![]() ![]() You can also give some irregular payments as input. The first step is to input the loan details. We divided the monthly payment by 2 to get the bi-weekly accelerated payment. For other templates, we have calculated the bi-weekly payment ( Accelerated) from the monthly payment. In the first template (on the left side of the worksheet), we have calculated the genuine bi-weekly payment ( Equivalent). This Excel template has actually two templates. ![]() So, every 14 days, you will make one payment. We have made our Bi-weekly mortgage calculator with 26 payments per year. But if you plan to pay twice a month, your total payments will be 24.Ģ Steps to Calculate Biweekly Mortgage Calculator with Extra Payments in Excel So, regular bi-weekly is 26 payments per year. If you pay with the monthly schedule, you will pay 12 times a year. If you pay the loan with the bi-weekly schedule, your total number of payments in a year will be 26 ( 26 x 14 days = 364 days). Biweekly Mortgage Calculator Template.xlsxīi-weekly is a period of 14 days. ![]()
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