$83,400 Mortgage for 30 Years

What is the monthly payment of a 83,400 dollar loan?
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Loan Tables for a $83,400 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 $83,400 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
83,400 at 2.01%$308.68
83,400 at 2.02%$309.10
83,400 at 2.03%$309.52
83,400 at 2.04%$309.93
83,400 at 2.05%$310.35
83,400 at 2.06%$310.77
83,400 at 2.07%$311.19
83,400 at 2.08%$311.61
83,400 at 2.09%$312.03
83,400 at 2.1%$312.45
83,400 at 2.11%$312.87
83,400 at 2.12%$313.29
83,400 at 2.13%$313.71
83,400 at 2.14%$314.13
83,400 at 2.15%$314.56
83,400 at 2.16%$314.98
83,400 at 2.17%$315.40
83,400 at 2.18%$315.82
83,400 at 2.19%$316.25
83,400 at 2.2%$316.67
83,400 at 2.21%$317.09
83,400 at 2.22%$317.52
83,400 at 2.23%$317.94
83,400 at 2.24%$318.37
83,400 at 2.25%$318.79
83,400 at 2.26%$319.22
83,400 at 2.27%$319.64
83,400 at 2.28%$320.07
83,400 at 2.29%$320.50
83,400 at 2.3%$320.92
83,400 at 2.31%$321.35
83,400 at 2.32%$321.78
83,400 at 2.33%$322.21
83,400 at 2.34%$322.64
83,400 at 2.35%$323.06
83,400 at 2.36%$323.49
83,400 at 2.37%$323.92
83,400 at 2.38%$324.35
83,400 at 2.39%$324.78
83,400 at 2.4%$325.21
83,400 at 2.41%$325.64
83,400 at 2.42%$326.07
83,400 at 2.43%$326.50
83,400 at 2.44%$326.94
83,400 at 2.45%$327.37
83,400 at 2.46%$327.80
83,400 at 2.47%$328.23
83,400 at 2.48%$328.66
83,400 at 2.49%$329.10
83,400 at 2.5%$329.53
83,400 at 2.51%$329.96
83,400 at 2.52%$330.40
83,400 at 2.53%$330.83
83,400 at 2.54%$331.27
83,400 at 2.55%$331.70
83,400 at 2.56%$332.14
83,400 at 2.57%$332.57
83,400 at 2.58%$333.01
83,400 at 2.59%$333.45
83,400 at 2.6%$333.88
83,400 at 2.61%$334.32
83,400 at 2.62%$334.76
83,400 at 2.63%$335.20
83,400 at 2.64%$335.63
83,400 at 2.65%$336.07
83,400 at 2.66%$336.51
83,400 at 2.67%$336.95
83,400 at 2.68%$337.39
83,400 at 2.69%$337.83
83,400 at 2.7%$338.27
83,400 at 2.71%$338.71
83,400 at 2.72%$339.15
83,400 at 2.73%$339.59
83,400 at 2.74%$340.03
83,400 at 2.75%$340.47
83,400 at 2.76%$340.92
83,400 at 2.77%$341.36
83,400 at 2.78%$341.80
83,400 at 2.79%$342.24
83,400 at 2.8%$342.69
83,400 at 2.81%$343.13
83,400 at 2.82%$343.57
83,400 at 2.83%$344.02
83,400 at 2.84%$344.46
83,400 at 2.85%$344.91
83,400 at 2.86%$345.35
83,400 at 2.87%$345.80
83,400 at 2.88%$346.24
83,400 at 2.89%$346.69
83,400 at 2.9%$347.14
83,400 at 2.91%$347.58
83,400 at 2.92%$348.03
83,400 at 2.93%$348.48
83,400 at 2.94%$348.92
83,400 at 2.95%$349.37
83,400 at 2.96%$349.82
83,400 at 2.97%$350.27
83,400 at 2.98%$350.72
83,400 at 2.99%$351.17
