$50,750 Mortgage for 30 Years

What is the monthly payment of a 50,750 dollar loan?
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Loan Tables for a $50,750 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 51k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $50,750 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
50,750 at 2.01%$187.84
50,750 at 2.02%$188.09
50,750 at 2.03%$188.34
50,750 at 2.04%$188.60
50,750 at 2.05%$188.85
50,750 at 2.06%$189.11
50,750 at 2.07%$189.36
50,750 at 2.08%$189.62
50,750 at 2.09%$189.87
50,750 at 2.1%$190.13
50,750 at 2.11%$190.39
50,750 at 2.12%$190.64
50,750 at 2.13%$190.90
50,750 at 2.14%$191.15
50,750 at 2.15%$191.41
50,750 at 2.16%$191.67
50,750 at 2.17%$191.93
50,750 at 2.18%$192.18
50,750 at 2.19%$192.44
50,750 at 2.2%$192.70
50,750 at 2.21%$192.96
50,750 at 2.22%$193.21
50,750 at 2.23%$193.47
50,750 at 2.24%$193.73
50,750 at 2.25%$193.99
50,750 at 2.26%$194.25
50,750 at 2.27%$194.51
50,750 at 2.28%$194.77
50,750 at 2.29%$195.03
50,750 at 2.3%$195.29
50,750 at 2.31%$195.55
50,750 at 2.32%$195.81
50,750 at 2.33%$196.07
50,750 at 2.34%$196.33
50,750 at 2.35%$196.59
50,750 at 2.36%$196.85
50,750 at 2.37%$197.11
50,750 at 2.38%$197.37
50,750 at 2.39%$197.63
50,750 at 2.4%$197.90
50,750 at 2.41%$198.16
50,750 at 2.42%$198.42
50,750 at 2.43%$198.68
50,750 at 2.44%$198.94
50,750 at 2.45%$199.21
50,750 at 2.46%$199.47
50,750 at 2.47%$199.73
50,750 at 2.48%$200.00
50,750 at 2.49%$200.26
50,750 at 2.5%$200.52
50,750 at 2.51%$200.79
50,750 at 2.52%$201.05
50,750 at 2.53%$201.32
50,750 at 2.54%$201.58
50,750 at 2.55%$201.85
50,750 at 2.56%$202.11
50,750 at 2.57%$202.38
50,750 at 2.58%$202.64
50,750 at 2.59%$202.91
50,750 at 2.6%$203.17
50,750 at 2.61%$203.44
50,750 at 2.62%$203.70
50,750 at 2.63%$203.97
50,750 at 2.64%$204.24
50,750 at 2.65%$204.50
50,750 at 2.66%$204.77
50,750 at 2.67%$205.04
50,750 at 2.68%$205.31
50,750 at 2.69%$205.57
50,750 at 2.7%$205.84
50,750 at 2.71%$206.11
50,750 at 2.72%$206.38
50,750 at 2.73%$206.65
50,750 at 2.74%$206.91
50,750 at 2.75%$207.18
50,750 at 2.76%$207.45
50,750 at 2.77%$207.72
50,750 at 2.78%$207.99
50,750 at 2.79%$208.26
50,750 at 2.8%$208.53
50,750 at 2.81%$208.80
50,750 at 2.82%$209.07
50,750 at 2.83%$209.34
50,750 at 2.84%$209.61
50,750 at 2.85%$209.88
50,750 at 2.86%$210.15
50,750 at 2.87%$210.42
50,750 at 2.88%$210.69
50,750 at 2.89%$210.97
50,750 at 2.9%$211.24
50,750 at 2.91%$211.51
50,750 at 2.92%$211.78
50,750 at 2.93%$212.05
50,750 at 2.94%$212.33
50,750 at 2.95%$212.60
50,750 at 2.96%$212.87
50,750 at 2.97%$213.14
