$106,850 Mortgage for 30 Years

What is the monthly payment of a 106,850 dollar loan?
$
$
%
%
years
Loan Tables for a $106,850 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 $106,850 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
106,850 at 2.01%$395.47
106,850 at 2.02%$396.01
106,850 at 2.03%$396.54
106,850 at 2.04%$397.08
106,850 at 2.05%$397.62
106,850 at 2.06%$398.15
106,850 at 2.07%$398.69
106,850 at 2.08%$399.23
106,850 at 2.09%$399.76
106,850 at 2.1%$400.30
106,850 at 2.11%$400.84
106,850 at 2.12%$401.38
106,850 at 2.13%$401.92
106,850 at 2.14%$402.46
106,850 at 2.15%$403.00
106,850 at 2.16%$403.54
106,850 at 2.17%$404.08
106,850 at 2.18%$404.63
106,850 at 2.19%$405.17
106,850 at 2.2%$405.71
106,850 at 2.21%$406.25
106,850 at 2.22%$406.80
106,850 at 2.23%$407.34
106,850 at 2.24%$407.89
106,850 at 2.25%$408.43
106,850 at 2.26%$408.98
106,850 at 2.27%$409.52
106,850 at 2.28%$410.07
106,850 at 2.29%$410.61
106,850 at 2.3%$411.16
106,850 at 2.31%$411.71
106,850 at 2.32%$412.26
106,850 at 2.33%$412.80
106,850 at 2.34%$413.35
106,850 at 2.35%$413.90
106,850 at 2.36%$414.45
106,850 at 2.37%$415.00
106,850 at 2.38%$415.55
106,850 at 2.39%$416.10
106,850 at 2.4%$416.65
106,850 at 2.41%$417.20
106,850 at 2.42%$417.76
106,850 at 2.43%$418.31
106,850 at 2.44%$418.86
106,850 at 2.45%$419.41
106,850 at 2.46%$419.97
106,850 at 2.47%$420.52
106,850 at 2.48%$421.08
106,850 at 2.49%$421.63
106,850 at 2.5%$422.19
106,850 at 2.51%$422.74
106,850 at 2.52%$423.30
106,850 at 2.53%$423.86
106,850 at 2.54%$424.41
106,850 at 2.55%$424.97
106,850 at 2.56%$425.53
106,850 at 2.57%$426.09
106,850 at 2.58%$426.64
106,850 at 2.59%$427.20
106,850 at 2.6%$427.76
106,850 at 2.61%$428.32
106,850 at 2.62%$428.88
106,850 at 2.63%$429.44
106,850 at 2.64%$430.01
106,850 at 2.65%$430.57
106,850 at 2.66%$431.13
106,850 at 2.67%$431.69
106,850 at 2.68%$432.25
106,850 at 2.69%$432.82
106,850 at 2.7%$433.38
106,850 at 2.71%$433.95
106,850 at 2.72%$434.51
106,850 at 2.73%$435.07
106,850 at 2.74%$435.64
106,850 at 2.75%$436.21
106,850 at 2.76%$436.77
106,850 at 2.77%$437.34
106,850 at 2.78%$437.91
106,850 at 2.79%$438.47
106,850 at 2.8%$439.04
106,850 at 2.81%$439.61
106,850 at 2.82%$440.18
106,850 at 2.83%$440.75
106,850 at 2.84%$441.32
106,850 at 2.85%$441.89
106,850 at 2.86%$442.46
106,850 at 2.87%$443.03
106,850 at 2.88%$443.60
106,850 at 2.89%$444.17
106,850 at 2.9%$444.74
106,850 at 2.91%$445.31
106,850 at 2.92%$445.89
106,850 at 2.93%$446.46
106,850 at 2.94%$447.03
106,850 at 2.95%$447.61
106,850 at 2.96%$448.18
106,850 at 2.97%$448.76
106,850 at 2.98%$449.33
106,850 at 2.99%$449.91
106,850 at 3%$450.48
106,850 at 3.01%$451.06
