$106,200 Mortgage for 30 Years

What is the monthly payment of a 106,200 dollar loan?
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Loan Tables for a $106,200 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 $106,200 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
106,200 at 2.01%$393.07
106,200 at 2.02%$393.60
106,200 at 2.03%$394.13
106,200 at 2.04%$394.66
106,200 at 2.05%$395.20
106,200 at 2.06%$395.73
106,200 at 2.07%$396.26
106,200 at 2.08%$396.80
106,200 at 2.09%$397.33
106,200 at 2.1%$397.87
106,200 at 2.11%$398.40
106,200 at 2.12%$398.94
106,200 at 2.13%$399.48
106,200 at 2.14%$400.01
106,200 at 2.15%$400.55
106,200 at 2.16%$401.09
106,200 at 2.17%$401.63
106,200 at 2.18%$402.16
106,200 at 2.19%$402.70
106,200 at 2.2%$403.24
106,200 at 2.21%$403.78
106,200 at 2.22%$404.32
106,200 at 2.23%$404.86
106,200 at 2.24%$405.40
106,200 at 2.25%$405.95
106,200 at 2.26%$406.49
106,200 at 2.27%$407.03
106,200 at 2.28%$407.57
106,200 at 2.29%$408.12
106,200 at 2.3%$408.66
106,200 at 2.31%$409.20
106,200 at 2.32%$409.75
106,200 at 2.33%$410.29
106,200 at 2.34%$410.84
106,200 at 2.35%$411.38
106,200 at 2.36%$411.93
106,200 at 2.37%$412.48
106,200 at 2.38%$413.02
106,200 at 2.39%$413.57
106,200 at 2.4%$414.12
106,200 at 2.41%$414.67
106,200 at 2.42%$415.21
106,200 at 2.43%$415.76
106,200 at 2.44%$416.31
106,200 at 2.45%$416.86
106,200 at 2.46%$417.41
106,200 at 2.47%$417.96
106,200 at 2.48%$418.51
106,200 at 2.49%$419.07
106,200 at 2.5%$419.62
106,200 at 2.51%$420.17
106,200 at 2.52%$420.72
106,200 at 2.53%$421.28
106,200 at 2.54%$421.83
106,200 at 2.55%$422.38
106,200 at 2.56%$422.94
106,200 at 2.57%$423.49
106,200 at 2.58%$424.05
106,200 at 2.59%$424.60
106,200 at 2.6%$425.16
106,200 at 2.61%$425.72
106,200 at 2.62%$426.27
106,200 at 2.63%$426.83
106,200 at 2.64%$427.39
106,200 at 2.65%$427.95
106,200 at 2.66%$428.51
106,200 at 2.67%$429.07
106,200 at 2.68%$429.62
106,200 at 2.69%$430.18
106,200 at 2.7%$430.74
106,200 at 2.71%$431.31
106,200 at 2.72%$431.87
106,200 at 2.73%$432.43
106,200 at 2.74%$432.99
106,200 at 2.75%$433.55
106,200 at 2.76%$434.11
106,200 at 2.77%$434.68
106,200 at 2.78%$435.24
106,200 at 2.79%$435.81
106,200 at 2.8%$436.37
106,200 at 2.81%$436.93
106,200 at 2.82%$437.50
106,200 at 2.83%$438.07
106,200 at 2.84%$438.63
106,200 at 2.85%$439.20
106,200 at 2.86%$439.76
106,200 at 2.87%$440.33
106,200 at 2.88%$440.90
106,200 at 2.89%$441.47
106,200 at 2.9%$442.04
106,200 at 2.91%$442.61
106,200 at 2.92%$443.17
106,200 at 2.93%$443.74
106,200 at 2.94%$444.31
106,200 at 2.95%$444.88
106,200 at 2.96%$445.46
106,200 at 2.97%$446.03
106,200 at 2.98%$446.60
106,200 at 2.99%$447.17