50,750 at 2.98%$213.42
50,750 at 2.99%$213.69
50,750 at 3%$213.96
50,750 at 3.01%$214.24
50,750 at 3.02%$214.51
50,750 at 3.03%$214.79
50,750 at 3.04%$215.06
50,750 at 3.05%$215.34
50,750 at 3.06%$215.61
50,750 at 3.07%$215.88
50,750 at 3.08%$216.16
50,750 at 3.09%$216.44
50,750 at 3.1%$216.71
50,750 at 3.11%$216.99
50,750 at 3.12%$217.26
50,750 at 3.13%$217.54
50,750 at 3.14%$217.81
50,750 at 3.15%$218.09
50,750 at 3.16%$218.37
50,750 at 3.17%$218.65
50,750 at 3.18%$218.92
50,750 at 3.19%$219.20
50,750 at 3.2%$219.48
50,750 at 3.21%$219.75
50,750 at 3.22%$220.03
50,750 at 3.23%$220.31
50,750 at 3.24%$220.59
50,750 at 3.25%$220.87
50,750 at 3.26%$221.15
50,750 at 3.27%$221.42
50,750 at 3.28%$221.70
50,750 at 3.29%$221.98
50,750 at 3.3%$222.26
50,750 at 3.31%$222.54
50,750 at 3.32%$222.82
50,750 at 3.33%$223.10
50,750 at 3.34%$223.38
50,750 at 3.35%$223.66
50,750 at 3.36%$223.94
50,750 at 3.37%$224.22
50,750 at 3.38%$224.50
50,750 at 3.39%$224.79
50,750 at 3.4%$225.07
50,750 at 3.41%$225.35
50,750 at 3.42%$225.63
50,750 at 3.43%$225.91
50,750 at 3.44%$226.19
50,750 at 3.45%$226.48
50,750 at 3.46%$226.76
50,750 at 3.47%$227.04
50,750 at 3.48%$227.32
50,750 at 3.49%$227.61
50,750 at 3.5%$227.89
Interest Rate 30 Year
50,750 at 3.51%$228.17
50,750 at 3.52%$228.46
50,750 at 3.53%$228.74
50,750 at 3.54%$229.02
50,750 at 3.55%$229.31
50,750 at 3.56%$229.59
50,750 at 3.57%$229.88
50,750 at 3.58%$230.16
50,750 at 3.59%$230.45
50,750 at 3.6%$230.73
50,750 at 3.61%$231.02
50,750 at 3.62%$231.30
50,750 at 3.63%$231.59
50,750 at 3.64%$231.87
50,750 at 3.65%$232.16
50,750 at 3.66%$232.45
50,750 at 3.67%$232.73
50,750 at 3.68%$233.02
50,750 at 3.69%$233.31
50,750 at 3.7%$233.59
50,750 at 3.71%$233.88
50,750 at 3.72%$234.17
50,750 at 3.73%$234.46
50,750 at 3.74%$234.74
50,750 at 3.75%$235.03
50,750 at 3.76%$235.32
50,750 at 3.77%$235.61
50,750 at 3.78%$235.90
50,750 at 3.79%$236.18
50,750 at 3.8%$236.47
50,750 at 3.81%$236.76
50,750 at 3.82%$237.05
50,750 at 3.83%$237.34
50,750 at 3.84%$237.63
50,750 at 3.85%$237.92
50,750 at 3.86%$238.21
50,750 at 3.87%$238.50
50,750 at 3.88%$238.79
50,750 at 3.89%$239.08
50,750 at 3.9%$239.37
50,750 at 3.91%$239.66
50,750 at 3.92%$239.95
50,750 at 3.93%$240.24
50,750 at 3.94%$240.54
50,750 at 3.95%$240.83
50,750 at 3.96%$241.12
50,750 at 3.97%$241.41
50,750 at 3.98%$241.70
50,750 at 3.99%$242.00
50,750 at 4%$242.29
50,750 at 4.01%$242.58
50,750 at 4.02%$242.87
50,750 at 4.03%$243.17
50,750 at 4.04%$243.46
50,750 at 4.05%$243.75
50,750 at 4.06%$244.05
50,750 at 4.07%$244.34
50,750 at 4.08%$244.63
