$74,350 Mortgage for 30 Years

What is the monthly payment of a 74,350 dollar loan?
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Loan Tables for a $74,350 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 74k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $74,350 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
74,350 at 2.01%$275.18
74,350 at 2.02%$275.56
74,350 at 2.03%$275.93
74,350 at 2.04%$276.30
74,350 at 2.05%$276.67
74,350 at 2.06%$277.05
74,350 at 2.07%$277.42
74,350 at 2.08%$277.80
74,350 at 2.09%$278.17
74,350 at 2.1%$278.54
74,350 at 2.11%$278.92
74,350 at 2.12%$279.30
74,350 at 2.13%$279.67
74,350 at 2.14%$280.05
74,350 at 2.15%$280.42
74,350 at 2.16%$280.80
74,350 at 2.17%$281.18
74,350 at 2.18%$281.55
74,350 at 2.19%$281.93
74,350 at 2.2%$282.31
74,350 at 2.21%$282.69
74,350 at 2.22%$283.06
74,350 at 2.23%$283.44
74,350 at 2.24%$283.82
74,350 at 2.25%$284.20
74,350 at 2.26%$284.58
74,350 at 2.27%$284.96
74,350 at 2.28%$285.34
74,350 at 2.29%$285.72
74,350 at 2.3%$286.10
74,350 at 2.31%$286.48
74,350 at 2.32%$286.86
74,350 at 2.33%$287.24
74,350 at 2.34%$287.62
74,350 at 2.35%$288.01
74,350 at 2.36%$288.39
74,350 at 2.37%$288.77
74,350 at 2.38%$289.15
74,350 at 2.39%$289.54
74,350 at 2.4%$289.92
74,350 at 2.41%$290.31
74,350 at 2.42%$290.69
74,350 at 2.43%$291.07
74,350 at 2.44%$291.46
74,350 at 2.45%$291.84
74,350 at 2.46%$292.23
74,350 at 2.47%$292.61
74,350 at 2.48%$293.00
74,350 at 2.49%$293.39
74,350 at 2.5%$293.77
74,350 at 2.51%$294.16
74,350 at 2.52%$294.55
74,350 at 2.53%$294.93
74,350 at 2.54%$295.32
74,350 at 2.55%$295.71
74,350 at 2.56%$296.10
74,350 at 2.57%$296.49
74,350 at 2.58%$296.87
74,350 at 2.59%$297.26
74,350 at 2.6%$297.65
74,350 at 2.61%$298.04
74,350 at 2.62%$298.43
74,350 at 2.63%$298.82
74,350 at 2.64%$299.21
74,350 at 2.65%$299.60
74,350 at 2.66%$299.99
74,350 at 2.67%$300.39
74,350 at 2.68%$300.78
74,350 at 2.69%$301.17
74,350 at 2.7%$301.56
74,350 at 2.71%$301.95
74,350 at 2.72%$302.35
74,350 at 2.73%$302.74
74,350 at 2.74%$303.13
74,350 at 2.75%$303.53
74,350 at 2.76%$303.92
74,350 at 2.77%$304.32
74,350 at 2.78%$304.71
74,350 at 2.79%$305.10
74,350 at 2.8%$305.50
74,350 at 2.81%$305.90
74,350 at 2.82%$306.29
74,350 at 2.83%$306.69
74,350 at 2.84%$307.08
74,350 at 2.85%$307.48
74,350 at 2.86%$307.88
74,350 at 2.87%$308.27
74,350 at 2.88%$308.67
74,350 at 2.89%$309.07
74,350 at 2.9%$309.47
74,350 at 2.91%$309.87
74,350 at 2.92%$310.26
74,350 at 2.93%$310.66
74,350 at 2.94%$311.06
74,350 at 2.95%$311.46
74,350 at 2.96%$311.86
74,350 at 2.97%$312.26
