$79,700 Mortgage for 30 Years

What is the monthly payment of a 79,700 dollar loan?
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Loan Tables for a $79,700 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 $79,700 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
79,700 at 2.01%$294.99
79,700 at 2.02%$295.38
79,700 at 2.03%$295.78
79,700 at 2.04%$296.18
79,700 at 2.05%$296.58
79,700 at 2.06%$296.98
79,700 at 2.07%$297.38
79,700 at 2.08%$297.79
79,700 at 2.09%$298.19
79,700 at 2.1%$298.59
79,700 at 2.11%$298.99
79,700 at 2.12%$299.39
79,700 at 2.13%$299.79
79,700 at 2.14%$300.20
79,700 at 2.15%$300.60
79,700 at 2.16%$301.00
79,700 at 2.17%$301.41
79,700 at 2.18%$301.81
79,700 at 2.19%$302.22
79,700 at 2.2%$302.62
79,700 at 2.21%$303.03
79,700 at 2.22%$303.43
79,700 at 2.23%$303.84
79,700 at 2.24%$304.24
79,700 at 2.25%$304.65
79,700 at 2.26%$305.06
79,700 at 2.27%$305.46
79,700 at 2.28%$305.87
79,700 at 2.29%$306.28
79,700 at 2.3%$306.69
79,700 at 2.31%$307.09
79,700 at 2.32%$307.50
79,700 at 2.33%$307.91
79,700 at 2.34%$308.32
79,700 at 2.35%$308.73
79,700 at 2.36%$309.14
79,700 at 2.37%$309.55
79,700 at 2.38%$309.96
79,700 at 2.39%$310.37
79,700 at 2.4%$310.78
79,700 at 2.41%$311.19
79,700 at 2.42%$311.61
79,700 at 2.43%$312.02
79,700 at 2.44%$312.43
79,700 at 2.45%$312.84
79,700 at 2.46%$313.26
79,700 at 2.47%$313.67
79,700 at 2.48%$314.08
79,700 at 2.49%$314.50
79,700 at 2.5%$314.91
79,700 at 2.51%$315.33
79,700 at 2.52%$315.74
79,700 at 2.53%$316.16
79,700 at 2.54%$316.57
79,700 at 2.55%$316.99
79,700 at 2.56%$317.40
79,700 at 2.57%$317.82
79,700 at 2.58%$318.24
79,700 at 2.59%$318.65
79,700 at 2.6%$319.07
79,700 at 2.61%$319.49
79,700 at 2.62%$319.91
79,700 at 2.63%$320.32
79,700 at 2.64%$320.74
79,700 at 2.65%$321.16
79,700 at 2.66%$321.58
79,700 at 2.67%$322.00
79,700 at 2.68%$322.42
79,700 at 2.69%$322.84
79,700 at 2.7%$323.26
79,700 at 2.71%$323.68
79,700 at 2.72%$324.10
79,700 at 2.73%$324.52
79,700 at 2.74%$324.95
79,700 at 2.75%$325.37
79,700 at 2.76%$325.79
79,700 at 2.77%$326.21
79,700 at 2.78%$326.64
79,700 at 2.79%$327.06
79,700 at 2.8%$327.48
79,700 at 2.81%$327.91
79,700 at 2.82%$328.33
79,700 at 2.83%$328.76
79,700 at 2.84%$329.18
79,700 at 2.85%$329.61
79,700 at 2.86%$330.03
79,700 at 2.87%$330.46
79,700 at 2.88%$330.88
79,700 at 2.89%$331.31
79,700 at 2.9%$331.74
79,700 at 2.91%$332.16
79,700 at 2.92%$332.59
79,700 at 2.93%$333.02
79,700 at 2.94%$333.44
79,700 at 2.95%$333.87
79,700 at 2.96%$334.30
79,700 at 2.97%$334.73
79,700 at 2.98%$335.16
79,700 at 2.99%$335.59
