$107,950 Mortgage for 30 Years

What is the monthly payment of a 107,950 dollar loan?
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Loan Tables for a $107,950 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 $107,950 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
107,950 at 2.01%$399.54
107,950 at 2.02%$400.08
107,950 at 2.03%$400.63
107,950 at 2.04%$401.17
107,950 at 2.05%$401.71
107,950 at 2.06%$402.25
107,950 at 2.07%$402.79
107,950 at 2.08%$403.34
107,950 at 2.09%$403.88
107,950 at 2.1%$404.42
107,950 at 2.11%$404.97
107,950 at 2.12%$405.51
107,950 at 2.13%$406.06
107,950 at 2.14%$406.60
107,950 at 2.15%$407.15
107,950 at 2.16%$407.70
107,950 at 2.17%$408.24
107,950 at 2.18%$408.79
107,950 at 2.19%$409.34
107,950 at 2.2%$409.89
107,950 at 2.21%$410.44
107,950 at 2.22%$410.98
107,950 at 2.23%$411.53
107,950 at 2.24%$412.08
107,950 at 2.25%$412.63
107,950 at 2.26%$413.19
107,950 at 2.27%$413.74
107,950 at 2.28%$414.29
107,950 at 2.29%$414.84
107,950 at 2.3%$415.39
107,950 at 2.31%$415.95
107,950 at 2.32%$416.50
107,950 at 2.33%$417.05
107,950 at 2.34%$417.61
107,950 at 2.35%$418.16
107,950 at 2.36%$418.72
107,950 at 2.37%$419.27
107,950 at 2.38%$419.83
107,950 at 2.39%$420.38
107,950 at 2.4%$420.94
107,950 at 2.41%$421.50
107,950 at 2.42%$422.06
107,950 at 2.43%$422.61
107,950 at 2.44%$423.17
107,950 at 2.45%$423.73
107,950 at 2.46%$424.29
107,950 at 2.47%$424.85
107,950 at 2.48%$425.41
107,950 at 2.49%$425.97
107,950 at 2.5%$426.53
107,950 at 2.51%$427.09
107,950 at 2.52%$427.66
107,950 at 2.53%$428.22
107,950 at 2.54%$428.78
107,950 at 2.55%$429.34
107,950 at 2.56%$429.91
107,950 at 2.57%$430.47
107,950 at 2.58%$431.04
107,950 at 2.59%$431.60
107,950 at 2.6%$432.17
107,950 at 2.61%$432.73
107,950 at 2.62%$433.30
107,950 at 2.63%$433.87
107,950 at 2.64%$434.43
107,950 at 2.65%$435.00
107,950 at 2.66%$435.57
107,950 at 2.67%$436.14
107,950 at 2.68%$436.70
107,950 at 2.69%$437.27
107,950 at 2.7%$437.84
107,950 at 2.71%$438.41
107,950 at 2.72%$438.98
107,950 at 2.73%$439.55
107,950 at 2.74%$440.12
107,950 at 2.75%$440.70
107,950 at 2.76%$441.27
107,950 at 2.77%$441.84
107,950 at 2.78%$442.41
107,950 at 2.79%$442.99
107,950 at 2.8%$443.56
107,950 at 2.81%$444.13
107,950 at 2.82%$444.71
107,950 at 2.83%$445.28
107,950 at 2.84%$445.86
107,950 at 2.85%$446.44
107,950 at 2.86%$447.01
107,950 at 2.87%$447.59
107,950 at 2.88%$448.16
107,950 at 2.89%$448.74
107,950 at 2.9%$449.32
107,950 at 2.91%$449.90
107,950 at 2.92%$450.48
107,950 at 2.93%$451.06
107,950 at 2.94%$451.64
107,950 at 2.95%$452.22
107,950 at 2.96%$452.80
107,950 at 2.97%$453.38
107,950 at 2.98%$453.96
107,950 at 2.99%$454.54
