$65,850 Mortgage for 30 Years

What is the monthly payment of a 65,850 dollar loan?
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Loan Tables for a $65,850 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 66k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $65,850 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
65,850 at 2.01%$243.72
65,850 at 2.02%$244.05
65,850 at 2.03%$244.38
65,850 at 2.04%$244.71
65,850 at 2.05%$245.04
65,850 at 2.06%$245.37
65,850 at 2.07%$245.71
65,850 at 2.08%$246.04
65,850 at 2.09%$246.37
65,850 at 2.1%$246.70
65,850 at 2.11%$247.03
65,850 at 2.12%$247.36
65,850 at 2.13%$247.70
65,850 at 2.14%$248.03
65,850 at 2.15%$248.36
65,850 at 2.16%$248.70
65,850 at 2.17%$249.03
65,850 at 2.18%$249.36
65,850 at 2.19%$249.70
65,850 at 2.2%$250.03
65,850 at 2.21%$250.37
65,850 at 2.22%$250.70
65,850 at 2.23%$251.04
65,850 at 2.24%$251.37
65,850 at 2.25%$251.71
65,850 at 2.26%$252.05
65,850 at 2.27%$252.38
65,850 at 2.28%$252.72
65,850 at 2.29%$253.05
65,850 at 2.3%$253.39
65,850 at 2.31%$253.73
65,850 at 2.32%$254.07
65,850 at 2.33%$254.40
65,850 at 2.34%$254.74
65,850 at 2.35%$255.08
65,850 at 2.36%$255.42
65,850 at 2.37%$255.76
65,850 at 2.38%$256.10
65,850 at 2.39%$256.44
65,850 at 2.4%$256.78
65,850 at 2.41%$257.12
65,850 at 2.42%$257.46
65,850 at 2.43%$257.80
65,850 at 2.44%$258.14
65,850 at 2.45%$258.48
65,850 at 2.46%$258.82
65,850 at 2.47%$259.16
65,850 at 2.48%$259.50
65,850 at 2.49%$259.84
65,850 at 2.5%$260.19
65,850 at 2.51%$260.53
65,850 at 2.52%$260.87
65,850 at 2.53%$261.22
65,850 at 2.54%$261.56
65,850 at 2.55%$261.90
65,850 at 2.56%$262.25
65,850 at 2.57%$262.59
65,850 at 2.58%$262.93
65,850 at 2.59%$263.28
65,850 at 2.6%$263.62
65,850 at 2.61%$263.97
65,850 at 2.62%$264.31
65,850 at 2.63%$264.66
65,850 at 2.64%$265.01
65,850 at 2.65%$265.35
65,850 at 2.66%$265.70
65,850 at 2.67%$266.04
65,850 at 2.68%$266.39
65,850 at 2.69%$266.74
65,850 at 2.7%$267.09
65,850 at 2.71%$267.43
65,850 at 2.72%$267.78
65,850 at 2.73%$268.13
65,850 at 2.74%$268.48
65,850 at 2.75%$268.83
65,850 at 2.76%$269.18
65,850 at 2.77%$269.52
65,850 at 2.78%$269.87
65,850 at 2.79%$270.22
65,850 at 2.8%$270.57
65,850 at 2.81%$270.92
65,850 at 2.82%$271.27
65,850 at 2.83%$271.63
65,850 at 2.84%$271.98
65,850 at 2.85%$272.33
65,850 at 2.86%$272.68
65,850 at 2.87%$273.03
65,850 at 2.88%$273.38
65,850 at 2.89%$273.73
65,850 at 2.9%$274.09
65,850 at 2.91%$274.44
65,850 at 2.92%$274.79
65,850 at 2.93%$275.15
65,850 at 2.94%$275.50
65,850 at 2.95%$275.85
65,850 at 2.96%$276.21
65,850 at 2.97%$276.56
