$85,650 Mortgage for 30 Years

What is the monthly payment of a 85,650 dollar loan?
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Loan Tables for a $85,650 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 86k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $85,650 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
85,650 at 2.01%$317.01
85,650 at 2.02%$317.44
85,650 at 2.03%$317.87
85,650 at 2.04%$318.30
85,650 at 2.05%$318.72
85,650 at 2.06%$319.16
85,650 at 2.07%$319.59
85,650 at 2.08%$320.02
85,650 at 2.09%$320.45
85,650 at 2.1%$320.88
85,650 at 2.11%$321.31
85,650 at 2.12%$321.74
85,650 at 2.13%$322.18
85,650 at 2.14%$322.61
85,650 at 2.15%$323.04
85,650 at 2.16%$323.48
85,650 at 2.17%$323.91
85,650 at 2.18%$324.34
85,650 at 2.19%$324.78
85,650 at 2.2%$325.21
85,650 at 2.21%$325.65
85,650 at 2.22%$326.08
85,650 at 2.23%$326.52
85,650 at 2.24%$326.96
85,650 at 2.25%$327.39
85,650 at 2.26%$327.83
85,650 at 2.27%$328.27
85,650 at 2.28%$328.71
85,650 at 2.29%$329.14
85,650 at 2.3%$329.58
85,650 at 2.31%$330.02
85,650 at 2.32%$330.46
85,650 at 2.33%$330.90
85,650 at 2.34%$331.34
85,650 at 2.35%$331.78
85,650 at 2.36%$332.22
85,650 at 2.37%$332.66
85,650 at 2.38%$333.10
85,650 at 2.39%$333.54
85,650 at 2.4%$333.98
85,650 at 2.41%$334.43
85,650 at 2.42%$334.87
85,650 at 2.43%$335.31
85,650 at 2.44%$335.76
85,650 at 2.45%$336.20
85,650 at 2.46%$336.64
85,650 at 2.47%$337.09
85,650 at 2.48%$337.53
85,650 at 2.49%$337.98
85,650 at 2.5%$338.42
85,650 at 2.51%$338.87
85,650 at 2.52%$339.31
85,650 at 2.53%$339.76
85,650 at 2.54%$340.20
85,650 at 2.55%$340.65
85,650 at 2.56%$341.10
85,650 at 2.57%$341.55
85,650 at 2.58%$341.99
85,650 at 2.59%$342.44
85,650 at 2.6%$342.89
85,650 at 2.61%$343.34
85,650 at 2.62%$343.79
85,650 at 2.63%$344.24
85,650 at 2.64%$344.69
85,650 at 2.65%$345.14
85,650 at 2.66%$345.59
85,650 at 2.67%$346.04
85,650 at 2.68%$346.49
85,650 at 2.69%$346.94
85,650 at 2.7%$347.39
85,650 at 2.71%$347.85
85,650 at 2.72%$348.30
85,650 at 2.73%$348.75
85,650 at 2.74%$349.21
85,650 at 2.75%$349.66
85,650 at 2.76%$350.11
85,650 at 2.77%$350.57
85,650 at 2.78%$351.02
85,650 at 2.79%$351.48
85,650 at 2.8%$351.93
85,650 at 2.81%$352.39
85,650 at 2.82%$352.84
85,650 at 2.83%$353.30
85,650 at 2.84%$353.76
85,650 at 2.85%$354.21
85,650 at 2.86%$354.67
85,650 at 2.87%$355.13
85,650 at 2.88%$355.58
85,650 at 2.89%$356.04
85,650 at 2.9%$356.50
85,650 at 2.91%$356.96
85,650 at 2.92%$357.42
85,650 at 2.93%$357.88
85,650 at 2.94%$358.34
85,650 at 2.95%$358.80
85,650 at 2.96%$359.26
85,650 at 2.97%$359.72
