$57,500 Mortgage for 30 Years

What is the monthly payment of a 57,500 dollar loan?
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Loan Tables for a $57,500 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 58k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $57,500 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
57,500 at 2.01%$212.82
57,500 at 2.02%$213.11
57,500 at 2.03%$213.39
57,500 at 2.04%$213.68
57,500 at 2.05%$213.97
57,500 at 2.06%$214.26
57,500 at 2.07%$214.55
57,500 at 2.08%$214.84
57,500 at 2.09%$215.13
57,500 at 2.1%$215.42
57,500 at 2.11%$215.71
57,500 at 2.12%$216.00
57,500 at 2.13%$216.29
57,500 at 2.14%$216.58
57,500 at 2.15%$216.87
57,500 at 2.16%$217.16
57,500 at 2.17%$217.45
57,500 at 2.18%$217.74
57,500 at 2.19%$218.04
57,500 at 2.2%$218.33
57,500 at 2.21%$218.62
57,500 at 2.22%$218.91
57,500 at 2.23%$219.21
57,500 at 2.24%$219.50
57,500 at 2.25%$219.79
57,500 at 2.26%$220.08
57,500 at 2.27%$220.38
57,500 at 2.28%$220.67
57,500 at 2.29%$220.97
57,500 at 2.3%$221.26
57,500 at 2.31%$221.56
57,500 at 2.32%$221.85
57,500 at 2.33%$222.15
57,500 at 2.34%$222.44
57,500 at 2.35%$222.74
57,500 at 2.36%$223.03
57,500 at 2.37%$223.33
57,500 at 2.38%$223.62
57,500 at 2.39%$223.92
57,500 at 2.4%$224.22
57,500 at 2.41%$224.51
57,500 at 2.42%$224.81
57,500 at 2.43%$225.11
57,500 at 2.44%$225.40
57,500 at 2.45%$225.70
57,500 at 2.46%$226.00
57,500 at 2.47%$226.30
57,500 at 2.48%$226.60
57,500 at 2.49%$226.90
57,500 at 2.5%$227.19
57,500 at 2.51%$227.49
57,500 at 2.52%$227.79
57,500 at 2.53%$228.09
57,500 at 2.54%$228.39
57,500 at 2.55%$228.69
57,500 at 2.56%$228.99
57,500 at 2.57%$229.29
57,500 at 2.58%$229.59
57,500 at 2.59%$229.89
57,500 at 2.6%$230.20
57,500 at 2.61%$230.50
57,500 at 2.62%$230.80
57,500 at 2.63%$231.10
57,500 at 2.64%$231.40
57,500 at 2.65%$231.70
57,500 at 2.66%$232.01
57,500 at 2.67%$232.31
57,500 at 2.68%$232.61
57,500 at 2.69%$232.92
57,500 at 2.7%$233.22
57,500 at 2.71%$233.52
57,500 at 2.72%$233.83
57,500 at 2.73%$234.13
57,500 at 2.74%$234.43
57,500 at 2.75%$234.74
57,500 at 2.76%$235.04
57,500 at 2.77%$235.35
57,500 at 2.78%$235.65
57,500 at 2.79%$235.96
57,500 at 2.8%$236.26
57,500 at 2.81%$236.57
57,500 at 2.82%$236.88
57,500 at 2.83%$237.18
57,500 at 2.84%$237.49
57,500 at 2.85%$237.80
57,500 at 2.86%$238.10
57,500 at 2.87%$238.41
57,500 at 2.88%$238.72
57,500 at 2.89%$239.02
57,500 at 2.9%$239.33
57,500 at 2.91%$239.64
57,500 at 2.92%$239.95
57,500 at 2.93%$240.26
57,500 at 2.94%$240.57
57,500 at 2.95%$240.87
57,500 at 2.96%$241.18
57,500 at 2.97%$241.49