106,850 at 3.02%$451.64
106,850 at 3.03%$452.21
106,850 at 3.04%$452.79
106,850 at 3.05%$453.37
106,850 at 3.06%$453.95
106,850 at 3.07%$454.53
106,850 at 3.08%$455.11
106,850 at 3.09%$455.69
106,850 at 3.1%$456.27
106,850 at 3.11%$456.85
106,850 at 3.12%$457.43
106,850 at 3.13%$458.01
106,850 at 3.14%$458.59
106,850 at 3.15%$459.17
106,850 at 3.16%$459.76
106,850 at 3.17%$460.34
106,850 at 3.18%$460.92
106,850 at 3.19%$461.51
106,850 at 3.2%$462.09
106,850 at 3.21%$462.68
106,850 at 3.22%$463.26
106,850 at 3.23%$463.85
106,850 at 3.24%$464.43
106,850 at 3.25%$465.02
106,850 at 3.26%$465.60
106,850 at 3.27%$466.19
106,850 at 3.28%$466.78
106,850 at 3.29%$467.37
106,850 at 3.3%$467.96
106,850 at 3.31%$468.54
106,850 at 3.32%$469.13
106,850 at 3.33%$469.72
106,850 at 3.34%$470.31
106,850 at 3.35%$470.90
106,850 at 3.36%$471.49
106,850 at 3.37%$472.08
106,850 at 3.38%$472.68
106,850 at 3.39%$473.27
106,850 at 3.4%$473.86
106,850 at 3.41%$474.45
106,850 at 3.42%$475.05
106,850 at 3.43%$475.64
106,850 at 3.44%$476.23
106,850 at 3.45%$476.83
106,850 at 3.46%$477.42
106,850 at 3.47%$478.02
106,850 at 3.48%$478.61
106,850 at 3.49%$479.21
106,850 at 3.5%$479.80
Interest Rate 30 Year
106,850 at 3.51%$480.40
106,850 at 3.52%$481.00
106,850 at 3.53%$481.60
106,850 at 3.54%$482.19
106,850 at 3.55%$482.79
106,850 at 3.56%$483.39
106,850 at 3.57%$483.99
106,850 at 3.58%$484.59
106,850 at 3.59%$485.19
106,850 at 3.6%$485.79
106,850 at 3.61%$486.39
106,850 at 3.62%$486.99
106,850 at 3.63%$487.59
106,850 at 3.64%$488.19
106,850 at 3.65%$488.80
106,850 at 3.66%$489.40
106,850 at 3.67%$490.00
106,850 at 3.68%$490.60
106,850 at 3.69%$491.21
106,850 at 3.7%$491.81
106,850 at 3.71%$492.42
106,850 at 3.72%$493.02
106,850 at 3.73%$493.63
106,850 at 3.74%$494.23
106,850 at 3.75%$494.84
106,850 at 3.76%$495.45
106,850 at 3.77%$496.05
106,850 at 3.78%$496.66
106,850 at 3.79%$497.27
106,850 at 3.8%$497.88
106,850 at 3.81%$498.48
106,850 at 3.82%$499.09
106,850 at 3.83%$499.70
106,850 at 3.84%$500.31
106,850 at 3.85%$500.92
106,850 at 3.86%$501.53
106,850 at 3.87%$502.14
106,850 at 3.88%$502.75
106,850 at 3.89%$503.37
106,850 at 3.9%$503.98
106,850 at 3.91%$504.59
106,850 at 3.92%$505.20
106,850 at 3.93%$505.82
106,850 at 3.94%$506.43
106,850 at 3.95%$507.04
106,850 at 3.96%$507.66
106,850 at 3.97%$508.27
106,850 at 3.98%$508.89
106,850 at 3.99%$509.50
106,850 at 4%$510.12
106,850 at 4.01%$510.73
106,850 at 4.02%$511.35
106,850 at 4.03%$511.97
106,850 at 4.04%$512.59
106,850 at 4.05%$513.20
106,850 at 4.06%$513.82
106,850 at 4.07%$514.44
106,850 at 4.08%$515.06
106,850 at 4.09%$515.68
106,850 at 4.1%$516.30
106,850 at 4.11%$516.92
