What is the Average 30 Year Fixed Rate Mortgage Refinance Monthly Payment?
When making the decision to refinance your mortgage to a 30 year fixed rate plan, it is important to first understand the potential difference in monthly payments that can arise from this change. The average 30 year fixed rate mortgage refinance monthly payment is $384 for a property value of $100,000. This puts the average monthly payment for a $200,000 mortgage at just over $768 per month.
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