$123,800 Mortgage for 30 Years

What is the monthly payment of a 123,800 dollar loan?
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Loan Tables for a $123,800 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 124k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $123,800 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
123,800 at 2.01%$458.21
123,800 at 2.02%$458.83
123,800 at 2.03%$459.45
123,800 at 2.04%$460.07
123,800 at 2.05%$460.69
123,800 at 2.06%$461.31
123,800 at 2.07%$461.93
123,800 at 2.08%$462.56
123,800 at 2.09%$463.18
123,800 at 2.1%$463.80
123,800 at 2.11%$464.43
123,800 at 2.12%$465.05
123,800 at 2.13%$465.68
123,800 at 2.14%$466.30
123,800 at 2.15%$466.93
123,800 at 2.16%$467.56
123,800 at 2.17%$468.18
123,800 at 2.18%$468.81
123,800 at 2.19%$469.44
123,800 at 2.2%$470.07
123,800 at 2.21%$470.70
123,800 at 2.22%$471.33
123,800 at 2.23%$471.96
123,800 at 2.24%$472.59
123,800 at 2.25%$473.22
123,800 at 2.26%$473.85
123,800 at 2.27%$474.48
123,800 at 2.28%$475.12
123,800 at 2.29%$475.75
123,800 at 2.3%$476.38
123,800 at 2.31%$477.02
123,800 at 2.32%$477.65
123,800 at 2.33%$478.29
123,800 at 2.34%$478.92
123,800 at 2.35%$479.56
123,800 at 2.36%$480.20
123,800 at 2.37%$480.83
123,800 at 2.38%$481.47
123,800 at 2.39%$482.11
123,800 at 2.4%$482.75
123,800 at 2.41%$483.39
123,800 at 2.42%$484.03
123,800 at 2.43%$484.67
123,800 at 2.44%$485.31
123,800 at 2.45%$485.95
123,800 at 2.46%$486.59
123,800 at 2.47%$487.23
123,800 at 2.48%$487.87
123,800 at 2.49%$488.52
123,800 at 2.5%$489.16
123,800 at 2.51%$489.80
123,800 at 2.52%$490.45
123,800 at 2.53%$491.09
123,800 at 2.54%$491.74
123,800 at 2.55%$492.38
123,800 at 2.56%$493.03
123,800 at 2.57%$493.68
123,800 at 2.58%$494.32
123,800 at 2.59%$494.97
123,800 at 2.6%$495.62
123,800 at 2.61%$496.27
123,800 at 2.62%$496.92
123,800 at 2.63%$497.57
123,800 at 2.64%$498.22
123,800 at 2.65%$498.87
123,800 at 2.66%$499.52
123,800 at 2.67%$500.17
123,800 at 2.68%$500.82
123,800 at 2.69%$501.48
123,800 at 2.7%$502.13
123,800 at 2.71%$502.78
123,800 at 2.72%$503.44
123,800 at 2.73%$504.09
123,800 at 2.74%$504.75
123,800 at 2.75%$505.40
123,800 at 2.76%$506.06
123,800 at 2.77%$506.72
123,800 at 2.78%$507.37
123,800 at 2.79%$508.03
123,800 at 2.8%$508.69
123,800 at 2.81%$509.35
123,800 at 2.82%$510.00
123,800 at 2.83%$510.66
123,800 at 2.84%$511.32
123,800 at 2.85%$511.98
123,800 at 2.86%$512.64
123,800 at 2.87%$513.31
123,800 at 2.88%$513.97
123,800 at 2.89%$514.63
123,800 at 2.9%$515.29
123,800 at 2.91%$515.96
123,800 at 2.92%$516.62
123,800 at 2.93%$517.28
123,800 at 2.94%$517.95
123,800 at 2.95%$518.61
123,800 at 2.96%$519.28
123,800 at 2.97%$519.94
