$80,900 Mortgage for 30 Years

What is the monthly payment of a 80,900 dollar loan?
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Loan Tables for a $80,900 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 $80,900 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
80,900 at 2.01%$299.43
80,900 at 2.02%$299.83
80,900 at 2.03%$300.24
80,900 at 2.04%$300.64
80,900 at 2.05%$301.05
80,900 at 2.06%$301.46
80,900 at 2.07%$301.86
80,900 at 2.08%$302.27
80,900 at 2.09%$302.68
80,900 at 2.1%$303.08
80,900 at 2.11%$303.49
80,900 at 2.12%$303.90
80,900 at 2.13%$304.31
80,900 at 2.14%$304.72
80,900 at 2.15%$305.13
80,900 at 2.16%$305.54
80,900 at 2.17%$305.95
80,900 at 2.18%$306.36
80,900 at 2.19%$306.77
80,900 at 2.2%$307.18
80,900 at 2.21%$307.59
80,900 at 2.22%$308.00
80,900 at 2.23%$308.41
80,900 at 2.24%$308.82
80,900 at 2.25%$309.24
80,900 at 2.26%$309.65
80,900 at 2.27%$310.06
80,900 at 2.28%$310.48
80,900 at 2.29%$310.89
80,900 at 2.3%$311.30
80,900 at 2.31%$311.72
80,900 at 2.32%$312.13
80,900 at 2.33%$312.55
80,900 at 2.34%$312.96
80,900 at 2.35%$313.38
80,900 at 2.36%$313.80
80,900 at 2.37%$314.21
80,900 at 2.38%$314.63
80,900 at 2.39%$315.05
80,900 at 2.4%$315.46
80,900 at 2.41%$315.88
80,900 at 2.42%$316.30
80,900 at 2.43%$316.72
80,900 at 2.44%$317.13
80,900 at 2.45%$317.55
80,900 at 2.46%$317.97
80,900 at 2.47%$318.39
80,900 at 2.48%$318.81
80,900 at 2.49%$319.23
80,900 at 2.5%$319.65
80,900 at 2.51%$320.07
80,900 at 2.52%$320.49
80,900 at 2.53%$320.92
80,900 at 2.54%$321.34
80,900 at 2.55%$321.76
80,900 at 2.56%$322.18
80,900 at 2.57%$322.60
80,900 at 2.58%$323.03
80,900 at 2.59%$323.45
80,900 at 2.6%$323.87
80,900 at 2.61%$324.30
80,900 at 2.62%$324.72
80,900 at 2.63%$325.15
80,900 at 2.64%$325.57
80,900 at 2.65%$326.00
80,900 at 2.66%$326.42
80,900 at 2.67%$326.85
80,900 at 2.68%$327.28
80,900 at 2.69%$327.70
80,900 at 2.7%$328.13
80,900 at 2.71%$328.56
80,900 at 2.72%$328.98
80,900 at 2.73%$329.41
80,900 at 2.74%$329.84
80,900 at 2.75%$330.27
80,900 at 2.76%$330.70
80,900 at 2.77%$331.12
80,900 at 2.78%$331.55
80,900 at 2.79%$331.98
80,900 at 2.8%$332.41
80,900 at 2.81%$332.84
80,900 at 2.82%$333.27
80,900 at 2.83%$333.71
80,900 at 2.84%$334.14
80,900 at 2.85%$334.57
80,900 at 2.86%$335.00
80,900 at 2.87%$335.43
80,900 at 2.88%$335.86
80,900 at 2.89%$336.30
80,900 at 2.9%$336.73
80,900 at 2.91%$337.16
80,900 at 2.92%$337.60
80,900 at 2.93%$338.03
80,900 at 2.94%$338.47
80,900 at 2.95%$338.90
80,900 at 2.96%$339.33
80,900 at 2.97%$339.77
80,900 at 2.98%$340.21
80,900 at 2.99%$340.64
