$106,700 Mortgage for 30 Years

What is the monthly payment of a 106,700 dollar loan?
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Loan Tables for a $106,700 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 107k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $106,700 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
106,700 at 2.01%$394.92
106,700 at 2.02%$395.45
106,700 at 2.03%$395.99
106,700 at 2.04%$396.52
106,700 at 2.05%$397.06
106,700 at 2.06%$397.59
106,700 at 2.07%$398.13
106,700 at 2.08%$398.67
106,700 at 2.09%$399.20
106,700 at 2.1%$399.74
106,700 at 2.11%$400.28
106,700 at 2.12%$400.82
106,700 at 2.13%$401.36
106,700 at 2.14%$401.90
106,700 at 2.15%$402.44
106,700 at 2.16%$402.98
106,700 at 2.17%$403.52
106,700 at 2.18%$404.06
106,700 at 2.19%$404.60
106,700 at 2.2%$405.14
106,700 at 2.21%$405.68
106,700 at 2.22%$406.23
106,700 at 2.23%$406.77
106,700 at 2.24%$407.31
106,700 at 2.25%$407.86
106,700 at 2.26%$408.40
106,700 at 2.27%$408.95
106,700 at 2.28%$409.49
106,700 at 2.29%$410.04
106,700 at 2.3%$410.58
106,700 at 2.31%$411.13
106,700 at 2.32%$411.68
106,700 at 2.33%$412.22
106,700 at 2.34%$412.77
106,700 at 2.35%$413.32
106,700 at 2.36%$413.87
106,700 at 2.37%$414.42
106,700 at 2.38%$414.97
106,700 at 2.39%$415.52
106,700 at 2.4%$416.07
106,700 at 2.41%$416.62
106,700 at 2.42%$417.17
106,700 at 2.43%$417.72
106,700 at 2.44%$418.27
106,700 at 2.45%$418.83
106,700 at 2.46%$419.38
106,700 at 2.47%$419.93
106,700 at 2.48%$420.49
106,700 at 2.49%$421.04
106,700 at 2.5%$421.59
106,700 at 2.51%$422.15
106,700 at 2.52%$422.70
106,700 at 2.53%$423.26
106,700 at 2.54%$423.82
106,700 at 2.55%$424.37
106,700 at 2.56%$424.93
106,700 at 2.57%$425.49
106,700 at 2.58%$426.05
106,700 at 2.59%$426.60
106,700 at 2.6%$427.16
106,700 at 2.61%$427.72
106,700 at 2.62%$428.28
106,700 at 2.63%$428.84
106,700 at 2.64%$429.40
106,700 at 2.65%$429.96
106,700 at 2.66%$430.52
106,700 at 2.67%$431.09
106,700 at 2.68%$431.65
106,700 at 2.69%$432.21
106,700 at 2.7%$432.77
106,700 at 2.71%$433.34
106,700 at 2.72%$433.90
106,700 at 2.73%$434.46
106,700 at 2.74%$435.03
106,700 at 2.75%$435.59
106,700 at 2.76%$436.16
106,700 at 2.77%$436.72
106,700 at 2.78%$437.29
106,700 at 2.79%$437.86
106,700 at 2.8%$438.42
106,700 at 2.81%$438.99
106,700 at 2.82%$439.56
106,700 at 2.83%$440.13
106,700 at 2.84%$440.70
106,700 at 2.85%$441.27
106,700 at 2.86%$441.84
106,700 at 2.87%$442.41
106,700 at 2.88%$442.98
106,700 at 2.89%$443.55
106,700 at 2.9%$444.12
106,700 at 2.91%$444.69
106,700 at 2.92%$445.26
106,700 at 2.93%$445.83
106,700 at 2.94%$446.41
106,700 at 2.95%$446.98
106,700 at 2.96%$447.55
106,700 at 2.97%$448.13
