$60,200 Mortgage for 30 Years

What is the monthly payment of a 60,200 dollar loan?
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Loan Tables for a $60,200 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 $60,200 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
60,200 at 2.01%$222.81
60,200 at 2.02%$223.11
60,200 at 2.03%$223.42
60,200 at 2.04%$223.72
60,200 at 2.05%$224.02
60,200 at 2.06%$224.32
60,200 at 2.07%$224.62
60,200 at 2.08%$224.93
60,200 at 2.09%$225.23
60,200 at 2.1%$225.53
60,200 at 2.11%$225.84
60,200 at 2.12%$226.14
60,200 at 2.13%$226.44
60,200 at 2.14%$226.75
60,200 at 2.15%$227.05
60,200 at 2.16%$227.36
60,200 at 2.17%$227.66
60,200 at 2.18%$227.97
60,200 at 2.19%$228.27
60,200 at 2.2%$228.58
60,200 at 2.21%$228.89
60,200 at 2.22%$229.19
60,200 at 2.23%$229.50
60,200 at 2.24%$229.81
60,200 at 2.25%$230.11
60,200 at 2.26%$230.42
60,200 at 2.27%$230.73
60,200 at 2.28%$231.03
60,200 at 2.29%$231.34
60,200 at 2.3%$231.65
60,200 at 2.31%$231.96
60,200 at 2.32%$232.27
60,200 at 2.33%$232.58
60,200 at 2.34%$232.89
60,200 at 2.35%$233.19
60,200 at 2.36%$233.50
60,200 at 2.37%$233.81
60,200 at 2.38%$234.12
60,200 at 2.39%$234.43
60,200 at 2.4%$234.74
60,200 at 2.41%$235.06
60,200 at 2.42%$235.37
60,200 at 2.43%$235.68
60,200 at 2.44%$235.99
60,200 at 2.45%$236.30
60,200 at 2.46%$236.61
60,200 at 2.47%$236.92
60,200 at 2.48%$237.24
60,200 at 2.49%$237.55
60,200 at 2.5%$237.86
60,200 at 2.51%$238.18
60,200 at 2.52%$238.49
60,200 at 2.53%$238.80
60,200 at 2.54%$239.12
60,200 at 2.55%$239.43
60,200 at 2.56%$239.74
60,200 at 2.57%$240.06
60,200 at 2.58%$240.37
60,200 at 2.59%$240.69
60,200 at 2.6%$241.00
60,200 at 2.61%$241.32
60,200 at 2.62%$241.64
60,200 at 2.63%$241.95
60,200 at 2.64%$242.27
60,200 at 2.65%$242.58
60,200 at 2.66%$242.90
60,200 at 2.67%$243.22
60,200 at 2.68%$243.53
60,200 at 2.69%$243.85
60,200 at 2.7%$244.17
60,200 at 2.71%$244.49
60,200 at 2.72%$244.81
60,200 at 2.73%$245.12
60,200 at 2.74%$245.44
60,200 at 2.75%$245.76
60,200 at 2.76%$246.08
60,200 at 2.77%$246.40
60,200 at 2.78%$246.72
60,200 at 2.79%$247.04
60,200 at 2.8%$247.36
60,200 at 2.81%$247.68
60,200 at 2.82%$248.00
60,200 at 2.83%$248.32
60,200 at 2.84%$248.64
60,200 at 2.85%$248.96
60,200 at 2.86%$249.28
60,200 at 2.87%$249.60
60,200 at 2.88%$249.93
60,200 at 2.89%$250.25
60,200 at 2.9%$250.57
60,200 at 2.91%$250.89
60,200 at 2.92%$251.22
60,200 at 2.93%$251.54
60,200 at 2.94%$251.86
60,200 at 2.95%$252.19
60,200 at 2.96%$252.51
60,200 at 2.97%$252.83
60,200 at 2.98%$253.16
60,200 at 2.99%$253.48
