Bi-Weekly vs Monthly Payment Calculator
Compare all five Canadian mortgage payment frequencies side-by-side. See how much interest each option saves and how many years sooner your mortgage is paid off.
Best option: Accelerated weekly
Saves $67,880 in interest
Pays off 3.4 years sooner than monthly payments.
| Frequency | Payment | Payoff | Total interest | Saved vs monthly |
|---|---|---|---|---|
| Monthly | $3,418.25/month | 25.0 yrs | $425,475 | — |
| Bi-weekly | $1,577.65/bi-week | 25.0 yrs | $423,393 | $2,082 |
| Accelerated bi-weekly | $1,709.13/bi-week | 21.6 yrs | $358,353 | $67,122 |
| Weekly | $788.83/week | 24.9 yrs | $422,503 | $2,972 |
| Accelerated weeklyBest | $854.56/week | 21.6 yrs | $357,595 | $67,880 |
Accelerated frequencies pay slightly more per year (one extra monthly equivalent), which shortens your amortization. Non-accelerated bi-weekly and weekly options pay the same total per year as monthly — interest savings come only from more frequent compounding.
All scenarios use Canadian semi-annual compounding. Confirm your lender supports the frequency you choose — most do, but some restrict accelerated options on certain products.
The information presented on HousingPortal.ca is intended for general illustrative purposes only. While the information is believed to be reliable, it cannot be guaranteed for accuracy, completeness, or currency. Neither HousingPortal.ca and its employees, nor any other party identified in this guide/report, assumes any liability for the information provided. The views and opinions expressed by the analysts at HousingPortal.ca are their own and should not be considered as investment advice. It is recommended that you seek the advice of a licensed real estate professional before making any decisions regarding real estate investments.