$109,400 Mortgage for 30 Years

What is the monthly payment of a 109,400 dollar loan?
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Loan Tables for a $109,400 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 $109,400 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
109,400 at 2.01%$404.91
109,400 at 2.02%$405.46
109,400 at 2.03%$406.01
109,400 at 2.04%$406.56
109,400 at 2.05%$407.10
109,400 at 2.06%$407.65
109,400 at 2.07%$408.20
109,400 at 2.08%$408.75
109,400 at 2.09%$409.31
109,400 at 2.1%$409.86
109,400 at 2.11%$410.41
109,400 at 2.12%$410.96
109,400 at 2.13%$411.51
109,400 at 2.14%$412.07
109,400 at 2.15%$412.62
109,400 at 2.16%$413.17
109,400 at 2.17%$413.73
109,400 at 2.18%$414.28
109,400 at 2.19%$414.84
109,400 at 2.2%$415.39
109,400 at 2.21%$415.95
109,400 at 2.22%$416.51
109,400 at 2.23%$417.06
109,400 at 2.24%$417.62
109,400 at 2.25%$418.18
109,400 at 2.26%$418.74
109,400 at 2.27%$419.29
109,400 at 2.28%$419.85
109,400 at 2.29%$420.41
109,400 at 2.3%$420.97
109,400 at 2.31%$421.53
109,400 at 2.32%$422.09
109,400 at 2.33%$422.66
109,400 at 2.34%$423.22
109,400 at 2.35%$423.78
109,400 at 2.36%$424.34
109,400 at 2.37%$424.90
109,400 at 2.38%$425.47
109,400 at 2.39%$426.03
109,400 at 2.4%$426.60
109,400 at 2.41%$427.16
109,400 at 2.42%$427.73
109,400 at 2.43%$428.29
109,400 at 2.44%$428.86
109,400 at 2.45%$429.42
109,400 at 2.46%$429.99
109,400 at 2.47%$430.56
109,400 at 2.48%$431.13
109,400 at 2.49%$431.69
109,400 at 2.5%$432.26
109,400 at 2.51%$432.83
109,400 at 2.52%$433.40
109,400 at 2.53%$433.97
109,400 at 2.54%$434.54
109,400 at 2.55%$435.11
109,400 at 2.56%$435.68
109,400 at 2.57%$436.25
109,400 at 2.58%$436.83
109,400 at 2.59%$437.40
109,400 at 2.6%$437.97
109,400 at 2.61%$438.54
109,400 at 2.62%$439.12
109,400 at 2.63%$439.69
109,400 at 2.64%$440.27
109,400 at 2.65%$440.84
109,400 at 2.66%$441.42
109,400 at 2.67%$441.99
109,400 at 2.68%$442.57
109,400 at 2.69%$443.15
109,400 at 2.7%$443.72
109,400 at 2.71%$444.30
109,400 at 2.72%$444.88
109,400 at 2.73%$445.46
109,400 at 2.74%$446.04
109,400 at 2.75%$446.62
109,400 at 2.76%$447.20
109,400 at 2.77%$447.78
109,400 at 2.78%$448.36
109,400 at 2.79%$448.94
109,400 at 2.8%$449.52
109,400 at 2.81%$450.10
109,400 at 2.82%$450.68
109,400 at 2.83%$451.27
109,400 at 2.84%$451.85
109,400 at 2.85%$452.43
109,400 at 2.86%$453.02
109,400 at 2.87%$453.60
109,400 at 2.88%$454.18
109,400 at 2.89%$454.77
109,400 at 2.9%$455.36
109,400 at 2.91%$455.94
109,400 at 2.92%$456.53
109,400 at 2.93%$457.11
109,400 at 2.94%$457.70
109,400 at 2.95%$458.29
109,400 at 2.96%$458.88
109,400 at 2.97%$459.47
109,400 at 2.98%$460.06
109,400 at 2.99%$460.65
