$129,700 Mortgage for 30 Years

What is the monthly payment of a 129,700 dollar loan?
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Loan Tables for a $129,700 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 130k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $129,700 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
129,700 at 2.01%$480.05
129,700 at 2.02%$480.69
129,700 at 2.03%$481.34
129,700 at 2.04%$481.99
129,700 at 2.05%$482.65
129,700 at 2.06%$483.30
129,700 at 2.07%$483.95
129,700 at 2.08%$484.60
129,700 at 2.09%$485.25
129,700 at 2.1%$485.91
129,700 at 2.11%$486.56
129,700 at 2.12%$487.22
129,700 at 2.13%$487.87
129,700 at 2.14%$488.53
129,700 at 2.15%$489.18
129,700 at 2.16%$489.84
129,700 at 2.17%$490.50
129,700 at 2.18%$491.16
129,700 at 2.19%$491.81
129,700 at 2.2%$492.47
129,700 at 2.21%$493.13
129,700 at 2.22%$493.79
129,700 at 2.23%$494.45
129,700 at 2.24%$495.11
129,700 at 2.25%$495.77
129,700 at 2.26%$496.43
129,700 at 2.27%$497.10
129,700 at 2.28%$497.76
129,700 at 2.29%$498.42
129,700 at 2.3%$499.09
129,700 at 2.31%$499.75
129,700 at 2.32%$500.42
129,700 at 2.33%$501.08
129,700 at 2.34%$501.75
129,700 at 2.35%$502.41
129,700 at 2.36%$503.08
129,700 at 2.37%$503.75
129,700 at 2.38%$504.42
129,700 at 2.39%$505.08
129,700 at 2.4%$505.75
129,700 at 2.41%$506.42
129,700 at 2.42%$507.09
129,700 at 2.43%$507.76
129,700 at 2.44%$508.43
129,700 at 2.45%$509.11
129,700 at 2.46%$509.78
129,700 at 2.47%$510.45
129,700 at 2.48%$511.12
129,700 at 2.49%$511.80
129,700 at 2.5%$512.47
129,700 at 2.51%$513.15
129,700 at 2.52%$513.82
129,700 at 2.53%$514.50
129,700 at 2.54%$515.17
129,700 at 2.55%$515.85
129,700 at 2.56%$516.53
129,700 at 2.57%$517.20
129,700 at 2.58%$517.88
129,700 at 2.59%$518.56
129,700 at 2.6%$519.24
129,700 at 2.61%$519.92
129,700 at 2.62%$520.60
129,700 at 2.63%$521.28
129,700 at 2.64%$521.96
129,700 at 2.65%$522.64
129,700 at 2.66%$523.33
129,700 at 2.67%$524.01
129,700 at 2.68%$524.69
129,700 at 2.69%$525.38
129,700 at 2.7%$526.06
129,700 at 2.71%$526.74
129,700 at 2.72%$527.43
129,700 at 2.73%$528.12
129,700 at 2.74%$528.80
129,700 at 2.75%$529.49
129,700 at 2.76%$530.18
129,700 at 2.77%$530.86
129,700 at 2.78%$531.55
129,700 at 2.79%$532.24
129,700 at 2.8%$532.93
129,700 at 2.81%$533.62
129,700 at 2.82%$534.31
129,700 at 2.83%$535.00
129,700 at 2.84%$535.69
129,700 at 2.85%$536.38
129,700 at 2.86%$537.08
129,700 at 2.87%$537.77
129,700 at 2.88%$538.46
129,700 at 2.89%$539.16
129,700 at 2.9%$539.85
129,700 at 2.91%$540.55
129,700 at 2.92%$541.24
129,700 at 2.93%$541.94
129,700 at 2.94%$542.63
129,700 at 2.95%$543.33
129,700 at 2.96%$544.03
129,700 at 2.97%$544.72
