$103,250 Mortgage for 30 Years

What is the monthly payment of a 103,250 dollar loan?
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Loan Tables for a $103,250 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 $103,250 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
103,250 at 2.01%$382.15
103,250 at 2.02%$382.67
103,250 at 2.03%$383.18
103,250 at 2.04%$383.70
103,250 at 2.05%$384.22
103,250 at 2.06%$384.74
103,250 at 2.07%$385.26
103,250 at 2.08%$385.78
103,250 at 2.09%$386.30
103,250 at 2.1%$386.82
103,250 at 2.11%$387.34
103,250 at 2.12%$387.86
103,250 at 2.13%$388.38
103,250 at 2.14%$388.90
103,250 at 2.15%$389.42
103,250 at 2.16%$389.95
103,250 at 2.17%$390.47
103,250 at 2.18%$390.99
103,250 at 2.19%$391.52
103,250 at 2.2%$392.04
103,250 at 2.21%$392.57
103,250 at 2.22%$393.09
103,250 at 2.23%$393.62
103,250 at 2.24%$394.14
103,250 at 2.25%$394.67
103,250 at 2.26%$395.20
103,250 at 2.27%$395.72
103,250 at 2.28%$396.25
103,250 at 2.29%$396.78
103,250 at 2.3%$397.31
103,250 at 2.31%$397.84
103,250 at 2.32%$398.37
103,250 at 2.33%$398.90
103,250 at 2.34%$399.43
103,250 at 2.35%$399.96
103,250 at 2.36%$400.49
103,250 at 2.37%$401.02
103,250 at 2.38%$401.55
103,250 at 2.39%$402.08
103,250 at 2.4%$402.61
103,250 at 2.41%$403.15
103,250 at 2.42%$403.68
103,250 at 2.43%$404.21
103,250 at 2.44%$404.75
103,250 at 2.45%$405.28
103,250 at 2.46%$405.82
103,250 at 2.47%$406.35
103,250 at 2.48%$406.89
103,250 at 2.49%$407.43
103,250 at 2.5%$407.96
103,250 at 2.51%$408.50
103,250 at 2.52%$409.04
103,250 at 2.53%$409.57
103,250 at 2.54%$410.11
103,250 at 2.55%$410.65
103,250 at 2.56%$411.19
103,250 at 2.57%$411.73
103,250 at 2.58%$412.27
103,250 at 2.59%$412.81
103,250 at 2.6%$413.35
103,250 at 2.61%$413.89
103,250 at 2.62%$414.43
103,250 at 2.63%$414.98
103,250 at 2.64%$415.52
103,250 at 2.65%$416.06
103,250 at 2.66%$416.60
103,250 at 2.67%$417.15
103,250 at 2.68%$417.69
103,250 at 2.69%$418.23
103,250 at 2.7%$418.78
103,250 at 2.71%$419.32
103,250 at 2.72%$419.87
103,250 at 2.73%$420.42
103,250 at 2.74%$420.96
103,250 at 2.75%$421.51
103,250 at 2.76%$422.06
103,250 at 2.77%$422.60
103,250 at 2.78%$423.15
103,250 at 2.79%$423.70
103,250 at 2.8%$424.25
103,250 at 2.81%$424.80
103,250 at 2.82%$425.35
103,250 at 2.83%$425.90
103,250 at 2.84%$426.45
103,250 at 2.85%$427.00
103,250 at 2.86%$427.55
103,250 at 2.87%$428.10
103,250 at 2.88%$428.65
103,250 at 2.89%$429.20
103,250 at 2.9%$429.76
103,250 at 2.91%$430.31
103,250 at 2.92%$430.86
103,250 at 2.93%$431.42
103,250 at 2.94%$431.97
103,250 at 2.95%$432.53
103,250 at 2.96%$433.08
103,250 at 2.97%$433.64
103,250 at 2.98%$434.19
103,250 at 2.99%$434.75