50,750 at 4.09%$244.93
50,750 at 4.1%$245.22
50,750 at 4.11%$245.52
50,750 at 4.12%$245.81
50,750 at 4.13%$246.11
50,750 at 4.14%$246.40
50,750 at 4.15%$246.70
50,750 at 4.16%$246.99
50,750 at 4.17%$247.29
50,750 at 4.18%$247.58
50,750 at 4.19%$247.88
50,750 at 4.2%$248.18
50,750 at 4.21%$248.47
50,750 at 4.22%$248.77
50,750 at 4.23%$249.07
50,750 at 4.24%$249.36
50,750 at 4.25%$249.66
50,750 at 4.26%$249.96
50,750 at 4.27%$250.25
50,750 at 4.28%$250.55
50,750 at 4.29%$250.85
50,750 at 4.3%$251.15
50,750 at 4.31%$251.45
50,750 at 4.32%$251.74
50,750 at 4.33%$252.04
50,750 at 4.34%$252.34
50,750 at 4.35%$252.64
50,750 at 4.36%$252.94
50,750 at 4.37%$253.24
50,750 at 4.38%$253.54
50,750 at 4.39%$253.84
50,750 at 4.4%$254.14
50,750 at 4.41%$254.44
50,750 at 4.42%$254.74
50,750 at 4.43%$255.04
50,750 at 4.44%$255.34
50,750 at 4.45%$255.64
50,750 at 4.46%$255.94
50,750 at 4.47%$256.24
50,750 at 4.48%$256.54
50,750 at 4.49%$256.84
50,750 at 4.5%$257.14
50,750 at 4.51%$257.44
50,750 at 4.52%$257.75
50,750 at 4.53%$258.05
50,750 at 4.54%$258.35
50,750 at 4.55%$258.65
50,750 at 4.56%$258.96
50,750 at 4.57%$259.26
50,750 at 4.58%$259.56
50,750 at 4.59%$259.86
50,750 at 4.6%$260.17
50,750 at 4.61%$260.47
50,750 at 4.62%$260.77
50,750 at 4.63%$261.08
50,750 at 4.64%$261.38
50,750 at 4.65%$261.69
50,750 at 4.66%$261.99
50,750 at 4.67%$262.29
50,750 at 4.68%$262.60
50,750 at 4.69%$262.90
50,750 at 4.7%$263.21
50,750 at 4.71%$263.51
50,750 at 4.72%$263.82
50,750 at 4.73%$264.12
50,750 at 4.74%$264.43
50,750 at 4.75%$264.74
50,750 at 4.76%$265.04
50,750 at 4.77%$265.35
50,750 at 4.78%$265.65
50,750 at 4.79%$265.96
50,750 at 4.8%$266.27
50,750 at 4.81%$266.57
50,750 at 4.82%$266.88
50,750 at 4.83%$267.19
50,750 at 4.84%$267.50
50,750 at 4.85%$267.80
50,750 at 4.86%$268.11
50,750 at 4.87%$268.42
50,750 at 4.88%$268.73
50,750 at 4.89%$269.04
50,750 at 4.9%$269.34
50,750 at 4.91%$269.65
50,750 at 4.92%$269.96
50,750 at 4.93%$270.27
50,750 at 4.94%$270.58
50,750 at 4.95%$270.89
50,750 at 4.96%$271.20
50,750 at 4.97%$271.51
50,750 at 4.98%$271.82
50,750 at 4.99%$272.13
50,750 at 5%$272.44
Interest Rate 30 Year
50,750 at 5.01%$272.75
50,750 at 5.02%$273.06
50,750 at 5.03%$273.37
50,750 at 5.04%$273.68
50,750 at 5.05%$273.99
50,750 at 5.06%$274.30
50,750 at 5.07%$274.61
50,750 at 5.08%$274.92
50,750 at 5.09%$275.24
50,750 at 5.1%$275.55
50,750 at 5.11%$275.86
50,750 at 5.12%$276.17
50,750 at 5.13%$276.48
50,750 at 5.14%$276.80
50,750 at 5.15%$277.11
50,750 at 5.16%$277.42
50,750 at 5.17%$277.73
50,750 at 5.18%$278.05
50,750 at 5.19%$278.36