79,700 at 3%$336.02
79,700 at 3.01%$336.45
79,700 at 3.02%$336.88
79,700 at 3.03%$337.31
79,700 at 3.04%$337.74
79,700 at 3.05%$338.17
79,700 at 3.06%$338.60
79,700 at 3.07%$339.03
79,700 at 3.08%$339.47
79,700 at 3.09%$339.90
79,700 at 3.1%$340.33
79,700 at 3.11%$340.77
79,700 at 3.12%$341.20
79,700 at 3.13%$341.63
79,700 at 3.14%$342.07
79,700 at 3.15%$342.50
79,700 at 3.16%$342.93
79,700 at 3.17%$343.37
79,700 at 3.18%$343.80
79,700 at 3.19%$344.24
79,700 at 3.2%$344.68
79,700 at 3.21%$345.11
79,700 at 3.22%$345.55
79,700 at 3.23%$345.99
79,700 at 3.24%$346.42
79,700 at 3.25%$346.86
79,700 at 3.26%$347.30
79,700 at 3.27%$347.73
79,700 at 3.28%$348.17
79,700 at 3.29%$348.61
79,700 at 3.3%$349.05
79,700 at 3.31%$349.49
79,700 at 3.32%$349.93
79,700 at 3.33%$350.37
79,700 at 3.34%$350.81
79,700 at 3.35%$351.25
79,700 at 3.36%$351.69
79,700 at 3.37%$352.13
79,700 at 3.38%$352.57
79,700 at 3.39%$353.01
79,700 at 3.4%$353.45
79,700 at 3.41%$353.90
79,700 at 3.42%$354.34
79,700 at 3.43%$354.78
79,700 at 3.44%$355.22
79,700 at 3.45%$355.67
79,700 at 3.46%$356.11
79,700 at 3.47%$356.56
79,700 at 3.48%$357.00
79,700 at 3.49%$357.44
79,700 at 3.5%$357.89
Interest Rate 30 Year
79,700 at 3.51%$358.33
79,700 at 3.52%$358.78
79,700 at 3.53%$359.22
79,700 at 3.54%$359.67
79,700 at 3.55%$360.12
79,700 at 3.56%$360.56
79,700 at 3.57%$361.01
79,700 at 3.58%$361.46
79,700 at 3.59%$361.90
79,700 at 3.6%$362.35
79,700 at 3.61%$362.80
79,700 at 3.62%$363.25
79,700 at 3.63%$363.70
79,700 at 3.64%$364.15
79,700 at 3.65%$364.60
79,700 at 3.66%$365.04
79,700 at 3.67%$365.49
79,700 at 3.68%$365.94
79,700 at 3.69%$366.39
79,700 at 3.7%$366.85
79,700 at 3.71%$367.30
79,700 at 3.72%$367.75
79,700 at 3.73%$368.20
79,700 at 3.74%$368.65
79,700 at 3.75%$369.10
79,700 at 3.76%$369.56
79,700 at 3.77%$370.01
79,700 at 3.78%$370.46
79,700 at 3.79%$370.91
79,700 at 3.8%$371.37
79,700 at 3.81%$371.82
79,700 at 3.82%$372.28
79,700 at 3.83%$372.73
79,700 at 3.84%$373.19
79,700 at 3.85%$373.64
79,700 at 3.86%$374.10
79,700 at 3.87%$374.55
79,700 at 3.88%$375.01
79,700 at 3.89%$375.46
79,700 at 3.9%$375.92
79,700 at 3.91%$376.38
79,700 at 3.92%$376.83
79,700 at 3.93%$377.29
79,700 at 3.94%$377.75
79,700 at 3.95%$378.21
79,700 at 3.96%$378.66
79,700 at 3.97%$379.12
79,700 at 3.98%$379.58
79,700 at 3.99%$380.04
79,700 at 4%$380.50
79,700 at 4.01%$380.96
79,700 at 4.02%$381.42
79,700 at 4.03%$381.88
79,700 at 4.04%$382.34
79,700 at 4.05%$382.80
79,700 at 4.06%$383.26
79,700 at 4.07%$383.72
79,700 at 4.08%$384.18
79,700 at 4.09%$384.65
79,700 at 4.1%$385.11
