$85,350 Mortgage for 30 Years

What is the monthly payment of a 85,350 dollar loan?
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Loan Tables for a $85,350 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 85k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $85,350 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
85,350 at 2.01%$315.90
85,350 at 2.02%$316.32
85,350 at 2.03%$316.75
85,350 at 2.04%$317.18
85,350 at 2.05%$317.61
85,350 at 2.06%$318.04
85,350 at 2.07%$318.47
85,350 at 2.08%$318.90
85,350 at 2.09%$319.33
85,350 at 2.1%$319.76
85,350 at 2.11%$320.19
85,350 at 2.12%$320.62
85,350 at 2.13%$321.05
85,350 at 2.14%$321.48
85,350 at 2.15%$321.91
85,350 at 2.16%$322.34
85,350 at 2.17%$322.78
85,350 at 2.18%$323.21
85,350 at 2.19%$323.64
85,350 at 2.2%$324.07
85,350 at 2.21%$324.51
85,350 at 2.22%$324.94
85,350 at 2.23%$325.38
85,350 at 2.24%$325.81
85,350 at 2.25%$326.25
85,350 at 2.26%$326.68
85,350 at 2.27%$327.12
85,350 at 2.28%$327.55
85,350 at 2.29%$327.99
85,350 at 2.3%$328.43
85,350 at 2.31%$328.87
85,350 at 2.32%$329.30
85,350 at 2.33%$329.74
85,350 at 2.34%$330.18
85,350 at 2.35%$330.62
85,350 at 2.36%$331.06
85,350 at 2.37%$331.50
85,350 at 2.38%$331.93
85,350 at 2.39%$332.37
85,350 at 2.4%$332.81
85,350 at 2.41%$333.26
85,350 at 2.42%$333.70
85,350 at 2.43%$334.14
85,350 at 2.44%$334.58
85,350 at 2.45%$335.02
85,350 at 2.46%$335.46
85,350 at 2.47%$335.91
85,350 at 2.48%$336.35
85,350 at 2.49%$336.79
85,350 at 2.5%$337.24
85,350 at 2.51%$337.68
85,350 at 2.52%$338.12
85,350 at 2.53%$338.57
85,350 at 2.54%$339.01
85,350 at 2.55%$339.46
85,350 at 2.56%$339.90
85,350 at 2.57%$340.35
85,350 at 2.58%$340.80
85,350 at 2.59%$341.24
85,350 at 2.6%$341.69
85,350 at 2.61%$342.14
85,350 at 2.62%$342.58
85,350 at 2.63%$343.03
85,350 at 2.64%$343.48
85,350 at 2.65%$343.93
85,350 at 2.66%$344.38
85,350 at 2.67%$344.83
85,350 at 2.68%$345.28
85,350 at 2.69%$345.73
85,350 at 2.7%$346.18
85,350 at 2.71%$346.63
85,350 at 2.72%$347.08
85,350 at 2.73%$347.53
85,350 at 2.74%$347.98
85,350 at 2.75%$348.43
85,350 at 2.76%$348.89
85,350 at 2.77%$349.34
85,350 at 2.78%$349.79
85,350 at 2.79%$350.24
85,350 at 2.8%$350.70
85,350 at 2.81%$351.15
85,350 at 2.82%$351.61
85,350 at 2.83%$352.06
85,350 at 2.84%$352.52
85,350 at 2.85%$352.97
85,350 at 2.86%$353.43
85,350 at 2.87%$353.88
85,350 at 2.88%$354.34
85,350 at 2.89%$354.80
85,350 at 2.9%$355.25
85,350 at 2.91%$355.71
85,350 at 2.92%$356.17
85,350 at 2.93%$356.62
85,350 at 2.94%$357.08
85,350 at 2.95%$357.54
85,350 at 2.96%$358.00
85,350 at 2.97%$358.46
