$4,000 Mortgage for 30 Years

What is the monthly payment of a 4,000 dollar loan?
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Loan Tables for a $4,000 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 4k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $4,000 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
4,000 at 2.01%$14.80
4,000 at 2.02%$14.82
4,000 at 2.03%$14.84
4,000 at 2.04%$14.86
4,000 at 2.05%$14.88
4,000 at 2.06%$14.91
4,000 at 2.07%$14.93
4,000 at 2.08%$14.95
4,000 at 2.09%$14.97
4,000 at 2.1%$14.99
4,000 at 2.11%$15.01
4,000 at 2.12%$15.03
4,000 at 2.13%$15.05
4,000 at 2.14%$15.07
4,000 at 2.15%$15.09
4,000 at 2.16%$15.11
4,000 at 2.17%$15.13
4,000 at 2.18%$15.15
4,000 at 2.19%$15.17
4,000 at 2.2%$15.19
4,000 at 2.21%$15.21
4,000 at 2.22%$15.23
4,000 at 2.23%$15.25
4,000 at 2.24%$15.27
4,000 at 2.25%$15.29
4,000 at 2.26%$15.31
4,000 at 2.27%$15.33
4,000 at 2.28%$15.35
4,000 at 2.29%$15.37
4,000 at 2.3%$15.39
4,000 at 2.31%$15.41
4,000 at 2.32%$15.43
4,000 at 2.33%$15.45
4,000 at 2.34%$15.47
4,000 at 2.35%$15.49
4,000 at 2.36%$15.52
4,000 at 2.37%$15.54
4,000 at 2.38%$15.56
4,000 at 2.39%$15.58
4,000 at 2.4%$15.60
4,000 at 2.41%$15.62
4,000 at 2.42%$15.64
4,000 at 2.43%$15.66
4,000 at 2.44%$15.68
4,000 at 2.45%$15.70
4,000 at 2.46%$15.72
4,000 at 2.47%$15.74
4,000 at 2.48%$15.76
4,000 at 2.49%$15.78
4,000 at 2.5%$15.80
4,000 at 2.51%$15.83
4,000 at 2.52%$15.85
4,000 at 2.53%$15.87
4,000 at 2.54%$15.89
4,000 at 2.55%$15.91
4,000 at 2.56%$15.93
4,000 at 2.57%$15.95
4,000 at 2.58%$15.97
4,000 at 2.59%$15.99
4,000 at 2.6%$16.01
4,000 at 2.61%$16.03
4,000 at 2.62%$16.06
4,000 at 2.63%$16.08
4,000 at 2.64%$16.10
4,000 at 2.65%$16.12
4,000 at 2.66%$16.14
4,000 at 2.67%$16.16
4,000 at 2.68%$16.18
4,000 at 2.69%$16.20
4,000 at 2.7%$16.22
4,000 at 2.71%$16.25
4,000 at 2.72%$16.27
4,000 at 2.73%$16.29
4,000 at 2.74%$16.31
4,000 at 2.75%$16.33
4,000 at 2.76%$16.35
4,000 at 2.77%$16.37
4,000 at 2.78%$16.39
4,000 at 2.79%$16.41
4,000 at 2.8%$16.44
4,000 at 2.81%$16.46
4,000 at 2.82%$16.48
4,000 at 2.83%$16.50
4,000 at 2.84%$16.52
4,000 at 2.85%$16.54
4,000 at 2.86%$16.56
4,000 at 2.87%$16.59
4,000 at 2.88%$16.61
4,000 at 2.89%$16.63
4,000 at 2.9%$16.65
4,000 at 2.91%$16.67
4,000 at 2.92%$16.69
4,000 at 2.93%$16.71
4,000 at 2.94%$16.73
4,000 at 2.95%$16.76
4,000 at 2.96%$16.78
4,000 at 2.97%$16.80
