$93,750 Mortgage for 30 Years

What is the monthly payment of a 93,750 dollar loan?
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Loan Tables for a $93,750 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 94k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $93,750 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
93,750 at 2.01%$346.99
93,750 at 2.02%$347.46
93,750 at 2.03%$347.93
93,750 at 2.04%$348.40
93,750 at 2.05%$348.87
93,750 at 2.06%$349.34
93,750 at 2.07%$349.81
93,750 at 2.08%$350.28
93,750 at 2.09%$350.75
93,750 at 2.1%$351.23
93,750 at 2.11%$351.70
93,750 at 2.12%$352.17
93,750 at 2.13%$352.64
93,750 at 2.14%$353.12
93,750 at 2.15%$353.59
93,750 at 2.16%$354.07
93,750 at 2.17%$354.54
93,750 at 2.18%$355.02
93,750 at 2.19%$355.49
93,750 at 2.2%$355.97
93,750 at 2.21%$356.45
93,750 at 2.22%$356.92
93,750 at 2.23%$357.40
93,750 at 2.24%$357.88
93,750 at 2.25%$358.36
93,750 at 2.26%$358.83
93,750 at 2.27%$359.31
93,750 at 2.28%$359.79
93,750 at 2.29%$360.27
93,750 at 2.3%$360.75
93,750 at 2.31%$361.23
93,750 at 2.32%$361.71
93,750 at 2.33%$362.19
93,750 at 2.34%$362.67
93,750 at 2.35%$363.16
93,750 at 2.36%$363.64
93,750 at 2.37%$364.12
93,750 at 2.38%$364.60
93,750 at 2.39%$365.09
93,750 at 2.4%$365.57
93,750 at 2.41%$366.05
93,750 at 2.42%$366.54
93,750 at 2.43%$367.02
93,750 at 2.44%$367.51
93,750 at 2.45%$367.99
93,750 at 2.46%$368.48
93,750 at 2.47%$368.97
93,750 at 2.48%$369.45
93,750 at 2.49%$369.94
93,750 at 2.5%$370.43
93,750 at 2.51%$370.91
93,750 at 2.52%$371.40
93,750 at 2.53%$371.89
93,750 at 2.54%$372.38
93,750 at 2.55%$372.87
93,750 at 2.56%$373.36
93,750 at 2.57%$373.85
93,750 at 2.58%$374.34
93,750 at 2.59%$374.83
93,750 at 2.6%$375.32
93,750 at 2.61%$375.81
93,750 at 2.62%$376.30
93,750 at 2.63%$376.79
93,750 at 2.64%$377.29
93,750 at 2.65%$377.78
93,750 at 2.66%$378.27
93,750 at 2.67%$378.77
93,750 at 2.68%$379.26
93,750 at 2.69%$379.75
93,750 at 2.7%$380.25
93,750 at 2.71%$380.74
93,750 at 2.72%$381.24
93,750 at 2.73%$381.73
93,750 at 2.74%$382.23
93,750 at 2.75%$382.73
93,750 at 2.76%$383.22
93,750 at 2.77%$383.72
93,750 at 2.78%$384.22
93,750 at 2.79%$384.72
93,750 at 2.8%$385.21
93,750 at 2.81%$385.71
93,750 at 2.82%$386.21
93,750 at 2.83%$386.71
93,750 at 2.84%$387.21
93,750 at 2.85%$387.71
93,750 at 2.86%$388.21
93,750 at 2.87%$388.71
93,750 at 2.88%$389.21
93,750 at 2.89%$389.71
93,750 at 2.9%$390.22
93,750 at 2.91%$390.72
93,750 at 2.92%$391.22
93,750 at 2.93%$391.72
93,750 at 2.94%$392.23
93,750 at 2.95%$392.73
93,750 at 2.96%$393.23
93,750 at 2.97%$393.74
