$82,700 Mortgage for 30 Years

What is the monthly payment of a 82,700 dollar loan?
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Loan Tables for a $82,700 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 83k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $82,700 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
82,700 at 2.01%$306.09
82,700 at 2.02%$306.50
82,700 at 2.03%$306.92
82,700 at 2.04%$307.33
82,700 at 2.05%$307.75
82,700 at 2.06%$308.16
82,700 at 2.07%$308.58
82,700 at 2.08%$308.99
82,700 at 2.09%$309.41
82,700 at 2.1%$309.83
82,700 at 2.11%$310.24
82,700 at 2.12%$310.66
82,700 at 2.13%$311.08
82,700 at 2.14%$311.50
82,700 at 2.15%$311.92
82,700 at 2.16%$312.33
82,700 at 2.17%$312.75
82,700 at 2.18%$313.17
82,700 at 2.19%$313.59
82,700 at 2.2%$314.01
82,700 at 2.21%$314.43
82,700 at 2.22%$314.85
82,700 at 2.23%$315.27
82,700 at 2.24%$315.70
82,700 at 2.25%$316.12
82,700 at 2.26%$316.54
82,700 at 2.27%$316.96
82,700 at 2.28%$317.38
82,700 at 2.29%$317.81
82,700 at 2.3%$318.23
82,700 at 2.31%$318.65
82,700 at 2.32%$319.08
82,700 at 2.33%$319.50
82,700 at 2.34%$319.93
82,700 at 2.35%$320.35
82,700 at 2.36%$320.78
82,700 at 2.37%$321.20
82,700 at 2.38%$321.63
82,700 at 2.39%$322.05
82,700 at 2.4%$322.48
82,700 at 2.41%$322.91
82,700 at 2.42%$323.34
82,700 at 2.43%$323.76
82,700 at 2.44%$324.19
82,700 at 2.45%$324.62
82,700 at 2.46%$325.05
82,700 at 2.47%$325.48
82,700 at 2.48%$325.91
82,700 at 2.49%$326.34
82,700 at 2.5%$326.76
82,700 at 2.51%$327.20
82,700 at 2.52%$327.63
82,700 at 2.53%$328.06
82,700 at 2.54%$328.49
82,700 at 2.55%$328.92
82,700 at 2.56%$329.35
82,700 at 2.57%$329.78
82,700 at 2.58%$330.22
82,700 at 2.59%$330.65
82,700 at 2.6%$331.08
82,700 at 2.61%$331.51
82,700 at 2.62%$331.95
82,700 at 2.63%$332.38
82,700 at 2.64%$332.82
82,700 at 2.65%$333.25
82,700 at 2.66%$333.69
82,700 at 2.67%$334.12
82,700 at 2.68%$334.56
82,700 at 2.69%$334.99
82,700 at 2.7%$335.43
82,700 at 2.71%$335.87
82,700 at 2.72%$336.30
82,700 at 2.73%$336.74
82,700 at 2.74%$337.18
82,700 at 2.75%$337.62
82,700 at 2.76%$338.05
82,700 at 2.77%$338.49
82,700 at 2.78%$338.93
82,700 at 2.79%$339.37
82,700 at 2.8%$339.81
82,700 at 2.81%$340.25
82,700 at 2.82%$340.69
82,700 at 2.83%$341.13
82,700 at 2.84%$341.57
82,700 at 2.85%$342.01
82,700 at 2.86%$342.45
82,700 at 2.87%$342.90
82,700 at 2.88%$343.34
82,700 at 2.89%$343.78
82,700 at 2.9%$344.22
82,700 at 2.91%$344.67
82,700 at 2.92%$345.11
82,700 at 2.93%$345.55
82,700 at 2.94%$346.00
82,700 at 2.95%$346.44
82,700 at 2.96%$346.88
82,700 at 2.97%$347.33
