$105,700 Mortgage for 30 Years

What is the monthly payment of a 105,700 dollar loan?
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Loan Tables for a $105,700 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 106k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $105,700 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
105,700 at 2.01%$391.22
105,700 at 2.02%$391.75
105,700 at 2.03%$392.28
105,700 at 2.04%$392.81
105,700 at 2.05%$393.34
105,700 at 2.06%$393.87
105,700 at 2.07%$394.40
105,700 at 2.08%$394.93
105,700 at 2.09%$395.46
105,700 at 2.1%$395.99
105,700 at 2.11%$396.53
105,700 at 2.12%$397.06
105,700 at 2.13%$397.59
105,700 at 2.14%$398.13
105,700 at 2.15%$398.66
105,700 at 2.16%$399.20
105,700 at 2.17%$399.73
105,700 at 2.18%$400.27
105,700 at 2.19%$400.81
105,700 at 2.2%$401.34
105,700 at 2.21%$401.88
105,700 at 2.22%$402.42
105,700 at 2.23%$402.96
105,700 at 2.24%$403.50
105,700 at 2.25%$404.03
105,700 at 2.26%$404.57
105,700 at 2.27%$405.11
105,700 at 2.28%$405.65
105,700 at 2.29%$406.19
105,700 at 2.3%$406.73
105,700 at 2.31%$407.28
105,700 at 2.32%$407.82
105,700 at 2.33%$408.36
105,700 at 2.34%$408.90
105,700 at 2.35%$409.45
105,700 at 2.36%$409.99
105,700 at 2.37%$410.53
105,700 at 2.38%$411.08
105,700 at 2.39%$411.62
105,700 at 2.4%$412.17
105,700 at 2.41%$412.71
105,700 at 2.42%$413.26
105,700 at 2.43%$413.81
105,700 at 2.44%$414.35
105,700 at 2.45%$414.90
105,700 at 2.46%$415.45
105,700 at 2.47%$416.00
105,700 at 2.48%$416.54
105,700 at 2.49%$417.09
105,700 at 2.5%$417.64
105,700 at 2.51%$418.19
105,700 at 2.52%$418.74
105,700 at 2.53%$419.29
105,700 at 2.54%$419.84
105,700 at 2.55%$420.40
105,700 at 2.56%$420.95
105,700 at 2.57%$421.50
105,700 at 2.58%$422.05
105,700 at 2.59%$422.61
105,700 at 2.6%$423.16
105,700 at 2.61%$423.71
105,700 at 2.62%$424.27
105,700 at 2.63%$424.82
105,700 at 2.64%$425.38
105,700 at 2.65%$425.93
105,700 at 2.66%$426.49
105,700 at 2.67%$427.05
105,700 at 2.68%$427.60
105,700 at 2.69%$428.16
105,700 at 2.7%$428.72
105,700 at 2.71%$429.27
105,700 at 2.72%$429.83
105,700 at 2.73%$430.39
105,700 at 2.74%$430.95
105,700 at 2.75%$431.51
105,700 at 2.76%$432.07
105,700 at 2.77%$432.63
105,700 at 2.78%$433.19
105,700 at 2.79%$433.75
105,700 at 2.8%$434.32
105,700 at 2.81%$434.88
105,700 at 2.82%$435.44
105,700 at 2.83%$436.00
105,700 at 2.84%$436.57
105,700 at 2.85%$437.13
105,700 at 2.86%$437.69
105,700 at 2.87%$438.26
105,700 at 2.88%$438.82
105,700 at 2.89%$439.39
105,700 at 2.9%$439.96
105,700 at 2.91%$440.52
105,700 at 2.92%$441.09
105,700 at 2.93%$441.65
105,700 at 2.94%$442.22
105,700 at 2.95%$442.79
105,700 at 2.96%$443.36
105,700 at 2.97%$443.93
