$114,700 Mortgage for 30 Years

What is the monthly payment of a 114,700 dollar loan?
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Loan Tables for a $114,700 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 115k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $114,700 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
114,700 at 2.01%$424.53
114,700 at 2.02%$425.10
114,700 at 2.03%$425.68
114,700 at 2.04%$426.25
114,700 at 2.05%$426.83
114,700 at 2.06%$427.40
114,700 at 2.07%$427.98
114,700 at 2.08%$428.56
114,700 at 2.09%$429.13
114,700 at 2.1%$429.71
114,700 at 2.11%$430.29
114,700 at 2.12%$430.87
114,700 at 2.13%$431.45
114,700 at 2.14%$432.03
114,700 at 2.15%$432.61
114,700 at 2.16%$433.19
114,700 at 2.17%$433.77
114,700 at 2.18%$434.35
114,700 at 2.19%$434.93
114,700 at 2.2%$435.52
114,700 at 2.21%$436.10
114,700 at 2.22%$436.68
114,700 at 2.23%$437.27
114,700 at 2.24%$437.85
114,700 at 2.25%$438.44
114,700 at 2.26%$439.02
114,700 at 2.27%$439.61
114,700 at 2.28%$440.19
114,700 at 2.29%$440.78
114,700 at 2.3%$441.37
114,700 at 2.31%$441.95
114,700 at 2.32%$442.54
114,700 at 2.33%$443.13
114,700 at 2.34%$443.72
114,700 at 2.35%$444.31
114,700 at 2.36%$444.90
114,700 at 2.37%$445.49
114,700 at 2.38%$446.08
114,700 at 2.39%$446.67
114,700 at 2.4%$447.26
114,700 at 2.41%$447.85
114,700 at 2.42%$448.45
114,700 at 2.43%$449.04
114,700 at 2.44%$449.63
114,700 at 2.45%$450.23
114,700 at 2.46%$450.82
114,700 at 2.47%$451.42
114,700 at 2.48%$452.01
114,700 at 2.49%$452.61
114,700 at 2.5%$453.20
114,700 at 2.51%$453.80
114,700 at 2.52%$454.40
114,700 at 2.53%$454.99
114,700 at 2.54%$455.59
114,700 at 2.55%$456.19
114,700 at 2.56%$456.79
114,700 at 2.57%$457.39
114,700 at 2.58%$457.99
114,700 at 2.59%$458.59
114,700 at 2.6%$459.19
114,700 at 2.61%$459.79
114,700 at 2.62%$460.39
114,700 at 2.63%$460.99
114,700 at 2.64%$461.60
114,700 at 2.65%$462.20
114,700 at 2.66%$462.80
114,700 at 2.67%$463.41
114,700 at 2.68%$464.01
114,700 at 2.69%$464.62
114,700 at 2.7%$465.22
114,700 at 2.71%$465.83
114,700 at 2.72%$466.43
114,700 at 2.73%$467.04
114,700 at 2.74%$467.65
114,700 at 2.75%$468.25
114,700 at 2.76%$468.86
114,700 at 2.77%$469.47
114,700 at 2.78%$470.08
114,700 at 2.79%$470.69
114,700 at 2.8%$471.30
114,700 at 2.81%$471.91
114,700 at 2.82%$472.52
114,700 at 2.83%$473.13
114,700 at 2.84%$473.74
114,700 at 2.85%$474.35
114,700 at 2.86%$474.96
114,700 at 2.87%$475.58
114,700 at 2.88%$476.19
114,700 at 2.89%$476.80
114,700 at 2.9%$477.42
114,700 at 2.91%$478.03
114,700 at 2.92%$478.65
114,700 at 2.93%$479.26
114,700 at 2.94%$479.88
114,700 at 2.95%$480.49
114,700 at 2.96%$481.11
114,700 at 2.97%$481.73