85,350 at 2.98%$358.92
85,350 at 2.99%$359.38
85,350 at 3%$359.84
85,350 at 3.01%$360.30
85,350 at 3.02%$360.76
85,350 at 3.03%$361.22
85,350 at 3.04%$361.68
85,350 at 3.05%$362.14
85,350 at 3.06%$362.61
85,350 at 3.07%$363.07
85,350 at 3.08%$363.53
85,350 at 3.09%$364.00
85,350 at 3.1%$364.46
85,350 at 3.11%$364.92
85,350 at 3.12%$365.39
85,350 at 3.13%$365.85
85,350 at 3.14%$366.32
85,350 at 3.15%$366.78
85,350 at 3.16%$367.25
85,350 at 3.17%$367.71
85,350 at 3.18%$368.18
85,350 at 3.19%$368.64
85,350 at 3.2%$369.11
85,350 at 3.21%$369.58
85,350 at 3.22%$370.04
85,350 at 3.23%$370.51
85,350 at 3.24%$370.98
85,350 at 3.25%$371.45
85,350 at 3.26%$371.92
85,350 at 3.27%$372.39
85,350 at 3.28%$372.86
85,350 at 3.29%$373.32
85,350 at 3.3%$373.79
85,350 at 3.31%$374.26
85,350 at 3.32%$374.74
85,350 at 3.33%$375.21
85,350 at 3.34%$375.68
85,350 at 3.35%$376.15
85,350 at 3.36%$376.62
85,350 at 3.37%$377.09
85,350 at 3.38%$377.57
85,350 at 3.39%$378.04
85,350 at 3.4%$378.51
85,350 at 3.41%$378.98
85,350 at 3.42%$379.46
85,350 at 3.43%$379.93
85,350 at 3.44%$380.41
85,350 at 3.45%$380.88
85,350 at 3.46%$381.36
85,350 at 3.47%$381.83
85,350 at 3.48%$382.31
85,350 at 3.49%$382.78
85,350 at 3.5%$383.26
Interest Rate 30 Year
85,350 at 3.51%$383.74
85,350 at 3.52%$384.21
85,350 at 3.53%$384.69
85,350 at 3.54%$385.17
85,350 at 3.55%$385.65
85,350 at 3.56%$386.12
85,350 at 3.57%$386.60
85,350 at 3.58%$387.08
85,350 at 3.59%$387.56
85,350 at 3.6%$388.04
85,350 at 3.61%$388.52
85,350 at 3.62%$389.00
85,350 at 3.63%$389.48
85,350 at 3.64%$389.96
85,350 at 3.65%$390.44
85,350 at 3.66%$390.92
85,350 at 3.67%$391.40
85,350 at 3.68%$391.89
85,350 at 3.69%$392.37
85,350 at 3.7%$392.85
85,350 at 3.71%$393.33
85,350 at 3.72%$393.82
85,350 at 3.73%$394.30
85,350 at 3.74%$394.79
85,350 at 3.75%$395.27
85,350 at 3.76%$395.75
85,350 at 3.77%$396.24
85,350 at 3.78%$396.72
85,350 at 3.79%$397.21
85,350 at 3.8%$397.69
85,350 at 3.81%$398.18
85,350 at 3.82%$398.67
85,350 at 3.83%$399.15
85,350 at 3.84%$399.64
85,350 at 3.85%$400.13
85,350 at 3.86%$400.62
85,350 at 3.87%$401.10
85,350 at 3.88%$401.59
85,350 at 3.89%$402.08
85,350 at 3.9%$402.57
85,350 at 3.91%$403.06
85,350 at 3.92%$403.55
85,350 at 3.93%$404.04
85,350 at 3.94%$404.53
85,350 at 3.95%$405.02
85,350 at 3.96%$405.51
85,350 at 3.97%$406.00
85,350 at 3.98%$406.49
85,350 at 3.99%$406.98
85,350 at 4%$407.47
85,350 at 4.01%$407.97
85,350 at 4.02%$408.46
85,350 at 4.03%$408.95
85,350 at 4.04%$409.44
85,350 at 4.05%$409.94
85,350 at 4.06%$410.43
85,350 at 4.07%$410.93
85,350 at 4.08%$411.42
