$88,550 Mortgage for 30 Years

What is the monthly payment of a 88,550 dollar loan?
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Loan Tables for a $88,550 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 89k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $88,550 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
88,550 at 2.01%$327.74
88,550 at 2.02%$328.18
88,550 at 2.03%$328.63
88,550 at 2.04%$329.07
88,550 at 2.05%$329.52
88,550 at 2.06%$329.96
88,550 at 2.07%$330.41
88,550 at 2.08%$330.85
88,550 at 2.09%$331.30
88,550 at 2.1%$331.74
88,550 at 2.11%$332.19
88,550 at 2.12%$332.64
88,550 at 2.13%$333.08
88,550 at 2.14%$333.53
88,550 at 2.15%$333.98
88,550 at 2.16%$334.43
88,550 at 2.17%$334.88
88,550 at 2.18%$335.33
88,550 at 2.19%$335.78
88,550 at 2.2%$336.23
88,550 at 2.21%$336.68
88,550 at 2.22%$337.13
88,550 at 2.23%$337.58
88,550 at 2.24%$338.03
88,550 at 2.25%$338.48
88,550 at 2.26%$338.93
88,550 at 2.27%$339.38
88,550 at 2.28%$339.84
88,550 at 2.29%$340.29
88,550 at 2.3%$340.74
88,550 at 2.31%$341.20
88,550 at 2.32%$341.65
88,550 at 2.33%$342.10
88,550 at 2.34%$342.56
88,550 at 2.35%$343.01
88,550 at 2.36%$343.47
88,550 at 2.37%$343.92
88,550 at 2.38%$344.38
88,550 at 2.39%$344.84
88,550 at 2.4%$345.29
88,550 at 2.41%$345.75
88,550 at 2.42%$346.21
88,550 at 2.43%$346.67
88,550 at 2.44%$347.12
88,550 at 2.45%$347.58
88,550 at 2.46%$348.04
88,550 at 2.47%$348.50
88,550 at 2.48%$348.96
88,550 at 2.49%$349.42
88,550 at 2.5%$349.88
88,550 at 2.51%$350.34
88,550 at 2.52%$350.80
88,550 at 2.53%$351.26
88,550 at 2.54%$351.72
88,550 at 2.55%$352.19
88,550 at 2.56%$352.65
88,550 at 2.57%$353.11
88,550 at 2.58%$353.57
88,550 at 2.59%$354.04
88,550 at 2.6%$354.50
88,550 at 2.61%$354.96
88,550 at 2.62%$355.43
88,550 at 2.63%$355.89
88,550 at 2.64%$356.36
88,550 at 2.65%$356.82
88,550 at 2.66%$357.29
88,550 at 2.67%$357.76
88,550 at 2.68%$358.22
88,550 at 2.69%$358.69
88,550 at 2.7%$359.16
88,550 at 2.71%$359.62
88,550 at 2.72%$360.09
88,550 at 2.73%$360.56
88,550 at 2.74%$361.03
88,550 at 2.75%$361.50
88,550 at 2.76%$361.97
88,550 at 2.77%$362.44
88,550 at 2.78%$362.91
88,550 at 2.79%$363.38
88,550 at 2.8%$363.85
88,550 at 2.81%$364.32
88,550 at 2.82%$364.79
88,550 at 2.83%$365.26
88,550 at 2.84%$365.73
88,550 at 2.85%$366.21
88,550 at 2.86%$366.68
88,550 at 2.87%$367.15
88,550 at 2.88%$367.62
88,550 at 2.89%$368.10
88,550 at 2.9%$368.57
88,550 at 2.91%$369.05
88,550 at 2.92%$369.52
88,550 at 2.93%$370.00
88,550 at 2.94%$370.47
88,550 at 2.95%$370.95
88,550 at 2.96%$371.42
88,550 at 2.97%$371.90
