$87,200 Mortgage for 30 Years

What is the monthly payment of a 87,200 dollar loan?
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Loan Tables for a $87,200 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 87k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $87,200 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
87,200 at 2.01%$322.74
87,200 at 2.02%$323.18
87,200 at 2.03%$323.62
87,200 at 2.04%$324.06
87,200 at 2.05%$324.49
87,200 at 2.06%$324.93
87,200 at 2.07%$325.37
87,200 at 2.08%$325.81
87,200 at 2.09%$326.25
87,200 at 2.1%$326.69
87,200 at 2.11%$327.13
87,200 at 2.12%$327.57
87,200 at 2.13%$328.01
87,200 at 2.14%$328.45
87,200 at 2.15%$328.89
87,200 at 2.16%$329.33
87,200 at 2.17%$329.77
87,200 at 2.18%$330.21
87,200 at 2.19%$330.66
87,200 at 2.2%$331.10
87,200 at 2.21%$331.54
87,200 at 2.22%$331.99
87,200 at 2.23%$332.43
87,200 at 2.24%$332.87
87,200 at 2.25%$333.32
87,200 at 2.26%$333.76
87,200 at 2.27%$334.21
87,200 at 2.28%$334.65
87,200 at 2.29%$335.10
87,200 at 2.3%$335.55
87,200 at 2.31%$335.99
87,200 at 2.32%$336.44
87,200 at 2.33%$336.89
87,200 at 2.34%$337.34
87,200 at 2.35%$337.78
87,200 at 2.36%$338.23
87,200 at 2.37%$338.68
87,200 at 2.38%$339.13
87,200 at 2.39%$339.58
87,200 at 2.4%$340.03
87,200 at 2.41%$340.48
87,200 at 2.42%$340.93
87,200 at 2.43%$341.38
87,200 at 2.44%$341.83
87,200 at 2.45%$342.28
87,200 at 2.46%$342.73
87,200 at 2.47%$343.19
87,200 at 2.48%$343.64
87,200 at 2.49%$344.09
87,200 at 2.5%$344.55
87,200 at 2.51%$345.00
87,200 at 2.52%$345.45
87,200 at 2.53%$345.91
87,200 at 2.54%$346.36
87,200 at 2.55%$346.82
87,200 at 2.56%$347.27
87,200 at 2.57%$347.73
87,200 at 2.58%$348.18
87,200 at 2.59%$348.64
87,200 at 2.6%$349.10
87,200 at 2.61%$349.55
87,200 at 2.62%$350.01
87,200 at 2.63%$350.47
87,200 at 2.64%$350.93
87,200 at 2.65%$351.38
87,200 at 2.66%$351.84
87,200 at 2.67%$352.30
87,200 at 2.68%$352.76
87,200 at 2.69%$353.22
87,200 at 2.7%$353.68
87,200 at 2.71%$354.14
87,200 at 2.72%$354.60
87,200 at 2.73%$355.06
87,200 at 2.74%$355.52
87,200 at 2.75%$355.99
87,200 at 2.76%$356.45
87,200 at 2.77%$356.91
87,200 at 2.78%$357.37
87,200 at 2.79%$357.84
87,200 at 2.8%$358.30
87,200 at 2.81%$358.76
87,200 at 2.82%$359.23
87,200 at 2.83%$359.69
87,200 at 2.84%$360.16
87,200 at 2.85%$360.62
87,200 at 2.86%$361.09
87,200 at 2.87%$361.55
87,200 at 2.88%$362.02
87,200 at 2.89%$362.49
87,200 at 2.9%$362.95
87,200 at 2.91%$363.42
87,200 at 2.92%$363.89
87,200 at 2.93%$364.35
87,200 at 2.94%$364.82
87,200 at 2.95%$365.29
87,200 at 2.96%$365.76
87,200 at 2.97%$366.23
