$79,600 Mortgage for 30 Years

What is the monthly payment of a 79,600 dollar loan?
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Loan Tables for a $79,600 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 80k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $79,600 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
79,600 at 2.01%$294.62
79,600 at 2.02%$295.01
79,600 at 2.03%$295.41
79,600 at 2.04%$295.81
79,600 at 2.05%$296.21
79,600 at 2.06%$296.61
79,600 at 2.07%$297.01
79,600 at 2.08%$297.41
79,600 at 2.09%$297.81
79,600 at 2.1%$298.21
79,600 at 2.11%$298.61
79,600 at 2.12%$299.02
79,600 at 2.13%$299.42
79,600 at 2.14%$299.82
79,600 at 2.15%$300.22
79,600 at 2.16%$300.63
79,600 at 2.17%$301.03
79,600 at 2.18%$301.43
79,600 at 2.19%$301.84
79,600 at 2.2%$302.24
79,600 at 2.21%$302.65
79,600 at 2.22%$303.05
79,600 at 2.23%$303.46
79,600 at 2.24%$303.86
79,600 at 2.25%$304.27
79,600 at 2.26%$304.67
79,600 at 2.27%$305.08
79,600 at 2.28%$305.49
79,600 at 2.29%$305.89
79,600 at 2.3%$306.30
79,600 at 2.31%$306.71
79,600 at 2.32%$307.12
79,600 at 2.33%$307.53
79,600 at 2.34%$307.93
79,600 at 2.35%$308.34
79,600 at 2.36%$308.75
79,600 at 2.37%$309.16
79,600 at 2.38%$309.57
79,600 at 2.39%$309.98
79,600 at 2.4%$310.39
79,600 at 2.41%$310.80
79,600 at 2.42%$311.22
79,600 at 2.43%$311.63
79,600 at 2.44%$312.04
79,600 at 2.45%$312.45
79,600 at 2.46%$312.86
79,600 at 2.47%$313.28
79,600 at 2.48%$313.69
79,600 at 2.49%$314.10
79,600 at 2.5%$314.52
79,600 at 2.51%$314.93
79,600 at 2.52%$315.34
79,600 at 2.53%$315.76
79,600 at 2.54%$316.17
79,600 at 2.55%$316.59
79,600 at 2.56%$317.00
79,600 at 2.57%$317.42
79,600 at 2.58%$317.84
79,600 at 2.59%$318.25
79,600 at 2.6%$318.67
79,600 at 2.61%$319.09
79,600 at 2.62%$319.50
79,600 at 2.63%$319.92
79,600 at 2.64%$320.34
79,600 at 2.65%$320.76
79,600 at 2.66%$321.18
79,600 at 2.67%$321.60
79,600 at 2.68%$322.02
79,600 at 2.69%$322.44
79,600 at 2.7%$322.86
79,600 at 2.71%$323.28
79,600 at 2.72%$323.70
79,600 at 2.73%$324.12
79,600 at 2.74%$324.54
79,600 at 2.75%$324.96
79,600 at 2.76%$325.38
79,600 at 2.77%$325.80
79,600 at 2.78%$326.23
79,600 at 2.79%$326.65
79,600 at 2.8%$327.07
79,600 at 2.81%$327.50
79,600 at 2.82%$327.92
79,600 at 2.83%$328.34
79,600 at 2.84%$328.77
79,600 at 2.85%$329.19
79,600 at 2.86%$329.62
79,600 at 2.87%$330.04
79,600 at 2.88%$330.47
79,600 at 2.89%$330.89
79,600 at 2.9%$331.32
79,600 at 2.91%$331.75
79,600 at 2.92%$332.17
79,600 at 2.93%$332.60
79,600 at 2.94%$333.03
79,600 at 2.95%$333.45
79,600 at 2.96%$333.88
79,600 at 2.97%$334.31
