$107,500 Mortgage for 30 Years

What is the monthly payment of a 107,500 dollar loan?
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Loan Tables for a $107,500 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 108k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $107,500 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
107,500 at 2.01%$397.88
107,500 at 2.02%$398.42
107,500 at 2.03%$398.96
107,500 at 2.04%$399.49
107,500 at 2.05%$400.03
107,500 at 2.06%$400.57
107,500 at 2.07%$401.11
107,500 at 2.08%$401.66
107,500 at 2.09%$402.20
107,500 at 2.1%$402.74
107,500 at 2.11%$403.28
107,500 at 2.12%$403.82
107,500 at 2.13%$404.37
107,500 at 2.14%$404.91
107,500 at 2.15%$405.45
107,500 at 2.16%$406.00
107,500 at 2.17%$406.54
107,500 at 2.18%$407.09
107,500 at 2.19%$407.63
107,500 at 2.2%$408.18
107,500 at 2.21%$408.72
107,500 at 2.22%$409.27
107,500 at 2.23%$409.82
107,500 at 2.24%$410.37
107,500 at 2.25%$410.91
107,500 at 2.26%$411.46
107,500 at 2.27%$412.01
107,500 at 2.28%$412.56
107,500 at 2.29%$413.11
107,500 at 2.3%$413.66
107,500 at 2.31%$414.21
107,500 at 2.32%$414.76
107,500 at 2.33%$415.31
107,500 at 2.34%$415.87
107,500 at 2.35%$416.42
107,500 at 2.36%$416.97
107,500 at 2.37%$417.52
107,500 at 2.38%$418.08
107,500 at 2.39%$418.63
107,500 at 2.4%$419.19
107,500 at 2.41%$419.74
107,500 at 2.42%$420.30
107,500 at 2.43%$420.85
107,500 at 2.44%$421.41
107,500 at 2.45%$421.97
107,500 at 2.46%$422.52
107,500 at 2.47%$423.08
107,500 at 2.48%$423.64
107,500 at 2.49%$424.20
107,500 at 2.5%$424.75
107,500 at 2.51%$425.31
107,500 at 2.52%$425.87
107,500 at 2.53%$426.43
107,500 at 2.54%$426.99
107,500 at 2.55%$427.55
107,500 at 2.56%$428.12
107,500 at 2.57%$428.68
107,500 at 2.58%$429.24
107,500 at 2.59%$429.80
107,500 at 2.6%$430.37
107,500 at 2.61%$430.93
107,500 at 2.62%$431.49
107,500 at 2.63%$432.06
107,500 at 2.64%$432.62
107,500 at 2.65%$433.19
107,500 at 2.66%$433.75
107,500 at 2.67%$434.32
107,500 at 2.68%$434.88
107,500 at 2.69%$435.45
107,500 at 2.7%$436.02
107,500 at 2.71%$436.58
107,500 at 2.72%$437.15
107,500 at 2.73%$437.72
107,500 at 2.74%$438.29
107,500 at 2.75%$438.86
107,500 at 2.76%$439.43
107,500 at 2.77%$440.00
107,500 at 2.78%$440.57
107,500 at 2.79%$441.14
107,500 at 2.8%$441.71
107,500 at 2.81%$442.28
107,500 at 2.82%$442.86
107,500 at 2.83%$443.43
107,500 at 2.84%$444.00
107,500 at 2.85%$444.57
107,500 at 2.86%$445.15
107,500 at 2.87%$445.72
107,500 at 2.88%$446.30
107,500 at 2.89%$446.87
107,500 at 2.9%$447.45
107,500 at 2.91%$448.02
107,500 at 2.92%$448.60
107,500 at 2.93%$449.18
107,500 at 2.94%$449.75
107,500 at 2.95%$450.33
107,500 at 2.96%$450.91
107,500 at 2.97%$451.49
