$53,350 Mortgage for 30 Years

What is the monthly payment of a 53,350 dollar loan?
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Loan Tables for a $53,350 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 53k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $53,350 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
53,350 at 2.01%$197.46
53,350 at 2.02%$197.73
53,350 at 2.03%$197.99
53,350 at 2.04%$198.26
53,350 at 2.05%$198.53
53,350 at 2.06%$198.80
53,350 at 2.07%$199.06
53,350 at 2.08%$199.33
53,350 at 2.09%$199.60
53,350 at 2.1%$199.87
53,350 at 2.11%$200.14
53,350 at 2.12%$200.41
53,350 at 2.13%$200.68
53,350 at 2.14%$200.95
53,350 at 2.15%$201.22
53,350 at 2.16%$201.49
53,350 at 2.17%$201.76
53,350 at 2.18%$202.03
53,350 at 2.19%$202.30
53,350 at 2.2%$202.57
53,350 at 2.21%$202.84
53,350 at 2.22%$203.11
53,350 at 2.23%$203.38
53,350 at 2.24%$203.66
53,350 at 2.25%$203.93
53,350 at 2.26%$204.20
53,350 at 2.27%$204.47
53,350 at 2.28%$204.75
53,350 at 2.29%$205.02
53,350 at 2.3%$205.29
53,350 at 2.31%$205.56
53,350 at 2.32%$205.84
53,350 at 2.33%$206.11
53,350 at 2.34%$206.39
53,350 at 2.35%$206.66
53,350 at 2.36%$206.93
53,350 at 2.37%$207.21
53,350 at 2.38%$207.48
53,350 at 2.39%$207.76
53,350 at 2.4%$208.03
53,350 at 2.41%$208.31
53,350 at 2.42%$208.58
53,350 at 2.43%$208.86
53,350 at 2.44%$209.14
53,350 at 2.45%$209.41
53,350 at 2.46%$209.69
53,350 at 2.47%$209.97
53,350 at 2.48%$210.24
53,350 at 2.49%$210.52
53,350 at 2.5%$210.80
53,350 at 2.51%$211.07
53,350 at 2.52%$211.35
53,350 at 2.53%$211.63
53,350 at 2.54%$211.91
53,350 at 2.55%$212.19
53,350 at 2.56%$212.47
53,350 at 2.57%$212.74
53,350 at 2.58%$213.02
53,350 at 2.59%$213.30
53,350 at 2.6%$213.58
53,350 at 2.61%$213.86
53,350 at 2.62%$214.14
53,350 at 2.63%$214.42
53,350 at 2.64%$214.70
53,350 at 2.65%$214.98
53,350 at 2.66%$215.26
53,350 at 2.67%$215.54
53,350 at 2.68%$215.82
53,350 at 2.69%$216.10
53,350 at 2.7%$216.39
53,350 at 2.71%$216.67
53,350 at 2.72%$216.95
53,350 at 2.73%$217.23
53,350 at 2.74%$217.51
53,350 at 2.75%$217.80
53,350 at 2.76%$218.08
53,350 at 2.77%$218.36
53,350 at 2.78%$218.65
53,350 at 2.79%$218.93
53,350 at 2.8%$219.21
53,350 at 2.81%$219.50
53,350 at 2.82%$219.78
53,350 at 2.83%$220.06
53,350 at 2.84%$220.35
53,350 at 2.85%$220.63
53,350 at 2.86%$220.92
53,350 at 2.87%$221.20
53,350 at 2.88%$221.49
53,350 at 2.89%$221.77
53,350 at 2.9%$222.06
53,350 at 2.91%$222.34
53,350 at 2.92%$222.63
53,350 at 2.93%$222.92
53,350 at 2.94%$223.20
53,350 at 2.95%$223.49
53,350 at 2.96%$223.78
53,350 at 2.97%$224.06
