$104,750 Mortgage for 30 Years

What is the monthly payment of a 104,750 dollar loan?
$
$
%
%
years
Loan Tables for a $104,750 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 $104,750 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
104,750 at 2.01%$387.70
104,750 at 2.02%$388.22
104,750 at 2.03%$388.75
104,750 at 2.04%$389.28
104,750 at 2.05%$389.80
104,750 at 2.06%$390.33
104,750 at 2.07%$390.85
104,750 at 2.08%$391.38
104,750 at 2.09%$391.91
104,750 at 2.1%$392.44
104,750 at 2.11%$392.96
104,750 at 2.12%$393.49
104,750 at 2.13%$394.02
104,750 at 2.14%$394.55
104,750 at 2.15%$395.08
104,750 at 2.16%$395.61
104,750 at 2.17%$396.14
104,750 at 2.18%$396.67
104,750 at 2.19%$397.20
104,750 at 2.2%$397.74
104,750 at 2.21%$398.27
104,750 at 2.22%$398.80
104,750 at 2.23%$399.34
104,750 at 2.24%$399.87
104,750 at 2.25%$400.40
104,750 at 2.26%$400.94
104,750 at 2.27%$401.47
104,750 at 2.28%$402.01
104,750 at 2.29%$402.54
104,750 at 2.3%$403.08
104,750 at 2.31%$403.62
104,750 at 2.32%$404.15
104,750 at 2.33%$404.69
104,750 at 2.34%$405.23
104,750 at 2.35%$405.77
104,750 at 2.36%$406.30
104,750 at 2.37%$406.84
104,750 at 2.38%$407.38
104,750 at 2.39%$407.92
104,750 at 2.4%$408.46
104,750 at 2.41%$409.00
104,750 at 2.42%$409.55
104,750 at 2.43%$410.09
104,750 at 2.44%$410.63
104,750 at 2.45%$411.17
104,750 at 2.46%$411.71
104,750 at 2.47%$412.26
104,750 at 2.48%$412.80
104,750 at 2.49%$413.34
104,750 at 2.5%$413.89
104,750 at 2.51%$414.43
104,750 at 2.52%$414.98
104,750 at 2.53%$415.52
104,750 at 2.54%$416.07
104,750 at 2.55%$416.62
104,750 at 2.56%$417.16
104,750 at 2.57%$417.71
104,750 at 2.58%$418.26
104,750 at 2.59%$418.81
104,750 at 2.6%$419.36
104,750 at 2.61%$419.90
104,750 at 2.62%$420.45
104,750 at 2.63%$421.00
104,750 at 2.64%$421.55
104,750 at 2.65%$422.10
104,750 at 2.66%$422.66
104,750 at 2.67%$423.21
104,750 at 2.68%$423.76
104,750 at 2.69%$424.31
104,750 at 2.7%$424.86
104,750 at 2.71%$425.42
104,750 at 2.72%$425.97
104,750 at 2.73%$426.52
104,750 at 2.74%$427.08
104,750 at 2.75%$427.63
104,750 at 2.76%$428.19
104,750 at 2.77%$428.74
104,750 at 2.78%$429.30
104,750 at 2.79%$429.86
104,750 at 2.8%$430.41
104,750 at 2.81%$430.97
104,750 at 2.82%$431.53
104,750 at 2.83%$432.08
104,750 at 2.84%$432.64
104,750 at 2.85%$433.20
104,750 at 2.86%$433.76
104,750 at 2.87%$434.32
104,750 at 2.88%$434.88
104,750 at 2.89%$435.44
104,750 at 2.9%$436.00
104,750 at 2.91%$436.56
104,750 at 2.92%$437.12
104,750 at 2.93%$437.69
104,750 at 2.94%$438.25
104,750 at 2.95%$438.81
104,750 at 2.96%$439.37
104,750 at 2.97%$439.94
104,750 at 2.98%$440.50
104,750 at 2.99%$441.07
104,750 at 3%$441.63
104,750 at 3.01%$442.20