4,000 at 2.98%$16.82
4,000 at 2.99%$16.84
4,000 at 3%$16.86
4,000 at 3.01%$16.89
4,000 at 3.02%$16.91
4,000 at 3.03%$16.93
4,000 at 3.04%$16.95
4,000 at 3.05%$16.97
4,000 at 3.06%$16.99
4,000 at 3.07%$17.02
4,000 at 3.08%$17.04
4,000 at 3.09%$17.06
4,000 at 3.1%$17.08
4,000 at 3.11%$17.10
4,000 at 3.12%$17.12
4,000 at 3.13%$17.15
4,000 at 3.14%$17.17
4,000 at 3.15%$17.19
4,000 at 3.16%$17.21
4,000 at 3.17%$17.23
4,000 at 3.18%$17.25
4,000 at 3.19%$17.28
4,000 at 3.2%$17.30
4,000 at 3.21%$17.32
4,000 at 3.22%$17.34
4,000 at 3.23%$17.36
4,000 at 3.24%$17.39
4,000 at 3.25%$17.41
4,000 at 3.26%$17.43
4,000 at 3.27%$17.45
4,000 at 3.28%$17.47
4,000 at 3.29%$17.50
4,000 at 3.3%$17.52
4,000 at 3.31%$17.54
4,000 at 3.32%$17.56
4,000 at 3.33%$17.58
4,000 at 3.34%$17.61
4,000 at 3.35%$17.63
4,000 at 3.36%$17.65
4,000 at 3.37%$17.67
4,000 at 3.38%$17.69
4,000 at 3.39%$17.72
4,000 at 3.4%$17.74
4,000 at 3.41%$17.76
4,000 at 3.42%$17.78
4,000 at 3.43%$17.81
4,000 at 3.44%$17.83
4,000 at 3.45%$17.85
4,000 at 3.46%$17.87
4,000 at 3.47%$17.89
4,000 at 3.48%$17.92
4,000 at 3.49%$17.94
4,000 at 3.5%$17.96
Interest Rate 30 Year
4,000 at 3.51%$17.98
4,000 at 3.52%$18.01
4,000 at 3.53%$18.03
4,000 at 3.54%$18.05
4,000 at 3.55%$18.07
4,000 at 3.56%$18.10
4,000 at 3.57%$18.12
4,000 at 3.58%$18.14
4,000 at 3.59%$18.16
4,000 at 3.6%$18.19
4,000 at 3.61%$18.21
4,000 at 3.62%$18.23
4,000 at 3.63%$18.25
4,000 at 3.64%$18.28
4,000 at 3.65%$18.30
4,000 at 3.66%$18.32
4,000 at 3.67%$18.34
4,000 at 3.68%$18.37
4,000 at 3.69%$18.39
4,000 at 3.7%$18.41
4,000 at 3.71%$18.43
4,000 at 3.72%$18.46
4,000 at 3.73%$18.48
4,000 at 3.74%$18.50
4,000 at 3.75%$18.52
4,000 at 3.76%$18.55
4,000 at 3.77%$18.57
4,000 at 3.78%$18.59
4,000 at 3.79%$18.62
4,000 at 3.8%$18.64
4,000 at 3.81%$18.66
4,000 at 3.82%$18.68
4,000 at 3.83%$18.71
4,000 at 3.84%$18.73
4,000 at 3.85%$18.75
4,000 at 3.86%$18.78
4,000 at 3.87%$18.80
4,000 at 3.88%$18.82
4,000 at 3.89%$18.84
4,000 at 3.9%$18.87
4,000 at 3.91%$18.89
4,000 at 3.92%$18.91
4,000 at 3.93%$18.94
4,000 at 3.94%$18.96
4,000 at 3.95%$18.98
4,000 at 3.96%$19.00
4,000 at 3.97%$19.03
4,000 at 3.98%$19.05
4,000 at 3.99%$19.07
4,000 at 4%$19.10
4,000 at 4.01%$19.12
4,000 at 4.02%$19.14
4,000 at 4.03%$19.17
4,000 at 4.04%$19.19
4,000 at 4.05%$19.21
4,000 at 4.06%$19.24
4,000 at 4.07%$19.26
4,000 at 4.08%$19.28
4,000 at 4.09%$19.30
