$102,700 Mortgage for 30 Years

What is the monthly payment of a 102,700 dollar loan?
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Loan Tables for a $102,700 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 103k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $102,700 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
102,700 at 2.01%$380.11
102,700 at 2.02%$380.63
102,700 at 2.03%$381.14
102,700 at 2.04%$381.66
102,700 at 2.05%$382.17
102,700 at 2.06%$382.69
102,700 at 2.07%$383.20
102,700 at 2.08%$383.72
102,700 at 2.09%$384.24
102,700 at 2.1%$384.76
102,700 at 2.11%$385.27
102,700 at 2.12%$385.79
102,700 at 2.13%$386.31
102,700 at 2.14%$386.83
102,700 at 2.15%$387.35
102,700 at 2.16%$387.87
102,700 at 2.17%$388.39
102,700 at 2.18%$388.91
102,700 at 2.19%$389.43
102,700 at 2.2%$389.95
102,700 at 2.21%$390.47
102,700 at 2.22%$391.00
102,700 at 2.23%$391.52
102,700 at 2.24%$392.04
102,700 at 2.25%$392.57
102,700 at 2.26%$393.09
102,700 at 2.27%$393.62
102,700 at 2.28%$394.14
102,700 at 2.29%$394.67
102,700 at 2.3%$395.19
102,700 at 2.31%$395.72
102,700 at 2.32%$396.24
102,700 at 2.33%$396.77
102,700 at 2.34%$397.30
102,700 at 2.35%$397.83
102,700 at 2.36%$398.35
102,700 at 2.37%$398.88
102,700 at 2.38%$399.41
102,700 at 2.39%$399.94
102,700 at 2.4%$400.47
102,700 at 2.41%$401.00
102,700 at 2.42%$401.53
102,700 at 2.43%$402.06
102,700 at 2.44%$402.59
102,700 at 2.45%$403.12
102,700 at 2.46%$403.66
102,700 at 2.47%$404.19
102,700 at 2.48%$404.72
102,700 at 2.49%$405.26
102,700 at 2.5%$405.79
102,700 at 2.51%$406.32
102,700 at 2.52%$406.86
102,700 at 2.53%$407.39
102,700 at 2.54%$407.93
102,700 at 2.55%$408.46
102,700 at 2.56%$409.00
102,700 at 2.57%$409.54
102,700 at 2.58%$410.07
102,700 at 2.59%$410.61
102,700 at 2.6%$411.15
102,700 at 2.61%$411.69
102,700 at 2.62%$412.23
102,700 at 2.63%$412.76
102,700 at 2.64%$413.30
102,700 at 2.65%$413.84
102,700 at 2.66%$414.38
102,700 at 2.67%$414.92
102,700 at 2.68%$415.47
102,700 at 2.69%$416.01
102,700 at 2.7%$416.55
102,700 at 2.71%$417.09
102,700 at 2.72%$417.63
102,700 at 2.73%$418.18
102,700 at 2.74%$418.72
102,700 at 2.75%$419.26
102,700 at 2.76%$419.81
102,700 at 2.77%$420.35
102,700 at 2.78%$420.90
102,700 at 2.79%$421.44
102,700 at 2.8%$421.99
102,700 at 2.81%$422.53
102,700 at 2.82%$423.08
102,700 at 2.83%$423.63
102,700 at 2.84%$424.18
102,700 at 2.85%$424.72
102,700 at 2.86%$425.27
102,700 at 2.87%$425.82
102,700 at 2.88%$426.37
102,700 at 2.89%$426.92
102,700 at 2.9%$427.47
102,700 at 2.91%$428.02
102,700 at 2.92%$428.57
102,700 at 2.93%$429.12
102,700 at 2.94%$429.67
102,700 at 2.95%$430.22
102,700 at 2.96%$430.77
102,700 at 2.97%$431.33