79,700 at 4.11%$385.57
79,700 at 4.12%$386.03
79,700 at 4.13%$386.50
79,700 at 4.14%$386.96
79,700 at 4.15%$387.42
79,700 at 4.16%$387.89
79,700 at 4.17%$388.35
79,700 at 4.18%$388.82
79,700 at 4.19%$389.28
79,700 at 4.2%$389.75
79,700 at 4.21%$390.21
79,700 at 4.22%$390.68
79,700 at 4.23%$391.14
79,700 at 4.24%$391.61
79,700 at 4.25%$392.08
79,700 at 4.26%$392.54
79,700 at 4.27%$393.01
79,700 at 4.28%$393.48
79,700 at 4.29%$393.94
79,700 at 4.3%$394.41
79,700 at 4.31%$394.88
79,700 at 4.32%$395.35
79,700 at 4.33%$395.82
79,700 at 4.34%$396.29
79,700 at 4.35%$396.76
79,700 at 4.36%$397.23
79,700 at 4.37%$397.70
79,700 at 4.38%$398.17
79,700 at 4.39%$398.64
79,700 at 4.4%$399.11
79,700 at 4.41%$399.58
79,700 at 4.42%$400.05
79,700 at 4.43%$400.52
79,700 at 4.44%$400.99
79,700 at 4.45%$401.46
79,700 at 4.46%$401.94
79,700 at 4.47%$402.41
79,700 at 4.48%$402.88
79,700 at 4.49%$403.35
79,700 at 4.5%$403.83
79,700 at 4.51%$404.30
79,700 at 4.52%$404.78
79,700 at 4.53%$405.25
79,700 at 4.54%$405.72
79,700 at 4.55%$406.20
79,700 at 4.56%$406.67
79,700 at 4.57%$407.15
79,700 at 4.58%$407.63
79,700 at 4.59%$408.10
79,700 at 4.6%$408.58
79,700 at 4.61%$409.05
79,700 at 4.62%$409.53
79,700 at 4.63%$410.01
79,700 at 4.64%$410.48
79,700 at 4.65%$410.96
79,700 at 4.66%$411.44
79,700 at 4.67%$411.92
79,700 at 4.68%$412.40
79,700 at 4.69%$412.88
79,700 at 4.7%$413.35
79,700 at 4.71%$413.83
79,700 at 4.72%$414.31
79,700 at 4.73%$414.79
79,700 at 4.74%$415.27
79,700 at 4.75%$415.75
79,700 at 4.76%$416.23
79,700 at 4.77%$416.71
79,700 at 4.78%$417.20
79,700 at 4.79%$417.68
79,700 at 4.8%$418.16
79,700 at 4.81%$418.64
79,700 at 4.82%$419.12
79,700 at 4.83%$419.60
79,700 at 4.84%$420.09
79,700 at 4.85%$420.57
79,700 at 4.86%$421.05
79,700 at 4.87%$421.54
79,700 at 4.88%$422.02
79,700 at 4.89%$422.50
79,700 at 4.9%$422.99
79,700 at 4.91%$423.47
79,700 at 4.92%$423.96
79,700 at 4.93%$424.44
79,700 at 4.94%$424.93
79,700 at 4.95%$425.41
79,700 at 4.96%$425.90
79,700 at 4.97%$426.39
79,700 at 4.98%$426.87
79,700 at 4.99%$427.36
79,700 at 5%$427.85
Interest Rate 30 Year
79,700 at 5.01%$428.33
79,700 at 5.02%$428.82
79,700 at 5.03%$429.31
79,700 at 5.04%$429.80
79,700 at 5.05%$430.29
79,700 at 5.06%$430.77
79,700 at 5.07%$431.26
79,700 at 5.08%$431.75
79,700 at 5.09%$432.24
79,700 at 5.1%$432.73
79,700 at 5.11%$433.22
79,700 at 5.12%$433.71
79,700 at 5.13%$434.20
79,700 at 5.14%$434.69
79,700 at 5.15%$435.18
79,700 at 5.16%$435.67
79,700 at 5.17%$436.17
79,700 at 5.18%$436.66
79,700 at 5.19%$437.15
79,700 at 5.2%$437.64
79,700 at 5.21%$438.13
