$86,450 Mortgage for 30 Years

What is the monthly payment of a 86,450 dollar loan?
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Loan Tables for a $86,450 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 $86,450 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
86,450 at 2.01%$319.97
86,450 at 2.02%$320.40
86,450 at 2.03%$320.83
86,450 at 2.04%$321.27
86,450 at 2.05%$321.70
86,450 at 2.06%$322.14
86,450 at 2.07%$322.57
86,450 at 2.08%$323.01
86,450 at 2.09%$323.44
86,450 at 2.1%$323.88
86,450 at 2.11%$324.31
86,450 at 2.12%$324.75
86,450 at 2.13%$325.19
86,450 at 2.14%$325.62
86,450 at 2.15%$326.06
86,450 at 2.16%$326.50
86,450 at 2.17%$326.94
86,450 at 2.18%$327.37
86,450 at 2.19%$327.81
86,450 at 2.2%$328.25
86,450 at 2.21%$328.69
86,450 at 2.22%$329.13
86,450 at 2.23%$329.57
86,450 at 2.24%$330.01
86,450 at 2.25%$330.45
86,450 at 2.26%$330.89
86,450 at 2.27%$331.33
86,450 at 2.28%$331.78
86,450 at 2.29%$332.22
86,450 at 2.3%$332.66
86,450 at 2.31%$333.10
86,450 at 2.32%$333.55
86,450 at 2.33%$333.99
86,450 at 2.34%$334.43
86,450 at 2.35%$334.88
86,450 at 2.36%$335.32
86,450 at 2.37%$335.77
86,450 at 2.38%$336.21
86,450 at 2.39%$336.66
86,450 at 2.4%$337.10
86,450 at 2.41%$337.55
86,450 at 2.42%$338.00
86,450 at 2.43%$338.44
86,450 at 2.44%$338.89
86,450 at 2.45%$339.34
86,450 at 2.46%$339.79
86,450 at 2.47%$340.24
86,450 at 2.48%$340.68
86,450 at 2.49%$341.13
86,450 at 2.5%$341.58
86,450 at 2.51%$342.03
86,450 at 2.52%$342.48
86,450 at 2.53%$342.93
86,450 at 2.54%$343.38
86,450 at 2.55%$343.83
86,450 at 2.56%$344.28
86,450 at 2.57%$344.74
86,450 at 2.58%$345.19
86,450 at 2.59%$345.64
86,450 at 2.6%$346.09
86,450 at 2.61%$346.55
86,450 at 2.62%$347.00
86,450 at 2.63%$347.45
86,450 at 2.64%$347.91
86,450 at 2.65%$348.36
86,450 at 2.66%$348.82
86,450 at 2.67%$349.27
86,450 at 2.68%$349.73
86,450 at 2.69%$350.18
86,450 at 2.7%$350.64
86,450 at 2.71%$351.10
86,450 at 2.72%$351.55
86,450 at 2.73%$352.01
86,450 at 2.74%$352.47
86,450 at 2.75%$352.92
86,450 at 2.76%$353.38
86,450 at 2.77%$353.84
86,450 at 2.78%$354.30
86,450 at 2.79%$354.76
86,450 at 2.8%$355.22
86,450 at 2.81%$355.68
86,450 at 2.82%$356.14
86,450 at 2.83%$356.60
86,450 at 2.84%$357.06
86,450 at 2.85%$357.52
86,450 at 2.86%$357.98
86,450 at 2.87%$358.44
86,450 at 2.88%$358.91
86,450 at 2.89%$359.37
86,450 at 2.9%$359.83
86,450 at 2.91%$360.29
86,450 at 2.92%$360.76
86,450 at 2.93%$361.22
86,450 at 2.94%$361.69
86,450 at 2.95%$362.15
86,450 at 2.96%$362.61
86,450 at 2.97%$363.08
86,450 at 2.98%$363.54
86,450 at 2.99%$364.01
