$107,400 Mortgage for 30 Years

What is the monthly payment of a 107,400 dollar loan?
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Loan Tables for a $107,400 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 $107,400 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
107,400 at 2.01%$397.51
107,400 at 2.02%$398.05
107,400 at 2.03%$398.58
107,400 at 2.04%$399.12
107,400 at 2.05%$399.66
107,400 at 2.06%$400.20
107,400 at 2.07%$400.74
107,400 at 2.08%$401.28
107,400 at 2.09%$401.82
107,400 at 2.1%$402.36
107,400 at 2.11%$402.91
107,400 at 2.12%$403.45
107,400 at 2.13%$403.99
107,400 at 2.14%$404.53
107,400 at 2.15%$405.08
107,400 at 2.16%$405.62
107,400 at 2.17%$406.16
107,400 at 2.18%$406.71
107,400 at 2.19%$407.25
107,400 at 2.2%$407.80
107,400 at 2.21%$408.34
107,400 at 2.22%$408.89
107,400 at 2.23%$409.44
107,400 at 2.24%$409.98
107,400 at 2.25%$410.53
107,400 at 2.26%$411.08
107,400 at 2.27%$411.63
107,400 at 2.28%$412.18
107,400 at 2.29%$412.73
107,400 at 2.3%$413.28
107,400 at 2.31%$413.83
107,400 at 2.32%$414.38
107,400 at 2.33%$414.93
107,400 at 2.34%$415.48
107,400 at 2.35%$416.03
107,400 at 2.36%$416.58
107,400 at 2.37%$417.14
107,400 at 2.38%$417.69
107,400 at 2.39%$418.24
107,400 at 2.4%$418.80
107,400 at 2.41%$419.35
107,400 at 2.42%$419.91
107,400 at 2.43%$420.46
107,400 at 2.44%$421.02
107,400 at 2.45%$421.57
107,400 at 2.46%$422.13
107,400 at 2.47%$422.69
107,400 at 2.48%$423.24
107,400 at 2.49%$423.80
107,400 at 2.5%$424.36
107,400 at 2.51%$424.92
107,400 at 2.52%$425.48
107,400 at 2.53%$426.04
107,400 at 2.54%$426.60
107,400 at 2.55%$427.16
107,400 at 2.56%$427.72
107,400 at 2.57%$428.28
107,400 at 2.58%$428.84
107,400 at 2.59%$429.40
107,400 at 2.6%$429.96
107,400 at 2.61%$430.53
107,400 at 2.62%$431.09
107,400 at 2.63%$431.65
107,400 at 2.64%$432.22
107,400 at 2.65%$432.78
107,400 at 2.66%$433.35
107,400 at 2.67%$433.91
107,400 at 2.68%$434.48
107,400 at 2.69%$435.05
107,400 at 2.7%$435.61
107,400 at 2.71%$436.18
107,400 at 2.72%$436.75
107,400 at 2.73%$437.31
107,400 at 2.74%$437.88
107,400 at 2.75%$438.45
107,400 at 2.76%$439.02
107,400 at 2.77%$439.59
107,400 at 2.78%$440.16
107,400 at 2.79%$440.73
107,400 at 2.8%$441.30
107,400 at 2.81%$441.87
107,400 at 2.82%$442.44
107,400 at 2.83%$443.02
107,400 at 2.84%$443.59
107,400 at 2.85%$444.16
107,400 at 2.86%$444.73
107,400 at 2.87%$445.31
107,400 at 2.88%$445.88
107,400 at 2.89%$446.46
107,400 at 2.9%$447.03
107,400 at 2.91%$447.61
107,400 at 2.92%$448.18
107,400 at 2.93%$448.76
107,400 at 2.94%$449.33
107,400 at 2.95%$449.91
107,400 at 2.96%$450.49
107,400 at 2.97%$451.07
107,400 at 2.98%$451.65
107,400 at 2.99%$452.22
