$60,350 Mortgage for 30 Years

What is the monthly payment of a 60,350 dollar loan?
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Loan Tables for a $60,350 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 $60,350 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
60,350 at 2.01%$223.37
60,350 at 2.02%$223.67
60,350 at 2.03%$223.97
60,350 at 2.04%$224.27
60,350 at 2.05%$224.58
60,350 at 2.06%$224.88
60,350 at 2.07%$225.18
60,350 at 2.08%$225.49
60,350 at 2.09%$225.79
60,350 at 2.1%$226.10
60,350 at 2.11%$226.40
60,350 at 2.12%$226.70
60,350 at 2.13%$227.01
60,350 at 2.14%$227.31
60,350 at 2.15%$227.62
60,350 at 2.16%$227.92
60,350 at 2.17%$228.23
60,350 at 2.18%$228.54
60,350 at 2.19%$228.84
60,350 at 2.2%$229.15
60,350 at 2.21%$229.46
60,350 at 2.22%$229.76
60,350 at 2.23%$230.07
60,350 at 2.24%$230.38
60,350 at 2.25%$230.69
60,350 at 2.26%$230.99
60,350 at 2.27%$231.30
60,350 at 2.28%$231.61
60,350 at 2.29%$231.92
60,350 at 2.3%$232.23
60,350 at 2.31%$232.54
60,350 at 2.32%$232.85
60,350 at 2.33%$233.16
60,350 at 2.34%$233.47
60,350 at 2.35%$233.78
60,350 at 2.36%$234.09
60,350 at 2.37%$234.40
60,350 at 2.38%$234.71
60,350 at 2.39%$235.02
60,350 at 2.4%$235.33
60,350 at 2.41%$235.64
60,350 at 2.42%$235.95
60,350 at 2.43%$236.26
60,350 at 2.44%$236.58
60,350 at 2.45%$236.89
60,350 at 2.46%$237.20
60,350 at 2.47%$237.52
60,350 at 2.48%$237.83
60,350 at 2.49%$238.14
60,350 at 2.5%$238.46
60,350 at 2.51%$238.77
60,350 at 2.52%$239.08
60,350 at 2.53%$239.40
60,350 at 2.54%$239.71
60,350 at 2.55%$240.03
60,350 at 2.56%$240.34
60,350 at 2.57%$240.66
60,350 at 2.58%$240.97
60,350 at 2.59%$241.29
60,350 at 2.6%$241.61
60,350 at 2.61%$241.92
60,350 at 2.62%$242.24
60,350 at 2.63%$242.55
60,350 at 2.64%$242.87
60,350 at 2.65%$243.19
60,350 at 2.66%$243.51
60,350 at 2.67%$243.82
60,350 at 2.68%$244.14
60,350 at 2.69%$244.46
60,350 at 2.7%$244.78
60,350 at 2.71%$245.10
60,350 at 2.72%$245.42
60,350 at 2.73%$245.73
60,350 at 2.74%$246.05
60,350 at 2.75%$246.37
60,350 at 2.76%$246.69
60,350 at 2.77%$247.01
60,350 at 2.78%$247.33
60,350 at 2.79%$247.65
60,350 at 2.8%$247.97
60,350 at 2.81%$248.30
60,350 at 2.82%$248.62
60,350 at 2.83%$248.94
60,350 at 2.84%$249.26
60,350 at 2.85%$249.58
60,350 at 2.86%$249.90
60,350 at 2.87%$250.23
60,350 at 2.88%$250.55
60,350 at 2.89%$250.87
60,350 at 2.9%$251.19
60,350 at 2.91%$251.52
60,350 at 2.92%$251.84
60,350 at 2.93%$252.17
60,350 at 2.94%$252.49
60,350 at 2.95%$252.81
60,350 at 2.96%$253.14
60,350 at 2.97%$253.46
60,350 at 2.98%$253.79
60,350 at 2.99%$254.11
