Blended Rate Calculator
Calculate your effective blended interest rate across multiple loans on the same property, such as a first mortgage and a HELOC or second mortgage.
Results update automatically
Wondering if consolidating into one loan would beat your blended rate?
Talk to a Loan OfficerWhy Your Blended Rate Matters
If you have more than one loan against the same property — a first mortgage plus a HELOC or second mortgage, for example — your true borrowing cost isn't either individual rate, it's the weighted average across both balances. This is the number to compare against a potential refinance or consolidation, not just your primary mortgage rate alone.
Frequently Asked Questions
When should I consolidate multiple loans into one?
It's generally worth exploring when your blended rate is meaningfully higher than current market rates for a single new loan, factoring in closing costs against the interest savings over your expected time in the home.
Does a HELOC count toward my blended rate?
Yes, if it's an open balance against the property, it should be included using its current outstanding balance and rate, keeping in mind HELOC rates are often variable and can change.