107,400 at 3%$452.80
107,400 at 3.01%$453.38
107,400 at 3.02%$453.96
107,400 at 3.03%$454.54
107,400 at 3.04%$455.12
107,400 at 3.05%$455.70
107,400 at 3.06%$456.29
107,400 at 3.07%$456.87
107,400 at 3.08%$457.45
107,400 at 3.09%$458.03
107,400 at 3.1%$458.62
107,400 at 3.11%$459.20
107,400 at 3.12%$459.78
107,400 at 3.13%$460.37
107,400 at 3.14%$460.95
107,400 at 3.15%$461.54
107,400 at 3.16%$462.12
107,400 at 3.17%$462.71
107,400 at 3.18%$463.30
107,400 at 3.19%$463.88
107,400 at 3.2%$464.47
107,400 at 3.21%$465.06
107,400 at 3.22%$465.65
107,400 at 3.23%$466.23
107,400 at 3.24%$466.82
107,400 at 3.25%$467.41
107,400 at 3.26%$468.00
107,400 at 3.27%$468.59
107,400 at 3.28%$469.18
107,400 at 3.29%$469.77
107,400 at 3.3%$470.36
107,400 at 3.31%$470.96
107,400 at 3.32%$471.55
107,400 at 3.33%$472.14
107,400 at 3.34%$472.73
107,400 at 3.35%$473.33
107,400 at 3.36%$473.92
107,400 at 3.37%$474.51
107,400 at 3.38%$475.11
107,400 at 3.39%$475.70
107,400 at 3.4%$476.30
107,400 at 3.41%$476.89
107,400 at 3.42%$477.49
107,400 at 3.43%$478.09
107,400 at 3.44%$478.68
107,400 at 3.45%$479.28
107,400 at 3.46%$479.88
107,400 at 3.47%$480.48
107,400 at 3.48%$481.08
107,400 at 3.49%$481.67
107,400 at 3.5%$482.27
Interest Rate 30 Year
107,400 at 3.51%$482.87
107,400 at 3.52%$483.47
107,400 at 3.53%$484.07
107,400 at 3.54%$484.68
107,400 at 3.55%$485.28
107,400 at 3.56%$485.88
107,400 at 3.57%$486.48
107,400 at 3.58%$487.08
107,400 at 3.59%$487.69
107,400 at 3.6%$488.29
107,400 at 3.61%$488.89
107,400 at 3.62%$489.50
107,400 at 3.63%$490.10
107,400 at 3.64%$490.71
107,400 at 3.65%$491.31
107,400 at 3.66%$491.92
107,400 at 3.67%$492.52
107,400 at 3.68%$493.13
107,400 at 3.69%$493.74
107,400 at 3.7%$494.34
107,400 at 3.71%$494.95
107,400 at 3.72%$495.56
107,400 at 3.73%$496.17
107,400 at 3.74%$496.78
107,400 at 3.75%$497.39
107,400 at 3.76%$498.00
107,400 at 3.77%$498.61
107,400 at 3.78%$499.22
107,400 at 3.79%$499.83
107,400 at 3.8%$500.44
107,400 at 3.81%$501.05
107,400 at 3.82%$501.66
107,400 at 3.83%$502.27
107,400 at 3.84%$502.89
107,400 at 3.85%$503.50
107,400 at 3.86%$504.11
107,400 at 3.87%$504.73
107,400 at 3.88%$505.34
107,400 at 3.89%$505.96
107,400 at 3.9%$506.57
107,400 at 3.91%$507.19
107,400 at 3.92%$507.80
107,400 at 3.93%$508.42
107,400 at 3.94%$509.04
107,400 at 3.95%$509.65
107,400 at 3.96%$510.27
107,400 at 3.97%$510.89
107,400 at 3.98%$511.51
107,400 at 3.99%$512.13
107,400 at 4%$512.74
107,400 at 4.01%$513.36
107,400 at 4.02%$513.98
107,400 at 4.03%$514.60
107,400 at 4.04%$515.22
107,400 at 4.05%$515.84
107,400 at 4.06%$516.47
107,400 at 4.07%$517.09
107,400 at 4.08%$517.71
107,400 at 4.09%$518.33
107,400 at 4.1%$518.96
