$88,050 Mortgage for 30 Years

What is the monthly payment of a 88,050 dollar loan?
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Loan Tables for a $88,050 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 88k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $88,050 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
88,050 at 2.01%$325.89
88,050 at 2.02%$326.33
88,050 at 2.03%$326.77
88,050 at 2.04%$327.21
88,050 at 2.05%$327.66
88,050 at 2.06%$328.10
88,050 at 2.07%$328.54
88,050 at 2.08%$328.98
88,050 at 2.09%$329.43
88,050 at 2.1%$329.87
88,050 at 2.11%$330.31
88,050 at 2.12%$330.76
88,050 at 2.13%$331.20
88,050 at 2.14%$331.65
88,050 at 2.15%$332.09
88,050 at 2.16%$332.54
88,050 at 2.17%$332.99
88,050 at 2.18%$333.43
88,050 at 2.19%$333.88
88,050 at 2.2%$334.33
88,050 at 2.21%$334.77
88,050 at 2.22%$335.22
88,050 at 2.23%$335.67
88,050 at 2.24%$336.12
88,050 at 2.25%$336.57
88,050 at 2.26%$337.02
88,050 at 2.27%$337.47
88,050 at 2.28%$337.92
88,050 at 2.29%$338.37
88,050 at 2.3%$338.82
88,050 at 2.31%$339.27
88,050 at 2.32%$339.72
88,050 at 2.33%$340.17
88,050 at 2.34%$340.62
88,050 at 2.35%$341.08
88,050 at 2.36%$341.53
88,050 at 2.37%$341.98
88,050 at 2.38%$342.44
88,050 at 2.39%$342.89
88,050 at 2.4%$343.34
88,050 at 2.41%$343.80
88,050 at 2.42%$344.25
88,050 at 2.43%$344.71
88,050 at 2.44%$345.16
88,050 at 2.45%$345.62
88,050 at 2.46%$346.08
88,050 at 2.47%$346.53
88,050 at 2.48%$346.99
88,050 at 2.49%$347.45
88,050 at 2.5%$347.90
88,050 at 2.51%$348.36
88,050 at 2.52%$348.82
88,050 at 2.53%$349.28
88,050 at 2.54%$349.74
88,050 at 2.55%$350.20
88,050 at 2.56%$350.66
88,050 at 2.57%$351.12
88,050 at 2.58%$351.58
88,050 at 2.59%$352.04
88,050 at 2.6%$352.50
88,050 at 2.61%$352.96
88,050 at 2.62%$353.42
88,050 at 2.63%$353.88
88,050 at 2.64%$354.35
88,050 at 2.65%$354.81
88,050 at 2.66%$355.27
88,050 at 2.67%$355.74
88,050 at 2.68%$356.20
88,050 at 2.69%$356.66
88,050 at 2.7%$357.13
88,050 at 2.71%$357.59
88,050 at 2.72%$358.06
88,050 at 2.73%$358.52
88,050 at 2.74%$358.99
88,050 at 2.75%$359.46
88,050 at 2.76%$359.92
88,050 at 2.77%$360.39
88,050 at 2.78%$360.86
88,050 at 2.79%$361.32
88,050 at 2.8%$361.79
88,050 at 2.81%$362.26
88,050 at 2.82%$362.73
88,050 at 2.83%$363.20
88,050 at 2.84%$363.67
88,050 at 2.85%$364.14
88,050 at 2.86%$364.61
88,050 at 2.87%$365.08
88,050 at 2.88%$365.55
88,050 at 2.89%$366.02
88,050 at 2.9%$366.49
88,050 at 2.91%$366.96
88,050 at 2.92%$367.43
88,050 at 2.93%$367.91
88,050 at 2.94%$368.38
88,050 at 2.95%$368.85
88,050 at 2.96%$369.33
88,050 at 2.97%$369.80