74,350 at 2.98%$312.66
74,350 at 2.99%$313.06
74,350 at 3%$313.46
74,350 at 3.01%$313.86
74,350 at 3.02%$314.27
74,350 at 3.03%$314.67
74,350 at 3.04%$315.07
74,350 at 3.05%$315.47
74,350 at 3.06%$315.87
74,350 at 3.07%$316.28
74,350 at 3.08%$316.68
74,350 at 3.09%$317.08
74,350 at 3.1%$317.49
74,350 at 3.11%$317.89
74,350 at 3.12%$318.29
74,350 at 3.13%$318.70
74,350 at 3.14%$319.10
74,350 at 3.15%$319.51
74,350 at 3.16%$319.91
74,350 at 3.17%$320.32
74,350 at 3.18%$320.73
74,350 at 3.19%$321.13
74,350 at 3.2%$321.54
74,350 at 3.21%$321.95
74,350 at 3.22%$322.35
74,350 at 3.23%$322.76
74,350 at 3.24%$323.17
74,350 at 3.25%$323.58
74,350 at 3.26%$323.98
74,350 at 3.27%$324.39
74,350 at 3.28%$324.80
74,350 at 3.29%$325.21
74,350 at 3.3%$325.62
74,350 at 3.31%$326.03
74,350 at 3.32%$326.44
74,350 at 3.33%$326.85
74,350 at 3.34%$327.26
74,350 at 3.35%$327.67
74,350 at 3.36%$328.08
74,350 at 3.37%$328.49
74,350 at 3.38%$328.90
74,350 at 3.39%$329.32
74,350 at 3.4%$329.73
74,350 at 3.41%$330.14
74,350 at 3.42%$330.55
74,350 at 3.43%$330.97
74,350 at 3.44%$331.38
74,350 at 3.45%$331.79
74,350 at 3.46%$332.21
74,350 at 3.47%$332.62
74,350 at 3.48%$333.04
74,350 at 3.49%$333.45
74,350 at 3.5%$333.86
Interest Rate 30 Year
74,350 at 3.51%$334.28
74,350 at 3.52%$334.70
74,350 at 3.53%$335.11
74,350 at 3.54%$335.53
74,350 at 3.55%$335.94
74,350 at 3.56%$336.36
74,350 at 3.57%$336.78
74,350 at 3.58%$337.19
74,350 at 3.59%$337.61
74,350 at 3.6%$338.03
74,350 at 3.61%$338.45
74,350 at 3.62%$338.86
74,350 at 3.63%$339.28
74,350 at 3.64%$339.70
74,350 at 3.65%$340.12
74,350 at 3.66%$340.54
74,350 at 3.67%$340.96
74,350 at 3.68%$341.38
74,350 at 3.69%$341.80
74,350 at 3.7%$342.22
74,350 at 3.71%$342.64
74,350 at 3.72%$343.06
74,350 at 3.73%$343.48
74,350 at 3.74%$343.90
74,350 at 3.75%$344.33
74,350 at 3.76%$344.75
74,350 at 3.77%$345.17
74,350 at 3.78%$345.59
74,350 at 3.79%$346.02
74,350 at 3.8%$346.44
74,350 at 3.81%$346.86
74,350 at 3.82%$347.29
74,350 at 3.83%$347.71
74,350 at 3.84%$348.13
74,350 at 3.85%$348.56
74,350 at 3.86%$348.98
74,350 at 3.87%$349.41
74,350 at 3.88%$349.83
74,350 at 3.89%$350.26
74,350 at 3.9%$350.69
74,350 at 3.91%$351.11
74,350 at 3.92%$351.54
74,350 at 3.93%$351.96
74,350 at 3.94%$352.39
74,350 at 3.95%$352.82
74,350 at 3.96%$353.25
74,350 at 3.97%$353.67
74,350 at 3.98%$354.10
74,350 at 3.99%$354.53
74,350 at 4%$354.96
74,350 at 4.01%$355.39
74,350 at 4.02%$355.82
74,350 at 4.03%$356.25
74,350 at 4.04%$356.67
74,350 at 4.05%$357.10
74,350 at 4.06%$357.53
74,350 at 4.07%$357.97
74,350 at 4.08%$358.40