107,500 at 2.98%$452.07
107,500 at 2.99%$452.64
107,500 at 3%$453.22
107,500 at 3.01%$453.80
107,500 at 3.02%$454.38
107,500 at 3.03%$454.97
107,500 at 3.04%$455.55
107,500 at 3.05%$456.13
107,500 at 3.06%$456.71
107,500 at 3.07%$457.29
107,500 at 3.08%$457.88
107,500 at 3.09%$458.46
107,500 at 3.1%$459.04
107,500 at 3.11%$459.63
107,500 at 3.12%$460.21
107,500 at 3.13%$460.80
107,500 at 3.14%$461.38
107,500 at 3.15%$461.97
107,500 at 3.16%$462.55
107,500 at 3.17%$463.14
107,500 at 3.18%$463.73
107,500 at 3.19%$464.31
107,500 at 3.2%$464.90
107,500 at 3.21%$465.49
107,500 at 3.22%$466.08
107,500 at 3.23%$466.67
107,500 at 3.24%$467.26
107,500 at 3.25%$467.85
107,500 at 3.26%$468.44
107,500 at 3.27%$469.03
107,500 at 3.28%$469.62
107,500 at 3.29%$470.21
107,500 at 3.3%$470.80
107,500 at 3.31%$471.39
107,500 at 3.32%$471.99
107,500 at 3.33%$472.58
107,500 at 3.34%$473.17
107,500 at 3.35%$473.77
107,500 at 3.36%$474.36
107,500 at 3.37%$474.96
107,500 at 3.38%$475.55
107,500 at 3.39%$476.15
107,500 at 3.4%$476.74
107,500 at 3.41%$477.34
107,500 at 3.42%$477.94
107,500 at 3.43%$478.53
107,500 at 3.44%$479.13
107,500 at 3.45%$479.73
107,500 at 3.46%$480.33
107,500 at 3.47%$480.92
107,500 at 3.48%$481.52
107,500 at 3.49%$482.12
107,500 at 3.5%$482.72
Interest Rate 30 Year
107,500 at 3.51%$483.32
107,500 at 3.52%$483.92
107,500 at 3.53%$484.53
107,500 at 3.54%$485.13
107,500 at 3.55%$485.73
107,500 at 3.56%$486.33
107,500 at 3.57%$486.93
107,500 at 3.58%$487.54
107,500 at 3.59%$488.14
107,500 at 3.6%$488.74
107,500 at 3.61%$489.35
107,500 at 3.62%$489.95
107,500 at 3.63%$490.56
107,500 at 3.64%$491.16
107,500 at 3.65%$491.77
107,500 at 3.66%$492.38
107,500 at 3.67%$492.98
107,500 at 3.68%$493.59
107,500 at 3.69%$494.20
107,500 at 3.7%$494.80
107,500 at 3.71%$495.41
107,500 at 3.72%$496.02
107,500 at 3.73%$496.63
107,500 at 3.74%$497.24
107,500 at 3.75%$497.85
107,500 at 3.76%$498.46
107,500 at 3.77%$499.07
107,500 at 3.78%$499.68
107,500 at 3.79%$500.29
107,500 at 3.8%$500.90
107,500 at 3.81%$501.52
107,500 at 3.82%$502.13
107,500 at 3.83%$502.74
107,500 at 3.84%$503.36
107,500 at 3.85%$503.97
107,500 at 3.86%$504.58
107,500 at 3.87%$505.20
107,500 at 3.88%$505.81
107,500 at 3.89%$506.43
107,500 at 3.9%$507.04
107,500 at 3.91%$507.66
107,500 at 3.92%$508.28
107,500 at 3.93%$508.89
107,500 at 3.94%$509.51
107,500 at 3.95%$510.13
107,500 at 3.96%$510.75
107,500 at 3.97%$511.36
107,500 at 3.98%$511.98
107,500 at 3.99%$512.60
107,500 at 4%$513.22
107,500 at 4.01%$513.84
107,500 at 4.02%$514.46
107,500 at 4.03%$515.08
107,500 at 4.04%$515.70
107,500 at 4.05%$516.33
107,500 at 4.06%$516.95
107,500 at 4.07%$517.57
107,500 at 4.08%$518.19
