Blended Mortgage Rate and Monthly Payment Calculations
Blended Loan Rate Calculation
An online blended rate calculation is used to figure out the effective blended interest rate of multiple mortgage loans.
Blended Rate Mortgage Loan
A blended rate is an interest rate charged on a mortgage that represents the combination of a previous rate and a new rate. Blended rates are usually offered through the re-financing of existing mortgage loans that are charged a rate of interest that is higher than the old loans rate, but lower than the rate on a brand-new loan.