107,400 at 4.11%$519.58
107,400 at 4.12%$520.20
107,400 at 4.13%$520.83
107,400 at 4.14%$521.45
107,400 at 4.15%$522.07
107,400 at 4.16%$522.70
107,400 at 4.17%$523.33
107,400 at 4.18%$523.95
107,400 at 4.19%$524.58
107,400 at 4.2%$525.20
107,400 at 4.21%$525.83
107,400 at 4.22%$526.46
107,400 at 4.23%$527.09
107,400 at 4.24%$527.71
107,400 at 4.25%$528.34
107,400 at 4.26%$528.97
107,400 at 4.27%$529.60
107,400 at 4.28%$530.23
107,400 at 4.29%$530.86
107,400 at 4.3%$531.49
107,400 at 4.31%$532.12
107,400 at 4.32%$532.75
107,400 at 4.33%$533.39
107,400 at 4.34%$534.02
107,400 at 4.35%$534.65
107,400 at 4.36%$535.28
107,400 at 4.37%$535.92
107,400 at 4.38%$536.55
107,400 at 4.39%$537.18
107,400 at 4.4%$537.82
107,400 at 4.41%$538.45
107,400 at 4.42%$539.09
107,400 at 4.43%$539.72
107,400 at 4.44%$540.36
107,400 at 4.45%$540.99
107,400 at 4.46%$541.63
107,400 at 4.47%$542.27
107,400 at 4.48%$542.90
107,400 at 4.49%$543.54
107,400 at 4.5%$544.18
107,400 at 4.51%$544.82
107,400 at 4.52%$545.46
107,400 at 4.53%$546.10
107,400 at 4.54%$546.74
107,400 at 4.55%$547.38
107,400 at 4.56%$548.02
107,400 at 4.57%$548.66
107,400 at 4.58%$549.30
107,400 at 4.59%$549.94
107,400 at 4.6%$550.58
107,400 at 4.61%$551.22
107,400 at 4.62%$551.86
107,400 at 4.63%$552.51
107,400 at 4.64%$553.15
107,400 at 4.65%$553.79
107,400 at 4.66%$554.44
107,400 at 4.67%$555.08
107,400 at 4.68%$555.73
107,400 at 4.69%$556.37
107,400 at 4.7%$557.02
107,400 at 4.71%$557.66
107,400 at 4.72%$558.31
107,400 at 4.73%$558.96
107,400 at 4.74%$559.60
107,400 at 4.75%$560.25
107,400 at 4.76%$560.90
107,400 at 4.77%$561.54
107,400 at 4.78%$562.19
107,400 at 4.79%$562.84
107,400 at 4.8%$563.49
107,400 at 4.81%$564.14
107,400 at 4.82%$564.79
107,400 at 4.83%$565.44
107,400 at 4.84%$566.09
107,400 at 4.85%$566.74
107,400 at 4.86%$567.39
107,400 at 4.87%$568.04
107,400 at 4.88%$568.70
107,400 at 4.89%$569.35
107,400 at 4.9%$570.00
107,400 at 4.91%$570.65
107,400 at 4.92%$571.31
107,400 at 4.93%$571.96
107,400 at 4.94%$572.61
107,400 at 4.95%$573.27
107,400 at 4.96%$573.92
107,400 at 4.97%$574.58
107,400 at 4.98%$575.23
107,400 at 4.99%$575.89
107,400 at 5%$576.55
Interest Rate 30 Year
107,400 at 5.01%$577.20
107,400 at 5.02%$577.86
107,400 at 5.03%$578.52
107,400 at 5.04%$579.17
107,400 at 5.05%$579.83
107,400 at 5.06%$580.49
107,400 at 5.07%$581.15
107,400 at 5.08%$581.81
107,400 at 5.09%$582.47
107,400 at 5.1%$583.13
107,400 at 5.11%$583.79
107,400 at 5.12%$584.45
107,400 at 5.13%$585.11
107,400 at 5.14%$585.77
107,400 at 5.15%$586.43
107,400 at 5.16%$587.09
107,400 at 5.17%$587.76
107,400 at 5.18%$588.42
107,400 at 5.19%$589.08
107,400 at 5.2%$589.75
