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We’ve enhanced our platform for chase.com. For a better experience, download the Chase app for your iPhone or Android. Or, go to System Requirements from your laptop or desktop.

Flexible automatic mortgage payments

 

Peace of mind with flexible automatic payments

Flex Pay Home lending videoOpens Overlay

With Chase automatic payments from your checking account, you choose the option that works best for you and your budget. It is a great way to help ensure your payment is applied correctly and at the time you choose. We will even update your mortgage payment if it changes due to escrow or adjustable rate changes.

Choose the option that works best for you:

Once a month

Once a month

  • Mortgage accounts: You can choose any payment date within your grace period
  • Home equity line of credit accounts: Your payment will be made on your due date
  • Payment is made on the same day each month
  • Ensures correct payment amount

Twice a month

Twice a month

  • Available for mortgage loans only
  • Splits monthly payments into two half payments
  • You choose the payment dates
  • Great for sticking to a budget
  • Half payments  are held as “unapplied funds” until a full payment is received 

 

Every two weeks

Every two weeks

  • Available for mortgage loans only
  • During your first month of enrollment, you'll need to make both your regular payment plus your two half payments
  • Pay your loan down faster
  • Splits your monthly payment into two half payments
  • Half payments  are held as “unapplied funds” until a full payment is received
  • There are usually two months per year where you’ll make an additional half payment. These two extra half payments are applied to your principal, adding up to one full extra payment each year.

 

Mortgage Payment Examples

$250,000 at 4.5% fixed interest for 30 years. Assuming taxes and insurance of $475 per month.

PAYING $1,742 ONCE A MONTH

PAYING $1,742 ONCE A MONTH

  • Pay off in 30 years
  • Interest of $206,016

PAYING $871 TWICE A MONTH

PAYING $871 TWICE A MONTH

  • Pay off in 30 years
  • Interest of $206,016

PAYING $871 EVERY TWO WEEKS

PAYING $871 EVERY TWO WEEKS

  • Pay off in 24.5 years
  • Interest of $162,094
  • Savings of 5.5 years and over $43,000 in interest