129,700 at 2.98%$545.42
129,700 at 2.99%$546.12
129,700 at 3%$546.82
129,700 at 3.01%$547.52
129,700 at 3.02%$548.22
129,700 at 3.03%$548.92
129,700 at 3.04%$549.62
129,700 at 3.05%$550.32
129,700 at 3.06%$551.03
129,700 at 3.07%$551.73
129,700 at 3.08%$552.43
129,700 at 3.09%$553.14
129,700 at 3.1%$553.84
129,700 at 3.11%$554.54
129,700 at 3.12%$555.25
129,700 at 3.13%$555.96
129,700 at 3.14%$556.66
129,700 at 3.15%$557.37
129,700 at 3.16%$558.08
129,700 at 3.17%$558.78
129,700 at 3.18%$559.49
129,700 at 3.19%$560.20
129,700 at 3.2%$560.91
129,700 at 3.21%$561.62
129,700 at 3.22%$562.33
129,700 at 3.23%$563.04
129,700 at 3.24%$563.75
129,700 at 3.25%$564.46
129,700 at 3.26%$565.17
129,700 at 3.27%$565.89
129,700 at 3.28%$566.60
129,700 at 3.29%$567.31
129,700 at 3.3%$568.03
129,700 at 3.31%$568.74
129,700 at 3.32%$569.46
129,700 at 3.33%$570.17
129,700 at 3.34%$570.89
129,700 at 3.35%$571.61
129,700 at 3.36%$572.32
129,700 at 3.37%$573.04
129,700 at 3.38%$573.76
129,700 at 3.39%$574.48
129,700 at 3.4%$575.20
129,700 at 3.41%$575.91
129,700 at 3.42%$576.63
129,700 at 3.43%$577.35
129,700 at 3.44%$578.08
129,700 at 3.45%$578.80
129,700 at 3.46%$579.52
129,700 at 3.47%$580.24
129,700 at 3.48%$580.96
129,700 at 3.49%$581.69
129,700 at 3.5%$582.41
Interest Rate 30 Year
129,700 at 3.51%$583.14
129,700 at 3.52%$583.86
129,700 at 3.53%$584.59
129,700 at 3.54%$585.31
129,700 at 3.55%$586.04
129,700 at 3.56%$586.76
129,700 at 3.57%$587.49
129,700 at 3.58%$588.22
129,700 at 3.59%$588.95
129,700 at 3.6%$589.68
129,700 at 3.61%$590.40
129,700 at 3.62%$591.13
129,700 at 3.63%$591.86
129,700 at 3.64%$592.59
129,700 at 3.65%$593.33
129,700 at 3.66%$594.06
129,700 at 3.67%$594.79
129,700 at 3.68%$595.52
129,700 at 3.69%$596.25
129,700 at 3.7%$596.99
129,700 at 3.71%$597.72
129,700 at 3.72%$598.46
129,700 at 3.73%$599.19
129,700 at 3.74%$599.93
129,700 at 3.75%$600.66
129,700 at 3.76%$601.40
129,700 at 3.77%$602.13
129,700 at 3.78%$602.87
129,700 at 3.79%$603.61
129,700 at 3.8%$604.35
129,700 at 3.81%$605.09
129,700 at 3.82%$605.82
129,700 at 3.83%$606.56
129,700 at 3.84%$607.30
129,700 at 3.85%$608.04
129,700 at 3.86%$608.79
129,700 at 3.87%$609.53
129,700 at 3.88%$610.27
129,700 at 3.89%$611.01
129,700 at 3.9%$611.75
129,700 at 3.91%$612.50
129,700 at 3.92%$613.24
129,700 at 3.93%$613.98
129,700 at 3.94%$614.73
129,700 at 3.95%$615.47
129,700 at 3.96%$616.22
129,700 at 3.97%$616.97
129,700 at 3.98%$617.71
129,700 at 3.99%$618.46
129,700 at 4%$619.21
129,700 at 4.01%$619.96
129,700 at 4.02%$620.70
129,700 at 4.03%$621.45
129,700 at 4.04%$622.20
129,700 at 4.05%$622.95
129,700 at 4.06%$623.70
129,700 at 4.07%$624.45
129,700 at 4.08%$625.20
