$80,600 Mortgage for 30 Years

What is the monthly payment of a 80,600 dollar loan?
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Loan Tables for a $80,600 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 81k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $80,600 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
80,600 at 2.01%$298.32
80,600 at 2.02%$298.72
80,600 at 2.03%$299.12
80,600 at 2.04%$299.53
80,600 at 2.05%$299.93
80,600 at 2.06%$300.34
80,600 at 2.07%$300.74
80,600 at 2.08%$301.15
80,600 at 2.09%$301.55
80,600 at 2.1%$301.96
80,600 at 2.11%$302.37
80,600 at 2.12%$302.77
80,600 at 2.13%$303.18
80,600 at 2.14%$303.59
80,600 at 2.15%$304.00
80,600 at 2.16%$304.40
80,600 at 2.17%$304.81
80,600 at 2.18%$305.22
80,600 at 2.19%$305.63
80,600 at 2.2%$306.04
80,600 at 2.21%$306.45
80,600 at 2.22%$306.86
80,600 at 2.23%$307.27
80,600 at 2.24%$307.68
80,600 at 2.25%$308.09
80,600 at 2.26%$308.50
80,600 at 2.27%$308.91
80,600 at 2.28%$309.33
80,600 at 2.29%$309.74
80,600 at 2.3%$310.15
80,600 at 2.31%$310.56
80,600 at 2.32%$310.98
80,600 at 2.33%$311.39
80,600 at 2.34%$311.80
80,600 at 2.35%$312.22
80,600 at 2.36%$312.63
80,600 at 2.37%$313.05
80,600 at 2.38%$313.46
80,600 at 2.39%$313.88
80,600 at 2.4%$314.29
80,600 at 2.41%$314.71
80,600 at 2.42%$315.13
80,600 at 2.43%$315.54
80,600 at 2.44%$315.96
80,600 at 2.45%$316.38
80,600 at 2.46%$316.79
80,600 at 2.47%$317.21
80,600 at 2.48%$317.63
80,600 at 2.49%$318.05
80,600 at 2.5%$318.47
80,600 at 2.51%$318.89
80,600 at 2.52%$319.31
80,600 at 2.53%$319.73
80,600 at 2.54%$320.15
80,600 at 2.55%$320.57
80,600 at 2.56%$320.99
80,600 at 2.57%$321.41
80,600 at 2.58%$321.83
80,600 at 2.59%$322.25
80,600 at 2.6%$322.67
80,600 at 2.61%$323.10
80,600 at 2.62%$323.52
80,600 at 2.63%$323.94
80,600 at 2.64%$324.37
80,600 at 2.65%$324.79
80,600 at 2.66%$325.21
80,600 at 2.67%$325.64
80,600 at 2.68%$326.06
80,600 at 2.69%$326.49
80,600 at 2.7%$326.91
80,600 at 2.71%$327.34
80,600 at 2.72%$327.76
80,600 at 2.73%$328.19
80,600 at 2.74%$328.62
80,600 at 2.75%$329.04
80,600 at 2.76%$329.47
80,600 at 2.77%$329.90
80,600 at 2.78%$330.32
80,600 at 2.79%$330.75
80,600 at 2.8%$331.18
80,600 at 2.81%$331.61
80,600 at 2.82%$332.04
80,600 at 2.83%$332.47
80,600 at 2.84%$332.90
80,600 at 2.85%$333.33
80,600 at 2.86%$333.76
80,600 at 2.87%$334.19
80,600 at 2.88%$334.62
80,600 at 2.89%$335.05
80,600 at 2.9%$335.48
80,600 at 2.91%$335.91
80,600 at 2.92%$336.35
80,600 at 2.93%$336.78
80,600 at 2.94%$337.21
80,600 at 2.95%$337.64
80,600 at 2.96%$338.08
80,600 at 2.97%$338.51