83,400 at 3%$351.62
83,400 at 3.01%$352.07
83,400 at 3.02%$352.52
83,400 at 3.03%$352.97
83,400 at 3.04%$353.42
83,400 at 3.05%$353.87
83,400 at 3.06%$354.32
83,400 at 3.07%$354.77
83,400 at 3.08%$355.23
83,400 at 3.09%$355.68
83,400 at 3.1%$356.13
83,400 at 3.11%$356.58
83,400 at 3.12%$357.04
83,400 at 3.13%$357.49
83,400 at 3.14%$357.95
83,400 at 3.15%$358.40
83,400 at 3.16%$358.86
83,400 at 3.17%$359.31
83,400 at 3.18%$359.77
83,400 at 3.19%$360.22
83,400 at 3.2%$360.68
83,400 at 3.21%$361.13
83,400 at 3.22%$361.59
83,400 at 3.23%$362.05
83,400 at 3.24%$362.50
83,400 at 3.25%$362.96
83,400 at 3.26%$363.42
83,400 at 3.27%$363.88
83,400 at 3.28%$364.34
83,400 at 3.29%$364.80
83,400 at 3.3%$365.25
83,400 at 3.31%$365.71
83,400 at 3.32%$366.17
83,400 at 3.33%$366.63
83,400 at 3.34%$367.09
83,400 at 3.35%$367.56
83,400 at 3.36%$368.02
83,400 at 3.37%$368.48
83,400 at 3.38%$368.94
83,400 at 3.39%$369.40
83,400 at 3.4%$369.86
83,400 at 3.41%$370.33
83,400 at 3.42%$370.79
83,400 at 3.43%$371.25
83,400 at 3.44%$371.72
83,400 at 3.45%$372.18
83,400 at 3.46%$372.64
83,400 at 3.47%$373.11
83,400 at 3.48%$373.57
83,400 at 3.49%$374.04
83,400 at 3.5%$374.50
Interest Rate 30 Year
83,400 at 3.51%$374.97
83,400 at 3.52%$375.43
83,400 at 3.53%$375.90
83,400 at 3.54%$376.37
83,400 at 3.55%$376.83
83,400 at 3.56%$377.30
83,400 at 3.57%$377.77
83,400 at 3.58%$378.24
83,400 at 3.59%$378.71
83,400 at 3.6%$379.17
83,400 at 3.61%$379.64
83,400 at 3.62%$380.11
83,400 at 3.63%$380.58
83,400 at 3.64%$381.05
83,400 at 3.65%$381.52
83,400 at 3.66%$381.99
83,400 at 3.67%$382.46
83,400 at 3.68%$382.93
83,400 at 3.69%$383.40
83,400 at 3.7%$383.88
83,400 at 3.71%$384.35
83,400 at 3.72%$384.82
83,400 at 3.73%$385.29
83,400 at 3.74%$385.77
83,400 at 3.75%$386.24
83,400 at 3.76%$386.71
83,400 at 3.77%$387.19
83,400 at 3.78%$387.66
83,400 at 3.79%$388.13
83,400 at 3.8%$388.61
83,400 at 3.81%$389.08
83,400 at 3.82%$389.56
83,400 at 3.83%$390.03
83,400 at 3.84%$390.51
83,400 at 3.85%$390.99
83,400 at 3.86%$391.46
83,400 at 3.87%$391.94
83,400 at 3.88%$392.42
83,400 at 3.89%$392.89
83,400 at 3.9%$393.37
83,400 at 3.91%$393.85
83,400 at 3.92%$394.33
83,400 at 3.93%$394.81
83,400 at 3.94%$395.28
83,400 at 3.95%$395.76
83,400 at 3.96%$396.24
83,400 at 3.97%$396.72
83,400 at 3.98%$397.20
83,400 at 3.99%$397.68
83,400 at 4%$398.16
83,400 at 4.01%$398.65
83,400 at 4.02%$399.13
83,400 at 4.03%$399.61
83,400 at 4.04%$400.09
83,400 at 4.05%$400.57
83,400 at 4.06%$401.05
83,400 at 4.07%$401.54
83,400 at 4.08%$402.02
83,400 at 4.09%$402.50
83,400 at 4.1%$402.99
