$129,900 Mortgage for 30 Years

What is the monthly payment of a 129,900 dollar loan?
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Loan Tables for a $129,900 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 $129,900 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
129,900 at 2.01%$480.79
129,900 at 2.02%$481.44
129,900 at 2.03%$482.09
129,900 at 2.04%$482.74
129,900 at 2.05%$483.39
129,900 at 2.06%$484.04
129,900 at 2.07%$484.70
129,900 at 2.08%$485.35
129,900 at 2.09%$486.00
129,900 at 2.1%$486.66
129,900 at 2.11%$487.31
129,900 at 2.12%$487.97
129,900 at 2.13%$488.62
129,900 at 2.14%$489.28
129,900 at 2.15%$489.94
129,900 at 2.16%$490.60
129,900 at 2.17%$491.25
129,900 at 2.18%$491.91
129,900 at 2.19%$492.57
129,900 at 2.2%$493.23
129,900 at 2.21%$493.89
129,900 at 2.22%$494.55
129,900 at 2.23%$495.21
129,900 at 2.24%$495.88
129,900 at 2.25%$496.54
129,900 at 2.26%$497.20
129,900 at 2.27%$497.86
129,900 at 2.28%$498.53
129,900 at 2.29%$499.19
129,900 at 2.3%$499.86
129,900 at 2.31%$500.52
129,900 at 2.32%$501.19
129,900 at 2.33%$501.85
129,900 at 2.34%$502.52
129,900 at 2.35%$503.19
129,900 at 2.36%$503.86
129,900 at 2.37%$504.53
129,900 at 2.38%$505.19
129,900 at 2.39%$505.86
129,900 at 2.4%$506.53
129,900 at 2.41%$507.20
129,900 at 2.42%$507.88
129,900 at 2.43%$508.55
129,900 at 2.44%$509.22
129,900 at 2.45%$509.89
129,900 at 2.46%$510.56
129,900 at 2.47%$511.24
129,900 at 2.48%$511.91
129,900 at 2.49%$512.59
129,900 at 2.5%$513.26
129,900 at 2.51%$513.94
129,900 at 2.52%$514.61
129,900 at 2.53%$515.29
129,900 at 2.54%$515.97
129,900 at 2.55%$516.65
129,900 at 2.56%$517.32
129,900 at 2.57%$518.00
129,900 at 2.58%$518.68
129,900 at 2.59%$519.36
129,900 at 2.6%$520.04
129,900 at 2.61%$520.72
129,900 at 2.62%$521.40
129,900 at 2.63%$522.08
129,900 at 2.64%$522.77
129,900 at 2.65%$523.45
129,900 at 2.66%$524.13
129,900 at 2.67%$524.82
129,900 at 2.68%$525.50
129,900 at 2.69%$526.19
129,900 at 2.7%$526.87
129,900 at 2.71%$527.56
129,900 at 2.72%$528.24
129,900 at 2.73%$528.93
129,900 at 2.74%$529.62
129,900 at 2.75%$530.31
129,900 at 2.76%$530.99
129,900 at 2.77%$531.68
129,900 at 2.78%$532.37
129,900 at 2.79%$533.06
129,900 at 2.8%$533.75
129,900 at 2.81%$534.44
129,900 at 2.82%$535.13
129,900 at 2.83%$535.83
129,900 at 2.84%$536.52
129,900 at 2.85%$537.21
129,900 at 2.86%$537.90
129,900 at 2.87%$538.60
129,900 at 2.88%$539.29
129,900 at 2.89%$539.99
129,900 at 2.9%$540.68
129,900 at 2.91%$541.38
129,900 at 2.92%$542.07
129,900 at 2.93%$542.77
129,900 at 2.94%$543.47
129,900 at 2.95%$544.17
129,900 at 2.96%$544.87
129,900 at 2.97%$545.56
129,900 at 2.98%$546.26
129,900 at 2.99%$546.96
129,900 at 3%$547.66
