$64,750 Mortgage for 30 Years

What is the monthly payment of a 64,750 dollar loan?
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Loan Tables for a $64,750 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 $64,750 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
64,750 at 2.01%$239.65
64,750 at 2.02%$239.98
64,750 at 2.03%$240.30
64,750 at 2.04%$240.63
64,750 at 2.05%$240.95
64,750 at 2.06%$241.28
64,750 at 2.07%$241.60
64,750 at 2.08%$241.93
64,750 at 2.09%$242.25
64,750 at 2.1%$242.58
64,750 at 2.11%$242.91
64,750 at 2.12%$243.23
64,750 at 2.13%$243.56
64,750 at 2.14%$243.89
64,750 at 2.15%$244.21
64,750 at 2.16%$244.54
64,750 at 2.17%$244.87
64,750 at 2.18%$245.20
64,750 at 2.19%$245.53
64,750 at 2.2%$245.86
64,750 at 2.21%$246.19
64,750 at 2.22%$246.51
64,750 at 2.23%$246.84
64,750 at 2.24%$247.17
64,750 at 2.25%$247.50
64,750 at 2.26%$247.83
64,750 at 2.27%$248.17
64,750 at 2.28%$248.50
64,750 at 2.29%$248.83
64,750 at 2.3%$249.16
64,750 at 2.31%$249.49
64,750 at 2.32%$249.82
64,750 at 2.33%$250.15
64,750 at 2.34%$250.49
64,750 at 2.35%$250.82
64,750 at 2.36%$251.15
64,750 at 2.37%$251.49
64,750 at 2.38%$251.82
64,750 at 2.39%$252.15
64,750 at 2.4%$252.49
64,750 at 2.41%$252.82
64,750 at 2.42%$253.16
64,750 at 2.43%$253.49
64,750 at 2.44%$253.83
64,750 at 2.45%$254.16
64,750 at 2.46%$254.50
64,750 at 2.47%$254.83
64,750 at 2.48%$255.17
64,750 at 2.49%$255.50
64,750 at 2.5%$255.84
64,750 at 2.51%$256.18
64,750 at 2.52%$256.51
64,750 at 2.53%$256.85
64,750 at 2.54%$257.19
64,750 at 2.55%$257.53
64,750 at 2.56%$257.87
64,750 at 2.57%$258.20
64,750 at 2.58%$258.54
64,750 at 2.59%$258.88
64,750 at 2.6%$259.22
64,750 at 2.61%$259.56
64,750 at 2.62%$259.90
64,750 at 2.63%$260.24
64,750 at 2.64%$260.58
64,750 at 2.65%$260.92
64,750 at 2.66%$261.26
64,750 at 2.67%$261.60
64,750 at 2.68%$261.94
64,750 at 2.69%$262.28
64,750 at 2.7%$262.62
64,750 at 2.71%$262.97
64,750 at 2.72%$263.31
64,750 at 2.73%$263.65
64,750 at 2.74%$263.99
64,750 at 2.75%$264.34
64,750 at 2.76%$264.68
64,750 at 2.77%$265.02
64,750 at 2.78%$265.37
64,750 at 2.79%$265.71
64,750 at 2.8%$266.05
64,750 at 2.81%$266.40
64,750 at 2.82%$266.74
64,750 at 2.83%$267.09
64,750 at 2.84%$267.43
64,750 at 2.85%$267.78
64,750 at 2.86%$268.12
64,750 at 2.87%$268.47
64,750 at 2.88%$268.82
64,750 at 2.89%$269.16
64,750 at 2.9%$269.51
64,750 at 2.91%$269.86
64,750 at 2.92%$270.20
64,750 at 2.93%$270.55
64,750 at 2.94%$270.90
64,750 at 2.95%$271.25
64,750 at 2.96%$271.59
64,750 at 2.97%$271.94
64,750 at 2.98%$272.29
64,750 at 2.99%$272.64
