$124,400 Mortgage for 30 Years

What is the monthly payment of a 124,400 dollar loan?
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Loan Tables for a $124,400 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 $124,400 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
124,400 at 2.01%$460.43
124,400 at 2.02%$461.05
124,400 at 2.03%$461.68
124,400 at 2.04%$462.30
124,400 at 2.05%$462.92
124,400 at 2.06%$463.55
124,400 at 2.07%$464.17
124,400 at 2.08%$464.80
124,400 at 2.09%$465.43
124,400 at 2.1%$466.05
124,400 at 2.11%$466.68
124,400 at 2.12%$467.31
124,400 at 2.13%$467.94
124,400 at 2.14%$468.56
124,400 at 2.15%$469.19
124,400 at 2.16%$469.82
124,400 at 2.17%$470.45
124,400 at 2.18%$471.08
124,400 at 2.19%$471.72
124,400 at 2.2%$472.35
124,400 at 2.21%$472.98
124,400 at 2.22%$473.61
124,400 at 2.23%$474.25
124,400 at 2.24%$474.88
124,400 at 2.25%$475.51
124,400 at 2.26%$476.15
124,400 at 2.27%$476.78
124,400 at 2.28%$477.42
124,400 at 2.29%$478.06
124,400 at 2.3%$478.69
124,400 at 2.31%$479.33
124,400 at 2.32%$479.97
124,400 at 2.33%$480.61
124,400 at 2.34%$481.24
124,400 at 2.35%$481.88
124,400 at 2.36%$482.52
124,400 at 2.37%$483.16
124,400 at 2.38%$483.80
124,400 at 2.39%$484.45
124,400 at 2.4%$485.09
124,400 at 2.41%$485.73
124,400 at 2.42%$486.37
124,400 at 2.43%$487.01
124,400 at 2.44%$487.66
124,400 at 2.45%$488.30
124,400 at 2.46%$488.95
124,400 at 2.47%$489.59
124,400 at 2.48%$490.24
124,400 at 2.49%$490.88
124,400 at 2.5%$491.53
124,400 at 2.51%$492.18
124,400 at 2.52%$492.82
124,400 at 2.53%$493.47
124,400 at 2.54%$494.12
124,400 at 2.55%$494.77
124,400 at 2.56%$495.42
124,400 at 2.57%$496.07
124,400 at 2.58%$496.72
124,400 at 2.59%$497.37
124,400 at 2.6%$498.02
124,400 at 2.61%$498.67
124,400 at 2.62%$499.33
124,400 at 2.63%$499.98
124,400 at 2.64%$500.63
124,400 at 2.65%$501.29
124,400 at 2.66%$501.94
124,400 at 2.67%$502.60
124,400 at 2.68%$503.25
124,400 at 2.69%$503.91
124,400 at 2.7%$504.56
124,400 at 2.71%$505.22
124,400 at 2.72%$505.88
124,400 at 2.73%$506.54
124,400 at 2.74%$507.19
124,400 at 2.75%$507.85
124,400 at 2.76%$508.51
124,400 at 2.77%$509.17
124,400 at 2.78%$509.83
124,400 at 2.79%$510.49
124,400 at 2.8%$511.15
124,400 at 2.81%$511.81
124,400 at 2.82%$512.48
124,400 at 2.83%$513.14
124,400 at 2.84%$513.80
124,400 at 2.85%$514.47
124,400 at 2.86%$515.13
124,400 at 2.87%$515.79
124,400 at 2.88%$516.46
124,400 at 2.89%$517.12
124,400 at 2.9%$517.79
124,400 at 2.91%$518.46
124,400 at 2.92%$519.12
124,400 at 2.93%$519.79
124,400 at 2.94%$520.46
124,400 at 2.95%$521.13
124,400 at 2.96%$521.80
124,400 at 2.97%$522.46
124,400 at 2.98%$523.13
124,400 at 2.99%$523.80