93,750 at 2.98%$394.24
93,750 at 2.99%$394.75
93,750 at 3%$395.25
93,750 at 3.01%$395.76
93,750 at 3.02%$396.27
93,750 at 3.03%$396.77
93,750 at 3.04%$397.28
93,750 at 3.05%$397.79
93,750 at 3.06%$398.29
93,750 at 3.07%$398.80
93,750 at 3.08%$399.31
93,750 at 3.09%$399.82
93,750 at 3.1%$400.33
93,750 at 3.11%$400.84
93,750 at 3.12%$401.35
93,750 at 3.13%$401.86
93,750 at 3.14%$402.37
93,750 at 3.15%$402.88
93,750 at 3.16%$403.39
93,750 at 3.17%$403.90
93,750 at 3.18%$404.41
93,750 at 3.19%$404.93
93,750 at 3.2%$405.44
93,750 at 3.21%$405.95
93,750 at 3.22%$406.46
93,750 at 3.23%$406.98
93,750 at 3.24%$407.49
93,750 at 3.25%$408.01
93,750 at 3.26%$408.52
93,750 at 3.27%$409.04
93,750 at 3.28%$409.55
93,750 at 3.29%$410.07
93,750 at 3.3%$410.58
93,750 at 3.31%$411.10
93,750 at 3.32%$411.62
93,750 at 3.33%$412.13
93,750 at 3.34%$412.65
93,750 at 3.35%$413.17
93,750 at 3.36%$413.69
93,750 at 3.37%$414.21
93,750 at 3.38%$414.72
93,750 at 3.39%$415.24
93,750 at 3.4%$415.76
93,750 at 3.41%$416.28
93,750 at 3.42%$416.80
93,750 at 3.43%$417.32
93,750 at 3.44%$417.85
93,750 at 3.45%$418.37
93,750 at 3.46%$418.89
93,750 at 3.47%$419.41
93,750 at 3.48%$419.93
93,750 at 3.49%$420.46
93,750 at 3.5%$420.98
Interest Rate 30 Year
93,750 at 3.51%$421.50
93,750 at 3.52%$422.03
93,750 at 3.53%$422.55
93,750 at 3.54%$423.08
93,750 at 3.55%$423.60
93,750 at 3.56%$424.13
93,750 at 3.57%$424.65
93,750 at 3.58%$425.18
93,750 at 3.59%$425.70
93,750 at 3.6%$426.23
93,750 at 3.61%$426.76
93,750 at 3.62%$427.28
93,750 at 3.63%$427.81
93,750 at 3.64%$428.34
93,750 at 3.65%$428.87
93,750 at 3.66%$429.40
93,750 at 3.67%$429.93
93,750 at 3.68%$430.46
93,750 at 3.69%$430.99
93,750 at 3.7%$431.52
93,750 at 3.71%$432.05
93,750 at 3.72%$432.58
93,750 at 3.73%$433.11
93,750 at 3.74%$433.64
93,750 at 3.75%$434.17
93,750 at 3.76%$434.70
93,750 at 3.77%$435.24
93,750 at 3.78%$435.77
93,750 at 3.79%$436.30
93,750 at 3.8%$436.84
93,750 at 3.81%$437.37
93,750 at 3.82%$437.90
93,750 at 3.83%$438.44
93,750 at 3.84%$438.97
93,750 at 3.85%$439.51
93,750 at 3.86%$440.04
93,750 at 3.87%$440.58
93,750 at 3.88%$441.12
93,750 at 3.89%$441.65
93,750 at 3.9%$442.19
93,750 at 3.91%$442.73
93,750 at 3.92%$443.26
93,750 at 3.93%$443.80
93,750 at 3.94%$444.34
93,750 at 3.95%$444.88
93,750 at 3.96%$445.42
93,750 at 3.97%$445.96
93,750 at 3.98%$446.50
93,750 at 3.99%$447.04
93,750 at 4%$447.58
93,750 at 4.01%$448.12
93,750 at 4.02%$448.66
93,750 at 4.03%$449.20
93,750 at 4.04%$449.74
93,750 at 4.05%$450.28
93,750 at 4.06%$450.83
93,750 at 4.07%$451.37
93,750 at 4.08%$451.91
93,750 at 4.09%$452.45
