$43,750 Mortgage for 30 Years

What is the monthly payment of a 43,750 dollar loan?
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Loan Tables for a $43,750 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 44k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $43,750 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
43,750 at 2.01%$161.93
43,750 at 2.02%$162.15
43,750 at 2.03%$162.37
43,750 at 2.04%$162.59
43,750 at 2.05%$162.80
43,750 at 2.06%$163.02
43,750 at 2.07%$163.24
43,750 at 2.08%$163.46
43,750 at 2.09%$163.68
43,750 at 2.1%$163.91
43,750 at 2.11%$164.13
43,750 at 2.12%$164.35
43,750 at 2.13%$164.57
43,750 at 2.14%$164.79
43,750 at 2.15%$165.01
43,750 at 2.16%$165.23
43,750 at 2.17%$165.45
43,750 at 2.18%$165.67
43,750 at 2.19%$165.90
43,750 at 2.2%$166.12
43,750 at 2.21%$166.34
43,750 at 2.22%$166.56
43,750 at 2.23%$166.79
43,750 at 2.24%$167.01
43,750 at 2.25%$167.23
43,750 at 2.26%$167.46
43,750 at 2.27%$167.68
43,750 at 2.28%$167.90
43,750 at 2.29%$168.13
43,750 at 2.3%$168.35
43,750 at 2.31%$168.57
43,750 at 2.32%$168.80
43,750 at 2.33%$169.02
43,750 at 2.34%$169.25
43,750 at 2.35%$169.47
43,750 at 2.36%$169.70
43,750 at 2.37%$169.92
43,750 at 2.38%$170.15
43,750 at 2.39%$170.37
43,750 at 2.4%$170.60
43,750 at 2.41%$170.83
43,750 at 2.42%$171.05
43,750 at 2.43%$171.28
43,750 at 2.44%$171.50
43,750 at 2.45%$171.73
43,750 at 2.46%$171.96
43,750 at 2.47%$172.18
43,750 at 2.48%$172.41
43,750 at 2.49%$172.64
43,750 at 2.5%$172.87
43,750 at 2.51%$173.09
43,750 at 2.52%$173.32
43,750 at 2.53%$173.55
43,750 at 2.54%$173.78
43,750 at 2.55%$174.00
43,750 at 2.56%$174.23
43,750 at 2.57%$174.46
43,750 at 2.58%$174.69
43,750 at 2.59%$174.92
43,750 at 2.6%$175.15
43,750 at 2.61%$175.38
43,750 at 2.62%$175.61
43,750 at 2.63%$175.84
43,750 at 2.64%$176.07
43,750 at 2.65%$176.30
43,750 at 2.66%$176.53
43,750 at 2.67%$176.76
43,750 at 2.68%$176.99
43,750 at 2.69%$177.22
43,750 at 2.7%$177.45
43,750 at 2.71%$177.68
43,750 at 2.72%$177.91
43,750 at 2.73%$178.14
43,750 at 2.74%$178.37
43,750 at 2.75%$178.61
43,750 at 2.76%$178.84
43,750 at 2.77%$179.07
43,750 at 2.78%$179.30
43,750 at 2.79%$179.53
43,750 at 2.8%$179.77
43,750 at 2.81%$180.00
43,750 at 2.82%$180.23
43,750 at 2.83%$180.46
43,750 at 2.84%$180.70
43,750 at 2.85%$180.93
43,750 at 2.86%$181.16
43,750 at 2.87%$181.40
43,750 at 2.88%$181.63
43,750 at 2.89%$181.87
43,750 at 2.9%$182.10
43,750 at 2.91%$182.33
43,750 at 2.92%$182.57
43,750 at 2.93%$182.80
43,750 at 2.94%$183.04
43,750 at 2.95%$183.27
43,750 at 2.96%$183.51
43,750 at 2.97%$183.74
