$64,600 Mortgage for 30 Years

What is the monthly payment of a 64,600 dollar loan?
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Loan Tables for a $64,600 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 65k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $64,600 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
64,600 at 2.01%$239.10
64,600 at 2.02%$239.42
64,600 at 2.03%$239.74
64,600 at 2.04%$240.07
64,600 at 2.05%$240.39
64,600 at 2.06%$240.72
64,600 at 2.07%$241.04
64,600 at 2.08%$241.37
64,600 at 2.09%$241.69
64,600 at 2.1%$242.02
64,600 at 2.11%$242.34
64,600 at 2.12%$242.67
64,600 at 2.13%$243.00
64,600 at 2.14%$243.32
64,600 at 2.15%$243.65
64,600 at 2.16%$243.98
64,600 at 2.17%$244.30
64,600 at 2.18%$244.63
64,600 at 2.19%$244.96
64,600 at 2.2%$245.29
64,600 at 2.21%$245.62
64,600 at 2.22%$245.94
64,600 at 2.23%$246.27
64,600 at 2.24%$246.60
64,600 at 2.25%$246.93
64,600 at 2.26%$247.26
64,600 at 2.27%$247.59
64,600 at 2.28%$247.92
64,600 at 2.29%$248.25
64,600 at 2.3%$248.58
64,600 at 2.31%$248.91
64,600 at 2.32%$249.24
64,600 at 2.33%$249.58
64,600 at 2.34%$249.91
64,600 at 2.35%$250.24
64,600 at 2.36%$250.57
64,600 at 2.37%$250.90
64,600 at 2.38%$251.24
64,600 at 2.39%$251.57
64,600 at 2.4%$251.90
64,600 at 2.41%$252.24
64,600 at 2.42%$252.57
64,600 at 2.43%$252.90
64,600 at 2.44%$253.24
64,600 at 2.45%$253.57
64,600 at 2.46%$253.91
64,600 at 2.47%$254.24
64,600 at 2.48%$254.58
64,600 at 2.49%$254.91
64,600 at 2.5%$255.25
64,600 at 2.51%$255.58
64,600 at 2.52%$255.92
64,600 at 2.53%$256.26
64,600 at 2.54%$256.59
64,600 at 2.55%$256.93
64,600 at 2.56%$257.27
64,600 at 2.57%$257.61
64,600 at 2.58%$257.94
64,600 at 2.59%$258.28
64,600 at 2.6%$258.62
64,600 at 2.61%$258.96
64,600 at 2.62%$259.30
64,600 at 2.63%$259.64
64,600 at 2.64%$259.98
64,600 at 2.65%$260.31
64,600 at 2.66%$260.65
64,600 at 2.67%$260.99
64,600 at 2.68%$261.33
64,600 at 2.69%$261.68
64,600 at 2.7%$262.02
64,600 at 2.71%$262.36
64,600 at 2.72%$262.70
64,600 at 2.73%$263.04
64,600 at 2.74%$263.38
64,600 at 2.75%$263.72
64,600 at 2.76%$264.07
64,600 at 2.77%$264.41
64,600 at 2.78%$264.75
64,600 at 2.79%$265.09
64,600 at 2.8%$265.44
64,600 at 2.81%$265.78
64,600 at 2.82%$266.13
64,600 at 2.83%$266.47
64,600 at 2.84%$266.81
64,600 at 2.85%$267.16
64,600 at 2.86%$267.50
64,600 at 2.87%$267.85
64,600 at 2.88%$268.19
64,600 at 2.89%$268.54
64,600 at 2.9%$268.88
64,600 at 2.91%$269.23
64,600 at 2.92%$269.58
64,600 at 2.93%$269.92
64,600 at 2.94%$270.27
64,600 at 2.95%$270.62
64,600 at 2.96%$270.96
64,600 at 2.97%$271.31
