$108,550 Mortgage for 30 Years

What is the monthly payment of a 108,550 dollar loan?
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Loan Tables for a $108,550 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 109k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $108,550 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
108,550 at 2.01%$401.76
108,550 at 2.02%$402.31
108,550 at 2.03%$402.85
108,550 at 2.04%$403.40
108,550 at 2.05%$403.94
108,550 at 2.06%$404.49
108,550 at 2.07%$405.03
108,550 at 2.08%$405.58
108,550 at 2.09%$406.12
108,550 at 2.1%$406.67
108,550 at 2.11%$407.22
108,550 at 2.12%$407.77
108,550 at 2.13%$408.32
108,550 at 2.14%$408.86
108,550 at 2.15%$409.41
108,550 at 2.16%$409.96
108,550 at 2.17%$410.51
108,550 at 2.18%$411.06
108,550 at 2.19%$411.61
108,550 at 2.2%$412.17
108,550 at 2.21%$412.72
108,550 at 2.22%$413.27
108,550 at 2.23%$413.82
108,550 at 2.24%$414.37
108,550 at 2.25%$414.93
108,550 at 2.26%$415.48
108,550 at 2.27%$416.04
108,550 at 2.28%$416.59
108,550 at 2.29%$417.15
108,550 at 2.3%$417.70
108,550 at 2.31%$418.26
108,550 at 2.32%$418.81
108,550 at 2.33%$419.37
108,550 at 2.34%$419.93
108,550 at 2.35%$420.49
108,550 at 2.36%$421.04
108,550 at 2.37%$421.60
108,550 at 2.38%$422.16
108,550 at 2.39%$422.72
108,550 at 2.4%$423.28
108,550 at 2.41%$423.84
108,550 at 2.42%$424.40
108,550 at 2.43%$424.96
108,550 at 2.44%$425.53
108,550 at 2.45%$426.09
108,550 at 2.46%$426.65
108,550 at 2.47%$427.21
108,550 at 2.48%$427.78
108,550 at 2.49%$428.34
108,550 at 2.5%$428.90
108,550 at 2.51%$429.47
108,550 at 2.52%$430.03
108,550 at 2.53%$430.60
108,550 at 2.54%$431.16
108,550 at 2.55%$431.73
108,550 at 2.56%$432.30
108,550 at 2.57%$432.86
108,550 at 2.58%$433.43
108,550 at 2.59%$434.00
108,550 at 2.6%$434.57
108,550 at 2.61%$435.14
108,550 at 2.62%$435.71
108,550 at 2.63%$436.28
108,550 at 2.64%$436.85
108,550 at 2.65%$437.42
108,550 at 2.66%$437.99
108,550 at 2.67%$438.56
108,550 at 2.68%$439.13
108,550 at 2.69%$439.70
108,550 at 2.7%$440.28
108,550 at 2.71%$440.85
108,550 at 2.72%$441.42
108,550 at 2.73%$442.00
108,550 at 2.74%$442.57
108,550 at 2.75%$443.15
108,550 at 2.76%$443.72
108,550 at 2.77%$444.30
108,550 at 2.78%$444.87
108,550 at 2.79%$445.45
108,550 at 2.8%$446.03
108,550 at 2.81%$446.60
108,550 at 2.82%$447.18
108,550 at 2.83%$447.76
108,550 at 2.84%$448.34
108,550 at 2.85%$448.92
108,550 at 2.86%$449.50
108,550 at 2.87%$450.08
108,550 at 2.88%$450.66
108,550 at 2.89%$451.24
108,550 at 2.9%$451.82
108,550 at 2.91%$452.40
108,550 at 2.92%$452.98
108,550 at 2.93%$453.56
108,550 at 2.94%$454.15
108,550 at 2.95%$454.73
108,550 at 2.96%$455.31
108,550 at 2.97%$455.90