50,750 at 5.2%$278.67
50,750 at 5.21%$278.99
50,750 at 5.22%$279.30
50,750 at 5.23%$279.62
50,750 at 5.24%$279.93
50,750 at 5.25%$280.24
50,750 at 5.26%$280.56
50,750 at 5.27%$280.87
50,750 at 5.28%$281.19
50,750 at 5.29%$281.50
50,750 at 5.3%$281.82
50,750 at 5.31%$282.13
50,750 at 5.32%$282.45
50,750 at 5.33%$282.76
50,750 at 5.34%$283.08
50,750 at 5.35%$283.39
50,750 at 5.36%$283.71
50,750 at 5.37%$284.03
50,750 at 5.38%$284.34
50,750 at 5.39%$284.66
50,750 at 5.4%$284.98
50,750 at 5.41%$285.29
50,750 at 5.42%$285.61
50,750 at 5.43%$285.93
50,750 at 5.44%$286.25
50,750 at 5.45%$286.56
50,750 at 5.46%$286.88
50,750 at 5.47%$287.20
50,750 at 5.48%$287.52
50,750 at 5.49%$287.83
50,750 at 5.5%$288.15
50,750 at 5.51%$288.47
50,750 at 5.52%$288.79
50,750 at 5.53%$289.11
50,750 at 5.54%$289.43
50,750 at 5.55%$289.75
50,750 at 5.56%$290.07
50,750 at 5.57%$290.39
50,750 at 5.58%$290.71
50,750 at 5.59%$291.03
50,750 at 5.6%$291.35
50,750 at 5.61%$291.67
50,750 at 5.62%$291.99
50,750 at 5.63%$292.31
50,750 at 5.64%$292.63
50,750 at 5.65%$292.95
50,750 at 5.66%$293.27
50,750 at 5.67%$293.59
50,750 at 5.68%$293.91
50,750 at 5.69%$294.23
50,750 at 5.7%$294.55
50,750 at 5.71%$294.87
50,750 at 5.72%$295.20
50,750 at 5.73%$295.52
50,750 at 5.74%$295.84
50,750 at 5.75%$296.16
50,750 at 5.76%$296.49
50,750 at 5.77%$296.81
50,750 at 5.78%$297.13
50,750 at 5.79%$297.45
50,750 at 5.8%$297.78
50,750 at 5.81%$298.10
50,750 at 5.82%$298.42
50,750 at 5.83%$298.75
50,750 at 5.84%$299.07
50,750 at 5.85%$299.40
50,750 at 5.86%$299.72
50,750 at 5.87%$300.04
50,750 at 5.88%$300.37
50,750 at 5.89%$300.69
50,750 at 5.9%$301.02
50,750 at 5.91%$301.34
50,750 at 5.92%$301.67
50,750 at 5.93%$301.99
50,750 at 5.94%$302.32
50,750 at 5.95%$302.64
50,750 at 5.96%$302.97
50,750 at 5.97%$303.29
50,750 at 5.98%$303.62
50,750 at 5.99%$303.95
50,750 at 6%$304.27
50,750 at 6.01%$304.60
50,750 at 6.02%$304.92
50,750 at 6.03%$305.25
50,750 at 6.04%$305.58
50,750 at 6.05%$305.91
50,750 at 6.06%$306.23
50,750 at 6.07%$306.56
50,750 at 6.08%$306.89
50,750 at 6.09%$307.21
50,750 at 6.1%$307.54
50,750 at 6.11%$307.87
50,750 at 6.12%$308.20
50,750 at 6.13%$308.53
50,750 at 6.14%$308.85
50,750 at 6.15%$309.18
50,750 at 6.16%$309.51
50,750 at 6.17%$309.84
50,750 at 6.18%$310.17
50,750 at 6.19%$310.50
50,750 at 6.2%$310.83
50,750 at 6.21%$311.16
50,750 at 6.22%$311.49
50,750 at 6.23%$311.82
50,750 at 6.24%$312.15
50,750 at 6.25%$312.48
50,750 at 6.26%$312.81
50,750 at 6.27%$313.14
50,750 at 6.28%$313.47
50,750 at 6.29%$313.80
50,750 at 6.3%$314.13
50,750 at 6.31%$314.46