106,700 at 2.98%$448.70
106,700 at 2.99%$449.28
106,700 at 3%$449.85
106,700 at 3.01%$450.43
106,700 at 3.02%$451.00
106,700 at 3.03%$451.58
106,700 at 3.04%$452.16
106,700 at 3.05%$452.73
106,700 at 3.06%$453.31
106,700 at 3.07%$453.89
106,700 at 3.08%$454.47
106,700 at 3.09%$455.05
106,700 at 3.1%$455.63
106,700 at 3.11%$456.21
106,700 at 3.12%$456.79
106,700 at 3.13%$457.37
106,700 at 3.14%$457.95
106,700 at 3.15%$458.53
106,700 at 3.16%$459.11
106,700 at 3.17%$459.69
106,700 at 3.18%$460.28
106,700 at 3.19%$460.86
106,700 at 3.2%$461.44
106,700 at 3.21%$462.03
106,700 at 3.22%$462.61
106,700 at 3.23%$463.19
106,700 at 3.24%$463.78
106,700 at 3.25%$464.37
106,700 at 3.26%$464.95
106,700 at 3.27%$465.54
106,700 at 3.28%$466.12
106,700 at 3.29%$466.71
106,700 at 3.3%$467.30
106,700 at 3.31%$467.89
106,700 at 3.32%$468.47
106,700 at 3.33%$469.06
106,700 at 3.34%$469.65
106,700 at 3.35%$470.24
106,700 at 3.36%$470.83
106,700 at 3.37%$471.42
106,700 at 3.38%$472.01
106,700 at 3.39%$472.60
106,700 at 3.4%$473.19
106,700 at 3.41%$473.79
106,700 at 3.42%$474.38
106,700 at 3.43%$474.97
106,700 at 3.44%$475.56
106,700 at 3.45%$476.16
106,700 at 3.46%$476.75
106,700 at 3.47%$477.35
106,700 at 3.48%$477.94
106,700 at 3.49%$478.54
106,700 at 3.5%$479.13
Interest Rate 30 Year
106,700 at 3.51%$479.73
106,700 at 3.52%$480.32
106,700 at 3.53%$480.92
106,700 at 3.54%$481.52
106,700 at 3.55%$482.11
106,700 at 3.56%$482.71
106,700 at 3.57%$483.31
106,700 at 3.58%$483.91
106,700 at 3.59%$484.51
106,700 at 3.6%$485.11
106,700 at 3.61%$485.71
106,700 at 3.62%$486.31
106,700 at 3.63%$486.91
106,700 at 3.64%$487.51
106,700 at 3.65%$488.11
106,700 at 3.66%$488.71
106,700 at 3.67%$489.31
106,700 at 3.68%$489.92
106,700 at 3.69%$490.52
106,700 at 3.7%$491.12
106,700 at 3.71%$491.73
106,700 at 3.72%$492.33
106,700 at 3.73%$492.93
106,700 at 3.74%$493.54
106,700 at 3.75%$494.14
106,700 at 3.76%$494.75
106,700 at 3.77%$495.36
106,700 at 3.78%$495.96
106,700 at 3.79%$496.57
106,700 at 3.8%$497.18
106,700 at 3.81%$497.78
106,700 at 3.82%$498.39
106,700 at 3.83%$499.00
106,700 at 3.84%$499.61
106,700 at 3.85%$500.22
106,700 at 3.86%$500.83
106,700 at 3.87%$501.44
106,700 at 3.88%$502.05
106,700 at 3.89%$502.66
106,700 at 3.9%$503.27
106,700 at 3.91%$503.88
106,700 at 3.92%$504.49
106,700 at 3.93%$505.11
106,700 at 3.94%$505.72
106,700 at 3.95%$506.33
106,700 at 3.96%$506.94
106,700 at 3.97%$507.56
106,700 at 3.98%$508.17
106,700 at 3.99%$508.79
106,700 at 4%$509.40
106,700 at 4.01%$510.02
106,700 at 4.02%$510.63
106,700 at 4.03%$511.25
106,700 at 4.04%$511.87
106,700 at 4.05%$512.48
106,700 at 4.06%$513.10
106,700 at 4.07%$513.72
106,700 at 4.08%$514.34