102,700 at 2.98%$431.88
102,700 at 2.99%$432.43
102,700 at 3%$432.99
102,700 at 3.01%$433.54
102,700 at 3.02%$434.10
102,700 at 3.03%$434.65
102,700 at 3.04%$435.21
102,700 at 3.05%$435.76
102,700 at 3.06%$436.32
102,700 at 3.07%$436.87
102,700 at 3.08%$437.43
102,700 at 3.09%$437.99
102,700 at 3.1%$438.55
102,700 at 3.11%$439.10
102,700 at 3.12%$439.66
102,700 at 3.13%$440.22
102,700 at 3.14%$440.78
102,700 at 3.15%$441.34
102,700 at 3.16%$441.90
102,700 at 3.17%$442.46
102,700 at 3.18%$443.02
102,700 at 3.19%$443.58
102,700 at 3.2%$444.14
102,700 at 3.21%$444.71
102,700 at 3.22%$445.27
102,700 at 3.23%$445.83
102,700 at 3.24%$446.39
102,700 at 3.25%$446.96
102,700 at 3.26%$447.52
102,700 at 3.27%$448.08
102,700 at 3.28%$448.65
102,700 at 3.29%$449.21
102,700 at 3.3%$449.78
102,700 at 3.31%$450.35
102,700 at 3.32%$450.91
102,700 at 3.33%$451.48
102,700 at 3.34%$452.05
102,700 at 3.35%$452.61
102,700 at 3.36%$453.18
102,700 at 3.37%$453.75
102,700 at 3.38%$454.32
102,700 at 3.39%$454.89
102,700 at 3.4%$455.46
102,700 at 3.41%$456.02
102,700 at 3.42%$456.59
102,700 at 3.43%$457.17
102,700 at 3.44%$457.74
102,700 at 3.45%$458.31
102,700 at 3.46%$458.88
102,700 at 3.47%$459.45
102,700 at 3.48%$460.02
102,700 at 3.49%$460.60
102,700 at 3.5%$461.17
Interest Rate 30 Year
102,700 at 3.51%$461.74
102,700 at 3.52%$462.32
102,700 at 3.53%$462.89
102,700 at 3.54%$463.47
102,700 at 3.55%$464.04
102,700 at 3.56%$464.62
102,700 at 3.57%$465.19
102,700 at 3.58%$465.77
102,700 at 3.59%$466.34
102,700 at 3.6%$466.92
102,700 at 3.61%$467.50
102,700 at 3.62%$468.08
102,700 at 3.63%$468.65
102,700 at 3.64%$469.23
102,700 at 3.65%$469.81
102,700 at 3.66%$470.39
102,700 at 3.67%$470.97
102,700 at 3.68%$471.55
102,700 at 3.69%$472.13
102,700 at 3.7%$472.71
102,700 at 3.71%$473.29
102,700 at 3.72%$473.87
102,700 at 3.73%$474.45
102,700 at 3.74%$475.04
102,700 at 3.75%$475.62
102,700 at 3.76%$476.20
102,700 at 3.77%$476.79
102,700 at 3.78%$477.37
102,700 at 3.79%$477.95
102,700 at 3.8%$478.54
102,700 at 3.81%$479.12
102,700 at 3.82%$479.71
102,700 at 3.83%$480.29
102,700 at 3.84%$480.88
102,700 at 3.85%$481.47
102,700 at 3.86%$482.05
102,700 at 3.87%$482.64
102,700 at 3.88%$483.23
102,700 at 3.89%$483.82
102,700 at 3.9%$484.40
102,700 at 3.91%$484.99
102,700 at 3.92%$485.58
102,700 at 3.93%$486.17
102,700 at 3.94%$486.76
102,700 at 3.95%$487.35
102,700 at 3.96%$487.94
102,700 at 3.97%$488.53
102,700 at 3.98%$489.12
102,700 at 3.99%$489.71
102,700 at 4%$490.31
102,700 at 4.01%$490.90
102,700 at 4.02%$491.49
102,700 at 4.03%$492.08
102,700 at 4.04%$492.68
102,700 at 4.05%$493.27
102,700 at 4.06%$493.86
102,700 at 4.07%$494.46
102,700 at 4.08%$495.05