50,750 at 6.32%$314.79
50,750 at 6.33%$315.12
50,750 at 6.34%$315.45
50,750 at 6.35%$315.78
50,750 at 6.36%$316.12
50,750 at 6.37%$316.45
50,750 at 6.38%$316.78
50,750 at 6.39%$317.11
50,750 at 6.4%$317.44
50,750 at 6.41%$317.78
50,750 at 6.42%$318.11
50,750 at 6.43%$318.44
50,750 at 6.44%$318.77
50,750 at 6.45%$319.11
50,750 at 6.46%$319.44
50,750 at 6.47%$319.77
50,750 at 6.48%$320.11
50,750 at 6.49%$320.44
50,750 at 6.5%$320.77
Interest Rate 30 Year
50,750 at 6.51%$321.11
50,750 at 6.52%$321.44
50,750 at 6.53%$321.78
50,750 at 6.54%$322.11
50,750 at 6.55%$322.45
50,750 at 6.56%$322.78
50,750 at 6.57%$323.11
50,750 at 6.58%$323.45
50,750 at 6.59%$323.78
50,750 at 6.6%$324.12
50,750 at 6.61%$324.45
50,750 at 6.62%$324.79
50,750 at 6.63%$325.13
50,750 at 6.64%$325.46
50,750 at 6.65%$325.80
50,750 at 6.66%$326.13
50,750 at 6.67%$326.47
50,750 at 6.68%$326.81
50,750 at 6.69%$327.14
50,750 at 6.7%$327.48
50,750 at 6.71%$327.82
50,750 at 6.72%$328.15
50,750 at 6.73%$328.49
50,750 at 6.74%$328.83
50,750 at 6.75%$329.16
50,750 at 6.76%$329.50
50,750 at 6.77%$329.84
50,750 at 6.78%$330.18
50,750 at 6.79%$330.51
50,750 at 6.8%$330.85
50,750 at 6.81%$331.19
50,750 at 6.82%$331.53
50,750 at 6.83%$331.87
50,750 at 6.84%$332.21
50,750 at 6.85%$332.54
50,750 at 6.86%$332.88
50,750 at 6.87%$333.22
50,750 at 6.88%$333.56
50,750 at 6.89%$333.90
50,750 at 6.9%$334.24
50,750 at 6.91%$334.58
50,750 at 6.92%$334.92
50,750 at 6.93%$335.26
50,750 at 6.94%$335.60
50,750 at 6.95%$335.94
50,750 at 6.96%$336.28
50,750 at 6.97%$336.62
50,750 at 6.98%$336.96
50,750 at 6.99%$337.30
50,750 at 7%$337.64
50,750 at 7.01%$337.98
50,750 at 7.02%$338.32
50,750 at 7.03%$338.66
50,750 at 7.04%$339.01
50,750 at 7.05%$339.35
50,750 at 7.06%$339.69
50,750 at 7.07%$340.03
50,750 at 7.08%$340.37
50,750 at 7.09%$340.71
50,750 at 7.1%$341.06
50,750 at 7.11%$341.40
50,750 at 7.12%$341.74
50,750 at 7.13%$342.08
50,750 at 7.14%$342.43
50,750 at 7.15%$342.77
50,750 at 7.16%$343.11
50,750 at 7.17%$343.45
50,750 at 7.18%$343.80
50,750 at 7.19%$344.14
50,750 at 7.2%$344.49
50,750 at 7.21%$344.83
50,750 at 7.22%$345.17
50,750 at 7.23%$345.52
50,750 at 7.24%$345.86
50,750 at 7.25%$346.20
50,750 at 7.26%$346.55
50,750 at 7.27%$346.89
50,750 at 7.28%$347.24
50,750 at 7.29%$347.58
50,750 at 7.3%$347.93
50,750 at 7.31%$348.27
50,750 at 7.32%$348.62
50,750 at 7.33%$348.96
50,750 at 7.34%$349.31
50,750 at 7.35%$349.65
50,750 at 7.36%$350.00
50,750 at 7.37%$350.34
50,750 at 7.38%$350.69
50,750 at 7.39%$351.04
50,750 at 7.4%$351.38
50,750 at 7.41%$351.73
50,750 at 7.42%$352.08
