Payment Frequency Analyzer

Compare weekly, bi-weekly, semi-monthly, monthly and accelerated options — including how much faster accelerated payments clear the mortgage.

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Home price*

CAD

Down payment*

CAD

Interest rate*

Amortization*

years

Accelerated bi-weekly is your monthly payment ÷ 2 paid 26 times a year, and accelerated weekly is your monthly payment ÷ 4 paid 52 times a year — roughly one extra monthly payment per year, so the mortgage is paid off sooner.

PAYMENT COMPARISON

Monthly

12/yr · paid off in 25.0 yrs · interest $416,140

$3,253.80

Semi-monthly

24/yr · paid off in 25.0 yrs · interest $415,138 · saves $1,002

$1,625.23

Bi-weekly

26/yr · paid off in 25.0 yrs · interest $415,061 · saves $1,079

$1,500.09

Weekly

52/yr · paid off in 25.0 yrs · interest $414,599 · saves $1,541

$749.69

Accelerated bi-weekly

26/yr · paid off in 21.5 yrs · interest $348,698 · saves $67,442

$1,626.90

Accelerated weekly

52/yr · paid off in 21.5 yrs · interest $347,932 · saves $68,208

$813.45

Results are estimates for illustration only and are not an approval or an offer of credit. Calculations use Canadian mortgage conventions (interest compounded semi-annually, not in advance), current CMHC default insurance premium bands, and the OSFI minimum qualifying rate. Actual figures depend on lender policy, property details and credit review. Lijo Abraham — Mortgage Agent Level 1, Pegasus Mortgages (FSRA licensed).