$113,500 Mortgage for 30 Years

What is the monthly payment of a 113,500 dollar loan?
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Loan Tables for a $113,500 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 114k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $113,500 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
113,500 at 2.01%$420.09
113,500 at 2.02%$420.65
113,500 at 2.03%$421.22
113,500 at 2.04%$421.79
113,500 at 2.05%$422.36
113,500 at 2.06%$422.93
113,500 at 2.07%$423.50
113,500 at 2.08%$424.07
113,500 at 2.09%$424.64
113,500 at 2.1%$425.22
113,500 at 2.11%$425.79
113,500 at 2.12%$426.36
113,500 at 2.13%$426.94
113,500 at 2.14%$427.51
113,500 at 2.15%$428.08
113,500 at 2.16%$428.66
113,500 at 2.17%$429.23
113,500 at 2.18%$429.81
113,500 at 2.19%$430.38
113,500 at 2.2%$430.96
113,500 at 2.21%$431.54
113,500 at 2.22%$432.11
113,500 at 2.23%$432.69
113,500 at 2.24%$433.27
113,500 at 2.25%$433.85
113,500 at 2.26%$434.43
113,500 at 2.27%$435.01
113,500 at 2.28%$435.59
113,500 at 2.29%$436.17
113,500 at 2.3%$436.75
113,500 at 2.31%$437.33
113,500 at 2.32%$437.91
113,500 at 2.33%$438.49
113,500 at 2.34%$439.08
113,500 at 2.35%$439.66
113,500 at 2.36%$440.24
113,500 at 2.37%$440.83
113,500 at 2.38%$441.41
113,500 at 2.39%$442.00
113,500 at 2.4%$442.58
113,500 at 2.41%$443.17
113,500 at 2.42%$443.76
113,500 at 2.43%$444.34
113,500 at 2.44%$444.93
113,500 at 2.45%$445.52
113,500 at 2.46%$446.11
113,500 at 2.47%$446.69
113,500 at 2.48%$447.28
113,500 at 2.49%$447.87
113,500 at 2.5%$448.46
113,500 at 2.51%$449.05
113,500 at 2.52%$449.64
113,500 at 2.53%$450.23
113,500 at 2.54%$450.83
113,500 at 2.55%$451.42
113,500 at 2.56%$452.01
113,500 at 2.57%$452.60
113,500 at 2.58%$453.20
113,500 at 2.59%$453.79
113,500 at 2.6%$454.39
113,500 at 2.61%$454.98
113,500 at 2.62%$455.58
113,500 at 2.63%$456.17
113,500 at 2.64%$456.77
113,500 at 2.65%$457.36
113,500 at 2.66%$457.96
113,500 at 2.67%$458.56
113,500 at 2.68%$459.16
113,500 at 2.69%$459.75
113,500 at 2.7%$460.35
113,500 at 2.71%$460.95
113,500 at 2.72%$461.55
113,500 at 2.73%$462.15
113,500 at 2.74%$462.75
113,500 at 2.75%$463.35
113,500 at 2.76%$463.96
113,500 at 2.77%$464.56
113,500 at 2.78%$465.16
113,500 at 2.79%$465.76
113,500 at 2.8%$466.37
113,500 at 2.81%$466.97
113,500 at 2.82%$467.57
113,500 at 2.83%$468.18
113,500 at 2.84%$468.78
113,500 at 2.85%$469.39
113,500 at 2.86%$469.99
113,500 at 2.87%$470.60
113,500 at 2.88%$471.21
113,500 at 2.89%$471.81
113,500 at 2.9%$472.42
113,500 at 2.91%$473.03
113,500 at 2.92%$473.64
113,500 at 2.93%$474.25
113,500 at 2.94%$474.86
113,500 at 2.95%$475.47
113,500 at 2.96%$476.08
113,500 at 2.97%$476.69
