$112,500 Mortgage for 30 Years

What is the monthly payment of a 112,500 dollar loan?
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Loan Tables for a $112,500 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 113k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $112,500 home? What if I pay a bigger down payment? Make sure to think about maintenance costs, taxes, insurance, and other costs.

Use this to calculate a loan for anything, such as a vehicle, business loan, home, RV, motor home, mobile home, manufactured home, real estate, land, vacation property, education, or any type of debt.
Interest Rate 30 Year
112,500 at 2.01%$416.38
112,500 at 2.02%$416.95
112,500 at 2.03%$417.51
112,500 at 2.04%$418.08
112,500 at 2.05%$418.64
112,500 at 2.06%$419.21
112,500 at 2.07%$419.77
112,500 at 2.08%$420.34
112,500 at 2.09%$420.90
112,500 at 2.1%$421.47
112,500 at 2.11%$422.04
112,500 at 2.12%$422.61
112,500 at 2.13%$423.17
112,500 at 2.14%$423.74
112,500 at 2.15%$424.31
112,500 at 2.16%$424.88
112,500 at 2.17%$425.45
112,500 at 2.18%$426.02
112,500 at 2.19%$426.59
112,500 at 2.2%$427.16
112,500 at 2.21%$427.74
112,500 at 2.22%$428.31
112,500 at 2.23%$428.88
112,500 at 2.24%$429.45
112,500 at 2.25%$430.03
112,500 at 2.26%$430.60
112,500 at 2.27%$431.18
112,500 at 2.28%$431.75
112,500 at 2.29%$432.33
112,500 at 2.3%$432.90
112,500 at 2.31%$433.48
112,500 at 2.32%$434.05
112,500 at 2.33%$434.63
112,500 at 2.34%$435.21
112,500 at 2.35%$435.79
112,500 at 2.36%$436.37
112,500 at 2.37%$436.94
112,500 at 2.38%$437.52
112,500 at 2.39%$438.10
112,500 at 2.4%$438.68
112,500 at 2.41%$439.26
112,500 at 2.42%$439.85
112,500 at 2.43%$440.43
112,500 at 2.44%$441.01
112,500 at 2.45%$441.59
112,500 at 2.46%$442.17
112,500 at 2.47%$442.76
112,500 at 2.48%$443.34
112,500 at 2.49%$443.93
112,500 at 2.5%$444.51
112,500 at 2.51%$445.10
112,500 at 2.52%$445.68
112,500 at 2.53%$446.27
112,500 at 2.54%$446.85
112,500 at 2.55%$447.44
112,500 at 2.56%$448.03
112,500 at 2.57%$448.62
112,500 at 2.58%$449.20
112,500 at 2.59%$449.79
112,500 at 2.6%$450.38
112,500 at 2.61%$450.97
112,500 at 2.62%$451.56
112,500 at 2.63%$452.15
112,500 at 2.64%$452.74
112,500 at 2.65%$453.33
112,500 at 2.66%$453.93
112,500 at 2.67%$454.52
112,500 at 2.68%$455.11
112,500 at 2.69%$455.70
112,500 at 2.7%$456.30
112,500 at 2.71%$456.89
112,500 at 2.72%$457.49
112,500 at 2.73%$458.08
112,500 at 2.74%$458.68
112,500 at 2.75%$459.27
112,500 at 2.76%$459.87
112,500 at 2.77%$460.46
112,500 at 2.78%$461.06
112,500 at 2.79%$461.66
112,500 at 2.8%$462.26
112,500 at 2.81%$462.85
112,500 at 2.82%$463.45
112,500 at 2.83%$464.05
112,500 at 2.84%$464.65
112,500 at 2.85%$465.25
112,500 at 2.86%$465.85
112,500 at 2.87%$466.45
112,500 at 2.88%$467.05
112,500 at 2.89%$467.66
112,500 at 2.9%$468.26
112,500 at 2.91%$468.86
112,500 at 2.92%$469.46
112,500 at 2.93%$470.07