108,550 at 2.98%$456.48
108,550 at 2.99%$457.07
108,550 at 3%$457.65
108,550 at 3.01%$458.24
108,550 at 3.02%$458.82
108,550 at 3.03%$459.41
108,550 at 3.04%$460.00
108,550 at 3.05%$460.58
108,550 at 3.06%$461.17
108,550 at 3.07%$461.76
108,550 at 3.08%$462.35
108,550 at 3.09%$462.94
108,550 at 3.1%$463.53
108,550 at 3.11%$464.12
108,550 at 3.12%$464.71
108,550 at 3.13%$465.30
108,550 at 3.14%$465.89
108,550 at 3.15%$466.48
108,550 at 3.16%$467.07
108,550 at 3.17%$467.66
108,550 at 3.18%$468.26
108,550 at 3.19%$468.85
108,550 at 3.2%$469.44
108,550 at 3.21%$470.04
108,550 at 3.22%$470.63
108,550 at 3.23%$471.23
108,550 at 3.24%$471.82
108,550 at 3.25%$472.42
108,550 at 3.26%$473.01
108,550 at 3.27%$473.61
108,550 at 3.28%$474.21
108,550 at 3.29%$474.80
108,550 at 3.3%$475.40
108,550 at 3.31%$476.00
108,550 at 3.32%$476.60
108,550 at 3.33%$477.20
108,550 at 3.34%$477.79
108,550 at 3.35%$478.39
108,550 at 3.36%$478.99
108,550 at 3.37%$479.60
108,550 at 3.38%$480.20
108,550 at 3.39%$480.80
108,550 at 3.4%$481.40
108,550 at 3.41%$482.00
108,550 at 3.42%$482.60
108,550 at 3.43%$483.21
108,550 at 3.44%$483.81
108,550 at 3.45%$484.41
108,550 at 3.46%$485.02
108,550 at 3.47%$485.62
108,550 at 3.48%$486.23
108,550 at 3.49%$486.83
108,550 at 3.5%$487.44
Interest Rate 30 Year
108,550 at 3.51%$488.04
108,550 at 3.52%$488.65
108,550 at 3.53%$489.26
108,550 at 3.54%$489.86
108,550 at 3.55%$490.47
108,550 at 3.56%$491.08
108,550 at 3.57%$491.69
108,550 at 3.58%$492.30
108,550 at 3.59%$492.91
108,550 at 3.6%$493.52
108,550 at 3.61%$494.13
108,550 at 3.62%$494.74
108,550 at 3.63%$495.35
108,550 at 3.64%$495.96
108,550 at 3.65%$496.57
108,550 at 3.66%$497.18
108,550 at 3.67%$497.80
108,550 at 3.68%$498.41
108,550 at 3.69%$499.02
108,550 at 3.7%$499.64
108,550 at 3.71%$500.25
108,550 at 3.72%$500.87
108,550 at 3.73%$501.48
108,550 at 3.74%$502.10
108,550 at 3.75%$502.71
108,550 at 3.76%$503.33
108,550 at 3.77%$503.94
108,550 at 3.78%$504.56
108,550 at 3.79%$505.18
108,550 at 3.8%$505.80
108,550 at 3.81%$506.41
108,550 at 3.82%$507.03
108,550 at 3.83%$507.65
108,550 at 3.84%$508.27
108,550 at 3.85%$508.89
108,550 at 3.86%$509.51
108,550 at 3.87%$510.13
108,550 at 3.88%$510.75
108,550 at 3.89%$511.37
108,550 at 3.9%$512.00
108,550 at 3.91%$512.62
108,550 at 3.92%$513.24
108,550 at 3.93%$513.86
108,550 at 3.94%$514.49
108,550 at 3.95%$515.11
108,550 at 3.96%$515.73
108,550 at 3.97%$516.36
108,550 at 3.98%$516.98
108,550 at 3.99%$517.61
108,550 at 4%$518.23
108,550 at 4.01%$518.86
108,550 at 4.02%$519.49
108,550 at 4.03%$520.11
108,550 at 4.04%$520.74
108,550 at 4.05%$521.37
108,550 at 4.06%$522.00
108,550 at 4.07%$522.62
108,550 at 4.08%$523.25