103,250 at 3%$435.31
103,250 at 3.01%$435.86
103,250 at 3.02%$436.42
103,250 at 3.03%$436.98
103,250 at 3.04%$437.54
103,250 at 3.05%$438.10
103,250 at 3.06%$438.65
103,250 at 3.07%$439.21
103,250 at 3.08%$439.77
103,250 at 3.09%$440.33
103,250 at 3.1%$440.89
103,250 at 3.11%$441.46
103,250 at 3.12%$442.02
103,250 at 3.13%$442.58
103,250 at 3.14%$443.14
103,250 at 3.15%$443.70
103,250 at 3.16%$444.27
103,250 at 3.17%$444.83
103,250 at 3.18%$445.39
103,250 at 3.19%$445.96
103,250 at 3.2%$446.52
103,250 at 3.21%$447.09
103,250 at 3.22%$447.65
103,250 at 3.23%$448.22
103,250 at 3.24%$448.78
103,250 at 3.25%$449.35
103,250 at 3.26%$449.92
103,250 at 3.27%$450.48
103,250 at 3.28%$451.05
103,250 at 3.29%$451.62
103,250 at 3.3%$452.19
103,250 at 3.31%$452.76
103,250 at 3.32%$453.33
103,250 at 3.33%$453.90
103,250 at 3.34%$454.47
103,250 at 3.35%$455.04
103,250 at 3.36%$455.61
103,250 at 3.37%$456.18
103,250 at 3.38%$456.75
103,250 at 3.39%$457.32
103,250 at 3.4%$457.89
103,250 at 3.41%$458.47
103,250 at 3.42%$459.04
103,250 at 3.43%$459.61
103,250 at 3.44%$460.19
103,250 at 3.45%$460.76
103,250 at 3.46%$461.34
103,250 at 3.47%$461.91
103,250 at 3.48%$462.49
103,250 at 3.49%$463.06
103,250 at 3.5%$463.64
Interest Rate 30 Year
103,250 at 3.51%$464.22
103,250 at 3.52%$464.79
103,250 at 3.53%$465.37
103,250 at 3.54%$465.95
103,250 at 3.55%$466.53
103,250 at 3.56%$467.10
103,250 at 3.57%$467.68
103,250 at 3.58%$468.26
103,250 at 3.59%$468.84
103,250 at 3.6%$469.42
103,250 at 3.61%$470.00
103,250 at 3.62%$470.58
103,250 at 3.63%$471.16
103,250 at 3.64%$471.75
103,250 at 3.65%$472.33
103,250 at 3.66%$472.91
103,250 at 3.67%$473.49
103,250 at 3.68%$474.07
103,250 at 3.69%$474.66
103,250 at 3.7%$475.24
103,250 at 3.71%$475.83
103,250 at 3.72%$476.41
103,250 at 3.73%$477.00
103,250 at 3.74%$477.58
103,250 at 3.75%$478.17
103,250 at 3.76%$478.75
103,250 at 3.77%$479.34
103,250 at 3.78%$479.93
103,250 at 3.79%$480.51
103,250 at 3.8%$481.10
103,250 at 3.81%$481.69
103,250 at 3.82%$482.28
103,250 at 3.83%$482.87
103,250 at 3.84%$483.46
103,250 at 3.85%$484.04
103,250 at 3.86%$484.63
103,250 at 3.87%$485.22
103,250 at 3.88%$485.82
103,250 at 3.89%$486.41
103,250 at 3.9%$487.00
103,250 at 3.91%$487.59
103,250 at 3.92%$488.18
103,250 at 3.93%$488.77
103,250 at 3.94%$489.37
103,250 at 3.95%$489.96
103,250 at 3.96%$490.55
103,250 at 3.97%$491.15
103,250 at 3.98%$491.74
103,250 at 3.99%$492.34
103,250 at 4%$492.93
103,250 at 4.01%$493.53
103,250 at 4.02%$494.12
103,250 at 4.03%$494.72
103,250 at 4.04%$495.32
103,250 at 4.05%$495.91
103,250 at 4.06%$496.51
103,250 at 4.07%$497.11
103,250 at 4.08%$497.71
103,250 at 4.09%$498.30
103,250 at 4.1%$498.90