104,750 at 3.02%$442.76
104,750 at 3.03%$443.33
104,750 at 3.04%$443.89
104,750 at 3.05%$444.46
104,750 at 3.06%$445.03
104,750 at 3.07%$445.59
104,750 at 3.08%$446.16
104,750 at 3.09%$446.73
104,750 at 3.1%$447.30
104,750 at 3.11%$447.87
104,750 at 3.12%$448.44
104,750 at 3.13%$449.01
104,750 at 3.14%$449.58
104,750 at 3.15%$450.15
104,750 at 3.16%$450.72
104,750 at 3.17%$451.29
104,750 at 3.18%$451.86
104,750 at 3.19%$452.44
104,750 at 3.2%$453.01
104,750 at 3.21%$453.58
104,750 at 3.22%$454.16
104,750 at 3.23%$454.73
104,750 at 3.24%$455.30
104,750 at 3.25%$455.88
104,750 at 3.26%$456.45
104,750 at 3.27%$457.03
104,750 at 3.28%$457.61
104,750 at 3.29%$458.18
104,750 at 3.3%$458.76
104,750 at 3.31%$459.34
104,750 at 3.32%$459.91
104,750 at 3.33%$460.49
104,750 at 3.34%$461.07
104,750 at 3.35%$461.65
104,750 at 3.36%$462.23
104,750 at 3.37%$462.81
104,750 at 3.38%$463.39
104,750 at 3.39%$463.97
104,750 at 3.4%$464.55
104,750 at 3.41%$465.13
104,750 at 3.42%$465.71
104,750 at 3.43%$466.29
104,750 at 3.44%$466.87
104,750 at 3.45%$467.46
104,750 at 3.46%$468.04
104,750 at 3.47%$468.62
104,750 at 3.48%$469.21
104,750 at 3.49%$469.79
104,750 at 3.5%$470.37
Interest Rate 30 Year
104,750 at 3.51%$470.96
104,750 at 3.52%$471.54
104,750 at 3.53%$472.13
104,750 at 3.54%$472.72
104,750 at 3.55%$473.30
104,750 at 3.56%$473.89
104,750 at 3.57%$474.48
104,750 at 3.58%$475.06
104,750 at 3.59%$475.65
104,750 at 3.6%$476.24
104,750 at 3.61%$476.83
104,750 at 3.62%$477.42
104,750 at 3.63%$478.01
104,750 at 3.64%$478.60
104,750 at 3.65%$479.19
104,750 at 3.66%$479.78
104,750 at 3.67%$480.37
104,750 at 3.68%$480.96
104,750 at 3.69%$481.55
104,750 at 3.7%$482.15
104,750 at 3.71%$482.74
104,750 at 3.72%$483.33
104,750 at 3.73%$483.93
104,750 at 3.74%$484.52
104,750 at 3.75%$485.11
104,750 at 3.76%$485.71
104,750 at 3.77%$486.30
104,750 at 3.78%$486.90
104,750 at 3.79%$487.49
104,750 at 3.8%$488.09
104,750 at 3.81%$488.69
104,750 at 3.82%$489.28
104,750 at 3.83%$489.88
104,750 at 3.84%$490.48
104,750 at 3.85%$491.08
104,750 at 3.86%$491.68
104,750 at 3.87%$492.27
104,750 at 3.88%$492.87
104,750 at 3.89%$493.47
104,750 at 3.9%$494.07
104,750 at 3.91%$494.67
104,750 at 3.92%$495.27
104,750 at 3.93%$495.87
104,750 at 3.94%$496.48
104,750 at 3.95%$497.08
104,750 at 3.96%$497.68
104,750 at 3.97%$498.28
104,750 at 3.98%$498.89
104,750 at 3.99%$499.49
104,750 at 4%$500.09
104,750 at 4.01%$500.70
104,750 at 4.02%$501.30
104,750 at 4.03%$501.91
104,750 at 4.04%$502.51
104,750 at 4.05%$503.12
104,750 at 4.06%$503.72
104,750 at 4.07%$504.33
104,750 at 4.08%$504.94
104,750 at 4.09%$505.54
104,750 at 4.1%$506.15
104,750 at 4.11%$506.76