107,400 at 5.21%$590.41
107,400 at 5.22%$591.07
107,400 at 5.23%$591.74
107,400 at 5.24%$592.40
107,400 at 5.25%$593.07
107,400 at 5.26%$593.73
107,400 at 5.27%$594.40
107,400 at 5.28%$595.06
107,400 at 5.29%$595.73
107,400 at 5.3%$596.40
107,400 at 5.31%$597.06
107,400 at 5.32%$597.73
107,400 at 5.33%$598.40
107,400 at 5.34%$599.07
107,400 at 5.35%$599.74
107,400 at 5.36%$600.41
107,400 at 5.37%$601.07
107,400 at 5.38%$601.74
107,400 at 5.39%$602.41
107,400 at 5.4%$603.08
107,400 at 5.41%$603.75
107,400 at 5.42%$604.43
107,400 at 5.43%$605.10
107,400 at 5.44%$605.77
107,400 at 5.45%$606.44
107,400 at 5.46%$607.11
107,400 at 5.47%$607.79
107,400 at 5.48%$608.46
107,400 at 5.49%$609.13
107,400 at 5.5%$609.81
107,400 at 5.51%$610.48
107,400 at 5.52%$611.15
107,400 at 5.53%$611.83
107,400 at 5.54%$612.50
107,400 at 5.55%$613.18
107,400 at 5.56%$613.85
107,400 at 5.57%$614.53
107,400 at 5.58%$615.21
107,400 at 5.59%$615.88
107,400 at 5.6%$616.56
107,400 at 5.61%$617.24
107,400 at 5.62%$617.92
107,400 at 5.63%$618.59
107,400 at 5.64%$619.27
107,400 at 5.65%$619.95
107,400 at 5.66%$620.63
107,400 at 5.67%$621.31
107,400 at 5.68%$621.99
107,400 at 5.69%$622.67
107,400 at 5.7%$623.35
107,400 at 5.71%$624.03
107,400 at 5.72%$624.71
107,400 at 5.73%$625.39
107,400 at 5.74%$626.08
107,400 at 5.75%$626.76
107,400 at 5.76%$627.44
107,400 at 5.77%$628.12
107,400 at 5.78%$628.81
107,400 at 5.79%$629.49
107,400 at 5.8%$630.17
107,400 at 5.81%$630.86
107,400 at 5.82%$631.54
107,400 at 5.83%$632.23
107,400 at 5.84%$632.91
107,400 at 5.85%$633.60
107,400 at 5.86%$634.28
107,400 at 5.87%$634.97
107,400 at 5.88%$635.65
107,400 at 5.89%$636.34
107,400 at 5.9%$637.03
107,400 at 5.91%$637.72
107,400 at 5.92%$638.40
107,400 at 5.93%$639.09
107,400 at 5.94%$639.78
107,400 at 5.95%$640.47
107,400 at 5.96%$641.16
107,400 at 5.97%$641.85
107,400 at 5.98%$642.54
107,400 at 5.99%$643.23
107,400 at 6%$643.92
107,400 at 6.01%$644.61
107,400 at 6.02%$645.30
107,400 at 6.03%$645.99
107,400 at 6.04%$646.68
107,400 at 6.05%$647.37
107,400 at 6.06%$648.07
107,400 at 6.07%$648.76
107,400 at 6.08%$649.45
107,400 at 6.09%$650.14
107,400 at 6.1%$650.84
107,400 at 6.11%$651.53
107,400 at 6.12%$652.23
107,400 at 6.13%$652.92
107,400 at 6.14%$653.62
107,400 at 6.15%$654.31
107,400 at 6.16%$655.01
107,400 at 6.17%$655.70
107,400 at 6.18%$656.40
107,400 at 6.19%$657.09
107,400 at 6.2%$657.79
107,400 at 6.21%$658.49
107,400 at 6.22%$659.19
107,400 at 6.23%$659.88
107,400 at 6.24%$660.58
107,400 at 6.25%$661.28
107,400 at 6.26%$661.98
107,400 at 6.27%$662.68
107,400 at 6.28%$663.38
107,400 at 6.29%$664.08
107,400 at 6.3%$664.78
107,400 at 6.31%$665.48
