$75,950 Mortgage for 30 Years

What is the monthly payment of a 75,950 dollar loan?
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Loan Tables for a $75,950 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 76k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $75,950 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
75,950 at 2.01%$281.11
75,950 at 2.02%$281.49
75,950 at 2.03%$281.87
75,950 at 2.04%$282.25
75,950 at 2.05%$282.63
75,950 at 2.06%$283.01
75,950 at 2.07%$283.39
75,950 at 2.08%$283.77
75,950 at 2.09%$284.16
75,950 at 2.1%$284.54
75,950 at 2.11%$284.92
75,950 at 2.12%$285.31
75,950 at 2.13%$285.69
75,950 at 2.14%$286.07
75,950 at 2.15%$286.46
75,950 at 2.16%$286.84
75,950 at 2.17%$287.23
75,950 at 2.18%$287.61
75,950 at 2.19%$288.00
75,950 at 2.2%$288.38
75,950 at 2.21%$288.77
75,950 at 2.22%$289.16
75,950 at 2.23%$289.54
75,950 at 2.24%$289.93
75,950 at 2.25%$290.32
75,950 at 2.26%$290.70
75,950 at 2.27%$291.09
75,950 at 2.28%$291.48
75,950 at 2.29%$291.87
75,950 at 2.3%$292.26
75,950 at 2.31%$292.65
75,950 at 2.32%$293.03
75,950 at 2.33%$293.42
75,950 at 2.34%$293.81
75,950 at 2.35%$294.20
75,950 at 2.36%$294.60
75,950 at 2.37%$294.99
75,950 at 2.38%$295.38
75,950 at 2.39%$295.77
75,950 at 2.4%$296.16
75,950 at 2.41%$296.55
75,950 at 2.42%$296.94
75,950 at 2.43%$297.34
75,950 at 2.44%$297.73
75,950 at 2.45%$298.12
75,950 at 2.46%$298.52
75,950 at 2.47%$298.91
75,950 at 2.48%$299.31
75,950 at 2.49%$299.70
75,950 at 2.5%$300.09
75,950 at 2.51%$300.49
75,950 at 2.52%$300.88
75,950 at 2.53%$301.28
75,950 at 2.54%$301.68
75,950 at 2.55%$302.07
75,950 at 2.56%$302.47
75,950 at 2.57%$302.87
75,950 at 2.58%$303.26
75,950 at 2.59%$303.66
75,950 at 2.6%$304.06
75,950 at 2.61%$304.46
75,950 at 2.62%$304.85
75,950 at 2.63%$305.25
75,950 at 2.64%$305.65
75,950 at 2.65%$306.05
75,950 at 2.66%$306.45
75,950 at 2.67%$306.85
75,950 at 2.68%$307.25
75,950 at 2.69%$307.65
75,950 at 2.7%$308.05
75,950 at 2.71%$308.45
75,950 at 2.72%$308.85
75,950 at 2.73%$309.26
75,950 at 2.74%$309.66
75,950 at 2.75%$310.06
75,950 at 2.76%$310.46
75,950 at 2.77%$310.86
75,950 at 2.78%$311.27
75,950 at 2.79%$311.67
75,950 at 2.8%$312.07
75,950 at 2.81%$312.48
75,950 at 2.82%$312.88
75,950 at 2.83%$313.29
75,950 at 2.84%$313.69
75,950 at 2.85%$314.10
75,950 at 2.86%$314.50
75,950 at 2.87%$314.91
75,950 at 2.88%$315.31
75,950 at 2.89%$315.72
75,950 at 2.9%$316.13
75,950 at 2.91%$316.53
75,950 at 2.92%$316.94
75,950 at 2.93%$317.35
75,950 at 2.94%$317.76
75,950 at 2.95%$318.16
75,950 at 2.96%$318.57
75,950 at 2.97%$318.98
