$116,550 Mortgage for 30 Years

What is the monthly payment of a 116,550 dollar loan?
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Loan Tables for a $116,550 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 117k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $116,550 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
116,550 at 2.01%$431.37
116,550 at 2.02%$431.96
116,550 at 2.03%$432.54
116,550 at 2.04%$433.13
116,550 at 2.05%$433.71
116,550 at 2.06%$434.30
116,550 at 2.07%$434.88
116,550 at 2.08%$435.47
116,550 at 2.09%$436.06
116,550 at 2.1%$436.64
116,550 at 2.11%$437.23
116,550 at 2.12%$437.82
116,550 at 2.13%$438.41
116,550 at 2.14%$439.00
116,550 at 2.15%$439.59
116,550 at 2.16%$440.18
116,550 at 2.17%$440.77
116,550 at 2.18%$441.36
116,550 at 2.19%$441.95
116,550 at 2.2%$442.54
116,550 at 2.21%$443.13
116,550 at 2.22%$443.73
116,550 at 2.23%$444.32
116,550 at 2.24%$444.91
116,550 at 2.25%$445.51
116,550 at 2.26%$446.10
116,550 at 2.27%$446.70
116,550 at 2.28%$447.29
116,550 at 2.29%$447.89
116,550 at 2.3%$448.49
116,550 at 2.31%$449.08
116,550 at 2.32%$449.68
116,550 at 2.33%$450.28
116,550 at 2.34%$450.88
116,550 at 2.35%$451.48
116,550 at 2.36%$452.07
116,550 at 2.37%$452.67
116,550 at 2.38%$453.27
116,550 at 2.39%$453.88
116,550 at 2.4%$454.48
116,550 at 2.41%$455.08
116,550 at 2.42%$455.68
116,550 at 2.43%$456.28
116,550 at 2.44%$456.89
116,550 at 2.45%$457.49
116,550 at 2.46%$458.09
116,550 at 2.47%$458.70
116,550 at 2.48%$459.30
116,550 at 2.49%$459.91
116,550 at 2.5%$460.51
116,550 at 2.51%$461.12
116,550 at 2.52%$461.73
116,550 at 2.53%$462.33
116,550 at 2.54%$462.94
116,550 at 2.55%$463.55
116,550 at 2.56%$464.16
116,550 at 2.57%$464.77
116,550 at 2.58%$465.38
116,550 at 2.59%$465.99
116,550 at 2.6%$466.60
116,550 at 2.61%$467.21
116,550 at 2.62%$467.82
116,550 at 2.63%$468.43
116,550 at 2.64%$469.04
116,550 at 2.65%$469.65
116,550 at 2.66%$470.27
116,550 at 2.67%$470.88
116,550 at 2.68%$471.49
116,550 at 2.69%$472.11
116,550 at 2.7%$472.72
116,550 at 2.71%$473.34
116,550 at 2.72%$473.96
116,550 at 2.73%$474.57
116,550 at 2.74%$475.19
116,550 at 2.75%$475.81
116,550 at 2.76%$476.42
116,550 at 2.77%$477.04
116,550 at 2.78%$477.66
116,550 at 2.79%$478.28
116,550 at 2.8%$478.90
116,550 at 2.81%$479.52
116,550 at 2.82%$480.14
116,550 at 2.83%$480.76
116,550 at 2.84%$481.38
116,550 at 2.85%$482.00
116,550 at 2.86%$482.62
116,550 at 2.87%$483.25
116,550 at 2.88%$483.87
116,550 at 2.89%$484.49
116,550 at 2.9%$485.12
116,550 at 2.91%$485.74
116,550 at 2.92%$486.37
116,550 at 2.93%$486.99
116,550 at 2.94%$487.62
116,550 at 2.95%$488.24
116,550 at 2.96%$488.87
116,550 at 2.97%$489.50