80,900 at 3%$341.08
80,900 at 3.01%$341.51
80,900 at 3.02%$341.95
80,900 at 3.03%$342.39
80,900 at 3.04%$342.83
80,900 at 3.05%$343.26
80,900 at 3.06%$343.70
80,900 at 3.07%$344.14
80,900 at 3.08%$344.58
80,900 at 3.09%$345.02
80,900 at 3.1%$345.46
80,900 at 3.11%$345.90
80,900 at 3.12%$346.34
80,900 at 3.13%$346.78
80,900 at 3.14%$347.22
80,900 at 3.15%$347.66
80,900 at 3.16%$348.10
80,900 at 3.17%$348.54
80,900 at 3.18%$348.98
80,900 at 3.19%$349.42
80,900 at 3.2%$349.87
80,900 at 3.21%$350.31
80,900 at 3.22%$350.75
80,900 at 3.23%$351.19
80,900 at 3.24%$351.64
80,900 at 3.25%$352.08
80,900 at 3.26%$352.53
80,900 at 3.27%$352.97
80,900 at 3.28%$353.42
80,900 at 3.29%$353.86
80,900 at 3.3%$354.31
80,900 at 3.31%$354.75
80,900 at 3.32%$355.20
80,900 at 3.33%$355.64
80,900 at 3.34%$356.09
80,900 at 3.35%$356.54
80,900 at 3.36%$356.98
80,900 at 3.37%$357.43
80,900 at 3.38%$357.88
80,900 at 3.39%$358.33
80,900 at 3.4%$358.78
80,900 at 3.41%$359.23
80,900 at 3.42%$359.67
80,900 at 3.43%$360.12
80,900 at 3.44%$360.57
80,900 at 3.45%$361.02
80,900 at 3.46%$361.47
80,900 at 3.47%$361.92
80,900 at 3.48%$362.37
80,900 at 3.49%$362.83
80,900 at 3.5%$363.28
Interest Rate 30 Year
80,900 at 3.51%$363.73
80,900 at 3.52%$364.18
80,900 at 3.53%$364.63
80,900 at 3.54%$365.09
80,900 at 3.55%$365.54
80,900 at 3.56%$365.99
80,900 at 3.57%$366.45
80,900 at 3.58%$366.90
80,900 at 3.59%$367.35
80,900 at 3.6%$367.81
80,900 at 3.61%$368.26
80,900 at 3.62%$368.72
80,900 at 3.63%$369.17
80,900 at 3.64%$369.63
80,900 at 3.65%$370.08
80,900 at 3.66%$370.54
80,900 at 3.67%$371.00
80,900 at 3.68%$371.45
80,900 at 3.69%$371.91
80,900 at 3.7%$372.37
80,900 at 3.71%$372.83
80,900 at 3.72%$373.28
80,900 at 3.73%$373.74
80,900 at 3.74%$374.20
80,900 at 3.75%$374.66
80,900 at 3.76%$375.12
80,900 at 3.77%$375.58
80,900 at 3.78%$376.04
80,900 at 3.79%$376.50
80,900 at 3.8%$376.96
80,900 at 3.81%$377.42
80,900 at 3.82%$377.88
80,900 at 3.83%$378.34
80,900 at 3.84%$378.80
80,900 at 3.85%$379.27
80,900 at 3.86%$379.73
80,900 at 3.87%$380.19
80,900 at 3.88%$380.65
80,900 at 3.89%$381.12
80,900 at 3.9%$381.58
80,900 at 3.91%$382.04
80,900 at 3.92%$382.51
80,900 at 3.93%$382.97
80,900 at 3.94%$383.44
80,900 at 3.95%$383.90
80,900 at 3.96%$384.37
80,900 at 3.97%$384.83
80,900 at 3.98%$385.30
80,900 at 3.99%$385.76
80,900 at 4%$386.23
80,900 at 4.01%$386.70
80,900 at 4.02%$387.16
80,900 at 4.03%$387.63
80,900 at 4.04%$388.10
80,900 at 4.05%$388.56
80,900 at 4.06%$389.03
80,900 at 4.07%$389.50
80,900 at 4.08%$389.97
80,900 at 4.09%$390.44
80,900 at 4.1%$390.91