113,500 at 2.98%$477.30
113,500 at 2.99%$477.91
113,500 at 3%$478.52
113,500 at 3.01%$479.13
113,500 at 3.02%$479.75
113,500 at 3.03%$480.36
113,500 at 3.04%$480.97
113,500 at 3.05%$481.59
113,500 at 3.06%$482.20
113,500 at 3.07%$482.82
113,500 at 3.08%$483.43
113,500 at 3.09%$484.05
113,500 at 3.1%$484.66
113,500 at 3.11%$485.28
113,500 at 3.12%$485.90
113,500 at 3.13%$486.51
113,500 at 3.14%$487.13
113,500 at 3.15%$487.75
113,500 at 3.16%$488.37
113,500 at 3.17%$488.99
113,500 at 3.18%$489.61
113,500 at 3.19%$490.23
113,500 at 3.2%$490.85
113,500 at 3.21%$491.47
113,500 at 3.22%$492.09
113,500 at 3.23%$492.71
113,500 at 3.24%$493.34
113,500 at 3.25%$493.96
113,500 at 3.26%$494.58
113,500 at 3.27%$495.21
113,500 at 3.28%$495.83
113,500 at 3.29%$496.45
113,500 at 3.3%$497.08
113,500 at 3.31%$497.70
113,500 at 3.32%$498.33
113,500 at 3.33%$498.96
113,500 at 3.34%$499.58
113,500 at 3.35%$500.21
113,500 at 3.36%$500.84
113,500 at 3.37%$501.47
113,500 at 3.38%$502.09
113,500 at 3.39%$502.72
113,500 at 3.4%$503.35
113,500 at 3.41%$503.98
113,500 at 3.42%$504.61
113,500 at 3.43%$505.24
113,500 at 3.44%$505.87
113,500 at 3.45%$506.50
113,500 at 3.46%$507.13
113,500 at 3.47%$507.77
113,500 at 3.48%$508.40
113,500 at 3.49%$509.03
113,500 at 3.5%$509.67
Interest Rate 30 Year
113,500 at 3.51%$510.30
113,500 at 3.52%$510.93
113,500 at 3.53%$511.57
113,500 at 3.54%$512.20
113,500 at 3.55%$512.84
113,500 at 3.56%$513.47
113,500 at 3.57%$514.11
113,500 at 3.58%$514.75
113,500 at 3.59%$515.38
113,500 at 3.6%$516.02
113,500 at 3.61%$516.66
113,500 at 3.62%$517.30
113,500 at 3.63%$517.94
113,500 at 3.64%$518.58
113,500 at 3.65%$519.22
113,500 at 3.66%$519.86
113,500 at 3.67%$520.50
113,500 at 3.68%$521.14
113,500 at 3.69%$521.78
113,500 at 3.7%$522.42
113,500 at 3.71%$523.06
113,500 at 3.72%$523.71
113,500 at 3.73%$524.35
113,500 at 3.74%$524.99
113,500 at 3.75%$525.64
113,500 at 3.76%$526.28
113,500 at 3.77%$526.93
113,500 at 3.78%$527.57
113,500 at 3.79%$528.22
113,500 at 3.8%$528.86
113,500 at 3.81%$529.51
113,500 at 3.82%$530.15
113,500 at 3.83%$530.80
113,500 at 3.84%$531.45
113,500 at 3.85%$532.10
113,500 at 3.86%$532.75
113,500 at 3.87%$533.39
113,500 at 3.88%$534.04
113,500 at 3.89%$534.69
113,500 at 3.9%$535.34
113,500 at 3.91%$535.99
113,500 at 3.92%$536.64
113,500 at 3.93%$537.30
113,500 at 3.94%$537.95
113,500 at 3.95%$538.60
113,500 at 3.96%$539.25
113,500 at 3.97%$539.91
113,500 at 3.98%$540.56
113,500 at 3.99%$541.21
113,500 at 4%$541.87
113,500 at 4.01%$542.52
113,500 at 4.02%$543.18
113,500 at 4.03%$543.83
113,500 at 4.04%$544.49
113,500 at 4.05%$545.14
113,500 at 4.06%$545.80
113,500 at 4.07%$546.46
113,500 at 4.08%$547.11
