$104,850 Mortgage for 30 Years

What is the monthly payment of a 104,850 dollar loan?
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Loan Tables for a $104,850 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 $104,850 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
104,850 at 2.01%$388.07
104,850 at 2.02%$388.60
104,850 at 2.03%$389.12
104,850 at 2.04%$389.65
104,850 at 2.05%$390.17
104,850 at 2.06%$390.70
104,850 at 2.07%$391.23
104,850 at 2.08%$391.75
104,850 at 2.09%$392.28
104,850 at 2.1%$392.81
104,850 at 2.11%$393.34
104,850 at 2.12%$393.87
104,850 at 2.13%$394.40
104,850 at 2.14%$394.93
104,850 at 2.15%$395.46
104,850 at 2.16%$395.99
104,850 at 2.17%$396.52
104,850 at 2.18%$397.05
104,850 at 2.19%$397.58
104,850 at 2.2%$398.12
104,850 at 2.21%$398.65
104,850 at 2.22%$399.18
104,850 at 2.23%$399.72
104,850 at 2.24%$400.25
104,850 at 2.25%$400.79
104,850 at 2.26%$401.32
104,850 at 2.27%$401.86
104,850 at 2.28%$402.39
104,850 at 2.29%$402.93
104,850 at 2.3%$403.46
104,850 at 2.31%$404.00
104,850 at 2.32%$404.54
104,850 at 2.33%$405.08
104,850 at 2.34%$405.61
104,850 at 2.35%$406.15
104,850 at 2.36%$406.69
104,850 at 2.37%$407.23
104,850 at 2.38%$407.77
104,850 at 2.39%$408.31
104,850 at 2.4%$408.85
104,850 at 2.41%$409.39
104,850 at 2.42%$409.94
104,850 at 2.43%$410.48
104,850 at 2.44%$411.02
104,850 at 2.45%$411.56
104,850 at 2.46%$412.11
104,850 at 2.47%$412.65
104,850 at 2.48%$413.19
104,850 at 2.49%$413.74
104,850 at 2.5%$414.28
104,850 at 2.51%$414.83
104,850 at 2.52%$415.38
104,850 at 2.53%$415.92
104,850 at 2.54%$416.47
104,850 at 2.55%$417.02
104,850 at 2.56%$417.56
104,850 at 2.57%$418.11
104,850 at 2.58%$418.66
104,850 at 2.59%$419.21
104,850 at 2.6%$419.76
104,850 at 2.61%$420.31
104,850 at 2.62%$420.86
104,850 at 2.63%$421.41
104,850 at 2.64%$421.96
104,850 at 2.65%$422.51
104,850 at 2.66%$423.06
104,850 at 2.67%$423.61
104,850 at 2.68%$424.16
104,850 at 2.69%$424.72
104,850 at 2.7%$425.27
104,850 at 2.71%$425.82
104,850 at 2.72%$426.38
104,850 at 2.73%$426.93
104,850 at 2.74%$427.49
104,850 at 2.75%$428.04
104,850 at 2.76%$428.60
104,850 at 2.77%$429.15
104,850 at 2.78%$429.71
104,850 at 2.79%$430.27
104,850 at 2.8%$430.82
104,850 at 2.81%$431.38
104,850 at 2.82%$431.94
104,850 at 2.83%$432.50
104,850 at 2.84%$433.06
104,850 at 2.85%$433.61
104,850 at 2.86%$434.17
104,850 at 2.87%$434.73
104,850 at 2.88%$435.30
104,850 at 2.89%$435.86
104,850 at 2.9%$436.42
104,850 at 2.91%$436.98
104,850 at 2.92%$437.54
104,850 at 2.93%$438.10
104,850 at 2.94%$438.67
104,850 at 2.95%$439.23
104,850 at 2.96%$439.79
104,850 at 2.97%$440.36
104,850 at 2.98%$440.92
104,850 at 2.99%$441.49
