$37,400 Mortgage for 30 Years

What is the monthly payment of a 37,400 dollar loan?
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Loan Tables for a $37,400 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 37k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $37,400 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
37,400 at 2.01%$138.42
37,400 at 2.02%$138.61
37,400 at 2.03%$138.80
37,400 at 2.04%$138.99
37,400 at 2.05%$139.17
37,400 at 2.06%$139.36
37,400 at 2.07%$139.55
37,400 at 2.08%$139.74
37,400 at 2.09%$139.93
37,400 at 2.1%$140.12
37,400 at 2.11%$140.30
37,400 at 2.12%$140.49
37,400 at 2.13%$140.68
37,400 at 2.14%$140.87
37,400 at 2.15%$141.06
37,400 at 2.16%$141.25
37,400 at 2.17%$141.44
37,400 at 2.18%$141.63
37,400 at 2.19%$141.82
37,400 at 2.2%$142.01
37,400 at 2.21%$142.20
37,400 at 2.22%$142.39
37,400 at 2.23%$142.58
37,400 at 2.24%$142.77
37,400 at 2.25%$142.96
37,400 at 2.26%$143.15
37,400 at 2.27%$143.34
37,400 at 2.28%$143.53
37,400 at 2.29%$143.72
37,400 at 2.3%$143.92
37,400 at 2.31%$144.11
37,400 at 2.32%$144.30
37,400 at 2.33%$144.49
37,400 at 2.34%$144.68
37,400 at 2.35%$144.88
37,400 at 2.36%$145.07
37,400 at 2.37%$145.26
37,400 at 2.38%$145.45
37,400 at 2.39%$145.65
37,400 at 2.4%$145.84
37,400 at 2.41%$146.03
37,400 at 2.42%$146.22
37,400 at 2.43%$146.42
37,400 at 2.44%$146.61
37,400 at 2.45%$146.80
37,400 at 2.46%$147.00
37,400 at 2.47%$147.19
37,400 at 2.48%$147.39
37,400 at 2.49%$147.58
37,400 at 2.5%$147.78
37,400 at 2.51%$147.97
37,400 at 2.52%$148.16
37,400 at 2.53%$148.36
37,400 at 2.54%$148.55
37,400 at 2.55%$148.75
37,400 at 2.56%$148.94
37,400 at 2.57%$149.14
37,400 at 2.58%$149.34
37,400 at 2.59%$149.53
37,400 at 2.6%$149.73
37,400 at 2.61%$149.92
37,400 at 2.62%$150.12
37,400 at 2.63%$150.32
37,400 at 2.64%$150.51
37,400 at 2.65%$150.71
37,400 at 2.66%$150.91
37,400 at 2.67%$151.10
37,400 at 2.68%$151.30
37,400 at 2.69%$151.50
37,400 at 2.7%$151.69
37,400 at 2.71%$151.89
37,400 at 2.72%$152.09
37,400 at 2.73%$152.29
37,400 at 2.74%$152.48
37,400 at 2.75%$152.68
37,400 at 2.76%$152.88
37,400 at 2.77%$153.08
37,400 at 2.78%$153.28
37,400 at 2.79%$153.48
37,400 at 2.8%$153.67
37,400 at 2.81%$153.87
37,400 at 2.82%$154.07
37,400 at 2.83%$154.27
37,400 at 2.84%$154.47
37,400 at 2.85%$154.67
37,400 at 2.86%$154.87
37,400 at 2.87%$155.07
37,400 at 2.88%$155.27
37,400 at 2.89%$155.47
37,400 at 2.9%$155.67
37,400 at 2.91%$155.87
37,400 at 2.92%$156.07
37,400 at 2.93%$156.27
37,400 at 2.94%$156.47
37,400 at 2.95%$156.67
37,400 at 2.96%$156.87
37,400 at 2.97%$157.08
