Evaluate Multiple Loan Scenarios with the Blended Rate Calculator

If you already have a mortgage and are considering refinancing, or if you're combining two loans (like a first mortgage and a second mortgage or HELOC), the blended rate calculator helps you see the big picture. It calculates the effective interest rate when you combine loans with different rates and balances. This is crucial for understanding whether refinancing or consolidating loans is financially beneficial.

This calculator helps homeowners avoid common pitfalls. For example, if your second loan has a much higher interest rate than your first, the overall cost might be higher than you think. By calculating the blended rate, you get a clearer comparison of whether it’s time to refinance or restructure your mortgage strategy. It's a valuable tool for anyone managing multiple loans or weighing refinancing options.