75,950 at 2.98%$319.39
75,950 at 2.99%$319.80
75,950 at 3%$320.21
75,950 at 3.01%$320.62
75,950 at 3.02%$321.03
75,950 at 3.03%$321.44
75,950 at 3.04%$321.85
75,950 at 3.05%$322.26
75,950 at 3.06%$322.67
75,950 at 3.07%$323.08
75,950 at 3.08%$323.49
75,950 at 3.09%$323.91
75,950 at 3.1%$324.32
75,950 at 3.11%$324.73
75,950 at 3.12%$325.14
75,950 at 3.13%$325.56
75,950 at 3.14%$325.97
75,950 at 3.15%$326.39
75,950 at 3.16%$326.80
75,950 at 3.17%$327.21
75,950 at 3.18%$327.63
75,950 at 3.19%$328.04
75,950 at 3.2%$328.46
75,950 at 3.21%$328.87
75,950 at 3.22%$329.29
75,950 at 3.23%$329.71
75,950 at 3.24%$330.12
75,950 at 3.25%$330.54
75,950 at 3.26%$330.96
75,950 at 3.27%$331.37
75,950 at 3.28%$331.79
75,950 at 3.29%$332.21
75,950 at 3.3%$332.63
75,950 at 3.31%$333.05
75,950 at 3.32%$333.46
75,950 at 3.33%$333.88
75,950 at 3.34%$334.30
75,950 at 3.35%$334.72
75,950 at 3.36%$335.14
75,950 at 3.37%$335.56
75,950 at 3.38%$335.98
75,950 at 3.39%$336.40
75,950 at 3.4%$336.82
75,950 at 3.41%$337.25
75,950 at 3.42%$337.67
75,950 at 3.43%$338.09
75,950 at 3.44%$338.51
75,950 at 3.45%$338.93
75,950 at 3.46%$339.36
75,950 at 3.47%$339.78
75,950 at 3.48%$340.20
75,950 at 3.49%$340.63
75,950 at 3.5%$341.05
Interest Rate 30 Year
75,950 at 3.51%$341.47
75,950 at 3.52%$341.90
75,950 at 3.53%$342.32
75,950 at 3.54%$342.75
75,950 at 3.55%$343.17
75,950 at 3.56%$343.60
75,950 at 3.57%$344.02
75,950 at 3.58%$344.45
75,950 at 3.59%$344.88
75,950 at 3.6%$345.30
75,950 at 3.61%$345.73
75,950 at 3.62%$346.16
75,950 at 3.63%$346.58
75,950 at 3.64%$347.01
75,950 at 3.65%$347.44
75,950 at 3.66%$347.87
75,950 at 3.67%$348.30
75,950 at 3.68%$348.73
75,950 at 3.69%$349.16
75,950 at 3.7%$349.58
75,950 at 3.71%$350.01
75,950 at 3.72%$350.44
75,950 at 3.73%$350.87
75,950 at 3.74%$351.31
75,950 at 3.75%$351.74
75,950 at 3.76%$352.17
75,950 at 3.77%$352.60
75,950 at 3.78%$353.03
75,950 at 3.79%$353.46
75,950 at 3.8%$353.89
75,950 at 3.81%$354.33
75,950 at 3.82%$354.76
75,950 at 3.83%$355.19
75,950 at 3.84%$355.63
75,950 at 3.85%$356.06
75,950 at 3.86%$356.49
75,950 at 3.87%$356.93
75,950 at 3.88%$357.36
75,950 at 3.89%$357.80
75,950 at 3.9%$358.23
75,950 at 3.91%$358.67
75,950 at 3.92%$359.10
75,950 at 3.93%$359.54
75,950 at 3.94%$359.97
75,950 at 3.95%$360.41
75,950 at 3.96%$360.85
75,950 at 3.97%$361.28
75,950 at 3.98%$361.72
75,950 at 3.99%$362.16
75,950 at 4%$362.60
75,950 at 4.01%$363.03
75,950 at 4.02%$363.47
75,950 at 4.03%$363.91
75,950 at 4.04%$364.35
75,950 at 4.05%$364.79
75,950 at 4.06%$365.23
75,950 at 4.07%$365.67
75,950 at 4.08%$366.11
