$104,500 Mortgage for 30 Years

What is the monthly payment of a 104,500 dollar loan?
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Loan Tables for a $104,500 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 105k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $104,500 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
104,500 at 2.01%$386.78
104,500 at 2.02%$387.30
104,500 at 2.03%$387.82
104,500 at 2.04%$388.35
104,500 at 2.05%$388.87
104,500 at 2.06%$389.40
104,500 at 2.07%$389.92
104,500 at 2.08%$390.45
104,500 at 2.09%$390.97
104,500 at 2.1%$391.50
104,500 at 2.11%$392.03
104,500 at 2.12%$392.55
104,500 at 2.13%$393.08
104,500 at 2.14%$393.61
104,500 at 2.15%$394.14
104,500 at 2.16%$394.67
104,500 at 2.17%$395.20
104,500 at 2.18%$395.73
104,500 at 2.19%$396.26
104,500 at 2.2%$396.79
104,500 at 2.21%$397.32
104,500 at 2.22%$397.85
104,500 at 2.23%$398.38
104,500 at 2.24%$398.91
104,500 at 2.25%$399.45
104,500 at 2.26%$399.98
104,500 at 2.27%$400.51
104,500 at 2.28%$401.05
104,500 at 2.29%$401.58
104,500 at 2.3%$402.12
104,500 at 2.31%$402.65
104,500 at 2.32%$403.19
104,500 at 2.33%$403.72
104,500 at 2.34%$404.26
104,500 at 2.35%$404.80
104,500 at 2.36%$405.34
104,500 at 2.37%$405.87
104,500 at 2.38%$406.41
104,500 at 2.39%$406.95
104,500 at 2.4%$407.49
104,500 at 2.41%$408.03
104,500 at 2.42%$408.57
104,500 at 2.43%$409.11
104,500 at 2.44%$409.65
104,500 at 2.45%$410.19
104,500 at 2.46%$410.73
104,500 at 2.47%$411.27
104,500 at 2.48%$411.82
104,500 at 2.49%$412.36
104,500 at 2.5%$412.90
104,500 at 2.51%$413.44
104,500 at 2.52%$413.99
104,500 at 2.53%$414.53
104,500 at 2.54%$415.08
104,500 at 2.55%$415.62
104,500 at 2.56%$416.17
104,500 at 2.57%$416.71
104,500 at 2.58%$417.26
104,500 at 2.59%$417.81
104,500 at 2.6%$418.35
104,500 at 2.61%$418.90
104,500 at 2.62%$419.45
104,500 at 2.63%$420.00
104,500 at 2.64%$420.55
104,500 at 2.65%$421.10
104,500 at 2.66%$421.65
104,500 at 2.67%$422.20
104,500 at 2.68%$422.75
104,500 at 2.69%$423.30
104,500 at 2.7%$423.85
104,500 at 2.71%$424.40
104,500 at 2.72%$424.95
104,500 at 2.73%$425.51
104,500 at 2.74%$426.06
104,500 at 2.75%$426.61
104,500 at 2.76%$427.17
104,500 at 2.77%$427.72
104,500 at 2.78%$428.27
104,500 at 2.79%$428.83
104,500 at 2.8%$429.38
104,500 at 2.81%$429.94
104,500 at 2.82%$430.50
104,500 at 2.83%$431.05
104,500 at 2.84%$431.61
104,500 at 2.85%$432.17
104,500 at 2.86%$432.73
104,500 at 2.87%$433.28
104,500 at 2.88%$433.84
104,500 at 2.89%$434.40
104,500 at 2.9%$434.96
104,500 at 2.91%$435.52
104,500 at 2.92%$436.08
104,500 at 2.93%$436.64
104,500 at 2.94%$437.20
104,500 at 2.95%$437.76
104,500 at 2.96%$438.33
104,500 at 2.97%$438.89