86,450 at 3%$364.48
86,450 at 3.01%$364.94
86,450 at 3.02%$365.41
86,450 at 3.03%$365.88
86,450 at 3.04%$366.34
86,450 at 3.05%$366.81
86,450 at 3.06%$367.28
86,450 at 3.07%$367.75
86,450 at 3.08%$368.22
86,450 at 3.09%$368.69
86,450 at 3.1%$369.16
86,450 at 3.11%$369.63
86,450 at 3.12%$370.10
86,450 at 3.13%$370.57
86,450 at 3.14%$371.04
86,450 at 3.15%$371.51
86,450 at 3.16%$371.98
86,450 at 3.17%$372.45
86,450 at 3.18%$372.92
86,450 at 3.19%$373.39
86,450 at 3.2%$373.87
86,450 at 3.21%$374.34
86,450 at 3.22%$374.81
86,450 at 3.23%$375.29
86,450 at 3.24%$375.76
86,450 at 3.25%$376.24
86,450 at 3.26%$376.71
86,450 at 3.27%$377.19
86,450 at 3.28%$377.66
86,450 at 3.29%$378.14
86,450 at 3.3%$378.61
86,450 at 3.31%$379.09
86,450 at 3.32%$379.57
86,450 at 3.33%$380.04
86,450 at 3.34%$380.52
86,450 at 3.35%$381.00
86,450 at 3.36%$381.47
86,450 at 3.37%$381.95
86,450 at 3.38%$382.43
86,450 at 3.39%$382.91
86,450 at 3.4%$383.39
86,450 at 3.41%$383.87
86,450 at 3.42%$384.35
86,450 at 3.43%$384.83
86,450 at 3.44%$385.31
86,450 at 3.45%$385.79
86,450 at 3.46%$386.27
86,450 at 3.47%$386.75
86,450 at 3.48%$387.23
86,450 at 3.49%$387.72
86,450 at 3.5%$388.20
Interest Rate 30 Year
86,450 at 3.51%$388.68
86,450 at 3.52%$389.16
86,450 at 3.53%$389.65
86,450 at 3.54%$390.13
86,450 at 3.55%$390.62
86,450 at 3.56%$391.10
86,450 at 3.57%$391.59
86,450 at 3.58%$392.07
86,450 at 3.59%$392.56
86,450 at 3.6%$393.04
86,450 at 3.61%$393.53
86,450 at 3.62%$394.01
86,450 at 3.63%$394.50
86,450 at 3.64%$394.99
86,450 at 3.65%$395.47
86,450 at 3.66%$395.96
86,450 at 3.67%$396.45
86,450 at 3.68%$396.94
86,450 at 3.69%$397.43
86,450 at 3.7%$397.91
86,450 at 3.71%$398.40
86,450 at 3.72%$398.89
86,450 at 3.73%$399.38
86,450 at 3.74%$399.87
86,450 at 3.75%$400.36
86,450 at 3.76%$400.85
86,450 at 3.77%$401.35
86,450 at 3.78%$401.84
86,450 at 3.79%$402.33
86,450 at 3.8%$402.82
86,450 at 3.81%$403.31
86,450 at 3.82%$403.81
86,450 at 3.83%$404.30
86,450 at 3.84%$404.79
86,450 at 3.85%$405.28
86,450 at 3.86%$405.78
86,450 at 3.87%$406.27
86,450 at 3.88%$406.77
86,450 at 3.89%$407.26
86,450 at 3.9%$407.76
86,450 at 3.91%$408.25
86,450 at 3.92%$408.75
86,450 at 3.93%$409.24
86,450 at 3.94%$409.74
86,450 at 3.95%$410.24
86,450 at 3.96%$410.73
86,450 at 3.97%$411.23
86,450 at 3.98%$411.73
86,450 at 3.99%$412.23
86,450 at 4%$412.73
86,450 at 4.01%$413.22
86,450 at 4.02%$413.72
86,450 at 4.03%$414.22
86,450 at 4.04%$414.72
86,450 at 4.05%$415.22
86,450 at 4.06%$415.72
86,450 at 4.07%$416.22
86,450 at 4.08%$416.72
86,450 at 4.09%$417.22
86,450 at 4.1%$417.72
