$31,250 Mortgage for 30 Years

What is the monthly payment of a 31,250 dollar loan?
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Loan Tables for a $31,250 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 31k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $31,250 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
31,250 at 2.01%$115.66
31,250 at 2.02%$115.82
31,250 at 2.03%$115.98
31,250 at 2.04%$116.13
31,250 at 2.05%$116.29
31,250 at 2.06%$116.45
31,250 at 2.07%$116.60
31,250 at 2.08%$116.76
31,250 at 2.09%$116.92
31,250 at 2.1%$117.08
31,250 at 2.11%$117.23
31,250 at 2.12%$117.39
31,250 at 2.13%$117.55
31,250 at 2.14%$117.71
31,250 at 2.15%$117.86
31,250 at 2.16%$118.02
31,250 at 2.17%$118.18
31,250 at 2.18%$118.34
31,250 at 2.19%$118.50
31,250 at 2.2%$118.66
31,250 at 2.21%$118.82
31,250 at 2.22%$118.97
31,250 at 2.23%$119.13
31,250 at 2.24%$119.29
31,250 at 2.25%$119.45
31,250 at 2.26%$119.61
31,250 at 2.27%$119.77
31,250 at 2.28%$119.93
31,250 at 2.29%$120.09
31,250 at 2.3%$120.25
31,250 at 2.31%$120.41
31,250 at 2.32%$120.57
31,250 at 2.33%$120.73
31,250 at 2.34%$120.89
31,250 at 2.35%$121.05
31,250 at 2.36%$121.21
31,250 at 2.37%$121.37
31,250 at 2.38%$121.53
31,250 at 2.39%$121.70
31,250 at 2.4%$121.86
31,250 at 2.41%$122.02
31,250 at 2.42%$122.18
31,250 at 2.43%$122.34
31,250 at 2.44%$122.50
31,250 at 2.45%$122.66
31,250 at 2.46%$122.83
31,250 at 2.47%$122.99
31,250 at 2.48%$123.15
31,250 at 2.49%$123.31
31,250 at 2.5%$123.48
31,250 at 2.51%$123.64
31,250 at 2.52%$123.80
31,250 at 2.53%$123.96
31,250 at 2.54%$124.13
31,250 at 2.55%$124.29
31,250 at 2.56%$124.45
31,250 at 2.57%$124.62
31,250 at 2.58%$124.78
31,250 at 2.59%$124.94
31,250 at 2.6%$125.11
31,250 at 2.61%$125.27
31,250 at 2.62%$125.43
31,250 at 2.63%$125.60
31,250 at 2.64%$125.76
31,250 at 2.65%$125.93
31,250 at 2.66%$126.09
31,250 at 2.67%$126.26
31,250 at 2.68%$126.42
31,250 at 2.69%$126.58
31,250 at 2.7%$126.75
31,250 at 2.71%$126.91
31,250 at 2.72%$127.08
31,250 at 2.73%$127.24
31,250 at 2.74%$127.41
31,250 at 2.75%$127.58
31,250 at 2.76%$127.74
31,250 at 2.77%$127.91
31,250 at 2.78%$128.07
31,250 at 2.79%$128.24
31,250 at 2.8%$128.40
31,250 at 2.81%$128.57
31,250 at 2.82%$128.74
31,250 at 2.83%$128.90
31,250 at 2.84%$129.07
31,250 at 2.85%$129.24
31,250 at 2.86%$129.40
31,250 at 2.87%$129.57
31,250 at 2.88%$129.74
31,250 at 2.89%$129.90
31,250 at 2.9%$130.07
31,250 at 2.91%$130.24
31,250 at 2.92%$130.41
31,250 at 2.93%$130.57
31,250 at 2.94%$130.74
31,250 at 2.95%$130.91
31,250 at 2.96%$131.08
31,250 at 2.97%$131.25