43,750 at 2.98%$183.98
43,750 at 2.99%$184.22
43,750 at 3%$184.45
43,750 at 3.01%$184.69
43,750 at 3.02%$184.92
43,750 at 3.03%$185.16
43,750 at 3.04%$185.40
43,750 at 3.05%$185.63
43,750 at 3.06%$185.87
43,750 at 3.07%$186.11
43,750 at 3.08%$186.34
43,750 at 3.09%$186.58
43,750 at 3.1%$186.82
43,750 at 3.11%$187.06
43,750 at 3.12%$187.30
43,750 at 3.13%$187.53
43,750 at 3.14%$187.77
43,750 at 3.15%$188.01
43,750 at 3.16%$188.25
43,750 at 3.17%$188.49
43,750 at 3.18%$188.73
43,750 at 3.19%$188.97
43,750 at 3.2%$189.20
43,750 at 3.21%$189.44
43,750 at 3.22%$189.68
43,750 at 3.23%$189.92
43,750 at 3.24%$190.16
43,750 at 3.25%$190.40
43,750 at 3.26%$190.64
43,750 at 3.27%$190.88
43,750 at 3.28%$191.12
43,750 at 3.29%$191.36
43,750 at 3.3%$191.61
43,750 at 3.31%$191.85
43,750 at 3.32%$192.09
43,750 at 3.33%$192.33
43,750 at 3.34%$192.57
43,750 at 3.35%$192.81
43,750 at 3.36%$193.05
43,750 at 3.37%$193.30
43,750 at 3.38%$193.54
43,750 at 3.39%$193.78
43,750 at 3.4%$194.02
43,750 at 3.41%$194.27
43,750 at 3.42%$194.51
43,750 at 3.43%$194.75
43,750 at 3.44%$194.99
43,750 at 3.45%$195.24
43,750 at 3.46%$195.48
43,750 at 3.47%$195.73
43,750 at 3.48%$195.97
43,750 at 3.49%$196.21
43,750 at 3.5%$196.46
Interest Rate 30 Year
43,750 at 3.51%$196.70
43,750 at 3.52%$196.95
43,750 at 3.53%$197.19
43,750 at 3.54%$197.44
43,750 at 3.55%$197.68
43,750 at 3.56%$197.93
43,750 at 3.57%$198.17
43,750 at 3.58%$198.42
43,750 at 3.59%$198.66
43,750 at 3.6%$198.91
43,750 at 3.61%$199.15
43,750 at 3.62%$199.40
43,750 at 3.63%$199.65
43,750 at 3.64%$199.89
43,750 at 3.65%$200.14
43,750 at 3.66%$200.39
43,750 at 3.67%$200.63
43,750 at 3.68%$200.88
43,750 at 3.69%$201.13
43,750 at 3.7%$201.37
43,750 at 3.71%$201.62
43,750 at 3.72%$201.87
43,750 at 3.73%$202.12
43,750 at 3.74%$202.36
43,750 at 3.75%$202.61
43,750 at 3.76%$202.86
43,750 at 3.77%$203.11
43,750 at 3.78%$203.36
43,750 at 3.79%$203.61
43,750 at 3.8%$203.86
43,750 at 3.81%$204.11
43,750 at 3.82%$204.35
43,750 at 3.83%$204.60
43,750 at 3.84%$204.85
43,750 at 3.85%$205.10
43,750 at 3.86%$205.35
43,750 at 3.87%$205.60
43,750 at 3.88%$205.85
43,750 at 3.89%$206.10
43,750 at 3.9%$206.35
43,750 at 3.91%$206.61
43,750 at 3.92%$206.86
43,750 at 3.93%$207.11
43,750 at 3.94%$207.36
43,750 at 3.95%$207.61
43,750 at 3.96%$207.86
43,750 at 3.97%$208.11
43,750 at 3.98%$208.37
43,750 at 3.99%$208.62
43,750 at 4%$208.87
43,750 at 4.01%$209.12
43,750 at 4.02%$209.37
43,750 at 4.03%$209.63
43,750 at 4.04%$209.88
43,750 at 4.05%$210.13
43,750 at 4.06%$210.39
43,750 at 4.07%$210.64
43,750 at 4.08%$210.89