114,700 at 2.98%$482.34
114,700 at 2.99%$482.96
114,700 at 3%$483.58
114,700 at 3.01%$484.20
114,700 at 3.02%$484.82
114,700 at 3.03%$485.44
114,700 at 3.04%$486.06
114,700 at 3.05%$486.68
114,700 at 3.06%$487.30
114,700 at 3.07%$487.92
114,700 at 3.08%$488.54
114,700 at 3.09%$489.17
114,700 at 3.1%$489.79
114,700 at 3.11%$490.41
114,700 at 3.12%$491.03
114,700 at 3.13%$491.66
114,700 at 3.14%$492.28
114,700 at 3.15%$492.91
114,700 at 3.16%$493.53
114,700 at 3.17%$494.16
114,700 at 3.18%$494.79
114,700 at 3.19%$495.41
114,700 at 3.2%$496.04
114,700 at 3.21%$496.67
114,700 at 3.22%$497.30
114,700 at 3.23%$497.92
114,700 at 3.24%$498.55
114,700 at 3.25%$499.18
114,700 at 3.26%$499.81
114,700 at 3.27%$500.44
114,700 at 3.28%$501.07
114,700 at 3.29%$501.70
114,700 at 3.3%$502.33
114,700 at 3.31%$502.97
114,700 at 3.32%$503.60
114,700 at 3.33%$504.23
114,700 at 3.34%$504.86
114,700 at 3.35%$505.50
114,700 at 3.36%$506.13
114,700 at 3.37%$506.77
114,700 at 3.38%$507.40
114,700 at 3.39%$508.04
114,700 at 3.4%$508.67
114,700 at 3.41%$509.31
114,700 at 3.42%$509.95
114,700 at 3.43%$510.58
114,700 at 3.44%$511.22
114,700 at 3.45%$511.86
114,700 at 3.46%$512.50
114,700 at 3.47%$513.14
114,700 at 3.48%$513.77
114,700 at 3.49%$514.41
114,700 at 3.5%$515.05
Interest Rate 30 Year
114,700 at 3.51%$515.69
114,700 at 3.52%$516.34
114,700 at 3.53%$516.98
114,700 at 3.54%$517.62
114,700 at 3.55%$518.26
114,700 at 3.56%$518.90
114,700 at 3.57%$519.55
114,700 at 3.58%$520.19
114,700 at 3.59%$520.83
114,700 at 3.6%$521.48
114,700 at 3.61%$522.12
114,700 at 3.62%$522.77
114,700 at 3.63%$523.41
114,700 at 3.64%$524.06
114,700 at 3.65%$524.71
114,700 at 3.66%$525.35
114,700 at 3.67%$526.00
114,700 at 3.68%$526.65
114,700 at 3.69%$527.30
114,700 at 3.7%$527.94
114,700 at 3.71%$528.59
114,700 at 3.72%$529.24
114,700 at 3.73%$529.89
114,700 at 3.74%$530.54
114,700 at 3.75%$531.19
114,700 at 3.76%$531.84
114,700 at 3.77%$532.50
114,700 at 3.78%$533.15
114,700 at 3.79%$533.80
114,700 at 3.8%$534.45
114,700 at 3.81%$535.11
114,700 at 3.82%$535.76
114,700 at 3.83%$536.41
114,700 at 3.84%$537.07
114,700 at 3.85%$537.72
114,700 at 3.86%$538.38
114,700 at 3.87%$539.03
114,700 at 3.88%$539.69
114,700 at 3.89%$540.35
114,700 at 3.9%$541.00
114,700 at 3.91%$541.66
114,700 at 3.92%$542.32
114,700 at 3.93%$542.98
114,700 at 3.94%$543.64
114,700 at 3.95%$544.29
114,700 at 3.96%$544.95
114,700 at 3.97%$545.61
114,700 at 3.98%$546.27
114,700 at 3.99%$546.93
114,700 at 4%$547.60
114,700 at 4.01%$548.26
114,700 at 4.02%$548.92
114,700 at 4.03%$549.58
114,700 at 4.04%$550.24
114,700 at 4.05%$550.91
114,700 at 4.06%$551.57
114,700 at 4.07%$552.23
114,700 at 4.08%$552.90