116,550 at 2.98%$490.12
116,550 at 2.99%$490.75
116,550 at 3%$491.38
116,550 at 3.01%$492.01
116,550 at 3.02%$492.64
116,550 at 3.03%$493.27
116,550 at 3.04%$493.90
116,550 at 3.05%$494.53
116,550 at 3.06%$495.16
116,550 at 3.07%$495.79
116,550 at 3.08%$496.42
116,550 at 3.09%$497.05
116,550 at 3.1%$497.69
116,550 at 3.11%$498.32
116,550 at 3.12%$498.95
116,550 at 3.13%$499.59
116,550 at 3.14%$500.22
116,550 at 3.15%$500.86
116,550 at 3.16%$501.49
116,550 at 3.17%$502.13
116,550 at 3.18%$502.77
116,550 at 3.19%$503.40
116,550 at 3.2%$504.04
116,550 at 3.21%$504.68
116,550 at 3.22%$505.32
116,550 at 3.23%$505.95
116,550 at 3.24%$506.59
116,550 at 3.25%$507.23
116,550 at 3.26%$507.87
116,550 at 3.27%$508.51
116,550 at 3.28%$509.15
116,550 at 3.29%$509.80
116,550 at 3.3%$510.44
116,550 at 3.31%$511.08
116,550 at 3.32%$511.72
116,550 at 3.33%$512.36
116,550 at 3.34%$513.01
116,550 at 3.35%$513.65
116,550 at 3.36%$514.30
116,550 at 3.37%$514.94
116,550 at 3.38%$515.59
116,550 at 3.39%$516.23
116,550 at 3.4%$516.88
116,550 at 3.41%$517.52
116,550 at 3.42%$518.17
116,550 at 3.43%$518.82
116,550 at 3.44%$519.47
116,550 at 3.45%$520.11
116,550 at 3.46%$520.76
116,550 at 3.47%$521.41
116,550 at 3.48%$522.06
116,550 at 3.49%$522.71
116,550 at 3.5%$523.36
Interest Rate 30 Year
116,550 at 3.51%$524.01
116,550 at 3.52%$524.66
116,550 at 3.53%$525.32
116,550 at 3.54%$525.97
116,550 at 3.55%$526.62
116,550 at 3.56%$527.27
116,550 at 3.57%$527.93
116,550 at 3.58%$528.58
116,550 at 3.59%$529.23
116,550 at 3.6%$529.89
116,550 at 3.61%$530.54
116,550 at 3.62%$531.20
116,550 at 3.63%$531.86
116,550 at 3.64%$532.51
116,550 at 3.65%$533.17
116,550 at 3.66%$533.83
116,550 at 3.67%$534.48
116,550 at 3.68%$535.14
116,550 at 3.69%$535.80
116,550 at 3.7%$536.46
116,550 at 3.71%$537.12
116,550 at 3.72%$537.78
116,550 at 3.73%$538.44
116,550 at 3.74%$539.10
116,550 at 3.75%$539.76
116,550 at 3.76%$540.42
116,550 at 3.77%$541.08
116,550 at 3.78%$541.75
116,550 at 3.79%$542.41
116,550 at 3.8%$543.07
116,550 at 3.81%$543.74
116,550 at 3.82%$544.40
116,550 at 3.83%$545.07
116,550 at 3.84%$545.73
116,550 at 3.85%$546.40
116,550 at 3.86%$547.06
116,550 at 3.87%$547.73
116,550 at 3.88%$548.39
116,550 at 3.89%$549.06
116,550 at 3.9%$549.73
116,550 at 3.91%$550.40
116,550 at 3.92%$551.07
116,550 at 3.93%$551.73
116,550 at 3.94%$552.40
116,550 at 3.95%$553.07
116,550 at 3.96%$553.74
116,550 at 3.97%$554.41
116,550 at 3.98%$555.08
116,550 at 3.99%$555.76
116,550 at 4%$556.43
116,550 at 4.01%$557.10
116,550 at 4.02%$557.77
116,550 at 4.03%$558.45
116,550 at 4.04%$559.12
116,550 at 4.05%$559.79
116,550 at 4.06%$560.47
116,550 at 4.07%$561.14
116,550 at 4.08%$561.82
