$56,350 Mortgage for 30 Years

What is the monthly payment of a 56,350 dollar loan?
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Loan Tables for a $56,350 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 56k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $56,350 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
56,350 at 2.01%$208.56
56,350 at 2.02%$208.84
56,350 at 2.03%$209.13
56,350 at 2.04%$209.41
56,350 at 2.05%$209.69
56,350 at 2.06%$209.98
56,350 at 2.07%$210.26
56,350 at 2.08%$210.54
56,350 at 2.09%$210.83
56,350 at 2.1%$211.11
56,350 at 2.11%$211.39
56,350 at 2.12%$211.68
56,350 at 2.13%$211.96
56,350 at 2.14%$212.25
56,350 at 2.15%$212.53
56,350 at 2.16%$212.82
56,350 at 2.17%$213.10
56,350 at 2.18%$213.39
56,350 at 2.19%$213.68
56,350 at 2.2%$213.96
56,350 at 2.21%$214.25
56,350 at 2.22%$214.53
56,350 at 2.23%$214.82
56,350 at 2.24%$215.11
56,350 at 2.25%$215.40
56,350 at 2.26%$215.68
56,350 at 2.27%$215.97
56,350 at 2.28%$216.26
56,350 at 2.29%$216.55
56,350 at 2.3%$216.84
56,350 at 2.31%$217.12
56,350 at 2.32%$217.41
56,350 at 2.33%$217.70
56,350 at 2.34%$217.99
56,350 at 2.35%$218.28
56,350 at 2.36%$218.57
56,350 at 2.37%$218.86
56,350 at 2.38%$219.15
56,350 at 2.39%$219.44
56,350 at 2.4%$219.73
56,350 at 2.41%$220.02
56,350 at 2.42%$220.31
56,350 at 2.43%$220.61
56,350 at 2.44%$220.90
56,350 at 2.45%$221.19
56,350 at 2.46%$221.48
56,350 at 2.47%$221.77
56,350 at 2.48%$222.07
56,350 at 2.49%$222.36
56,350 at 2.5%$222.65
56,350 at 2.51%$222.94
56,350 at 2.52%$223.24
56,350 at 2.53%$223.53
56,350 at 2.54%$223.82
56,350 at 2.55%$224.12
56,350 at 2.56%$224.41
56,350 at 2.57%$224.71
56,350 at 2.58%$225.00
56,350 at 2.59%$225.30
56,350 at 2.6%$225.59
56,350 at 2.61%$225.89
56,350 at 2.62%$226.18
56,350 at 2.63%$226.48
56,350 at 2.64%$226.77
56,350 at 2.65%$227.07
56,350 at 2.66%$227.37
56,350 at 2.67%$227.66
56,350 at 2.68%$227.96
56,350 at 2.69%$228.26
56,350 at 2.7%$228.55
56,350 at 2.71%$228.85
56,350 at 2.72%$229.15
56,350 at 2.73%$229.45
56,350 at 2.74%$229.75
56,350 at 2.75%$230.04
56,350 at 2.76%$230.34
56,350 at 2.77%$230.64
56,350 at 2.78%$230.94
56,350 at 2.79%$231.24
56,350 at 2.8%$231.54
56,350 at 2.81%$231.84
56,350 at 2.82%$232.14
56,350 at 2.83%$232.44
56,350 at 2.84%$232.74
56,350 at 2.85%$233.04
56,350 at 2.86%$233.34
56,350 at 2.87%$233.64
56,350 at 2.88%$233.94
56,350 at 2.89%$234.24
56,350 at 2.9%$234.55
56,350 at 2.91%$234.85
56,350 at 2.92%$235.15
56,350 at 2.93%$235.45
56,350 at 2.94%$235.75
56,350 at 2.95%$236.06
56,350 at 2.96%$236.36
56,350 at 2.97%$236.66