53,350 at 2.98%$224.35
53,350 at 2.99%$224.64
53,350 at 3%$224.93
53,350 at 3.01%$225.21
53,350 at 3.02%$225.50
53,350 at 3.03%$225.79
53,350 at 3.04%$226.08
53,350 at 3.05%$226.37
53,350 at 3.06%$226.66
53,350 at 3.07%$226.94
53,350 at 3.08%$227.23
53,350 at 3.09%$227.52
53,350 at 3.1%$227.81
53,350 at 3.11%$228.10
53,350 at 3.12%$228.39
53,350 at 3.13%$228.68
53,350 at 3.14%$228.97
53,350 at 3.15%$229.26
53,350 at 3.16%$229.56
53,350 at 3.17%$229.85
53,350 at 3.18%$230.14
53,350 at 3.19%$230.43
53,350 at 3.2%$230.72
53,350 at 3.21%$231.01
53,350 at 3.22%$231.31
53,350 at 3.23%$231.60
53,350 at 3.24%$231.89
53,350 at 3.25%$232.18
53,350 at 3.26%$232.48
53,350 at 3.27%$232.77
53,350 at 3.28%$233.06
53,350 at 3.29%$233.36
53,350 at 3.3%$233.65
53,350 at 3.31%$233.94
53,350 at 3.32%$234.24
53,350 at 3.33%$234.53
53,350 at 3.34%$234.83
53,350 at 3.35%$235.12
53,350 at 3.36%$235.42
53,350 at 3.37%$235.71
53,350 at 3.38%$236.01
53,350 at 3.39%$236.30
53,350 at 3.4%$236.60
53,350 at 3.41%$236.89
53,350 at 3.42%$237.19
53,350 at 3.43%$237.49
53,350 at 3.44%$237.78
53,350 at 3.45%$238.08
53,350 at 3.46%$238.38
53,350 at 3.47%$238.67
53,350 at 3.48%$238.97
53,350 at 3.49%$239.27
53,350 at 3.5%$239.57
Interest Rate 30 Year
53,350 at 3.51%$239.86
53,350 at 3.52%$240.16
53,350 at 3.53%$240.46
53,350 at 3.54%$240.76
53,350 at 3.55%$241.06
53,350 at 3.56%$241.36
53,350 at 3.57%$241.65
53,350 at 3.58%$241.95
53,350 at 3.59%$242.25
53,350 at 3.6%$242.55
53,350 at 3.61%$242.85
53,350 at 3.62%$243.15
53,350 at 3.63%$243.45
53,350 at 3.64%$243.75
53,350 at 3.65%$244.05
53,350 at 3.66%$244.36
53,350 at 3.67%$244.66
53,350 at 3.68%$244.96
53,350 at 3.69%$245.26
53,350 at 3.7%$245.56
53,350 at 3.71%$245.86
53,350 at 3.72%$246.16
53,350 at 3.73%$246.47
53,350 at 3.74%$246.77
53,350 at 3.75%$247.07
53,350 at 3.76%$247.37
53,350 at 3.77%$247.68
53,350 at 3.78%$247.98
53,350 at 3.79%$248.28
53,350 at 3.8%$248.59
53,350 at 3.81%$248.89
53,350 at 3.82%$249.20
53,350 at 3.83%$249.50
53,350 at 3.84%$249.80
53,350 at 3.85%$250.11
53,350 at 3.86%$250.41
53,350 at 3.87%$250.72
53,350 at 3.88%$251.02
53,350 at 3.89%$251.33
53,350 at 3.9%$251.63
53,350 at 3.91%$251.94
53,350 at 3.92%$252.25
53,350 at 3.93%$252.55
53,350 at 3.94%$252.86
53,350 at 3.95%$253.17
53,350 at 3.96%$253.47
53,350 at 3.97%$253.78
53,350 at 3.98%$254.09
53,350 at 3.99%$254.39
53,350 at 4%$254.70
53,350 at 4.01%$255.01
53,350 at 4.02%$255.32
53,350 at 4.03%$255.62
53,350 at 4.04%$255.93
53,350 at 4.05%$256.24
53,350 at 4.06%$256.55
53,350 at 4.07%$256.86
53,350 at 4.08%$257.17