43,750 at 4.09%$211.15
43,750 at 4.1%$211.40
43,750 at 4.11%$211.65
43,750 at 4.12%$211.91
43,750 at 4.13%$212.16
43,750 at 4.14%$212.42
43,750 at 4.15%$212.67
43,750 at 4.16%$212.92
43,750 at 4.17%$213.18
43,750 at 4.18%$213.43
43,750 at 4.19%$213.69
43,750 at 4.2%$213.95
43,750 at 4.21%$214.20
43,750 at 4.22%$214.46
43,750 at 4.23%$214.71
43,750 at 4.24%$214.97
43,750 at 4.25%$215.22
43,750 at 4.26%$215.48
43,750 at 4.27%$215.74
43,750 at 4.28%$215.99
43,750 at 4.29%$216.25
43,750 at 4.3%$216.51
43,750 at 4.31%$216.76
43,750 at 4.32%$217.02
43,750 at 4.33%$217.28
43,750 at 4.34%$217.54
43,750 at 4.35%$217.79
43,750 at 4.36%$218.05
43,750 at 4.37%$218.31
43,750 at 4.38%$218.57
43,750 at 4.39%$218.82
43,750 at 4.4%$219.08
43,750 at 4.41%$219.34
43,750 at 4.42%$219.60
43,750 at 4.43%$219.86
43,750 at 4.44%$220.12
43,750 at 4.45%$220.38
43,750 at 4.46%$220.64
43,750 at 4.47%$220.90
43,750 at 4.48%$221.16
43,750 at 4.49%$221.41
43,750 at 4.5%$221.67
43,750 at 4.51%$221.93
43,750 at 4.52%$222.20
43,750 at 4.53%$222.46
43,750 at 4.54%$222.72
43,750 at 4.55%$222.98
43,750 at 4.56%$223.24
43,750 at 4.57%$223.50
43,750 at 4.58%$223.76
43,750 at 4.59%$224.02
43,750 at 4.6%$224.28
43,750 at 4.61%$224.54
43,750 at 4.62%$224.81
43,750 at 4.63%$225.07
43,750 at 4.64%$225.33
43,750 at 4.65%$225.59
43,750 at 4.66%$225.85
43,750 at 4.67%$226.12
43,750 at 4.68%$226.38
43,750 at 4.69%$226.64
43,750 at 4.7%$226.90
43,750 at 4.71%$227.17
43,750 at 4.72%$227.43
43,750 at 4.73%$227.69
43,750 at 4.74%$227.96
43,750 at 4.75%$228.22
43,750 at 4.76%$228.48
43,750 at 4.77%$228.75
43,750 at 4.78%$229.01
43,750 at 4.79%$229.28
43,750 at 4.8%$229.54
43,750 at 4.81%$229.81
43,750 at 4.82%$230.07
43,750 at 4.83%$230.34
43,750 at 4.84%$230.60
43,750 at 4.85%$230.87
43,750 at 4.86%$231.13
43,750 at 4.87%$231.40
43,750 at 4.88%$231.66
43,750 at 4.89%$231.93
43,750 at 4.9%$232.19
43,750 at 4.91%$232.46
43,750 at 4.92%$232.73
43,750 at 4.93%$232.99
43,750 at 4.94%$233.26
43,750 at 4.95%$233.52
43,750 at 4.96%$233.79
43,750 at 4.97%$234.06
43,750 at 4.98%$234.32
43,750 at 4.99%$234.59
43,750 at 5%$234.86
Interest Rate 30 Year
43,750 at 5.01%$235.13
43,750 at 5.02%$235.39
43,750 at 5.03%$235.66
43,750 at 5.04%$235.93
43,750 at 5.05%$236.20
43,750 at 5.06%$236.47
43,750 at 5.07%$236.73
43,750 at 5.08%$237.00
43,750 at 5.09%$237.27
43,750 at 5.1%$237.54
43,750 at 5.11%$237.81
43,750 at 5.12%$238.08
43,750 at 5.13%$238.35
43,750 at 5.14%$238.62
43,750 at 5.15%$238.89
43,750 at 5.16%$239.16
43,750 at 5.17%$239.43
43,750 at 5.18%$239.70
43,750 at 5.19%$239.97