83,400 at 4.11%$403.47
83,400 at 4.12%$403.96
83,400 at 4.13%$404.44
83,400 at 4.14%$404.93
83,400 at 4.15%$405.41
83,400 at 4.16%$405.90
83,400 at 4.17%$406.38
83,400 at 4.18%$406.87
83,400 at 4.19%$407.35
83,400 at 4.2%$407.84
83,400 at 4.21%$408.33
83,400 at 4.22%$408.81
83,400 at 4.23%$409.30
83,400 at 4.24%$409.79
83,400 at 4.25%$410.28
83,400 at 4.26%$410.77
83,400 at 4.27%$411.25
83,400 at 4.28%$411.74
83,400 at 4.29%$412.23
83,400 at 4.3%$412.72
83,400 at 4.31%$413.21
83,400 at 4.32%$413.70
83,400 at 4.33%$414.19
83,400 at 4.34%$414.68
83,400 at 4.35%$415.18
83,400 at 4.36%$415.67
83,400 at 4.37%$416.16
83,400 at 4.38%$416.65
83,400 at 4.39%$417.14
83,400 at 4.4%$417.63
83,400 at 4.41%$418.13
83,400 at 4.42%$418.62
83,400 at 4.43%$419.11
83,400 at 4.44%$419.61
83,400 at 4.45%$420.10
83,400 at 4.46%$420.60
83,400 at 4.47%$421.09
83,400 at 4.48%$421.59
83,400 at 4.49%$422.08
83,400 at 4.5%$422.58
83,400 at 4.51%$423.07
83,400 at 4.52%$423.57
83,400 at 4.53%$424.06
83,400 at 4.54%$424.56
83,400 at 4.55%$425.06
83,400 at 4.56%$425.55
83,400 at 4.57%$426.05
83,400 at 4.58%$426.55
83,400 at 4.59%$427.05
83,400 at 4.6%$427.55
83,400 at 4.61%$428.04
83,400 at 4.62%$428.54
83,400 at 4.63%$429.04
83,400 at 4.64%$429.54
83,400 at 4.65%$430.04
83,400 at 4.66%$430.54
83,400 at 4.67%$431.04
83,400 at 4.68%$431.54
83,400 at 4.69%$432.04
83,400 at 4.7%$432.54
83,400 at 4.71%$433.05
83,400 at 4.72%$433.55
83,400 at 4.73%$434.05
83,400 at 4.74%$434.55
83,400 at 4.75%$435.05
83,400 at 4.76%$435.56
83,400 at 4.77%$436.06
83,400 at 4.78%$436.56
83,400 at 4.79%$437.07
83,400 at 4.8%$437.57
83,400 at 4.81%$438.08
83,400 at 4.82%$438.58
83,400 at 4.83%$439.08
83,400 at 4.84%$439.59
83,400 at 4.85%$440.09
83,400 at 4.86%$440.60
83,400 at 4.87%$441.11
83,400 at 4.88%$441.61
83,400 at 4.89%$442.12
83,400 at 4.9%$442.63
83,400 at 4.91%$443.13
83,400 at 4.92%$443.64
83,400 at 4.93%$444.15
83,400 at 4.94%$444.66
83,400 at 4.95%$445.16
83,400 at 4.96%$445.67
83,400 at 4.97%$446.18
83,400 at 4.98%$446.69
83,400 at 4.99%$447.20
83,400 at 5%$447.71
Interest Rate 30 Year
83,400 at 5.01%$448.22
83,400 at 5.02%$448.73
83,400 at 5.03%$449.24
83,400 at 5.04%$449.75
83,400 at 5.05%$450.26
83,400 at 5.06%$450.77
83,400 at 5.07%$451.28
83,400 at 5.08%$451.80
83,400 at 5.09%$452.31
83,400 at 5.1%$452.82
83,400 at 5.11%$453.33
83,400 at 5.12%$453.85
83,400 at 5.13%$454.36
83,400 at 5.14%$454.87
83,400 at 5.15%$455.39
83,400 at 5.16%$455.90
83,400 at 5.17%$456.41
83,400 at 5.18%$456.93
83,400 at 5.19%$457.44
83,400 at 5.2%$457.96
83,400 at 5.21%$458.47