57,500 at 2.98%$241.80
57,500 at 2.99%$242.11
57,500 at 3%$242.42
57,500 at 3.01%$242.73
57,500 at 3.02%$243.04
57,500 at 3.03%$243.35
57,500 at 3.04%$243.66
57,500 at 3.05%$243.98
57,500 at 3.06%$244.29
57,500 at 3.07%$244.60
57,500 at 3.08%$244.91
57,500 at 3.09%$245.22
57,500 at 3.1%$245.53
57,500 at 3.11%$245.85
57,500 at 3.12%$246.16
57,500 at 3.13%$246.47
57,500 at 3.14%$246.79
57,500 at 3.15%$247.10
57,500 at 3.16%$247.41
57,500 at 3.17%$247.73
57,500 at 3.18%$248.04
57,500 at 3.19%$248.35
57,500 at 3.2%$248.67
57,500 at 3.21%$248.98
57,500 at 3.22%$249.30
57,500 at 3.23%$249.61
57,500 at 3.24%$249.93
57,500 at 3.25%$250.24
57,500 at 3.26%$250.56
57,500 at 3.27%$250.88
57,500 at 3.28%$251.19
57,500 at 3.29%$251.51
57,500 at 3.3%$251.82
57,500 at 3.31%$252.14
57,500 at 3.32%$252.46
57,500 at 3.33%$252.78
57,500 at 3.34%$253.09
57,500 at 3.35%$253.41
57,500 at 3.36%$253.73
57,500 at 3.37%$254.05
57,500 at 3.38%$254.36
57,500 at 3.39%$254.68
57,500 at 3.4%$255.00
57,500 at 3.41%$255.32
57,500 at 3.42%$255.64
57,500 at 3.43%$255.96
57,500 at 3.44%$256.28
57,500 at 3.45%$256.60
57,500 at 3.46%$256.92
57,500 at 3.47%$257.24
57,500 at 3.48%$257.56
57,500 at 3.49%$257.88
57,500 at 3.5%$258.20
Interest Rate 30 Year
57,500 at 3.51%$258.52
57,500 at 3.52%$258.84
57,500 at 3.53%$259.16
57,500 at 3.54%$259.49
57,500 at 3.55%$259.81
57,500 at 3.56%$260.13
57,500 at 3.57%$260.45
57,500 at 3.58%$260.78
57,500 at 3.59%$261.10
57,500 at 3.6%$261.42
57,500 at 3.61%$261.74
57,500 at 3.62%$262.07
57,500 at 3.63%$262.39
57,500 at 3.64%$262.72
57,500 at 3.65%$263.04
57,500 at 3.66%$263.36
57,500 at 3.67%$263.69
57,500 at 3.68%$264.01
57,500 at 3.69%$264.34
57,500 at 3.7%$264.66
57,500 at 3.71%$264.99
57,500 at 3.72%$265.31
57,500 at 3.73%$265.64
57,500 at 3.74%$265.97
57,500 at 3.75%$266.29
57,500 at 3.76%$266.62
57,500 at 3.77%$266.94
57,500 at 3.78%$267.27
57,500 at 3.79%$267.60
57,500 at 3.8%$267.93
57,500 at 3.81%$268.25
57,500 at 3.82%$268.58
57,500 at 3.83%$268.91
57,500 at 3.84%$269.24
57,500 at 3.85%$269.56
57,500 at 3.86%$269.89
57,500 at 3.87%$270.22
57,500 at 3.88%$270.55
57,500 at 3.89%$270.88
57,500 at 3.9%$271.21
57,500 at 3.91%$271.54
57,500 at 3.92%$271.87
57,500 at 3.93%$272.20
57,500 at 3.94%$272.53
57,500 at 3.95%$272.86
57,500 at 3.96%$273.19
57,500 at 3.97%$273.52
57,500 at 3.98%$273.85
57,500 at 3.99%$274.18
57,500 at 4%$274.51
57,500 at 4.01%$274.85
57,500 at 4.02%$275.18
57,500 at 4.03%$275.51
57,500 at 4.04%$275.84
57,500 at 4.05%$276.17
57,500 at 4.06%$276.51
57,500 at 4.07%$276.84
57,500 at 4.08%$277.17
