$97,850 Mortgage for 30 Years

What is the monthly payment of a 97,850 dollar loan?
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Loan Tables for a $97,850 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 98k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $97,850 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
97,850 at 2.01%$362.16
97,850 at 2.02%$362.65
97,850 at 2.03%$363.14
97,850 at 2.04%$363.63
97,850 at 2.05%$364.12
97,850 at 2.06%$364.62
97,850 at 2.07%$365.11
97,850 at 2.08%$365.60
97,850 at 2.09%$366.09
97,850 at 2.1%$366.59
97,850 at 2.11%$367.08
97,850 at 2.12%$367.57
97,850 at 2.13%$368.07
97,850 at 2.14%$368.56
97,850 at 2.15%$369.06
97,850 at 2.16%$369.55
97,850 at 2.17%$370.05
97,850 at 2.18%$370.54
97,850 at 2.19%$371.04
97,850 at 2.2%$371.54
97,850 at 2.21%$372.03
97,850 at 2.22%$372.53
97,850 at 2.23%$373.03
97,850 at 2.24%$373.53
97,850 at 2.25%$374.03
97,850 at 2.26%$374.53
97,850 at 2.27%$375.03
97,850 at 2.28%$375.53
97,850 at 2.29%$376.03
97,850 at 2.3%$376.53
97,850 at 2.31%$377.03
97,850 at 2.32%$377.53
97,850 at 2.33%$378.03
97,850 at 2.34%$378.54
97,850 at 2.35%$379.04
97,850 at 2.36%$379.54
97,850 at 2.37%$380.04
97,850 at 2.38%$380.55
97,850 at 2.39%$381.05
97,850 at 2.4%$381.56
97,850 at 2.41%$382.06
97,850 at 2.42%$382.57
97,850 at 2.43%$383.07
97,850 at 2.44%$383.58
97,850 at 2.45%$384.09
97,850 at 2.46%$384.59
97,850 at 2.47%$385.10
97,850 at 2.48%$385.61
97,850 at 2.49%$386.12
97,850 at 2.5%$386.63
97,850 at 2.51%$387.13
97,850 at 2.52%$387.64
97,850 at 2.53%$388.15
97,850 at 2.54%$388.66
97,850 at 2.55%$389.17
97,850 at 2.56%$389.69
97,850 at 2.57%$390.20
97,850 at 2.58%$390.71
97,850 at 2.59%$391.22
97,850 at 2.6%$391.73
97,850 at 2.61%$392.25
97,850 at 2.62%$392.76
97,850 at 2.63%$393.27
97,850 at 2.64%$393.79
97,850 at 2.65%$394.30
97,850 at 2.66%$394.81
97,850 at 2.67%$395.33
97,850 at 2.68%$395.85
97,850 at 2.69%$396.36
97,850 at 2.7%$396.88
97,850 at 2.71%$397.39
97,850 at 2.72%$397.91
97,850 at 2.73%$398.43
97,850 at 2.74%$398.95
97,850 at 2.75%$399.46
97,850 at 2.76%$399.98
97,850 at 2.77%$400.50
97,850 at 2.78%$401.02
97,850 at 2.79%$401.54
97,850 at 2.8%$402.06
97,850 at 2.81%$402.58
97,850 at 2.82%$403.10
97,850 at 2.83%$403.62
97,850 at 2.84%$404.14
97,850 at 2.85%$404.67
97,850 at 2.86%$405.19
97,850 at 2.87%$405.71
97,850 at 2.88%$406.23
97,850 at 2.89%$406.76
97,850 at 2.9%$407.28
97,850 at 2.91%$407.81
97,850 at 2.92%$408.33
97,850 at 2.93%$408.85
97,850 at 2.94%$409.38
97,850 at 2.95%$409.91
97,850 at 2.96%$410.43
97,850 at 2.97%$410.96
