$61,650 Mortgage for 30 Years

What is the monthly payment of a 61,650 dollar loan?
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Loan Tables for a $61,650 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 62k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $61,650 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
61,650 at 2.01%$228.18
61,650 at 2.02%$228.49
61,650 at 2.03%$228.80
61,650 at 2.04%$229.11
61,650 at 2.05%$229.41
61,650 at 2.06%$229.72
61,650 at 2.07%$230.03
61,650 at 2.08%$230.34
61,650 at 2.09%$230.66
61,650 at 2.1%$230.97
61,650 at 2.11%$231.28
61,650 at 2.12%$231.59
61,650 at 2.13%$231.90
61,650 at 2.14%$232.21
61,650 at 2.15%$232.52
61,650 at 2.16%$232.83
61,650 at 2.17%$233.15
61,650 at 2.18%$233.46
61,650 at 2.19%$233.77
61,650 at 2.2%$234.09
61,650 at 2.21%$234.40
61,650 at 2.22%$234.71
61,650 at 2.23%$235.03
61,650 at 2.24%$235.34
61,650 at 2.25%$235.65
61,650 at 2.26%$235.97
61,650 at 2.27%$236.28
61,650 at 2.28%$236.60
61,650 at 2.29%$236.91
61,650 at 2.3%$237.23
61,650 at 2.31%$237.55
61,650 at 2.32%$237.86
61,650 at 2.33%$238.18
61,650 at 2.34%$238.49
61,650 at 2.35%$238.81
61,650 at 2.36%$239.13
61,650 at 2.37%$239.45
61,650 at 2.38%$239.76
61,650 at 2.39%$240.08
61,650 at 2.4%$240.40
61,650 at 2.41%$240.72
61,650 at 2.42%$241.04
61,650 at 2.43%$241.35
61,650 at 2.44%$241.67
61,650 at 2.45%$241.99
61,650 at 2.46%$242.31
61,650 at 2.47%$242.63
61,650 at 2.48%$242.95
61,650 at 2.49%$243.27
61,650 at 2.5%$243.59
61,650 at 2.51%$243.91
61,650 at 2.52%$244.23
61,650 at 2.53%$244.55
61,650 at 2.54%$244.88
61,650 at 2.55%$245.20
61,650 at 2.56%$245.52
61,650 at 2.57%$245.84
61,650 at 2.58%$246.16
61,650 at 2.59%$246.49
61,650 at 2.6%$246.81
61,650 at 2.61%$247.13
61,650 at 2.62%$247.46
61,650 at 2.63%$247.78
61,650 at 2.64%$248.10
61,650 at 2.65%$248.43
61,650 at 2.66%$248.75
61,650 at 2.67%$249.08
61,650 at 2.68%$249.40
61,650 at 2.69%$249.73
61,650 at 2.7%$250.05
61,650 at 2.71%$250.38
61,650 at 2.72%$250.70
61,650 at 2.73%$251.03
61,650 at 2.74%$251.35
61,650 at 2.75%$251.68
61,650 at 2.76%$252.01
61,650 at 2.77%$252.33
61,650 at 2.78%$252.66
61,650 at 2.79%$252.99
61,650 at 2.8%$253.32
61,650 at 2.81%$253.64
61,650 at 2.82%$253.97
61,650 at 2.83%$254.30
61,650 at 2.84%$254.63
61,650 at 2.85%$254.96
61,650 at 2.86%$255.29
61,650 at 2.87%$255.62
61,650 at 2.88%$255.95
61,650 at 2.89%$256.28
61,650 at 2.9%$256.61
61,650 at 2.91%$256.94
61,650 at 2.92%$257.27
61,650 at 2.93%$257.60
61,650 at 2.94%$257.93
61,650 at 2.95%$258.26
61,650 at 2.96%$258.59
61,650 at 2.97%$258.92