106,850 at 4.12%$517.54
106,850 at 4.13%$518.16
106,850 at 4.14%$518.78
106,850 at 4.15%$519.40
106,850 at 4.16%$520.02
106,850 at 4.17%$520.65
106,850 at 4.18%$521.27
106,850 at 4.19%$521.89
106,850 at 4.2%$522.51
106,850 at 4.21%$523.14
106,850 at 4.22%$523.76
106,850 at 4.23%$524.39
106,850 at 4.24%$525.01
106,850 at 4.25%$525.64
106,850 at 4.26%$526.26
106,850 at 4.27%$526.89
106,850 at 4.28%$527.52
106,850 at 4.29%$528.14
106,850 at 4.3%$528.77
106,850 at 4.31%$529.40
106,850 at 4.32%$530.03
106,850 at 4.33%$530.65
106,850 at 4.34%$531.28
106,850 at 4.35%$531.91
106,850 at 4.36%$532.54
106,850 at 4.37%$533.17
106,850 at 4.38%$533.80
106,850 at 4.39%$534.43
106,850 at 4.4%$535.06
106,850 at 4.41%$535.69
106,850 at 4.42%$536.33
106,850 at 4.43%$536.96
106,850 at 4.44%$537.59
106,850 at 4.45%$538.22
106,850 at 4.46%$538.86
106,850 at 4.47%$539.49
106,850 at 4.48%$540.12
106,850 at 4.49%$540.76
106,850 at 4.5%$541.39
106,850 at 4.51%$542.03
106,850 at 4.52%$542.66
106,850 at 4.53%$543.30
106,850 at 4.54%$543.94
106,850 at 4.55%$544.57
106,850 at 4.56%$545.21
106,850 at 4.57%$545.85
106,850 at 4.58%$546.48
106,850 at 4.59%$547.12
106,850 at 4.6%$547.76
106,850 at 4.61%$548.40
106,850 at 4.62%$549.04
106,850 at 4.63%$549.68
106,850 at 4.64%$550.32
106,850 at 4.65%$550.96
106,850 at 4.66%$551.60
106,850 at 4.67%$552.24
106,850 at 4.68%$552.88
106,850 at 4.69%$553.52
106,850 at 4.7%$554.16
106,850 at 4.71%$554.81
106,850 at 4.72%$555.45
106,850 at 4.73%$556.09
106,850 at 4.74%$556.74
106,850 at 4.75%$557.38
106,850 at 4.76%$558.02
106,850 at 4.77%$558.67
106,850 at 4.78%$559.31
106,850 at 4.79%$559.96
106,850 at 4.8%$560.60
106,850 at 4.81%$561.25
106,850 at 4.82%$561.90
106,850 at 4.83%$562.54
106,850 at 4.84%$563.19
106,850 at 4.85%$563.84
106,850 at 4.86%$564.49
106,850 at 4.87%$565.13
106,850 at 4.88%$565.78
106,850 at 4.89%$566.43
106,850 at 4.9%$567.08
106,850 at 4.91%$567.73
106,850 at 4.92%$568.38
106,850 at 4.93%$569.03
106,850 at 4.94%$569.68
106,850 at 4.95%$570.33
106,850 at 4.96%$570.98
106,850 at 4.97%$571.64
106,850 at 4.98%$572.29
106,850 at 4.99%$572.94
106,850 at 5%$573.59
Interest Rate 30 Year
106,850 at 5.01%$574.25
106,850 at 5.02%$574.90
106,850 at 5.03%$575.55
106,850 at 5.04%$576.21
106,850 at 5.05%$576.86
106,850 at 5.06%$577.52
106,850 at 5.07%$578.17
106,850 at 5.08%$578.83
106,850 at 5.09%$579.49
106,850 at 5.1%$580.14
106,850 at 5.11%$580.80
106,850 at 5.12%$581.46
106,850 at 5.13%$582.11
106,850 at 5.14%$582.77
106,850 at 5.15%$583.43
106,850 at 5.16%$584.09
106,850 at 5.17%$584.75
106,850 at 5.18%$585.41
106,850 at 5.19%$586.07
106,850 at 5.2%$586.72
106,850 at 5.21%$587.39