53,350 at 4.09%$257.48
53,350 at 4.1%$257.79
53,350 at 4.11%$258.10
53,350 at 4.12%$258.41
53,350 at 4.13%$258.72
53,350 at 4.14%$259.03
53,350 at 4.15%$259.34
53,350 at 4.16%$259.65
53,350 at 4.17%$259.96
53,350 at 4.18%$260.27
53,350 at 4.19%$260.58
53,350 at 4.2%$260.89
53,350 at 4.21%$261.20
53,350 at 4.22%$261.51
53,350 at 4.23%$261.83
53,350 at 4.24%$262.14
53,350 at 4.25%$262.45
53,350 at 4.26%$262.76
53,350 at 4.27%$263.07
53,350 at 4.28%$263.39
53,350 at 4.29%$263.70
53,350 at 4.3%$264.01
53,350 at 4.31%$264.33
53,350 at 4.32%$264.64
53,350 at 4.33%$264.95
53,350 at 4.34%$265.27
53,350 at 4.35%$265.58
53,350 at 4.36%$265.90
53,350 at 4.37%$266.21
53,350 at 4.38%$266.53
53,350 at 4.39%$266.84
53,350 at 4.4%$267.16
53,350 at 4.41%$267.47
53,350 at 4.42%$267.79
53,350 at 4.43%$268.10
53,350 at 4.44%$268.42
53,350 at 4.45%$268.73
53,350 at 4.46%$269.05
53,350 at 4.47%$269.37
53,350 at 4.48%$269.68
53,350 at 4.49%$270.00
53,350 at 4.5%$270.32
53,350 at 4.51%$270.63
53,350 at 4.52%$270.95
53,350 at 4.53%$271.27
53,350 at 4.54%$271.59
53,350 at 4.55%$271.90
53,350 at 4.56%$272.22
53,350 at 4.57%$272.54
53,350 at 4.58%$272.86
53,350 at 4.59%$273.18
53,350 at 4.6%$273.50
53,350 at 4.61%$273.81
53,350 at 4.62%$274.13
53,350 at 4.63%$274.45
53,350 at 4.64%$274.77
53,350 at 4.65%$275.09
53,350 at 4.66%$275.41
53,350 at 4.67%$275.73
53,350 at 4.68%$276.05
53,350 at 4.69%$276.37
53,350 at 4.7%$276.69
53,350 at 4.71%$277.01
53,350 at 4.72%$277.33
53,350 at 4.73%$277.66
53,350 at 4.74%$277.98
53,350 at 4.75%$278.30
53,350 at 4.76%$278.62
53,350 at 4.77%$278.94
53,350 at 4.78%$279.26
53,350 at 4.79%$279.59
53,350 at 4.8%$279.91
53,350 at 4.81%$280.23
53,350 at 4.82%$280.55
53,350 at 4.83%$280.88
53,350 at 4.84%$281.20
53,350 at 4.85%$281.52
53,350 at 4.86%$281.85
53,350 at 4.87%$282.17
53,350 at 4.88%$282.49
53,350 at 4.89%$282.82
53,350 at 4.9%$283.14
53,350 at 4.91%$283.47
53,350 at 4.92%$283.79
53,350 at 4.93%$284.12
53,350 at 4.94%$284.44
53,350 at 4.95%$284.77
53,350 at 4.96%$285.09
53,350 at 4.97%$285.42
53,350 at 4.98%$285.74
53,350 at 4.99%$286.07
53,350 at 5%$286.39
Interest Rate 30 Year
53,350 at 5.01%$286.72
53,350 at 5.02%$287.05
53,350 at 5.03%$287.37
53,350 at 5.04%$287.70
53,350 at 5.05%$288.03
53,350 at 5.06%$288.35
53,350 at 5.07%$288.68
53,350 at 5.08%$289.01
53,350 at 5.09%$289.34
53,350 at 5.1%$289.66
53,350 at 5.11%$289.99
53,350 at 5.12%$290.32
53,350 at 5.13%$290.65
53,350 at 5.14%$290.98
53,350 at 5.15%$291.30
53,350 at 5.16%$291.63
53,350 at 5.17%$291.96
53,350 at 5.18%$292.29
53,350 at 5.19%$292.62
