Blended Debt Rate Calculator

This tool calculates a single “equivalent” interest rate for your debts. The first two entries are assumed to be fixed-term mortgages. Additional debts can be either fixed-term or revolving (such as credit cards). For revolving debts, please enter your actual monthly payment and a target payoff term.

* The "Blended Rate" is the single interest rate that, if applied to your total balance over a weighted average payoff term, would result in the same overall monthly payment. ? All your debts are combined by weighting them based on both the balance and the number of months remaining. The blended rate is the equivalent rate that would generate your combined monthly payment if your total debt were paid off over that average term.