104,850 at 3%$442.05
104,850 at 3.01%$442.62
104,850 at 3.02%$443.18
104,850 at 3.03%$443.75
104,850 at 3.04%$444.32
104,850 at 3.05%$444.88
104,850 at 3.06%$445.45
104,850 at 3.07%$446.02
104,850 at 3.08%$446.59
104,850 at 3.09%$447.16
104,850 at 3.1%$447.73
104,850 at 3.11%$448.30
104,850 at 3.12%$448.87
104,850 at 3.13%$449.44
104,850 at 3.14%$450.01
104,850 at 3.15%$450.58
104,850 at 3.16%$451.15
104,850 at 3.17%$451.72
104,850 at 3.18%$452.30
104,850 at 3.19%$452.87
104,850 at 3.2%$453.44
104,850 at 3.21%$454.02
104,850 at 3.22%$454.59
104,850 at 3.23%$455.16
104,850 at 3.24%$455.74
104,850 at 3.25%$456.31
104,850 at 3.26%$456.89
104,850 at 3.27%$457.47
104,850 at 3.28%$458.04
104,850 at 3.29%$458.62
104,850 at 3.3%$459.20
104,850 at 3.31%$459.77
104,850 at 3.32%$460.35
104,850 at 3.33%$460.93
104,850 at 3.34%$461.51
104,850 at 3.35%$462.09
104,850 at 3.36%$462.67
104,850 at 3.37%$463.25
104,850 at 3.38%$463.83
104,850 at 3.39%$464.41
104,850 at 3.4%$464.99
104,850 at 3.41%$465.57
104,850 at 3.42%$466.15
104,850 at 3.43%$466.74
104,850 at 3.44%$467.32
104,850 at 3.45%$467.90
104,850 at 3.46%$468.49
104,850 at 3.47%$469.07
104,850 at 3.48%$469.65
104,850 at 3.49%$470.24
104,850 at 3.5%$470.82
Interest Rate 30 Year
104,850 at 3.51%$471.41
104,850 at 3.52%$471.99
104,850 at 3.53%$472.58
104,850 at 3.54%$473.17
104,850 at 3.55%$473.75
104,850 at 3.56%$474.34
104,850 at 3.57%$474.93
104,850 at 3.58%$475.52
104,850 at 3.59%$476.11
104,850 at 3.6%$476.70
104,850 at 3.61%$477.29
104,850 at 3.62%$477.87
104,850 at 3.63%$478.46
104,850 at 3.64%$479.06
104,850 at 3.65%$479.65
104,850 at 3.66%$480.24
104,850 at 3.67%$480.83
104,850 at 3.68%$481.42
104,850 at 3.69%$482.01
104,850 at 3.7%$482.61
104,850 at 3.71%$483.20
104,850 at 3.72%$483.79
104,850 at 3.73%$484.39
104,850 at 3.74%$484.98
104,850 at 3.75%$485.58
104,850 at 3.76%$486.17
104,850 at 3.77%$486.77
104,850 at 3.78%$487.36
104,850 at 3.79%$487.96
104,850 at 3.8%$488.56
104,850 at 3.81%$489.15
104,850 at 3.82%$489.75
104,850 at 3.83%$490.35
104,850 at 3.84%$490.95
104,850 at 3.85%$491.55
104,850 at 3.86%$492.14
104,850 at 3.87%$492.74
104,850 at 3.88%$493.34
104,850 at 3.89%$493.94
104,850 at 3.9%$494.54
104,850 at 3.91%$495.14
104,850 at 3.92%$495.75
104,850 at 3.93%$496.35
104,850 at 3.94%$496.95
104,850 at 3.95%$497.55
104,850 at 3.96%$498.16
104,850 at 3.97%$498.76
104,850 at 3.98%$499.36
104,850 at 3.99%$499.97
104,850 at 4%$500.57
104,850 at 4.01%$501.17
104,850 at 4.02%$501.78
104,850 at 4.03%$502.39
104,850 at 4.04%$502.99
104,850 at 4.05%$503.60
104,850 at 4.06%$504.20
104,850 at 4.07%$504.81
104,850 at 4.08%$505.42
104,850 at 4.09%$506.03
104,850 at 4.1%$506.63