61,650 at 2.98%$259.25
61,650 at 2.99%$259.59
61,650 at 3%$259.92
61,650 at 3.01%$260.25
61,650 at 3.02%$260.58
61,650 at 3.03%$260.92
61,650 at 3.04%$261.25
61,650 at 3.05%$261.58
61,650 at 3.06%$261.92
61,650 at 3.07%$262.25
61,650 at 3.08%$262.59
61,650 at 3.09%$262.92
61,650 at 3.1%$263.26
61,650 at 3.11%$263.59
61,650 at 3.12%$263.93
61,650 at 3.13%$264.26
61,650 at 3.14%$264.60
61,650 at 3.15%$264.93
61,650 at 3.16%$265.27
61,650 at 3.17%$265.61
61,650 at 3.18%$265.94
61,650 at 3.19%$266.28
61,650 at 3.2%$266.62
61,650 at 3.21%$266.95
61,650 at 3.22%$267.29
61,650 at 3.23%$267.63
61,650 at 3.24%$267.97
61,650 at 3.25%$268.30
61,650 at 3.26%$268.64
61,650 at 3.27%$268.98
61,650 at 3.28%$269.32
61,650 at 3.29%$269.66
61,650 at 3.3%$270.00
61,650 at 3.31%$270.34
61,650 at 3.32%$270.68
61,650 at 3.33%$271.02
61,650 at 3.34%$271.36
61,650 at 3.35%$271.70
61,650 at 3.36%$272.04
61,650 at 3.37%$272.38
61,650 at 3.38%$272.72
61,650 at 3.39%$273.06
61,650 at 3.4%$273.41
61,650 at 3.41%$273.75
61,650 at 3.42%$274.09
61,650 at 3.43%$274.43
61,650 at 3.44%$274.78
61,650 at 3.45%$275.12
61,650 at 3.46%$275.46
61,650 at 3.47%$275.80
61,650 at 3.48%$276.15
61,650 at 3.49%$276.49
61,650 at 3.5%$276.84
Interest Rate 30 Year
61,650 at 3.51%$277.18
61,650 at 3.52%$277.52
61,650 at 3.53%$277.87
61,650 at 3.54%$278.21
61,650 at 3.55%$278.56
61,650 at 3.56%$278.90
61,650 at 3.57%$279.25
61,650 at 3.58%$279.60
61,650 at 3.59%$279.94
61,650 at 3.6%$280.29
61,650 at 3.61%$280.64
61,650 at 3.62%$280.98
61,650 at 3.63%$281.33
61,650 at 3.64%$281.68
61,650 at 3.65%$282.02
61,650 at 3.66%$282.37
61,650 at 3.67%$282.72
61,650 at 3.68%$283.07
61,650 at 3.69%$283.42
61,650 at 3.7%$283.76
61,650 at 3.71%$284.11
61,650 at 3.72%$284.46
61,650 at 3.73%$284.81
61,650 at 3.74%$285.16
61,650 at 3.75%$285.51
61,650 at 3.76%$285.86
61,650 at 3.77%$286.21
61,650 at 3.78%$286.56
61,650 at 3.79%$286.91
61,650 at 3.8%$287.26
61,650 at 3.81%$287.61
61,650 at 3.82%$287.97
61,650 at 3.83%$288.32
61,650 at 3.84%$288.67
61,650 at 3.85%$289.02
61,650 at 3.86%$289.37
61,650 at 3.87%$289.72
61,650 at 3.88%$290.08
61,650 at 3.89%$290.43
61,650 at 3.9%$290.78
61,650 at 3.91%$291.14
61,650 at 3.92%$291.49
61,650 at 3.93%$291.84
61,650 at 3.94%$292.20
61,650 at 3.95%$292.55
61,650 at 3.96%$292.91
61,650 at 3.97%$293.26
61,650 at 3.98%$293.62
61,650 at 3.99%$293.97
61,650 at 4%$294.33
61,650 at 4.01%$294.68
61,650 at 4.02%$295.04
61,650 at 4.03%$295.39
61,650 at 4.04%$295.75
61,650 at 4.05%$296.11
61,650 at 4.06%$296.46
61,650 at 4.07%$296.82
61,650 at 4.08%$297.18
