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Standard vs. Bi-Weekly Input Information Loan Information Amount : ($) Interest Rate : (%) Length : (Years) Interest compounded : Monthly Bi-Weekly Your Tax Rate Tax Rate : (%)  Let Me Print That Form in PDF! Send calculation results to email Send to Email Address : Name : Phone # : Show Schedule Table Free calculators brought to you by H3 Homes, Inc. Financial Analysis (Switch to Plain English)   Standard Bi-Weekly Length : 30 Yrs 0 Mts 25 Yrs 3 Mts Time Saved : 4 Yrs 9 Mts Bi-Weekly Payment : - $671.03 Monthly Payment : $1,342.05 $1,453.89 Total Interests Paid : $233,139.46 $189,734.44 Interest Savings : $43,405.02 Tax Savings : $60,616.26 $49,330.95 Tax Saving Losses : $11,285.31 Total Benefit (Int. Savings - Tax Saving Losses) : $32,119.72 Plain English Help (Switch to Financial Analysis) When you set up your mortgage payment repayment plan, you can choose between a standard repayment plan or a bi-weekly repayment plan. With the standard plan, it would take you 30 years to repay the loan while a biweekly plan will take 25 years and 3 months. This will save you 4 years and 9 months. But, the savings doesn’t end there. If you took out a $250,000.00 loan with an interest rate of 5.000% and your federal tax rate is 26.000%, you can expect to pay $1,342.05 per month, while a bi-weekly payment plan will call for a payment of $671.03 every other week. As a result, you will pay only $189,734.44 in interest with the bi-weekly schedule rather than $233,139.46 with the standard payment plan. While this will result in a loss of $11,285.31 in tax benefits, you will still save a total of $32,119.72 with the bi-weekly plan.