82,700 at 2.98%$347.78
82,700 at 2.99%$348.22
82,700 at 3%$348.67
82,700 at 3.01%$349.11
82,700 at 3.02%$349.56
82,700 at 3.03%$350.01
82,700 at 3.04%$350.45
82,700 at 3.05%$350.90
82,700 at 3.06%$351.35
82,700 at 3.07%$351.80
82,700 at 3.08%$352.24
82,700 at 3.09%$352.69
82,700 at 3.1%$353.14
82,700 at 3.11%$353.59
82,700 at 3.12%$354.04
82,700 at 3.13%$354.49
82,700 at 3.14%$354.94
82,700 at 3.15%$355.39
82,700 at 3.16%$355.84
82,700 at 3.17%$356.29
82,700 at 3.18%$356.75
82,700 at 3.19%$357.20
82,700 at 3.2%$357.65
82,700 at 3.21%$358.10
82,700 at 3.22%$358.56
82,700 at 3.23%$359.01
82,700 at 3.24%$359.46
82,700 at 3.25%$359.92
82,700 at 3.26%$360.37
82,700 at 3.27%$360.82
82,700 at 3.28%$361.28
82,700 at 3.29%$361.73
82,700 at 3.3%$362.19
82,700 at 3.31%$362.64
82,700 at 3.32%$363.10
82,700 at 3.33%$363.56
82,700 at 3.34%$364.01
82,700 at 3.35%$364.47
82,700 at 3.36%$364.93
82,700 at 3.37%$365.38
82,700 at 3.38%$365.84
82,700 at 3.39%$366.30
82,700 at 3.4%$366.76
82,700 at 3.41%$367.22
82,700 at 3.42%$367.68
82,700 at 3.43%$368.14
82,700 at 3.44%$368.60
82,700 at 3.45%$369.06
82,700 at 3.46%$369.52
82,700 at 3.47%$369.98
82,700 at 3.48%$370.44
82,700 at 3.49%$370.90
82,700 at 3.5%$371.36
Interest Rate 30 Year
82,700 at 3.51%$371.82
82,700 at 3.52%$372.28
82,700 at 3.53%$372.75
82,700 at 3.54%$373.21
82,700 at 3.55%$373.67
82,700 at 3.56%$374.14
82,700 at 3.57%$374.60
82,700 at 3.58%$375.06
82,700 at 3.59%$375.53
82,700 at 3.6%$375.99
82,700 at 3.61%$376.46
82,700 at 3.62%$376.92
82,700 at 3.63%$377.39
82,700 at 3.64%$377.85
82,700 at 3.65%$378.32
82,700 at 3.66%$378.79
82,700 at 3.67%$379.25
82,700 at 3.68%$379.72
82,700 at 3.69%$380.19
82,700 at 3.7%$380.65
82,700 at 3.71%$381.12
82,700 at 3.72%$381.59
82,700 at 3.73%$382.06
82,700 at 3.74%$382.53
82,700 at 3.75%$383.00
82,700 at 3.76%$383.47
82,700 at 3.77%$383.94
82,700 at 3.78%$384.41
82,700 at 3.79%$384.88
82,700 at 3.8%$385.35
82,700 at 3.81%$385.82
82,700 at 3.82%$386.29
82,700 at 3.83%$386.76
82,700 at 3.84%$387.23
82,700 at 3.85%$387.70
82,700 at 3.86%$388.18
82,700 at 3.87%$388.65
82,700 at 3.88%$389.12
82,700 at 3.89%$389.60
82,700 at 3.9%$390.07
82,700 at 3.91%$390.54
82,700 at 3.92%$391.02
82,700 at 3.93%$391.49
82,700 at 3.94%$391.97
82,700 at 3.95%$392.44
82,700 at 3.96%$392.92
82,700 at 3.97%$393.39
82,700 at 3.98%$393.87
82,700 at 3.99%$394.35
82,700 at 4%$394.82
82,700 at 4.01%$395.30
82,700 at 4.02%$395.78
82,700 at 4.03%$396.25
82,700 at 4.04%$396.73
82,700 at 4.05%$397.21
82,700 at 4.06%$397.69
82,700 at 4.07%$398.17
82,700 at 4.08%$398.65