105,700 at 2.98%$444.50
105,700 at 2.99%$445.07
105,700 at 3%$445.64
105,700 at 3.01%$446.21
105,700 at 3.02%$446.78
105,700 at 3.03%$447.35
105,700 at 3.04%$447.92
105,700 at 3.05%$448.49
105,700 at 3.06%$449.06
105,700 at 3.07%$449.64
105,700 at 3.08%$450.21
105,700 at 3.09%$450.78
105,700 at 3.1%$451.36
105,700 at 3.11%$451.93
105,700 at 3.12%$452.51
105,700 at 3.13%$453.08
105,700 at 3.14%$453.66
105,700 at 3.15%$454.23
105,700 at 3.16%$454.81
105,700 at 3.17%$455.38
105,700 at 3.18%$455.96
105,700 at 3.19%$456.54
105,700 at 3.2%$457.12
105,700 at 3.21%$457.70
105,700 at 3.22%$458.27
105,700 at 3.23%$458.85
105,700 at 3.24%$459.43
105,700 at 3.25%$460.01
105,700 at 3.26%$460.59
105,700 at 3.27%$461.17
105,700 at 3.28%$461.76
105,700 at 3.29%$462.34
105,700 at 3.3%$462.92
105,700 at 3.31%$463.50
105,700 at 3.32%$464.08
105,700 at 3.33%$464.67
105,700 at 3.34%$465.25
105,700 at 3.35%$465.83
105,700 at 3.36%$466.42
105,700 at 3.37%$467.00
105,700 at 3.38%$467.59
105,700 at 3.39%$468.17
105,700 at 3.4%$468.76
105,700 at 3.41%$469.35
105,700 at 3.42%$469.93
105,700 at 3.43%$470.52
105,700 at 3.44%$471.11
105,700 at 3.45%$471.70
105,700 at 3.46%$472.28
105,700 at 3.47%$472.87
105,700 at 3.48%$473.46
105,700 at 3.49%$474.05
105,700 at 3.5%$474.64
Interest Rate 30 Year
105,700 at 3.51%$475.23
105,700 at 3.52%$475.82
105,700 at 3.53%$476.41
105,700 at 3.54%$477.00
105,700 at 3.55%$477.60
105,700 at 3.56%$478.19
105,700 at 3.57%$478.78
105,700 at 3.58%$479.37
105,700 at 3.59%$479.97
105,700 at 3.6%$480.56
105,700 at 3.61%$481.15
105,700 at 3.62%$481.75
105,700 at 3.63%$482.34
105,700 at 3.64%$482.94
105,700 at 3.65%$483.53
105,700 at 3.66%$484.13
105,700 at 3.67%$484.73
105,700 at 3.68%$485.32
105,700 at 3.69%$485.92
105,700 at 3.7%$486.52
105,700 at 3.71%$487.12
105,700 at 3.72%$487.72
105,700 at 3.73%$488.31
105,700 at 3.74%$488.91
105,700 at 3.75%$489.51
105,700 at 3.76%$490.11
105,700 at 3.77%$490.71
105,700 at 3.78%$491.31
105,700 at 3.79%$491.92
105,700 at 3.8%$492.52
105,700 at 3.81%$493.12
105,700 at 3.82%$493.72
105,700 at 3.83%$494.32
105,700 at 3.84%$494.93
105,700 at 3.85%$495.53
105,700 at 3.86%$496.13
105,700 at 3.87%$496.74
105,700 at 3.88%$497.34
105,700 at 3.89%$497.95
105,700 at 3.9%$498.55
105,700 at 3.91%$499.16
105,700 at 3.92%$499.77
105,700 at 3.93%$500.37
105,700 at 3.94%$500.98
105,700 at 3.95%$501.59
105,700 at 3.96%$502.19
105,700 at 3.97%$502.80
105,700 at 3.98%$503.41
105,700 at 3.99%$504.02
105,700 at 4%$504.63
105,700 at 4.01%$505.24
105,700 at 4.02%$505.85
105,700 at 4.03%$506.46
105,700 at 4.04%$507.07
105,700 at 4.05%$507.68
105,700 at 4.06%$508.29
105,700 at 4.07%$508.90
105,700 at 4.08%$509.52