88,050 at 2.98%$370.27
88,050 at 2.99%$370.75
88,050 at 3%$371.22
88,050 at 3.01%$371.70
88,050 at 3.02%$372.17
88,050 at 3.03%$372.65
88,050 at 3.04%$373.12
88,050 at 3.05%$373.60
88,050 at 3.06%$374.08
88,050 at 3.07%$374.55
88,050 at 3.08%$375.03
88,050 at 3.09%$375.51
88,050 at 3.1%$375.99
88,050 at 3.11%$376.47
88,050 at 3.12%$376.95
88,050 at 3.13%$377.42
88,050 at 3.14%$377.90
88,050 at 3.15%$378.38
88,050 at 3.16%$378.86
88,050 at 3.17%$379.34
88,050 at 3.18%$379.82
88,050 at 3.19%$380.31
88,050 at 3.2%$380.79
88,050 at 3.21%$381.27
88,050 at 3.22%$381.75
88,050 at 3.23%$382.23
88,050 at 3.24%$382.72
88,050 at 3.25%$383.20
88,050 at 3.26%$383.68
88,050 at 3.27%$384.17
88,050 at 3.28%$384.65
88,050 at 3.29%$385.13
88,050 at 3.3%$385.62
88,050 at 3.31%$386.10
88,050 at 3.32%$386.59
88,050 at 3.33%$387.08
88,050 at 3.34%$387.56
88,050 at 3.35%$388.05
88,050 at 3.36%$388.53
88,050 at 3.37%$389.02
88,050 at 3.38%$389.51
88,050 at 3.39%$390.00
88,050 at 3.4%$390.49
88,050 at 3.41%$390.97
88,050 at 3.42%$391.46
88,050 at 3.43%$391.95
88,050 at 3.44%$392.44
88,050 at 3.45%$392.93
88,050 at 3.46%$393.42
88,050 at 3.47%$393.91
88,050 at 3.48%$394.40
88,050 at 3.49%$394.89
88,050 at 3.5%$395.38
Interest Rate 30 Year
88,050 at 3.51%$395.88
88,050 at 3.52%$396.37
88,050 at 3.53%$396.86
88,050 at 3.54%$397.35
88,050 at 3.55%$397.85
88,050 at 3.56%$398.34
88,050 at 3.57%$398.83
88,050 at 3.58%$399.33
88,050 at 3.59%$399.82
88,050 at 3.6%$400.32
88,050 at 3.61%$400.81
88,050 at 3.62%$401.31
88,050 at 3.63%$401.80
88,050 at 3.64%$402.30
88,050 at 3.65%$402.79
88,050 at 3.66%$403.29
88,050 at 3.67%$403.79
88,050 at 3.68%$404.28
88,050 at 3.69%$404.78
88,050 at 3.7%$405.28
88,050 at 3.71%$405.78
88,050 at 3.72%$406.28
88,050 at 3.73%$406.77
88,050 at 3.74%$407.27
88,050 at 3.75%$407.77
88,050 at 3.76%$408.27
88,050 at 3.77%$408.77
88,050 at 3.78%$409.27
88,050 at 3.79%$409.77
88,050 at 3.8%$410.28
88,050 at 3.81%$410.78
88,050 at 3.82%$411.28
88,050 at 3.83%$411.78
88,050 at 3.84%$412.28
88,050 at 3.85%$412.79
88,050 at 3.86%$413.29
88,050 at 3.87%$413.79
88,050 at 3.88%$414.30
88,050 at 3.89%$414.80
88,050 at 3.9%$415.30
88,050 at 3.91%$415.81
88,050 at 3.92%$416.31
88,050 at 3.93%$416.82
88,050 at 3.94%$417.32
88,050 at 3.95%$417.83
88,050 at 3.96%$418.34
88,050 at 3.97%$418.84
88,050 at 3.98%$419.35
88,050 at 3.99%$419.86
88,050 at 4%$420.36
88,050 at 4.01%$420.87
88,050 at 4.02%$421.38
88,050 at 4.03%$421.89
88,050 at 4.04%$422.40
88,050 at 4.05%$422.91
88,050 at 4.06%$423.42
88,050 at 4.07%$423.93
88,050 at 4.08%$424.44