83,400 at 5.22%$458.99
83,400 at 5.23%$459.51
83,400 at 5.24%$460.02
83,400 at 5.25%$460.54
83,400 at 5.26%$461.05
83,400 at 5.27%$461.57
83,400 at 5.28%$462.09
83,400 at 5.29%$462.61
83,400 at 5.3%$463.12
83,400 at 5.31%$463.64
83,400 at 5.32%$464.16
83,400 at 5.33%$464.68
83,400 at 5.34%$465.20
83,400 at 5.35%$465.72
83,400 at 5.36%$466.24
83,400 at 5.37%$466.76
83,400 at 5.38%$467.28
83,400 at 5.39%$467.80
83,400 at 5.4%$468.32
83,400 at 5.41%$468.84
83,400 at 5.42%$469.36
83,400 at 5.43%$469.88
83,400 at 5.44%$470.40
83,400 at 5.45%$470.92
83,400 at 5.46%$471.45
83,400 at 5.47%$471.97
83,400 at 5.48%$472.49
83,400 at 5.49%$473.01
83,400 at 5.5%$473.54
83,400 at 5.51%$474.06
83,400 at 5.52%$474.58
83,400 at 5.53%$475.11
83,400 at 5.54%$475.63
83,400 at 5.55%$476.16
83,400 at 5.56%$476.68
83,400 at 5.57%$477.21
83,400 at 5.58%$477.73
83,400 at 5.59%$478.26
83,400 at 5.6%$478.78
83,400 at 5.61%$479.31
83,400 at 5.62%$479.83
83,400 at 5.63%$480.36
83,400 at 5.64%$480.89
83,400 at 5.65%$481.41
83,400 at 5.66%$481.94
83,400 at 5.67%$482.47
83,400 at 5.68%$483.00
83,400 at 5.69%$483.53
83,400 at 5.7%$484.05
83,400 at 5.71%$484.58
83,400 at 5.72%$485.11
83,400 at 5.73%$485.64
83,400 at 5.74%$486.17
83,400 at 5.75%$486.70
83,400 at 5.76%$487.23
83,400 at 5.77%$487.76
83,400 at 5.78%$488.29
83,400 at 5.79%$488.82
83,400 at 5.8%$489.35
83,400 at 5.81%$489.88
83,400 at 5.82%$490.41
83,400 at 5.83%$490.95
83,400 at 5.84%$491.48
83,400 at 5.85%$492.01
83,400 at 5.86%$492.54
83,400 at 5.87%$493.08
83,400 at 5.88%$493.61
83,400 at 5.89%$494.14
83,400 at 5.9%$494.68
83,400 at 5.91%$495.21
83,400 at 5.92%$495.74
83,400 at 5.93%$496.28
83,400 at 5.94%$496.81
83,400 at 5.95%$497.35
83,400 at 5.96%$497.88
83,400 at 5.97%$498.42
83,400 at 5.98%$498.95
83,400 at 5.99%$499.49
83,400 at 6%$500.03
83,400 at 6.01%$500.56
83,400 at 6.02%$501.10
83,400 at 6.03%$501.63
83,400 at 6.04%$502.17
83,400 at 6.05%$502.71
83,400 at 6.06%$503.25
83,400 at 6.07%$503.78
83,400 at 6.08%$504.32
83,400 at 6.09%$504.86
83,400 at 6.1%$505.40
83,400 at 6.11%$505.94
83,400 at 6.12%$506.48
83,400 at 6.13%$507.02
83,400 at 6.14%$507.56
83,400 at 6.15%$508.10
83,400 at 6.16%$508.64
83,400 at 6.17%$509.18
83,400 at 6.18%$509.72
83,400 at 6.19%$510.26
83,400 at 6.2%$510.80
83,400 at 6.21%$511.34
83,400 at 6.22%$511.88
83,400 at 6.23%$512.42
83,400 at 6.24%$512.97
83,400 at 6.25%$513.51
83,400 at 6.26%$514.05
83,400 at 6.27%$514.59
83,400 at 6.28%$515.14
83,400 at 6.29%$515.68
83,400 at 6.3%$516.22
83,400 at 6.31%$516.77
83,400 at 6.32%$517.31