93,750 at 4.1%$453.00
93,750 at 4.11%$453.54
93,750 at 4.12%$454.09
93,750 at 4.13%$454.63
93,750 at 4.14%$455.18
93,750 at 4.15%$455.72
93,750 at 4.16%$456.27
93,750 at 4.17%$456.81
93,750 at 4.18%$457.36
93,750 at 4.19%$457.91
93,750 at 4.2%$458.45
93,750 at 4.21%$459.00
93,750 at 4.22%$459.55
93,750 at 4.23%$460.10
93,750 at 4.24%$460.64
93,750 at 4.25%$461.19
93,750 at 4.26%$461.74
93,750 at 4.27%$462.29
93,750 at 4.28%$462.84
93,750 at 4.29%$463.39
93,750 at 4.3%$463.94
93,750 at 4.31%$464.49
93,750 at 4.32%$465.04
93,750 at 4.33%$465.59
93,750 at 4.34%$466.15
93,750 at 4.35%$466.70
93,750 at 4.36%$467.25
93,750 at 4.37%$467.80
93,750 at 4.38%$468.36
93,750 at 4.39%$468.91
93,750 at 4.4%$469.46
93,750 at 4.41%$470.02
93,750 at 4.42%$470.57
93,750 at 4.43%$471.13
93,750 at 4.44%$471.68
93,750 at 4.45%$472.24
93,750 at 4.46%$472.79
93,750 at 4.47%$473.35
93,750 at 4.48%$473.90
93,750 at 4.49%$474.46
93,750 at 4.5%$475.02
93,750 at 4.51%$475.57
93,750 at 4.52%$476.13
93,750 at 4.53%$476.69
93,750 at 4.54%$477.25
93,750 at 4.55%$477.81
93,750 at 4.56%$478.37
93,750 at 4.57%$478.92
93,750 at 4.58%$479.48
93,750 at 4.59%$480.04
93,750 at 4.6%$480.60
93,750 at 4.61%$481.16
93,750 at 4.62%$481.73
93,750 at 4.63%$482.29
93,750 at 4.64%$482.85
93,750 at 4.65%$483.41
93,750 at 4.66%$483.97
93,750 at 4.67%$484.53
93,750 at 4.68%$485.10
93,750 at 4.69%$485.66
93,750 at 4.7%$486.22
93,750 at 4.71%$486.79
93,750 at 4.72%$487.35
93,750 at 4.73%$487.91
93,750 at 4.74%$488.48
93,750 at 4.75%$489.04
93,750 at 4.76%$489.61
93,750 at 4.77%$490.18
93,750 at 4.78%$490.74
93,750 at 4.79%$491.31
93,750 at 4.8%$491.87
93,750 at 4.81%$492.44
93,750 at 4.82%$493.01
93,750 at 4.83%$493.58
93,750 at 4.84%$494.14
93,750 at 4.85%$494.71
93,750 at 4.86%$495.28
93,750 at 4.87%$495.85
93,750 at 4.88%$496.42
93,750 at 4.89%$496.99
93,750 at 4.9%$497.56
93,750 at 4.91%$498.13
93,750 at 4.92%$498.70
93,750 at 4.93%$499.27
93,750 at 4.94%$499.84
93,750 at 4.95%$500.41
93,750 at 4.96%$500.98
93,750 at 4.97%$501.55
93,750 at 4.98%$502.12
93,750 at 4.99%$502.70
93,750 at 5%$503.27
Interest Rate 30 Year
93,750 at 5.01%$503.84
93,750 at 5.02%$504.42
93,750 at 5.03%$504.99
93,750 at 5.04%$505.56
93,750 at 5.05%$506.14
93,750 at 5.06%$506.71
93,750 at 5.07%$507.29
93,750 at 5.08%$507.86
93,750 at 5.09%$508.44
93,750 at 5.1%$509.02
93,750 at 5.11%$509.59
93,750 at 5.12%$510.17
93,750 at 5.13%$510.74
93,750 at 5.14%$511.32
93,750 at 5.15%$511.90
93,750 at 5.16%$512.48
93,750 at 5.17%$513.06
93,750 at 5.18%$513.63
93,750 at 5.19%$514.21
93,750 at 5.2%$514.79