87,200 at 2.98%$366.70
87,200 at 2.99%$367.17
87,200 at 3%$367.64
87,200 at 3.01%$368.11
87,200 at 3.02%$368.58
87,200 at 3.03%$369.05
87,200 at 3.04%$369.52
87,200 at 3.05%$369.99
87,200 at 3.06%$370.47
87,200 at 3.07%$370.94
87,200 at 3.08%$371.41
87,200 at 3.09%$371.88
87,200 at 3.1%$372.36
87,200 at 3.11%$372.83
87,200 at 3.12%$373.31
87,200 at 3.13%$373.78
87,200 at 3.14%$374.26
87,200 at 3.15%$374.73
87,200 at 3.16%$375.21
87,200 at 3.17%$375.68
87,200 at 3.18%$376.16
87,200 at 3.19%$376.63
87,200 at 3.2%$377.11
87,200 at 3.21%$377.59
87,200 at 3.22%$378.07
87,200 at 3.23%$378.54
87,200 at 3.24%$379.02
87,200 at 3.25%$379.50
87,200 at 3.26%$379.98
87,200 at 3.27%$380.46
87,200 at 3.28%$380.94
87,200 at 3.29%$381.42
87,200 at 3.3%$381.90
87,200 at 3.31%$382.38
87,200 at 3.32%$382.86
87,200 at 3.33%$383.34
87,200 at 3.34%$383.82
87,200 at 3.35%$384.30
87,200 at 3.36%$384.78
87,200 at 3.37%$385.27
87,200 at 3.38%$385.75
87,200 at 3.39%$386.23
87,200 at 3.4%$386.72
87,200 at 3.41%$387.20
87,200 at 3.42%$387.68
87,200 at 3.43%$388.17
87,200 at 3.44%$388.65
87,200 at 3.45%$389.14
87,200 at 3.46%$389.62
87,200 at 3.47%$390.11
87,200 at 3.48%$390.59
87,200 at 3.49%$391.08
87,200 at 3.5%$391.57
Interest Rate 30 Year
87,200 at 3.51%$392.05
87,200 at 3.52%$392.54
87,200 at 3.53%$393.03
87,200 at 3.54%$393.52
87,200 at 3.55%$394.00
87,200 at 3.56%$394.49
87,200 at 3.57%$394.98
87,200 at 3.58%$395.47
87,200 at 3.59%$395.96
87,200 at 3.6%$396.45
87,200 at 3.61%$396.94
87,200 at 3.62%$397.43
87,200 at 3.63%$397.92
87,200 at 3.64%$398.41
87,200 at 3.65%$398.90
87,200 at 3.66%$399.40
87,200 at 3.67%$399.89
87,200 at 3.68%$400.38
87,200 at 3.69%$400.87
87,200 at 3.7%$401.37
87,200 at 3.71%$401.86
87,200 at 3.72%$402.35
87,200 at 3.73%$402.85
87,200 at 3.74%$403.34
87,200 at 3.75%$403.84
87,200 at 3.76%$404.33
87,200 at 3.77%$404.83
87,200 at 3.78%$405.32
87,200 at 3.79%$405.82
87,200 at 3.8%$406.31
87,200 at 3.81%$406.81
87,200 at 3.82%$407.31
87,200 at 3.83%$407.81
87,200 at 3.84%$408.30
87,200 at 3.85%$408.80
87,200 at 3.86%$409.30
87,200 at 3.87%$409.80
87,200 at 3.88%$410.30
87,200 at 3.89%$410.80
87,200 at 3.9%$411.29
87,200 at 3.91%$411.79
87,200 at 3.92%$412.29
87,200 at 3.93%$412.79
87,200 at 3.94%$413.30
87,200 at 3.95%$413.80
87,200 at 3.96%$414.30
87,200 at 3.97%$414.80
87,200 at 3.98%$415.30
87,200 at 3.99%$415.80
87,200 at 4%$416.31
87,200 at 4.01%$416.81
87,200 at 4.02%$417.31
87,200 at 4.03%$417.82
87,200 at 4.04%$418.32
87,200 at 4.05%$418.82
87,200 at 4.06%$419.33
87,200 at 4.07%$419.83
87,200 at 4.08%$420.34