82,700 at 4.09%$399.13
82,700 at 4.1%$399.61
82,700 at 4.11%$400.08
82,700 at 4.12%$400.57
82,700 at 4.13%$401.05
82,700 at 4.14%$401.53
82,700 at 4.15%$402.01
82,700 at 4.16%$402.49
82,700 at 4.17%$402.97
82,700 at 4.18%$403.45
82,700 at 4.19%$403.93
82,700 at 4.2%$404.42
82,700 at 4.21%$404.90
82,700 at 4.22%$405.38
82,700 at 4.23%$405.87
82,700 at 4.24%$406.35
82,700 at 4.25%$406.83
82,700 at 4.26%$407.32
82,700 at 4.27%$407.80
82,700 at 4.28%$408.29
82,700 at 4.29%$408.77
82,700 at 4.3%$409.26
82,700 at 4.31%$409.74
82,700 at 4.32%$410.23
82,700 at 4.33%$410.72
82,700 at 4.34%$411.20
82,700 at 4.35%$411.69
82,700 at 4.36%$412.18
82,700 at 4.37%$412.67
82,700 at 4.38%$413.15
82,700 at 4.39%$413.64
82,700 at 4.4%$414.13
82,700 at 4.41%$414.62
82,700 at 4.42%$415.11
82,700 at 4.43%$415.60
82,700 at 4.44%$416.09
82,700 at 4.45%$416.58
82,700 at 4.46%$417.07
82,700 at 4.47%$417.56
82,700 at 4.48%$418.05
82,700 at 4.49%$418.54
82,700 at 4.5%$419.03
82,700 at 4.51%$419.52
82,700 at 4.52%$420.01
82,700 at 4.53%$420.50
82,700 at 4.54%$421.00
82,700 at 4.55%$421.49
82,700 at 4.56%$421.98
82,700 at 4.57%$422.48
82,700 at 4.58%$422.97
82,700 at 4.59%$423.46
82,700 at 4.6%$423.96
82,700 at 4.61%$424.45
82,700 at 4.62%$424.95
82,700 at 4.63%$425.44
82,700 at 4.64%$425.94
82,700 at 4.65%$426.43
82,700 at 4.66%$426.93
82,700 at 4.67%$427.42
82,700 at 4.68%$427.92
82,700 at 4.69%$428.42
82,700 at 4.7%$428.91
82,700 at 4.71%$429.41
82,700 at 4.72%$429.91
82,700 at 4.73%$430.41
82,700 at 4.74%$430.90
82,700 at 4.75%$431.40
82,700 at 4.76%$431.90
82,700 at 4.77%$432.40
82,700 at 4.78%$432.90
82,700 at 4.79%$433.40
82,700 at 4.8%$433.90
82,700 at 4.81%$434.40
82,700 at 4.82%$434.90
82,700 at 4.83%$435.40
82,700 at 4.84%$435.90
82,700 at 4.85%$436.40
82,700 at 4.86%$436.90
82,700 at 4.87%$437.40
82,700 at 4.88%$437.91
82,700 at 4.89%$438.41
82,700 at 4.9%$438.91
82,700 at 4.91%$439.41
82,700 at 4.92%$439.92
82,700 at 4.93%$440.42
82,700 at 4.94%$440.92
82,700 at 4.95%$441.43
82,700 at 4.96%$441.93
82,700 at 4.97%$442.44
82,700 at 4.98%$442.94
82,700 at 4.99%$443.45
82,700 at 5%$443.95
Interest Rate 30 Year
82,700 at 5.01%$444.46
82,700 at 5.02%$444.96
82,700 at 5.03%$445.47
82,700 at 5.04%$445.98
82,700 at 5.05%$446.48
82,700 at 5.06%$446.99
82,700 at 5.07%$447.50
82,700 at 5.08%$448.00
82,700 at 5.09%$448.51
82,700 at 5.1%$449.02
82,700 at 5.11%$449.53
82,700 at 5.12%$450.04
82,700 at 5.13%$450.55
82,700 at 5.14%$451.05
82,700 at 5.15%$451.56
82,700 at 5.16%$452.07
82,700 at 5.17%$452.58
82,700 at 5.18%$453.09
82,700 at 5.19%$453.60
82,700 at 5.2%$454.11