106,700 at 4.09%$514.95
106,700 at 4.1%$515.57
106,700 at 4.11%$516.19
106,700 at 4.12%$516.81
106,700 at 4.13%$517.43
106,700 at 4.14%$518.05
106,700 at 4.15%$518.67
106,700 at 4.16%$519.29
106,700 at 4.17%$519.91
106,700 at 4.18%$520.54
106,700 at 4.19%$521.16
106,700 at 4.2%$521.78
106,700 at 4.21%$522.40
106,700 at 4.22%$523.03
106,700 at 4.23%$523.65
106,700 at 4.24%$524.28
106,700 at 4.25%$524.90
106,700 at 4.26%$525.52
106,700 at 4.27%$526.15
106,700 at 4.28%$526.78
106,700 at 4.29%$527.40
106,700 at 4.3%$528.03
106,700 at 4.31%$528.65
106,700 at 4.32%$529.28
106,700 at 4.33%$529.91
106,700 at 4.34%$530.54
106,700 at 4.35%$531.17
106,700 at 4.36%$531.79
106,700 at 4.37%$532.42
106,700 at 4.38%$533.05
106,700 at 4.39%$533.68
106,700 at 4.4%$534.31
106,700 at 4.41%$534.94
106,700 at 4.42%$535.57
106,700 at 4.43%$536.20
106,700 at 4.44%$536.84
106,700 at 4.45%$537.47
106,700 at 4.46%$538.10
106,700 at 4.47%$538.73
106,700 at 4.48%$539.37
106,700 at 4.49%$540.00
106,700 at 4.5%$540.63
106,700 at 4.51%$541.27
106,700 at 4.52%$541.90
106,700 at 4.53%$542.54
106,700 at 4.54%$543.17
106,700 at 4.55%$543.81
106,700 at 4.56%$544.44
106,700 at 4.57%$545.08
106,700 at 4.58%$545.72
106,700 at 4.59%$546.35
106,700 at 4.6%$546.99
106,700 at 4.61%$547.63
106,700 at 4.62%$548.27
106,700 at 4.63%$548.91
106,700 at 4.64%$549.55
106,700 at 4.65%$550.18
106,700 at 4.66%$550.82
106,700 at 4.67%$551.46
106,700 at 4.68%$552.10
106,700 at 4.69%$552.75
106,700 at 4.7%$553.39
106,700 at 4.71%$554.03
106,700 at 4.72%$554.67
106,700 at 4.73%$555.31
106,700 at 4.74%$555.95
106,700 at 4.75%$556.60
106,700 at 4.76%$557.24
106,700 at 4.77%$557.88
106,700 at 4.78%$558.53
106,700 at 4.79%$559.17
106,700 at 4.8%$559.82
106,700 at 4.81%$560.46
106,700 at 4.82%$561.11
106,700 at 4.83%$561.75
106,700 at 4.84%$562.40
106,700 at 4.85%$563.05
106,700 at 4.86%$563.69
106,700 at 4.87%$564.34
106,700 at 4.88%$564.99
106,700 at 4.89%$565.64
106,700 at 4.9%$566.29
106,700 at 4.91%$566.93
106,700 at 4.92%$567.58
106,700 at 4.93%$568.23
106,700 at 4.94%$568.88
106,700 at 4.95%$569.53
106,700 at 4.96%$570.18
106,700 at 4.97%$570.83
106,700 at 4.98%$571.49
106,700 at 4.99%$572.14
106,700 at 5%$572.79
Interest Rate 30 Year
106,700 at 5.01%$573.44
106,700 at 5.02%$574.09
106,700 at 5.03%$574.75
106,700 at 5.04%$575.40
106,700 at 5.05%$576.05
106,700 at 5.06%$576.71
106,700 at 5.07%$577.36
106,700 at 5.08%$578.02
106,700 at 5.09%$578.67
106,700 at 5.1%$579.33
106,700 at 5.11%$579.98
106,700 at 5.12%$580.64
106,700 at 5.13%$581.30
106,700 at 5.14%$581.95
106,700 at 5.15%$582.61
106,700 at 5.16%$583.27
106,700 at 5.17%$583.93
106,700 at 5.18%$584.58
106,700 at 5.19%$585.24