57,500 at 4.09%$277.51
57,500 at 4.1%$277.84
57,500 at 4.11%$278.17
57,500 at 4.12%$278.51
57,500 at 4.13%$278.84
57,500 at 4.14%$279.17
57,500 at 4.15%$279.51
57,500 at 4.16%$279.84
57,500 at 4.17%$280.18
57,500 at 4.18%$280.51
57,500 at 4.19%$280.85
57,500 at 4.2%$281.18
57,500 at 4.21%$281.52
57,500 at 4.22%$281.86
57,500 at 4.23%$282.19
57,500 at 4.24%$282.53
57,500 at 4.25%$282.87
57,500 at 4.26%$283.20
57,500 at 4.27%$283.54
57,500 at 4.28%$283.88
57,500 at 4.29%$284.21
57,500 at 4.3%$284.55
57,500 at 4.31%$284.89
57,500 at 4.32%$285.23
57,500 at 4.33%$285.56
57,500 at 4.34%$285.90
57,500 at 4.35%$286.24
57,500 at 4.36%$286.58
57,500 at 4.37%$286.92
57,500 at 4.38%$287.26
57,500 at 4.39%$287.60
57,500 at 4.4%$287.94
57,500 at 4.41%$288.28
57,500 at 4.42%$288.62
57,500 at 4.43%$288.96
57,500 at 4.44%$289.30
57,500 at 4.45%$289.64
57,500 at 4.46%$289.98
57,500 at 4.47%$290.32
57,500 at 4.48%$290.66
57,500 at 4.49%$291.00
57,500 at 4.5%$291.34
57,500 at 4.51%$291.69
57,500 at 4.52%$292.03
57,500 at 4.53%$292.37
57,500 at 4.54%$292.71
57,500 at 4.55%$293.05
57,500 at 4.56%$293.40
57,500 at 4.57%$293.74
57,500 at 4.58%$294.08
57,500 at 4.59%$294.43
57,500 at 4.6%$294.77
57,500 at 4.61%$295.11
57,500 at 4.62%$295.46
57,500 at 4.63%$295.80
57,500 at 4.64%$296.15
57,500 at 4.65%$296.49
57,500 at 4.66%$296.84
57,500 at 4.67%$297.18
57,500 at 4.68%$297.53
57,500 at 4.69%$297.87
57,500 at 4.7%$298.22
57,500 at 4.71%$298.56
57,500 at 4.72%$298.91
57,500 at 4.73%$299.25
57,500 at 4.74%$299.60
57,500 at 4.75%$299.95
57,500 at 4.76%$300.29
57,500 at 4.77%$300.64
57,500 at 4.78%$300.99
57,500 at 4.79%$301.34
57,500 at 4.8%$301.68
57,500 at 4.81%$302.03
57,500 at 4.82%$302.38
57,500 at 4.83%$302.73
57,500 at 4.84%$303.07
57,500 at 4.85%$303.42
57,500 at 4.86%$303.77
57,500 at 4.87%$304.12
57,500 at 4.88%$304.47
57,500 at 4.89%$304.82
57,500 at 4.9%$305.17
57,500 at 4.91%$305.52
57,500 at 4.92%$305.87
57,500 at 4.93%$306.22
57,500 at 4.94%$306.57
57,500 at 4.95%$306.92
57,500 at 4.96%$307.27
57,500 at 4.97%$307.62
57,500 at 4.98%$307.97
57,500 at 4.99%$308.32
57,500 at 5%$308.67
Interest Rate 30 Year
57,500 at 5.01%$309.02
57,500 at 5.02%$309.38
57,500 at 5.03%$309.73
57,500 at 5.04%$310.08
57,500 at 5.05%$310.43
57,500 at 5.06%$310.78
57,500 at 5.07%$311.14
57,500 at 5.08%$311.49
57,500 at 5.09%$311.84
57,500 at 5.1%$312.20
57,500 at 5.11%$312.55
57,500 at 5.12%$312.90
57,500 at 5.13%$313.26
57,500 at 5.14%$313.61
57,500 at 5.15%$313.97
57,500 at 5.16%$314.32
57,500 at 5.17%$314.67
57,500 at 5.18%$315.03
57,500 at 5.19%$315.38
