$107,200 Mortgage for 30 Years

What is the monthly payment of a 107,200 dollar loan?
$
$
%
%
years
Loan Tables for a $107,200 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 $107,200 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
107,200 at 2.01%$396.77
107,200 at 2.02%$397.31
107,200 at 2.03%$397.84
107,200 at 2.04%$398.38
107,200 at 2.05%$398.92
107,200 at 2.06%$399.46
107,200 at 2.07%$400.00
107,200 at 2.08%$400.53
107,200 at 2.09%$401.07
107,200 at 2.1%$401.61
107,200 at 2.11%$402.15
107,200 at 2.12%$402.70
107,200 at 2.13%$403.24
107,200 at 2.14%$403.78
107,200 at 2.15%$404.32
107,200 at 2.16%$404.86
107,200 at 2.17%$405.41
107,200 at 2.18%$405.95
107,200 at 2.19%$406.49
107,200 at 2.2%$407.04
107,200 at 2.21%$407.58
107,200 at 2.22%$408.13
107,200 at 2.23%$408.68
107,200 at 2.24%$409.22
107,200 at 2.25%$409.77
107,200 at 2.26%$410.31
107,200 at 2.27%$410.86
107,200 at 2.28%$411.41
107,200 at 2.29%$411.96
107,200 at 2.3%$412.51
107,200 at 2.31%$413.06
107,200 at 2.32%$413.61
107,200 at 2.33%$414.16
107,200 at 2.34%$414.71
107,200 at 2.35%$415.26
107,200 at 2.36%$415.81
107,200 at 2.37%$416.36
107,200 at 2.38%$416.91
107,200 at 2.39%$417.46
107,200 at 2.4%$418.02
107,200 at 2.41%$418.57
107,200 at 2.42%$419.12
107,200 at 2.43%$419.68
107,200 at 2.44%$420.23
107,200 at 2.45%$420.79
107,200 at 2.46%$421.34
107,200 at 2.47%$421.90
107,200 at 2.48%$422.46
107,200 at 2.49%$423.01
107,200 at 2.5%$423.57
107,200 at 2.51%$424.13
107,200 at 2.52%$424.69
107,200 at 2.53%$425.24
107,200 at 2.54%$425.80
107,200 at 2.55%$426.36
107,200 at 2.56%$426.92
107,200 at 2.57%$427.48
107,200 at 2.58%$428.04
107,200 at 2.59%$428.60
107,200 at 2.6%$429.16
107,200 at 2.61%$429.73
107,200 at 2.62%$430.29
107,200 at 2.63%$430.85
107,200 at 2.64%$431.41
107,200 at 2.65%$431.98
107,200 at 2.66%$432.54
107,200 at 2.67%$433.11
107,200 at 2.68%$433.67
107,200 at 2.69%$434.24
107,200 at 2.7%$434.80
107,200 at 2.71%$435.37
107,200 at 2.72%$435.93
107,200 at 2.73%$436.50
107,200 at 2.74%$437.07
107,200 at 2.75%$437.63
107,200 at 2.76%$438.20
107,200 at 2.77%$438.77
107,200 at 2.78%$439.34
107,200 at 2.79%$439.91
107,200 at 2.8%$440.48
107,200 at 2.81%$441.05
107,200 at 2.82%$441.62
107,200 at 2.83%$442.19
107,200 at 2.84%$442.76
107,200 at 2.85%$443.33
107,200 at 2.86%$443.91
107,200 at 2.87%$444.48
107,200 at 2.88%$445.05
107,200 at 2.89%$445.62
107,200 at 2.9%$446.20
107,200 at 2.91%$446.77
107,200 at 2.92%$447.35
107,200 at 2.93%$447.92
107,200 at 2.94%$448.50
107,200 at 2.95%$449.07
107,200 at 2.96%$449.65
107,200 at 2.97%$450.23
107,200 at 2.98%$450.80
107,200 at 2.99%$451.38
107,200 at 3%$451.96
107,200 at 3.01%$452.54