65,850 at 2.98%$276.92
65,850 at 2.99%$277.27
65,850 at 3%$277.63
65,850 at 3.01%$277.98
65,850 at 3.02%$278.34
65,850 at 3.03%$278.69
65,850 at 3.04%$279.05
65,850 at 3.05%$279.41
65,850 at 3.06%$279.76
65,850 at 3.07%$280.12
65,850 at 3.08%$280.48
65,850 at 3.09%$280.83
65,850 at 3.1%$281.19
65,850 at 3.11%$281.55
65,850 at 3.12%$281.91
65,850 at 3.13%$282.26
65,850 at 3.14%$282.62
65,850 at 3.15%$282.98
65,850 at 3.16%$283.34
65,850 at 3.17%$283.70
65,850 at 3.18%$284.06
65,850 at 3.19%$284.42
65,850 at 3.2%$284.78
65,850 at 3.21%$285.14
65,850 at 3.22%$285.50
65,850 at 3.23%$285.86
65,850 at 3.24%$286.22
65,850 at 3.25%$286.58
65,850 at 3.26%$286.94
65,850 at 3.27%$287.31
65,850 at 3.28%$287.67
65,850 at 3.29%$288.03
65,850 at 3.3%$288.39
65,850 at 3.31%$288.76
65,850 at 3.32%$289.12
65,850 at 3.33%$289.48
65,850 at 3.34%$289.85
65,850 at 3.35%$290.21
65,850 at 3.36%$290.57
65,850 at 3.37%$290.94
65,850 at 3.38%$291.30
65,850 at 3.39%$291.67
65,850 at 3.4%$292.03
65,850 at 3.41%$292.40
65,850 at 3.42%$292.76
65,850 at 3.43%$293.13
65,850 at 3.44%$293.49
65,850 at 3.45%$293.86
65,850 at 3.46%$294.23
65,850 at 3.47%$294.59
65,850 at 3.48%$294.96
65,850 at 3.49%$295.33
65,850 at 3.5%$295.70
Interest Rate 30 Year
65,850 at 3.51%$296.06
65,850 at 3.52%$296.43
65,850 at 3.53%$296.80
65,850 at 3.54%$297.17
65,850 at 3.55%$297.54
65,850 at 3.56%$297.91
65,850 at 3.57%$298.27
65,850 at 3.58%$298.64
65,850 at 3.59%$299.01
65,850 at 3.6%$299.38
65,850 at 3.61%$299.75
65,850 at 3.62%$300.12
65,850 at 3.63%$300.50
65,850 at 3.64%$300.87
65,850 at 3.65%$301.24
65,850 at 3.66%$301.61
65,850 at 3.67%$301.98
65,850 at 3.68%$302.35
65,850 at 3.69%$302.72
65,850 at 3.7%$303.10
65,850 at 3.71%$303.47
65,850 at 3.72%$303.84
65,850 at 3.73%$304.21
65,850 at 3.74%$304.59
65,850 at 3.75%$304.96
65,850 at 3.76%$305.34
65,850 at 3.77%$305.71
65,850 at 3.78%$306.08
65,850 at 3.79%$306.46
65,850 at 3.8%$306.83
65,850 at 3.81%$307.21
65,850 at 3.82%$307.58
65,850 at 3.83%$307.96
65,850 at 3.84%$308.33
65,850 at 3.85%$308.71
65,850 at 3.86%$309.09
65,850 at 3.87%$309.46
65,850 at 3.88%$309.84
65,850 at 3.89%$310.22
65,850 at 3.9%$310.59
65,850 at 3.91%$310.97
65,850 at 3.92%$311.35
65,850 at 3.93%$311.73
65,850 at 3.94%$312.10
65,850 at 3.95%$312.48
65,850 at 3.96%$312.86
65,850 at 3.97%$313.24
65,850 at 3.98%$313.62
65,850 at 3.99%$314.00
65,850 at 4%$314.38
65,850 at 4.01%$314.76
65,850 at 4.02%$315.14
65,850 at 4.03%$315.52
65,850 at 4.04%$315.90
65,850 at 4.05%$316.28
65,850 at 4.06%$316.66
65,850 at 4.07%$317.04
65,850 at 4.08%$317.42