112,500 at 2.94%$470.67
112,500 at 2.95%$471.28
112,500 at 2.96%$471.88
112,500 at 2.97%$472.49
112,500 at 2.98%$473.09
112,500 at 2.99%$473.70
112,500 at 3%$474.30
112,500 at 3.01%$474.91
112,500 at 3.02%$475.52
112,500 at 3.03%$476.13
112,500 at 3.04%$476.73
112,500 at 3.05%$477.34
112,500 at 3.06%$477.95
112,500 at 3.07%$478.56
112,500 at 3.08%$479.17
112,500 at 3.09%$479.78
112,500 at 3.1%$480.39
112,500 at 3.11%$481.00
112,500 at 3.12%$481.62
112,500 at 3.13%$482.23
112,500 at 3.14%$482.84
112,500 at 3.15%$483.45
112,500 at 3.16%$484.07
112,500 at 3.17%$484.68
112,500 at 3.18%$485.30
112,500 at 3.19%$485.91
112,500 at 3.2%$486.53
112,500 at 3.21%$487.14
112,500 at 3.22%$487.76
112,500 at 3.23%$488.37
112,500 at 3.24%$488.99
112,500 at 3.25%$489.61
112,500 at 3.26%$490.22
112,500 at 3.27%$490.84
112,500 at 3.28%$491.46
112,500 at 3.29%$492.08
112,500 at 3.3%$492.70
112,500 at 3.31%$493.32
112,500 at 3.32%$493.94
112,500 at 3.33%$494.56
112,500 at 3.34%$495.18
112,500 at 3.35%$495.80
112,500 at 3.36%$496.42
112,500 at 3.37%$497.05
112,500 at 3.38%$497.67
112,500 at 3.39%$498.29
112,500 at 3.4%$498.92
112,500 at 3.41%$499.54
112,500 at 3.42%$500.16
112,500 at 3.43%$500.79
112,500 at 3.44%$501.41
112,500 at 3.45%$502.04
112,500 at 3.46%$502.67
112,500 at 3.47%$503.29
112,500 at 3.48%$503.92
112,500 at 3.49%$504.55
112,500 at 3.5%$505.18
Interest Rate 30 Year
112,500 at 3.51%$505.80
112,500 at 3.52%$506.43
112,500 at 3.53%$507.06
112,500 at 3.54%$507.69
112,500 at 3.55%$508.32
112,500 at 3.56%$508.95
112,500 at 3.57%$509.58
112,500 at 3.58%$510.21
112,500 at 3.59%$510.84
112,500 at 3.6%$511.48
112,500 at 3.61%$512.11
112,500 at 3.62%$512.74
112,500 at 3.63%$513.37
112,500 at 3.64%$514.01
112,500 at 3.65%$514.64
112,500 at 3.66%$515.28
112,500 at 3.67%$515.91
112,500 at 3.68%$516.55
112,500 at 3.69%$517.18
112,500 at 3.7%$517.82
112,500 at 3.71%$518.45
112,500 at 3.72%$519.09
112,500 at 3.73%$519.73
112,500 at 3.74%$520.37
112,500 at 3.75%$521.01
112,500 at 3.76%$521.64
112,500 at 3.77%$522.28
112,500 at 3.78%$522.92
112,500 at 3.79%$523.56
112,500 at 3.8%$524.20
112,500 at 3.81%$524.84
112,500 at 3.82%$525.48
112,500 at 3.83%$526.13
112,500 at 3.84%$526.77
112,500 at 3.85%$527.41
112,500 at 3.86%$528.05
112,500 at 3.87%$528.70
112,500 at 3.88%$529.34
112,500 at 3.89%$529.98
112,500 at 3.9%$530.63
112,500 at 3.91%$531.27
112,500 at 3.92%$531.92
112,500 at 3.93%$532.56
112,500 at 3.94%$533.21
112,500 at 3.95%$533.85
112,500 at 3.96%$534.50
112,500 at 3.97%$535.15
112,500 at 3.98%$535.80
112,500 at 3.99%$536.44
112,500 at 4%$537.09
112,500 at 4.01%$537.74
112,500 at 4.02%$538.39
112,500 at 4.03%$539.04
112,500 at 4.04%$539.69
112,500 at 4.05%$540.34
112,500 at 4.06%$540.99
112,500 at 4.07%$541.64
112,500 at 4.08%$542.29
112,500 at 4.09%$542.95
112,500 at 4.1%$543.60
112,500 at 4.11%$544.25
112,500 at 4.12%$544.90
112,500 at 4.13%$545.56
