$38,600 Mortgage for 30 Years

What is the monthly payment of a 38,600 dollar loan?
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Loan Tables for a $38,600 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 39k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $38,600 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
38,600 at 2.01%$142.87
38,600 at 2.02%$143.06
38,600 at 2.03%$143.25
38,600 at 2.04%$143.45
38,600 at 2.05%$143.64
38,600 at 2.06%$143.83
38,600 at 2.07%$144.03
38,600 at 2.08%$144.22
38,600 at 2.09%$144.42
38,600 at 2.1%$144.61
38,600 at 2.11%$144.81
38,600 at 2.12%$145.00
38,600 at 2.13%$145.20
38,600 at 2.14%$145.39
38,600 at 2.15%$145.59
38,600 at 2.16%$145.78
38,600 at 2.17%$145.98
38,600 at 2.18%$146.17
38,600 at 2.19%$146.37
38,600 at 2.2%$146.56
38,600 at 2.21%$146.76
38,600 at 2.22%$146.96
38,600 at 2.23%$147.15
38,600 at 2.24%$147.35
38,600 at 2.25%$147.55
38,600 at 2.26%$147.74
38,600 at 2.27%$147.94
38,600 at 2.28%$148.14
38,600 at 2.29%$148.34
38,600 at 2.3%$148.53
38,600 at 2.31%$148.73
38,600 at 2.32%$148.93
38,600 at 2.33%$149.13
38,600 at 2.34%$149.33
38,600 at 2.35%$149.52
38,600 at 2.36%$149.72
38,600 at 2.37%$149.92
38,600 at 2.38%$150.12
38,600 at 2.39%$150.32
38,600 at 2.4%$150.52
38,600 at 2.41%$150.72
38,600 at 2.42%$150.92
38,600 at 2.43%$151.12
38,600 at 2.44%$151.32
38,600 at 2.45%$151.52
38,600 at 2.46%$151.72
38,600 at 2.47%$151.92
38,600 at 2.48%$152.12
38,600 at 2.49%$152.32
38,600 at 2.5%$152.52
38,600 at 2.51%$152.72
38,600 at 2.52%$152.92
38,600 at 2.53%$153.12
38,600 at 2.54%$153.32
38,600 at 2.55%$153.52
38,600 at 2.56%$153.72
38,600 at 2.57%$153.93
38,600 at 2.58%$154.13
38,600 at 2.59%$154.33
38,600 at 2.6%$154.53
38,600 at 2.61%$154.73
38,600 at 2.62%$154.94
38,600 at 2.63%$155.14
38,600 at 2.64%$155.34
38,600 at 2.65%$155.54
38,600 at 2.66%$155.75
38,600 at 2.67%$155.95
38,600 at 2.68%$156.15
38,600 at 2.69%$156.36
38,600 at 2.7%$156.56
38,600 at 2.71%$156.76
38,600 at 2.72%$156.97
38,600 at 2.73%$157.17
38,600 at 2.74%$157.38
38,600 at 2.75%$157.58
38,600 at 2.76%$157.79
38,600 at 2.77%$157.99
38,600 at 2.78%$158.20
38,600 at 2.79%$158.40
38,600 at 2.8%$158.61
38,600 at 2.81%$158.81
38,600 at 2.82%$159.02
38,600 at 2.83%$159.22
38,600 at 2.84%$159.43
38,600 at 2.85%$159.63
38,600 at 2.86%$159.84
38,600 at 2.87%$160.05
38,600 at 2.88%$160.25
38,600 at 2.89%$160.46
38,600 at 2.9%$160.66
38,600 at 2.91%$160.87
38,600 at 2.92%$161.08
38,600 at 2.93%$161.29
38,600 at 2.94%$161.49
38,600 at 2.95%$161.70
38,600 at 2.96%$161.91
38,600 at 2.97%$162.12