86,450 at 4.11%$418.23
86,450 at 4.12%$418.73
86,450 at 4.13%$419.23
86,450 at 4.14%$419.73
86,450 at 4.15%$420.24
86,450 at 4.16%$420.74
86,450 at 4.17%$421.24
86,450 at 4.18%$421.75
86,450 at 4.19%$422.25
86,450 at 4.2%$422.76
86,450 at 4.21%$423.26
86,450 at 4.22%$423.77
86,450 at 4.23%$424.27
86,450 at 4.24%$424.78
86,450 at 4.25%$425.28
86,450 at 4.26%$425.79
86,450 at 4.27%$426.29
86,450 at 4.28%$426.80
86,450 at 4.29%$427.31
86,450 at 4.3%$427.82
86,450 at 4.31%$428.32
86,450 at 4.32%$428.83
86,450 at 4.33%$429.34
86,450 at 4.34%$429.85
86,450 at 4.35%$430.36
86,450 at 4.36%$430.87
86,450 at 4.37%$431.38
86,450 at 4.38%$431.89
86,450 at 4.39%$432.40
86,450 at 4.4%$432.91
86,450 at 4.41%$433.42
86,450 at 4.42%$433.93
86,450 at 4.43%$434.44
86,450 at 4.44%$434.95
86,450 at 4.45%$435.46
86,450 at 4.46%$435.98
86,450 at 4.47%$436.49
86,450 at 4.48%$437.00
86,450 at 4.49%$437.52
86,450 at 4.5%$438.03
86,450 at 4.51%$438.54
86,450 at 4.52%$439.06
86,450 at 4.53%$439.57
86,450 at 4.54%$440.09
86,450 at 4.55%$440.60
86,450 at 4.56%$441.12
86,450 at 4.57%$441.63
86,450 at 4.58%$442.15
86,450 at 4.59%$442.66
86,450 at 4.6%$443.18
86,450 at 4.61%$443.70
86,450 at 4.62%$444.21
86,450 at 4.63%$444.73
86,450 at 4.64%$445.25
86,450 at 4.65%$445.77
86,450 at 4.66%$446.29
86,450 at 4.67%$446.80
86,450 at 4.68%$447.32
86,450 at 4.69%$447.84
86,450 at 4.7%$448.36
86,450 at 4.71%$448.88
86,450 at 4.72%$449.40
86,450 at 4.73%$449.92
86,450 at 4.74%$450.44
86,450 at 4.75%$450.96
86,450 at 4.76%$451.49
86,450 at 4.77%$452.01
86,450 at 4.78%$452.53
86,450 at 4.79%$453.05
86,450 at 4.8%$453.57
86,450 at 4.81%$454.10
86,450 at 4.82%$454.62
86,450 at 4.83%$455.14
86,450 at 4.84%$455.67
86,450 at 4.85%$456.19
86,450 at 4.86%$456.71
86,450 at 4.87%$457.24
86,450 at 4.88%$457.76
86,450 at 4.89%$458.29
86,450 at 4.9%$458.81
86,450 at 4.91%$459.34
86,450 at 4.92%$459.86
86,450 at 4.93%$460.39
86,450 at 4.94%$460.92
86,450 at 4.95%$461.44
86,450 at 4.96%$461.97
86,450 at 4.97%$462.50
86,450 at 4.98%$463.03
86,450 at 4.99%$463.55
86,450 at 5%$464.08
Interest Rate 30 Year
86,450 at 5.01%$464.61
86,450 at 5.02%$465.14
86,450 at 5.03%$465.67
86,450 at 5.04%$466.20
86,450 at 5.05%$466.73
86,450 at 5.06%$467.26
86,450 at 5.07%$467.79
86,450 at 5.08%$468.32
86,450 at 5.09%$468.85
86,450 at 5.1%$469.38
86,450 at 5.11%$469.91
86,450 at 5.12%$470.44
86,450 at 5.13%$470.97
86,450 at 5.14%$471.51
86,450 at 5.15%$472.04
86,450 at 5.16%$472.57
86,450 at 5.17%$473.11
86,450 at 5.18%$473.64
86,450 at 5.19%$474.17
86,450 at 5.2%$474.71
86,450 at 5.21%$475.24
