$53,400 Mortgage for 30 Years

What is the monthly payment of a 53,400 dollar loan?
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Loan Tables for a $53,400 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 $53,400 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
53,400 at 2.01%$197.64
53,400 at 2.02%$197.91
53,400 at 2.03%$198.18
53,400 at 2.04%$198.45
53,400 at 2.05%$198.71
53,400 at 2.06%$198.98
53,400 at 2.07%$199.25
53,400 at 2.08%$199.52
53,400 at 2.09%$199.79
53,400 at 2.1%$200.06
53,400 at 2.11%$200.33
53,400 at 2.12%$200.60
53,400 at 2.13%$200.87
53,400 at 2.14%$201.14
53,400 at 2.15%$201.41
53,400 at 2.16%$201.68
53,400 at 2.17%$201.95
53,400 at 2.18%$202.22
53,400 at 2.19%$202.49
53,400 at 2.2%$202.76
53,400 at 2.21%$203.03
53,400 at 2.22%$203.30
53,400 at 2.23%$203.58
53,400 at 2.24%$203.85
53,400 at 2.25%$204.12
53,400 at 2.26%$204.39
53,400 at 2.27%$204.66
53,400 at 2.28%$204.94
53,400 at 2.29%$205.21
53,400 at 2.3%$205.48
53,400 at 2.31%$205.76
53,400 at 2.32%$206.03
53,400 at 2.33%$206.31
53,400 at 2.34%$206.58
53,400 at 2.35%$206.85
53,400 at 2.36%$207.13
53,400 at 2.37%$207.40
53,400 at 2.38%$207.68
53,400 at 2.39%$207.95
53,400 at 2.4%$208.23
53,400 at 2.41%$208.50
53,400 at 2.42%$208.78
53,400 at 2.43%$209.06
53,400 at 2.44%$209.33
53,400 at 2.45%$209.61
53,400 at 2.46%$209.89
53,400 at 2.47%$210.16
53,400 at 2.48%$210.44
53,400 at 2.49%$210.72
53,400 at 2.5%$210.99
53,400 at 2.51%$211.27
53,400 at 2.52%$211.55
53,400 at 2.53%$211.83
53,400 at 2.54%$212.11
53,400 at 2.55%$212.39
53,400 at 2.56%$212.66
53,400 at 2.57%$212.94
53,400 at 2.58%$213.22
53,400 at 2.59%$213.50
53,400 at 2.6%$213.78
53,400 at 2.61%$214.06
53,400 at 2.62%$214.34
53,400 at 2.63%$214.62
53,400 at 2.64%$214.90
53,400 at 2.65%$215.18
53,400 at 2.66%$215.46
53,400 at 2.67%$215.74
53,400 at 2.68%$216.03
53,400 at 2.69%$216.31
53,400 at 2.7%$216.59
53,400 at 2.71%$216.87
53,400 at 2.72%$217.15
53,400 at 2.73%$217.44
53,400 at 2.74%$217.72
53,400 at 2.75%$218.00
53,400 at 2.76%$218.28
53,400 at 2.77%$218.57
53,400 at 2.78%$218.85
53,400 at 2.79%$219.13
53,400 at 2.8%$219.42
53,400 at 2.81%$219.70
53,400 at 2.82%$219.99
53,400 at 2.83%$220.27
53,400 at 2.84%$220.55
53,400 at 2.85%$220.84
53,400 at 2.86%$221.12
53,400 at 2.87%$221.41
53,400 at 2.88%$221.70
53,400 at 2.89%$221.98
53,400 at 2.9%$222.27
53,400 at 2.91%$222.55
53,400 at 2.92%$222.84
53,400 at 2.93%$223.13
53,400 at 2.94%$223.41
53,400 at 2.95%$223.70
53,400 at 2.96%$223.99
53,400 at 2.97%$224.27
53,400 at 2.98%$224.56
53,400 at 2.99%$224.85
