$74,950 Mortgage for 30 Years

What is the monthly payment of a 74,950 dollar loan?
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Loan Tables for a $74,950 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 75k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $74,950 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
74,950 at 2.01%$277.40
74,950 at 2.02%$277.78
74,950 at 2.03%$278.16
74,950 at 2.04%$278.53
74,950 at 2.05%$278.91
74,950 at 2.06%$279.28
74,950 at 2.07%$279.66
74,950 at 2.08%$280.04
74,950 at 2.09%$280.42
74,950 at 2.1%$280.79
74,950 at 2.11%$281.17
74,950 at 2.12%$281.55
74,950 at 2.13%$281.93
74,950 at 2.14%$282.31
74,950 at 2.15%$282.69
74,950 at 2.16%$283.07
74,950 at 2.17%$283.44
74,950 at 2.18%$283.82
74,950 at 2.19%$284.21
74,950 at 2.2%$284.59
74,950 at 2.21%$284.97
74,950 at 2.22%$285.35
74,950 at 2.23%$285.73
74,950 at 2.24%$286.11
74,950 at 2.25%$286.49
74,950 at 2.26%$286.88
74,950 at 2.27%$287.26
74,950 at 2.28%$287.64
74,950 at 2.29%$288.02
74,950 at 2.3%$288.41
74,950 at 2.31%$288.79
74,950 at 2.32%$289.18
74,950 at 2.33%$289.56
74,950 at 2.34%$289.95
74,950 at 2.35%$290.33
74,950 at 2.36%$290.72
74,950 at 2.37%$291.10
74,950 at 2.38%$291.49
74,950 at 2.39%$291.87
74,950 at 2.4%$292.26
74,950 at 2.41%$292.65
74,950 at 2.42%$293.04
74,950 at 2.43%$293.42
74,950 at 2.44%$293.81
74,950 at 2.45%$294.20
74,950 at 2.46%$294.59
74,950 at 2.47%$294.98
74,950 at 2.48%$295.36
74,950 at 2.49%$295.75
74,950 at 2.5%$296.14
74,950 at 2.51%$296.53
74,950 at 2.52%$296.92
74,950 at 2.53%$297.31
74,950 at 2.54%$297.70
74,950 at 2.55%$298.10
74,950 at 2.56%$298.49
74,950 at 2.57%$298.88
74,950 at 2.58%$299.27
74,950 at 2.59%$299.66
74,950 at 2.6%$300.05
74,950 at 2.61%$300.45
74,950 at 2.62%$300.84
74,950 at 2.63%$301.23
74,950 at 2.64%$301.63
74,950 at 2.65%$302.02
74,950 at 2.66%$302.42
74,950 at 2.67%$302.81
74,950 at 2.68%$303.20
74,950 at 2.69%$303.60
74,950 at 2.7%$304.00
74,950 at 2.71%$304.39
74,950 at 2.72%$304.79
74,950 at 2.73%$305.18
74,950 at 2.74%$305.58
74,950 at 2.75%$305.98
74,950 at 2.76%$306.37
74,950 at 2.77%$306.77
74,950 at 2.78%$307.17
74,950 at 2.79%$307.57
74,950 at 2.8%$307.97
74,950 at 2.81%$308.36
74,950 at 2.82%$308.76
74,950 at 2.83%$309.16
74,950 at 2.84%$309.56
74,950 at 2.85%$309.96
74,950 at 2.86%$310.36
74,950 at 2.87%$310.76
74,950 at 2.88%$311.16
74,950 at 2.89%$311.56
74,950 at 2.9%$311.96
74,950 at 2.91%$312.37
74,950 at 2.92%$312.77
74,950 at 2.93%$313.17
74,950 at 2.94%$313.57
74,950 at 2.95%$313.97
74,950 at 2.96%$314.38
74,950 at 2.97%$314.78