80,900 at 4.11%$391.38
80,900 at 4.12%$391.85
80,900 at 4.13%$392.32
80,900 at 4.14%$392.79
80,900 at 4.15%$393.26
80,900 at 4.16%$393.73
80,900 at 4.17%$394.20
80,900 at 4.18%$394.67
80,900 at 4.19%$395.14
80,900 at 4.2%$395.61
80,900 at 4.21%$396.09
80,900 at 4.22%$396.56
80,900 at 4.23%$397.03
80,900 at 4.24%$397.51
80,900 at 4.25%$397.98
80,900 at 4.26%$398.45
80,900 at 4.27%$398.93
80,900 at 4.28%$399.40
80,900 at 4.29%$399.88
80,900 at 4.3%$400.35
80,900 at 4.31%$400.83
80,900 at 4.32%$401.30
80,900 at 4.33%$401.78
80,900 at 4.34%$402.25
80,900 at 4.35%$402.73
80,900 at 4.36%$403.21
80,900 at 4.37%$403.68
80,900 at 4.38%$404.16
80,900 at 4.39%$404.64
80,900 at 4.4%$405.12
80,900 at 4.41%$405.59
80,900 at 4.42%$406.07
80,900 at 4.43%$406.55
80,900 at 4.44%$407.03
80,900 at 4.45%$407.51
80,900 at 4.46%$407.99
80,900 at 4.47%$408.47
80,900 at 4.48%$408.95
80,900 at 4.49%$409.43
80,900 at 4.5%$409.91
80,900 at 4.51%$410.39
80,900 at 4.52%$410.87
80,900 at 4.53%$411.35
80,900 at 4.54%$411.83
80,900 at 4.55%$412.32
80,900 at 4.56%$412.80
80,900 at 4.57%$413.28
80,900 at 4.58%$413.76
80,900 at 4.59%$414.25
80,900 at 4.6%$414.73
80,900 at 4.61%$415.21
80,900 at 4.62%$415.70
80,900 at 4.63%$416.18
80,900 at 4.64%$416.67
80,900 at 4.65%$417.15
80,900 at 4.66%$417.64
80,900 at 4.67%$418.12
80,900 at 4.68%$418.61
80,900 at 4.69%$419.09
80,900 at 4.7%$419.58
80,900 at 4.71%$420.06
80,900 at 4.72%$420.55
80,900 at 4.73%$421.04
80,900 at 4.74%$421.53
80,900 at 4.75%$422.01
80,900 at 4.76%$422.50
80,900 at 4.77%$422.99
80,900 at 4.78%$423.48
80,900 at 4.79%$423.97
80,900 at 4.8%$424.45
80,900 at 4.81%$424.94
80,900 at 4.82%$425.43
80,900 at 4.83%$425.92
80,900 at 4.84%$426.41
80,900 at 4.85%$426.90
80,900 at 4.86%$427.39
80,900 at 4.87%$427.88
80,900 at 4.88%$428.38
80,900 at 4.89%$428.87
80,900 at 4.9%$429.36
80,900 at 4.91%$429.85
80,900 at 4.92%$430.34
80,900 at 4.93%$430.83
80,900 at 4.94%$431.33
80,900 at 4.95%$431.82
80,900 at 4.96%$432.31
80,900 at 4.97%$432.81
80,900 at 4.98%$433.30
80,900 at 4.99%$433.79
80,900 at 5%$434.29
Interest Rate 30 Year
80,900 at 5.01%$434.78
80,900 at 5.02%$435.28
80,900 at 5.03%$435.77
80,900 at 5.04%$436.27
80,900 at 5.05%$436.76
80,900 at 5.06%$437.26
80,900 at 5.07%$437.76
80,900 at 5.08%$438.25
80,900 at 5.09%$438.75
80,900 at 5.1%$439.25
80,900 at 5.11%$439.74
80,900 at 5.12%$440.24
80,900 at 5.13%$440.74
80,900 at 5.14%$441.24
80,900 at 5.15%$441.74
80,900 at 5.16%$442.23
80,900 at 5.17%$442.73
80,900 at 5.18%$443.23
80,900 at 5.19%$443.73
80,900 at 5.2%$444.23
80,900 at 5.21%$444.73