4,000 at 4.1%$19.33
4,000 at 4.11%$19.35
4,000 at 4.12%$19.37
4,000 at 4.13%$19.40
4,000 at 4.14%$19.42
4,000 at 4.15%$19.44
4,000 at 4.16%$19.47
4,000 at 4.17%$19.49
4,000 at 4.18%$19.51
4,000 at 4.19%$19.54
4,000 at 4.2%$19.56
4,000 at 4.21%$19.58
4,000 at 4.22%$19.61
4,000 at 4.23%$19.63
4,000 at 4.24%$19.65
4,000 at 4.25%$19.68
4,000 at 4.26%$19.70
4,000 at 4.27%$19.72
4,000 at 4.28%$19.75
4,000 at 4.29%$19.77
4,000 at 4.3%$19.79
4,000 at 4.31%$19.82
4,000 at 4.32%$19.84
4,000 at 4.33%$19.87
4,000 at 4.34%$19.89
4,000 at 4.35%$19.91
4,000 at 4.36%$19.94
4,000 at 4.37%$19.96
4,000 at 4.38%$19.98
4,000 at 4.39%$20.01
4,000 at 4.4%$20.03
4,000 at 4.41%$20.05
4,000 at 4.42%$20.08
4,000 at 4.43%$20.10
4,000 at 4.44%$20.13
4,000 at 4.45%$20.15
4,000 at 4.46%$20.17
4,000 at 4.47%$20.20
4,000 at 4.48%$20.22
4,000 at 4.49%$20.24
4,000 at 4.5%$20.27
4,000 at 4.51%$20.29
4,000 at 4.52%$20.31
4,000 at 4.53%$20.34
4,000 at 4.54%$20.36
4,000 at 4.55%$20.39
4,000 at 4.56%$20.41
4,000 at 4.57%$20.43
4,000 at 4.58%$20.46
4,000 at 4.59%$20.48
4,000 at 4.6%$20.51
4,000 at 4.61%$20.53
4,000 at 4.62%$20.55
4,000 at 4.63%$20.58
4,000 at 4.64%$20.60
4,000 at 4.65%$20.63
4,000 at 4.66%$20.65
4,000 at 4.67%$20.67
4,000 at 4.68%$20.70
4,000 at 4.69%$20.72
4,000 at 4.7%$20.75
4,000 at 4.71%$20.77
4,000 at 4.72%$20.79
4,000 at 4.73%$20.82
4,000 at 4.74%$20.84
4,000 at 4.75%$20.87
4,000 at 4.76%$20.89
4,000 at 4.77%$20.91
4,000 at 4.78%$20.94
4,000 at 4.79%$20.96
4,000 at 4.8%$20.99
4,000 at 4.81%$21.01
4,000 at 4.82%$21.03
4,000 at 4.83%$21.06
4,000 at 4.84%$21.08
4,000 at 4.85%$21.11
4,000 at 4.86%$21.13
4,000 at 4.87%$21.16
4,000 at 4.88%$21.18
4,000 at 4.89%$21.20
4,000 at 4.9%$21.23
4,000 at 4.91%$21.25
4,000 at 4.92%$21.28
4,000 at 4.93%$21.30
4,000 at 4.94%$21.33
4,000 at 4.95%$21.35
4,000 at 4.96%$21.38
4,000 at 4.97%$21.40
4,000 at 4.98%$21.42
4,000 at 4.99%$21.45
4,000 at 5%$21.47
Interest Rate 30 Year
4,000 at 5.01%$21.50
4,000 at 5.02%$21.52
4,000 at 5.03%$21.55
4,000 at 5.04%$21.57
4,000 at 5.05%$21.60
4,000 at 5.06%$21.62
4,000 at 5.07%$21.64
4,000 at 5.08%$21.67
4,000 at 5.09%$21.69
4,000 at 5.1%$21.72
4,000 at 5.11%$21.74
4,000 at 5.12%$21.77
4,000 at 5.13%$21.79
4,000 at 5.14%$21.82
4,000 at 5.15%$21.84
4,000 at 5.16%$21.87
4,000 at 5.17%$21.89
4,000 at 5.18%$21.92
4,000 at 5.19%$21.94
4,000 at 5.2%$21.96
4,000 at 5.21%$21.99