88,550 at 2.98%$372.38
88,550 at 2.99%$372.85
88,550 at 3%$373.33
88,550 at 3.01%$373.81
88,550 at 3.02%$374.29
88,550 at 3.03%$374.76
88,550 at 3.04%$375.24
88,550 at 3.05%$375.72
88,550 at 3.06%$376.20
88,550 at 3.07%$376.68
88,550 at 3.08%$377.16
88,550 at 3.09%$377.64
88,550 at 3.1%$378.12
88,550 at 3.11%$378.60
88,550 at 3.12%$379.09
88,550 at 3.13%$379.57
88,550 at 3.14%$380.05
88,550 at 3.15%$380.53
88,550 at 3.16%$381.01
88,550 at 3.17%$381.50
88,550 at 3.18%$381.98
88,550 at 3.19%$382.47
88,550 at 3.2%$382.95
88,550 at 3.21%$383.43
88,550 at 3.22%$383.92
88,550 at 3.23%$384.40
88,550 at 3.24%$384.89
88,550 at 3.25%$385.38
88,550 at 3.26%$385.86
88,550 at 3.27%$386.35
88,550 at 3.28%$386.83
88,550 at 3.29%$387.32
88,550 at 3.3%$387.81
88,550 at 3.31%$388.30
88,550 at 3.32%$388.79
88,550 at 3.33%$389.27
88,550 at 3.34%$389.76
88,550 at 3.35%$390.25
88,550 at 3.36%$390.74
88,550 at 3.37%$391.23
88,550 at 3.38%$391.72
88,550 at 3.39%$392.21
88,550 at 3.4%$392.70
88,550 at 3.41%$393.19
88,550 at 3.42%$393.69
88,550 at 3.43%$394.18
88,550 at 3.44%$394.67
88,550 at 3.45%$395.16
88,550 at 3.46%$395.65
88,550 at 3.47%$396.15
88,550 at 3.48%$396.64
88,550 at 3.49%$397.13
88,550 at 3.5%$397.63
Interest Rate 30 Year
88,550 at 3.51%$398.12
88,550 at 3.52%$398.62
88,550 at 3.53%$399.11
88,550 at 3.54%$399.61
88,550 at 3.55%$400.10
88,550 at 3.56%$400.60
88,550 at 3.57%$401.10
88,550 at 3.58%$401.59
88,550 at 3.59%$402.09
88,550 at 3.6%$402.59
88,550 at 3.61%$403.09
88,550 at 3.62%$403.58
88,550 at 3.63%$404.08
88,550 at 3.64%$404.58
88,550 at 3.65%$405.08
88,550 at 3.66%$405.58
88,550 at 3.67%$406.08
88,550 at 3.68%$406.58
88,550 at 3.69%$407.08
88,550 at 3.7%$407.58
88,550 at 3.71%$408.08
88,550 at 3.72%$408.58
88,550 at 3.73%$409.08
88,550 at 3.74%$409.59
88,550 at 3.75%$410.09
88,550 at 3.76%$410.59
88,550 at 3.77%$411.09
88,550 at 3.78%$411.60
88,550 at 3.79%$412.10
88,550 at 3.8%$412.61
88,550 at 3.81%$413.11
88,550 at 3.82%$413.61
88,550 at 3.83%$414.12
88,550 at 3.84%$414.62
88,550 at 3.85%$415.13
88,550 at 3.86%$415.64
88,550 at 3.87%$416.14
88,550 at 3.88%$416.65
88,550 at 3.89%$417.16
88,550 at 3.9%$417.66
88,550 at 3.91%$418.17
88,550 at 3.92%$418.68
88,550 at 3.93%$419.19
88,550 at 3.94%$419.69
88,550 at 3.95%$420.20
88,550 at 3.96%$420.71
88,550 at 3.97%$421.22
88,550 at 3.98%$421.73
88,550 at 3.99%$422.24
88,550 at 4%$422.75
88,550 at 4.01%$423.26
88,550 at 4.02%$423.77
88,550 at 4.03%$424.28
88,550 at 4.04%$424.80
88,550 at 4.05%$425.31
88,550 at 4.06%$425.82
88,550 at 4.07%$426.33
88,550 at 4.08%$426.85
