SG Capital's blended rate loan calculator assists in determining the average interest rate and total payment associated with obtaining multiple mortgage loans on a single property.
In conjunction with our Closed End Second program, the blended rate calculator helps show what the 1st and 2nd payments, as well as CLTV and blended rates, will be for both mortgages. This tool enables borrowers to easily assess how they can tap into their home’s equity while retaining their first mortgage.
Click here for more details on our closed end second mortgage program for self-employed borrowers and real estate investors.
Disclaimer:
This calculator is for estimation purposes only. It is a basic calculator using information entered by you that may differ from the actual terms at the time the loan terms are set. The calculator does not include fees and costs that may apply to a loan, and it does not account for all loan programs. Results may vary and will be subject to individual program guidelines and limits. Qualification, rates, and payment will vary based on timing and individual circumstances. The results do not reflect an official mortgage loan offer or a credit decision, and SG Capital has no obligation to purchase a loan, including a loan meeting the criteria described herein. Please contact a licensed mortgage loan originator for more information regarding your specific needs and situation.
For professional use only. Not intended for consumers but for loan sellers in connection with SG Capital’s possible purchase of already-closed mortgage loans. SG Capital makes no representation or warranty as to the validity or accuracy of any information contained herein. Terms herein are indicative only and are subject to change without notice. Actual rates and payments will vary based on borrower’s individual situation and current rates, which may change daily. Some products may not be available in all states. Changes may occur upon receipt and review of the complete loan package and the credit report. Other restrictions and conditions may apply.