104,750 at 4.12%$507.37
104,750 at 4.13%$507.97
104,750 at 4.14%$508.58
104,750 at 4.15%$509.19
104,750 at 4.16%$509.80
104,750 at 4.17%$510.41
104,750 at 4.18%$511.02
104,750 at 4.19%$511.63
104,750 at 4.2%$512.25
104,750 at 4.21%$512.86
104,750 at 4.22%$513.47
104,750 at 4.23%$514.08
104,750 at 4.24%$514.69
104,750 at 4.25%$515.31
104,750 at 4.26%$515.92
104,750 at 4.27%$516.53
104,750 at 4.28%$517.15
104,750 at 4.29%$517.76
104,750 at 4.3%$518.38
104,750 at 4.31%$518.99
104,750 at 4.32%$519.61
104,750 at 4.33%$520.22
104,750 at 4.34%$520.84
104,750 at 4.35%$521.46
104,750 at 4.36%$522.07
104,750 at 4.37%$522.69
104,750 at 4.38%$523.31
104,750 at 4.39%$523.93
104,750 at 4.4%$524.55
104,750 at 4.41%$525.17
104,750 at 4.42%$525.79
104,750 at 4.43%$526.40
104,750 at 4.44%$527.03
104,750 at 4.45%$527.65
104,750 at 4.46%$528.27
104,750 at 4.47%$528.89
104,750 at 4.48%$529.51
104,750 at 4.49%$530.13
104,750 at 4.5%$530.75
104,750 at 4.51%$531.38
104,750 at 4.52%$532.00
104,750 at 4.53%$532.62
104,750 at 4.54%$533.25
104,750 at 4.55%$533.87
104,750 at 4.56%$534.49
104,750 at 4.57%$535.12
104,750 at 4.58%$535.74
104,750 at 4.59%$536.37
104,750 at 4.6%$536.99
104,750 at 4.61%$537.62
104,750 at 4.62%$538.25
104,750 at 4.63%$538.87
104,750 at 4.64%$539.50
104,750 at 4.65%$540.13
104,750 at 4.66%$540.76
104,750 at 4.67%$541.39
104,750 at 4.68%$542.01
104,750 at 4.69%$542.64
104,750 at 4.7%$543.27
104,750 at 4.71%$543.90
104,750 at 4.72%$544.53
104,750 at 4.73%$545.16
104,750 at 4.74%$545.79
104,750 at 4.75%$546.43
104,750 at 4.76%$547.06
104,750 at 4.77%$547.69
104,750 at 4.78%$548.32
104,750 at 4.79%$548.95
104,750 at 4.8%$549.59
104,750 at 4.81%$550.22
104,750 at 4.82%$550.85
104,750 at 4.83%$551.49
104,750 at 4.84%$552.12
104,750 at 4.85%$552.76
104,750 at 4.86%$553.39
104,750 at 4.87%$554.03
104,750 at 4.88%$554.66
104,750 at 4.89%$555.30
104,750 at 4.9%$555.94
104,750 at 4.91%$556.57
104,750 at 4.92%$557.21
104,750 at 4.93%$557.85
104,750 at 4.94%$558.49
104,750 at 4.95%$559.12
104,750 at 4.96%$559.76
104,750 at 4.97%$560.40
104,750 at 4.98%$561.04
104,750 at 4.99%$561.68
104,750 at 5%$562.32
Interest Rate 30 Year
104,750 at 5.01%$562.96
104,750 at 5.02%$563.60
104,750 at 5.03%$564.24
104,750 at 5.04%$564.88
104,750 at 5.05%$565.53
104,750 at 5.06%$566.17
104,750 at 5.07%$566.81
104,750 at 5.08%$567.45
104,750 at 5.09%$568.10
104,750 at 5.1%$568.74
104,750 at 5.11%$569.38
104,750 at 5.12%$570.03
104,750 at 5.13%$570.67
104,750 at 5.14%$571.32
104,750 at 5.15%$571.96
104,750 at 5.16%$572.61
104,750 at 5.17%$573.25
104,750 at 5.18%$573.90
104,750 at 5.19%$574.55
104,750 at 5.2%$575.19
104,750 at 5.21%$575.84