86,450 at 5.22%$475.78
86,450 at 5.23%$476.31
86,450 at 5.24%$476.84
86,450 at 5.25%$477.38
86,450 at 5.26%$477.92
86,450 at 5.27%$478.45
86,450 at 5.28%$478.99
86,450 at 5.29%$479.52
86,450 at 5.3%$480.06
86,450 at 5.31%$480.60
86,450 at 5.32%$481.14
86,450 at 5.33%$481.67
86,450 at 5.34%$482.21
86,450 at 5.35%$482.75
86,450 at 5.36%$483.29
86,450 at 5.37%$483.83
86,450 at 5.38%$484.36
86,450 at 5.39%$484.90
86,450 at 5.4%$485.44
86,450 at 5.41%$485.98
86,450 at 5.42%$486.52
86,450 at 5.43%$487.06
86,450 at 5.44%$487.60
86,450 at 5.45%$488.15
86,450 at 5.46%$488.69
86,450 at 5.47%$489.23
86,450 at 5.48%$489.77
86,450 at 5.49%$490.31
86,450 at 5.5%$490.85
86,450 at 5.51%$491.40
86,450 at 5.52%$491.94
86,450 at 5.53%$492.48
86,450 at 5.54%$493.03
86,450 at 5.55%$493.57
86,450 at 5.56%$494.11
86,450 at 5.57%$494.66
86,450 at 5.58%$495.20
86,450 at 5.59%$495.75
86,450 at 5.6%$496.29
86,450 at 5.61%$496.84
86,450 at 5.62%$497.38
86,450 at 5.63%$497.93
86,450 at 5.64%$498.47
86,450 at 5.65%$499.02
86,450 at 5.66%$499.57
86,450 at 5.67%$500.11
86,450 at 5.68%$500.66
86,450 at 5.69%$501.21
86,450 at 5.7%$501.76
86,450 at 5.71%$502.30
86,450 at 5.72%$502.85
86,450 at 5.73%$503.40
86,450 at 5.74%$503.95
86,450 at 5.75%$504.50
86,450 at 5.76%$505.05
86,450 at 5.77%$505.60
86,450 at 5.78%$506.15
86,450 at 5.79%$506.70
86,450 at 5.8%$507.25
86,450 at 5.81%$507.80
86,450 at 5.82%$508.35
86,450 at 5.83%$508.90
86,450 at 5.84%$509.45
86,450 at 5.85%$510.00
86,450 at 5.86%$510.56
86,450 at 5.87%$511.11
86,450 at 5.88%$511.66
86,450 at 5.89%$512.21
86,450 at 5.9%$512.77
86,450 at 5.91%$513.32
86,450 at 5.92%$513.87
86,450 at 5.93%$514.43
86,450 at 5.94%$514.98
86,450 at 5.95%$515.54
86,450 at 5.96%$516.09
86,450 at 5.97%$516.65
86,450 at 5.98%$517.20
86,450 at 5.99%$517.76
86,450 at 6%$518.31
86,450 at 6.01%$518.87
86,450 at 6.02%$519.42
86,450 at 6.03%$519.98
86,450 at 6.04%$520.54
86,450 at 6.05%$521.09
86,450 at 6.06%$521.65
86,450 at 6.07%$522.21
86,450 at 6.08%$522.77
86,450 at 6.09%$523.32
86,450 at 6.1%$523.88
86,450 at 6.11%$524.44
86,450 at 6.12%$525.00
86,450 at 6.13%$525.56
86,450 at 6.14%$526.12
86,450 at 6.15%$526.68
86,450 at 6.16%$527.24
86,450 at 6.17%$527.80
86,450 at 6.18%$528.36
86,450 at 6.19%$528.92
86,450 at 6.2%$529.48
86,450 at 6.21%$530.04
86,450 at 6.22%$530.60
86,450 at 6.23%$531.16
86,450 at 6.24%$531.73
86,450 at 6.25%$532.29
86,450 at 6.26%$532.85
86,450 at 6.27%$533.41
86,450 at 6.28%$533.98
86,450 at 6.29%$534.54
86,450 at 6.3%$535.10
86,450 at 6.31%$535.67
86,450 at 6.32%$536.23