113,500 at 4.09%$547.77
113,500 at 4.1%$548.43
113,500 at 4.11%$549.09
113,500 at 4.12%$549.75
113,500 at 4.13%$550.41
113,500 at 4.14%$551.07
113,500 at 4.15%$551.73
113,500 at 4.16%$552.39
113,500 at 4.17%$553.05
113,500 at 4.18%$553.71
113,500 at 4.19%$554.37
113,500 at 4.2%$555.03
113,500 at 4.21%$555.70
113,500 at 4.22%$556.36
113,500 at 4.23%$557.02
113,500 at 4.24%$557.69
113,500 at 4.25%$558.35
113,500 at 4.26%$559.02
113,500 at 4.27%$559.68
113,500 at 4.28%$560.35
113,500 at 4.29%$561.01
113,500 at 4.3%$561.68
113,500 at 4.31%$562.35
113,500 at 4.32%$563.01
113,500 at 4.33%$563.68
113,500 at 4.34%$564.35
113,500 at 4.35%$565.02
113,500 at 4.36%$565.69
113,500 at 4.37%$566.35
113,500 at 4.38%$567.02
113,500 at 4.39%$567.69
113,500 at 4.4%$568.36
113,500 at 4.41%$569.03
113,500 at 4.42%$569.71
113,500 at 4.43%$570.38
113,500 at 4.44%$571.05
113,500 at 4.45%$571.72
113,500 at 4.46%$572.39
113,500 at 4.47%$573.07
113,500 at 4.48%$573.74
113,500 at 4.49%$574.41
113,500 at 4.5%$575.09
113,500 at 4.51%$575.76
113,500 at 4.52%$576.44
113,500 at 4.53%$577.11
113,500 at 4.54%$577.79
113,500 at 4.55%$578.46
113,500 at 4.56%$579.14
113,500 at 4.57%$579.82
113,500 at 4.58%$580.50
113,500 at 4.59%$581.17
113,500 at 4.6%$581.85
113,500 at 4.61%$582.53
113,500 at 4.62%$583.21
113,500 at 4.63%$583.89
113,500 at 4.64%$584.57
113,500 at 4.65%$585.25
113,500 at 4.66%$585.93
113,500 at 4.67%$586.61
113,500 at 4.68%$587.29
113,500 at 4.69%$587.97
113,500 at 4.7%$588.65
113,500 at 4.71%$589.34
113,500 at 4.72%$590.02
113,500 at 4.73%$590.70
113,500 at 4.74%$591.39
113,500 at 4.75%$592.07
113,500 at 4.76%$592.75
113,500 at 4.77%$593.44
113,500 at 4.78%$594.12
113,500 at 4.79%$594.81
113,500 at 4.8%$595.50
113,500 at 4.81%$596.18
113,500 at 4.82%$596.87
113,500 at 4.83%$597.56
113,500 at 4.84%$598.24
113,500 at 4.85%$598.93
113,500 at 4.86%$599.62
113,500 at 4.87%$600.31
113,500 at 4.88%$601.00
113,500 at 4.89%$601.69
113,500 at 4.9%$602.37
113,500 at 4.91%$603.06
113,500 at 4.92%$603.76
113,500 at 4.93%$604.45
113,500 at 4.94%$605.14
113,500 at 4.95%$605.83
113,500 at 4.96%$606.52
113,500 at 4.97%$607.21
113,500 at 4.98%$607.91
113,500 at 4.99%$608.60
113,500 at 5%$609.29
Interest Rate 30 Year
113,500 at 5.01%$609.99
113,500 at 5.02%$610.68
113,500 at 5.03%$611.38
113,500 at 5.04%$612.07
113,500 at 5.05%$612.77
113,500 at 5.06%$613.46
113,500 at 5.07%$614.16
113,500 at 5.08%$614.85
113,500 at 5.09%$615.55
113,500 at 5.1%$616.25
113,500 at 5.11%$616.95
113,500 at 5.12%$617.64
113,500 at 5.13%$618.34
113,500 at 5.14%$619.04
113,500 at 5.15%$619.74
113,500 at 5.16%$620.44
113,500 at 5.17%$621.14
113,500 at 5.18%$621.84
113,500 at 5.19%$622.54