129,900 at 3.01%$548.36
129,900 at 3.02%$549.07
129,900 at 3.03%$549.77
129,900 at 3.04%$550.47
129,900 at 3.05%$551.17
129,900 at 3.06%$551.88
129,900 at 3.07%$552.58
129,900 at 3.08%$553.28
129,900 at 3.09%$553.99
129,900 at 3.1%$554.69
129,900 at 3.11%$555.40
129,900 at 3.12%$556.11
129,900 at 3.13%$556.81
129,900 at 3.14%$557.52
129,900 at 3.15%$558.23
129,900 at 3.16%$558.94
129,900 at 3.17%$559.65
129,900 at 3.18%$560.35
129,900 at 3.19%$561.06
129,900 at 3.2%$561.77
129,900 at 3.21%$562.49
129,900 at 3.22%$563.20
129,900 at 3.23%$563.91
129,900 at 3.24%$564.62
129,900 at 3.25%$565.33
129,900 at 3.26%$566.05
129,900 at 3.27%$566.76
129,900 at 3.28%$567.47
129,900 at 3.29%$568.19
129,900 at 3.3%$568.90
129,900 at 3.31%$569.62
129,900 at 3.32%$570.34
129,900 at 3.33%$571.05
129,900 at 3.34%$571.77
129,900 at 3.35%$572.49
129,900 at 3.36%$573.20
129,900 at 3.37%$573.92
129,900 at 3.38%$574.64
129,900 at 3.39%$575.36
129,900 at 3.4%$576.08
129,900 at 3.41%$576.80
129,900 at 3.42%$577.52
129,900 at 3.43%$578.25
129,900 at 3.44%$578.97
129,900 at 3.45%$579.69
129,900 at 3.46%$580.41
129,900 at 3.47%$581.14
129,900 at 3.48%$581.86
129,900 at 3.49%$582.58
129,900 at 3.5%$583.31
Interest Rate 30 Year
129,900 at 3.51%$584.03
129,900 at 3.52%$584.76
129,900 at 3.53%$585.49
129,900 at 3.54%$586.21
129,900 at 3.55%$586.94
129,900 at 3.56%$587.67
129,900 at 3.57%$588.40
129,900 at 3.58%$589.13
129,900 at 3.59%$589.85
129,900 at 3.6%$590.58
129,900 at 3.61%$591.31
129,900 at 3.62%$592.05
129,900 at 3.63%$592.78
129,900 at 3.64%$593.51
129,900 at 3.65%$594.24
129,900 at 3.66%$594.97
129,900 at 3.67%$595.71
129,900 at 3.68%$596.44
129,900 at 3.69%$597.17
129,900 at 3.7%$597.91
129,900 at 3.71%$598.64
129,900 at 3.72%$599.38
129,900 at 3.73%$600.11
129,900 at 3.74%$600.85
129,900 at 3.75%$601.59
129,900 at 3.76%$602.32
129,900 at 3.77%$603.06
129,900 at 3.78%$603.80
129,900 at 3.79%$604.54
129,900 at 3.8%$605.28
129,900 at 3.81%$606.02
129,900 at 3.82%$606.76
129,900 at 3.83%$607.50
129,900 at 3.84%$608.24
129,900 at 3.85%$608.98
129,900 at 3.86%$609.72
129,900 at 3.87%$610.47
129,900 at 3.88%$611.21
129,900 at 3.89%$611.95
129,900 at 3.9%$612.70
129,900 at 3.91%$613.44
129,900 at 3.92%$614.19
129,900 at 3.93%$614.93
129,900 at 3.94%$615.68
129,900 at 3.95%$616.42
129,900 at 3.96%$617.17
129,900 at 3.97%$617.92
129,900 at 3.98%$618.67
129,900 at 3.99%$619.41
129,900 at 4%$620.16
129,900 at 4.01%$620.91
129,900 at 4.02%$621.66
129,900 at 4.03%$622.41
129,900 at 4.04%$623.16
129,900 at 4.05%$623.91
129,900 at 4.06%$624.66
129,900 at 4.07%$625.42
129,900 at 4.08%$626.17
129,900 at 4.09%$626.92
129,900 at 4.1%$627.67