123,800 at 2.98%$520.61
123,800 at 2.99%$521.28
123,800 at 3%$521.95
123,800 at 3.01%$522.61
123,800 at 3.02%$523.28
123,800 at 3.03%$523.95
123,800 at 3.04%$524.62
123,800 at 3.05%$525.29
123,800 at 3.06%$525.96
123,800 at 3.07%$526.63
123,800 at 3.08%$527.30
123,800 at 3.09%$527.97
123,800 at 3.1%$528.65
123,800 at 3.11%$529.32
123,800 at 3.12%$529.99
123,800 at 3.13%$530.67
123,800 at 3.14%$531.34
123,800 at 3.15%$532.01
123,800 at 3.16%$532.69
123,800 at 3.17%$533.36
123,800 at 3.18%$534.04
123,800 at 3.19%$534.72
123,800 at 3.2%$535.39
123,800 at 3.21%$536.07
123,800 at 3.22%$536.75
123,800 at 3.23%$537.43
123,800 at 3.24%$538.11
123,800 at 3.25%$538.79
123,800 at 3.26%$539.47
123,800 at 3.27%$540.15
123,800 at 3.28%$540.83
123,800 at 3.29%$541.51
123,800 at 3.3%$542.19
123,800 at 3.31%$542.87
123,800 at 3.32%$543.55
123,800 at 3.33%$544.24
123,800 at 3.34%$544.92
123,800 at 3.35%$545.60
123,800 at 3.36%$546.29
123,800 at 3.37%$546.97
123,800 at 3.38%$547.66
123,800 at 3.39%$548.34
123,800 at 3.4%$549.03
123,800 at 3.41%$549.72
123,800 at 3.42%$550.40
123,800 at 3.43%$551.09
123,800 at 3.44%$551.78
123,800 at 3.45%$552.47
123,800 at 3.46%$553.16
123,800 at 3.47%$553.85
123,800 at 3.48%$554.54
123,800 at 3.49%$555.23
123,800 at 3.5%$555.92
Interest Rate 30 Year
123,800 at 3.51%$556.61
123,800 at 3.52%$557.30
123,800 at 3.53%$557.99
123,800 at 3.54%$558.69
123,800 at 3.55%$559.38
123,800 at 3.56%$560.07
123,800 at 3.57%$560.77
123,800 at 3.58%$561.46
123,800 at 3.59%$562.16
123,800 at 3.6%$562.85
123,800 at 3.61%$563.55
123,800 at 3.62%$564.24
123,800 at 3.63%$564.94
123,800 at 3.64%$565.64
123,800 at 3.65%$566.33
123,800 at 3.66%$567.03
123,800 at 3.67%$567.73
123,800 at 3.68%$568.43
123,800 at 3.69%$569.13
123,800 at 3.7%$569.83
123,800 at 3.71%$570.53
123,800 at 3.72%$571.23
123,800 at 3.73%$571.93
123,800 at 3.74%$572.63
123,800 at 3.75%$573.34
123,800 at 3.76%$574.04
123,800 at 3.77%$574.74
123,800 at 3.78%$575.45
123,800 at 3.79%$576.15
123,800 at 3.8%$576.86
123,800 at 3.81%$577.56
123,800 at 3.82%$578.27
123,800 at 3.83%$578.97
123,800 at 3.84%$579.68
123,800 at 3.85%$580.38
123,800 at 3.86%$581.09
123,800 at 3.87%$581.80
123,800 at 3.88%$582.51
123,800 at 3.89%$583.22
123,800 at 3.9%$583.93
123,800 at 3.91%$584.63
123,800 at 3.92%$585.34
123,800 at 3.93%$586.06
123,800 at 3.94%$586.77
123,800 at 3.95%$587.48
123,800 at 3.96%$588.19
123,800 at 3.97%$588.90
123,800 at 3.98%$589.61
123,800 at 3.99%$590.33
123,800 at 4%$591.04
123,800 at 4.01%$591.75
123,800 at 4.02%$592.47
123,800 at 4.03%$593.18
123,800 at 4.04%$593.90
123,800 at 4.05%$594.61
123,800 at 4.06%$595.33
123,800 at 4.07%$596.05
123,800 at 4.08%$596.76