60,350 at 3%$254.44
60,350 at 3.01%$254.76
60,350 at 3.02%$255.09
60,350 at 3.03%$255.42
60,350 at 3.04%$255.74
60,350 at 3.05%$256.07
60,350 at 3.06%$256.40
60,350 at 3.07%$256.72
60,350 at 3.08%$257.05
60,350 at 3.09%$257.38
60,350 at 3.1%$257.70
60,350 at 3.11%$258.03
60,350 at 3.12%$258.36
60,350 at 3.13%$258.69
60,350 at 3.14%$259.02
60,350 at 3.15%$259.35
60,350 at 3.16%$259.68
60,350 at 3.17%$260.00
60,350 at 3.18%$260.33
60,350 at 3.19%$260.66
60,350 at 3.2%$260.99
60,350 at 3.21%$261.32
60,350 at 3.22%$261.65
60,350 at 3.23%$261.99
60,350 at 3.24%$262.32
60,350 at 3.25%$262.65
60,350 at 3.26%$262.98
60,350 at 3.27%$263.31
60,350 at 3.28%$263.64
60,350 at 3.29%$263.97
60,350 at 3.3%$264.31
60,350 at 3.31%$264.64
60,350 at 3.32%$264.97
60,350 at 3.33%$265.30
60,350 at 3.34%$265.64
60,350 at 3.35%$265.97
60,350 at 3.36%$266.30
60,350 at 3.37%$266.64
60,350 at 3.38%$266.97
60,350 at 3.39%$267.31
60,350 at 3.4%$267.64
60,350 at 3.41%$267.98
60,350 at 3.42%$268.31
60,350 at 3.43%$268.65
60,350 at 3.44%$268.98
60,350 at 3.45%$269.32
60,350 at 3.46%$269.65
60,350 at 3.47%$269.99
60,350 at 3.48%$270.33
60,350 at 3.49%$270.66
60,350 at 3.5%$271.00
Interest Rate 30 Year
60,350 at 3.51%$271.34
60,350 at 3.52%$271.67
60,350 at 3.53%$272.01
60,350 at 3.54%$272.35
60,350 at 3.55%$272.69
60,350 at 3.56%$273.02
60,350 at 3.57%$273.36
60,350 at 3.58%$273.70
60,350 at 3.59%$274.04
60,350 at 3.6%$274.38
60,350 at 3.61%$274.72
60,350 at 3.62%$275.06
60,350 at 3.63%$275.40
60,350 at 3.64%$275.74
60,350 at 3.65%$276.08
60,350 at 3.66%$276.42
60,350 at 3.67%$276.76
60,350 at 3.68%$277.10
60,350 at 3.69%$277.44
60,350 at 3.7%$277.78
60,350 at 3.71%$278.12
60,350 at 3.72%$278.46
60,350 at 3.73%$278.81
60,350 at 3.74%$279.15
60,350 at 3.75%$279.49
60,350 at 3.76%$279.83
60,350 at 3.77%$280.18
60,350 at 3.78%$280.52
60,350 at 3.79%$280.86
60,350 at 3.8%$281.21
60,350 at 3.81%$281.55
60,350 at 3.82%$281.89
60,350 at 3.83%$282.24
60,350 at 3.84%$282.58
60,350 at 3.85%$282.93
60,350 at 3.86%$283.27
60,350 at 3.87%$283.62
60,350 at 3.88%$283.96
60,350 at 3.89%$284.31
60,350 at 3.9%$284.65
60,350 at 3.91%$285.00
60,350 at 3.92%$285.34
60,350 at 3.93%$285.69
60,350 at 3.94%$286.04
60,350 at 3.95%$286.38
60,350 at 3.96%$286.73
60,350 at 3.97%$287.08
60,350 at 3.98%$287.42
60,350 at 3.99%$287.77
60,350 at 4%$288.12
60,350 at 4.01%$288.47
60,350 at 4.02%$288.82
60,350 at 4.03%$289.16
60,350 at 4.04%$289.51
60,350 at 4.05%$289.86
60,350 at 4.06%$290.21
60,350 at 4.07%$290.56
60,350 at 4.08%$290.91
60,350 at 4.09%$291.26
60,350 at 4.1%$291.61