74,350 at 4.09%$358.83
74,350 at 4.1%$359.26
74,350 at 4.11%$359.69
74,350 at 4.12%$360.12
74,350 at 4.13%$360.55
74,350 at 4.14%$360.99
74,350 at 4.15%$361.42
74,350 at 4.16%$361.85
74,350 at 4.17%$362.28
74,350 at 4.18%$362.72
74,350 at 4.19%$363.15
74,350 at 4.2%$363.58
74,350 at 4.21%$364.02
74,350 at 4.22%$364.45
74,350 at 4.23%$364.89
74,350 at 4.24%$365.32
74,350 at 4.25%$365.76
74,350 at 4.26%$366.19
74,350 at 4.27%$366.63
74,350 at 4.28%$367.06
74,350 at 4.29%$367.50
74,350 at 4.3%$367.94
74,350 at 4.31%$368.37
74,350 at 4.32%$368.81
74,350 at 4.33%$369.25
74,350 at 4.34%$369.69
74,350 at 4.35%$370.12
74,350 at 4.36%$370.56
74,350 at 4.37%$371.00
74,350 at 4.38%$371.44
74,350 at 4.39%$371.88
74,350 at 4.4%$372.32
74,350 at 4.41%$372.76
74,350 at 4.42%$373.19
74,350 at 4.43%$373.63
74,350 at 4.44%$374.07
74,350 at 4.45%$374.51
74,350 at 4.46%$374.96
74,350 at 4.47%$375.40
74,350 at 4.48%$375.84
74,350 at 4.49%$376.28
74,350 at 4.5%$376.72
74,350 at 4.51%$377.16
74,350 at 4.52%$377.60
74,350 at 4.53%$378.05
74,350 at 4.54%$378.49
74,350 at 4.55%$378.93
74,350 at 4.56%$379.38
74,350 at 4.57%$379.82
74,350 at 4.58%$380.26
74,350 at 4.59%$380.71
74,350 at 4.6%$381.15
74,350 at 4.61%$381.60
74,350 at 4.62%$382.04
74,350 at 4.63%$382.49
74,350 at 4.64%$382.93
74,350 at 4.65%$383.38
74,350 at 4.66%$383.82
74,350 at 4.67%$384.27
74,350 at 4.68%$384.71
74,350 at 4.69%$385.16
74,350 at 4.7%$385.61
74,350 at 4.71%$386.05
74,350 at 4.72%$386.50
74,350 at 4.73%$386.95
74,350 at 4.74%$387.40
74,350 at 4.75%$387.84
74,350 at 4.76%$388.29
74,350 at 4.77%$388.74
74,350 at 4.78%$389.19
74,350 at 4.79%$389.64
74,350 at 4.8%$390.09
74,350 at 4.81%$390.54
74,350 at 4.82%$390.99
74,350 at 4.83%$391.44
74,350 at 4.84%$391.89
74,350 at 4.85%$392.34
74,350 at 4.86%$392.79
74,350 at 4.87%$393.24
74,350 at 4.88%$393.69
74,350 at 4.89%$394.14
74,350 at 4.9%$394.60
74,350 at 4.91%$395.05
74,350 at 4.92%$395.50
74,350 at 4.93%$395.95
74,350 at 4.94%$396.40
74,350 at 4.95%$396.86
74,350 at 4.96%$397.31
74,350 at 4.97%$397.76
74,350 at 4.98%$398.22
74,350 at 4.99%$398.67
74,350 at 5%$399.13
Interest Rate 30 Year
74,350 at 5.01%$399.58
74,350 at 5.02%$400.04
74,350 at 5.03%$400.49
74,350 at 5.04%$400.95
74,350 at 5.05%$401.40
74,350 at 5.06%$401.86
74,350 at 5.07%$402.31
74,350 at 5.08%$402.77
74,350 at 5.09%$403.23
74,350 at 5.1%$403.68
74,350 at 5.11%$404.14
74,350 at 5.12%$404.60
74,350 at 5.13%$405.05
74,350 at 5.14%$405.51
74,350 at 5.15%$405.97
74,350 at 5.16%$406.43
74,350 at 5.17%$406.89
74,350 at 5.18%$407.35
74,350 at 5.19%$407.80
74,350 at 5.2%$408.26