64,750 at 3%$272.99
64,750 at 3.01%$273.34
64,750 at 3.02%$273.69
64,750 at 3.03%$274.04
64,750 at 3.04%$274.39
64,750 at 3.05%$274.74
64,750 at 3.06%$275.09
64,750 at 3.07%$275.44
64,750 at 3.08%$275.79
64,750 at 3.09%$276.14
64,750 at 3.1%$276.49
64,750 at 3.11%$276.84
64,750 at 3.12%$277.20
64,750 at 3.13%$277.55
64,750 at 3.14%$277.90
64,750 at 3.15%$278.25
64,750 at 3.16%$278.61
64,750 at 3.17%$278.96
64,750 at 3.18%$279.31
64,750 at 3.19%$279.67
64,750 at 3.2%$280.02
64,750 at 3.21%$280.38
64,750 at 3.22%$280.73
64,750 at 3.23%$281.09
64,750 at 3.24%$281.44
64,750 at 3.25%$281.80
64,750 at 3.26%$282.15
64,750 at 3.27%$282.51
64,750 at 3.28%$282.86
64,750 at 3.29%$283.22
64,750 at 3.3%$283.58
64,750 at 3.31%$283.93
64,750 at 3.32%$284.29
64,750 at 3.33%$284.65
64,750 at 3.34%$285.00
64,750 at 3.35%$285.36
64,750 at 3.36%$285.72
64,750 at 3.37%$286.08
64,750 at 3.38%$286.44
64,750 at 3.39%$286.80
64,750 at 3.4%$287.15
64,750 at 3.41%$287.51
64,750 at 3.42%$287.87
64,750 at 3.43%$288.23
64,750 at 3.44%$288.59
64,750 at 3.45%$288.95
64,750 at 3.46%$289.31
64,750 at 3.47%$289.67
64,750 at 3.48%$290.03
64,750 at 3.49%$290.40
64,750 at 3.5%$290.76
Interest Rate 30 Year
64,750 at 3.51%$291.12
64,750 at 3.52%$291.48
64,750 at 3.53%$291.84
64,750 at 3.54%$292.20
64,750 at 3.55%$292.57
64,750 at 3.56%$292.93
64,750 at 3.57%$293.29
64,750 at 3.58%$293.66
64,750 at 3.59%$294.02
64,750 at 3.6%$294.38
64,750 at 3.61%$294.75
64,750 at 3.62%$295.11
64,750 at 3.63%$295.48
64,750 at 3.64%$295.84
64,750 at 3.65%$296.21
64,750 at 3.66%$296.57
64,750 at 3.67%$296.94
64,750 at 3.68%$297.30
64,750 at 3.69%$297.67
64,750 at 3.7%$298.03
64,750 at 3.71%$298.40
64,750 at 3.72%$298.77
64,750 at 3.73%$299.13
64,750 at 3.74%$299.50
64,750 at 3.75%$299.87
64,750 at 3.76%$300.23
64,750 at 3.77%$300.60
64,750 at 3.78%$300.97
64,750 at 3.79%$301.34
64,750 at 3.8%$301.71
64,750 at 3.81%$302.08
64,750 at 3.82%$302.45
64,750 at 3.83%$302.81
64,750 at 3.84%$303.18
64,750 at 3.85%$303.55
64,750 at 3.86%$303.92
64,750 at 3.87%$304.29
64,750 at 3.88%$304.66
64,750 at 3.89%$305.03
64,750 at 3.9%$305.41
64,750 at 3.91%$305.78
64,750 at 3.92%$306.15
64,750 at 3.93%$306.52
64,750 at 3.94%$306.89
64,750 at 3.95%$307.26
64,750 at 3.96%$307.64
64,750 at 3.97%$308.01
64,750 at 3.98%$308.38
64,750 at 3.99%$308.75
64,750 at 4%$309.13
64,750 at 4.01%$309.50
64,750 at 4.02%$309.87
64,750 at 4.03%$310.25
64,750 at 4.04%$310.62
64,750 at 4.05%$311.00
64,750 at 4.06%$311.37
64,750 at 4.07%$311.75
64,750 at 4.08%$312.12
64,750 at 4.09%$312.50
64,750 at 4.1%$312.87