102,700 at 4.09%$495.65
102,700 at 4.1%$496.24
102,700 at 4.11%$496.84
102,700 at 4.12%$497.44
102,700 at 4.13%$498.03
102,700 at 4.14%$498.63
102,700 at 4.15%$499.23
102,700 at 4.16%$499.83
102,700 at 4.17%$500.42
102,700 at 4.18%$501.02
102,700 at 4.19%$501.62
102,700 at 4.2%$502.22
102,700 at 4.21%$502.82
102,700 at 4.22%$503.42
102,700 at 4.23%$504.02
102,700 at 4.24%$504.62
102,700 at 4.25%$505.22
102,700 at 4.26%$505.82
102,700 at 4.27%$506.43
102,700 at 4.28%$507.03
102,700 at 4.29%$507.63
102,700 at 4.3%$508.23
102,700 at 4.31%$508.84
102,700 at 4.32%$509.44
102,700 at 4.33%$510.04
102,700 at 4.34%$510.65
102,700 at 4.35%$511.25
102,700 at 4.36%$511.86
102,700 at 4.37%$512.46
102,700 at 4.38%$513.07
102,700 at 4.39%$513.67
102,700 at 4.4%$514.28
102,700 at 4.41%$514.89
102,700 at 4.42%$515.50
102,700 at 4.43%$516.10
102,700 at 4.44%$516.71
102,700 at 4.45%$517.32
102,700 at 4.46%$517.93
102,700 at 4.47%$518.54
102,700 at 4.48%$519.15
102,700 at 4.49%$519.76
102,700 at 4.5%$520.37
102,700 at 4.51%$520.98
102,700 at 4.52%$521.59
102,700 at 4.53%$522.20
102,700 at 4.54%$522.81
102,700 at 4.55%$523.42
102,700 at 4.56%$524.03
102,700 at 4.57%$524.65
102,700 at 4.58%$525.26
102,700 at 4.59%$525.87
102,700 at 4.6%$526.49
102,700 at 4.61%$527.10
102,700 at 4.62%$527.71
102,700 at 4.63%$528.33
102,700 at 4.64%$528.94
102,700 at 4.65%$529.56
102,700 at 4.66%$530.17
102,700 at 4.67%$530.79
102,700 at 4.68%$531.41
102,700 at 4.69%$532.02
102,700 at 4.7%$532.64
102,700 at 4.71%$533.26
102,700 at 4.72%$533.88
102,700 at 4.73%$534.49
102,700 at 4.74%$535.11
102,700 at 4.75%$535.73
102,700 at 4.76%$536.35
102,700 at 4.77%$536.97
102,700 at 4.78%$537.59
102,700 at 4.79%$538.21
102,700 at 4.8%$538.83
102,700 at 4.81%$539.45
102,700 at 4.82%$540.07
102,700 at 4.83%$540.70
102,700 at 4.84%$541.32
102,700 at 4.85%$541.94
102,700 at 4.86%$542.56
102,700 at 4.87%$543.19
102,700 at 4.88%$543.81
102,700 at 4.89%$544.43
102,700 at 4.9%$545.06
102,700 at 4.91%$545.68
102,700 at 4.92%$546.31
102,700 at 4.93%$546.93
102,700 at 4.94%$547.56
102,700 at 4.95%$548.18
102,700 at 4.96%$548.81
102,700 at 4.97%$549.43
102,700 at 4.98%$550.06
102,700 at 4.99%$550.69
102,700 at 5%$551.32
Interest Rate 30 Year
102,700 at 5.01%$551.94
102,700 at 5.02%$552.57
102,700 at 5.03%$553.20
102,700 at 5.04%$553.83
102,700 at 5.05%$554.46
102,700 at 5.06%$555.09
102,700 at 5.07%$555.72
102,700 at 5.08%$556.35
102,700 at 5.09%$556.98
102,700 at 5.1%$557.61
102,700 at 5.11%$558.24
102,700 at 5.12%$558.87
102,700 at 5.13%$559.50
102,700 at 5.14%$560.14
102,700 at 5.15%$560.77
102,700 at 5.16%$561.40
102,700 at 5.17%$562.04
102,700 at 5.18%$562.67
102,700 at 5.19%$563.30