113,500 at 5.2%$623.24
113,500 at 5.21%$623.94
113,500 at 5.22%$624.64
113,500 at 5.23%$625.35
113,500 at 5.24%$626.05
113,500 at 5.25%$626.75
113,500 at 5.26%$627.45
113,500 at 5.27%$628.16
113,500 at 5.28%$628.86
113,500 at 5.29%$629.57
113,500 at 5.3%$630.27
113,500 at 5.31%$630.98
113,500 at 5.32%$631.68
113,500 at 5.33%$632.39
113,500 at 5.34%$633.09
113,500 at 5.35%$633.80
113,500 at 5.36%$634.51
113,500 at 5.37%$635.21
113,500 at 5.38%$635.92
113,500 at 5.39%$636.63
113,500 at 5.4%$637.34
113,500 at 5.41%$638.05
113,500 at 5.42%$638.76
113,500 at 5.43%$639.46
113,500 at 5.44%$640.17
113,500 at 5.45%$640.88
113,500 at 5.46%$641.59
113,500 at 5.47%$642.31
113,500 at 5.48%$643.02
113,500 at 5.49%$643.73
113,500 at 5.5%$644.44
113,500 at 5.51%$645.15
113,500 at 5.52%$645.87
113,500 at 5.53%$646.58
113,500 at 5.54%$647.29
113,500 at 5.55%$648.01
113,500 at 5.56%$648.72
113,500 at 5.57%$649.43
113,500 at 5.58%$650.15
113,500 at 5.59%$650.86
113,500 at 5.6%$651.58
113,500 at 5.61%$652.30
113,500 at 5.62%$653.01
113,500 at 5.63%$653.73
113,500 at 5.64%$654.45
113,500 at 5.65%$655.16
113,500 at 5.66%$655.88
113,500 at 5.67%$656.60
113,500 at 5.68%$657.32
113,500 at 5.69%$658.04
113,500 at 5.7%$658.75
113,500 at 5.71%$659.47
113,500 at 5.72%$660.19
113,500 at 5.73%$660.91
113,500 at 5.74%$661.63
113,500 at 5.75%$662.36
113,500 at 5.76%$663.08
113,500 at 5.77%$663.80
113,500 at 5.78%$664.52
113,500 at 5.79%$665.24
113,500 at 5.8%$665.96
113,500 at 5.81%$666.69
113,500 at 5.82%$667.41
113,500 at 5.83%$668.13
113,500 at 5.84%$668.86
113,500 at 5.85%$669.58
113,500 at 5.86%$670.31
113,500 at 5.87%$671.03
113,500 at 5.88%$671.76
113,500 at 5.89%$672.48
113,500 at 5.9%$673.21
113,500 at 5.91%$673.94
113,500 at 5.92%$674.66
113,500 at 5.93%$675.39
113,500 at 5.94%$676.12
113,500 at 5.95%$676.85
113,500 at 5.96%$677.57
113,500 at 5.97%$678.30
113,500 at 5.98%$679.03
113,500 at 5.99%$679.76
113,500 at 6%$680.49
113,500 at 6.01%$681.22
113,500 at 6.02%$681.95
113,500 at 6.03%$682.68
113,500 at 6.04%$683.41
113,500 at 6.05%$684.14
113,500 at 6.06%$684.87
113,500 at 6.07%$685.61
113,500 at 6.08%$686.34
113,500 at 6.09%$687.07
113,500 at 6.1%$687.80
113,500 at 6.11%$688.54
113,500 at 6.12%$689.27
113,500 at 6.13%$690.00
113,500 at 6.14%$690.74
113,500 at 6.15%$691.47
113,500 at 6.16%$692.21
113,500 at 6.17%$692.94
113,500 at 6.18%$693.68
113,500 at 6.19%$694.42
113,500 at 6.2%$695.15
113,500 at 6.21%$695.89
113,500 at 6.22%$696.63
113,500 at 6.23%$697.36
113,500 at 6.24%$698.10
113,500 at 6.25%$698.84
113,500 at 6.26%$699.58
113,500 at 6.27%$700.32
113,500 at 6.28%$701.06
113,500 at 6.29%$701.79
113,500 at 6.3%$702.53
113,500 at 6.31%$703.27