85,650 at 2.98%$360.18
85,650 at 2.99%$360.64
85,650 at 3%$361.10
85,650 at 3.01%$361.57
85,650 at 3.02%$362.03
85,650 at 3.03%$362.49
85,650 at 3.04%$362.95
85,650 at 3.05%$363.42
85,650 at 3.06%$363.88
85,650 at 3.07%$364.35
85,650 at 3.08%$364.81
85,650 at 3.09%$365.27
85,650 at 3.1%$365.74
85,650 at 3.11%$366.20
85,650 at 3.12%$366.67
85,650 at 3.13%$367.14
85,650 at 3.14%$367.60
85,650 at 3.15%$368.07
85,650 at 3.16%$368.54
85,650 at 3.17%$369.00
85,650 at 3.18%$369.47
85,650 at 3.19%$369.94
85,650 at 3.2%$370.41
85,650 at 3.21%$370.88
85,650 at 3.22%$371.35
85,650 at 3.23%$371.81
85,650 at 3.24%$372.28
85,650 at 3.25%$372.75
85,650 at 3.26%$373.22
85,650 at 3.27%$373.70
85,650 at 3.28%$374.17
85,650 at 3.29%$374.64
85,650 at 3.3%$375.11
85,650 at 3.31%$375.58
85,650 at 3.32%$376.05
85,650 at 3.33%$376.53
85,650 at 3.34%$377.00
85,650 at 3.35%$377.47
85,650 at 3.36%$377.94
85,650 at 3.37%$378.42
85,650 at 3.38%$378.89
85,650 at 3.39%$379.37
85,650 at 3.4%$379.84
85,650 at 3.41%$380.32
85,650 at 3.42%$380.79
85,650 at 3.43%$381.27
85,650 at 3.44%$381.74
85,650 at 3.45%$382.22
85,650 at 3.46%$382.70
85,650 at 3.47%$383.17
85,650 at 3.48%$383.65
85,650 at 3.49%$384.13
85,650 at 3.5%$384.61
Interest Rate 30 Year
85,650 at 3.51%$385.09
85,650 at 3.52%$385.56
85,650 at 3.53%$386.04
85,650 at 3.54%$386.52
85,650 at 3.55%$387.00
85,650 at 3.56%$387.48
85,650 at 3.57%$387.96
85,650 at 3.58%$388.44
85,650 at 3.59%$388.92
85,650 at 3.6%$389.40
85,650 at 3.61%$389.89
85,650 at 3.62%$390.37
85,650 at 3.63%$390.85
85,650 at 3.64%$391.33
85,650 at 3.65%$391.81
85,650 at 3.66%$392.30
85,650 at 3.67%$392.78
85,650 at 3.68%$393.26
85,650 at 3.69%$393.75
85,650 at 3.7%$394.23
85,650 at 3.71%$394.72
85,650 at 3.72%$395.20
85,650 at 3.73%$395.69
85,650 at 3.74%$396.17
85,650 at 3.75%$396.66
85,650 at 3.76%$397.14
85,650 at 3.77%$397.63
85,650 at 3.78%$398.12
85,650 at 3.79%$398.61
85,650 at 3.8%$399.09
85,650 at 3.81%$399.58
85,650 at 3.82%$400.07
85,650 at 3.83%$400.56
85,650 at 3.84%$401.05
85,650 at 3.85%$401.53
85,650 at 3.86%$402.02
85,650 at 3.87%$402.51
85,650 at 3.88%$403.00
85,650 at 3.89%$403.49
85,650 at 3.9%$403.98
85,650 at 3.91%$404.47
85,650 at 3.92%$404.97
85,650 at 3.93%$405.46
85,650 at 3.94%$405.95
85,650 at 3.95%$406.44
85,650 at 3.96%$406.93
85,650 at 3.97%$407.43
85,650 at 3.98%$407.92
85,650 at 3.99%$408.41
85,650 at 4%$408.91
85,650 at 4.01%$409.40
85,650 at 4.02%$409.89
85,650 at 4.03%$410.39
85,650 at 4.04%$410.88
85,650 at 4.05%$411.38
85,650 at 4.06%$411.87
85,650 at 4.07%$412.37
85,650 at 4.08%$412.87