116,550 at 4.09%$562.49
116,550 at 4.1%$563.17
116,550 at 4.11%$563.84
116,550 at 4.12%$564.52
116,550 at 4.13%$565.20
116,550 at 4.14%$565.88
116,550 at 4.15%$566.55
116,550 at 4.16%$567.23
116,550 at 4.17%$567.91
116,550 at 4.18%$568.59
116,550 at 4.19%$569.27
116,550 at 4.2%$569.95
116,550 at 4.21%$570.63
116,550 at 4.22%$571.31
116,550 at 4.23%$571.99
116,550 at 4.24%$572.67
116,550 at 4.25%$573.36
116,550 at 4.26%$574.04
116,550 at 4.27%$574.72
116,550 at 4.28%$575.40
116,550 at 4.29%$576.09
116,550 at 4.3%$576.77
116,550 at 4.31%$577.46
116,550 at 4.32%$578.14
116,550 at 4.33%$578.83
116,550 at 4.34%$579.51
116,550 at 4.35%$580.20
116,550 at 4.36%$580.89
116,550 at 4.37%$581.57
116,550 at 4.38%$582.26
116,550 at 4.39%$582.95
116,550 at 4.4%$583.64
116,550 at 4.41%$584.33
116,550 at 4.42%$585.01
116,550 at 4.43%$585.70
116,550 at 4.44%$586.39
116,550 at 4.45%$587.08
116,550 at 4.46%$587.77
116,550 at 4.47%$588.47
116,550 at 4.48%$589.16
116,550 at 4.49%$589.85
116,550 at 4.5%$590.54
116,550 at 4.51%$591.23
116,550 at 4.52%$591.93
116,550 at 4.53%$592.62
116,550 at 4.54%$593.32
116,550 at 4.55%$594.01
116,550 at 4.56%$594.70
116,550 at 4.57%$595.40
116,550 at 4.58%$596.09
116,550 at 4.59%$596.79
116,550 at 4.6%$597.49
116,550 at 4.61%$598.18
116,550 at 4.62%$598.88
116,550 at 4.63%$599.58
116,550 at 4.64%$600.28
116,550 at 4.65%$600.97
116,550 at 4.66%$601.67
116,550 at 4.67%$602.37
116,550 at 4.68%$603.07
116,550 at 4.69%$603.77
116,550 at 4.7%$604.47
116,550 at 4.71%$605.17
116,550 at 4.72%$605.87
116,550 at 4.73%$606.58
116,550 at 4.74%$607.28
116,550 at 4.75%$607.98
116,550 at 4.76%$608.68
116,550 at 4.77%$609.39
116,550 at 4.78%$610.09
116,550 at 4.79%$610.79
116,550 at 4.8%$611.50
116,550 at 4.81%$612.20
116,550 at 4.82%$612.91
116,550 at 4.83%$613.61
116,550 at 4.84%$614.32
116,550 at 4.85%$615.02
116,550 at 4.86%$615.73
116,550 at 4.87%$616.44
116,550 at 4.88%$617.15
116,550 at 4.89%$617.85
116,550 at 4.9%$618.56
116,550 at 4.91%$619.27
116,550 at 4.92%$619.98
116,550 at 4.93%$620.69
116,550 at 4.94%$621.40
116,550 at 4.95%$622.11
116,550 at 4.96%$622.82
116,550 at 4.97%$623.53
116,550 at 4.98%$624.24
116,550 at 4.99%$624.95
116,550 at 5%$625.67
Interest Rate 30 Year
116,550 at 5.01%$626.38
116,550 at 5.02%$627.09
116,550 at 5.03%$627.80
116,550 at 5.04%$628.52
116,550 at 5.05%$629.23
116,550 at 5.06%$629.95
116,550 at 5.07%$630.66
116,550 at 5.08%$631.38
116,550 at 5.09%$632.09
116,550 at 5.1%$632.81
116,550 at 5.11%$633.52
116,550 at 5.12%$634.24
116,550 at 5.13%$634.96
116,550 at 5.14%$635.68
116,550 at 5.15%$636.39
116,550 at 5.16%$637.11
116,550 at 5.17%$637.83
116,550 at 5.18%$638.55
116,550 at 5.19%$639.27