38,600 at 2.98%$162.32
38,600 at 2.99%$162.53
38,600 at 3%$162.74
38,600 at 3.01%$162.95
38,600 at 3.02%$163.16
38,600 at 3.03%$163.36
38,600 at 3.04%$163.57
38,600 at 3.05%$163.78
38,600 at 3.06%$163.99
38,600 at 3.07%$164.20
38,600 at 3.08%$164.41
38,600 at 3.09%$164.62
38,600 at 3.1%$164.83
38,600 at 3.11%$165.04
38,600 at 3.12%$165.25
38,600 at 3.13%$165.46
38,600 at 3.14%$165.67
38,600 at 3.15%$165.88
38,600 at 3.16%$166.09
38,600 at 3.17%$166.30
38,600 at 3.18%$166.51
38,600 at 3.19%$166.72
38,600 at 3.2%$166.93
38,600 at 3.21%$167.14
38,600 at 3.22%$167.35
38,600 at 3.23%$167.57
38,600 at 3.24%$167.78
38,600 at 3.25%$167.99
38,600 at 3.26%$168.20
38,600 at 3.27%$168.41
38,600 at 3.28%$168.63
38,600 at 3.29%$168.84
38,600 at 3.3%$169.05
38,600 at 3.31%$169.26
38,600 at 3.32%$169.48
38,600 at 3.33%$169.69
38,600 at 3.34%$169.90
38,600 at 3.35%$170.12
38,600 at 3.36%$170.33
38,600 at 3.37%$170.54
38,600 at 3.38%$170.76
38,600 at 3.39%$170.97
38,600 at 3.4%$171.18
38,600 at 3.41%$171.40
38,600 at 3.42%$171.61
38,600 at 3.43%$171.83
38,600 at 3.44%$172.04
38,600 at 3.45%$172.26
38,600 at 3.46%$172.47
38,600 at 3.47%$172.69
38,600 at 3.48%$172.90
38,600 at 3.49%$173.12
38,600 at 3.5%$173.33
Interest Rate 30 Year
38,600 at 3.51%$173.55
38,600 at 3.52%$173.76
38,600 at 3.53%$173.98
38,600 at 3.54%$174.19
38,600 at 3.55%$174.41
38,600 at 3.56%$174.63
38,600 at 3.57%$174.84
38,600 at 3.58%$175.06
38,600 at 3.59%$175.28
38,600 at 3.6%$175.49
38,600 at 3.61%$175.71
38,600 at 3.62%$175.93
38,600 at 3.63%$176.14
38,600 at 3.64%$176.36
38,600 at 3.65%$176.58
38,600 at 3.66%$176.80
38,600 at 3.67%$177.01
38,600 at 3.68%$177.23
38,600 at 3.69%$177.45
38,600 at 3.7%$177.67
38,600 at 3.71%$177.89
38,600 at 3.72%$178.11
38,600 at 3.73%$178.32
38,600 at 3.74%$178.54
38,600 at 3.75%$178.76
38,600 at 3.76%$178.98
38,600 at 3.77%$179.20
38,600 at 3.78%$179.42
38,600 at 3.79%$179.64
38,600 at 3.8%$179.86
38,600 at 3.81%$180.08
38,600 at 3.82%$180.30
38,600 at 3.83%$180.52
38,600 at 3.84%$180.74
38,600 at 3.85%$180.96
38,600 at 3.86%$181.18
38,600 at 3.87%$181.40
38,600 at 3.88%$181.62
38,600 at 3.89%$181.84
38,600 at 3.9%$182.06
38,600 at 3.91%$182.29
38,600 at 3.92%$182.51
38,600 at 3.93%$182.73
38,600 at 3.94%$182.95
38,600 at 3.95%$183.17
38,600 at 3.96%$183.39
38,600 at 3.97%$183.62
38,600 at 3.98%$183.84
38,600 at 3.99%$184.06
38,600 at 4%$184.28
38,600 at 4.01%$184.50
38,600 at 4.02%$184.73
38,600 at 4.03%$184.95
38,600 at 4.04%$185.17
38,600 at 4.05%$185.40
38,600 at 4.06%$185.62
38,600 at 4.07%$185.84
38,600 at 4.08%$186.07
