$88,250 Mortgage for 30 Years

What is the monthly payment of a 88,250 dollar loan?
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Loan Tables for a $88,250 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 $88,250 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
88,250 at 2.01%$326.63
88,250 at 2.02%$327.07
88,250 at 2.03%$327.51
88,250 at 2.04%$327.96
88,250 at 2.05%$328.40
88,250 at 2.06%$328.84
88,250 at 2.07%$329.29
88,250 at 2.08%$329.73
88,250 at 2.09%$330.18
88,250 at 2.1%$330.62
88,250 at 2.11%$331.06
88,250 at 2.12%$331.51
88,250 at 2.13%$331.96
88,250 at 2.14%$332.40
88,250 at 2.15%$332.85
88,250 at 2.16%$333.30
88,250 at 2.17%$333.74
88,250 at 2.18%$334.19
88,250 at 2.19%$334.64
88,250 at 2.2%$335.09
88,250 at 2.21%$335.53
88,250 at 2.22%$335.98
88,250 at 2.23%$336.43
88,250 at 2.24%$336.88
88,250 at 2.25%$337.33
88,250 at 2.26%$337.78
88,250 at 2.27%$338.23
88,250 at 2.28%$338.68
88,250 at 2.29%$339.14
88,250 at 2.3%$339.59
88,250 at 2.31%$340.04
88,250 at 2.32%$340.49
88,250 at 2.33%$340.94
88,250 at 2.34%$341.40
88,250 at 2.35%$341.85
88,250 at 2.36%$342.30
88,250 at 2.37%$342.76
88,250 at 2.38%$343.21
88,250 at 2.39%$343.67
88,250 at 2.4%$344.12
88,250 at 2.41%$344.58
88,250 at 2.42%$345.03
88,250 at 2.43%$345.49
88,250 at 2.44%$345.95
88,250 at 2.45%$346.40
88,250 at 2.46%$346.86
88,250 at 2.47%$347.32
88,250 at 2.48%$347.78
88,250 at 2.49%$348.24
88,250 at 2.5%$348.69
88,250 at 2.51%$349.15
88,250 at 2.52%$349.61
88,250 at 2.53%$350.07
88,250 at 2.54%$350.53
88,250 at 2.55%$350.99
88,250 at 2.56%$351.45
88,250 at 2.57%$351.91
88,250 at 2.58%$352.38
88,250 at 2.59%$352.84
88,250 at 2.6%$353.30
88,250 at 2.61%$353.76
88,250 at 2.62%$354.23
88,250 at 2.63%$354.69
88,250 at 2.64%$355.15
88,250 at 2.65%$355.62
88,250 at 2.66%$356.08
88,250 at 2.67%$356.54
88,250 at 2.68%$357.01
88,250 at 2.69%$357.47
88,250 at 2.7%$357.94
88,250 at 2.71%$358.41
88,250 at 2.72%$358.87
88,250 at 2.73%$359.34
88,250 at 2.74%$359.81
88,250 at 2.75%$360.27
88,250 at 2.76%$360.74
88,250 at 2.77%$361.21
88,250 at 2.78%$361.68
88,250 at 2.79%$362.15
88,250 at 2.8%$362.61
88,250 at 2.81%$363.08
88,250 at 2.82%$363.55
88,250 at 2.83%$364.02
88,250 at 2.84%$364.49
88,250 at 2.85%$364.96
88,250 at 2.86%$365.44
88,250 at 2.87%$365.91
88,250 at 2.88%$366.38
88,250 at 2.89%$366.85
88,250 at 2.9%$367.32
88,250 at 2.91%$367.80
88,250 at 2.92%$368.27
88,250 at 2.93%$368.74
88,250 at 2.94%$369.22
88,250 at 2.95%$369.69
88,250 at 2.96%$370.16
88,250 at 2.97%$370.64
88,250 at 2.98%$371.11
88,250 at 2.99%$371.59
