Calculations are estimates only and do not constitute financial advice. Actual rates, fees, and eligibility may vary by lender. Always consult a licensed mortgage professional.
Calculations are estimates only and do not constitute financial advice. Actual rates, fees, and eligibility may vary by lender. Always consult a licensed mortgage professional.
See how different payment schedules affect your total cost and savings.
Loan Amount
AED 640,000
| Frequency | Payment | /Year | Total Cost | Savings |
|---|---|---|---|---|
| Monthly | AED 3,930 | 12x | AED 1,179,048 | — |
| Biweekly | AED 1,814 | 26x | AED 1,179,048 | — |
| Accelerated Biweekly | AED 1,965 | 26x | AED 1,277,302 | — |
| Weekly | AED 907 | 52x | AED 1,179,048 | — |
| Accelerated Weekly | AED 983 | 52x | AED 1,277,302 | — |
With accelerated bi-weekly payments, you take your monthly payment, divide by 2, and pay that amount every two weeks. Since there are 26 bi-weekly periods in a year, you end up making the equivalent of 13 monthly payments instead of 12 — one full extra payment per year that goes directly toward principal.
This extra principal reduction compounds over time, typically shaving 3-4 years off a 25-year amortization and saving tens of thousands in interest. The accelerated weekly option works the same way (monthly / 4, paid 52x per year = 13 monthly equivalents).