97,850 at 2.98%$411.48
97,850 at 2.99%$412.01
97,850 at 3%$412.54
97,850 at 3.01%$413.07
97,850 at 3.02%$413.60
97,850 at 3.03%$414.12
97,850 at 3.04%$414.65
97,850 at 3.05%$415.18
97,850 at 3.06%$415.71
97,850 at 3.07%$416.24
97,850 at 3.08%$416.77
97,850 at 3.09%$417.30
97,850 at 3.1%$417.84
97,850 at 3.11%$418.37
97,850 at 3.12%$418.90
97,850 at 3.13%$419.43
97,850 at 3.14%$419.96
97,850 at 3.15%$420.50
97,850 at 3.16%$421.03
97,850 at 3.17%$421.56
97,850 at 3.18%$422.10
97,850 at 3.19%$422.63
97,850 at 3.2%$423.17
97,850 at 3.21%$423.70
97,850 at 3.22%$424.24
97,850 at 3.23%$424.78
97,850 at 3.24%$425.31
97,850 at 3.25%$425.85
97,850 at 3.26%$426.39
97,850 at 3.27%$426.92
97,850 at 3.28%$427.46
97,850 at 3.29%$428.00
97,850 at 3.3%$428.54
97,850 at 3.31%$429.08
97,850 at 3.32%$429.62
97,850 at 3.33%$430.16
97,850 at 3.34%$430.70
97,850 at 3.35%$431.24
97,850 at 3.36%$431.78
97,850 at 3.37%$432.32
97,850 at 3.38%$432.86
97,850 at 3.39%$433.40
97,850 at 3.4%$433.95
97,850 at 3.41%$434.49
97,850 at 3.42%$435.03
97,850 at 3.43%$435.58
97,850 at 3.44%$436.12
97,850 at 3.45%$436.66
97,850 at 3.46%$437.21
97,850 at 3.47%$437.75
97,850 at 3.48%$438.30
97,850 at 3.49%$438.84
97,850 at 3.5%$439.39
Interest Rate 30 Year
97,850 at 3.51%$439.94
97,850 at 3.52%$440.48
97,850 at 3.53%$441.03
97,850 at 3.54%$441.58
97,850 at 3.55%$442.13
97,850 at 3.56%$442.67
97,850 at 3.57%$443.22
97,850 at 3.58%$443.77
97,850 at 3.59%$444.32
97,850 at 3.6%$444.87
97,850 at 3.61%$445.42
97,850 at 3.62%$445.97
97,850 at 3.63%$446.52
97,850 at 3.64%$447.07
97,850 at 3.65%$447.62
97,850 at 3.66%$448.18
97,850 at 3.67%$448.73
97,850 at 3.68%$449.28
97,850 at 3.69%$449.83
97,850 at 3.7%$450.39
97,850 at 3.71%$450.94
97,850 at 3.72%$451.49
97,850 at 3.73%$452.05
97,850 at 3.74%$452.60
97,850 at 3.75%$453.16
97,850 at 3.76%$453.71
97,850 at 3.77%$454.27
97,850 at 3.78%$454.83
97,850 at 3.79%$455.38
97,850 at 3.8%$455.94
97,850 at 3.81%$456.50
97,850 at 3.82%$457.05
97,850 at 3.83%$457.61
97,850 at 3.84%$458.17
97,850 at 3.85%$458.73
97,850 at 3.86%$459.29
97,850 at 3.87%$459.85
97,850 at 3.88%$460.41
97,850 at 3.89%$460.97
97,850 at 3.9%$461.53
97,850 at 3.91%$462.09
97,850 at 3.92%$462.65
97,850 at 3.93%$463.21
97,850 at 3.94%$463.77
97,850 at 3.95%$464.33
97,850 at 3.96%$464.90
97,850 at 3.97%$465.46
97,850 at 3.98%$466.02
97,850 at 3.99%$466.59
97,850 at 4%$467.15
97,850 at 4.01%$467.72
97,850 at 4.02%$468.28
97,850 at 4.03%$468.84
97,850 at 4.04%$469.41
97,850 at 4.05%$469.98
97,850 at 4.06%$470.54
97,850 at 4.07%$471.11
97,850 at 4.08%$471.68
97,850 at 4.09%$472.24