124,400 at 3%$524.48
124,400 at 3.01%$525.15
124,400 at 3.02%$525.82
124,400 at 3.03%$526.49
124,400 at 3.04%$527.16
124,400 at 3.05%$527.84
124,400 at 3.06%$528.51
124,400 at 3.07%$529.18
124,400 at 3.08%$529.86
124,400 at 3.09%$530.53
124,400 at 3.1%$531.21
124,400 at 3.11%$531.88
124,400 at 3.12%$532.56
124,400 at 3.13%$533.24
124,400 at 3.14%$533.91
124,400 at 3.15%$534.59
124,400 at 3.16%$535.27
124,400 at 3.17%$535.95
124,400 at 3.18%$536.63
124,400 at 3.19%$537.31
124,400 at 3.2%$537.99
124,400 at 3.21%$538.67
124,400 at 3.22%$539.35
124,400 at 3.23%$540.03
124,400 at 3.24%$540.71
124,400 at 3.25%$541.40
124,400 at 3.26%$542.08
124,400 at 3.27%$542.76
124,400 at 3.28%$543.45
124,400 at 3.29%$544.13
124,400 at 3.3%$544.82
124,400 at 3.31%$545.50
124,400 at 3.32%$546.19
124,400 at 3.33%$546.87
124,400 at 3.34%$547.56
124,400 at 3.35%$548.25
124,400 at 3.36%$548.94
124,400 at 3.37%$549.62
124,400 at 3.38%$550.31
124,400 at 3.39%$551.00
124,400 at 3.4%$551.69
124,400 at 3.41%$552.38
124,400 at 3.42%$553.07
124,400 at 3.43%$553.76
124,400 at 3.44%$554.45
124,400 at 3.45%$555.15
124,400 at 3.46%$555.84
124,400 at 3.47%$556.53
124,400 at 3.48%$557.22
124,400 at 3.49%$557.92
124,400 at 3.5%$558.61
Interest Rate 30 Year
124,400 at 3.51%$559.31
124,400 at 3.52%$560.00
124,400 at 3.53%$560.70
124,400 at 3.54%$561.39
124,400 at 3.55%$562.09
124,400 at 3.56%$562.79
124,400 at 3.57%$563.48
124,400 at 3.58%$564.18
124,400 at 3.59%$564.88
124,400 at 3.6%$565.58
124,400 at 3.61%$566.28
124,400 at 3.62%$566.98
124,400 at 3.63%$567.68
124,400 at 3.64%$568.38
124,400 at 3.65%$569.08
124,400 at 3.66%$569.78
124,400 at 3.67%$570.48
124,400 at 3.68%$571.19
124,400 at 3.69%$571.89
124,400 at 3.7%$572.59
124,400 at 3.71%$573.30
124,400 at 3.72%$574.00
124,400 at 3.73%$574.70
124,400 at 3.74%$575.41
124,400 at 3.75%$576.12
124,400 at 3.76%$576.82
124,400 at 3.77%$577.53
124,400 at 3.78%$578.24
124,400 at 3.79%$578.94
124,400 at 3.8%$579.65
124,400 at 3.81%$580.36
124,400 at 3.82%$581.07
124,400 at 3.83%$581.78
124,400 at 3.84%$582.49
124,400 at 3.85%$583.20
124,400 at 3.86%$583.91
124,400 at 3.87%$584.62
124,400 at 3.88%$585.33
124,400 at 3.89%$586.04
124,400 at 3.9%$586.76
124,400 at 3.91%$587.47
124,400 at 3.92%$588.18
124,400 at 3.93%$588.90
124,400 at 3.94%$589.61
124,400 at 3.95%$590.32
124,400 at 3.96%$591.04
124,400 at 3.97%$591.76
124,400 at 3.98%$592.47
124,400 at 3.99%$593.19
124,400 at 4%$593.90
124,400 at 4.01%$594.62
124,400 at 4.02%$595.34
124,400 at 4.03%$596.06
124,400 at 4.04%$596.78
124,400 at 4.05%$597.50
124,400 at 4.06%$598.22
124,400 at 4.07%$598.94
124,400 at 4.08%$599.66
124,400 at 4.09%$600.38
124,400 at 4.1%$601.10
