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Alternative Payment Frequencies Calculator

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Accelerated: weekly is a quarter and biweekly half of the monthly payment, so you pay the equivalent of 13 monthly payments a year. Semimonthly is half, quarterly three times and annual twelve times the monthly payment.

Interest is charged each period at the annual rate divided by the number of payments a year.

Your results

Monthly payment

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Lowest total interest

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Saved vs paying monthly

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Every payment frequency side by side

The same loan, rate and term, paid on six different schedules.

FrequencyPaymentPaid per yearNumber of paymentsPaid off inTotal interestvs monthly

Balance at the end of each year

How fast each schedule brings the balance down.

Results are estimates for educational purposes and are not financial, tax or legal advice.

Compare the same loan paid weekly, biweekly, semimonthly, monthly, quarterly or once a year, with the payment, total interest and payoff time for each schedule. Pair this with the payment calculator online for a fuller picture before you make a decision.