74,350 at 5.21%$408.72
74,350 at 5.22%$409.18
74,350 at 5.23%$409.64
74,350 at 5.24%$410.10
74,350 at 5.25%$410.56
74,350 at 5.26%$411.02
74,350 at 5.27%$411.48
74,350 at 5.28%$411.95
74,350 at 5.29%$412.41
74,350 at 5.3%$412.87
74,350 at 5.31%$413.33
74,350 at 5.32%$413.79
74,350 at 5.33%$414.26
74,350 at 5.34%$414.72
74,350 at 5.35%$415.18
74,350 at 5.36%$415.64
74,350 at 5.37%$416.11
74,350 at 5.38%$416.57
74,350 at 5.39%$417.03
74,350 at 5.4%$417.50
74,350 at 5.41%$417.96
74,350 at 5.42%$418.43
74,350 at 5.43%$418.89
74,350 at 5.44%$419.36
74,350 at 5.45%$419.82
74,350 at 5.46%$420.29
74,350 at 5.47%$420.75
74,350 at 5.48%$421.22
74,350 at 5.49%$421.68
74,350 at 5.5%$422.15
74,350 at 5.51%$422.62
74,350 at 5.52%$423.08
74,350 at 5.53%$423.55
74,350 at 5.54%$424.02
74,350 at 5.55%$424.49
74,350 at 5.56%$424.95
74,350 at 5.57%$425.42
74,350 at 5.58%$425.89
74,350 at 5.59%$426.36
74,350 at 5.6%$426.83
74,350 at 5.61%$427.30
74,350 at 5.62%$427.77
74,350 at 5.63%$428.24
74,350 at 5.64%$428.70
74,350 at 5.65%$429.17
74,350 at 5.66%$429.64
74,350 at 5.67%$430.12
74,350 at 5.68%$430.59
74,350 at 5.69%$431.06
74,350 at 5.7%$431.53
74,350 at 5.71%$432.00
74,350 at 5.72%$432.47
74,350 at 5.73%$432.94
74,350 at 5.74%$433.41
74,350 at 5.75%$433.89
74,350 at 5.76%$434.36
74,350 at 5.77%$434.83
74,350 at 5.78%$435.30
74,350 at 5.79%$435.78
74,350 at 5.8%$436.25
74,350 at 5.81%$436.72
74,350 at 5.82%$437.20
74,350 at 5.83%$437.67
74,350 at 5.84%$438.15
74,350 at 5.85%$438.62
74,350 at 5.86%$439.10
74,350 at 5.87%$439.57
74,350 at 5.88%$440.05
74,350 at 5.89%$440.52
74,350 at 5.9%$441.00
74,350 at 5.91%$441.47
74,350 at 5.92%$441.95
74,350 at 5.93%$442.43
74,350 at 5.94%$442.90
74,350 at 5.95%$443.38
74,350 at 5.96%$443.86
74,350 at 5.97%$444.33
74,350 at 5.98%$444.81
74,350 at 5.99%$445.29
74,350 at 6%$445.77
74,350 at 6.01%$446.24
74,350 at 6.02%$446.72
74,350 at 6.03%$447.20
74,350 at 6.04%$447.68
74,350 at 6.05%$448.16
74,350 at 6.06%$448.64
74,350 at 6.07%$449.12
74,350 at 6.08%$449.60
74,350 at 6.09%$450.08
74,350 at 6.1%$450.56
74,350 at 6.11%$451.04
74,350 at 6.12%$451.52
74,350 at 6.13%$452.00
74,350 at 6.14%$452.48
74,350 at 6.15%$452.96
74,350 at 6.16%$453.44
74,350 at 6.17%$453.92
74,350 at 6.18%$454.41
74,350 at 6.19%$454.89
74,350 at 6.2%$455.37
74,350 at 6.21%$455.85
74,350 at 6.22%$456.34
74,350 at 6.23%$456.82
74,350 at 6.24%$457.30
74,350 at 6.25%$457.79
74,350 at 6.26%$458.27
74,350 at 6.27%$458.75
74,350 at 6.28%$459.24
74,350 at 6.29%$459.72
74,350 at 6.3%$460.21
74,350 at 6.31%$460.69
74,350 at 6.32%$461.18