104,750 at 5.22%$576.49
104,750 at 5.23%$577.14
104,750 at 5.24%$577.78
104,750 at 5.25%$578.43
104,750 at 5.26%$579.08
104,750 at 5.27%$579.73
104,750 at 5.28%$580.38
104,750 at 5.29%$581.03
104,750 at 5.3%$581.68
104,750 at 5.31%$582.33
104,750 at 5.32%$582.98
104,750 at 5.33%$583.63
104,750 at 5.34%$584.29
104,750 at 5.35%$584.94
104,750 at 5.36%$585.59
104,750 at 5.37%$586.24
104,750 at 5.38%$586.90
104,750 at 5.39%$587.55
104,750 at 5.4%$588.20
104,750 at 5.41%$588.86
104,750 at 5.42%$589.51
104,750 at 5.43%$590.17
104,750 at 5.44%$590.82
104,750 at 5.45%$591.48
104,750 at 5.46%$592.13
104,750 at 5.47%$592.79
104,750 at 5.48%$593.45
104,750 at 5.49%$594.10
104,750 at 5.5%$594.76
104,750 at 5.51%$595.42
104,750 at 5.52%$596.07
104,750 at 5.53%$596.73
104,750 at 5.54%$597.39
104,750 at 5.55%$598.05
104,750 at 5.56%$598.71
104,750 at 5.57%$599.37
104,750 at 5.58%$600.03
104,750 at 5.59%$600.69
104,750 at 5.6%$601.35
104,750 at 5.61%$602.01
104,750 at 5.62%$602.67
104,750 at 5.63%$603.33
104,750 at 5.64%$603.99
104,750 at 5.65%$604.65
104,750 at 5.66%$605.32
104,750 at 5.67%$605.98
104,750 at 5.68%$606.64
104,750 at 5.69%$607.31
104,750 at 5.7%$607.97
104,750 at 5.71%$608.63
104,750 at 5.72%$609.30
104,750 at 5.73%$609.96
104,750 at 5.74%$610.63
104,750 at 5.75%$611.29
104,750 at 5.76%$611.96
104,750 at 5.77%$612.62
104,750 at 5.78%$613.29
104,750 at 5.79%$613.96
104,750 at 5.8%$614.62
104,750 at 5.81%$615.29
104,750 at 5.82%$615.96
104,750 at 5.83%$616.63
104,750 at 5.84%$617.29
104,750 at 5.85%$617.96
104,750 at 5.86%$618.63
104,750 at 5.87%$619.30
104,750 at 5.88%$619.97
104,750 at 5.89%$620.64
104,750 at 5.9%$621.31
104,750 at 5.91%$621.98
104,750 at 5.92%$622.65
104,750 at 5.93%$623.32
104,750 at 5.94%$623.99
104,750 at 5.95%$624.67
104,750 at 5.96%$625.34
104,750 at 5.97%$626.01
104,750 at 5.98%$626.68
104,750 at 5.99%$627.36
104,750 at 6%$628.03
104,750 at 6.01%$628.70
104,750 at 6.02%$629.38
104,750 at 6.03%$630.05
104,750 at 6.04%$630.73
104,750 at 6.05%$631.40
104,750 at 6.06%$632.08
104,750 at 6.07%$632.75
104,750 at 6.08%$633.43
104,750 at 6.09%$634.10
104,750 at 6.1%$634.78
104,750 at 6.11%$635.46
104,750 at 6.12%$636.13
104,750 at 6.13%$636.81
104,750 at 6.14%$637.49
104,750 at 6.15%$638.17
104,750 at 6.16%$638.84
104,750 at 6.17%$639.52
104,750 at 6.18%$640.20
104,750 at 6.19%$640.88
104,750 at 6.2%$641.56
104,750 at 6.21%$642.24
104,750 at 6.22%$642.92
104,750 at 6.23%$643.60
104,750 at 6.24%$644.28
104,750 at 6.25%$644.96
104,750 at 6.26%$645.65
104,750 at 6.27%$646.33
104,750 at 6.28%$647.01
104,750 at 6.29%$647.69
104,750 at 6.3%$648.37
104,750 at 6.31%$649.06
104,750 at 6.32%$649.74