61,650 at 4.09%$297.53
61,650 at 4.1%$297.89
61,650 at 4.11%$298.25
61,650 at 4.12%$298.61
61,650 at 4.13%$298.97
61,650 at 4.14%$299.32
61,650 at 4.15%$299.68
61,650 at 4.16%$300.04
61,650 at 4.17%$300.40
61,650 at 4.18%$300.76
61,650 at 4.19%$301.12
61,650 at 4.2%$301.48
61,650 at 4.21%$301.84
61,650 at 4.22%$302.20
61,650 at 4.23%$302.56
61,650 at 4.24%$302.92
61,650 at 4.25%$303.28
61,650 at 4.26%$303.64
61,650 at 4.27%$304.00
61,650 at 4.28%$304.36
61,650 at 4.29%$304.73
61,650 at 4.3%$305.09
61,650 at 4.31%$305.45
61,650 at 4.32%$305.81
61,650 at 4.33%$306.18
61,650 at 4.34%$306.54
61,650 at 4.35%$306.90
61,650 at 4.36%$307.26
61,650 at 4.37%$307.63
61,650 at 4.38%$307.99
61,650 at 4.39%$308.36
61,650 at 4.4%$308.72
61,650 at 4.41%$309.08
61,650 at 4.42%$309.45
61,650 at 4.43%$309.81
61,650 at 4.44%$310.18
61,650 at 4.45%$310.54
61,650 at 4.46%$310.91
61,650 at 4.47%$311.27
61,650 at 4.48%$311.64
61,650 at 4.49%$312.01
61,650 at 4.5%$312.37
61,650 at 4.51%$312.74
61,650 at 4.52%$313.10
61,650 at 4.53%$313.47
61,650 at 4.54%$313.84
61,650 at 4.55%$314.21
61,650 at 4.56%$314.57
61,650 at 4.57%$314.94
61,650 at 4.58%$315.31
61,650 at 4.59%$315.68
61,650 at 4.6%$316.05
61,650 at 4.61%$316.41
61,650 at 4.62%$316.78
61,650 at 4.63%$317.15
61,650 at 4.64%$317.52
61,650 at 4.65%$317.89
61,650 at 4.66%$318.26
61,650 at 4.67%$318.63
61,650 at 4.68%$319.00
61,650 at 4.69%$319.37
61,650 at 4.7%$319.74
61,650 at 4.71%$320.11
61,650 at 4.72%$320.48
61,650 at 4.73%$320.85
61,650 at 4.74%$321.22
61,650 at 4.75%$321.60
61,650 at 4.76%$321.97
61,650 at 4.77%$322.34
61,650 at 4.78%$322.71
61,650 at 4.79%$323.08
61,650 at 4.8%$323.46
61,650 at 4.81%$323.83
61,650 at 4.82%$324.20
61,650 at 4.83%$324.58
61,650 at 4.84%$324.95
61,650 at 4.85%$325.32
61,650 at 4.86%$325.70
61,650 at 4.87%$326.07
61,650 at 4.88%$326.44
61,650 at 4.89%$326.82
61,650 at 4.9%$327.19
61,650 at 4.91%$327.57
61,650 at 4.92%$327.94
61,650 at 4.93%$328.32
61,650 at 4.94%$328.69
61,650 at 4.95%$329.07
61,650 at 4.96%$329.45
61,650 at 4.97%$329.82
61,650 at 4.98%$330.20
61,650 at 4.99%$330.57
61,650 at 5%$330.95
Interest Rate 30 Year
61,650 at 5.01%$331.33
61,650 at 5.02%$331.70
61,650 at 5.03%$332.08
61,650 at 5.04%$332.46
61,650 at 5.05%$332.84
61,650 at 5.06%$333.21
61,650 at 5.07%$333.59
61,650 at 5.08%$333.97
61,650 at 5.09%$334.35
61,650 at 5.1%$334.73
61,650 at 5.11%$335.11
61,650 at 5.12%$335.49
61,650 at 5.13%$335.87
61,650 at 5.14%$336.25
61,650 at 5.15%$336.63
61,650 at 5.16%$337.01
61,650 at 5.17%$337.39
61,650 at 5.18%$337.77
61,650 at 5.19%$338.15
