Average Loan Interest Rate Calculator
Are you uncertain how much you spend each month on interest or what your effective APR is across all your debts? Enter your details below & this calculator will show your monthly interest expense and the blended rate. For each of your obligations, please fill out the left 3 columns. Once you click on the calculate button the 4th column will be filled out along with the total debt amount & average interest rate.
If your blended interest rates are significantly above conforming mortgage rates or the rates associated with a home equity loan it may make sense to leverage home equity or refinance to lower your interest expenses.