106,200 at 3%$447.74
106,200 at 3.01%$448.32
106,200 at 3.02%$448.89
106,200 at 3.03%$449.46
106,200 at 3.04%$450.04
106,200 at 3.05%$450.61
106,200 at 3.06%$451.19
106,200 at 3.07%$451.76
106,200 at 3.08%$452.34
106,200 at 3.09%$452.91
106,200 at 3.1%$453.49
106,200 at 3.11%$454.07
106,200 at 3.12%$454.65
106,200 at 3.13%$455.22
106,200 at 3.14%$455.80
106,200 at 3.15%$456.38
106,200 at 3.16%$456.96
106,200 at 3.17%$457.54
106,200 at 3.18%$458.12
106,200 at 3.19%$458.70
106,200 at 3.2%$459.28
106,200 at 3.21%$459.86
106,200 at 3.22%$460.44
106,200 at 3.23%$461.02
106,200 at 3.24%$461.61
106,200 at 3.25%$462.19
106,200 at 3.26%$462.77
106,200 at 3.27%$463.36
106,200 at 3.28%$463.94
106,200 at 3.29%$464.52
106,200 at 3.3%$465.11
106,200 at 3.31%$465.69
106,200 at 3.32%$466.28
106,200 at 3.33%$466.86
106,200 at 3.34%$467.45
106,200 at 3.35%$468.04
106,200 at 3.36%$468.62
106,200 at 3.37%$469.21
106,200 at 3.38%$469.80
106,200 at 3.39%$470.39
106,200 at 3.4%$470.98
106,200 at 3.41%$471.57
106,200 at 3.42%$472.16
106,200 at 3.43%$472.75
106,200 at 3.44%$473.34
106,200 at 3.45%$473.93
106,200 at 3.46%$474.52
106,200 at 3.47%$475.11
106,200 at 3.48%$475.70
106,200 at 3.49%$476.29
106,200 at 3.5%$476.89
Interest Rate 30 Year
106,200 at 3.51%$477.48
106,200 at 3.52%$478.07
106,200 at 3.53%$478.67
106,200 at 3.54%$479.26
106,200 at 3.55%$479.85
106,200 at 3.56%$480.45
106,200 at 3.57%$481.04
106,200 at 3.58%$481.64
106,200 at 3.59%$482.24
106,200 at 3.6%$482.83
106,200 at 3.61%$483.43
106,200 at 3.62%$484.03
106,200 at 3.63%$484.63
106,200 at 3.64%$485.22
106,200 at 3.65%$485.82
106,200 at 3.66%$486.42
106,200 at 3.67%$487.02
106,200 at 3.68%$487.62
106,200 at 3.69%$488.22
106,200 at 3.7%$488.82
106,200 at 3.71%$489.42
106,200 at 3.72%$490.02
106,200 at 3.73%$490.62
106,200 at 3.74%$491.23
106,200 at 3.75%$491.83
106,200 at 3.76%$492.43
106,200 at 3.77%$493.03
106,200 at 3.78%$493.64
106,200 at 3.79%$494.24
106,200 at 3.8%$494.85
106,200 at 3.81%$495.45
106,200 at 3.82%$496.06
106,200 at 3.83%$496.66
106,200 at 3.84%$497.27
106,200 at 3.85%$497.87
106,200 at 3.86%$498.48
106,200 at 3.87%$499.09
106,200 at 3.88%$499.70
106,200 at 3.89%$500.30
106,200 at 3.9%$500.91
106,200 at 3.91%$501.52
106,200 at 3.92%$502.13
106,200 at 3.93%$502.74
106,200 at 3.94%$503.35
106,200 at 3.95%$503.96
106,200 at 3.96%$504.57
106,200 at 3.97%$505.18
106,200 at 3.98%$505.79
106,200 at 3.99%$506.40
106,200 at 4%$507.02
106,200 at 4.01%$507.63
106,200 at 4.02%$508.24
106,200 at 4.03%$508.85
106,200 at 4.04%$509.47
106,200 at 4.05%$510.08
106,200 at 4.06%$510.70
106,200 at 4.07%$511.31
106,200 at 4.08%$511.93
106,200 at 4.09%$512.54
106,200 at 4.1%$513.16