64,600 at 2.98%$271.66
64,600 at 2.99%$272.01
64,600 at 3%$272.36
64,600 at 3.01%$272.70
64,600 at 3.02%$273.05
64,600 at 3.03%$273.40
64,600 at 3.04%$273.75
64,600 at 3.05%$274.10
64,600 at 3.06%$274.45
64,600 at 3.07%$274.80
64,600 at 3.08%$275.15
64,600 at 3.09%$275.50
64,600 at 3.1%$275.85
64,600 at 3.11%$276.20
64,600 at 3.12%$276.55
64,600 at 3.13%$276.91
64,600 at 3.14%$277.26
64,600 at 3.15%$277.61
64,600 at 3.16%$277.96
64,600 at 3.17%$278.31
64,600 at 3.18%$278.67
64,600 at 3.19%$279.02
64,600 at 3.2%$279.37
64,600 at 3.21%$279.73
64,600 at 3.22%$280.08
64,600 at 3.23%$280.43
64,600 at 3.24%$280.79
64,600 at 3.25%$281.14
64,600 at 3.26%$281.50
64,600 at 3.27%$281.85
64,600 at 3.28%$282.21
64,600 at 3.29%$282.56
64,600 at 3.3%$282.92
64,600 at 3.31%$283.27
64,600 at 3.32%$283.63
64,600 at 3.33%$283.99
64,600 at 3.34%$284.34
64,600 at 3.35%$284.70
64,600 at 3.36%$285.06
64,600 at 3.37%$285.42
64,600 at 3.38%$285.77
64,600 at 3.39%$286.13
64,600 at 3.4%$286.49
64,600 at 3.41%$286.85
64,600 at 3.42%$287.21
64,600 at 3.43%$287.56
64,600 at 3.44%$287.92
64,600 at 3.45%$288.28
64,600 at 3.46%$288.64
64,600 at 3.47%$289.00
64,600 at 3.48%$289.36
64,600 at 3.49%$289.72
64,600 at 3.5%$290.08
Interest Rate 30 Year
64,600 at 3.51%$290.44
64,600 at 3.52%$290.80
64,600 at 3.53%$291.17
64,600 at 3.54%$291.53
64,600 at 3.55%$291.89
64,600 at 3.56%$292.25
64,600 at 3.57%$292.61
64,600 at 3.58%$292.98
64,600 at 3.59%$293.34
64,600 at 3.6%$293.70
64,600 at 3.61%$294.06
64,600 at 3.62%$294.43
64,600 at 3.63%$294.79
64,600 at 3.64%$295.15
64,600 at 3.65%$295.52
64,600 at 3.66%$295.88
64,600 at 3.67%$296.25
64,600 at 3.68%$296.61
64,600 at 3.69%$296.98
64,600 at 3.7%$297.34
64,600 at 3.71%$297.71
64,600 at 3.72%$298.07
64,600 at 3.73%$298.44
64,600 at 3.74%$298.81
64,600 at 3.75%$299.17
64,600 at 3.76%$299.54
64,600 at 3.77%$299.91
64,600 at 3.78%$300.27
64,600 at 3.79%$300.64
64,600 at 3.8%$301.01
64,600 at 3.81%$301.38
64,600 at 3.82%$301.74
64,600 at 3.83%$302.11
64,600 at 3.84%$302.48
64,600 at 3.85%$302.85
64,600 at 3.86%$303.22
64,600 at 3.87%$303.59
64,600 at 3.88%$303.96
64,600 at 3.89%$304.33
64,600 at 3.9%$304.70
64,600 at 3.91%$305.07
64,600 at 3.92%$305.44
64,600 at 3.93%$305.81
64,600 at 3.94%$306.18
64,600 at 3.95%$306.55
64,600 at 3.96%$306.92
64,600 at 3.97%$307.29
64,600 at 3.98%$307.67
64,600 at 3.99%$308.04
64,600 at 4%$308.41
64,600 at 4.01%$308.78
64,600 at 4.02%$309.16
64,600 at 4.03%$309.53
64,600 at 4.04%$309.90
64,600 at 4.05%$310.28
64,600 at 4.06%$310.65
64,600 at 4.07%$311.02
64,600 at 4.08%$311.40