64,750 at 4.11%$313.25
64,750 at 4.12%$313.62
64,750 at 4.13%$314.00
64,750 at 4.14%$314.38
64,750 at 4.15%$314.75
64,750 at 4.16%$315.13
64,750 at 4.17%$315.51
64,750 at 4.18%$315.88
64,750 at 4.19%$316.26
64,750 at 4.2%$316.64
64,750 at 4.21%$317.02
64,750 at 4.22%$317.39
64,750 at 4.23%$317.77
64,750 at 4.24%$318.15
64,750 at 4.25%$318.53
64,750 at 4.26%$318.91
64,750 at 4.27%$319.29
64,750 at 4.28%$319.67
64,750 at 4.29%$320.05
64,750 at 4.3%$320.43
64,750 at 4.31%$320.81
64,750 at 4.32%$321.19
64,750 at 4.33%$321.57
64,750 at 4.34%$321.95
64,750 at 4.35%$322.33
64,750 at 4.36%$322.71
64,750 at 4.37%$323.10
64,750 at 4.38%$323.48
64,750 at 4.39%$323.86
64,750 at 4.4%$324.24
64,750 at 4.41%$324.63
64,750 at 4.42%$325.01
64,750 at 4.43%$325.39
64,750 at 4.44%$325.77
64,750 at 4.45%$326.16
64,750 at 4.46%$326.54
64,750 at 4.47%$326.93
64,750 at 4.48%$327.31
64,750 at 4.49%$327.69
64,750 at 4.5%$328.08
64,750 at 4.51%$328.46
64,750 at 4.52%$328.85
64,750 at 4.53%$329.23
64,750 at 4.54%$329.62
64,750 at 4.55%$330.01
64,750 at 4.56%$330.39
64,750 at 4.57%$330.78
64,750 at 4.58%$331.16
64,750 at 4.59%$331.55
64,750 at 4.6%$331.94
64,750 at 4.61%$332.32
64,750 at 4.62%$332.71
64,750 at 4.63%$333.10
64,750 at 4.64%$333.49
64,750 at 4.65%$333.87
64,750 at 4.66%$334.26
64,750 at 4.67%$334.65
64,750 at 4.68%$335.04
64,750 at 4.69%$335.43
64,750 at 4.7%$335.82
64,750 at 4.71%$336.21
64,750 at 4.72%$336.60
64,750 at 4.73%$336.99
64,750 at 4.74%$337.38
64,750 at 4.75%$337.77
64,750 at 4.76%$338.16
64,750 at 4.77%$338.55
64,750 at 4.78%$338.94
64,750 at 4.79%$339.33
64,750 at 4.8%$339.72
64,750 at 4.81%$340.11
64,750 at 4.82%$340.50
64,750 at 4.83%$340.90
64,750 at 4.84%$341.29
64,750 at 4.85%$341.68
64,750 at 4.86%$342.07
64,750 at 4.87%$342.47
64,750 at 4.88%$342.86
64,750 at 4.89%$343.25
64,750 at 4.9%$343.65
64,750 at 4.91%$344.04
64,750 at 4.92%$344.43
64,750 at 4.93%$344.83
64,750 at 4.94%$345.22
64,750 at 4.95%$345.62
64,750 at 4.96%$346.01
64,750 at 4.97%$346.41
64,750 at 4.98%$346.80
64,750 at 4.99%$347.20
64,750 at 5%$347.59
Interest Rate 30 Year
64,750 at 5.01%$347.99
64,750 at 5.02%$348.38
64,750 at 5.03%$348.78
64,750 at 5.04%$349.18
64,750 at 5.05%$349.57
64,750 at 5.06%$349.97
64,750 at 5.07%$350.37
64,750 at 5.08%$350.76
64,750 at 5.09%$351.16
64,750 at 5.1%$351.56
64,750 at 5.11%$351.96
64,750 at 5.12%$352.36
64,750 at 5.13%$352.75
64,750 at 5.14%$353.15
64,750 at 5.15%$353.55
64,750 at 5.16%$353.95
64,750 at 5.17%$354.35
64,750 at 5.18%$354.75
64,750 at 5.19%$355.15
64,750 at 5.2%$355.55
64,750 at 5.21%$355.95