56,350 at 2.98%$236.97
56,350 at 2.99%$237.27
56,350 at 3%$237.57
56,350 at 3.01%$237.88
56,350 at 3.02%$238.18
56,350 at 3.03%$238.49
56,350 at 3.04%$238.79
56,350 at 3.05%$239.10
56,350 at 3.06%$239.40
56,350 at 3.07%$239.71
56,350 at 3.08%$240.01
56,350 at 3.09%$240.32
56,350 at 3.1%$240.62
56,350 at 3.11%$240.93
56,350 at 3.12%$241.24
56,350 at 3.13%$241.54
56,350 at 3.14%$241.85
56,350 at 3.15%$242.16
56,350 at 3.16%$242.46
56,350 at 3.17%$242.77
56,350 at 3.18%$243.08
56,350 at 3.19%$243.39
56,350 at 3.2%$243.70
56,350 at 3.21%$244.00
56,350 at 3.22%$244.31
56,350 at 3.23%$244.62
56,350 at 3.24%$244.93
56,350 at 3.25%$245.24
56,350 at 3.26%$245.55
56,350 at 3.27%$245.86
56,350 at 3.28%$246.17
56,350 at 3.29%$246.48
56,350 at 3.3%$246.79
56,350 at 3.31%$247.10
56,350 at 3.32%$247.41
56,350 at 3.33%$247.72
56,350 at 3.34%$248.03
56,350 at 3.35%$248.34
56,350 at 3.36%$248.65
56,350 at 3.37%$248.97
56,350 at 3.38%$249.28
56,350 at 3.39%$249.59
56,350 at 3.4%$249.90
56,350 at 3.41%$250.21
56,350 at 3.42%$250.53
56,350 at 3.43%$250.84
56,350 at 3.44%$251.15
56,350 at 3.45%$251.47
56,350 at 3.46%$251.78
56,350 at 3.47%$252.09
56,350 at 3.48%$252.41
56,350 at 3.49%$252.72
56,350 at 3.5%$253.04
Interest Rate 30 Year
56,350 at 3.51%$253.35
56,350 at 3.52%$253.67
56,350 at 3.53%$253.98
56,350 at 3.54%$254.30
56,350 at 3.55%$254.61
56,350 at 3.56%$254.93
56,350 at 3.57%$255.24
56,350 at 3.58%$255.56
56,350 at 3.59%$255.88
56,350 at 3.6%$256.19
56,350 at 3.61%$256.51
56,350 at 3.62%$256.83
56,350 at 3.63%$257.14
56,350 at 3.64%$257.46
56,350 at 3.65%$257.78
56,350 at 3.66%$258.10
56,350 at 3.67%$258.41
56,350 at 3.68%$258.73
56,350 at 3.69%$259.05
56,350 at 3.7%$259.37
56,350 at 3.71%$259.69
56,350 at 3.72%$260.01
56,350 at 3.73%$260.33
56,350 at 3.74%$260.65
56,350 at 3.75%$260.97
56,350 at 3.76%$261.29
56,350 at 3.77%$261.61
56,350 at 3.78%$261.93
56,350 at 3.79%$262.25
56,350 at 3.8%$262.57
56,350 at 3.81%$262.89
56,350 at 3.82%$263.21
56,350 at 3.83%$263.53
56,350 at 3.84%$263.85
56,350 at 3.85%$264.17
56,350 at 3.86%$264.50
56,350 at 3.87%$264.82
56,350 at 3.88%$265.14
56,350 at 3.89%$265.46
56,350 at 3.9%$265.79
56,350 at 3.91%$266.11
56,350 at 3.92%$266.43
56,350 at 3.93%$266.75
56,350 at 3.94%$267.08
56,350 at 3.95%$267.40
56,350 at 3.96%$267.73
56,350 at 3.97%$268.05
56,350 at 3.98%$268.37
56,350 at 3.99%$268.70
56,350 at 4%$269.02
56,350 at 4.01%$269.35
56,350 at 4.02%$269.67
56,350 at 4.03%$270.00
56,350 at 4.04%$270.32
56,350 at 4.05%$270.65
56,350 at 4.06%$270.98
56,350 at 4.07%$271.30
56,350 at 4.08%$271.63