79,600 at 2.98%$334.74
79,600 at 2.99%$335.17
79,600 at 3%$335.60
79,600 at 3.01%$336.03
79,600 at 3.02%$336.46
79,600 at 3.03%$336.89
79,600 at 3.04%$337.32
79,600 at 3.05%$337.75
79,600 at 3.06%$338.18
79,600 at 3.07%$338.61
79,600 at 3.08%$339.04
79,600 at 3.09%$339.47
79,600 at 3.1%$339.91
79,600 at 3.11%$340.34
79,600 at 3.12%$340.77
79,600 at 3.13%$341.20
79,600 at 3.14%$341.64
79,600 at 3.15%$342.07
79,600 at 3.16%$342.50
79,600 at 3.17%$342.94
79,600 at 3.18%$343.37
79,600 at 3.19%$343.81
79,600 at 3.2%$344.24
79,600 at 3.21%$344.68
79,600 at 3.22%$345.11
79,600 at 3.23%$345.55
79,600 at 3.24%$345.99
79,600 at 3.25%$346.42
79,600 at 3.26%$346.86
79,600 at 3.27%$347.30
79,600 at 3.28%$347.74
79,600 at 3.29%$348.17
79,600 at 3.3%$348.61
79,600 at 3.31%$349.05
79,600 at 3.32%$349.49
79,600 at 3.33%$349.93
79,600 at 3.34%$350.37
79,600 at 3.35%$350.81
79,600 at 3.36%$351.25
79,600 at 3.37%$351.69
79,600 at 3.38%$352.13
79,600 at 3.39%$352.57
79,600 at 3.4%$353.01
79,600 at 3.41%$353.45
79,600 at 3.42%$353.89
79,600 at 3.43%$354.34
79,600 at 3.44%$354.78
79,600 at 3.45%$355.22
79,600 at 3.46%$355.66
79,600 at 3.47%$356.11
79,600 at 3.48%$356.55
79,600 at 3.49%$357.00
79,600 at 3.5%$357.44
Interest Rate 30 Year
79,600 at 3.51%$357.88
79,600 at 3.52%$358.33
79,600 at 3.53%$358.77
79,600 at 3.54%$359.22
79,600 at 3.55%$359.66
79,600 at 3.56%$360.11
79,600 at 3.57%$360.56
79,600 at 3.58%$361.00
79,600 at 3.59%$361.45
79,600 at 3.6%$361.90
79,600 at 3.61%$362.35
79,600 at 3.62%$362.79
79,600 at 3.63%$363.24
79,600 at 3.64%$363.69
79,600 at 3.65%$364.14
79,600 at 3.66%$364.59
79,600 at 3.67%$365.04
79,600 at 3.68%$365.49
79,600 at 3.69%$365.94
79,600 at 3.7%$366.39
79,600 at 3.71%$366.84
79,600 at 3.72%$367.29
79,600 at 3.73%$367.74
79,600 at 3.74%$368.19
79,600 at 3.75%$368.64
79,600 at 3.76%$369.09
79,600 at 3.77%$369.54
79,600 at 3.78%$370.00
79,600 at 3.79%$370.45
79,600 at 3.8%$370.90
79,600 at 3.81%$371.36
79,600 at 3.82%$371.81
79,600 at 3.83%$372.26
79,600 at 3.84%$372.72
79,600 at 3.85%$373.17
79,600 at 3.86%$373.63
79,600 at 3.87%$374.08
79,600 at 3.88%$374.54
79,600 at 3.89%$374.99
79,600 at 3.9%$375.45
79,600 at 3.91%$375.90
79,600 at 3.92%$376.36
79,600 at 3.93%$376.82
79,600 at 3.94%$377.27
79,600 at 3.95%$377.73
79,600 at 3.96%$378.19
79,600 at 3.97%$378.65
79,600 at 3.98%$379.11
79,600 at 3.99%$379.56
79,600 at 4%$380.02
79,600 at 4.01%$380.48
79,600 at 4.02%$380.94
79,600 at 4.03%$381.40
79,600 at 4.04%$381.86
79,600 at 4.05%$382.32
79,600 at 4.06%$382.78
79,600 at 4.07%$383.24
79,600 at 4.08%$383.70