4,000 at 5.22%$22.01
4,000 at 5.23%$22.04
4,000 at 5.24%$22.06
4,000 at 5.25%$22.09
4,000 at 5.26%$22.11
4,000 at 5.27%$22.14
4,000 at 5.28%$22.16
4,000 at 5.29%$22.19
4,000 at 5.3%$22.21
4,000 at 5.31%$22.24
4,000 at 5.32%$22.26
4,000 at 5.33%$22.29
4,000 at 5.34%$22.31
4,000 at 5.35%$22.34
4,000 at 5.36%$22.36
4,000 at 5.37%$22.39
4,000 at 5.38%$22.41
4,000 at 5.39%$22.44
4,000 at 5.4%$22.46
4,000 at 5.41%$22.49
4,000 at 5.42%$22.51
4,000 at 5.43%$22.54
4,000 at 5.44%$22.56
4,000 at 5.45%$22.59
4,000 at 5.46%$22.61
4,000 at 5.47%$22.64
4,000 at 5.48%$22.66
4,000 at 5.49%$22.69
4,000 at 5.5%$22.71
4,000 at 5.51%$22.74
4,000 at 5.52%$22.76
4,000 at 5.53%$22.79
4,000 at 5.54%$22.81
4,000 at 5.55%$22.84
4,000 at 5.56%$22.86
4,000 at 5.57%$22.89
4,000 at 5.58%$22.91
4,000 at 5.59%$22.94
4,000 at 5.6%$22.96
4,000 at 5.61%$22.99
4,000 at 5.62%$23.01
4,000 at 5.63%$23.04
4,000 at 5.64%$23.06
4,000 at 5.65%$23.09
4,000 at 5.66%$23.11
4,000 at 5.67%$23.14
4,000 at 5.68%$23.17
4,000 at 5.69%$23.19
4,000 at 5.7%$23.22
4,000 at 5.71%$23.24
4,000 at 5.72%$23.27
4,000 at 5.73%$23.29
4,000 at 5.74%$23.32
4,000 at 5.75%$23.34
4,000 at 5.76%$23.37
4,000 at 5.77%$23.39
4,000 at 5.78%$23.42
4,000 at 5.79%$23.44
4,000 at 5.8%$23.47
4,000 at 5.81%$23.50
4,000 at 5.82%$23.52
4,000 at 5.83%$23.55
4,000 at 5.84%$23.57
4,000 at 5.85%$23.60
4,000 at 5.86%$23.62
4,000 at 5.87%$23.65
4,000 at 5.88%$23.67
4,000 at 5.89%$23.70
4,000 at 5.9%$23.73
4,000 at 5.91%$23.75
4,000 at 5.92%$23.78
4,000 at 5.93%$23.80
4,000 at 5.94%$23.83
4,000 at 5.95%$23.85
4,000 at 5.96%$23.88
4,000 at 5.97%$23.90
4,000 at 5.98%$23.93
4,000 at 5.99%$23.96
4,000 at 6%$23.98
4,000 at 6.01%$24.01
4,000 at 6.02%$24.03
4,000 at 6.03%$24.06
4,000 at 6.04%$24.08
4,000 at 6.05%$24.11
4,000 at 6.06%$24.14
4,000 at 6.07%$24.16
4,000 at 6.08%$24.19
4,000 at 6.09%$24.21
4,000 at 6.1%$24.24
4,000 at 6.11%$24.27
4,000 at 6.12%$24.29
4,000 at 6.13%$24.32
4,000 at 6.14%$24.34
4,000 at 6.15%$24.37
4,000 at 6.16%$24.40
4,000 at 6.17%$24.42
4,000 at 6.18%$24.45
4,000 at 6.19%$24.47
4,000 at 6.2%$24.50
4,000 at 6.21%$24.52
4,000 at 6.22%$24.55
4,000 at 6.23%$24.58
4,000 at 6.24%$24.60
4,000 at 6.25%$24.63
4,000 at 6.26%$24.65
4,000 at 6.27%$24.68
4,000 at 6.28%$24.71
4,000 at 6.29%$24.73
4,000 at 6.3%$24.76
4,000 at 6.31%$24.78
4,000 at 6.32%$24.81
4,000 at 6.33%$24.84
4,000 at 6.34%$24.86