31,250 at 2.98%$131.41
31,250 at 2.99%$131.58
31,250 at 3%$131.75
31,250 at 3.01%$131.92
31,250 at 3.02%$132.09
31,250 at 3.03%$132.26
31,250 at 3.04%$132.43
31,250 at 3.05%$132.60
31,250 at 3.06%$132.76
31,250 at 3.07%$132.93
31,250 at 3.08%$133.10
31,250 at 3.09%$133.27
31,250 at 3.1%$133.44
31,250 at 3.11%$133.61
31,250 at 3.12%$133.78
31,250 at 3.13%$133.95
31,250 at 3.14%$134.12
31,250 at 3.15%$134.29
31,250 at 3.16%$134.46
31,250 at 3.17%$134.63
31,250 at 3.18%$134.80
31,250 at 3.19%$134.98
31,250 at 3.2%$135.15
31,250 at 3.21%$135.32
31,250 at 3.22%$135.49
31,250 at 3.23%$135.66
31,250 at 3.24%$135.83
31,250 at 3.25%$136.00
31,250 at 3.26%$136.17
31,250 at 3.27%$136.35
31,250 at 3.28%$136.52
31,250 at 3.29%$136.69
31,250 at 3.3%$136.86
31,250 at 3.31%$137.03
31,250 at 3.32%$137.21
31,250 at 3.33%$137.38
31,250 at 3.34%$137.55
31,250 at 3.35%$137.72
31,250 at 3.36%$137.90
31,250 at 3.37%$138.07
31,250 at 3.38%$138.24
31,250 at 3.39%$138.41
31,250 at 3.4%$138.59
31,250 at 3.41%$138.76
31,250 at 3.42%$138.93
31,250 at 3.43%$139.11
31,250 at 3.44%$139.28
31,250 at 3.45%$139.46
31,250 at 3.46%$139.63
31,250 at 3.47%$139.80
31,250 at 3.48%$139.98
31,250 at 3.49%$140.15
31,250 at 3.5%$140.33
Interest Rate 30 Year
31,250 at 3.51%$140.50
31,250 at 3.52%$140.68
31,250 at 3.53%$140.85
31,250 at 3.54%$141.03
31,250 at 3.55%$141.20
31,250 at 3.56%$141.38
31,250 at 3.57%$141.55
31,250 at 3.58%$141.73
31,250 at 3.59%$141.90
31,250 at 3.6%$142.08
31,250 at 3.61%$142.25
31,250 at 3.62%$142.43
31,250 at 3.63%$142.60
31,250 at 3.64%$142.78
31,250 at 3.65%$142.96
31,250 at 3.66%$143.13
31,250 at 3.67%$143.31
31,250 at 3.68%$143.49
31,250 at 3.69%$143.66
31,250 at 3.7%$143.84
31,250 at 3.71%$144.02
31,250 at 3.72%$144.19
31,250 at 3.73%$144.37
31,250 at 3.74%$144.55
31,250 at 3.75%$144.72
31,250 at 3.76%$144.90
31,250 at 3.77%$145.08
31,250 at 3.78%$145.26
31,250 at 3.79%$145.43
31,250 at 3.8%$145.61
31,250 at 3.81%$145.79
31,250 at 3.82%$145.97
31,250 at 3.83%$146.15
31,250 at 3.84%$146.32
31,250 at 3.85%$146.50
31,250 at 3.86%$146.68
31,250 at 3.87%$146.86
31,250 at 3.88%$147.04
31,250 at 3.89%$147.22
31,250 at 3.9%$147.40
31,250 at 3.91%$147.58
31,250 at 3.92%$147.75
31,250 at 3.93%$147.93
31,250 at 3.94%$148.11
31,250 at 3.95%$148.29
31,250 at 3.96%$148.47
31,250 at 3.97%$148.65
31,250 at 3.98%$148.83
31,250 at 3.99%$149.01
31,250 at 4%$149.19
31,250 at 4.01%$149.37
31,250 at 4.02%$149.55
31,250 at 4.03%$149.73
31,250 at 4.04%$149.91
31,250 at 4.05%$150.09
31,250 at 4.06%$150.28
31,250 at 4.07%$150.46
31,250 at 4.08%$150.64