104,850 at 4.11%$507.24
104,850 at 4.12%$507.85
104,850 at 4.13%$508.46
104,850 at 4.14%$509.07
104,850 at 4.15%$509.68
104,850 at 4.16%$510.29
104,850 at 4.17%$510.90
104,850 at 4.18%$511.51
104,850 at 4.19%$512.12
104,850 at 4.2%$512.73
104,850 at 4.21%$513.35
104,850 at 4.22%$513.96
104,850 at 4.23%$514.57
104,850 at 4.24%$515.19
104,850 at 4.25%$515.80
104,850 at 4.26%$516.41
104,850 at 4.27%$517.03
104,850 at 4.28%$517.64
104,850 at 4.29%$518.26
104,850 at 4.3%$518.87
104,850 at 4.31%$519.49
104,850 at 4.32%$520.10
104,850 at 4.33%$520.72
104,850 at 4.34%$521.34
104,850 at 4.35%$521.96
104,850 at 4.36%$522.57
104,850 at 4.37%$523.19
104,850 at 4.38%$523.81
104,850 at 4.39%$524.43
104,850 at 4.4%$525.05
104,850 at 4.41%$525.67
104,850 at 4.42%$526.29
104,850 at 4.43%$526.91
104,850 at 4.44%$527.53
104,850 at 4.45%$528.15
104,850 at 4.46%$528.77
104,850 at 4.47%$529.39
104,850 at 4.48%$530.01
104,850 at 4.49%$530.64
104,850 at 4.5%$531.26
104,850 at 4.51%$531.88
104,850 at 4.52%$532.51
104,850 at 4.53%$533.13
104,850 at 4.54%$533.75
104,850 at 4.55%$534.38
104,850 at 4.56%$535.00
104,850 at 4.57%$535.63
104,850 at 4.58%$536.26
104,850 at 4.59%$536.88
104,850 at 4.6%$537.51
104,850 at 4.61%$538.13
104,850 at 4.62%$538.76
104,850 at 4.63%$539.39
104,850 at 4.64%$540.02
104,850 at 4.65%$540.65
104,850 at 4.66%$541.27
104,850 at 4.67%$541.90
104,850 at 4.68%$542.53
104,850 at 4.69%$543.16
104,850 at 4.7%$543.79
104,850 at 4.71%$544.42
104,850 at 4.72%$545.05
104,850 at 4.73%$545.68
104,850 at 4.74%$546.32
104,850 at 4.75%$546.95
104,850 at 4.76%$547.58
104,850 at 4.77%$548.21
104,850 at 4.78%$548.84
104,850 at 4.79%$549.48
104,850 at 4.8%$550.11
104,850 at 4.81%$550.75
104,850 at 4.82%$551.38
104,850 at 4.83%$552.01
104,850 at 4.84%$552.65
104,850 at 4.85%$553.28
104,850 at 4.86%$553.92
104,850 at 4.87%$554.56
104,850 at 4.88%$555.19
104,850 at 4.89%$555.83
104,850 at 4.9%$556.47
104,850 at 4.91%$557.10
104,850 at 4.92%$557.74
104,850 at 4.93%$558.38
104,850 at 4.94%$559.02
104,850 at 4.95%$559.66
104,850 at 4.96%$560.30
104,850 at 4.97%$560.94
104,850 at 4.98%$561.58
104,850 at 4.99%$562.22
104,850 at 5%$562.86
Interest Rate 30 Year
104,850 at 5.01%$563.50
104,850 at 5.02%$564.14
104,850 at 5.03%$564.78
104,850 at 5.04%$565.42
104,850 at 5.05%$566.07
104,850 at 5.06%$566.71
104,850 at 5.07%$567.35
104,850 at 5.08%$567.99
104,850 at 5.09%$568.64
104,850 at 5.1%$569.28
104,850 at 5.11%$569.93
104,850 at 5.12%$570.57
104,850 at 5.13%$571.22
104,850 at 5.14%$571.86
104,850 at 5.15%$572.51
104,850 at 5.16%$573.15
104,850 at 5.17%$573.80
104,850 at 5.18%$574.45
104,850 at 5.19%$575.10
104,850 at 5.2%$575.74