129,700 at 4.09%$625.96
129,700 at 4.1%$626.71
129,700 at 4.11%$627.46
129,700 at 4.12%$628.21
129,700 at 4.13%$628.97
129,700 at 4.14%$629.72
129,700 at 4.15%$630.48
129,700 at 4.16%$631.23
129,700 at 4.17%$631.99
129,700 at 4.18%$632.74
129,700 at 4.19%$633.50
129,700 at 4.2%$634.26
129,700 at 4.21%$635.01
129,700 at 4.22%$635.77
129,700 at 4.23%$636.53
129,700 at 4.24%$637.29
129,700 at 4.25%$638.05
129,700 at 4.26%$638.81
129,700 at 4.27%$639.57
129,700 at 4.28%$640.33
129,700 at 4.29%$641.09
129,700 at 4.3%$641.85
129,700 at 4.31%$642.61
129,700 at 4.32%$643.37
129,700 at 4.33%$644.14
129,700 at 4.34%$644.90
129,700 at 4.35%$645.66
129,700 at 4.36%$646.43
129,700 at 4.37%$647.19
129,700 at 4.38%$647.96
129,700 at 4.39%$648.72
129,700 at 4.4%$649.49
129,700 at 4.41%$650.25
129,700 at 4.42%$651.02
129,700 at 4.43%$651.79
129,700 at 4.44%$652.56
129,700 at 4.45%$653.32
129,700 at 4.46%$654.09
129,700 at 4.47%$654.86
129,700 at 4.48%$655.63
129,700 at 4.49%$656.40
129,700 at 4.5%$657.17
129,700 at 4.51%$657.94
129,700 at 4.52%$658.71
129,700 at 4.53%$659.48
129,700 at 4.54%$660.26
129,700 at 4.55%$661.03
129,700 at 4.56%$661.80
129,700 at 4.57%$662.58
129,700 at 4.58%$663.35
129,700 at 4.59%$664.12
129,700 at 4.6%$664.90
129,700 at 4.61%$665.68
129,700 at 4.62%$666.45
129,700 at 4.63%$667.23
129,700 at 4.64%$668.00
129,700 at 4.65%$668.78
129,700 at 4.66%$669.56
129,700 at 4.67%$670.34
129,700 at 4.68%$671.11
129,700 at 4.69%$671.89
129,700 at 4.7%$672.67
129,700 at 4.71%$673.45
129,700 at 4.72%$674.23
129,700 at 4.73%$675.01
129,700 at 4.74%$675.80
129,700 at 4.75%$676.58
129,700 at 4.76%$677.36
129,700 at 4.77%$678.14
129,700 at 4.78%$678.92
129,700 at 4.79%$679.71
129,700 at 4.8%$680.49
129,700 at 4.81%$681.28
129,700 at 4.82%$682.06
129,700 at 4.83%$682.84
129,700 at 4.84%$683.63
129,700 at 4.85%$684.42
129,700 at 4.86%$685.20
129,700 at 4.87%$685.99
129,700 at 4.88%$686.78
129,700 at 4.89%$687.56
129,700 at 4.9%$688.35
129,700 at 4.91%$689.14
129,700 at 4.92%$689.93
129,700 at 4.93%$690.72
129,700 at 4.94%$691.51
129,700 at 4.95%$692.30
129,700 at 4.96%$693.09
129,700 at 4.97%$693.88
129,700 at 4.98%$694.67
129,700 at 4.99%$695.47
129,700 at 5%$696.26
Interest Rate 30 Year
129,700 at 5.01%$697.05
129,700 at 5.02%$697.84
129,700 at 5.03%$698.64
129,700 at 5.04%$699.43
129,700 at 5.05%$700.23
129,700 at 5.06%$701.02
129,700 at 5.07%$701.82
129,700 at 5.08%$702.61
129,700 at 5.09%$703.41
129,700 at 5.1%$704.21
129,700 at 5.11%$705.00
129,700 at 5.12%$705.80
129,700 at 5.13%$706.60
129,700 at 5.14%$707.40
129,700 at 5.15%$708.20
129,700 at 5.16%$709.00
129,700 at 5.17%$709.80
129,700 at 5.18%$710.60
129,700 at 5.19%$711.40