64,600 at 4.09%$311.77
64,600 at 4.1%$312.15
64,600 at 4.11%$312.52
64,600 at 4.12%$312.90
64,600 at 4.13%$313.27
64,600 at 4.14%$313.65
64,600 at 4.15%$314.02
64,600 at 4.16%$314.40
64,600 at 4.17%$314.77
64,600 at 4.18%$315.15
64,600 at 4.19%$315.53
64,600 at 4.2%$315.91
64,600 at 4.21%$316.28
64,600 at 4.22%$316.66
64,600 at 4.23%$317.04
64,600 at 4.24%$317.42
64,600 at 4.25%$317.79
64,600 at 4.26%$318.17
64,600 at 4.27%$318.55
64,600 at 4.28%$318.93
64,600 at 4.29%$319.31
64,600 at 4.3%$319.69
64,600 at 4.31%$320.07
64,600 at 4.32%$320.45
64,600 at 4.33%$320.83
64,600 at 4.34%$321.21
64,600 at 4.35%$321.59
64,600 at 4.36%$321.97
64,600 at 4.37%$322.35
64,600 at 4.38%$322.73
64,600 at 4.39%$323.11
64,600 at 4.4%$323.49
64,600 at 4.41%$323.87
64,600 at 4.42%$324.26
64,600 at 4.43%$324.64
64,600 at 4.44%$325.02
64,600 at 4.45%$325.40
64,600 at 4.46%$325.79
64,600 at 4.47%$326.17
64,600 at 4.48%$326.55
64,600 at 4.49%$326.93
64,600 at 4.5%$327.32
64,600 at 4.51%$327.70
64,600 at 4.52%$328.09
64,600 at 4.53%$328.47
64,600 at 4.54%$328.86
64,600 at 4.55%$329.24
64,600 at 4.56%$329.63
64,600 at 4.57%$330.01
64,600 at 4.58%$330.40
64,600 at 4.59%$330.78
64,600 at 4.6%$331.17
64,600 at 4.61%$331.55
64,600 at 4.62%$331.94
64,600 at 4.63%$332.33
64,600 at 4.64%$332.71
64,600 at 4.65%$333.10
64,600 at 4.66%$333.49
64,600 at 4.67%$333.88
64,600 at 4.68%$334.26
64,600 at 4.69%$334.65
64,600 at 4.7%$335.04
64,600 at 4.71%$335.43
64,600 at 4.72%$335.82
64,600 at 4.73%$336.21
64,600 at 4.74%$336.59
64,600 at 4.75%$336.98
64,600 at 4.76%$337.37
64,600 at 4.77%$337.76
64,600 at 4.78%$338.15
64,600 at 4.79%$338.54
64,600 at 4.8%$338.93
64,600 at 4.81%$339.32
64,600 at 4.82%$339.72
64,600 at 4.83%$340.11
64,600 at 4.84%$340.50
64,600 at 4.85%$340.89
64,600 at 4.86%$341.28
64,600 at 4.87%$341.67
64,600 at 4.88%$342.06
64,600 at 4.89%$342.46
64,600 at 4.9%$342.85
64,600 at 4.91%$343.24
64,600 at 4.92%$343.64
64,600 at 4.93%$344.03
64,600 at 4.94%$344.42
64,600 at 4.95%$344.82
64,600 at 4.96%$345.21
64,600 at 4.97%$345.60
64,600 at 4.98%$346.00
64,600 at 4.99%$346.39
64,600 at 5%$346.79
Interest Rate 30 Year
64,600 at 5.01%$347.18
64,600 at 5.02%$347.58
64,600 at 5.03%$347.97
64,600 at 5.04%$348.37
64,600 at 5.05%$348.76
64,600 at 5.06%$349.16
64,600 at 5.07%$349.56
64,600 at 5.08%$349.95
64,600 at 5.09%$350.35
64,600 at 5.1%$350.75
64,600 at 5.11%$351.14
64,600 at 5.12%$351.54
64,600 at 5.13%$351.94
64,600 at 5.14%$352.34
64,600 at 5.15%$352.73
64,600 at 5.16%$353.13
64,600 at 5.17%$353.53
64,600 at 5.18%$353.93
64,600 at 5.19%$354.33
64,600 at 5.2%$354.73