82,700 at 5.21%$454.63
82,700 at 5.22%$455.14
82,700 at 5.23%$455.65
82,700 at 5.24%$456.16
82,700 at 5.25%$456.67
82,700 at 5.26%$457.18
82,700 at 5.27%$457.70
82,700 at 5.28%$458.21
82,700 at 5.29%$458.72
82,700 at 5.3%$459.24
82,700 at 5.31%$459.75
82,700 at 5.32%$460.26
82,700 at 5.33%$460.78
82,700 at 5.34%$461.29
82,700 at 5.35%$461.81
82,700 at 5.36%$462.32
82,700 at 5.37%$462.84
82,700 at 5.38%$463.35
82,700 at 5.39%$463.87
82,700 at 5.4%$464.39
82,700 at 5.41%$464.90
82,700 at 5.42%$465.42
82,700 at 5.43%$465.94
82,700 at 5.44%$466.45
82,700 at 5.45%$466.97
82,700 at 5.46%$467.49
82,700 at 5.47%$468.01
82,700 at 5.48%$468.52
82,700 at 5.49%$469.04
82,700 at 5.5%$469.56
82,700 at 5.51%$470.08
82,700 at 5.52%$470.60
82,700 at 5.53%$471.12
82,700 at 5.54%$471.64
82,700 at 5.55%$472.16
82,700 at 5.56%$472.68
82,700 at 5.57%$473.20
82,700 at 5.58%$473.72
82,700 at 5.59%$474.24
82,700 at 5.6%$474.76
82,700 at 5.61%$475.28
82,700 at 5.62%$475.81
82,700 at 5.63%$476.33
82,700 at 5.64%$476.85
82,700 at 5.65%$477.37
82,700 at 5.66%$477.90
82,700 at 5.67%$478.42
82,700 at 5.68%$478.94
82,700 at 5.69%$479.47
82,700 at 5.7%$479.99
82,700 at 5.71%$480.52
82,700 at 5.72%$481.04
82,700 at 5.73%$481.56
82,700 at 5.74%$482.09
82,700 at 5.75%$482.61
82,700 at 5.76%$483.14
82,700 at 5.77%$483.67
82,700 at 5.78%$484.19
82,700 at 5.79%$484.72
82,700 at 5.8%$485.24
82,700 at 5.81%$485.77
82,700 at 5.82%$486.30
82,700 at 5.83%$486.83
82,700 at 5.84%$487.35
82,700 at 5.85%$487.88
82,700 at 5.86%$488.41
82,700 at 5.87%$488.94
82,700 at 5.88%$489.47
82,700 at 5.89%$489.99
82,700 at 5.9%$490.52
82,700 at 5.91%$491.05
82,700 at 5.92%$491.58
82,700 at 5.93%$492.11
82,700 at 5.94%$492.64
82,700 at 5.95%$493.17
82,700 at 5.96%$493.70
82,700 at 5.97%$494.23
82,700 at 5.98%$494.77
82,700 at 5.99%$495.30
82,700 at 6%$495.83
82,700 at 6.01%$496.36
82,700 at 6.02%$496.89
82,700 at 6.03%$497.42
82,700 at 6.04%$497.96
82,700 at 6.05%$498.49
82,700 at 6.06%$499.02
82,700 at 6.07%$499.56
82,700 at 6.08%$500.09
82,700 at 6.09%$500.62
82,700 at 6.1%$501.16
82,700 at 6.11%$501.69
82,700 at 6.12%$502.23
82,700 at 6.13%$502.76
82,700 at 6.14%$503.30
82,700 at 6.15%$503.83
82,700 at 6.16%$504.37
82,700 at 6.17%$504.90
82,700 at 6.18%$505.44
82,700 at 6.19%$505.98
82,700 at 6.2%$506.51
82,700 at 6.21%$507.05
82,700 at 6.22%$507.59
82,700 at 6.23%$508.12
82,700 at 6.24%$508.66
82,700 at 6.25%$509.20
82,700 at 6.26%$509.74
82,700 at 6.27%$510.27
82,700 at 6.28%$510.81
82,700 at 6.29%$511.35
82,700 at 6.3%$511.89
82,700 at 6.31%$512.43
82,700 at 6.32%$512.97