105,700 at 4.09%$510.13
105,700 at 4.1%$510.74
105,700 at 4.11%$511.35
105,700 at 4.12%$511.97
105,700 at 4.13%$512.58
105,700 at 4.14%$513.20
105,700 at 4.15%$513.81
105,700 at 4.16%$514.43
105,700 at 4.17%$515.04
105,700 at 4.18%$515.66
105,700 at 4.19%$516.27
105,700 at 4.2%$516.89
105,700 at 4.21%$517.51
105,700 at 4.22%$518.13
105,700 at 4.23%$518.74
105,700 at 4.24%$519.36
105,700 at 4.25%$519.98
105,700 at 4.26%$520.60
105,700 at 4.27%$521.22
105,700 at 4.28%$521.84
105,700 at 4.29%$522.46
105,700 at 4.3%$523.08
105,700 at 4.31%$523.70
105,700 at 4.32%$524.32
105,700 at 4.33%$524.94
105,700 at 4.34%$525.56
105,700 at 4.35%$526.19
105,700 at 4.36%$526.81
105,700 at 4.37%$527.43
105,700 at 4.38%$528.06
105,700 at 4.39%$528.68
105,700 at 4.4%$529.30
105,700 at 4.41%$529.93
105,700 at 4.42%$530.55
105,700 at 4.43%$531.18
105,700 at 4.44%$531.80
105,700 at 4.45%$532.43
105,700 at 4.46%$533.06
105,700 at 4.47%$533.68
105,700 at 4.48%$534.31
105,700 at 4.49%$534.94
105,700 at 4.5%$535.57
105,700 at 4.51%$536.19
105,700 at 4.52%$536.82
105,700 at 4.53%$537.45
105,700 at 4.54%$538.08
105,700 at 4.55%$538.71
105,700 at 4.56%$539.34
105,700 at 4.57%$539.97
105,700 at 4.58%$540.60
105,700 at 4.59%$541.23
105,700 at 4.6%$541.87
105,700 at 4.61%$542.50
105,700 at 4.62%$543.13
105,700 at 4.63%$543.76
105,700 at 4.64%$544.39
105,700 at 4.65%$545.03
105,700 at 4.66%$545.66
105,700 at 4.67%$546.30
105,700 at 4.68%$546.93
105,700 at 4.69%$547.57
105,700 at 4.7%$548.20
105,700 at 4.71%$548.84
105,700 at 4.72%$549.47
105,700 at 4.73%$550.11
105,700 at 4.74%$550.74
105,700 at 4.75%$551.38
105,700 at 4.76%$552.02
105,700 at 4.77%$552.66
105,700 at 4.78%$553.29
105,700 at 4.79%$553.93
105,700 at 4.8%$554.57
105,700 at 4.81%$555.21
105,700 at 4.82%$555.85
105,700 at 4.83%$556.49
105,700 at 4.84%$557.13
105,700 at 4.85%$557.77
105,700 at 4.86%$558.41
105,700 at 4.87%$559.05
105,700 at 4.88%$559.69
105,700 at 4.89%$560.34
105,700 at 4.9%$560.98
105,700 at 4.91%$561.62
105,700 at 4.92%$562.26
105,700 at 4.93%$562.91
105,700 at 4.94%$563.55
105,700 at 4.95%$564.19
105,700 at 4.96%$564.84
105,700 at 4.97%$565.48
105,700 at 4.98%$566.13
105,700 at 4.99%$566.77
105,700 at 5%$567.42
Interest Rate 30 Year
105,700 at 5.01%$568.07
105,700 at 5.02%$568.71
105,700 at 5.03%$569.36
105,700 at 5.04%$570.01
105,700 at 5.05%$570.65
105,700 at 5.06%$571.30
105,700 at 5.07%$571.95
105,700 at 5.08%$572.60
105,700 at 5.09%$573.25
105,700 at 5.1%$573.90
105,700 at 5.11%$574.55
105,700 at 5.12%$575.20
105,700 at 5.13%$575.85
105,700 at 5.14%$576.50
105,700 at 5.15%$577.15
105,700 at 5.16%$577.80
105,700 at 5.17%$578.45
105,700 at 5.18%$579.10
105,700 at 5.19%$579.76