113,500 at 6.32%$704.01
113,500 at 6.33%$704.76
113,500 at 6.34%$705.50
113,500 at 6.35%$706.24
113,500 at 6.36%$706.98
113,500 at 6.37%$707.72
113,500 at 6.38%$708.46
113,500 at 6.39%$709.21
113,500 at 6.4%$709.95
113,500 at 6.41%$710.69
113,500 at 6.42%$711.44
113,500 at 6.43%$712.18
113,500 at 6.44%$712.92
113,500 at 6.45%$713.67
113,500 at 6.46%$714.41
113,500 at 6.47%$715.16
113,500 at 6.48%$715.90
113,500 at 6.49%$716.65
113,500 at 6.5%$717.40
Interest Rate 30 Year
113,500 at 6.51%$718.14
113,500 at 6.52%$718.89
113,500 at 6.53%$719.64
113,500 at 6.54%$720.39
113,500 at 6.55%$721.13
113,500 at 6.56%$721.88
113,500 at 6.57%$722.63
113,500 at 6.58%$723.38
113,500 at 6.59%$724.13
113,500 at 6.6%$724.88
113,500 at 6.61%$725.63
113,500 at 6.62%$726.38
113,500 at 6.63%$727.13
113,500 at 6.64%$727.88
113,500 at 6.65%$728.63
113,500 at 6.66%$729.38
113,500 at 6.67%$730.13
113,500 at 6.68%$730.89
113,500 at 6.69%$731.64
113,500 at 6.7%$732.39
113,500 at 6.71%$733.14
113,500 at 6.72%$733.90
113,500 at 6.73%$734.65
113,500 at 6.74%$735.40
113,500 at 6.75%$736.16
113,500 at 6.76%$736.91
113,500 at 6.77%$737.67
113,500 at 6.78%$738.42
113,500 at 6.79%$739.18
113,500 at 6.8%$739.94
113,500 at 6.81%$740.69
113,500 at 6.82%$741.45
113,500 at 6.83%$742.20
113,500 at 6.84%$742.96
113,500 at 6.85%$743.72
113,500 at 6.86%$744.48
113,500 at 6.87%$745.24
113,500 at 6.88%$745.99
113,500 at 6.89%$746.75
113,500 at 6.9%$747.51
113,500 at 6.91%$748.27
113,500 at 6.92%$749.03
113,500 at 6.93%$749.79
113,500 at 6.94%$750.55
113,500 at 6.95%$751.31
113,500 at 6.96%$752.07
113,500 at 6.97%$752.83
113,500 at 6.98%$753.59
113,500 at 6.99%$754.36
113,500 at 7%$755.12
113,500 at 7.01%$755.88
113,500 at 7.02%$756.64
113,500 at 7.03%$757.41
113,500 at 7.04%$758.17
113,500 at 7.05%$758.93
113,500 at 7.06%$759.70
113,500 at 7.07%$760.46
113,500 at 7.08%$761.23
113,500 at 7.09%$761.99
113,500 at 7.1%$762.76
113,500 at 7.11%$763.52
113,500 at 7.12%$764.29
113,500 at 7.13%$765.05
113,500 at 7.14%$765.82
113,500 at 7.15%$766.59
113,500 at 7.16%$767.35
113,500 at 7.17%$768.12
113,500 at 7.18%$768.89
113,500 at 7.19%$769.66
113,500 at 7.2%$770.42
113,500 at 7.21%$771.19
113,500 at 7.22%$771.96
113,500 at 7.23%$772.73
113,500 at 7.24%$773.50
113,500 at 7.25%$774.27
113,500 at 7.26%$775.04
113,500 at 7.27%$775.81
113,500 at 7.28%$776.58
113,500 at 7.29%$777.35
113,500 at 7.3%$778.12
113,500 at 7.31%$778.89
113,500 at 7.32%$779.67
113,500 at 7.33%$780.44
113,500 at 7.34%$781.21
113,500 at 7.35%$781.98
113,500 at 7.36%$782.76
113,500 at 7.37%$783.53
113,500 at 7.38%$784.30
113,500 at 7.39%$785.08
113,500 at 7.4%$785.85
113,500 at 7.41%$786.63
113,500 at 7.42%$787.40