107,200 at 3.02%$453.12
107,200 at 3.03%$453.70
107,200 at 3.04%$454.28
107,200 at 3.05%$454.86
107,200 at 3.06%$455.44
107,200 at 3.07%$456.02
107,200 at 3.08%$456.60
107,200 at 3.09%$457.18
107,200 at 3.1%$457.76
107,200 at 3.11%$458.34
107,200 at 3.12%$458.93
107,200 at 3.13%$459.51
107,200 at 3.14%$460.09
107,200 at 3.15%$460.68
107,200 at 3.16%$461.26
107,200 at 3.17%$461.85
107,200 at 3.18%$462.43
107,200 at 3.19%$463.02
107,200 at 3.2%$463.60
107,200 at 3.21%$464.19
107,200 at 3.22%$464.78
107,200 at 3.23%$465.37
107,200 at 3.24%$465.95
107,200 at 3.25%$466.54
107,200 at 3.26%$467.13
107,200 at 3.27%$467.72
107,200 at 3.28%$468.31
107,200 at 3.29%$468.90
107,200 at 3.3%$469.49
107,200 at 3.31%$470.08
107,200 at 3.32%$470.67
107,200 at 3.33%$471.26
107,200 at 3.34%$471.85
107,200 at 3.35%$472.44
107,200 at 3.36%$473.04
107,200 at 3.37%$473.63
107,200 at 3.38%$474.22
107,200 at 3.39%$474.82
107,200 at 3.4%$475.41
107,200 at 3.41%$476.01
107,200 at 3.42%$476.60
107,200 at 3.43%$477.20
107,200 at 3.44%$477.79
107,200 at 3.45%$478.39
107,200 at 3.46%$478.99
107,200 at 3.47%$479.58
107,200 at 3.48%$480.18
107,200 at 3.49%$480.78
107,200 at 3.5%$481.38
Interest Rate 30 Year
107,200 at 3.51%$481.97
107,200 at 3.52%$482.57
107,200 at 3.53%$483.17
107,200 at 3.54%$483.77
107,200 at 3.55%$484.37
107,200 at 3.56%$484.97
107,200 at 3.57%$485.57
107,200 at 3.58%$486.18
107,200 at 3.59%$486.78
107,200 at 3.6%$487.38
107,200 at 3.61%$487.98
107,200 at 3.62%$488.59
107,200 at 3.63%$489.19
107,200 at 3.64%$489.79
107,200 at 3.65%$490.40
107,200 at 3.66%$491.00
107,200 at 3.67%$491.61
107,200 at 3.68%$492.21
107,200 at 3.69%$492.82
107,200 at 3.7%$493.42
107,200 at 3.71%$494.03
107,200 at 3.72%$494.64
107,200 at 3.73%$495.24
107,200 at 3.74%$495.85
107,200 at 3.75%$496.46
107,200 at 3.76%$497.07
107,200 at 3.77%$497.68
107,200 at 3.78%$498.29
107,200 at 3.79%$498.90
107,200 at 3.8%$499.51
107,200 at 3.81%$500.12
107,200 at 3.82%$500.73
107,200 at 3.83%$501.34
107,200 at 3.84%$501.95
107,200 at 3.85%$502.56
107,200 at 3.86%$503.17
107,200 at 3.87%$503.79
107,200 at 3.88%$504.40
107,200 at 3.89%$505.01
107,200 at 3.9%$505.63
107,200 at 3.91%$506.24
107,200 at 3.92%$506.86
107,200 at 3.93%$507.47
107,200 at 3.94%$508.09
107,200 at 3.95%$508.70
107,200 at 3.96%$509.32
107,200 at 3.97%$509.94
107,200 at 3.98%$510.55
107,200 at 3.99%$511.17
107,200 at 4%$511.79
107,200 at 4.01%$512.41
107,200 at 4.02%$513.03
107,200 at 4.03%$513.64
107,200 at 4.04%$514.26
107,200 at 4.05%$514.88
107,200 at 4.06%$515.50
107,200 at 4.07%$516.12
107,200 at 4.08%$516.75
107,200 at 4.09%$517.37
107,200 at 4.1%$517.99
107,200 at 4.11%$518.61