65,850 at 4.09%$317.80
65,850 at 4.1%$318.19
65,850 at 4.11%$318.57
65,850 at 4.12%$318.95
65,850 at 4.13%$319.33
65,850 at 4.14%$319.72
65,850 at 4.15%$320.10
65,850 at 4.16%$320.48
65,850 at 4.17%$320.87
65,850 at 4.18%$321.25
65,850 at 4.19%$321.63
65,850 at 4.2%$322.02
65,850 at 4.21%$322.40
65,850 at 4.22%$322.79
65,850 at 4.23%$323.17
65,850 at 4.24%$323.56
65,850 at 4.25%$323.94
65,850 at 4.26%$324.33
65,850 at 4.27%$324.71
65,850 at 4.28%$325.10
65,850 at 4.29%$325.49
65,850 at 4.3%$325.87
65,850 at 4.31%$326.26
65,850 at 4.32%$326.65
65,850 at 4.33%$327.03
65,850 at 4.34%$327.42
65,850 at 4.35%$327.81
65,850 at 4.36%$328.20
65,850 at 4.37%$328.59
65,850 at 4.38%$328.97
65,850 at 4.39%$329.36
65,850 at 4.4%$329.75
65,850 at 4.41%$330.14
65,850 at 4.42%$330.53
65,850 at 4.43%$330.92
65,850 at 4.44%$331.31
65,850 at 4.45%$331.70
65,850 at 4.46%$332.09
65,850 at 4.47%$332.48
65,850 at 4.48%$332.87
65,850 at 4.49%$333.26
65,850 at 4.5%$333.65
65,850 at 4.51%$334.04
65,850 at 4.52%$334.44
65,850 at 4.53%$334.83
65,850 at 4.54%$335.22
65,850 at 4.55%$335.61
65,850 at 4.56%$336.00
65,850 at 4.57%$336.40
65,850 at 4.58%$336.79
65,850 at 4.59%$337.18
65,850 at 4.6%$337.58
65,850 at 4.61%$337.97
65,850 at 4.62%$338.36
65,850 at 4.63%$338.76
65,850 at 4.64%$339.15
65,850 at 4.65%$339.55
65,850 at 4.66%$339.94
65,850 at 4.67%$340.34
65,850 at 4.68%$340.73
65,850 at 4.69%$341.13
65,850 at 4.7%$341.52
65,850 at 4.71%$341.92
65,850 at 4.72%$342.32
65,850 at 4.73%$342.71
65,850 at 4.74%$343.11
65,850 at 4.75%$343.50
65,850 at 4.76%$343.90
65,850 at 4.77%$344.30
65,850 at 4.78%$344.70
65,850 at 4.79%$345.09
65,850 at 4.8%$345.49
65,850 at 4.81%$345.89
65,850 at 4.82%$346.29
65,850 at 4.83%$346.69
65,850 at 4.84%$347.09
65,850 at 4.85%$347.49
65,850 at 4.86%$347.88
65,850 at 4.87%$348.28
65,850 at 4.88%$348.68
65,850 at 4.89%$349.08
65,850 at 4.9%$349.48
65,850 at 4.91%$349.88
65,850 at 4.92%$350.28
65,850 at 4.93%$350.69
65,850 at 4.94%$351.09
65,850 at 4.95%$351.49
65,850 at 4.96%$351.89
65,850 at 4.97%$352.29
65,850 at 4.98%$352.69
65,850 at 4.99%$353.09
65,850 at 5%$353.50
Interest Rate 30 Year
65,850 at 5.01%$353.90
65,850 at 5.02%$354.30
65,850 at 5.03%$354.71
65,850 at 5.04%$355.11
65,850 at 5.05%$355.51
65,850 at 5.06%$355.92
65,850 at 5.07%$356.32
65,850 at 5.08%$356.72
65,850 at 5.09%$357.13
65,850 at 5.1%$357.53
65,850 at 5.11%$357.94
65,850 at 5.12%$358.34
65,850 at 5.13%$358.75
65,850 at 5.14%$359.15
65,850 at 5.15%$359.56
65,850 at 5.16%$359.96
65,850 at 5.17%$360.37
65,850 at 5.18%$360.78
65,850 at 5.19%$361.18
65,850 at 5.2%$361.59
