calcy treasure chest of featuresLove the calculators but not the ads?

Take a sneak peek at the Ad-Free Design being enjoyed by hundreds of members for less than 25¢ a week. Full details and a bonus!

Bi-weekly Loan Calculator with Payment Frequency Comparison

Calculator Preferences
Bi-Weekly Loan Calculator Sign
Bi-Weekly Loan Calculator

This calculator will calculate your biweekly payment amount, plus show you how that payment amount and its associated interest charges will compare to other payment intervals. The results will also display the interest and principal breakdown for the first 26 payments. The Tip tab includes:

  • Why biweekly is usually cheaper.
  • The best of all payment frequencies.
Learn More

Selected Data Record:

A Data Record is a set of calculator entries that are stored in your web browser's Local Storage. If a Data Record is currently selected in the "Data" tab, this line will list the name you gave to that data record. If no data record is selected, or you have no entries stored for this calculator, the line will display "None".

DataData recordData recordSelected data record: None
Loan amt:Loan amount:Loan amount:Amount you are looking to borrow:

Amount you are looking to borrow:

Enter the amount you are looking to borrow, without the dollar sign or commas. This is otherwise referred to as Principal.

Rate:Interest rate:Annual interest rate:Annual interest rate:

Annual interest rate of the loan:

Enter the interest rate of the loan expressed as a percentage, but without the percent sign (for 6.5%, enter 6.5).

# of years:Loan term years:Loan term in years:Number of years to pay back the loan:

Number of years to pay back the loan:

Enter the number of years you would like to spread your biweekly payments over. The longer you take to pay back the loan, the more of your hard earned money will go toward paying interest charges to the lender.

Date of first payment:

Date of first payment:

Select the month, day, and year you plan to make your first biweekly payment. The calculator will use this date to create a 1st year payment schedule.

Schedule:Pmt Schedule:Amortization schedule:Amortization schedule preference:

Amortization schedule preference:

Select your preference for including an amortization schedule in the results: None, Yr 1 only, or Full.

Bwkly pmt:Biweekly pmt:Bi-weekly payment amount:Bi-weekly payment amount:

Biweekly payment amount:

Based on your entries, this is how much your biweekly payment will be for the duration of the loan repayment.

# of pmts:Number of pmts:Number of payments:Number of payments:

Number of payments:

This is the number of years multiplied by 26 (the number of two-week periods per year).

Total pmts:Total payments:Total of all payments:Total of all payments:

Total of all payments:

This the combined total of all of your biweekly payments from your first to last payment (# of years X 26 X payment amount).

Principal:Total principal:Total principal repayment:Total principal repayment:

Total principal repayment:

This is the same as the loan amount you entered in the top section of the calculator.

Interest:Total interest:Total interest charges:Total interest charges:

Total interest charges:

This how much you will end up paying in interest charges to your lender from your first to last payment.

Est payoff:Estimated payoff:Estimated payoff date:Estimated payoff date:

Estimated payoff date:

This is the estmated date of the final bi-weekly payment.

If you would like to save the current entries to the secure database, tap or click on the Data tab, select "New Data Record", give the data record a name, then tap or click the Save button. To save changes to previously saved entries, simply tap the Save button. Please select and "Clear" any data records you no longer need.

Feedback AppreciatedFeedback Greatly AppreciatedYour Feedback Would Be Greatly AppreciatedYour Feedback Is Greatly Appreciated


Help and Tools

Help and Tools:

This section, which you can Unstick or Hide in the Calculator Preferences (just above the top of the calculator), contains the following tabs (content too long to fit within bordered frame can be scrolled up and down):

About: Click this tab for an introduction to the calculator.

Instructions: Click this tab for step-by-step instructions for using the calculator.

Terms: Click this tab for a list of the descriptions that are located within each popup help button (info icons).

PCalc: Click this tab for a handy "pocket" calculator you can use when you need to calculate an entry needed for the calculator.

Data: Click this tab to save a set of entries or a note in between visits. Entries and notes will be stored to your web browser's local storage (if supported by your browser of choice), meaning they can only be recalled with the same device and web browser you were using when you saved them. If you'd like to save entries and notes between devices you can do so by subscribing to the Ad-Free Member Version.



Add or remove this page to/from my favorites.

Adjust Calculator Width:

Move the slider to left and right to adjust the calculator width. Note that the Help and Tools panel will be hidden when the calculator is too wide to fit both on the screen. Moving the slider to the left will bring the instructions and tools panel back into view.

Also note that some calculators will reformat to accommodate the screen size as you make the calculator wider or narrower. If the calculator is narrow, columns of entry rows will be converted to a vertical entry form, whereas a wider calculator will display columns of entry rows, and the entry fields will be smaller in size ... since they will not need to be "thumb friendly".

Show/Hide Popup Keypads:

Select Show or Hide to show or hide the popup keypad icons located next to numeric entry fields. These are generally only needed for mobile devices that don't have decimal points in their numeric keypads. So if you are on a desktop, you may find the calculator to be more user-friendly and less cluttered without them.

Stick/Unstick Tools:

Select Stick or Unstick to stick or unstick the help and tools panel. Selecting "Stick" will keep the panel in view while scrolling the calculator vertically. If you find that annoying, select "Unstick" to keep the panel in a stationary position.

If the tools panel becomes "Unstuck" on its own, try clicking "Unstick" and then "Stick" to re-stick the panel.