107,200 at 4.12%$519.23
107,200 at 4.13%$519.86
107,200 at 4.14%$520.48
107,200 at 4.15%$521.10
107,200 at 4.16%$521.73
107,200 at 4.17%$522.35
107,200 at 4.18%$522.98
107,200 at 4.19%$523.60
107,200 at 4.2%$524.23
107,200 at 4.21%$524.85
107,200 at 4.22%$525.48
107,200 at 4.23%$526.11
107,200 at 4.24%$526.73
107,200 at 4.25%$527.36
107,200 at 4.26%$527.99
107,200 at 4.27%$528.62
107,200 at 4.28%$529.24
107,200 at 4.29%$529.87
107,200 at 4.3%$530.50
107,200 at 4.31%$531.13
107,200 at 4.32%$531.76
107,200 at 4.33%$532.39
107,200 at 4.34%$533.02
107,200 at 4.35%$533.65
107,200 at 4.36%$534.29
107,200 at 4.37%$534.92
107,200 at 4.38%$535.55
107,200 at 4.39%$536.18
107,200 at 4.4%$536.82
107,200 at 4.41%$537.45
107,200 at 4.42%$538.08
107,200 at 4.43%$538.72
107,200 at 4.44%$539.35
107,200 at 4.45%$539.99
107,200 at 4.46%$540.62
107,200 at 4.47%$541.26
107,200 at 4.48%$541.89
107,200 at 4.49%$542.53
107,200 at 4.5%$543.17
107,200 at 4.51%$543.80
107,200 at 4.52%$544.44
107,200 at 4.53%$545.08
107,200 at 4.54%$545.72
107,200 at 4.55%$546.36
107,200 at 4.56%$547.00
107,200 at 4.57%$547.63
107,200 at 4.58%$548.27
107,200 at 4.59%$548.91
107,200 at 4.6%$549.55
107,200 at 4.61%$550.20
107,200 at 4.62%$550.84
107,200 at 4.63%$551.48
107,200 at 4.64%$552.12
107,200 at 4.65%$552.76
107,200 at 4.66%$553.41
107,200 at 4.67%$554.05
107,200 at 4.68%$554.69
107,200 at 4.69%$555.34
107,200 at 4.7%$555.98
107,200 at 4.71%$556.62
107,200 at 4.72%$557.27
107,200 at 4.73%$557.91
107,200 at 4.74%$558.56
107,200 at 4.75%$559.21
107,200 at 4.76%$559.85
107,200 at 4.77%$560.50
107,200 at 4.78%$561.15
107,200 at 4.79%$561.79
107,200 at 4.8%$562.44
107,200 at 4.81%$563.09
107,200 at 4.82%$563.74
107,200 at 4.83%$564.39
107,200 at 4.84%$565.04
107,200 at 4.85%$565.69
107,200 at 4.86%$566.34
107,200 at 4.87%$566.99
107,200 at 4.88%$567.64
107,200 at 4.89%$568.29
107,200 at 4.9%$568.94
107,200 at 4.91%$569.59
107,200 at 4.92%$570.24
107,200 at 4.93%$570.90
107,200 at 4.94%$571.55
107,200 at 4.95%$572.20
107,200 at 4.96%$572.85
107,200 at 4.97%$573.51
107,200 at 4.98%$574.16
107,200 at 4.99%$574.82
107,200 at 5%$575.47
Interest Rate 30 Year
107,200 at 5.01%$576.13
107,200 at 5.02%$576.78
107,200 at 5.03%$577.44
107,200 at 5.04%$578.10
107,200 at 5.05%$578.75
107,200 at 5.06%$579.41
107,200 at 5.07%$580.07
107,200 at 5.08%$580.73
107,200 at 5.09%$581.38
107,200 at 5.1%$582.04
107,200 at 5.11%$582.70
107,200 at 5.12%$583.36
107,200 at 5.13%$584.02
107,200 at 5.14%$584.68
107,200 at 5.15%$585.34
107,200 at 5.16%$586.00
107,200 at 5.17%$586.66
107,200 at 5.18%$587.32
107,200 at 5.19%$587.98
107,200 at 5.2%$588.65
107,200 at 5.21%$589.31