88,050 at 4.09%$424.95
88,050 at 4.1%$425.46
88,050 at 4.11%$425.97
88,050 at 4.12%$426.48
88,050 at 4.13%$426.99
88,050 at 4.14%$427.50
88,050 at 4.15%$428.01
88,050 at 4.16%$428.53
88,050 at 4.17%$429.04
88,050 at 4.18%$429.55
88,050 at 4.19%$430.07
88,050 at 4.2%$430.58
88,050 at 4.21%$431.09
88,050 at 4.22%$431.61
88,050 at 4.23%$432.12
88,050 at 4.24%$432.64
88,050 at 4.25%$433.15
88,050 at 4.26%$433.67
88,050 at 4.27%$434.18
88,050 at 4.28%$434.70
88,050 at 4.29%$435.22
88,050 at 4.3%$435.73
88,050 at 4.31%$436.25
88,050 at 4.32%$436.77
88,050 at 4.33%$437.29
88,050 at 4.34%$437.80
88,050 at 4.35%$438.32
88,050 at 4.36%$438.84
88,050 at 4.37%$439.36
88,050 at 4.38%$439.88
88,050 at 4.39%$440.40
88,050 at 4.4%$440.92
88,050 at 4.41%$441.44
88,050 at 4.42%$441.96
88,050 at 4.43%$442.48
88,050 at 4.44%$443.00
88,050 at 4.45%$443.52
88,050 at 4.46%$444.05
88,050 at 4.47%$444.57
88,050 at 4.48%$445.09
88,050 at 4.49%$445.61
88,050 at 4.5%$446.14
88,050 at 4.51%$446.66
88,050 at 4.52%$447.18
88,050 at 4.53%$447.71
88,050 at 4.54%$448.23
88,050 at 4.55%$448.76
88,050 at 4.56%$449.28
88,050 at 4.57%$449.81
88,050 at 4.58%$450.33
88,050 at 4.59%$450.86
88,050 at 4.6%$451.38
88,050 at 4.61%$451.91
88,050 at 4.62%$452.44
88,050 at 4.63%$452.96
88,050 at 4.64%$453.49
88,050 at 4.65%$454.02
88,050 at 4.66%$454.55
88,050 at 4.67%$455.07
88,050 at 4.68%$455.60
88,050 at 4.69%$456.13
88,050 at 4.7%$456.66
88,050 at 4.71%$457.19
88,050 at 4.72%$457.72
88,050 at 4.73%$458.25
88,050 at 4.74%$458.78
88,050 at 4.75%$459.31
88,050 at 4.76%$459.84
88,050 at 4.77%$460.37
88,050 at 4.78%$460.90
88,050 at 4.79%$461.44
88,050 at 4.8%$461.97
88,050 at 4.81%$462.50
88,050 at 4.82%$463.03
88,050 at 4.83%$463.57
88,050 at 4.84%$464.10
88,050 at 4.85%$464.63
88,050 at 4.86%$465.17
88,050 at 4.87%$465.70
88,050 at 4.88%$466.24
88,050 at 4.89%$466.77
88,050 at 4.9%$467.30
88,050 at 4.91%$467.84
88,050 at 4.92%$468.38
88,050 at 4.93%$468.91
88,050 at 4.94%$469.45
88,050 at 4.95%$469.98
88,050 at 4.96%$470.52
88,050 at 4.97%$471.06
88,050 at 4.98%$471.60
88,050 at 4.99%$472.13
88,050 at 5%$472.67
Interest Rate 30 Year
88,050 at 5.01%$473.21
88,050 at 5.02%$473.75
88,050 at 5.03%$474.29
88,050 at 5.04%$474.83
88,050 at 5.05%$475.37
88,050 at 5.06%$475.91
88,050 at 5.07%$476.45
88,050 at 5.08%$476.99
88,050 at 5.09%$477.53
88,050 at 5.1%$478.07
88,050 at 5.11%$478.61
88,050 at 5.12%$479.15
88,050 at 5.13%$479.69
88,050 at 5.14%$480.23
88,050 at 5.15%$480.78
88,050 at 5.16%$481.32
88,050 at 5.17%$481.86
88,050 at 5.18%$482.40
88,050 at 5.19%$482.95
88,050 at 5.2%$483.49