105,700 at 5.2%$580.41
105,700 at 5.21%$581.06
105,700 at 5.22%$581.72
105,700 at 5.23%$582.37
105,700 at 5.24%$583.02
105,700 at 5.25%$583.68
105,700 at 5.26%$584.33
105,700 at 5.27%$584.99
105,700 at 5.28%$585.64
105,700 at 5.29%$586.30
105,700 at 5.3%$586.96
105,700 at 5.31%$587.61
105,700 at 5.32%$588.27
105,700 at 5.33%$588.93
105,700 at 5.34%$589.59
105,700 at 5.35%$590.24
105,700 at 5.36%$590.90
105,700 at 5.37%$591.56
105,700 at 5.38%$592.22
105,700 at 5.39%$592.88
105,700 at 5.4%$593.54
105,700 at 5.41%$594.20
105,700 at 5.42%$594.86
105,700 at 5.43%$595.52
105,700 at 5.44%$596.18
105,700 at 5.45%$596.84
105,700 at 5.46%$597.50
105,700 at 5.47%$598.16
105,700 at 5.48%$598.83
105,700 at 5.49%$599.49
105,700 at 5.5%$600.15
105,700 at 5.51%$600.82
105,700 at 5.52%$601.48
105,700 at 5.53%$602.14
105,700 at 5.54%$602.81
105,700 at 5.55%$603.47
105,700 at 5.56%$604.14
105,700 at 5.57%$604.80
105,700 at 5.58%$605.47
105,700 at 5.59%$606.14
105,700 at 5.6%$606.80
105,700 at 5.61%$607.47
105,700 at 5.62%$608.14
105,700 at 5.63%$608.80
105,700 at 5.64%$609.47
105,700 at 5.65%$610.14
105,700 at 5.66%$610.81
105,700 at 5.67%$611.48
105,700 at 5.68%$612.14
105,700 at 5.69%$612.81
105,700 at 5.7%$613.48
105,700 at 5.71%$614.15
105,700 at 5.72%$614.82
105,700 at 5.73%$615.49
105,700 at 5.74%$616.17
105,700 at 5.75%$616.84
105,700 at 5.76%$617.51
105,700 at 5.77%$618.18
105,700 at 5.78%$618.85
105,700 at 5.79%$619.53
105,700 at 5.8%$620.20
105,700 at 5.81%$620.87
105,700 at 5.82%$621.54
105,700 at 5.83%$622.22
105,700 at 5.84%$622.89
105,700 at 5.85%$623.57
105,700 at 5.86%$624.24
105,700 at 5.87%$624.92
105,700 at 5.88%$625.59
105,700 at 5.89%$626.27
105,700 at 5.9%$626.95
105,700 at 5.91%$627.62
105,700 at 5.92%$628.30
105,700 at 5.93%$628.98
105,700 at 5.94%$629.65
105,700 at 5.95%$630.33
105,700 at 5.96%$631.01
105,700 at 5.97%$631.69
105,700 at 5.98%$632.37
105,700 at 5.99%$633.05
105,700 at 6%$633.72
105,700 at 6.01%$634.40
105,700 at 6.02%$635.08
105,700 at 6.03%$635.77
105,700 at 6.04%$636.45
105,700 at 6.05%$637.13
105,700 at 6.06%$637.81
105,700 at 6.07%$638.49
105,700 at 6.08%$639.17
105,700 at 6.09%$639.85
105,700 at 6.1%$640.54
105,700 at 6.11%$641.22
105,700 at 6.12%$641.90
105,700 at 6.13%$642.59
105,700 at 6.14%$643.27
105,700 at 6.15%$643.95
105,700 at 6.16%$644.64
105,700 at 6.17%$645.32
105,700 at 6.18%$646.01
105,700 at 6.19%$646.69
105,700 at 6.2%$647.38
105,700 at 6.21%$648.07
105,700 at 6.22%$648.75
105,700 at 6.23%$649.44
105,700 at 6.24%$650.13
105,700 at 6.25%$650.81
105,700 at 6.26%$651.50
105,700 at 6.27%$652.19
105,700 at 6.28%$652.88
105,700 at 6.29%$653.57
105,700 at 6.3%$654.25
105,700 at 6.31%$654.94