108,550 at 4.09%$523.88
108,550 at 4.1%$524.51
108,550 at 4.11%$525.14
108,550 at 4.12%$525.77
108,550 at 4.13%$526.40
108,550 at 4.14%$527.03
108,550 at 4.15%$527.67
108,550 at 4.16%$528.30
108,550 at 4.17%$528.93
108,550 at 4.18%$529.56
108,550 at 4.19%$530.19
108,550 at 4.2%$530.83
108,550 at 4.21%$531.46
108,550 at 4.22%$532.10
108,550 at 4.23%$532.73
108,550 at 4.24%$533.37
108,550 at 4.25%$534.00
108,550 at 4.26%$534.64
108,550 at 4.27%$535.27
108,550 at 4.28%$535.91
108,550 at 4.29%$536.55
108,550 at 4.3%$537.18
108,550 at 4.31%$537.82
108,550 at 4.32%$538.46
108,550 at 4.33%$539.10
108,550 at 4.34%$539.74
108,550 at 4.35%$540.37
108,550 at 4.36%$541.01
108,550 at 4.37%$541.65
108,550 at 4.38%$542.29
108,550 at 4.39%$542.93
108,550 at 4.4%$543.58
108,550 at 4.41%$544.22
108,550 at 4.42%$544.86
108,550 at 4.43%$545.50
108,550 at 4.44%$546.14
108,550 at 4.45%$546.79
108,550 at 4.46%$547.43
108,550 at 4.47%$548.07
108,550 at 4.48%$548.72
108,550 at 4.49%$549.36
108,550 at 4.5%$550.01
108,550 at 4.51%$550.65
108,550 at 4.52%$551.30
108,550 at 4.53%$551.94
108,550 at 4.54%$552.59
108,550 at 4.55%$553.24
108,550 at 4.56%$553.88
108,550 at 4.57%$554.53
108,550 at 4.58%$555.18
108,550 at 4.59%$555.83
108,550 at 4.6%$556.48
108,550 at 4.61%$557.12
108,550 at 4.62%$557.77
108,550 at 4.63%$558.42
108,550 at 4.64%$559.07
108,550 at 4.65%$559.72
108,550 at 4.66%$560.37
108,550 at 4.67%$561.03
108,550 at 4.68%$561.68
108,550 at 4.69%$562.33
108,550 at 4.7%$562.98
108,550 at 4.71%$563.63
108,550 at 4.72%$564.29
108,550 at 4.73%$564.94
108,550 at 4.74%$565.59
108,550 at 4.75%$566.25
108,550 at 4.76%$566.90
108,550 at 4.77%$567.56
108,550 at 4.78%$568.21
108,550 at 4.79%$568.87
108,550 at 4.8%$569.52
108,550 at 4.81%$570.18
108,550 at 4.82%$570.84
108,550 at 4.83%$571.49
108,550 at 4.84%$572.15
108,550 at 4.85%$572.81
108,550 at 4.86%$573.47
108,550 at 4.87%$574.13
108,550 at 4.88%$574.79
108,550 at 4.89%$575.44
108,550 at 4.9%$576.10
108,550 at 4.91%$576.76
108,550 at 4.92%$577.42
108,550 at 4.93%$578.08
108,550 at 4.94%$578.75
108,550 at 4.95%$579.41
108,550 at 4.96%$580.07
108,550 at 4.97%$580.73
108,550 at 4.98%$581.39
108,550 at 4.99%$582.06
108,550 at 5%$582.72
Interest Rate 30 Year
108,550 at 5.01%$583.38
108,550 at 5.02%$584.05
108,550 at 5.03%$584.71
108,550 at 5.04%$585.38
108,550 at 5.05%$586.04
108,550 at 5.06%$586.71
108,550 at 5.07%$587.37
108,550 at 5.08%$588.04
108,550 at 5.09%$588.71
108,550 at 5.1%$589.37
108,550 at 5.11%$590.04
108,550 at 5.12%$590.71
108,550 at 5.13%$591.37
108,550 at 5.14%$592.04
108,550 at 5.15%$592.71
108,550 at 5.16%$593.38
108,550 at 5.17%$594.05
108,550 at 5.18%$594.72
108,550 at 5.19%$595.39