107,950 at 3%$455.12
107,950 at 3.01%$455.70
107,950 at 3.02%$456.29
107,950 at 3.03%$456.87
107,950 at 3.04%$457.45
107,950 at 3.05%$458.04
107,950 at 3.06%$458.62
107,950 at 3.07%$459.21
107,950 at 3.08%$459.79
107,950 at 3.09%$460.38
107,950 at 3.1%$460.96
107,950 at 3.11%$461.55
107,950 at 3.12%$462.14
107,950 at 3.13%$462.73
107,950 at 3.14%$463.31
107,950 at 3.15%$463.90
107,950 at 3.16%$464.49
107,950 at 3.17%$465.08
107,950 at 3.18%$465.67
107,950 at 3.19%$466.26
107,950 at 3.2%$466.85
107,950 at 3.21%$467.44
107,950 at 3.22%$468.03
107,950 at 3.23%$468.62
107,950 at 3.24%$469.21
107,950 at 3.25%$469.81
107,950 at 3.26%$470.40
107,950 at 3.27%$470.99
107,950 at 3.28%$471.58
107,950 at 3.29%$472.18
107,950 at 3.3%$472.77
107,950 at 3.31%$473.37
107,950 at 3.32%$473.96
107,950 at 3.33%$474.56
107,950 at 3.34%$475.15
107,950 at 3.35%$475.75
107,950 at 3.36%$476.35
107,950 at 3.37%$476.94
107,950 at 3.38%$477.54
107,950 at 3.39%$478.14
107,950 at 3.4%$478.74
107,950 at 3.41%$479.34
107,950 at 3.42%$479.94
107,950 at 3.43%$480.54
107,950 at 3.44%$481.14
107,950 at 3.45%$481.74
107,950 at 3.46%$482.34
107,950 at 3.47%$482.94
107,950 at 3.48%$483.54
107,950 at 3.49%$484.14
107,950 at 3.5%$484.74
Interest Rate 30 Year
107,950 at 3.51%$485.35
107,950 at 3.52%$485.95
107,950 at 3.53%$486.55
107,950 at 3.54%$487.16
107,950 at 3.55%$487.76
107,950 at 3.56%$488.37
107,950 at 3.57%$488.97
107,950 at 3.58%$489.58
107,950 at 3.59%$490.18
107,950 at 3.6%$490.79
107,950 at 3.61%$491.40
107,950 at 3.62%$492.00
107,950 at 3.63%$492.61
107,950 at 3.64%$493.22
107,950 at 3.65%$493.83
107,950 at 3.66%$494.44
107,950 at 3.67%$495.05
107,950 at 3.68%$495.66
107,950 at 3.69%$496.27
107,950 at 3.7%$496.88
107,950 at 3.71%$497.49
107,950 at 3.72%$498.10
107,950 at 3.73%$498.71
107,950 at 3.74%$499.32
107,950 at 3.75%$499.93
107,950 at 3.76%$500.55
107,950 at 3.77%$501.16
107,950 at 3.78%$501.77
107,950 at 3.79%$502.39
107,950 at 3.8%$503.00
107,950 at 3.81%$503.62
107,950 at 3.82%$504.23
107,950 at 3.83%$504.85
107,950 at 3.84%$505.46
107,950 at 3.85%$506.08
107,950 at 3.86%$506.70
107,950 at 3.87%$507.31
107,950 at 3.88%$507.93
107,950 at 3.89%$508.55
107,950 at 3.9%$509.17
107,950 at 3.91%$509.78
107,950 at 3.92%$510.40
107,950 at 3.93%$511.02
107,950 at 3.94%$511.64
107,950 at 3.95%$512.26
107,950 at 3.96%$512.88
107,950 at 3.97%$513.50
107,950 at 3.98%$514.13
107,950 at 3.99%$514.75
107,950 at 4%$515.37
107,950 at 4.01%$515.99
107,950 at 4.02%$516.62
107,950 at 4.03%$517.24
107,950 at 4.04%$517.86
107,950 at 4.05%$518.49
107,950 at 4.06%$519.11
107,950 at 4.07%$519.74
107,950 at 4.08%$520.36
107,950 at 4.09%$520.99
107,950 at 4.1%$521.61