4,000 at 6.35%$24.89
4,000 at 6.36%$24.92
4,000 at 6.37%$24.94
4,000 at 6.38%$24.97
4,000 at 6.39%$24.99
4,000 at 6.4%$25.02
4,000 at 6.41%$25.05
4,000 at 6.42%$25.07
4,000 at 6.43%$25.10
4,000 at 6.44%$25.13
4,000 at 6.45%$25.15
4,000 at 6.46%$25.18
4,000 at 6.47%$25.20
4,000 at 6.48%$25.23
4,000 at 6.49%$25.26
4,000 at 6.5%$25.28
Interest Rate 30 Year
4,000 at 6.51%$25.31
4,000 at 6.52%$25.34
4,000 at 6.53%$25.36
4,000 at 6.54%$25.39
4,000 at 6.55%$25.41
4,000 at 6.56%$25.44
4,000 at 6.57%$25.47
4,000 at 6.58%$25.49
4,000 at 6.59%$25.52
4,000 at 6.6%$25.55
4,000 at 6.61%$25.57
4,000 at 6.62%$25.60
4,000 at 6.63%$25.63
4,000 at 6.64%$25.65
4,000 at 6.65%$25.68
4,000 at 6.66%$25.71
4,000 at 6.67%$25.73
4,000 at 6.68%$25.76
4,000 at 6.69%$25.78
4,000 at 6.7%$25.81
4,000 at 6.71%$25.84
4,000 at 6.72%$25.86
4,000 at 6.73%$25.89
4,000 at 6.74%$25.92
4,000 at 6.75%$25.94
4,000 at 6.76%$25.97
4,000 at 6.77%$26.00
4,000 at 6.78%$26.02
4,000 at 6.79%$26.05
4,000 at 6.8%$26.08
4,000 at 6.81%$26.10
4,000 at 6.82%$26.13
4,000 at 6.83%$26.16
4,000 at 6.84%$26.18
4,000 at 6.85%$26.21
4,000 at 6.86%$26.24
4,000 at 6.87%$26.26
4,000 at 6.88%$26.29
4,000 at 6.89%$26.32
4,000 at 6.9%$26.34
4,000 at 6.91%$26.37
4,000 at 6.92%$26.40
4,000 at 6.93%$26.42
4,000 at 6.94%$26.45
4,000 at 6.95%$26.48
4,000 at 6.96%$26.50
4,000 at 6.97%$26.53
4,000 at 6.98%$26.56
4,000 at 6.99%$26.59
4,000 at 7%$26.61
4,000 at 7.01%$26.64
4,000 at 7.02%$26.67
4,000 at 7.03%$26.69
4,000 at 7.04%$26.72
4,000 at 7.05%$26.75
4,000 at 7.06%$26.77
4,000 at 7.07%$26.80
4,000 at 7.08%$26.83
4,000 at 7.09%$26.85
4,000 at 7.1%$26.88
4,000 at 7.11%$26.91
4,000 at 7.12%$26.94
4,000 at 7.13%$26.96
4,000 at 7.14%$26.99
4,000 at 7.15%$27.02
4,000 at 7.16%$27.04
4,000 at 7.17%$27.07
4,000 at 7.18%$27.10
4,000 at 7.19%$27.12
4,000 at 7.2%$27.15
4,000 at 7.21%$27.18
4,000 at 7.22%$27.21
4,000 at 7.23%$27.23
4,000 at 7.24%$27.26
4,000 at 7.25%$27.29
4,000 at 7.26%$27.31
4,000 at 7.27%$27.34
4,000 at 7.28%$27.37
4,000 at 7.29%$27.40
4,000 at 7.3%$27.42
4,000 at 7.31%$27.45
4,000 at 7.32%$27.48
4,000 at 7.33%$27.50
4,000 at 7.34%$27.53
4,000 at 7.35%$27.56
4,000 at 7.36%$27.59
4,000 at 7.37%$27.61
4,000 at 7.38%$27.64
4,000 at 7.39%$27.67
4,000 at 7.4%$27.70
4,000 at 7.41%$27.72
4,000 at 7.42%$27.75
4,000 at 7.43%$27.78
4,000 at 7.44%$27.80
4,000 at 7.45%$27.83
4,000 at 7.46%$27.86
4,000 at 7.47%$27.89