107,500 at 4.09%$518.81
107,500 at 4.1%$519.44
107,500 at 4.11%$520.06
107,500 at 4.12%$520.69
107,500 at 4.13%$521.31
107,500 at 4.14%$521.94
107,500 at 4.15%$522.56
107,500 at 4.16%$523.19
107,500 at 4.17%$523.81
107,500 at 4.18%$524.44
107,500 at 4.19%$525.07
107,500 at 4.2%$525.69
107,500 at 4.21%$526.32
107,500 at 4.22%$526.95
107,500 at 4.23%$527.58
107,500 at 4.24%$528.21
107,500 at 4.25%$528.84
107,500 at 4.26%$529.46
107,500 at 4.27%$530.09
107,500 at 4.28%$530.73
107,500 at 4.29%$531.36
107,500 at 4.3%$531.99
107,500 at 4.31%$532.62
107,500 at 4.32%$533.25
107,500 at 4.33%$533.88
107,500 at 4.34%$534.51
107,500 at 4.35%$535.15
107,500 at 4.36%$535.78
107,500 at 4.37%$536.41
107,500 at 4.38%$537.05
107,500 at 4.39%$537.68
107,500 at 4.4%$538.32
107,500 at 4.41%$538.95
107,500 at 4.42%$539.59
107,500 at 4.43%$540.22
107,500 at 4.44%$540.86
107,500 at 4.45%$541.50
107,500 at 4.46%$542.13
107,500 at 4.47%$542.77
107,500 at 4.48%$543.41
107,500 at 4.49%$544.05
107,500 at 4.5%$544.69
107,500 at 4.51%$545.33
107,500 at 4.52%$545.96
107,500 at 4.53%$546.60
107,500 at 4.54%$547.24
107,500 at 4.55%$547.89
107,500 at 4.56%$548.53
107,500 at 4.57%$549.17
107,500 at 4.58%$549.81
107,500 at 4.59%$550.45
107,500 at 4.6%$551.09
107,500 at 4.61%$551.74
107,500 at 4.62%$552.38
107,500 at 4.63%$553.02
107,500 at 4.64%$553.67
107,500 at 4.65%$554.31
107,500 at 4.66%$554.95
107,500 at 4.67%$555.60
107,500 at 4.68%$556.24
107,500 at 4.69%$556.89
107,500 at 4.7%$557.54
107,500 at 4.71%$558.18
107,500 at 4.72%$558.83
107,500 at 4.73%$559.48
107,500 at 4.74%$560.12
107,500 at 4.75%$560.77
107,500 at 4.76%$561.42
107,500 at 4.77%$562.07
107,500 at 4.78%$562.72
107,500 at 4.79%$563.37
107,500 at 4.8%$564.02
107,500 at 4.81%$564.67
107,500 at 4.82%$565.32
107,500 at 4.83%$565.97
107,500 at 4.84%$566.62
107,500 at 4.85%$567.27
107,500 at 4.86%$567.92
107,500 at 4.87%$568.57
107,500 at 4.88%$569.23
107,500 at 4.89%$569.88
107,500 at 4.9%$570.53
107,500 at 4.91%$571.18
107,500 at 4.92%$571.84
107,500 at 4.93%$572.49
107,500 at 4.94%$573.15
107,500 at 4.95%$573.80
107,500 at 4.96%$574.46
107,500 at 4.97%$575.11
107,500 at 4.98%$575.77
107,500 at 4.99%$576.43
107,500 at 5%$577.08
Interest Rate 30 Year
107,500 at 5.01%$577.74
107,500 at 5.02%$578.40
107,500 at 5.03%$579.06
107,500 at 5.04%$579.71
107,500 at 5.05%$580.37
107,500 at 5.06%$581.03
107,500 at 5.07%$581.69
107,500 at 5.08%$582.35
107,500 at 5.09%$583.01
107,500 at 5.1%$583.67
107,500 at 5.11%$584.33
107,500 at 5.12%$584.99
107,500 at 5.13%$585.65
107,500 at 5.14%$586.32
107,500 at 5.15%$586.98
107,500 at 5.16%$587.64
107,500 at 5.17%$588.30
107,500 at 5.18%$588.97
107,500 at 5.19%$589.63
