▸Your blended interest rate is 4.250% across 2 active loans.
- Your blended rate is 1.125% below the simple average (5.375%), because your larger balances carry lower rates.
- Across a total balance of 250,000, you are paying roughly 10,625.00 in interest per year at current balances.
- A blended rate below 5% is typically low-cost debt. Refinancing may not save enough to justify closing costs unless your remaining term is long.
- This blended rate is a snapshot at current balances. As you pay down principal unevenly across loans, the blended rate shifts. Recalculate any time a balance changes significantly.
Next stepTo decide whether to refinance, compare the cost of a new single loan (including origination fees and closing costs) against the annual interest shown here. If your blended rate is already competitive, consolidation may not be worth it.