56,350 at 4.09%$271.96
56,350 at 4.1%$272.28
56,350 at 4.11%$272.61
56,350 at 4.12%$272.94
56,350 at 4.13%$273.26
56,350 at 4.14%$273.59
56,350 at 4.15%$273.92
56,350 at 4.16%$274.25
56,350 at 4.17%$274.58
56,350 at 4.18%$274.90
56,350 at 4.19%$275.23
56,350 at 4.2%$275.56
56,350 at 4.21%$275.89
56,350 at 4.22%$276.22
56,350 at 4.23%$276.55
56,350 at 4.24%$276.88
56,350 at 4.25%$277.21
56,350 at 4.26%$277.54
56,350 at 4.27%$277.87
56,350 at 4.28%$278.20
56,350 at 4.29%$278.53
56,350 at 4.3%$278.86
56,350 at 4.31%$279.19
56,350 at 4.32%$279.52
56,350 at 4.33%$279.85
56,350 at 4.34%$280.19
56,350 at 4.35%$280.52
56,350 at 4.36%$280.85
56,350 at 4.37%$281.18
56,350 at 4.38%$281.51
56,350 at 4.39%$281.85
56,350 at 4.4%$282.18
56,350 at 4.41%$282.51
56,350 at 4.42%$282.84
56,350 at 4.43%$283.18
56,350 at 4.44%$283.51
56,350 at 4.45%$283.85
56,350 at 4.46%$284.18
56,350 at 4.47%$284.51
56,350 at 4.48%$284.85
56,350 at 4.49%$285.18
56,350 at 4.5%$285.52
56,350 at 4.51%$285.85
56,350 at 4.52%$286.19
56,350 at 4.53%$286.52
56,350 at 4.54%$286.86
56,350 at 4.55%$287.19
56,350 at 4.56%$287.53
56,350 at 4.57%$287.87
56,350 at 4.58%$288.20
56,350 at 4.59%$288.54
56,350 at 4.6%$288.88
56,350 at 4.61%$289.21
56,350 at 4.62%$289.55
56,350 at 4.63%$289.89
56,350 at 4.64%$290.22
56,350 at 4.65%$290.56
56,350 at 4.66%$290.90
56,350 at 4.67%$291.24
56,350 at 4.68%$291.58
56,350 at 4.69%$291.91
56,350 at 4.7%$292.25
56,350 at 4.71%$292.59
56,350 at 4.72%$292.93
56,350 at 4.73%$293.27
56,350 at 4.74%$293.61
56,350 at 4.75%$293.95
56,350 at 4.76%$294.29
56,350 at 4.77%$294.63
56,350 at 4.78%$294.97
56,350 at 4.79%$295.31
56,350 at 4.8%$295.65
56,350 at 4.81%$295.99
56,350 at 4.82%$296.33
56,350 at 4.83%$296.67
56,350 at 4.84%$297.01
56,350 at 4.85%$297.35
56,350 at 4.86%$297.70
56,350 at 4.87%$298.04
56,350 at 4.88%$298.38
56,350 at 4.89%$298.72
56,350 at 4.9%$299.06
56,350 at 4.91%$299.41
56,350 at 4.92%$299.75
56,350 at 4.93%$300.09
56,350 at 4.94%$300.44
56,350 at 4.95%$300.78
56,350 at 4.96%$301.12
56,350 at 4.97%$301.47
56,350 at 4.98%$301.81
56,350 at 4.99%$302.15
56,350 at 5%$302.50
Interest Rate 30 Year
56,350 at 5.01%$302.84
56,350 at 5.02%$303.19
56,350 at 5.03%$303.53
56,350 at 5.04%$303.88
56,350 at 5.05%$304.22
56,350 at 5.06%$304.57
56,350 at 5.07%$304.91
56,350 at 5.08%$305.26
56,350 at 5.09%$305.61
56,350 at 5.1%$305.95
56,350 at 5.11%$306.30
56,350 at 5.12%$306.65
56,350 at 5.13%$306.99
56,350 at 5.14%$307.34
56,350 at 5.15%$307.69
56,350 at 5.16%$308.03
56,350 at 5.17%$308.38
56,350 at 5.18%$308.73
56,350 at 5.19%$309.08