106,850 at 5.22%$588.05
106,850 at 5.23%$588.71
106,850 at 5.24%$589.37
106,850 at 5.25%$590.03
106,850 at 5.26%$590.69
106,850 at 5.27%$591.35
106,850 at 5.28%$592.02
106,850 at 5.29%$592.68
106,850 at 5.3%$593.34
106,850 at 5.31%$594.01
106,850 at 5.32%$594.67
106,850 at 5.33%$595.34
106,850 at 5.34%$596.00
106,850 at 5.35%$596.67
106,850 at 5.36%$597.33
106,850 at 5.37%$598.00
106,850 at 5.38%$598.66
106,850 at 5.39%$599.33
106,850 at 5.4%$600.00
106,850 at 5.41%$600.66
106,850 at 5.42%$601.33
106,850 at 5.43%$602.00
106,850 at 5.44%$602.67
106,850 at 5.45%$603.33
106,850 at 5.46%$604.00
106,850 at 5.47%$604.67
106,850 at 5.48%$605.34
106,850 at 5.49%$606.01
106,850 at 5.5%$606.68
106,850 at 5.51%$607.35
106,850 at 5.52%$608.02
106,850 at 5.53%$608.70
106,850 at 5.54%$609.37
106,850 at 5.55%$610.04
106,850 at 5.56%$610.71
106,850 at 5.57%$611.38
106,850 at 5.58%$612.06
106,850 at 5.59%$612.73
106,850 at 5.6%$613.40
106,850 at 5.61%$614.08
106,850 at 5.62%$614.75
106,850 at 5.63%$615.43
106,850 at 5.64%$616.10
106,850 at 5.65%$616.78
106,850 at 5.66%$617.45
106,850 at 5.67%$618.13
106,850 at 5.68%$618.80
106,850 at 5.69%$619.48
106,850 at 5.7%$620.16
106,850 at 5.71%$620.84
106,850 at 5.72%$621.51
106,850 at 5.73%$622.19
106,850 at 5.74%$622.87
106,850 at 5.75%$623.55
106,850 at 5.76%$624.23
106,850 at 5.77%$624.91
106,850 at 5.78%$625.59
106,850 at 5.79%$626.27
106,850 at 5.8%$626.95
106,850 at 5.81%$627.63
106,850 at 5.82%$628.31
106,850 at 5.83%$628.99
106,850 at 5.84%$629.67
106,850 at 5.85%$630.35
106,850 at 5.86%$631.03
106,850 at 5.87%$631.72
106,850 at 5.88%$632.40
106,850 at 5.89%$633.08
106,850 at 5.9%$633.77
106,850 at 5.91%$634.45
106,850 at 5.92%$635.13
106,850 at 5.93%$635.82
106,850 at 5.94%$636.50
106,850 at 5.95%$637.19
106,850 at 5.96%$637.87
106,850 at 5.97%$638.56
106,850 at 5.98%$639.25
106,850 at 5.99%$639.93
106,850 at 6%$640.62
106,850 at 6.01%$641.31
106,850 at 6.02%$641.99
106,850 at 6.03%$642.68
106,850 at 6.04%$643.37
106,850 at 6.05%$644.06
106,850 at 6.06%$644.75
106,850 at 6.07%$645.44
106,850 at 6.08%$646.13
106,850 at 6.09%$646.82
106,850 at 6.1%$647.51
106,850 at 6.11%$648.20
106,850 at 6.12%$648.89
106,850 at 6.13%$649.58
106,850 at 6.14%$650.27
106,850 at 6.15%$650.96
106,850 at 6.16%$651.65
106,850 at 6.17%$652.34
106,850 at 6.18%$653.04
106,850 at 6.19%$653.73
106,850 at 6.2%$654.42
106,850 at 6.21%$655.12
106,850 at 6.22%$655.81
106,850 at 6.23%$656.50
106,850 at 6.24%$657.20
106,850 at 6.25%$657.89
106,850 at 6.26%$658.59
106,850 at 6.27%$659.28
106,850 at 6.28%$659.98
106,850 at 6.29%$660.68
106,850 at 6.3%$661.37
106,850 at 6.31%$662.07
106,850 at 6.32%$662.77