60,350 at 4.11%$291.96
60,350 at 4.12%$292.31
60,350 at 4.13%$292.66
60,350 at 4.14%$293.01
60,350 at 4.15%$293.36
60,350 at 4.16%$293.71
60,350 at 4.17%$294.07
60,350 at 4.18%$294.42
60,350 at 4.19%$294.77
60,350 at 4.2%$295.12
60,350 at 4.21%$295.47
60,350 at 4.22%$295.83
60,350 at 4.23%$296.18
60,350 at 4.24%$296.53
60,350 at 4.25%$296.89
60,350 at 4.26%$297.24
60,350 at 4.27%$297.59
60,350 at 4.28%$297.95
60,350 at 4.29%$298.30
60,350 at 4.3%$298.65
60,350 at 4.31%$299.01
60,350 at 4.32%$299.36
60,350 at 4.33%$299.72
60,350 at 4.34%$300.07
60,350 at 4.35%$300.43
60,350 at 4.36%$300.78
60,350 at 4.37%$301.14
60,350 at 4.38%$301.50
60,350 at 4.39%$301.85
60,350 at 4.4%$302.21
60,350 at 4.41%$302.57
60,350 at 4.42%$302.92
60,350 at 4.43%$303.28
60,350 at 4.44%$303.64
60,350 at 4.45%$303.99
60,350 at 4.46%$304.35
60,350 at 4.47%$304.71
60,350 at 4.48%$305.07
60,350 at 4.49%$305.43
60,350 at 4.5%$305.78
60,350 at 4.51%$306.14
60,350 at 4.52%$306.50
60,350 at 4.53%$306.86
60,350 at 4.54%$307.22
60,350 at 4.55%$307.58
60,350 at 4.56%$307.94
60,350 at 4.57%$308.30
60,350 at 4.58%$308.66
60,350 at 4.59%$309.02
60,350 at 4.6%$309.38
60,350 at 4.61%$309.74
60,350 at 4.62%$310.10
60,350 at 4.63%$310.46
60,350 at 4.64%$310.83
60,350 at 4.65%$311.19
60,350 at 4.66%$311.55
60,350 at 4.67%$311.91
60,350 at 4.68%$312.27
60,350 at 4.69%$312.64
60,350 at 4.7%$313.00
60,350 at 4.71%$313.36
60,350 at 4.72%$313.72
60,350 at 4.73%$314.09
60,350 at 4.74%$314.45
60,350 at 4.75%$314.81
60,350 at 4.76%$315.18
60,350 at 4.77%$315.54
60,350 at 4.78%$315.91
60,350 at 4.79%$316.27
60,350 at 4.8%$316.64
60,350 at 4.81%$317.00
60,350 at 4.82%$317.37
60,350 at 4.83%$317.73
60,350 at 4.84%$318.10
60,350 at 4.85%$318.46
60,350 at 4.86%$318.83
60,350 at 4.87%$319.19
60,350 at 4.88%$319.56
60,350 at 4.89%$319.93
60,350 at 4.9%$320.29
60,350 at 4.91%$320.66
60,350 at 4.92%$321.03
60,350 at 4.93%$321.39
60,350 at 4.94%$321.76
60,350 at 4.95%$322.13
60,350 at 4.96%$322.50
60,350 at 4.97%$322.87
60,350 at 4.98%$323.23
60,350 at 4.99%$323.60
60,350 at 5%$323.97
Interest Rate 30 Year
60,350 at 5.01%$324.34
60,350 at 5.02%$324.71
60,350 at 5.03%$325.08
60,350 at 5.04%$325.45
60,350 at 5.05%$325.82
60,350 at 5.06%$326.19
60,350 at 5.07%$326.56
60,350 at 5.08%$326.93
60,350 at 5.09%$327.30
60,350 at 5.1%$327.67
60,350 at 5.11%$328.04
60,350 at 5.12%$328.41
60,350 at 5.13%$328.78
60,350 at 5.14%$329.16
60,350 at 5.15%$329.53
60,350 at 5.16%$329.90
60,350 at 5.17%$330.27
60,350 at 5.18%$330.64
60,350 at 5.19%$331.02
60,350 at 5.2%$331.39
60,350 at 5.21%$331.76