97,850 at 4.1%$472.81
97,850 at 4.11%$473.38
97,850 at 4.12%$473.95
97,850 at 4.13%$474.51
97,850 at 4.14%$475.08
97,850 at 4.15%$475.65
97,850 at 4.16%$476.22
97,850 at 4.17%$476.79
97,850 at 4.18%$477.36
97,850 at 4.19%$477.93
97,850 at 4.2%$478.50
97,850 at 4.21%$479.07
97,850 at 4.22%$479.65
97,850 at 4.23%$480.22
97,850 at 4.24%$480.79
97,850 at 4.25%$481.36
97,850 at 4.26%$481.94
97,850 at 4.27%$482.51
97,850 at 4.28%$483.08
97,850 at 4.29%$483.66
97,850 at 4.3%$484.23
97,850 at 4.31%$484.81
97,850 at 4.32%$485.38
97,850 at 4.33%$485.96
97,850 at 4.34%$486.53
97,850 at 4.35%$487.11
97,850 at 4.36%$487.69
97,850 at 4.37%$488.26
97,850 at 4.38%$488.84
97,850 at 4.39%$489.42
97,850 at 4.4%$489.99
97,850 at 4.41%$490.57
97,850 at 4.42%$491.15
97,850 at 4.43%$491.73
97,850 at 4.44%$492.31
97,850 at 4.45%$492.89
97,850 at 4.46%$493.47
97,850 at 4.47%$494.05
97,850 at 4.48%$494.63
97,850 at 4.49%$495.21
97,850 at 4.5%$495.79
97,850 at 4.51%$496.37
97,850 at 4.52%$496.96
97,850 at 4.53%$497.54
97,850 at 4.54%$498.12
97,850 at 4.55%$498.70
97,850 at 4.56%$499.29
97,850 at 4.57%$499.87
97,850 at 4.58%$500.45
97,850 at 4.59%$501.04
97,850 at 4.6%$501.62
97,850 at 4.61%$502.21
97,850 at 4.62%$502.79
97,850 at 4.63%$503.38
97,850 at 4.64%$503.96
97,850 at 4.65%$504.55
97,850 at 4.66%$505.14
97,850 at 4.67%$505.72
97,850 at 4.68%$506.31
97,850 at 4.69%$506.90
97,850 at 4.7%$507.49
97,850 at 4.71%$508.08
97,850 at 4.72%$508.66
97,850 at 4.73%$509.25
97,850 at 4.74%$509.84
97,850 at 4.75%$510.43
97,850 at 4.76%$511.02
97,850 at 4.77%$511.61
97,850 at 4.78%$512.20
97,850 at 4.79%$512.79
97,850 at 4.8%$513.39
97,850 at 4.81%$513.98
97,850 at 4.82%$514.57
97,850 at 4.83%$515.16
97,850 at 4.84%$515.75
97,850 at 4.85%$516.35
97,850 at 4.86%$516.94
97,850 at 4.87%$517.53
97,850 at 4.88%$518.13
97,850 at 4.89%$518.72
97,850 at 4.9%$519.32
97,850 at 4.91%$519.91
97,850 at 4.92%$520.51
97,850 at 4.93%$521.10
97,850 at 4.94%$521.70
97,850 at 4.95%$522.29
97,850 at 4.96%$522.89
97,850 at 4.97%$523.49
97,850 at 4.98%$524.08
97,850 at 4.99%$524.68
97,850 at 5%$525.28
Interest Rate 30 Year
97,850 at 5.01%$525.88
97,850 at 5.02%$526.48
97,850 at 5.03%$527.08
97,850 at 5.04%$527.67
97,850 at 5.05%$528.27
97,850 at 5.06%$528.87
97,850 at 5.07%$529.47
97,850 at 5.08%$530.07
97,850 at 5.09%$530.68
97,850 at 5.1%$531.28
97,850 at 5.11%$531.88
97,850 at 5.12%$532.48
97,850 at 5.13%$533.08
97,850 at 5.14%$533.68
97,850 at 5.15%$534.29
97,850 at 5.16%$534.89
97,850 at 5.17%$535.49
97,850 at 5.18%$536.10
97,850 at 5.19%$536.70
97,850 at 5.2%$537.30