104,850 at 5.21%$576.39
104,850 at 5.22%$577.04
104,850 at 5.23%$577.69
104,850 at 5.24%$578.34
104,850 at 5.25%$578.99
104,850 at 5.26%$579.64
104,850 at 5.27%$580.29
104,850 at 5.28%$580.94
104,850 at 5.29%$581.59
104,850 at 5.3%$582.24
104,850 at 5.31%$582.89
104,850 at 5.32%$583.54
104,850 at 5.33%$584.19
104,850 at 5.34%$584.84
104,850 at 5.35%$585.50
104,850 at 5.36%$586.15
104,850 at 5.37%$586.80
104,850 at 5.38%$587.46
104,850 at 5.39%$588.11
104,850 at 5.4%$588.77
104,850 at 5.41%$589.42
104,850 at 5.42%$590.07
104,850 at 5.43%$590.73
104,850 at 5.44%$591.39
104,850 at 5.45%$592.04
104,850 at 5.46%$592.70
104,850 at 5.47%$593.35
104,850 at 5.48%$594.01
104,850 at 5.49%$594.67
104,850 at 5.5%$595.33
104,850 at 5.51%$595.98
104,850 at 5.52%$596.64
104,850 at 5.53%$597.30
104,850 at 5.54%$597.96
104,850 at 5.55%$598.62
104,850 at 5.56%$599.28
104,850 at 5.57%$599.94
104,850 at 5.58%$600.60
104,850 at 5.59%$601.26
104,850 at 5.6%$601.92
104,850 at 5.61%$602.58
104,850 at 5.62%$603.24
104,850 at 5.63%$603.91
104,850 at 5.64%$604.57
104,850 at 5.65%$605.23
104,850 at 5.66%$605.89
104,850 at 5.67%$606.56
104,850 at 5.68%$607.22
104,850 at 5.69%$607.89
104,850 at 5.7%$608.55
104,850 at 5.71%$609.21
104,850 at 5.72%$609.88
104,850 at 5.73%$610.54
104,850 at 5.74%$611.21
104,850 at 5.75%$611.88
104,850 at 5.76%$612.54
104,850 at 5.77%$613.21
104,850 at 5.78%$613.88
104,850 at 5.79%$614.54
104,850 at 5.8%$615.21
104,850 at 5.81%$615.88
104,850 at 5.82%$616.55
104,850 at 5.83%$617.22
104,850 at 5.84%$617.88
104,850 at 5.85%$618.55
104,850 at 5.86%$619.22
104,850 at 5.87%$619.89
104,850 at 5.88%$620.56
104,850 at 5.89%$621.23
104,850 at 5.9%$621.90
104,850 at 5.91%$622.57
104,850 at 5.92%$623.25
104,850 at 5.93%$623.92
104,850 at 5.94%$624.59
104,850 at 5.95%$625.26
104,850 at 5.96%$625.93
104,850 at 5.97%$626.61
104,850 at 5.98%$627.28
104,850 at 5.99%$627.95
104,850 at 6%$628.63
104,850 at 6.01%$629.30
104,850 at 6.02%$629.98
104,850 at 6.03%$630.65
104,850 at 6.04%$631.33
104,850 at 6.05%$632.00
104,850 at 6.06%$632.68
104,850 at 6.07%$633.36
104,850 at 6.08%$634.03
104,850 at 6.09%$634.71
104,850 at 6.1%$635.39
104,850 at 6.11%$636.06
104,850 at 6.12%$636.74
104,850 at 6.13%$637.42
104,850 at 6.14%$638.10
104,850 at 6.15%$638.78
104,850 at 6.16%$639.45
104,850 at 6.17%$640.13
104,850 at 6.18%$640.81
104,850 at 6.19%$641.49
104,850 at 6.2%$642.17
104,850 at 6.21%$642.85
104,850 at 6.22%$643.54
104,850 at 6.23%$644.22
104,850 at 6.24%$644.90
104,850 at 6.25%$645.58
104,850 at 6.26%$646.26
104,850 at 6.27%$646.94
104,850 at 6.28%$647.63
104,850 at 6.29%$648.31
104,850 at 6.3%$648.99
104,850 at 6.31%$649.68