83,400 at 6.33%$517.86
83,400 at 6.34%$518.40
83,400 at 6.35%$518.94
83,400 at 6.36%$519.49
83,400 at 6.37%$520.03
83,400 at 6.38%$520.58
83,400 at 6.39%$521.13
83,400 at 6.4%$521.67
83,400 at 6.41%$522.22
83,400 at 6.42%$522.76
83,400 at 6.43%$523.31
83,400 at 6.44%$523.86
83,400 at 6.45%$524.41
83,400 at 6.46%$524.95
83,400 at 6.47%$525.50
83,400 at 6.48%$526.05
83,400 at 6.49%$526.60
83,400 at 6.5%$527.14
Interest Rate 30 Year
83,400 at 6.51%$527.69
83,400 at 6.52%$528.24
83,400 at 6.53%$528.79
83,400 at 6.54%$529.34
83,400 at 6.55%$529.89
83,400 at 6.56%$530.44
83,400 at 6.57%$530.99
83,400 at 6.58%$531.54
83,400 at 6.59%$532.09
83,400 at 6.6%$532.64
83,400 at 6.61%$533.19
83,400 at 6.62%$533.74
83,400 at 6.63%$534.30
83,400 at 6.64%$534.85
83,400 at 6.65%$535.40
83,400 at 6.66%$535.95
83,400 at 6.67%$536.50
83,400 at 6.68%$537.06
83,400 at 6.69%$537.61
83,400 at 6.7%$538.16
83,400 at 6.71%$538.72
83,400 at 6.72%$539.27
83,400 at 6.73%$539.82
83,400 at 6.74%$540.38
83,400 at 6.75%$540.93
83,400 at 6.76%$541.49
83,400 at 6.77%$542.04
83,400 at 6.78%$542.59
83,400 at 6.79%$543.15
83,400 at 6.8%$543.71
83,400 at 6.81%$544.26
83,400 at 6.82%$544.82
83,400 at 6.83%$545.37
83,400 at 6.84%$545.93
83,400 at 6.85%$546.49
83,400 at 6.86%$547.04
83,400 at 6.87%$547.60
83,400 at 6.88%$548.16
83,400 at 6.89%$548.71
83,400 at 6.9%$549.27
83,400 at 6.91%$549.83
83,400 at 6.92%$550.39
83,400 at 6.93%$550.95
83,400 at 6.94%$551.51
83,400 at 6.95%$552.06
83,400 at 6.96%$552.62
83,400 at 6.97%$553.18
83,400 at 6.98%$553.74
83,400 at 6.99%$554.30
83,400 at 7%$554.86
83,400 at 7.01%$555.42
83,400 at 7.02%$555.98
83,400 at 7.03%$556.54
83,400 at 7.04%$557.10
83,400 at 7.05%$557.67
83,400 at 7.06%$558.23
83,400 at 7.07%$558.79
83,400 at 7.08%$559.35
83,400 at 7.09%$559.91
83,400 at 7.1%$560.47
83,400 at 7.11%$561.04
83,400 at 7.12%$561.60
83,400 at 7.13%$562.16
83,400 at 7.14%$562.73
83,400 at 7.15%$563.29
83,400 at 7.16%$563.85
83,400 at 7.17%$564.42
83,400 at 7.18%$564.98
83,400 at 7.19%$565.54
83,400 at 7.2%$566.11
83,400 at 7.21%$566.67
83,400 at 7.22%$567.24
83,400 at 7.23%$567.80
83,400 at 7.24%$568.37
83,400 at 7.25%$568.94
83,400 at 7.26%$569.50
83,400 at 7.27%$570.07
83,400 at 7.28%$570.63
83,400 at 7.29%$571.20
83,400 at 7.3%$571.77
83,400 at 7.31%$572.33
83,400 at 7.32%$572.90
83,400 at 7.33%$573.47
83,400 at 7.34%$574.03
83,400 at 7.35%$574.60
83,400 at 7.36%$575.17
83,400 at 7.37%$575.74
83,400 at 7.38%$576.31
83,400 at 7.39%$576.88
83,400 at 7.4%$577.44
83,400 at 7.41%$578.01
83,400 at 7.42%$578.58
83,400 at 7.43%$579.15