31,250 at 4.09%$150.82
31,250 at 4.1%$151.00
31,250 at 4.11%$151.18
31,250 at 4.12%$151.36
31,250 at 4.13%$151.54
31,250 at 4.14%$151.73
31,250 at 4.15%$151.91
31,250 at 4.16%$152.09
31,250 at 4.17%$152.27
31,250 at 4.18%$152.45
31,250 at 4.19%$152.64
31,250 at 4.2%$152.82
31,250 at 4.21%$153.00
31,250 at 4.22%$153.18
31,250 at 4.23%$153.37
31,250 at 4.24%$153.55
31,250 at 4.25%$153.73
31,250 at 4.26%$153.91
31,250 at 4.27%$154.10
31,250 at 4.28%$154.28
31,250 at 4.29%$154.46
31,250 at 4.3%$154.65
31,250 at 4.31%$154.83
31,250 at 4.32%$155.01
31,250 at 4.33%$155.20
31,250 at 4.34%$155.38
31,250 at 4.35%$155.57
31,250 at 4.36%$155.75
31,250 at 4.37%$155.93
31,250 at 4.38%$156.12
31,250 at 4.39%$156.30
31,250 at 4.4%$156.49
31,250 at 4.41%$156.67
31,250 at 4.42%$156.86
31,250 at 4.43%$157.04
31,250 at 4.44%$157.23
31,250 at 4.45%$157.41
31,250 at 4.46%$157.60
31,250 at 4.47%$157.78
31,250 at 4.48%$157.97
31,250 at 4.49%$158.15
31,250 at 4.5%$158.34
31,250 at 4.51%$158.52
31,250 at 4.52%$158.71
31,250 at 4.53%$158.90
31,250 at 4.54%$159.08
31,250 at 4.55%$159.27
31,250 at 4.56%$159.46
31,250 at 4.57%$159.64
31,250 at 4.58%$159.83
31,250 at 4.59%$160.01
31,250 at 4.6%$160.20
31,250 at 4.61%$160.39
31,250 at 4.62%$160.58
31,250 at 4.63%$160.76
31,250 at 4.64%$160.95
31,250 at 4.65%$161.14
31,250 at 4.66%$161.32
31,250 at 4.67%$161.51
31,250 at 4.68%$161.70
31,250 at 4.69%$161.89
31,250 at 4.7%$162.07
31,250 at 4.71%$162.26
31,250 at 4.72%$162.45
31,250 at 4.73%$162.64
31,250 at 4.74%$162.83
31,250 at 4.75%$163.01
31,250 at 4.76%$163.20
31,250 at 4.77%$163.39
31,250 at 4.78%$163.58
31,250 at 4.79%$163.77
31,250 at 4.8%$163.96
31,250 at 4.81%$164.15
31,250 at 4.82%$164.34
31,250 at 4.83%$164.53
31,250 at 4.84%$164.71
31,250 at 4.85%$164.90
31,250 at 4.86%$165.09
31,250 at 4.87%$165.28
31,250 at 4.88%$165.47
31,250 at 4.89%$165.66
31,250 at 4.9%$165.85
31,250 at 4.91%$166.04
31,250 at 4.92%$166.23
31,250 at 4.93%$166.42
31,250 at 4.94%$166.61
31,250 at 4.95%$166.80
31,250 at 4.96%$166.99
31,250 at 4.97%$167.18
31,250 at 4.98%$167.37
31,250 at 4.99%$167.57
31,250 at 5%$167.76
Interest Rate 30 Year
31,250 at 5.01%$167.95
31,250 at 5.02%$168.14
31,250 at 5.03%$168.33
31,250 at 5.04%$168.52
31,250 at 5.05%$168.71
31,250 at 5.06%$168.90
31,250 at 5.07%$169.10
31,250 at 5.08%$169.29
31,250 at 5.09%$169.48
31,250 at 5.1%$169.67
31,250 at 5.11%$169.86
31,250 at 5.12%$170.06
31,250 at 5.13%$170.25
31,250 at 5.14%$170.44
31,250 at 5.15%$170.63
31,250 at 5.16%$170.83
31,250 at 5.17%$171.02
31,250 at 5.18%$171.21
31,250 at 5.19%$171.40
