diff --git a/pcsx2/SPU2/Mixer.cpp b/pcsx2/SPU2/Mixer.cpp
index b88c7324de..72b4b31c7c 100644
--- a/pcsx2/SPU2/Mixer.cpp
+++ b/pcsx2/SPU2/Mixer.cpp
@@ -633,7 +633,7 @@ __forceinline
 		Ext = StereoOut32::Empty;
 	else
 	{
-		Ext = clamp_mix(ApplyVolume(Ext, Cores[0].MasterVol));
+		Ext = ApplyVolume(clamp_mix(Ext), Cores[0].MasterVol);
 	}
 
 	// Commit Core 0 output to ram before mixing Core 1:
@@ -657,8 +657,7 @@ __forceinline
 	}
 	else
 	{
-		Out.Left = ApplyVolume(Out.Left, Cores[1].MasterVol.Left.Value);
-		Out.Right = ApplyVolume(Out.Right, Cores[1].MasterVol.Right.Value);
+		Out = ApplyVolume(clamp_mix(Out), Cores[1].MasterVol);
 	}
 
 	// For a long time PCSX2 has had its output volume halved by
diff --git a/pcsx2/SaveState.h b/pcsx2/SaveState.h
index 2153a0908b..bc79047f38 100644
--- a/pcsx2/SaveState.h
+++ b/pcsx2/SaveState.h
@@ -37,7 +37,7 @@ enum class FreezeAction
 // [SAVEVERSION+]
 // This informs the auto updater that the users savestates will be invalidated.
 
-static const u32 g_SaveVersion = (0x9A46 << 16) | 0x0000;
+static const u32 g_SaveVersion = (0x9A47 << 16) | 0x0000;
 
 
 // the freezing data between submodules and core