64,750 at 5.22%$356.35
64,750 at 5.23%$356.75
64,750 at 5.24%$357.15
64,750 at 5.25%$357.55
64,750 at 5.26%$357.95
64,750 at 5.27%$358.35
64,750 at 5.28%$358.76
64,750 at 5.29%$359.16
64,750 at 5.3%$359.56
64,750 at 5.31%$359.96
64,750 at 5.32%$360.36
64,750 at 5.33%$360.77
64,750 at 5.34%$361.17
64,750 at 5.35%$361.57
64,750 at 5.36%$361.98
64,750 at 5.37%$362.38
64,750 at 5.38%$362.78
64,750 at 5.39%$363.19
64,750 at 5.4%$363.59
64,750 at 5.41%$364.00
64,750 at 5.42%$364.40
64,750 at 5.43%$364.80
64,750 at 5.44%$365.21
64,750 at 5.45%$365.61
64,750 at 5.46%$366.02
64,750 at 5.47%$366.43
64,750 at 5.48%$366.83
64,750 at 5.49%$367.24
64,750 at 5.5%$367.64
64,750 at 5.51%$368.05
64,750 at 5.52%$368.46
64,750 at 5.53%$368.86
64,750 at 5.54%$369.27
64,750 at 5.55%$369.68
64,750 at 5.56%$370.08
64,750 at 5.57%$370.49
64,750 at 5.58%$370.90
64,750 at 5.59%$371.31
64,750 at 5.6%$371.72
64,750 at 5.61%$372.12
64,750 at 5.62%$372.53
64,750 at 5.63%$372.94
64,750 at 5.64%$373.35
64,750 at 5.65%$373.76
64,750 at 5.66%$374.17
64,750 at 5.67%$374.58
64,750 at 5.68%$374.99
64,750 at 5.69%$375.40
64,750 at 5.7%$375.81
64,750 at 5.71%$376.22
64,750 at 5.72%$376.63
64,750 at 5.73%$377.04
64,750 at 5.74%$377.45
64,750 at 5.75%$377.86
64,750 at 5.76%$378.27
64,750 at 5.77%$378.69
64,750 at 5.78%$379.10
64,750 at 5.79%$379.51
64,750 at 5.8%$379.92
64,750 at 5.81%$380.34
64,750 at 5.82%$380.75
64,750 at 5.83%$381.16
64,750 at 5.84%$381.57
64,750 at 5.85%$381.99
64,750 at 5.86%$382.40
64,750 at 5.87%$382.81
64,750 at 5.88%$383.23
64,750 at 5.89%$383.64
64,750 at 5.9%$384.06
64,750 at 5.91%$384.47
64,750 at 5.92%$384.88
64,750 at 5.93%$385.30
64,750 at 5.94%$385.71
64,750 at 5.95%$386.13
64,750 at 5.96%$386.55
64,750 at 5.97%$386.96
64,750 at 5.98%$387.38
64,750 at 5.99%$387.79
64,750 at 6%$388.21
64,750 at 6.01%$388.63
64,750 at 6.02%$389.04
64,750 at 6.03%$389.46
64,750 at 6.04%$389.88
64,750 at 6.05%$390.29
64,750 at 6.06%$390.71
64,750 at 6.07%$391.13
64,750 at 6.08%$391.55
64,750 at 6.09%$391.96
64,750 at 6.1%$392.38
64,750 at 6.11%$392.80
64,750 at 6.12%$393.22
64,750 at 6.13%$393.64
64,750 at 6.14%$394.06
64,750 at 6.15%$394.48
64,750 at 6.16%$394.89
64,750 at 6.17%$395.31
64,750 at 6.18%$395.73
64,750 at 6.19%$396.15
64,750 at 6.2%$396.57
64,750 at 6.21%$396.99
64,750 at 6.22%$397.41
64,750 at 6.23%$397.84
64,750 at 6.24%$398.26
64,750 at 6.25%$398.68
64,750 at 6.26%$399.10
64,750 at 6.27%$399.52
64,750 at 6.28%$399.94
64,750 at 6.29%$400.36
64,750 at 6.3%$400.78
64,750 at 6.31%$401.21
64,750 at 6.32%$401.63