60,200 at 3%$253.81
60,200 at 3.01%$254.13
60,200 at 3.02%$254.46
60,200 at 3.03%$254.78
60,200 at 3.04%$255.11
60,200 at 3.05%$255.43
60,200 at 3.06%$255.76
60,200 at 3.07%$256.08
60,200 at 3.08%$256.41
60,200 at 3.09%$256.74
60,200 at 3.1%$257.06
60,200 at 3.11%$257.39
60,200 at 3.12%$257.72
60,200 at 3.13%$258.05
60,200 at 3.14%$258.37
60,200 at 3.15%$258.70
60,200 at 3.16%$259.03
60,200 at 3.17%$259.36
60,200 at 3.18%$259.69
60,200 at 3.19%$260.02
60,200 at 3.2%$260.35
60,200 at 3.21%$260.67
60,200 at 3.22%$261.00
60,200 at 3.23%$261.33
60,200 at 3.24%$261.66
60,200 at 3.25%$261.99
60,200 at 3.26%$262.32
60,200 at 3.27%$262.66
60,200 at 3.28%$262.99
60,200 at 3.29%$263.32
60,200 at 3.3%$263.65
60,200 at 3.31%$263.98
60,200 at 3.32%$264.31
60,200 at 3.33%$264.64
60,200 at 3.34%$264.98
60,200 at 3.35%$265.31
60,200 at 3.36%$265.64
60,200 at 3.37%$265.98
60,200 at 3.38%$266.31
60,200 at 3.39%$266.64
60,200 at 3.4%$266.98
60,200 at 3.41%$267.31
60,200 at 3.42%$267.64
60,200 at 3.43%$267.98
60,200 at 3.44%$268.31
60,200 at 3.45%$268.65
60,200 at 3.46%$268.98
60,200 at 3.47%$269.32
60,200 at 3.48%$269.65
60,200 at 3.49%$269.99
60,200 at 3.5%$270.32
Interest Rate 30 Year
60,200 at 3.51%$270.66
60,200 at 3.52%$271.00
60,200 at 3.53%$271.33
60,200 at 3.54%$271.67
60,200 at 3.55%$272.01
60,200 at 3.56%$272.35
60,200 at 3.57%$272.68
60,200 at 3.58%$273.02
60,200 at 3.59%$273.36
60,200 at 3.6%$273.70
60,200 at 3.61%$274.03
60,200 at 3.62%$274.37
60,200 at 3.63%$274.71
60,200 at 3.64%$275.05
60,200 at 3.65%$275.39
60,200 at 3.66%$275.73
60,200 at 3.67%$276.07
60,200 at 3.68%$276.41
60,200 at 3.69%$276.75
60,200 at 3.7%$277.09
60,200 at 3.71%$277.43
60,200 at 3.72%$277.77
60,200 at 3.73%$278.11
60,200 at 3.74%$278.45
60,200 at 3.75%$278.80
60,200 at 3.76%$279.14
60,200 at 3.77%$279.48
60,200 at 3.78%$279.82
60,200 at 3.79%$280.16
60,200 at 3.8%$280.51
60,200 at 3.81%$280.85
60,200 at 3.82%$281.19
60,200 at 3.83%$281.54
60,200 at 3.84%$281.88
60,200 at 3.85%$282.22
60,200 at 3.86%$282.57
60,200 at 3.87%$282.91
60,200 at 3.88%$283.25
60,200 at 3.89%$283.60
60,200 at 3.9%$283.94
60,200 at 3.91%$284.29
60,200 at 3.92%$284.63
60,200 at 3.93%$284.98
60,200 at 3.94%$285.33
60,200 at 3.95%$285.67
60,200 at 3.96%$286.02
60,200 at 3.97%$286.36
60,200 at 3.98%$286.71
60,200 at 3.99%$287.06
60,200 at 4%$287.40
60,200 at 4.01%$287.75
60,200 at 4.02%$288.10
60,200 at 4.03%$288.45
60,200 at 4.04%$288.79
60,200 at 4.05%$289.14
60,200 at 4.06%$289.49
60,200 at 4.07%$289.84
60,200 at 4.08%$290.19
60,200 at 4.09%$290.54
60,200 at 4.1%$290.89