87,200 at 4.09%$420.84
87,200 at 4.1%$421.35
87,200 at 4.11%$421.85
87,200 at 4.12%$422.36
87,200 at 4.13%$422.87
87,200 at 4.14%$423.37
87,200 at 4.15%$423.88
87,200 at 4.16%$424.39
87,200 at 4.17%$424.90
87,200 at 4.18%$425.41
87,200 at 4.19%$425.91
87,200 at 4.2%$426.42
87,200 at 4.21%$426.93
87,200 at 4.22%$427.44
87,200 at 4.23%$427.95
87,200 at 4.24%$428.46
87,200 at 4.25%$428.97
87,200 at 4.26%$429.48
87,200 at 4.27%$429.99
87,200 at 4.28%$430.50
87,200 at 4.29%$431.02
87,200 at 4.3%$431.53
87,200 at 4.31%$432.04
87,200 at 4.32%$432.55
87,200 at 4.33%$433.07
87,200 at 4.34%$433.58
87,200 at 4.35%$434.09
87,200 at 4.36%$434.61
87,200 at 4.37%$435.12
87,200 at 4.38%$435.63
87,200 at 4.39%$436.15
87,200 at 4.4%$436.66
87,200 at 4.41%$437.18
87,200 at 4.42%$437.69
87,200 at 4.43%$438.21
87,200 at 4.44%$438.73
87,200 at 4.45%$439.24
87,200 at 4.46%$439.76
87,200 at 4.47%$440.28
87,200 at 4.48%$440.79
87,200 at 4.49%$441.31
87,200 at 4.5%$441.83
87,200 at 4.51%$442.35
87,200 at 4.52%$442.87
87,200 at 4.53%$443.39
87,200 at 4.54%$443.90
87,200 at 4.55%$444.42
87,200 at 4.56%$444.94
87,200 at 4.57%$445.46
87,200 at 4.58%$445.98
87,200 at 4.59%$446.50
87,200 at 4.6%$447.03
87,200 at 4.61%$447.55
87,200 at 4.62%$448.07
87,200 at 4.63%$448.59
87,200 at 4.64%$449.11
87,200 at 4.65%$449.64
87,200 at 4.66%$450.16
87,200 at 4.67%$450.68
87,200 at 4.68%$451.20
87,200 at 4.69%$451.73
87,200 at 4.7%$452.25
87,200 at 4.71%$452.78
87,200 at 4.72%$453.30
87,200 at 4.73%$453.83
87,200 at 4.74%$454.35
87,200 at 4.75%$454.88
87,200 at 4.76%$455.40
87,200 at 4.77%$455.93
87,200 at 4.78%$456.45
87,200 at 4.79%$456.98
87,200 at 4.8%$457.51
87,200 at 4.81%$458.04
87,200 at 4.82%$458.56
87,200 at 4.83%$459.09
87,200 at 4.84%$459.62
87,200 at 4.85%$460.15
87,200 at 4.86%$460.68
87,200 at 4.87%$461.20
87,200 at 4.88%$461.73
87,200 at 4.89%$462.26
87,200 at 4.9%$462.79
87,200 at 4.91%$463.32
87,200 at 4.92%$463.85
87,200 at 4.93%$464.39
87,200 at 4.94%$464.92
87,200 at 4.95%$465.45
87,200 at 4.96%$465.98
87,200 at 4.97%$466.51
87,200 at 4.98%$467.04
87,200 at 4.99%$467.58
87,200 at 5%$468.11
Interest Rate 30 Year
87,200 at 5.01%$468.64
87,200 at 5.02%$469.17
87,200 at 5.03%$469.71
87,200 at 5.04%$470.24
87,200 at 5.05%$470.78
87,200 at 5.06%$471.31
87,200 at 5.07%$471.85
87,200 at 5.08%$472.38
87,200 at 5.09%$472.92
87,200 at 5.1%$473.45
87,200 at 5.11%$473.99
87,200 at 5.12%$474.52
87,200 at 5.13%$475.06
87,200 at 5.14%$475.60
87,200 at 5.15%$476.13
87,200 at 5.16%$476.67
87,200 at 5.17%$477.21
87,200 at 5.18%$477.75
87,200 at 5.19%$478.29
87,200 at 5.2%$478.82
