| 1st Balance @ Rate | $0 @ 4.00% |
| 2nd Amount @ Rate | $0 @ 9.50% |
| 2nd Structure | 30yr P&I |
| Blended Rate / APR | 0.00% / 0.00% |
| Mortgage Insurance | None |
| Payment | $0 |
| Cost / 60 mo | $0 |
| New Loan Amount | $0 |
| New Rate / APR | 7.00% / 0.00% |
| Term | 30yr P&I |
| Rate Given Up (1st) | 4.00% |
| Mortgage Insurance | None |
| Payment | $0 |
| Cost / 60 mo | $0 |
| Metric | Keep 1st + 2nd | Refinance |
|---|---|---|
| Monthly Payment | $0 | $0 |
| Interest Paid | $0 | $0 |
| Principal Paid | $0 | $0 |
| Ending Balance | $0 | $0 |
| Closing Costs | $0 | $0 |
| Total Cost of Borrowing | $0 | $0 |
Compare keeping the low-rate first mortgage and adding a second against a cash-out refinance — blended rate, payments, and total cost side by side.
Blended Interest Rate
Monthly Payment
Key Metrics
A cash-out refi resets the entire balance to today's rate. A second layered on top keeps the existing low-rate first fully intact — that spread is the whole game.
Rate ProtectionThe higher second-mortgage rate applies only to the new money, not the full payoff. That is why the blended rate can sit far below a refinance.
Targeted CostBFF's fixed-rate Closed-End Second delivers a lump sum with a predictable payment — ideal for debt consolidation, renovations, or a down payment on the next property.
BFF ProgramNeed a revolving line instead? A HELOC draws only as funds are used, often interest-only during the draw period — keeping the blended payment lean.
BFF ProgramSeconds typically carry lighter closing costs and quicker turn times than a full first-lien refinance — less friction to get the borrower their cash.
SpeedRates may fall. Taking a second now keeps the door open to refinance the first later — without having already burned the low rate you're protecting today.
Future-ProofEnter the first-mortgage balance, the cash needed, and both rates above to generate a personalized blended-rate recommendation.