104,500 at 2.98%$439.45
104,500 at 2.99%$440.01
104,500 at 3%$440.58
104,500 at 3.01%$441.14
104,500 at 3.02%$441.70
104,500 at 3.03%$442.27
104,500 at 3.04%$442.83
104,500 at 3.05%$443.40
104,500 at 3.06%$443.96
104,500 at 3.07%$444.53
104,500 at 3.08%$445.10
104,500 at 3.09%$445.66
104,500 at 3.1%$446.23
104,500 at 3.11%$446.80
104,500 at 3.12%$447.37
104,500 at 3.13%$447.94
104,500 at 3.14%$448.51
104,500 at 3.15%$449.08
104,500 at 3.16%$449.64
104,500 at 3.17%$450.21
104,500 at 3.18%$450.79
104,500 at 3.19%$451.36
104,500 at 3.2%$451.93
104,500 at 3.21%$452.50
104,500 at 3.22%$453.07
104,500 at 3.23%$453.64
104,500 at 3.24%$454.22
104,500 at 3.25%$454.79
104,500 at 3.26%$455.36
104,500 at 3.27%$455.94
104,500 at 3.28%$456.51
104,500 at 3.29%$457.09
104,500 at 3.3%$457.66
104,500 at 3.31%$458.24
104,500 at 3.32%$458.81
104,500 at 3.33%$459.39
104,500 at 3.34%$459.97
104,500 at 3.35%$460.55
104,500 at 3.36%$461.12
104,500 at 3.37%$461.70
104,500 at 3.38%$462.28
104,500 at 3.39%$462.86
104,500 at 3.4%$463.44
104,500 at 3.41%$464.02
104,500 at 3.42%$464.60
104,500 at 3.43%$465.18
104,500 at 3.44%$465.76
104,500 at 3.45%$466.34
104,500 at 3.46%$466.92
104,500 at 3.47%$467.50
104,500 at 3.48%$468.09
104,500 at 3.49%$468.67
104,500 at 3.5%$469.25
Interest Rate 30 Year
104,500 at 3.51%$469.84
104,500 at 3.52%$470.42
104,500 at 3.53%$471.00
104,500 at 3.54%$471.59
104,500 at 3.55%$472.17
104,500 at 3.56%$472.76
104,500 at 3.57%$473.34
104,500 at 3.58%$473.93
104,500 at 3.59%$474.52
104,500 at 3.6%$475.10
104,500 at 3.61%$475.69
104,500 at 3.62%$476.28
104,500 at 3.63%$476.87
104,500 at 3.64%$477.46
104,500 at 3.65%$478.05
104,500 at 3.66%$478.63
104,500 at 3.67%$479.22
104,500 at 3.68%$479.81
104,500 at 3.69%$480.40
104,500 at 3.7%$481.00
104,500 at 3.71%$481.59
104,500 at 3.72%$482.18
104,500 at 3.73%$482.77
104,500 at 3.74%$483.36
104,500 at 3.75%$483.96
104,500 at 3.76%$484.55
104,500 at 3.77%$485.14
104,500 at 3.78%$485.74
104,500 at 3.79%$486.33
104,500 at 3.8%$486.93
104,500 at 3.81%$487.52
104,500 at 3.82%$488.12
104,500 at 3.83%$488.71
104,500 at 3.84%$489.31
104,500 at 3.85%$489.90
104,500 at 3.86%$490.50
104,500 at 3.87%$491.10
104,500 at 3.88%$491.70
104,500 at 3.89%$492.29
104,500 at 3.9%$492.89
104,500 at 3.91%$493.49
104,500 at 3.92%$494.09
104,500 at 3.93%$494.69
104,500 at 3.94%$495.29
104,500 at 3.95%$495.89
104,500 at 3.96%$496.49
104,500 at 3.97%$497.09
104,500 at 3.98%$497.69
104,500 at 3.99%$498.30
104,500 at 4%$498.90
104,500 at 4.01%$499.50
104,500 at 4.02%$500.10
104,500 at 4.03%$500.71
104,500 at 4.04%$501.31
104,500 at 4.05%$501.92
104,500 at 4.06%$502.52
104,500 at 4.07%$503.13
104,500 at 4.08%$503.73