79,600 at 4.09%$384.16
79,600 at 4.1%$384.63
79,600 at 4.11%$385.09
79,600 at 4.12%$385.55
79,600 at 4.13%$386.01
79,600 at 4.14%$386.48
79,600 at 4.15%$386.94
79,600 at 4.16%$387.40
79,600 at 4.17%$387.87
79,600 at 4.18%$388.33
79,600 at 4.19%$388.79
79,600 at 4.2%$389.26
79,600 at 4.21%$389.72
79,600 at 4.22%$390.19
79,600 at 4.23%$390.65
79,600 at 4.24%$391.12
79,600 at 4.25%$391.58
79,600 at 4.26%$392.05
79,600 at 4.27%$392.52
79,600 at 4.28%$392.98
79,600 at 4.29%$393.45
79,600 at 4.3%$393.92
79,600 at 4.31%$394.39
79,600 at 4.32%$394.85
79,600 at 4.33%$395.32
79,600 at 4.34%$395.79
79,600 at 4.35%$396.26
79,600 at 4.36%$396.73
79,600 at 4.37%$397.20
79,600 at 4.38%$397.67
79,600 at 4.39%$398.14
79,600 at 4.4%$398.61
79,600 at 4.41%$399.08
79,600 at 4.42%$399.55
79,600 at 4.43%$400.02
79,600 at 4.44%$400.49
79,600 at 4.45%$400.96
79,600 at 4.46%$401.43
79,600 at 4.47%$401.90
79,600 at 4.48%$402.38
79,600 at 4.49%$402.85
79,600 at 4.5%$403.32
79,600 at 4.51%$403.79
79,600 at 4.52%$404.27
79,600 at 4.53%$404.74
79,600 at 4.54%$405.22
79,600 at 4.55%$405.69
79,600 at 4.56%$406.16
79,600 at 4.57%$406.64
79,600 at 4.58%$407.11
79,600 at 4.59%$407.59
79,600 at 4.6%$408.06
79,600 at 4.61%$408.54
79,600 at 4.62%$409.02
79,600 at 4.63%$409.49
79,600 at 4.64%$409.97
79,600 at 4.65%$410.45
79,600 at 4.66%$410.92
79,600 at 4.67%$411.40
79,600 at 4.68%$411.88
79,600 at 4.69%$412.36
79,600 at 4.7%$412.84
79,600 at 4.71%$413.31
79,600 at 4.72%$413.79
79,600 at 4.73%$414.27
79,600 at 4.74%$414.75
79,600 at 4.75%$415.23
79,600 at 4.76%$415.71
79,600 at 4.77%$416.19
79,600 at 4.78%$416.67
79,600 at 4.79%$417.15
79,600 at 4.8%$417.63
79,600 at 4.81%$418.11
79,600 at 4.82%$418.60
79,600 at 4.83%$419.08
79,600 at 4.84%$419.56
79,600 at 4.85%$420.04
79,600 at 4.86%$420.53
79,600 at 4.87%$421.01
79,600 at 4.88%$421.49
79,600 at 4.89%$421.97
79,600 at 4.9%$422.46
79,600 at 4.91%$422.94
79,600 at 4.92%$423.43
79,600 at 4.93%$423.91
79,600 at 4.94%$424.40
79,600 at 4.95%$424.88
79,600 at 4.96%$425.37
79,600 at 4.97%$425.85
79,600 at 4.98%$426.34
79,600 at 4.99%$426.82
79,600 at 5%$427.31
Interest Rate 30 Year
79,600 at 5.01%$427.80
79,600 at 5.02%$428.28
79,600 at 5.03%$428.77
79,600 at 5.04%$429.26
79,600 at 5.05%$429.75
79,600 at 5.06%$430.23
79,600 at 5.07%$430.72
79,600 at 5.08%$431.21
79,600 at 5.09%$431.70
79,600 at 5.1%$432.19
79,600 at 5.11%$432.68
79,600 at 5.12%$433.17
79,600 at 5.13%$433.66
79,600 at 5.14%$434.15
79,600 at 5.15%$434.64
79,600 at 5.16%$435.13
79,600 at 5.17%$435.62
79,600 at 5.18%$436.11
79,600 at 5.19%$436.60
79,600 at 5.2%$437.09
