Mortgage Piggyback Calculator: Two Mortgages Versus One. – This calculator compares the total cost of a combination first mortgage plus a second mortgage to that of a larger first mortgage on which the borrower pays either mortgage insurance or a higher interest rate, over a specified future period.
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Mortgage-X Calculators: Blended Rate Calculator – Blended Rate Calculator. The calculator computes the weighted average interest rate (commonly called the blended rate) on two or three mortgages at differing interest rates: the average rate on these mortgages is ‘weighted’ by their respective loan amounts.. b1 = 1st Mortgage Balance b2 = 2nd.
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Mortgage rates lower for Monday – Multiple closely watched mortgage rates sunk lower today. These types of loans are best for those who expect to sell or refinance before the first or second adjustment. Rates could be substantially.
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