38,600 at 4.09%$186.29
38,600 at 4.1%$186.51
38,600 at 4.11%$186.74
38,600 at 4.12%$186.96
38,600 at 4.13%$187.19
38,600 at 4.14%$187.41
38,600 at 4.15%$187.64
38,600 at 4.16%$187.86
38,600 at 4.17%$188.09
38,600 at 4.18%$188.31
38,600 at 4.19%$188.54
38,600 at 4.2%$188.76
38,600 at 4.21%$188.99
38,600 at 4.22%$189.21
38,600 at 4.23%$189.44
38,600 at 4.24%$189.66
38,600 at 4.25%$189.89
38,600 at 4.26%$190.11
38,600 at 4.27%$190.34
38,600 at 4.28%$190.57
38,600 at 4.29%$190.79
38,600 at 4.3%$191.02
38,600 at 4.31%$191.25
38,600 at 4.32%$191.47
38,600 at 4.33%$191.70
38,600 at 4.34%$191.93
38,600 at 4.35%$192.16
38,600 at 4.36%$192.38
38,600 at 4.37%$192.61
38,600 at 4.38%$192.84
38,600 at 4.39%$193.07
38,600 at 4.4%$193.29
38,600 at 4.41%$193.52
38,600 at 4.42%$193.75
38,600 at 4.43%$193.98
38,600 at 4.44%$194.21
38,600 at 4.45%$194.44
38,600 at 4.46%$194.66
38,600 at 4.47%$194.89
38,600 at 4.48%$195.12
38,600 at 4.49%$195.35
38,600 at 4.5%$195.58
38,600 at 4.51%$195.81
38,600 at 4.52%$196.04
38,600 at 4.53%$196.27
38,600 at 4.54%$196.50
38,600 at 4.55%$196.73
38,600 at 4.56%$196.96
38,600 at 4.57%$197.19
38,600 at 4.58%$197.42
38,600 at 4.59%$197.65
38,600 at 4.6%$197.88
38,600 at 4.61%$198.11
38,600 at 4.62%$198.34
38,600 at 4.63%$198.57
38,600 at 4.64%$198.80
38,600 at 4.65%$199.04
38,600 at 4.66%$199.27
38,600 at 4.67%$199.50
38,600 at 4.68%$199.73
38,600 at 4.69%$199.96
38,600 at 4.7%$200.19
38,600 at 4.71%$200.43
38,600 at 4.72%$200.66
38,600 at 4.73%$200.89
38,600 at 4.74%$201.12
38,600 at 4.75%$201.36
38,600 at 4.76%$201.59
38,600 at 4.77%$201.82
38,600 at 4.78%$202.05
38,600 at 4.79%$202.29
38,600 at 4.8%$202.52
38,600 at 4.81%$202.75
38,600 at 4.82%$202.99
38,600 at 4.83%$203.22
38,600 at 4.84%$203.46
38,600 at 4.85%$203.69
38,600 at 4.86%$203.92
38,600 at 4.87%$204.16
38,600 at 4.88%$204.39
38,600 at 4.89%$204.63
38,600 at 4.9%$204.86
38,600 at 4.91%$205.10
38,600 at 4.92%$205.33
38,600 at 4.93%$205.56
38,600 at 4.94%$205.80
38,600 at 4.95%$206.04
38,600 at 4.96%$206.27
38,600 at 4.97%$206.51
38,600 at 4.98%$206.74
38,600 at 4.99%$206.98
38,600 at 5%$207.21
Interest Rate 30 Year
38,600 at 5.01%$207.45
38,600 at 5.02%$207.69
38,600 at 5.03%$207.92
38,600 at 5.04%$208.16
38,600 at 5.05%$208.39
38,600 at 5.06%$208.63
38,600 at 5.07%$208.87
38,600 at 5.08%$209.10
38,600 at 5.09%$209.34
38,600 at 5.1%$209.58
38,600 at 5.11%$209.82
38,600 at 5.12%$210.05
38,600 at 5.13%$210.29
38,600 at 5.14%$210.53
38,600 at 5.15%$210.77
38,600 at 5.16%$211.00
38,600 at 5.17%$211.24
38,600 at 5.18%$211.48
38,600 at 5.19%$211.72