79,600 at 5.21%$437.58
79,600 at 5.22%$438.08
79,600 at 5.23%$438.57
79,600 at 5.24%$439.06
79,600 at 5.25%$439.55
79,600 at 5.26%$440.05
79,600 at 5.27%$440.54
79,600 at 5.28%$441.03
79,600 at 5.29%$441.53
79,600 at 5.3%$442.02
79,600 at 5.31%$442.52
79,600 at 5.32%$443.01
79,600 at 5.33%$443.51
79,600 at 5.34%$444.00
79,600 at 5.35%$444.50
79,600 at 5.36%$444.99
79,600 at 5.37%$445.49
79,600 at 5.38%$445.99
79,600 at 5.39%$446.48
79,600 at 5.4%$446.98
79,600 at 5.41%$447.48
79,600 at 5.42%$447.97
79,600 at 5.43%$448.47
79,600 at 5.44%$448.97
79,600 at 5.45%$449.47
79,600 at 5.46%$449.96
79,600 at 5.47%$450.46
79,600 at 5.48%$450.96
79,600 at 5.49%$451.46
79,600 at 5.5%$451.96
79,600 at 5.51%$452.46
79,600 at 5.52%$452.96
79,600 at 5.53%$453.46
79,600 at 5.54%$453.96
79,600 at 5.55%$454.46
79,600 at 5.56%$454.96
79,600 at 5.57%$455.46
79,600 at 5.58%$455.96
79,600 at 5.59%$456.47
79,600 at 5.6%$456.97
79,600 at 5.61%$457.47
79,600 at 5.62%$457.97
79,600 at 5.63%$458.47
79,600 at 5.64%$458.98
79,600 at 5.65%$459.48
79,600 at 5.66%$459.98
79,600 at 5.67%$460.49
79,600 at 5.68%$460.99
79,600 at 5.69%$461.49
79,600 at 5.7%$462.00
79,600 at 5.71%$462.50
79,600 at 5.72%$463.01
79,600 at 5.73%$463.51
79,600 at 5.74%$464.02
79,600 at 5.75%$464.52
79,600 at 5.76%$465.03
79,600 at 5.77%$465.54
79,600 at 5.78%$466.04
79,600 at 5.79%$466.55
79,600 at 5.8%$467.06
79,600 at 5.81%$467.56
79,600 at 5.82%$468.07
79,600 at 5.83%$468.58
79,600 at 5.84%$469.08
79,600 at 5.85%$469.59
79,600 at 5.86%$470.10
79,600 at 5.87%$470.61
79,600 at 5.88%$471.12
79,600 at 5.89%$471.63
79,600 at 5.9%$472.14
79,600 at 5.91%$472.65
79,600 at 5.92%$473.16
79,600 at 5.93%$473.67
79,600 at 5.94%$474.18
79,600 at 5.95%$474.69
79,600 at 5.96%$475.20
79,600 at 5.97%$475.71
79,600 at 5.98%$476.22
79,600 at 5.99%$476.73
79,600 at 6%$477.24
79,600 at 6.01%$477.75
79,600 at 6.02%$478.27
79,600 at 6.03%$478.78
79,600 at 6.04%$479.29
79,600 at 6.05%$479.80
79,600 at 6.06%$480.32
79,600 at 6.07%$480.83
79,600 at 6.08%$481.34
79,600 at 6.09%$481.86
79,600 at 6.1%$482.37
79,600 at 6.11%$482.89
79,600 at 6.12%$483.40
79,600 at 6.13%$483.92
79,600 at 6.14%$484.43
79,600 at 6.15%$484.95
79,600 at 6.16%$485.46
79,600 at 6.17%$485.98
79,600 at 6.18%$486.49
79,600 at 6.19%$487.01
79,600 at 6.2%$487.53
79,600 at 6.21%$488.04
79,600 at 6.22%$488.56
79,600 at 6.23%$489.08
79,600 at 6.24%$489.59
79,600 at 6.25%$490.11
79,600 at 6.26%$490.63
79,600 at 6.27%$491.15
79,600 at 6.28%$491.67
79,600 at 6.29%$492.18
79,600 at 6.3%$492.70
79,600 at 6.31%$493.22
79,600 at 6.32%$493.74