124,400 at 4.11%$601.82
124,400 at 4.12%$602.54
124,400 at 4.13%$603.27
124,400 at 4.14%$603.99
124,400 at 4.15%$604.71
124,400 at 4.16%$605.44
124,400 at 4.17%$606.16
124,400 at 4.18%$606.89
124,400 at 4.19%$607.61
124,400 at 4.2%$608.34
124,400 at 4.21%$609.06
124,400 at 4.22%$609.79
124,400 at 4.23%$610.52
124,400 at 4.24%$611.25
124,400 at 4.25%$611.97
124,400 at 4.26%$612.70
124,400 at 4.27%$613.43
124,400 at 4.28%$614.16
124,400 at 4.29%$614.89
124,400 at 4.3%$615.62
124,400 at 4.31%$616.35
124,400 at 4.32%$617.08
124,400 at 4.33%$617.81
124,400 at 4.34%$618.55
124,400 at 4.35%$619.28
124,400 at 4.36%$620.01
124,400 at 4.37%$620.74
124,400 at 4.38%$621.48
124,400 at 4.39%$622.21
124,400 at 4.4%$622.95
124,400 at 4.41%$623.68
124,400 at 4.42%$624.42
124,400 at 4.43%$625.15
124,400 at 4.44%$625.89
124,400 at 4.45%$626.63
124,400 at 4.46%$627.36
124,400 at 4.47%$628.10
124,400 at 4.48%$628.84
124,400 at 4.49%$629.58
124,400 at 4.5%$630.32
124,400 at 4.51%$631.06
124,400 at 4.52%$631.80
124,400 at 4.53%$632.54
124,400 at 4.54%$633.28
124,400 at 4.55%$634.02
124,400 at 4.56%$634.76
124,400 at 4.57%$635.50
124,400 at 4.58%$636.24
124,400 at 4.59%$636.99
124,400 at 4.6%$637.73
124,400 at 4.61%$638.47
124,400 at 4.62%$639.22
124,400 at 4.63%$639.96
124,400 at 4.64%$640.71
124,400 at 4.65%$641.45
124,400 at 4.66%$642.20
124,400 at 4.67%$642.94
124,400 at 4.68%$643.69
124,400 at 4.69%$644.44
124,400 at 4.7%$645.19
124,400 at 4.71%$645.93
124,400 at 4.72%$646.68
124,400 at 4.73%$647.43
124,400 at 4.74%$648.18
124,400 at 4.75%$648.93
124,400 at 4.76%$649.68
124,400 at 4.77%$650.43
124,400 at 4.78%$651.18
124,400 at 4.79%$651.93
124,400 at 4.8%$652.68
124,400 at 4.81%$653.44
124,400 at 4.82%$654.19
124,400 at 4.83%$654.94
124,400 at 4.84%$655.69
124,400 at 4.85%$656.45
124,400 at 4.86%$657.20
124,400 at 4.87%$657.96
124,400 at 4.88%$658.71
124,400 at 4.89%$659.47
124,400 at 4.9%$660.22
124,400 at 4.91%$660.98
124,400 at 4.92%$661.74
124,400 at 4.93%$662.49
124,400 at 4.94%$663.25
124,400 at 4.95%$664.01
124,400 at 4.96%$664.77
124,400 at 4.97%$665.53
124,400 at 4.98%$666.29
124,400 at 4.99%$667.05
124,400 at 5%$667.81
Interest Rate 30 Year
124,400 at 5.01%$668.57
124,400 at 5.02%$669.33
124,400 at 5.03%$670.09
124,400 at 5.04%$670.85
124,400 at 5.05%$671.61
124,400 at 5.06%$672.38
124,400 at 5.07%$673.14
124,400 at 5.08%$673.90
124,400 at 5.09%$674.67
124,400 at 5.1%$675.43
124,400 at 5.11%$676.19
124,400 at 5.12%$676.96
124,400 at 5.13%$677.72
124,400 at 5.14%$678.49
124,400 at 5.15%$679.26
124,400 at 5.16%$680.02
124,400 at 5.17%$680.79
124,400 at 5.18%$681.56
124,400 at 5.19%$682.33
124,400 at 5.2%$683.09