38,600 at 5.2%$211.96
38,600 at 5.21%$212.20
38,600 at 5.22%$212.43
38,600 at 5.23%$212.67
38,600 at 5.24%$212.91
38,600 at 5.25%$213.15
38,600 at 5.26%$213.39
38,600 at 5.27%$213.63
38,600 at 5.28%$213.87
38,600 at 5.29%$214.11
38,600 at 5.3%$214.35
38,600 at 5.31%$214.59
38,600 at 5.32%$214.83
38,600 at 5.33%$215.07
38,600 at 5.34%$215.31
38,600 at 5.35%$215.55
38,600 at 5.36%$215.79
38,600 at 5.37%$216.03
38,600 at 5.38%$216.27
38,600 at 5.39%$216.51
38,600 at 5.4%$216.75
38,600 at 5.41%$216.99
38,600 at 5.42%$217.23
38,600 at 5.43%$217.47
38,600 at 5.44%$217.72
38,600 at 5.45%$217.96
38,600 at 5.46%$218.20
38,600 at 5.47%$218.44
38,600 at 5.48%$218.68
38,600 at 5.49%$218.92
38,600 at 5.5%$219.17
38,600 at 5.51%$219.41
38,600 at 5.52%$219.65
38,600 at 5.53%$219.89
38,600 at 5.54%$220.14
38,600 at 5.55%$220.38
38,600 at 5.56%$220.62
38,600 at 5.57%$220.86
38,600 at 5.58%$221.11
38,600 at 5.59%$221.35
38,600 at 5.6%$221.59
38,600 at 5.61%$221.84
38,600 at 5.62%$222.08
38,600 at 5.63%$222.33
38,600 at 5.64%$222.57
38,600 at 5.65%$222.81
38,600 at 5.66%$223.06
38,600 at 5.67%$223.30
38,600 at 5.68%$223.55
38,600 at 5.69%$223.79
38,600 at 5.7%$224.03
38,600 at 5.71%$224.28
38,600 at 5.72%$224.52
38,600 at 5.73%$224.77
38,600 at 5.74%$225.01
38,600 at 5.75%$225.26
38,600 at 5.76%$225.50
38,600 at 5.77%$225.75
38,600 at 5.78%$226.00
38,600 at 5.79%$226.24
38,600 at 5.8%$226.49
38,600 at 5.81%$226.73
38,600 at 5.82%$226.98
38,600 at 5.83%$227.22
38,600 at 5.84%$227.47
38,600 at 5.85%$227.72
38,600 at 5.86%$227.96
38,600 at 5.87%$228.21
38,600 at 5.88%$228.46
38,600 at 5.89%$228.70
38,600 at 5.9%$228.95
38,600 at 5.91%$229.20
38,600 at 5.92%$229.44
38,600 at 5.93%$229.69
38,600 at 5.94%$229.94
38,600 at 5.95%$230.19
38,600 at 5.96%$230.43
38,600 at 5.97%$230.68
38,600 at 5.98%$230.93
38,600 at 5.99%$231.18
38,600 at 6%$231.43
38,600 at 6.01%$231.67
38,600 at 6.02%$231.92
38,600 at 6.03%$232.17
38,600 at 6.04%$232.42
38,600 at 6.05%$232.67
38,600 at 6.06%$232.92
38,600 at 6.07%$233.17
38,600 at 6.08%$233.42
38,600 at 6.09%$233.66
38,600 at 6.1%$233.91
38,600 at 6.11%$234.16
38,600 at 6.12%$234.41
38,600 at 6.13%$234.66
38,600 at 6.14%$234.91
38,600 at 6.15%$235.16
38,600 at 6.16%$235.41
38,600 at 6.17%$235.66
38,600 at 6.18%$235.91
38,600 at 6.19%$236.16
38,600 at 6.2%$236.41
38,600 at 6.21%$236.66
38,600 at 6.22%$236.91
38,600 at 6.23%$237.16
38,600 at 6.24%$237.42
38,600 at 6.25%$237.67
38,600 at 6.26%$237.92
38,600 at 6.27%$238.17
38,600 at 6.28%$238.42
38,600 at 6.29%$238.67
38,600 at 6.3%$238.92
38,600 at 6.31%$239.18