88,550 at 4.09%$427.36
88,550 at 4.1%$427.87
88,550 at 4.11%$428.39
88,550 at 4.12%$428.90
88,550 at 4.13%$429.41
88,550 at 4.14%$429.93
88,550 at 4.15%$430.44
88,550 at 4.16%$430.96
88,550 at 4.17%$431.48
88,550 at 4.18%$431.99
88,550 at 4.19%$432.51
88,550 at 4.2%$433.02
88,550 at 4.21%$433.54
88,550 at 4.22%$434.06
88,550 at 4.23%$434.58
88,550 at 4.24%$435.09
88,550 at 4.25%$435.61
88,550 at 4.26%$436.13
88,550 at 4.27%$436.65
88,550 at 4.28%$437.17
88,550 at 4.29%$437.69
88,550 at 4.3%$438.21
88,550 at 4.31%$438.73
88,550 at 4.32%$439.25
88,550 at 4.33%$439.77
88,550 at 4.34%$440.29
88,550 at 4.35%$440.81
88,550 at 4.36%$441.33
88,550 at 4.37%$441.86
88,550 at 4.38%$442.38
88,550 at 4.39%$442.90
88,550 at 4.4%$443.42
88,550 at 4.41%$443.95
88,550 at 4.42%$444.47
88,550 at 4.43%$444.99
88,550 at 4.44%$445.52
88,550 at 4.45%$446.04
88,550 at 4.46%$446.57
88,550 at 4.47%$447.09
88,550 at 4.48%$447.62
88,550 at 4.49%$448.14
88,550 at 4.5%$448.67
88,550 at 4.51%$449.20
88,550 at 4.52%$449.72
88,550 at 4.53%$450.25
88,550 at 4.54%$450.78
88,550 at 4.55%$451.30
88,550 at 4.56%$451.83
88,550 at 4.57%$452.36
88,550 at 4.58%$452.89
88,550 at 4.59%$453.42
88,550 at 4.6%$453.95
88,550 at 4.61%$454.48
88,550 at 4.62%$455.01
88,550 at 4.63%$455.54
88,550 at 4.64%$456.07
88,550 at 4.65%$456.60
88,550 at 4.66%$457.13
88,550 at 4.67%$457.66
88,550 at 4.68%$458.19
88,550 at 4.69%$458.72
88,550 at 4.7%$459.25
88,550 at 4.71%$459.79
88,550 at 4.72%$460.32
88,550 at 4.73%$460.85
88,550 at 4.74%$461.39
88,550 at 4.75%$461.92
88,550 at 4.76%$462.45
88,550 at 4.77%$462.99
88,550 at 4.78%$463.52
88,550 at 4.79%$464.06
88,550 at 4.8%$464.59
88,550 at 4.81%$465.13
88,550 at 4.82%$465.66
88,550 at 4.83%$466.20
88,550 at 4.84%$466.73
88,550 at 4.85%$467.27
88,550 at 4.86%$467.81
88,550 at 4.87%$468.35
88,550 at 4.88%$468.88
88,550 at 4.89%$469.42
88,550 at 4.9%$469.96
88,550 at 4.91%$470.50
88,550 at 4.92%$471.04
88,550 at 4.93%$471.57
88,550 at 4.94%$472.11
88,550 at 4.95%$472.65
88,550 at 4.96%$473.19
88,550 at 4.97%$473.73
88,550 at 4.98%$474.27
88,550 at 4.99%$474.81
88,550 at 5%$475.36
Interest Rate 30 Year
88,550 at 5.01%$475.90
88,550 at 5.02%$476.44
88,550 at 5.03%$476.98
88,550 at 5.04%$477.52
88,550 at 5.05%$478.07
88,550 at 5.06%$478.61
88,550 at 5.07%$479.15
88,550 at 5.08%$479.69
88,550 at 5.09%$480.24
88,550 at 5.1%$480.78
88,550 at 5.11%$481.33
88,550 at 5.12%$481.87
88,550 at 5.13%$482.42
88,550 at 5.14%$482.96
88,550 at 5.15%$483.51
88,550 at 5.16%$484.05
88,550 at 5.17%$484.60
88,550 at 5.18%$485.14
88,550 at 5.19%$485.69
88,550 at 5.2%$486.24