57,500 at 5.2%$315.74
57,500 at 5.21%$316.09
57,500 at 5.22%$316.45
57,500 at 5.23%$316.81
57,500 at 5.24%$317.16
57,500 at 5.25%$317.52
57,500 at 5.26%$317.87
57,500 at 5.27%$318.23
57,500 at 5.28%$318.59
57,500 at 5.29%$318.94
57,500 at 5.3%$319.30
57,500 at 5.31%$319.66
57,500 at 5.32%$320.01
57,500 at 5.33%$320.37
57,500 at 5.34%$320.73
57,500 at 5.35%$321.09
57,500 at 5.36%$321.45
57,500 at 5.37%$321.80
57,500 at 5.38%$322.16
57,500 at 5.39%$322.52
57,500 at 5.4%$322.88
57,500 at 5.41%$323.24
57,500 at 5.42%$323.60
57,500 at 5.43%$323.96
57,500 at 5.44%$324.32
57,500 at 5.45%$324.68
57,500 at 5.46%$325.04
57,500 at 5.47%$325.40
57,500 at 5.48%$325.76
57,500 at 5.49%$326.12
57,500 at 5.5%$326.48
57,500 at 5.51%$326.84
57,500 at 5.52%$327.20
57,500 at 5.53%$327.56
57,500 at 5.54%$327.92
57,500 at 5.55%$328.28
57,500 at 5.56%$328.65
57,500 at 5.57%$329.01
57,500 at 5.58%$329.37
57,500 at 5.59%$329.73
57,500 at 5.6%$330.10
57,500 at 5.61%$330.46
57,500 at 5.62%$330.82
57,500 at 5.63%$331.18
57,500 at 5.64%$331.55
57,500 at 5.65%$331.91
57,500 at 5.66%$332.27
57,500 at 5.67%$332.64
57,500 at 5.68%$333.00
57,500 at 5.69%$333.37
57,500 at 5.7%$333.73
57,500 at 5.71%$334.09
57,500 at 5.72%$334.46
57,500 at 5.73%$334.82
57,500 at 5.74%$335.19
57,500 at 5.75%$335.55
57,500 at 5.76%$335.92
57,500 at 5.77%$336.29
57,500 at 5.78%$336.65
57,500 at 5.79%$337.02
57,500 at 5.8%$337.38
57,500 at 5.81%$337.75
57,500 at 5.82%$338.12
57,500 at 5.83%$338.48
57,500 at 5.84%$338.85
57,500 at 5.85%$339.22
57,500 at 5.86%$339.58
57,500 at 5.87%$339.95
57,500 at 5.88%$340.32
57,500 at 5.89%$340.69
57,500 at 5.9%$341.05
57,500 at 5.91%$341.42
57,500 at 5.92%$341.79
57,500 at 5.93%$342.16
57,500 at 5.94%$342.53
57,500 at 5.95%$342.90
57,500 at 5.96%$343.26
57,500 at 5.97%$343.63
57,500 at 5.98%$344.00
57,500 at 5.99%$344.37
57,500 at 6%$344.74
57,500 at 6.01%$345.11
57,500 at 6.02%$345.48
57,500 at 6.03%$345.85
57,500 at 6.04%$346.22
57,500 at 6.05%$346.59
57,500 at 6.06%$346.96
57,500 at 6.07%$347.33
57,500 at 6.08%$347.70
57,500 at 6.09%$348.08
57,500 at 6.1%$348.45
57,500 at 6.11%$348.82
57,500 at 6.12%$349.19
57,500 at 6.13%$349.56
57,500 at 6.14%$349.93
57,500 at 6.15%$350.31
57,500 at 6.16%$350.68
57,500 at 6.17%$351.05
57,500 at 6.18%$351.42
57,500 at 6.19%$351.80
57,500 at 6.2%$352.17
57,500 at 6.21%$352.54
57,500 at 6.22%$352.92
57,500 at 6.23%$353.29
57,500 at 6.24%$353.66
57,500 at 6.25%$354.04
57,500 at 6.26%$354.41
57,500 at 6.27%$354.79
57,500 at 6.28%$355.16
57,500 at 6.29%$355.53
57,500 at 6.3%$355.91
57,500 at 6.31%$356.28
57,500 at 6.32%$356.66