56,350 at 5.2%$309.42
56,350 at 5.21%$309.77
56,350 at 5.22%$310.12
56,350 at 5.23%$310.47
56,350 at 5.24%$310.82
56,350 at 5.25%$311.17
56,350 at 5.26%$311.52
56,350 at 5.27%$311.87
56,350 at 5.28%$312.21
56,350 at 5.29%$312.56
56,350 at 5.3%$312.91
56,350 at 5.31%$313.26
56,350 at 5.32%$313.61
56,350 at 5.33%$313.96
56,350 at 5.34%$314.32
56,350 at 5.35%$314.67
56,350 at 5.36%$315.02
56,350 at 5.37%$315.37
56,350 at 5.38%$315.72
56,350 at 5.39%$316.07
56,350 at 5.4%$316.42
56,350 at 5.41%$316.77
56,350 at 5.42%$317.13
56,350 at 5.43%$317.48
56,350 at 5.44%$317.83
56,350 at 5.45%$318.18
56,350 at 5.46%$318.54
56,350 at 5.47%$318.89
56,350 at 5.48%$319.24
56,350 at 5.49%$319.60
56,350 at 5.5%$319.95
56,350 at 5.51%$320.30
56,350 at 5.52%$320.66
56,350 at 5.53%$321.01
56,350 at 5.54%$321.36
56,350 at 5.55%$321.72
56,350 at 5.56%$322.07
56,350 at 5.57%$322.43
56,350 at 5.58%$322.78
56,350 at 5.59%$323.14
56,350 at 5.6%$323.49
56,350 at 5.61%$323.85
56,350 at 5.62%$324.20
56,350 at 5.63%$324.56
56,350 at 5.64%$324.92
56,350 at 5.65%$325.27
56,350 at 5.66%$325.63
56,350 at 5.67%$325.99
56,350 at 5.68%$326.34
56,350 at 5.69%$326.70
56,350 at 5.7%$327.06
56,350 at 5.71%$327.41
56,350 at 5.72%$327.77
56,350 at 5.73%$328.13
56,350 at 5.74%$328.49
56,350 at 5.75%$328.84
56,350 at 5.76%$329.20
56,350 at 5.77%$329.56
56,350 at 5.78%$329.92
56,350 at 5.79%$330.28
56,350 at 5.8%$330.64
56,350 at 5.81%$330.99
56,350 at 5.82%$331.35
56,350 at 5.83%$331.71
56,350 at 5.84%$332.07
56,350 at 5.85%$332.43
56,350 at 5.86%$332.79
56,350 at 5.87%$333.15
56,350 at 5.88%$333.51
56,350 at 5.89%$333.87
56,350 at 5.9%$334.23
56,350 at 5.91%$334.59
56,350 at 5.92%$334.95
56,350 at 5.93%$335.31
56,350 at 5.94%$335.68
56,350 at 5.95%$336.04
56,350 at 5.96%$336.40
56,350 at 5.97%$336.76
56,350 at 5.98%$337.12
56,350 at 5.99%$337.48
56,350 at 6%$337.85
56,350 at 6.01%$338.21
56,350 at 6.02%$338.57
56,350 at 6.03%$338.93
56,350 at 6.04%$339.30
56,350 at 6.05%$339.66
56,350 at 6.06%$340.02
56,350 at 6.07%$340.39
56,350 at 6.08%$340.75
56,350 at 6.09%$341.11
56,350 at 6.1%$341.48
56,350 at 6.11%$341.84
56,350 at 6.12%$342.21
56,350 at 6.13%$342.57
56,350 at 6.14%$342.94
56,350 at 6.15%$343.30
56,350 at 6.16%$343.66
56,350 at 6.17%$344.03
56,350 at 6.18%$344.40
56,350 at 6.19%$344.76
56,350 at 6.2%$345.13
56,350 at 6.21%$345.49
56,350 at 6.22%$345.86
56,350 at 6.23%$346.22
56,350 at 6.24%$346.59
56,350 at 6.25%$346.96
56,350 at 6.26%$347.32
56,350 at 6.27%$347.69
56,350 at 6.28%$348.06
56,350 at 6.29%$348.42
56,350 at 6.3%$348.79
56,350 at 6.31%$349.16
56,350 at 6.32%$349.53