64,600 at 5.21%$355.12
64,600 at 5.22%$355.52
64,600 at 5.23%$355.92
64,600 at 5.24%$356.32
64,600 at 5.25%$356.72
64,600 at 5.26%$357.12
64,600 at 5.27%$357.52
64,600 at 5.28%$357.92
64,600 at 5.29%$358.33
64,600 at 5.3%$358.73
64,600 at 5.31%$359.13
64,600 at 5.32%$359.53
64,600 at 5.33%$359.93
64,600 at 5.34%$360.33
64,600 at 5.35%$360.74
64,600 at 5.36%$361.14
64,600 at 5.37%$361.54
64,600 at 5.38%$361.94
64,600 at 5.39%$362.35
64,600 at 5.4%$362.75
64,600 at 5.41%$363.15
64,600 at 5.42%$363.56
64,600 at 5.43%$363.96
64,600 at 5.44%$364.36
64,600 at 5.45%$364.77
64,600 at 5.46%$365.17
64,600 at 5.47%$365.58
64,600 at 5.48%$365.98
64,600 at 5.49%$366.39
64,600 at 5.5%$366.79
64,600 at 5.51%$367.20
64,600 at 5.52%$367.60
64,600 at 5.53%$368.01
64,600 at 5.54%$368.41
64,600 at 5.55%$368.82
64,600 at 5.56%$369.23
64,600 at 5.57%$369.63
64,600 at 5.58%$370.04
64,600 at 5.59%$370.45
64,600 at 5.6%$370.86
64,600 at 5.61%$371.26
64,600 at 5.62%$371.67
64,600 at 5.63%$372.08
64,600 at 5.64%$372.49
64,600 at 5.65%$372.89
64,600 at 5.66%$373.30
64,600 at 5.67%$373.71
64,600 at 5.68%$374.12
64,600 at 5.69%$374.53
64,600 at 5.7%$374.94
64,600 at 5.71%$375.35
64,600 at 5.72%$375.76
64,600 at 5.73%$376.17
64,600 at 5.74%$376.58
64,600 at 5.75%$376.99
64,600 at 5.76%$377.40
64,600 at 5.77%$377.81
64,600 at 5.78%$378.22
64,600 at 5.79%$378.63
64,600 at 5.8%$379.04
64,600 at 5.81%$379.45
64,600 at 5.82%$379.87
64,600 at 5.83%$380.28
64,600 at 5.84%$380.69
64,600 at 5.85%$381.10
64,600 at 5.86%$381.51
64,600 at 5.87%$381.93
64,600 at 5.88%$382.34
64,600 at 5.89%$382.75
64,600 at 5.9%$383.17
64,600 at 5.91%$383.58
64,600 at 5.92%$383.99
64,600 at 5.93%$384.41
64,600 at 5.94%$384.82
64,600 at 5.95%$385.24
64,600 at 5.96%$385.65
64,600 at 5.97%$386.06
64,600 at 5.98%$386.48
64,600 at 5.99%$386.89
64,600 at 6%$387.31
64,600 at 6.01%$387.73
64,600 at 6.02%$388.14
64,600 at 6.03%$388.56
64,600 at 6.04%$388.97
64,600 at 6.05%$389.39
64,600 at 6.06%$389.81
64,600 at 6.07%$390.22
64,600 at 6.08%$390.64
64,600 at 6.09%$391.06
64,600 at 6.1%$391.47
64,600 at 6.11%$391.89
64,600 at 6.12%$392.31
64,600 at 6.13%$392.73
64,600 at 6.14%$393.14
64,600 at 6.15%$393.56
64,600 at 6.16%$393.98
64,600 at 6.17%$394.40
64,600 at 6.18%$394.82
64,600 at 6.19%$395.24
64,600 at 6.2%$395.65
64,600 at 6.21%$396.07
64,600 at 6.22%$396.49
64,600 at 6.23%$396.91
64,600 at 6.24%$397.33
64,600 at 6.25%$397.75
64,600 at 6.26%$398.17
64,600 at 6.27%$398.59
64,600 at 6.28%$399.01
64,600 at 6.29%$399.44
64,600 at 6.3%$399.86
64,600 at 6.31%$400.28
64,600 at 6.32%$400.70