129,900 at 4.11%$628.43
129,900 at 4.12%$629.18
129,900 at 4.13%$629.94
129,900 at 4.14%$630.69
129,900 at 4.15%$631.45
129,900 at 4.16%$632.20
129,900 at 4.17%$632.96
129,900 at 4.18%$633.72
129,900 at 4.19%$634.48
129,900 at 4.2%$635.23
129,900 at 4.21%$635.99
129,900 at 4.22%$636.75
129,900 at 4.23%$637.51
129,900 at 4.24%$638.27
129,900 at 4.25%$639.03
129,900 at 4.26%$639.79
129,900 at 4.27%$640.55
129,900 at 4.28%$641.31
129,900 at 4.29%$642.08
129,900 at 4.3%$642.84
129,900 at 4.31%$643.60
129,900 at 4.32%$644.36
129,900 at 4.33%$645.13
129,900 at 4.34%$645.89
129,900 at 4.35%$646.66
129,900 at 4.36%$647.42
129,900 at 4.37%$648.19
129,900 at 4.38%$648.95
129,900 at 4.39%$649.72
129,900 at 4.4%$650.49
129,900 at 4.41%$651.26
129,900 at 4.42%$652.02
129,900 at 4.43%$652.79
129,900 at 4.44%$653.56
129,900 at 4.45%$654.33
129,900 at 4.46%$655.10
129,900 at 4.47%$655.87
129,900 at 4.48%$656.64
129,900 at 4.49%$657.41
129,900 at 4.5%$658.18
129,900 at 4.51%$658.96
129,900 at 4.52%$659.73
129,900 at 4.53%$660.50
129,900 at 4.54%$661.28
129,900 at 4.55%$662.05
129,900 at 4.56%$662.82
129,900 at 4.57%$663.60
129,900 at 4.58%$664.37
129,900 at 4.59%$665.15
129,900 at 4.6%$665.93
129,900 at 4.61%$666.70
129,900 at 4.62%$667.48
129,900 at 4.63%$668.26
129,900 at 4.64%$669.03
129,900 at 4.65%$669.81
129,900 at 4.66%$670.59
129,900 at 4.67%$671.37
129,900 at 4.68%$672.15
129,900 at 4.69%$672.93
129,900 at 4.7%$673.71
129,900 at 4.71%$674.49
129,900 at 4.72%$675.27
129,900 at 4.73%$676.05
129,900 at 4.74%$676.84
129,900 at 4.75%$677.62
129,900 at 4.76%$678.40
129,900 at 4.77%$679.19
129,900 at 4.78%$679.97
129,900 at 4.79%$680.76
129,900 at 4.8%$681.54
129,900 at 4.81%$682.33
129,900 at 4.82%$683.11
129,900 at 4.83%$683.90
129,900 at 4.84%$684.68
129,900 at 4.85%$685.47
129,900 at 4.86%$686.26
129,900 at 4.87%$687.05
129,900 at 4.88%$687.84
129,900 at 4.89%$688.62
129,900 at 4.9%$689.41
129,900 at 4.91%$690.20
129,900 at 4.92%$690.99
129,900 at 4.93%$691.78
129,900 at 4.94%$692.58
129,900 at 4.95%$693.37
129,900 at 4.96%$694.16
129,900 at 4.97%$694.95
129,900 at 4.98%$695.74
129,900 at 4.99%$696.54
129,900 at 5%$697.33
Interest Rate 30 Year
129,900 at 5.01%$698.13
129,900 at 5.02%$698.92
129,900 at 5.03%$699.71
129,900 at 5.04%$700.51
129,900 at 5.05%$701.31
129,900 at 5.06%$702.10
129,900 at 5.07%$702.90
129,900 at 5.08%$703.70
129,900 at 5.09%$704.49
129,900 at 5.1%$705.29
129,900 at 5.11%$706.09
129,900 at 5.12%$706.89
129,900 at 5.13%$707.69
129,900 at 5.14%$708.49
129,900 at 5.15%$709.29
129,900 at 5.16%$710.09
129,900 at 5.17%$710.89
129,900 at 5.18%$711.69
129,900 at 5.19%$712.49
129,900 at 5.2%$713.30
129,900 at 5.21%$714.10