53,400 at 3%$225.14
53,400 at 3.01%$225.42
53,400 at 3.02%$225.71
53,400 at 3.03%$226.00
53,400 at 3.04%$226.29
53,400 at 3.05%$226.58
53,400 at 3.06%$226.87
53,400 at 3.07%$227.16
53,400 at 3.08%$227.45
53,400 at 3.09%$227.74
53,400 at 3.1%$228.03
53,400 at 3.11%$228.32
53,400 at 3.12%$228.61
53,400 at 3.13%$228.90
53,400 at 3.14%$229.19
53,400 at 3.15%$229.48
53,400 at 3.16%$229.77
53,400 at 3.17%$230.06
53,400 at 3.18%$230.35
53,400 at 3.19%$230.65
53,400 at 3.2%$230.94
53,400 at 3.21%$231.23
53,400 at 3.22%$231.52
53,400 at 3.23%$231.81
53,400 at 3.24%$232.11
53,400 at 3.25%$232.40
53,400 at 3.26%$232.69
53,400 at 3.27%$232.99
53,400 at 3.28%$233.28
53,400 at 3.29%$233.57
53,400 at 3.3%$233.87
53,400 at 3.31%$234.16
53,400 at 3.32%$234.46
53,400 at 3.33%$234.75
53,400 at 3.34%$235.05
53,400 at 3.35%$235.34
53,400 at 3.36%$235.64
53,400 at 3.37%$235.93
53,400 at 3.38%$236.23
53,400 at 3.39%$236.52
53,400 at 3.4%$236.82
53,400 at 3.41%$237.12
53,400 at 3.42%$237.41
53,400 at 3.43%$237.71
53,400 at 3.44%$238.00
53,400 at 3.45%$238.30
53,400 at 3.46%$238.60
53,400 at 3.47%$238.90
53,400 at 3.48%$239.19
53,400 at 3.49%$239.49
53,400 at 3.5%$239.79
Interest Rate 30 Year
53,400 at 3.51%$240.09
53,400 at 3.52%$240.39
53,400 at 3.53%$240.69
53,400 at 3.54%$240.98
53,400 at 3.55%$241.28
53,400 at 3.56%$241.58
53,400 at 3.57%$241.88
53,400 at 3.58%$242.18
53,400 at 3.59%$242.48
53,400 at 3.6%$242.78
53,400 at 3.61%$243.08
53,400 at 3.62%$243.38
53,400 at 3.63%$243.68
53,400 at 3.64%$243.98
53,400 at 3.65%$244.28
53,400 at 3.66%$244.58
53,400 at 3.67%$244.89
53,400 at 3.68%$245.19
53,400 at 3.69%$245.49
53,400 at 3.7%$245.79
53,400 at 3.71%$246.09
53,400 at 3.72%$246.40
53,400 at 3.73%$246.70
53,400 at 3.74%$247.00
53,400 at 3.75%$247.30
53,400 at 3.76%$247.61
53,400 at 3.77%$247.91
53,400 at 3.78%$248.21
53,400 at 3.79%$248.52
53,400 at 3.8%$248.82
53,400 at 3.81%$249.13
53,400 at 3.82%$249.43
53,400 at 3.83%$249.73
53,400 at 3.84%$250.04
53,400 at 3.85%$250.34
53,400 at 3.86%$250.65
53,400 at 3.87%$250.95
53,400 at 3.88%$251.26
53,400 at 3.89%$251.56
53,400 at 3.9%$251.87
53,400 at 3.91%$252.18
53,400 at 3.92%$252.48
53,400 at 3.93%$252.79
53,400 at 3.94%$253.10
53,400 at 3.95%$253.40
53,400 at 3.96%$253.71
53,400 at 3.97%$254.02
53,400 at 3.98%$254.32
53,400 at 3.99%$254.63
53,400 at 4%$254.94
53,400 at 4.01%$255.25
53,400 at 4.02%$255.56
53,400 at 4.03%$255.86
53,400 at 4.04%$256.17
53,400 at 4.05%$256.48
53,400 at 4.06%$256.79
53,400 at 4.07%$257.10
53,400 at 4.08%$257.41
53,400 at 4.09%$257.72
53,400 at 4.1%$258.03