37,400 at 2.98%$157.28
37,400 at 2.99%$157.48
37,400 at 3%$157.68
37,400 at 3.01%$157.88
37,400 at 3.02%$158.08
37,400 at 3.03%$158.29
37,400 at 3.04%$158.49
37,400 at 3.05%$158.69
37,400 at 3.06%$158.89
37,400 at 3.07%$159.10
37,400 at 3.08%$159.30
37,400 at 3.09%$159.50
37,400 at 3.1%$159.70
37,400 at 3.11%$159.91
37,400 at 3.12%$160.11
37,400 at 3.13%$160.31
37,400 at 3.14%$160.52
37,400 at 3.15%$160.72
37,400 at 3.16%$160.93
37,400 at 3.17%$161.13
37,400 at 3.18%$161.33
37,400 at 3.19%$161.54
37,400 at 3.2%$161.74
37,400 at 3.21%$161.95
37,400 at 3.22%$162.15
37,400 at 3.23%$162.36
37,400 at 3.24%$162.56
37,400 at 3.25%$162.77
37,400 at 3.26%$162.97
37,400 at 3.27%$163.18
37,400 at 3.28%$163.38
37,400 at 3.29%$163.59
37,400 at 3.3%$163.80
37,400 at 3.31%$164.00
37,400 at 3.32%$164.21
37,400 at 3.33%$164.41
37,400 at 3.34%$164.62
37,400 at 3.35%$164.83
37,400 at 3.36%$165.03
37,400 at 3.37%$165.24
37,400 at 3.38%$165.45
37,400 at 3.39%$165.65
37,400 at 3.4%$165.86
37,400 at 3.41%$166.07
37,400 at 3.42%$166.28
37,400 at 3.43%$166.48
37,400 at 3.44%$166.69
37,400 at 3.45%$166.90
37,400 at 3.46%$167.11
37,400 at 3.47%$167.32
37,400 at 3.48%$167.53
37,400 at 3.49%$167.73
37,400 at 3.5%$167.94
Interest Rate 30 Year
37,400 at 3.51%$168.15
37,400 at 3.52%$168.36
37,400 at 3.53%$168.57
37,400 at 3.54%$168.78
37,400 at 3.55%$168.99
37,400 at 3.56%$169.20
37,400 at 3.57%$169.41
37,400 at 3.58%$169.62
37,400 at 3.59%$169.83
37,400 at 3.6%$170.04
37,400 at 3.61%$170.25
37,400 at 3.62%$170.46
37,400 at 3.63%$170.67
37,400 at 3.64%$170.88
37,400 at 3.65%$171.09
37,400 at 3.66%$171.30
37,400 at 3.67%$171.51
37,400 at 3.68%$171.72
37,400 at 3.69%$171.93
37,400 at 3.7%$172.15
37,400 at 3.71%$172.36
37,400 at 3.72%$172.57
37,400 at 3.73%$172.78
37,400 at 3.74%$172.99
37,400 at 3.75%$173.21
37,400 at 3.76%$173.42
37,400 at 3.77%$173.63
37,400 at 3.78%$173.84
37,400 at 3.79%$174.06
37,400 at 3.8%$174.27
37,400 at 3.81%$174.48
37,400 at 3.82%$174.69
37,400 at 3.83%$174.91
37,400 at 3.84%$175.12
37,400 at 3.85%$175.33
37,400 at 3.86%$175.55
37,400 at 3.87%$175.76
37,400 at 3.88%$175.98
37,400 at 3.89%$176.19
37,400 at 3.9%$176.40
37,400 at 3.91%$176.62
37,400 at 3.92%$176.83
37,400 at 3.93%$177.05
37,400 at 3.94%$177.26
37,400 at 3.95%$177.48
37,400 at 3.96%$177.69
37,400 at 3.97%$177.91
37,400 at 3.98%$178.12
37,400 at 3.99%$178.34
37,400 at 4%$178.55
37,400 at 4.01%$178.77
37,400 at 4.02%$178.98
37,400 at 4.03%$179.20
37,400 at 4.04%$179.42
37,400 at 4.05%$179.63
37,400 at 4.06%$179.85
37,400 at 4.07%$180.07
37,400 at 4.08%$180.28
