$59,850 Mortgage for 30 Years

What is the monthly payment of a 59,850 dollar loan?
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Loan Tables for a $59,850 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 60k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $59,850 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
59,850 at 2.01%$221.52
59,850 at 2.02%$221.82
59,850 at 2.03%$222.12
59,850 at 2.04%$222.42
59,850 at 2.05%$222.72
59,850 at 2.06%$223.02
59,850 at 2.07%$223.32
59,850 at 2.08%$223.62
59,850 at 2.09%$223.92
59,850 at 2.1%$224.22
59,850 at 2.11%$224.52
59,850 at 2.12%$224.83
59,850 at 2.13%$225.13
59,850 at 2.14%$225.43
59,850 at 2.15%$225.73
59,850 at 2.16%$226.04
59,850 at 2.17%$226.34
59,850 at 2.18%$226.64
59,850 at 2.19%$226.95
59,850 at 2.2%$227.25
59,850 at 2.21%$227.56
59,850 at 2.22%$227.86
59,850 at 2.23%$228.16
59,850 at 2.24%$228.47
59,850 at 2.25%$228.77
59,850 at 2.26%$229.08
59,850 at 2.27%$229.39
59,850 at 2.28%$229.69
59,850 at 2.29%$230.00
59,850 at 2.3%$230.30
59,850 at 2.31%$230.61
59,850 at 2.32%$230.92
59,850 at 2.33%$231.22
59,850 at 2.34%$231.53
59,850 at 2.35%$231.84
59,850 at 2.36%$232.15
59,850 at 2.37%$232.45
59,850 at 2.38%$232.76
59,850 at 2.39%$233.07
59,850 at 2.4%$233.38
59,850 at 2.41%$233.69
59,850 at 2.42%$234.00
59,850 at 2.43%$234.31
59,850 at 2.44%$234.62
59,850 at 2.45%$234.93
59,850 at 2.46%$235.24
59,850 at 2.47%$235.55
59,850 at 2.48%$235.86
59,850 at 2.49%$236.17
59,850 at 2.5%$236.48
59,850 at 2.51%$236.79
59,850 at 2.52%$237.10
59,850 at 2.53%$237.41
59,850 at 2.54%$237.73
59,850 at 2.55%$238.04
59,850 at 2.56%$238.35
59,850 at 2.57%$238.66
59,850 at 2.58%$238.98
59,850 at 2.59%$239.29
59,850 at 2.6%$239.60
59,850 at 2.61%$239.92
59,850 at 2.62%$240.23
59,850 at 2.63%$240.54
59,850 at 2.64%$240.86
59,850 at 2.65%$241.17
59,850 at 2.66%$241.49
59,850 at 2.67%$241.80
59,850 at 2.68%$242.12
59,850 at 2.69%$242.43
59,850 at 2.7%$242.75
59,850 at 2.71%$243.07
59,850 at 2.72%$243.38
59,850 at 2.73%$243.70
59,850 at 2.74%$244.02
59,850 at 2.75%$244.33
59,850 at 2.76%$244.65
59,850 at 2.77%$244.97
59,850 at 2.78%$245.28
59,850 at 2.79%$245.60
59,850 at 2.8%$245.92
59,850 at 2.81%$246.24
59,850 at 2.82%$246.56
59,850 at 2.83%$246.88
59,850 at 2.84%$247.19
59,850 at 2.85%$247.51
59,850 at 2.86%$247.83
59,850 at 2.87%$248.15
59,850 at 2.88%$248.47
59,850 at 2.89%$248.79
59,850 at 2.9%$249.11
59,850 at 2.91%$249.43
59,850 at 2.92%$249.76
59,850 at 2.93%$250.08
59,850 at 2.94%$250.40
59,850 at 2.95%$250.72
59,850 at 2.96%$251.04
59,850 at 2.97%$251.36