106,200 at 4.11%$513.77
106,200 at 4.12%$514.39
106,200 at 4.13%$515.01
106,200 at 4.14%$515.62
106,200 at 4.15%$516.24
106,200 at 4.16%$516.86
106,200 at 4.17%$517.48
106,200 at 4.18%$518.10
106,200 at 4.19%$518.72
106,200 at 4.2%$519.34
106,200 at 4.21%$519.96
106,200 at 4.22%$520.58
106,200 at 4.23%$521.20
106,200 at 4.24%$521.82
106,200 at 4.25%$522.44
106,200 at 4.26%$523.06
106,200 at 4.27%$523.68
106,200 at 4.28%$524.31
106,200 at 4.29%$524.93
106,200 at 4.3%$525.55
106,200 at 4.31%$526.18
106,200 at 4.32%$526.80
106,200 at 4.33%$527.43
106,200 at 4.34%$528.05
106,200 at 4.35%$528.68
106,200 at 4.36%$529.30
106,200 at 4.37%$529.93
106,200 at 4.38%$530.55
106,200 at 4.39%$531.18
106,200 at 4.4%$531.81
106,200 at 4.41%$532.44
106,200 at 4.42%$533.06
106,200 at 4.43%$533.69
106,200 at 4.44%$534.32
106,200 at 4.45%$534.95
106,200 at 4.46%$535.58
106,200 at 4.47%$536.21
106,200 at 4.48%$536.84
106,200 at 4.49%$537.47
106,200 at 4.5%$538.10
106,200 at 4.51%$538.73
106,200 at 4.52%$539.36
106,200 at 4.53%$539.99
106,200 at 4.54%$540.63
106,200 at 4.55%$541.26
106,200 at 4.56%$541.89
106,200 at 4.57%$542.53
106,200 at 4.58%$543.16
106,200 at 4.59%$543.79
106,200 at 4.6%$544.43
106,200 at 4.61%$545.06
106,200 at 4.62%$545.70
106,200 at 4.63%$546.33
106,200 at 4.64%$546.97
106,200 at 4.65%$547.61
106,200 at 4.66%$548.24
106,200 at 4.67%$548.88
106,200 at 4.68%$549.52
106,200 at 4.69%$550.16
106,200 at 4.7%$550.79
106,200 at 4.71%$551.43
106,200 at 4.72%$552.07
106,200 at 4.73%$552.71
106,200 at 4.74%$553.35
106,200 at 4.75%$553.99
106,200 at 4.76%$554.63
106,200 at 4.77%$555.27
106,200 at 4.78%$555.91
106,200 at 4.79%$556.55
106,200 at 4.8%$557.19
106,200 at 4.81%$557.84
106,200 at 4.82%$558.48
106,200 at 4.83%$559.12
106,200 at 4.84%$559.77
106,200 at 4.85%$560.41
106,200 at 4.86%$561.05
106,200 at 4.87%$561.70
106,200 at 4.88%$562.34
106,200 at 4.89%$562.99
106,200 at 4.9%$563.63
106,200 at 4.91%$564.28
106,200 at 4.92%$564.92
106,200 at 4.93%$565.57
106,200 at 4.94%$566.22
106,200 at 4.95%$566.86
106,200 at 4.96%$567.51
106,200 at 4.97%$568.16
106,200 at 4.98%$568.81
106,200 at 4.99%$569.46
106,200 at 5%$570.10
Interest Rate 30 Year
106,200 at 5.01%$570.75
106,200 at 5.02%$571.40
106,200 at 5.03%$572.05
106,200 at 5.04%$572.70
106,200 at 5.05%$573.35
106,200 at 5.06%$574.01
106,200 at 5.07%$574.66
106,200 at 5.08%$575.31
106,200 at 5.09%$575.96
106,200 at 5.1%$576.61
106,200 at 5.11%$577.27
106,200 at 5.12%$577.92
106,200 at 5.13%$578.57
106,200 at 5.14%$579.23
106,200 at 5.15%$579.88
106,200 at 5.16%$580.53
106,200 at 5.17%$581.19
106,200 at 5.18%$581.84
106,200 at 5.19%$582.50
106,200 at 5.2%$583.16