53,350 at 5.2%$292.95
53,350 at 5.21%$293.28
53,350 at 5.22%$293.61
53,350 at 5.23%$293.94
53,350 at 5.24%$294.27
53,350 at 5.25%$294.60
53,350 at 5.26%$294.93
53,350 at 5.27%$295.26
53,350 at 5.28%$295.59
53,350 at 5.29%$295.92
53,350 at 5.3%$296.26
53,350 at 5.31%$296.59
53,350 at 5.32%$296.92
53,350 at 5.33%$297.25
53,350 at 5.34%$297.58
53,350 at 5.35%$297.91
53,350 at 5.36%$298.25
53,350 at 5.37%$298.58
53,350 at 5.38%$298.91
53,350 at 5.39%$299.24
53,350 at 5.4%$299.58
53,350 at 5.41%$299.91
53,350 at 5.42%$300.24
53,350 at 5.43%$300.58
53,350 at 5.44%$300.91
53,350 at 5.45%$301.24
53,350 at 5.46%$301.58
53,350 at 5.47%$301.91
53,350 at 5.48%$302.25
53,350 at 5.49%$302.58
53,350 at 5.5%$302.92
53,350 at 5.51%$303.25
53,350 at 5.52%$303.59
53,350 at 5.53%$303.92
53,350 at 5.54%$304.26
53,350 at 5.55%$304.59
53,350 at 5.56%$304.93
53,350 at 5.57%$305.26
53,350 at 5.58%$305.60
53,350 at 5.59%$305.93
53,350 at 5.6%$306.27
53,350 at 5.61%$306.61
53,350 at 5.62%$306.94
53,350 at 5.63%$307.28
53,350 at 5.64%$307.62
53,350 at 5.65%$307.96
53,350 at 5.66%$308.29
53,350 at 5.67%$308.63
53,350 at 5.68%$308.97
53,350 at 5.69%$309.31
53,350 at 5.7%$309.64
53,350 at 5.71%$309.98
53,350 at 5.72%$310.32
53,350 at 5.73%$310.66
53,350 at 5.74%$311.00
53,350 at 5.75%$311.34
53,350 at 5.76%$311.68
53,350 at 5.77%$312.01
53,350 at 5.78%$312.35
53,350 at 5.79%$312.69
53,350 at 5.8%$313.03
53,350 at 5.81%$313.37
53,350 at 5.82%$313.71
53,350 at 5.83%$314.05
53,350 at 5.84%$314.39
53,350 at 5.85%$314.73
53,350 at 5.86%$315.07
53,350 at 5.87%$315.41
53,350 at 5.88%$315.76
53,350 at 5.89%$316.10
53,350 at 5.9%$316.44
53,350 at 5.91%$316.78
53,350 at 5.92%$317.12
53,350 at 5.93%$317.46
53,350 at 5.94%$317.81
53,350 at 5.95%$318.15
53,350 at 5.96%$318.49
53,350 at 5.97%$318.83
53,350 at 5.98%$319.17
53,350 at 5.99%$319.52
53,350 at 6%$319.86
53,350 at 6.01%$320.20
53,350 at 6.02%$320.55
53,350 at 6.03%$320.89
53,350 at 6.04%$321.23
53,350 at 6.05%$321.58
53,350 at 6.06%$321.92
53,350 at 6.07%$322.27
53,350 at 6.08%$322.61
53,350 at 6.09%$322.95
53,350 at 6.1%$323.30
53,350 at 6.11%$323.64
53,350 at 6.12%$323.99
53,350 at 6.13%$324.33
53,350 at 6.14%$324.68
53,350 at 6.15%$325.02
53,350 at 6.16%$325.37
53,350 at 6.17%$325.71
53,350 at 6.18%$326.06
53,350 at 6.19%$326.41
53,350 at 6.2%$326.75
53,350 at 6.21%$327.10
53,350 at 6.22%$327.44
53,350 at 6.23%$327.79
53,350 at 6.24%$328.14
53,350 at 6.25%$328.49
53,350 at 6.26%$328.83
53,350 at 6.27%$329.18
53,350 at 6.28%$329.53
53,350 at 6.29%$329.87
53,350 at 6.3%$330.22
53,350 at 6.31%$330.57