108,550 at 5.2%$596.06
108,550 at 5.21%$596.73
108,550 at 5.22%$597.40
108,550 at 5.23%$598.07
108,550 at 5.24%$598.74
108,550 at 5.25%$599.42
108,550 at 5.26%$600.09
108,550 at 5.27%$600.76
108,550 at 5.28%$601.44
108,550 at 5.29%$602.11
108,550 at 5.3%$602.78
108,550 at 5.31%$603.46
108,550 at 5.32%$604.13
108,550 at 5.33%$604.81
108,550 at 5.34%$605.48
108,550 at 5.35%$606.16
108,550 at 5.36%$606.83
108,550 at 5.37%$607.51
108,550 at 5.38%$608.19
108,550 at 5.39%$608.86
108,550 at 5.4%$609.54
108,550 at 5.41%$610.22
108,550 at 5.42%$610.90
108,550 at 5.43%$611.58
108,550 at 5.44%$612.25
108,550 at 5.45%$612.93
108,550 at 5.46%$613.61
108,550 at 5.47%$614.29
108,550 at 5.48%$614.97
108,550 at 5.49%$615.65
108,550 at 5.5%$616.33
108,550 at 5.51%$617.02
108,550 at 5.52%$617.70
108,550 at 5.53%$618.38
108,550 at 5.54%$619.06
108,550 at 5.55%$619.74
108,550 at 5.56%$620.43
108,550 at 5.57%$621.11
108,550 at 5.58%$621.79
108,550 at 5.59%$622.48
108,550 at 5.6%$623.16
108,550 at 5.61%$623.85
108,550 at 5.62%$624.53
108,550 at 5.63%$625.22
108,550 at 5.64%$625.90
108,550 at 5.65%$626.59
108,550 at 5.66%$627.28
108,550 at 5.67%$627.96
108,550 at 5.68%$628.65
108,550 at 5.69%$629.34
108,550 at 5.7%$630.02
108,550 at 5.71%$630.71
108,550 at 5.72%$631.40
108,550 at 5.73%$632.09
108,550 at 5.74%$632.78
108,550 at 5.75%$633.47
108,550 at 5.76%$634.16
108,550 at 5.77%$634.85
108,550 at 5.78%$635.54
108,550 at 5.79%$636.23
108,550 at 5.8%$636.92
108,550 at 5.81%$637.61
108,550 at 5.82%$638.30
108,550 at 5.83%$639.00
108,550 at 5.84%$639.69
108,550 at 5.85%$640.38
108,550 at 5.86%$641.07
108,550 at 5.87%$641.77
108,550 at 5.88%$642.46
108,550 at 5.89%$643.16
108,550 at 5.9%$643.85
108,550 at 5.91%$644.54
108,550 at 5.92%$645.24
108,550 at 5.93%$645.93
108,550 at 5.94%$646.63
108,550 at 5.95%$647.33
108,550 at 5.96%$648.02
108,550 at 5.97%$648.72
108,550 at 5.98%$649.42
108,550 at 5.99%$650.11
108,550 at 6%$650.81
108,550 at 6.01%$651.51
108,550 at 6.02%$652.21
108,550 at 6.03%$652.91
108,550 at 6.04%$653.61
108,550 at 6.05%$654.31
108,550 at 6.06%$655.01
108,550 at 6.07%$655.71
108,550 at 6.08%$656.41
108,550 at 6.09%$657.11
108,550 at 6.1%$657.81
108,550 at 6.11%$658.51
108,550 at 6.12%$659.21
108,550 at 6.13%$659.91
108,550 at 6.14%$660.61
108,550 at 6.15%$661.32
108,550 at 6.16%$662.02
108,550 at 6.17%$662.72
108,550 at 6.18%$663.43
108,550 at 6.19%$664.13
108,550 at 6.2%$664.84
108,550 at 6.21%$665.54
108,550 at 6.22%$666.24
108,550 at 6.23%$666.95
108,550 at 6.24%$667.66
108,550 at 6.25%$668.36
108,550 at 6.26%$669.07
108,550 at 6.27%$669.77
108,550 at 6.28%$670.48
108,550 at 6.29%$671.19
108,550 at 6.3%$671.89
108,550 at 6.31%$672.60