93,750 at 5.21%$515.37
93,750 at 5.22%$515.95
93,750 at 5.23%$516.53
93,750 at 5.24%$517.11
93,750 at 5.25%$517.69
93,750 at 5.26%$518.27
93,750 at 5.27%$518.85
93,750 at 5.28%$519.43
93,750 at 5.29%$520.02
93,750 at 5.3%$520.60
93,750 at 5.31%$521.18
93,750 at 5.32%$521.76
93,750 at 5.33%$522.35
93,750 at 5.34%$522.93
93,750 at 5.35%$523.51
93,750 at 5.36%$524.10
93,750 at 5.37%$524.68
93,750 at 5.38%$525.27
93,750 at 5.39%$525.85
93,750 at 5.4%$526.44
93,750 at 5.41%$527.02
93,750 at 5.42%$527.61
93,750 at 5.43%$528.19
93,750 at 5.44%$528.78
93,750 at 5.45%$529.36
93,750 at 5.46%$529.95
93,750 at 5.47%$530.54
93,750 at 5.48%$531.13
93,750 at 5.49%$531.71
93,750 at 5.5%$532.30
93,750 at 5.51%$532.89
93,750 at 5.52%$533.48
93,750 at 5.53%$534.07
93,750 at 5.54%$534.66
93,750 at 5.55%$535.25
93,750 at 5.56%$535.84
93,750 at 5.57%$536.43
93,750 at 5.58%$537.02
93,750 at 5.59%$537.61
93,750 at 5.6%$538.20
93,750 at 5.61%$538.79
93,750 at 5.62%$539.38
93,750 at 5.63%$539.97
93,750 at 5.64%$540.57
93,750 at 5.65%$541.16
93,750 at 5.66%$541.75
93,750 at 5.67%$542.34
93,750 at 5.68%$542.94
93,750 at 5.69%$543.53
93,750 at 5.7%$544.13
93,750 at 5.71%$544.72
93,750 at 5.72%$545.31
93,750 at 5.73%$545.91
93,750 at 5.74%$546.50
93,750 at 5.75%$547.10
93,750 at 5.76%$547.70
93,750 at 5.77%$548.29
93,750 at 5.78%$548.89
93,750 at 5.79%$549.48
93,750 at 5.8%$550.08
93,750 at 5.81%$550.68
93,750 at 5.82%$551.28
93,750 at 5.83%$551.87
93,750 at 5.84%$552.47
93,750 at 5.85%$553.07
93,750 at 5.86%$553.67
93,750 at 5.87%$554.27
93,750 at 5.88%$554.87
93,750 at 5.89%$555.47
93,750 at 5.9%$556.07
93,750 at 5.91%$556.67
93,750 at 5.92%$557.27
93,750 at 5.93%$557.87
93,750 at 5.94%$558.47
93,750 at 5.95%$559.07
93,750 at 5.96%$559.67
93,750 at 5.97%$560.27
93,750 at 5.98%$560.87
93,750 at 5.99%$561.48
93,750 at 6%$562.08
93,750 at 6.01%$562.68
93,750 at 6.02%$563.28
93,750 at 6.03%$563.89
93,750 at 6.04%$564.49
93,750 at 6.05%$565.10
93,750 at 6.06%$565.70
93,750 at 6.07%$566.30
93,750 at 6.08%$566.91
93,750 at 6.09%$567.51
93,750 at 6.1%$568.12
93,750 at 6.11%$568.73
93,750 at 6.12%$569.33
93,750 at 6.13%$569.94
93,750 at 6.14%$570.54
93,750 at 6.15%$571.15
93,750 at 6.16%$571.76
93,750 at 6.17%$572.37
93,750 at 6.18%$572.97
93,750 at 6.19%$573.58
93,750 at 6.2%$574.19
93,750 at 6.21%$574.80
93,750 at 6.22%$575.41
93,750 at 6.23%$576.02
93,750 at 6.24%$576.63
93,750 at 6.25%$577.23
93,750 at 6.26%$577.84
93,750 at 6.27%$578.45
93,750 at 6.28%$579.07
93,750 at 6.29%$579.68
93,750 at 6.3%$580.29
93,750 at 6.31%$580.90
93,750 at 6.32%$581.51