114,700 at 4.09%$553.56
114,700 at 4.1%$554.23
114,700 at 4.11%$554.89
114,700 at 4.12%$555.56
114,700 at 4.13%$556.23
114,700 at 4.14%$556.89
114,700 at 4.15%$557.56
114,700 at 4.16%$558.23
114,700 at 4.17%$558.90
114,700 at 4.18%$559.56
114,700 at 4.19%$560.23
114,700 at 4.2%$560.90
114,700 at 4.21%$561.57
114,700 at 4.22%$562.24
114,700 at 4.23%$562.91
114,700 at 4.24%$563.58
114,700 at 4.25%$564.26
114,700 at 4.26%$564.93
114,700 at 4.27%$565.60
114,700 at 4.28%$566.27
114,700 at 4.29%$566.94
114,700 at 4.3%$567.62
114,700 at 4.31%$568.29
114,700 at 4.32%$568.97
114,700 at 4.33%$569.64
114,700 at 4.34%$570.31
114,700 at 4.35%$570.99
114,700 at 4.36%$571.67
114,700 at 4.37%$572.34
114,700 at 4.38%$573.02
114,700 at 4.39%$573.70
114,700 at 4.4%$574.37
114,700 at 4.41%$575.05
114,700 at 4.42%$575.73
114,700 at 4.43%$576.41
114,700 at 4.44%$577.09
114,700 at 4.45%$577.77
114,700 at 4.46%$578.45
114,700 at 4.47%$579.13
114,700 at 4.48%$579.81
114,700 at 4.49%$580.49
114,700 at 4.5%$581.17
114,700 at 4.51%$581.85
114,700 at 4.52%$582.53
114,700 at 4.53%$583.21
114,700 at 4.54%$583.90
114,700 at 4.55%$584.58
114,700 at 4.56%$585.26
114,700 at 4.57%$585.95
114,700 at 4.58%$586.63
114,700 at 4.59%$587.32
114,700 at 4.6%$588.00
114,700 at 4.61%$588.69
114,700 at 4.62%$589.37
114,700 at 4.63%$590.06
114,700 at 4.64%$590.75
114,700 at 4.65%$591.44
114,700 at 4.66%$592.12
114,700 at 4.67%$592.81
114,700 at 4.68%$593.50
114,700 at 4.69%$594.19
114,700 at 4.7%$594.88
114,700 at 4.71%$595.57
114,700 at 4.72%$596.26
114,700 at 4.73%$596.95
114,700 at 4.74%$597.64
114,700 at 4.75%$598.33
114,700 at 4.76%$599.02
114,700 at 4.77%$599.71
114,700 at 4.78%$600.41
114,700 at 4.79%$601.10
114,700 at 4.8%$601.79
114,700 at 4.81%$602.48
114,700 at 4.82%$603.18
114,700 at 4.83%$603.87
114,700 at 4.84%$604.57
114,700 at 4.85%$605.26
114,700 at 4.86%$605.96
114,700 at 4.87%$606.65
114,700 at 4.88%$607.35
114,700 at 4.89%$608.05
114,700 at 4.9%$608.74
114,700 at 4.91%$609.44
114,700 at 4.92%$610.14
114,700 at 4.93%$610.84
114,700 at 4.94%$611.54
114,700 at 4.95%$612.23
114,700 at 4.96%$612.93
114,700 at 4.97%$613.63
114,700 at 4.98%$614.33
114,700 at 4.99%$615.03
114,700 at 5%$615.73
Interest Rate 30 Year
114,700 at 5.01%$616.44
114,700 at 5.02%$617.14
114,700 at 5.03%$617.84
114,700 at 5.04%$618.54
114,700 at 5.05%$619.24
114,700 at 5.06%$619.95
114,700 at 5.07%$620.65
114,700 at 5.08%$621.35
114,700 at 5.09%$622.06
114,700 at 5.1%$622.76
114,700 at 5.11%$623.47
114,700 at 5.12%$624.17
114,700 at 5.13%$624.88
114,700 at 5.14%$625.59
114,700 at 5.15%$626.29
114,700 at 5.16%$627.00
114,700 at 5.17%$627.71
114,700 at 5.18%$628.41
114,700 at 5.19%$629.12