31,250 at 5.2%$171.60
31,250 at 5.21%$171.79
31,250 at 5.22%$171.98
31,250 at 5.23%$172.18
31,250 at 5.24%$172.37
31,250 at 5.25%$172.56
31,250 at 5.26%$172.76
31,250 at 5.27%$172.95
31,250 at 5.28%$173.14
31,250 at 5.29%$173.34
31,250 at 5.3%$173.53
31,250 at 5.31%$173.73
31,250 at 5.32%$173.92
31,250 at 5.33%$174.12
31,250 at 5.34%$174.31
31,250 at 5.35%$174.50
31,250 at 5.36%$174.70
31,250 at 5.37%$174.89
31,250 at 5.38%$175.09
31,250 at 5.39%$175.28
31,250 at 5.4%$175.48
31,250 at 5.41%$175.67
31,250 at 5.42%$175.87
31,250 at 5.43%$176.06
31,250 at 5.44%$176.26
31,250 at 5.45%$176.45
31,250 at 5.46%$176.65
31,250 at 5.47%$176.85
31,250 at 5.48%$177.04
31,250 at 5.49%$177.24
31,250 at 5.5%$177.43
31,250 at 5.51%$177.63
31,250 at 5.52%$177.83
31,250 at 5.53%$178.02
31,250 at 5.54%$178.22
31,250 at 5.55%$178.42
31,250 at 5.56%$178.61
31,250 at 5.57%$178.81
31,250 at 5.58%$179.01
31,250 at 5.59%$179.20
31,250 at 5.6%$179.40
31,250 at 5.61%$179.60
31,250 at 5.62%$179.79
31,250 at 5.63%$179.99
31,250 at 5.64%$180.19
31,250 at 5.65%$180.39
31,250 at 5.66%$180.58
31,250 at 5.67%$180.78
31,250 at 5.68%$180.98
31,250 at 5.69%$181.18
31,250 at 5.7%$181.38
31,250 at 5.71%$181.57
31,250 at 5.72%$181.77
31,250 at 5.73%$181.97
31,250 at 5.74%$182.17
31,250 at 5.75%$182.37
31,250 at 5.76%$182.57
31,250 at 5.77%$182.76
31,250 at 5.78%$182.96
31,250 at 5.79%$183.16
31,250 at 5.8%$183.36
31,250 at 5.81%$183.56
31,250 at 5.82%$183.76
31,250 at 5.83%$183.96
31,250 at 5.84%$184.16
31,250 at 5.85%$184.36
31,250 at 5.86%$184.56
31,250 at 5.87%$184.76
31,250 at 5.88%$184.96
31,250 at 5.89%$185.16
31,250 at 5.9%$185.36
31,250 at 5.91%$185.56
31,250 at 5.92%$185.76
31,250 at 5.93%$185.96
31,250 at 5.94%$186.16
31,250 at 5.95%$186.36
31,250 at 5.96%$186.56
31,250 at 5.97%$186.76
31,250 at 5.98%$186.96
31,250 at 5.99%$187.16
31,250 at 6%$187.36
31,250 at 6.01%$187.56
31,250 at 6.02%$187.76
31,250 at 6.03%$187.96
31,250 at 6.04%$188.16
31,250 at 6.05%$188.37
31,250 at 6.06%$188.57
31,250 at 6.07%$188.77
31,250 at 6.08%$188.97
31,250 at 6.09%$189.17
31,250 at 6.1%$189.37
31,250 at 6.11%$189.58
31,250 at 6.12%$189.78
31,250 at 6.13%$189.98
31,250 at 6.14%$190.18
31,250 at 6.15%$190.38
31,250 at 6.16%$190.59
31,250 at 6.17%$190.79
31,250 at 6.18%$190.99
31,250 at 6.19%$191.19
31,250 at 6.2%$191.40
31,250 at 6.21%$191.60
31,250 at 6.22%$191.80
31,250 at 6.23%$192.01
31,250 at 6.24%$192.21
31,250 at 6.25%$192.41
31,250 at 6.26%$192.61
31,250 at 6.27%$192.82
31,250 at 6.28%$193.02
31,250 at 6.29%$193.23
31,250 at 6.3%$193.43
31,250 at 6.31%$193.63