79,700 at 5.22%$438.63
79,700 at 5.23%$439.12
79,700 at 5.24%$439.61
79,700 at 5.25%$440.11
79,700 at 5.26%$440.60
79,700 at 5.27%$441.09
79,700 at 5.28%$441.59
79,700 at 5.29%$442.08
79,700 at 5.3%$442.58
79,700 at 5.31%$443.07
79,700 at 5.32%$443.57
79,700 at 5.33%$444.06
79,700 at 5.34%$444.56
79,700 at 5.35%$445.06
79,700 at 5.36%$445.55
79,700 at 5.37%$446.05
79,700 at 5.38%$446.55
79,700 at 5.39%$447.04
79,700 at 5.4%$447.54
79,700 at 5.41%$448.04
79,700 at 5.42%$448.54
79,700 at 5.43%$449.03
79,700 at 5.44%$449.53
79,700 at 5.45%$450.03
79,700 at 5.46%$450.53
79,700 at 5.47%$451.03
79,700 at 5.48%$451.53
79,700 at 5.49%$452.03
79,700 at 5.5%$452.53
79,700 at 5.51%$453.03
79,700 at 5.52%$453.53
79,700 at 5.53%$454.03
79,700 at 5.54%$454.53
79,700 at 5.55%$455.03
79,700 at 5.56%$455.53
79,700 at 5.57%$456.03
79,700 at 5.58%$456.54
79,700 at 5.59%$457.04
79,700 at 5.6%$457.54
79,700 at 5.61%$458.04
79,700 at 5.62%$458.55
79,700 at 5.63%$459.05
79,700 at 5.64%$459.55
79,700 at 5.65%$460.06
79,700 at 5.66%$460.56
79,700 at 5.67%$461.07
79,700 at 5.68%$461.57
79,700 at 5.69%$462.07
79,700 at 5.7%$462.58
79,700 at 5.71%$463.08
79,700 at 5.72%$463.59
79,700 at 5.73%$464.10
79,700 at 5.74%$464.60
79,700 at 5.75%$465.11
79,700 at 5.76%$465.61
79,700 at 5.77%$466.12
79,700 at 5.78%$466.63
79,700 at 5.79%$467.13
79,700 at 5.8%$467.64
79,700 at 5.81%$468.15
79,700 at 5.82%$468.66
79,700 at 5.83%$469.17
79,700 at 5.84%$469.67
79,700 at 5.85%$470.18
79,700 at 5.86%$470.69
79,700 at 5.87%$471.20
79,700 at 5.88%$471.71
79,700 at 5.89%$472.22
79,700 at 5.9%$472.73
79,700 at 5.91%$473.24
79,700 at 5.92%$473.75
79,700 at 5.93%$474.26
79,700 at 5.94%$474.77
79,700 at 5.95%$475.28
79,700 at 5.96%$475.79
79,700 at 5.97%$476.31
79,700 at 5.98%$476.82
79,700 at 5.99%$477.33
79,700 at 6%$477.84
79,700 at 6.01%$478.35
79,700 at 6.02%$478.87
79,700 at 6.03%$479.38
79,700 at 6.04%$479.89
79,700 at 6.05%$480.41
79,700 at 6.06%$480.92
79,700 at 6.07%$481.43
79,700 at 6.08%$481.95
79,700 at 6.09%$482.46
79,700 at 6.1%$482.98
79,700 at 6.11%$483.49
79,700 at 6.12%$484.01
79,700 at 6.13%$484.52
79,700 at 6.14%$485.04
79,700 at 6.15%$485.55
79,700 at 6.16%$486.07
79,700 at 6.17%$486.59
79,700 at 6.18%$487.10
79,700 at 6.19%$487.62
79,700 at 6.2%$488.14
79,700 at 6.21%$488.66
79,700 at 6.22%$489.17
79,700 at 6.23%$489.69
79,700 at 6.24%$490.21
79,700 at 6.25%$490.73
79,700 at 6.26%$491.25
79,700 at 6.27%$491.76
79,700 at 6.28%$492.28
79,700 at 6.29%$492.80
79,700 at 6.3%$493.32
79,700 at 6.31%$493.84
79,700 at 6.32%$494.36