85,350 at 4.09%$411.91
85,350 at 4.1%$412.41
85,350 at 4.11%$412.91
85,350 at 4.12%$413.40
85,350 at 4.13%$413.90
85,350 at 4.14%$414.39
85,350 at 4.15%$414.89
85,350 at 4.16%$415.39
85,350 at 4.17%$415.88
85,350 at 4.18%$416.38
85,350 at 4.19%$416.88
85,350 at 4.2%$417.38
85,350 at 4.21%$417.87
85,350 at 4.22%$418.37
85,350 at 4.23%$418.87
85,350 at 4.24%$419.37
85,350 at 4.25%$419.87
85,350 at 4.26%$420.37
85,350 at 4.27%$420.87
85,350 at 4.28%$421.37
85,350 at 4.29%$421.87
85,350 at 4.3%$422.37
85,350 at 4.31%$422.87
85,350 at 4.32%$423.38
85,350 at 4.33%$423.88
85,350 at 4.34%$424.38
85,350 at 4.35%$424.88
85,350 at 4.36%$425.39
85,350 at 4.37%$425.89
85,350 at 4.38%$426.39
85,350 at 4.39%$426.90
85,350 at 4.4%$427.40
85,350 at 4.41%$427.90
85,350 at 4.42%$428.41
85,350 at 4.43%$428.91
85,350 at 4.44%$429.42
85,350 at 4.45%$429.92
85,350 at 4.46%$430.43
85,350 at 4.47%$430.94
85,350 at 4.48%$431.44
85,350 at 4.49%$431.95
85,350 at 4.5%$432.46
85,350 at 4.51%$432.96
85,350 at 4.52%$433.47
85,350 at 4.53%$433.98
85,350 at 4.54%$434.49
85,350 at 4.55%$435.00
85,350 at 4.56%$435.50
85,350 at 4.57%$436.01
85,350 at 4.58%$436.52
85,350 at 4.59%$437.03
85,350 at 4.6%$437.54
85,350 at 4.61%$438.05
85,350 at 4.62%$438.56
85,350 at 4.63%$439.07
85,350 at 4.64%$439.58
85,350 at 4.65%$440.10
85,350 at 4.66%$440.61
85,350 at 4.67%$441.12
85,350 at 4.68%$441.63
85,350 at 4.69%$442.14
85,350 at 4.7%$442.66
85,350 at 4.71%$443.17
85,350 at 4.72%$443.68
85,350 at 4.73%$444.20
85,350 at 4.74%$444.71
85,350 at 4.75%$445.23
85,350 at 4.76%$445.74
85,350 at 4.77%$446.26
85,350 at 4.78%$446.77
85,350 at 4.79%$447.29
85,350 at 4.8%$447.80
85,350 at 4.81%$448.32
85,350 at 4.82%$448.83
85,350 at 4.83%$449.35
85,350 at 4.84%$449.87
85,350 at 4.85%$450.38
85,350 at 4.86%$450.90
85,350 at 4.87%$451.42
85,350 at 4.88%$451.94
85,350 at 4.89%$452.46
85,350 at 4.9%$452.98
85,350 at 4.91%$453.49
85,350 at 4.92%$454.01
85,350 at 4.93%$454.53
85,350 at 4.94%$455.05
85,350 at 4.95%$455.57
85,350 at 4.96%$456.09
85,350 at 4.97%$456.61
85,350 at 4.98%$457.13
85,350 at 4.99%$457.66
85,350 at 5%$458.18
Interest Rate 30 Year
85,350 at 5.01%$458.70
85,350 at 5.02%$459.22
85,350 at 5.03%$459.74
85,350 at 5.04%$460.27
85,350 at 5.05%$460.79
85,350 at 5.06%$461.31
85,350 at 5.07%$461.84
85,350 at 5.08%$462.36
85,350 at 5.09%$462.88
85,350 at 5.1%$463.41
85,350 at 5.11%$463.93
85,350 at 5.12%$464.46
85,350 at 5.13%$464.98
85,350 at 5.14%$465.51
85,350 at 5.15%$466.03
85,350 at 5.16%$466.56
85,350 at 5.17%$467.09
85,350 at 5.18%$467.61
85,350 at 5.19%$468.14
85,350 at 5.2%$468.67