31,250 at 6.32%$193.84
31,250 at 6.33%$194.04
31,250 at 6.34%$194.24
31,250 at 6.35%$194.45
31,250 at 6.36%$194.65
31,250 at 6.37%$194.86
31,250 at 6.38%$195.06
31,250 at 6.39%$195.27
31,250 at 6.4%$195.47
31,250 at 6.41%$195.68
31,250 at 6.42%$195.88
31,250 at 6.43%$196.08
31,250 at 6.44%$196.29
31,250 at 6.45%$196.49
31,250 at 6.46%$196.70
31,250 at 6.47%$196.91
31,250 at 6.48%$197.11
31,250 at 6.49%$197.32
31,250 at 6.5%$197.52
Interest Rate 30 Year
31,250 at 6.51%$197.73
31,250 at 6.52%$197.93
31,250 at 6.53%$198.14
31,250 at 6.54%$198.34
31,250 at 6.55%$198.55
31,250 at 6.56%$198.76
31,250 at 6.57%$198.96
31,250 at 6.58%$199.17
31,250 at 6.59%$199.37
31,250 at 6.6%$199.58
31,250 at 6.61%$199.79
31,250 at 6.62%$199.99
31,250 at 6.63%$200.20
31,250 at 6.64%$200.41
31,250 at 6.65%$200.61
31,250 at 6.66%$200.82
31,250 at 6.67%$201.03
31,250 at 6.68%$201.23
31,250 at 6.69%$201.44
31,250 at 6.7%$201.65
31,250 at 6.71%$201.86
31,250 at 6.72%$202.06
31,250 at 6.73%$202.27
31,250 at 6.74%$202.48
31,250 at 6.75%$202.69
31,250 at 6.76%$202.89
31,250 at 6.77%$203.10
31,250 at 6.78%$203.31
31,250 at 6.79%$203.52
31,250 at 6.8%$203.73
31,250 at 6.81%$203.93
31,250 at 6.82%$204.14
31,250 at 6.83%$204.35
31,250 at 6.84%$204.56
31,250 at 6.85%$204.77
31,250 at 6.86%$204.98
31,250 at 6.87%$205.19
31,250 at 6.88%$205.39
31,250 at 6.89%$205.60
31,250 at 6.9%$205.81
31,250 at 6.91%$206.02
31,250 at 6.92%$206.23
31,250 at 6.93%$206.44
31,250 at 6.94%$206.65
31,250 at 6.95%$206.86
31,250 at 6.96%$207.07
31,250 at 6.97%$207.28
31,250 at 6.98%$207.49
31,250 at 6.99%$207.70
31,250 at 7%$207.91
31,250 at 7.01%$208.12
31,250 at 7.02%$208.33
31,250 at 7.03%$208.54
31,250 at 7.04%$208.75
31,250 at 7.05%$208.96
31,250 at 7.06%$209.17
31,250 at 7.07%$209.38
31,250 at 7.08%$209.59
31,250 at 7.09%$209.80
31,250 at 7.1%$210.01
31,250 at 7.11%$210.22
31,250 at 7.12%$210.43
31,250 at 7.13%$210.64
31,250 at 7.14%$210.85
31,250 at 7.15%$211.06
31,250 at 7.16%$211.28
31,250 at 7.17%$211.49
31,250 at 7.18%$211.70
31,250 at 7.19%$211.91
31,250 at 7.2%$212.12
31,250 at 7.21%$212.33
31,250 at 7.22%$212.54
31,250 at 7.23%$212.76
31,250 at 7.24%$212.97
31,250 at 7.25%$213.18
31,250 at 7.26%$213.39
31,250 at 7.27%$213.60
31,250 at 7.28%$213.82
31,250 at 7.29%$214.03
31,250 at 7.3%$214.24
31,250 at 7.31%$214.45
31,250 at 7.32%$214.67
31,250 at 7.33%$214.88
31,250 at 7.34%$215.09
31,250 at 7.35%$215.30
31,250 at 7.36%$215.52
31,250 at 7.37%$215.73
31,250 at 7.38%$215.94
31,250 at 7.39%$216.16
31,250 at 7.4%$216.37
31,250 at 7.41%$216.58
31,250 at 7.42%$216.80