38,600 at 6.32%$239.43
38,600 at 6.33%$239.68
38,600 at 6.34%$239.93
38,600 at 6.35%$240.18
38,600 at 6.36%$240.44
38,600 at 6.37%$240.69
38,600 at 6.38%$240.94
38,600 at 6.39%$241.19
38,600 at 6.4%$241.45
38,600 at 6.41%$241.70
38,600 at 6.42%$241.95
38,600 at 6.43%$242.20
38,600 at 6.44%$242.46
38,600 at 6.45%$242.71
38,600 at 6.46%$242.96
38,600 at 6.47%$243.22
38,600 at 6.48%$243.47
38,600 at 6.49%$243.72
38,600 at 6.5%$243.98
Interest Rate 30 Year
38,600 at 6.51%$244.23
38,600 at 6.52%$244.49
38,600 at 6.53%$244.74
38,600 at 6.54%$244.99
38,600 at 6.55%$245.25
38,600 at 6.56%$245.50
38,600 at 6.57%$245.76
38,600 at 6.58%$246.01
38,600 at 6.59%$246.27
38,600 at 6.6%$246.52
38,600 at 6.61%$246.78
38,600 at 6.62%$247.03
38,600 at 6.63%$247.29
38,600 at 6.64%$247.54
38,600 at 6.65%$247.80
38,600 at 6.66%$248.05
38,600 at 6.67%$248.31
38,600 at 6.68%$248.57
38,600 at 6.69%$248.82
38,600 at 6.7%$249.08
38,600 at 6.71%$249.33
38,600 at 6.72%$249.59
38,600 at 6.73%$249.85
38,600 at 6.74%$250.10
38,600 at 6.75%$250.36
38,600 at 6.76%$250.62
38,600 at 6.77%$250.87
38,600 at 6.78%$251.13
38,600 at 6.79%$251.39
38,600 at 6.8%$251.64
38,600 at 6.81%$251.90
38,600 at 6.82%$252.16
38,600 at 6.83%$252.41
38,600 at 6.84%$252.67
38,600 at 6.85%$252.93
38,600 at 6.86%$253.19
38,600 at 6.87%$253.45
38,600 at 6.88%$253.70
38,600 at 6.89%$253.96
38,600 at 6.9%$254.22
38,600 at 6.91%$254.48
38,600 at 6.92%$254.74
38,600 at 6.93%$254.99
38,600 at 6.94%$255.25
38,600 at 6.95%$255.51
38,600 at 6.96%$255.77
38,600 at 6.97%$256.03
38,600 at 6.98%$256.29
38,600 at 6.99%$256.55
38,600 at 7%$256.81
38,600 at 7.01%$257.07
38,600 at 7.02%$257.33
38,600 at 7.03%$257.58
38,600 at 7.04%$257.84
38,600 at 7.05%$258.10
38,600 at 7.06%$258.36
38,600 at 7.07%$258.62
38,600 at 7.08%$258.88
38,600 at 7.09%$259.14
38,600 at 7.1%$259.40
38,600 at 7.11%$259.66
38,600 at 7.12%$259.93
38,600 at 7.13%$260.19
38,600 at 7.14%$260.45
38,600 at 7.15%$260.71
38,600 at 7.16%$260.97
38,600 at 7.17%$261.23
38,600 at 7.18%$261.49
38,600 at 7.19%$261.75
38,600 at 7.2%$262.01
38,600 at 7.21%$262.27
38,600 at 7.22%$262.54
38,600 at 7.23%$262.80
38,600 at 7.24%$263.06
38,600 at 7.25%$263.32
38,600 at 7.26%$263.58
38,600 at 7.27%$263.84
38,600 at 7.28%$264.11
38,600 at 7.29%$264.37
38,600 at 7.3%$264.63
38,600 at 7.31%$264.89
38,600 at 7.32%$265.16
38,600 at 7.33%$265.42
38,600 at 7.34%$265.68
38,600 at 7.35%$265.94
38,600 at 7.36%$266.21
38,600 at 7.37%$266.47
38,600 at 7.38%$266.73
38,600 at 7.39%$267.00
38,600 at 7.4%$267.26
38,600 at 7.41%$267.52
38,600 at 7.42%$267.79