107,500 at 5.2%$590.29
107,500 at 5.21%$590.96
107,500 at 5.22%$591.62
107,500 at 5.23%$592.29
107,500 at 5.24%$592.95
107,500 at 5.25%$593.62
107,500 at 5.26%$594.28
107,500 at 5.27%$594.95
107,500 at 5.28%$595.62
107,500 at 5.29%$596.29
107,500 at 5.3%$596.95
107,500 at 5.31%$597.62
107,500 at 5.32%$598.29
107,500 at 5.33%$598.96
107,500 at 5.34%$599.63
107,500 at 5.35%$600.29
107,500 at 5.36%$600.96
107,500 at 5.37%$601.63
107,500 at 5.38%$602.30
107,500 at 5.39%$602.97
107,500 at 5.4%$603.65
107,500 at 5.41%$604.32
107,500 at 5.42%$604.99
107,500 at 5.43%$605.66
107,500 at 5.44%$606.33
107,500 at 5.45%$607.01
107,500 at 5.46%$607.68
107,500 at 5.47%$608.35
107,500 at 5.48%$609.02
107,500 at 5.49%$609.70
107,500 at 5.5%$610.37
107,500 at 5.51%$611.05
107,500 at 5.52%$611.72
107,500 at 5.53%$612.40
107,500 at 5.54%$613.07
107,500 at 5.55%$613.75
107,500 at 5.56%$614.43
107,500 at 5.57%$615.10
107,500 at 5.58%$615.78
107,500 at 5.59%$616.46
107,500 at 5.6%$617.13
107,500 at 5.61%$617.81
107,500 at 5.62%$618.49
107,500 at 5.63%$619.17
107,500 at 5.64%$619.85
107,500 at 5.65%$620.53
107,500 at 5.66%$621.21
107,500 at 5.67%$621.89
107,500 at 5.68%$622.57
107,500 at 5.69%$623.25
107,500 at 5.7%$623.93
107,500 at 5.71%$624.61
107,500 at 5.72%$625.29
107,500 at 5.73%$625.98
107,500 at 5.74%$626.66
107,500 at 5.75%$627.34
107,500 at 5.76%$628.02
107,500 at 5.77%$628.71
107,500 at 5.78%$629.39
107,500 at 5.79%$630.08
107,500 at 5.8%$630.76
107,500 at 5.81%$631.44
107,500 at 5.82%$632.13
107,500 at 5.83%$632.81
107,500 at 5.84%$633.50
107,500 at 5.85%$634.19
107,500 at 5.86%$634.87
107,500 at 5.87%$635.56
107,500 at 5.88%$636.25
107,500 at 5.89%$636.93
107,500 at 5.9%$637.62
107,500 at 5.91%$638.31
107,500 at 5.92%$639.00
107,500 at 5.93%$639.69
107,500 at 5.94%$640.38
107,500 at 5.95%$641.07
107,500 at 5.96%$641.75
107,500 at 5.97%$642.44
107,500 at 5.98%$643.14
107,500 at 5.99%$643.83
107,500 at 6%$644.52
107,500 at 6.01%$645.21
107,500 at 6.02%$645.90
107,500 at 6.03%$646.59
107,500 at 6.04%$647.28
107,500 at 6.05%$647.98
107,500 at 6.06%$648.67
107,500 at 6.07%$649.36
107,500 at 6.08%$650.06
107,500 at 6.09%$650.75
107,500 at 6.1%$651.44
107,500 at 6.11%$652.14
107,500 at 6.12%$652.83
107,500 at 6.13%$653.53
107,500 at 6.14%$654.22
107,500 at 6.15%$654.92
107,500 at 6.16%$655.62
107,500 at 6.17%$656.31
107,500 at 6.18%$657.01
107,500 at 6.19%$657.71
107,500 at 6.2%$658.40
107,500 at 6.21%$659.10
107,500 at 6.22%$659.80
107,500 at 6.23%$660.50
107,500 at 6.24%$661.20
107,500 at 6.25%$661.90
107,500 at 6.26%$662.60
107,500 at 6.27%$663.29
107,500 at 6.28%$663.99
107,500 at 6.29%$664.70
107,500 at 6.3%$665.40
107,500 at 6.31%$666.10