75,950 at 4.09%$366.55
75,950 at 4.1%$366.99
75,950 at 4.11%$367.43
75,950 at 4.12%$367.87
75,950 at 4.13%$368.31
75,950 at 4.14%$368.75
75,950 at 4.15%$369.20
75,950 at 4.16%$369.64
75,950 at 4.17%$370.08
75,950 at 4.18%$370.52
75,950 at 4.19%$370.97
75,950 at 4.2%$371.41
75,950 at 4.21%$371.85
75,950 at 4.22%$372.30
75,950 at 4.23%$372.74
75,950 at 4.24%$373.18
75,950 at 4.25%$373.63
75,950 at 4.26%$374.07
75,950 at 4.27%$374.52
75,950 at 4.28%$374.96
75,950 at 4.29%$375.41
75,950 at 4.3%$375.85
75,950 at 4.31%$376.30
75,950 at 4.32%$376.75
75,950 at 4.33%$377.19
75,950 at 4.34%$377.64
75,950 at 4.35%$378.09
75,950 at 4.36%$378.54
75,950 at 4.37%$378.98
75,950 at 4.38%$379.43
75,950 at 4.39%$379.88
75,950 at 4.4%$380.33
75,950 at 4.41%$380.78
75,950 at 4.42%$381.23
75,950 at 4.43%$381.68
75,950 at 4.44%$382.12
75,950 at 4.45%$382.57
75,950 at 4.46%$383.02
75,950 at 4.47%$383.47
75,950 at 4.48%$383.93
75,950 at 4.49%$384.38
75,950 at 4.5%$384.83
75,950 at 4.51%$385.28
75,950 at 4.52%$385.73
75,950 at 4.53%$386.18
75,950 at 4.54%$386.63
75,950 at 4.55%$387.09
75,950 at 4.56%$387.54
75,950 at 4.57%$387.99
75,950 at 4.58%$388.45
75,950 at 4.59%$388.90
75,950 at 4.6%$389.35
75,950 at 4.61%$389.81
75,950 at 4.62%$390.26
75,950 at 4.63%$390.72
75,950 at 4.64%$391.17
75,950 at 4.65%$391.63
75,950 at 4.66%$392.08
75,950 at 4.67%$392.54
75,950 at 4.68%$392.99
75,950 at 4.69%$393.45
75,950 at 4.7%$393.91
75,950 at 4.71%$394.36
75,950 at 4.72%$394.82
75,950 at 4.73%$395.28
75,950 at 4.74%$395.73
75,950 at 4.75%$396.19
75,950 at 4.76%$396.65
75,950 at 4.77%$397.11
75,950 at 4.78%$397.57
75,950 at 4.79%$398.02
75,950 at 4.8%$398.48
75,950 at 4.81%$398.94
75,950 at 4.82%$399.40
75,950 at 4.83%$399.86
75,950 at 4.84%$400.32
75,950 at 4.85%$400.78
75,950 at 4.86%$401.24
75,950 at 4.87%$401.70
75,950 at 4.88%$402.16
75,950 at 4.89%$402.63
75,950 at 4.9%$403.09
75,950 at 4.91%$403.55
75,950 at 4.92%$404.01
75,950 at 4.93%$404.47
75,950 at 4.94%$404.94
75,950 at 4.95%$405.40
75,950 at 4.96%$405.86
75,950 at 4.97%$406.32
75,950 at 4.98%$406.79
75,950 at 4.99%$407.25
75,950 at 5%$407.72
Interest Rate 30 Year
75,950 at 5.01%$408.18
75,950 at 5.02%$408.64
75,950 at 5.03%$409.11
75,950 at 5.04%$409.57
75,950 at 5.05%$410.04
75,950 at 5.06%$410.51
75,950 at 5.07%$410.97
75,950 at 5.08%$411.44
75,950 at 5.09%$411.90
75,950 at 5.1%$412.37
75,950 at 5.11%$412.84
75,950 at 5.12%$413.30
75,950 at 5.13%$413.77
75,950 at 5.14%$414.24
75,950 at 5.15%$414.71
75,950 at 5.16%$415.17
75,950 at 5.17%$415.64
75,950 at 5.18%$416.11
75,950 at 5.19%$416.58
75,950 at 5.2%$417.05