57,500 at 6.33%$357.03
57,500 at 6.34%$357.41
57,500 at 6.35%$357.79
57,500 at 6.36%$358.16
57,500 at 6.37%$358.54
57,500 at 6.38%$358.91
57,500 at 6.39%$359.29
57,500 at 6.4%$359.67
57,500 at 6.41%$360.04
57,500 at 6.42%$360.42
57,500 at 6.43%$360.80
57,500 at 6.44%$361.17
57,500 at 6.45%$361.55
57,500 at 6.46%$361.93
57,500 at 6.47%$362.31
57,500 at 6.48%$362.68
57,500 at 6.49%$363.06
57,500 at 6.5%$363.44
Interest Rate 30 Year
57,500 at 6.51%$363.82
57,500 at 6.52%$364.20
57,500 at 6.53%$364.57
57,500 at 6.54%$364.95
57,500 at 6.55%$365.33
57,500 at 6.56%$365.71
57,500 at 6.57%$366.09
57,500 at 6.58%$366.47
57,500 at 6.59%$366.85
57,500 at 6.6%$367.23
57,500 at 6.61%$367.61
57,500 at 6.62%$367.99
57,500 at 6.63%$368.37
57,500 at 6.64%$368.75
57,500 at 6.65%$369.13
57,500 at 6.66%$369.51
57,500 at 6.67%$369.89
57,500 at 6.68%$370.27
57,500 at 6.69%$370.65
57,500 at 6.7%$371.03
57,500 at 6.71%$371.42
57,500 at 6.72%$371.80
57,500 at 6.73%$372.18
57,500 at 6.74%$372.56
57,500 at 6.75%$372.94
57,500 at 6.76%$373.33
57,500 at 6.77%$373.71
57,500 at 6.78%$374.09
57,500 at 6.79%$374.47
57,500 at 6.8%$374.86
57,500 at 6.81%$375.24
57,500 at 6.82%$375.62
57,500 at 6.83%$376.01
57,500 at 6.84%$376.39
57,500 at 6.85%$376.77
57,500 at 6.86%$377.16
57,500 at 6.87%$377.54
57,500 at 6.88%$377.93
57,500 at 6.89%$378.31
57,500 at 6.9%$378.70
57,500 at 6.91%$379.08
57,500 at 6.92%$379.46
57,500 at 6.93%$379.85
57,500 at 6.94%$380.23
57,500 at 6.95%$380.62
57,500 at 6.96%$381.01
57,500 at 6.97%$381.39
57,500 at 6.98%$381.78
57,500 at 6.99%$382.16
57,500 at 7%$382.55
57,500 at 7.01%$382.94
57,500 at 7.02%$383.32
57,500 at 7.03%$383.71
57,500 at 7.04%$384.09
57,500 at 7.05%$384.48
57,500 at 7.06%$384.87
57,500 at 7.07%$385.26
57,500 at 7.08%$385.64
57,500 at 7.09%$386.03
57,500 at 7.1%$386.42
57,500 at 7.11%$386.81
57,500 at 7.12%$387.19
57,500 at 7.13%$387.58
57,500 at 7.14%$387.97
57,500 at 7.15%$388.36
57,500 at 7.16%$388.75
57,500 at 7.17%$389.14
57,500 at 7.18%$389.53
57,500 at 7.19%$389.91
57,500 at 7.2%$390.30
57,500 at 7.21%$390.69
57,500 at 7.22%$391.08
57,500 at 7.23%$391.47
57,500 at 7.24%$391.86
57,500 at 7.25%$392.25
57,500 at 7.26%$392.64
57,500 at 7.27%$393.03
57,500 at 7.28%$393.42
57,500 at 7.29%$393.81
57,500 at 7.3%$394.20
57,500 at 7.31%$394.59
57,500 at 7.32%$394.99
57,500 at 7.33%$395.38
57,500 at 7.34%$395.77
57,500 at 7.35%$396.16
57,500 at 7.36%$396.55
57,500 at 7.37%$396.94
57,500 at 7.38%$397.33
57,500 at 7.39%$397.73
57,500 at 7.4%$398.12
57,500 at 7.41%$398.51
57,500 at 7.42%$398.90
57,500 at 7.43%$399.30