79,600 at 6.33%$494.26
79,600 at 6.34%$494.78
79,600 at 6.35%$495.30
79,600 at 6.36%$495.82
79,600 at 6.37%$496.34
79,600 at 6.38%$496.86
79,600 at 6.39%$497.38
79,600 at 6.4%$497.90
79,600 at 6.41%$498.42
79,600 at 6.42%$498.95
79,600 at 6.43%$499.47
79,600 at 6.44%$499.99
79,600 at 6.45%$500.51
79,600 at 6.46%$501.03
79,600 at 6.47%$501.56
79,600 at 6.48%$502.08
79,600 at 6.49%$502.60
79,600 at 6.5%$503.13
Interest Rate 30 Year
79,600 at 6.51%$503.65
79,600 at 6.52%$504.17
79,600 at 6.53%$504.70
79,600 at 6.54%$505.22
79,600 at 6.55%$505.75
79,600 at 6.56%$506.27
79,600 at 6.57%$506.80
79,600 at 6.58%$507.32
79,600 at 6.59%$507.85
79,600 at 6.6%$508.37
79,600 at 6.61%$508.90
79,600 at 6.62%$509.42
79,600 at 6.63%$509.95
79,600 at 6.64%$510.48
79,600 at 6.65%$511.00
79,600 at 6.66%$511.53
79,600 at 6.67%$512.06
79,600 at 6.68%$512.59
79,600 at 6.69%$513.11
79,600 at 6.7%$513.64
79,600 at 6.71%$514.17
79,600 at 6.72%$514.70
79,600 at 6.73%$515.23
79,600 at 6.74%$515.76
79,600 at 6.75%$516.28
79,600 at 6.76%$516.81
79,600 at 6.77%$517.34
79,600 at 6.78%$517.87
79,600 at 6.79%$518.40
79,600 at 6.8%$518.93
79,600 at 6.81%$519.46
79,600 at 6.82%$519.99
79,600 at 6.83%$520.52
79,600 at 6.84%$521.06
79,600 at 6.85%$521.59
79,600 at 6.86%$522.12
79,600 at 6.87%$522.65
79,600 at 6.88%$523.18
79,600 at 6.89%$523.71
79,600 at 6.9%$524.25
79,600 at 6.91%$524.78
79,600 at 6.92%$525.31
79,600 at 6.93%$525.84
79,600 at 6.94%$526.38
79,600 at 6.95%$526.91
79,600 at 6.96%$527.44
79,600 at 6.97%$527.98
79,600 at 6.98%$528.51
79,600 at 6.99%$529.05
79,600 at 7%$529.58
79,600 at 7.01%$530.12
79,600 at 7.02%$530.65
79,600 at 7.03%$531.19
79,600 at 7.04%$531.72
79,600 at 7.05%$532.26
79,600 at 7.06%$532.79
79,600 at 7.07%$533.33
79,600 at 7.08%$533.86
79,600 at 7.09%$534.40
79,600 at 7.1%$534.94
79,600 at 7.11%$535.47
79,600 at 7.12%$536.01
79,600 at 7.13%$536.55
79,600 at 7.14%$537.09
79,600 at 7.15%$537.62
79,600 at 7.16%$538.16
79,600 at 7.17%$538.70
79,600 at 7.18%$539.24
79,600 at 7.19%$539.78
79,600 at 7.2%$540.32
79,600 at 7.21%$540.85
79,600 at 7.22%$541.39
79,600 at 7.23%$541.93
79,600 at 7.24%$542.47
79,600 at 7.25%$543.01
79,600 at 7.26%$543.55
79,600 at 7.27%$544.09
79,600 at 7.28%$544.63
79,600 at 7.29%$545.17
79,600 at 7.3%$545.71
79,600 at 7.31%$546.26
79,600 at 7.32%$546.80
79,600 at 7.33%$547.34
79,600 at 7.34%$547.88
79,600 at 7.35%$548.42
79,600 at 7.36%$548.96
79,600 at 7.37%$549.51
79,600 at 7.38%$550.05
79,600 at 7.39%$550.59
79,600 at 7.4%$551.13
79,600 at 7.41%$551.68
79,600 at 7.42%$552.22
79,600 at 7.43%$552.76