61,650 at 5.2%$338.53
61,650 at 5.21%$338.91
61,650 at 5.22%$339.29
61,650 at 5.23%$339.67
61,650 at 5.24%$340.05
61,650 at 5.25%$340.43
61,650 at 5.26%$340.82
61,650 at 5.27%$341.20
61,650 at 5.28%$341.58
61,650 at 5.29%$341.96
61,650 at 5.3%$342.35
61,650 at 5.31%$342.73
61,650 at 5.32%$343.11
61,650 at 5.33%$343.49
61,650 at 5.34%$343.88
61,650 at 5.35%$344.26
61,650 at 5.36%$344.65
61,650 at 5.37%$345.03
61,650 at 5.38%$345.41
61,650 at 5.39%$345.80
61,650 at 5.4%$346.18
61,650 at 5.41%$346.57
61,650 at 5.42%$346.95
61,650 at 5.43%$347.34
61,650 at 5.44%$347.72
61,650 at 5.45%$348.11
61,650 at 5.46%$348.50
61,650 at 5.47%$348.88
61,650 at 5.48%$349.27
61,650 at 5.49%$349.66
61,650 at 5.5%$350.04
61,650 at 5.51%$350.43
61,650 at 5.52%$350.82
61,650 at 5.53%$351.20
61,650 at 5.54%$351.59
61,650 at 5.55%$351.98
61,650 at 5.56%$352.37
61,650 at 5.57%$352.75
61,650 at 5.58%$353.14
61,650 at 5.59%$353.53
61,650 at 5.6%$353.92
61,650 at 5.61%$354.31
61,650 at 5.62%$354.70
61,650 at 5.63%$355.09
61,650 at 5.64%$355.48
61,650 at 5.65%$355.87
61,650 at 5.66%$356.26
61,650 at 5.67%$356.65
61,650 at 5.68%$357.04
61,650 at 5.69%$357.43
61,650 at 5.7%$357.82
61,650 at 5.71%$358.21
61,650 at 5.72%$358.60
61,650 at 5.73%$358.99
61,650 at 5.74%$359.38
61,650 at 5.75%$359.77
61,650 at 5.76%$360.16
61,650 at 5.77%$360.56
61,650 at 5.78%$360.95
61,650 at 5.79%$361.34
61,650 at 5.8%$361.73
61,650 at 5.81%$362.13
61,650 at 5.82%$362.52
61,650 at 5.83%$362.91
61,650 at 5.84%$363.31
61,650 at 5.85%$363.70
61,650 at 5.86%$364.09
61,650 at 5.87%$364.49
61,650 at 5.88%$364.88
61,650 at 5.89%$365.27
61,650 at 5.9%$365.67
61,650 at 5.91%$366.06
61,650 at 5.92%$366.46
61,650 at 5.93%$366.85
61,650 at 5.94%$367.25
61,650 at 5.95%$367.64
61,650 at 5.96%$368.04
61,650 at 5.97%$368.43
61,650 at 5.98%$368.83
61,650 at 5.99%$369.23
61,650 at 6%$369.62
61,650 at 6.01%$370.02
61,650 at 6.02%$370.42
61,650 at 6.03%$370.81
61,650 at 6.04%$371.21
61,650 at 6.05%$371.61
61,650 at 6.06%$372.00
61,650 at 6.07%$372.40
61,650 at 6.08%$372.80
61,650 at 6.09%$373.20
61,650 at 6.1%$373.60
61,650 at 6.11%$373.99
61,650 at 6.12%$374.39
61,650 at 6.13%$374.79
61,650 at 6.14%$375.19
61,650 at 6.15%$375.59
61,650 at 6.16%$375.99
61,650 at 6.17%$376.39
61,650 at 6.18%$376.79
61,650 at 6.19%$377.19
61,650 at 6.2%$377.59
61,650 at 6.21%$377.99
61,650 at 6.22%$378.39
61,650 at 6.23%$378.79
61,650 at 6.24%$379.19
61,650 at 6.25%$379.59
61,650 at 6.26%$379.99
61,650 at 6.27%$380.39
61,650 at 6.28%$380.79
61,650 at 6.29%$381.19
61,650 at 6.3%$381.60
61,650 at 6.31%$382.00
61,650 at 6.32%$382.40