123,800 at 4.09%$597.48
123,800 at 4.1%$598.20
123,800 at 4.11%$598.92
123,800 at 4.12%$599.64
123,800 at 4.13%$600.36
123,800 at 4.14%$601.08
123,800 at 4.15%$601.80
123,800 at 4.16%$602.52
123,800 at 4.17%$603.24
123,800 at 4.18%$603.96
123,800 at 4.19%$604.68
123,800 at 4.2%$605.40
123,800 at 4.21%$606.13
123,800 at 4.22%$606.85
123,800 at 4.23%$607.57
123,800 at 4.24%$608.30
123,800 at 4.25%$609.02
123,800 at 4.26%$609.75
123,800 at 4.27%$610.47
123,800 at 4.28%$611.20
123,800 at 4.29%$611.92
123,800 at 4.3%$612.65
123,800 at 4.31%$613.38
123,800 at 4.32%$614.11
123,800 at 4.33%$614.83
123,800 at 4.34%$615.56
123,800 at 4.35%$616.29
123,800 at 4.36%$617.02
123,800 at 4.37%$617.75
123,800 at 4.38%$618.48
123,800 at 4.39%$619.21
123,800 at 4.4%$619.94
123,800 at 4.41%$620.67
123,800 at 4.42%$621.41
123,800 at 4.43%$622.14
123,800 at 4.44%$622.87
123,800 at 4.45%$623.60
123,800 at 4.46%$624.34
123,800 at 4.47%$625.07
123,800 at 4.48%$625.81
123,800 at 4.49%$626.54
123,800 at 4.5%$627.28
123,800 at 4.51%$628.01
123,800 at 4.52%$628.75
123,800 at 4.53%$629.49
123,800 at 4.54%$630.22
123,800 at 4.55%$630.96
123,800 at 4.56%$631.70
123,800 at 4.57%$632.44
123,800 at 4.58%$633.17
123,800 at 4.59%$633.91
123,800 at 4.6%$634.65
123,800 at 4.61%$635.39
123,800 at 4.62%$636.13
123,800 at 4.63%$636.88
123,800 at 4.64%$637.62
123,800 at 4.65%$638.36
123,800 at 4.66%$639.10
123,800 at 4.67%$639.84
123,800 at 4.68%$640.59
123,800 at 4.69%$641.33
123,800 at 4.7%$642.07
123,800 at 4.71%$642.82
123,800 at 4.72%$643.56
123,800 at 4.73%$644.31
123,800 at 4.74%$645.05
123,800 at 4.75%$645.80
123,800 at 4.76%$646.55
123,800 at 4.77%$647.29
123,800 at 4.78%$648.04
123,800 at 4.79%$648.79
123,800 at 4.8%$649.54
123,800 at 4.81%$650.28
123,800 at 4.82%$651.03
123,800 at 4.83%$651.78
123,800 at 4.84%$652.53
123,800 at 4.85%$653.28
123,800 at 4.86%$654.03
123,800 at 4.87%$654.78
123,800 at 4.88%$655.54
123,800 at 4.89%$656.29
123,800 at 4.9%$657.04
123,800 at 4.91%$657.79
123,800 at 4.92%$658.55
123,800 at 4.93%$659.30
123,800 at 4.94%$660.05
123,800 at 4.95%$660.81
123,800 at 4.96%$661.56
123,800 at 4.97%$662.32
123,800 at 4.98%$663.07
123,800 at 4.99%$663.83
123,800 at 5%$664.59
Interest Rate 30 Year
123,800 at 5.01%$665.34
123,800 at 5.02%$666.10
123,800 at 5.03%$666.86
123,800 at 5.04%$667.61
123,800 at 5.05%$668.37
123,800 at 5.06%$669.13
123,800 at 5.07%$669.89
123,800 at 5.08%$670.65
123,800 at 5.09%$671.41
123,800 at 5.1%$672.17
123,800 at 5.11%$672.93
123,800 at 5.12%$673.69
123,800 at 5.13%$674.46
123,800 at 5.14%$675.22
123,800 at 5.15%$675.98
123,800 at 5.16%$676.74
123,800 at 5.17%$677.51
123,800 at 5.18%$678.27
123,800 at 5.19%$679.03