43,750 at 5.2%$240.24
43,750 at 5.21%$240.51
43,750 at 5.22%$240.78
43,750 at 5.23%$241.05
43,750 at 5.24%$241.32
43,750 at 5.25%$241.59
43,750 at 5.26%$241.86
43,750 at 5.27%$242.13
43,750 at 5.28%$242.40
43,750 at 5.29%$242.67
43,750 at 5.3%$242.95
43,750 at 5.31%$243.22
43,750 at 5.32%$243.49
43,750 at 5.33%$243.76
43,750 at 5.34%$244.03
43,750 at 5.35%$244.31
43,750 at 5.36%$244.58
43,750 at 5.37%$244.85
43,750 at 5.38%$245.12
43,750 at 5.39%$245.40
43,750 at 5.4%$245.67
43,750 at 5.41%$245.94
43,750 at 5.42%$246.22
43,750 at 5.43%$246.49
43,750 at 5.44%$246.76
43,750 at 5.45%$247.04
43,750 at 5.46%$247.31
43,750 at 5.47%$247.58
43,750 at 5.48%$247.86
43,750 at 5.49%$248.13
43,750 at 5.5%$248.41
43,750 at 5.51%$248.68
43,750 at 5.52%$248.96
43,750 at 5.53%$249.23
43,750 at 5.54%$249.51
43,750 at 5.55%$249.78
43,750 at 5.56%$250.06
43,750 at 5.57%$250.33
43,750 at 5.58%$250.61
43,750 at 5.59%$250.88
43,750 at 5.6%$251.16
43,750 at 5.61%$251.44
43,750 at 5.62%$251.71
43,750 at 5.63%$251.99
43,750 at 5.64%$252.26
43,750 at 5.65%$252.54
43,750 at 5.66%$252.82
43,750 at 5.67%$253.09
43,750 at 5.68%$253.37
43,750 at 5.69%$253.65
43,750 at 5.7%$253.93
43,750 at 5.71%$254.20
43,750 at 5.72%$254.48
43,750 at 5.73%$254.76
43,750 at 5.74%$255.04
43,750 at 5.75%$255.31
43,750 at 5.76%$255.59
43,750 at 5.77%$255.87
43,750 at 5.78%$256.15
43,750 at 5.79%$256.43
43,750 at 5.8%$256.70
43,750 at 5.81%$256.98
43,750 at 5.82%$257.26
43,750 at 5.83%$257.54
43,750 at 5.84%$257.82
43,750 at 5.85%$258.10
43,750 at 5.86%$258.38
43,750 at 5.87%$258.66
43,750 at 5.88%$258.94
43,750 at 5.89%$259.22
43,750 at 5.9%$259.50
43,750 at 5.91%$259.78
43,750 at 5.92%$260.06
43,750 at 5.93%$260.34
43,750 at 5.94%$260.62
43,750 at 5.95%$260.90
43,750 at 5.96%$261.18
43,750 at 5.97%$261.46
43,750 at 5.98%$261.74
43,750 at 5.99%$262.02
43,750 at 6%$262.30
43,750 at 6.01%$262.58
43,750 at 6.02%$262.87
43,750 at 6.03%$263.15
43,750 at 6.04%$263.43
43,750 at 6.05%$263.71
43,750 at 6.06%$263.99
43,750 at 6.07%$264.28
43,750 at 6.08%$264.56
43,750 at 6.09%$264.84
43,750 at 6.1%$265.12
43,750 at 6.11%$265.41
43,750 at 6.12%$265.69
43,750 at 6.13%$265.97
43,750 at 6.14%$266.25
43,750 at 6.15%$266.54
43,750 at 6.16%$266.82
43,750 at 6.17%$267.10
43,750 at 6.18%$267.39
43,750 at 6.19%$267.67
43,750 at 6.2%$267.96
43,750 at 6.21%$268.24
43,750 at 6.22%$268.52
43,750 at 6.23%$268.81
43,750 at 6.24%$269.09
43,750 at 6.25%$269.38
43,750 at 6.26%$269.66
43,750 at 6.27%$269.95
43,750 at 6.28%$270.23
43,750 at 6.29%$270.52
43,750 at 6.3%$270.80
43,750 at 6.31%$271.09