103,250 at 4.11%$499.50
103,250 at 4.12%$500.10
103,250 at 4.13%$500.70
103,250 at 4.14%$501.30
103,250 at 4.15%$501.90
103,250 at 4.16%$502.50
103,250 at 4.17%$503.10
103,250 at 4.18%$503.71
103,250 at 4.19%$504.31
103,250 at 4.2%$504.91
103,250 at 4.21%$505.51
103,250 at 4.22%$506.12
103,250 at 4.23%$506.72
103,250 at 4.24%$507.32
103,250 at 4.25%$507.93
103,250 at 4.26%$508.53
103,250 at 4.27%$509.14
103,250 at 4.28%$509.74
103,250 at 4.29%$510.35
103,250 at 4.3%$510.95
103,250 at 4.31%$511.56
103,250 at 4.32%$512.17
103,250 at 4.33%$512.78
103,250 at 4.34%$513.38
103,250 at 4.35%$513.99
103,250 at 4.36%$514.60
103,250 at 4.37%$515.21
103,250 at 4.38%$515.82
103,250 at 4.39%$516.43
103,250 at 4.4%$517.04
103,250 at 4.41%$517.65
103,250 at 4.42%$518.26
103,250 at 4.43%$518.87
103,250 at 4.44%$519.48
103,250 at 4.45%$520.09
103,250 at 4.46%$520.70
103,250 at 4.47%$521.31
103,250 at 4.48%$521.93
103,250 at 4.49%$522.54
103,250 at 4.5%$523.15
103,250 at 4.51%$523.77
103,250 at 4.52%$524.38
103,250 at 4.53%$524.99
103,250 at 4.54%$525.61
103,250 at 4.55%$526.22
103,250 at 4.56%$526.84
103,250 at 4.57%$527.46
103,250 at 4.58%$528.07
103,250 at 4.59%$528.69
103,250 at 4.6%$529.31
103,250 at 4.61%$529.92
103,250 at 4.62%$530.54
103,250 at 4.63%$531.16
103,250 at 4.64%$531.78
103,250 at 4.65%$532.40
103,250 at 4.66%$533.01
103,250 at 4.67%$533.63
103,250 at 4.68%$534.25
103,250 at 4.69%$534.87
103,250 at 4.7%$535.49
103,250 at 4.71%$536.11
103,250 at 4.72%$536.74
103,250 at 4.73%$537.36
103,250 at 4.74%$537.98
103,250 at 4.75%$538.60
103,250 at 4.76%$539.22
103,250 at 4.77%$539.85
103,250 at 4.78%$540.47
103,250 at 4.79%$541.09
103,250 at 4.8%$541.72
103,250 at 4.81%$542.34
103,250 at 4.82%$542.97
103,250 at 4.83%$543.59
103,250 at 4.84%$544.22
103,250 at 4.85%$544.84
103,250 at 4.86%$545.47
103,250 at 4.87%$546.09
103,250 at 4.88%$546.72
103,250 at 4.89%$547.35
103,250 at 4.9%$547.98
103,250 at 4.91%$548.60
103,250 at 4.92%$549.23
103,250 at 4.93%$549.86
103,250 at 4.94%$550.49
103,250 at 4.95%$551.12
103,250 at 4.96%$551.75
103,250 at 4.97%$552.38
103,250 at 4.98%$553.01
103,250 at 4.99%$553.64
103,250 at 5%$554.27
Interest Rate 30 Year
103,250 at 5.01%$554.90
103,250 at 5.02%$555.53
103,250 at 5.03%$556.16
103,250 at 5.04%$556.80
103,250 at 5.05%$557.43
103,250 at 5.06%$558.06
103,250 at 5.07%$558.69
103,250 at 5.08%$559.33
103,250 at 5.09%$559.96
103,250 at 5.1%$560.60
103,250 at 5.11%$561.23
103,250 at 5.12%$561.87
103,250 at 5.13%$562.50
103,250 at 5.14%$563.14
103,250 at 5.15%$563.77
103,250 at 5.16%$564.41
103,250 at 5.17%$565.05
103,250 at 5.18%$565.68
103,250 at 5.19%$566.32
103,250 at 5.2%$566.96