83,400 at 7.44%$579.72
83,400 at 7.45%$580.29
83,400 at 7.46%$580.86
83,400 at 7.47%$581.43
83,400 at 7.48%$582.00
83,400 at 7.49%$582.57
83,400 at 7.5%$583.14
83,400 at 7.51%$583.72
83,400 at 7.52%$584.29
83,400 at 7.53%$584.86
83,400 at 7.54%$585.43
83,400 at 7.55%$586.00
83,400 at 7.56%$586.58
83,400 at 7.57%$587.15
83,400 at 7.58%$587.72
83,400 at 7.59%$588.29
83,400 at 7.6%$588.87
83,400 at 7.61%$589.44
83,400 at 7.62%$590.01
83,400 at 7.63%$590.59
83,400 at 7.64%$591.16
83,400 at 7.65%$591.73
83,400 at 7.66%$592.31
83,400 at 7.67%$592.88
83,400 at 7.68%$593.46
83,400 at 7.69%$594.03
83,400 at 7.7%$594.61
83,400 at 7.71%$595.18
83,400 at 7.72%$595.76
83,400 at 7.73%$596.34
83,400 at 7.74%$596.91
83,400 at 7.75%$597.49
83,400 at 7.76%$598.06
83,400 at 7.77%$598.64
83,400 at 7.78%$599.22
83,400 at 7.79%$599.79
83,400 at 7.8%$600.37
83,400 at 7.81%$600.95
83,400 at 7.82%$601.53
83,400 at 7.83%$602.10
83,400 at 7.84%$602.68
83,400 at 7.85%$603.26
83,400 at 7.86%$603.84
83,400 at 7.87%$604.42
83,400 at 7.88%$605.00
83,400 at 7.89%$605.58
83,400 at 7.9%$606.16
83,400 at 7.91%$606.74
83,400 at 7.92%$607.31
83,400 at 7.93%$607.89
83,400 at 7.94%$608.47
83,400 at 7.95%$609.06
83,400 at 7.96%$609.64
83,400 at 7.97%$610.22
83,400 at 7.98%$610.80
83,400 at 7.99%$611.38
83,400 at 8%$611.96
More Amounts
What is the down payment for a $83,400 house? How much do you need to put down?
Percent Down Down Payment
1%834
2%1,668
3%2,502
4%3,336
5%4,170
6%5,004
7%5,838
8%6,672
9%7,506
10%8,340
11%9,174
12%10,008
13%10,842
14%11,676
15%12,510
16%13,344
17%14,178
18%15,012
19%15,846
20%16,680
Percent Down Down Payment
21%17,514
22%18,348
23%19,182
24%20,016
25%20,850
26%21,684
27%22,518
28%23,352
29%24,186
30%25,020
31%25,854
32%26,688
33%27,522
34%28,356
35%29,190
36%30,024
37%30,858
38%31,692
39%32,526
40%33,360
Percent Down Down Payment
41%34,194
42%35,028
43%35,862
44%36,696
45%37,530
46%38,364
47%39,198
48%40,032
49%40,866
50%41,700
51%42,534
52%43,368
53%44,202
54%45,036
55%45,870
56%46,704
57%47,538
58%48,372
59%49,206
60%50,040
Percent Down Down Payment
61%50,874
62%51,708
63%52,542
64%53,376
65%54,210
66%55,044
67%55,878
68%56,712
69%57,546
70%58,380
71%59,214
72%60,048
73%60,882
74%61,716
75%62,550
76%63,384
77%64,218
78%65,052
79%65,886
80%66,720
Percent Down Down Payment
81%67,554
82%68,388
83%69,222
84%70,056
85%70,890
86%71,724
87%72,558
88%73,392
89%74,226
90%75,060
91%75,894
92%76,728
93%77,562
94%78,396
95%79,230
96%80,064
97%80,898
98%81,732
99%82,566
100%83,400
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.