112,500 at 4.14%$546.21
112,500 at 4.15%$546.87
112,500 at 4.16%$547.52
112,500 at 4.17%$548.18
112,500 at 4.18%$548.83
112,500 at 4.19%$549.49
112,500 at 4.2%$550.14
112,500 at 4.21%$550.80
112,500 at 4.22%$551.46
112,500 at 4.23%$552.12
112,500 at 4.24%$552.77
112,500 at 4.25%$553.43
112,500 at 4.26%$554.09
112,500 at 4.27%$554.75
112,500 at 4.28%$555.41
112,500 at 4.29%$556.07
112,500 at 4.3%$556.73
112,500 at 4.31%$557.39
112,500 at 4.32%$558.05
112,500 at 4.33%$558.71
112,500 at 4.34%$559.38
112,500 at 4.35%$560.04
112,500 at 4.36%$560.70
112,500 at 4.37%$561.36
112,500 at 4.38%$562.03
112,500 at 4.39%$562.69
112,500 at 4.4%$563.36
112,500 at 4.41%$564.02
112,500 at 4.42%$564.69
112,500 at 4.43%$565.35
112,500 at 4.44%$566.02
112,500 at 4.45%$566.68
112,500 at 4.46%$567.35
112,500 at 4.47%$568.02
112,500 at 4.48%$568.68
112,500 at 4.49%$569.35
112,500 at 4.5%$570.02
112,500 at 4.51%$570.69
112,500 at 4.52%$571.36
112,500 at 4.53%$572.03
112,500 at 4.54%$572.70
112,500 at 4.55%$573.37
112,500 at 4.56%$574.04
112,500 at 4.57%$574.71
112,500 at 4.58%$575.38
112,500 at 4.59%$576.05
112,500 at 4.6%$576.72
112,500 at 4.61%$577.40
112,500 at 4.62%$578.07
112,500 at 4.63%$578.74
112,500 at 4.64%$579.42
112,500 at 4.65%$580.09
112,500 at 4.66%$580.77
112,500 at 4.67%$581.44
112,500 at 4.68%$582.12
112,500 at 4.69%$582.79
112,500 at 4.7%$583.47
112,500 at 4.71%$584.14
112,500 at 4.72%$584.82
112,500 at 4.73%$585.50
112,500 at 4.74%$586.18
112,500 at 4.75%$586.85
112,500 at 4.76%$587.53
112,500 at 4.77%$588.21
112,500 at 4.78%$588.89
112,500 at 4.79%$589.57
112,500 at 4.8%$590.25
112,500 at 4.81%$590.93
112,500 at 4.82%$591.61
112,500 at 4.83%$592.29
112,500 at 4.84%$592.97
112,500 at 4.85%$593.65
112,500 at 4.86%$594.34
112,500 at 4.87%$595.02
112,500 at 4.88%$595.70
112,500 at 4.89%$596.38
112,500 at 4.9%$597.07
112,500 at 4.91%$597.75
112,500 at 4.92%$598.44
112,500 at 4.93%$599.12
112,500 at 4.94%$599.81
112,500 at 4.95%$600.49
112,500 at 4.96%$601.18
112,500 at 4.97%$601.86
112,500 at 4.98%$602.55
112,500 at 4.99%$603.24
112,500 at 5%$603.92
Interest Rate 30 Year
112,500 at 5.01%$604.61
112,500 at 5.02%$605.30
112,500 at 5.03%$605.99
112,500 at 5.04%$606.68
112,500 at 5.05%$607.37
112,500 at 5.06%$608.06
112,500 at 5.07%$608.75
112,500 at 5.08%$609.44
112,500 at 5.09%$610.13
112,500 at 5.1%$610.82
112,500 at 5.11%$611.51
112,500 at 5.12%$612.20
112,500 at 5.13%$612.89
112,500 at 5.14%$613.59
112,500 at 5.15%$614.28
112,500 at 5.16%$614.97
112,500 at 5.17%$615.67
112,500 at 5.18%$616.36
112,500 at 5.19%$617.05
112,500 at 5.2%$617.75
112,500 at 5.21%$618.44
112,500 at 5.22%$619.14
112,500 at 5.23%$619.84
112,500 at 5.24%$620.53
112,500 at 5.25%$621.23
112,500 at 5.26%$621.93
112,500 at 5.27%$622.62
112,500 at 5.28%$623.32
112,500 at 5.29%$624.02
112,500 at 5.3%$624.72
112,500 at 5.31%$625.42
112,500 at 5.32%$626.12