60,350 at 5.22%$332.13
60,350 at 5.23%$332.51
60,350 at 5.24%$332.88
60,350 at 5.25%$333.25
60,350 at 5.26%$333.63
60,350 at 5.27%$334.00
60,350 at 5.28%$334.38
60,350 at 5.29%$334.75
60,350 at 5.3%$335.13
60,350 at 5.31%$335.50
60,350 at 5.32%$335.88
60,350 at 5.33%$336.25
60,350 at 5.34%$336.63
60,350 at 5.35%$337.00
60,350 at 5.36%$337.38
60,350 at 5.37%$337.75
60,350 at 5.38%$338.13
60,350 at 5.39%$338.51
60,350 at 5.4%$338.88
60,350 at 5.41%$339.26
60,350 at 5.42%$339.64
60,350 at 5.43%$340.01
60,350 at 5.44%$340.39
60,350 at 5.45%$340.77
60,350 at 5.46%$341.15
60,350 at 5.47%$341.53
60,350 at 5.48%$341.90
60,350 at 5.49%$342.28
60,350 at 5.5%$342.66
60,350 at 5.51%$343.04
60,350 at 5.52%$343.42
60,350 at 5.53%$343.80
60,350 at 5.54%$344.18
60,350 at 5.55%$344.56
60,350 at 5.56%$344.94
60,350 at 5.57%$345.32
60,350 at 5.58%$345.70
60,350 at 5.59%$346.08
60,350 at 5.6%$346.46
60,350 at 5.61%$346.84
60,350 at 5.62%$347.22
60,350 at 5.63%$347.60
60,350 at 5.64%$347.98
60,350 at 5.65%$348.36
60,350 at 5.66%$348.74
60,350 at 5.67%$349.13
60,350 at 5.68%$349.51
60,350 at 5.69%$349.89
60,350 at 5.7%$350.27
60,350 at 5.71%$350.65
60,350 at 5.72%$351.04
60,350 at 5.73%$351.42
60,350 at 5.74%$351.80
60,350 at 5.75%$352.19
60,350 at 5.76%$352.57
60,350 at 5.77%$352.95
60,350 at 5.78%$353.34
60,350 at 5.79%$353.72
60,350 at 5.8%$354.11
60,350 at 5.81%$354.49
60,350 at 5.82%$354.87
60,350 at 5.83%$355.26
60,350 at 5.84%$355.64
60,350 at 5.85%$356.03
60,350 at 5.86%$356.41
60,350 at 5.87%$356.80
60,350 at 5.88%$357.19
60,350 at 5.89%$357.57
60,350 at 5.9%$357.96
60,350 at 5.91%$358.34
60,350 at 5.92%$358.73
60,350 at 5.93%$359.12
60,350 at 5.94%$359.50
60,350 at 5.95%$359.89
60,350 at 5.96%$360.28
60,350 at 5.97%$360.67
60,350 at 5.98%$361.05
60,350 at 5.99%$361.44
60,350 at 6%$361.83
60,350 at 6.01%$362.22
60,350 at 6.02%$362.61
60,350 at 6.03%$362.99
60,350 at 6.04%$363.38
60,350 at 6.05%$363.77
60,350 at 6.06%$364.16
60,350 at 6.07%$364.55
60,350 at 6.08%$364.94
60,350 at 6.09%$365.33
60,350 at 6.1%$365.72
60,350 at 6.11%$366.11
60,350 at 6.12%$366.50
60,350 at 6.13%$366.89
60,350 at 6.14%$367.28
60,350 at 6.15%$367.67
60,350 at 6.16%$368.06
60,350 at 6.17%$368.45
60,350 at 6.18%$368.84
60,350 at 6.19%$369.23
60,350 at 6.2%$369.63
60,350 at 6.21%$370.02
60,350 at 6.22%$370.41
60,350 at 6.23%$370.80
60,350 at 6.24%$371.19
60,350 at 6.25%$371.59
60,350 at 6.26%$371.98
60,350 at 6.27%$372.37
60,350 at 6.28%$372.76
60,350 at 6.29%$373.16
60,350 at 6.3%$373.55
60,350 at 6.31%$373.94
60,350 at 6.32%$374.34