88,050 at 5.21%$484.04
88,050 at 5.22%$484.58
88,050 at 5.23%$485.13
88,050 at 5.24%$485.67
88,050 at 5.25%$486.22
88,050 at 5.26%$486.76
88,050 at 5.27%$487.31
88,050 at 5.28%$487.85
88,050 at 5.29%$488.40
88,050 at 5.3%$488.95
88,050 at 5.31%$489.49
88,050 at 5.32%$490.04
88,050 at 5.33%$490.59
88,050 at 5.34%$491.14
88,050 at 5.35%$491.68
88,050 at 5.36%$492.23
88,050 at 5.37%$492.78
88,050 at 5.38%$493.33
88,050 at 5.39%$493.88
88,050 at 5.4%$494.43
88,050 at 5.41%$494.98
88,050 at 5.42%$495.53
88,050 at 5.43%$496.08
88,050 at 5.44%$496.63
88,050 at 5.45%$497.18
88,050 at 5.46%$497.73
88,050 at 5.47%$498.28
88,050 at 5.48%$498.83
88,050 at 5.49%$499.39
88,050 at 5.5%$499.94
88,050 at 5.51%$500.49
88,050 at 5.52%$501.04
88,050 at 5.53%$501.60
88,050 at 5.54%$502.15
88,050 at 5.55%$502.70
88,050 at 5.56%$503.26
88,050 at 5.57%$503.81
88,050 at 5.58%$504.37
88,050 at 5.59%$504.92
88,050 at 5.6%$505.48
88,050 at 5.61%$506.03
88,050 at 5.62%$506.59
88,050 at 5.63%$507.14
88,050 at 5.64%$507.70
88,050 at 5.65%$508.26
88,050 at 5.66%$508.81
88,050 at 5.67%$509.37
88,050 at 5.68%$509.93
88,050 at 5.69%$510.48
88,050 at 5.7%$511.04
88,050 at 5.71%$511.60
88,050 at 5.72%$512.16
88,050 at 5.73%$512.72
88,050 at 5.74%$513.28
88,050 at 5.75%$513.84
88,050 at 5.76%$514.40
88,050 at 5.77%$514.96
88,050 at 5.78%$515.52
88,050 at 5.79%$516.08
88,050 at 5.8%$516.64
88,050 at 5.81%$517.20
88,050 at 5.82%$517.76
88,050 at 5.83%$518.32
88,050 at 5.84%$518.88
88,050 at 5.85%$519.44
88,050 at 5.86%$520.01
88,050 at 5.87%$520.57
88,050 at 5.88%$521.13
88,050 at 5.89%$521.69
88,050 at 5.9%$522.26
88,050 at 5.91%$522.82
88,050 at 5.92%$523.38
88,050 at 5.93%$523.95
88,050 at 5.94%$524.51
88,050 at 5.95%$525.08
88,050 at 5.96%$525.64
88,050 at 5.97%$526.21
88,050 at 5.98%$526.77
88,050 at 5.99%$527.34
88,050 at 6%$527.90
88,050 at 6.01%$528.47
88,050 at 6.02%$529.04
88,050 at 6.03%$529.60
88,050 at 6.04%$530.17
88,050 at 6.05%$530.74
88,050 at 6.06%$531.31
88,050 at 6.07%$531.87
88,050 at 6.08%$532.44
88,050 at 6.09%$533.01
88,050 at 6.1%$533.58
88,050 at 6.11%$534.15
88,050 at 6.12%$534.72
88,050 at 6.13%$535.29
88,050 at 6.14%$535.86
88,050 at 6.15%$536.43
88,050 at 6.16%$537.00
88,050 at 6.17%$537.57
88,050 at 6.18%$538.14
88,050 at 6.19%$538.71
88,050 at 6.2%$539.28
88,050 at 6.21%$539.85
88,050 at 6.22%$540.42
88,050 at 6.23%$540.99
88,050 at 6.24%$541.57
88,050 at 6.25%$542.14
88,050 at 6.26%$542.71
88,050 at 6.27%$543.28
88,050 at 6.28%$543.86
88,050 at 6.29%$544.43
88,050 at 6.3%$545.01
88,050 at 6.31%$545.58
88,050 at 6.32%$546.15