88,250 at 3%$372.07
88,250 at 3.01%$372.54
88,250 at 3.02%$373.02
88,250 at 3.03%$373.49
88,250 at 3.04%$373.97
88,250 at 3.05%$374.45
88,250 at 3.06%$374.93
88,250 at 3.07%$375.41
88,250 at 3.08%$375.88
88,250 at 3.09%$376.36
88,250 at 3.1%$376.84
88,250 at 3.11%$377.32
88,250 at 3.12%$377.80
88,250 at 3.13%$378.28
88,250 at 3.14%$378.76
88,250 at 3.15%$379.24
88,250 at 3.16%$379.72
88,250 at 3.17%$380.21
88,250 at 3.18%$380.69
88,250 at 3.19%$381.17
88,250 at 3.2%$381.65
88,250 at 3.21%$382.13
88,250 at 3.22%$382.62
88,250 at 3.23%$383.10
88,250 at 3.24%$383.59
88,250 at 3.25%$384.07
88,250 at 3.26%$384.55
88,250 at 3.27%$385.04
88,250 at 3.28%$385.52
88,250 at 3.29%$386.01
88,250 at 3.3%$386.50
88,250 at 3.31%$386.98
88,250 at 3.32%$387.47
88,250 at 3.33%$387.96
88,250 at 3.34%$388.44
88,250 at 3.35%$388.93
88,250 at 3.36%$389.42
88,250 at 3.37%$389.91
88,250 at 3.38%$390.39
88,250 at 3.39%$390.88
88,250 at 3.4%$391.37
88,250 at 3.41%$391.86
88,250 at 3.42%$392.35
88,250 at 3.43%$392.84
88,250 at 3.44%$393.33
88,250 at 3.45%$393.82
88,250 at 3.46%$394.31
88,250 at 3.47%$394.81
88,250 at 3.48%$395.30
88,250 at 3.49%$395.79
88,250 at 3.5%$396.28
Interest Rate 30 Year
88,250 at 3.51%$396.77
88,250 at 3.52%$397.27
88,250 at 3.53%$397.76
88,250 at 3.54%$398.26
88,250 at 3.55%$398.75
88,250 at 3.56%$399.24
88,250 at 3.57%$399.74
88,250 at 3.58%$400.23
88,250 at 3.59%$400.73
88,250 at 3.6%$401.22
88,250 at 3.61%$401.72
88,250 at 3.62%$402.22
88,250 at 3.63%$402.71
88,250 at 3.64%$403.21
88,250 at 3.65%$403.71
88,250 at 3.66%$404.21
88,250 at 3.67%$404.70
88,250 at 3.68%$405.20
88,250 at 3.69%$405.70
88,250 at 3.7%$406.20
88,250 at 3.71%$406.70
88,250 at 3.72%$407.20
88,250 at 3.73%$407.70
88,250 at 3.74%$408.20
88,250 at 3.75%$408.70
88,250 at 3.76%$409.20
88,250 at 3.77%$409.70
88,250 at 3.78%$410.20
88,250 at 3.79%$410.71
88,250 at 3.8%$411.21
88,250 at 3.81%$411.71
88,250 at 3.82%$412.21
88,250 at 3.83%$412.72
88,250 at 3.84%$413.22
88,250 at 3.85%$413.72
88,250 at 3.86%$414.23
88,250 at 3.87%$414.73
88,250 at 3.88%$415.24
88,250 at 3.89%$415.74
88,250 at 3.9%$416.25
88,250 at 3.91%$416.75
88,250 at 3.92%$417.26
88,250 at 3.93%$417.77
88,250 at 3.94%$418.27
88,250 at 3.95%$418.78
88,250 at 3.96%$419.29
88,250 at 3.97%$419.79
88,250 at 3.98%$420.30
88,250 at 3.99%$420.81
88,250 at 4%$421.32
88,250 at 4.01%$421.83
88,250 at 4.02%$422.34
88,250 at 4.03%$422.85
88,250 at 4.04%$423.36
88,250 at 4.05%$423.87
88,250 at 4.06%$424.38
88,250 at 4.07%$424.89
88,250 at 4.08%$425.40
88,250 at 4.09%$425.91
88,250 at 4.1%$426.42