82,700 at 6.33%$513.51
82,700 at 6.34%$514.05
82,700 at 6.35%$514.59
82,700 at 6.36%$515.13
82,700 at 6.37%$515.67
82,700 at 6.38%$516.21
82,700 at 6.39%$516.75
82,700 at 6.4%$517.29
82,700 at 6.41%$517.83
82,700 at 6.42%$518.38
82,700 at 6.43%$518.92
82,700 at 6.44%$519.46
82,700 at 6.45%$520.00
82,700 at 6.46%$520.55
82,700 at 6.47%$521.09
82,700 at 6.48%$521.63
82,700 at 6.49%$522.18
82,700 at 6.5%$522.72
Interest Rate 30 Year
82,700 at 6.51%$523.26
82,700 at 6.52%$523.81
82,700 at 6.53%$524.35
82,700 at 6.54%$524.90
82,700 at 6.55%$525.44
82,700 at 6.56%$525.99
82,700 at 6.57%$526.53
82,700 at 6.58%$527.08
82,700 at 6.59%$527.62
82,700 at 6.6%$528.17
82,700 at 6.61%$528.72
82,700 at 6.62%$529.26
82,700 at 6.63%$529.81
82,700 at 6.64%$530.36
82,700 at 6.65%$530.90
82,700 at 6.66%$531.45
82,700 at 6.67%$532.00
82,700 at 6.68%$532.55
82,700 at 6.69%$533.10
82,700 at 6.7%$533.64
82,700 at 6.71%$534.19
82,700 at 6.72%$534.74
82,700 at 6.73%$535.29
82,700 at 6.74%$535.84
82,700 at 6.75%$536.39
82,700 at 6.76%$536.94
82,700 at 6.77%$537.49
82,700 at 6.78%$538.04
82,700 at 6.79%$538.59
82,700 at 6.8%$539.14
82,700 at 6.81%$539.69
82,700 at 6.82%$540.24
82,700 at 6.83%$540.80
82,700 at 6.84%$541.35
82,700 at 6.85%$541.90
82,700 at 6.86%$542.45
82,700 at 6.87%$543.00
82,700 at 6.88%$543.56
82,700 at 6.89%$544.11
82,700 at 6.9%$544.66
82,700 at 6.91%$545.22
82,700 at 6.92%$545.77
82,700 at 6.93%$546.32
82,700 at 6.94%$546.88
82,700 at 6.95%$547.43
82,700 at 6.96%$547.99
82,700 at 6.97%$548.54
82,700 at 6.98%$549.09
82,700 at 6.99%$549.65
82,700 at 7%$550.21
82,700 at 7.01%$550.76
82,700 at 7.02%$551.32
82,700 at 7.03%$551.87
82,700 at 7.04%$552.43
82,700 at 7.05%$552.99
82,700 at 7.06%$553.54
82,700 at 7.07%$554.10
82,700 at 7.08%$554.66
82,700 at 7.09%$555.21
82,700 at 7.1%$555.77
82,700 at 7.11%$556.33
82,700 at 7.12%$556.89
82,700 at 7.13%$557.44
82,700 at 7.14%$558.00
82,700 at 7.15%$558.56
82,700 at 7.16%$559.12
82,700 at 7.17%$559.68
82,700 at 7.18%$560.24
82,700 at 7.19%$560.80
82,700 at 7.2%$561.36
82,700 at 7.21%$561.92
82,700 at 7.22%$562.48
82,700 at 7.23%$563.04
82,700 at 7.24%$563.60
82,700 at 7.25%$564.16
82,700 at 7.26%$564.72
82,700 at 7.27%$565.28
82,700 at 7.28%$565.84
82,700 at 7.29%$566.41
82,700 at 7.3%$566.97
82,700 at 7.31%$567.53
82,700 at 7.32%$568.09
82,700 at 7.33%$568.65
82,700 at 7.34%$569.22
82,700 at 7.35%$569.78
82,700 at 7.36%$570.34
82,700 at 7.37%$570.91
82,700 at 7.38%$571.47
82,700 at 7.39%$572.03
82,700 at 7.4%$572.60
82,700 at 7.41%$573.16
82,700 at 7.42%$573.73
82,700 at 7.43%$574.29
