Yup.
A typical black panel Fender with dual inputs has a pair of 68k resistors to mix the two inputs (and offer at least some isolation from the two guitars' controls interacting) when both inputs are used. These both connect to the input grid and a 1M resistor tying rhe grid's DC potential to ground.
When Input 1 is used alone, the jacks' switching contacts put the two 68k resistors in parallel, reducing them to 34k, for a total of 1034k input impedance (+/- 10%).
When Input 2 is used alone, the same switching instead puts the Input 1 jack's hot to ground, making the three resistors into a voltage divider, with 68k in series with the Input 2 signal and Input 1's 68k in parallel with the 1M grid resistor, giving 63.67k for thelower half of the voltage divider, giving 48.355% of the original signal in (-6.31dB) and approximately 131k input impedance....
When jumpering from Input 1 to another channel's Input 2, you get more compliated math, but end up with the guitar seeing about 592k total load....