53,400 at 4.11%$258.34
53,400 at 4.12%$258.65
53,400 at 4.13%$258.96
53,400 at 4.14%$259.27
53,400 at 4.15%$259.58
53,400 at 4.16%$259.89
53,400 at 4.17%$260.20
53,400 at 4.18%$260.51
53,400 at 4.19%$260.82
53,400 at 4.2%$261.14
53,400 at 4.21%$261.45
53,400 at 4.22%$261.76
53,400 at 4.23%$262.07
53,400 at 4.24%$262.38
53,400 at 4.25%$262.70
53,400 at 4.26%$263.01
53,400 at 4.27%$263.32
53,400 at 4.28%$263.63
53,400 at 4.29%$263.95
53,400 at 4.3%$264.26
53,400 at 4.31%$264.58
53,400 at 4.32%$264.89
53,400 at 4.33%$265.20
53,400 at 4.34%$265.52
53,400 at 4.35%$265.83
53,400 at 4.36%$266.15
53,400 at 4.37%$266.46
53,400 at 4.38%$266.78
53,400 at 4.39%$267.09
53,400 at 4.4%$267.41
53,400 at 4.41%$267.72
53,400 at 4.42%$268.04
53,400 at 4.43%$268.35
53,400 at 4.44%$268.67
53,400 at 4.45%$268.99
53,400 at 4.46%$269.30
53,400 at 4.47%$269.62
53,400 at 4.48%$269.94
53,400 at 4.49%$270.25
53,400 at 4.5%$270.57
53,400 at 4.51%$270.89
53,400 at 4.52%$271.20
53,400 at 4.53%$271.52
53,400 at 4.54%$271.84
53,400 at 4.55%$272.16
53,400 at 4.56%$272.48
53,400 at 4.57%$272.80
53,400 at 4.58%$273.11
53,400 at 4.59%$273.43
53,400 at 4.6%$273.75
53,400 at 4.61%$274.07
53,400 at 4.62%$274.39
53,400 at 4.63%$274.71
53,400 at 4.64%$275.03
53,400 at 4.65%$275.35
53,400 at 4.66%$275.67
53,400 at 4.67%$275.99
53,400 at 4.68%$276.31
53,400 at 4.69%$276.63
53,400 at 4.7%$276.95
53,400 at 4.71%$277.27
53,400 at 4.72%$277.59
53,400 at 4.73%$277.92
53,400 at 4.74%$278.24
53,400 at 4.75%$278.56
53,400 at 4.76%$278.88
53,400 at 4.77%$279.20
53,400 at 4.78%$279.53
53,400 at 4.79%$279.85
53,400 at 4.8%$280.17
53,400 at 4.81%$280.49
53,400 at 4.82%$280.82
53,400 at 4.83%$281.14
53,400 at 4.84%$281.46
53,400 at 4.85%$281.79
53,400 at 4.86%$282.11
53,400 at 4.87%$282.44
53,400 at 4.88%$282.76
53,400 at 4.89%$283.08
53,400 at 4.9%$283.41
53,400 at 4.91%$283.73
53,400 at 4.92%$284.06
53,400 at 4.93%$284.38
53,400 at 4.94%$284.71
53,400 at 4.95%$285.03
53,400 at 4.96%$285.36
53,400 at 4.97%$285.68
53,400 at 4.98%$286.01
53,400 at 4.99%$286.34
53,400 at 5%$286.66
Interest Rate 30 Year
53,400 at 5.01%$286.99
53,400 at 5.02%$287.32
53,400 at 5.03%$287.64
53,400 at 5.04%$287.97
53,400 at 5.05%$288.30
53,400 at 5.06%$288.62
53,400 at 5.07%$288.95
53,400 at 5.08%$289.28
53,400 at 5.09%$289.61
53,400 at 5.1%$289.94
53,400 at 5.11%$290.26
53,400 at 5.12%$290.59
53,400 at 5.13%$290.92
53,400 at 5.14%$291.25
53,400 at 5.15%$291.58
53,400 at 5.16%$291.91
53,400 at 5.17%$292.24
53,400 at 5.18%$292.57
53,400 at 5.19%$292.90
53,400 at 5.2%$293.23
53,400 at 5.21%$293.56