61,650 at 6.33%$382.80
61,650 at 6.34%$383.21
61,650 at 6.35%$383.61
61,650 at 6.36%$384.01
61,650 at 6.37%$384.41
61,650 at 6.38%$384.82
61,650 at 6.39%$385.22
61,650 at 6.4%$385.62
61,650 at 6.41%$386.03
61,650 at 6.42%$386.43
61,650 at 6.43%$386.84
61,650 at 6.44%$387.24
61,650 at 6.45%$387.64
61,650 at 6.46%$388.05
61,650 at 6.47%$388.45
61,650 at 6.48%$388.86
61,650 at 6.49%$389.26
61,650 at 6.5%$389.67
Interest Rate 30 Year
61,650 at 6.51%$390.08
61,650 at 6.52%$390.48
61,650 at 6.53%$390.89
61,650 at 6.54%$391.29
61,650 at 6.55%$391.70
61,650 at 6.56%$392.11
61,650 at 6.57%$392.51
61,650 at 6.58%$392.92
61,650 at 6.59%$393.33
61,650 at 6.6%$393.73
61,650 at 6.61%$394.14
61,650 at 6.62%$394.55
61,650 at 6.63%$394.96
61,650 at 6.64%$395.36
61,650 at 6.65%$395.77
61,650 at 6.66%$396.18
61,650 at 6.67%$396.59
61,650 at 6.68%$397.00
61,650 at 6.69%$397.41
61,650 at 6.7%$397.81
61,650 at 6.71%$398.22
61,650 at 6.72%$398.63
61,650 at 6.73%$399.04
61,650 at 6.74%$399.45
61,650 at 6.75%$399.86
61,650 at 6.76%$400.27
61,650 at 6.77%$400.68
61,650 at 6.78%$401.09
61,650 at 6.79%$401.50
61,650 at 6.8%$401.91
61,650 at 6.81%$402.32
61,650 at 6.82%$402.73
61,650 at 6.83%$403.14
61,650 at 6.84%$403.56
61,650 at 6.85%$403.97
61,650 at 6.86%$404.38
61,650 at 6.87%$404.79
61,650 at 6.88%$405.20
61,650 at 6.89%$405.61
61,650 at 6.9%$406.03
61,650 at 6.91%$406.44
61,650 at 6.92%$406.85
61,650 at 6.93%$407.26
61,650 at 6.94%$407.68
61,650 at 6.95%$408.09
61,650 at 6.96%$408.50
61,650 at 6.97%$408.92
61,650 at 6.98%$409.33
61,650 at 6.99%$409.75
61,650 at 7%$410.16
61,650 at 7.01%$410.57
61,650 at 7.02%$410.99
61,650 at 7.03%$411.40
61,650 at 7.04%$411.82
61,650 at 7.05%$412.23
61,650 at 7.06%$412.65
61,650 at 7.07%$413.06
61,650 at 7.08%$413.48
61,650 at 7.09%$413.89
61,650 at 7.1%$414.31
61,650 at 7.11%$414.72
61,650 at 7.12%$415.14
61,650 at 7.13%$415.56
61,650 at 7.14%$415.97
61,650 at 7.15%$416.39
61,650 at 7.16%$416.80
61,650 at 7.17%$417.22
61,650 at 7.18%$417.64
61,650 at 7.19%$418.06
61,650 at 7.2%$418.47
61,650 at 7.21%$418.89
61,650 at 7.22%$419.31
61,650 at 7.23%$419.73
61,650 at 7.24%$420.14
61,650 at 7.25%$420.56
61,650 at 7.26%$420.98
61,650 at 7.27%$421.40
61,650 at 7.28%$421.82
61,650 at 7.29%$422.24
61,650 at 7.3%$422.65
61,650 at 7.31%$423.07
61,650 at 7.32%$423.49
61,650 at 7.33%$423.91
61,650 at 7.34%$424.33
61,650 at 7.35%$424.75
61,650 at 7.36%$425.17
61,650 at 7.37%$425.59
61,650 at 7.38%$426.01
61,650 at 7.39%$426.43
61,650 at 7.4%$426.85
61,650 at 7.41%$427.27
61,650 at 7.42%$427.69
61,650 at 7.43%$428.11