112,500 at 5.33%$626.82
112,500 at 5.34%$627.52
112,500 at 5.35%$628.22
112,500 at 5.36%$628.92
112,500 at 5.37%$629.62
112,500 at 5.38%$630.32
112,500 at 5.39%$631.02
112,500 at 5.4%$631.72
112,500 at 5.41%$632.42
112,500 at 5.42%$633.13
112,500 at 5.43%$633.83
112,500 at 5.44%$634.53
112,500 at 5.45%$635.24
112,500 at 5.46%$635.94
112,500 at 5.47%$636.65
112,500 at 5.48%$637.35
112,500 at 5.49%$638.06
112,500 at 5.5%$638.76
112,500 at 5.51%$639.47
112,500 at 5.52%$640.18
112,500 at 5.53%$640.88
112,500 at 5.54%$641.59
112,500 at 5.55%$642.30
112,500 at 5.56%$643.00
112,500 at 5.57%$643.71
112,500 at 5.58%$644.42
112,500 at 5.59%$645.13
112,500 at 5.6%$645.84
112,500 at 5.61%$646.55
112,500 at 5.62%$647.26
112,500 at 5.63%$647.97
112,500 at 5.64%$648.68
112,500 at 5.65%$649.39
112,500 at 5.66%$650.10
112,500 at 5.67%$650.81
112,500 at 5.68%$651.53
112,500 at 5.69%$652.24
112,500 at 5.7%$652.95
112,500 at 5.71%$653.66
112,500 at 5.72%$654.38
112,500 at 5.73%$655.09
112,500 at 5.74%$655.80
112,500 at 5.75%$656.52
112,500 at 5.76%$657.23
112,500 at 5.77%$657.95
112,500 at 5.78%$658.67
112,500 at 5.79%$659.38
112,500 at 5.8%$660.10
112,500 at 5.81%$660.81
112,500 at 5.82%$661.53
112,500 at 5.83%$662.25
112,500 at 5.84%$662.97
112,500 at 5.85%$663.68
112,500 at 5.86%$664.40
112,500 at 5.87%$665.12
112,500 at 5.88%$665.84
112,500 at 5.89%$666.56
112,500 at 5.9%$667.28
112,500 at 5.91%$668.00
112,500 at 5.92%$668.72
112,500 at 5.93%$669.44
112,500 at 5.94%$670.16
112,500 at 5.95%$670.88
112,500 at 5.96%$671.60
112,500 at 5.97%$672.33
112,500 at 5.98%$673.05
112,500 at 5.99%$673.77
112,500 at 6%$674.49
112,500 at 6.01%$675.22
112,500 at 6.02%$675.94
112,500 at 6.03%$676.67
112,500 at 6.04%$677.39
112,500 at 6.05%$678.12
112,500 at 6.06%$678.84
112,500 at 6.07%$679.57
112,500 at 6.08%$680.29
112,500 at 6.09%$681.02
112,500 at 6.1%$681.74
112,500 at 6.11%$682.47
112,500 at 6.12%$683.20
112,500 at 6.13%$683.93
112,500 at 6.14%$684.65
112,500 at 6.15%$685.38
112,500 at 6.16%$686.11
112,500 at 6.17%$686.84
112,500 at 6.18%$687.57
112,500 at 6.19%$688.30
112,500 at 6.2%$689.03
112,500 at 6.21%$689.76
112,500 at 6.22%$690.49
112,500 at 6.23%$691.22
112,500 at 6.24%$691.95
112,500 at 6.25%$692.68
112,500 at 6.26%$693.41
112,500 at 6.27%$694.15
112,500 at 6.28%$694.88
112,500 at 6.29%$695.61
112,500 at 6.3%$696.34
112,500 at 6.31%$697.08
112,500 at 6.32%$697.81
112,500 at 6.33%$698.55
112,500 at 6.34%$699.28
112,500 at 6.35%$700.02
112,500 at 6.36%$700.75
112,500 at 6.37%$701.49
112,500 at 6.38%$702.22
112,500 at 6.39%$702.96
112,500 at 6.4%$703.69
112,500 at 6.41%$704.43
112,500 at 6.42%$705.17
112,500 at 6.43%$705.91
112,500 at 6.44%$706.64
112,500 at 6.45%$707.38
112,500 at 6.46%$708.12
112,500 at 6.47%$708.86
112,500 at 6.48%$709.60
112,500 at 6.49%$710.34
112,500 at 6.5%$711.08
Interest Rate 30 Year
112,500 at 6.51%$711.82