123,800 at 5.2%$679.80
123,800 at 5.21%$680.56
123,800 at 5.22%$681.33
123,800 at 5.23%$682.10
123,800 at 5.24%$682.86
123,800 at 5.25%$683.63
123,800 at 5.26%$684.40
123,800 at 5.27%$685.16
123,800 at 5.28%$685.93
123,800 at 5.29%$686.70
123,800 at 5.3%$687.47
123,800 at 5.31%$688.24
123,800 at 5.32%$689.01
123,800 at 5.33%$689.78
123,800 at 5.34%$690.55
123,800 at 5.35%$691.32
123,800 at 5.36%$692.09
123,800 at 5.37%$692.86
123,800 at 5.38%$693.63
123,800 at 5.39%$694.40
123,800 at 5.4%$695.18
123,800 at 5.41%$695.95
123,800 at 5.42%$696.72
123,800 at 5.43%$697.50
123,800 at 5.44%$698.27
123,800 at 5.45%$699.04
123,800 at 5.46%$699.82
123,800 at 5.47%$700.59
123,800 at 5.48%$701.37
123,800 at 5.49%$702.15
123,800 at 5.5%$702.92
123,800 at 5.51%$703.70
123,800 at 5.52%$704.48
123,800 at 5.53%$705.25
123,800 at 5.54%$706.03
123,800 at 5.55%$706.81
123,800 at 5.56%$707.59
123,800 at 5.57%$708.37
123,800 at 5.58%$709.15
123,800 at 5.59%$709.93
123,800 at 5.6%$710.71
123,800 at 5.61%$711.49
123,800 at 5.62%$712.27
123,800 at 5.63%$713.05
123,800 at 5.64%$713.84
123,800 at 5.65%$714.62
123,800 at 5.66%$715.40
123,800 at 5.67%$716.18
123,800 at 5.68%$716.97
123,800 at 5.69%$717.75
123,800 at 5.7%$718.54
123,800 at 5.71%$719.32
123,800 at 5.72%$720.11
123,800 at 5.73%$720.89
123,800 at 5.74%$721.68
123,800 at 5.75%$722.46
123,800 at 5.76%$723.25
123,800 at 5.77%$724.04
123,800 at 5.78%$724.82
123,800 at 5.79%$725.61
123,800 at 5.8%$726.40
123,800 at 5.81%$727.19
123,800 at 5.82%$727.98
123,800 at 5.83%$728.77
123,800 at 5.84%$729.56
123,800 at 5.85%$730.35
123,800 at 5.86%$731.14
123,800 at 5.87%$731.93
123,800 at 5.88%$732.72
123,800 at 5.89%$733.51
123,800 at 5.9%$734.30
123,800 at 5.91%$735.10
123,800 at 5.92%$735.89
123,800 at 5.93%$736.68
123,800 at 5.94%$737.47
123,800 at 5.95%$738.27
123,800 at 5.96%$739.06
123,800 at 5.97%$739.86
123,800 at 5.98%$740.65
123,800 at 5.99%$741.45
123,800 at 6%$742.24
123,800 at 6.01%$743.04
123,800 at 6.02%$743.84
123,800 at 6.03%$744.63
123,800 at 6.04%$745.43
123,800 at 6.05%$746.23
123,800 at 6.06%$747.03
123,800 at 6.07%$747.82
123,800 at 6.08%$748.62
123,800 at 6.09%$749.42
123,800 at 6.1%$750.22
123,800 at 6.11%$751.02
123,800 at 6.12%$751.82
123,800 at 6.13%$752.62
123,800 at 6.14%$753.42
123,800 at 6.15%$754.22
123,800 at 6.16%$755.03
123,800 at 6.17%$755.83
123,800 at 6.18%$756.63
123,800 at 6.19%$757.43
123,800 at 6.2%$758.24
123,800 at 6.21%$759.04
123,800 at 6.22%$759.84
123,800 at 6.23%$760.65
123,800 at 6.24%$761.45
123,800 at 6.25%$762.26
123,800 at 6.26%$763.06
123,800 at 6.27%$763.87
123,800 at 6.28%$764.68
123,800 at 6.29%$765.48
123,800 at 6.3%$766.29
123,800 at 6.31%$767.10