102,700 at 5.2%$563.94
102,700 at 5.21%$564.57
102,700 at 5.22%$565.21
102,700 at 5.23%$565.84
102,700 at 5.24%$566.48
102,700 at 5.25%$567.11
102,700 at 5.26%$567.75
102,700 at 5.27%$568.39
102,700 at 5.28%$569.02
102,700 at 5.29%$569.66
102,700 at 5.3%$570.30
102,700 at 5.31%$570.94
102,700 at 5.32%$571.57
102,700 at 5.33%$572.21
102,700 at 5.34%$572.85
102,700 at 5.35%$573.49
102,700 at 5.36%$574.13
102,700 at 5.37%$574.77
102,700 at 5.38%$575.41
102,700 at 5.39%$576.05
102,700 at 5.4%$576.69
102,700 at 5.41%$577.33
102,700 at 5.42%$577.97
102,700 at 5.43%$578.62
102,700 at 5.44%$579.26
102,700 at 5.45%$579.90
102,700 at 5.46%$580.54
102,700 at 5.47%$581.19
102,700 at 5.48%$581.83
102,700 at 5.49%$582.48
102,700 at 5.5%$583.12
102,700 at 5.51%$583.76
102,700 at 5.52%$584.41
102,700 at 5.53%$585.05
102,700 at 5.54%$585.70
102,700 at 5.55%$586.35
102,700 at 5.56%$586.99
102,700 at 5.57%$587.64
102,700 at 5.58%$588.28
102,700 at 5.59%$588.93
102,700 at 5.6%$589.58
102,700 at 5.61%$590.23
102,700 at 5.62%$590.87
102,700 at 5.63%$591.52
102,700 at 5.64%$592.17
102,700 at 5.65%$592.82
102,700 at 5.66%$593.47
102,700 at 5.67%$594.12
102,700 at 5.68%$594.77
102,700 at 5.69%$595.42
102,700 at 5.7%$596.07
102,700 at 5.71%$596.72
102,700 at 5.72%$597.37
102,700 at 5.73%$598.03
102,700 at 5.74%$598.68
102,700 at 5.75%$599.33
102,700 at 5.76%$599.98
102,700 at 5.77%$600.63
102,700 at 5.78%$601.29
102,700 at 5.79%$601.94
102,700 at 5.8%$602.60
102,700 at 5.81%$603.25
102,700 at 5.82%$603.90
102,700 at 5.83%$604.56
102,700 at 5.84%$605.21
102,700 at 5.85%$605.87
102,700 at 5.86%$606.53
102,700 at 5.87%$607.18
102,700 at 5.88%$607.84
102,700 at 5.89%$608.49
102,700 at 5.9%$609.15
102,700 at 5.91%$609.81
102,700 at 5.92%$610.47
102,700 at 5.93%$611.12
102,700 at 5.94%$611.78
102,700 at 5.95%$612.44
102,700 at 5.96%$613.10
102,700 at 5.97%$613.76
102,700 at 5.98%$614.42
102,700 at 5.99%$615.08
102,700 at 6%$615.74
102,700 at 6.01%$616.40
102,700 at 6.02%$617.06
102,700 at 6.03%$617.72
102,700 at 6.04%$618.38
102,700 at 6.05%$619.04
102,700 at 6.06%$619.71
102,700 at 6.07%$620.37
102,700 at 6.08%$621.03
102,700 at 6.09%$621.69
102,700 at 6.1%$622.36
102,700 at 6.11%$623.02
102,700 at 6.12%$623.68
102,700 at 6.13%$624.35
102,700 at 6.14%$625.01
102,700 at 6.15%$625.68
102,700 at 6.16%$626.34
102,700 at 6.17%$627.01
102,700 at 6.18%$627.67
102,700 at 6.19%$628.34
102,700 at 6.2%$629.01
102,700 at 6.21%$629.67
102,700 at 6.22%$630.34
102,700 at 6.23%$631.01
102,700 at 6.24%$631.67
102,700 at 6.25%$632.34
102,700 at 6.26%$633.01
102,700 at 6.27%$633.68
102,700 at 6.28%$634.35
102,700 at 6.29%$635.02
102,700 at 6.3%$635.69
102,700 at 6.31%$636.35
