# 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.

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