88,550 at 5.21%$486.78
88,550 at 5.22%$487.33
88,550 at 5.23%$487.88
88,550 at 5.24%$488.43
88,550 at 5.25%$488.98
88,550 at 5.26%$489.52
88,550 at 5.27%$490.07
88,550 at 5.28%$490.62
88,550 at 5.29%$491.17
88,550 at 5.3%$491.72
88,550 at 5.31%$492.27
88,550 at 5.32%$492.82
88,550 at 5.33%$493.37
88,550 at 5.34%$493.92
88,550 at 5.35%$494.48
88,550 at 5.36%$495.03
88,550 at 5.37%$495.58
88,550 at 5.38%$496.13
88,550 at 5.39%$496.68
88,550 at 5.4%$497.24
88,550 at 5.41%$497.79
88,550 at 5.42%$498.34
88,550 at 5.43%$498.90
88,550 at 5.44%$499.45
88,550 at 5.45%$500.00
88,550 at 5.46%$500.56
88,550 at 5.47%$501.11
88,550 at 5.48%$501.67
88,550 at 5.49%$502.22
88,550 at 5.5%$502.78
88,550 at 5.51%$503.33
88,550 at 5.52%$503.89
88,550 at 5.53%$504.45
88,550 at 5.54%$505.00
88,550 at 5.55%$505.56
88,550 at 5.56%$506.12
88,550 at 5.57%$506.67
88,550 at 5.58%$507.23
88,550 at 5.59%$507.79
88,550 at 5.6%$508.35
88,550 at 5.61%$508.91
88,550 at 5.62%$509.46
88,550 at 5.63%$510.02
88,550 at 5.64%$510.58
88,550 at 5.65%$511.14
88,550 at 5.66%$511.70
88,550 at 5.67%$512.26
88,550 at 5.68%$512.82
88,550 at 5.69%$513.38
88,550 at 5.7%$513.94
88,550 at 5.71%$514.51
88,550 at 5.72%$515.07
88,550 at 5.73%$515.63
88,550 at 5.74%$516.19
88,550 at 5.75%$516.75
88,550 at 5.76%$517.32
88,550 at 5.77%$517.88
88,550 at 5.78%$518.44
88,550 at 5.79%$519.01
88,550 at 5.8%$519.57
88,550 at 5.81%$520.13
88,550 at 5.82%$520.70
88,550 at 5.83%$521.26
88,550 at 5.84%$521.83
88,550 at 5.85%$522.39
88,550 at 5.86%$522.96
88,550 at 5.87%$523.52
88,550 at 5.88%$524.09
88,550 at 5.89%$524.66
88,550 at 5.9%$525.22
88,550 at 5.91%$525.79
88,550 at 5.92%$526.36
88,550 at 5.93%$526.92
88,550 at 5.94%$527.49
88,550 at 5.95%$528.06
88,550 at 5.96%$528.63
88,550 at 5.97%$529.20
88,550 at 5.98%$529.76
88,550 at 5.99%$530.33
88,550 at 6%$530.90
88,550 at 6.01%$531.47
88,550 at 6.02%$532.04
88,550 at 6.03%$532.61
88,550 at 6.04%$533.18
88,550 at 6.05%$533.75
88,550 at 6.06%$534.32
88,550 at 6.07%$534.89
88,550 at 6.08%$535.46
88,550 at 6.09%$536.04
88,550 at 6.1%$536.61
88,550 at 6.11%$537.18
88,550 at 6.12%$537.75
88,550 at 6.13%$538.33
88,550 at 6.14%$538.90
88,550 at 6.15%$539.47
88,550 at 6.16%$540.04
88,550 at 6.17%$540.62
88,550 at 6.18%$541.19
88,550 at 6.19%$541.77
88,550 at 6.2%$542.34
88,550 at 6.21%$542.92
88,550 at 6.22%$543.49
88,550 at 6.23%$544.07
88,550 at 6.24%$544.64
88,550 at 6.25%$545.22
88,550 at 6.26%$545.79
88,550 at 6.27%$546.37
88,550 at 6.28%$546.95
88,550 at 6.29%$547.52
88,550 at 6.3%$548.10
88,550 at 6.31%$548.68
88,550 at 6.32%$549.26