97,850 at 5.21%$537.91
97,850 at 5.22%$538.51
97,850 at 5.23%$539.12
97,850 at 5.24%$539.73
97,850 at 5.25%$540.33
97,850 at 5.26%$540.94
97,850 at 5.27%$541.54
97,850 at 5.28%$542.15
97,850 at 5.29%$542.76
97,850 at 5.3%$543.37
97,850 at 5.31%$543.97
97,850 at 5.32%$544.58
97,850 at 5.33%$545.19
97,850 at 5.34%$545.80
97,850 at 5.35%$546.41
97,850 at 5.36%$547.02
97,850 at 5.37%$547.63
97,850 at 5.38%$548.24
97,850 at 5.39%$548.85
97,850 at 5.4%$549.46
97,850 at 5.41%$550.07
97,850 at 5.42%$550.68
97,850 at 5.43%$551.29
97,850 at 5.44%$551.90
97,850 at 5.45%$552.52
97,850 at 5.46%$553.13
97,850 at 5.47%$553.74
97,850 at 5.48%$554.35
97,850 at 5.49%$554.97
97,850 at 5.5%$555.58
97,850 at 5.51%$556.20
97,850 at 5.52%$556.81
97,850 at 5.53%$557.42
97,850 at 5.54%$558.04
97,850 at 5.55%$558.66
97,850 at 5.56%$559.27
97,850 at 5.57%$559.89
97,850 at 5.58%$560.50
97,850 at 5.59%$561.12
97,850 at 5.6%$561.74
97,850 at 5.61%$562.35
97,850 at 5.62%$562.97
97,850 at 5.63%$563.59
97,850 at 5.64%$564.21
97,850 at 5.65%$564.83
97,850 at 5.66%$565.44
97,850 at 5.67%$566.06
97,850 at 5.68%$566.68
97,850 at 5.69%$567.30
97,850 at 5.7%$567.92
97,850 at 5.71%$568.54
97,850 at 5.72%$569.16
97,850 at 5.73%$569.78
97,850 at 5.74%$570.40
97,850 at 5.75%$571.03
97,850 at 5.76%$571.65
97,850 at 5.77%$572.27
97,850 at 5.78%$572.89
97,850 at 5.79%$573.51
97,850 at 5.8%$574.14
97,850 at 5.81%$574.76
97,850 at 5.82%$575.38
97,850 at 5.83%$576.01
97,850 at 5.84%$576.63
97,850 at 5.85%$577.26
97,850 at 5.86%$577.88
97,850 at 5.87%$578.51
97,850 at 5.88%$579.13
97,850 at 5.89%$579.76
97,850 at 5.9%$580.38
97,850 at 5.91%$581.01
97,850 at 5.92%$581.64
97,850 at 5.93%$582.26
97,850 at 5.94%$582.89
97,850 at 5.95%$583.52
97,850 at 5.96%$584.15
97,850 at 5.97%$584.77
97,850 at 5.98%$585.40
97,850 at 5.99%$586.03
97,850 at 6%$586.66
97,850 at 6.01%$587.29
97,850 at 6.02%$587.92
97,850 at 6.03%$588.55
97,850 at 6.04%$589.18
97,850 at 6.05%$589.81
97,850 at 6.06%$590.44
97,850 at 6.07%$591.07
97,850 at 6.08%$591.70
97,850 at 6.09%$592.33
97,850 at 6.1%$592.97
97,850 at 6.11%$593.60
97,850 at 6.12%$594.23
97,850 at 6.13%$594.86
97,850 at 6.14%$595.50
97,850 at 6.15%$596.13
97,850 at 6.16%$596.76
97,850 at 6.17%$597.40
97,850 at 6.18%$598.03
97,850 at 6.19%$598.67
97,850 at 6.2%$599.30
97,850 at 6.21%$599.94
97,850 at 6.22%$600.57
97,850 at 6.23%$601.21
97,850 at 6.24%$601.84
97,850 at 6.25%$602.48
97,850 at 6.26%$603.12
97,850 at 6.27%$603.75
97,850 at 6.28%$604.39
97,850 at 6.29%$605.03
97,850 at 6.3%$605.66
97,850 at 6.31%$606.30
97,850 at 6.32%$606.94