106,700 at 5.2%$585.90
106,700 at 5.21%$586.56
106,700 at 5.22%$587.22
106,700 at 5.23%$587.88
106,700 at 5.24%$588.54
106,700 at 5.25%$589.20
106,700 at 5.26%$589.86
106,700 at 5.27%$590.52
106,700 at 5.28%$591.19
106,700 at 5.29%$591.85
106,700 at 5.3%$592.51
106,700 at 5.31%$593.17
106,700 at 5.32%$593.84
106,700 at 5.33%$594.50
106,700 at 5.34%$595.16
106,700 at 5.35%$595.83
106,700 at 5.36%$596.49
106,700 at 5.37%$597.16
106,700 at 5.38%$597.82
106,700 at 5.39%$598.49
106,700 at 5.4%$599.15
106,700 at 5.41%$599.82
106,700 at 5.42%$600.49
106,700 at 5.43%$601.15
106,700 at 5.44%$601.82
106,700 at 5.45%$602.49
106,700 at 5.46%$603.16
106,700 at 5.47%$603.82
106,700 at 5.48%$604.49
106,700 at 5.49%$605.16
106,700 at 5.5%$605.83
106,700 at 5.51%$606.50
106,700 at 5.52%$607.17
106,700 at 5.53%$607.84
106,700 at 5.54%$608.51
106,700 at 5.55%$609.18
106,700 at 5.56%$609.85
106,700 at 5.57%$610.53
106,700 at 5.58%$611.20
106,700 at 5.59%$611.87
106,700 at 5.6%$612.54
106,700 at 5.61%$613.22
106,700 at 5.62%$613.89
106,700 at 5.63%$614.56
106,700 at 5.64%$615.24
106,700 at 5.65%$615.91
106,700 at 5.66%$616.59
106,700 at 5.67%$617.26
106,700 at 5.68%$617.94
106,700 at 5.69%$618.61
106,700 at 5.7%$619.29
106,700 at 5.71%$619.96
106,700 at 5.72%$620.64
106,700 at 5.73%$621.32
106,700 at 5.74%$621.99
106,700 at 5.75%$622.67
106,700 at 5.76%$623.35
106,700 at 5.77%$624.03
106,700 at 5.78%$624.71
106,700 at 5.79%$625.39
106,700 at 5.8%$626.07
106,700 at 5.81%$626.75
106,700 at 5.82%$627.43
106,700 at 5.83%$628.11
106,700 at 5.84%$628.79
106,700 at 5.85%$629.47
106,700 at 5.86%$630.15
106,700 at 5.87%$630.83
106,700 at 5.88%$631.51
106,700 at 5.89%$632.19
106,700 at 5.9%$632.88
106,700 at 5.91%$633.56
106,700 at 5.92%$634.24
106,700 at 5.93%$634.93
106,700 at 5.94%$635.61
106,700 at 5.95%$636.29
106,700 at 5.96%$636.98
106,700 at 5.97%$637.66
106,700 at 5.98%$638.35
106,700 at 5.99%$639.03
106,700 at 6%$639.72
106,700 at 6.01%$640.41
106,700 at 6.02%$641.09
106,700 at 6.03%$641.78
106,700 at 6.04%$642.47
106,700 at 6.05%$643.15
106,700 at 6.06%$643.84
106,700 at 6.07%$644.53
106,700 at 6.08%$645.22
106,700 at 6.09%$645.91
106,700 at 6.1%$646.60
106,700 at 6.11%$647.29
106,700 at 6.12%$647.98
106,700 at 6.13%$648.67
106,700 at 6.14%$649.36
106,700 at 6.15%$650.05
106,700 at 6.16%$650.74
106,700 at 6.17%$651.43
106,700 at 6.18%$652.12
106,700 at 6.19%$652.81
106,700 at 6.2%$653.50
106,700 at 6.21%$654.20
106,700 at 6.22%$654.89
106,700 at 6.23%$655.58
106,700 at 6.24%$656.28
106,700 at 6.25%$656.97
106,700 at 6.26%$657.66
106,700 at 6.27%$658.36
106,700 at 6.28%$659.05
106,700 at 6.29%$659.75
106,700 at 6.3%$660.44
106,700 at 6.31%$661.14