107,950 at 4.11%$522.24
107,950 at 4.12%$522.87
107,950 at 4.13%$523.49
107,950 at 4.14%$524.12
107,950 at 4.15%$524.75
107,950 at 4.16%$525.38
107,950 at 4.17%$526.01
107,950 at 4.18%$526.63
107,950 at 4.19%$527.26
107,950 at 4.2%$527.89
107,950 at 4.21%$528.52
107,950 at 4.22%$529.15
107,950 at 4.23%$529.79
107,950 at 4.24%$530.42
107,950 at 4.25%$531.05
107,950 at 4.26%$531.68
107,950 at 4.27%$532.31
107,950 at 4.28%$532.95
107,950 at 4.29%$533.58
107,950 at 4.3%$534.21
107,950 at 4.31%$534.85
107,950 at 4.32%$535.48
107,950 at 4.33%$536.12
107,950 at 4.34%$536.75
107,950 at 4.35%$537.39
107,950 at 4.36%$538.02
107,950 at 4.37%$538.66
107,950 at 4.38%$539.30
107,950 at 4.39%$539.93
107,950 at 4.4%$540.57
107,950 at 4.41%$541.21
107,950 at 4.42%$541.85
107,950 at 4.43%$542.49
107,950 at 4.44%$543.13
107,950 at 4.45%$543.76
107,950 at 4.46%$544.40
107,950 at 4.47%$545.04
107,950 at 4.48%$545.68
107,950 at 4.49%$546.33
107,950 at 4.5%$546.97
107,950 at 4.51%$547.61
107,950 at 4.52%$548.25
107,950 at 4.53%$548.89
107,950 at 4.54%$549.54
107,950 at 4.55%$550.18
107,950 at 4.56%$550.82
107,950 at 4.57%$551.47
107,950 at 4.58%$552.11
107,950 at 4.59%$552.75
107,950 at 4.6%$553.40
107,950 at 4.61%$554.04
107,950 at 4.62%$554.69
107,950 at 4.63%$555.34
107,950 at 4.64%$555.98
107,950 at 4.65%$556.63
107,950 at 4.66%$557.28
107,950 at 4.67%$557.92
107,950 at 4.68%$558.57
107,950 at 4.69%$559.22
107,950 at 4.7%$559.87
107,950 at 4.71%$560.52
107,950 at 4.72%$561.17
107,950 at 4.73%$561.82
107,950 at 4.74%$562.47
107,950 at 4.75%$563.12
107,950 at 4.76%$563.77
107,950 at 4.77%$564.42
107,950 at 4.78%$565.07
107,950 at 4.79%$565.72
107,950 at 4.8%$566.38
107,950 at 4.81%$567.03
107,950 at 4.82%$567.68
107,950 at 4.83%$568.34
107,950 at 4.84%$568.99
107,950 at 4.85%$569.64
107,950 at 4.86%$570.30
107,950 at 4.87%$570.95
107,950 at 4.88%$571.61
107,950 at 4.89%$572.26
107,950 at 4.9%$572.92
107,950 at 4.91%$573.58
107,950 at 4.92%$574.23
107,950 at 4.93%$574.89
107,950 at 4.94%$575.55
107,950 at 4.95%$576.20
107,950 at 4.96%$576.86
107,950 at 4.97%$577.52
107,950 at 4.98%$578.18
107,950 at 4.99%$578.84
107,950 at 5%$579.50
Interest Rate 30 Year
107,950 at 5.01%$580.16
107,950 at 5.02%$580.82
107,950 at 5.03%$581.48
107,950 at 5.04%$582.14
107,950 at 5.05%$582.80
107,950 at 5.06%$583.46
107,950 at 5.07%$584.13
107,950 at 5.08%$584.79
107,950 at 5.09%$585.45
107,950 at 5.1%$586.11
107,950 at 5.11%$586.78
107,950 at 5.12%$587.44
107,950 at 5.13%$588.11
107,950 at 5.14%$588.77
107,950 at 5.15%$589.44
107,950 at 5.16%$590.10
107,950 at 5.17%$590.77
107,950 at 5.18%$591.43
107,950 at 5.19%$592.10
107,950 at 5.2%$592.77