88,050 at 6.33%$546.73
88,050 at 6.34%$547.30
88,050 at 6.35%$547.88
88,050 at 6.36%$548.45
88,050 at 6.37%$549.03
88,050 at 6.38%$549.61
88,050 at 6.39%$550.18
88,050 at 6.4%$550.76
88,050 at 6.41%$551.33
88,050 at 6.42%$551.91
88,050 at 6.43%$552.49
88,050 at 6.44%$553.07
88,050 at 6.45%$553.64
88,050 at 6.46%$554.22
88,050 at 6.47%$554.80
88,050 at 6.48%$555.38
88,050 at 6.49%$555.96
88,050 at 6.5%$556.54
Interest Rate 30 Year
88,050 at 6.51%$557.12
88,050 at 6.52%$557.69
88,050 at 6.53%$558.27
88,050 at 6.54%$558.85
88,050 at 6.55%$559.43
88,050 at 6.56%$560.01
88,050 at 6.57%$560.60
88,050 at 6.58%$561.18
88,050 at 6.59%$561.76
88,050 at 6.6%$562.34
88,050 at 6.61%$562.92
88,050 at 6.62%$563.50
88,050 at 6.63%$564.08
88,050 at 6.64%$564.67
88,050 at 6.65%$565.25
88,050 at 6.66%$565.83
88,050 at 6.67%$566.42
88,050 at 6.68%$567.00
88,050 at 6.69%$567.58
88,050 at 6.7%$568.17
88,050 at 6.71%$568.75
88,050 at 6.72%$569.34
88,050 at 6.73%$569.92
88,050 at 6.74%$570.51
88,050 at 6.75%$571.09
88,050 at 6.76%$571.68
88,050 at 6.77%$572.26
88,050 at 6.78%$572.85
88,050 at 6.79%$573.43
88,050 at 6.8%$574.02
88,050 at 6.81%$574.61
88,050 at 6.82%$575.19
88,050 at 6.83%$575.78
88,050 at 6.84%$576.37
88,050 at 6.85%$576.96
88,050 at 6.86%$577.54
88,050 at 6.87%$578.13
88,050 at 6.88%$578.72
88,050 at 6.89%$579.31
88,050 at 6.9%$579.90
88,050 at 6.91%$580.49
88,050 at 6.92%$581.08
88,050 at 6.93%$581.67
88,050 at 6.94%$582.26
88,050 at 6.95%$582.85
88,050 at 6.96%$583.44
88,050 at 6.97%$584.03
88,050 at 6.98%$584.62
88,050 at 6.99%$585.21
88,050 at 7%$585.80
88,050 at 7.01%$586.39
88,050 at 7.02%$586.98
88,050 at 7.03%$587.57
88,050 at 7.04%$588.17
88,050 at 7.05%$588.76
88,050 at 7.06%$589.35
88,050 at 7.07%$589.94
88,050 at 7.08%$590.54
88,050 at 7.09%$591.13
88,050 at 7.1%$591.72
88,050 at 7.11%$592.32
88,050 at 7.12%$592.91
88,050 at 7.13%$593.51
88,050 at 7.14%$594.10
88,050 at 7.15%$594.70
88,050 at 7.16%$595.29
88,050 at 7.17%$595.89
88,050 at 7.18%$596.48
88,050 at 7.19%$597.08
88,050 at 7.2%$597.67
88,050 at 7.21%$598.27
88,050 at 7.22%$598.87
88,050 at 7.23%$599.46
88,050 at 7.24%$600.06
88,050 at 7.25%$600.66
88,050 at 7.26%$601.25
88,050 at 7.27%$601.85
88,050 at 7.28%$602.45
88,050 at 7.29%$603.05
88,050 at 7.3%$603.65
88,050 at 7.31%$604.24
88,050 at 7.32%$604.84
88,050 at 7.33%$605.44
88,050 at 7.34%$606.04
88,050 at 7.35%$606.64
88,050 at 7.36%$607.24
88,050 at 7.37%$607.84
88,050 at 7.38%$608.44
88,050 at 7.39%$609.04
88,050 at 7.4%$609.64
88,050 at 7.41%$610.24
88,050 at 7.42%$610.84
88,050 at 7.43%$611.44