80,900 at 5.22%$445.23
80,900 at 5.23%$445.73
80,900 at 5.24%$446.23
80,900 at 5.25%$446.73
80,900 at 5.26%$447.23
80,900 at 5.27%$447.74
80,900 at 5.28%$448.24
80,900 at 5.29%$448.74
80,900 at 5.3%$449.24
80,900 at 5.31%$449.74
80,900 at 5.32%$450.25
80,900 at 5.33%$450.75
80,900 at 5.34%$451.25
80,900 at 5.35%$451.76
80,900 at 5.36%$452.26
80,900 at 5.37%$452.76
80,900 at 5.38%$453.27
80,900 at 5.39%$453.77
80,900 at 5.4%$454.28
80,900 at 5.41%$454.78
80,900 at 5.42%$455.29
80,900 at 5.43%$455.79
80,900 at 5.44%$456.30
80,900 at 5.45%$456.81
80,900 at 5.46%$457.31
80,900 at 5.47%$457.82
80,900 at 5.48%$458.33
80,900 at 5.49%$458.83
80,900 at 5.5%$459.34
80,900 at 5.51%$459.85
80,900 at 5.52%$460.36
80,900 at 5.53%$460.87
80,900 at 5.54%$461.37
80,900 at 5.55%$461.88
80,900 at 5.56%$462.39
80,900 at 5.57%$462.90
80,900 at 5.58%$463.41
80,900 at 5.59%$463.92
80,900 at 5.6%$464.43
80,900 at 5.61%$464.94
80,900 at 5.62%$465.45
80,900 at 5.63%$465.96
80,900 at 5.64%$466.47
80,900 at 5.65%$466.98
80,900 at 5.66%$467.50
80,900 at 5.67%$468.01
80,900 at 5.68%$468.52
80,900 at 5.69%$469.03
80,900 at 5.7%$469.54
80,900 at 5.71%$470.06
80,900 at 5.72%$470.57
80,900 at 5.73%$471.08
80,900 at 5.74%$471.60
80,900 at 5.75%$472.11
80,900 at 5.76%$472.62
80,900 at 5.77%$473.14
80,900 at 5.78%$473.65
80,900 at 5.79%$474.17
80,900 at 5.8%$474.68
80,900 at 5.81%$475.20
80,900 at 5.82%$475.71
80,900 at 5.83%$476.23
80,900 at 5.84%$476.75
80,900 at 5.85%$477.26
80,900 at 5.86%$477.78
80,900 at 5.87%$478.30
80,900 at 5.88%$478.81
80,900 at 5.89%$479.33
80,900 at 5.9%$479.85
80,900 at 5.91%$480.37
80,900 at 5.92%$480.88
80,900 at 5.93%$481.40
80,900 at 5.94%$481.92
80,900 at 5.95%$482.44
80,900 at 5.96%$482.96
80,900 at 5.97%$483.48
80,900 at 5.98%$484.00
80,900 at 5.99%$484.52
80,900 at 6%$485.04
80,900 at 6.01%$485.56
80,900 at 6.02%$486.08
80,900 at 6.03%$486.60
80,900 at 6.04%$487.12
80,900 at 6.05%$487.64
80,900 at 6.06%$488.16
80,900 at 6.07%$488.68
80,900 at 6.08%$489.21
80,900 at 6.09%$489.73
80,900 at 6.1%$490.25
80,900 at 6.11%$490.77
80,900 at 6.12%$491.30
80,900 at 6.13%$491.82
80,900 at 6.14%$492.34
80,900 at 6.15%$492.87
80,900 at 6.16%$493.39
80,900 at 6.17%$493.91
80,900 at 6.18%$494.44
80,900 at 6.19%$494.96
80,900 at 6.2%$495.49
80,900 at 6.21%$496.01
80,900 at 6.22%$496.54
80,900 at 6.23%$497.06
80,900 at 6.24%$497.59
80,900 at 6.25%$498.12
80,900 at 6.26%$498.64
80,900 at 6.27%$499.17
80,900 at 6.28%$499.69
80,900 at 6.29%$500.22
80,900 at 6.3%$500.75
80,900 at 6.31%$501.28
80,900 at 6.32%$501.80