107,950 at 5.21%$593.43
107,950 at 5.22%$594.10
107,950 at 5.23%$594.77
107,950 at 5.24%$595.44
107,950 at 5.25%$596.10
107,950 at 5.26%$596.77
107,950 at 5.27%$597.44
107,950 at 5.28%$598.11
107,950 at 5.29%$598.78
107,950 at 5.3%$599.45
107,950 at 5.31%$600.12
107,950 at 5.32%$600.79
107,950 at 5.33%$601.46
107,950 at 5.34%$602.14
107,950 at 5.35%$602.81
107,950 at 5.36%$603.48
107,950 at 5.37%$604.15
107,950 at 5.38%$604.83
107,950 at 5.39%$605.50
107,950 at 5.4%$606.17
107,950 at 5.41%$606.85
107,950 at 5.42%$607.52
107,950 at 5.43%$608.20
107,950 at 5.44%$608.87
107,950 at 5.45%$609.55
107,950 at 5.46%$610.22
107,950 at 5.47%$610.90
107,950 at 5.48%$611.57
107,950 at 5.49%$612.25
107,950 at 5.5%$612.93
107,950 at 5.51%$613.61
107,950 at 5.52%$614.28
107,950 at 5.53%$614.96
107,950 at 5.54%$615.64
107,950 at 5.55%$616.32
107,950 at 5.56%$617.00
107,950 at 5.57%$617.68
107,950 at 5.58%$618.36
107,950 at 5.59%$619.04
107,950 at 5.6%$619.72
107,950 at 5.61%$620.40
107,950 at 5.62%$621.08
107,950 at 5.63%$621.76
107,950 at 5.64%$622.44
107,950 at 5.65%$623.13
107,950 at 5.66%$623.81
107,950 at 5.67%$624.49
107,950 at 5.68%$625.17
107,950 at 5.69%$625.86
107,950 at 5.7%$626.54
107,950 at 5.71%$627.23
107,950 at 5.72%$627.91
107,950 at 5.73%$628.60
107,950 at 5.74%$629.28
107,950 at 5.75%$629.97
107,950 at 5.76%$630.65
107,950 at 5.77%$631.34
107,950 at 5.78%$632.03
107,950 at 5.79%$632.71
107,950 at 5.8%$633.40
107,950 at 5.81%$634.09
107,950 at 5.82%$634.78
107,950 at 5.83%$635.46
107,950 at 5.84%$636.15
107,950 at 5.85%$636.84
107,950 at 5.86%$637.53
107,950 at 5.87%$638.22
107,950 at 5.88%$638.91
107,950 at 5.89%$639.60
107,950 at 5.9%$640.29
107,950 at 5.91%$640.98
107,950 at 5.92%$641.67
107,950 at 5.93%$642.36
107,950 at 5.94%$643.06
107,950 at 5.95%$643.75
107,950 at 5.96%$644.44
107,950 at 5.97%$645.13
107,950 at 5.98%$645.83
107,950 at 5.99%$646.52
107,950 at 6%$647.21
107,950 at 6.01%$647.91
107,950 at 6.02%$648.60
107,950 at 6.03%$649.30
107,950 at 6.04%$649.99
107,950 at 6.05%$650.69
107,950 at 6.06%$651.38
107,950 at 6.07%$652.08
107,950 at 6.08%$652.78
107,950 at 6.09%$653.47
107,950 at 6.1%$654.17
107,950 at 6.11%$654.87
107,950 at 6.12%$655.57
107,950 at 6.13%$656.26
107,950 at 6.14%$656.96
107,950 at 6.15%$657.66
107,950 at 6.16%$658.36
107,950 at 6.17%$659.06
107,950 at 6.18%$659.76
107,950 at 6.19%$660.46
107,950 at 6.2%$661.16
107,950 at 6.21%$661.86
107,950 at 6.22%$662.56
107,950 at 6.23%$663.26
107,950 at 6.24%$663.96
107,950 at 6.25%$664.67
107,950 at 6.26%$665.37
107,950 at 6.27%$666.07
107,950 at 6.28%$666.77
107,950 at 6.29%$667.48
107,950 at 6.3%$668.18
107,950 at 6.31%$668.88