56,350 at 6.33%$349.89
56,350 at 6.34%$350.26
56,350 at 6.35%$350.63
56,350 at 6.36%$351.00
56,350 at 6.37%$351.37
56,350 at 6.38%$351.73
56,350 at 6.39%$352.10
56,350 at 6.4%$352.47
56,350 at 6.41%$352.84
56,350 at 6.42%$353.21
56,350 at 6.43%$353.58
56,350 at 6.44%$353.95
56,350 at 6.45%$354.32
56,350 at 6.46%$354.69
56,350 at 6.47%$355.06
56,350 at 6.48%$355.43
56,350 at 6.49%$355.80
56,350 at 6.5%$356.17
Interest Rate 30 Year
56,350 at 6.51%$356.54
56,350 at 6.52%$356.91
56,350 at 6.53%$357.28
56,350 at 6.54%$357.65
56,350 at 6.55%$358.03
56,350 at 6.56%$358.40
56,350 at 6.57%$358.77
56,350 at 6.58%$359.14
56,350 at 6.59%$359.51
56,350 at 6.6%$359.88
56,350 at 6.61%$360.26
56,350 at 6.62%$360.63
56,350 at 6.63%$361.00
56,350 at 6.64%$361.37
56,350 at 6.65%$361.75
56,350 at 6.66%$362.12
56,350 at 6.67%$362.49
56,350 at 6.68%$362.87
56,350 at 6.69%$363.24
56,350 at 6.7%$363.61
56,350 at 6.71%$363.99
56,350 at 6.72%$364.36
56,350 at 6.73%$364.74
56,350 at 6.74%$365.11
56,350 at 6.75%$365.49
56,350 at 6.76%$365.86
56,350 at 6.77%$366.23
56,350 at 6.78%$366.61
56,350 at 6.79%$366.98
56,350 at 6.8%$367.36
56,350 at 6.81%$367.74
56,350 at 6.82%$368.11
56,350 at 6.83%$368.49
56,350 at 6.84%$368.86
56,350 at 6.85%$369.24
56,350 at 6.86%$369.61
56,350 at 6.87%$369.99
56,350 at 6.88%$370.37
56,350 at 6.89%$370.74
56,350 at 6.9%$371.12
56,350 at 6.91%$371.50
56,350 at 6.92%$371.88
56,350 at 6.93%$372.25
56,350 at 6.94%$372.63
56,350 at 6.95%$373.01
56,350 at 6.96%$373.39
56,350 at 6.97%$373.76
56,350 at 6.98%$374.14
56,350 at 6.99%$374.52
56,350 at 7%$374.90
56,350 at 7.01%$375.28
56,350 at 7.02%$375.66
56,350 at 7.03%$376.03
56,350 at 7.04%$376.41
56,350 at 7.05%$376.79
56,350 at 7.06%$377.17
56,350 at 7.07%$377.55
56,350 at 7.08%$377.93
56,350 at 7.09%$378.31
56,350 at 7.1%$378.69
56,350 at 7.11%$379.07
56,350 at 7.12%$379.45
56,350 at 7.13%$379.83
56,350 at 7.14%$380.21
56,350 at 7.15%$380.59
56,350 at 7.16%$380.97
56,350 at 7.17%$381.35
56,350 at 7.18%$381.73
56,350 at 7.19%$382.12
56,350 at 7.2%$382.50
56,350 at 7.21%$382.88
56,350 at 7.22%$383.26
56,350 at 7.23%$383.64
56,350 at 7.24%$384.02
56,350 at 7.25%$384.41
56,350 at 7.26%$384.79
56,350 at 7.27%$385.17
56,350 at 7.28%$385.55
56,350 at 7.29%$385.94
56,350 at 7.3%$386.32
56,350 at 7.31%$386.70
56,350 at 7.32%$387.09
56,350 at 7.33%$387.47
56,350 at 7.34%$387.85
56,350 at 7.35%$388.24
56,350 at 7.36%$388.62
56,350 at 7.37%$389.00
56,350 at 7.38%$389.39
56,350 at 7.39%$389.77
56,350 at 7.4%$390.16
56,350 at 7.41%$390.54
56,350 at 7.42%$390.93
56,350 at 7.43%$391.31