88,050 at 7.44%$612.04
88,050 at 7.45%$612.65
88,050 at 7.46%$613.25
88,050 at 7.47%$613.85
88,050 at 7.48%$614.45
88,050 at 7.49%$615.06
88,050 at 7.5%$615.66
88,050 at 7.51%$616.26
88,050 at 7.52%$616.86
88,050 at 7.53%$617.47
88,050 at 7.54%$618.07
88,050 at 7.55%$618.68
88,050 at 7.56%$619.28
88,050 at 7.57%$619.88
88,050 at 7.58%$620.49
88,050 at 7.59%$621.09
88,050 at 7.6%$621.70
88,050 at 7.61%$622.30
88,050 at 7.62%$622.91
88,050 at 7.63%$623.52
88,050 at 7.64%$624.12
88,050 at 7.65%$624.73
88,050 at 7.66%$625.33
88,050 at 7.67%$625.94
88,050 at 7.68%$626.55
88,050 at 7.69%$627.15
88,050 at 7.7%$627.76
88,050 at 7.71%$628.37
88,050 at 7.72%$628.98
88,050 at 7.73%$629.58
88,050 at 7.74%$630.19
88,050 at 7.75%$630.80
88,050 at 7.76%$631.41
88,050 at 7.77%$632.02
88,050 at 7.78%$632.63
88,050 at 7.79%$633.24
88,050 at 7.8%$633.85
88,050 at 7.81%$634.46
88,050 at 7.82%$635.07
88,050 at 7.83%$635.68
88,050 at 7.84%$636.29
88,050 at 7.85%$636.90
88,050 at 7.86%$637.51
88,050 at 7.87%$638.12
88,050 at 7.88%$638.73
88,050 at 7.89%$639.34
88,050 at 7.9%$639.95
88,050 at 7.91%$640.56
88,050 at 7.92%$641.18
88,050 at 7.93%$641.79
88,050 at 7.94%$642.40
88,050 at 7.95%$643.01
88,050 at 7.96%$643.63
88,050 at 7.97%$644.24
88,050 at 7.98%$644.85
88,050 at 7.99%$645.47
88,050 at 8%$646.08
More Amounts
What is the down payment for a $88,050 house? How much do you need to put down?
Percent Down Down Payment
1%881
2%1,761
3%2,642
4%3,522
5%4,403
6%5,283
7%6,164
8%7,044
9%7,925
10%8,805
11%9,686
12%10,566
13%11,447
14%12,327
15%13,208
16%14,088
17%14,969
18%15,849
19%16,730
20%17,610
Percent Down Down Payment
21%18,491
22%19,371
23%20,252
24%21,132
25%22,013
26%22,893
27%23,774
28%24,654
29%25,535
30%26,415
31%27,296
32%28,176
33%29,057
34%29,937
35%30,818
36%31,698
37%32,579
38%33,459
39%34,340
40%35,220
Percent Down Down Payment
41%36,101
42%36,981
43%37,862
44%38,742
45%39,623
46%40,503
47%41,384
48%42,264
49%43,145
50%44,025
51%44,906
52%45,786
53%46,667
54%47,547
55%48,428
56%49,308
57%50,189
58%51,069
59%51,950
60%52,830
Percent Down Down Payment
61%53,711
62%54,591
63%55,472
64%56,352
65%57,233
66%58,113
67%58,994
68%59,874
69%60,755
70%61,635
71%62,516
72%63,396
73%64,277
74%65,157
75%66,038
76%66,918
77%67,799
78%68,679
79%69,560
80%70,440
Percent Down Down Payment
81%71,321
82%72,201
83%73,082
84%73,962
85%74,843
86%75,723
87%76,604
88%77,484
89%78,365
90%79,245
91%80,126
92%81,006
93%81,887
94%82,767
95%83,648
96%84,528
97%85,409
98%86,289
99%87,170
100%88,050
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.