107,950 at 6.32%$669.59
107,950 at 6.33%$670.29
107,950 at 6.34%$671.00
107,950 at 6.35%$671.70
107,950 at 6.36%$672.41
107,950 at 6.37%$673.11
107,950 at 6.38%$673.82
107,950 at 6.39%$674.53
107,950 at 6.4%$675.23
107,950 at 6.41%$675.94
107,950 at 6.42%$676.65
107,950 at 6.43%$677.36
107,950 at 6.44%$678.06
107,950 at 6.45%$678.77
107,950 at 6.46%$679.48
107,950 at 6.47%$680.19
107,950 at 6.48%$680.90
107,950 at 6.49%$681.61
107,950 at 6.5%$682.32
Interest Rate 30 Year
107,950 at 6.51%$683.03
107,950 at 6.52%$683.74
107,950 at 6.53%$684.45
107,950 at 6.54%$685.16
107,950 at 6.55%$685.87
107,950 at 6.56%$686.58
107,950 at 6.57%$687.29
107,950 at 6.58%$688.01
107,950 at 6.59%$688.72
107,950 at 6.6%$689.43
107,950 at 6.61%$690.15
107,950 at 6.62%$690.86
107,950 at 6.63%$691.57
107,950 at 6.64%$692.29
107,950 at 6.65%$693.00
107,950 at 6.66%$693.72
107,950 at 6.67%$694.43
107,950 at 6.68%$695.15
107,950 at 6.69%$695.86
107,950 at 6.7%$696.58
107,950 at 6.71%$697.29
107,950 at 6.72%$698.01
107,950 at 6.73%$698.73
107,950 at 6.74%$699.44
107,950 at 6.75%$700.16
107,950 at 6.76%$700.88
107,950 at 6.77%$701.60
107,950 at 6.78%$702.32
107,950 at 6.79%$703.03
107,950 at 6.8%$703.75
107,950 at 6.81%$704.47
107,950 at 6.82%$705.19
107,950 at 6.83%$705.91
107,950 at 6.84%$706.63
107,950 at 6.85%$707.35
107,950 at 6.86%$708.07
107,950 at 6.87%$708.79
107,950 at 6.88%$709.52
107,950 at 6.89%$710.24
107,950 at 6.9%$710.96
107,950 at 6.91%$711.68
107,950 at 6.92%$712.40
107,950 at 6.93%$713.13
107,950 at 6.94%$713.85
107,950 at 6.95%$714.57
107,950 at 6.96%$715.30
107,950 at 6.97%$716.02
107,950 at 6.98%$716.74
107,950 at 6.99%$717.47
107,950 at 7%$718.19
107,950 at 7.01%$718.92
107,950 at 7.02%$719.64
107,950 at 7.03%$720.37
107,950 at 7.04%$721.10
107,950 at 7.05%$721.82
107,950 at 7.06%$722.55
107,950 at 7.07%$723.28
107,950 at 7.08%$724.00
107,950 at 7.09%$724.73
107,950 at 7.1%$725.46
107,950 at 7.11%$726.19
107,950 at 7.12%$726.91
107,950 at 7.13%$727.64
107,950 at 7.14%$728.37
107,950 at 7.15%$729.10
107,950 at 7.16%$729.83
107,950 at 7.17%$730.56
107,950 at 7.18%$731.29
107,950 at 7.19%$732.02
107,950 at 7.2%$732.75
107,950 at 7.21%$733.48
107,950 at 7.22%$734.21
107,950 at 7.23%$734.95
107,950 at 7.24%$735.68
107,950 at 7.25%$736.41
107,950 at 7.26%$737.14
107,950 at 7.27%$737.87
107,950 at 7.28%$738.61
107,950 at 7.29%$739.34
107,950 at 7.3%$740.07
107,950 at 7.31%$740.81
107,950 at 7.32%$741.54
107,950 at 7.33%$742.28
107,950 at 7.34%$743.01
107,950 at 7.35%$743.75
107,950 at 7.36%$744.48
107,950 at 7.37%$745.22
107,950 at 7.38%$745.95
107,950 at 7.39%$746.69
107,950 at 7.4%$747.42
107,950 at 7.41%$748.16
107,950 at 7.42%$748.90