60,200 at 4.11%$291.23
60,200 at 4.12%$291.58
60,200 at 4.13%$291.93
60,200 at 4.14%$292.28
60,200 at 4.15%$292.63
60,200 at 4.16%$292.98
60,200 at 4.17%$293.34
60,200 at 4.18%$293.69
60,200 at 4.19%$294.04
60,200 at 4.2%$294.39
60,200 at 4.21%$294.74
60,200 at 4.22%$295.09
60,200 at 4.23%$295.44
60,200 at 4.24%$295.80
60,200 at 4.25%$296.15
60,200 at 4.26%$296.50
60,200 at 4.27%$296.85
60,200 at 4.28%$297.21
60,200 at 4.29%$297.56
60,200 at 4.3%$297.91
60,200 at 4.31%$298.27
60,200 at 4.32%$298.62
60,200 at 4.33%$298.97
60,200 at 4.34%$299.33
60,200 at 4.35%$299.68
60,200 at 4.36%$300.04
60,200 at 4.37%$300.39
60,200 at 4.38%$300.75
60,200 at 4.39%$301.10
60,200 at 4.4%$301.46
60,200 at 4.41%$301.81
60,200 at 4.42%$302.17
60,200 at 4.43%$302.53
60,200 at 4.44%$302.88
60,200 at 4.45%$303.24
60,200 at 4.46%$303.60
60,200 at 4.47%$303.95
60,200 at 4.48%$304.31
60,200 at 4.49%$304.67
60,200 at 4.5%$305.02
60,200 at 4.51%$305.38
60,200 at 4.52%$305.74
60,200 at 4.53%$306.10
60,200 at 4.54%$306.46
60,200 at 4.55%$306.82
60,200 at 4.56%$307.17
60,200 at 4.57%$307.53
60,200 at 4.58%$307.89
60,200 at 4.59%$308.25
60,200 at 4.6%$308.61
60,200 at 4.61%$308.97
60,200 at 4.62%$309.33
60,200 at 4.63%$309.69
60,200 at 4.64%$310.05
60,200 at 4.65%$310.41
60,200 at 4.66%$310.77
60,200 at 4.67%$311.14
60,200 at 4.68%$311.50
60,200 at 4.69%$311.86
60,200 at 4.7%$312.22
60,200 at 4.71%$312.58
60,200 at 4.72%$312.94
60,200 at 4.73%$313.31
60,200 at 4.74%$313.67
60,200 at 4.75%$314.03
60,200 at 4.76%$314.39
60,200 at 4.77%$314.76
60,200 at 4.78%$315.12
60,200 at 4.79%$315.48
60,200 at 4.8%$315.85
60,200 at 4.81%$316.21
60,200 at 4.82%$316.58
60,200 at 4.83%$316.94
60,200 at 4.84%$317.31
60,200 at 4.85%$317.67
60,200 at 4.86%$318.04
60,200 at 4.87%$318.40
60,200 at 4.88%$318.77
60,200 at 4.89%$319.13
60,200 at 4.9%$319.50
60,200 at 4.91%$319.86
60,200 at 4.92%$320.23
60,200 at 4.93%$320.60
60,200 at 4.94%$320.96
60,200 at 4.95%$321.33
60,200 at 4.96%$321.70
60,200 at 4.97%$322.06
60,200 at 4.98%$322.43
60,200 at 4.99%$322.80
60,200 at 5%$323.17
Interest Rate 30 Year
60,200 at 5.01%$323.53
60,200 at 5.02%$323.90
60,200 at 5.03%$324.27
60,200 at 5.04%$324.64
60,200 at 5.05%$325.01
60,200 at 5.06%$325.38
60,200 at 5.07%$325.75
60,200 at 5.08%$326.12
60,200 at 5.09%$326.49
60,200 at 5.1%$326.86
60,200 at 5.11%$327.23
60,200 at 5.12%$327.60
60,200 at 5.13%$327.97
60,200 at 5.14%$328.34
60,200 at 5.15%$328.71
60,200 at 5.16%$329.08
60,200 at 5.17%$329.45
60,200 at 5.18%$329.82
60,200 at 5.19%$330.19
60,200 at 5.2%$330.56
60,200 at 5.21%$330.94