74,950 at 2.98%$315.18
74,950 at 2.99%$315.59
74,950 at 3%$315.99
74,950 at 3.01%$316.40
74,950 at 3.02%$316.80
74,950 at 3.03%$317.21
74,950 at 3.04%$317.61
74,950 at 3.05%$318.02
74,950 at 3.06%$318.42
74,950 at 3.07%$318.83
74,950 at 3.08%$319.24
74,950 at 3.09%$319.64
74,950 at 3.1%$320.05
74,950 at 3.11%$320.46
74,950 at 3.12%$320.86
74,950 at 3.13%$321.27
74,950 at 3.14%$321.68
74,950 at 3.15%$322.09
74,950 at 3.16%$322.50
74,950 at 3.17%$322.91
74,950 at 3.18%$323.31
74,950 at 3.19%$323.72
74,950 at 3.2%$324.13
74,950 at 3.21%$324.54
74,950 at 3.22%$324.95
74,950 at 3.23%$325.36
74,950 at 3.24%$325.78
74,950 at 3.25%$326.19
74,950 at 3.26%$326.60
74,950 at 3.27%$327.01
74,950 at 3.28%$327.42
74,950 at 3.29%$327.83
74,950 at 3.3%$328.25
74,950 at 3.31%$328.66
74,950 at 3.32%$329.07
74,950 at 3.33%$329.49
74,950 at 3.34%$329.90
74,950 at 3.35%$330.31
74,950 at 3.36%$330.73
74,950 at 3.37%$331.14
74,950 at 3.38%$331.56
74,950 at 3.39%$331.97
74,950 at 3.4%$332.39
74,950 at 3.41%$332.80
74,950 at 3.42%$333.22
74,950 at 3.43%$333.64
74,950 at 3.44%$334.05
74,950 at 3.45%$334.47
74,950 at 3.46%$334.89
74,950 at 3.47%$335.31
74,950 at 3.48%$335.72
74,950 at 3.49%$336.14
74,950 at 3.5%$336.56
Interest Rate 30 Year
74,950 at 3.51%$336.98
74,950 at 3.52%$337.40
74,950 at 3.53%$337.82
74,950 at 3.54%$338.23
74,950 at 3.55%$338.65
74,950 at 3.56%$339.07
74,950 at 3.57%$339.49
74,950 at 3.58%$339.91
74,950 at 3.59%$340.34
74,950 at 3.6%$340.76
74,950 at 3.61%$341.18
74,950 at 3.62%$341.60
74,950 at 3.63%$342.02
74,950 at 3.64%$342.44
74,950 at 3.65%$342.87
74,950 at 3.66%$343.29
74,950 at 3.67%$343.71
74,950 at 3.68%$344.13
74,950 at 3.69%$344.56
74,950 at 3.7%$344.98
74,950 at 3.71%$345.41
74,950 at 3.72%$345.83
74,950 at 3.73%$346.26
74,950 at 3.74%$346.68
74,950 at 3.75%$347.11
74,950 at 3.76%$347.53
74,950 at 3.77%$347.96
74,950 at 3.78%$348.38
74,950 at 3.79%$348.81
74,950 at 3.8%$349.24
74,950 at 3.81%$349.66
74,950 at 3.82%$350.09
74,950 at 3.83%$350.52
74,950 at 3.84%$350.94
74,950 at 3.85%$351.37
74,950 at 3.86%$351.80
74,950 at 3.87%$352.23
74,950 at 3.88%$352.66
74,950 at 3.89%$353.09
74,950 at 3.9%$353.52
74,950 at 3.91%$353.94
74,950 at 3.92%$354.37
74,950 at 3.93%$354.80
74,950 at 3.94%$355.24
74,950 at 3.95%$355.67
74,950 at 3.96%$356.10
74,950 at 3.97%$356.53
74,950 at 3.98%$356.96
74,950 at 3.99%$357.39
74,950 at 4%$357.82
74,950 at 4.01%$358.25
74,950 at 4.02%$358.69
74,950 at 4.03%$359.12
74,950 at 4.04%$359.55
74,950 at 4.05%$359.99
74,950 at 4.06%$360.42
74,950 at 4.07%$360.85
74,950 at 4.08%$361.29