80,600 at 2.98%$338.94
80,600 at 2.99%$339.38
80,600 at 3%$339.81
80,600 at 3.01%$340.25
80,600 at 3.02%$340.68
80,600 at 3.03%$341.12
80,600 at 3.04%$341.55
80,600 at 3.05%$341.99
80,600 at 3.06%$342.43
80,600 at 3.07%$342.86
80,600 at 3.08%$343.30
80,600 at 3.09%$343.74
80,600 at 3.1%$344.18
80,600 at 3.11%$344.61
80,600 at 3.12%$345.05
80,600 at 3.13%$345.49
80,600 at 3.14%$345.93
80,600 at 3.15%$346.37
80,600 at 3.16%$346.81
80,600 at 3.17%$347.25
80,600 at 3.18%$347.69
80,600 at 3.19%$348.13
80,600 at 3.2%$348.57
80,600 at 3.21%$349.01
80,600 at 3.22%$349.45
80,600 at 3.23%$349.89
80,600 at 3.24%$350.33
80,600 at 3.25%$350.78
80,600 at 3.26%$351.22
80,600 at 3.27%$351.66
80,600 at 3.28%$352.10
80,600 at 3.29%$352.55
80,600 at 3.3%$352.99
80,600 at 3.31%$353.44
80,600 at 3.32%$353.88
80,600 at 3.33%$354.32
80,600 at 3.34%$354.77
80,600 at 3.35%$355.22
80,600 at 3.36%$355.66
80,600 at 3.37%$356.11
80,600 at 3.38%$356.55
80,600 at 3.39%$357.00
80,600 at 3.4%$357.45
80,600 at 3.41%$357.89
80,600 at 3.42%$358.34
80,600 at 3.43%$358.79
80,600 at 3.44%$359.24
80,600 at 3.45%$359.68
80,600 at 3.46%$360.13
80,600 at 3.47%$360.58
80,600 at 3.48%$361.03
80,600 at 3.49%$361.48
80,600 at 3.5%$361.93
Interest Rate 30 Year
80,600 at 3.51%$362.38
80,600 at 3.52%$362.83
80,600 at 3.53%$363.28
80,600 at 3.54%$363.73
80,600 at 3.55%$364.18
80,600 at 3.56%$364.63
80,600 at 3.57%$365.09
80,600 at 3.58%$365.54
80,600 at 3.59%$365.99
80,600 at 3.6%$366.44
80,600 at 3.61%$366.90
80,600 at 3.62%$367.35
80,600 at 3.63%$367.80
80,600 at 3.64%$368.26
80,600 at 3.65%$368.71
80,600 at 3.66%$369.17
80,600 at 3.67%$369.62
80,600 at 3.68%$370.08
80,600 at 3.69%$370.53
80,600 at 3.7%$370.99
80,600 at 3.71%$371.44
80,600 at 3.72%$371.90
80,600 at 3.73%$372.36
80,600 at 3.74%$372.81
80,600 at 3.75%$373.27
80,600 at 3.76%$373.73
80,600 at 3.77%$374.19
80,600 at 3.78%$374.64
80,600 at 3.79%$375.10
80,600 at 3.8%$375.56
80,600 at 3.81%$376.02
80,600 at 3.82%$376.48
80,600 at 3.83%$376.94
80,600 at 3.84%$377.40
80,600 at 3.85%$377.86
80,600 at 3.86%$378.32
80,600 at 3.87%$378.78
80,600 at 3.88%$379.24
80,600 at 3.89%$379.70
80,600 at 3.9%$380.16
80,600 at 3.91%$380.63
80,600 at 3.92%$381.09
80,600 at 3.93%$381.55
80,600 at 3.94%$382.01
80,600 at 3.95%$382.48
80,600 at 3.96%$382.94
80,600 at 3.97%$383.40
80,600 at 3.98%$383.87
80,600 at 3.99%$384.33
80,600 at 4%$384.80
80,600 at 4.01%$385.26
80,600 at 4.02%$385.73
80,600 at 4.03%$386.19
80,600 at 4.04%$386.66
80,600 at 4.05%$387.12
80,600 at 4.06%$387.59
80,600 at 4.07%$388.06
80,600 at 4.08%$388.52