107,500 at 6.32%$666.80
107,500 at 6.33%$667.50
107,500 at 6.34%$668.20
107,500 at 6.35%$668.90
107,500 at 6.36%$669.61
107,500 at 6.37%$670.31
107,500 at 6.38%$671.01
107,500 at 6.39%$671.72
107,500 at 6.4%$672.42
107,500 at 6.41%$673.12
107,500 at 6.42%$673.83
107,500 at 6.43%$674.53
107,500 at 6.44%$675.24
107,500 at 6.45%$675.94
107,500 at 6.46%$676.65
107,500 at 6.47%$677.35
107,500 at 6.48%$678.06
107,500 at 6.49%$678.77
107,500 at 6.5%$679.47
Interest Rate 30 Year
107,500 at 6.51%$680.18
107,500 at 6.52%$680.89
107,500 at 6.53%$681.60
107,500 at 6.54%$682.30
107,500 at 6.55%$683.01
107,500 at 6.56%$683.72
107,500 at 6.57%$684.43
107,500 at 6.58%$685.14
107,500 at 6.59%$685.85
107,500 at 6.6%$686.56
107,500 at 6.61%$687.27
107,500 at 6.62%$687.98
107,500 at 6.63%$688.69
107,500 at 6.64%$689.40
107,500 at 6.65%$690.11
107,500 at 6.66%$690.82
107,500 at 6.67%$691.54
107,500 at 6.68%$692.25
107,500 at 6.69%$692.96
107,500 at 6.7%$693.67
107,500 at 6.71%$694.39
107,500 at 6.72%$695.10
107,500 at 6.73%$695.81
107,500 at 6.74%$696.53
107,500 at 6.75%$697.24
107,500 at 6.76%$697.96
107,500 at 6.77%$698.67
107,500 at 6.78%$699.39
107,500 at 6.79%$700.10
107,500 at 6.8%$700.82
107,500 at 6.81%$701.54
107,500 at 6.82%$702.25
107,500 at 6.83%$702.97
107,500 at 6.84%$703.69
107,500 at 6.85%$704.40
107,500 at 6.86%$705.12
107,500 at 6.87%$705.84
107,500 at 6.88%$706.56
107,500 at 6.89%$707.28
107,500 at 6.9%$708.00
107,500 at 6.91%$708.71
107,500 at 6.92%$709.43
107,500 at 6.93%$710.15
107,500 at 6.94%$710.87
107,500 at 6.95%$711.59
107,500 at 6.96%$712.31
107,500 at 6.97%$713.04
107,500 at 6.98%$713.76
107,500 at 6.99%$714.48
107,500 at 7%$715.20
107,500 at 7.01%$715.92
107,500 at 7.02%$716.64
107,500 at 7.03%$717.37
107,500 at 7.04%$718.09
107,500 at 7.05%$718.81
107,500 at 7.06%$719.54
107,500 at 7.07%$720.26
107,500 at 7.08%$720.99
107,500 at 7.09%$721.71
107,500 at 7.1%$722.43
107,500 at 7.11%$723.16
107,500 at 7.12%$723.88
107,500 at 7.13%$724.61
107,500 at 7.14%$725.34
107,500 at 7.15%$726.06
107,500 at 7.16%$726.79
107,500 at 7.17%$727.52
107,500 at 7.18%$728.24
107,500 at 7.19%$728.97
107,500 at 7.2%$729.70
107,500 at 7.21%$730.43
107,500 at 7.22%$731.15
107,500 at 7.23%$731.88
107,500 at 7.24%$732.61
107,500 at 7.25%$733.34
107,500 at 7.26%$734.07
107,500 at 7.27%$734.80
107,500 at 7.28%$735.53
107,500 at 7.29%$736.26
107,500 at 7.3%$736.99
107,500 at 7.31%$737.72
107,500 at 7.32%$738.45
107,500 at 7.33%$739.18
107,500 at 7.34%$739.91
107,500 at 7.35%$740.65
107,500 at 7.36%$741.38
107,500 at 7.37%$742.11
107,500 at 7.38%$742.84
107,500 at 7.39%$743.58
107,500 at 7.4%$744.31
107,500 at 7.41%$745.04