4,000 at 7.48%$27.91
4,000 at 7.49%$27.94
4,000 at 7.5%$27.97
4,000 at 7.51%$28.00
4,000 at 7.52%$28.02
4,000 at 7.53%$28.05
4,000 at 7.54%$28.08
4,000 at 7.55%$28.11
4,000 at 7.56%$28.13
4,000 at 7.57%$28.16
4,000 at 7.58%$28.19
4,000 at 7.59%$28.22
4,000 at 7.6%$28.24
4,000 at 7.61%$28.27
4,000 at 7.62%$28.30
4,000 at 7.63%$28.33
4,000 at 7.64%$28.35
4,000 at 7.65%$28.38
4,000 at 7.66%$28.41
4,000 at 7.67%$28.44
4,000 at 7.68%$28.46
4,000 at 7.69%$28.49
4,000 at 7.7%$28.52
4,000 at 7.71%$28.55
4,000 at 7.72%$28.57
4,000 at 7.73%$28.60
4,000 at 7.74%$28.63
4,000 at 7.75%$28.66
4,000 at 7.76%$28.68
4,000 at 7.77%$28.71
4,000 at 7.78%$28.74
4,000 at 7.79%$28.77
4,000 at 7.8%$28.79
4,000 at 7.81%$28.82
4,000 at 7.82%$28.85
4,000 at 7.83%$28.88
4,000 at 7.84%$28.91
4,000 at 7.85%$28.93
4,000 at 7.86%$28.96
4,000 at 7.87%$28.99
4,000 at 7.88%$29.02
4,000 at 7.89%$29.04
4,000 at 7.9%$29.07
4,000 at 7.91%$29.10
4,000 at 7.92%$29.13
4,000 at 7.93%$29.16
4,000 at 7.94%$29.18
4,000 at 7.95%$29.21
4,000 at 7.96%$29.24
4,000 at 7.97%$29.27
4,000 at 7.98%$29.29
4,000 at 7.99%$29.32
4,000 at 8%$29.35
More Amounts
4,500
5,000
5,500
6,000
6,500
7,000
7,500
8,000
8,500
9,000
9,500
10,000
10,500
11,000
11,500
12,000
12,500
13,000
13,500
14,000
What is the down payment for a $4,000 house? How much do you need to put down?
Percent Down Down Payment
1%40
2%80
3%120
4%160
5%200
6%240
7%280
8%320
9%360
10%400
11%440
12%480
13%520
14%560
15%600
16%640
17%680
18%720
19%760
20%800
Percent Down Down Payment
21%840
22%880
23%920
24%960
25%1,000
26%1,040
27%1,080
28%1,120
29%1,160
30%1,200
31%1,240
32%1,280
33%1,320
34%1,360
35%1,400
36%1,440
37%1,480
38%1,520
39%1,560
40%1,600
Percent Down Down Payment
41%1,640
42%1,680
43%1,720
44%1,760
45%1,800
46%1,840
47%1,880
48%1,920
49%1,960
50%2,000
51%2,040
52%2,080
53%2,120
54%2,160
55%2,200
56%2,240
57%2,280
58%2,320
59%2,360
60%2,400
Percent Down Down Payment
61%2,440
62%2,480
63%2,520
64%2,560
65%2,600
66%2,640
67%2,680
68%2,720
69%2,760
70%2,800
71%2,840
72%2,880
73%2,920
74%2,960
75%3,000
76%3,040
77%3,080
78%3,120
79%3,160
80%3,200
Percent Down Down Payment
81%3,240
82%3,280
83%3,320
84%3,360
85%3,400
86%3,440
87%3,480
88%3,520
89%3,560
90%3,600
91%3,640
92%3,680
93%3,720
94%3,760
95%3,800
96%3,840
97%3,880
98%3,920
99%3,960
100%4,000
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.