80,600 at 4.09%$388.99
80,600 at 4.1%$389.46
80,600 at 4.11%$389.93
80,600 at 4.12%$390.39
80,600 at 4.13%$390.86
80,600 at 4.14%$391.33
80,600 at 4.15%$391.80
80,600 at 4.16%$392.27
80,600 at 4.17%$392.74
80,600 at 4.18%$393.21
80,600 at 4.19%$393.68
80,600 at 4.2%$394.15
80,600 at 4.21%$394.62
80,600 at 4.22%$395.09
80,600 at 4.23%$395.56
80,600 at 4.24%$396.03
80,600 at 4.25%$396.50
80,600 at 4.26%$396.98
80,600 at 4.27%$397.45
80,600 at 4.28%$397.92
80,600 at 4.29%$398.39
80,600 at 4.3%$398.87
80,600 at 4.31%$399.34
80,600 at 4.32%$399.81
80,600 at 4.33%$400.29
80,600 at 4.34%$400.76
80,600 at 4.35%$401.24
80,600 at 4.36%$401.71
80,600 at 4.37%$402.19
80,600 at 4.38%$402.66
80,600 at 4.39%$403.14
80,600 at 4.4%$403.61
80,600 at 4.41%$404.09
80,600 at 4.42%$404.57
80,600 at 4.43%$405.04
80,600 at 4.44%$405.52
80,600 at 4.45%$406.00
80,600 at 4.46%$406.47
80,600 at 4.47%$406.95
80,600 at 4.48%$407.43
80,600 at 4.49%$407.91
80,600 at 4.5%$408.39
80,600 at 4.51%$408.87
80,600 at 4.52%$409.35
80,600 at 4.53%$409.83
80,600 at 4.54%$410.31
80,600 at 4.55%$410.79
80,600 at 4.56%$411.27
80,600 at 4.57%$411.75
80,600 at 4.58%$412.23
80,600 at 4.59%$412.71
80,600 at 4.6%$413.19
80,600 at 4.61%$413.67
80,600 at 4.62%$414.16
80,600 at 4.63%$414.64
80,600 at 4.64%$415.12
80,600 at 4.65%$415.60
80,600 at 4.66%$416.09
80,600 at 4.67%$416.57
80,600 at 4.68%$417.05
80,600 at 4.69%$417.54
80,600 at 4.7%$418.02
80,600 at 4.71%$418.51
80,600 at 4.72%$418.99
80,600 at 4.73%$419.48
80,600 at 4.74%$419.96
80,600 at 4.75%$420.45
80,600 at 4.76%$420.93
80,600 at 4.77%$421.42
80,600 at 4.78%$421.91
80,600 at 4.79%$422.39
80,600 at 4.8%$422.88
80,600 at 4.81%$423.37
80,600 at 4.82%$423.86
80,600 at 4.83%$424.34
80,600 at 4.84%$424.83
80,600 at 4.85%$425.32
80,600 at 4.86%$425.81
80,600 at 4.87%$426.30
80,600 at 4.88%$426.79
80,600 at 4.89%$427.28
80,600 at 4.9%$427.77
80,600 at 4.91%$428.26
80,600 at 4.92%$428.75
80,600 at 4.93%$429.24
80,600 at 4.94%$429.73
80,600 at 4.95%$430.22
80,600 at 4.96%$430.71
80,600 at 4.97%$431.20
80,600 at 4.98%$431.69
80,600 at 4.99%$432.19
80,600 at 5%$432.68
Interest Rate 30 Year
80,600 at 5.01%$433.17
80,600 at 5.02%$433.66
80,600 at 5.03%$434.16
80,600 at 5.04%$434.65
80,600 at 5.05%$435.14
80,600 at 5.06%$435.64
80,600 at 5.07%$436.13
80,600 at 5.08%$436.63
80,600 at 5.09%$437.12
80,600 at 5.1%$437.62
80,600 at 5.11%$438.11
80,600 at 5.12%$438.61
80,600 at 5.13%$439.10
80,600 at 5.14%$439.60
80,600 at 5.15%$440.10
80,600 at 5.16%$440.59
80,600 at 5.17%$441.09
80,600 at 5.18%$441.59
80,600 at 5.19%$442.09
80,600 at 5.2%$442.58