104,850 at 6.32%$650.36
104,850 at 6.33%$651.04
104,850 at 6.34%$651.73
104,850 at 6.35%$652.41
104,850 at 6.36%$653.10
104,850 at 6.37%$653.78
104,850 at 6.38%$654.47
104,850 at 6.39%$655.16
104,850 at 6.4%$655.84
104,850 at 6.41%$656.53
104,850 at 6.42%$657.22
104,850 at 6.43%$657.90
104,850 at 6.44%$658.59
104,850 at 6.45%$659.28
104,850 at 6.46%$659.97
104,850 at 6.47%$660.66
104,850 at 6.48%$661.34
104,850 at 6.49%$662.03
104,850 at 6.5%$662.72
Interest Rate 30 Year
104,850 at 6.51%$663.41
104,850 at 6.52%$664.10
104,850 at 6.53%$664.79
104,850 at 6.54%$665.48
104,850 at 6.55%$666.17
104,850 at 6.56%$666.87
104,850 at 6.57%$667.56
104,850 at 6.58%$668.25
104,850 at 6.59%$668.94
104,850 at 6.6%$669.63
104,850 at 6.61%$670.33
104,850 at 6.62%$671.02
104,850 at 6.63%$671.71
104,850 at 6.64%$672.41
104,850 at 6.65%$673.10
104,850 at 6.66%$673.79
104,850 at 6.67%$674.49
104,850 at 6.68%$675.18
104,850 at 6.69%$675.88
104,850 at 6.7%$676.57
104,850 at 6.71%$677.27
104,850 at 6.72%$677.97
104,850 at 6.73%$678.66
104,850 at 6.74%$679.36
104,850 at 6.75%$680.06
104,850 at 6.76%$680.75
104,850 at 6.77%$681.45
104,850 at 6.78%$682.15
104,850 at 6.79%$682.85
104,850 at 6.8%$683.54
104,850 at 6.81%$684.24
104,850 at 6.82%$684.94
104,850 at 6.83%$685.64
104,850 at 6.84%$686.34
104,850 at 6.85%$687.04
104,850 at 6.86%$687.74
104,850 at 6.87%$688.44
104,850 at 6.88%$689.14
104,850 at 6.89%$689.84
104,850 at 6.9%$690.54
104,850 at 6.91%$691.24
104,850 at 6.92%$691.95
104,850 at 6.93%$692.65
104,850 at 6.94%$693.35
104,850 at 6.95%$694.05
104,850 at 6.96%$694.76
104,850 at 6.97%$695.46
104,850 at 6.98%$696.16
104,850 at 6.99%$696.87
104,850 at 7%$697.57
104,850 at 7.01%$698.27
104,850 at 7.02%$698.98
104,850 at 7.03%$699.68
104,850 at 7.04%$700.39
104,850 at 7.05%$701.09
104,850 at 7.06%$701.80
104,850 at 7.07%$702.51
104,850 at 7.08%$703.21
104,850 at 7.09%$703.92
104,850 at 7.1%$704.63
104,850 at 7.11%$705.33
104,850 at 7.12%$706.04
104,850 at 7.13%$706.75
104,850 at 7.14%$707.46
104,850 at 7.15%$708.16
104,850 at 7.16%$708.87
104,850 at 7.17%$709.58
104,850 at 7.18%$710.29
104,850 at 7.19%$711.00
104,850 at 7.2%$711.71
104,850 at 7.21%$712.42
104,850 at 7.22%$713.13
104,850 at 7.23%$713.84
104,850 at 7.24%$714.55
104,850 at 7.25%$715.26
104,850 at 7.26%$715.97
104,850 at 7.27%$716.68
104,850 at 7.28%$717.40
104,850 at 7.29%$718.11
104,850 at 7.3%$718.82
104,850 at 7.31%$719.53
104,850 at 7.32%$720.25
104,850 at 7.33%$720.96
104,850 at 7.34%$721.67
104,850 at 7.35%$722.39
104,850 at 7.36%$723.10
104,850 at 7.37%$723.82
104,850 at 7.38%$724.53
104,850 at 7.39%$725.25
104,850 at 7.4%$725.96
104,850 at 7.41%$726.68
104,850 at 7.42%$727.39