116,550 at 5.2%$639.99
116,550 at 5.21%$640.71
116,550 at 5.22%$641.43
116,550 at 5.23%$642.15
116,550 at 5.24%$642.87
116,550 at 5.25%$643.59
116,550 at 5.26%$644.32
116,550 at 5.27%$645.04
116,550 at 5.28%$645.76
116,550 at 5.29%$646.48
116,550 at 5.3%$647.21
116,550 at 5.31%$647.93
116,550 at 5.32%$648.66
116,550 at 5.33%$649.38
116,550 at 5.34%$650.11
116,550 at 5.35%$650.83
116,550 at 5.36%$651.56
116,550 at 5.37%$652.28
116,550 at 5.38%$653.01
116,550 at 5.39%$653.74
116,550 at 5.4%$654.46
116,550 at 5.41%$655.19
116,550 at 5.42%$655.92
116,550 at 5.43%$656.65
116,550 at 5.44%$657.38
116,550 at 5.45%$658.11
116,550 at 5.46%$658.84
116,550 at 5.47%$659.57
116,550 at 5.48%$660.30
116,550 at 5.49%$661.03
116,550 at 5.5%$661.76
116,550 at 5.51%$662.49
116,550 at 5.52%$663.22
116,550 at 5.53%$663.95
116,550 at 5.54%$664.69
116,550 at 5.55%$665.42
116,550 at 5.56%$666.15
116,550 at 5.57%$666.89
116,550 at 5.58%$667.62
116,550 at 5.59%$668.35
116,550 at 5.6%$669.09
116,550 at 5.61%$669.82
116,550 at 5.62%$670.56
116,550 at 5.63%$671.30
116,550 at 5.64%$672.03
116,550 at 5.65%$672.77
116,550 at 5.66%$673.51
116,550 at 5.67%$674.24
116,550 at 5.68%$674.98
116,550 at 5.69%$675.72
116,550 at 5.7%$676.46
116,550 at 5.71%$677.20
116,550 at 5.72%$677.93
116,550 at 5.73%$678.67
116,550 at 5.74%$679.41
116,550 at 5.75%$680.15
116,550 at 5.76%$680.89
116,550 at 5.77%$681.64
116,550 at 5.78%$682.38
116,550 at 5.79%$683.12
116,550 at 5.8%$683.86
116,550 at 5.81%$684.60
116,550 at 5.82%$685.35
116,550 at 5.83%$686.09
116,550 at 5.84%$686.83
116,550 at 5.85%$687.58
116,550 at 5.86%$688.32
116,550 at 5.87%$689.06
116,550 at 5.88%$689.81
116,550 at 5.89%$690.55
116,550 at 5.9%$691.30
116,550 at 5.91%$692.05
116,550 at 5.92%$692.79
116,550 at 5.93%$693.54
116,550 at 5.94%$694.29
116,550 at 5.95%$695.03
116,550 at 5.96%$695.78
116,550 at 5.97%$696.53
116,550 at 5.98%$697.28
116,550 at 5.99%$698.03
116,550 at 6%$698.78
116,550 at 6.01%$699.53
116,550 at 6.02%$700.28
116,550 at 6.03%$701.03
116,550 at 6.04%$701.78
116,550 at 6.05%$702.53
116,550 at 6.06%$703.28
116,550 at 6.07%$704.03
116,550 at 6.08%$704.78
116,550 at 6.09%$705.53
116,550 at 6.1%$706.29
116,550 at 6.11%$707.04
116,550 at 6.12%$707.79
116,550 at 6.13%$708.55
116,550 at 6.14%$709.30
116,550 at 6.15%$710.06
116,550 at 6.16%$710.81
116,550 at 6.17%$711.57
116,550 at 6.18%$712.32
116,550 at 6.19%$713.08
116,550 at 6.2%$713.83
116,550 at 6.21%$714.59
116,550 at 6.22%$715.35
116,550 at 6.23%$716.10
116,550 at 6.24%$716.86
116,550 at 6.25%$717.62
116,550 at 6.26%$718.38
116,550 at 6.27%$719.14
116,550 at 6.28%$719.89
116,550 at 6.29%$720.65
116,550 at 6.3%$721.41
116,550 at 6.31%$722.17