80,600 at 5.21%$443.08
80,600 at 5.22%$443.58
80,600 at 5.23%$444.08
80,600 at 5.24%$444.58
80,600 at 5.25%$445.08
80,600 at 5.26%$445.58
80,600 at 5.27%$446.08
80,600 at 5.28%$446.58
80,600 at 5.29%$447.08
80,600 at 5.3%$447.58
80,600 at 5.31%$448.08
80,600 at 5.32%$448.58
80,600 at 5.33%$449.08
80,600 at 5.34%$449.58
80,600 at 5.35%$450.08
80,600 at 5.36%$450.58
80,600 at 5.37%$451.09
80,600 at 5.38%$451.59
80,600 at 5.39%$452.09
80,600 at 5.4%$452.59
80,600 at 5.41%$453.10
80,600 at 5.42%$453.60
80,600 at 5.43%$454.10
80,600 at 5.44%$454.61
80,600 at 5.45%$455.11
80,600 at 5.46%$455.62
80,600 at 5.47%$456.12
80,600 at 5.48%$456.63
80,600 at 5.49%$457.13
80,600 at 5.5%$457.64
80,600 at 5.51%$458.14
80,600 at 5.52%$458.65
80,600 at 5.53%$459.16
80,600 at 5.54%$459.66
80,600 at 5.55%$460.17
80,600 at 5.56%$460.68
80,600 at 5.57%$461.18
80,600 at 5.58%$461.69
80,600 at 5.59%$462.20
80,600 at 5.6%$462.71
80,600 at 5.61%$463.22
80,600 at 5.62%$463.72
80,600 at 5.63%$464.23
80,600 at 5.64%$464.74
80,600 at 5.65%$465.25
80,600 at 5.66%$465.76
80,600 at 5.67%$466.27
80,600 at 5.68%$466.78
80,600 at 5.69%$467.29
80,600 at 5.7%$467.80
80,600 at 5.71%$468.31
80,600 at 5.72%$468.82
80,600 at 5.73%$469.34
80,600 at 5.74%$469.85
80,600 at 5.75%$470.36
80,600 at 5.76%$470.87
80,600 at 5.77%$471.38
80,600 at 5.78%$471.90
80,600 at 5.79%$472.41
80,600 at 5.8%$472.92
80,600 at 5.81%$473.44
80,600 at 5.82%$473.95
80,600 at 5.83%$474.46
80,600 at 5.84%$474.98
80,600 at 5.85%$475.49
80,600 at 5.86%$476.01
80,600 at 5.87%$476.52
80,600 at 5.88%$477.04
80,600 at 5.89%$477.55
80,600 at 5.9%$478.07
80,600 at 5.91%$478.58
80,600 at 5.92%$479.10
80,600 at 5.93%$479.62
80,600 at 5.94%$480.13
80,600 at 5.95%$480.65
80,600 at 5.96%$481.17
80,600 at 5.97%$481.68
80,600 at 5.98%$482.20
80,600 at 5.99%$482.72
80,600 at 6%$483.24
80,600 at 6.01%$483.76
80,600 at 6.02%$484.27
80,600 at 6.03%$484.79
80,600 at 6.04%$485.31
80,600 at 6.05%$485.83
80,600 at 6.06%$486.35
80,600 at 6.07%$486.87
80,600 at 6.08%$487.39
80,600 at 6.09%$487.91
80,600 at 6.1%$488.43
80,600 at 6.11%$488.95
80,600 at 6.12%$489.47
80,600 at 6.13%$489.99
80,600 at 6.14%$490.52
80,600 at 6.15%$491.04
80,600 at 6.16%$491.56
80,600 at 6.17%$492.08
80,600 at 6.18%$492.60
80,600 at 6.19%$493.13
80,600 at 6.2%$493.65
80,600 at 6.21%$494.17
80,600 at 6.22%$494.70
80,600 at 6.23%$495.22
80,600 at 6.24%$495.74
80,600 at 6.25%$496.27
80,600 at 6.26%$496.79
80,600 at 6.27%$497.32
80,600 at 6.28%$497.84
80,600 at 6.29%$498.37
80,600 at 6.3%$498.89
80,600 at 6.31%$499.42
80,600 at 6.32%$499.94
