Blended Rate Calculator

Calculate the weighted average interest rate across multiple debts. This blended rate helps you understand your overall borrowing cost and evaluate debt consolidation opportunities.

Debt Information

Enter details for up to five debts. The calculator computes the total balance, total monthly payment, and the blended (weighted average) interest rate.

Debt # Balance ($) Interest Rate (%) Monthly Payment ($)
1
2
3
4
5

Blended Rate Analysis

Total Balance

$0

Total Monthly Payment

$0

Blended Interest Rate

0.000%

Detailed Calculations

Understanding Your Blended Rate

Blended Interest Rate: The weighted average interest rate calculated as the sum of each balance multiplied by its rate, divided by the total balance. This gives more weight to larger debts in the calculation.

Debt Consolidation: If you can find a consolidation loan or balance transfer with a rate lower than your blended rate, you may save money on interest.

Payment Strategy: Focus extra payments on your highest interest rate debts first to minimize total interest costs over time.

Formula: Blended Rate = Σ(Balance × Rate) ÷ Total Balance