85,350 at 5.21%$469.19
85,350 at 5.22%$469.72
85,350 at 5.23%$470.25
85,350 at 5.24%$470.78
85,350 at 5.25%$471.31
85,350 at 5.26%$471.83
85,350 at 5.27%$472.36
85,350 at 5.28%$472.89
85,350 at 5.29%$473.42
85,350 at 5.3%$473.95
85,350 at 5.31%$474.48
85,350 at 5.32%$475.01
85,350 at 5.33%$475.54
85,350 at 5.34%$476.07
85,350 at 5.35%$476.61
85,350 at 5.36%$477.14
85,350 at 5.37%$477.67
85,350 at 5.38%$478.20
85,350 at 5.39%$478.73
85,350 at 5.4%$479.27
85,350 at 5.41%$479.80
85,350 at 5.42%$480.33
85,350 at 5.43%$480.87
85,350 at 5.44%$481.40
85,350 at 5.45%$481.93
85,350 at 5.46%$482.47
85,350 at 5.47%$483.00
85,350 at 5.48%$483.54
85,350 at 5.49%$484.07
85,350 at 5.5%$484.61
85,350 at 5.51%$485.14
85,350 at 5.52%$485.68
85,350 at 5.53%$486.22
85,350 at 5.54%$486.75
85,350 at 5.55%$487.29
85,350 at 5.56%$487.83
85,350 at 5.57%$488.36
85,350 at 5.58%$488.90
85,350 at 5.59%$489.44
85,350 at 5.6%$489.98
85,350 at 5.61%$490.51
85,350 at 5.62%$491.05
85,350 at 5.63%$491.59
85,350 at 5.64%$492.13
85,350 at 5.65%$492.67
85,350 at 5.66%$493.21
85,350 at 5.67%$493.75
85,350 at 5.68%$494.29
85,350 at 5.69%$494.83
85,350 at 5.7%$495.37
85,350 at 5.71%$495.91
85,350 at 5.72%$496.45
85,350 at 5.73%$497.00
85,350 at 5.74%$497.54
85,350 at 5.75%$498.08
85,350 at 5.76%$498.62
85,350 at 5.77%$499.16
85,350 at 5.78%$499.71
85,350 at 5.79%$500.25
85,350 at 5.8%$500.79
85,350 at 5.81%$501.34
85,350 at 5.82%$501.88
85,350 at 5.83%$502.43
85,350 at 5.84%$502.97
85,350 at 5.85%$503.51
85,350 at 5.86%$504.06
85,350 at 5.87%$504.60
85,350 at 5.88%$505.15
85,350 at 5.89%$505.70
85,350 at 5.9%$506.24
85,350 at 5.91%$506.79
85,350 at 5.92%$507.33
85,350 at 5.93%$507.88
85,350 at 5.94%$508.43
85,350 at 5.95%$508.98
85,350 at 5.96%$509.52
85,350 at 5.97%$510.07
85,350 at 5.98%$510.62
85,350 at 5.99%$511.17
85,350 at 6%$511.72
85,350 at 6.01%$512.27
85,350 at 6.02%$512.81
85,350 at 6.03%$513.36
85,350 at 6.04%$513.91
85,350 at 6.05%$514.46
85,350 at 6.06%$515.01
85,350 at 6.07%$515.56
85,350 at 6.08%$516.11
85,350 at 6.09%$516.67
85,350 at 6.1%$517.22
85,350 at 6.11%$517.77
85,350 at 6.12%$518.32
85,350 at 6.13%$518.87
85,350 at 6.14%$519.42
85,350 at 6.15%$519.98
85,350 at 6.16%$520.53
85,350 at 6.17%$521.08
85,350 at 6.18%$521.64
85,350 at 6.19%$522.19
85,350 at 6.2%$522.74
85,350 at 6.21%$523.30
85,350 at 6.22%$523.85
85,350 at 6.23%$524.40
85,350 at 6.24%$524.96
85,350 at 6.25%$525.51
85,350 at 6.26%$526.07
85,350 at 6.27%$526.63
85,350 at 6.28%$527.18
85,350 at 6.29%$527.74
85,350 at 6.3%$528.29
85,350 at 6.31%$528.85
85,350 at 6.32%$529.41