75,950 at 5.21%$417.52
75,950 at 5.22%$417.99
75,950 at 5.23%$418.46
75,950 at 5.24%$418.93
75,950 at 5.25%$419.40
75,950 at 5.26%$419.87
75,950 at 5.27%$420.34
75,950 at 5.28%$420.81
75,950 at 5.29%$421.28
75,950 at 5.3%$421.75
75,950 at 5.31%$422.23
75,950 at 5.32%$422.70
75,950 at 5.33%$423.17
75,950 at 5.34%$423.64
75,950 at 5.35%$424.12
75,950 at 5.36%$424.59
75,950 at 5.37%$425.06
75,950 at 5.38%$425.53
75,950 at 5.39%$426.01
75,950 at 5.4%$426.48
75,950 at 5.41%$426.96
75,950 at 5.42%$427.43
75,950 at 5.43%$427.91
75,950 at 5.44%$428.38
75,950 at 5.45%$428.86
75,950 at 5.46%$429.33
75,950 at 5.47%$429.81
75,950 at 5.48%$430.28
75,950 at 5.49%$430.76
75,950 at 5.5%$431.24
75,950 at 5.51%$431.71
75,950 at 5.52%$432.19
75,950 at 5.53%$432.67
75,950 at 5.54%$433.14
75,950 at 5.55%$433.62
75,950 at 5.56%$434.10
75,950 at 5.57%$434.58
75,950 at 5.58%$435.06
75,950 at 5.59%$435.53
75,950 at 5.6%$436.01
75,950 at 5.61%$436.49
75,950 at 5.62%$436.97
75,950 at 5.63%$437.45
75,950 at 5.64%$437.93
75,950 at 5.65%$438.41
75,950 at 5.66%$438.89
75,950 at 5.67%$439.37
75,950 at 5.68%$439.85
75,950 at 5.69%$440.33
75,950 at 5.7%$440.81
75,950 at 5.71%$441.30
75,950 at 5.72%$441.78
75,950 at 5.73%$442.26
75,950 at 5.74%$442.74
75,950 at 5.75%$443.22
75,950 at 5.76%$443.71
75,950 at 5.77%$444.19
75,950 at 5.78%$444.67
75,950 at 5.79%$445.16
75,950 at 5.8%$445.64
75,950 at 5.81%$446.12
75,950 at 5.82%$446.61
75,950 at 5.83%$447.09
75,950 at 5.84%$447.58
75,950 at 5.85%$448.06
75,950 at 5.86%$448.55
75,950 at 5.87%$449.03
75,950 at 5.88%$449.52
75,950 at 5.89%$450.00
75,950 at 5.9%$450.49
75,950 at 5.91%$450.97
75,950 at 5.92%$451.46
75,950 at 5.93%$451.95
75,950 at 5.94%$452.43
75,950 at 5.95%$452.92
75,950 at 5.96%$453.41
75,950 at 5.97%$453.89
75,950 at 5.98%$454.38
75,950 at 5.99%$454.87
75,950 at 6%$455.36
75,950 at 6.01%$455.85
75,950 at 6.02%$456.34
75,950 at 6.03%$456.82
75,950 at 6.04%$457.31
75,950 at 6.05%$457.80
75,950 at 6.06%$458.29
75,950 at 6.07%$458.78
75,950 at 6.08%$459.27
75,950 at 6.09%$459.76
75,950 at 6.1%$460.25
75,950 at 6.11%$460.74
75,950 at 6.12%$461.23
75,950 at 6.13%$461.73
75,950 at 6.14%$462.22
75,950 at 6.15%$462.71
75,950 at 6.16%$463.20
75,950 at 6.17%$463.69
75,950 at 6.18%$464.18
75,950 at 6.19%$464.68
75,950 at 6.2%$465.17
75,950 at 6.21%$465.66
75,950 at 6.22%$466.16
75,950 at 6.23%$466.65
75,950 at 6.24%$467.14
75,950 at 6.25%$467.64
75,950 at 6.26%$468.13
75,950 at 6.27%$468.63
75,950 at 6.28%$469.12
75,950 at 6.29%$469.61
75,950 at 6.3%$470.11
75,950 at 6.31%$470.61
75,950 at 6.32%$471.10