82,700 at 7.44%$574.86
82,700 at 7.45%$575.42
82,700 at 7.46%$575.99
82,700 at 7.47%$576.55
82,700 at 7.48%$577.12
82,700 at 7.49%$577.68
82,700 at 7.5%$578.25
82,700 at 7.51%$578.82
82,700 at 7.52%$579.38
82,700 at 7.53%$579.95
82,700 at 7.54%$580.52
82,700 at 7.55%$581.08
82,700 at 7.56%$581.65
82,700 at 7.57%$582.22
82,700 at 7.58%$582.79
82,700 at 7.59%$583.36
82,700 at 7.6%$583.92
82,700 at 7.61%$584.49
82,700 at 7.62%$585.06
82,700 at 7.63%$585.63
82,700 at 7.64%$586.20
82,700 at 7.65%$586.77
82,700 at 7.66%$587.34
82,700 at 7.67%$587.91
82,700 at 7.68%$588.48
82,700 at 7.69%$589.05
82,700 at 7.7%$589.62
82,700 at 7.71%$590.19
82,700 at 7.72%$590.76
82,700 at 7.73%$591.33
82,700 at 7.74%$591.90
82,700 at 7.75%$592.47
82,700 at 7.76%$593.04
82,700 at 7.77%$593.62
82,700 at 7.78%$594.19
82,700 at 7.79%$594.76
82,700 at 7.8%$595.33
82,700 at 7.81%$595.91
82,700 at 7.82%$596.48
82,700 at 7.83%$597.05
82,700 at 7.84%$597.62
82,700 at 7.85%$598.20
82,700 at 7.86%$598.77
82,700 at 7.87%$599.35
82,700 at 7.88%$599.92
82,700 at 7.89%$600.49
82,700 at 7.9%$601.07
82,700 at 7.91%$601.64
82,700 at 7.92%$602.22
82,700 at 7.93%$602.79
82,700 at 7.94%$603.37
82,700 at 7.95%$603.94
82,700 at 7.96%$604.52
82,700 at 7.97%$605.09
82,700 at 7.98%$605.67
82,700 at 7.99%$606.25
82,700 at 8%$606.82
More Amounts
What is the down payment for a $82,700 house? How much do you need to put down?
Percent Down Down Payment
1%827
2%1,654
3%2,481
4%3,308
5%4,135
6%4,962
7%5,789
8%6,616
9%7,443
10%8,270
11%9,097
12%9,924
13%10,751
14%11,578
15%12,405
16%13,232
17%14,059
18%14,886
19%15,713
20%16,540
Percent Down Down Payment
21%17,367
22%18,194
23%19,021
24%19,848
25%20,675
26%21,502
27%22,329
28%23,156
29%23,983
30%24,810
31%25,637
32%26,464
33%27,291
34%28,118
35%28,945
36%29,772
37%30,599
38%31,426
39%32,253
40%33,080
Percent Down Down Payment
41%33,907
42%34,734
43%35,561
44%36,388
45%37,215
46%38,042
47%38,869
48%39,696
49%40,523
50%41,350
51%42,177
52%43,004
53%43,831
54%44,658
55%45,485
56%46,312
57%47,139
58%47,966
59%48,793
60%49,620
Percent Down Down Payment
61%50,447
62%51,274
63%52,101
64%52,928
65%53,755
66%54,582
67%55,409
68%56,236
69%57,063
70%57,890
71%58,717
72%59,544
73%60,371
74%61,198
75%62,025
76%62,852
77%63,679
78%64,506
79%65,333
80%66,160
Percent Down Down Payment
81%66,987
82%67,814
83%68,641
84%69,468
85%70,295
86%71,122
87%71,949
88%72,776
89%73,603
90%74,430
91%75,257
92%76,084
93%76,911
94%77,738
95%78,565
96%79,392
97%80,219
98%81,046
99%81,873
100%82,700
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.