Blended Rate Calculator
Loan Amount | Interest Rate | Example Value |
---|---|---|
Loan Amount 1 | The amount of the first loan. | $100,000 |
Interest Rate 1 | The interest rate of the first loan. | 5% |
Loan Amount 2 | The amount of the second loan. | $200,000 |
Interest Rate 2 | The interest rate of the second loan. | 4% |
Blended Rate | The weighted average interest rate of the two loans. It is calculated using the formula: \(\frac{\text{Loan Amount 1} \times \text{Interest Rate 1} + \text{Loan Amount 2} \times \text{Interest Rate 2}}{\text{Loan Amount 1} + \text{Loan Amount 2}}\). | 4.33% |