109,400 at 3%$461.23
109,400 at 3.01%$461.83
109,400 at 3.02%$462.42
109,400 at 3.03%$463.01
109,400 at 3.04%$463.60
109,400 at 3.05%$464.19
109,400 at 3.06%$464.78
109,400 at 3.07%$465.38
109,400 at 3.08%$465.97
109,400 at 3.09%$466.56
109,400 at 3.1%$467.16
109,400 at 3.11%$467.75
109,400 at 3.12%$468.35
109,400 at 3.13%$468.94
109,400 at 3.14%$469.54
109,400 at 3.15%$470.13
109,400 at 3.16%$470.73
109,400 at 3.17%$471.33
109,400 at 3.18%$471.92
109,400 at 3.19%$472.52
109,400 at 3.2%$473.12
109,400 at 3.21%$473.72
109,400 at 3.22%$474.32
109,400 at 3.23%$474.92
109,400 at 3.24%$475.52
109,400 at 3.25%$476.12
109,400 at 3.26%$476.72
109,400 at 3.27%$477.32
109,400 at 3.28%$477.92
109,400 at 3.29%$478.52
109,400 at 3.3%$479.12
109,400 at 3.31%$479.73
109,400 at 3.32%$480.33
109,400 at 3.33%$480.93
109,400 at 3.34%$481.54
109,400 at 3.35%$482.14
109,400 at 3.36%$482.75
109,400 at 3.37%$483.35
109,400 at 3.38%$483.96
109,400 at 3.39%$484.56
109,400 at 3.4%$485.17
109,400 at 3.41%$485.78
109,400 at 3.42%$486.38
109,400 at 3.43%$486.99
109,400 at 3.44%$487.60
109,400 at 3.45%$488.21
109,400 at 3.46%$488.82
109,400 at 3.47%$489.42
109,400 at 3.48%$490.03
109,400 at 3.49%$490.64
109,400 at 3.5%$491.25
Interest Rate 30 Year
109,400 at 3.51%$491.87
109,400 at 3.52%$492.48
109,400 at 3.53%$493.09
109,400 at 3.54%$493.70
109,400 at 3.55%$494.31
109,400 at 3.56%$494.93
109,400 at 3.57%$495.54
109,400 at 3.58%$496.15
109,400 at 3.59%$496.77
109,400 at 3.6%$497.38
109,400 at 3.61%$498.00
109,400 at 3.62%$498.61
109,400 at 3.63%$499.23
109,400 at 3.64%$499.84
109,400 at 3.65%$500.46
109,400 at 3.66%$501.08
109,400 at 3.67%$501.70
109,400 at 3.68%$502.31
109,400 at 3.69%$502.93
109,400 at 3.7%$503.55
109,400 at 3.71%$504.17
109,400 at 3.72%$504.79
109,400 at 3.73%$505.41
109,400 at 3.74%$506.03
109,400 at 3.75%$506.65
109,400 at 3.76%$507.27
109,400 at 3.77%$507.89
109,400 at 3.78%$508.51
109,400 at 3.79%$509.13
109,400 at 3.8%$509.76
109,400 at 3.81%$510.38
109,400 at 3.82%$511.00
109,400 at 3.83%$511.63
109,400 at 3.84%$512.25
109,400 at 3.85%$512.88
109,400 at 3.86%$513.50
109,400 at 3.87%$514.13
109,400 at 3.88%$514.75
109,400 at 3.89%$515.38
109,400 at 3.9%$516.01
109,400 at 3.91%$516.63
109,400 at 3.92%$517.26
109,400 at 3.93%$517.89
109,400 at 3.94%$518.52
109,400 at 3.95%$519.14
109,400 at 3.96%$519.77
109,400 at 3.97%$520.40
109,400 at 3.98%$521.03
109,400 at 3.99%$521.66
109,400 at 4%$522.29
109,400 at 4.01%$522.92
109,400 at 4.02%$523.55
109,400 at 4.03%$524.19
109,400 at 4.04%$524.82
109,400 at 4.05%$525.45
109,400 at 4.06%$526.08
109,400 at 4.07%$526.72
109,400 at 4.08%$527.35
109,400 at 4.09%$527.98
109,400 at 4.1%$528.62