57,500 at 7.44%$399.69
57,500 at 7.45%$400.08
57,500 at 7.46%$400.47
57,500 at 7.47%$400.87
57,500 at 7.48%$401.26
57,500 at 7.49%$401.65
57,500 at 7.5%$402.05
57,500 at 7.51%$402.44
57,500 at 7.52%$402.84
57,500 at 7.53%$403.23
57,500 at 7.54%$403.62
57,500 at 7.55%$404.02
57,500 at 7.56%$404.41
57,500 at 7.57%$404.81
57,500 at 7.58%$405.20
57,500 at 7.59%$405.60
57,500 at 7.6%$405.99
57,500 at 7.61%$406.39
57,500 at 7.62%$406.78
57,500 at 7.63%$407.18
57,500 at 7.64%$407.57
57,500 at 7.65%$407.97
57,500 at 7.66%$408.37
57,500 at 7.67%$408.76
57,500 at 7.68%$409.16
57,500 at 7.69%$409.56
57,500 at 7.7%$409.95
57,500 at 7.71%$410.35
57,500 at 7.72%$410.75
57,500 at 7.73%$411.14
57,500 at 7.74%$411.54
57,500 at 7.75%$411.94
57,500 at 7.76%$412.33
57,500 at 7.77%$412.73
57,500 at 7.78%$413.13
57,500 at 7.79%$413.53
57,500 at 7.8%$413.93
57,500 at 7.81%$414.32
57,500 at 7.82%$414.72
57,500 at 7.83%$415.12
57,500 at 7.84%$415.52
57,500 at 7.85%$415.92
57,500 at 7.86%$416.32
57,500 at 7.87%$416.72
57,500 at 7.88%$417.11
57,500 at 7.89%$417.51
57,500 at 7.9%$417.91
57,500 at 7.91%$418.31
57,500 at 7.92%$418.71
57,500 at 7.93%$419.11
57,500 at 7.94%$419.51
57,500 at 7.95%$419.91
57,500 at 7.96%$420.31
57,500 at 7.97%$420.71
57,500 at 7.98%$421.11
57,500 at 7.99%$421.51
57,500 at 8%$421.91
More Amounts
What is the down payment for a $57,500 house? How much do you need to put down?
Percent Down Down Payment
1%575
2%1,150
3%1,725
4%2,300
5%2,875
6%3,450
7%4,025
8%4,600
9%5,175
10%5,750
11%6,325
12%6,900
13%7,475
14%8,050
15%8,625
16%9,200
17%9,775
18%10,350
19%10,925
20%11,500
Percent Down Down Payment
21%12,075
22%12,650
23%13,225
24%13,800
25%14,375
26%14,950
27%15,525
28%16,100
29%16,675
30%17,250
31%17,825
32%18,400
33%18,975
34%19,550
35%20,125
36%20,700
37%21,275
38%21,850
39%22,425
40%23,000
Percent Down Down Payment
41%23,575
42%24,150
43%24,725
44%25,300
45%25,875
46%26,450
47%27,025
48%27,600
49%28,175
50%28,750
51%29,325
52%29,900
53%30,475
54%31,050
55%31,625
56%32,200
57%32,775
58%33,350
59%33,925
60%34,500
Percent Down Down Payment
61%35,075
62%35,650
63%36,225
64%36,800
65%37,375
66%37,950
67%38,525
68%39,100
69%39,675
70%40,250
71%40,825
72%41,400
73%41,975
74%42,550
75%43,125
76%43,700
77%44,275
78%44,850
79%45,425
80%46,000
Percent Down Down Payment
81%46,575
82%47,150
83%47,725
84%48,300
85%48,875
86%49,450
87%50,025
88%50,600
89%51,175
90%51,750
91%52,325
92%52,900
93%53,475
94%54,050
95%54,625
96%55,200
97%55,775
98%56,350
99%56,925
100%57,500
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.