85,650 at 4.09%$413.36
85,650 at 4.1%$413.86
85,650 at 4.11%$414.36
85,650 at 4.12%$414.85
85,650 at 4.13%$415.35
85,650 at 4.14%$415.85
85,650 at 4.15%$416.35
85,650 at 4.16%$416.85
85,650 at 4.17%$417.34
85,650 at 4.18%$417.84
85,650 at 4.19%$418.34
85,650 at 4.2%$418.84
85,650 at 4.21%$419.34
85,650 at 4.22%$419.84
85,650 at 4.23%$420.34
85,650 at 4.24%$420.85
85,650 at 4.25%$421.35
85,650 at 4.26%$421.85
85,650 at 4.27%$422.35
85,650 at 4.28%$422.85
85,650 at 4.29%$423.35
85,650 at 4.3%$423.86
85,650 at 4.31%$424.36
85,650 at 4.32%$424.86
85,650 at 4.33%$425.37
85,650 at 4.34%$425.87
85,650 at 4.35%$426.38
85,650 at 4.36%$426.88
85,650 at 4.37%$427.39
85,650 at 4.38%$427.89
85,650 at 4.39%$428.40
85,650 at 4.4%$428.90
85,650 at 4.41%$429.41
85,650 at 4.42%$429.91
85,650 at 4.43%$430.42
85,650 at 4.44%$430.93
85,650 at 4.45%$431.44
85,650 at 4.46%$431.94
85,650 at 4.47%$432.45
85,650 at 4.48%$432.96
85,650 at 4.49%$433.47
85,650 at 4.5%$433.98
85,650 at 4.51%$434.49
85,650 at 4.52%$434.99
85,650 at 4.53%$435.50
85,650 at 4.54%$436.01
85,650 at 4.55%$436.52
85,650 at 4.56%$437.03
85,650 at 4.57%$437.55
85,650 at 4.58%$438.06
85,650 at 4.59%$438.57
85,650 at 4.6%$439.08
85,650 at 4.61%$439.59
85,650 at 4.62%$440.10
85,650 at 4.63%$440.62
85,650 at 4.64%$441.13
85,650 at 4.65%$441.64
85,650 at 4.66%$442.16
85,650 at 4.67%$442.67
85,650 at 4.68%$443.18
85,650 at 4.69%$443.70
85,650 at 4.7%$444.21
85,650 at 4.71%$444.73
85,650 at 4.72%$445.24
85,650 at 4.73%$445.76
85,650 at 4.74%$446.27
85,650 at 4.75%$446.79
85,650 at 4.76%$447.31
85,650 at 4.77%$447.82
85,650 at 4.78%$448.34
85,650 at 4.79%$448.86
85,650 at 4.8%$449.38
85,650 at 4.81%$449.89
85,650 at 4.82%$450.41
85,650 at 4.83%$450.93
85,650 at 4.84%$451.45
85,650 at 4.85%$451.97
85,650 at 4.86%$452.49
85,650 at 4.87%$453.01
85,650 at 4.88%$453.53
85,650 at 4.89%$454.05
85,650 at 4.9%$454.57
85,650 at 4.91%$455.09
85,650 at 4.92%$455.61
85,650 at 4.93%$456.13
85,650 at 4.94%$456.65
85,650 at 4.95%$457.17
85,650 at 4.96%$457.70
85,650 at 4.97%$458.22
85,650 at 4.98%$458.74
85,650 at 4.99%$459.26
85,650 at 5%$459.79
Interest Rate 30 Year
85,650 at 5.01%$460.31
85,650 at 5.02%$460.84
85,650 at 5.03%$461.36
85,650 at 5.04%$461.88
85,650 at 5.05%$462.41
85,650 at 5.06%$462.93
85,650 at 5.07%$463.46
85,650 at 5.08%$463.98
85,650 at 5.09%$464.51
85,650 at 5.1%$465.04
85,650 at 5.11%$465.56
85,650 at 5.12%$466.09
85,650 at 5.13%$466.62
85,650 at 5.14%$467.14
85,650 at 5.15%$467.67
85,650 at 5.16%$468.20
85,650 at 5.17%$468.73
85,650 at 5.18%$469.26
85,650 at 5.19%$469.78
85,650 at 5.2%$470.31