129,700 at 5.2%$712.20
129,700 at 5.21%$713.00
129,700 at 5.22%$713.80
129,700 at 5.23%$714.60
129,700 at 5.24%$715.41
129,700 at 5.25%$716.21
129,700 at 5.26%$717.01
129,700 at 5.27%$717.82
129,700 at 5.28%$718.62
129,700 at 5.29%$719.42
129,700 at 5.3%$720.23
129,700 at 5.31%$721.04
129,700 at 5.32%$721.84
129,700 at 5.33%$722.65
129,700 at 5.34%$723.46
129,700 at 5.35%$724.26
129,700 at 5.36%$725.07
129,700 at 5.37%$725.88
129,700 at 5.38%$726.69
129,700 at 5.39%$727.50
129,700 at 5.4%$728.31
129,700 at 5.41%$729.12
129,700 at 5.42%$729.93
129,700 at 5.43%$730.74
129,700 at 5.44%$731.55
129,700 at 5.45%$732.36
129,700 at 5.46%$733.17
129,700 at 5.47%$733.98
129,700 at 5.48%$734.80
129,700 at 5.49%$735.61
129,700 at 5.5%$736.42
129,700 at 5.51%$737.24
129,700 at 5.52%$738.05
129,700 at 5.53%$738.87
129,700 at 5.54%$739.68
129,700 at 5.55%$740.50
129,700 at 5.56%$741.31
129,700 at 5.57%$742.13
129,700 at 5.58%$742.95
129,700 at 5.59%$743.76
129,700 at 5.6%$744.58
129,700 at 5.61%$745.40
129,700 at 5.62%$746.22
129,700 at 5.63%$747.04
129,700 at 5.64%$747.86
129,700 at 5.65%$748.67
129,700 at 5.66%$749.49
129,700 at 5.67%$750.32
129,700 at 5.68%$751.14
129,700 at 5.69%$751.96
129,700 at 5.7%$752.78
129,700 at 5.71%$753.60
129,700 at 5.72%$754.42
129,700 at 5.73%$755.25
129,700 at 5.74%$756.07
129,700 at 5.75%$756.89
129,700 at 5.76%$757.72
129,700 at 5.77%$758.54
129,700 at 5.78%$759.37
129,700 at 5.79%$760.19
129,700 at 5.8%$761.02
129,700 at 5.81%$761.84
129,700 at 5.82%$762.67
129,700 at 5.83%$763.50
129,700 at 5.84%$764.33
129,700 at 5.85%$765.15
129,700 at 5.86%$765.98
129,700 at 5.87%$766.81
129,700 at 5.88%$767.64
129,700 at 5.89%$768.47
129,700 at 5.9%$769.30
129,700 at 5.91%$770.13
129,700 at 5.92%$770.96
129,700 at 5.93%$771.79
129,700 at 5.94%$772.62
129,700 at 5.95%$773.45
129,700 at 5.96%$774.28
129,700 at 5.97%$775.12
129,700 at 5.98%$775.95
129,700 at 5.99%$776.78
129,700 at 6%$777.62
129,700 at 6.01%$778.45
129,700 at 6.02%$779.29
129,700 at 6.03%$780.12
129,700 at 6.04%$780.96
129,700 at 6.05%$781.79
129,700 at 6.06%$782.63
129,700 at 6.07%$783.46
129,700 at 6.08%$784.30
129,700 at 6.09%$785.14
129,700 at 6.1%$785.98
129,700 at 6.11%$786.81
129,700 at 6.12%$787.65
129,700 at 6.13%$788.49
129,700 at 6.14%$789.33
129,700 at 6.15%$790.17
129,700 at 6.16%$791.01
129,700 at 6.17%$791.85
129,700 at 6.18%$792.69
129,700 at 6.19%$793.53
129,700 at 6.2%$794.37
129,700 at 6.21%$795.21
129,700 at 6.22%$796.06
129,700 at 6.23%$796.90
129,700 at 6.24%$797.74
129,700 at 6.25%$798.59
129,700 at 6.26%$799.43
129,700 at 6.27%$800.27
129,700 at 6.28%$801.12
129,700 at 6.29%$801.96
129,700 at 6.3%$802.81
129,700 at 6.31%$803.65