109,400 at 4.11%$529.25
109,400 at 4.12%$529.89
109,400 at 4.13%$530.52
109,400 at 4.14%$531.16
109,400 at 4.15%$531.80
109,400 at 4.16%$532.43
109,400 at 4.17%$533.07
109,400 at 4.18%$533.71
109,400 at 4.19%$534.35
109,400 at 4.2%$534.98
109,400 at 4.21%$535.62
109,400 at 4.22%$536.26
109,400 at 4.23%$536.90
109,400 at 4.24%$537.54
109,400 at 4.25%$538.18
109,400 at 4.26%$538.82
109,400 at 4.27%$539.46
109,400 at 4.28%$540.11
109,400 at 4.29%$540.75
109,400 at 4.3%$541.39
109,400 at 4.31%$542.03
109,400 at 4.32%$542.67
109,400 at 4.33%$543.32
109,400 at 4.34%$543.96
109,400 at 4.35%$544.61
109,400 at 4.36%$545.25
109,400 at 4.37%$545.90
109,400 at 4.38%$546.54
109,400 at 4.39%$547.19
109,400 at 4.4%$547.83
109,400 at 4.41%$548.48
109,400 at 4.42%$549.13
109,400 at 4.43%$549.77
109,400 at 4.44%$550.42
109,400 at 4.45%$551.07
109,400 at 4.46%$551.72
109,400 at 4.47%$552.37
109,400 at 4.48%$553.01
109,400 at 4.49%$553.66
109,400 at 4.5%$554.31
109,400 at 4.51%$554.96
109,400 at 4.52%$555.61
109,400 at 4.53%$556.27
109,400 at 4.54%$556.92
109,400 at 4.55%$557.57
109,400 at 4.56%$558.22
109,400 at 4.57%$558.87
109,400 at 4.58%$559.53
109,400 at 4.59%$560.18
109,400 at 4.6%$560.83
109,400 at 4.61%$561.49
109,400 at 4.62%$562.14
109,400 at 4.63%$562.80
109,400 at 4.64%$563.45
109,400 at 4.65%$564.11
109,400 at 4.66%$564.76
109,400 at 4.67%$565.42
109,400 at 4.68%$566.08
109,400 at 4.69%$566.73
109,400 at 4.7%$567.39
109,400 at 4.71%$568.05
109,400 at 4.72%$568.71
109,400 at 4.73%$569.36
109,400 at 4.74%$570.02
109,400 at 4.75%$570.68
109,400 at 4.76%$571.34
109,400 at 4.77%$572.00
109,400 at 4.78%$572.66
109,400 at 4.79%$573.32
109,400 at 4.8%$573.98
109,400 at 4.81%$574.65
109,400 at 4.82%$575.31
109,400 at 4.83%$575.97
109,400 at 4.84%$576.63
109,400 at 4.85%$577.29
109,400 at 4.86%$577.96
109,400 at 4.87%$578.62
109,400 at 4.88%$579.29
109,400 at 4.89%$579.95
109,400 at 4.9%$580.62
109,400 at 4.91%$581.28
109,400 at 4.92%$581.95
109,400 at 4.93%$582.61
109,400 at 4.94%$583.28
109,400 at 4.95%$583.94
109,400 at 4.96%$584.61
109,400 at 4.97%$585.28
109,400 at 4.98%$585.95
109,400 at 4.99%$586.61
109,400 at 5%$587.28
Interest Rate 30 Year
109,400 at 5.01%$587.95
109,400 at 5.02%$588.62
109,400 at 5.03%$589.29
109,400 at 5.04%$589.96
109,400 at 5.05%$590.63
109,400 at 5.06%$591.30
109,400 at 5.07%$591.97
109,400 at 5.08%$592.64
109,400 at 5.09%$593.32
109,400 at 5.1%$593.99
109,400 at 5.11%$594.66
109,400 at 5.12%$595.33
109,400 at 5.13%$596.01
109,400 at 5.14%$596.68
109,400 at 5.15%$597.35
109,400 at 5.16%$598.03
109,400 at 5.17%$598.70
109,400 at 5.18%$599.38
109,400 at 5.19%$600.05
109,400 at 5.2%$600.73