88,550 at 6.33%$549.83
88,550 at 6.34%$550.41
88,550 at 6.35%$550.99
88,550 at 6.36%$551.57
88,550 at 6.37%$552.15
88,550 at 6.38%$552.73
88,550 at 6.39%$553.31
88,550 at 6.4%$553.89
88,550 at 6.41%$554.47
88,550 at 6.42%$555.05
88,550 at 6.43%$555.63
88,550 at 6.44%$556.21
88,550 at 6.45%$556.79
88,550 at 6.46%$557.37
88,550 at 6.47%$557.95
88,550 at 6.48%$558.53
88,550 at 6.49%$559.11
88,550 at 6.5%$559.70
Interest Rate 30 Year
88,550 at 6.51%$560.28
88,550 at 6.52%$560.86
88,550 at 6.53%$561.44
88,550 at 6.54%$562.03
88,550 at 6.55%$562.61
88,550 at 6.56%$563.19
88,550 at 6.57%$563.78
88,550 at 6.58%$564.36
88,550 at 6.59%$564.95
88,550 at 6.6%$565.53
88,550 at 6.61%$566.12
88,550 at 6.62%$566.70
88,550 at 6.63%$567.29
88,550 at 6.64%$567.87
88,550 at 6.65%$568.46
88,550 at 6.66%$569.05
88,550 at 6.67%$569.63
88,550 at 6.68%$570.22
88,550 at 6.69%$570.81
88,550 at 6.7%$571.39
88,550 at 6.71%$571.98
88,550 at 6.72%$572.57
88,550 at 6.73%$573.16
88,550 at 6.74%$573.75
88,550 at 6.75%$574.33
88,550 at 6.76%$574.92
88,550 at 6.77%$575.51
88,550 at 6.78%$576.10
88,550 at 6.79%$576.69
88,550 at 6.8%$577.28
88,550 at 6.81%$577.87
88,550 at 6.82%$578.46
88,550 at 6.83%$579.05
88,550 at 6.84%$579.64
88,550 at 6.85%$580.23
88,550 at 6.86%$580.82
88,550 at 6.87%$581.41
88,550 at 6.88%$582.01
88,550 at 6.89%$582.60
88,550 at 6.9%$583.19
88,550 at 6.91%$583.78
88,550 at 6.92%$584.38
88,550 at 6.93%$584.97
88,550 at 6.94%$585.56
88,550 at 6.95%$586.15
88,550 at 6.96%$586.75
88,550 at 6.97%$587.34
88,550 at 6.98%$587.94
88,550 at 6.99%$588.53
88,550 at 7%$589.13
88,550 at 7.01%$589.72
88,550 at 7.02%$590.32
88,550 at 7.03%$590.91
88,550 at 7.04%$591.51
88,550 at 7.05%$592.10
88,550 at 7.06%$592.70
88,550 at 7.07%$593.29
88,550 at 7.08%$593.89
88,550 at 7.09%$594.49
88,550 at 7.1%$595.08
88,550 at 7.11%$595.68
88,550 at 7.12%$596.28
88,550 at 7.13%$596.88
88,550 at 7.14%$597.47
88,550 at 7.15%$598.07
88,550 at 7.16%$598.67
88,550 at 7.17%$599.27
88,550 at 7.18%$599.87
88,550 at 7.19%$600.47
88,550 at 7.2%$601.07
88,550 at 7.21%$601.67
88,550 at 7.22%$602.27
88,550 at 7.23%$602.87
88,550 at 7.24%$603.47
88,550 at 7.25%$604.07
88,550 at 7.26%$604.67
88,550 at 7.27%$605.27
88,550 at 7.28%$605.87
88,550 at 7.29%$606.47
88,550 at 7.3%$607.07
88,550 at 7.31%$607.67
88,550 at 7.32%$608.28
88,550 at 7.33%$608.88
88,550 at 7.34%$609.48
88,550 at 7.35%$610.08
88,550 at 7.36%$610.69
88,550 at 7.37%$611.29
88,550 at 7.38%$611.89
88,550 at 7.39%$612.50
88,550 at 7.4%$613.10
88,550 at 7.41%$613.71
88,550 at 7.42%$614.31
88,550 at 7.43%$614.92