74,950 at 4.09%$361.72
74,950 at 4.1%$362.16
74,950 at 4.11%$362.59
74,950 at 4.12%$363.03
74,950 at 4.13%$363.46
74,950 at 4.14%$363.90
74,950 at 4.15%$364.33
74,950 at 4.16%$364.77
74,950 at 4.17%$365.21
74,950 at 4.18%$365.64
74,950 at 4.19%$366.08
74,950 at 4.2%$366.52
74,950 at 4.21%$366.96
74,950 at 4.22%$367.39
74,950 at 4.23%$367.83
74,950 at 4.24%$368.27
74,950 at 4.25%$368.71
74,950 at 4.26%$369.15
74,950 at 4.27%$369.59
74,950 at 4.28%$370.03
74,950 at 4.29%$370.47
74,950 at 4.3%$370.91
74,950 at 4.31%$371.35
74,950 at 4.32%$371.79
74,950 at 4.33%$372.23
74,950 at 4.34%$372.67
74,950 at 4.35%$373.11
74,950 at 4.36%$373.55
74,950 at 4.37%$373.99
74,950 at 4.38%$374.44
74,950 at 4.39%$374.88
74,950 at 4.4%$375.32
74,950 at 4.41%$375.76
74,950 at 4.42%$376.21
74,950 at 4.43%$376.65
74,950 at 4.44%$377.09
74,950 at 4.45%$377.54
74,950 at 4.46%$377.98
74,950 at 4.47%$378.43
74,950 at 4.48%$378.87
74,950 at 4.49%$379.32
74,950 at 4.5%$379.76
74,950 at 4.51%$380.21
74,950 at 4.52%$380.65
74,950 at 4.53%$381.10
74,950 at 4.54%$381.54
74,950 at 4.55%$381.99
74,950 at 4.56%$382.44
74,950 at 4.57%$382.88
74,950 at 4.58%$383.33
74,950 at 4.59%$383.78
74,950 at 4.6%$384.23
74,950 at 4.61%$384.68
74,950 at 4.62%$385.12
74,950 at 4.63%$385.57
74,950 at 4.64%$386.02
74,950 at 4.65%$386.47
74,950 at 4.66%$386.92
74,950 at 4.67%$387.37
74,950 at 4.68%$387.82
74,950 at 4.69%$388.27
74,950 at 4.7%$388.72
74,950 at 4.71%$389.17
74,950 at 4.72%$389.62
74,950 at 4.73%$390.07
74,950 at 4.74%$390.52
74,950 at 4.75%$390.97
74,950 at 4.76%$391.43
74,950 at 4.77%$391.88
74,950 at 4.78%$392.33
74,950 at 4.79%$392.78
74,950 at 4.8%$393.24
74,950 at 4.81%$393.69
74,950 at 4.82%$394.14
74,950 at 4.83%$394.60
74,950 at 4.84%$395.05
74,950 at 4.85%$395.51
74,950 at 4.86%$395.96
74,950 at 4.87%$396.41
74,950 at 4.88%$396.87
74,950 at 4.89%$397.32
74,950 at 4.9%$397.78
74,950 at 4.91%$398.24
74,950 at 4.92%$398.69
74,950 at 4.93%$399.15
74,950 at 4.94%$399.60
74,950 at 4.95%$400.06
74,950 at 4.96%$400.52
74,950 at 4.97%$400.97
74,950 at 4.98%$401.43
74,950 at 4.99%$401.89
74,950 at 5%$402.35
Interest Rate 30 Year
74,950 at 5.01%$402.81
74,950 at 5.02%$403.26
74,950 at 5.03%$403.72
74,950 at 5.04%$404.18
74,950 at 5.05%$404.64
74,950 at 5.06%$405.10
74,950 at 5.07%$405.56
74,950 at 5.08%$406.02
74,950 at 5.09%$406.48
74,950 at 5.1%$406.94
74,950 at 5.11%$407.40
74,950 at 5.12%$407.86
74,950 at 5.13%$408.32
74,950 at 5.14%$408.79
74,950 at 5.15%$409.25
74,950 at 5.16%$409.71
74,950 at 5.17%$410.17
74,950 at 5.18%$410.63
74,950 at 5.19%$411.10
74,950 at 5.2%$411.56