104,500 at 4.09%$504.34
104,500 at 4.1%$504.94
104,500 at 4.11%$505.55
104,500 at 4.12%$506.16
104,500 at 4.13%$506.76
104,500 at 4.14%$507.37
104,500 at 4.15%$507.98
104,500 at 4.16%$508.59
104,500 at 4.17%$509.19
104,500 at 4.18%$509.80
104,500 at 4.19%$510.41
104,500 at 4.2%$511.02
104,500 at 4.21%$511.63
104,500 at 4.22%$512.24
104,500 at 4.23%$512.85
104,500 at 4.24%$513.47
104,500 at 4.25%$514.08
104,500 at 4.26%$514.69
104,500 at 4.27%$515.30
104,500 at 4.28%$515.91
104,500 at 4.29%$516.53
104,500 at 4.3%$517.14
104,500 at 4.31%$517.75
104,500 at 4.32%$518.37
104,500 at 4.33%$518.98
104,500 at 4.34%$519.60
104,500 at 4.35%$520.21
104,500 at 4.36%$520.83
104,500 at 4.37%$521.44
104,500 at 4.38%$522.06
104,500 at 4.39%$522.68
104,500 at 4.4%$523.30
104,500 at 4.41%$523.91
104,500 at 4.42%$524.53
104,500 at 4.43%$525.15
104,500 at 4.44%$525.77
104,500 at 4.45%$526.39
104,500 at 4.46%$527.01
104,500 at 4.47%$527.63
104,500 at 4.48%$528.25
104,500 at 4.49%$528.87
104,500 at 4.5%$529.49
104,500 at 4.51%$530.11
104,500 at 4.52%$530.73
104,500 at 4.53%$531.35
104,500 at 4.54%$531.97
104,500 at 4.55%$532.60
104,500 at 4.56%$533.22
104,500 at 4.57%$533.84
104,500 at 4.58%$534.47
104,500 at 4.59%$535.09
104,500 at 4.6%$535.71
104,500 at 4.61%$536.34
104,500 at 4.62%$536.96
104,500 at 4.63%$537.59
104,500 at 4.64%$538.21
104,500 at 4.65%$538.84
104,500 at 4.66%$539.47
104,500 at 4.67%$540.09
104,500 at 4.68%$540.72
104,500 at 4.69%$541.35
104,500 at 4.7%$541.98
104,500 at 4.71%$542.60
104,500 at 4.72%$543.23
104,500 at 4.73%$543.86
104,500 at 4.74%$544.49
104,500 at 4.75%$545.12
104,500 at 4.76%$545.75
104,500 at 4.77%$546.38
104,500 at 4.78%$547.01
104,500 at 4.79%$547.64
104,500 at 4.8%$548.28
104,500 at 4.81%$548.91
104,500 at 4.82%$549.54
104,500 at 4.83%$550.17
104,500 at 4.84%$550.80
104,500 at 4.85%$551.44
104,500 at 4.86%$552.07
104,500 at 4.87%$552.71
104,500 at 4.88%$553.34
104,500 at 4.89%$553.97
104,500 at 4.9%$554.61
104,500 at 4.91%$555.24
104,500 at 4.92%$555.88
104,500 at 4.93%$556.52
104,500 at 4.94%$557.15
104,500 at 4.95%$557.79
104,500 at 4.96%$558.43
104,500 at 4.97%$559.06
104,500 at 4.98%$559.70
104,500 at 4.99%$560.34
104,500 at 5%$560.98
Interest Rate 30 Year
104,500 at 5.01%$561.62
104,500 at 5.02%$562.26
104,500 at 5.03%$562.90
104,500 at 5.04%$563.54
104,500 at 5.05%$564.18
104,500 at 5.06%$564.82
104,500 at 5.07%$565.46
104,500 at 5.08%$566.10
104,500 at 5.09%$566.74
104,500 at 5.1%$567.38
104,500 at 5.11%$568.02
104,500 at 5.12%$568.67
104,500 at 5.13%$569.31
104,500 at 5.14%$569.95
104,500 at 5.15%$570.60
104,500 at 5.16%$571.24
104,500 at 5.17%$571.89
104,500 at 5.18%$572.53
104,500 at 5.19%$573.18