85,350 at 6.33%$529.96
85,350 at 6.34%$530.52
85,350 at 6.35%$531.08
85,350 at 6.36%$531.64
85,350 at 6.37%$532.19
85,350 at 6.38%$532.75
85,350 at 6.39%$533.31
85,350 at 6.4%$533.87
85,350 at 6.41%$534.43
85,350 at 6.42%$534.99
85,350 at 6.43%$535.55
85,350 at 6.44%$536.11
85,350 at 6.45%$536.67
85,350 at 6.46%$537.23
85,350 at 6.47%$537.79
85,350 at 6.48%$538.35
85,350 at 6.49%$538.91
85,350 at 6.5%$539.47
Interest Rate 30 Year
85,350 at 6.51%$540.03
85,350 at 6.52%$540.59
85,350 at 6.53%$541.16
85,350 at 6.54%$541.72
85,350 at 6.55%$542.28
85,350 at 6.56%$542.84
85,350 at 6.57%$543.41
85,350 at 6.58%$543.97
85,350 at 6.59%$544.53
85,350 at 6.6%$545.10
85,350 at 6.61%$545.66
85,350 at 6.62%$546.22
85,350 at 6.63%$546.79
85,350 at 6.64%$547.35
85,350 at 6.65%$547.92
85,350 at 6.66%$548.48
85,350 at 6.67%$549.05
85,350 at 6.68%$549.61
85,350 at 6.69%$550.18
85,350 at 6.7%$550.74
85,350 at 6.71%$551.31
85,350 at 6.72%$551.88
85,350 at 6.73%$552.44
85,350 at 6.74%$553.01
85,350 at 6.75%$553.58
85,350 at 6.76%$554.15
85,350 at 6.77%$554.71
85,350 at 6.78%$555.28
85,350 at 6.79%$555.85
85,350 at 6.8%$556.42
85,350 at 6.81%$556.99
85,350 at 6.82%$557.56
85,350 at 6.83%$558.12
85,350 at 6.84%$558.69
85,350 at 6.85%$559.26
85,350 at 6.86%$559.83
85,350 at 6.87%$560.40
85,350 at 6.88%$560.97
85,350 at 6.89%$561.54
85,350 at 6.9%$562.12
85,350 at 6.91%$562.69
85,350 at 6.92%$563.26
85,350 at 6.93%$563.83
85,350 at 6.94%$564.40
85,350 at 6.95%$564.97
85,350 at 6.96%$565.54
85,350 at 6.97%$566.12
85,350 at 6.98%$566.69
85,350 at 6.99%$567.26
85,350 at 7%$567.84
85,350 at 7.01%$568.41
85,350 at 7.02%$568.98
85,350 at 7.03%$569.56
85,350 at 7.04%$570.13
85,350 at 7.05%$570.70
85,350 at 7.06%$571.28
85,350 at 7.07%$571.85
85,350 at 7.08%$572.43
85,350 at 7.09%$573.00
85,350 at 7.1%$573.58
85,350 at 7.11%$574.15
85,350 at 7.12%$574.73
85,350 at 7.13%$575.31
85,350 at 7.14%$575.88
85,350 at 7.15%$576.46
85,350 at 7.16%$577.04
85,350 at 7.17%$577.61
85,350 at 7.18%$578.19
85,350 at 7.19%$578.77
85,350 at 7.2%$579.35
85,350 at 7.21%$579.92
85,350 at 7.22%$580.50
85,350 at 7.23%$581.08
85,350 at 7.24%$581.66
85,350 at 7.25%$582.24
85,350 at 7.26%$582.82
85,350 at 7.27%$583.40
85,350 at 7.28%$583.98
85,350 at 7.29%$584.55
85,350 at 7.3%$585.13
85,350 at 7.31%$585.71
85,350 at 7.32%$586.30
85,350 at 7.33%$586.88
85,350 at 7.34%$587.46
85,350 at 7.35%$588.04
85,350 at 7.36%$588.62
85,350 at 7.37%$589.20
85,350 at 7.38%$589.78
85,350 at 7.39%$590.36
85,350 at 7.4%$590.95
85,350 at 7.41%$591.53
85,350 at 7.42%$592.11
85,350 at 7.43%$592.69