74,950 at 5.21%$412.02
74,950 at 5.22%$412.49
74,950 at 5.23%$412.95
74,950 at 5.24%$413.41
74,950 at 5.25%$413.88
74,950 at 5.26%$414.34
74,950 at 5.27%$414.81
74,950 at 5.28%$415.27
74,950 at 5.29%$415.74
74,950 at 5.3%$416.20
74,950 at 5.31%$416.67
74,950 at 5.32%$417.13
74,950 at 5.33%$417.60
74,950 at 5.34%$418.06
74,950 at 5.35%$418.53
74,950 at 5.36%$419.00
74,950 at 5.37%$419.46
74,950 at 5.38%$419.93
74,950 at 5.39%$420.40
74,950 at 5.4%$420.87
74,950 at 5.41%$421.34
74,950 at 5.42%$421.80
74,950 at 5.43%$422.27
74,950 at 5.44%$422.74
74,950 at 5.45%$423.21
74,950 at 5.46%$423.68
74,950 at 5.47%$424.15
74,950 at 5.48%$424.62
74,950 at 5.49%$425.09
74,950 at 5.5%$425.56
74,950 at 5.51%$426.03
74,950 at 5.52%$426.50
74,950 at 5.53%$426.97
74,950 at 5.54%$427.44
74,950 at 5.55%$427.91
74,950 at 5.56%$428.38
74,950 at 5.57%$428.86
74,950 at 5.58%$429.33
74,950 at 5.59%$429.80
74,950 at 5.6%$430.27
74,950 at 5.61%$430.74
74,950 at 5.62%$431.22
74,950 at 5.63%$431.69
74,950 at 5.64%$432.16
74,950 at 5.65%$432.64
74,950 at 5.66%$433.11
74,950 at 5.67%$433.59
74,950 at 5.68%$434.06
74,950 at 5.69%$434.54
74,950 at 5.7%$435.01
74,950 at 5.71%$435.49
74,950 at 5.72%$435.96
74,950 at 5.73%$436.44
74,950 at 5.74%$436.91
74,950 at 5.75%$437.39
74,950 at 5.76%$437.86
74,950 at 5.77%$438.34
74,950 at 5.78%$438.82
74,950 at 5.79%$439.29
74,950 at 5.8%$439.77
74,950 at 5.81%$440.25
74,950 at 5.82%$440.73
74,950 at 5.83%$441.20
74,950 at 5.84%$441.68
74,950 at 5.85%$442.16
74,950 at 5.86%$442.64
74,950 at 5.87%$443.12
74,950 at 5.88%$443.60
74,950 at 5.89%$444.08
74,950 at 5.9%$444.56
74,950 at 5.91%$445.04
74,950 at 5.92%$445.52
74,950 at 5.93%$446.00
74,950 at 5.94%$446.48
74,950 at 5.95%$446.96
74,950 at 5.96%$447.44
74,950 at 5.97%$447.92
74,950 at 5.98%$448.40
74,950 at 5.99%$448.88
74,950 at 6%$449.36
74,950 at 6.01%$449.85
74,950 at 6.02%$450.33
74,950 at 6.03%$450.81
74,950 at 6.04%$451.29
74,950 at 6.05%$451.78
74,950 at 6.06%$452.26
74,950 at 6.07%$452.74
74,950 at 6.08%$453.23
74,950 at 6.09%$453.71
74,950 at 6.1%$454.19
74,950 at 6.11%$454.68
74,950 at 6.12%$455.16
74,950 at 6.13%$455.65
74,950 at 6.14%$456.13
74,950 at 6.15%$456.62
74,950 at 6.16%$457.10
74,950 at 6.17%$457.59
74,950 at 6.18%$458.07
74,950 at 6.19%$458.56
74,950 at 6.2%$459.05
74,950 at 6.21%$459.53
74,950 at 6.22%$460.02
74,950 at 6.23%$460.51
74,950 at 6.24%$460.99
74,950 at 6.25%$461.48
74,950 at 6.26%$461.97
74,950 at 6.27%$462.46
74,950 at 6.28%$462.94
74,950 at 6.29%$463.43
74,950 at 6.3%$463.92
74,950 at 6.31%$464.41
74,950 at 6.32%$464.90