123,800 at 6.32%$767.90
123,800 at 6.33%$768.71
123,800 at 6.34%$769.52
123,800 at 6.35%$770.33
123,800 at 6.36%$771.14
123,800 at 6.37%$771.95
123,800 at 6.38%$772.76
123,800 at 6.39%$773.57
123,800 at 6.4%$774.38
123,800 at 6.41%$775.19
123,800 at 6.42%$776.00
123,800 at 6.43%$776.81
123,800 at 6.44%$777.62
123,800 at 6.45%$778.43
123,800 at 6.46%$779.25
123,800 at 6.47%$780.06
123,800 at 6.48%$780.87
123,800 at 6.49%$781.69
123,800 at 6.5%$782.50
Interest Rate 30 Year
123,800 at 6.51%$783.31
123,800 at 6.52%$784.13
123,800 at 6.53%$784.94
123,800 at 6.54%$785.76
123,800 at 6.55%$786.58
123,800 at 6.56%$787.39
123,800 at 6.57%$788.21
123,800 at 6.58%$789.02
123,800 at 6.59%$789.84
123,800 at 6.6%$790.66
123,800 at 6.61%$791.48
123,800 at 6.62%$792.30
123,800 at 6.63%$793.11
123,800 at 6.64%$793.93
123,800 at 6.65%$794.75
123,800 at 6.66%$795.57
123,800 at 6.67%$796.39
123,800 at 6.68%$797.21
123,800 at 6.69%$798.03
123,800 at 6.7%$798.85
123,800 at 6.71%$799.68
123,800 at 6.72%$800.50
123,800 at 6.73%$801.32
123,800 at 6.74%$802.14
123,800 at 6.75%$802.96
123,800 at 6.76%$803.79
123,800 at 6.77%$804.61
123,800 at 6.78%$805.43
123,800 at 6.79%$806.26
123,800 at 6.8%$807.08
123,800 at 6.81%$807.91
123,800 at 6.82%$808.73
123,800 at 6.83%$809.56
123,800 at 6.84%$810.38
123,800 at 6.85%$811.21
123,800 at 6.86%$812.04
123,800 at 6.87%$812.86
123,800 at 6.88%$813.69
123,800 at 6.89%$814.52
123,800 at 6.9%$815.35
123,800 at 6.91%$816.18
123,800 at 6.92%$817.00
123,800 at 6.93%$817.83
123,800 at 6.94%$818.66
123,800 at 6.95%$819.49
123,800 at 6.96%$820.32
123,800 at 6.97%$821.15
123,800 at 6.98%$821.98
123,800 at 6.99%$822.81
123,800 at 7%$823.64
123,800 at 7.01%$824.48
123,800 at 7.02%$825.31
123,800 at 7.03%$826.14
123,800 at 7.04%$826.97
123,800 at 7.05%$827.81
123,800 at 7.06%$828.64
123,800 at 7.07%$829.47
123,800 at 7.08%$830.31
123,800 at 7.09%$831.14
123,800 at 7.1%$831.98
123,800 at 7.11%$832.81
123,800 at 7.12%$833.65
123,800 at 7.13%$834.48
123,800 at 7.14%$835.32
123,800 at 7.15%$836.15
123,800 at 7.16%$836.99
123,800 at 7.17%$837.83
123,800 at 7.18%$838.66
123,800 at 7.19%$839.50
123,800 at 7.2%$840.34
123,800 at 7.21%$841.18
123,800 at 7.22%$842.02
123,800 at 7.23%$842.86
123,800 at 7.24%$843.69
123,800 at 7.25%$844.53
123,800 at 7.26%$845.37
123,800 at 7.27%$846.21
123,800 at 7.28%$847.05
123,800 at 7.29%$847.90
123,800 at 7.3%$848.74
123,800 at 7.31%$849.58
123,800 at 7.32%$850.42
123,800 at 7.33%$851.26
123,800 at 7.34%$852.10
123,800 at 7.35%$852.95
123,800 at 7.36%$853.79
123,800 at 7.37%$854.63
123,800 at 7.38%$855.48
123,800 at 7.39%$856.32
123,800 at 7.4%$857.17
123,800 at 7.41%$858.01
123,800 at 7.42%$858.86