59,850 at 2.98%$251.68
59,850 at 2.99%$252.01
59,850 at 3%$252.33
59,850 at 3.01%$252.65
59,850 at 3.02%$252.98
59,850 at 3.03%$253.30
59,850 at 3.04%$253.62
59,850 at 3.05%$253.95
59,850 at 3.06%$254.27
59,850 at 3.07%$254.60
59,850 at 3.08%$254.92
59,850 at 3.09%$255.24
59,850 at 3.1%$255.57
59,850 at 3.11%$255.89
59,850 at 3.12%$256.22
59,850 at 3.13%$256.55
59,850 at 3.14%$256.87
59,850 at 3.15%$257.20
59,850 at 3.16%$257.52
59,850 at 3.17%$257.85
59,850 at 3.18%$258.18
59,850 at 3.19%$258.50
59,850 at 3.2%$258.83
59,850 at 3.21%$259.16
59,850 at 3.22%$259.49
59,850 at 3.23%$259.81
59,850 at 3.24%$260.14
59,850 at 3.25%$260.47
59,850 at 3.26%$260.80
59,850 at 3.27%$261.13
59,850 at 3.28%$261.46
59,850 at 3.29%$261.79
59,850 at 3.3%$262.12
59,850 at 3.31%$262.45
59,850 at 3.32%$262.78
59,850 at 3.33%$263.11
59,850 at 3.34%$263.44
59,850 at 3.35%$263.77
59,850 at 3.36%$264.10
59,850 at 3.37%$264.43
59,850 at 3.38%$264.76
59,850 at 3.39%$265.09
59,850 at 3.4%$265.42
59,850 at 3.41%$265.76
59,850 at 3.42%$266.09
59,850 at 3.43%$266.42
59,850 at 3.44%$266.75
59,850 at 3.45%$267.09
59,850 at 3.46%$267.42
59,850 at 3.47%$267.75
59,850 at 3.48%$268.09
59,850 at 3.49%$268.42
59,850 at 3.5%$268.75
Interest Rate 30 Year
59,850 at 3.51%$269.09
59,850 at 3.52%$269.42
59,850 at 3.53%$269.76
59,850 at 3.54%$270.09
59,850 at 3.55%$270.43
59,850 at 3.56%$270.76
59,850 at 3.57%$271.10
59,850 at 3.58%$271.43
59,850 at 3.59%$271.77
59,850 at 3.6%$272.11
59,850 at 3.61%$272.44
59,850 at 3.62%$272.78
59,850 at 3.63%$273.12
59,850 at 3.64%$273.45
59,850 at 3.65%$273.79
59,850 at 3.66%$274.13
59,850 at 3.67%$274.46
59,850 at 3.68%$274.80
59,850 at 3.69%$275.14
59,850 at 3.7%$275.48
59,850 at 3.71%$275.82
59,850 at 3.72%$276.16
59,850 at 3.73%$276.50
59,850 at 3.74%$276.84
59,850 at 3.75%$277.17
59,850 at 3.76%$277.51
59,850 at 3.77%$277.85
59,850 at 3.78%$278.19
59,850 at 3.79%$278.53
59,850 at 3.8%$278.88
59,850 at 3.81%$279.22
59,850 at 3.82%$279.56
59,850 at 3.83%$279.90
59,850 at 3.84%$280.24
59,850 at 3.85%$280.58
59,850 at 3.86%$280.92
59,850 at 3.87%$281.27
59,850 at 3.88%$281.61
59,850 at 3.89%$281.95
59,850 at 3.9%$282.29
59,850 at 3.91%$282.64
59,850 at 3.92%$282.98
59,850 at 3.93%$283.32
59,850 at 3.94%$283.67
59,850 at 3.95%$284.01
59,850 at 3.96%$284.35
59,850 at 3.97%$284.70
59,850 at 3.98%$285.04
59,850 at 3.99%$285.39
59,850 at 4%$285.73
59,850 at 4.01%$286.08
59,850 at 4.02%$286.42
59,850 at 4.03%$286.77
59,850 at 4.04%$287.11
59,850 at 4.05%$287.46
59,850 at 4.06%$287.81
59,850 at 4.07%$288.15
59,850 at 4.08%$288.50