80,600 at 6.33%$500.47
80,600 at 6.34%$501.00
80,600 at 6.35%$501.52
80,600 at 6.36%$502.05
80,600 at 6.37%$502.58
80,600 at 6.38%$503.10
80,600 at 6.39%$503.63
80,600 at 6.4%$504.16
80,600 at 6.41%$504.69
80,600 at 6.42%$505.21
80,600 at 6.43%$505.74
80,600 at 6.44%$506.27
80,600 at 6.45%$506.80
80,600 at 6.46%$507.33
80,600 at 6.47%$507.86
80,600 at 6.48%$508.39
80,600 at 6.49%$508.92
80,600 at 6.5%$509.45
Interest Rate 30 Year
80,600 at 6.51%$509.98
80,600 at 6.52%$510.51
80,600 at 6.53%$511.04
80,600 at 6.54%$511.57
80,600 at 6.55%$512.10
80,600 at 6.56%$512.63
80,600 at 6.57%$513.16
80,600 at 6.58%$513.69
80,600 at 6.59%$514.23
80,600 at 6.6%$514.76
80,600 at 6.61%$515.29
80,600 at 6.62%$515.82
80,600 at 6.63%$516.36
80,600 at 6.64%$516.89
80,600 at 6.65%$517.42
80,600 at 6.66%$517.96
80,600 at 6.67%$518.49
80,600 at 6.68%$519.03
80,600 at 6.69%$519.56
80,600 at 6.7%$520.09
80,600 at 6.71%$520.63
80,600 at 6.72%$521.16
80,600 at 6.73%$521.70
80,600 at 6.74%$522.23
80,600 at 6.75%$522.77
80,600 at 6.76%$523.31
80,600 at 6.77%$523.84
80,600 at 6.78%$524.38
80,600 at 6.79%$524.91
80,600 at 6.8%$525.45
80,600 at 6.81%$525.99
80,600 at 6.82%$526.53
80,600 at 6.83%$527.06
80,600 at 6.84%$527.60
80,600 at 6.85%$528.14
80,600 at 6.86%$528.68
80,600 at 6.87%$529.22
80,600 at 6.88%$529.75
80,600 at 6.89%$530.29
80,600 at 6.9%$530.83
80,600 at 6.91%$531.37
80,600 at 6.92%$531.91
80,600 at 6.93%$532.45
80,600 at 6.94%$532.99
80,600 at 6.95%$533.53
80,600 at 6.96%$534.07
80,600 at 6.97%$534.61
80,600 at 6.98%$535.15
80,600 at 6.99%$535.69
80,600 at 7%$536.23
80,600 at 7.01%$536.78
80,600 at 7.02%$537.32
80,600 at 7.03%$537.86
80,600 at 7.04%$538.40
80,600 at 7.05%$538.94
80,600 at 7.06%$539.49
80,600 at 7.07%$540.03
80,600 at 7.08%$540.57
80,600 at 7.09%$541.11
80,600 at 7.1%$541.66
80,600 at 7.11%$542.20
80,600 at 7.12%$542.75
80,600 at 7.13%$543.29
80,600 at 7.14%$543.83
80,600 at 7.15%$544.38
80,600 at 7.16%$544.92
80,600 at 7.17%$545.47
80,600 at 7.18%$546.01
80,600 at 7.19%$546.56
80,600 at 7.2%$547.10
80,600 at 7.21%$547.65
80,600 at 7.22%$548.19
80,600 at 7.23%$548.74
80,600 at 7.24%$549.29
80,600 at 7.25%$549.83
80,600 at 7.26%$550.38
80,600 at 7.27%$550.93
80,600 at 7.28%$551.48
80,600 at 7.29%$552.02
80,600 at 7.3%$552.57
80,600 at 7.31%$553.12
80,600 at 7.32%$553.67
80,600 at 7.33%$554.21
80,600 at 7.34%$554.76
80,600 at 7.35%$555.31
80,600 at 7.36%$555.86
80,600 at 7.37%$556.41
80,600 at 7.38%$556.96
80,600 at 7.39%$557.51
80,600 at 7.4%$558.06
80,600 at 7.41%$558.61
80,600 at 7.42%$559.16
80,600 at 7.43%$559.71