65,850 at 5.21%$362.00
65,850 at 5.22%$362.40
65,850 at 5.23%$362.81
65,850 at 5.24%$363.22
65,850 at 5.25%$363.63
65,850 at 5.26%$364.03
65,850 at 5.27%$364.44
65,850 at 5.28%$364.85
65,850 at 5.29%$365.26
65,850 at 5.3%$365.67
65,850 at 5.31%$366.08
65,850 at 5.32%$366.49
65,850 at 5.33%$366.90
65,850 at 5.34%$367.31
65,850 at 5.35%$367.72
65,850 at 5.36%$368.13
65,850 at 5.37%$368.54
65,850 at 5.38%$368.95
65,850 at 5.39%$369.36
65,850 at 5.4%$369.77
65,850 at 5.41%$370.18
65,850 at 5.42%$370.59
65,850 at 5.43%$371.00
65,850 at 5.44%$371.41
65,850 at 5.45%$371.83
65,850 at 5.46%$372.24
65,850 at 5.47%$372.65
65,850 at 5.48%$373.06
65,850 at 5.49%$373.48
65,850 at 5.5%$373.89
65,850 at 5.51%$374.30
65,850 at 5.52%$374.72
65,850 at 5.53%$375.13
65,850 at 5.54%$375.54
65,850 at 5.55%$375.96
65,850 at 5.56%$376.37
65,850 at 5.57%$376.79
65,850 at 5.58%$377.20
65,850 at 5.59%$377.62
65,850 at 5.6%$378.03
65,850 at 5.61%$378.45
65,850 at 5.62%$378.86
65,850 at 5.63%$379.28
65,850 at 5.64%$379.69
65,850 at 5.65%$380.11
65,850 at 5.66%$380.53
65,850 at 5.67%$380.94
65,850 at 5.68%$381.36
65,850 at 5.69%$381.78
65,850 at 5.7%$382.19
65,850 at 5.71%$382.61
65,850 at 5.72%$383.03
65,850 at 5.73%$383.45
65,850 at 5.74%$383.86
65,850 at 5.75%$384.28
65,850 at 5.76%$384.70
65,850 at 5.77%$385.12
65,850 at 5.78%$385.54
65,850 at 5.79%$385.96
65,850 at 5.8%$386.38
65,850 at 5.81%$386.80
65,850 at 5.82%$387.22
65,850 at 5.83%$387.64
65,850 at 5.84%$388.06
65,850 at 5.85%$388.48
65,850 at 5.86%$388.90
65,850 at 5.87%$389.32
65,850 at 5.88%$389.74
65,850 at 5.89%$390.16
65,850 at 5.9%$390.58
65,850 at 5.91%$391.00
65,850 at 5.92%$391.42
65,850 at 5.93%$391.85
65,850 at 5.94%$392.27
65,850 at 5.95%$392.69
65,850 at 5.96%$393.11
65,850 at 5.97%$393.53
65,850 at 5.98%$393.96
65,850 at 5.99%$394.38
65,850 at 6%$394.80
65,850 at 6.01%$395.23
65,850 at 6.02%$395.65
65,850 at 6.03%$396.08
65,850 at 6.04%$396.50
65,850 at 6.05%$396.92
65,850 at 6.06%$397.35
65,850 at 6.07%$397.77
65,850 at 6.08%$398.20
65,850 at 6.09%$398.62
65,850 at 6.1%$399.05
65,850 at 6.11%$399.47
65,850 at 6.12%$399.90
65,850 at 6.13%$400.32
65,850 at 6.14%$400.75
65,850 at 6.15%$401.18
65,850 at 6.16%$401.60
65,850 at 6.17%$402.03
65,850 at 6.18%$402.46
65,850 at 6.19%$402.88
65,850 at 6.2%$403.31
65,850 at 6.21%$403.74
65,850 at 6.22%$404.17
65,850 at 6.23%$404.59
65,850 at 6.24%$405.02
65,850 at 6.25%$405.45
65,850 at 6.26%$405.88
65,850 at 6.27%$406.31
65,850 at 6.28%$406.74
65,850 at 6.29%$407.16
65,850 at 6.3%$407.59
65,850 at 6.31%$408.02
65,850 at 6.32%$408.45
