Taking on a mortgage can be a big task. You may have to borrow a lot of money from a bank or lender to complete the purchase. In exchange for the loan, you have to pay interest to the creditor. Interest rates are only a couple percent, but after a 30-year term, interest dues can really add up. Bi-weekly payments can reduce your mortgage term by many years to save you money on the interest.

By adding your loan details to the system, you can view the difference in savings between frequencies. Try weekly, bi-weekly, or monthly payments. See the time you can take off your term and what you should know about bi-weekly mortgage payments here.