124,400 at 5.21%$683.86
124,400 at 5.22%$684.63
124,400 at 5.23%$685.40
124,400 at 5.24%$686.17
124,400 at 5.25%$686.94
124,400 at 5.26%$687.71
124,400 at 5.27%$688.48
124,400 at 5.28%$689.25
124,400 at 5.29%$690.03
124,400 at 5.3%$690.80
124,400 at 5.31%$691.57
124,400 at 5.32%$692.34
124,400 at 5.33%$693.12
124,400 at 5.34%$693.89
124,400 at 5.35%$694.67
124,400 at 5.36%$695.44
124,400 at 5.37%$696.22
124,400 at 5.38%$696.99
124,400 at 5.39%$697.77
124,400 at 5.4%$698.54
124,400 at 5.41%$699.32
124,400 at 5.42%$700.10
124,400 at 5.43%$700.88
124,400 at 5.44%$701.65
124,400 at 5.45%$702.43
124,400 at 5.46%$703.21
124,400 at 5.47%$703.99
124,400 at 5.48%$704.77
124,400 at 5.49%$705.55
124,400 at 5.5%$706.33
124,400 at 5.51%$707.11
124,400 at 5.52%$707.89
124,400 at 5.53%$708.67
124,400 at 5.54%$709.45
124,400 at 5.55%$710.24
124,400 at 5.56%$711.02
124,400 at 5.57%$711.80
124,400 at 5.58%$712.59
124,400 at 5.59%$713.37
124,400 at 5.6%$714.15
124,400 at 5.61%$714.94
124,400 at 5.62%$715.72
124,400 at 5.63%$716.51
124,400 at 5.64%$717.30
124,400 at 5.65%$718.08
124,400 at 5.66%$718.87
124,400 at 5.67%$719.65
124,400 at 5.68%$720.44
124,400 at 5.69%$721.23
124,400 at 5.7%$722.02
124,400 at 5.71%$722.81
124,400 at 5.72%$723.60
124,400 at 5.73%$724.38
124,400 at 5.74%$725.17
124,400 at 5.75%$725.96
124,400 at 5.76%$726.76
124,400 at 5.77%$727.55
124,400 at 5.78%$728.34
124,400 at 5.79%$729.13
124,400 at 5.8%$729.92
124,400 at 5.81%$730.71
124,400 at 5.82%$731.51
124,400 at 5.83%$732.30
124,400 at 5.84%$733.09
124,400 at 5.85%$733.89
124,400 at 5.86%$734.68
124,400 at 5.87%$735.48
124,400 at 5.88%$736.27
124,400 at 5.89%$737.07
124,400 at 5.9%$737.86
124,400 at 5.91%$738.66
124,400 at 5.92%$739.45
124,400 at 5.93%$740.25
124,400 at 5.94%$741.05
124,400 at 5.95%$741.85
124,400 at 5.96%$742.64
124,400 at 5.97%$743.44
124,400 at 5.98%$744.24
124,400 at 5.99%$745.04
124,400 at 6%$745.84
124,400 at 6.01%$746.64
124,400 at 6.02%$747.44
124,400 at 6.03%$748.24
124,400 at 6.04%$749.04
124,400 at 6.05%$749.84
124,400 at 6.06%$750.65
124,400 at 6.07%$751.45
124,400 at 6.08%$752.25
124,400 at 6.09%$753.05
124,400 at 6.1%$753.86
124,400 at 6.11%$754.66
124,400 at 6.12%$755.47
124,400 at 6.13%$756.27
124,400 at 6.14%$757.07
124,400 at 6.15%$757.88
124,400 at 6.16%$758.69
124,400 at 6.17%$759.49
124,400 at 6.18%$760.30
124,400 at 6.19%$761.10
124,400 at 6.2%$761.91
124,400 at 6.21%$762.72
124,400 at 6.22%$763.53
124,400 at 6.23%$764.33
124,400 at 6.24%$765.14
124,400 at 6.25%$765.95
124,400 at 6.26%$766.76
124,400 at 6.27%$767.57
124,400 at 6.28%$768.38
124,400 at 6.29%$769.19
124,400 at 6.3%$770.00
124,400 at 6.31%$770.81
124,400 at 6.32%$771.62