116,550 at 6.32%$722.93
116,550 at 6.33%$723.69
116,550 at 6.34%$724.45
116,550 at 6.35%$725.22
116,550 at 6.36%$725.98
116,550 at 6.37%$726.74
116,550 at 6.38%$727.50
116,550 at 6.39%$728.26
116,550 at 6.4%$729.03
116,550 at 6.41%$729.79
116,550 at 6.42%$730.55
116,550 at 6.43%$731.32
116,550 at 6.44%$732.08
116,550 at 6.45%$732.85
116,550 at 6.46%$733.61
116,550 at 6.47%$734.38
116,550 at 6.48%$735.14
116,550 at 6.49%$735.91
116,550 at 6.5%$736.68
Interest Rate 30 Year
116,550 at 6.51%$737.44
116,550 at 6.52%$738.21
116,550 at 6.53%$738.98
116,550 at 6.54%$739.74
116,550 at 6.55%$740.51
116,550 at 6.56%$741.28
116,550 at 6.57%$742.05
116,550 at 6.58%$742.82
116,550 at 6.59%$743.59
116,550 at 6.6%$744.36
116,550 at 6.61%$745.13
116,550 at 6.62%$745.90
116,550 at 6.63%$746.67
116,550 at 6.64%$747.44
116,550 at 6.65%$748.21
116,550 at 6.66%$748.98
116,550 at 6.67%$749.75
116,550 at 6.68%$750.53
116,550 at 6.69%$751.30
116,550 at 6.7%$752.07
116,550 at 6.71%$752.84
116,550 at 6.72%$753.62
116,550 at 6.73%$754.39
116,550 at 6.74%$755.17
116,550 at 6.75%$755.94
116,550 at 6.76%$756.72
116,550 at 6.77%$757.49
116,550 at 6.78%$758.27
116,550 at 6.79%$759.04
116,550 at 6.8%$759.82
116,550 at 6.81%$760.60
116,550 at 6.82%$761.37
116,550 at 6.83%$762.15
116,550 at 6.84%$762.93
116,550 at 6.85%$763.70
116,550 at 6.86%$764.48
116,550 at 6.87%$765.26
116,550 at 6.88%$766.04
116,550 at 6.89%$766.82
116,550 at 6.9%$767.60
116,550 at 6.91%$768.38
116,550 at 6.92%$769.16
116,550 at 6.93%$769.94
116,550 at 6.94%$770.72
116,550 at 6.95%$771.50
116,550 at 6.96%$772.28
116,550 at 6.97%$773.06
116,550 at 6.98%$773.85
116,550 at 6.99%$774.63
116,550 at 7%$775.41
116,550 at 7.01%$776.19
116,550 at 7.02%$776.98
116,550 at 7.03%$777.76
116,550 at 7.04%$778.54
116,550 at 7.05%$779.33
116,550 at 7.06%$780.11
116,550 at 7.07%$780.90
116,550 at 7.08%$781.68
116,550 at 7.09%$782.47
116,550 at 7.1%$783.25
116,550 at 7.11%$784.04
116,550 at 7.12%$784.83
116,550 at 7.13%$785.61
116,550 at 7.14%$786.40
116,550 at 7.15%$787.19
116,550 at 7.16%$787.97
116,550 at 7.17%$788.76
116,550 at 7.18%$789.55
116,550 at 7.19%$790.34
116,550 at 7.2%$791.13
116,550 at 7.21%$791.92
116,550 at 7.22%$792.71
116,550 at 7.23%$793.50
116,550 at 7.24%$794.29
116,550 at 7.25%$795.08
116,550 at 7.26%$795.87
116,550 at 7.27%$796.66
116,550 at 7.28%$797.45
116,550 at 7.29%$798.24
116,550 at 7.3%$799.03
116,550 at 7.31%$799.83
116,550 at 7.32%$800.62
116,550 at 7.33%$801.41
116,550 at 7.34%$802.20
116,550 at 7.35%$803.00
116,550 at 7.36%$803.79
116,550 at 7.37%$804.58
116,550 at 7.38%$805.38
116,550 at 7.39%$806.17
116,550 at 7.4%$806.97
116,550 at 7.41%$807.76
116,550 at 7.42%$808.56
