![]() ![]() While two bi-weekly payments will be made for 28 days, a month has either 30 days or 31 days, except for February. Instead, bi-weekly mortgage payments are made every two weeks, which is considered to be every 14 days. You’ll simply divide a regular monthly mortgage payment into two.īi-weekly payments do not split months into two. With 12 months in a year, you'll be making 24 semi-monthly mortgage payments every year. ![]() Semi-monthly mortgage payments split every month into two. For example, you might make a payment on the 1st of the month, and another payment on the 15th of the month. With a semi-monthly mortgage payment, your mortgage payment will be made two times per month. Semi-monthly mortgage payments are not the same as bi-weekly mortgage payments. ![]() = 26 bi-weekly payments in a year Mortgage Payment Frequency and Payments Per Year Payment FrequencyĪre semi-monthly mortgage payments the same as bi-weekly mortgage payments? ![]()
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