HomeExpertly
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Second Mortgage Calculator
Estimate payments for a fixed-rate Second Mortgage (Home Equity Loan).
Includes a Blended Rate calculation to see your effective interest rate across both loans.
Loan Details
Results
Monthly Payment Impact
First Mortgage Payment—
Second Mortgage Payment—
Total Monthly Payment—
Interest Rate Analysis
Second Mortgage Rate—
Effective "Blended" Rate
—
The blended rate is the weighted average interest rate of both loans combined. Refinancing makes sense only if a new loan is lower than this rate.
Second Mortgage Summary
Total Loan Amount—
Total Interest Cost—
Payoff Date—
Visuals
Payment Mix
Total Debt Balance