107,200 at 5.22%$589.97
107,200 at 5.23%$590.64
107,200 at 5.24%$591.30
107,200 at 5.25%$591.96
107,200 at 5.26%$592.63
107,200 at 5.27%$593.29
107,200 at 5.28%$593.96
107,200 at 5.29%$594.62
107,200 at 5.3%$595.29
107,200 at 5.31%$595.95
107,200 at 5.32%$596.62
107,200 at 5.33%$597.29
107,200 at 5.34%$597.95
107,200 at 5.35%$598.62
107,200 at 5.36%$599.29
107,200 at 5.37%$599.96
107,200 at 5.38%$600.62
107,200 at 5.39%$601.29
107,200 at 5.4%$601.96
107,200 at 5.41%$602.63
107,200 at 5.42%$603.30
107,200 at 5.43%$603.97
107,200 at 5.44%$604.64
107,200 at 5.45%$605.31
107,200 at 5.46%$605.98
107,200 at 5.47%$606.65
107,200 at 5.48%$607.33
107,200 at 5.49%$608.00
107,200 at 5.5%$608.67
107,200 at 5.51%$609.34
107,200 at 5.52%$610.02
107,200 at 5.53%$610.69
107,200 at 5.54%$611.36
107,200 at 5.55%$612.04
107,200 at 5.56%$612.71
107,200 at 5.57%$613.39
107,200 at 5.58%$614.06
107,200 at 5.59%$614.74
107,200 at 5.6%$615.41
107,200 at 5.61%$616.09
107,200 at 5.62%$616.77
107,200 at 5.63%$617.44
107,200 at 5.64%$618.12
107,200 at 5.65%$618.80
107,200 at 5.66%$619.47
107,200 at 5.67%$620.15
107,200 at 5.68%$620.83
107,200 at 5.69%$621.51
107,200 at 5.7%$622.19
107,200 at 5.71%$622.87
107,200 at 5.72%$623.55
107,200 at 5.73%$624.23
107,200 at 5.74%$624.91
107,200 at 5.75%$625.59
107,200 at 5.76%$626.27
107,200 at 5.77%$626.95
107,200 at 5.78%$627.63
107,200 at 5.79%$628.32
107,200 at 5.8%$629.00
107,200 at 5.81%$629.68
107,200 at 5.82%$630.37
107,200 at 5.83%$631.05
107,200 at 5.84%$631.73
107,200 at 5.85%$632.42
107,200 at 5.86%$633.10
107,200 at 5.87%$633.79
107,200 at 5.88%$634.47
107,200 at 5.89%$635.16
107,200 at 5.9%$635.84
107,200 at 5.91%$636.53
107,200 at 5.92%$637.21
107,200 at 5.93%$637.90
107,200 at 5.94%$638.59
107,200 at 5.95%$639.28
107,200 at 5.96%$639.96
107,200 at 5.97%$640.65
107,200 at 5.98%$641.34
107,200 at 5.99%$642.03
107,200 at 6%$642.72
107,200 at 6.01%$643.41
107,200 at 6.02%$644.10
107,200 at 6.03%$644.79
107,200 at 6.04%$645.48
107,200 at 6.05%$646.17
107,200 at 6.06%$646.86
107,200 at 6.07%$647.55
107,200 at 6.08%$648.24
107,200 at 6.09%$648.93
107,200 at 6.1%$649.63
107,200 at 6.11%$650.32
107,200 at 6.12%$651.01
107,200 at 6.13%$651.71
107,200 at 6.14%$652.40
107,200 at 6.15%$653.09
107,200 at 6.16%$653.79
107,200 at 6.17%$654.48
107,200 at 6.18%$655.18
107,200 at 6.19%$655.87
107,200 at 6.2%$656.57
107,200 at 6.21%$657.26
107,200 at 6.22%$657.96
107,200 at 6.23%$658.66
107,200 at 6.24%$659.35
107,200 at 6.25%$660.05
107,200 at 6.26%$660.75
107,200 at 6.27%$661.44
107,200 at 6.28%$662.14
107,200 at 6.29%$662.84
107,200 at 6.3%$663.54
107,200 at 6.31%$664.24
107,200 at 6.32%$664.94
