Elending Finance

Fortnightly Repayment Calculator

The Fortnightly Repayment Calculator is tailored for those considering bi-weekly mortgage payments. It showcases how more frequent payments can reduce the interest cost and loan term, offering a practical strategy for quicker mortgage payoff.

Paying fortnightly (half the monthly repayment, every two weeks) means 26 payments a year — the equivalent of one extra monthly repayment annually.

Your Results

Monthly Repayment$2,998
Fortnightly Repayment$1,499
Time to Pay Off (monthly)30 years, 0 months
Time to Pay Off (fortnightly)24 years, 6 months
Interest Saved$124,060

The results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for a loan. The specific details of your loan will be provided to you in your loan contract. It is advised that you get in touch with us before taking out a loan so that we can provide you with advice that is tailored to your situation.