59,850 at 4.09%$288.85
59,850 at 4.1%$289.19
59,850 at 4.11%$289.54
59,850 at 4.12%$289.89
59,850 at 4.13%$290.24
59,850 at 4.14%$290.58
59,850 at 4.15%$290.93
59,850 at 4.16%$291.28
59,850 at 4.17%$291.63
59,850 at 4.18%$291.98
59,850 at 4.19%$292.33
59,850 at 4.2%$292.68
59,850 at 4.21%$293.03
59,850 at 4.22%$293.38
59,850 at 4.23%$293.73
59,850 at 4.24%$294.08
59,850 at 4.25%$294.43
59,850 at 4.26%$294.78
59,850 at 4.27%$295.13
59,850 at 4.28%$295.48
59,850 at 4.29%$295.83
59,850 at 4.3%$296.18
59,850 at 4.31%$296.53
59,850 at 4.32%$296.88
59,850 at 4.33%$297.24
59,850 at 4.34%$297.59
59,850 at 4.35%$297.94
59,850 at 4.36%$298.29
59,850 at 4.37%$298.65
59,850 at 4.38%$299.00
59,850 at 4.39%$299.35
59,850 at 4.4%$299.71
59,850 at 4.41%$300.06
59,850 at 4.42%$300.41
59,850 at 4.43%$300.77
59,850 at 4.44%$301.12
59,850 at 4.45%$301.48
59,850 at 4.46%$301.83
59,850 at 4.47%$302.19
59,850 at 4.48%$302.54
59,850 at 4.49%$302.90
59,850 at 4.5%$303.25
59,850 at 4.51%$303.61
59,850 at 4.52%$303.96
59,850 at 4.53%$304.32
59,850 at 4.54%$304.68
59,850 at 4.55%$305.03
59,850 at 4.56%$305.39
59,850 at 4.57%$305.75
59,850 at 4.58%$306.10
59,850 at 4.59%$306.46
59,850 at 4.6%$306.82
59,850 at 4.61%$307.18
59,850 at 4.62%$307.53
59,850 at 4.63%$307.89
59,850 at 4.64%$308.25
59,850 at 4.65%$308.61
59,850 at 4.66%$308.97
59,850 at 4.67%$309.33
59,850 at 4.68%$309.69
59,850 at 4.69%$310.05
59,850 at 4.7%$310.40
59,850 at 4.71%$310.76
59,850 at 4.72%$311.12
59,850 at 4.73%$311.48
59,850 at 4.74%$311.85
59,850 at 4.75%$312.21
59,850 at 4.76%$312.57
59,850 at 4.77%$312.93
59,850 at 4.78%$313.29
59,850 at 4.79%$313.65
59,850 at 4.8%$314.01
59,850 at 4.81%$314.37
59,850 at 4.82%$314.74
59,850 at 4.83%$315.10
59,850 at 4.84%$315.46
59,850 at 4.85%$315.82
59,850 at 4.86%$316.19
59,850 at 4.87%$316.55
59,850 at 4.88%$316.91
59,850 at 4.89%$317.28
59,850 at 4.9%$317.64
59,850 at 4.91%$318.00
59,850 at 4.92%$318.37
59,850 at 4.93%$318.73
59,850 at 4.94%$319.10
59,850 at 4.95%$319.46
59,850 at 4.96%$319.83
59,850 at 4.97%$320.19
59,850 at 4.98%$320.56
59,850 at 4.99%$320.92
59,850 at 5%$321.29
Interest Rate 30 Year
59,850 at 5.01%$321.65
59,850 at 5.02%$322.02
59,850 at 5.03%$322.39
59,850 at 5.04%$322.75
59,850 at 5.05%$323.12
59,850 at 5.06%$323.49
59,850 at 5.07%$323.85
59,850 at 5.08%$324.22
59,850 at 5.09%$324.59
59,850 at 5.1%$324.96
59,850 at 5.11%$325.32
59,850 at 5.12%$325.69
59,850 at 5.13%$326.06
59,850 at 5.14%$326.43
59,850 at 5.15%$326.80
59,850 at 5.16%$327.17
59,850 at 5.17%$327.53
59,850 at 5.18%$327.90
59,850 at 5.19%$328.27