112,500 at 6.52%$712.56
112,500 at 6.53%$713.30
112,500 at 6.54%$714.04
112,500 at 6.55%$714.78
112,500 at 6.56%$715.52
112,500 at 6.57%$716.26
112,500 at 6.58%$717.01
112,500 at 6.59%$717.75
112,500 at 6.6%$718.49
112,500 at 6.61%$719.23
112,500 at 6.62%$719.98
112,500 at 6.63%$720.72
112,500 at 6.64%$721.47
112,500 at 6.65%$722.21
112,500 at 6.66%$722.96
112,500 at 6.67%$723.70
112,500 at 6.68%$724.45
112,500 at 6.69%$725.19
112,500 at 6.7%$725.94
112,500 at 6.71%$726.68
112,500 at 6.72%$727.43
112,500 at 6.73%$728.18
112,500 at 6.74%$728.93
112,500 at 6.75%$729.67
112,500 at 6.76%$730.42
112,500 at 6.77%$731.17
112,500 at 6.78%$731.92
112,500 at 6.79%$732.67
112,500 at 6.8%$733.42
112,500 at 6.81%$734.17
112,500 at 6.82%$734.92
112,500 at 6.83%$735.67
112,500 at 6.84%$736.42
112,500 at 6.85%$737.17
112,500 at 6.86%$737.92
112,500 at 6.87%$738.67
112,500 at 6.88%$739.42
112,500 at 6.89%$740.17
112,500 at 6.9%$740.93
112,500 at 6.91%$741.68
112,500 at 6.92%$742.43
112,500 at 6.93%$743.18
112,500 at 6.94%$743.94
112,500 at 6.95%$744.69
112,500 at 6.96%$745.45
112,500 at 6.97%$746.20
112,500 at 6.98%$746.95
112,500 at 6.99%$747.71
112,500 at 7%$748.47
112,500 at 7.01%$749.22
112,500 at 7.02%$749.98
112,500 at 7.03%$750.73
112,500 at 7.04%$751.49
112,500 at 7.05%$752.25
112,500 at 7.06%$753.00
112,500 at 7.07%$753.76
112,500 at 7.08%$754.52
112,500 at 7.09%$755.28
112,500 at 7.1%$756.04
112,500 at 7.11%$756.79
112,500 at 7.12%$757.55
112,500 at 7.13%$758.31
112,500 at 7.14%$759.07
112,500 at 7.15%$759.83
112,500 at 7.16%$760.59
112,500 at 7.17%$761.35
112,500 at 7.18%$762.11
112,500 at 7.19%$762.88
112,500 at 7.2%$763.64
112,500 at 7.21%$764.40
112,500 at 7.22%$765.16
112,500 at 7.23%$765.92
112,500 at 7.24%$766.69
112,500 at 7.25%$767.45
112,500 at 7.26%$768.21
112,500 at 7.27%$768.98
112,500 at 7.28%$769.74
112,500 at 7.29%$770.50
112,500 at 7.3%$771.27
112,500 at 7.31%$772.03
112,500 at 7.32%$772.80
112,500 at 7.33%$773.56
112,500 at 7.34%$774.33
112,500 at 7.35%$775.09
112,500 at 7.36%$775.86
112,500 at 7.37%$776.63
112,500 at 7.38%$777.39
112,500 at 7.39%$778.16
112,500 at 7.4%$778.93
112,500 at 7.41%$779.69
112,500 at 7.42%$780.46
112,500 at 7.43%$781.23
112,500 at 7.44%$782.00
112,500 at 7.45%$782.77
112,500 at 7.46%$783.54
112,500 at 7.47%$784.31
112,500 at 7.48%$785.08
112,500 at 7.49%$785.85
112,500 at 7.5%$786.62
112,500 at 7.51%$787.39
112,500 at 7.52%$788.16
112,500 at 7.53%$788.93
112,500 at 7.54%$789.70
112,500 at 7.55%$790.47
112,500 at 7.56%$791.24
112,500 at 7.57%$792.02
112,500 at 7.58%$792.79
112,500 at 7.59%$793.56
112,500 at 7.6%$794.33
112,500 at 7.61%$795.11
112,500 at 7.62%$795.88
112,500 at 7.63%$796.65
112,500 at 7.64%$797.43
112,500 at 7.65%$798.20
112,500 at 7.66%$798.98
112,500 at 7.67%$799.75
112,500 at 7.68%$800.53
112,500 at 7.69%$801.30
112,500 at 7.7%$802.08
112,500 at 7.71%$802.86