64,750 at 6.33%$402.05
64,750 at 6.34%$402.47
64,750 at 6.35%$402.90
64,750 at 6.36%$403.32
64,750 at 6.37%$403.74
64,750 at 6.38%$404.17
64,750 at 6.39%$404.59
64,750 at 6.4%$405.02
64,750 at 6.41%$405.44
64,750 at 6.42%$405.86
64,750 at 6.43%$406.29
64,750 at 6.44%$406.71
64,750 at 6.45%$407.14
64,750 at 6.46%$407.56
64,750 at 6.47%$407.99
64,750 at 6.48%$408.41
64,750 at 6.49%$408.84
64,750 at 6.5%$409.26
Interest Rate 30 Year
64,750 at 6.51%$409.69
64,750 at 6.52%$410.12
64,750 at 6.53%$410.54
64,750 at 6.54%$410.97
64,750 at 6.55%$411.40
64,750 at 6.56%$411.82
64,750 at 6.57%$412.25
64,750 at 6.58%$412.68
64,750 at 6.59%$413.10
64,750 at 6.6%$413.53
64,750 at 6.61%$413.96
64,750 at 6.62%$414.39
64,750 at 6.63%$414.82
64,750 at 6.64%$415.24
64,750 at 6.65%$415.67
64,750 at 6.66%$416.10
64,750 at 6.67%$416.53
64,750 at 6.68%$416.96
64,750 at 6.69%$417.39
64,750 at 6.7%$417.82
64,750 at 6.71%$418.25
64,750 at 6.72%$418.68
64,750 at 6.73%$419.11
64,750 at 6.74%$419.54
64,750 at 6.75%$419.97
64,750 at 6.76%$420.40
64,750 at 6.77%$420.83
64,750 at 6.78%$421.26
64,750 at 6.79%$421.69
64,750 at 6.8%$422.12
64,750 at 6.81%$422.55
64,750 at 6.82%$422.98
64,750 at 6.83%$423.42
64,750 at 6.84%$423.85
64,750 at 6.85%$424.28
64,750 at 6.86%$424.71
64,750 at 6.87%$425.15
64,750 at 6.88%$425.58
64,750 at 6.89%$426.01
64,750 at 6.9%$426.44
64,750 at 6.91%$426.88
64,750 at 6.92%$427.31
64,750 at 6.93%$427.74
64,750 at 6.94%$428.18
64,750 at 6.95%$428.61
64,750 at 6.96%$429.05
64,750 at 6.97%$429.48
64,750 at 6.98%$429.91
64,750 at 6.99%$430.35
64,750 at 7%$430.78
64,750 at 7.01%$431.22
64,750 at 7.02%$431.65
64,750 at 7.03%$432.09
64,750 at 7.04%$432.52
64,750 at 7.05%$432.96
64,750 at 7.06%$433.40
64,750 at 7.07%$433.83
64,750 at 7.08%$434.27
64,750 at 7.09%$434.70
64,750 at 7.1%$435.14
64,750 at 7.11%$435.58
64,750 at 7.12%$436.01
64,750 at 7.13%$436.45
64,750 at 7.14%$436.89
64,750 at 7.15%$437.33
64,750 at 7.16%$437.76
64,750 at 7.17%$438.20
64,750 at 7.18%$438.64
64,750 at 7.19%$439.08
64,750 at 7.2%$439.52
64,750 at 7.21%$439.95
64,750 at 7.22%$440.39
64,750 at 7.23%$440.83
64,750 at 7.24%$441.27
64,750 at 7.25%$441.71
64,750 at 7.26%$442.15
64,750 at 7.27%$442.59
64,750 at 7.28%$443.03
64,750 at 7.29%$443.47
64,750 at 7.3%$443.91
64,750 at 7.31%$444.35
64,750 at 7.32%$444.79
64,750 at 7.33%$445.23
64,750 at 7.34%$445.67
64,750 at 7.35%$446.11
64,750 at 7.36%$446.55
64,750 at 7.37%$446.99
64,750 at 7.38%$447.43
64,750 at 7.39%$447.87
64,750 at 7.4%$448.32
64,750 at 7.41%$448.76
64,750 at 7.42%$449.20
64,750 at 7.43%$449.64