108,550 at 6.32%$673.31
108,550 at 6.33%$674.02
108,550 at 6.34%$674.73
108,550 at 6.35%$675.44
108,550 at 6.36%$676.15
108,550 at 6.37%$676.86
108,550 at 6.38%$677.57
108,550 at 6.39%$678.28
108,550 at 6.4%$678.99
108,550 at 6.41%$679.70
108,550 at 6.42%$680.41
108,550 at 6.43%$681.12
108,550 at 6.44%$681.83
108,550 at 6.45%$682.54
108,550 at 6.46%$683.26
108,550 at 6.47%$683.97
108,550 at 6.48%$684.68
108,550 at 6.49%$685.40
108,550 at 6.5%$686.11
Interest Rate 30 Year
108,550 at 6.51%$686.82
108,550 at 6.52%$687.54
108,550 at 6.53%$688.25
108,550 at 6.54%$688.97
108,550 at 6.55%$689.68
108,550 at 6.56%$690.40
108,550 at 6.57%$691.11
108,550 at 6.58%$691.83
108,550 at 6.59%$692.55
108,550 at 6.6%$693.26
108,550 at 6.61%$693.98
108,550 at 6.62%$694.70
108,550 at 6.63%$695.42
108,550 at 6.64%$696.13
108,550 at 6.65%$696.85
108,550 at 6.66%$697.57
108,550 at 6.67%$698.29
108,550 at 6.68%$699.01
108,550 at 6.69%$699.73
108,550 at 6.7%$700.45
108,550 at 6.71%$701.17
108,550 at 6.72%$701.89
108,550 at 6.73%$702.61
108,550 at 6.74%$703.33
108,550 at 6.75%$704.05
108,550 at 6.76%$704.77
108,550 at 6.77%$705.50
108,550 at 6.78%$706.22
108,550 at 6.79%$706.94
108,550 at 6.8%$707.66
108,550 at 6.81%$708.39
108,550 at 6.82%$709.11
108,550 at 6.83%$709.84
108,550 at 6.84%$710.56
108,550 at 6.85%$711.28
108,550 at 6.86%$712.01
108,550 at 6.87%$712.73
108,550 at 6.88%$713.46
108,550 at 6.89%$714.18
108,550 at 6.9%$714.91
108,550 at 6.91%$715.64
108,550 at 6.92%$716.36
108,550 at 6.93%$717.09
108,550 at 6.94%$717.82
108,550 at 6.95%$718.54
108,550 at 6.96%$719.27
108,550 at 6.97%$720.00
108,550 at 6.98%$720.73
108,550 at 6.99%$721.46
108,550 at 7%$722.19
108,550 at 7.01%$722.92
108,550 at 7.02%$723.64
108,550 at 7.03%$724.37
108,550 at 7.04%$725.10
108,550 at 7.05%$725.83
108,550 at 7.06%$726.57
108,550 at 7.07%$727.30
108,550 at 7.08%$728.03
108,550 at 7.09%$728.76
108,550 at 7.1%$729.49
108,550 at 7.11%$730.22
108,550 at 7.12%$730.96
108,550 at 7.13%$731.69
108,550 at 7.14%$732.42
108,550 at 7.15%$733.15
108,550 at 7.16%$733.89
108,550 at 7.17%$734.62
108,550 at 7.18%$735.36
108,550 at 7.19%$736.09
108,550 at 7.2%$736.82
108,550 at 7.21%$737.56
108,550 at 7.22%$738.29
108,550 at 7.23%$739.03
108,550 at 7.24%$739.77
108,550 at 7.25%$740.50
108,550 at 7.26%$741.24
108,550 at 7.27%$741.98
108,550 at 7.28%$742.71
108,550 at 7.29%$743.45
108,550 at 7.3%$744.19
108,550 at 7.31%$744.93
108,550 at 7.32%$745.66
108,550 at 7.33%$746.40
108,550 at 7.34%$747.14
108,550 at 7.35%$747.88
108,550 at 7.36%$748.62
108,550 at 7.37%$749.36
108,550 at 7.38%$750.10
108,550 at 7.39%$750.84
108,550 at 7.4%$751.58
108,550 at 7.41%$752.32