85,650 at 5.21%$470.84
85,650 at 5.22%$471.37
85,650 at 5.23%$471.90
85,650 at 5.24%$472.43
85,650 at 5.25%$472.96
85,650 at 5.26%$473.49
85,650 at 5.27%$474.02
85,650 at 5.28%$474.56
85,650 at 5.29%$475.09
85,650 at 5.3%$475.62
85,650 at 5.31%$476.15
85,650 at 5.32%$476.68
85,650 at 5.33%$477.22
85,650 at 5.34%$477.75
85,650 at 5.35%$478.28
85,650 at 5.36%$478.81
85,650 at 5.37%$479.35
85,650 at 5.38%$479.88
85,650 at 5.39%$480.42
85,650 at 5.4%$480.95
85,650 at 5.41%$481.49
85,650 at 5.42%$482.02
85,650 at 5.43%$482.56
85,650 at 5.44%$483.09
85,650 at 5.45%$483.63
85,650 at 5.46%$484.16
85,650 at 5.47%$484.70
85,650 at 5.48%$485.24
85,650 at 5.49%$485.77
85,650 at 5.5%$486.31
85,650 at 5.51%$486.85
85,650 at 5.52%$487.39
85,650 at 5.53%$487.92
85,650 at 5.54%$488.46
85,650 at 5.55%$489.00
85,650 at 5.56%$489.54
85,650 at 5.57%$490.08
85,650 at 5.58%$490.62
85,650 at 5.59%$491.16
85,650 at 5.6%$491.70
85,650 at 5.61%$492.24
85,650 at 5.62%$492.78
85,650 at 5.63%$493.32
85,650 at 5.64%$493.86
85,650 at 5.65%$494.40
85,650 at 5.66%$494.94
85,650 at 5.67%$495.49
85,650 at 5.68%$496.03
85,650 at 5.69%$496.57
85,650 at 5.7%$497.11
85,650 at 5.71%$497.66
85,650 at 5.72%$498.20
85,650 at 5.73%$498.74
85,650 at 5.74%$499.29
85,650 at 5.75%$499.83
85,650 at 5.76%$500.37
85,650 at 5.77%$500.92
85,650 at 5.78%$501.46
85,650 at 5.79%$502.01
85,650 at 5.8%$502.55
85,650 at 5.81%$503.10
85,650 at 5.82%$503.65
85,650 at 5.83%$504.19
85,650 at 5.84%$504.74
85,650 at 5.85%$505.28
85,650 at 5.86%$505.83
85,650 at 5.87%$506.38
85,650 at 5.88%$506.93
85,650 at 5.89%$507.47
85,650 at 5.9%$508.02
85,650 at 5.91%$508.57
85,650 at 5.92%$509.12
85,650 at 5.93%$509.67
85,650 at 5.94%$510.22
85,650 at 5.95%$510.76
85,650 at 5.96%$511.31
85,650 at 5.97%$511.86
85,650 at 5.98%$512.41
85,650 at 5.99%$512.96
85,650 at 6%$513.52
85,650 at 6.01%$514.07
85,650 at 6.02%$514.62
85,650 at 6.03%$515.17
85,650 at 6.04%$515.72
85,650 at 6.05%$516.27
85,650 at 6.06%$516.82
85,650 at 6.07%$517.38
85,650 at 6.08%$517.93
85,650 at 6.09%$518.48
85,650 at 6.1%$519.03
85,650 at 6.11%$519.59
85,650 at 6.12%$520.14
85,650 at 6.13%$520.70
85,650 at 6.14%$521.25
85,650 at 6.15%$521.80
85,650 at 6.16%$522.36
85,650 at 6.17%$522.91
85,650 at 6.18%$523.47
85,650 at 6.19%$524.02
85,650 at 6.2%$524.58
85,650 at 6.21%$525.14
85,650 at 6.22%$525.69
85,650 at 6.23%$526.25
85,650 at 6.24%$526.80
85,650 at 6.25%$527.36
85,650 at 6.26%$527.92
85,650 at 6.27%$528.48
85,650 at 6.28%$529.03
85,650 at 6.29%$529.59
85,650 at 6.3%$530.15
85,650 at 6.31%$530.71
85,650 at 6.32%$531.27