105,700 at 6.32%$655.63
105,700 at 6.33%$656.32
105,700 at 6.34%$657.01
105,700 at 6.35%$657.70
105,700 at 6.36%$658.39
105,700 at 6.37%$659.08
105,700 at 6.38%$659.78
105,700 at 6.39%$660.47
105,700 at 6.4%$661.16
105,700 at 6.41%$661.85
105,700 at 6.42%$662.54
105,700 at 6.43%$663.24
105,700 at 6.44%$663.93
105,700 at 6.45%$664.62
105,700 at 6.46%$665.32
105,700 at 6.47%$666.01
105,700 at 6.48%$666.71
105,700 at 6.49%$667.40
105,700 at 6.5%$668.10
Interest Rate 30 Year
105,700 at 6.51%$668.79
105,700 at 6.52%$669.49
105,700 at 6.53%$670.18
105,700 at 6.54%$670.88
105,700 at 6.55%$671.58
105,700 at 6.56%$672.27
105,700 at 6.57%$672.97
105,700 at 6.58%$673.67
105,700 at 6.59%$674.36
105,700 at 6.6%$675.06
105,700 at 6.61%$675.76
105,700 at 6.62%$676.46
105,700 at 6.63%$677.16
105,700 at 6.64%$677.86
105,700 at 6.65%$678.56
105,700 at 6.66%$679.26
105,700 at 6.67%$679.96
105,700 at 6.68%$680.66
105,700 at 6.69%$681.36
105,700 at 6.7%$682.06
105,700 at 6.71%$682.76
105,700 at 6.72%$683.46
105,700 at 6.73%$684.16
105,700 at 6.74%$684.87
105,700 at 6.75%$685.57
105,700 at 6.76%$686.27
105,700 at 6.77%$686.97
105,700 at 6.78%$687.68
105,700 at 6.79%$688.38
105,700 at 6.8%$689.08
105,700 at 6.81%$689.79
105,700 at 6.82%$690.49
105,700 at 6.83%$691.20
105,700 at 6.84%$691.90
105,700 at 6.85%$692.61
105,700 at 6.86%$693.31
105,700 at 6.87%$694.02
105,700 at 6.88%$694.73
105,700 at 6.89%$695.43
105,700 at 6.9%$696.14
105,700 at 6.91%$696.85
105,700 at 6.92%$697.55
105,700 at 6.93%$698.26
105,700 at 6.94%$698.97
105,700 at 6.95%$699.68
105,700 at 6.96%$700.39
105,700 at 6.97%$701.10
105,700 at 6.98%$701.81
105,700 at 6.99%$702.52
105,700 at 7%$703.22
105,700 at 7.01%$703.93
105,700 at 7.02%$704.65
105,700 at 7.03%$705.36
105,700 at 7.04%$706.07
105,700 at 7.05%$706.78
105,700 at 7.06%$707.49
105,700 at 7.07%$708.20
105,700 at 7.08%$708.91
105,700 at 7.09%$709.63
105,700 at 7.1%$710.34
105,700 at 7.11%$711.05
105,700 at 7.12%$711.76
105,700 at 7.13%$712.48
105,700 at 7.14%$713.19
105,700 at 7.15%$713.90
105,700 at 7.16%$714.62
105,700 at 7.17%$715.33
105,700 at 7.18%$716.05
105,700 at 7.19%$716.76
105,700 at 7.2%$717.48
105,700 at 7.21%$718.19
105,700 at 7.22%$718.91
105,700 at 7.23%$719.63
105,700 at 7.24%$720.34
105,700 at 7.25%$721.06
105,700 at 7.26%$721.78
105,700 at 7.27%$722.49
105,700 at 7.28%$723.21
105,700 at 7.29%$723.93
105,700 at 7.3%$724.65
105,700 at 7.31%$725.37
105,700 at 7.32%$726.09
105,700 at 7.33%$726.80
105,700 at 7.34%$727.52
105,700 at 7.35%$728.24
105,700 at 7.36%$728.96
105,700 at 7.37%$729.68
105,700 at 7.38%$730.40
105,700 at 7.39%$731.12
105,700 at 7.4%$731.85
105,700 at 7.41%$732.57