124,400 at 6.33%$772.44
124,400 at 6.34%$773.25
124,400 at 6.35%$774.06
124,400 at 6.36%$774.87
124,400 at 6.37%$775.69
124,400 at 6.38%$776.50
124,400 at 6.39%$777.32
124,400 at 6.4%$778.13
124,400 at 6.41%$778.94
124,400 at 6.42%$779.76
124,400 at 6.43%$780.57
124,400 at 6.44%$781.39
124,400 at 6.45%$782.21
124,400 at 6.46%$783.02
124,400 at 6.47%$783.84
124,400 at 6.48%$784.66
124,400 at 6.49%$785.47
124,400 at 6.5%$786.29
Interest Rate 30 Year
124,400 at 6.51%$787.11
124,400 at 6.52%$787.93
124,400 at 6.53%$788.75
124,400 at 6.54%$789.57
124,400 at 6.55%$790.39
124,400 at 6.56%$791.21
124,400 at 6.57%$792.03
124,400 at 6.58%$792.85
124,400 at 6.59%$793.67
124,400 at 6.6%$794.49
124,400 at 6.61%$795.31
124,400 at 6.62%$796.14
124,400 at 6.63%$796.96
124,400 at 6.64%$797.78
124,400 at 6.65%$798.60
124,400 at 6.66%$799.43
124,400 at 6.67%$800.25
124,400 at 6.68%$801.08
124,400 at 6.69%$801.90
124,400 at 6.7%$802.73
124,400 at 6.71%$803.55
124,400 at 6.72%$804.38
124,400 at 6.73%$805.20
124,400 at 6.74%$806.03
124,400 at 6.75%$806.86
124,400 at 6.76%$807.68
124,400 at 6.77%$808.51
124,400 at 6.78%$809.34
124,400 at 6.79%$810.17
124,400 at 6.8%$810.99
124,400 at 6.81%$811.82
124,400 at 6.82%$812.65
124,400 at 6.83%$813.48
124,400 at 6.84%$814.31
124,400 at 6.85%$815.14
124,400 at 6.86%$815.97
124,400 at 6.87%$816.80
124,400 at 6.88%$817.64
124,400 at 6.89%$818.47
124,400 at 6.9%$819.30
124,400 at 6.91%$820.13
124,400 at 6.92%$820.96
124,400 at 6.93%$821.80
124,400 at 6.94%$822.63
124,400 at 6.95%$823.46
124,400 at 6.96%$824.30
124,400 at 6.97%$825.13
124,400 at 6.98%$825.97
124,400 at 6.99%$826.80
124,400 at 7%$827.64
124,400 at 7.01%$828.47
124,400 at 7.02%$829.31
124,400 at 7.03%$830.14
124,400 at 7.04%$830.98
124,400 at 7.05%$831.82
124,400 at 7.06%$832.66
124,400 at 7.07%$833.49
124,400 at 7.08%$834.33
124,400 at 7.09%$835.17
124,400 at 7.1%$836.01
124,400 at 7.11%$836.85
124,400 at 7.12%$837.69
124,400 at 7.13%$838.53
124,400 at 7.14%$839.37
124,400 at 7.15%$840.21
124,400 at 7.16%$841.05
124,400 at 7.17%$841.89
124,400 at 7.18%$842.73
124,400 at 7.19%$843.57
124,400 at 7.2%$844.41
124,400 at 7.21%$845.25
124,400 at 7.22%$846.10
124,400 at 7.23%$846.94
124,400 at 7.24%$847.78
124,400 at 7.25%$848.63
124,400 at 7.26%$849.47
124,400 at 7.27%$850.32
124,400 at 7.28%$851.16
124,400 at 7.29%$852.00
124,400 at 7.3%$852.85
124,400 at 7.31%$853.70
124,400 at 7.32%$854.54
124,400 at 7.33%$855.39
124,400 at 7.34%$856.23
124,400 at 7.35%$857.08
124,400 at 7.36%$857.93
124,400 at 7.37%$858.78
124,400 at 7.38%$859.62
124,400 at 7.39%$860.47
124,400 at 7.4%$861.32
124,400 at 7.41%$862.17
124,400 at 7.42%$863.02