107,200 at 6.33%$665.64
107,200 at 6.34%$666.34
107,200 at 6.35%$667.04
107,200 at 6.36%$667.74
107,200 at 6.37%$668.44
107,200 at 6.38%$669.14
107,200 at 6.39%$669.84
107,200 at 6.4%$670.54
107,200 at 6.41%$671.24
107,200 at 6.42%$671.95
107,200 at 6.43%$672.65
107,200 at 6.44%$673.35
107,200 at 6.45%$674.06
107,200 at 6.46%$674.76
107,200 at 6.47%$675.46
107,200 at 6.48%$676.17
107,200 at 6.49%$676.87
107,200 at 6.5%$677.58
Interest Rate 30 Year
107,200 at 6.51%$678.28
107,200 at 6.52%$678.99
107,200 at 6.53%$679.69
107,200 at 6.54%$680.40
107,200 at 6.55%$681.11
107,200 at 6.56%$681.81
107,200 at 6.57%$682.52
107,200 at 6.58%$683.23
107,200 at 6.59%$683.93
107,200 at 6.6%$684.64
107,200 at 6.61%$685.35
107,200 at 6.62%$686.06
107,200 at 6.63%$686.77
107,200 at 6.64%$687.48
107,200 at 6.65%$688.19
107,200 at 6.66%$688.90
107,200 at 6.67%$689.61
107,200 at 6.68%$690.32
107,200 at 6.69%$691.03
107,200 at 6.7%$691.74
107,200 at 6.71%$692.45
107,200 at 6.72%$693.16
107,200 at 6.73%$693.87
107,200 at 6.74%$694.58
107,200 at 6.75%$695.30
107,200 at 6.76%$696.01
107,200 at 6.77%$696.72
107,200 at 6.78%$697.44
107,200 at 6.79%$698.15
107,200 at 6.8%$698.86
107,200 at 6.81%$699.58
107,200 at 6.82%$700.29
107,200 at 6.83%$701.01
107,200 at 6.84%$701.72
107,200 at 6.85%$702.44
107,200 at 6.86%$703.15
107,200 at 6.87%$703.87
107,200 at 6.88%$704.59
107,200 at 6.89%$705.30
107,200 at 6.9%$706.02
107,200 at 6.91%$706.74
107,200 at 6.92%$707.45
107,200 at 6.93%$708.17
107,200 at 6.94%$708.89
107,200 at 6.95%$709.61
107,200 at 6.96%$710.33
107,200 at 6.97%$711.05
107,200 at 6.98%$711.76
107,200 at 6.99%$712.48
107,200 at 7%$713.20
107,200 at 7.01%$713.92
107,200 at 7.02%$714.64
107,200 at 7.03%$715.37
107,200 at 7.04%$716.09
107,200 at 7.05%$716.81
107,200 at 7.06%$717.53
107,200 at 7.07%$718.25
107,200 at 7.08%$718.97
107,200 at 7.09%$719.70
107,200 at 7.1%$720.42
107,200 at 7.11%$721.14
107,200 at 7.12%$721.86
107,200 at 7.13%$722.59
107,200 at 7.14%$723.31
107,200 at 7.15%$724.04
107,200 at 7.16%$724.76
107,200 at 7.17%$725.49
107,200 at 7.18%$726.21
107,200 at 7.19%$726.94
107,200 at 7.2%$727.66
107,200 at 7.21%$728.39
107,200 at 7.22%$729.11
107,200 at 7.23%$729.84
107,200 at 7.24%$730.57
107,200 at 7.25%$731.29
107,200 at 7.26%$732.02
107,200 at 7.27%$732.75
107,200 at 7.28%$733.48
107,200 at 7.29%$734.20
107,200 at 7.3%$734.93
107,200 at 7.31%$735.66
107,200 at 7.32%$736.39
107,200 at 7.33%$737.12
107,200 at 7.34%$737.85
107,200 at 7.35%$738.58
107,200 at 7.36%$739.31
107,200 at 7.37%$740.04
107,200 at 7.38%$740.77
107,200 at 7.39%$741.50
107,200 at 7.4%$742.23
107,200 at 7.41%$742.96
107,200 at 7.42%$743.69