59,850 at 5.2%$328.64
59,850 at 5.21%$329.01
59,850 at 5.22%$329.38
59,850 at 5.23%$329.75
59,850 at 5.24%$330.12
59,850 at 5.25%$330.49
59,850 at 5.26%$330.86
59,850 at 5.27%$331.24
59,850 at 5.28%$331.61
59,850 at 5.29%$331.98
59,850 at 5.3%$332.35
59,850 at 5.31%$332.72
59,850 at 5.32%$333.09
59,850 at 5.33%$333.47
59,850 at 5.34%$333.84
59,850 at 5.35%$334.21
59,850 at 5.36%$334.58
59,850 at 5.37%$334.96
59,850 at 5.38%$335.33
59,850 at 5.39%$335.70
59,850 at 5.4%$336.08
59,850 at 5.41%$336.45
59,850 at 5.42%$336.82
59,850 at 5.43%$337.20
59,850 at 5.44%$337.57
59,850 at 5.45%$337.95
59,850 at 5.46%$338.32
59,850 at 5.47%$338.70
59,850 at 5.48%$339.07
59,850 at 5.49%$339.45
59,850 at 5.5%$339.82
59,850 at 5.51%$340.20
59,850 at 5.52%$340.57
59,850 at 5.53%$340.95
59,850 at 5.54%$341.33
59,850 at 5.55%$341.70
59,850 at 5.56%$342.08
59,850 at 5.57%$342.45
59,850 at 5.58%$342.83
59,850 at 5.59%$343.21
59,850 at 5.6%$343.59
59,850 at 5.61%$343.96
59,850 at 5.62%$344.34
59,850 at 5.63%$344.72
59,850 at 5.64%$345.10
59,850 at 5.65%$345.48
59,850 at 5.66%$345.85
59,850 at 5.67%$346.23
59,850 at 5.68%$346.61
59,850 at 5.69%$346.99
59,850 at 5.7%$347.37
59,850 at 5.71%$347.75
59,850 at 5.72%$348.13
59,850 at 5.73%$348.51
59,850 at 5.74%$348.89
59,850 at 5.75%$349.27
59,850 at 5.76%$349.65
59,850 at 5.77%$350.03
59,850 at 5.78%$350.41
59,850 at 5.79%$350.79
59,850 at 5.8%$351.17
59,850 at 5.81%$351.55
59,850 at 5.82%$351.93
59,850 at 5.83%$352.32
59,850 at 5.84%$352.70
59,850 at 5.85%$353.08
59,850 at 5.86%$353.46
59,850 at 5.87%$353.84
59,850 at 5.88%$354.23
59,850 at 5.89%$354.61
59,850 at 5.9%$354.99
59,850 at 5.91%$355.38
59,850 at 5.92%$355.76
59,850 at 5.93%$356.14
59,850 at 5.94%$356.53
59,850 at 5.95%$356.91
59,850 at 5.96%$357.29
59,850 at 5.97%$357.68
59,850 at 5.98%$358.06
59,850 at 5.99%$358.45
59,850 at 6%$358.83
59,850 at 6.01%$359.22
59,850 at 6.02%$359.60
59,850 at 6.03%$359.99
59,850 at 6.04%$360.37
59,850 at 6.05%$360.76
59,850 at 6.06%$361.14
59,850 at 6.07%$361.53
59,850 at 6.08%$361.92
59,850 at 6.09%$362.30
59,850 at 6.1%$362.69
59,850 at 6.11%$363.07
59,850 at 6.12%$363.46
59,850 at 6.13%$363.85
59,850 at 6.14%$364.24
59,850 at 6.15%$364.62
59,850 at 6.16%$365.01
59,850 at 6.17%$365.40
59,850 at 6.18%$365.79
59,850 at 6.19%$366.17
59,850 at 6.2%$366.56
59,850 at 6.21%$366.95
59,850 at 6.22%$367.34
59,850 at 6.23%$367.73
59,850 at 6.24%$368.12
59,850 at 6.25%$368.51
59,850 at 6.26%$368.90
59,850 at 6.27%$369.29
59,850 at 6.28%$369.68
59,850 at 6.29%$370.07
59,850 at 6.3%$370.46
59,850 at 6.31%$370.85
59,850 at 6.32%$371.24