124,400 at 7.43%$863.87
124,400 at 7.44%$864.72
124,400 at 7.45%$865.57
124,400 at 7.46%$866.42
124,400 at 7.47%$867.27
124,400 at 7.48%$868.12
124,400 at 7.49%$868.97
124,400 at 7.5%$869.82
124,400 at 7.51%$870.67
124,400 at 7.52%$871.53
124,400 at 7.53%$872.38
124,400 at 7.54%$873.23
124,400 at 7.55%$874.09
124,400 at 7.56%$874.94
124,400 at 7.57%$875.79
124,400 at 7.58%$876.65
124,400 at 7.59%$877.50
124,400 at 7.6%$878.36
124,400 at 7.61%$879.21
124,400 at 7.62%$880.07
124,400 at 7.63%$880.92
124,400 at 7.64%$881.78
124,400 at 7.65%$882.64
124,400 at 7.66%$883.49
124,400 at 7.67%$884.35
124,400 at 7.68%$885.21
124,400 at 7.69%$886.06
124,400 at 7.7%$886.92
124,400 at 7.71%$887.78
124,400 at 7.72%$888.64
124,400 at 7.73%$889.50
124,400 at 7.74%$890.36
124,400 at 7.75%$891.22
124,400 at 7.76%$892.08
124,400 at 7.77%$892.94
124,400 at 7.78%$893.80
124,400 at 7.79%$894.66
124,400 at 7.8%$895.52
124,400 at 7.81%$896.38
124,400 at 7.82%$897.24
124,400 at 7.83%$898.10
124,400 at 7.84%$898.97
124,400 at 7.85%$899.83
124,400 at 7.86%$900.69
124,400 at 7.87%$901.55
124,400 at 7.88%$902.42
124,400 at 7.89%$903.28
124,400 at 7.9%$904.15
124,400 at 7.91%$905.01
124,400 at 7.92%$905.87
124,400 at 7.93%$906.74
124,400 at 7.94%$907.61
124,400 at 7.95%$908.47
124,400 at 7.96%$909.34
124,400 at 7.97%$910.20
124,400 at 7.98%$911.07
124,400 at 7.99%$911.94
124,400 at 8%$912.80
More Amounts
What is the down payment for a $124,400 house? How much do you need to put down?
Percent Down Down Payment
1%1,244
2%2,488
3%3,732
4%4,976
5%6,220
6%7,464
7%8,708
8%9,952
9%11,196
10%12,440
11%13,684
12%14,928
13%16,172
14%17,416
15%18,660
16%19,904
17%21,148
18%22,392
19%23,636
20%24,880
Percent Down Down Payment
21%26,124
22%27,368
23%28,612
24%29,856
25%31,100
26%32,344
27%33,588
28%34,832
29%36,076
30%37,320
31%38,564
32%39,808
33%41,052
34%42,296
35%43,540
36%44,784
37%46,028
38%47,272
39%48,516
40%49,760
Percent Down Down Payment
41%51,004
42%52,248
43%53,492
44%54,736
45%55,980
46%57,224
47%58,468
48%59,712
49%60,956
50%62,200
51%63,444
52%64,688
53%65,932
54%67,176
55%68,420
56%69,664
57%70,908
58%72,152
59%73,396
60%74,640
Percent Down Down Payment
61%75,884
62%77,128
63%78,372
64%79,616
65%80,860
66%82,104
67%83,348
68%84,592
69%85,836
70%87,080
71%88,324
72%89,568
73%90,812
74%92,056
75%93,300
76%94,544
77%95,788
78%97,032
79%98,276
80%99,520
Percent Down Down Payment
81%100,764
82%102,008
83%103,252
84%104,496
85%105,740
86%106,984
87%108,228
88%109,472
89%110,716
90%111,960
91%113,204
92%114,448
93%115,692
94%116,936
95%118,180
96%119,424
97%120,668
98%121,912
99%123,156
100%124,400
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.