74,350 at 6.33%$461.66
74,350 at 6.34%$462.15
74,350 at 6.35%$462.63
74,350 at 6.36%$463.12
74,350 at 6.37%$463.60
74,350 at 6.38%$464.09
74,350 at 6.39%$464.58
74,350 at 6.4%$465.06
74,350 at 6.41%$465.55
74,350 at 6.42%$466.04
74,350 at 6.43%$466.53
74,350 at 6.44%$467.01
74,350 at 6.45%$467.50
74,350 at 6.46%$467.99
74,350 at 6.47%$468.48
74,350 at 6.48%$468.97
74,350 at 6.49%$469.45
74,350 at 6.5%$469.94
Interest Rate 30 Year
74,350 at 6.51%$470.43
74,350 at 6.52%$470.92
74,350 at 6.53%$471.41
74,350 at 6.54%$471.90
74,350 at 6.55%$472.39
74,350 at 6.56%$472.88
74,350 at 6.57%$473.37
74,350 at 6.58%$473.86
74,350 at 6.59%$474.35
74,350 at 6.6%$474.84
74,350 at 6.61%$475.33
74,350 at 6.62%$475.83
74,350 at 6.63%$476.32
74,350 at 6.64%$476.81
74,350 at 6.65%$477.30
74,350 at 6.66%$477.79
74,350 at 6.67%$478.29
74,350 at 6.68%$478.78
74,350 at 6.69%$479.27
74,350 at 6.7%$479.76
74,350 at 6.71%$480.26
74,350 at 6.72%$480.75
74,350 at 6.73%$481.24
74,350 at 6.74%$481.74
74,350 at 6.75%$482.23
74,350 at 6.76%$482.73
74,350 at 6.77%$483.22
74,350 at 6.78%$483.72
74,350 at 6.79%$484.21
74,350 at 6.8%$484.71
74,350 at 6.81%$485.20
74,350 at 6.82%$485.70
74,350 at 6.83%$486.19
74,350 at 6.84%$486.69
74,350 at 6.85%$487.19
74,350 at 6.86%$487.68
74,350 at 6.87%$488.18
74,350 at 6.88%$488.67
74,350 at 6.89%$489.17
74,350 at 6.9%$489.67
74,350 at 6.91%$490.17
74,350 at 6.92%$490.66
74,350 at 6.93%$491.16
74,350 at 6.94%$491.66
74,350 at 6.95%$492.16
74,350 at 6.96%$492.66
74,350 at 6.97%$493.16
74,350 at 6.98%$493.65
74,350 at 6.99%$494.15
74,350 at 7%$494.65
74,350 at 7.01%$495.15
74,350 at 7.02%$495.65
74,350 at 7.03%$496.15
74,350 at 7.04%$496.65
74,350 at 7.05%$497.15
74,350 at 7.06%$497.65
74,350 at 7.07%$498.15
74,350 at 7.08%$498.65
74,350 at 7.09%$499.15
74,350 at 7.1%$499.66
74,350 at 7.11%$500.16
74,350 at 7.12%$500.66
74,350 at 7.13%$501.16
74,350 at 7.14%$501.66
74,350 at 7.15%$502.16
74,350 at 7.16%$502.67
74,350 at 7.17%$503.17
74,350 at 7.18%$503.67
74,350 at 7.19%$504.18
74,350 at 7.2%$504.68
74,350 at 7.21%$505.18
74,350 at 7.22%$505.69
74,350 at 7.23%$506.19
74,350 at 7.24%$506.69
74,350 at 7.25%$507.20
74,350 at 7.26%$507.70
74,350 at 7.27%$508.21
74,350 at 7.28%$508.71
74,350 at 7.29%$509.22
74,350 at 7.3%$509.72
74,350 at 7.31%$510.23
74,350 at 7.32%$510.73
74,350 at 7.33%$511.24
74,350 at 7.34%$511.74
74,350 at 7.35%$512.25
74,350 at 7.36%$512.76
74,350 at 7.37%$513.26
74,350 at 7.38%$513.77
74,350 at 7.39%$514.28
74,350 at 7.4%$514.78
74,350 at 7.41%$515.29
74,350 at 7.42%$515.80
74,350 at 7.43%$516.31