129,700 at 6.32%$804.50
129,700 at 6.33%$805.35
129,700 at 6.34%$806.19
129,700 at 6.35%$807.04
129,700 at 6.36%$807.89
129,700 at 6.37%$808.74
129,700 at 6.38%$809.58
129,700 at 6.39%$810.43
129,700 at 6.4%$811.28
129,700 at 6.41%$812.13
129,700 at 6.42%$812.98
129,700 at 6.43%$813.83
129,700 at 6.44%$814.68
129,700 at 6.45%$815.53
129,700 at 6.46%$816.38
129,700 at 6.47%$817.23
129,700 at 6.48%$818.09
129,700 at 6.49%$818.94
129,700 at 6.5%$819.79
Interest Rate 30 Year
129,700 at 6.51%$820.65
129,700 at 6.52%$821.50
129,700 at 6.53%$822.35
129,700 at 6.54%$823.21
129,700 at 6.55%$824.06
129,700 at 6.56%$824.92
129,700 at 6.57%$825.77
129,700 at 6.58%$826.63
129,700 at 6.59%$827.48
129,700 at 6.6%$828.34
129,700 at 6.61%$829.20
129,700 at 6.62%$830.05
129,700 at 6.63%$830.91
129,700 at 6.64%$831.77
129,700 at 6.65%$832.63
129,700 at 6.66%$833.49
129,700 at 6.67%$834.35
129,700 at 6.68%$835.21
129,700 at 6.69%$836.07
129,700 at 6.7%$836.93
129,700 at 6.71%$837.79
129,700 at 6.72%$838.65
129,700 at 6.73%$839.51
129,700 at 6.74%$840.37
129,700 at 6.75%$841.23
129,700 at 6.76%$842.09
129,700 at 6.77%$842.96
129,700 at 6.78%$843.82
129,700 at 6.79%$844.68
129,700 at 6.8%$845.55
129,700 at 6.81%$846.41
129,700 at 6.82%$847.28
129,700 at 6.83%$848.14
129,700 at 6.84%$849.01
129,700 at 6.85%$849.87
129,700 at 6.86%$850.74
129,700 at 6.87%$851.60
129,700 at 6.88%$852.47
129,700 at 6.89%$853.34
129,700 at 6.9%$854.20
129,700 at 6.91%$855.07
129,700 at 6.92%$855.94
129,700 at 6.93%$856.81
129,700 at 6.94%$857.68
129,700 at 6.95%$858.55
129,700 at 6.96%$859.42
129,700 at 6.97%$860.29
129,700 at 6.98%$861.16
129,700 at 6.99%$862.03
129,700 at 7%$862.90
129,700 at 7.01%$863.77
129,700 at 7.02%$864.64
129,700 at 7.03%$865.51
129,700 at 7.04%$866.38
129,700 at 7.05%$867.26
129,700 at 7.06%$868.13
129,700 at 7.07%$869.00
129,700 at 7.08%$869.88
129,700 at 7.09%$870.75
129,700 at 7.1%$871.63
129,700 at 7.11%$872.50
129,700 at 7.12%$873.38
129,700 at 7.13%$874.25
129,700 at 7.14%$875.13
129,700 at 7.15%$876.00
129,700 at 7.16%$876.88
129,700 at 7.17%$877.76
129,700 at 7.18%$878.63
129,700 at 7.19%$879.51
129,700 at 7.2%$880.39
129,700 at 7.21%$881.27
129,700 at 7.22%$882.15
129,700 at 7.23%$883.02
129,700 at 7.24%$883.90
129,700 at 7.25%$884.78
129,700 at 7.26%$885.66
129,700 at 7.27%$886.54
129,700 at 7.28%$887.42
129,700 at 7.29%$888.30
129,700 at 7.3%$889.19
129,700 at 7.31%$890.07
129,700 at 7.32%$890.95
129,700 at 7.33%$891.83
129,700 at 7.34%$892.71
129,700 at 7.35%$893.60
129,700 at 7.36%$894.48
129,700 at 7.37%$895.36
129,700 at 7.38%$896.25
129,700 at 7.39%$897.13
129,700 at 7.4%$898.02
129,700 at 7.41%$898.90
129,700 at 7.42%$899.79