43,750 at 6.32%$271.37
43,750 at 6.33%$271.66
43,750 at 6.34%$271.94
43,750 at 6.35%$272.23
43,750 at 6.36%$272.51
43,750 at 6.37%$272.80
43,750 at 6.38%$273.09
43,750 at 6.39%$273.37
43,750 at 6.4%$273.66
43,750 at 6.41%$273.95
43,750 at 6.42%$274.23
43,750 at 6.43%$274.52
43,750 at 6.44%$274.81
43,750 at 6.45%$275.09
43,750 at 6.46%$275.38
43,750 at 6.47%$275.67
43,750 at 6.48%$275.95
43,750 at 6.49%$276.24
43,750 at 6.5%$276.53
Interest Rate 30 Year
43,750 at 6.51%$276.82
43,750 at 6.52%$277.11
43,750 at 6.53%$277.39
43,750 at 6.54%$277.68
43,750 at 6.55%$277.97
43,750 at 6.56%$278.26
43,750 at 6.57%$278.55
43,750 at 6.58%$278.84
43,750 at 6.59%$279.12
43,750 at 6.6%$279.41
43,750 at 6.61%$279.70
43,750 at 6.62%$279.99
43,750 at 6.63%$280.28
43,750 at 6.64%$280.57
43,750 at 6.65%$280.86
43,750 at 6.66%$281.15
43,750 at 6.67%$281.44
43,750 at 6.68%$281.73
43,750 at 6.69%$282.02
43,750 at 6.7%$282.31
43,750 at 6.71%$282.60
43,750 at 6.72%$282.89
43,750 at 6.73%$283.18
43,750 at 6.74%$283.47
43,750 at 6.75%$283.76
43,750 at 6.76%$284.05
43,750 at 6.77%$284.34
43,750 at 6.78%$284.63
43,750 at 6.79%$284.93
43,750 at 6.8%$285.22
43,750 at 6.81%$285.51
43,750 at 6.82%$285.80
43,750 at 6.83%$286.09
43,750 at 6.84%$286.38
43,750 at 6.85%$286.68
43,750 at 6.86%$286.97
43,750 at 6.87%$287.26
43,750 at 6.88%$287.55
43,750 at 6.89%$287.84
43,750 at 6.9%$288.14
43,750 at 6.91%$288.43
43,750 at 6.92%$288.72
43,750 at 6.93%$289.02
43,750 at 6.94%$289.31
43,750 at 6.95%$289.60
43,750 at 6.96%$289.90
43,750 at 6.97%$290.19
43,750 at 6.98%$290.48
43,750 at 6.99%$290.78
43,750 at 7%$291.07
43,750 at 7.01%$291.36
43,750 at 7.02%$291.66
43,750 at 7.03%$291.95
43,750 at 7.04%$292.25
43,750 at 7.05%$292.54
43,750 at 7.06%$292.83
43,750 at 7.07%$293.13
43,750 at 7.08%$293.42
43,750 at 7.09%$293.72
43,750 at 7.1%$294.01
43,750 at 7.11%$294.31
43,750 at 7.12%$294.60
43,750 at 7.13%$294.90
43,750 at 7.14%$295.19
43,750 at 7.15%$295.49
43,750 at 7.16%$295.79
43,750 at 7.17%$296.08
43,750 at 7.18%$296.38
43,750 at 7.19%$296.67
43,750 at 7.2%$296.97
43,750 at 7.21%$297.27
43,750 at 7.22%$297.56
43,750 at 7.23%$297.86
43,750 at 7.24%$298.16
43,750 at 7.25%$298.45
43,750 at 7.26%$298.75
43,750 at 7.27%$299.05
43,750 at 7.28%$299.34
43,750 at 7.29%$299.64
43,750 at 7.3%$299.94
43,750 at 7.31%$300.23
43,750 at 7.32%$300.53
43,750 at 7.33%$300.83
43,750 at 7.34%$301.13
43,750 at 7.35%$301.43
43,750 at 7.36%$301.72
43,750 at 7.37%$302.02
43,750 at 7.38%$302.32
43,750 at 7.39%$302.62
43,750 at 7.4%$302.92
43,750 at 7.41%$303.21
43,750 at 7.42%$303.51