105,700 at 7.42%$733.29
105,700 at 7.43%$734.01
105,700 at 7.44%$734.73
105,700 at 7.45%$735.45
105,700 at 7.46%$736.18
105,700 at 7.47%$736.90
105,700 at 7.48%$737.62
105,700 at 7.49%$738.35
105,700 at 7.5%$739.07
105,700 at 7.51%$739.79
105,700 at 7.52%$740.52
105,700 at 7.53%$741.24
105,700 at 7.54%$741.97
105,700 at 7.55%$742.69
105,700 at 7.56%$743.42
105,700 at 7.57%$744.14
105,700 at 7.58%$744.87
105,700 at 7.59%$745.59
105,700 at 7.6%$746.32
105,700 at 7.61%$747.05
105,700 at 7.62%$747.77
105,700 at 7.63%$748.50
105,700 at 7.64%$749.23
105,700 at 7.65%$749.96
105,700 at 7.66%$750.68
105,700 at 7.67%$751.41
105,700 at 7.68%$752.14
105,700 at 7.69%$752.87
105,700 at 7.7%$753.60
105,700 at 7.71%$754.33
105,700 at 7.72%$755.06
105,700 at 7.73%$755.79
105,700 at 7.74%$756.52
105,700 at 7.75%$757.25
105,700 at 7.76%$757.98
105,700 at 7.77%$758.71
105,700 at 7.78%$759.44
105,700 at 7.79%$760.17
105,700 at 7.8%$760.90
105,700 at 7.81%$761.63
105,700 at 7.82%$762.37
105,700 at 7.83%$763.10
105,700 at 7.84%$763.83
105,700 at 7.85%$764.56
105,700 at 7.86%$765.30
105,700 at 7.87%$766.03
105,700 at 7.88%$766.77
105,700 at 7.89%$767.50
105,700 at 7.9%$768.23
105,700 at 7.91%$768.97
105,700 at 7.92%$769.70
105,700 at 7.93%$770.44
105,700 at 7.94%$771.17
105,700 at 7.95%$771.91
105,700 at 7.96%$772.64
105,700 at 7.97%$773.38
105,700 at 7.98%$774.12
105,700 at 7.99%$774.85
105,700 at 8%$775.59
More Amounts
What is the down payment for a $105,700 house? How much do you need to put down?
Percent Down Down Payment
1%1,057
2%2,114
3%3,171
4%4,228
5%5,285
6%6,342
7%7,399
8%8,456
9%9,513
10%10,570
11%11,627
12%12,684
13%13,741
14%14,798
15%15,855
16%16,912
17%17,969
18%19,026
19%20,083
20%21,140
Percent Down Down Payment
21%22,197
22%23,254
23%24,311
24%25,368
25%26,425
26%27,482
27%28,539
28%29,596
29%30,653
30%31,710
31%32,767
32%33,824
33%34,881
34%35,938
35%36,995
36%38,052
37%39,109
38%40,166
39%41,223
40%42,280
Percent Down Down Payment
41%43,337
42%44,394
43%45,451
44%46,508
45%47,565
46%48,622
47%49,679
48%50,736
49%51,793
50%52,850
51%53,907
52%54,964
53%56,021
54%57,078
55%58,135
56%59,192
57%60,249
58%61,306
59%62,363
60%63,420
Percent Down Down Payment
61%64,477
62%65,534
63%66,591
64%67,648
65%68,705
66%69,762
67%70,819
68%71,876
69%72,933
70%73,990
71%75,047
72%76,104
73%77,161
74%78,218
75%79,275
76%80,332
77%81,389
78%82,446
79%83,503
80%84,560
Percent Down Down Payment
81%85,617
82%86,674
83%87,731
84%88,788
85%89,845
86%90,902
87%91,959
88%93,016
89%94,073
90%95,130
91%96,187
92%97,244
93%98,301
94%99,358
95%100,415
96%101,472
97%102,529
98%103,586
99%104,643
100%105,700
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.