37,400 at 4.09%$180.50
37,400 at 4.1%$180.72
37,400 at 4.11%$180.93
37,400 at 4.12%$181.15
37,400 at 4.13%$181.37
37,400 at 4.14%$181.59
37,400 at 4.15%$181.80
37,400 at 4.16%$182.02
37,400 at 4.17%$182.24
37,400 at 4.18%$182.46
37,400 at 4.19%$182.67
37,400 at 4.2%$182.89
37,400 at 4.21%$183.11
37,400 at 4.22%$183.33
37,400 at 4.23%$183.55
37,400 at 4.24%$183.77
37,400 at 4.25%$183.99
37,400 at 4.26%$184.20
37,400 at 4.27%$184.42
37,400 at 4.28%$184.64
37,400 at 4.29%$184.86
37,400 at 4.3%$185.08
37,400 at 4.31%$185.30
37,400 at 4.32%$185.52
37,400 at 4.33%$185.74
37,400 at 4.34%$185.96
37,400 at 4.35%$186.18
37,400 at 4.36%$186.40
37,400 at 4.37%$186.62
37,400 at 4.38%$186.84
37,400 at 4.39%$187.06
37,400 at 4.4%$187.28
37,400 at 4.41%$187.51
37,400 at 4.42%$187.73
37,400 at 4.43%$187.95
37,400 at 4.44%$188.17
37,400 at 4.45%$188.39
37,400 at 4.46%$188.61
37,400 at 4.47%$188.83
37,400 at 4.48%$189.06
37,400 at 4.49%$189.28
37,400 at 4.5%$189.50
37,400 at 4.51%$189.72
37,400 at 4.52%$189.95
37,400 at 4.53%$190.17
37,400 at 4.54%$190.39
37,400 at 4.55%$190.61
37,400 at 4.56%$190.84
37,400 at 4.57%$191.06
37,400 at 4.58%$191.28
37,400 at 4.59%$191.51
37,400 at 4.6%$191.73
37,400 at 4.61%$191.95
37,400 at 4.62%$192.18
37,400 at 4.63%$192.40
37,400 at 4.64%$192.62
37,400 at 4.65%$192.85
37,400 at 4.66%$193.07
37,400 at 4.67%$193.30
37,400 at 4.68%$193.52
37,400 at 4.69%$193.75
37,400 at 4.7%$193.97
37,400 at 4.71%$194.20
37,400 at 4.72%$194.42
37,400 at 4.73%$194.65
37,400 at 4.74%$194.87
37,400 at 4.75%$195.10
37,400 at 4.76%$195.32
37,400 at 4.77%$195.55
37,400 at 4.78%$195.77
37,400 at 4.79%$196.00
37,400 at 4.8%$196.22
37,400 at 4.81%$196.45
37,400 at 4.82%$196.68
37,400 at 4.83%$196.90
37,400 at 4.84%$197.13
37,400 at 4.85%$197.36
37,400 at 4.86%$197.58
37,400 at 4.87%$197.81
37,400 at 4.88%$198.04
37,400 at 4.89%$198.26
37,400 at 4.9%$198.49
37,400 at 4.91%$198.72
37,400 at 4.92%$198.95
37,400 at 4.93%$199.17
37,400 at 4.94%$199.40
37,400 at 4.95%$199.63
37,400 at 4.96%$199.86
37,400 at 4.97%$200.09
37,400 at 4.98%$200.31
37,400 at 4.99%$200.54
37,400 at 5%$200.77
Interest Rate 30 Year
37,400 at 5.01%$201.00
37,400 at 5.02%$201.23
37,400 at 5.03%$201.46
37,400 at 5.04%$201.69
37,400 at 5.05%$201.92
37,400 at 5.06%$202.14
37,400 at 5.07%$202.37
37,400 at 5.08%$202.60
37,400 at 5.09%$202.83
37,400 at 5.1%$203.06
37,400 at 5.11%$203.29
37,400 at 5.12%$203.52
37,400 at 5.13%$203.75
37,400 at 5.14%$203.98
37,400 at 5.15%$204.21
37,400 at 5.16%$204.44
37,400 at 5.17%$204.67
37,400 at 5.18%$204.91
37,400 at 5.19%$205.14