43,750 at 7.43%$303.81
43,750 at 7.44%$304.11
43,750 at 7.45%$304.41
43,750 at 7.46%$304.71
43,750 at 7.47%$305.01
43,750 at 7.48%$305.31
43,750 at 7.49%$305.61
43,750 at 7.5%$305.91
43,750 at 7.51%$306.21
43,750 at 7.52%$306.51
43,750 at 7.53%$306.81
43,750 at 7.54%$307.11
43,750 at 7.55%$307.41
43,750 at 7.56%$307.71
43,750 at 7.57%$308.01
43,750 at 7.58%$308.31
43,750 at 7.59%$308.61
43,750 at 7.6%$308.91
43,750 at 7.61%$309.21
43,750 at 7.62%$309.51
43,750 at 7.63%$309.81
43,750 at 7.64%$310.11
43,750 at 7.65%$310.41
43,750 at 7.66%$310.71
43,750 at 7.67%$311.02
43,750 at 7.68%$311.32
43,750 at 7.69%$311.62
43,750 at 7.7%$311.92
43,750 at 7.71%$312.22
43,750 at 7.72%$312.52
43,750 at 7.73%$312.83
43,750 at 7.74%$313.13
43,750 at 7.75%$313.43
43,750 at 7.76%$313.73
43,750 at 7.77%$314.04
43,750 at 7.78%$314.34
43,750 at 7.79%$314.64
43,750 at 7.8%$314.94
43,750 at 7.81%$315.25
43,750 at 7.82%$315.55
43,750 at 7.83%$315.85
43,750 at 7.84%$316.16
43,750 at 7.85%$316.46
43,750 at 7.86%$316.76
43,750 at 7.87%$317.07
43,750 at 7.88%$317.37
43,750 at 7.89%$317.67
43,750 at 7.9%$317.98
43,750 at 7.91%$318.28
43,750 at 7.92%$318.59
43,750 at 7.93%$318.89
43,750 at 7.94%$319.19
43,750 at 7.95%$319.50
43,750 at 7.96%$319.80
43,750 at 7.97%$320.11
43,750 at 7.98%$320.41
43,750 at 7.99%$320.72
43,750 at 8%$321.02
More Amounts
What is the down payment for a $43,750 house? How much do you need to put down?
Percent Down Down Payment
1%438
2%875
3%1,313
4%1,750
5%2,188
6%2,625
7%3,063
8%3,500
9%3,938
10%4,375
11%4,813
12%5,250
13%5,688
14%6,125
15%6,563
16%7,000
17%7,438
18%7,875
19%8,313
20%8,750
Percent Down Down Payment
21%9,188
22%9,625
23%10,063
24%10,500
25%10,938
26%11,375
27%11,813
28%12,250
29%12,688
30%13,125
31%13,563
32%14,000
33%14,438
34%14,875
35%15,313
36%15,750
37%16,188
38%16,625
39%17,063
40%17,500
Percent Down Down Payment
41%17,938
42%18,375
43%18,813
44%19,250
45%19,688
46%20,125
47%20,563
48%21,000
49%21,438
50%21,875
51%22,313
52%22,750
53%23,188
54%23,625
55%24,063
56%24,500
57%24,938
58%25,375
59%25,813
60%26,250
Percent Down Down Payment
61%26,688
62%27,125
63%27,563
64%28,000
65%28,438
66%28,875
67%29,313
68%29,750
69%30,188
70%30,625
71%31,063
72%31,500
73%31,938
74%32,375
75%32,813
76%33,250
77%33,688
78%34,125
79%34,563
80%35,000
Percent Down Down Payment
81%35,438
82%35,875
83%36,313
84%36,750
85%37,188
86%37,625
87%38,063
88%38,500
89%38,938
90%39,375
91%39,813
92%40,250
93%40,688
94%41,125
95%41,563
96%42,000
97%42,438
98%42,875
99%43,313
100%43,750
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.