59,850 at 6.33%$371.63
59,850 at 6.34%$372.02
59,850 at 6.35%$372.41
59,850 at 6.36%$372.80
59,850 at 6.37%$373.19
59,850 at 6.38%$373.58
59,850 at 6.39%$373.97
59,850 at 6.4%$374.37
59,850 at 6.41%$374.76
59,850 at 6.42%$375.15
59,850 at 6.43%$375.54
59,850 at 6.44%$375.93
59,850 at 6.45%$376.33
59,850 at 6.46%$376.72
59,850 at 6.47%$377.11
59,850 at 6.48%$377.51
59,850 at 6.49%$377.90
59,850 at 6.5%$378.29
Interest Rate 30 Year
59,850 at 6.51%$378.69
59,850 at 6.52%$379.08
59,850 at 6.53%$379.47
59,850 at 6.54%$379.87
59,850 at 6.55%$380.26
59,850 at 6.56%$380.66
59,850 at 6.57%$381.05
59,850 at 6.58%$381.45
59,850 at 6.59%$381.84
59,850 at 6.6%$382.24
59,850 at 6.61%$382.63
59,850 at 6.62%$383.03
59,850 at 6.63%$383.42
59,850 at 6.64%$383.82
59,850 at 6.65%$384.22
59,850 at 6.66%$384.61
59,850 at 6.67%$385.01
59,850 at 6.68%$385.41
59,850 at 6.69%$385.80
59,850 at 6.7%$386.20
59,850 at 6.71%$386.60
59,850 at 6.72%$386.99
59,850 at 6.73%$387.39
59,850 at 6.74%$387.79
59,850 at 6.75%$388.19
59,850 at 6.76%$388.58
59,850 at 6.77%$388.98
59,850 at 6.78%$389.38
59,850 at 6.79%$389.78
59,850 at 6.8%$390.18
59,850 at 6.81%$390.58
59,850 at 6.82%$390.97
59,850 at 6.83%$391.37
59,850 at 6.84%$391.77
59,850 at 6.85%$392.17
59,850 at 6.86%$392.57
59,850 at 6.87%$392.97
59,850 at 6.88%$393.37
59,850 at 6.89%$393.77
59,850 at 6.9%$394.17
59,850 at 6.91%$394.57
59,850 at 6.92%$394.97
59,850 at 6.93%$395.37
59,850 at 6.94%$395.77
59,850 at 6.95%$396.18
59,850 at 6.96%$396.58
59,850 at 6.97%$396.98
59,850 at 6.98%$397.38
59,850 at 6.99%$397.78
59,850 at 7%$398.18
59,850 at 7.01%$398.59
59,850 at 7.02%$398.99
59,850 at 7.03%$399.39
59,850 at 7.04%$399.79
59,850 at 7.05%$400.20
59,850 at 7.06%$400.60
59,850 at 7.07%$401.00
59,850 at 7.08%$401.40
59,850 at 7.09%$401.81
59,850 at 7.1%$402.21
59,850 at 7.11%$402.61
59,850 at 7.12%$403.02
59,850 at 7.13%$403.42
59,850 at 7.14%$403.83
59,850 at 7.15%$404.23
59,850 at 7.16%$404.64
59,850 at 7.17%$405.04
59,850 at 7.18%$405.44
59,850 at 7.19%$405.85
59,850 at 7.2%$406.25
59,850 at 7.21%$406.66
59,850 at 7.22%$407.07
59,850 at 7.23%$407.47
59,850 at 7.24%$407.88
59,850 at 7.25%$408.28
59,850 at 7.26%$408.69
59,850 at 7.27%$409.09
59,850 at 7.28%$409.50
59,850 at 7.29%$409.91
59,850 at 7.3%$410.31
59,850 at 7.31%$410.72
59,850 at 7.32%$411.13
59,850 at 7.33%$411.54
59,850 at 7.34%$411.94
59,850 at 7.35%$412.35
59,850 at 7.36%$412.76
59,850 at 7.37%$413.17
59,850 at 7.38%$413.57
59,850 at 7.39%$413.98
59,850 at 7.4%$414.39
59,850 at 7.41%$414.80
59,850 at 7.42%$415.21
59,850 at 7.43%$415.61
