Blended Rate Calculator
Calculate your weighted average interest rate across multiple debts and explore consolidation options
Quick Examples
Enter Your Debts
What is a Blended Rate?
A blended interest rate is the weighted average of all your different interest rates. It helps you understand your overall cost of borrowing and can guide consolidation decisions.
When to Consolidate
Consider consolidating when you can get a new loan rate lower than your blended rate, or when simplifying multiple payments would help your financial management.
How It's Calculated
We calculate the weighted average by multiplying each debt's balance by its rate, summing these products, then dividing by the total balance.
Important Disclosures:
*The blended rate calculator provides estimates for educational purposes only. Your actual weighted average interest rate is calculated based on the debt balances and rates you provide. This tool does not constitute financial advice or a loan offer.
Consolidation loan options depend on various factors including your credit score, debt-to-income ratio, and overall financial profile. The calculator assumes minimum payments are interest-only for estimation purposes unless you specify actual payment amounts.
NewFed Mortgage encourages you to consult with one of our experienced loan officers to explore consolidation options that may help simplify your finances and potentially reduce your overall interest costs.
NewFed Mortgage Corporation
NMLS #1881 | Equal Housing Lender
Licensed in multiple states. For our licensing information, please visit newfed.com