75,950 at 6.33%$471.60
75,950 at 6.34%$472.09
75,950 at 6.35%$472.59
75,950 at 6.36%$473.08
75,950 at 6.37%$473.58
75,950 at 6.38%$474.08
75,950 at 6.39%$474.57
75,950 at 6.4%$475.07
75,950 at 6.41%$475.57
75,950 at 6.42%$476.07
75,950 at 6.43%$476.56
75,950 at 6.44%$477.06
75,950 at 6.45%$477.56
75,950 at 6.46%$478.06
75,950 at 6.47%$478.56
75,950 at 6.48%$479.06
75,950 at 6.49%$479.56
75,950 at 6.5%$480.06
Interest Rate 30 Year
75,950 at 6.51%$480.56
75,950 at 6.52%$481.06
75,950 at 6.53%$481.56
75,950 at 6.54%$482.06
75,950 at 6.55%$482.56
75,950 at 6.56%$483.06
75,950 at 6.57%$483.56
75,950 at 6.58%$484.06
75,950 at 6.59%$484.56
75,950 at 6.6%$485.06
75,950 at 6.61%$485.56
75,950 at 6.62%$486.07
75,950 at 6.63%$486.57
75,950 at 6.64%$487.07
75,950 at 6.65%$487.57
75,950 at 6.66%$488.08
75,950 at 6.67%$488.58
75,950 at 6.68%$489.08
75,950 at 6.69%$489.58
75,950 at 6.7%$490.09
75,950 at 6.71%$490.59
75,950 at 6.72%$491.10
75,950 at 6.73%$491.60
75,950 at 6.74%$492.11
75,950 at 6.75%$492.61
75,950 at 6.76%$493.12
75,950 at 6.77%$493.62
75,950 at 6.78%$494.13
75,950 at 6.79%$494.63
75,950 at 6.8%$495.14
75,950 at 6.81%$495.64
75,950 at 6.82%$496.15
75,950 at 6.83%$496.66
75,950 at 6.84%$497.16
75,950 at 6.85%$497.67
75,950 at 6.86%$498.18
75,950 at 6.87%$498.68
75,950 at 6.88%$499.19
75,950 at 6.89%$499.70
75,950 at 6.9%$500.21
75,950 at 6.91%$500.71
75,950 at 6.92%$501.22
75,950 at 6.93%$501.73
75,950 at 6.94%$502.24
75,950 at 6.95%$502.75
75,950 at 6.96%$503.26
75,950 at 6.97%$503.77
75,950 at 6.98%$504.28
75,950 at 6.99%$504.79
75,950 at 7%$505.30
75,950 at 7.01%$505.81
75,950 at 7.02%$506.32
75,950 at 7.03%$506.83
75,950 at 7.04%$507.34
75,950 at 7.05%$507.85
75,950 at 7.06%$508.36
75,950 at 7.07%$508.87
75,950 at 7.08%$509.38
75,950 at 7.09%$509.90
75,950 at 7.1%$510.41
75,950 at 7.11%$510.92
75,950 at 7.12%$511.43
75,950 at 7.13%$511.95
75,950 at 7.14%$512.46
75,950 at 7.15%$512.97
75,950 at 7.16%$513.48
75,950 at 7.17%$514.00
75,950 at 7.18%$514.51
75,950 at 7.19%$515.03
75,950 at 7.2%$515.54
75,950 at 7.21%$516.05
75,950 at 7.22%$516.57
75,950 at 7.23%$517.08
75,950 at 7.24%$517.60
75,950 at 7.25%$518.11
75,950 at 7.26%$518.63
75,950 at 7.27%$519.14
75,950 at 7.28%$519.66
75,950 at 7.29%$520.18
75,950 at 7.3%$520.69
75,950 at 7.31%$521.21
75,950 at 7.32%$521.72
75,950 at 7.33%$522.24
75,950 at 7.34%$522.76
75,950 at 7.35%$523.27
75,950 at 7.36%$523.79
75,950 at 7.37%$524.31
75,950 at 7.38%$524.83
75,950 at 7.39%$525.34
75,950 at 7.4%$525.86
75,950 at 7.41%$526.38
75,950 at 7.42%$526.90
75,950 at 7.43%$527.42