60,200 at 5.22%$331.31
60,200 at 5.23%$331.68
60,200 at 5.24%$332.05
60,200 at 5.25%$332.43
60,200 at 5.26%$332.80
60,200 at 5.27%$333.17
60,200 at 5.28%$333.55
60,200 at 5.29%$333.92
60,200 at 5.3%$334.29
60,200 at 5.31%$334.67
60,200 at 5.32%$335.04
60,200 at 5.33%$335.42
60,200 at 5.34%$335.79
60,200 at 5.35%$336.17
60,200 at 5.36%$336.54
60,200 at 5.37%$336.92
60,200 at 5.38%$337.29
60,200 at 5.39%$337.67
60,200 at 5.4%$338.04
60,200 at 5.41%$338.42
60,200 at 5.42%$338.79
60,200 at 5.43%$339.17
60,200 at 5.44%$339.55
60,200 at 5.45%$339.92
60,200 at 5.46%$340.30
60,200 at 5.47%$340.68
60,200 at 5.48%$341.05
60,200 at 5.49%$341.43
60,200 at 5.5%$341.81
60,200 at 5.51%$342.19
60,200 at 5.52%$342.56
60,200 at 5.53%$342.94
60,200 at 5.54%$343.32
60,200 at 5.55%$343.70
60,200 at 5.56%$344.08
60,200 at 5.57%$344.46
60,200 at 5.58%$344.84
60,200 at 5.59%$345.22
60,200 at 5.6%$345.60
60,200 at 5.61%$345.98
60,200 at 5.62%$346.36
60,200 at 5.63%$346.74
60,200 at 5.64%$347.12
60,200 at 5.65%$347.50
60,200 at 5.66%$347.88
60,200 at 5.67%$348.26
60,200 at 5.68%$348.64
60,200 at 5.69%$349.02
60,200 at 5.7%$349.40
60,200 at 5.71%$349.78
60,200 at 5.72%$350.16
60,200 at 5.73%$350.55
60,200 at 5.74%$350.93
60,200 at 5.75%$351.31
60,200 at 5.76%$351.69
60,200 at 5.77%$352.08
60,200 at 5.78%$352.46
60,200 at 5.79%$352.84
60,200 at 5.8%$353.23
60,200 at 5.81%$353.61
60,200 at 5.82%$353.99
60,200 at 5.83%$354.38
60,200 at 5.84%$354.76
60,200 at 5.85%$355.14
60,200 at 5.86%$355.53
60,200 at 5.87%$355.91
60,200 at 5.88%$356.30
60,200 at 5.89%$356.68
60,200 at 5.9%$357.07
60,200 at 5.91%$357.45
60,200 at 5.92%$357.84
60,200 at 5.93%$358.22
60,200 at 5.94%$358.61
60,200 at 5.95%$359.00
60,200 at 5.96%$359.38
60,200 at 5.97%$359.77
60,200 at 5.98%$360.16
60,200 at 5.99%$360.54
60,200 at 6%$360.93
60,200 at 6.01%$361.32
60,200 at 6.02%$361.70
60,200 at 6.03%$362.09
60,200 at 6.04%$362.48
60,200 at 6.05%$362.87
60,200 at 6.06%$363.25
60,200 at 6.07%$363.64
60,200 at 6.08%$364.03
60,200 at 6.09%$364.42
60,200 at 6.1%$364.81
60,200 at 6.11%$365.20
60,200 at 6.12%$365.59
60,200 at 6.13%$365.98
60,200 at 6.14%$366.37
60,200 at 6.15%$366.76
60,200 at 6.16%$367.15
60,200 at 6.17%$367.54
60,200 at 6.18%$367.93
60,200 at 6.19%$368.32
60,200 at 6.2%$368.71
60,200 at 6.21%$369.10
60,200 at 6.22%$369.49
60,200 at 6.23%$369.88
60,200 at 6.24%$370.27
60,200 at 6.25%$370.66
60,200 at 6.26%$371.05
60,200 at 6.27%$371.45
60,200 at 6.28%$371.84
60,200 at 6.29%$372.23
60,200 at 6.3%$372.62
60,200 at 6.31%$373.01
60,200 at 6.32%$373.41