106,700 at 6.32%$661.84
106,700 at 6.33%$662.53
106,700 at 6.34%$663.23
106,700 at 6.35%$663.93
106,700 at 6.36%$664.62
106,700 at 6.37%$665.32
106,700 at 6.38%$666.02
106,700 at 6.39%$666.72
106,700 at 6.4%$667.41
106,700 at 6.41%$668.11
106,700 at 6.42%$668.81
106,700 at 6.43%$669.51
106,700 at 6.44%$670.21
106,700 at 6.45%$670.91
106,700 at 6.46%$671.61
106,700 at 6.47%$672.31
106,700 at 6.48%$673.01
106,700 at 6.49%$673.72
106,700 at 6.5%$674.42
Interest Rate 30 Year
106,700 at 6.51%$675.12
106,700 at 6.52%$675.82
106,700 at 6.53%$676.52
106,700 at 6.54%$677.23
106,700 at 6.55%$677.93
106,700 at 6.56%$678.63
106,700 at 6.57%$679.34
106,700 at 6.58%$680.04
106,700 at 6.59%$680.74
106,700 at 6.6%$681.45
106,700 at 6.61%$682.15
106,700 at 6.62%$682.86
106,700 at 6.63%$683.56
106,700 at 6.64%$684.27
106,700 at 6.65%$684.98
106,700 at 6.66%$685.68
106,700 at 6.67%$686.39
106,700 at 6.68%$687.10
106,700 at 6.69%$687.80
106,700 at 6.7%$688.51
106,700 at 6.71%$689.22
106,700 at 6.72%$689.93
106,700 at 6.73%$690.64
106,700 at 6.74%$691.35
106,700 at 6.75%$692.05
106,700 at 6.76%$692.76
106,700 at 6.77%$693.47
106,700 at 6.78%$694.18
106,700 at 6.79%$694.89
106,700 at 6.8%$695.60
106,700 at 6.81%$696.32
106,700 at 6.82%$697.03
106,700 at 6.83%$697.74
106,700 at 6.84%$698.45
106,700 at 6.85%$699.16
106,700 at 6.86%$699.87
106,700 at 6.87%$700.59
106,700 at 6.88%$701.30
106,700 at 6.89%$702.01
106,700 at 6.9%$702.73
106,700 at 6.91%$703.44
106,700 at 6.92%$704.15
106,700 at 6.93%$704.87
106,700 at 6.94%$705.58
106,700 at 6.95%$706.30
106,700 at 6.96%$707.01
106,700 at 6.97%$707.73
106,700 at 6.98%$708.45
106,700 at 6.99%$709.16
106,700 at 7%$709.88
106,700 at 7.01%$710.59
106,700 at 7.02%$711.31
106,700 at 7.03%$712.03
106,700 at 7.04%$712.75
106,700 at 7.05%$713.46
106,700 at 7.06%$714.18
106,700 at 7.07%$714.90
106,700 at 7.08%$715.62
106,700 at 7.09%$716.34
106,700 at 7.1%$717.06
106,700 at 7.11%$717.78
106,700 at 7.12%$718.50
106,700 at 7.13%$719.22
106,700 at 7.14%$719.94
106,700 at 7.15%$720.66
106,700 at 7.16%$721.38
106,700 at 7.17%$722.10
106,700 at 7.18%$722.82
106,700 at 7.19%$723.54
106,700 at 7.2%$724.27
106,700 at 7.21%$724.99
106,700 at 7.22%$725.71
106,700 at 7.23%$726.44
106,700 at 7.24%$727.16
106,700 at 7.25%$727.88
106,700 at 7.26%$728.61
106,700 at 7.27%$729.33
106,700 at 7.28%$730.05
106,700 at 7.29%$730.78
106,700 at 7.3%$731.50
106,700 at 7.31%$732.23
106,700 at 7.32%$732.95
106,700 at 7.33%$733.68
106,700 at 7.34%$734.41
106,700 at 7.35%$735.13
106,700 at 7.36%$735.86
106,700 at 7.37%$736.59
106,700 at 7.38%$737.31
106,700 at 7.39%$738.04
106,700 at 7.4%$738.77
106,700 at 7.41%$739.50