87,200 at 5.21%$479.36
87,200 at 5.22%$479.90
87,200 at 5.23%$480.44
87,200 at 5.24%$480.98
87,200 at 5.25%$481.52
87,200 at 5.26%$482.06
87,200 at 5.27%$482.60
87,200 at 5.28%$483.14
87,200 at 5.29%$483.68
87,200 at 5.3%$484.23
87,200 at 5.31%$484.77
87,200 at 5.32%$485.31
87,200 at 5.33%$485.85
87,200 at 5.34%$486.39
87,200 at 5.35%$486.94
87,200 at 5.36%$487.48
87,200 at 5.37%$488.02
87,200 at 5.38%$488.57
87,200 at 5.39%$489.11
87,200 at 5.4%$489.65
87,200 at 5.41%$490.20
87,200 at 5.42%$490.74
87,200 at 5.43%$491.29
87,200 at 5.44%$491.83
87,200 at 5.45%$492.38
87,200 at 5.46%$492.93
87,200 at 5.47%$493.47
87,200 at 5.48%$494.02
87,200 at 5.49%$494.57
87,200 at 5.5%$495.11
87,200 at 5.51%$495.66
87,200 at 5.52%$496.21
87,200 at 5.53%$496.75
87,200 at 5.54%$497.30
87,200 at 5.55%$497.85
87,200 at 5.56%$498.40
87,200 at 5.57%$498.95
87,200 at 5.58%$499.50
87,200 at 5.59%$500.05
87,200 at 5.6%$500.60
87,200 at 5.61%$501.15
87,200 at 5.62%$501.70
87,200 at 5.63%$502.25
87,200 at 5.64%$502.80
87,200 at 5.65%$503.35
87,200 at 5.66%$503.90
87,200 at 5.67%$504.45
87,200 at 5.68%$505.00
87,200 at 5.69%$505.56
87,200 at 5.7%$506.11
87,200 at 5.71%$506.66
87,200 at 5.72%$507.21
87,200 at 5.73%$507.77
87,200 at 5.74%$508.32
87,200 at 5.75%$508.88
87,200 at 5.76%$509.43
87,200 at 5.77%$509.98
87,200 at 5.78%$510.54
87,200 at 5.79%$511.09
87,200 at 5.8%$511.65
87,200 at 5.81%$512.20
87,200 at 5.82%$512.76
87,200 at 5.83%$513.32
87,200 at 5.84%$513.87
87,200 at 5.85%$514.43
87,200 at 5.86%$514.99
87,200 at 5.87%$515.54
87,200 at 5.88%$516.10
87,200 at 5.89%$516.66
87,200 at 5.9%$517.22
87,200 at 5.91%$517.77
87,200 at 5.92%$518.33
87,200 at 5.93%$518.89
87,200 at 5.94%$519.45
87,200 at 5.95%$520.01
87,200 at 5.96%$520.57
87,200 at 5.97%$521.13
87,200 at 5.98%$521.69
87,200 at 5.99%$522.25
87,200 at 6%$522.81
87,200 at 6.01%$523.37
87,200 at 6.02%$523.93
87,200 at 6.03%$524.49
87,200 at 6.04%$525.05
87,200 at 6.05%$525.61
87,200 at 6.06%$526.18
87,200 at 6.07%$526.74
87,200 at 6.08%$527.30
87,200 at 6.09%$527.86
87,200 at 6.1%$528.43
87,200 at 6.11%$528.99
87,200 at 6.12%$529.55
87,200 at 6.13%$530.12
87,200 at 6.14%$530.68
87,200 at 6.15%$531.25
87,200 at 6.16%$531.81
87,200 at 6.17%$532.38
87,200 at 6.18%$532.94
87,200 at 6.19%$533.51
87,200 at 6.2%$534.07
87,200 at 6.21%$534.64
87,200 at 6.22%$535.21
87,200 at 6.23%$535.77
87,200 at 6.24%$536.34
87,200 at 6.25%$536.91
87,200 at 6.26%$537.47
87,200 at 6.27%$538.04
87,200 at 6.28%$538.61
87,200 at 6.29%$539.18
87,200 at 6.3%$539.74
87,200 at 6.31%$540.31
87,200 at 6.32%$540.88