60,200 at 6.33%$373.80
60,200 at 6.34%$374.19
60,200 at 6.35%$374.59
60,200 at 6.36%$374.98
60,200 at 6.37%$375.37
60,200 at 6.38%$375.77
60,200 at 6.39%$376.16
60,200 at 6.4%$376.55
60,200 at 6.41%$376.95
60,200 at 6.42%$377.34
60,200 at 6.43%$377.74
60,200 at 6.44%$378.13
60,200 at 6.45%$378.53
60,200 at 6.46%$378.92
60,200 at 6.47%$379.32
60,200 at 6.48%$379.71
60,200 at 6.49%$380.11
60,200 at 6.5%$380.50
Interest Rate 30 Year
60,200 at 6.51%$380.90
60,200 at 6.52%$381.30
60,200 at 6.53%$381.69
60,200 at 6.54%$382.09
60,200 at 6.55%$382.49
60,200 at 6.56%$382.88
60,200 at 6.57%$383.28
60,200 at 6.58%$383.68
60,200 at 6.59%$384.08
60,200 at 6.6%$384.47
60,200 at 6.61%$384.87
60,200 at 6.62%$385.27
60,200 at 6.63%$385.67
60,200 at 6.64%$386.06
60,200 at 6.65%$386.46
60,200 at 6.66%$386.86
60,200 at 6.67%$387.26
60,200 at 6.68%$387.66
60,200 at 6.69%$388.06
60,200 at 6.7%$388.46
60,200 at 6.71%$388.86
60,200 at 6.72%$389.26
60,200 at 6.73%$389.66
60,200 at 6.74%$390.06
60,200 at 6.75%$390.46
60,200 at 6.76%$390.86
60,200 at 6.77%$391.26
60,200 at 6.78%$391.66
60,200 at 6.79%$392.06
60,200 at 6.8%$392.46
60,200 at 6.81%$392.86
60,200 at 6.82%$393.26
60,200 at 6.83%$393.66
60,200 at 6.84%$394.06
60,200 at 6.85%$394.47
60,200 at 6.86%$394.87
60,200 at 6.87%$395.27
60,200 at 6.88%$395.67
60,200 at 6.89%$396.07
60,200 at 6.9%$396.48
60,200 at 6.91%$396.88
60,200 at 6.92%$397.28
60,200 at 6.93%$397.69
60,200 at 6.94%$398.09
60,200 at 6.95%$398.49
60,200 at 6.96%$398.90
60,200 at 6.97%$399.30
60,200 at 6.98%$399.70
60,200 at 6.99%$400.11
60,200 at 7%$400.51
60,200 at 7.01%$400.92
60,200 at 7.02%$401.32
60,200 at 7.03%$401.73
60,200 at 7.04%$402.13
60,200 at 7.05%$402.54
60,200 at 7.06%$402.94
60,200 at 7.07%$403.35
60,200 at 7.08%$403.75
60,200 at 7.09%$404.16
60,200 at 7.1%$404.56
60,200 at 7.11%$404.97
60,200 at 7.12%$405.38
60,200 at 7.13%$405.78
60,200 at 7.14%$406.19
60,200 at 7.15%$406.59
60,200 at 7.16%$407.00
60,200 at 7.17%$407.41
60,200 at 7.18%$407.82
60,200 at 7.19%$408.22
60,200 at 7.2%$408.63
60,200 at 7.21%$409.04
60,200 at 7.22%$409.45
60,200 at 7.23%$409.85
60,200 at 7.24%$410.26
60,200 at 7.25%$410.67
60,200 at 7.26%$411.08
60,200 at 7.27%$411.49
60,200 at 7.28%$411.90
60,200 at 7.29%$412.30
60,200 at 7.3%$412.71
60,200 at 7.31%$413.12
60,200 at 7.32%$413.53
60,200 at 7.33%$413.94
60,200 at 7.34%$414.35
60,200 at 7.35%$414.76
60,200 at 7.36%$415.17
60,200 at 7.37%$415.58
60,200 at 7.38%$415.99
60,200 at 7.39%$416.40
60,200 at 7.4%$416.81
60,200 at 7.41%$417.22
60,200 at 7.42%$417.63
60,200 at 7.43%$418.05