61,650 at 7.44%$428.54
61,650 at 7.45%$428.96
61,650 at 7.46%$429.38
61,650 at 7.47%$429.80
61,650 at 7.48%$430.22
61,650 at 7.49%$430.64
61,650 at 7.5%$431.07
61,650 at 7.51%$431.49
61,650 at 7.52%$431.91
61,650 at 7.53%$432.33
61,650 at 7.54%$432.76
61,650 at 7.55%$433.18
61,650 at 7.56%$433.60
61,650 at 7.57%$434.02
61,650 at 7.58%$434.45
61,650 at 7.59%$434.87
61,650 at 7.6%$435.30
61,650 at 7.61%$435.72
61,650 at 7.62%$436.14
61,650 at 7.63%$436.57
61,650 at 7.64%$436.99
61,650 at 7.65%$437.42
61,650 at 7.66%$437.84
61,650 at 7.67%$438.26
61,650 at 7.68%$438.69
61,650 at 7.69%$439.11
61,650 at 7.7%$439.54
61,650 at 7.71%$439.97
61,650 at 7.72%$440.39
61,650 at 7.73%$440.82
61,650 at 7.74%$441.24
61,650 at 7.75%$441.67
61,650 at 7.76%$442.09
61,650 at 7.77%$442.52
61,650 at 7.78%$442.95
61,650 at 7.79%$443.37
61,650 at 7.8%$443.80
61,650 at 7.81%$444.23
61,650 at 7.82%$444.65
61,650 at 7.83%$445.08
61,650 at 7.84%$445.51
61,650 at 7.85%$445.94
61,650 at 7.86%$446.36
61,650 at 7.87%$446.79
61,650 at 7.88%$447.22
61,650 at 7.89%$447.65
61,650 at 7.9%$448.08
61,650 at 7.91%$448.50
61,650 at 7.92%$448.93
61,650 at 7.93%$449.36
61,650 at 7.94%$449.79
61,650 at 7.95%$450.22
61,650 at 7.96%$450.65
61,650 at 7.97%$451.08
61,650 at 7.98%$451.51
61,650 at 7.99%$451.94
61,650 at 8%$452.37
More Amounts
What is the down payment for a $61,650 house? How much do you need to put down?
Percent Down Down Payment
1%617
2%1,233
3%1,850
4%2,466
5%3,083
6%3,699
7%4,316
8%4,932
9%5,549
10%6,165
11%6,782
12%7,398
13%8,015
14%8,631
15%9,248
16%9,864
17%10,481
18%11,097
19%11,714
20%12,330
Percent Down Down Payment
21%12,947
22%13,563
23%14,180
24%14,796
25%15,413
26%16,029
27%16,646
28%17,262
29%17,879
30%18,495
31%19,112
32%19,728
33%20,345
34%20,961
35%21,578
36%22,194
37%22,811
38%23,427
39%24,044
40%24,660
Percent Down Down Payment
41%25,277
42%25,893
43%26,510
44%27,126
45%27,743
46%28,359
47%28,976
48%29,592
49%30,209
50%30,825
51%31,442
52%32,058
53%32,675
54%33,291
55%33,908
56%34,524
57%35,141
58%35,757
59%36,374
60%36,990
Percent Down Down Payment
61%37,607
62%38,223
63%38,840
64%39,456
65%40,073
66%40,689
67%41,306
68%41,922
69%42,539
70%43,155
71%43,772
72%44,388
73%45,005
74%45,621
75%46,238
76%46,854
77%47,471
78%48,087
79%48,704
80%49,320
Percent Down Down Payment
81%49,937
82%50,553
83%51,170
84%51,786
85%52,403
86%53,019
87%53,636
88%54,252
89%54,869
90%55,485
91%56,102
92%56,718
93%57,335
94%57,951
95%58,568
96%59,184
97%59,801
98%60,417
99%61,034
100%61,650
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.