87,200 at 6.33%$541.45
87,200 at 6.34%$542.02
87,200 at 6.35%$542.59
87,200 at 6.36%$543.16
87,200 at 6.37%$543.73
87,200 at 6.38%$544.30
87,200 at 6.39%$544.87
87,200 at 6.4%$545.44
87,200 at 6.41%$546.01
87,200 at 6.42%$546.58
87,200 at 6.43%$547.16
87,200 at 6.44%$547.73
87,200 at 6.45%$548.30
87,200 at 6.46%$548.87
87,200 at 6.47%$549.44
87,200 at 6.48%$550.02
87,200 at 6.49%$550.59
87,200 at 6.5%$551.16
Interest Rate 30 Year
87,200 at 6.51%$551.74
87,200 at 6.52%$552.31
87,200 at 6.53%$552.88
87,200 at 6.54%$553.46
87,200 at 6.55%$554.03
87,200 at 6.56%$554.61
87,200 at 6.57%$555.18
87,200 at 6.58%$555.76
87,200 at 6.59%$556.33
87,200 at 6.6%$556.91
87,200 at 6.61%$557.49
87,200 at 6.62%$558.06
87,200 at 6.63%$558.64
87,200 at 6.64%$559.22
87,200 at 6.65%$559.79
87,200 at 6.66%$560.37
87,200 at 6.67%$560.95
87,200 at 6.68%$561.53
87,200 at 6.69%$562.10
87,200 at 6.7%$562.68
87,200 at 6.71%$563.26
87,200 at 6.72%$563.84
87,200 at 6.73%$564.42
87,200 at 6.74%$565.00
87,200 at 6.75%$565.58
87,200 at 6.76%$566.16
87,200 at 6.77%$566.74
87,200 at 6.78%$567.32
87,200 at 6.79%$567.90
87,200 at 6.8%$568.48
87,200 at 6.81%$569.06
87,200 at 6.82%$569.64
87,200 at 6.83%$570.22
87,200 at 6.84%$570.80
87,200 at 6.85%$571.39
87,200 at 6.86%$571.97
87,200 at 6.87%$572.55
87,200 at 6.88%$573.13
87,200 at 6.89%$573.72
87,200 at 6.9%$574.30
87,200 at 6.91%$574.88
87,200 at 6.92%$575.47
87,200 at 6.93%$576.05
87,200 at 6.94%$576.63
87,200 at 6.95%$577.22
87,200 at 6.96%$577.80
87,200 at 6.97%$578.39
87,200 at 6.98%$578.97
87,200 at 6.99%$579.56
87,200 at 7%$580.14
87,200 at 7.01%$580.73
87,200 at 7.02%$581.32
87,200 at 7.03%$581.90
87,200 at 7.04%$582.49
87,200 at 7.05%$583.07
87,200 at 7.06%$583.66
87,200 at 7.07%$584.25
87,200 at 7.08%$584.84
87,200 at 7.09%$585.42
87,200 at 7.1%$586.01
87,200 at 7.11%$586.60
87,200 at 7.12%$587.19
87,200 at 7.13%$587.78
87,200 at 7.14%$588.37
87,200 at 7.15%$588.95
87,200 at 7.16%$589.54
87,200 at 7.17%$590.13
87,200 at 7.18%$590.72
87,200 at 7.19%$591.31
87,200 at 7.2%$591.90
87,200 at 7.21%$592.49
87,200 at 7.22%$593.08
87,200 at 7.23%$593.68
87,200 at 7.24%$594.27
87,200 at 7.25%$594.86
87,200 at 7.26%$595.45
87,200 at 7.27%$596.04
87,200 at 7.28%$596.63
87,200 at 7.29%$597.23
87,200 at 7.3%$597.82
87,200 at 7.31%$598.41
87,200 at 7.32%$599.00
87,200 at 7.33%$599.60
87,200 at 7.34%$600.19
87,200 at 7.35%$600.78
87,200 at 7.36%$601.38
87,200 at 7.37%$601.97
87,200 at 7.38%$602.57
87,200 at 7.39%$603.16
87,200 at 7.4%$603.76
87,200 at 7.41%$604.35
87,200 at 7.42%$604.95
87,200 at 7.43%$605.54