107,950 at 7.43%$749.63
107,950 at 7.44%$750.37
107,950 at 7.45%$751.11
107,950 at 7.46%$751.85
107,950 at 7.47%$752.59
107,950 at 7.48%$753.32
107,950 at 7.49%$754.06
107,950 at 7.5%$754.80
107,950 at 7.51%$755.54
107,950 at 7.52%$756.28
107,950 at 7.53%$757.02
107,950 at 7.54%$757.76
107,950 at 7.55%$758.50
107,950 at 7.56%$759.24
107,950 at 7.57%$759.98
107,950 at 7.58%$760.72
107,950 at 7.59%$761.47
107,950 at 7.6%$762.21
107,950 at 7.61%$762.95
107,950 at 7.62%$763.69
107,950 at 7.63%$764.43
107,950 at 7.64%$765.18
107,950 at 7.65%$765.92
107,950 at 7.66%$766.66
107,950 at 7.67%$767.41
107,950 at 7.68%$768.15
107,950 at 7.69%$768.90
107,950 at 7.7%$769.64
107,950 at 7.71%$770.39
107,950 at 7.72%$771.13
107,950 at 7.73%$771.88
107,950 at 7.74%$772.62
107,950 at 7.75%$773.37
107,950 at 7.76%$774.11
107,950 at 7.77%$774.86
107,950 at 7.78%$775.61
107,950 at 7.79%$776.35
107,950 at 7.8%$777.10
107,950 at 7.81%$777.85
107,950 at 7.82%$778.60
107,950 at 7.83%$779.34
107,950 at 7.84%$780.09
107,950 at 7.85%$780.84
107,950 at 7.86%$781.59
107,950 at 7.87%$782.34
107,950 at 7.88%$783.09
107,950 at 7.89%$783.84
107,950 at 7.9%$784.59
107,950 at 7.91%$785.34
107,950 at 7.92%$786.09
107,950 at 7.93%$786.84
107,950 at 7.94%$787.59
107,950 at 7.95%$788.34
107,950 at 7.96%$789.09
107,950 at 7.97%$789.84
107,950 at 7.98%$790.59
107,950 at 7.99%$791.35
107,950 at 8%$792.10
More Amounts
What is the down payment for a $107,950 house? How much do you need to put down?
Percent Down Down Payment
1%1,080
2%2,159
3%3,239
4%4,318
5%5,398
6%6,477
7%7,557
8%8,636
9%9,716
10%10,795
11%11,875
12%12,954
13%14,034
14%15,113
15%16,193
16%17,272
17%18,352
18%19,431
19%20,511
20%21,590
Percent Down Down Payment
21%22,670
22%23,749
23%24,829
24%25,908
25%26,988
26%28,067
27%29,147
28%30,226
29%31,306
30%32,385
31%33,465
32%34,544
33%35,624
34%36,703
35%37,783
36%38,862
37%39,942
38%41,021
39%42,101
40%43,180
Percent Down Down Payment
41%44,260
42%45,339
43%46,419
44%47,498
45%48,578
46%49,657
47%50,737
48%51,816
49%52,896
50%53,975
51%55,055
52%56,134
53%57,214
54%58,293
55%59,373
56%60,452
57%61,532
58%62,611
59%63,691
60%64,770
Percent Down Down Payment
61%65,850
62%66,929
63%68,009
64%69,088
65%70,168
66%71,247
67%72,327
68%73,406
69%74,486
70%75,565
71%76,645
72%77,724
73%78,804
74%79,883
75%80,963
76%82,042
77%83,122
78%84,201
79%85,281
80%86,360
Percent Down Down Payment
81%87,440
82%88,519
83%89,599
84%90,678
85%91,758
86%92,837
87%93,917
88%94,996
89%96,076
90%97,155
91%98,235
92%99,314
93%100,394
94%101,473
95%102,553
96%103,632
97%104,712
98%105,791
99%106,871
100%107,950
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.