93,750 at 6.33%$582.12
93,750 at 6.34%$582.73
93,750 at 6.35%$583.35
93,750 at 6.36%$583.96
93,750 at 6.37%$584.57
93,750 at 6.38%$585.18
93,750 at 6.39%$585.80
93,750 at 6.4%$586.41
93,750 at 6.41%$587.03
93,750 at 6.42%$587.64
93,750 at 6.43%$588.25
93,750 at 6.44%$588.87
93,750 at 6.45%$589.48
93,750 at 6.46%$590.10
93,750 at 6.47%$590.72
93,750 at 6.48%$591.33
93,750 at 6.49%$591.95
93,750 at 6.5%$592.56
Interest Rate 30 Year
93,750 at 6.51%$593.18
93,750 at 6.52%$593.80
93,750 at 6.53%$594.41
93,750 at 6.54%$595.03
93,750 at 6.55%$595.65
93,750 at 6.56%$596.27
93,750 at 6.57%$596.89
93,750 at 6.58%$597.50
93,750 at 6.59%$598.12
93,750 at 6.6%$598.74
93,750 at 6.61%$599.36
93,750 at 6.62%$599.98
93,750 at 6.63%$600.60
93,750 at 6.64%$601.22
93,750 at 6.65%$601.84
93,750 at 6.66%$602.46
93,750 at 6.67%$603.08
93,750 at 6.68%$603.70
93,750 at 6.69%$604.33
93,750 at 6.7%$604.95
93,750 at 6.71%$605.57
93,750 at 6.72%$606.19
93,750 at 6.73%$606.81
93,750 at 6.74%$607.44
93,750 at 6.75%$608.06
93,750 at 6.76%$608.68
93,750 at 6.77%$609.31
93,750 at 6.78%$609.93
93,750 at 6.79%$610.56
93,750 at 6.8%$611.18
93,750 at 6.81%$611.80
93,750 at 6.82%$612.43
93,750 at 6.83%$613.05
93,750 at 6.84%$613.68
93,750 at 6.85%$614.31
93,750 at 6.86%$614.93
93,750 at 6.87%$615.56
93,750 at 6.88%$616.18
93,750 at 6.89%$616.81
93,750 at 6.9%$617.44
93,750 at 6.91%$618.06
93,750 at 6.92%$618.69
93,750 at 6.93%$619.32
93,750 at 6.94%$619.95
93,750 at 6.95%$620.58
93,750 at 6.96%$621.20
93,750 at 6.97%$621.83
93,750 at 6.98%$622.46
93,750 at 6.99%$623.09
93,750 at 7%$623.72
93,750 at 7.01%$624.35
93,750 at 7.02%$624.98
93,750 at 7.03%$625.61
93,750 at 7.04%$626.24
93,750 at 7.05%$626.87
93,750 at 7.06%$627.50
93,750 at 7.07%$628.13
93,750 at 7.08%$628.77
93,750 at 7.09%$629.40
93,750 at 7.1%$630.03
93,750 at 7.11%$630.66
93,750 at 7.12%$631.29
93,750 at 7.13%$631.93
93,750 at 7.14%$632.56
93,750 at 7.15%$633.19
93,750 at 7.16%$633.83
93,750 at 7.17%$634.46
93,750 at 7.18%$635.10
93,750 at 7.19%$635.73
93,750 at 7.2%$636.36
93,750 at 7.21%$637.00
93,750 at 7.22%$637.63
93,750 at 7.23%$638.27
93,750 at 7.24%$638.90
93,750 at 7.25%$639.54
93,750 at 7.26%$640.18
93,750 at 7.27%$640.81
93,750 at 7.28%$641.45
93,750 at 7.29%$642.09
93,750 at 7.3%$642.72
93,750 at 7.31%$643.36
93,750 at 7.32%$644.00
93,750 at 7.33%$644.64
93,750 at 7.34%$645.27
93,750 at 7.35%$645.91
93,750 at 7.36%$646.55
93,750 at 7.37%$647.19
93,750 at 7.38%$647.83
93,750 at 7.39%$648.47
93,750 at 7.4%$649.11
93,750 at 7.41%$649.75
93,750 at 7.42%$650.39
93,750 at 7.43%$651.03