53,400 at 5.22%$293.89
53,400 at 5.23%$294.22
53,400 at 5.24%$294.55
53,400 at 5.25%$294.88
53,400 at 5.26%$295.21
53,400 at 5.27%$295.54
53,400 at 5.28%$295.87
53,400 at 5.29%$296.20
53,400 at 5.3%$296.53
53,400 at 5.31%$296.86
53,400 at 5.32%$297.20
53,400 at 5.33%$297.53
53,400 at 5.34%$297.86
53,400 at 5.35%$298.19
53,400 at 5.36%$298.53
53,400 at 5.37%$298.86
53,400 at 5.38%$299.19
53,400 at 5.39%$299.52
53,400 at 5.4%$299.86
53,400 at 5.41%$300.19
53,400 at 5.42%$300.52
53,400 at 5.43%$300.86
53,400 at 5.44%$301.19
53,400 at 5.45%$301.53
53,400 at 5.46%$301.86
53,400 at 5.47%$302.19
53,400 at 5.48%$302.53
53,400 at 5.49%$302.86
53,400 at 5.5%$303.20
53,400 at 5.51%$303.53
53,400 at 5.52%$303.87
53,400 at 5.53%$304.21
53,400 at 5.54%$304.54
53,400 at 5.55%$304.88
53,400 at 5.56%$305.21
53,400 at 5.57%$305.55
53,400 at 5.58%$305.89
53,400 at 5.59%$306.22
53,400 at 5.6%$306.56
53,400 at 5.61%$306.89
53,400 at 5.62%$307.23
53,400 at 5.63%$307.57
53,400 at 5.64%$307.91
53,400 at 5.65%$308.24
53,400 at 5.66%$308.58
53,400 at 5.67%$308.92
53,400 at 5.68%$309.26
53,400 at 5.69%$309.60
53,400 at 5.7%$309.93
53,400 at 5.71%$310.27
53,400 at 5.72%$310.61
53,400 at 5.73%$310.95
53,400 at 5.74%$311.29
53,400 at 5.75%$311.63
53,400 at 5.76%$311.97
53,400 at 5.77%$312.31
53,400 at 5.78%$312.65
53,400 at 5.79%$312.99
53,400 at 5.8%$313.33
53,400 at 5.81%$313.67
53,400 at 5.82%$314.01
53,400 at 5.83%$314.35
53,400 at 5.84%$314.69
53,400 at 5.85%$315.03
53,400 at 5.86%$315.37
53,400 at 5.87%$315.71
53,400 at 5.88%$316.05
53,400 at 5.89%$316.39
53,400 at 5.9%$316.73
53,400 at 5.91%$317.08
53,400 at 5.92%$317.42
53,400 at 5.93%$317.76
53,400 at 5.94%$318.10
53,400 at 5.95%$318.45
53,400 at 5.96%$318.79
53,400 at 5.97%$319.13
53,400 at 5.98%$319.47
53,400 at 5.99%$319.82
53,400 at 6%$320.16
53,400 at 6.01%$320.50
53,400 at 6.02%$320.85
53,400 at 6.03%$321.19
53,400 at 6.04%$321.53
53,400 at 6.05%$321.88
53,400 at 6.06%$322.22
53,400 at 6.07%$322.57
53,400 at 6.08%$322.91
53,400 at 6.09%$323.26
53,400 at 6.1%$323.60
53,400 at 6.11%$323.95
53,400 at 6.12%$324.29
53,400 at 6.13%$324.64
53,400 at 6.14%$324.98
53,400 at 6.15%$325.33
53,400 at 6.16%$325.67
53,400 at 6.17%$326.02
53,400 at 6.18%$326.37
53,400 at 6.19%$326.71
53,400 at 6.2%$327.06
53,400 at 6.21%$327.41
53,400 at 6.22%$327.75
53,400 at 6.23%$328.10
53,400 at 6.24%$328.45
53,400 at 6.25%$328.79
53,400 at 6.26%$329.14
53,400 at 6.27%$329.49
53,400 at 6.28%$329.84
53,400 at 6.29%$330.18
53,400 at 6.3%$330.53
53,400 at 6.31%$330.88
53,400 at 6.32%$331.23