104,750 at 6.33%$650.42
104,750 at 6.34%$651.11
104,750 at 6.35%$651.79
104,750 at 6.36%$652.48
104,750 at 6.37%$653.16
104,750 at 6.38%$653.85
104,750 at 6.39%$654.53
104,750 at 6.4%$655.22
104,750 at 6.41%$655.90
104,750 at 6.42%$656.59
104,750 at 6.43%$657.28
104,750 at 6.44%$657.96
104,750 at 6.45%$658.65
104,750 at 6.46%$659.34
104,750 at 6.47%$660.03
104,750 at 6.48%$660.71
104,750 at 6.49%$661.40
104,750 at 6.5%$662.09
Interest Rate 30 Year
104,750 at 6.51%$662.78
104,750 at 6.52%$663.47
104,750 at 6.53%$664.16
104,750 at 6.54%$664.85
104,750 at 6.55%$665.54
104,750 at 6.56%$666.23
104,750 at 6.57%$666.92
104,750 at 6.58%$667.61
104,750 at 6.59%$668.30
104,750 at 6.6%$669.00
104,750 at 6.61%$669.69
104,750 at 6.62%$670.38
104,750 at 6.63%$671.07
104,750 at 6.64%$671.76
104,750 at 6.65%$672.46
104,750 at 6.66%$673.15
104,750 at 6.67%$673.85
104,750 at 6.68%$674.54
104,750 at 6.69%$675.23
104,750 at 6.7%$675.93
104,750 at 6.71%$676.62
104,750 at 6.72%$677.32
104,750 at 6.73%$678.01
104,750 at 6.74%$678.71
104,750 at 6.75%$679.41
104,750 at 6.76%$680.10
104,750 at 6.77%$680.80
104,750 at 6.78%$681.50
104,750 at 6.79%$682.19
104,750 at 6.8%$682.89
104,750 at 6.81%$683.59
104,750 at 6.82%$684.29
104,750 at 6.83%$684.99
104,750 at 6.84%$685.68
104,750 at 6.85%$686.38
104,750 at 6.86%$687.08
104,750 at 6.87%$687.78
104,750 at 6.88%$688.48
104,750 at 6.89%$689.18
104,750 at 6.9%$689.88
104,750 at 6.91%$690.58
104,750 at 6.92%$691.29
104,750 at 6.93%$691.99
104,750 at 6.94%$692.69
104,750 at 6.95%$693.39
104,750 at 6.96%$694.09
104,750 at 6.97%$694.80
104,750 at 6.98%$695.50
104,750 at 6.99%$696.20
104,750 at 7%$696.90
104,750 at 7.01%$697.61
104,750 at 7.02%$698.31
104,750 at 7.03%$699.02
104,750 at 7.04%$699.72
104,750 at 7.05%$700.43
104,750 at 7.06%$701.13
104,750 at 7.07%$701.84
104,750 at 7.08%$702.54
104,750 at 7.09%$703.25
104,750 at 7.1%$703.95
104,750 at 7.11%$704.66
104,750 at 7.12%$705.37
104,750 at 7.13%$706.07
104,750 at 7.14%$706.78
104,750 at 7.15%$707.49
104,750 at 7.16%$708.20
104,750 at 7.17%$708.90
104,750 at 7.18%$709.61
104,750 at 7.19%$710.32
104,750 at 7.2%$711.03
104,750 at 7.21%$711.74
104,750 at 7.22%$712.45
104,750 at 7.23%$713.16
104,750 at 7.24%$713.87
104,750 at 7.25%$714.58
104,750 at 7.26%$715.29
104,750 at 7.27%$716.00
104,750 at 7.28%$716.71
104,750 at 7.29%$717.42
104,750 at 7.3%$718.14
104,750 at 7.31%$718.85
104,750 at 7.32%$719.56
104,750 at 7.33%$720.27
104,750 at 7.34%$720.99
104,750 at 7.35%$721.70
104,750 at 7.36%$722.41
104,750 at 7.37%$723.13
104,750 at 7.38%$723.84
104,750 at 7.39%$724.55
104,750 at 7.4%$725.27
104,750 at 7.41%$725.98
104,750 at 7.42%$726.70