107,400 at 6.32%$666.18
107,400 at 6.33%$666.88
107,400 at 6.34%$667.58
107,400 at 6.35%$668.28
107,400 at 6.36%$668.98
107,400 at 6.37%$669.69
107,400 at 6.38%$670.39
107,400 at 6.39%$671.09
107,400 at 6.4%$671.79
107,400 at 6.41%$672.50
107,400 at 6.42%$673.20
107,400 at 6.43%$673.90
107,400 at 6.44%$674.61
107,400 at 6.45%$675.31
107,400 at 6.46%$676.02
107,400 at 6.47%$676.72
107,400 at 6.48%$677.43
107,400 at 6.49%$678.13
107,400 at 6.5%$678.84
Interest Rate 30 Year
107,400 at 6.51%$679.55
107,400 at 6.52%$680.25
107,400 at 6.53%$680.96
107,400 at 6.54%$681.67
107,400 at 6.55%$682.38
107,400 at 6.56%$683.08
107,400 at 6.57%$683.79
107,400 at 6.58%$684.50
107,400 at 6.59%$685.21
107,400 at 6.6%$685.92
107,400 at 6.61%$686.63
107,400 at 6.62%$687.34
107,400 at 6.63%$688.05
107,400 at 6.64%$688.76
107,400 at 6.65%$689.47
107,400 at 6.66%$690.18
107,400 at 6.67%$690.89
107,400 at 6.68%$691.60
107,400 at 6.69%$692.32
107,400 at 6.7%$693.03
107,400 at 6.71%$693.74
107,400 at 6.72%$694.45
107,400 at 6.73%$695.17
107,400 at 6.74%$695.88
107,400 at 6.75%$696.59
107,400 at 6.76%$697.31
107,400 at 6.77%$698.02
107,400 at 6.78%$698.74
107,400 at 6.79%$699.45
107,400 at 6.8%$700.17
107,400 at 6.81%$700.88
107,400 at 6.82%$701.60
107,400 at 6.83%$702.32
107,400 at 6.84%$703.03
107,400 at 6.85%$703.75
107,400 at 6.86%$704.47
107,400 at 6.87%$705.18
107,400 at 6.88%$705.90
107,400 at 6.89%$706.62
107,400 at 6.9%$707.34
107,400 at 6.91%$708.06
107,400 at 6.92%$708.77
107,400 at 6.93%$709.49
107,400 at 6.94%$710.21
107,400 at 6.95%$710.93
107,400 at 6.96%$711.65
107,400 at 6.97%$712.37
107,400 at 6.98%$713.09
107,400 at 6.99%$713.81
107,400 at 7%$714.53
107,400 at 7.01%$715.26
107,400 at 7.02%$715.98
107,400 at 7.03%$716.70
107,400 at 7.04%$717.42
107,400 at 7.05%$718.14
107,400 at 7.06%$718.87
107,400 at 7.07%$719.59
107,400 at 7.08%$720.31
107,400 at 7.09%$721.04
107,400 at 7.1%$721.76
107,400 at 7.11%$722.49
107,400 at 7.12%$723.21
107,400 at 7.13%$723.94
107,400 at 7.14%$724.66
107,400 at 7.15%$725.39
107,400 at 7.16%$726.11
107,400 at 7.17%$726.84
107,400 at 7.18%$727.57
107,400 at 7.19%$728.29
107,400 at 7.2%$729.02
107,400 at 7.21%$729.75
107,400 at 7.22%$730.47
107,400 at 7.23%$731.20
107,400 at 7.24%$731.93
107,400 at 7.25%$732.66
107,400 at 7.26%$733.39
107,400 at 7.27%$734.11
107,400 at 7.28%$734.84
107,400 at 7.29%$735.57
107,400 at 7.3%$736.30
107,400 at 7.31%$737.03
107,400 at 7.32%$737.76
107,400 at 7.33%$738.49
107,400 at 7.34%$739.22
107,400 at 7.35%$739.96
107,400 at 7.36%$740.69
107,400 at 7.37%$741.42
107,400 at 7.38%$742.15
107,400 at 7.39%$742.88
107,400 at 7.4%$743.62
107,400 at 7.41%$744.35
107,400 at 7.42%$745.08