106,200 at 5.21%$583.81
106,200 at 5.22%$584.47
106,200 at 5.23%$585.13
106,200 at 5.24%$585.78
106,200 at 5.25%$586.44
106,200 at 5.26%$587.10
106,200 at 5.27%$587.76
106,200 at 5.28%$588.42
106,200 at 5.29%$589.07
106,200 at 5.3%$589.73
106,200 at 5.31%$590.39
106,200 at 5.32%$591.05
106,200 at 5.33%$591.71
106,200 at 5.34%$592.37
106,200 at 5.35%$593.04
106,200 at 5.36%$593.70
106,200 at 5.37%$594.36
106,200 at 5.38%$595.02
106,200 at 5.39%$595.68
106,200 at 5.4%$596.35
106,200 at 5.41%$597.01
106,200 at 5.42%$597.67
106,200 at 5.43%$598.34
106,200 at 5.44%$599.00
106,200 at 5.45%$599.66
106,200 at 5.46%$600.33
106,200 at 5.47%$600.99
106,200 at 5.48%$601.66
106,200 at 5.49%$602.33
106,200 at 5.5%$602.99
106,200 at 5.51%$603.66
106,200 at 5.52%$604.33
106,200 at 5.53%$604.99
106,200 at 5.54%$605.66
106,200 at 5.55%$606.33
106,200 at 5.56%$607.00
106,200 at 5.57%$607.66
106,200 at 5.58%$608.33
106,200 at 5.59%$609.00
106,200 at 5.6%$609.67
106,200 at 5.61%$610.34
106,200 at 5.62%$611.01
106,200 at 5.63%$611.68
106,200 at 5.64%$612.35
106,200 at 5.65%$613.02
106,200 at 5.66%$613.70
106,200 at 5.67%$614.37
106,200 at 5.68%$615.04
106,200 at 5.69%$615.71
106,200 at 5.7%$616.39
106,200 at 5.71%$617.06
106,200 at 5.72%$617.73
106,200 at 5.73%$618.41
106,200 at 5.74%$619.08
106,200 at 5.75%$619.75
106,200 at 5.76%$620.43
106,200 at 5.77%$621.10
106,200 at 5.78%$621.78
106,200 at 5.79%$622.46
106,200 at 5.8%$623.13
106,200 at 5.81%$623.81
106,200 at 5.82%$624.48
106,200 at 5.83%$625.16
106,200 at 5.84%$625.84
106,200 at 5.85%$626.52
106,200 at 5.86%$627.20
106,200 at 5.87%$627.87
106,200 at 5.88%$628.55
106,200 at 5.89%$629.23
106,200 at 5.9%$629.91
106,200 at 5.91%$630.59
106,200 at 5.92%$631.27
106,200 at 5.93%$631.95
106,200 at 5.94%$632.63
106,200 at 5.95%$633.31
106,200 at 5.96%$633.99
106,200 at 5.97%$634.68
106,200 at 5.98%$635.36
106,200 at 5.99%$636.04
106,200 at 6%$636.72
106,200 at 6.01%$637.41
106,200 at 6.02%$638.09
106,200 at 6.03%$638.77
106,200 at 6.04%$639.46
106,200 at 6.05%$640.14
106,200 at 6.06%$640.83
106,200 at 6.07%$641.51
106,200 at 6.08%$642.20
106,200 at 6.09%$642.88
106,200 at 6.1%$643.57
106,200 at 6.11%$644.25
106,200 at 6.12%$644.94
106,200 at 6.13%$645.63
106,200 at 6.14%$646.31
106,200 at 6.15%$647.00
106,200 at 6.16%$647.69
106,200 at 6.17%$648.38
106,200 at 6.18%$649.06
106,200 at 6.19%$649.75
106,200 at 6.2%$650.44
106,200 at 6.21%$651.13
106,200 at 6.22%$651.82
106,200 at 6.23%$652.51
106,200 at 6.24%$653.20
106,200 at 6.25%$653.89
106,200 at 6.26%$654.58
106,200 at 6.27%$655.27
106,200 at 6.28%$655.97
106,200 at 6.29%$656.66
106,200 at 6.3%$657.35
106,200 at 6.31%$658.04