113,500 at 7.43%$788.18
113,500 at 7.44%$788.95
113,500 at 7.45%$789.73
113,500 at 7.46%$790.50
113,500 at 7.47%$791.28
113,500 at 7.48%$792.05
113,500 at 7.49%$792.83
113,500 at 7.5%$793.61
113,500 at 7.51%$794.39
113,500 at 7.52%$795.16
113,500 at 7.53%$795.94
113,500 at 7.54%$796.72
113,500 at 7.55%$797.50
113,500 at 7.56%$798.28
113,500 at 7.57%$799.06
113,500 at 7.58%$799.84
113,500 at 7.59%$800.61
113,500 at 7.6%$801.39
113,500 at 7.61%$802.18
113,500 at 7.62%$802.96
113,500 at 7.63%$803.74
113,500 at 7.64%$804.52
113,500 at 7.65%$805.30
113,500 at 7.66%$806.08
113,500 at 7.67%$806.86
113,500 at 7.68%$807.64
113,500 at 7.69%$808.43
113,500 at 7.7%$809.21
113,500 at 7.71%$809.99
113,500 at 7.72%$810.78
113,500 at 7.73%$811.56
113,500 at 7.74%$812.34
113,500 at 7.75%$813.13
113,500 at 7.76%$813.91
113,500 at 7.77%$814.70
113,500 at 7.78%$815.48
113,500 at 7.79%$816.27
113,500 at 7.8%$817.05
113,500 at 7.81%$817.84
113,500 at 7.82%$818.63
113,500 at 7.83%$819.41
113,500 at 7.84%$820.20
113,500 at 7.85%$820.99
113,500 at 7.86%$821.77
113,500 at 7.87%$822.56
113,500 at 7.88%$823.35
113,500 at 7.89%$824.14
113,500 at 7.9%$824.92
113,500 at 7.91%$825.71
113,500 at 7.92%$826.50
113,500 at 7.93%$827.29
113,500 at 7.94%$828.08
113,500 at 7.95%$828.87
113,500 at 7.96%$829.66
113,500 at 7.97%$830.45
113,500 at 7.98%$831.24
113,500 at 7.99%$832.03
113,500 at 8%$832.82
More Amounts
What is the down payment for a $113,500 house? How much do you need to put down?
Percent Down Down Payment
1%1,135
2%2,270
3%3,405
4%4,540
5%5,675
6%6,810
7%7,945
8%9,080
9%10,215
10%11,350
11%12,485
12%13,620
13%14,755
14%15,890
15%17,025
16%18,160
17%19,295
18%20,430
19%21,565
20%22,700
Percent Down Down Payment
21%23,835
22%24,970
23%26,105
24%27,240
25%28,375
26%29,510
27%30,645
28%31,780
29%32,915
30%34,050
31%35,185
32%36,320
33%37,455
34%38,590
35%39,725
36%40,860
37%41,995
38%43,130
39%44,265
40%45,400
Percent Down Down Payment
41%46,535
42%47,670
43%48,805
44%49,940
45%51,075
46%52,210
47%53,345
48%54,480
49%55,615
50%56,750
51%57,885
52%59,020
53%60,155
54%61,290
55%62,425
56%63,560
57%64,695
58%65,830
59%66,965
60%68,100
Percent Down Down Payment
61%69,235
62%70,370
63%71,505
64%72,640
65%73,775
66%74,910
67%76,045
68%77,180
69%78,315
70%79,450
71%80,585
72%81,720
73%82,855
74%83,990
75%85,125
76%86,260
77%87,395
78%88,530
79%89,665
80%90,800
Percent Down Down Payment
81%91,935
82%93,070
83%94,205
84%95,340
85%96,475
86%97,610
87%98,745
88%99,880
89%101,015
90%102,150
91%103,285
92%104,420
93%105,555
94%106,690
95%107,825
96%108,960
97%110,095
98%111,230
99%112,365
100%113,500
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.