BiWeekly Payment Calculator

With the program, you can save thousands of dollars and take years off your mortgage by simply paying one-half of your regular monthly payment every two weeks. Instead of making 12 monthly payments each year, you will be making 26 biweekly payments each year. See how much interest you can save over the life of your loan!

By accelerating the principal reduction on your loan, you will achieve significant savings in interest costs over the life of the loan.  Here's how it works:

On the biweekly payment plan, you make 26 payments a year, not just 24 a year (12 months divided by 2 payments)  The extra payments go immediately toward reducing your principal balance.  The savings of this plan comes from your discipline to make one extra monthly payment per year.

Many lenders provide a biweekly option.  But in reality, many of those lenders also charge a fee - as much as $10 a month - to process the extra payment or they delay the application of the payment. At Farm Credit, you immediately get the savings benefit with no extra monthly cost.