60,200 at 7.44%$418.46
60,200 at 7.45%$418.87
60,200 at 7.46%$419.28
60,200 at 7.47%$419.69
60,200 at 7.48%$420.10
60,200 at 7.49%$420.51
60,200 at 7.5%$420.93
60,200 at 7.51%$421.34
60,200 at 7.52%$421.75
60,200 at 7.53%$422.16
60,200 at 7.54%$422.58
60,200 at 7.55%$422.99
60,200 at 7.56%$423.40
60,200 at 7.57%$423.82
60,200 at 7.58%$424.23
60,200 at 7.59%$424.64
60,200 at 7.6%$425.06
60,200 at 7.61%$425.47
60,200 at 7.62%$425.88
60,200 at 7.63%$426.30
60,200 at 7.64%$426.71
60,200 at 7.65%$427.13
60,200 at 7.66%$427.54
60,200 at 7.67%$427.96
60,200 at 7.68%$428.37
60,200 at 7.69%$428.79
60,200 at 7.7%$429.20
60,200 at 7.71%$429.62
60,200 at 7.72%$430.03
60,200 at 7.73%$430.45
60,200 at 7.74%$430.86
60,200 at 7.75%$431.28
60,200 at 7.76%$431.70
60,200 at 7.77%$432.11
60,200 at 7.78%$432.53
60,200 at 7.79%$432.95
60,200 at 7.8%$433.36
60,200 at 7.81%$433.78
60,200 at 7.82%$434.20
60,200 at 7.83%$434.61
60,200 at 7.84%$435.03
60,200 at 7.85%$435.45
60,200 at 7.86%$435.87
60,200 at 7.87%$436.28
60,200 at 7.88%$436.70
60,200 at 7.89%$437.12
60,200 at 7.9%$437.54
60,200 at 7.91%$437.96
60,200 at 7.92%$438.37
60,200 at 7.93%$438.79
60,200 at 7.94%$439.21
60,200 at 7.95%$439.63
60,200 at 7.96%$440.05
60,200 at 7.97%$440.47
60,200 at 7.98%$440.89
60,200 at 7.99%$441.31
60,200 at 8%$441.73
More Amounts
What is the down payment for a $60,200 house? How much do you need to put down?
Percent Down Down Payment
1%602
2%1,204
3%1,806
4%2,408
5%3,010
6%3,612
7%4,214
8%4,816
9%5,418
10%6,020
11%6,622
12%7,224
13%7,826
14%8,428
15%9,030
16%9,632
17%10,234
18%10,836
19%11,438
20%12,040
Percent Down Down Payment
21%12,642
22%13,244
23%13,846
24%14,448
25%15,050
26%15,652
27%16,254
28%16,856
29%17,458
30%18,060
31%18,662
32%19,264
33%19,866
34%20,468
35%21,070
36%21,672
37%22,274
38%22,876
39%23,478
40%24,080
Percent Down Down Payment
41%24,682
42%25,284
43%25,886
44%26,488
45%27,090
46%27,692
47%28,294
48%28,896
49%29,498
50%30,100
51%30,702
52%31,304
53%31,906
54%32,508
55%33,110
56%33,712
57%34,314
58%34,916
59%35,518
60%36,120
Percent Down Down Payment
61%36,722
62%37,324
63%37,926
64%38,528
65%39,130
66%39,732
67%40,334
68%40,936
69%41,538
70%42,140
71%42,742
72%43,344
73%43,946
74%44,548
75%45,150
76%45,752
77%46,354
78%46,956
79%47,558
80%48,160
Percent Down Down Payment
81%48,762
82%49,364
83%49,966
84%50,568
85%51,170
86%51,772
87%52,374
88%52,976
89%53,578
90%54,180
91%54,782
92%55,384
93%55,986
94%56,588
95%57,190
96%57,792
97%58,394
98%58,996
99%59,598
100%60,200
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.