88,250 at 4.11%$426.93
88,250 at 4.12%$427.45
88,250 at 4.13%$427.96
88,250 at 4.14%$428.47
88,250 at 4.15%$428.99
88,250 at 4.16%$429.50
88,250 at 4.17%$430.01
88,250 at 4.18%$430.53
88,250 at 4.19%$431.04
88,250 at 4.2%$431.56
88,250 at 4.21%$432.07
88,250 at 4.22%$432.59
88,250 at 4.23%$433.10
88,250 at 4.24%$433.62
88,250 at 4.25%$434.14
88,250 at 4.26%$434.65
88,250 at 4.27%$435.17
88,250 at 4.28%$435.69
88,250 at 4.29%$436.21
88,250 at 4.3%$436.72
88,250 at 4.31%$437.24
88,250 at 4.32%$437.76
88,250 at 4.33%$438.28
88,250 at 4.34%$438.80
88,250 at 4.35%$439.32
88,250 at 4.36%$439.84
88,250 at 4.37%$440.36
88,250 at 4.38%$440.88
88,250 at 4.39%$441.40
88,250 at 4.4%$441.92
88,250 at 4.41%$442.44
88,250 at 4.42%$442.96
88,250 at 4.43%$443.49
88,250 at 4.44%$444.01
88,250 at 4.45%$444.53
88,250 at 4.46%$445.05
88,250 at 4.47%$445.58
88,250 at 4.48%$446.10
88,250 at 4.49%$446.63
88,250 at 4.5%$447.15
88,250 at 4.51%$447.67
88,250 at 4.52%$448.20
88,250 at 4.53%$448.72
88,250 at 4.54%$449.25
88,250 at 4.55%$449.78
88,250 at 4.56%$450.30
88,250 at 4.57%$450.83
88,250 at 4.58%$451.35
88,250 at 4.59%$451.88
88,250 at 4.6%$452.41
88,250 at 4.61%$452.94
88,250 at 4.62%$453.46
88,250 at 4.63%$453.99
88,250 at 4.64%$454.52
88,250 at 4.65%$455.05
88,250 at 4.66%$455.58
88,250 at 4.67%$456.11
88,250 at 4.68%$456.64
88,250 at 4.69%$457.17
88,250 at 4.7%$457.70
88,250 at 4.71%$458.23
88,250 at 4.72%$458.76
88,250 at 4.73%$459.29
88,250 at 4.74%$459.82
88,250 at 4.75%$460.35
88,250 at 4.76%$460.89
88,250 at 4.77%$461.42
88,250 at 4.78%$461.95
88,250 at 4.79%$462.48
88,250 at 4.8%$463.02
88,250 at 4.81%$463.55
88,250 at 4.82%$464.08
88,250 at 4.83%$464.62
88,250 at 4.84%$465.15
88,250 at 4.85%$465.69
88,250 at 4.86%$466.22
88,250 at 4.87%$466.76
88,250 at 4.88%$467.29
88,250 at 4.89%$467.83
88,250 at 4.9%$468.37
88,250 at 4.91%$468.90
88,250 at 4.92%$469.44
88,250 at 4.93%$469.98
88,250 at 4.94%$470.51
88,250 at 4.95%$471.05
88,250 at 4.96%$471.59
88,250 at 4.97%$472.13
88,250 at 4.98%$472.67
88,250 at 4.99%$473.21
88,250 at 5%$473.75
Interest Rate 30 Year
88,250 at 5.01%$474.28
88,250 at 5.02%$474.82
88,250 at 5.03%$475.36
88,250 at 5.04%$475.90
88,250 at 5.05%$476.45
88,250 at 5.06%$476.99
88,250 at 5.07%$477.53
88,250 at 5.08%$478.07
88,250 at 5.09%$478.61
88,250 at 5.1%$479.15
88,250 at 5.11%$479.70
88,250 at 5.12%$480.24
88,250 at 5.13%$480.78
88,250 at 5.14%$481.32
88,250 at 5.15%$481.87
88,250 at 5.16%$482.41
88,250 at 5.17%$482.96
88,250 at 5.18%$483.50
88,250 at 5.19%$484.05
88,250 at 5.2%$484.59
88,250 at 5.21%$485.14