129,900 at 5.22%$714.90
129,900 at 5.23%$715.70
129,900 at 5.24%$716.51
129,900 at 5.25%$717.31
129,900 at 5.26%$718.12
129,900 at 5.27%$718.92
129,900 at 5.28%$719.73
129,900 at 5.29%$720.53
129,900 at 5.3%$721.34
129,900 at 5.31%$722.15
129,900 at 5.32%$722.95
129,900 at 5.33%$723.76
129,900 at 5.34%$724.57
129,900 at 5.35%$725.38
129,900 at 5.36%$726.19
129,900 at 5.37%$727.00
129,900 at 5.38%$727.81
129,900 at 5.39%$728.62
129,900 at 5.4%$729.43
129,900 at 5.41%$730.24
129,900 at 5.42%$731.05
129,900 at 5.43%$731.86
129,900 at 5.44%$732.68
129,900 at 5.45%$733.49
129,900 at 5.46%$734.30
129,900 at 5.47%$735.11
129,900 at 5.48%$735.93
129,900 at 5.49%$736.74
129,900 at 5.5%$737.56
129,900 at 5.51%$738.37
129,900 at 5.52%$739.19
129,900 at 5.53%$740.00
129,900 at 5.54%$740.82
129,900 at 5.55%$741.64
129,900 at 5.56%$742.46
129,900 at 5.57%$743.27
129,900 at 5.58%$744.09
129,900 at 5.59%$744.91
129,900 at 5.6%$745.73
129,900 at 5.61%$746.55
129,900 at 5.62%$747.37
129,900 at 5.63%$748.19
129,900 at 5.64%$749.01
129,900 at 5.65%$749.83
129,900 at 5.66%$750.65
129,900 at 5.67%$751.47
129,900 at 5.68%$752.29
129,900 at 5.69%$753.12
129,900 at 5.7%$753.94
129,900 at 5.71%$754.76
129,900 at 5.72%$755.59
129,900 at 5.73%$756.41
129,900 at 5.74%$757.24
129,900 at 5.75%$758.06
129,900 at 5.76%$758.89
129,900 at 5.77%$759.71
129,900 at 5.78%$760.54
129,900 at 5.79%$761.37
129,900 at 5.8%$762.19
129,900 at 5.81%$763.02
129,900 at 5.82%$763.85
129,900 at 5.83%$764.68
129,900 at 5.84%$765.50
129,900 at 5.85%$766.33
129,900 at 5.86%$767.16
129,900 at 5.87%$767.99
129,900 at 5.88%$768.82
129,900 at 5.89%$769.65
129,900 at 5.9%$770.48
129,900 at 5.91%$771.32
129,900 at 5.92%$772.15
129,900 at 5.93%$772.98
129,900 at 5.94%$773.81
129,900 at 5.95%$774.65
129,900 at 5.96%$775.48
129,900 at 5.97%$776.31
129,900 at 5.98%$777.15
129,900 at 5.99%$777.98
129,900 at 6%$778.82
129,900 at 6.01%$779.65
129,900 at 6.02%$780.49
129,900 at 6.03%$781.32
129,900 at 6.04%$782.16
129,900 at 6.05%$783.00
129,900 at 6.06%$783.83
129,900 at 6.07%$784.67
129,900 at 6.08%$785.51
129,900 at 6.09%$786.35
129,900 at 6.1%$787.19
129,900 at 6.11%$788.03
129,900 at 6.12%$788.87
129,900 at 6.13%$789.71
129,900 at 6.14%$790.55
129,900 at 6.15%$791.39
129,900 at 6.16%$792.23
129,900 at 6.17%$793.07
129,900 at 6.18%$793.91
129,900 at 6.19%$794.75
129,900 at 6.2%$795.60
129,900 at 6.21%$796.44
129,900 at 6.22%$797.28
129,900 at 6.23%$798.13
129,900 at 6.24%$798.97
129,900 at 6.25%$799.82
129,900 at 6.26%$800.66
129,900 at 6.27%$801.51
129,900 at 6.28%$802.35
129,900 at 6.29%$803.20
129,900 at 6.3%$804.05
129,900 at 6.31%$804.89
129,900 at 6.32%$805.74