108,550 at 7.42%$753.06
108,550 at 7.43%$753.80
108,550 at 7.44%$754.54
108,550 at 7.45%$755.28
108,550 at 7.46%$756.03
108,550 at 7.47%$756.77
108,550 at 7.48%$757.51
108,550 at 7.49%$758.25
108,550 at 7.5%$759.00
108,550 at 7.51%$759.74
108,550 at 7.52%$760.48
108,550 at 7.53%$761.23
108,550 at 7.54%$761.97
108,550 at 7.55%$762.72
108,550 at 7.56%$763.46
108,550 at 7.57%$764.21
108,550 at 7.58%$764.95
108,550 at 7.59%$765.70
108,550 at 7.6%$766.44
108,550 at 7.61%$767.19
108,550 at 7.62%$767.94
108,550 at 7.63%$768.68
108,550 at 7.64%$769.43
108,550 at 7.65%$770.18
108,550 at 7.66%$770.93
108,550 at 7.67%$771.67
108,550 at 7.68%$772.42
108,550 at 7.69%$773.17
108,550 at 7.7%$773.92
108,550 at 7.71%$774.67
108,550 at 7.72%$775.42
108,550 at 7.73%$776.17
108,550 at 7.74%$776.92
108,550 at 7.75%$777.67
108,550 at 7.76%$778.42
108,550 at 7.77%$779.17
108,550 at 7.78%$779.92
108,550 at 7.79%$780.67
108,550 at 7.8%$781.42
108,550 at 7.81%$782.17
108,550 at 7.82%$782.92
108,550 at 7.83%$783.67
108,550 at 7.84%$784.43
108,550 at 7.85%$785.18
108,550 at 7.86%$785.93
108,550 at 7.87%$786.69
108,550 at 7.88%$787.44
108,550 at 7.89%$788.19
108,550 at 7.9%$788.95
108,550 at 7.91%$789.70
108,550 at 7.92%$790.46
108,550 at 7.93%$791.21
108,550 at 7.94%$791.97
108,550 at 7.95%$792.72
108,550 at 7.96%$793.48
108,550 at 7.97%$794.23
108,550 at 7.98%$794.99
108,550 at 7.99%$795.74
108,550 at 8%$796.50
More Amounts
What is the down payment for a $108,550 house? How much do you need to put down?
Percent Down Down Payment
1%1,086
2%2,171
3%3,257
4%4,342
5%5,428
6%6,513
7%7,599
8%8,684
9%9,770
10%10,855
11%11,941
12%13,026
13%14,112
14%15,197
15%16,283
16%17,368
17%18,454
18%19,539
19%20,625
20%21,710
Percent Down Down Payment
21%22,796
22%23,881
23%24,967
24%26,052
25%27,138
26%28,223
27%29,309
28%30,394
29%31,480
30%32,565
31%33,651
32%34,736
33%35,822
34%36,907
35%37,993
36%39,078
37%40,164
38%41,249
39%42,335
40%43,420
Percent Down Down Payment
41%44,506
42%45,591
43%46,677
44%47,762
45%48,848
46%49,933
47%51,019
48%52,104
49%53,190
50%54,275
51%55,361
52%56,446
53%57,532
54%58,617
55%59,703
56%60,788
57%61,874
58%62,959
59%64,045
60%65,130
Percent Down Down Payment
61%66,216
62%67,301
63%68,387
64%69,472
65%70,558
66%71,643
67%72,729
68%73,814
69%74,900
70%75,985
71%77,071
72%78,156
73%79,242
74%80,327
75%81,413
76%82,498
77%83,584
78%84,669
79%85,755
80%86,840
Percent Down Down Payment
81%87,926
82%89,011
83%90,097
84%91,182
85%92,268
86%93,353
87%94,439
88%95,524
89%96,610
90%97,695
91%98,781
92%99,866
93%100,952
94%102,037
95%103,123
96%104,208
97%105,294
98%106,379
99%107,465
100%108,550
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.