129,700 at 7.43%$900.67
129,700 at 7.44%$901.56
129,700 at 7.45%$902.44
129,700 at 7.46%$903.33
129,700 at 7.47%$904.22
129,700 at 7.48%$905.11
129,700 at 7.49%$905.99
129,700 at 7.5%$906.88
129,700 at 7.51%$907.77
129,700 at 7.52%$908.66
129,700 at 7.53%$909.55
129,700 at 7.54%$910.44
129,700 at 7.55%$911.33
129,700 at 7.56%$912.22
129,700 at 7.57%$913.11
129,700 at 7.58%$914.00
129,700 at 7.59%$914.89
129,700 at 7.6%$915.78
129,700 at 7.61%$916.67
129,700 at 7.62%$917.56
129,700 at 7.63%$918.45
129,700 at 7.64%$919.35
129,700 at 7.65%$920.24
129,700 at 7.66%$921.13
129,700 at 7.67%$922.03
129,700 at 7.68%$922.92
129,700 at 7.69%$923.81
129,700 at 7.7%$924.71
129,700 at 7.71%$925.60
129,700 at 7.72%$926.50
129,700 at 7.73%$927.39
129,700 at 7.74%$928.29
129,700 at 7.75%$929.19
129,700 at 7.76%$930.08
129,700 at 7.77%$930.98
129,700 at 7.78%$931.88
129,700 at 7.79%$932.77
129,700 at 7.8%$933.67
129,700 at 7.81%$934.57
129,700 at 7.82%$935.47
129,700 at 7.83%$936.37
129,700 at 7.84%$937.27
129,700 at 7.85%$938.17
129,700 at 7.86%$939.06
129,700 at 7.87%$939.96
129,700 at 7.88%$940.87
129,700 at 7.89%$941.77
129,700 at 7.9%$942.67
129,700 at 7.91%$943.57
129,700 at 7.92%$944.47
129,700 at 7.93%$945.37
129,700 at 7.94%$946.27
129,700 at 7.95%$947.18
129,700 at 7.96%$948.08
129,700 at 7.97%$948.98
129,700 at 7.98%$949.88
129,700 at 7.99%$950.79
129,700 at 8%$951.69
More Amounts
What is the down payment for a $129,700 house? How much do you need to put down?
Percent Down Down Payment
1%1,297
2%2,594
3%3,891
4%5,188
5%6,485
6%7,782
7%9,079
8%10,376
9%11,673
10%12,970
11%14,267
12%15,564
13%16,861
14%18,158
15%19,455
16%20,752
17%22,049
18%23,346
19%24,643
20%25,940
Percent Down Down Payment
21%27,237
22%28,534
23%29,831
24%31,128
25%32,425
26%33,722
27%35,019
28%36,316
29%37,613
30%38,910
31%40,207
32%41,504
33%42,801
34%44,098
35%45,395
36%46,692
37%47,989
38%49,286
39%50,583
40%51,880
Percent Down Down Payment
41%53,177
42%54,474
43%55,771
44%57,068
45%58,365
46%59,662
47%60,959
48%62,256
49%63,553
50%64,850
51%66,147
52%67,444
53%68,741
54%70,038
55%71,335
56%72,632
57%73,929
58%75,226
59%76,523
60%77,820
Percent Down Down Payment
61%79,117
62%80,414
63%81,711
64%83,008
65%84,305
66%85,602
67%86,899
68%88,196
69%89,493
70%90,790
71%92,087
72%93,384
73%94,681
74%95,978
75%97,275
76%98,572
77%99,869
78%101,166
79%102,463
80%103,760
Percent Down Down Payment
81%105,057
82%106,354
83%107,651
84%108,948
85%110,245
86%111,542
87%112,839
88%114,136
89%115,433
90%116,730
91%118,027
92%119,324
93%120,621
94%121,918
95%123,215
96%124,512
97%125,809
98%127,106
99%128,403
100%129,700
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.