80,600 at 7.44%$560.26
80,600 at 7.45%$560.81
80,600 at 7.46%$561.36
80,600 at 7.47%$561.91
80,600 at 7.48%$562.46
80,600 at 7.49%$563.02
80,600 at 7.5%$563.57
80,600 at 7.51%$564.12
80,600 at 7.52%$564.67
80,600 at 7.53%$565.22
80,600 at 7.54%$565.78
80,600 at 7.55%$566.33
80,600 at 7.56%$566.88
80,600 at 7.57%$567.44
80,600 at 7.58%$567.99
80,600 at 7.59%$568.54
80,600 at 7.6%$569.10
80,600 at 7.61%$569.65
80,600 at 7.62%$570.20
80,600 at 7.63%$570.76
80,600 at 7.64%$571.31
80,600 at 7.65%$571.87
80,600 at 7.66%$572.42
80,600 at 7.67%$572.98
80,600 at 7.68%$573.53
80,600 at 7.69%$574.09
80,600 at 7.7%$574.65
80,600 at 7.71%$575.20
80,600 at 7.72%$575.76
80,600 at 7.73%$576.31
80,600 at 7.74%$576.87
80,600 at 7.75%$577.43
80,600 at 7.76%$577.99
80,600 at 7.77%$578.54
80,600 at 7.78%$579.10
80,600 at 7.79%$579.66
80,600 at 7.8%$580.22
80,600 at 7.81%$580.77
80,600 at 7.82%$581.33
80,600 at 7.83%$581.89
80,600 at 7.84%$582.45
80,600 at 7.85%$583.01
80,600 at 7.86%$583.57
80,600 at 7.87%$584.13
80,600 at 7.88%$584.69
80,600 at 7.89%$585.25
80,600 at 7.9%$585.81
80,600 at 7.91%$586.37
80,600 at 7.92%$586.93
80,600 at 7.93%$587.49
80,600 at 7.94%$588.05
80,600 at 7.95%$588.61
80,600 at 7.96%$589.17
80,600 at 7.97%$589.73
80,600 at 7.98%$590.29
80,600 at 7.99%$590.85
80,600 at 8%$591.41
More Amounts
What is the down payment for a $80,600 house? How much do you need to put down?
Percent Down Down Payment
1%806
2%1,612
3%2,418
4%3,224
5%4,030
6%4,836
7%5,642
8%6,448
9%7,254
10%8,060
11%8,866
12%9,672
13%10,478
14%11,284
15%12,090
16%12,896
17%13,702
18%14,508
19%15,314
20%16,120
Percent Down Down Payment
21%16,926
22%17,732
23%18,538
24%19,344
25%20,150
26%20,956
27%21,762
28%22,568
29%23,374
30%24,180
31%24,986
32%25,792
33%26,598
34%27,404
35%28,210
36%29,016
37%29,822
38%30,628
39%31,434
40%32,240
Percent Down Down Payment
41%33,046
42%33,852
43%34,658
44%35,464
45%36,270
46%37,076
47%37,882
48%38,688
49%39,494
50%40,300
51%41,106
52%41,912
53%42,718
54%43,524
55%44,330
56%45,136
57%45,942
58%46,748
59%47,554
60%48,360
Percent Down Down Payment
61%49,166
62%49,972
63%50,778
64%51,584
65%52,390
66%53,196
67%54,002
68%54,808
69%55,614
70%56,420
71%57,226
72%58,032
73%58,838
74%59,644
75%60,450
76%61,256
77%62,062
78%62,868
79%63,674
80%64,480
Percent Down Down Payment
81%65,286
82%66,092
83%66,898
84%67,704
85%68,510
86%69,316
87%70,122
88%70,928
89%71,734
90%72,540
91%73,346
92%74,152
93%74,958
94%75,764
95%76,570
96%77,376
97%78,182
98%78,988
99%79,794
100%80,600
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.