103,250 at 5.21%$567.59
103,250 at 5.22%$568.23
103,250 at 5.23%$568.87
103,250 at 5.24%$569.51
103,250 at 5.25%$570.15
103,250 at 5.26%$570.79
103,250 at 5.27%$571.43
103,250 at 5.28%$572.07
103,250 at 5.29%$572.71
103,250 at 5.3%$573.35
103,250 at 5.31%$573.99
103,250 at 5.32%$574.64
103,250 at 5.33%$575.28
103,250 at 5.34%$575.92
103,250 at 5.35%$576.56
103,250 at 5.36%$577.21
103,250 at 5.37%$577.85
103,250 at 5.38%$578.49
103,250 at 5.39%$579.14
103,250 at 5.4%$579.78
103,250 at 5.41%$580.43
103,250 at 5.42%$581.07
103,250 at 5.43%$581.72
103,250 at 5.44%$582.36
103,250 at 5.45%$583.01
103,250 at 5.46%$583.65
103,250 at 5.47%$584.30
103,250 at 5.48%$584.95
103,250 at 5.49%$585.59
103,250 at 5.5%$586.24
103,250 at 5.51%$586.89
103,250 at 5.52%$587.54
103,250 at 5.53%$588.19
103,250 at 5.54%$588.84
103,250 at 5.55%$589.49
103,250 at 5.56%$590.13
103,250 at 5.57%$590.78
103,250 at 5.58%$591.44
103,250 at 5.59%$592.09
103,250 at 5.6%$592.74
103,250 at 5.61%$593.39
103,250 at 5.62%$594.04
103,250 at 5.63%$594.69
103,250 at 5.64%$595.34
103,250 at 5.65%$596.00
103,250 at 5.66%$596.65
103,250 at 5.67%$597.30
103,250 at 5.68%$597.96
103,250 at 5.69%$598.61
103,250 at 5.7%$599.26
103,250 at 5.71%$599.92
103,250 at 5.72%$600.57
103,250 at 5.73%$601.23
103,250 at 5.74%$601.88
103,250 at 5.75%$602.54
103,250 at 5.76%$603.20
103,250 at 5.77%$603.85
103,250 at 5.78%$604.51
103,250 at 5.79%$605.17
103,250 at 5.8%$605.82
103,250 at 5.81%$606.48
103,250 at 5.82%$607.14
103,250 at 5.83%$607.80
103,250 at 5.84%$608.46
103,250 at 5.85%$609.11
103,250 at 5.86%$609.77
103,250 at 5.87%$610.43
103,250 at 5.88%$611.09
103,250 at 5.89%$611.75
103,250 at 5.9%$612.41
103,250 at 5.91%$613.07
103,250 at 5.92%$613.74
103,250 at 5.93%$614.40
103,250 at 5.94%$615.06
103,250 at 5.95%$615.72
103,250 at 5.96%$616.38
103,250 at 5.97%$617.05
103,250 at 5.98%$617.71
103,250 at 5.99%$618.37
103,250 at 6%$619.04
103,250 at 6.01%$619.70
103,250 at 6.02%$620.36
103,250 at 6.03%$621.03
103,250 at 6.04%$621.69
103,250 at 6.05%$622.36
103,250 at 6.06%$623.02
103,250 at 6.07%$623.69
103,250 at 6.08%$624.36
103,250 at 6.09%$625.02
103,250 at 6.1%$625.69
103,250 at 6.11%$626.36
103,250 at 6.12%$627.02
103,250 at 6.13%$627.69
103,250 at 6.14%$628.36
103,250 at 6.15%$629.03
103,250 at 6.16%$629.70
103,250 at 6.17%$630.37
103,250 at 6.18%$631.03
103,250 at 6.19%$631.70
103,250 at 6.2%$632.37
103,250 at 6.21%$633.04
103,250 at 6.22%$633.71
103,250 at 6.23%$634.39
103,250 at 6.24%$635.06
103,250 at 6.25%$635.73
103,250 at 6.26%$636.40
103,250 at 6.27%$637.07
103,250 at 6.28%$637.74
103,250 at 6.29%$638.42
103,250 at 6.3%$639.09
103,250 at 6.31%$639.76