38,600 at 7.43%$268.05
38,600 at 7.44%$268.31
38,600 at 7.45%$268.58
38,600 at 7.46%$268.84
38,600 at 7.47%$269.10
38,600 at 7.48%$269.37
38,600 at 7.49%$269.63
38,600 at 7.5%$269.90
38,600 at 7.51%$270.16
38,600 at 7.52%$270.43
38,600 at 7.53%$270.69
38,600 at 7.54%$270.95
38,600 at 7.55%$271.22
38,600 at 7.56%$271.48
38,600 at 7.57%$271.75
38,600 at 7.58%$272.01
38,600 at 7.59%$272.28
38,600 at 7.6%$272.54
38,600 at 7.61%$272.81
38,600 at 7.62%$273.08
38,600 at 7.63%$273.34
38,600 at 7.64%$273.61
38,600 at 7.65%$273.87
38,600 at 7.66%$274.14
38,600 at 7.67%$274.40
38,600 at 7.68%$274.67
38,600 at 7.69%$274.94
38,600 at 7.7%$275.20
38,600 at 7.71%$275.47
38,600 at 7.72%$275.74
38,600 at 7.73%$276.00
38,600 at 7.74%$276.27
38,600 at 7.75%$276.54
38,600 at 7.76%$276.80
38,600 at 7.77%$277.07
38,600 at 7.78%$277.34
38,600 at 7.79%$277.60
38,600 at 7.8%$277.87
38,600 at 7.81%$278.14
38,600 at 7.82%$278.40
38,600 at 7.83%$278.67
38,600 at 7.84%$278.94
38,600 at 7.85%$279.21
38,600 at 7.86%$279.48
38,600 at 7.87%$279.74
38,600 at 7.88%$280.01
38,600 at 7.89%$280.28
38,600 at 7.9%$280.55
38,600 at 7.91%$280.82
38,600 at 7.92%$281.08
38,600 at 7.93%$281.35
38,600 at 7.94%$281.62
38,600 at 7.95%$281.89
38,600 at 7.96%$282.16
38,600 at 7.97%$282.43
38,600 at 7.98%$282.70
38,600 at 7.99%$282.96
38,600 at 8%$283.23
More Amounts
What is the down payment for a $38,600 house? How much do you need to put down?
Percent Down Down Payment
1%386
2%772
3%1,158
4%1,544
5%1,930
6%2,316
7%2,702
8%3,088
9%3,474
10%3,860
11%4,246
12%4,632
13%5,018
14%5,404
15%5,790
16%6,176
17%6,562
18%6,948
19%7,334
20%7,720
Percent Down Down Payment
21%8,106
22%8,492
23%8,878
24%9,264
25%9,650
26%10,036
27%10,422
28%10,808
29%11,194
30%11,580
31%11,966
32%12,352
33%12,738
34%13,124
35%13,510
36%13,896
37%14,282
38%14,668
39%15,054
40%15,440
Percent Down Down Payment
41%15,826
42%16,212
43%16,598
44%16,984
45%17,370
46%17,756
47%18,142
48%18,528
49%18,914
50%19,300
51%19,686
52%20,072
53%20,458
54%20,844
55%21,230
56%21,616
57%22,002
58%22,388
59%22,774
60%23,160
Percent Down Down Payment
61%23,546
62%23,932
63%24,318
64%24,704
65%25,090
66%25,476
67%25,862
68%26,248
69%26,634
70%27,020
71%27,406
72%27,792
73%28,178
74%28,564
75%28,950
76%29,336
77%29,722
78%30,108
79%30,494
80%30,880
Percent Down Down Payment
81%31,266
82%31,652
83%32,038
84%32,424
85%32,810
86%33,196
87%33,582
88%33,968
89%34,354
90%34,740
91%35,126
92%35,512
93%35,898
94%36,284
95%36,670
96%37,056
97%37,442
98%37,828
99%38,214
100%38,600
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.