93,750 at 7.44%$651.67
93,750 at 7.45%$652.31
93,750 at 7.46%$652.95
93,750 at 7.47%$653.59
93,750 at 7.48%$654.23
93,750 at 7.49%$654.87
93,750 at 7.5%$655.51
93,750 at 7.51%$656.16
93,750 at 7.52%$656.80
93,750 at 7.53%$657.44
93,750 at 7.54%$658.08
93,750 at 7.55%$658.73
93,750 at 7.56%$659.37
93,750 at 7.57%$660.01
93,750 at 7.58%$660.66
93,750 at 7.59%$661.30
93,750 at 7.6%$661.95
93,750 at 7.61%$662.59
93,750 at 7.62%$663.23
93,750 at 7.63%$663.88
93,750 at 7.64%$664.52
93,750 at 7.65%$665.17
93,750 at 7.66%$665.82
93,750 at 7.67%$666.46
93,750 at 7.68%$667.11
93,750 at 7.69%$667.75
93,750 at 7.7%$668.40
93,750 at 7.71%$669.05
93,750 at 7.72%$669.69
93,750 at 7.73%$670.34
93,750 at 7.74%$670.99
93,750 at 7.75%$671.64
93,750 at 7.76%$672.28
93,750 at 7.77%$672.93
93,750 at 7.78%$673.58
93,750 at 7.79%$674.23
93,750 at 7.8%$674.88
93,750 at 7.81%$675.53
93,750 at 7.82%$676.18
93,750 at 7.83%$676.83
93,750 at 7.84%$677.48
93,750 at 7.85%$678.13
93,750 at 7.86%$678.78
93,750 at 7.87%$679.43
93,750 at 7.88%$680.08
93,750 at 7.89%$680.73
93,750 at 7.9%$681.38
93,750 at 7.91%$682.03
93,750 at 7.92%$682.68
93,750 at 7.93%$683.33
93,750 at 7.94%$683.99
93,750 at 7.95%$684.64
93,750 at 7.96%$685.29
93,750 at 7.97%$685.94
93,750 at 7.98%$686.60
93,750 at 7.99%$687.25
93,750 at 8%$687.90
More Amounts
What is the down payment for a $93,750 house? How much do you need to put down?
Percent Down Down Payment
1%938
2%1,875
3%2,813
4%3,750
5%4,688
6%5,625
7%6,563
8%7,500
9%8,438
10%9,375
11%10,313
12%11,250
13%12,188
14%13,125
15%14,063
16%15,000
17%15,938
18%16,875
19%17,813
20%18,750
Percent Down Down Payment
21%19,688
22%20,625
23%21,563
24%22,500
25%23,438
26%24,375
27%25,313
28%26,250
29%27,188
30%28,125
31%29,063
32%30,000
33%30,938
34%31,875
35%32,813
36%33,750
37%34,688
38%35,625
39%36,563
40%37,500
Percent Down Down Payment
41%38,438
42%39,375
43%40,313
44%41,250
45%42,188
46%43,125
47%44,063
48%45,000
49%45,938
50%46,875
51%47,813
52%48,750
53%49,688
54%50,625
55%51,563
56%52,500
57%53,438
58%54,375
59%55,313
60%56,250
Percent Down Down Payment
61%57,188
62%58,125
63%59,063
64%60,000
65%60,938
66%61,875
67%62,813
68%63,750
69%64,688
70%65,625
71%66,563
72%67,500
73%68,438
74%69,375
75%70,313
76%71,250
77%72,188
78%73,125
79%74,063
80%75,000
Percent Down Down Payment
81%75,938
82%76,875
83%77,813
84%78,750
85%79,688
86%80,625
87%81,563
88%82,500
89%83,438
90%84,375
91%85,313
92%86,250
93%87,188
94%88,125
95%89,063
96%90,000
97%90,938
98%91,875
99%92,813
100%93,750
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.