Blended Rate Mortgage Calculator

The high price of homes has many buyers trying to get 100% or near 100% financing. One option is to acquire two mortgages. This calculator helps you determine the effective, or blended, interest rate you would pay if you use a first and a second mortgage to finance the purchase of your home.

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For more information about these financial calculators please visit: Financial Calculators from KJE Computer Solutions, Inc.

By changing any value in the following form fields, calculated values are immediately provided for displayed output values. Click the view report button to see all of your results.

Financial Calculators from
Dinkytown.net

*indicates required.

Your home purchase:

Total to finance $0.00

Purchase Price:*This entry is required.Enter an amount between $0 and $250,000,000

Down payment:*This entry is required.Enter an amount between $0 and $250,000,000

Report amortization:

Report amortization

Annually

Monthly

Loan one:

Monthly payment: $0.00

Loan two:

Monthly payment: $0.00

**FIG_GRAPHTITLE** Pie Chart: Please use the calculator's report to see detailed calculation results in tabular form.

Total monthly payment KJE1

**FIG_GRAPHTITLE** Line Graph: Please use the calculator's report to see detailed calculation results in tabular form.

Loan Balances by Year

Definitions

Purchase price

The price of the home you wish to purchase. This is the total price you'll pay for this property, including any closing costs.

Down payment

The total amount you have available to use towards the purchase of this property.

Loan one amount

The total amount that will be financed by your first mortgage. Normally, your first mortgage will carry a lower interest rate than a second mortgage.

Loan two amount

The total amount that will be financed by your second mortgage.

Interest rate

The current annual interest rate you can receive on your mortgage.

Term

The number of years over which you will repay the loan. The most common mortgage terms are 15 years and 30 years.

Interest only checkbox

Check here to indicate that this mortgage will be an interest only mortgage. The tool assumes that your interest only mortgage will have a balloon payment for the entire balance at the end of the selected term.

Monthly payment

Monthly principal and interest payment for the loan. If this is an interest only mortgage, this amount will be an interest only payment.

Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.