114,700 at 5.2%$629.83
114,700 at 5.21%$630.54
114,700 at 5.22%$631.25
114,700 at 5.23%$631.96
114,700 at 5.24%$632.67
114,700 at 5.25%$633.38
114,700 at 5.26%$634.09
114,700 at 5.27%$634.80
114,700 at 5.28%$635.51
114,700 at 5.29%$636.22
114,700 at 5.3%$636.93
114,700 at 5.31%$637.65
114,700 at 5.32%$638.36
114,700 at 5.33%$639.07
114,700 at 5.34%$639.79
114,700 at 5.35%$640.50
114,700 at 5.36%$641.21
114,700 at 5.37%$641.93
114,700 at 5.38%$642.64
114,700 at 5.39%$643.36
114,700 at 5.4%$644.08
114,700 at 5.41%$644.79
114,700 at 5.42%$645.51
114,700 at 5.43%$646.23
114,700 at 5.44%$646.94
114,700 at 5.45%$647.66
114,700 at 5.46%$648.38
114,700 at 5.47%$649.10
114,700 at 5.48%$649.82
114,700 at 5.49%$650.53
114,700 at 5.5%$651.25
114,700 at 5.51%$651.97
114,700 at 5.52%$652.69
114,700 at 5.53%$653.41
114,700 at 5.54%$654.14
114,700 at 5.55%$654.86
114,700 at 5.56%$655.58
114,700 at 5.57%$656.30
114,700 at 5.58%$657.02
114,700 at 5.59%$657.75
114,700 at 5.6%$658.47
114,700 at 5.61%$659.19
114,700 at 5.62%$659.92
114,700 at 5.63%$660.64
114,700 at 5.64%$661.36
114,700 at 5.65%$662.09
114,700 at 5.66%$662.81
114,700 at 5.67%$663.54
114,700 at 5.68%$664.27
114,700 at 5.69%$664.99
114,700 at 5.7%$665.72
114,700 at 5.71%$666.45
114,700 at 5.72%$667.17
114,700 at 5.73%$667.90
114,700 at 5.74%$668.63
114,700 at 5.75%$669.36
114,700 at 5.76%$670.09
114,700 at 5.77%$670.82
114,700 at 5.78%$671.55
114,700 at 5.79%$672.28
114,700 at 5.8%$673.01
114,700 at 5.81%$673.74
114,700 at 5.82%$674.47
114,700 at 5.83%$675.20
114,700 at 5.84%$675.93
114,700 at 5.85%$676.66
114,700 at 5.86%$677.39
114,700 at 5.87%$678.13
114,700 at 5.88%$678.86
114,700 at 5.89%$679.59
114,700 at 5.9%$680.33
114,700 at 5.91%$681.06
114,700 at 5.92%$681.80
114,700 at 5.93%$682.53
114,700 at 5.94%$683.27
114,700 at 5.95%$684.00
114,700 at 5.96%$684.74
114,700 at 5.97%$685.47
114,700 at 5.98%$686.21
114,700 at 5.99%$686.95
114,700 at 6%$687.68
114,700 at 6.01%$688.42
114,700 at 6.02%$689.16
114,700 at 6.03%$689.90
114,700 at 6.04%$690.64
114,700 at 6.05%$691.38
114,700 at 6.06%$692.12
114,700 at 6.07%$692.85
114,700 at 6.08%$693.59
114,700 at 6.09%$694.34
114,700 at 6.1%$695.08
114,700 at 6.11%$695.82
114,700 at 6.12%$696.56
114,700 at 6.13%$697.30
114,700 at 6.14%$698.04
114,700 at 6.15%$698.78
114,700 at 6.16%$699.53
114,700 at 6.17%$700.27
114,700 at 6.18%$701.01
114,700 at 6.19%$701.76
114,700 at 6.2%$702.50
114,700 at 6.21%$703.25
114,700 at 6.22%$703.99
114,700 at 6.23%$704.74
114,700 at 6.24%$705.48
114,700 at 6.25%$706.23
114,700 at 6.26%$706.97
114,700 at 6.27%$707.72
114,700 at 6.28%$708.47
114,700 at 6.29%$709.21
114,700 at 6.3%$709.96
114,700 at 6.31%$710.71