129,900 at 6.33%$806.59
129,900 at 6.34%$807.44
129,900 at 6.35%$808.28
129,900 at 6.36%$809.13
129,900 at 6.37%$809.98
129,900 at 6.38%$810.83
129,900 at 6.39%$811.68
129,900 at 6.4%$812.53
129,900 at 6.41%$813.38
129,900 at 6.42%$814.23
129,900 at 6.43%$815.09
129,900 at 6.44%$815.94
129,900 at 6.45%$816.79
129,900 at 6.46%$817.64
129,900 at 6.47%$818.50
129,900 at 6.48%$819.35
129,900 at 6.49%$820.20
129,900 at 6.5%$821.06
Interest Rate 30 Year
129,900 at 6.51%$821.91
129,900 at 6.52%$822.77
129,900 at 6.53%$823.62
129,900 at 6.54%$824.48
129,900 at 6.55%$825.33
129,900 at 6.56%$826.19
129,900 at 6.57%$827.05
129,900 at 6.58%$827.90
129,900 at 6.59%$828.76
129,900 at 6.6%$829.62
129,900 at 6.61%$830.48
129,900 at 6.62%$831.33
129,900 at 6.63%$832.19
129,900 at 6.64%$833.05
129,900 at 6.65%$833.91
129,900 at 6.66%$834.77
129,900 at 6.67%$835.63
129,900 at 6.68%$836.49
129,900 at 6.69%$837.35
129,900 at 6.7%$838.22
129,900 at 6.71%$839.08
129,900 at 6.72%$839.94
129,900 at 6.73%$840.80
129,900 at 6.74%$841.67
129,900 at 6.75%$842.53
129,900 at 6.76%$843.39
129,900 at 6.77%$844.26
129,900 at 6.78%$845.12
129,900 at 6.79%$845.99
129,900 at 6.8%$846.85
129,900 at 6.81%$847.72
129,900 at 6.82%$848.58
129,900 at 6.83%$849.45
129,900 at 6.84%$850.31
129,900 at 6.85%$851.18
129,900 at 6.86%$852.05
129,900 at 6.87%$852.92
129,900 at 6.88%$853.78
129,900 at 6.89%$854.65
129,900 at 6.9%$855.52
129,900 at 6.91%$856.39
129,900 at 6.92%$857.26
129,900 at 6.93%$858.13
129,900 at 6.94%$859.00
129,900 at 6.95%$859.87
129,900 at 6.96%$860.74
129,900 at 6.97%$861.61
129,900 at 6.98%$862.48
129,900 at 6.99%$863.36
129,900 at 7%$864.23
129,900 at 7.01%$865.10
129,900 at 7.02%$865.97
129,900 at 7.03%$866.85
129,900 at 7.04%$867.72
129,900 at 7.05%$868.59
129,900 at 7.06%$869.47
129,900 at 7.07%$870.34
129,900 at 7.08%$871.22
129,900 at 7.09%$872.09
129,900 at 7.1%$872.97
129,900 at 7.11%$873.85
129,900 at 7.12%$874.72
129,900 at 7.13%$875.60
129,900 at 7.14%$876.48
129,900 at 7.15%$877.35
129,900 at 7.16%$878.23
129,900 at 7.17%$879.11
129,900 at 7.18%$879.99
129,900 at 7.19%$880.87
129,900 at 7.2%$881.75
129,900 at 7.21%$882.63
129,900 at 7.22%$883.51
129,900 at 7.23%$884.39
129,900 at 7.24%$885.27
129,900 at 7.25%$886.15
129,900 at 7.26%$887.03
129,900 at 7.27%$887.91
129,900 at 7.28%$888.79
129,900 at 7.29%$889.67
129,900 at 7.3%$890.56
129,900 at 7.31%$891.44
129,900 at 7.32%$892.32
129,900 at 7.33%$893.21
129,900 at 7.34%$894.09
129,900 at 7.35%$894.97
129,900 at 7.36%$895.86
129,900 at 7.37%$896.74
129,900 at 7.38%$897.63
129,900 at 7.39%$898.52
129,900 at 7.4%$899.40
129,900 at 7.41%$900.29
129,900 at 7.42%$901.17