106,850 at 6.33%$663.46
106,850 at 6.34%$664.16
106,850 at 6.35%$664.86
106,850 at 6.36%$665.56
106,850 at 6.37%$666.26
106,850 at 6.38%$666.95
106,850 at 6.39%$667.65
106,850 at 6.4%$668.35
106,850 at 6.41%$669.05
106,850 at 6.42%$669.75
106,850 at 6.43%$670.45
106,850 at 6.44%$671.15
106,850 at 6.45%$671.86
106,850 at 6.46%$672.56
106,850 at 6.47%$673.26
106,850 at 6.48%$673.96
106,850 at 6.49%$674.66
106,850 at 6.5%$675.36
Interest Rate 30 Year
106,850 at 6.51%$676.07
106,850 at 6.52%$676.77
106,850 at 6.53%$677.47
106,850 at 6.54%$678.18
106,850 at 6.55%$678.88
106,850 at 6.56%$679.59
106,850 at 6.57%$680.29
106,850 at 6.58%$681.00
106,850 at 6.59%$681.70
106,850 at 6.6%$682.41
106,850 at 6.61%$683.11
106,850 at 6.62%$683.82
106,850 at 6.63%$684.53
106,850 at 6.64%$685.23
106,850 at 6.65%$685.94
106,850 at 6.66%$686.65
106,850 at 6.67%$687.35
106,850 at 6.68%$688.06
106,850 at 6.69%$688.77
106,850 at 6.7%$689.48
106,850 at 6.71%$690.19
106,850 at 6.72%$690.90
106,850 at 6.73%$691.61
106,850 at 6.74%$692.32
106,850 at 6.75%$693.03
106,850 at 6.76%$693.74
106,850 at 6.77%$694.45
106,850 at 6.78%$695.16
106,850 at 6.79%$695.87
106,850 at 6.8%$696.58
106,850 at 6.81%$697.29
106,850 at 6.82%$698.01
106,850 at 6.83%$698.72
106,850 at 6.84%$699.43
106,850 at 6.85%$700.14
106,850 at 6.86%$700.86
106,850 at 6.87%$701.57
106,850 at 6.88%$702.29
106,850 at 6.89%$703.00
106,850 at 6.9%$703.71
106,850 at 6.91%$704.43
106,850 at 6.92%$705.14
106,850 at 6.93%$705.86
106,850 at 6.94%$706.58
106,850 at 6.95%$707.29
106,850 at 6.96%$708.01
106,850 at 6.97%$708.72
106,850 at 6.98%$709.44
106,850 at 6.99%$710.16
106,850 at 7%$710.88
106,850 at 7.01%$711.59
106,850 at 7.02%$712.31
106,850 at 7.03%$713.03
106,850 at 7.04%$713.75
106,850 at 7.05%$714.47
106,850 at 7.06%$715.19
106,850 at 7.07%$715.91
106,850 at 7.08%$716.63
106,850 at 7.09%$717.35
106,850 at 7.1%$718.07
106,850 at 7.11%$718.79
106,850 at 7.12%$719.51
106,850 at 7.13%$720.23
106,850 at 7.14%$720.95
106,850 at 7.15%$721.67
106,850 at 7.16%$722.39
106,850 at 7.17%$723.12
106,850 at 7.18%$723.84
106,850 at 7.19%$724.56
106,850 at 7.2%$725.29
106,850 at 7.21%$726.01
106,850 at 7.22%$726.73
106,850 at 7.23%$727.46
106,850 at 7.24%$728.18
106,850 at 7.25%$728.91
106,850 at 7.26%$729.63
106,850 at 7.27%$730.36
106,850 at 7.28%$731.08
106,850 at 7.29%$731.81
106,850 at 7.3%$732.53
106,850 at 7.31%$733.26
106,850 at 7.32%$733.99
106,850 at 7.33%$734.71
106,850 at 7.34%$735.44
106,850 at 7.35%$736.17
106,850 at 7.36%$736.89
106,850 at 7.37%$737.62
106,850 at 7.38%$738.35
106,850 at 7.39%$739.08
106,850 at 7.4%$739.81
106,850 at 7.41%$740.54
106,850 at 7.42%$741.27