59,850 at 7.44%$416.02
59,850 at 7.45%$416.43
59,850 at 7.46%$416.84
59,850 at 7.47%$417.25
59,850 at 7.48%$417.66
59,850 at 7.49%$418.07
59,850 at 7.5%$418.48
59,850 at 7.51%$418.89
59,850 at 7.52%$419.30
59,850 at 7.53%$419.71
59,850 at 7.54%$420.12
59,850 at 7.55%$420.53
59,850 at 7.56%$420.94
59,850 at 7.57%$421.35
59,850 at 7.58%$421.76
59,850 at 7.59%$422.17
59,850 at 7.6%$422.59
59,850 at 7.61%$423.00
59,850 at 7.62%$423.41
59,850 at 7.63%$423.82
59,850 at 7.64%$424.23
59,850 at 7.65%$424.64
59,850 at 7.66%$425.06
59,850 at 7.67%$425.47
59,850 at 7.68%$425.88
59,850 at 7.69%$426.29
59,850 at 7.7%$426.71
59,850 at 7.71%$427.12
59,850 at 7.72%$427.53
59,850 at 7.73%$427.95
59,850 at 7.74%$428.36
59,850 at 7.75%$428.77
59,850 at 7.76%$429.19
59,850 at 7.77%$429.60
59,850 at 7.78%$430.01
59,850 at 7.79%$430.43
59,850 at 7.8%$430.84
59,850 at 7.81%$431.26
59,850 at 7.82%$431.67
59,850 at 7.83%$432.09
59,850 at 7.84%$432.50
59,850 at 7.85%$432.92
59,850 at 7.86%$433.33
59,850 at 7.87%$433.75
59,850 at 7.88%$434.16
59,850 at 7.89%$434.58
59,850 at 7.9%$434.99
59,850 at 7.91%$435.41
59,850 at 7.92%$435.82
59,850 at 7.93%$436.24
59,850 at 7.94%$436.66
59,850 at 7.95%$437.07
59,850 at 7.96%$437.49
59,850 at 7.97%$437.91
59,850 at 7.98%$438.32
59,850 at 7.99%$438.74
59,850 at 8%$439.16
More Amounts
What is the down payment for a $59,850 house? How much do you need to put down?
Percent Down Down Payment
1%599
2%1,197
3%1,796
4%2,394
5%2,993
6%3,591
7%4,190
8%4,788
9%5,387
10%5,985
11%6,584
12%7,182
13%7,781
14%8,379
15%8,978
16%9,576
17%10,175
18%10,773
19%11,372
20%11,970
Percent Down Down Payment
21%12,569
22%13,167
23%13,766
24%14,364
25%14,963
26%15,561
27%16,160
28%16,758
29%17,357
30%17,955
31%18,554
32%19,152
33%19,751
34%20,349
35%20,948
36%21,546
37%22,145
38%22,743
39%23,342
40%23,940
Percent Down Down Payment
41%24,539
42%25,137
43%25,736
44%26,334
45%26,933
46%27,531
47%28,130
48%28,728
49%29,327
50%29,925
51%30,524
52%31,122
53%31,721
54%32,319
55%32,918
56%33,516
57%34,115
58%34,713
59%35,312
60%35,910
Percent Down Down Payment
61%36,509
62%37,107
63%37,706
64%38,304
65%38,903
66%39,501
67%40,100
68%40,698
69%41,297
70%41,895
71%42,494
72%43,092
73%43,691
74%44,289
75%44,888
76%45,486
77%46,085
78%46,683
79%47,282
80%47,880
Percent Down Down Payment
81%48,479
82%49,077
83%49,676
84%50,274
85%50,873
86%51,471
87%52,070
88%52,668
89%53,267
90%53,865
91%54,464
92%55,062
93%55,661
94%56,259
95%56,858
96%57,456
97%58,055
98%58,653
99%59,252
100%59,850
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.