87,200 at 7.44%$606.14
87,200 at 7.45%$606.73
87,200 at 7.46%$607.33
87,200 at 7.47%$607.92
87,200 at 7.48%$608.52
87,200 at 7.49%$609.12
87,200 at 7.5%$609.72
87,200 at 7.51%$610.31
87,200 at 7.52%$610.91
87,200 at 7.53%$611.51
87,200 at 7.54%$612.11
87,200 at 7.55%$612.70
87,200 at 7.56%$613.30
87,200 at 7.57%$613.90
87,200 at 7.58%$614.50
87,200 at 7.59%$615.10
87,200 at 7.6%$615.70
87,200 at 7.61%$616.30
87,200 at 7.62%$616.90
87,200 at 7.63%$617.50
87,200 at 7.64%$618.10
87,200 at 7.65%$618.70
87,200 at 7.66%$619.30
87,200 at 7.67%$619.90
87,200 at 7.68%$620.50
87,200 at 7.69%$621.10
87,200 at 7.7%$621.70
87,200 at 7.71%$622.30
87,200 at 7.72%$622.90
87,200 at 7.73%$623.51
87,200 at 7.74%$624.11
87,200 at 7.75%$624.71
87,200 at 7.76%$625.31
87,200 at 7.77%$625.92
87,200 at 7.78%$626.52
87,200 at 7.79%$627.12
87,200 at 7.8%$627.73
87,200 at 7.81%$628.33
87,200 at 7.82%$628.93
87,200 at 7.83%$629.54
87,200 at 7.84%$630.14
87,200 at 7.85%$630.75
87,200 at 7.86%$631.35
87,200 at 7.87%$631.96
87,200 at 7.88%$632.56
87,200 at 7.89%$633.17
87,200 at 7.9%$633.77
87,200 at 7.91%$634.38
87,200 at 7.92%$634.99
87,200 at 7.93%$635.59
87,200 at 7.94%$636.20
87,200 at 7.95%$636.81
87,200 at 7.96%$637.41
87,200 at 7.97%$638.02
87,200 at 7.98%$638.63
87,200 at 7.99%$639.23
87,200 at 8%$639.84
More Amounts
What is the down payment for a $87,200 house? How much do you need to put down?
Percent Down Down Payment
1%872
2%1,744
3%2,616
4%3,488
5%4,360
6%5,232
7%6,104
8%6,976
9%7,848
10%8,720
11%9,592
12%10,464
13%11,336
14%12,208
15%13,080
16%13,952
17%14,824
18%15,696
19%16,568
20%17,440
Percent Down Down Payment
21%18,312
22%19,184
23%20,056
24%20,928
25%21,800
26%22,672
27%23,544
28%24,416
29%25,288
30%26,160
31%27,032
32%27,904
33%28,776
34%29,648
35%30,520
36%31,392
37%32,264
38%33,136
39%34,008
40%34,880
Percent Down Down Payment
41%35,752
42%36,624
43%37,496
44%38,368
45%39,240
46%40,112
47%40,984
48%41,856
49%42,728
50%43,600
51%44,472
52%45,344
53%46,216
54%47,088
55%47,960
56%48,832
57%49,704
58%50,576
59%51,448
60%52,320
Percent Down Down Payment
61%53,192
62%54,064
63%54,936
64%55,808
65%56,680
66%57,552
67%58,424
68%59,296
69%60,168
70%61,040
71%61,912
72%62,784
73%63,656
74%64,528
75%65,400
76%66,272
77%67,144
78%68,016
79%68,888
80%69,760
Percent Down Down Payment
81%70,632
82%71,504
83%72,376
84%73,248
85%74,120
86%74,992
87%75,864
88%76,736
89%77,608
90%78,480
91%79,352
92%80,224
93%81,096
94%81,968
95%82,840
96%83,712
97%84,584
98%85,456
99%86,328
100%87,200
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.