53,350 at 6.32%$330.92
53,350 at 6.33%$331.27
53,350 at 6.34%$331.61
53,350 at 6.35%$331.96
53,350 at 6.36%$332.31
53,350 at 6.37%$332.66
53,350 at 6.38%$333.01
53,350 at 6.39%$333.36
53,350 at 6.4%$333.71
53,350 at 6.41%$334.06
53,350 at 6.42%$334.41
53,350 at 6.43%$334.76
53,350 at 6.44%$335.11
53,350 at 6.45%$335.46
53,350 at 6.46%$335.81
53,350 at 6.47%$336.16
53,350 at 6.48%$336.51
53,350 at 6.49%$336.86
53,350 at 6.5%$337.21
Interest Rate 30 Year
53,350 at 6.51%$337.56
53,350 at 6.52%$337.91
53,350 at 6.53%$338.26
53,350 at 6.54%$338.61
53,350 at 6.55%$338.96
53,350 at 6.56%$339.32
53,350 at 6.57%$339.67
53,350 at 6.58%$340.02
53,350 at 6.59%$340.37
53,350 at 6.6%$340.72
53,350 at 6.61%$341.08
53,350 at 6.62%$341.43
53,350 at 6.63%$341.78
53,350 at 6.64%$342.14
53,350 at 6.65%$342.49
53,350 at 6.66%$342.84
53,350 at 6.67%$343.19
53,350 at 6.68%$343.55
53,350 at 6.69%$343.90
53,350 at 6.7%$344.26
53,350 at 6.71%$344.61
53,350 at 6.72%$344.96
53,350 at 6.73%$345.32
53,350 at 6.74%$345.67
53,350 at 6.75%$346.03
53,350 at 6.76%$346.38
53,350 at 6.77%$346.74
53,350 at 6.78%$347.09
53,350 at 6.79%$347.45
53,350 at 6.8%$347.80
53,350 at 6.81%$348.16
53,350 at 6.82%$348.51
53,350 at 6.83%$348.87
53,350 at 6.84%$349.22
53,350 at 6.85%$349.58
53,350 at 6.86%$349.94
53,350 at 6.87%$350.29
53,350 at 6.88%$350.65
53,350 at 6.89%$351.01
53,350 at 6.9%$351.36
53,350 at 6.91%$351.72
53,350 at 6.92%$352.08
53,350 at 6.93%$352.43
53,350 at 6.94%$352.79
53,350 at 6.95%$353.15
53,350 at 6.96%$353.51
53,350 at 6.97%$353.86
53,350 at 6.98%$354.22
53,350 at 6.99%$354.58
53,350 at 7%$354.94
53,350 at 7.01%$355.30
53,350 at 7.02%$355.66
53,350 at 7.03%$356.01
53,350 at 7.04%$356.37
53,350 at 7.05%$356.73
53,350 at 7.06%$357.09
53,350 at 7.07%$357.45
53,350 at 7.08%$357.81
53,350 at 7.09%$358.17
53,350 at 7.1%$358.53
53,350 at 7.11%$358.89
53,350 at 7.12%$359.25
53,350 at 7.13%$359.61
53,350 at 7.14%$359.97
53,350 at 7.15%$360.33
53,350 at 7.16%$360.69
53,350 at 7.17%$361.05
53,350 at 7.18%$361.41
53,350 at 7.19%$361.77
53,350 at 7.2%$362.13
53,350 at 7.21%$362.49
53,350 at 7.22%$362.86
53,350 at 7.23%$363.22
53,350 at 7.24%$363.58
53,350 at 7.25%$363.94
53,350 at 7.26%$364.30
53,350 at 7.27%$364.67
53,350 at 7.28%$365.03
53,350 at 7.29%$365.39
53,350 at 7.3%$365.75
53,350 at 7.31%$366.11
53,350 at 7.32%$366.48
53,350 at 7.33%$366.84
53,350 at 7.34%$367.20
53,350 at 7.35%$367.57
53,350 at 7.36%$367.93
53,350 at 7.37%$368.29
53,350 at 7.38%$368.66
53,350 at 7.39%$369.02
53,350 at 7.4%$369.38
53,350 at 7.41%$369.75
53,350 at 7.42%$370.11
53,350 at 7.43%$370.48