37,400 at 5.2%$205.37
37,400 at 5.21%$205.60
37,400 at 5.22%$205.83
37,400 at 5.23%$206.06
37,400 at 5.24%$206.29
37,400 at 5.25%$206.52
37,400 at 5.26%$206.76
37,400 at 5.27%$206.99
37,400 at 5.28%$207.22
37,400 at 5.29%$207.45
37,400 at 5.3%$207.68
37,400 at 5.31%$207.92
37,400 at 5.32%$208.15
37,400 at 5.33%$208.38
37,400 at 5.34%$208.61
37,400 at 5.35%$208.85
37,400 at 5.36%$209.08
37,400 at 5.37%$209.31
37,400 at 5.38%$209.55
37,400 at 5.39%$209.78
37,400 at 5.4%$210.01
37,400 at 5.41%$210.25
37,400 at 5.42%$210.48
37,400 at 5.43%$210.71
37,400 at 5.44%$210.95
37,400 at 5.45%$211.18
37,400 at 5.46%$211.42
37,400 at 5.47%$211.65
37,400 at 5.48%$211.88
37,400 at 5.49%$212.12
37,400 at 5.5%$212.35
37,400 at 5.51%$212.59
37,400 at 5.52%$212.82
37,400 at 5.53%$213.06
37,400 at 5.54%$213.29
37,400 at 5.55%$213.53
37,400 at 5.56%$213.76
37,400 at 5.57%$214.00
37,400 at 5.58%$214.23
37,400 at 5.59%$214.47
37,400 at 5.6%$214.71
37,400 at 5.61%$214.94
37,400 at 5.62%$215.18
37,400 at 5.63%$215.41
37,400 at 5.64%$215.65
37,400 at 5.65%$215.89
37,400 at 5.66%$216.12
37,400 at 5.67%$216.36
37,400 at 5.68%$216.60
37,400 at 5.69%$216.83
37,400 at 5.7%$217.07
37,400 at 5.71%$217.31
37,400 at 5.72%$217.54
37,400 at 5.73%$217.78
37,400 at 5.74%$218.02
37,400 at 5.75%$218.26
37,400 at 5.76%$218.49
37,400 at 5.77%$218.73
37,400 at 5.78%$218.97
37,400 at 5.79%$219.21
37,400 at 5.8%$219.45
37,400 at 5.81%$219.68
37,400 at 5.82%$219.92
37,400 at 5.83%$220.16
37,400 at 5.84%$220.40
37,400 at 5.85%$220.64
37,400 at 5.86%$220.88
37,400 at 5.87%$221.12
37,400 at 5.88%$221.35
37,400 at 5.89%$221.59
37,400 at 5.9%$221.83
37,400 at 5.91%$222.07
37,400 at 5.92%$222.31
37,400 at 5.93%$222.55
37,400 at 5.94%$222.79
37,400 at 5.95%$223.03
37,400 at 5.96%$223.27
37,400 at 5.97%$223.51
37,400 at 5.98%$223.75
37,400 at 5.99%$223.99
37,400 at 6%$224.23
37,400 at 6.01%$224.47
37,400 at 6.02%$224.71
37,400 at 6.03%$224.95
37,400 at 6.04%$225.19
37,400 at 6.05%$225.44
37,400 at 6.06%$225.68
37,400 at 6.07%$225.92
37,400 at 6.08%$226.16
37,400 at 6.09%$226.40
37,400 at 6.1%$226.64
37,400 at 6.11%$226.88
37,400 at 6.12%$227.13
37,400 at 6.13%$227.37
37,400 at 6.14%$227.61
37,400 at 6.15%$227.85
37,400 at 6.16%$228.09
37,400 at 6.17%$228.34
37,400 at 6.18%$228.58
37,400 at 6.19%$228.82
37,400 at 6.2%$229.06
37,400 at 6.21%$229.31
37,400 at 6.22%$229.55
37,400 at 6.23%$229.79
37,400 at 6.24%$230.04
37,400 at 6.25%$230.28
37,400 at 6.26%$230.52
37,400 at 6.27%$230.76
37,400 at 6.28%$231.01
37,400 at 6.29%$231.25
37,400 at 6.3%$231.50
37,400 at 6.31%$231.74