65,850 at 6.33%$408.88
65,850 at 6.34%$409.31
65,850 at 6.35%$409.74
65,850 at 6.36%$410.17
65,850 at 6.37%$410.60
65,850 at 6.38%$411.03
65,850 at 6.39%$411.46
65,850 at 6.4%$411.90
65,850 at 6.41%$412.33
65,850 at 6.42%$412.76
65,850 at 6.43%$413.19
65,850 at 6.44%$413.62
65,850 at 6.45%$414.05
65,850 at 6.46%$414.49
65,850 at 6.47%$414.92
65,850 at 6.48%$415.35
65,850 at 6.49%$415.78
65,850 at 6.5%$416.22
Interest Rate 30 Year
65,850 at 6.51%$416.65
65,850 at 6.52%$417.08
65,850 at 6.53%$417.52
65,850 at 6.54%$417.95
65,850 at 6.55%$418.38
65,850 at 6.56%$418.82
65,850 at 6.57%$419.25
65,850 at 6.58%$419.69
65,850 at 6.59%$420.12
65,850 at 6.6%$420.56
65,850 at 6.61%$420.99
65,850 at 6.62%$421.43
65,850 at 6.63%$421.86
65,850 at 6.64%$422.30
65,850 at 6.65%$422.73
65,850 at 6.66%$423.17
65,850 at 6.67%$423.61
65,850 at 6.68%$424.04
65,850 at 6.69%$424.48
65,850 at 6.7%$424.92
65,850 at 6.71%$425.35
65,850 at 6.72%$425.79
65,850 at 6.73%$426.23
65,850 at 6.74%$426.66
65,850 at 6.75%$427.10
65,850 at 6.76%$427.54
65,850 at 6.77%$427.98
65,850 at 6.78%$428.42
65,850 at 6.79%$428.85
65,850 at 6.8%$429.29
65,850 at 6.81%$429.73
65,850 at 6.82%$430.17
65,850 at 6.83%$430.61
65,850 at 6.84%$431.05
65,850 at 6.85%$431.49
65,850 at 6.86%$431.93
65,850 at 6.87%$432.37
65,850 at 6.88%$432.81
65,850 at 6.89%$433.25
65,850 at 6.9%$433.69
65,850 at 6.91%$434.13
65,850 at 6.92%$434.57
65,850 at 6.93%$435.01
65,850 at 6.94%$435.45
65,850 at 6.95%$435.89
65,850 at 6.96%$436.33
65,850 at 6.97%$436.78
65,850 at 6.98%$437.22
65,850 at 6.99%$437.66
65,850 at 7%$438.10
65,850 at 7.01%$438.54
65,850 at 7.02%$438.99
65,850 at 7.03%$439.43
65,850 at 7.04%$439.87
65,850 at 7.05%$440.32
65,850 at 7.06%$440.76
65,850 at 7.07%$441.20
65,850 at 7.08%$441.65
65,850 at 7.09%$442.09
65,850 at 7.1%$442.53
65,850 at 7.11%$442.98
65,850 at 7.12%$443.42
65,850 at 7.13%$443.87
65,850 at 7.14%$444.31
65,850 at 7.15%$444.76
65,850 at 7.16%$445.20
65,850 at 7.17%$445.65
65,850 at 7.18%$446.09
65,850 at 7.19%$446.54
65,850 at 7.2%$446.98
65,850 at 7.21%$447.43
65,850 at 7.22%$447.87
65,850 at 7.23%$448.32
65,850 at 7.24%$448.77
65,850 at 7.25%$449.21
65,850 at 7.26%$449.66
65,850 at 7.27%$450.11
65,850 at 7.28%$450.55
65,850 at 7.29%$451.00
65,850 at 7.3%$451.45
65,850 at 7.31%$451.90
65,850 at 7.32%$452.34
65,850 at 7.33%$452.79
65,850 at 7.34%$453.24
65,850 at 7.35%$453.69
65,850 at 7.36%$454.14
65,850 at 7.37%$454.59
65,850 at 7.38%$455.03
65,850 at 7.39%$455.48
65,850 at 7.4%$455.93
65,850 at 7.41%$456.38
65,850 at 7.42%$456.83
65,850 at 7.43%$457.28