104,750 at 7.43%$727.41
104,750 at 7.44%$728.13
104,750 at 7.45%$728.84
104,750 at 7.46%$729.56
104,750 at 7.47%$730.28
104,750 at 7.48%$730.99
104,750 at 7.49%$731.71
104,750 at 7.5%$732.43
104,750 at 7.51%$733.14
104,750 at 7.52%$733.86
104,750 at 7.53%$734.58
104,750 at 7.54%$735.30
104,750 at 7.55%$736.02
104,750 at 7.56%$736.74
104,750 at 7.57%$737.45
104,750 at 7.58%$738.17
104,750 at 7.59%$738.89
104,750 at 7.6%$739.61
104,750 at 7.61%$740.33
104,750 at 7.62%$741.05
104,750 at 7.63%$741.77
104,750 at 7.64%$742.50
104,750 at 7.65%$743.22
104,750 at 7.66%$743.94
104,750 at 7.67%$744.66
104,750 at 7.68%$745.38
104,750 at 7.69%$746.10
104,750 at 7.7%$746.83
104,750 at 7.71%$747.55
104,750 at 7.72%$748.27
104,750 at 7.73%$748.99
104,750 at 7.74%$749.72
104,750 at 7.75%$750.44
104,750 at 7.76%$751.17
104,750 at 7.77%$751.89
104,750 at 7.78%$752.61
104,750 at 7.79%$753.34
104,750 at 7.8%$754.06
104,750 at 7.81%$754.79
104,750 at 7.82%$755.52
104,750 at 7.83%$756.24
104,750 at 7.84%$756.97
104,750 at 7.85%$757.69
104,750 at 7.86%$758.42
104,750 at 7.87%$759.15
104,750 at 7.88%$759.87
104,750 at 7.89%$760.60
104,750 at 7.9%$761.33
104,750 at 7.91%$762.06
104,750 at 7.92%$762.78
104,750 at 7.93%$763.51
104,750 at 7.94%$764.24
104,750 at 7.95%$764.97
104,750 at 7.96%$765.70
104,750 at 7.97%$766.43
104,750 at 7.98%$767.16
104,750 at 7.99%$767.89
104,750 at 8%$768.62
More Amounts
What is the down payment for a $104,750 house? How much do you need to put down?
Percent Down Down Payment
1%1,048
2%2,095
3%3,143
4%4,190
5%5,238
6%6,285
7%7,333
8%8,380
9%9,428
10%10,475
11%11,523
12%12,570
13%13,618
14%14,665
15%15,713
16%16,760
17%17,808
18%18,855
19%19,903
20%20,950
Percent Down Down Payment
21%21,998
22%23,045
23%24,093
24%25,140
25%26,188
26%27,235
27%28,283
28%29,330
29%30,378
30%31,425
31%32,473
32%33,520
33%34,568
34%35,615
35%36,663
36%37,710
37%38,758
38%39,805
39%40,853
40%41,900
Percent Down Down Payment
41%42,948
42%43,995
43%45,043
44%46,090
45%47,138
46%48,185
47%49,233
48%50,280
49%51,328
50%52,375
51%53,423
52%54,470
53%55,518
54%56,565
55%57,613
56%58,660
57%59,708
58%60,755
59%61,803
60%62,850
Percent Down Down Payment
61%63,898
62%64,945
63%65,993
64%67,040
65%68,088
66%69,135
67%70,183
68%71,230
69%72,278
70%73,325
71%74,373
72%75,420
73%76,468
74%77,515
75%78,563
76%79,610
77%80,658
78%81,705
79%82,753
80%83,800
Percent Down Down Payment
81%84,848
82%85,895
83%86,943
84%87,990
85%89,038
86%90,085
87%91,133
88%92,180
89%93,228
90%94,275
91%95,323
92%96,370
93%97,418
94%98,465
95%99,513
96%100,560
97%101,608
98%102,655
99%103,703
100%104,750
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.