31,250 at 7.43%$217.01
31,250 at 7.44%$217.22
31,250 at 7.45%$217.44
31,250 at 7.46%$217.65
31,250 at 7.47%$217.86
31,250 at 7.48%$218.08
31,250 at 7.49%$218.29
31,250 at 7.5%$218.50
31,250 at 7.51%$218.72
31,250 at 7.52%$218.93
31,250 at 7.53%$219.15
31,250 at 7.54%$219.36
31,250 at 7.55%$219.58
31,250 at 7.56%$219.79
31,250 at 7.57%$220.00
31,250 at 7.58%$220.22
31,250 at 7.59%$220.43
31,250 at 7.6%$220.65
31,250 at 7.61%$220.86
31,250 at 7.62%$221.08
31,250 at 7.63%$221.29
31,250 at 7.64%$221.51
31,250 at 7.65%$221.72
31,250 at 7.66%$221.94
31,250 at 7.67%$222.15
31,250 at 7.68%$222.37
31,250 at 7.69%$222.58
31,250 at 7.7%$222.80
31,250 at 7.71%$223.02
31,250 at 7.72%$223.23
31,250 at 7.73%$223.45
31,250 at 7.74%$223.66
31,250 at 7.75%$223.88
31,250 at 7.76%$224.09
31,250 at 7.77%$224.31
31,250 at 7.78%$224.53
31,250 at 7.79%$224.74
31,250 at 7.8%$224.96
31,250 at 7.81%$225.18
31,250 at 7.82%$225.39
31,250 at 7.83%$225.61
31,250 at 7.84%$225.83
31,250 at 7.85%$226.04
31,250 at 7.86%$226.26
31,250 at 7.87%$226.48
31,250 at 7.88%$226.69
31,250 at 7.89%$226.91
31,250 at 7.9%$227.13
31,250 at 7.91%$227.34
31,250 at 7.92%$227.56
31,250 at 7.93%$227.78
31,250 at 7.94%$228.00
31,250 at 7.95%$228.21
31,250 at 7.96%$228.43
31,250 at 7.97%$228.65
31,250 at 7.98%$228.87
31,250 at 7.99%$229.08
31,250 at 8%$229.30
More Amounts
What is the down payment for a $31,250 house? How much do you need to put down?
Percent Down Down Payment
1%313
2%625
3%938
4%1,250
5%1,563
6%1,875
7%2,188
8%2,500
9%2,813
10%3,125
11%3,438
12%3,750
13%4,063
14%4,375
15%4,688
16%5,000
17%5,313
18%5,625
19%5,938
20%6,250
Percent Down Down Payment
21%6,563
22%6,875
23%7,188
24%7,500
25%7,813
26%8,125
27%8,438
28%8,750
29%9,063
30%9,375
31%9,688
32%10,000
33%10,313
34%10,625
35%10,938
36%11,250
37%11,563
38%11,875
39%12,188
40%12,500
Percent Down Down Payment
41%12,813
42%13,125
43%13,438
44%13,750
45%14,063
46%14,375
47%14,688
48%15,000
49%15,313
50%15,625
51%15,938
52%16,250
53%16,563
54%16,875
55%17,188
56%17,500
57%17,813
58%18,125
59%18,438
60%18,750
Percent Down Down Payment
61%19,063
62%19,375
63%19,688
64%20,000
65%20,313
66%20,625
67%20,938
68%21,250
69%21,563
70%21,875
71%22,188
72%22,500
73%22,813
74%23,125
75%23,438
76%23,750
77%24,063
78%24,375
79%24,688
80%25,000
Percent Down Down Payment
81%25,313
82%25,625
83%25,938
84%26,250
85%26,563
86%26,875
87%27,188
88%27,500
89%27,813
90%28,125
91%28,438
92%28,750
93%29,063
94%29,375
95%29,688
96%30,000
97%30,313
98%30,625
99%30,938
100%31,250
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.