116,550 at 7.43%$809.36
116,550 at 7.44%$810.15
116,550 at 7.45%$810.95
116,550 at 7.46%$811.74
116,550 at 7.47%$812.54
116,550 at 7.48%$813.34
116,550 at 7.49%$814.14
116,550 at 7.5%$814.93
116,550 at 7.51%$815.73
116,550 at 7.52%$816.53
116,550 at 7.53%$817.33
116,550 at 7.54%$818.13
116,550 at 7.55%$818.93
116,550 at 7.56%$819.73
116,550 at 7.57%$820.53
116,550 at 7.58%$821.33
116,550 at 7.59%$822.13
116,550 at 7.6%$822.93
116,550 at 7.61%$823.73
116,550 at 7.62%$824.53
116,550 at 7.63%$825.33
116,550 at 7.64%$826.14
116,550 at 7.65%$826.94
116,550 at 7.66%$827.74
116,550 at 7.67%$828.54
116,550 at 7.68%$829.35
116,550 at 7.69%$830.15
116,550 at 7.7%$830.96
116,550 at 7.71%$831.76
116,550 at 7.72%$832.56
116,550 at 7.73%$833.37
116,550 at 7.74%$834.17
116,550 at 7.75%$834.98
116,550 at 7.76%$835.78
116,550 at 7.77%$836.59
116,550 at 7.78%$837.40
116,550 at 7.79%$838.20
116,550 at 7.8%$839.01
116,550 at 7.81%$839.82
116,550 at 7.82%$840.62
116,550 at 7.83%$841.43
116,550 at 7.84%$842.24
116,550 at 7.85%$843.05
116,550 at 7.86%$843.86
116,550 at 7.87%$844.66
116,550 at 7.88%$845.47
116,550 at 7.89%$846.28
116,550 at 7.9%$847.09
116,550 at 7.91%$847.90
116,550 at 7.92%$848.71
116,550 at 7.93%$849.52
116,550 at 7.94%$850.33
116,550 at 7.95%$851.14
116,550 at 7.96%$851.95
116,550 at 7.97%$852.77
116,550 at 7.98%$853.58
116,550 at 7.99%$854.39
116,550 at 8%$855.20
More Amounts
What is the down payment for a $116,550 house? How much do you need to put down?
Percent Down Down Payment
1%1,166
2%2,331
3%3,497
4%4,662
5%5,828
6%6,993
7%8,159
8%9,324
9%10,490
10%11,655
11%12,821
12%13,986
13%15,152
14%16,317
15%17,483
16%18,648
17%19,814
18%20,979
19%22,145
20%23,310
Percent Down Down Payment
21%24,476
22%25,641
23%26,807
24%27,972
25%29,138
26%30,303
27%31,469
28%32,634
29%33,800
30%34,965
31%36,131
32%37,296
33%38,462
34%39,627
35%40,793
36%41,958
37%43,124
38%44,289
39%45,455
40%46,620
Percent Down Down Payment
41%47,786
42%48,951
43%50,117
44%51,282
45%52,448
46%53,613
47%54,779
48%55,944
49%57,110
50%58,275
51%59,441
52%60,606
53%61,772
54%62,937
55%64,103
56%65,268
57%66,434
58%67,599
59%68,765
60%69,930
Percent Down Down Payment
61%71,096
62%72,261
63%73,427
64%74,592
65%75,758
66%76,923
67%78,089
68%79,254
69%80,420
70%81,585
71%82,751
72%83,916
73%85,082
74%86,247
75%87,413
76%88,578
77%89,744
78%90,909
79%92,075
80%93,240
Percent Down Down Payment
81%94,406
82%95,571
83%96,737
84%97,902
85%99,068
86%100,233
87%101,399
88%102,564
89%103,730
90%104,895
91%106,061
92%107,226
93%108,392
94%109,557
95%110,723
96%111,888
97%113,054
98%114,219
99%115,385
100%116,550
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.