79,700 at 6.33%$494.88
79,700 at 6.34%$495.40
79,700 at 6.35%$495.92
79,700 at 6.36%$496.44
79,700 at 6.37%$496.96
79,700 at 6.38%$497.48
79,700 at 6.39%$498.01
79,700 at 6.4%$498.53
79,700 at 6.41%$499.05
79,700 at 6.42%$499.57
79,700 at 6.43%$500.09
79,700 at 6.44%$500.62
79,700 at 6.45%$501.14
79,700 at 6.46%$501.66
79,700 at 6.47%$502.19
79,700 at 6.48%$502.71
79,700 at 6.49%$503.23
79,700 at 6.5%$503.76
Interest Rate 30 Year
79,700 at 6.51%$504.28
79,700 at 6.52%$504.81
79,700 at 6.53%$505.33
79,700 at 6.54%$505.86
79,700 at 6.55%$506.38
79,700 at 6.56%$506.91
79,700 at 6.57%$507.43
79,700 at 6.58%$507.96
79,700 at 6.59%$508.48
79,700 at 6.6%$509.01
79,700 at 6.61%$509.54
79,700 at 6.62%$510.06
79,700 at 6.63%$510.59
79,700 at 6.64%$511.12
79,700 at 6.65%$511.65
79,700 at 6.66%$512.17
79,700 at 6.67%$512.70
79,700 at 6.68%$513.23
79,700 at 6.69%$513.76
79,700 at 6.7%$514.29
79,700 at 6.71%$514.82
79,700 at 6.72%$515.34
79,700 at 6.73%$515.87
79,700 at 6.74%$516.40
79,700 at 6.75%$516.93
79,700 at 6.76%$517.46
79,700 at 6.77%$517.99
79,700 at 6.78%$518.52
79,700 at 6.79%$519.05
79,700 at 6.8%$519.58
79,700 at 6.81%$520.12
79,700 at 6.82%$520.65
79,700 at 6.83%$521.18
79,700 at 6.84%$521.71
79,700 at 6.85%$522.24
79,700 at 6.86%$522.77
79,700 at 6.87%$523.31
79,700 at 6.88%$523.84
79,700 at 6.89%$524.37
79,700 at 6.9%$524.90
79,700 at 6.91%$525.44
79,700 at 6.92%$525.97
79,700 at 6.93%$526.50
79,700 at 6.94%$527.04
79,700 at 6.95%$527.57
79,700 at 6.96%$528.11
79,700 at 6.97%$528.64
79,700 at 6.98%$529.18
79,700 at 6.99%$529.71
79,700 at 7%$530.25
79,700 at 7.01%$530.78
79,700 at 7.02%$531.32
79,700 at 7.03%$531.85
79,700 at 7.04%$532.39
79,700 at 7.05%$532.93
79,700 at 7.06%$533.46
79,700 at 7.07%$534.00
79,700 at 7.08%$534.54
79,700 at 7.09%$535.07
79,700 at 7.1%$535.61
79,700 at 7.11%$536.15
79,700 at 7.12%$536.68
79,700 at 7.13%$537.22
79,700 at 7.14%$537.76
79,700 at 7.15%$538.30
79,700 at 7.16%$538.84
79,700 at 7.17%$539.38
79,700 at 7.18%$539.92
79,700 at 7.19%$540.45
79,700 at 7.2%$540.99
79,700 at 7.21%$541.53
79,700 at 7.22%$542.07
79,700 at 7.23%$542.61
79,700 at 7.24%$543.15
79,700 at 7.25%$543.69
79,700 at 7.26%$544.24
79,700 at 7.27%$544.78
79,700 at 7.28%$545.32
79,700 at 7.29%$545.86
79,700 at 7.3%$546.40
79,700 at 7.31%$546.94
79,700 at 7.32%$547.48
79,700 at 7.33%$548.03
79,700 at 7.34%$548.57
79,700 at 7.35%$549.11
79,700 at 7.36%$549.65
79,700 at 7.37%$550.20
79,700 at 7.38%$550.74
79,700 at 7.39%$551.28
79,700 at 7.4%$551.83
79,700 at 7.41%$552.37
79,700 at 7.42%$552.91
79,700 at 7.43%$553.46