64,600 at 6.33%$401.12
64,600 at 6.34%$401.54
64,600 at 6.35%$401.96
64,600 at 6.36%$402.39
64,600 at 6.37%$402.81
64,600 at 6.38%$403.23
64,600 at 6.39%$403.65
64,600 at 6.4%$404.08
64,600 at 6.41%$404.50
64,600 at 6.42%$404.92
64,600 at 6.43%$405.35
64,600 at 6.44%$405.77
64,600 at 6.45%$406.19
64,600 at 6.46%$406.62
64,600 at 6.47%$407.04
64,600 at 6.48%$407.47
64,600 at 6.49%$407.89
64,600 at 6.5%$408.32
Interest Rate 30 Year
64,600 at 6.51%$408.74
64,600 at 6.52%$409.17
64,600 at 6.53%$409.59
64,600 at 6.54%$410.02
64,600 at 6.55%$410.44
64,600 at 6.56%$410.87
64,600 at 6.57%$411.29
64,600 at 6.58%$411.72
64,600 at 6.59%$412.15
64,600 at 6.6%$412.57
64,600 at 6.61%$413.00
64,600 at 6.62%$413.43
64,600 at 6.63%$413.85
64,600 at 6.64%$414.28
64,600 at 6.65%$414.71
64,600 at 6.66%$415.14
64,600 at 6.67%$415.56
64,600 at 6.68%$415.99
64,600 at 6.69%$416.42
64,600 at 6.7%$416.85
64,600 at 6.71%$417.28
64,600 at 6.72%$417.71
64,600 at 6.73%$418.14
64,600 at 6.74%$418.57
64,600 at 6.75%$418.99
64,600 at 6.76%$419.42
64,600 at 6.77%$419.85
64,600 at 6.78%$420.28
64,600 at 6.79%$420.71
64,600 at 6.8%$421.14
64,600 at 6.81%$421.57
64,600 at 6.82%$422.00
64,600 at 6.83%$422.44
64,600 at 6.84%$422.87
64,600 at 6.85%$423.30
64,600 at 6.86%$423.73
64,600 at 6.87%$424.16
64,600 at 6.88%$424.59
64,600 at 6.89%$425.02
64,600 at 6.9%$425.46
64,600 at 6.91%$425.89
64,600 at 6.92%$426.32
64,600 at 6.93%$426.75
64,600 at 6.94%$427.19
64,600 at 6.95%$427.62
64,600 at 6.96%$428.05
64,600 at 6.97%$428.48
64,600 at 6.98%$428.92
64,600 at 6.99%$429.35
64,600 at 7%$429.79
64,600 at 7.01%$430.22
64,600 at 7.02%$430.65
64,600 at 7.03%$431.09
64,600 at 7.04%$431.52
64,600 at 7.05%$431.96
64,600 at 7.06%$432.39
64,600 at 7.07%$432.83
64,600 at 7.08%$433.26
64,600 at 7.09%$433.70
64,600 at 7.1%$434.13
64,600 at 7.11%$434.57
64,600 at 7.12%$435.00
64,600 at 7.13%$435.44
64,600 at 7.14%$435.88
64,600 at 7.15%$436.31
64,600 at 7.16%$436.75
64,600 at 7.17%$437.19
64,600 at 7.18%$437.62
64,600 at 7.19%$438.06
64,600 at 7.2%$438.50
64,600 at 7.21%$438.93
64,600 at 7.22%$439.37
64,600 at 7.23%$439.81
64,600 at 7.24%$440.25
64,600 at 7.25%$440.69
64,600 at 7.26%$441.12
64,600 at 7.27%$441.56
64,600 at 7.28%$442.00
64,600 at 7.29%$442.44
64,600 at 7.3%$442.88
64,600 at 7.31%$443.32
64,600 at 7.32%$443.76
64,600 at 7.33%$444.20
64,600 at 7.34%$444.64
64,600 at 7.35%$445.08
64,600 at 7.36%$445.52
64,600 at 7.37%$445.96
64,600 at 7.38%$446.40
64,600 at 7.39%$446.84
64,600 at 7.4%$447.28
64,600 at 7.41%$447.72
64,600 at 7.42%$448.16
64,600 at 7.43%$448.60