80,900 at 6.33%$502.33
80,900 at 6.34%$502.86
80,900 at 6.35%$503.39
80,900 at 6.36%$503.92
80,900 at 6.37%$504.45
80,900 at 6.38%$504.98
80,900 at 6.39%$505.50
80,900 at 6.4%$506.03
80,900 at 6.41%$506.56
80,900 at 6.42%$507.09
80,900 at 6.43%$507.62
80,900 at 6.44%$508.15
80,900 at 6.45%$508.69
80,900 at 6.46%$509.22
80,900 at 6.47%$509.75
80,900 at 6.48%$510.28
80,900 at 6.49%$510.81
80,900 at 6.5%$511.34
Interest Rate 30 Year
80,900 at 6.51%$511.88
80,900 at 6.52%$512.41
80,900 at 6.53%$512.94
80,900 at 6.54%$513.47
80,900 at 6.55%$514.01
80,900 at 6.56%$514.54
80,900 at 6.57%$515.07
80,900 at 6.58%$515.61
80,900 at 6.59%$516.14
80,900 at 6.6%$516.67
80,900 at 6.61%$517.21
80,900 at 6.62%$517.74
80,900 at 6.63%$518.28
80,900 at 6.64%$518.81
80,900 at 6.65%$519.35
80,900 at 6.66%$519.89
80,900 at 6.67%$520.42
80,900 at 6.68%$520.96
80,900 at 6.69%$521.49
80,900 at 6.7%$522.03
80,900 at 6.71%$522.57
80,900 at 6.72%$523.10
80,900 at 6.73%$523.64
80,900 at 6.74%$524.18
80,900 at 6.75%$524.72
80,900 at 6.76%$525.25
80,900 at 6.77%$525.79
80,900 at 6.78%$526.33
80,900 at 6.79%$526.87
80,900 at 6.8%$527.41
80,900 at 6.81%$527.95
80,900 at 6.82%$528.49
80,900 at 6.83%$529.03
80,900 at 6.84%$529.56
80,900 at 6.85%$530.10
80,900 at 6.86%$530.64
80,900 at 6.87%$531.19
80,900 at 6.88%$531.73
80,900 at 6.89%$532.27
80,900 at 6.9%$532.81
80,900 at 6.91%$533.35
80,900 at 6.92%$533.89
80,900 at 6.93%$534.43
80,900 at 6.94%$534.97
80,900 at 6.95%$535.52
80,900 at 6.96%$536.06
80,900 at 6.97%$536.60
80,900 at 6.98%$537.14
80,900 at 6.99%$537.69
80,900 at 7%$538.23
80,900 at 7.01%$538.77
80,900 at 7.02%$539.32
80,900 at 7.03%$539.86
80,900 at 7.04%$540.40
80,900 at 7.05%$540.95
80,900 at 7.06%$541.49
80,900 at 7.07%$542.04
80,900 at 7.08%$542.58
80,900 at 7.09%$543.13
80,900 at 7.1%$543.67
80,900 at 7.11%$544.22
80,900 at 7.12%$544.77
80,900 at 7.13%$545.31
80,900 at 7.14%$545.86
80,900 at 7.15%$546.40
80,900 at 7.16%$546.95
80,900 at 7.17%$547.50
80,900 at 7.18%$548.04
80,900 at 7.19%$548.59
80,900 at 7.2%$549.14
80,900 at 7.21%$549.69
80,900 at 7.22%$550.24
80,900 at 7.23%$550.78
80,900 at 7.24%$551.33
80,900 at 7.25%$551.88
80,900 at 7.26%$552.43
80,900 at 7.27%$552.98
80,900 at 7.28%$553.53
80,900 at 7.29%$554.08
80,900 at 7.3%$554.63
80,900 at 7.31%$555.18
80,900 at 7.32%$555.73
80,900 at 7.33%$556.28
80,900 at 7.34%$556.83
80,900 at 7.35%$557.38
80,900 at 7.36%$557.93
80,900 at 7.37%$558.48
80,900 at 7.38%$559.03
80,900 at 7.39%$559.58
80,900 at 7.4%$560.14
80,900 at 7.41%$560.69
80,900 at 7.42%$561.24
80,900 at 7.43%$561.79