106,850 at 7.43%$742.00
106,850 at 7.44%$742.73
106,850 at 7.45%$743.46
106,850 at 7.46%$744.19
106,850 at 7.47%$744.92
106,850 at 7.48%$745.65
106,850 at 7.49%$746.38
106,850 at 7.5%$747.11
106,850 at 7.51%$747.84
106,850 at 7.52%$748.57
106,850 at 7.53%$749.31
106,850 at 7.54%$750.04
106,850 at 7.55%$750.77
106,850 at 7.56%$751.51
106,850 at 7.57%$752.24
106,850 at 7.58%$752.97
106,850 at 7.59%$753.71
106,850 at 7.6%$754.44
106,850 at 7.61%$755.18
106,850 at 7.62%$755.91
106,850 at 7.63%$756.65
106,850 at 7.64%$757.38
106,850 at 7.65%$758.12
106,850 at 7.66%$758.85
106,850 at 7.67%$759.59
106,850 at 7.68%$760.32
106,850 at 7.69%$761.06
106,850 at 7.7%$761.80
106,850 at 7.71%$762.54
106,850 at 7.72%$763.27
106,850 at 7.73%$764.01
106,850 at 7.74%$764.75
106,850 at 7.75%$765.49
106,850 at 7.76%$766.22
106,850 at 7.77%$766.96
106,850 at 7.78%$767.70
106,850 at 7.79%$768.44
106,850 at 7.8%$769.18
106,850 at 7.81%$769.92
106,850 at 7.82%$770.66
106,850 at 7.83%$771.40
106,850 at 7.84%$772.14
106,850 at 7.85%$772.88
106,850 at 7.86%$773.62
106,850 at 7.87%$774.37
106,850 at 7.88%$775.11
106,850 at 7.89%$775.85
106,850 at 7.9%$776.59
106,850 at 7.91%$777.33
106,850 at 7.92%$778.08
106,850 at 7.93%$778.82
106,850 at 7.94%$779.56
106,850 at 7.95%$780.31
106,850 at 7.96%$781.05
106,850 at 7.97%$781.79
106,850 at 7.98%$782.54
106,850 at 7.99%$783.28
106,850 at 8%$784.03
More Amounts
What is the down payment for a $106,850 house? How much do you need to put down?
Percent Down Down Payment
1%1,069
2%2,137
3%3,206
4%4,274
5%5,343
6%6,411
7%7,480
8%8,548
9%9,617
10%10,685
11%11,754
12%12,822
13%13,891
14%14,959
15%16,028
16%17,096
17%18,165
18%19,233
19%20,302
20%21,370
Percent Down Down Payment
21%22,439
22%23,507
23%24,576
24%25,644
25%26,713
26%27,781
27%28,850
28%29,918
29%30,987
30%32,055
31%33,124
32%34,192
33%35,261
34%36,329
35%37,398
36%38,466
37%39,535
38%40,603
39%41,672
40%42,740
Percent Down Down Payment
41%43,809
42%44,877
43%45,946
44%47,014
45%48,083
46%49,151
47%50,220
48%51,288
49%52,357
50%53,425
51%54,494
52%55,562
53%56,631
54%57,699
55%58,768
56%59,836
57%60,905
58%61,973
59%63,042
60%64,110
Percent Down Down Payment
61%65,179
62%66,247
63%67,316
64%68,384
65%69,453
66%70,521
67%71,590
68%72,658
69%73,727
70%74,795
71%75,864
72%76,932
73%78,001
74%79,069
75%80,138
76%81,206
77%82,275
78%83,343
79%84,412
80%85,480
Percent Down Down Payment
81%86,549
82%87,617
83%88,686
84%89,754
85%90,823
86%91,891
87%92,960
88%94,028
89%95,097
90%96,165
91%97,234
92%98,302
93%99,371
94%100,439
95%101,508
96%102,576
97%103,645
98%104,713
99%105,782
100%106,850
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.