106,200 at 6.32%$658.73
106,200 at 6.33%$659.43
106,200 at 6.34%$660.12
106,200 at 6.35%$660.81
106,200 at 6.36%$661.51
106,200 at 6.37%$662.20
106,200 at 6.38%$662.90
106,200 at 6.39%$663.59
106,200 at 6.4%$664.29
106,200 at 6.41%$664.98
106,200 at 6.42%$665.68
106,200 at 6.43%$666.37
106,200 at 6.44%$667.07
106,200 at 6.45%$667.77
106,200 at 6.46%$668.46
106,200 at 6.47%$669.16
106,200 at 6.48%$669.86
106,200 at 6.49%$670.56
106,200 at 6.5%$671.26
Interest Rate 30 Year
106,200 at 6.51%$671.95
106,200 at 6.52%$672.65
106,200 at 6.53%$673.35
106,200 at 6.54%$674.05
106,200 at 6.55%$674.75
106,200 at 6.56%$675.45
106,200 at 6.57%$676.15
106,200 at 6.58%$676.85
106,200 at 6.59%$677.55
106,200 at 6.6%$678.26
106,200 at 6.61%$678.96
106,200 at 6.62%$679.66
106,200 at 6.63%$680.36
106,200 at 6.64%$681.06
106,200 at 6.65%$681.77
106,200 at 6.66%$682.47
106,200 at 6.67%$683.17
106,200 at 6.68%$683.88
106,200 at 6.69%$684.58
106,200 at 6.7%$685.29
106,200 at 6.71%$685.99
106,200 at 6.72%$686.69
106,200 at 6.73%$687.40
106,200 at 6.74%$688.11
106,200 at 6.75%$688.81
106,200 at 6.76%$689.52
106,200 at 6.77%$690.22
106,200 at 6.78%$690.93
106,200 at 6.79%$691.64
106,200 at 6.8%$692.34
106,200 at 6.81%$693.05
106,200 at 6.82%$693.76
106,200 at 6.83%$694.47
106,200 at 6.84%$695.18
106,200 at 6.85%$695.89
106,200 at 6.86%$696.59
106,200 at 6.87%$697.30
106,200 at 6.88%$698.01
106,200 at 6.89%$698.72
106,200 at 6.9%$699.43
106,200 at 6.91%$700.14
106,200 at 6.92%$700.85
106,200 at 6.93%$701.57
106,200 at 6.94%$702.28
106,200 at 6.95%$702.99
106,200 at 6.96%$703.70
106,200 at 6.97%$704.41
106,200 at 6.98%$705.13
106,200 at 6.99%$705.84
106,200 at 7%$706.55
106,200 at 7.01%$707.26
106,200 at 7.02%$707.98
106,200 at 7.03%$708.69
106,200 at 7.04%$709.41
106,200 at 7.05%$710.12
106,200 at 7.06%$710.84
106,200 at 7.07%$711.55
106,200 at 7.08%$712.27
106,200 at 7.09%$712.98
106,200 at 7.1%$713.70
106,200 at 7.11%$714.41
106,200 at 7.12%$715.13
106,200 at 7.13%$715.85
106,200 at 7.14%$716.56
106,200 at 7.15%$717.28
106,200 at 7.16%$718.00
106,200 at 7.17%$718.72
106,200 at 7.18%$719.44
106,200 at 7.19%$720.15
106,200 at 7.2%$720.87
106,200 at 7.21%$721.59
106,200 at 7.22%$722.31
106,200 at 7.23%$723.03
106,200 at 7.24%$723.75
106,200 at 7.25%$724.47
106,200 at 7.26%$725.19
106,200 at 7.27%$725.91
106,200 at 7.28%$726.63
106,200 at 7.29%$727.35
106,200 at 7.3%$728.08
106,200 at 7.31%$728.80
106,200 at 7.32%$729.52
106,200 at 7.33%$730.24
106,200 at 7.34%$730.97
106,200 at 7.35%$731.69
106,200 at 7.36%$732.41
106,200 at 7.37%$733.14
106,200 at 7.38%$733.86
106,200 at 7.39%$734.58
106,200 at 7.4%$735.31
106,200 at 7.41%$736.03
106,200 at 7.42%$736.76