109,400 at 5.21%$601.40
109,400 at 5.22%$602.08
109,400 at 5.23%$602.76
109,400 at 5.24%$603.43
109,400 at 5.25%$604.11
109,400 at 5.26%$604.79
109,400 at 5.27%$605.47
109,400 at 5.28%$606.15
109,400 at 5.29%$606.82
109,400 at 5.3%$607.50
109,400 at 5.31%$608.18
109,400 at 5.32%$608.86
109,400 at 5.33%$609.54
109,400 at 5.34%$610.22
109,400 at 5.35%$610.90
109,400 at 5.36%$611.59
109,400 at 5.37%$612.27
109,400 at 5.38%$612.95
109,400 at 5.39%$613.63
109,400 at 5.4%$614.31
109,400 at 5.41%$615.00
109,400 at 5.42%$615.68
109,400 at 5.43%$616.36
109,400 at 5.44%$617.05
109,400 at 5.45%$617.73
109,400 at 5.46%$618.42
109,400 at 5.47%$619.10
109,400 at 5.48%$619.79
109,400 at 5.49%$620.47
109,400 at 5.5%$621.16
109,400 at 5.51%$621.85
109,400 at 5.52%$622.53
109,400 at 5.53%$623.22
109,400 at 5.54%$623.91
109,400 at 5.55%$624.60
109,400 at 5.56%$625.29
109,400 at 5.57%$625.97
109,400 at 5.58%$626.66
109,400 at 5.59%$627.35
109,400 at 5.6%$628.04
109,400 at 5.61%$628.73
109,400 at 5.62%$629.42
109,400 at 5.63%$630.11
109,400 at 5.64%$630.80
109,400 at 5.65%$631.50
109,400 at 5.66%$632.19
109,400 at 5.67%$632.88
109,400 at 5.68%$633.57
109,400 at 5.69%$634.26
109,400 at 5.7%$634.96
109,400 at 5.71%$635.65
109,400 at 5.72%$636.35
109,400 at 5.73%$637.04
109,400 at 5.74%$637.73
109,400 at 5.75%$638.43
109,400 at 5.76%$639.12
109,400 at 5.77%$639.82
109,400 at 5.78%$640.52
109,400 at 5.79%$641.21
109,400 at 5.8%$641.91
109,400 at 5.81%$642.60
109,400 at 5.82%$643.30
109,400 at 5.83%$644.00
109,400 at 5.84%$644.70
109,400 at 5.85%$645.40
109,400 at 5.86%$646.09
109,400 at 5.87%$646.79
109,400 at 5.88%$647.49
109,400 at 5.89%$648.19
109,400 at 5.9%$648.89
109,400 at 5.91%$649.59
109,400 at 5.92%$650.29
109,400 at 5.93%$650.99
109,400 at 5.94%$651.69
109,400 at 5.95%$652.40
109,400 at 5.96%$653.10
109,400 at 5.97%$653.80
109,400 at 5.98%$654.50
109,400 at 5.99%$655.21
109,400 at 6%$655.91
109,400 at 6.01%$656.61
109,400 at 6.02%$657.32
109,400 at 6.03%$658.02
109,400 at 6.04%$658.72
109,400 at 6.05%$659.43
109,400 at 6.06%$660.13
109,400 at 6.07%$660.84
109,400 at 6.08%$661.55
109,400 at 6.09%$662.25
109,400 at 6.1%$662.96
109,400 at 6.11%$663.67
109,400 at 6.12%$664.37
109,400 at 6.13%$665.08
109,400 at 6.14%$665.79
109,400 at 6.15%$666.50
109,400 at 6.16%$667.20
109,400 at 6.17%$667.91
109,400 at 6.18%$668.62
109,400 at 6.19%$669.33
109,400 at 6.2%$670.04
109,400 at 6.21%$670.75
109,400 at 6.22%$671.46
109,400 at 6.23%$672.17
109,400 at 6.24%$672.88
109,400 at 6.25%$673.59
109,400 at 6.26%$674.31
109,400 at 6.27%$675.02
109,400 at 6.28%$675.73
109,400 at 6.29%$676.44
109,400 at 6.3%$677.16
109,400 at 6.31%$677.87