53,400 at 6.33%$331.58
53,400 at 6.34%$331.93
53,400 at 6.35%$332.27
53,400 at 6.36%$332.62
53,400 at 6.37%$332.97
53,400 at 6.38%$333.32
53,400 at 6.39%$333.67
53,400 at 6.4%$334.02
53,400 at 6.41%$334.37
53,400 at 6.42%$334.72
53,400 at 6.43%$335.07
53,400 at 6.44%$335.42
53,400 at 6.45%$335.77
53,400 at 6.46%$336.12
53,400 at 6.47%$336.47
53,400 at 6.48%$336.82
53,400 at 6.49%$337.17
53,400 at 6.5%$337.52
Interest Rate 30 Year
53,400 at 6.51%$337.88
53,400 at 6.52%$338.23
53,400 at 6.53%$338.58
53,400 at 6.54%$338.93
53,400 at 6.55%$339.28
53,400 at 6.56%$339.63
53,400 at 6.57%$339.99
53,400 at 6.58%$340.34
53,400 at 6.59%$340.69
53,400 at 6.6%$341.04
53,400 at 6.61%$341.40
53,400 at 6.62%$341.75
53,400 at 6.63%$342.10
53,400 at 6.64%$342.46
53,400 at 6.65%$342.81
53,400 at 6.66%$343.16
53,400 at 6.67%$343.52
53,400 at 6.68%$343.87
53,400 at 6.69%$344.22
53,400 at 6.7%$344.58
53,400 at 6.71%$344.93
53,400 at 6.72%$345.29
53,400 at 6.73%$345.64
53,400 at 6.74%$346.00
53,400 at 6.75%$346.35
53,400 at 6.76%$346.71
53,400 at 6.77%$347.06
53,400 at 6.78%$347.42
53,400 at 6.79%$347.77
53,400 at 6.8%$348.13
53,400 at 6.81%$348.48
53,400 at 6.82%$348.84
53,400 at 6.83%$349.20
53,400 at 6.84%$349.55
53,400 at 6.85%$349.91
53,400 at 6.86%$350.26
53,400 at 6.87%$350.62
53,400 at 6.88%$350.98
53,400 at 6.89%$351.34
53,400 at 6.9%$351.69
53,400 at 6.91%$352.05
53,400 at 6.92%$352.41
53,400 at 6.93%$352.76
53,400 at 6.94%$353.12
53,400 at 6.95%$353.48
53,400 at 6.96%$353.84
53,400 at 6.97%$354.20
53,400 at 6.98%$354.55
53,400 at 6.99%$354.91
53,400 at 7%$355.27
53,400 at 7.01%$355.63
53,400 at 7.02%$355.99
53,400 at 7.03%$356.35
53,400 at 7.04%$356.71
53,400 at 7.05%$357.07
53,400 at 7.06%$357.43
53,400 at 7.07%$357.79
53,400 at 7.08%$358.15
53,400 at 7.09%$358.51
53,400 at 7.1%$358.87
53,400 at 7.11%$359.23
53,400 at 7.12%$359.59
53,400 at 7.13%$359.95
53,400 at 7.14%$360.31
53,400 at 7.15%$360.67
53,400 at 7.16%$361.03
53,400 at 7.17%$361.39
53,400 at 7.18%$361.75
53,400 at 7.19%$362.11
53,400 at 7.2%$362.47
53,400 at 7.21%$362.83
53,400 at 7.22%$363.20
53,400 at 7.23%$363.56
53,400 at 7.24%$363.92
53,400 at 7.25%$364.28
53,400 at 7.26%$364.64
53,400 at 7.27%$365.01
53,400 at 7.28%$365.37
53,400 at 7.29%$365.73
53,400 at 7.3%$366.09
53,400 at 7.31%$366.46
53,400 at 7.32%$366.82
53,400 at 7.33%$367.18
53,400 at 7.34%$367.55
53,400 at 7.35%$367.91
53,400 at 7.36%$368.27
53,400 at 7.37%$368.64
53,400 at 7.38%$369.00
53,400 at 7.39%$369.37
53,400 at 7.4%$369.73
53,400 at 7.41%$370.10
53,400 at 7.42%$370.46
53,400 at 7.43%$370.82
