Motorcycle Loan Refinance Calculator with Bi-Weekly Payments

We compute periodic payments using the standard amortization formula: Payment = P * r / (1 - (1 + r)^-n), where r is the periodic interest rate and n is the number of periods.

Bi‑weekly schedules use 26 periods per year. Making bi‑weekly payments often results in the equivalent of 13 monthly payments per year, accelerating principal reduction; the tool reports monthly equivalents to help compare cash flows.

Break‑even months = refinance fees divided by the monthly cash savings (monthly equivalent) between current and refinance loans. If monthly savings are zero or negative, break‑even is not meaningful.

Use the calculator to compare estimated cash flow, total cost, and break‑even timing when refinancing a motorcycle loan. It highlights the acceleration effect of bi‑weekly payments and shows both periodic and monthly‑equivalent payments for easy comparison.

Always confirm final terms, fees, and payoff amounts with a lender. Small rounding differences and assumptions (e.g., payment timing, day count conventions) affect exact totals.

If your current loan balance is $5,000 at 6.5% with 36 months remaining (monthly), and you refinance $5,000 at 4.5% for 3 years with $250 fees and choose bi‑weekly payments, the calculator will show periodic bi‑weekly payments, monthly equivalent payments for easy comparison, total interest over each path, and months to recoup the $250 fee.

Bi‑weekly example: A bi‑weekly schedule with 26 payments per year yields a monthly equivalent equal to periodic payment × 26 / 12; over a year this typically equals 13 standard monthly payments.