64,750 at 7.44%$450.08
64,750 at 7.45%$450.53
64,750 at 7.46%$450.97
64,750 at 7.47%$451.41
64,750 at 7.48%$451.85
64,750 at 7.49%$452.30
64,750 at 7.5%$452.74
64,750 at 7.51%$453.18
64,750 at 7.52%$453.63
64,750 at 7.53%$454.07
64,750 at 7.54%$454.52
64,750 at 7.55%$454.96
64,750 at 7.56%$455.40
64,750 at 7.57%$455.85
64,750 at 7.58%$456.29
64,750 at 7.59%$456.74
64,750 at 7.6%$457.18
64,750 at 7.61%$457.63
64,750 at 7.62%$458.07
64,750 at 7.63%$458.52
64,750 at 7.64%$458.96
64,750 at 7.65%$459.41
64,750 at 7.66%$459.86
64,750 at 7.67%$460.30
64,750 at 7.68%$460.75
64,750 at 7.69%$461.20
64,750 at 7.7%$461.64
64,750 at 7.71%$462.09
64,750 at 7.72%$462.54
64,750 at 7.73%$462.98
64,750 at 7.74%$463.43
64,750 at 7.75%$463.88
64,750 at 7.76%$464.32
64,750 at 7.77%$464.77
64,750 at 7.78%$465.22
64,750 at 7.79%$465.67
64,750 at 7.8%$466.12
64,750 at 7.81%$466.56
64,750 at 7.82%$467.01
64,750 at 7.83%$467.46
64,750 at 7.84%$467.91
64,750 at 7.85%$468.36
64,750 at 7.86%$468.81
64,750 at 7.87%$469.26
64,750 at 7.88%$469.71
64,750 at 7.89%$470.16
64,750 at 7.9%$470.61
64,750 at 7.91%$471.06
64,750 at 7.92%$471.51
64,750 at 7.93%$471.96
64,750 at 7.94%$472.41
64,750 at 7.95%$472.86
64,750 at 7.96%$473.31
64,750 at 7.97%$473.76
64,750 at 7.98%$474.21
64,750 at 7.99%$474.66
64,750 at 8%$475.11
More Amounts
What is the down payment for a $64,750 house? How much do you need to put down?
Percent Down Down Payment
1%648
2%1,295
3%1,943
4%2,590
5%3,238
6%3,885
7%4,533
8%5,180
9%5,828
10%6,475
11%7,123
12%7,770
13%8,418
14%9,065
15%9,713
16%10,360
17%11,008
18%11,655
19%12,303
20%12,950
Percent Down Down Payment
21%13,598
22%14,245
23%14,893
24%15,540
25%16,188
26%16,835
27%17,483
28%18,130
29%18,778
30%19,425
31%20,073
32%20,720
33%21,368
34%22,015
35%22,663
36%23,310
37%23,958
38%24,605
39%25,253
40%25,900
Percent Down Down Payment
41%26,548
42%27,195
43%27,843
44%28,490
45%29,138
46%29,785
47%30,433
48%31,080
49%31,728
50%32,375
51%33,023
52%33,670
53%34,318
54%34,965
55%35,613
56%36,260
57%36,908
58%37,555
59%38,203
60%38,850
Percent Down Down Payment
61%39,498
62%40,145
63%40,793
64%41,440
65%42,088
66%42,735
67%43,383
68%44,030
69%44,678
70%45,325
71%45,973
72%46,620
73%47,268
74%47,915
75%48,563
76%49,210
77%49,858
78%50,505
79%51,153
80%51,800
Percent Down Down Payment
81%52,448
82%53,095
83%53,743
84%54,390
85%55,038
86%55,685
87%56,333
88%56,980
89%57,628
90%58,275
91%58,923
92%59,570
93%60,218
94%60,865
95%61,513
96%62,160
97%62,808
98%63,455
99%64,103
100%64,750
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.