88,550 at 7.44%$615.52
88,550 at 7.45%$616.13
88,550 at 7.46%$616.73
88,550 at 7.47%$617.34
88,550 at 7.48%$617.94
88,550 at 7.49%$618.55
88,550 at 7.5%$619.15
88,550 at 7.51%$619.76
88,550 at 7.52%$620.37
88,550 at 7.53%$620.97
88,550 at 7.54%$621.58
88,550 at 7.55%$622.19
88,550 at 7.56%$622.80
88,550 at 7.57%$623.40
88,550 at 7.58%$624.01
88,550 at 7.59%$624.62
88,550 at 7.6%$625.23
88,550 at 7.61%$625.84
88,550 at 7.62%$626.45
88,550 at 7.63%$627.06
88,550 at 7.64%$627.67
88,550 at 7.65%$628.27
88,550 at 7.66%$628.88
88,550 at 7.67%$629.49
88,550 at 7.68%$630.11
88,550 at 7.69%$630.72
88,550 at 7.7%$631.33
88,550 at 7.71%$631.94
88,550 at 7.72%$632.55
88,550 at 7.73%$633.16
88,550 at 7.74%$633.77
88,550 at 7.75%$634.38
88,550 at 7.76%$635.00
88,550 at 7.77%$635.61
88,550 at 7.78%$636.22
88,550 at 7.79%$636.83
88,550 at 7.8%$637.45
88,550 at 7.81%$638.06
88,550 at 7.82%$638.67
88,550 at 7.83%$639.29
88,550 at 7.84%$639.90
88,550 at 7.85%$640.51
88,550 at 7.86%$641.13
88,550 at 7.87%$641.74
88,550 at 7.88%$642.36
88,550 at 7.89%$642.97
88,550 at 7.9%$643.59
88,550 at 7.91%$644.20
88,550 at 7.92%$644.82
88,550 at 7.93%$645.43
88,550 at 7.94%$646.05
88,550 at 7.95%$646.66
88,550 at 7.96%$647.28
88,550 at 7.97%$647.90
88,550 at 7.98%$648.51
88,550 at 7.99%$649.13
88,550 at 8%$649.75
More Amounts
What is the down payment for a $88,550 house? How much do you need to put down?
Percent Down Down Payment
1%886
2%1,771
3%2,657
4%3,542
5%4,428
6%5,313
7%6,199
8%7,084
9%7,970
10%8,855
11%9,741
12%10,626
13%11,512
14%12,397
15%13,283
16%14,168
17%15,054
18%15,939
19%16,825
20%17,710
Percent Down Down Payment
21%18,596
22%19,481
23%20,367
24%21,252
25%22,138
26%23,023
27%23,909
28%24,794
29%25,680
30%26,565
31%27,451
32%28,336
33%29,222
34%30,107
35%30,993
36%31,878
37%32,764
38%33,649
39%34,535
40%35,420
Percent Down Down Payment
41%36,306
42%37,191
43%38,077
44%38,962
45%39,848
46%40,733
47%41,619
48%42,504
49%43,390
50%44,275
51%45,161
52%46,046
53%46,932
54%47,817
55%48,703
56%49,588
57%50,474
58%51,359
59%52,245
60%53,130
Percent Down Down Payment
61%54,016
62%54,901
63%55,787
64%56,672
65%57,558
66%58,443
67%59,329
68%60,214
69%61,100
70%61,985
71%62,871
72%63,756
73%64,642
74%65,527
75%66,413
76%67,298
77%68,184
78%69,069
79%69,955
80%70,840
Percent Down Down Payment
81%71,726
82%72,611
83%73,497
84%74,382
85%75,268
86%76,153
87%77,039
88%77,924
89%78,810
90%79,695
91%80,581
92%81,466
93%82,352
94%83,237
95%84,123
96%85,008
97%85,894
98%86,779
99%87,665
100%88,550
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.