Mortgage Payment Frequency

Pay your mortgage on your schedule. Easily customize the frequency and date when your mortgage payments are drawn to fit your needs. It's your mortgage; make it work for you.


A non-accelerated payment frequency is a standard payment frequency. No additional payments are being made other than the mortgage's principal and interest payment being made at the chosen frequency option.


An accelerated payment frequency has the same number of payments per period as a non-accelerated frequency, but the payment amount is slightly higher. The additional amount is applied to the mortgage's principal balance. These additional  'micro' payments add up over time, shortening the mortgage's amortization and the amount of interest paid, saving you money.

Frequency Option Recurrence Payment Calculation Payments per Year Amortization*
Monthly Once per month 12 payments
12 25 years
Semi-Monthly Twice per month
(1st & 15th) or (2nd & 16th)
Monthly Payment / 2
24 21 years & 7 months
Bi-Weekly Every 14 days (Monthly Payment x 12) / 26
26 24 years & 10 months
Bi-Weekly Accelerated Every 14 days Monthly Payment / 2
26 21 years & 7 months
Weekly Every 7 days (Monthly Payment x 12) / 52
52 24 years & 10 months
Weekly Accelerated Every 7 days Monthly Payment / 4
52 21 years & 7 months

It's All in the Hub

More great resources at your disposal, all in one place! The Client Hub is the one stop for all the Tools, Calculators, How To's, Walkthroughs one could need during their mortgage journey.