106,200 at 7.43%$737.48
106,200 at 7.44%$738.21
106,200 at 7.45%$738.93
106,200 at 7.46%$739.66
106,200 at 7.47%$740.39
106,200 at 7.48%$741.11
106,200 at 7.49%$741.84
106,200 at 7.5%$742.57
106,200 at 7.51%$743.29
106,200 at 7.52%$744.02
106,200 at 7.53%$744.75
106,200 at 7.54%$745.48
106,200 at 7.55%$746.21
106,200 at 7.56%$746.93
106,200 at 7.57%$747.66
106,200 at 7.58%$748.39
106,200 at 7.59%$749.12
106,200 at 7.6%$749.85
106,200 at 7.61%$750.58
106,200 at 7.62%$751.31
106,200 at 7.63%$752.04
106,200 at 7.64%$752.77
106,200 at 7.65%$753.50
106,200 at 7.66%$754.24
106,200 at 7.67%$754.97
106,200 at 7.68%$755.70
106,200 at 7.69%$756.43
106,200 at 7.7%$757.16
106,200 at 7.71%$757.90
106,200 at 7.72%$758.63
106,200 at 7.73%$759.36
106,200 at 7.74%$760.10
106,200 at 7.75%$760.83
106,200 at 7.76%$761.56
106,200 at 7.77%$762.30
106,200 at 7.78%$763.03
106,200 at 7.79%$763.77
106,200 at 7.8%$764.50
106,200 at 7.81%$765.24
106,200 at 7.82%$765.97
106,200 at 7.83%$766.71
106,200 at 7.84%$767.45
106,200 at 7.85%$768.18
106,200 at 7.86%$768.92
106,200 at 7.87%$769.66
106,200 at 7.88%$770.39
106,200 at 7.89%$771.13
106,200 at 7.9%$771.87
106,200 at 7.91%$772.61
106,200 at 7.92%$773.34
106,200 at 7.93%$774.08
106,200 at 7.94%$774.82
106,200 at 7.95%$775.56
106,200 at 7.96%$776.30
106,200 at 7.97%$777.04
106,200 at 7.98%$777.78
106,200 at 7.99%$778.52
106,200 at 8%$779.26
More Amounts
What is the down payment for a $106,200 house? How much do you need to put down?
Percent Down Down Payment
1%1,062
2%2,124
3%3,186
4%4,248
5%5,310
6%6,372
7%7,434
8%8,496
9%9,558
10%10,620
11%11,682
12%12,744
13%13,806
14%14,868
15%15,930
16%16,992
17%18,054
18%19,116
19%20,178
20%21,240
Percent Down Down Payment
21%22,302
22%23,364
23%24,426
24%25,488
25%26,550
26%27,612
27%28,674
28%29,736
29%30,798
30%31,860
31%32,922
32%33,984
33%35,046
34%36,108
35%37,170
36%38,232
37%39,294
38%40,356
39%41,418
40%42,480
Percent Down Down Payment
41%43,542
42%44,604
43%45,666
44%46,728
45%47,790
46%48,852
47%49,914
48%50,976
49%52,038
50%53,100
51%54,162
52%55,224
53%56,286
54%57,348
55%58,410
56%59,472
57%60,534
58%61,596
59%62,658
60%63,720
Percent Down Down Payment
61%64,782
62%65,844
63%66,906
64%67,968
65%69,030
66%70,092
67%71,154
68%72,216
69%73,278
70%74,340
71%75,402
72%76,464
73%77,526
74%78,588
75%79,650
76%80,712
77%81,774
78%82,836
79%83,898
80%84,960
Percent Down Down Payment
81%86,022
82%87,084
83%88,146
84%89,208
85%90,270
86%91,332
87%92,394
88%93,456
89%94,518
90%95,580
91%96,642
92%97,704
93%98,766
94%99,828
95%100,890
96%101,952
97%103,014
98%104,076
99%105,138
100%106,200
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.