60,350 at 6.33%$374.73
60,350 at 6.34%$375.13
60,350 at 6.35%$375.52
60,350 at 6.36%$375.91
60,350 at 6.37%$376.31
60,350 at 6.38%$376.70
60,350 at 6.39%$377.10
60,350 at 6.4%$377.49
60,350 at 6.41%$377.89
60,350 at 6.42%$378.28
60,350 at 6.43%$378.68
60,350 at 6.44%$379.07
60,350 at 6.45%$379.47
60,350 at 6.46%$379.87
60,350 at 6.47%$380.26
60,350 at 6.48%$380.66
60,350 at 6.49%$381.06
60,350 at 6.5%$381.45
Interest Rate 30 Year
60,350 at 6.51%$381.85
60,350 at 6.52%$382.25
60,350 at 6.53%$382.64
60,350 at 6.54%$383.04
60,350 at 6.55%$383.44
60,350 at 6.56%$383.84
60,350 at 6.57%$384.24
60,350 at 6.58%$384.63
60,350 at 6.59%$385.03
60,350 at 6.6%$385.43
60,350 at 6.61%$385.83
60,350 at 6.62%$386.23
60,350 at 6.63%$386.63
60,350 at 6.64%$387.03
60,350 at 6.65%$387.43
60,350 at 6.66%$387.83
60,350 at 6.67%$388.23
60,350 at 6.68%$388.62
60,350 at 6.69%$389.03
60,350 at 6.7%$389.43
60,350 at 6.71%$389.83
60,350 at 6.72%$390.23
60,350 at 6.73%$390.63
60,350 at 6.74%$391.03
60,350 at 6.75%$391.43
60,350 at 6.76%$391.83
60,350 at 6.77%$392.23
60,350 at 6.78%$392.63
60,350 at 6.79%$393.03
60,350 at 6.8%$393.44
60,350 at 6.81%$393.84
60,350 at 6.82%$394.24
60,350 at 6.83%$394.64
60,350 at 6.84%$395.05
60,350 at 6.85%$395.45
60,350 at 6.86%$395.85
60,350 at 6.87%$396.25
60,350 at 6.88%$396.66
60,350 at 6.89%$397.06
60,350 at 6.9%$397.47
60,350 at 6.91%$397.87
60,350 at 6.92%$398.27
60,350 at 6.93%$398.68
60,350 at 6.94%$399.08
60,350 at 6.95%$399.49
60,350 at 6.96%$399.89
60,350 at 6.97%$400.29
60,350 at 6.98%$400.70
60,350 at 6.99%$401.10
60,350 at 7%$401.51
60,350 at 7.01%$401.92
60,350 at 7.02%$402.32
60,350 at 7.03%$402.73
60,350 at 7.04%$403.13
60,350 at 7.05%$403.54
60,350 at 7.06%$403.94
60,350 at 7.07%$404.35
60,350 at 7.08%$404.76
60,350 at 7.09%$405.16
60,350 at 7.1%$405.57
60,350 at 7.11%$405.98
60,350 at 7.12%$406.39
60,350 at 7.13%$406.79
60,350 at 7.14%$407.20
60,350 at 7.15%$407.61
60,350 at 7.16%$408.02
60,350 at 7.17%$408.42
60,350 at 7.18%$408.83
60,350 at 7.19%$409.24
60,350 at 7.2%$409.65
60,350 at 7.21%$410.06
60,350 at 7.22%$410.47
60,350 at 7.23%$410.88
60,350 at 7.24%$411.28
60,350 at 7.25%$411.69
60,350 at 7.26%$412.10
60,350 at 7.27%$412.51
60,350 at 7.28%$412.92
60,350 at 7.29%$413.33
60,350 at 7.3%$413.74
60,350 at 7.31%$414.15
60,350 at 7.32%$414.56
60,350 at 7.33%$414.97
60,350 at 7.34%$415.38
60,350 at 7.35%$415.79
60,350 at 7.36%$416.21
60,350 at 7.37%$416.62
60,350 at 7.38%$417.03
60,350 at 7.39%$417.44
60,350 at 7.4%$417.85
60,350 at 7.41%$418.26
60,350 at 7.42%$418.67
60,350 at 7.43%$419.09
