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Jun 5, 2023 · blended rate = ($40 + $120 + $6) / $5,200. blended rate = $166 / $5,200 = 0.031923 = 3.192%. With the given balances and interest rates, we get 3.192% as their equivalent blended interest rate on top of a total monthly balance of $5,200 for three months.
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Total Balance: $ Blended Rate : % Effective rate only correct if all loans paid off over same time period!
Blended Rate Mortgage Loan Calculator - Simple. Find the effective interest rate of multiple mortgages, loans or lines of credit at the same time. The rate is weighted depending on the current outstanding balance of each debt. Note that this value is for the current time period with current balances only!
This blended-rate mortgage calculator helps determine the effective, or blended, interest rate if you use a first and a second mortgage to finance the purchase of a home. Bankrate.com...
May 3, 2023 · Blended Rate Calculator: How It Works. The Calculator is an easy-to-use tool that allows you to input multiple loan or investment balances and their corresponding interest rates. It calculates the effective blended rate, providing a clear and concise understanding of your overall interest rate.
Average Blended Rate Calculation for Multiple Mortgages, Loans or Debts. This more detailed calculator derives the blended rate of up to four loans or lines of crdit at any given month and then averages those blended rates over the total length of all loans to calculate an average blended rate.
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Blended Rate Mortgage Calculator is an online personal finance planning tool programmed to calculate the blended interest rate of the two mortgages. These two mortgages may have different principal, loan terms and interest rates. The combined interest rate calculation is often called as Blended rate. When it comes to online calculation, this ...