85,350 at 7.44%$593.28
85,350 at 7.45%$593.86
85,350 at 7.46%$594.44
85,350 at 7.47%$595.03
85,350 at 7.48%$595.61
85,350 at 7.49%$596.20
85,350 at 7.5%$596.78
85,350 at 7.51%$597.36
85,350 at 7.52%$597.95
85,350 at 7.53%$598.53
85,350 at 7.54%$599.12
85,350 at 7.55%$599.70
85,350 at 7.56%$600.29
85,350 at 7.57%$600.88
85,350 at 7.58%$601.46
85,350 at 7.59%$602.05
85,350 at 7.6%$602.63
85,350 at 7.61%$603.22
85,350 at 7.62%$603.81
85,350 at 7.63%$604.40
85,350 at 7.64%$604.98
85,350 at 7.65%$605.57
85,350 at 7.66%$606.16
85,350 at 7.67%$606.75
85,350 at 7.68%$607.33
85,350 at 7.69%$607.92
85,350 at 7.7%$608.51
85,350 at 7.71%$609.10
85,350 at 7.72%$609.69
85,350 at 7.73%$610.28
85,350 at 7.74%$610.87
85,350 at 7.75%$611.46
85,350 at 7.76%$612.05
85,350 at 7.77%$612.64
85,350 at 7.78%$613.23
85,350 at 7.79%$613.82
85,350 at 7.8%$614.41
85,350 at 7.81%$615.00
85,350 at 7.82%$615.59
85,350 at 7.83%$616.18
85,350 at 7.84%$616.77
85,350 at 7.85%$617.37
85,350 at 7.86%$617.96
85,350 at 7.87%$618.55
85,350 at 7.88%$619.14
85,350 at 7.89%$619.74
85,350 at 7.9%$620.33
85,350 at 7.91%$620.92
85,350 at 7.92%$621.51
85,350 at 7.93%$622.11
85,350 at 7.94%$622.70
85,350 at 7.95%$623.30
85,350 at 7.96%$623.89
85,350 at 7.97%$624.48
85,350 at 7.98%$625.08
85,350 at 7.99%$625.67
85,350 at 8%$626.27
More Amounts
What is the down payment for a $85,350 house? How much do you need to put down?
Percent Down Down Payment
1%854
2%1,707
3%2,561
4%3,414
5%4,268
6%5,121
7%5,975
8%6,828
9%7,682
10%8,535
11%9,389
12%10,242
13%11,096
14%11,949
15%12,803
16%13,656
17%14,510
18%15,363
19%16,217
20%17,070
Percent Down Down Payment
21%17,924
22%18,777
23%19,631
24%20,484
25%21,338
26%22,191
27%23,045
28%23,898
29%24,752
30%25,605
31%26,459
32%27,312
33%28,166
34%29,019
35%29,873
36%30,726
37%31,580
38%32,433
39%33,287
40%34,140
Percent Down Down Payment
41%34,994
42%35,847
43%36,701
44%37,554
45%38,408
46%39,261
47%40,115
48%40,968
49%41,822
50%42,675
51%43,529
52%44,382
53%45,236
54%46,089
55%46,943
56%47,796
57%48,650
58%49,503
59%50,357
60%51,210
Percent Down Down Payment
61%52,064
62%52,917
63%53,771
64%54,624
65%55,478
66%56,331
67%57,185
68%58,038
69%58,892
70%59,745
71%60,599
72%61,452
73%62,306
74%63,159
75%64,013
76%64,866
77%65,720
78%66,573
79%67,427
80%68,280
Percent Down Down Payment
81%69,134
82%69,987
83%70,841
84%71,694
85%72,548
86%73,401
87%74,255
88%75,108
89%75,962
90%76,815
91%77,669
92%78,522
93%79,376
94%80,229
95%81,083
96%81,936
97%82,790
98%83,643
99%84,497
100%85,350
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.