104,500 at 5.2%$573.82
104,500 at 5.21%$574.47
104,500 at 5.22%$575.11
104,500 at 5.23%$575.76
104,500 at 5.24%$576.41
104,500 at 5.25%$577.05
104,500 at 5.26%$577.70
104,500 at 5.27%$578.35
104,500 at 5.28%$579.00
104,500 at 5.29%$579.64
104,500 at 5.3%$580.29
104,500 at 5.31%$580.94
104,500 at 5.32%$581.59
104,500 at 5.33%$582.24
104,500 at 5.34%$582.89
104,500 at 5.35%$583.54
104,500 at 5.36%$584.19
104,500 at 5.37%$584.84
104,500 at 5.38%$585.50
104,500 at 5.39%$586.15
104,500 at 5.4%$586.80
104,500 at 5.41%$587.45
104,500 at 5.42%$588.10
104,500 at 5.43%$588.76
104,500 at 5.44%$589.41
104,500 at 5.45%$590.07
104,500 at 5.46%$590.72
104,500 at 5.47%$591.37
104,500 at 5.48%$592.03
104,500 at 5.49%$592.68
104,500 at 5.5%$593.34
104,500 at 5.51%$594.00
104,500 at 5.52%$594.65
104,500 at 5.53%$595.31
104,500 at 5.54%$595.96
104,500 at 5.55%$596.62
104,500 at 5.56%$597.28
104,500 at 5.57%$597.94
104,500 at 5.58%$598.60
104,500 at 5.59%$599.25
104,500 at 5.6%$599.91
104,500 at 5.61%$600.57
104,500 at 5.62%$601.23
104,500 at 5.63%$601.89
104,500 at 5.64%$602.55
104,500 at 5.65%$603.21
104,500 at 5.66%$603.87
104,500 at 5.67%$604.53
104,500 at 5.68%$605.19
104,500 at 5.69%$605.86
104,500 at 5.7%$606.52
104,500 at 5.71%$607.18
104,500 at 5.72%$607.84
104,500 at 5.73%$608.51
104,500 at 5.74%$609.17
104,500 at 5.75%$609.83
104,500 at 5.76%$610.50
104,500 at 5.77%$611.16
104,500 at 5.78%$611.83
104,500 at 5.79%$612.49
104,500 at 5.8%$613.16
104,500 at 5.81%$613.82
104,500 at 5.82%$614.49
104,500 at 5.83%$615.15
104,500 at 5.84%$615.82
104,500 at 5.85%$616.49
104,500 at 5.86%$617.16
104,500 at 5.87%$617.82
104,500 at 5.88%$618.49
104,500 at 5.89%$619.16
104,500 at 5.9%$619.83
104,500 at 5.91%$620.50
104,500 at 5.92%$621.17
104,500 at 5.93%$621.84
104,500 at 5.94%$622.50
104,500 at 5.95%$623.18
104,500 at 5.96%$623.85
104,500 at 5.97%$624.52
104,500 at 5.98%$625.19
104,500 at 5.99%$625.86
104,500 at 6%$626.53
104,500 at 6.01%$627.20
104,500 at 6.02%$627.87
104,500 at 6.03%$628.55
104,500 at 6.04%$629.22
104,500 at 6.05%$629.89
104,500 at 6.06%$630.57
104,500 at 6.07%$631.24
104,500 at 6.08%$631.92
104,500 at 6.09%$632.59
104,500 at 6.1%$633.26
104,500 at 6.11%$633.94
104,500 at 6.12%$634.62
104,500 at 6.13%$635.29
104,500 at 6.14%$635.97
104,500 at 6.15%$636.64
104,500 at 6.16%$637.32
104,500 at 6.17%$638.00
104,500 at 6.18%$638.67
104,500 at 6.19%$639.35
104,500 at 6.2%$640.03
104,500 at 6.21%$640.71
104,500 at 6.22%$641.39
104,500 at 6.23%$642.07
104,500 at 6.24%$642.74
104,500 at 6.25%$643.42
104,500 at 6.26%$644.10
104,500 at 6.27%$644.78
104,500 at 6.28%$645.46
104,500 at 6.29%$646.15
104,500 at 6.3%$646.83
104,500 at 6.31%$647.51