103,250 at 6.32%$640.44
103,250 at 6.33%$641.11
103,250 at 6.34%$641.78
103,250 at 6.35%$642.46
103,250 at 6.36%$643.13
103,250 at 6.37%$643.81
103,250 at 6.38%$644.48
103,250 at 6.39%$645.16
103,250 at 6.4%$645.83
103,250 at 6.41%$646.51
103,250 at 6.42%$647.19
103,250 at 6.43%$647.86
103,250 at 6.44%$648.54
103,250 at 6.45%$649.22
103,250 at 6.46%$649.90
103,250 at 6.47%$650.57
103,250 at 6.48%$651.25
103,250 at 6.49%$651.93
103,250 at 6.5%$652.61
Interest Rate 30 Year
103,250 at 6.51%$653.29
103,250 at 6.52%$653.97
103,250 at 6.53%$654.65
103,250 at 6.54%$655.33
103,250 at 6.55%$656.01
103,250 at 6.56%$656.69
103,250 at 6.57%$657.37
103,250 at 6.58%$658.05
103,250 at 6.59%$658.73
103,250 at 6.6%$659.42
103,250 at 6.61%$660.10
103,250 at 6.62%$660.78
103,250 at 6.63%$661.46
103,250 at 6.64%$662.15
103,250 at 6.65%$662.83
103,250 at 6.66%$663.51
103,250 at 6.67%$664.20
103,250 at 6.68%$664.88
103,250 at 6.69%$665.56
103,250 at 6.7%$666.25
103,250 at 6.71%$666.93
103,250 at 6.72%$667.62
103,250 at 6.73%$668.31
103,250 at 6.74%$668.99
103,250 at 6.75%$669.68
103,250 at 6.76%$670.36
103,250 at 6.77%$671.05
103,250 at 6.78%$671.74
103,250 at 6.79%$672.43
103,250 at 6.8%$673.11
103,250 at 6.81%$673.80
103,250 at 6.82%$674.49
103,250 at 6.83%$675.18
103,250 at 6.84%$675.87
103,250 at 6.85%$676.56
103,250 at 6.86%$677.24
103,250 at 6.87%$677.93
103,250 at 6.88%$678.62
103,250 at 6.89%$679.31
103,250 at 6.9%$680.00
103,250 at 6.91%$680.70
103,250 at 6.92%$681.39
103,250 at 6.93%$682.08
103,250 at 6.94%$682.77
103,250 at 6.95%$683.46
103,250 at 6.96%$684.15
103,250 at 6.97%$684.85
103,250 at 6.98%$685.54
103,250 at 6.99%$686.23
103,250 at 7%$686.92
103,250 at 7.01%$687.62
103,250 at 7.02%$688.31
103,250 at 7.03%$689.01
103,250 at 7.04%$689.70
103,250 at 7.05%$690.40
103,250 at 7.06%$691.09
103,250 at 7.07%$691.79
103,250 at 7.08%$692.48
103,250 at 7.09%$693.18
103,250 at 7.1%$693.87
103,250 at 7.11%$694.57
103,250 at 7.12%$695.27
103,250 at 7.13%$695.96
103,250 at 7.14%$696.66
103,250 at 7.15%$697.36
103,250 at 7.16%$698.06
103,250 at 7.17%$698.75
103,250 at 7.18%$699.45
103,250 at 7.19%$700.15
103,250 at 7.2%$700.85
103,250 at 7.21%$701.55
103,250 at 7.22%$702.25
103,250 at 7.23%$702.95
103,250 at 7.24%$703.65
103,250 at 7.25%$704.35
103,250 at 7.26%$705.05
103,250 at 7.27%$705.75
103,250 at 7.28%$706.45
103,250 at 7.29%$707.15
103,250 at 7.3%$707.85
103,250 at 7.31%$708.55
103,250 at 7.32%$709.26
103,250 at 7.33%$709.96
103,250 at 7.34%$710.66
103,250 at 7.35%$711.36
103,250 at 7.36%$712.07
103,250 at 7.37%$712.77
103,250 at 7.38%$713.47
103,250 at 7.39%$714.18
103,250 at 7.4%$714.88
103,250 at 7.41%$715.59
103,250 at 7.42%$716.29