60,350 at 7.44%$419.50
60,350 at 7.45%$419.91
60,350 at 7.46%$420.32
60,350 at 7.47%$420.74
60,350 at 7.48%$421.15
60,350 at 7.49%$421.56
60,350 at 7.5%$421.98
60,350 at 7.51%$422.39
60,350 at 7.52%$422.80
60,350 at 7.53%$423.22
60,350 at 7.54%$423.63
60,350 at 7.55%$424.04
60,350 at 7.56%$424.46
60,350 at 7.57%$424.87
60,350 at 7.58%$425.29
60,350 at 7.59%$425.70
60,350 at 7.6%$426.12
60,350 at 7.61%$426.53
60,350 at 7.62%$426.95
60,350 at 7.63%$427.36
60,350 at 7.64%$427.78
60,350 at 7.65%$428.19
60,350 at 7.66%$428.61
60,350 at 7.67%$429.02
60,350 at 7.68%$429.44
60,350 at 7.69%$429.86
60,350 at 7.7%$430.27
60,350 at 7.71%$430.69
60,350 at 7.72%$431.10
60,350 at 7.73%$431.52
60,350 at 7.74%$431.94
60,350 at 7.75%$432.35
60,350 at 7.76%$432.77
60,350 at 7.77%$433.19
60,350 at 7.78%$433.61
60,350 at 7.79%$434.02
60,350 at 7.8%$434.44
60,350 at 7.81%$434.86
60,350 at 7.82%$435.28
60,350 at 7.83%$435.70
60,350 at 7.84%$436.11
60,350 at 7.85%$436.53
60,350 at 7.86%$436.95
60,350 at 7.87%$437.37
60,350 at 7.88%$437.79
60,350 at 7.89%$438.21
60,350 at 7.9%$438.63
60,350 at 7.91%$439.05
60,350 at 7.92%$439.47
60,350 at 7.93%$439.89
60,350 at 7.94%$440.31
60,350 at 7.95%$440.73
60,350 at 7.96%$441.15
60,350 at 7.97%$441.57
60,350 at 7.98%$441.99
60,350 at 7.99%$442.41
60,350 at 8%$442.83
More Amounts
What is the down payment for a $60,350 house? How much do you need to put down?
Percent Down Down Payment
1%604
2%1,207
3%1,811
4%2,414
5%3,018
6%3,621
7%4,225
8%4,828
9%5,432
10%6,035
11%6,639
12%7,242
13%7,846
14%8,449
15%9,053
16%9,656
17%10,260
18%10,863
19%11,467
20%12,070
Percent Down Down Payment
21%12,674
22%13,277
23%13,881
24%14,484
25%15,088
26%15,691
27%16,295
28%16,898
29%17,502
30%18,105
31%18,709
32%19,312
33%19,916
34%20,519
35%21,123
36%21,726
37%22,330
38%22,933
39%23,537
40%24,140
Percent Down Down Payment
41%24,744
42%25,347
43%25,951
44%26,554
45%27,158
46%27,761
47%28,365
48%28,968
49%29,572
50%30,175
51%30,779
52%31,382
53%31,986
54%32,589
55%33,193
56%33,796
57%34,400
58%35,003
59%35,607
60%36,210
Percent Down Down Payment
61%36,814
62%37,417
63%38,021
64%38,624
65%39,228
66%39,831
67%40,435
68%41,038
69%41,642
70%42,245
71%42,849
72%43,452
73%44,056
74%44,659
75%45,263
76%45,866
77%46,470
78%47,073
79%47,677
80%48,280
Percent Down Down Payment
81%48,884
82%49,487
83%50,091
84%50,694
85%51,298
86%51,901
87%52,505
88%53,108
89%53,712
90%54,315
91%54,919
92%55,522
93%56,126
94%56,729
95%57,333
96%57,936
97%58,540
98%59,143
99%59,747
100%60,350
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.