80,900 at 7.44%$562.34
80,900 at 7.45%$562.90
80,900 at 7.46%$563.45
80,900 at 7.47%$564.00
80,900 at 7.48%$564.56
80,900 at 7.49%$565.11
80,900 at 7.5%$565.66
80,900 at 7.51%$566.22
80,900 at 7.52%$566.77
80,900 at 7.53%$567.33
80,900 at 7.54%$567.88
80,900 at 7.55%$568.44
80,900 at 7.56%$568.99
80,900 at 7.57%$569.55
80,900 at 7.58%$570.10
80,900 at 7.59%$570.66
80,900 at 7.6%$571.21
80,900 at 7.61%$571.77
80,900 at 7.62%$572.33
80,900 at 7.63%$572.88
80,900 at 7.64%$573.44
80,900 at 7.65%$574.00
80,900 at 7.66%$574.55
80,900 at 7.67%$575.11
80,900 at 7.68%$575.67
80,900 at 7.69%$576.23
80,900 at 7.7%$576.78
80,900 at 7.71%$577.34
80,900 at 7.72%$577.90
80,900 at 7.73%$578.46
80,900 at 7.74%$579.02
80,900 at 7.75%$579.58
80,900 at 7.76%$580.14
80,900 at 7.77%$580.70
80,900 at 7.78%$581.26
80,900 at 7.79%$581.82
80,900 at 7.8%$582.38
80,900 at 7.81%$582.94
80,900 at 7.82%$583.50
80,900 at 7.83%$584.06
80,900 at 7.84%$584.62
80,900 at 7.85%$585.18
80,900 at 7.86%$585.74
80,900 at 7.87%$586.30
80,900 at 7.88%$586.86
80,900 at 7.89%$587.42
80,900 at 7.9%$587.99
80,900 at 7.91%$588.55
80,900 at 7.92%$589.11
80,900 at 7.93%$589.67
80,900 at 7.94%$590.24
80,900 at 7.95%$590.80
80,900 at 7.96%$591.36
80,900 at 7.97%$591.92
80,900 at 7.98%$592.49
80,900 at 7.99%$593.05
80,900 at 8%$593.62
More Amounts
What is the down payment for a $80,900 house? How much do you need to put down?
Percent Down Down Payment
1%809
2%1,618
3%2,427
4%3,236
5%4,045
6%4,854
7%5,663
8%6,472
9%7,281
10%8,090
11%8,899
12%9,708
13%10,517
14%11,326
15%12,135
16%12,944
17%13,753
18%14,562
19%15,371
20%16,180
Percent Down Down Payment
21%16,989
22%17,798
23%18,607
24%19,416
25%20,225
26%21,034
27%21,843
28%22,652
29%23,461
30%24,270
31%25,079
32%25,888
33%26,697
34%27,506
35%28,315
36%29,124
37%29,933
38%30,742
39%31,551
40%32,360
Percent Down Down Payment
41%33,169
42%33,978
43%34,787
44%35,596
45%36,405
46%37,214
47%38,023
48%38,832
49%39,641
50%40,450
51%41,259
52%42,068
53%42,877
54%43,686
55%44,495
56%45,304
57%46,113
58%46,922
59%47,731
60%48,540
Percent Down Down Payment
61%49,349
62%50,158
63%50,967
64%51,776
65%52,585
66%53,394
67%54,203
68%55,012
69%55,821
70%56,630
71%57,439
72%58,248
73%59,057
74%59,866
75%60,675
76%61,484
77%62,293
78%63,102
79%63,911
80%64,720
Percent Down Down Payment
81%65,529
82%66,338
83%67,147
84%67,956
85%68,765
86%69,574
87%70,383
88%71,192
89%72,001
90%72,810
91%73,619
92%74,428
93%75,237
94%76,046
95%76,855
96%77,664
97%78,473
98%79,282
99%80,091
100%80,900
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.