129,900 at 7.43%$902.06
129,900 at 7.44%$902.95
129,900 at 7.45%$903.84
129,900 at 7.46%$904.72
129,900 at 7.47%$905.61
129,900 at 7.48%$906.50
129,900 at 7.49%$907.39
129,900 at 7.5%$908.28
129,900 at 7.51%$909.17
129,900 at 7.52%$910.06
129,900 at 7.53%$910.95
129,900 at 7.54%$911.84
129,900 at 7.55%$912.73
129,900 at 7.56%$913.62
129,900 at 7.57%$914.51
129,900 at 7.58%$915.41
129,900 at 7.59%$916.30
129,900 at 7.6%$917.19
129,900 at 7.61%$918.08
129,900 at 7.62%$918.98
129,900 at 7.63%$919.87
129,900 at 7.64%$920.76
129,900 at 7.65%$921.66
129,900 at 7.66%$922.55
129,900 at 7.67%$923.45
129,900 at 7.68%$924.34
129,900 at 7.69%$925.24
129,900 at 7.7%$926.14
129,900 at 7.71%$927.03
129,900 at 7.72%$927.93
129,900 at 7.73%$928.82
129,900 at 7.74%$929.72
129,900 at 7.75%$930.62
129,900 at 7.76%$931.52
129,900 at 7.77%$932.42
129,900 at 7.78%$933.31
129,900 at 7.79%$934.21
129,900 at 7.8%$935.11
129,900 at 7.81%$936.01
129,900 at 7.82%$936.91
129,900 at 7.83%$937.81
129,900 at 7.84%$938.71
129,900 at 7.85%$939.61
129,900 at 7.86%$940.51
129,900 at 7.87%$941.41
129,900 at 7.88%$942.32
129,900 at 7.89%$943.22
129,900 at 7.9%$944.12
129,900 at 7.91%$945.02
129,900 at 7.92%$945.93
129,900 at 7.93%$946.83
129,900 at 7.94%$947.73
129,900 at 7.95%$948.64
129,900 at 7.96%$949.54
129,900 at 7.97%$950.44
129,900 at 7.98%$951.35
129,900 at 7.99%$952.25
129,900 at 8%$953.16
More Amounts
What is the down payment for a $129,900 house? How much do you need to put down?
Percent Down Down Payment
1%1,299
2%2,598
3%3,897
4%5,196
5%6,495
6%7,794
7%9,093
8%10,392
9%11,691
10%12,990
11%14,289
12%15,588
13%16,887
14%18,186
15%19,485
16%20,784
17%22,083
18%23,382
19%24,681
20%25,980
Percent Down Down Payment
21%27,279
22%28,578
23%29,877
24%31,176
25%32,475
26%33,774
27%35,073
28%36,372
29%37,671
30%38,970
31%40,269
32%41,568
33%42,867
34%44,166
35%45,465
36%46,764
37%48,063
38%49,362
39%50,661
40%51,960
Percent Down Down Payment
41%53,259
42%54,558
43%55,857
44%57,156
45%58,455
46%59,754
47%61,053
48%62,352
49%63,651
50%64,950
51%66,249
52%67,548
53%68,847
54%70,146
55%71,445
56%72,744
57%74,043
58%75,342
59%76,641
60%77,940
Percent Down Down Payment
61%79,239
62%80,538
63%81,837
64%83,136
65%84,435
66%85,734
67%87,033
68%88,332
69%89,631
70%90,930
71%92,229
72%93,528
73%94,827
74%96,126
75%97,425
76%98,724
77%100,023
78%101,322
79%102,621
80%103,920
Percent Down Down Payment
81%105,219
82%106,518
83%107,817
84%109,116
85%110,415
86%111,714
87%113,013
88%114,312
89%115,611
90%116,910
91%118,209
92%119,508
93%120,807
94%122,106
95%123,405
96%124,704
97%126,003
98%127,302
99%128,601
100%129,900
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.