53,350 at 7.44%$370.84
53,350 at 7.45%$371.21
53,350 at 7.46%$371.57
53,350 at 7.47%$371.94
53,350 at 7.48%$372.30
53,350 at 7.49%$372.67
53,350 at 7.5%$373.03
53,350 at 7.51%$373.40
53,350 at 7.52%$373.76
53,350 at 7.53%$374.13
53,350 at 7.54%$374.49
53,350 at 7.55%$374.86
53,350 at 7.56%$375.23
53,350 at 7.57%$375.59
53,350 at 7.58%$375.96
53,350 at 7.59%$376.32
53,350 at 7.6%$376.69
53,350 at 7.61%$377.06
53,350 at 7.62%$377.42
53,350 at 7.63%$377.79
53,350 at 7.64%$378.16
53,350 at 7.65%$378.53
53,350 at 7.66%$378.89
53,350 at 7.67%$379.26
53,350 at 7.68%$379.63
53,350 at 7.69%$380.00
53,350 at 7.7%$380.36
53,350 at 7.71%$380.73
53,350 at 7.72%$381.10
53,350 at 7.73%$381.47
53,350 at 7.74%$381.84
53,350 at 7.75%$382.21
53,350 at 7.76%$382.57
53,350 at 7.77%$382.94
53,350 at 7.78%$383.31
53,350 at 7.79%$383.68
53,350 at 7.8%$384.05
53,350 at 7.81%$384.42
53,350 at 7.82%$384.79
53,350 at 7.83%$385.16
53,350 at 7.84%$385.53
53,350 at 7.85%$385.90
53,350 at 7.86%$386.27
53,350 at 7.87%$386.64
53,350 at 7.88%$387.01
53,350 at 7.89%$387.38
53,350 at 7.9%$387.75
53,350 at 7.91%$388.12
53,350 at 7.92%$388.49
53,350 at 7.93%$388.86
53,350 at 7.94%$389.23
53,350 at 7.95%$389.61
53,350 at 7.96%$389.98
53,350 at 7.97%$390.35
53,350 at 7.98%$390.72
53,350 at 7.99%$391.09
53,350 at 8%$391.46
More Amounts
What is the down payment for a $53,350 house? How much do you need to put down?
Percent Down Down Payment
1%534
2%1,067
3%1,601
4%2,134
5%2,668
6%3,201
7%3,735
8%4,268
9%4,802
10%5,335
11%5,869
12%6,402
13%6,936
14%7,469
15%8,003
16%8,536
17%9,070
18%9,603
19%10,137
20%10,670
Percent Down Down Payment
21%11,204
22%11,737
23%12,271
24%12,804
25%13,338
26%13,871
27%14,405
28%14,938
29%15,472
30%16,005
31%16,539
32%17,072
33%17,606
34%18,139
35%18,673
36%19,206
37%19,740
38%20,273
39%20,807
40%21,340
Percent Down Down Payment
41%21,874
42%22,407
43%22,941
44%23,474
45%24,008
46%24,541
47%25,075
48%25,608
49%26,142
50%26,675
51%27,209
52%27,742
53%28,276
54%28,809
55%29,343
56%29,876
57%30,410
58%30,943
59%31,477
60%32,010
Percent Down Down Payment
61%32,544
62%33,077
63%33,611
64%34,144
65%34,678
66%35,211
67%35,745
68%36,278
69%36,812
70%37,345
71%37,879
72%38,412
73%38,946
74%39,479
75%40,013
76%40,546
77%41,080
78%41,613
79%42,147
80%42,680
Percent Down Down Payment
81%43,214
82%43,747
83%44,281
84%44,814
85%45,348
86%45,881
87%46,415
88%46,948
89%47,482
90%48,015
91%48,549
92%49,082
93%49,616
94%50,149
95%50,683
96%51,216
97%51,750
98%52,283
99%52,817
100%53,350
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.