64,600 at 7.44%$449.04
64,600 at 7.45%$449.48
64,600 at 7.46%$449.92
64,600 at 7.47%$450.37
64,600 at 7.48%$450.81
64,600 at 7.49%$451.25
64,600 at 7.5%$451.69
64,600 at 7.51%$452.14
64,600 at 7.52%$452.58
64,600 at 7.53%$453.02
64,600 at 7.54%$453.46
64,600 at 7.55%$453.91
64,600 at 7.56%$454.35
64,600 at 7.57%$454.79
64,600 at 7.58%$455.24
64,600 at 7.59%$455.68
64,600 at 7.6%$456.12
64,600 at 7.61%$456.57
64,600 at 7.62%$457.01
64,600 at 7.63%$457.46
64,600 at 7.64%$457.90
64,600 at 7.65%$458.35
64,600 at 7.66%$458.79
64,600 at 7.67%$459.24
64,600 at 7.68%$459.68
64,600 at 7.69%$460.13
64,600 at 7.7%$460.57
64,600 at 7.71%$461.02
64,600 at 7.72%$461.46
64,600 at 7.73%$461.91
64,600 at 7.74%$462.36
64,600 at 7.75%$462.80
64,600 at 7.76%$463.25
64,600 at 7.77%$463.70
64,600 at 7.78%$464.14
64,600 at 7.79%$464.59
64,600 at 7.8%$465.04
64,600 at 7.81%$465.48
64,600 at 7.82%$465.93
64,600 at 7.83%$466.38
64,600 at 7.84%$466.83
64,600 at 7.85%$467.27
64,600 at 7.86%$467.72
64,600 at 7.87%$468.17
64,600 at 7.88%$468.62
64,600 at 7.89%$469.07
64,600 at 7.9%$469.52
64,600 at 7.91%$469.97
64,600 at 7.92%$470.41
64,600 at 7.93%$470.86
64,600 at 7.94%$471.31
64,600 at 7.95%$471.76
64,600 at 7.96%$472.21
64,600 at 7.97%$472.66
64,600 at 7.98%$473.11
64,600 at 7.99%$473.56
64,600 at 8%$474.01
More Amounts
What is the down payment for a $64,600 house? How much do you need to put down?
Percent Down Down Payment
1%646
2%1,292
3%1,938
4%2,584
5%3,230
6%3,876
7%4,522
8%5,168
9%5,814
10%6,460
11%7,106
12%7,752
13%8,398
14%9,044
15%9,690
16%10,336
17%10,982
18%11,628
19%12,274
20%12,920
Percent Down Down Payment
21%13,566
22%14,212
23%14,858
24%15,504
25%16,150
26%16,796
27%17,442
28%18,088
29%18,734
30%19,380
31%20,026
32%20,672
33%21,318
34%21,964
35%22,610
36%23,256
37%23,902
38%24,548
39%25,194
40%25,840
Percent Down Down Payment
41%26,486
42%27,132
43%27,778
44%28,424
45%29,070
46%29,716
47%30,362
48%31,008
49%31,654
50%32,300
51%32,946
52%33,592
53%34,238
54%34,884
55%35,530
56%36,176
57%36,822
58%37,468
59%38,114
60%38,760
Percent Down Down Payment
61%39,406
62%40,052
63%40,698
64%41,344
65%41,990
66%42,636
67%43,282
68%43,928
69%44,574
70%45,220
71%45,866
72%46,512
73%47,158
74%47,804
75%48,450
76%49,096
77%49,742
78%50,388
79%51,034
80%51,680
Percent Down Down Payment
81%52,326
82%52,972
83%53,618
84%54,264
85%54,910
86%55,556
87%56,202
88%56,848
89%57,494
90%58,140
91%58,786
92%59,432
93%60,078
94%60,724
95%61,370
96%62,016
97%62,662
98%63,308
99%63,954
100%64,600
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.