123,800 at 7.43%$859.70
123,800 at 7.44%$860.55
123,800 at 7.45%$861.39
123,800 at 7.46%$862.24
123,800 at 7.47%$863.09
123,800 at 7.48%$863.93
123,800 at 7.49%$864.78
123,800 at 7.5%$865.63
123,800 at 7.51%$866.48
123,800 at 7.52%$867.32
123,800 at 7.53%$868.17
123,800 at 7.54%$869.02
123,800 at 7.55%$869.87
123,800 at 7.56%$870.72
123,800 at 7.57%$871.57
123,800 at 7.58%$872.42
123,800 at 7.59%$873.27
123,800 at 7.6%$874.12
123,800 at 7.61%$874.97
123,800 at 7.62%$875.82
123,800 at 7.63%$876.67
123,800 at 7.64%$877.53
123,800 at 7.65%$878.38
123,800 at 7.66%$879.23
123,800 at 7.67%$880.08
123,800 at 7.68%$880.94
123,800 at 7.69%$881.79
123,800 at 7.7%$882.64
123,800 at 7.71%$883.50
123,800 at 7.72%$884.35
123,800 at 7.73%$885.21
123,800 at 7.74%$886.06
123,800 at 7.75%$886.92
123,800 at 7.76%$887.77
123,800 at 7.77%$888.63
123,800 at 7.78%$889.49
123,800 at 7.79%$890.34
123,800 at 7.8%$891.20
123,800 at 7.81%$892.06
123,800 at 7.82%$892.91
123,800 at 7.83%$893.77
123,800 at 7.84%$894.63
123,800 at 7.85%$895.49
123,800 at 7.86%$896.35
123,800 at 7.87%$897.21
123,800 at 7.88%$898.07
123,800 at 7.89%$898.93
123,800 at 7.9%$899.79
123,800 at 7.91%$900.65
123,800 at 7.92%$901.51
123,800 at 7.93%$902.37
123,800 at 7.94%$903.23
123,800 at 7.95%$904.09
123,800 at 7.96%$904.95
123,800 at 7.97%$905.81
123,800 at 7.98%$906.68
123,800 at 7.99%$907.54
123,800 at 8%$908.40
More Amounts
What is the down payment for a $123,800 house? How much do you need to put down?
Percent Down Down Payment
1%1,238
2%2,476
3%3,714
4%4,952
5%6,190
6%7,428
7%8,666
8%9,904
9%11,142
10%12,380
11%13,618
12%14,856
13%16,094
14%17,332
15%18,570
16%19,808
17%21,046
18%22,284
19%23,522
20%24,760
Percent Down Down Payment
21%25,998
22%27,236
23%28,474
24%29,712
25%30,950
26%32,188
27%33,426
28%34,664
29%35,902
30%37,140
31%38,378
32%39,616
33%40,854
34%42,092
35%43,330
36%44,568
37%45,806
38%47,044
39%48,282
40%49,520
Percent Down Down Payment
41%50,758
42%51,996
43%53,234
44%54,472
45%55,710
46%56,948
47%58,186
48%59,424
49%60,662
50%61,900
51%63,138
52%64,376
53%65,614
54%66,852
55%68,090
56%69,328
57%70,566
58%71,804
59%73,042
60%74,280
Percent Down Down Payment
61%75,518
62%76,756
63%77,994
64%79,232
65%80,470
66%81,708
67%82,946
68%84,184
69%85,422
70%86,660
71%87,898
72%89,136
73%90,374
74%91,612
75%92,850
76%94,088
77%95,326
78%96,564
79%97,802
80%99,040
Percent Down Down Payment
81%100,278
82%101,516
83%102,754
84%103,992
85%105,230
86%106,468
87%107,706
88%108,944
89%110,182
90%111,420
91%112,658
92%113,896
93%115,134
94%116,372
95%117,610
96%118,848
97%120,086
98%121,324
99%122,562
100%123,800
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.