50,750 at 7.43%$352.42
50,750 at 7.44%$352.77
50,750 at 7.45%$353.12
50,750 at 7.46%$353.46
50,750 at 7.47%$353.81
50,750 at 7.48%$354.16
50,750 at 7.49%$354.50
50,750 at 7.5%$354.85
50,750 at 7.51%$355.20
50,750 at 7.52%$355.55
50,750 at 7.53%$355.89
50,750 at 7.54%$356.24
50,750 at 7.55%$356.59
50,750 at 7.56%$356.94
50,750 at 7.57%$357.29
50,750 at 7.58%$357.64
50,750 at 7.59%$357.98
50,750 at 7.6%$358.33
50,750 at 7.61%$358.68
50,750 at 7.62%$359.03
50,750 at 7.63%$359.38
50,750 at 7.64%$359.73
50,750 at 7.65%$360.08
50,750 at 7.66%$360.43
50,750 at 7.67%$360.78
50,750 at 7.68%$361.13
50,750 at 7.69%$361.48
50,750 at 7.7%$361.83
50,750 at 7.71%$362.18
50,750 at 7.72%$362.53
50,750 at 7.73%$362.88
50,750 at 7.74%$363.23
50,750 at 7.75%$363.58
50,750 at 7.76%$363.93
50,750 at 7.77%$364.28
50,750 at 7.78%$364.63
50,750 at 7.79%$364.98
50,750 at 7.8%$365.33
50,750 at 7.81%$365.69
50,750 at 7.82%$366.04
50,750 at 7.83%$366.39
50,750 at 7.84%$366.74
50,750 at 7.85%$367.09
50,750 at 7.86%$367.44
50,750 at 7.87%$367.80
50,750 at 7.88%$368.15
50,750 at 7.89%$368.50
50,750 at 7.9%$368.85
50,750 at 7.91%$369.21
50,750 at 7.92%$369.56
50,750 at 7.93%$369.91
50,750 at 7.94%$370.26
50,750 at 7.95%$370.62
50,750 at 7.96%$370.97
50,750 at 7.97%$371.32
50,750 at 7.98%$371.68
50,750 at 7.99%$372.03
50,750 at 8%$372.39
More Amounts
What is the down payment for a $50,750 house? How much do you need to put down?
Percent Down Down Payment
1%508
2%1,015
3%1,523
4%2,030
5%2,538
6%3,045
7%3,553
8%4,060
9%4,568
10%5,075
11%5,583
12%6,090
13%6,598
14%7,105
15%7,613
16%8,120
17%8,628
18%9,135
19%9,643
20%10,150
Percent Down Down Payment
21%10,658
22%11,165
23%11,673
24%12,180
25%12,688
26%13,195
27%13,703
28%14,210
29%14,718
30%15,225
31%15,733
32%16,240
33%16,748
34%17,255
35%17,763
36%18,270
37%18,778
38%19,285
39%19,793
40%20,300
Percent Down Down Payment
41%20,808
42%21,315
43%21,823
44%22,330
45%22,838
46%23,345
47%23,853
48%24,360
49%24,868
50%25,375
51%25,883
52%26,390
53%26,898
54%27,405
55%27,913
56%28,420
57%28,928
58%29,435
59%29,943
60%30,450
Percent Down Down Payment
61%30,958
62%31,465
63%31,973
64%32,480
65%32,988
66%33,495
67%34,003
68%34,510
69%35,018
70%35,525
71%36,033
72%36,540
73%37,048
74%37,555
75%38,063
76%38,570
77%39,078
78%39,585
79%40,093
80%40,600
Percent Down Down Payment
81%41,108
82%41,615
83%42,123
84%42,630
85%43,138
86%43,645
87%44,153
88%44,660
89%45,168
90%45,675
91%46,183
92%46,690
93%47,198
94%47,705
95%48,213
96%48,720
97%49,228
98%49,735
99%50,243
100%50,750
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.