53,400 at 7.44%$371.19
53,400 at 7.45%$371.55
53,400 at 7.46%$371.92
53,400 at 7.47%$372.28
53,400 at 7.48%$372.65
53,400 at 7.49%$373.01
53,400 at 7.5%$373.38
53,400 at 7.51%$373.75
53,400 at 7.52%$374.11
53,400 at 7.53%$374.48
53,400 at 7.54%$374.84
53,400 at 7.55%$375.21
53,400 at 7.56%$375.58
53,400 at 7.57%$375.94
53,400 at 7.58%$376.31
53,400 at 7.59%$376.68
53,400 at 7.6%$377.04
53,400 at 7.61%$377.41
53,400 at 7.62%$377.78
53,400 at 7.63%$378.15
53,400 at 7.64%$378.51
53,400 at 7.65%$378.88
53,400 at 7.66%$379.25
53,400 at 7.67%$379.62
53,400 at 7.68%$379.98
53,400 at 7.69%$380.35
53,400 at 7.7%$380.72
53,400 at 7.71%$381.09
53,400 at 7.72%$381.46
53,400 at 7.73%$381.83
53,400 at 7.74%$382.20
53,400 at 7.75%$382.56
53,400 at 7.76%$382.93
53,400 at 7.77%$383.30
53,400 at 7.78%$383.67
53,400 at 7.79%$384.04
53,400 at 7.8%$384.41
53,400 at 7.81%$384.78
53,400 at 7.82%$385.15
53,400 at 7.83%$385.52
53,400 at 7.84%$385.89
53,400 at 7.85%$386.26
53,400 at 7.86%$386.63
53,400 at 7.87%$387.00
53,400 at 7.88%$387.37
53,400 at 7.89%$387.74
53,400 at 7.9%$388.11
53,400 at 7.91%$388.49
53,400 at 7.92%$388.86
53,400 at 7.93%$389.23
53,400 at 7.94%$389.60
53,400 at 7.95%$389.97
53,400 at 7.96%$390.34
53,400 at 7.97%$390.71
53,400 at 7.98%$391.09
53,400 at 7.99%$391.46
53,400 at 8%$391.83
More Amounts
What is the down payment for a $53,400 house? How much do you need to put down?
Percent Down Down Payment
1%534
2%1,068
3%1,602
4%2,136
5%2,670
6%3,204
7%3,738
8%4,272
9%4,806
10%5,340
11%5,874
12%6,408
13%6,942
14%7,476
15%8,010
16%8,544
17%9,078
18%9,612
19%10,146
20%10,680
Percent Down Down Payment
21%11,214
22%11,748
23%12,282
24%12,816
25%13,350
26%13,884
27%14,418
28%14,952
29%15,486
30%16,020
31%16,554
32%17,088
33%17,622
34%18,156
35%18,690
36%19,224
37%19,758
38%20,292
39%20,826
40%21,360
Percent Down Down Payment
41%21,894
42%22,428
43%22,962
44%23,496
45%24,030
46%24,564
47%25,098
48%25,632
49%26,166
50%26,700
51%27,234
52%27,768
53%28,302
54%28,836
55%29,370
56%29,904
57%30,438
58%30,972
59%31,506
60%32,040
Percent Down Down Payment
61%32,574
62%33,108
63%33,642
64%34,176
65%34,710
66%35,244
67%35,778
68%36,312
69%36,846
70%37,380
71%37,914
72%38,448
73%38,982
74%39,516
75%40,050
76%40,584
77%41,118
78%41,652
79%42,186
80%42,720
Percent Down Down Payment
81%43,254
82%43,788
83%44,322
84%44,856
85%45,390
86%45,924
87%46,458
88%46,992
89%47,526
90%48,060
91%48,594
92%49,128
93%49,662
94%50,196
95%50,730
96%51,264
97%51,798
98%52,332
99%52,866
100%53,400
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.