109,400 at 6.32%$678.58
109,400 at 6.33%$679.30
109,400 at 6.34%$680.01
109,400 at 6.35%$680.73
109,400 at 6.36%$681.44
109,400 at 6.37%$682.16
109,400 at 6.38%$682.87
109,400 at 6.39%$683.59
109,400 at 6.4%$684.30
109,400 at 6.41%$685.02
109,400 at 6.42%$685.74
109,400 at 6.43%$686.45
109,400 at 6.44%$687.17
109,400 at 6.45%$687.89
109,400 at 6.46%$688.61
109,400 at 6.47%$689.33
109,400 at 6.48%$690.04
109,400 at 6.49%$690.76
109,400 at 6.5%$691.48
Interest Rate 30 Year
109,400 at 6.51%$692.20
109,400 at 6.52%$692.92
109,400 at 6.53%$693.64
109,400 at 6.54%$694.36
109,400 at 6.55%$695.08
109,400 at 6.56%$695.80
109,400 at 6.57%$696.53
109,400 at 6.58%$697.25
109,400 at 6.59%$697.97
109,400 at 6.6%$698.69
109,400 at 6.61%$699.42
109,400 at 6.62%$700.14
109,400 at 6.63%$700.86
109,400 at 6.64%$701.59
109,400 at 6.65%$702.31
109,400 at 6.66%$703.03
109,400 at 6.67%$703.76
109,400 at 6.68%$704.48
109,400 at 6.69%$705.21
109,400 at 6.7%$705.93
109,400 at 6.71%$706.66
109,400 at 6.72%$707.39
109,400 at 6.73%$708.11
109,400 at 6.74%$708.84
109,400 at 6.75%$709.57
109,400 at 6.76%$710.29
109,400 at 6.77%$711.02
109,400 at 6.78%$711.75
109,400 at 6.79%$712.48
109,400 at 6.8%$713.21
109,400 at 6.81%$713.94
109,400 at 6.82%$714.66
109,400 at 6.83%$715.39
109,400 at 6.84%$716.12
109,400 at 6.85%$716.85
109,400 at 6.86%$717.58
109,400 at 6.87%$718.31
109,400 at 6.88%$719.05
109,400 at 6.89%$719.78
109,400 at 6.9%$720.51
109,400 at 6.91%$721.24
109,400 at 6.92%$721.97
109,400 at 6.93%$722.71
109,400 at 6.94%$723.44
109,400 at 6.95%$724.17
109,400 at 6.96%$724.90
109,400 at 6.97%$725.64
109,400 at 6.98%$726.37
109,400 at 6.99%$727.11
109,400 at 7%$727.84
109,400 at 7.01%$728.58
109,400 at 7.02%$729.31
109,400 at 7.03%$730.05
109,400 at 7.04%$730.78
109,400 at 7.05%$731.52
109,400 at 7.06%$732.25
109,400 at 7.07%$732.99
109,400 at 7.08%$733.73
109,400 at 7.09%$734.47
109,400 at 7.1%$735.20
109,400 at 7.11%$735.94
109,400 at 7.12%$736.68
109,400 at 7.13%$737.42
109,400 at 7.14%$738.16
109,400 at 7.15%$738.89
109,400 at 7.16%$739.63
109,400 at 7.17%$740.37
109,400 at 7.18%$741.11
109,400 at 7.19%$741.85
109,400 at 7.2%$742.59
109,400 at 7.21%$743.34
109,400 at 7.22%$744.08
109,400 at 7.23%$744.82
109,400 at 7.24%$745.56
109,400 at 7.25%$746.30
109,400 at 7.26%$747.04
109,400 at 7.27%$747.79
109,400 at 7.28%$748.53
109,400 at 7.29%$749.27
109,400 at 7.3%$750.01
109,400 at 7.31%$750.76
109,400 at 7.32%$751.50
109,400 at 7.33%$752.25
109,400 at 7.34%$752.99
109,400 at 7.35%$753.74
109,400 at 7.36%$754.48
109,400 at 7.37%$755.23
109,400 at 7.38%$755.97
109,400 at 7.39%$756.72
109,400 at 7.4%$757.46
109,400 at 7.41%$758.21
109,400 at 7.42%$758.96
