What Are My Payments With A 1st And 2nd Mortgage?

This mortgage payment calculator will combine two loan payments (such as a 1st & 2nd) into one monthly payment. It will also estimate your blended rate. This is a sum of the interest of both payments, divided by the total loan balance. The blended rate is not a perfect measure, but it is a useful tool to gauge how both mortgages compare to a single loan.

Note: We highly recommend that you seek a qualified loan consultant before actually selecting a loan.
     
Loan amount of 1st ?
Interest rate of 1st ?
Term of 1st (usually 30 or 15 years) ?
Loan amount of 2nd ?
Interest rate of 2nd ?
Term of 2nd (usually 15 or 20 years) ?
   
 
     
     
Your 1st mortgage payment ?
$899.33
Your 2nd mortgage payment ?
$224.93
Total mortgage payments ?
$1,124.26
     
Since you have two loans with two different interest rates, you will also have what is called a blended (or effective) interest rate which is 6.43% If this rate is too high, you can consider refinancing to save money.