104,500 at 6.32%$648.19
104,500 at 6.33%$648.87
104,500 at 6.34%$649.55
104,500 at 6.35%$650.24
104,500 at 6.36%$650.92
104,500 at 6.37%$651.60
104,500 at 6.38%$652.29
104,500 at 6.39%$652.97
104,500 at 6.4%$653.65
104,500 at 6.41%$654.34
104,500 at 6.42%$655.02
104,500 at 6.43%$655.71
104,500 at 6.44%$656.39
104,500 at 6.45%$657.08
104,500 at 6.46%$657.76
104,500 at 6.47%$658.45
104,500 at 6.48%$659.14
104,500 at 6.49%$659.82
104,500 at 6.5%$660.51
Interest Rate 30 Year
104,500 at 6.51%$661.20
104,500 at 6.52%$661.89
104,500 at 6.53%$662.57
104,500 at 6.54%$663.26
104,500 at 6.55%$663.95
104,500 at 6.56%$664.64
104,500 at 6.57%$665.33
104,500 at 6.58%$666.02
104,500 at 6.59%$666.71
104,500 at 6.6%$667.40
104,500 at 6.61%$668.09
104,500 at 6.62%$668.78
104,500 at 6.63%$669.47
104,500 at 6.64%$670.16
104,500 at 6.65%$670.85
104,500 at 6.66%$671.55
104,500 at 6.67%$672.24
104,500 at 6.68%$672.93
104,500 at 6.69%$673.62
104,500 at 6.7%$674.32
104,500 at 6.71%$675.01
104,500 at 6.72%$675.70
104,500 at 6.73%$676.40
104,500 at 6.74%$677.09
104,500 at 6.75%$677.79
104,500 at 6.76%$678.48
104,500 at 6.77%$679.17
104,500 at 6.78%$679.87
104,500 at 6.79%$680.57
104,500 at 6.8%$681.26
104,500 at 6.81%$681.96
104,500 at 6.82%$682.65
104,500 at 6.83%$683.35
104,500 at 6.84%$684.05
104,500 at 6.85%$684.75
104,500 at 6.86%$685.44
104,500 at 6.87%$686.14
104,500 at 6.88%$686.84
104,500 at 6.89%$687.54
104,500 at 6.9%$688.24
104,500 at 6.91%$688.94
104,500 at 6.92%$689.64
104,500 at 6.93%$690.34
104,500 at 6.94%$691.04
104,500 at 6.95%$691.74
104,500 at 6.96%$692.44
104,500 at 6.97%$693.14
104,500 at 6.98%$693.84
104,500 at 6.99%$694.54
104,500 at 7%$695.24
104,500 at 7.01%$695.94
104,500 at 7.02%$696.65
104,500 at 7.03%$697.35
104,500 at 7.04%$698.05
104,500 at 7.05%$698.75
104,500 at 7.06%$699.46
104,500 at 7.07%$700.16
104,500 at 7.08%$700.86
104,500 at 7.09%$701.57
104,500 at 7.1%$702.27
104,500 at 7.11%$702.98
104,500 at 7.12%$703.68
104,500 at 7.13%$704.39
104,500 at 7.14%$705.09
104,500 at 7.15%$705.80
104,500 at 7.16%$706.51
104,500 at 7.17%$707.21
104,500 at 7.18%$707.92
104,500 at 7.19%$708.63
104,500 at 7.2%$709.33
104,500 at 7.21%$710.04
104,500 at 7.22%$710.75
104,500 at 7.23%$711.46
104,500 at 7.24%$712.17
104,500 at 7.25%$712.87
104,500 at 7.26%$713.58
104,500 at 7.27%$714.29
104,500 at 7.28%$715.00
104,500 at 7.29%$715.71
104,500 at 7.3%$716.42
104,500 at 7.31%$717.13
104,500 at 7.32%$717.84
104,500 at 7.33%$718.55
104,500 at 7.34%$719.26
104,500 at 7.35%$719.98
104,500 at 7.36%$720.69
104,500 at 7.37%$721.40
104,500 at 7.38%$722.11
104,500 at 7.39%$722.82
104,500 at 7.4%$723.54
104,500 at 7.41%$724.25