104,850 at 7.43%$728.11
104,850 at 7.44%$728.82
104,850 at 7.45%$729.54
104,850 at 7.46%$730.26
104,850 at 7.47%$730.97
104,850 at 7.48%$731.69
104,850 at 7.49%$732.41
104,850 at 7.5%$733.13
104,850 at 7.51%$733.84
104,850 at 7.52%$734.56
104,850 at 7.53%$735.28
104,850 at 7.54%$736.00
104,850 at 7.55%$736.72
104,850 at 7.56%$737.44
104,850 at 7.57%$738.16
104,850 at 7.58%$738.88
104,850 at 7.59%$739.60
104,850 at 7.6%$740.32
104,850 at 7.61%$741.04
104,850 at 7.62%$741.76
104,850 at 7.63%$742.48
104,850 at 7.64%$743.20
104,850 at 7.65%$743.93
104,850 at 7.66%$744.65
104,850 at 7.67%$745.37
104,850 at 7.68%$746.09
104,850 at 7.69%$746.82
104,850 at 7.7%$747.54
104,850 at 7.71%$748.26
104,850 at 7.72%$748.99
104,850 at 7.73%$749.71
104,850 at 7.74%$750.43
104,850 at 7.75%$751.16
104,850 at 7.76%$751.88
104,850 at 7.77%$752.61
104,850 at 7.78%$753.33
104,850 at 7.79%$754.06
104,850 at 7.8%$754.78
104,850 at 7.81%$755.51
104,850 at 7.82%$756.24
104,850 at 7.83%$756.96
104,850 at 7.84%$757.69
104,850 at 7.85%$758.42
104,850 at 7.86%$759.14
104,850 at 7.87%$759.87
104,850 at 7.88%$760.60
104,850 at 7.89%$761.33
104,850 at 7.9%$762.06
104,850 at 7.91%$762.78
104,850 at 7.92%$763.51
104,850 at 7.93%$764.24
104,850 at 7.94%$764.97
104,850 at 7.95%$765.70
104,850 at 7.96%$766.43
104,850 at 7.97%$767.16
104,850 at 7.98%$767.89
104,850 at 7.99%$768.62
104,850 at 8%$769.35
More Amounts
What is the down payment for a $104,850 house? How much do you need to put down?
Percent Down Down Payment
1%1,049
2%2,097
3%3,146
4%4,194
5%5,243
6%6,291
7%7,340
8%8,388
9%9,437
10%10,485
11%11,534
12%12,582
13%13,631
14%14,679
15%15,728
16%16,776
17%17,825
18%18,873
19%19,922
20%20,970
Percent Down Down Payment
21%22,019
22%23,067
23%24,116
24%25,164
25%26,213
26%27,261
27%28,310
28%29,358
29%30,407
30%31,455
31%32,504
32%33,552
33%34,601
34%35,649
35%36,698
36%37,746
37%38,795
38%39,843
39%40,892
40%41,940
Percent Down Down Payment
41%42,989
42%44,037
43%45,086
44%46,134
45%47,183
46%48,231
47%49,280
48%50,328
49%51,377
50%52,425
51%53,474
52%54,522
53%55,571
54%56,619
55%57,668
56%58,716
57%59,765
58%60,813
59%61,862
60%62,910
Percent Down Down Payment
61%63,959
62%65,007
63%66,056
64%67,104
65%68,153
66%69,201
67%70,250
68%71,298
69%72,347
70%73,395
71%74,444
72%75,492
73%76,541
74%77,589
75%78,638
76%79,686
77%80,735
78%81,783
79%82,832
80%83,880
Percent Down Down Payment
81%84,929
82%85,977
83%87,026
84%88,074
85%89,123
86%90,171
87%91,220
88%92,268
89%93,317
90%94,365
91%95,414
92%96,462
93%97,511
94%98,559
95%99,608
96%100,656
97%101,705
98%102,753
99%103,802
100%104,850
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.