106,700 at 7.42%$740.23
106,700 at 7.43%$740.95
106,700 at 7.44%$741.68
106,700 at 7.45%$742.41
106,700 at 7.46%$743.14
106,700 at 7.47%$743.87
106,700 at 7.48%$744.60
106,700 at 7.49%$745.33
106,700 at 7.5%$746.06
106,700 at 7.51%$746.79
106,700 at 7.52%$747.52
106,700 at 7.53%$748.25
106,700 at 7.54%$748.99
106,700 at 7.55%$749.72
106,700 at 7.56%$750.45
106,700 at 7.57%$751.18
106,700 at 7.58%$751.92
106,700 at 7.59%$752.65
106,700 at 7.6%$753.38
106,700 at 7.61%$754.12
106,700 at 7.62%$754.85
106,700 at 7.63%$755.58
106,700 at 7.64%$756.32
106,700 at 7.65%$757.05
106,700 at 7.66%$757.79
106,700 at 7.67%$758.52
106,700 at 7.68%$759.26
106,700 at 7.69%$759.99
106,700 at 7.7%$760.73
106,700 at 7.71%$761.46
106,700 at 7.72%$762.20
106,700 at 7.73%$762.94
106,700 at 7.74%$763.67
106,700 at 7.75%$764.41
106,700 at 7.76%$765.15
106,700 at 7.77%$765.89
106,700 at 7.78%$766.63
106,700 at 7.79%$767.36
106,700 at 7.8%$768.10
106,700 at 7.81%$768.84
106,700 at 7.82%$769.58
106,700 at 7.83%$770.32
106,700 at 7.84%$771.06
106,700 at 7.85%$771.80
106,700 at 7.86%$772.54
106,700 at 7.87%$773.28
106,700 at 7.88%$774.02
106,700 at 7.89%$774.76
106,700 at 7.9%$775.50
106,700 at 7.91%$776.24
106,700 at 7.92%$776.98
106,700 at 7.93%$777.73
106,700 at 7.94%$778.47
106,700 at 7.95%$779.21
106,700 at 7.96%$779.95
106,700 at 7.97%$780.70
106,700 at 7.98%$781.44
106,700 at 7.99%$782.18
106,700 at 8%$782.93
More Amounts
What is the down payment for a $106,700 house? How much do you need to put down?
Percent Down Down Payment
1%1,067
2%2,134
3%3,201
4%4,268
5%5,335
6%6,402
7%7,469
8%8,536
9%9,603
10%10,670
11%11,737
12%12,804
13%13,871
14%14,938
15%16,005
16%17,072
17%18,139
18%19,206
19%20,273
20%21,340
Percent Down Down Payment
21%22,407
22%23,474
23%24,541
24%25,608
25%26,675
26%27,742
27%28,809
28%29,876
29%30,943
30%32,010
31%33,077
32%34,144
33%35,211
34%36,278
35%37,345
36%38,412
37%39,479
38%40,546
39%41,613
40%42,680
Percent Down Down Payment
41%43,747
42%44,814
43%45,881
44%46,948
45%48,015
46%49,082
47%50,149
48%51,216
49%52,283
50%53,350
51%54,417
52%55,484
53%56,551
54%57,618
55%58,685
56%59,752
57%60,819
58%61,886
59%62,953
60%64,020
Percent Down Down Payment
61%65,087
62%66,154
63%67,221
64%68,288
65%69,355
66%70,422
67%71,489
68%72,556
69%73,623
70%74,690
71%75,757
72%76,824
73%77,891
74%78,958
75%80,025
76%81,092
77%82,159
78%83,226
79%84,293
80%85,360
Percent Down Down Payment
81%86,427
82%87,494
83%88,561
84%89,628
85%90,695
86%91,762
87%92,829
88%93,896
89%94,963
90%96,030
91%97,097
92%98,164
93%99,231
94%100,298
95%101,365
96%102,432
97%103,499
98%104,566
99%105,633
100%106,700
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.