86,450 at 6.33%$536.79
86,450 at 6.34%$537.36
86,450 at 6.35%$537.92
86,450 at 6.36%$538.49
86,450 at 6.37%$539.05
86,450 at 6.38%$539.62
86,450 at 6.39%$540.18
86,450 at 6.4%$540.75
86,450 at 6.41%$541.32
86,450 at 6.42%$541.88
86,450 at 6.43%$542.45
86,450 at 6.44%$543.02
86,450 at 6.45%$543.58
86,450 at 6.46%$544.15
86,450 at 6.47%$544.72
86,450 at 6.48%$545.29
86,450 at 6.49%$545.85
86,450 at 6.5%$546.42
Interest Rate 30 Year
86,450 at 6.51%$546.99
86,450 at 6.52%$547.56
86,450 at 6.53%$548.13
86,450 at 6.54%$548.70
86,450 at 6.55%$549.27
86,450 at 6.56%$549.84
86,450 at 6.57%$550.41
86,450 at 6.58%$550.98
86,450 at 6.59%$551.55
86,450 at 6.6%$552.12
86,450 at 6.61%$552.69
86,450 at 6.62%$553.26
86,450 at 6.63%$553.83
86,450 at 6.64%$554.41
86,450 at 6.65%$554.98
86,450 at 6.66%$555.55
86,450 at 6.67%$556.12
86,450 at 6.68%$556.70
86,450 at 6.69%$557.27
86,450 at 6.7%$557.84
86,450 at 6.71%$558.42
86,450 at 6.72%$558.99
86,450 at 6.73%$559.56
86,450 at 6.74%$560.14
86,450 at 6.75%$560.71
86,450 at 6.76%$561.29
86,450 at 6.77%$561.86
86,450 at 6.78%$562.44
86,450 at 6.79%$563.01
86,450 at 6.8%$563.59
86,450 at 6.81%$564.17
86,450 at 6.82%$564.74
86,450 at 6.83%$565.32
86,450 at 6.84%$565.89
86,450 at 6.85%$566.47
86,450 at 6.86%$567.05
86,450 at 6.87%$567.63
86,450 at 6.88%$568.20
86,450 at 6.89%$568.78
86,450 at 6.9%$569.36
86,450 at 6.91%$569.94
86,450 at 6.92%$570.52
86,450 at 6.93%$571.10
86,450 at 6.94%$571.67
86,450 at 6.95%$572.25
86,450 at 6.96%$572.83
86,450 at 6.97%$573.41
86,450 at 6.98%$573.99
86,450 at 6.99%$574.57
86,450 at 7%$575.15
86,450 at 7.01%$575.73
86,450 at 7.02%$576.32
86,450 at 7.03%$576.90
86,450 at 7.04%$577.48
86,450 at 7.05%$578.06
86,450 at 7.06%$578.64
86,450 at 7.07%$579.22
86,450 at 7.08%$579.81
86,450 at 7.09%$580.39
86,450 at 7.1%$580.97
86,450 at 7.11%$581.55
86,450 at 7.12%$582.14
86,450 at 7.13%$582.72
86,450 at 7.14%$583.31
86,450 at 7.15%$583.89
86,450 at 7.16%$584.47
86,450 at 7.17%$585.06
86,450 at 7.18%$585.64
86,450 at 7.19%$586.23
86,450 at 7.2%$586.81
86,450 at 7.21%$587.40
86,450 at 7.22%$587.98
86,450 at 7.23%$588.57
86,450 at 7.24%$589.16
86,450 at 7.25%$589.74
86,450 at 7.26%$590.33
86,450 at 7.27%$590.91
86,450 at 7.28%$591.50
86,450 at 7.29%$592.09
86,450 at 7.3%$592.68
86,450 at 7.31%$593.26
86,450 at 7.32%$593.85
86,450 at 7.33%$594.44
86,450 at 7.34%$595.03
86,450 at 7.35%$595.62
86,450 at 7.36%$596.21
86,450 at 7.37%$596.79
86,450 at 7.38%$597.38
86,450 at 7.39%$597.97
86,450 at 7.4%$598.56
86,450 at 7.41%$599.15
86,450 at 7.42%$599.74
86,450 at 7.43%$600.33