85,650 at 6.33%$531.83
85,650 at 6.34%$532.39
85,650 at 6.35%$532.94
85,650 at 6.36%$533.50
85,650 at 6.37%$534.06
85,650 at 6.38%$534.62
85,650 at 6.39%$535.19
85,650 at 6.4%$535.75
85,650 at 6.41%$536.31
85,650 at 6.42%$536.87
85,650 at 6.43%$537.43
85,650 at 6.44%$537.99
85,650 at 6.45%$538.55
85,650 at 6.46%$539.12
85,650 at 6.47%$539.68
85,650 at 6.48%$540.24
85,650 at 6.49%$540.80
85,650 at 6.5%$541.37
Interest Rate 30 Year
85,650 at 6.51%$541.93
85,650 at 6.52%$542.49
85,650 at 6.53%$543.06
85,650 at 6.54%$543.62
85,650 at 6.55%$544.19
85,650 at 6.56%$544.75
85,650 at 6.57%$545.32
85,650 at 6.58%$545.88
85,650 at 6.59%$546.45
85,650 at 6.6%$547.01
85,650 at 6.61%$547.58
85,650 at 6.62%$548.14
85,650 at 6.63%$548.71
85,650 at 6.64%$549.28
85,650 at 6.65%$549.84
85,650 at 6.66%$550.41
85,650 at 6.67%$550.98
85,650 at 6.68%$551.54
85,650 at 6.69%$552.11
85,650 at 6.7%$552.68
85,650 at 6.71%$553.25
85,650 at 6.72%$553.82
85,650 at 6.73%$554.39
85,650 at 6.74%$554.96
85,650 at 6.75%$555.52
85,650 at 6.76%$556.09
85,650 at 6.77%$556.66
85,650 at 6.78%$557.23
85,650 at 6.79%$557.80
85,650 at 6.8%$558.37
85,650 at 6.81%$558.94
85,650 at 6.82%$559.52
85,650 at 6.83%$560.09
85,650 at 6.84%$560.66
85,650 at 6.85%$561.23
85,650 at 6.86%$561.80
85,650 at 6.87%$562.37
85,650 at 6.88%$562.95
85,650 at 6.89%$563.52
85,650 at 6.9%$564.09
85,650 at 6.91%$564.66
85,650 at 6.92%$565.24
85,650 at 6.93%$565.81
85,650 at 6.94%$566.38
85,650 at 6.95%$566.96
85,650 at 6.96%$567.53
85,650 at 6.97%$568.11
85,650 at 6.98%$568.68
85,650 at 6.99%$569.26
85,650 at 7%$569.83
85,650 at 7.01%$570.41
85,650 at 7.02%$570.98
85,650 at 7.03%$571.56
85,650 at 7.04%$572.13
85,650 at 7.05%$572.71
85,650 at 7.06%$573.29
85,650 at 7.07%$573.86
85,650 at 7.08%$574.44
85,650 at 7.09%$575.02
85,650 at 7.1%$575.60
85,650 at 7.11%$576.17
85,650 at 7.12%$576.75
85,650 at 7.13%$577.33
85,650 at 7.14%$577.91
85,650 at 7.15%$578.49
85,650 at 7.16%$579.06
85,650 at 7.17%$579.64
85,650 at 7.18%$580.22
85,650 at 7.19%$580.80
85,650 at 7.2%$581.38
85,650 at 7.21%$581.96
85,650 at 7.22%$582.54
85,650 at 7.23%$583.12
85,650 at 7.24%$583.70
85,650 at 7.25%$584.28
85,650 at 7.26%$584.87
85,650 at 7.27%$585.45
85,650 at 7.28%$586.03
85,650 at 7.29%$586.61
85,650 at 7.3%$587.19
85,650 at 7.31%$587.77
85,650 at 7.32%$588.36
85,650 at 7.33%$588.94
85,650 at 7.34%$589.52
85,650 at 7.35%$590.10
85,650 at 7.36%$590.69
85,650 at 7.37%$591.27
85,650 at 7.38%$591.86
85,650 at 7.39%$592.44
85,650 at 7.4%$593.02
85,650 at 7.41%$593.61
85,650 at 7.42%$594.19
85,650 at 7.43%$594.78