114,700 at 6.32%$711.46
114,700 at 6.33%$712.21
114,700 at 6.34%$712.96
114,700 at 6.35%$713.70
114,700 at 6.36%$714.45
114,700 at 6.37%$715.20
114,700 at 6.38%$715.95
114,700 at 6.39%$716.70
114,700 at 6.4%$717.46
114,700 at 6.41%$718.21
114,700 at 6.42%$718.96
114,700 at 6.43%$719.71
114,700 at 6.44%$720.46
114,700 at 6.45%$721.21
114,700 at 6.46%$721.97
114,700 at 6.47%$722.72
114,700 at 6.48%$723.47
114,700 at 6.49%$724.23
114,700 at 6.5%$724.98
Interest Rate 30 Year
114,700 at 6.51%$725.74
114,700 at 6.52%$726.49
114,700 at 6.53%$727.25
114,700 at 6.54%$728.00
114,700 at 6.55%$728.76
114,700 at 6.56%$729.51
114,700 at 6.57%$730.27
114,700 at 6.58%$731.03
114,700 at 6.59%$731.78
114,700 at 6.6%$732.54
114,700 at 6.61%$733.30
114,700 at 6.62%$734.06
114,700 at 6.63%$734.82
114,700 at 6.64%$735.57
114,700 at 6.65%$736.33
114,700 at 6.66%$737.09
114,700 at 6.67%$737.85
114,700 at 6.68%$738.61
114,700 at 6.69%$739.37
114,700 at 6.7%$740.13
114,700 at 6.71%$740.89
114,700 at 6.72%$741.66
114,700 at 6.73%$742.42
114,700 at 6.74%$743.18
114,700 at 6.75%$743.94
114,700 at 6.76%$744.70
114,700 at 6.77%$745.47
114,700 at 6.78%$746.23
114,700 at 6.79%$746.99
114,700 at 6.8%$747.76
114,700 at 6.81%$748.52
114,700 at 6.82%$749.29
114,700 at 6.83%$750.05
114,700 at 6.84%$750.82
114,700 at 6.85%$751.58
114,700 at 6.86%$752.35
114,700 at 6.87%$753.11
114,700 at 6.88%$753.88
114,700 at 6.89%$754.65
114,700 at 6.9%$755.41
114,700 at 6.91%$756.18
114,700 at 6.92%$756.95
114,700 at 6.93%$757.72
114,700 at 6.94%$758.49
114,700 at 6.95%$759.25
114,700 at 6.96%$760.02
114,700 at 6.97%$760.79
114,700 at 6.98%$761.56
114,700 at 6.99%$762.33
114,700 at 7%$763.10
114,700 at 7.01%$763.87
114,700 at 7.02%$764.64
114,700 at 7.03%$765.41
114,700 at 7.04%$766.19
114,700 at 7.05%$766.96
114,700 at 7.06%$767.73
114,700 at 7.07%$768.50
114,700 at 7.08%$769.27
114,700 at 7.09%$770.05
114,700 at 7.1%$770.82
114,700 at 7.11%$771.59
114,700 at 7.12%$772.37
114,700 at 7.13%$773.14
114,700 at 7.14%$773.92
114,700 at 7.15%$774.69
114,700 at 7.16%$775.47
114,700 at 7.17%$776.24
114,700 at 7.18%$777.02
114,700 at 7.19%$777.79
114,700 at 7.2%$778.57
114,700 at 7.21%$779.35
114,700 at 7.22%$780.12
114,700 at 7.23%$780.90
114,700 at 7.24%$781.68
114,700 at 7.25%$782.46
114,700 at 7.26%$783.23
114,700 at 7.27%$784.01
114,700 at 7.28%$784.79
114,700 at 7.29%$785.57
114,700 at 7.3%$786.35
114,700 at 7.31%$787.13
114,700 at 7.32%$787.91
114,700 at 7.33%$788.69
114,700 at 7.34%$789.47
114,700 at 7.35%$790.25
114,700 at 7.36%$791.03
114,700 at 7.37%$791.81
114,700 at 7.38%$792.60
114,700 at 7.39%$793.38
114,700 at 7.4%$794.16
114,700 at 7.41%$794.94
114,700 at 7.42%$795.73