112,500 at 7.72%$803.63
112,500 at 7.73%$804.41
112,500 at 7.74%$805.19
112,500 at 7.75%$805.96
112,500 at 7.76%$806.74
112,500 at 7.77%$807.52
112,500 at 7.78%$808.30
112,500 at 7.79%$809.08
112,500 at 7.8%$809.85
112,500 at 7.81%$810.63
112,500 at 7.82%$811.41
112,500 at 7.83%$812.19
112,500 at 7.84%$812.97
112,500 at 7.85%$813.75
112,500 at 7.86%$814.53
112,500 at 7.87%$815.31
112,500 at 7.88%$816.09
112,500 at 7.89%$816.87
112,500 at 7.9%$817.66
112,500 at 7.91%$818.44
112,500 at 7.92%$819.22
112,500 at 7.93%$820.00
112,500 at 7.94%$820.78
112,500 at 7.95%$821.57
112,500 at 7.96%$822.35
112,500 at 7.97%$823.13
112,500 at 7.98%$823.92
112,500 at 7.99%$824.70
112,500 at 8%$825.49
More Amounts
What is the down payment for a $112,500 house? How much do you need to put down?
Percent Down Down Payment
1%1,125
2%2,250
3%3,375
4%4,500
5%5,625
6%6,750
7%7,875
8%9,000
9%10,125
10%11,250
11%12,375
12%13,500
13%14,625
14%15,750
15%16,875
16%18,000
17%19,125
18%20,250
19%21,375
20%22,500
Percent Down Down Payment
21%23,625
22%24,750
23%25,875
24%27,000
25%28,125
26%29,250
27%30,375
28%31,500
29%32,625
30%33,750
31%34,875
32%36,000
33%37,125
34%38,250
35%39,375
36%40,500
37%41,625
38%42,750
39%43,875
40%45,000
Percent Down Down Payment
41%46,125
42%47,250
43%48,375
44%49,500
45%50,625
46%51,750
47%52,875
48%54,000
49%55,125
50%56,250
51%57,375
52%58,500
53%59,625
54%60,750
55%61,875
56%63,000
57%64,125
58%65,250
59%66,375
60%67,500
Percent Down Down Payment
61%68,625
62%69,750
63%70,875
64%72,000
65%73,125
66%74,250
67%75,375
68%76,500
69%77,625
70%78,750
71%79,875
72%81,000
73%82,125
74%83,250
75%84,375
76%85,500
77%86,625
78%87,750
79%88,875
80%90,000
Percent Down Down Payment
81%91,125
82%92,250
83%93,375
84%94,500
85%95,625
86%96,750
87%97,875
88%99,000
89%100,125
90%101,250
91%102,375
92%103,500
93%104,625
94%105,750
95%106,875
96%108,000
97%109,125
98%110,250
99%111,375
100%112,500
Common Loan Vocabulary Terms
APR Annual Percentage Rate, the annual cost of borrowing or lending money.
PMI Private Mortgage Insurance. A downpayment less than 20% often requires that the borrower purchase PMI. This increases the overall monthly payment.
Property Taxes Taxes charged by the local government to the owner of the property. This is often charged as a percentage of the assessed value of the property.
Insurance Home insurance protects your property against damage. Flood insurance is often recommended for some areas of the country. Individuals with a high net worth might consider an umbrella policy.
HOA Homeowners' Association. Usually part of a condo development or subdivision. The HOA often sets the rules, takes care of common maintenance, and charges a fee.
Mortgage Refinance After mortgage rates have decreased, it is often possible to get a new mortgage at a lower rate. This is a loan refinance and can save lots of money.