65,850 at 7.44%$457.73
65,850 at 7.45%$458.18
65,850 at 7.46%$458.63
65,850 at 7.47%$459.08
65,850 at 7.48%$459.53
65,850 at 7.49%$459.98
65,850 at 7.5%$460.43
65,850 at 7.51%$460.88
65,850 at 7.52%$461.33
65,850 at 7.53%$461.79
65,850 at 7.54%$462.24
65,850 at 7.55%$462.69
65,850 at 7.56%$463.14
65,850 at 7.57%$463.59
65,850 at 7.58%$464.05
65,850 at 7.59%$464.50
65,850 at 7.6%$464.95
65,850 at 7.61%$465.40
65,850 at 7.62%$465.86
65,850 at 7.63%$466.31
65,850 at 7.64%$466.76
65,850 at 7.65%$467.22
65,850 at 7.66%$467.67
65,850 at 7.67%$468.12
65,850 at 7.68%$468.58
65,850 at 7.69%$469.03
65,850 at 7.7%$469.48
65,850 at 7.71%$469.94
65,850 at 7.72%$470.39
65,850 at 7.73%$470.85
65,850 at 7.74%$471.30
65,850 at 7.75%$471.76
65,850 at 7.76%$472.21
65,850 at 7.77%$472.67
65,850 at 7.78%$473.12
65,850 at 7.79%$473.58
65,850 at 7.8%$474.03
65,850 at 7.81%$474.49
65,850 at 7.82%$474.95
65,850 at 7.83%$475.40
65,850 at 7.84%$475.86
65,850 at 7.85%$476.32
65,850 at 7.86%$476.77
65,850 at 7.87%$477.23
65,850 at 7.88%$477.69
65,850 at 7.89%$478.14
65,850 at 7.9%$478.60
65,850 at 7.91%$479.06
65,850 at 7.92%$479.52
65,850 at 7.93%$479.97
65,850 at 7.94%$480.43
65,850 at 7.95%$480.89
65,850 at 7.96%$481.35
65,850 at 7.97%$481.81
65,850 at 7.98%$482.27
65,850 at 7.99%$482.72
65,850 at 8%$483.18
More Amounts
What is the down payment for a $65,850 house? How much do you need to put down?
Percent Down Down Payment
1%659
2%1,317
3%1,976
4%2,634
5%3,293
6%3,951
7%4,610
8%5,268
9%5,927
10%6,585
11%7,244
12%7,902
13%8,561
14%9,219
15%9,878
16%10,536
17%11,195
18%11,853
19%12,512
20%13,170
Percent Down Down Payment
21%13,829
22%14,487
23%15,146
24%15,804
25%16,463
26%17,121
27%17,780
28%18,438
29%19,097
30%19,755
31%20,414
32%21,072
33%21,731
34%22,389
35%23,048
36%23,706
37%24,365
38%25,023
39%25,682
40%26,340
Percent Down Down Payment
41%26,999
42%27,657
43%28,316
44%28,974
45%29,633
46%30,291
47%30,950
48%31,608
49%32,267
50%32,925
51%33,584
52%34,242
53%34,901
54%35,559
55%36,218
56%36,876
57%37,535
58%38,193
59%38,852
60%39,510
Percent Down Down Payment
61%40,169
62%40,827
63%41,486
64%42,144
65%42,803
66%43,461
67%44,120
68%44,778
69%45,437
70%46,095
71%46,754
72%47,412
73%48,071
74%48,729
75%49,388
76%50,046
77%50,705
78%51,363
79%52,022
80%52,680
Percent Down Down Payment
81%53,339
82%53,997
83%54,656
84%55,314
85%55,973
86%56,631
87%57,290
88%57,948
89%58,607
90%59,265
91%59,924
92%60,582
93%61,241
94%61,899
95%62,558
96%63,216
97%63,875
98%64,533
99%65,192
100%65,850
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.