$109,600 Mortgage for 30 Years

What is the monthly payment of a 109,600 dollar loan?
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Loan Tables for a $109,600 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 110k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $109,600 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
109,600 at 2.01%$405.65
109,600 at 2.02%$406.20
109,600 at 2.03%$406.75
109,600 at 2.04%$407.30
109,600 at 2.05%$407.85
109,600 at 2.06%$408.40
109,600 at 2.07%$408.95
109,600 at 2.08%$409.50
109,600 at 2.09%$410.05
109,600 at 2.1%$410.61
109,600 at 2.11%$411.16
109,600 at 2.12%$411.71
109,600 at 2.13%$412.26
109,600 at 2.14%$412.82
109,600 at 2.15%$413.37
109,600 at 2.16%$413.93
109,600 at 2.17%$414.48
109,600 at 2.18%$415.04
109,600 at 2.19%$415.60
109,600 at 2.2%$416.15
109,600 at 2.21%$416.71
109,600 at 2.22%$417.27
109,600 at 2.23%$417.82
109,600 at 2.24%$418.38
109,600 at 2.25%$418.94
109,600 at 2.26%$419.50
109,600 at 2.27%$420.06
109,600 at 2.28%$420.62
109,600 at 2.29%$421.18
109,600 at 2.3%$421.74
109,600 at 2.31%$422.30
109,600 at 2.32%$422.87
109,600 at 2.33%$423.43
109,600 at 2.34%$423.99
109,600 at 2.35%$424.55
109,600 at 2.36%$425.12
109,600 at 2.37%$425.68
109,600 at 2.38%$426.25
109,600 at 2.39%$426.81
109,600 at 2.4%$427.38
109,600 at 2.41%$427.94
109,600 at 2.42%$428.51
109,600 at 2.43%$429.07
109,600 at 2.44%$429.64
109,600 at 2.45%$430.21
109,600 at 2.46%$430.78
109,600 at 2.47%$431.34
109,600 at 2.48%$431.91
109,600 at 2.49%$432.48
109,600 at 2.5%$433.05
109,600 at 2.51%$433.62
109,600 at 2.52%$434.19
109,600 at 2.53%$434.76
109,600 at 2.54%$435.34
109,600 at 2.55%$435.91
109,600 at 2.56%$436.48
109,600 at 2.57%$437.05
109,600 at 2.58%$437.62
109,600 at 2.59%$438.20
109,600 at 2.6%$438.77
109,600 at 2.61%$439.35
109,600 at 2.62%$439.92
109,600 at 2.63%$440.50
109,600 at 2.64%$441.07
109,600 at 2.65%$441.65
109,600 at 2.66%$442.22
109,600 at 2.67%$442.80
109,600 at 2.68%$443.38
109,600 at 2.69%$443.96
109,600 at 2.7%$444.53
109,600 at 2.71%$445.11
109,600 at 2.72%$445.69
109,600 at 2.73%$446.27
109,600 at 2.74%$446.85
109,600 at 2.75%$447.43
109,600 at 2.76%$448.01
109,600 at 2.77%$448.59
109,600 at 2.78%$449.18
109,600 at 2.79%$449.76
109,600 at 2.8%$450.34
109,600 at 2.81%$450.92
109,600 at 2.82%$451.51
109,600 at 2.83%$452.09
109,600 at 2.84%$452.67
109,600 at 2.85%$453.26
109,600 at 2.86%$453.84
109,600 at 2.87%$454.43
109,600 at 2.88%$455.02
109,600 at 2.89%$455.60
109,600 at 2.9%$456.19
109,600 at 2.91%$456.78
109,600 at 2.92%$457.36
109,600 at 2.93%$457.95
109,600 at 2.94%$458.54
109,600 at 2.95%$459.13
109,600 at 2.96%$459.72
109,600 at 2.97%$460.31
109,600 at 2.98%$460.90
109,600 at 2.99%$461.49
109,600 at 3%$462.08
109,600 at 3.01%$462.67
109,600 at 3.02%$463.26
109,600 at 3.03%$463.85
109,600 at 3.04%$464.45
109,600 at 3.05%$465.04
109,600 at 3.06%$465.63
109,600 at 3.07%$466.23
109,600 at 3.08%$466.82
109,600 at 3.09%$467.41