104,500 at 7.42%$724.96
104,500 at 7.43%$725.68
104,500 at 7.44%$726.39
104,500 at 7.45%$727.10
104,500 at 7.46%$727.82
104,500 at 7.47%$728.53
104,500 at 7.48%$729.25
104,500 at 7.49%$729.96
104,500 at 7.5%$730.68
104,500 at 7.51%$731.39
104,500 at 7.52%$732.11
104,500 at 7.53%$732.83
104,500 at 7.54%$733.54
104,500 at 7.55%$734.26
104,500 at 7.56%$734.98
104,500 at 7.57%$735.69
104,500 at 7.58%$736.41
104,500 at 7.59%$737.13
104,500 at 7.6%$737.85
104,500 at 7.61%$738.57
104,500 at 7.62%$739.29
104,500 at 7.63%$740.00
104,500 at 7.64%$740.72
104,500 at 7.65%$741.44
104,500 at 7.66%$742.16
104,500 at 7.67%$742.88
104,500 at 7.68%$743.60
104,500 at 7.69%$744.32
104,500 at 7.7%$745.04
104,500 at 7.71%$745.76
104,500 at 7.72%$746.49
104,500 at 7.73%$747.21
104,500 at 7.74%$747.93
104,500 at 7.75%$748.65
104,500 at 7.76%$749.37
104,500 at 7.77%$750.10
104,500 at 7.78%$750.82
104,500 at 7.79%$751.54
104,500 at 7.8%$752.26
104,500 at 7.81%$752.99
104,500 at 7.82%$753.71
104,500 at 7.83%$754.44
104,500 at 7.84%$755.16
104,500 at 7.85%$755.88
104,500 at 7.86%$756.61
104,500 at 7.87%$757.33
104,500 at 7.88%$758.06
104,500 at 7.89%$758.79
104,500 at 7.9%$759.51
104,500 at 7.91%$760.24
104,500 at 7.92%$760.96
104,500 at 7.93%$761.69
104,500 at 7.94%$762.42
104,500 at 7.95%$763.14
104,500 at 7.96%$763.87
104,500 at 7.97%$764.60
104,500 at 7.98%$765.33
104,500 at 7.99%$766.06
104,500 at 8%$766.78
More Amounts
What is the down payment for a $104,500 house? How much do you need to put down?
Percent Down Down Payment
1%1,045
2%2,090
3%3,135
4%4,180
5%5,225
6%6,270
7%7,315
8%8,360
9%9,405
10%10,450
11%11,495
12%12,540
13%13,585
14%14,630
15%15,675
16%16,720
17%17,765
18%18,810
19%19,855
20%20,900
Percent Down Down Payment
21%21,945
22%22,990
23%24,035
24%25,080
25%26,125
26%27,170
27%28,215
28%29,260
29%30,305
30%31,350
31%32,395
32%33,440
33%34,485
34%35,530
35%36,575
36%37,620
37%38,665
38%39,710
39%40,755
40%41,800
Percent Down Down Payment
41%42,845
42%43,890
43%44,935
44%45,980
45%47,025
46%48,070
47%49,115
48%50,160
49%51,205
50%52,250
51%53,295
52%54,340
53%55,385
54%56,430
55%57,475
56%58,520
57%59,565
58%60,610
59%61,655
60%62,700
Percent Down Down Payment
61%63,745
62%64,790
63%65,835
64%66,880
65%67,925
66%68,970
67%70,015
68%71,060
69%72,105
70%73,150
71%74,195
72%75,240
73%76,285
74%77,330
75%78,375
76%79,420
77%80,465
78%81,510
79%82,555
80%83,600
Percent Down Down Payment
81%84,645
82%85,690
83%86,735
84%87,780
85%88,825
86%89,870
87%90,915
88%91,960
89%93,005
90%94,050
91%95,095
92%96,140
93%97,185
94%98,230
95%99,275
96%100,320
97%101,365
98%102,410
99%103,455
100%104,500
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.