114,700 at 7.43%$796.51
114,700 at 7.44%$797.29
114,700 at 7.45%$798.08
114,700 at 7.46%$798.86
114,700 at 7.47%$799.64
114,700 at 7.48%$800.43
114,700 at 7.49%$801.21
114,700 at 7.5%$802.00
114,700 at 7.51%$802.78
114,700 at 7.52%$803.57
114,700 at 7.53%$804.36
114,700 at 7.54%$805.14
114,700 at 7.55%$805.93
114,700 at 7.56%$806.72
114,700 at 7.57%$807.50
114,700 at 7.58%$808.29
114,700 at 7.59%$809.08
114,700 at 7.6%$809.87
114,700 at 7.61%$810.66
114,700 at 7.62%$811.44
114,700 at 7.63%$812.23
114,700 at 7.64%$813.02
114,700 at 7.65%$813.81
114,700 at 7.66%$814.60
114,700 at 7.67%$815.39
114,700 at 7.68%$816.18
114,700 at 7.69%$816.97
114,700 at 7.7%$817.77
114,700 at 7.71%$818.56
114,700 at 7.72%$819.35
114,700 at 7.73%$820.14
114,700 at 7.74%$820.93
114,700 at 7.75%$821.72
114,700 at 7.76%$822.52
114,700 at 7.77%$823.31
114,700 at 7.78%$824.10
114,700 at 7.79%$824.90
114,700 at 7.8%$825.69
114,700 at 7.81%$826.49
114,700 at 7.82%$827.28
114,700 at 7.83%$828.07
114,700 at 7.84%$828.87
114,700 at 7.85%$829.67
114,700 at 7.86%$830.46
114,700 at 7.87%$831.26
114,700 at 7.88%$832.05
114,700 at 7.89%$832.85
114,700 at 7.9%$833.65
114,700 at 7.91%$834.44
114,700 at 7.92%$835.24
114,700 at 7.93%$836.04
114,700 at 7.94%$836.84
114,700 at 7.95%$837.63
114,700 at 7.96%$838.43
114,700 at 7.97%$839.23
114,700 at 7.98%$840.03
114,700 at 7.99%$840.83
114,700 at 8%$841.63
More Amounts
What is the down payment for a $114,700 house? How much do you need to put down?
Percent Down Down Payment
1%1,147
2%2,294
3%3,441
4%4,588
5%5,735
6%6,882
7%8,029
8%9,176
9%10,323
10%11,470
11%12,617
12%13,764
13%14,911
14%16,058
15%17,205
16%18,352
17%19,499
18%20,646
19%21,793
20%22,940
Percent Down Down Payment
21%24,087
22%25,234
23%26,381
24%27,528
25%28,675
26%29,822
27%30,969
28%32,116
29%33,263
30%34,410
31%35,557
32%36,704
33%37,851
34%38,998
35%40,145
36%41,292
37%42,439
38%43,586
39%44,733
40%45,880
Percent Down Down Payment
41%47,027
42%48,174
43%49,321
44%50,468
45%51,615
46%52,762
47%53,909
48%55,056
49%56,203
50%57,350
51%58,497
52%59,644
53%60,791
54%61,938
55%63,085
56%64,232
57%65,379
58%66,526
59%67,673
60%68,820
Percent Down Down Payment
61%69,967
62%71,114
63%72,261
64%73,408
65%74,555
66%75,702
67%76,849
68%77,996
69%79,143
70%80,290
71%81,437
72%82,584
73%83,731
74%84,878
75%86,025
76%87,172
77%88,319
78%89,466
79%90,613
80%91,760
Percent Down Down Payment
81%92,907
82%94,054
83%95,201
84%96,348
85%97,495
86%98,642
87%99,789
88%100,936
89%102,083
90%103,230
91%104,377
92%105,524
93%106,671
94%107,818
95%108,965
96%110,112
97%111,259
98%112,406
99%113,553
100%114,700
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.