79,700 at 7.44%$554.00
79,700 at 7.45%$554.55
79,700 at 7.46%$555.09
79,700 at 7.47%$555.64
79,700 at 7.48%$556.18
79,700 at 7.49%$556.73
79,700 at 7.5%$557.27
79,700 at 7.51%$557.82
79,700 at 7.52%$558.37
79,700 at 7.53%$558.91
79,700 at 7.54%$559.46
79,700 at 7.55%$560.01
79,700 at 7.56%$560.55
79,700 at 7.57%$561.10
79,700 at 7.58%$561.65
79,700 at 7.59%$562.19
79,700 at 7.6%$562.74
79,700 at 7.61%$563.29
79,700 at 7.62%$563.84
79,700 at 7.63%$564.39
79,700 at 7.64%$564.93
79,700 at 7.65%$565.48
79,700 at 7.66%$566.03
79,700 at 7.67%$566.58
79,700 at 7.68%$567.13
79,700 at 7.69%$567.68
79,700 at 7.7%$568.23
79,700 at 7.71%$568.78
79,700 at 7.72%$569.33
79,700 at 7.73%$569.88
79,700 at 7.74%$570.43
79,700 at 7.75%$570.98
79,700 at 7.76%$571.53
79,700 at 7.77%$572.08
79,700 at 7.78%$572.63
79,700 at 7.79%$573.19
79,700 at 7.8%$573.74
79,700 at 7.81%$574.29
79,700 at 7.82%$574.84
79,700 at 7.83%$575.39
79,700 at 7.84%$575.95
79,700 at 7.85%$576.50
79,700 at 7.86%$577.05
79,700 at 7.87%$577.60
79,700 at 7.88%$578.16
79,700 at 7.89%$578.71
79,700 at 7.9%$579.26
79,700 at 7.91%$579.82
79,700 at 7.92%$580.37
79,700 at 7.93%$580.93
79,700 at 7.94%$581.48
79,700 at 7.95%$582.03
79,700 at 7.96%$582.59
79,700 at 7.97%$583.14
79,700 at 7.98%$583.70
79,700 at 7.99%$584.25
79,700 at 8%$584.81
More Amounts
What is the down payment for a $79,700 house? How much do you need to put down?
Percent Down Down Payment
1%797
2%1,594
3%2,391
4%3,188
5%3,985
6%4,782
7%5,579
8%6,376
9%7,173
10%7,970
11%8,767
12%9,564
13%10,361
14%11,158
15%11,955
16%12,752
17%13,549
18%14,346
19%15,143
20%15,940
Percent Down Down Payment
21%16,737
22%17,534
23%18,331
24%19,128
25%19,925
26%20,722
27%21,519
28%22,316
29%23,113
30%23,910
31%24,707
32%25,504
33%26,301
34%27,098
35%27,895
36%28,692
37%29,489
38%30,286
39%31,083
40%31,880
Percent Down Down Payment
41%32,677
42%33,474
43%34,271
44%35,068
45%35,865
46%36,662
47%37,459
48%38,256
49%39,053
50%39,850
51%40,647
52%41,444
53%42,241
54%43,038
55%43,835
56%44,632
57%45,429
58%46,226
59%47,023
60%47,820
Percent Down Down Payment
61%48,617
62%49,414
63%50,211
64%51,008
65%51,805
66%52,602
67%53,399
68%54,196
69%54,993
70%55,790
71%56,587
72%57,384
73%58,181
74%58,978
75%59,775
76%60,572
77%61,369
78%62,166
79%62,963
80%63,760
Percent Down Down Payment
81%64,557
82%65,354
83%66,151
84%66,948
85%67,745
86%68,542
87%69,339
88%70,136
89%70,933
90%71,730
91%72,527
92%73,324
93%74,121
94%74,918
95%75,715
96%76,512
97%77,309
98%78,106
99%78,903
100%79,700
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.