85,650 at 7.44%$595.36
85,650 at 7.45%$595.95
85,650 at 7.46%$596.53
85,650 at 7.47%$597.12
85,650 at 7.48%$597.70
85,650 at 7.49%$598.29
85,650 at 7.5%$598.88
85,650 at 7.51%$599.46
85,650 at 7.52%$600.05
85,650 at 7.53%$600.64
85,650 at 7.54%$601.22
85,650 at 7.55%$601.81
85,650 at 7.56%$602.40
85,650 at 7.57%$602.99
85,650 at 7.58%$603.58
85,650 at 7.59%$604.16
85,650 at 7.6%$604.75
85,650 at 7.61%$605.34
85,650 at 7.62%$605.93
85,650 at 7.63%$606.52
85,650 at 7.64%$607.11
85,650 at 7.65%$607.70
85,650 at 7.66%$608.29
85,650 at 7.67%$608.88
85,650 at 7.68%$609.47
85,650 at 7.69%$610.06
85,650 at 7.7%$610.65
85,650 at 7.71%$611.24
85,650 at 7.72%$611.83
85,650 at 7.73%$612.42
85,650 at 7.74%$613.02
85,650 at 7.75%$613.61
85,650 at 7.76%$614.20
85,650 at 7.77%$614.79
85,650 at 7.78%$615.38
85,650 at 7.79%$615.98
85,650 at 7.8%$616.57
85,650 at 7.81%$617.16
85,650 at 7.82%$617.76
85,650 at 7.83%$618.35
85,650 at 7.84%$618.94
85,650 at 7.85%$619.54
85,650 at 7.86%$620.13
85,650 at 7.87%$620.72
85,650 at 7.88%$621.32
85,650 at 7.89%$621.91
85,650 at 7.9%$622.51
85,650 at 7.91%$623.10
85,650 at 7.92%$623.70
85,650 at 7.93%$624.29
85,650 at 7.94%$624.89
85,650 at 7.95%$625.49
85,650 at 7.96%$626.08
85,650 at 7.97%$626.68
85,650 at 7.98%$627.28
85,650 at 7.99%$627.87
85,650 at 8%$628.47
More Amounts
What is the down payment for a $85,650 house? How much do you need to put down?
Percent Down Down Payment
1%857
2%1,713
3%2,570
4%3,426
5%4,283
6%5,139
7%5,996
8%6,852
9%7,709
10%8,565
11%9,422
12%10,278
13%11,135
14%11,991
15%12,848
16%13,704
17%14,561
18%15,417
19%16,274
20%17,130
Percent Down Down Payment
21%17,987
22%18,843
23%19,700
24%20,556
25%21,413
26%22,269
27%23,126
28%23,982
29%24,839
30%25,695
31%26,552
32%27,408
33%28,265
34%29,121
35%29,978
36%30,834
37%31,691
38%32,547
39%33,404
40%34,260
Percent Down Down Payment
41%35,117
42%35,973
43%36,830
44%37,686
45%38,543
46%39,399
47%40,256
48%41,112
49%41,969
50%42,825
51%43,682
52%44,538
53%45,395
54%46,251
55%47,108
56%47,964
57%48,821
58%49,677
59%50,534
60%51,390
Percent Down Down Payment
61%52,247
62%53,103
63%53,960
64%54,816
65%55,673
66%56,529
67%57,386
68%58,242
69%59,099
70%59,955
71%60,812
72%61,668
73%62,525
74%63,381
75%64,238
76%65,094
77%65,951
78%66,807
79%67,664
80%68,520
Percent Down Down Payment
81%69,377
82%70,233
83%71,090
84%71,946
85%72,803
86%73,659
87%74,516
88%75,372
89%76,229
90%77,085
91%77,942
92%78,798
93%79,655
94%80,511
95%81,368
96%82,224
97%83,081
98%83,937
99%84,794
100%85,650
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.