37,400 at 6.32%$231.98
37,400 at 6.33%$232.23
37,400 at 6.34%$232.47
37,400 at 6.35%$232.72
37,400 at 6.36%$232.96
37,400 at 6.37%$233.21
37,400 at 6.38%$233.45
37,400 at 6.39%$233.69
37,400 at 6.4%$233.94
37,400 at 6.41%$234.18
37,400 at 6.42%$234.43
37,400 at 6.43%$234.67
37,400 at 6.44%$234.92
37,400 at 6.45%$235.16
37,400 at 6.46%$235.41
37,400 at 6.47%$235.66
37,400 at 6.48%$235.90
37,400 at 6.49%$236.15
37,400 at 6.5%$236.39
Interest Rate 30 Year
37,400 at 6.51%$236.64
37,400 at 6.52%$236.89
37,400 at 6.53%$237.13
37,400 at 6.54%$237.38
37,400 at 6.55%$237.62
37,400 at 6.56%$237.87
37,400 at 6.57%$238.12
37,400 at 6.58%$238.36
37,400 at 6.59%$238.61
37,400 at 6.6%$238.86
37,400 at 6.61%$239.11
37,400 at 6.62%$239.35
37,400 at 6.63%$239.60
37,400 at 6.64%$239.85
37,400 at 6.65%$240.09
37,400 at 6.66%$240.34
37,400 at 6.67%$240.59
37,400 at 6.68%$240.84
37,400 at 6.69%$241.09
37,400 at 6.7%$241.33
37,400 at 6.71%$241.58
37,400 at 6.72%$241.83
37,400 at 6.73%$242.08
37,400 at 6.74%$242.33
37,400 at 6.75%$242.58
37,400 at 6.76%$242.82
37,400 at 6.77%$243.07
37,400 at 6.78%$243.32
37,400 at 6.79%$243.57
37,400 at 6.8%$243.82
37,400 at 6.81%$244.07
37,400 at 6.82%$244.32
37,400 at 6.83%$244.57
37,400 at 6.84%$244.82
37,400 at 6.85%$245.07
37,400 at 6.86%$245.32
37,400 at 6.87%$245.57
37,400 at 6.88%$245.82
37,400 at 6.89%$246.07
37,400 at 6.9%$246.32
37,400 at 6.91%$246.57
37,400 at 6.92%$246.82
37,400 at 6.93%$247.07
37,400 at 6.94%$247.32
37,400 at 6.95%$247.57
37,400 at 6.96%$247.82
37,400 at 6.97%$248.07
37,400 at 6.98%$248.32
37,400 at 6.99%$248.57
37,400 at 7%$248.82
37,400 at 7.01%$249.07
37,400 at 7.02%$249.33
37,400 at 7.03%$249.58
37,400 at 7.04%$249.83
37,400 at 7.05%$250.08
37,400 at 7.06%$250.33
37,400 at 7.07%$250.58
37,400 at 7.08%$250.84
37,400 at 7.09%$251.09
37,400 at 7.1%$251.34
37,400 at 7.11%$251.59
37,400 at 7.12%$251.84
37,400 at 7.13%$252.10
37,400 at 7.14%$252.35
37,400 at 7.15%$252.60
37,400 at 7.16%$252.85
37,400 at 7.17%$253.11
37,400 at 7.18%$253.36
37,400 at 7.19%$253.61
37,400 at 7.2%$253.87
37,400 at 7.21%$254.12
37,400 at 7.22%$254.37
37,400 at 7.23%$254.63
37,400 at 7.24%$254.88
37,400 at 7.25%$255.13
37,400 at 7.26%$255.39
37,400 at 7.27%$255.64
37,400 at 7.28%$255.90
37,400 at 7.29%$256.15
37,400 at 7.3%$256.40
37,400 at 7.31%$256.66
37,400 at 7.32%$256.91
37,400 at 7.33%$257.17
37,400 at 7.34%$257.42
37,400 at 7.35%$257.68
37,400 at 7.36%$257.93
37,400 at 7.37%$258.19
37,400 at 7.38%$258.44
37,400 at 7.39%$258.69
37,400 at 7.4%$258.95
37,400 at 7.41%$259.21
37,400 at 7.42%$259.46