79,600 at 7.44%$553.31
79,600 at 7.45%$553.85
79,600 at 7.46%$554.40
79,600 at 7.47%$554.94
79,600 at 7.48%$555.49
79,600 at 7.49%$556.03
79,600 at 7.5%$556.57
79,600 at 7.51%$557.12
79,600 at 7.52%$557.67
79,600 at 7.53%$558.21
79,600 at 7.54%$558.76
79,600 at 7.55%$559.30
79,600 at 7.56%$559.85
79,600 at 7.57%$560.40
79,600 at 7.58%$560.94
79,600 at 7.59%$561.49
79,600 at 7.6%$562.04
79,600 at 7.61%$562.58
79,600 at 7.62%$563.13
79,600 at 7.63%$563.68
79,600 at 7.64%$564.23
79,600 at 7.65%$564.77
79,600 at 7.66%$565.32
79,600 at 7.67%$565.87
79,600 at 7.68%$566.42
79,600 at 7.69%$566.97
79,600 at 7.7%$567.52
79,600 at 7.71%$568.07
79,600 at 7.72%$568.61
79,600 at 7.73%$569.16
79,600 at 7.74%$569.71
79,600 at 7.75%$570.26
79,600 at 7.76%$570.81
79,600 at 7.77%$571.36
79,600 at 7.78%$571.92
79,600 at 7.79%$572.47
79,600 at 7.8%$573.02
79,600 at 7.81%$573.57
79,600 at 7.82%$574.12
79,600 at 7.83%$574.67
79,600 at 7.84%$575.22
79,600 at 7.85%$575.77
79,600 at 7.86%$576.33
79,600 at 7.87%$576.88
79,600 at 7.88%$577.43
79,600 at 7.89%$577.98
79,600 at 7.9%$578.54
79,600 at 7.91%$579.09
79,600 at 7.92%$579.64
79,600 at 7.93%$580.20
79,600 at 7.94%$580.75
79,600 at 7.95%$581.30
79,600 at 7.96%$581.86
79,600 at 7.97%$582.41
79,600 at 7.98%$582.97
79,600 at 7.99%$583.52
79,600 at 8%$584.08
More Amounts
What is the down payment for a $79,600 house? How much do you need to put down?
Percent Down Down Payment
1%796
2%1,592
3%2,388
4%3,184
5%3,980
6%4,776
7%5,572
8%6,368
9%7,164
10%7,960
11%8,756
12%9,552
13%10,348
14%11,144
15%11,940
16%12,736
17%13,532
18%14,328
19%15,124
20%15,920
Percent Down Down Payment
21%16,716
22%17,512
23%18,308
24%19,104
25%19,900
26%20,696
27%21,492
28%22,288
29%23,084
30%23,880
31%24,676
32%25,472
33%26,268
34%27,064
35%27,860
36%28,656
37%29,452
38%30,248
39%31,044
40%31,840
Percent Down Down Payment
41%32,636
42%33,432
43%34,228
44%35,024
45%35,820
46%36,616
47%37,412
48%38,208
49%39,004
50%39,800
51%40,596
52%41,392
53%42,188
54%42,984
55%43,780
56%44,576
57%45,372
58%46,168
59%46,964
60%47,760
Percent Down Down Payment
61%48,556
62%49,352
63%50,148
64%50,944
65%51,740
66%52,536
67%53,332
68%54,128
69%54,924
70%55,720
71%56,516
72%57,312
73%58,108
74%58,904
75%59,700
76%60,496
77%61,292
78%62,088
79%62,884
80%63,680
Percent Down Down Payment
81%64,476
82%65,272
83%66,068
84%66,864
85%67,660
86%68,456
87%69,252
88%70,048
89%70,844
90%71,640
91%72,436
92%73,232
93%74,028
94%74,824
95%75,620
96%76,416
97%77,212
98%78,008
99%78,804
100%79,600
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.