107,400 at 7.43%$745.82
107,400 at 7.44%$746.55
107,400 at 7.45%$747.28
107,400 at 7.46%$748.02
107,400 at 7.47%$748.75
107,400 at 7.48%$749.49
107,400 at 7.49%$750.22
107,400 at 7.5%$750.96
107,400 at 7.51%$751.69
107,400 at 7.52%$752.43
107,400 at 7.53%$753.16
107,400 at 7.54%$753.90
107,400 at 7.55%$754.64
107,400 at 7.56%$755.37
107,400 at 7.57%$756.11
107,400 at 7.58%$756.85
107,400 at 7.59%$757.59
107,400 at 7.6%$758.32
107,400 at 7.61%$759.06
107,400 at 7.62%$759.80
107,400 at 7.63%$760.54
107,400 at 7.64%$761.28
107,400 at 7.65%$762.02
107,400 at 7.66%$762.76
107,400 at 7.67%$763.50
107,400 at 7.68%$764.24
107,400 at 7.69%$764.98
107,400 at 7.7%$765.72
107,400 at 7.71%$766.46
107,400 at 7.72%$767.20
107,400 at 7.73%$767.94
107,400 at 7.74%$768.68
107,400 at 7.75%$769.43
107,400 at 7.76%$770.17
107,400 at 7.77%$770.91
107,400 at 7.78%$771.65
107,400 at 7.79%$772.40
107,400 at 7.8%$773.14
107,400 at 7.81%$773.88
107,400 at 7.82%$774.63
107,400 at 7.83%$775.37
107,400 at 7.84%$776.12
107,400 at 7.85%$776.86
107,400 at 7.86%$777.61
107,400 at 7.87%$778.35
107,400 at 7.88%$779.10
107,400 at 7.89%$779.84
107,400 at 7.9%$780.59
107,400 at 7.91%$781.34
107,400 at 7.92%$782.08
107,400 at 7.93%$782.83
107,400 at 7.94%$783.58
107,400 at 7.95%$784.32
107,400 at 7.96%$785.07
107,400 at 7.97%$785.82
107,400 at 7.98%$786.57
107,400 at 7.99%$787.31
107,400 at 8%$788.06
More Amounts
What is the down payment for a $107,400 house? How much do you need to put down?
Percent Down Down Payment
1%1,074
2%2,148
3%3,222
4%4,296
5%5,370
6%6,444
7%7,518
8%8,592
9%9,666
10%10,740
11%11,814
12%12,888
13%13,962
14%15,036
15%16,110
16%17,184
17%18,258
18%19,332
19%20,406
20%21,480
Percent Down Down Payment
21%22,554
22%23,628
23%24,702
24%25,776
25%26,850
26%27,924
27%28,998
28%30,072
29%31,146
30%32,220
31%33,294
32%34,368
33%35,442
34%36,516
35%37,590
36%38,664
37%39,738
38%40,812
39%41,886
40%42,960
Percent Down Down Payment
41%44,034
42%45,108
43%46,182
44%47,256
45%48,330
46%49,404
47%50,478
48%51,552
49%52,626
50%53,700
51%54,774
52%55,848
53%56,922
54%57,996
55%59,070
56%60,144
57%61,218
58%62,292
59%63,366
60%64,440
Percent Down Down Payment
61%65,514
62%66,588
63%67,662
64%68,736
65%69,810
66%70,884
67%71,958
68%73,032
69%74,106
70%75,180
71%76,254
72%77,328
73%78,402
74%79,476
75%80,550
76%81,624
77%82,698
78%83,772
79%84,846
80%85,920
Percent Down Down Payment
81%86,994
82%88,068
83%89,142
84%90,216
85%91,290
86%92,364
87%93,438
88%94,512
89%95,586
90%96,660
91%97,734
92%98,808
93%99,882
94%100,956
95%102,030
96%103,104
97%104,178
98%105,252
99%106,326
100%107,400
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.