56,350 at 7.44%$391.69
56,350 at 7.45%$392.08
56,350 at 7.46%$392.47
56,350 at 7.47%$392.85
56,350 at 7.48%$393.24
56,350 at 7.49%$393.62
56,350 at 7.5%$394.01
56,350 at 7.51%$394.39
56,350 at 7.52%$394.78
56,350 at 7.53%$395.17
56,350 at 7.54%$395.55
56,350 at 7.55%$395.94
56,350 at 7.56%$396.33
56,350 at 7.57%$396.71
56,350 at 7.58%$397.10
56,350 at 7.59%$397.49
56,350 at 7.6%$397.87
56,350 at 7.61%$398.26
56,350 at 7.62%$398.65
56,350 at 7.63%$399.04
56,350 at 7.64%$399.42
56,350 at 7.65%$399.81
56,350 at 7.66%$400.20
56,350 at 7.67%$400.59
56,350 at 7.68%$400.98
56,350 at 7.69%$401.36
56,350 at 7.7%$401.75
56,350 at 7.71%$402.14
56,350 at 7.72%$402.53
56,350 at 7.73%$402.92
56,350 at 7.74%$403.31
56,350 at 7.75%$403.70
56,350 at 7.76%$404.09
56,350 at 7.77%$404.48
56,350 at 7.78%$404.87
56,350 at 7.79%$405.26
56,350 at 7.8%$405.65
56,350 at 7.81%$406.04
56,350 at 7.82%$406.43
56,350 at 7.83%$406.82
56,350 at 7.84%$407.21
56,350 at 7.85%$407.60
56,350 at 7.86%$407.99
56,350 at 7.87%$408.38
56,350 at 7.88%$408.77
56,350 at 7.89%$409.16
56,350 at 7.9%$409.55
56,350 at 7.91%$409.95
56,350 at 7.92%$410.34
56,350 at 7.93%$410.73
56,350 at 7.94%$411.12
56,350 at 7.95%$411.51
56,350 at 7.96%$411.91
56,350 at 7.97%$412.30
56,350 at 7.98%$412.69
56,350 at 7.99%$413.08
56,350 at 8%$413.48
More Amounts
What is the down payment for a $56,350 house? How much do you need to put down?
Percent Down Down Payment
1%564
2%1,127
3%1,691
4%2,254
5%2,818
6%3,381
7%3,945
8%4,508
9%5,072
10%5,635
11%6,199
12%6,762
13%7,326
14%7,889
15%8,453
16%9,016
17%9,580
18%10,143
19%10,707
20%11,270
Percent Down Down Payment
21%11,834
22%12,397
23%12,961
24%13,524
25%14,088
26%14,651
27%15,215
28%15,778
29%16,342
30%16,905
31%17,469
32%18,032
33%18,596
34%19,159
35%19,723
36%20,286
37%20,850
38%21,413
39%21,977
40%22,540
Percent Down Down Payment
41%23,104
42%23,667
43%24,231
44%24,794
45%25,358
46%25,921
47%26,485
48%27,048
49%27,612
50%28,175
51%28,739
52%29,302
53%29,866
54%30,429
55%30,993
56%31,556
57%32,120
58%32,683
59%33,247
60%33,810
Percent Down Down Payment
61%34,374
62%34,937
63%35,501
64%36,064
65%36,628
66%37,191
67%37,755
68%38,318
69%38,882
70%39,445
71%40,009
72%40,572
73%41,136
74%41,699
75%42,263
76%42,826
77%43,390
78%43,953
79%44,517
80%45,080
Percent Down Down Payment
81%45,644
82%46,207
83%46,771
84%47,334
85%47,898
86%48,461
87%49,025
88%49,588
89%50,152
90%50,715
91%51,279
92%51,842
93%52,406
94%52,969
95%53,533
96%54,096
97%54,660
98%55,223
99%55,787
100%56,350
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.