102,700 at 6.32%$637.02
102,700 at 6.33%$637.69
102,700 at 6.34%$638.37
102,700 at 6.35%$639.04
102,700 at 6.36%$639.71
102,700 at 6.37%$640.38
102,700 at 6.38%$641.05
102,700 at 6.39%$641.72
102,700 at 6.4%$642.39
102,700 at 6.41%$643.07
102,700 at 6.42%$643.74
102,700 at 6.43%$644.41
102,700 at 6.44%$645.09
102,700 at 6.45%$645.76
102,700 at 6.46%$646.43
102,700 at 6.47%$647.11
102,700 at 6.48%$647.78
102,700 at 6.49%$648.46
102,700 at 6.5%$649.13
Interest Rate 30 Year
102,700 at 6.51%$649.81
102,700 at 6.52%$650.49
102,700 at 6.53%$651.16
102,700 at 6.54%$651.84
102,700 at 6.55%$652.51
102,700 at 6.56%$653.19
102,700 at 6.57%$653.87
102,700 at 6.58%$654.55
102,700 at 6.59%$655.22
102,700 at 6.6%$655.90
102,700 at 6.61%$656.58
102,700 at 6.62%$657.26
102,700 at 6.63%$657.94
102,700 at 6.64%$658.62
102,700 at 6.65%$659.30
102,700 at 6.66%$659.98
102,700 at 6.67%$660.66
102,700 at 6.68%$661.34
102,700 at 6.69%$662.02
102,700 at 6.7%$662.70
102,700 at 6.71%$663.38
102,700 at 6.72%$664.06
102,700 at 6.73%$664.75
102,700 at 6.74%$665.43
102,700 at 6.75%$666.11
102,700 at 6.76%$666.79
102,700 at 6.77%$667.48
102,700 at 6.78%$668.16
102,700 at 6.79%$668.84
102,700 at 6.8%$669.53
102,700 at 6.81%$670.21
102,700 at 6.82%$670.90
102,700 at 6.83%$671.58
102,700 at 6.84%$672.27
102,700 at 6.85%$672.95
102,700 at 6.86%$673.64
102,700 at 6.87%$674.32
102,700 at 6.88%$675.01
102,700 at 6.89%$675.70
102,700 at 6.9%$676.38
102,700 at 6.91%$677.07
102,700 at 6.92%$677.76
102,700 at 6.93%$678.44
102,700 at 6.94%$679.13
102,700 at 6.95%$679.82
102,700 at 6.96%$680.51
102,700 at 6.97%$681.20
102,700 at 6.98%$681.89
102,700 at 6.99%$682.58
102,700 at 7%$683.27
102,700 at 7.01%$683.96
102,700 at 7.02%$684.65
102,700 at 7.03%$685.34
102,700 at 7.04%$686.03
102,700 at 7.05%$686.72
102,700 at 7.06%$687.41
102,700 at 7.07%$688.10
102,700 at 7.08%$688.79
102,700 at 7.09%$689.48
102,700 at 7.1%$690.18
102,700 at 7.11%$690.87
102,700 at 7.12%$691.56
102,700 at 7.13%$692.26
102,700 at 7.14%$692.95
102,700 at 7.15%$693.64
102,700 at 7.16%$694.34
102,700 at 7.17%$695.03
102,700 at 7.18%$695.73
102,700 at 7.19%$696.42
102,700 at 7.2%$697.12
102,700 at 7.21%$697.81
102,700 at 7.22%$698.51
102,700 at 7.23%$699.20
102,700 at 7.24%$699.90
102,700 at 7.25%$700.60
102,700 at 7.26%$701.29
102,700 at 7.27%$701.99
102,700 at 7.28%$702.69
102,700 at 7.29%$703.38
102,700 at 7.3%$704.08
102,700 at 7.31%$704.78
102,700 at 7.32%$705.48
102,700 at 7.33%$706.18
102,700 at 7.34%$706.88
102,700 at 7.35%$707.57
102,700 at 7.36%$708.27
102,700 at 7.37%$708.97
102,700 at 7.38%$709.67
102,700 at 7.39%$710.37
102,700 at 7.4%$711.07
102,700 at 7.41%$711.77
