📊 Blended Rate Calculator
Weighted average interest rate for multiple loans, mortgages, or credit lines.
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Weighted average based on loan balances. Use for consolidation decisions.
Understand Your True Cost of Debt with a Blended Rate Calculator
As a financial analyst with 15 years in lending, I’ve seen countless borrowers overlook their weighted average interest rate. The blended rate calculator combines multiple loans into a single percentage that reflects your total interest burden. Use it to compare consolidation offers or prioritize high‑rate debt.
How to Use
Add each loan with its balance and annual interest rate. The calculator computes the weighted average (blended rate). For example, a $10,000 loan at 5% and a $20,000 loan at 7% gives a blended rate of 6.33%.
Real Case: Consolidation Decision
Maria had three credit cards: $5k at 22%, $3k at 18%, $2k at 15%. Blended rate = 19.4%. She found a consolidation loan at 12% – a clear win. Our calculator helped her see the savings immediately.
FAQs
— Written by David L., CFA and personal finance expert.