97,850 at 6.33%$607.58
97,850 at 6.34%$608.22
97,850 at 6.35%$608.86
97,850 at 6.36%$609.50
97,850 at 6.37%$610.14
97,850 at 6.38%$610.78
97,850 at 6.39%$611.42
97,850 at 6.4%$612.06
97,850 at 6.41%$612.70
97,850 at 6.42%$613.34
97,850 at 6.43%$613.98
97,850 at 6.44%$614.62
97,850 at 6.45%$615.26
97,850 at 6.46%$615.91
97,850 at 6.47%$616.55
97,850 at 6.48%$617.19
97,850 at 6.49%$617.84
97,850 at 6.5%$618.48
Interest Rate 30 Year
97,850 at 6.51%$619.12
97,850 at 6.52%$619.77
97,850 at 6.53%$620.41
97,850 at 6.54%$621.05
97,850 at 6.55%$621.70
97,850 at 6.56%$622.34
97,850 at 6.57%$622.99
97,850 at 6.58%$623.64
97,850 at 6.59%$624.28
97,850 at 6.6%$624.93
97,850 at 6.61%$625.57
97,850 at 6.62%$626.22
97,850 at 6.63%$626.87
97,850 at 6.64%$627.52
97,850 at 6.65%$628.16
97,850 at 6.66%$628.81
97,850 at 6.67%$629.46
97,850 at 6.68%$630.11
97,850 at 6.69%$630.76
97,850 at 6.7%$631.40
97,850 at 6.71%$632.05
97,850 at 6.72%$632.70
97,850 at 6.73%$633.35
97,850 at 6.74%$634.00
97,850 at 6.75%$634.65
97,850 at 6.76%$635.30
97,850 at 6.77%$635.95
97,850 at 6.78%$636.61
97,850 at 6.79%$637.26
97,850 at 6.8%$637.91
97,850 at 6.81%$638.56
97,850 at 6.82%$639.21
97,850 at 6.83%$639.87
97,850 at 6.84%$640.52
97,850 at 6.85%$641.17
97,850 at 6.86%$641.82
97,850 at 6.87%$642.48
97,850 at 6.88%$643.13
97,850 at 6.89%$643.79
97,850 at 6.9%$644.44
97,850 at 6.91%$645.09
97,850 at 6.92%$645.75
97,850 at 6.93%$646.40
97,850 at 6.94%$647.06
97,850 at 6.95%$647.72
97,850 at 6.96%$648.37
97,850 at 6.97%$649.03
97,850 at 6.98%$649.68
97,850 at 6.99%$650.34
97,850 at 7%$651.00
97,850 at 7.01%$651.66
97,850 at 7.02%$652.31
97,850 at 7.03%$652.97
97,850 at 7.04%$653.63
97,850 at 7.05%$654.29
97,850 at 7.06%$654.95
97,850 at 7.07%$655.61
97,850 at 7.08%$656.26
97,850 at 7.09%$656.92
97,850 at 7.1%$657.58
97,850 at 7.11%$658.24
97,850 at 7.12%$658.90
97,850 at 7.13%$659.56
97,850 at 7.14%$660.22
97,850 at 7.15%$660.89
97,850 at 7.16%$661.55
97,850 at 7.17%$662.21
97,850 at 7.18%$662.87
97,850 at 7.19%$663.53
97,850 at 7.2%$664.19
97,850 at 7.21%$664.86
97,850 at 7.22%$665.52
97,850 at 7.23%$666.18
97,850 at 7.24%$666.85
97,850 at 7.25%$667.51
97,850 at 7.26%$668.17
97,850 at 7.27%$668.84
97,850 at 7.28%$669.50
97,850 at 7.29%$670.17
97,850 at 7.3%$670.83
97,850 at 7.31%$671.50
97,850 at 7.32%$672.16
97,850 at 7.33%$672.83
97,850 at 7.34%$673.49
97,850 at 7.35%$674.16
97,850 at 7.36%$674.83
97,850 at 7.37%$675.49
97,850 at 7.38%$676.16
97,850 at 7.39%$676.83
97,850 at 7.4%$677.49
97,850 at 7.41%$678.16
97,850 at 7.42%$678.83
97,850 at 7.43%$679.50