88,250 at 5.22%$485.68
88,250 at 5.23%$486.23
88,250 at 5.24%$486.77
88,250 at 5.25%$487.32
88,250 at 5.26%$487.87
88,250 at 5.27%$488.41
88,250 at 5.28%$488.96
88,250 at 5.29%$489.51
88,250 at 5.3%$490.06
88,250 at 5.31%$490.60
88,250 at 5.32%$491.15
88,250 at 5.33%$491.70
88,250 at 5.34%$492.25
88,250 at 5.35%$492.80
88,250 at 5.36%$493.35
88,250 at 5.37%$493.90
88,250 at 5.38%$494.45
88,250 at 5.39%$495.00
88,250 at 5.4%$495.55
88,250 at 5.41%$496.10
88,250 at 5.42%$496.65
88,250 at 5.43%$497.20
88,250 at 5.44%$497.76
88,250 at 5.45%$498.31
88,250 at 5.46%$498.86
88,250 at 5.47%$499.41
88,250 at 5.48%$499.97
88,250 at 5.49%$500.52
88,250 at 5.5%$501.07
88,250 at 5.51%$501.63
88,250 at 5.52%$502.18
88,250 at 5.53%$502.74
88,250 at 5.54%$503.29
88,250 at 5.55%$503.85
88,250 at 5.56%$504.40
88,250 at 5.57%$504.96
88,250 at 5.58%$505.51
88,250 at 5.59%$506.07
88,250 at 5.6%$506.62
88,250 at 5.61%$507.18
88,250 at 5.62%$507.74
88,250 at 5.63%$508.30
88,250 at 5.64%$508.85
88,250 at 5.65%$509.41
88,250 at 5.66%$509.97
88,250 at 5.67%$510.53
88,250 at 5.68%$511.09
88,250 at 5.69%$511.64
88,250 at 5.7%$512.20
88,250 at 5.71%$512.76
88,250 at 5.72%$513.32
88,250 at 5.73%$513.88
88,250 at 5.74%$514.44
88,250 at 5.75%$515.00
88,250 at 5.76%$515.56
88,250 at 5.77%$516.12
88,250 at 5.78%$516.69
88,250 at 5.79%$517.25
88,250 at 5.8%$517.81
88,250 at 5.81%$518.37
88,250 at 5.82%$518.93
88,250 at 5.83%$519.50
88,250 at 5.84%$520.06
88,250 at 5.85%$520.62
88,250 at 5.86%$521.19
88,250 at 5.87%$521.75
88,250 at 5.88%$522.31
88,250 at 5.89%$522.88
88,250 at 5.9%$523.44
88,250 at 5.91%$524.01
88,250 at 5.92%$524.57
88,250 at 5.93%$525.14
88,250 at 5.94%$525.70
88,250 at 5.95%$526.27
88,250 at 5.96%$526.84
88,250 at 5.97%$527.40
88,250 at 5.98%$527.97
88,250 at 5.99%$528.54
88,250 at 6%$529.10
88,250 at 6.01%$529.67
88,250 at 6.02%$530.24
88,250 at 6.03%$530.81
88,250 at 6.04%$531.37
88,250 at 6.05%$531.94
88,250 at 6.06%$532.51
88,250 at 6.07%$533.08
88,250 at 6.08%$533.65
88,250 at 6.09%$534.22
88,250 at 6.1%$534.79
88,250 at 6.11%$535.36
88,250 at 6.12%$535.93
88,250 at 6.13%$536.50
88,250 at 6.14%$537.07
88,250 at 6.15%$537.64
88,250 at 6.16%$538.22
88,250 at 6.17%$538.79
88,250 at 6.18%$539.36
88,250 at 6.19%$539.93
88,250 at 6.2%$540.50
88,250 at 6.21%$541.08
88,250 at 6.22%$541.65
88,250 at 6.23%$542.22
88,250 at 6.24%$542.80
88,250 at 6.25%$543.37
88,250 at 6.26%$543.94
88,250 at 6.27%$544.52
88,250 at 6.28%$545.09
88,250 at 6.29%$545.67
88,250 at 6.3%$546.24
88,250 at 6.31%$546.82
88,250 at 6.32%$547.39