74,350 at 7.44%$516.81
74,350 at 7.45%$517.32
74,350 at 7.46%$517.83
74,350 at 7.47%$518.34
74,350 at 7.48%$518.85
74,350 at 7.49%$519.36
74,350 at 7.5%$519.87
74,350 at 7.51%$520.38
74,350 at 7.52%$520.88
74,350 at 7.53%$521.39
74,350 at 7.54%$521.90
74,350 at 7.55%$522.41
74,350 at 7.56%$522.92
74,350 at 7.57%$523.43
74,350 at 7.58%$523.94
74,350 at 7.59%$524.46
74,350 at 7.6%$524.97
74,350 at 7.61%$525.48
74,350 at 7.62%$525.99
74,350 at 7.63%$526.50
74,350 at 7.64%$527.01
74,350 at 7.65%$527.52
74,350 at 7.66%$528.04
74,350 at 7.67%$528.55
74,350 at 7.68%$529.06
74,350 at 7.69%$529.57
74,350 at 7.7%$530.09
74,350 at 7.71%$530.60
74,350 at 7.72%$531.11
74,350 at 7.73%$531.63
74,350 at 7.74%$532.14
74,350 at 7.75%$532.65
74,350 at 7.76%$533.17
74,350 at 7.77%$533.68
74,350 at 7.78%$534.19
74,350 at 7.79%$534.71
74,350 at 7.8%$535.22
74,350 at 7.81%$535.74
74,350 at 7.82%$536.25
74,350 at 7.83%$536.77
74,350 at 7.84%$537.28
74,350 at 7.85%$537.80
74,350 at 7.86%$538.32
74,350 at 7.87%$538.83
74,350 at 7.88%$539.35
74,350 at 7.89%$539.86
74,350 at 7.9%$540.38
74,350 at 7.91%$540.90
74,350 at 7.92%$541.41
74,350 at 7.93%$541.93
74,350 at 7.94%$542.45
74,350 at 7.95%$542.96
74,350 at 7.96%$543.48
74,350 at 7.97%$544.00
74,350 at 7.98%$544.52
74,350 at 7.99%$545.04
74,350 at 8%$545.55
More Amounts
What is the down payment for a $74,350 house? How much do you need to put down?
Percent Down Down Payment
1%744
2%1,487
3%2,231
4%2,974
5%3,718
6%4,461
7%5,205
8%5,948
9%6,692
10%7,435
11%8,179
12%8,922
13%9,666
14%10,409
15%11,153
16%11,896
17%12,640
18%13,383
19%14,127
20%14,870
Percent Down Down Payment
21%15,614
22%16,357
23%17,101
24%17,844
25%18,588
26%19,331
27%20,075
28%20,818
29%21,562
30%22,305
31%23,049
32%23,792
33%24,536
34%25,279
35%26,023
36%26,766
37%27,510
38%28,253
39%28,997
40%29,740
Percent Down Down Payment
41%30,484
42%31,227
43%31,971
44%32,714
45%33,458
46%34,201
47%34,945
48%35,688
49%36,432
50%37,175
51%37,919
52%38,662
53%39,406
54%40,149
55%40,893
56%41,636
57%42,380
58%43,123
59%43,867
60%44,610
Percent Down Down Payment
61%45,354
62%46,097
63%46,841
64%47,584
65%48,328
66%49,071
67%49,815
68%50,558
69%51,302
70%52,045
71%52,789
72%53,532
73%54,276
74%55,019
75%55,763
76%56,506
77%57,250
78%57,993
79%58,737
80%59,480
Percent Down Down Payment
81%60,224
82%60,967
83%61,711
84%62,454
85%63,198
86%63,941
87%64,685
88%65,428
89%66,172
90%66,915
91%67,659
92%68,402
93%69,146
94%69,889
95%70,633
96%71,376
97%72,120
98%72,863
99%73,607
100%74,350
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.