109,400 at 7.43%$759.70
109,400 at 7.44%$760.45
109,400 at 7.45%$761.20
109,400 at 7.46%$761.95
109,400 at 7.47%$762.69
109,400 at 7.48%$763.44
109,400 at 7.49%$764.19
109,400 at 7.5%$764.94
109,400 at 7.51%$765.69
109,400 at 7.52%$766.44
109,400 at 7.53%$767.19
109,400 at 7.54%$767.94
109,400 at 7.55%$768.69
109,400 at 7.56%$769.44
109,400 at 7.57%$770.19
109,400 at 7.58%$770.94
109,400 at 7.59%$771.69
109,400 at 7.6%$772.45
109,400 at 7.61%$773.20
109,400 at 7.62%$773.95
109,400 at 7.63%$774.70
109,400 at 7.64%$775.46
109,400 at 7.65%$776.21
109,400 at 7.66%$776.96
109,400 at 7.67%$777.72
109,400 at 7.68%$778.47
109,400 at 7.69%$779.22
109,400 at 7.7%$779.98
109,400 at 7.71%$780.73
109,400 at 7.72%$781.49
109,400 at 7.73%$782.24
109,400 at 7.74%$783.00
109,400 at 7.75%$783.75
109,400 at 7.76%$784.51
109,400 at 7.77%$785.27
109,400 at 7.78%$786.02
109,400 at 7.79%$786.78
109,400 at 7.8%$787.54
109,400 at 7.81%$788.30
109,400 at 7.82%$789.05
109,400 at 7.83%$789.81
109,400 at 7.84%$790.57
109,400 at 7.85%$791.33
109,400 at 7.86%$792.09
109,400 at 7.87%$792.85
109,400 at 7.88%$793.61
109,400 at 7.89%$794.37
109,400 at 7.9%$795.13
109,400 at 7.91%$795.89
109,400 at 7.92%$796.65
109,400 at 7.93%$797.41
109,400 at 7.94%$798.17
109,400 at 7.95%$798.93
109,400 at 7.96%$799.69
109,400 at 7.97%$800.45
109,400 at 7.98%$801.21
109,400 at 7.99%$801.98
109,400 at 8%$802.74
More Amounts
What is the down payment for a $109,400 house? How much do you need to put down?
Percent Down Down Payment
1%1,094
2%2,188
3%3,282
4%4,376
5%5,470
6%6,564
7%7,658
8%8,752
9%9,846
10%10,940
11%12,034
12%13,128
13%14,222
14%15,316
15%16,410
16%17,504
17%18,598
18%19,692
19%20,786
20%21,880
Percent Down Down Payment
21%22,974
22%24,068
23%25,162
24%26,256
25%27,350
26%28,444
27%29,538
28%30,632
29%31,726
30%32,820
31%33,914
32%35,008
33%36,102
34%37,196
35%38,290
36%39,384
37%40,478
38%41,572
39%42,666
40%43,760
Percent Down Down Payment
41%44,854
42%45,948
43%47,042
44%48,136
45%49,230
46%50,324
47%51,418
48%52,512
49%53,606
50%54,700
51%55,794
52%56,888
53%57,982
54%59,076
55%60,170
56%61,264
57%62,358
58%63,452
59%64,546
60%65,640
Percent Down Down Payment
61%66,734
62%67,828
63%68,922
64%70,016
65%71,110
66%72,204
67%73,298
68%74,392
69%75,486
70%76,580
71%77,674
72%78,768
73%79,862
74%80,956
75%82,050
76%83,144
77%84,238
78%85,332
79%86,426
80%87,520
Percent Down Down Payment
81%88,614
82%89,708
83%90,802
84%91,896
85%92,990
86%94,084
87%95,178
88%96,272
89%97,366
90%98,460
91%99,554
92%100,648
93%101,742
94%102,836
95%103,930
96%105,024
97%106,118
98%107,212
99%108,306
100%109,400
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.