88,250 at 6.33%$547.97
88,250 at 6.34%$548.55
88,250 at 6.35%$549.12
88,250 at 6.36%$549.70
88,250 at 6.37%$550.28
88,250 at 6.38%$550.85
88,250 at 6.39%$551.43
88,250 at 6.4%$552.01
88,250 at 6.41%$552.59
88,250 at 6.42%$553.17
88,250 at 6.43%$553.74
88,250 at 6.44%$554.32
88,250 at 6.45%$554.90
88,250 at 6.46%$555.48
88,250 at 6.47%$556.06
88,250 at 6.48%$556.64
88,250 at 6.49%$557.22
88,250 at 6.5%$557.80
Interest Rate 30 Year
88,250 at 6.51%$558.38
88,250 at 6.52%$558.96
88,250 at 6.53%$559.54
88,250 at 6.54%$560.12
88,250 at 6.55%$560.71
88,250 at 6.56%$561.29
88,250 at 6.57%$561.87
88,250 at 6.58%$562.45
88,250 at 6.59%$563.03
88,250 at 6.6%$563.62
88,250 at 6.61%$564.20
88,250 at 6.62%$564.78
88,250 at 6.63%$565.37
88,250 at 6.64%$565.95
88,250 at 6.65%$566.53
88,250 at 6.66%$567.12
88,250 at 6.67%$567.70
88,250 at 6.68%$568.29
88,250 at 6.69%$568.87
88,250 at 6.7%$569.46
88,250 at 6.71%$570.04
88,250 at 6.72%$570.63
88,250 at 6.73%$571.22
88,250 at 6.74%$571.80
88,250 at 6.75%$572.39
88,250 at 6.76%$572.97
88,250 at 6.77%$573.56
88,250 at 6.78%$574.15
88,250 at 6.79%$574.74
88,250 at 6.8%$575.32
88,250 at 6.81%$575.91
88,250 at 6.82%$576.50
88,250 at 6.83%$577.09
88,250 at 6.84%$577.68
88,250 at 6.85%$578.27
88,250 at 6.86%$578.86
88,250 at 6.87%$579.44
88,250 at 6.88%$580.03
88,250 at 6.89%$580.62
88,250 at 6.9%$581.21
88,250 at 6.91%$581.81
88,250 at 6.92%$582.40
88,250 at 6.93%$582.99
88,250 at 6.94%$583.58
88,250 at 6.95%$584.17
88,250 at 6.96%$584.76
88,250 at 6.97%$585.35
88,250 at 6.98%$585.94
88,250 at 6.99%$586.54
88,250 at 7%$587.13
88,250 at 7.01%$587.72
88,250 at 7.02%$588.32
88,250 at 7.03%$588.91
88,250 at 7.04%$589.50
88,250 at 7.05%$590.10
88,250 at 7.06%$590.69
88,250 at 7.07%$591.28
88,250 at 7.08%$591.88
88,250 at 7.09%$592.47
88,250 at 7.1%$593.07
88,250 at 7.11%$593.66
88,250 at 7.12%$594.26
88,250 at 7.13%$594.85
88,250 at 7.14%$595.45
88,250 at 7.15%$596.05
88,250 at 7.16%$596.64
88,250 at 7.17%$597.24
88,250 at 7.18%$597.84
88,250 at 7.19%$598.43
88,250 at 7.2%$599.03
88,250 at 7.21%$599.63
88,250 at 7.22%$600.23
88,250 at 7.23%$600.82
88,250 at 7.24%$601.42
88,250 at 7.25%$602.02
88,250 at 7.26%$602.62
88,250 at 7.27%$603.22
88,250 at 7.28%$603.82
88,250 at 7.29%$604.42
88,250 at 7.3%$605.02
88,250 at 7.31%$605.62
88,250 at 7.32%$606.22
88,250 at 7.33%$606.82
88,250 at 7.34%$607.42
88,250 at 7.35%$608.02
88,250 at 7.36%$608.62
88,250 at 7.37%$609.22
88,250 at 7.38%$609.82
88,250 at 7.39%$610.42
88,250 at 7.4%$611.03
88,250 at 7.41%$611.63
88,250 at 7.42%$612.23
88,250 at 7.43%$612.83