107,500 at 7.42%$745.78
107,500 at 7.43%$746.51
107,500 at 7.44%$747.24
107,500 at 7.45%$747.98
107,500 at 7.46%$748.71
107,500 at 7.47%$749.45
107,500 at 7.48%$750.18
107,500 at 7.49%$750.92
107,500 at 7.5%$751.66
107,500 at 7.51%$752.39
107,500 at 7.52%$753.13
107,500 at 7.53%$753.87
107,500 at 7.54%$754.60
107,500 at 7.55%$755.34
107,500 at 7.56%$756.08
107,500 at 7.57%$756.82
107,500 at 7.58%$757.55
107,500 at 7.59%$758.29
107,500 at 7.6%$759.03
107,500 at 7.61%$759.77
107,500 at 7.62%$760.51
107,500 at 7.63%$761.25
107,500 at 7.64%$761.99
107,500 at 7.65%$762.73
107,500 at 7.66%$763.47
107,500 at 7.67%$764.21
107,500 at 7.68%$764.95
107,500 at 7.69%$765.69
107,500 at 7.7%$766.43
107,500 at 7.71%$767.17
107,500 at 7.72%$767.92
107,500 at 7.73%$768.66
107,500 at 7.74%$769.40
107,500 at 7.75%$770.14
107,500 at 7.76%$770.89
107,500 at 7.77%$771.63
107,500 at 7.78%$772.37
107,500 at 7.79%$773.12
107,500 at 7.8%$773.86
107,500 at 7.81%$774.61
107,500 at 7.82%$775.35
107,500 at 7.83%$776.09
107,500 at 7.84%$776.84
107,500 at 7.85%$777.59
107,500 at 7.86%$778.33
107,500 at 7.87%$779.08
107,500 at 7.88%$779.82
107,500 at 7.89%$780.57
107,500 at 7.9%$781.32
107,500 at 7.91%$782.06
107,500 at 7.92%$782.81
107,500 at 7.93%$783.56
107,500 at 7.94%$784.31
107,500 at 7.95%$785.05
107,500 at 7.96%$785.80
107,500 at 7.97%$786.55
107,500 at 7.98%$787.30
107,500 at 7.99%$788.05
107,500 at 8%$788.80
More Amounts
What is the down payment for a $107,500 house? How much do you need to put down?
Percent Down Down Payment
1%1,075
2%2,150
3%3,225
4%4,300
5%5,375
6%6,450
7%7,525
8%8,600
9%9,675
10%10,750
11%11,825
12%12,900
13%13,975
14%15,050
15%16,125
16%17,200
17%18,275
18%19,350
19%20,425
20%21,500
Percent Down Down Payment
21%22,575
22%23,650
23%24,725
24%25,800
25%26,875
26%27,950
27%29,025
28%30,100
29%31,175
30%32,250
31%33,325
32%34,400
33%35,475
34%36,550
35%37,625
36%38,700
37%39,775
38%40,850
39%41,925
40%43,000
Percent Down Down Payment
41%44,075
42%45,150
43%46,225
44%47,300
45%48,375
46%49,450
47%50,525
48%51,600
49%52,675
50%53,750
51%54,825
52%55,900
53%56,975
54%58,050
55%59,125
56%60,200
57%61,275
58%62,350
59%63,425
60%64,500
Percent Down Down Payment
61%65,575
62%66,650
63%67,725
64%68,800
65%69,875
66%70,950
67%72,025
68%73,100
69%74,175
70%75,250
71%76,325
72%77,400
73%78,475
74%79,550
75%80,625
76%81,700
77%82,775
78%83,850
79%84,925
80%86,000
Percent Down Down Payment
81%87,075
82%88,150
83%89,225
84%90,300
85%91,375
86%92,450
87%93,525
88%94,600
89%95,675
90%96,750
91%97,825
92%98,900
93%99,975
94%101,050
95%102,125
96%103,200
97%104,275
98%105,350
99%106,425
100%107,500
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.