97,850 at 7.44%$680.17
97,850 at 7.45%$680.83
97,850 at 7.46%$681.50
97,850 at 7.47%$682.17
97,850 at 7.48%$682.84
97,850 at 7.49%$683.51
97,850 at 7.5%$684.18
97,850 at 7.51%$684.85
97,850 at 7.52%$685.52
97,850 at 7.53%$686.19
97,850 at 7.54%$686.86
97,850 at 7.55%$687.53
97,850 at 7.56%$688.21
97,850 at 7.57%$688.88
97,850 at 7.58%$689.55
97,850 at 7.59%$690.22
97,850 at 7.6%$690.89
97,850 at 7.61%$691.57
97,850 at 7.62%$692.24
97,850 at 7.63%$692.91
97,850 at 7.64%$693.59
97,850 at 7.65%$694.26
97,850 at 7.66%$694.93
97,850 at 7.67%$695.61
97,850 at 7.68%$696.28
97,850 at 7.69%$696.96
97,850 at 7.7%$697.63
97,850 at 7.71%$698.31
97,850 at 7.72%$698.98
97,850 at 7.73%$699.66
97,850 at 7.74%$700.33
97,850 at 7.75%$701.01
97,850 at 7.76%$701.69
97,850 at 7.77%$702.36
97,850 at 7.78%$703.04
97,850 at 7.79%$703.72
97,850 at 7.8%$704.39
97,850 at 7.81%$705.07
97,850 at 7.82%$705.75
97,850 at 7.83%$706.43
97,850 at 7.84%$707.10
97,850 at 7.85%$707.78
97,850 at 7.86%$708.46
97,850 at 7.87%$709.14
97,850 at 7.88%$709.82
97,850 at 7.89%$710.50
97,850 at 7.9%$711.18
97,850 at 7.91%$711.86
97,850 at 7.92%$712.54
97,850 at 7.93%$713.22
97,850 at 7.94%$713.90
97,850 at 7.95%$714.58
97,850 at 7.96%$715.26
97,850 at 7.97%$715.94
97,850 at 7.98%$716.62
97,850 at 7.99%$717.31
97,850 at 8%$717.99
More Amounts
What is the down payment for a $97,850 house? How much do you need to put down?
Percent Down Down Payment
1%979
2%1,957
3%2,936
4%3,914
5%4,893
6%5,871
7%6,850
8%7,828
9%8,807
10%9,785
11%10,764
12%11,742
13%12,721
14%13,699
15%14,678
16%15,656
17%16,635
18%17,613
19%18,592
20%19,570
Percent Down Down Payment
21%20,549
22%21,527
23%22,506
24%23,484
25%24,463
26%25,441
27%26,420
28%27,398
29%28,377
30%29,355
31%30,334
32%31,312
33%32,291
34%33,269
35%34,248
36%35,226
37%36,205
38%37,183
39%38,162
40%39,140
Percent Down Down Payment
41%40,119
42%41,097
43%42,076
44%43,054
45%44,033
46%45,011
47%45,990
48%46,968
49%47,947
50%48,925
51%49,904
52%50,882
53%51,861
54%52,839
55%53,818
56%54,796
57%55,775
58%56,753
59%57,732
60%58,710
Percent Down Down Payment
61%59,689
62%60,667
63%61,646
64%62,624
65%63,603
66%64,581
67%65,560
68%66,538
69%67,517
70%68,495
71%69,474
72%70,452
73%71,431
74%72,409
75%73,388
76%74,366
77%75,345
78%76,323
79%77,302
80%78,280
Percent Down Down Payment
81%79,259
82%80,237
83%81,216
84%82,194
85%83,173
86%84,151
87%85,130
88%86,108
89%87,087
90%88,065
91%89,044
92%90,022
93%91,001
94%91,979
95%92,958
96%93,936
97%94,915
98%95,893
99%96,872
100%97,850
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.