88,250 at 7.44%$613.44
88,250 at 7.45%$614.04
88,250 at 7.46%$614.64
88,250 at 7.47%$615.24
88,250 at 7.48%$615.85
88,250 at 7.49%$616.45
88,250 at 7.5%$617.06
88,250 at 7.51%$617.66
88,250 at 7.52%$618.27
88,250 at 7.53%$618.87
88,250 at 7.54%$619.48
88,250 at 7.55%$620.08
88,250 at 7.56%$620.69
88,250 at 7.57%$621.29
88,250 at 7.58%$621.90
88,250 at 7.59%$622.50
88,250 at 7.6%$623.11
88,250 at 7.61%$623.72
88,250 at 7.62%$624.32
88,250 at 7.63%$624.93
88,250 at 7.64%$625.54
88,250 at 7.65%$626.15
88,250 at 7.66%$626.75
88,250 at 7.67%$627.36
88,250 at 7.68%$627.97
88,250 at 7.69%$628.58
88,250 at 7.7%$629.19
88,250 at 7.71%$629.80
88,250 at 7.72%$630.41
88,250 at 7.73%$631.01
88,250 at 7.74%$631.62
88,250 at 7.75%$632.23
88,250 at 7.76%$632.84
88,250 at 7.77%$633.45
88,250 at 7.78%$634.06
88,250 at 7.79%$634.67
88,250 at 7.8%$635.29
88,250 at 7.81%$635.90
88,250 at 7.82%$636.51
88,250 at 7.83%$637.12
88,250 at 7.84%$637.73
88,250 at 7.85%$638.34
88,250 at 7.86%$638.96
88,250 at 7.87%$639.57
88,250 at 7.88%$640.18
88,250 at 7.89%$640.79
88,250 at 7.9%$641.41
88,250 at 7.91%$642.02
88,250 at 7.92%$642.63
88,250 at 7.93%$643.25
88,250 at 7.94%$643.86
88,250 at 7.95%$644.47
88,250 at 7.96%$645.09
88,250 at 7.97%$645.70
88,250 at 7.98%$646.32
88,250 at 7.99%$646.93
88,250 at 8%$647.55
More Amounts
What is the down payment for a $88,250 house? How much do you need to put down?
Percent Down Down Payment
1%883
2%1,765
3%2,648
4%3,530
5%4,413
6%5,295
7%6,178
8%7,060
9%7,943
10%8,825
11%9,708
12%10,590
13%11,473
14%12,355
15%13,238
16%14,120
17%15,003
18%15,885
19%16,768
20%17,650
Percent Down Down Payment
21%18,533
22%19,415
23%20,298
24%21,180
25%22,063
26%22,945
27%23,828
28%24,710
29%25,593
30%26,475
31%27,358
32%28,240
33%29,123
34%30,005
35%30,888
36%31,770
37%32,653
38%33,535
39%34,418
40%35,300
Percent Down Down Payment
41%36,183
42%37,065
43%37,948
44%38,830
45%39,713
46%40,595
47%41,478
48%42,360
49%43,243
50%44,125
51%45,008
52%45,890
53%46,773
54%47,655
55%48,538
56%49,420
57%50,303
58%51,185
59%52,068
60%52,950
Percent Down Down Payment
61%53,833
62%54,715
63%55,598
64%56,480
65%57,363
66%58,245
67%59,128
68%60,010
69%60,893
70%61,775
71%62,658
72%63,540
73%64,423
74%65,305
75%66,188
76%67,070
77%67,953
78%68,835
79%69,718
80%70,600
Percent Down Down Payment
81%71,483
82%72,365
83%73,248
84%74,130
85%75,013
86%75,895
87%76,778
88%77,660
89%78,543
90%79,425
91%80,308
92%81,190
93%82,073
94%82,955
95%83,838
96%84,720
97%85,603
98%86,485
99%87,368
100%88,250
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.