102,700 at 7.42%$712.48
102,700 at 7.43%$713.18
102,700 at 7.44%$713.88
102,700 at 7.45%$714.58
102,700 at 7.46%$715.28
102,700 at 7.47%$715.98
102,700 at 7.48%$716.69
102,700 at 7.49%$717.39
102,700 at 7.5%$718.09
102,700 at 7.51%$718.80
102,700 at 7.52%$719.50
102,700 at 7.53%$720.20
102,700 at 7.54%$720.91
102,700 at 7.55%$721.61
102,700 at 7.56%$722.32
102,700 at 7.57%$723.02
102,700 at 7.58%$723.73
102,700 at 7.59%$724.43
102,700 at 7.6%$725.14
102,700 at 7.61%$725.84
102,700 at 7.62%$726.55
102,700 at 7.63%$727.26
102,700 at 7.64%$727.96
102,700 at 7.65%$728.67
102,700 at 7.66%$729.38
102,700 at 7.67%$730.09
102,700 at 7.68%$730.79
102,700 at 7.69%$731.50
102,700 at 7.7%$732.21
102,700 at 7.71%$732.92
102,700 at 7.72%$733.63
102,700 at 7.73%$734.34
102,700 at 7.74%$735.05
102,700 at 7.75%$735.76
102,700 at 7.76%$736.47
102,700 at 7.77%$737.18
102,700 at 7.78%$737.89
102,700 at 7.79%$738.60
102,700 at 7.8%$739.31
102,700 at 7.81%$740.02
102,700 at 7.82%$740.73
102,700 at 7.83%$741.44
102,700 at 7.84%$742.15
102,700 at 7.85%$742.86
102,700 at 7.86%$743.58
102,700 at 7.87%$744.29
102,700 at 7.88%$745.00
102,700 at 7.89%$745.72
102,700 at 7.9%$746.43
102,700 at 7.91%$747.14
102,700 at 7.92%$747.86
102,700 at 7.93%$748.57
102,700 at 7.94%$749.29
102,700 at 7.95%$750.00
102,700 at 7.96%$750.71
102,700 at 7.97%$751.43
102,700 at 7.98%$752.14
102,700 at 7.99%$752.86
102,700 at 8%$753.58
More Amounts
What is the down payment for a $102,700 house? How much do you need to put down?
Percent Down Down Payment
1%1,027
2%2,054
3%3,081
4%4,108
5%5,135
6%6,162
7%7,189
8%8,216
9%9,243
10%10,270
11%11,297
12%12,324
13%13,351
14%14,378
15%15,405
16%16,432
17%17,459
18%18,486
19%19,513
20%20,540
Percent Down Down Payment
21%21,567
22%22,594
23%23,621
24%24,648
25%25,675
26%26,702
27%27,729
28%28,756
29%29,783
30%30,810
31%31,837
32%32,864
33%33,891
34%34,918
35%35,945
36%36,972
37%37,999
38%39,026
39%40,053
40%41,080
Percent Down Down Payment
41%42,107
42%43,134
43%44,161
44%45,188
45%46,215
46%47,242
47%48,269
48%49,296
49%50,323
50%51,350
51%52,377
52%53,404
53%54,431
54%55,458
55%56,485
56%57,512
57%58,539
58%59,566
59%60,593
60%61,620
Percent Down Down Payment
61%62,647
62%63,674
63%64,701
64%65,728
65%66,755
66%67,782
67%68,809
68%69,836
69%70,863
70%71,890
71%72,917
72%73,944
73%74,971
74%75,998
75%77,025
76%78,052
77%79,079
78%80,106
79%81,133
80%82,160
Percent Down Down Payment
81%83,187
82%84,214
83%85,241
84%86,268
85%87,295
86%88,322
87%89,349
88%90,376
89%91,403
90%92,430
91%93,457
92%94,484
93%95,511
94%96,538
95%97,565
96%98,592
97%99,619
98%100,646
99%101,673
100%102,700
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.