107,200 at 7.43%$744.43
107,200 at 7.44%$745.16
107,200 at 7.45%$745.89
107,200 at 7.46%$746.62
107,200 at 7.47%$747.36
107,200 at 7.48%$748.09
107,200 at 7.49%$748.82
107,200 at 7.5%$749.56
107,200 at 7.51%$750.29
107,200 at 7.52%$751.03
107,200 at 7.53%$751.76
107,200 at 7.54%$752.50
107,200 at 7.55%$753.23
107,200 at 7.56%$753.97
107,200 at 7.57%$754.70
107,200 at 7.58%$755.44
107,200 at 7.59%$756.18
107,200 at 7.6%$756.91
107,200 at 7.61%$757.65
107,200 at 7.62%$758.39
107,200 at 7.63%$759.12
107,200 at 7.64%$759.86
107,200 at 7.65%$760.60
107,200 at 7.66%$761.34
107,200 at 7.67%$762.08
107,200 at 7.68%$762.81
107,200 at 7.69%$763.55
107,200 at 7.7%$764.29
107,200 at 7.71%$765.03
107,200 at 7.72%$765.77
107,200 at 7.73%$766.51
107,200 at 7.74%$767.25
107,200 at 7.75%$767.99
107,200 at 7.76%$768.73
107,200 at 7.77%$769.48
107,200 at 7.78%$770.22
107,200 at 7.79%$770.96
107,200 at 7.8%$771.70
107,200 at 7.81%$772.44
107,200 at 7.82%$773.19
107,200 at 7.83%$773.93
107,200 at 7.84%$774.67
107,200 at 7.85%$775.42
107,200 at 7.86%$776.16
107,200 at 7.87%$776.90
107,200 at 7.88%$777.65
107,200 at 7.89%$778.39
107,200 at 7.9%$779.14
107,200 at 7.91%$779.88
107,200 at 7.92%$780.63
107,200 at 7.93%$781.37
107,200 at 7.94%$782.12
107,200 at 7.95%$782.86
107,200 at 7.96%$783.61
107,200 at 7.97%$784.35
107,200 at 7.98%$785.10
107,200 at 7.99%$785.85
107,200 at 8%$786.60
More Amounts
What is the down payment for a $107,200 house? How much do you need to put down?
Percent Down Down Payment
1%1,072
2%2,144
3%3,216
4%4,288
5%5,360
6%6,432
7%7,504
8%8,576
9%9,648
10%10,720
11%11,792
12%12,864
13%13,936
14%15,008
15%16,080
16%17,152
17%18,224
18%19,296
19%20,368
20%21,440
Percent Down Down Payment
21%22,512
22%23,584
23%24,656
24%25,728
25%26,800
26%27,872
27%28,944
28%30,016
29%31,088
30%32,160
31%33,232
32%34,304
33%35,376
34%36,448
35%37,520
36%38,592
37%39,664
38%40,736
39%41,808
40%42,880
Percent Down Down Payment
41%43,952
42%45,024
43%46,096
44%47,168
45%48,240
46%49,312
47%50,384
48%51,456
49%52,528
50%53,600
51%54,672
52%55,744
53%56,816
54%57,888
55%58,960
56%60,032
57%61,104
58%62,176
59%63,248
60%64,320
Percent Down Down Payment
61%65,392
62%66,464
63%67,536
64%68,608
65%69,680
66%70,752
67%71,824
68%72,896
69%73,968
70%75,040
71%76,112
72%77,184
73%78,256
74%79,328
75%80,400
76%81,472
77%82,544
78%83,616
79%84,688
80%85,760
Percent Down Down Payment
81%86,832
82%87,904
83%88,976
84%90,048
85%91,120
86%92,192
87%93,264
88%94,336
89%95,408
90%96,480
91%97,552
92%98,624
93%99,696
94%100,768
95%101,840
96%102,912
97%103,984
98%105,056
99%106,128
100%107,200
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.