37,400 at 7.43%$259.72
37,400 at 7.44%$259.97
37,400 at 7.45%$260.23
37,400 at 7.46%$260.48
37,400 at 7.47%$260.74
37,400 at 7.48%$260.99
37,400 at 7.49%$261.25
37,400 at 7.5%$261.51
37,400 at 7.51%$261.76
37,400 at 7.52%$262.02
37,400 at 7.53%$262.27
37,400 at 7.54%$262.53
37,400 at 7.55%$262.79
37,400 at 7.56%$263.04
37,400 at 7.57%$263.30
37,400 at 7.58%$263.56
37,400 at 7.59%$263.81
37,400 at 7.6%$264.07
37,400 at 7.61%$264.33
37,400 at 7.62%$264.59
37,400 at 7.63%$264.84
37,400 at 7.64%$265.10
37,400 at 7.65%$265.36
37,400 at 7.66%$265.62
37,400 at 7.67%$265.87
37,400 at 7.68%$266.13
37,400 at 7.69%$266.39
37,400 at 7.7%$266.65
37,400 at 7.71%$266.91
37,400 at 7.72%$267.16
37,400 at 7.73%$267.42
37,400 at 7.74%$267.68
37,400 at 7.75%$267.94
37,400 at 7.76%$268.20
37,400 at 7.77%$268.46
37,400 at 7.78%$268.71
37,400 at 7.79%$268.97
37,400 at 7.8%$269.23
37,400 at 7.81%$269.49
37,400 at 7.82%$269.75
37,400 at 7.83%$270.01
37,400 at 7.84%$270.27
37,400 at 7.85%$270.53
37,400 at 7.86%$270.79
37,400 at 7.87%$271.05
37,400 at 7.88%$271.31
37,400 at 7.89%$271.57
37,400 at 7.9%$271.83
37,400 at 7.91%$272.09
37,400 at 7.92%$272.35
37,400 at 7.93%$272.61
37,400 at 7.94%$272.87
37,400 at 7.95%$273.13
37,400 at 7.96%$273.39
37,400 at 7.97%$273.65
37,400 at 7.98%$273.91
37,400 at 7.99%$274.17
37,400 at 8%$274.43
More Amounts
What is the down payment for a $37,400 house? How much do you need to put down?
Percent Down Down Payment
1%374
2%748
3%1,122
4%1,496
5%1,870
6%2,244
7%2,618
8%2,992
9%3,366
10%3,740
11%4,114
12%4,488
13%4,862
14%5,236
15%5,610
16%5,984
17%6,358
18%6,732
19%7,106
20%7,480
Percent Down Down Payment
21%7,854
22%8,228
23%8,602
24%8,976
25%9,350
26%9,724
27%10,098
28%10,472
29%10,846
30%11,220
31%11,594
32%11,968
33%12,342
34%12,716
35%13,090
36%13,464
37%13,838
38%14,212
39%14,586
40%14,960
Percent Down Down Payment
41%15,334
42%15,708
43%16,082
44%16,456
45%16,830
46%17,204
47%17,578
48%17,952
49%18,326
50%18,700
51%19,074
52%19,448
53%19,822
54%20,196
55%20,570
56%20,944
57%21,318
58%21,692
59%22,066
60%22,440
Percent Down Down Payment
61%22,814
62%23,188
63%23,562
64%23,936
65%24,310
66%24,684
67%25,058
68%25,432
69%25,806
70%26,180
71%26,554
72%26,928
73%27,302
74%27,676
75%28,050
76%28,424
77%28,798
78%29,172
79%29,546
80%29,920
Percent Down Down Payment
81%30,294
82%30,668
83%31,042
84%31,416
85%31,790
86%32,164
87%32,538
88%32,912
89%33,286
90%33,660
91%34,034
92%34,408
93%34,782
94%35,156
95%35,530
96%35,904
97%36,278
98%36,652
99%37,026
100%37,400
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.