86,450 at 7.44%$600.92
86,450 at 7.45%$601.51
86,450 at 7.46%$602.10
86,450 at 7.47%$602.70
86,450 at 7.48%$603.29
86,450 at 7.49%$603.88
86,450 at 7.5%$604.47
86,450 at 7.51%$605.06
86,450 at 7.52%$605.66
86,450 at 7.53%$606.25
86,450 at 7.54%$606.84
86,450 at 7.55%$607.43
86,450 at 7.56%$608.03
86,450 at 7.57%$608.62
86,450 at 7.58%$609.21
86,450 at 7.59%$609.81
86,450 at 7.6%$610.40
86,450 at 7.61%$611.00
86,450 at 7.62%$611.59
86,450 at 7.63%$612.19
86,450 at 7.64%$612.78
86,450 at 7.65%$613.38
86,450 at 7.66%$613.97
86,450 at 7.67%$614.57
86,450 at 7.68%$615.16
86,450 at 7.69%$615.76
86,450 at 7.7%$616.35
86,450 at 7.71%$616.95
86,450 at 7.72%$617.55
86,450 at 7.73%$618.14
86,450 at 7.74%$618.74
86,450 at 7.75%$619.34
86,450 at 7.76%$619.94
86,450 at 7.77%$620.53
86,450 at 7.78%$621.13
86,450 at 7.79%$621.73
86,450 at 7.8%$622.33
86,450 at 7.81%$622.93
86,450 at 7.82%$623.53
86,450 at 7.83%$624.12
86,450 at 7.84%$624.72
86,450 at 7.85%$625.32
86,450 at 7.86%$625.92
86,450 at 7.87%$626.52
86,450 at 7.88%$627.12
86,450 at 7.89%$627.72
86,450 at 7.9%$628.32
86,450 at 7.91%$628.92
86,450 at 7.92%$629.52
86,450 at 7.93%$630.13
86,450 at 7.94%$630.73
86,450 at 7.95%$631.33
86,450 at 7.96%$631.93
86,450 at 7.97%$632.53
86,450 at 7.98%$633.13
86,450 at 7.99%$633.74
86,450 at 8%$634.34
More Amounts
What is the down payment for a $86,450 house? How much do you need to put down?
Percent Down Down Payment
1%865
2%1,729
3%2,594
4%3,458
5%4,323
6%5,187
7%6,052
8%6,916
9%7,781
10%8,645
11%9,510
12%10,374
13%11,239
14%12,103
15%12,968
16%13,832
17%14,697
18%15,561
19%16,426
20%17,290
Percent Down Down Payment
21%18,155
22%19,019
23%19,884
24%20,748
25%21,613
26%22,477
27%23,342
28%24,206
29%25,071
30%25,935
31%26,800
32%27,664
33%28,529
34%29,393
35%30,258
36%31,122
37%31,987
38%32,851
39%33,716
40%34,580
Percent Down Down Payment
41%35,445
42%36,309
43%37,174
44%38,038
45%38,903
46%39,767
47%40,632
48%41,496
49%42,361
50%43,225
51%44,090
52%44,954
53%45,819
54%46,683
55%47,548
56%48,412
57%49,277
58%50,141
59%51,006
60%51,870
Percent Down Down Payment
61%52,735
62%53,599
63%54,464
64%55,328
65%56,193
66%57,057
67%57,922
68%58,786
69%59,651
70%60,515
71%61,380
72%62,244
73%63,109
74%63,973
75%64,838
76%65,702
77%66,567
78%67,431
79%68,296
80%69,160
Percent Down Down Payment
81%70,025
82%70,889
83%71,754
84%72,618
85%73,483
86%74,347
87%75,212
88%76,076
89%76,941
90%77,805
91%78,670
92%79,534
93%80,399
94%81,263
95%82,128
96%82,992
97%83,857
98%84,721
99%85,586
100%86,450
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.