74,950 at 6.33%$465.39
74,950 at 6.34%$465.88
74,950 at 6.35%$466.37
74,950 at 6.36%$466.86
74,950 at 6.37%$467.35
74,950 at 6.38%$467.84
74,950 at 6.39%$468.33
74,950 at 6.4%$468.82
74,950 at 6.41%$469.31
74,950 at 6.42%$469.80
74,950 at 6.43%$470.29
74,950 at 6.44%$470.78
74,950 at 6.45%$471.27
74,950 at 6.46%$471.77
74,950 at 6.47%$472.26
74,950 at 6.48%$472.75
74,950 at 6.49%$473.24
74,950 at 6.5%$473.73
Interest Rate 30 Year
74,950 at 6.51%$474.23
74,950 at 6.52%$474.72
74,950 at 6.53%$475.21
74,950 at 6.54%$475.71
74,950 at 6.55%$476.20
74,950 at 6.56%$476.70
74,950 at 6.57%$477.19
74,950 at 6.58%$477.69
74,950 at 6.59%$478.18
74,950 at 6.6%$478.67
74,950 at 6.61%$479.17
74,950 at 6.62%$479.67
74,950 at 6.63%$480.16
74,950 at 6.64%$480.66
74,950 at 6.65%$481.15
74,950 at 6.66%$481.65
74,950 at 6.67%$482.15
74,950 at 6.68%$482.64
74,950 at 6.69%$483.14
74,950 at 6.7%$483.64
74,950 at 6.71%$484.13
74,950 at 6.72%$484.63
74,950 at 6.73%$485.13
74,950 at 6.74%$485.63
74,950 at 6.75%$486.12
74,950 at 6.76%$486.62
74,950 at 6.77%$487.12
74,950 at 6.78%$487.62
74,950 at 6.79%$488.12
74,950 at 6.8%$488.62
74,950 at 6.81%$489.12
74,950 at 6.82%$489.62
74,950 at 6.83%$490.12
74,950 at 6.84%$490.62
74,950 at 6.85%$491.12
74,950 at 6.86%$491.62
74,950 at 6.87%$492.12
74,950 at 6.88%$492.62
74,950 at 6.89%$493.12
74,950 at 6.9%$493.62
74,950 at 6.91%$494.12
74,950 at 6.92%$494.62
74,950 at 6.93%$495.13
74,950 at 6.94%$495.63
74,950 at 6.95%$496.13
74,950 at 6.96%$496.63
74,950 at 6.97%$497.14
74,950 at 6.98%$497.64
74,950 at 6.99%$498.14
74,950 at 7%$498.64
74,950 at 7.01%$499.15
74,950 at 7.02%$499.65
74,950 at 7.03%$500.16
74,950 at 7.04%$500.66
74,950 at 7.05%$501.16
74,950 at 7.06%$501.67
74,950 at 7.07%$502.17
74,950 at 7.08%$502.68
74,950 at 7.09%$503.18
74,950 at 7.1%$503.69
74,950 at 7.11%$504.19
74,950 at 7.12%$504.70
74,950 at 7.13%$505.20
74,950 at 7.14%$505.71
74,950 at 7.15%$506.22
74,950 at 7.16%$506.72
74,950 at 7.17%$507.23
74,950 at 7.18%$507.74
74,950 at 7.19%$508.24
74,950 at 7.2%$508.75
74,950 at 7.21%$509.26
74,950 at 7.22%$509.77
74,950 at 7.23%$510.27
74,950 at 7.24%$510.78
74,950 at 7.25%$511.29
74,950 at 7.26%$511.80
74,950 at 7.27%$512.31
74,950 at 7.28%$512.82
74,950 at 7.29%$513.33
74,950 at 7.3%$513.84
74,950 at 7.31%$514.34
74,950 at 7.32%$514.85
74,950 at 7.33%$515.36
74,950 at 7.34%$515.87
74,950 at 7.35%$516.38
74,950 at 7.36%$516.90
74,950 at 7.37%$517.41
74,950 at 7.38%$517.92
74,950 at 7.39%$518.43
74,950 at 7.4%$518.94
74,950 at 7.41%$519.45
74,950 at 7.42%$519.96
74,950 at 7.43%$520.47
