Tool
Blended rate check
The short version
Enter your first mortgage balance and rate, the cash you need, a quoted rate on a second lien and a quoted rate on a cash-out refinance. The check shows the weighted blended rate of keeping your first plus a second lien, next to the cash-out rate. Nothing is preselected or stored, and we supply no rates.
Last reviewed against the primary sources listed below.
Lienwise · https://jumbocashoutrefinance.loan/blended-rate-check.html · General education only; nothing you entered was stored.
How to read your result
The result shows the blended cost of keeping your first mortgage plus a second lien, next to the cash-out option you entered. The lower blended figure costs less to carry.
- Blended figure: the combined cost of both loans.
- Comparison: against the cash-out option.
- Caveat: variable second liens can change.
What to do next
Get written terms for both a second lien and a cash-out refinance on the same day.
What it leaves out
Closing costs, variable rate changes and different terms. Compare Loan Estimates too.
Lien questions
What is a blended rate?
The average of two rates weighted by the balance at each rate.