103,250 at 7.43%$717.00
103,250 at 7.44%$717.70
103,250 at 7.45%$718.41
103,250 at 7.46%$719.11
103,250 at 7.47%$719.82
103,250 at 7.48%$720.53
103,250 at 7.49%$721.23
103,250 at 7.5%$721.94
103,250 at 7.51%$722.65
103,250 at 7.52%$723.35
103,250 at 7.53%$724.06
103,250 at 7.54%$724.77
103,250 at 7.55%$725.48
103,250 at 7.56%$726.19
103,250 at 7.57%$726.89
103,250 at 7.58%$727.60
103,250 at 7.59%$728.31
103,250 at 7.6%$729.02
103,250 at 7.61%$729.73
103,250 at 7.62%$730.44
103,250 at 7.63%$731.15
103,250 at 7.64%$731.86
103,250 at 7.65%$732.57
103,250 at 7.66%$733.28
103,250 at 7.67%$734.00
103,250 at 7.68%$734.71
103,250 at 7.69%$735.42
103,250 at 7.7%$736.13
103,250 at 7.71%$736.84
103,250 at 7.72%$737.56
103,250 at 7.73%$738.27
103,250 at 7.74%$738.98
103,250 at 7.75%$739.70
103,250 at 7.76%$740.41
103,250 at 7.77%$741.12
103,250 at 7.78%$741.84
103,250 at 7.79%$742.55
103,250 at 7.8%$743.27
103,250 at 7.81%$743.98
103,250 at 7.82%$744.70
103,250 at 7.83%$745.41
103,250 at 7.84%$746.13
103,250 at 7.85%$746.84
103,250 at 7.86%$747.56
103,250 at 7.87%$748.28
103,250 at 7.88%$748.99
103,250 at 7.89%$749.71
103,250 at 7.9%$750.43
103,250 at 7.91%$751.14
103,250 at 7.92%$751.86
103,250 at 7.93%$752.58
103,250 at 7.94%$753.30
103,250 at 7.95%$754.02
103,250 at 7.96%$754.73
103,250 at 7.97%$755.45
103,250 at 7.98%$756.17
103,250 at 7.99%$756.89
103,250 at 8%$757.61
More Amounts
What is the down payment for a $103,250 house? How much do you need to put down?
Percent Down Down Payment
1%1,033
2%2,065
3%3,098
4%4,130
5%5,163
6%6,195
7%7,228
8%8,260
9%9,293
10%10,325
11%11,358
12%12,390
13%13,423
14%14,455
15%15,488
16%16,520
17%17,553
18%18,585
19%19,618
20%20,650
Percent Down Down Payment
21%21,683
22%22,715
23%23,748
24%24,780
25%25,813
26%26,845
27%27,878
28%28,910
29%29,943
30%30,975
31%32,008
32%33,040
33%34,073
34%35,105
35%36,138
36%37,170
37%38,203
38%39,235
39%40,268
40%41,300
Percent Down Down Payment
41%42,333
42%43,365
43%44,398
44%45,430
45%46,463
46%47,495
47%48,528
48%49,560
49%50,593
50%51,625
51%52,658
52%53,690
53%54,723
54%55,755
55%56,788
56%57,820
57%58,853
58%59,885
59%60,918
60%61,950
Percent Down Down Payment
61%62,983
62%64,015
63%65,048
64%66,080
65%67,113
66%68,145
67%69,178
68%70,210
69%71,243
70%72,275
71%73,308
72%74,340
73%75,373
74%76,405
75%77,438
76%78,470
77%79,503
78%80,535
79%81,568
80%82,600
Percent Down Down Payment
81%83,633
82%84,665
83%85,698
84%86,730
85%87,763
86%88,795
87%89,828
88%90,860
89%91,893
90%92,925
91%93,958
92%94,990
93%96,023
94%97,055
95%98,088
96%99,120
97%100,153
98%101,185
99%102,218
100%103,250
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.