74,950 at 7.44%$520.99
74,950 at 7.45%$521.50
74,950 at 7.46%$522.01
74,950 at 7.47%$522.52
74,950 at 7.48%$523.04
74,950 at 7.49%$523.55
74,950 at 7.5%$524.06
74,950 at 7.51%$524.57
74,950 at 7.52%$525.09
74,950 at 7.53%$525.60
74,950 at 7.54%$526.12
74,950 at 7.55%$526.63
74,950 at 7.56%$527.14
74,950 at 7.57%$527.66
74,950 at 7.58%$528.17
74,950 at 7.59%$528.69
74,950 at 7.6%$529.20
74,950 at 7.61%$529.72
74,950 at 7.62%$530.23
74,950 at 7.63%$530.75
74,950 at 7.64%$531.27
74,950 at 7.65%$531.78
74,950 at 7.66%$532.30
74,950 at 7.67%$532.81
74,950 at 7.68%$533.33
74,950 at 7.69%$533.85
74,950 at 7.7%$534.36
74,950 at 7.71%$534.88
74,950 at 7.72%$535.40
74,950 at 7.73%$535.92
74,950 at 7.74%$536.43
74,950 at 7.75%$536.95
74,950 at 7.76%$537.47
74,950 at 7.77%$537.99
74,950 at 7.78%$538.51
74,950 at 7.79%$539.02
74,950 at 7.8%$539.54
74,950 at 7.81%$540.06
74,950 at 7.82%$540.58
74,950 at 7.83%$541.10
74,950 at 7.84%$541.62
74,950 at 7.85%$542.14
74,950 at 7.86%$542.66
74,950 at 7.87%$543.18
74,950 at 7.88%$543.70
74,950 at 7.89%$544.22
74,950 at 7.9%$544.74
74,950 at 7.91%$545.26
74,950 at 7.92%$545.78
74,950 at 7.93%$546.30
74,950 at 7.94%$546.82
74,950 at 7.95%$547.35
74,950 at 7.96%$547.87
74,950 at 7.97%$548.39
74,950 at 7.98%$548.91
74,950 at 7.99%$549.43
74,950 at 8%$549.96
More Amounts
What is the down payment for a $74,950 house? How much do you need to put down?
Percent Down Down Payment
1%750
2%1,499
3%2,249
4%2,998
5%3,748
6%4,497
7%5,247
8%5,996
9%6,746
10%7,495
11%8,245
12%8,994
13%9,744
14%10,493
15%11,243
16%11,992
17%12,742
18%13,491
19%14,241
20%14,990
Percent Down Down Payment
21%15,740
22%16,489
23%17,239
24%17,988
25%18,738
26%19,487
27%20,237
28%20,986
29%21,736
30%22,485
31%23,235
32%23,984
33%24,734
34%25,483
35%26,233
36%26,982
37%27,732
38%28,481
39%29,231
40%29,980
Percent Down Down Payment
41%30,730
42%31,479
43%32,229
44%32,978
45%33,728
46%34,477
47%35,227
48%35,976
49%36,726
50%37,475
51%38,225
52%38,974
53%39,724
54%40,473
55%41,223
56%41,972
57%42,722
58%43,471
59%44,221
60%44,970
Percent Down Down Payment
61%45,720
62%46,469
63%47,219
64%47,968
65%48,718
66%49,467
67%50,217
68%50,966
69%51,716
70%52,465
71%53,215
72%53,964
73%54,714
74%55,463
75%56,213
76%56,962
77%57,712
78%58,461
79%59,211
80%59,960
Percent Down Down Payment
81%60,710
82%61,459
83%62,209
84%62,958
85%63,708
86%64,457
87%65,207
88%65,956
89%66,706
90%67,455
91%68,205
92%68,954
93%69,704
94%70,453
95%71,203
96%71,952
97%72,702
98%73,451
99%74,201
100%74,950
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.