75,950 at 7.44%$527.94
75,950 at 7.45%$528.46
75,950 at 7.46%$528.97
75,950 at 7.47%$529.49
75,950 at 7.48%$530.01
75,950 at 7.49%$530.53
75,950 at 7.5%$531.05
75,950 at 7.51%$531.57
75,950 at 7.52%$532.09
75,950 at 7.53%$532.61
75,950 at 7.54%$533.14
75,950 at 7.55%$533.66
75,950 at 7.56%$534.18
75,950 at 7.57%$534.70
75,950 at 7.58%$535.22
75,950 at 7.59%$535.74
75,950 at 7.6%$536.26
75,950 at 7.61%$536.79
75,950 at 7.62%$537.31
75,950 at 7.63%$537.83
75,950 at 7.64%$538.35
75,950 at 7.65%$538.88
75,950 at 7.66%$539.40
75,950 at 7.67%$539.92
75,950 at 7.68%$540.45
75,950 at 7.69%$540.97
75,950 at 7.7%$541.49
75,950 at 7.71%$542.02
75,950 at 7.72%$542.54
75,950 at 7.73%$543.07
75,950 at 7.74%$543.59
75,950 at 7.75%$544.12
75,950 at 7.76%$544.64
75,950 at 7.77%$545.17
75,950 at 7.78%$545.69
75,950 at 7.79%$546.22
75,950 at 7.8%$546.74
75,950 at 7.81%$547.27
75,950 at 7.82%$547.79
75,950 at 7.83%$548.32
75,950 at 7.84%$548.85
75,950 at 7.85%$549.37
75,950 at 7.86%$549.90
75,950 at 7.87%$550.43
75,950 at 7.88%$550.95
75,950 at 7.89%$551.48
75,950 at 7.9%$552.01
75,950 at 7.91%$552.54
75,950 at 7.92%$553.06
75,950 at 7.93%$553.59
75,950 at 7.94%$554.12
75,950 at 7.95%$554.65
75,950 at 7.96%$555.18
75,950 at 7.97%$555.71
75,950 at 7.98%$556.24
75,950 at 7.99%$556.76
75,950 at 8%$557.29
More Amounts
What is the down payment for a $75,950 house? How much do you need to put down?
Percent Down Down Payment
1%760
2%1,519
3%2,279
4%3,038
5%3,798
6%4,557
7%5,317
8%6,076
9%6,836
10%7,595
11%8,355
12%9,114
13%9,874
14%10,633
15%11,393
16%12,152
17%12,912
18%13,671
19%14,431
20%15,190
Percent Down Down Payment
21%15,950
22%16,709
23%17,469
24%18,228
25%18,988
26%19,747
27%20,507
28%21,266
29%22,026
30%22,785
31%23,545
32%24,304
33%25,064
34%25,823
35%26,583
36%27,342
37%28,102
38%28,861
39%29,621
40%30,380
Percent Down Down Payment
41%31,140
42%31,899
43%32,659
44%33,418
45%34,178
46%34,937
47%35,697
48%36,456
49%37,216
50%37,975
51%38,735
52%39,494
53%40,254
54%41,013
55%41,773
56%42,532
57%43,292
58%44,051
59%44,811
60%45,570
Percent Down Down Payment
61%46,330
62%47,089
63%47,849
64%48,608
65%49,368
66%50,127
67%50,887
68%51,646
69%52,406
70%53,165
71%53,925
72%54,684
73%55,444
74%56,203
75%56,963
76%57,722
77%58,482
78%59,241
79%60,001
80%60,760
Percent Down Down Payment
81%61,520
82%62,279
83%63,039
84%63,798
85%64,558
86%65,317
87%66,077
88%66,836
89%67,596
90%68,355
91%69,115
92%69,874
93%70,634
94%71,393
95%72,153
96%72,912
97%73,672
98%74,431
99%75,191
100%75,950
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.