109,600 at 3.1%$468.01
109,600 at 3.11%$468.61
109,600 at 3.12%$469.20
109,600 at 3.13%$469.80
109,600 at 3.14%$470.39
109,600 at 3.15%$470.99
109,600 at 3.16%$471.59
109,600 at 3.17%$472.19
109,600 at 3.18%$472.79
109,600 at 3.19%$473.38
109,600 at 3.2%$473.98
109,600 at 3.21%$474.58
109,600 at 3.22%$475.18
109,600 at 3.23%$475.78
109,600 at 3.24%$476.38
109,600 at 3.25%$476.99
109,600 at 3.26%$477.59
109,600 at 3.27%$478.19
109,600 at 3.28%$478.79
109,600 at 3.29%$479.40
109,600 at 3.3%$480.00
109,600 at 3.31%$480.60
109,600 at 3.32%$481.21
109,600 at 3.33%$481.81
109,600 at 3.34%$482.42
109,600 at 3.35%$483.02
109,600 at 3.36%$483.63
109,600 at 3.37%$484.23
109,600 at 3.38%$484.84
109,600 at 3.39%$485.45
109,600 at 3.4%$486.06
109,600 at 3.41%$486.66
109,600 at 3.42%$487.27
109,600 at 3.43%$487.88
109,600 at 3.44%$488.49
109,600 at 3.45%$489.10
109,600 at 3.46%$489.71
109,600 at 3.47%$490.32
109,600 at 3.48%$490.93
109,600 at 3.49%$491.54
109,600 at 3.5%$492.15
Interest Rate 30 Year
109,600 at 3.51%$492.76
109,600 at 3.52%$493.38
109,600 at 3.53%$493.99
109,600 at 3.54%$494.60
109,600 at 3.55%$495.22
109,600 at 3.56%$495.83
109,600 at 3.57%$496.45
109,600 at 3.58%$497.06
109,600 at 3.59%$497.68
109,600 at 3.6%$498.29
109,600 at 3.61%$498.91
109,600 at 3.62%$499.52
109,600 at 3.63%$500.14
109,600 at 3.64%$500.76
109,600 at 3.65%$501.38
109,600 at 3.66%$501.99
109,600 at 3.67%$502.61
109,600 at 3.68%$503.23
109,600 at 3.69%$503.85
109,600 at 3.7%$504.47
109,600 at 3.71%$505.09
109,600 at 3.72%$505.71
109,600 at 3.73%$506.33
109,600 at 3.74%$506.95
109,600 at 3.75%$507.57
109,600 at 3.76%$508.20
109,600 at 3.77%$508.82
109,600 at 3.78%$509.44
109,600 at 3.79%$510.07
109,600 at 3.8%$510.69
109,600 at 3.81%$511.31
109,600 at 3.82%$511.94
109,600 at 3.83%$512.56
109,600 at 3.84%$513.19
109,600 at 3.85%$513.81
109,600 at 3.86%$514.44
109,600 at 3.87%$515.07
109,600 at 3.88%$515.69
109,600 at 3.89%$516.32
109,600 at 3.9%$516.95
109,600 at 3.91%$517.58
109,600 at 3.92%$518.20
109,600 at 3.93%$518.83
109,600 at 3.94%$519.46
109,600 at 3.95%$520.09
109,600 at 3.96%$520.72
109,600 at 3.97%$521.35
109,600 at 3.98%$521.98
109,600 at 3.99%$522.62
109,600 at 4%$523.25
109,600 at 4.01%$523.88
109,600 at 4.02%$524.51
109,600 at 4.03%$525.14
109,600 at 4.04%$525.78
109,600 at 4.05%$526.41
109,600 at 4.06%$527.05
109,600 at 4.07%$527.68
109,600 at 4.08%$528.31
109,600 at 4.09%$528.95
109,600 at 4.1%$529.59
109,600 at 4.11%$530.22
109,600 at 4.12%$530.86
109,600 at 4.13%$531.49
109,600 at 4.14%$532.13
109,600 at 4.15%$532.77
109,600 at 4.16%$533.41
109,600 at 4.17%$534.05
109,600 at 4.18%$534.68
109,600 at 4.19%$535.32
109,600 at 4.2%$535.96
109,600 at 4.21%$536.60
109,600 at 4.22%$537.24
109,600 at 4.23%$537.88
109,600 at 4.24%$538.52
109,600 at 4.25%$539.17
109,600 at 4.26%$539.81
109,600 at 4.27%$540.45
109,600 at 4.28%$541.09
109,600 at 4.29%$541.74
109,600 at 4.3%$542.38
109,600 at 4.31%$543.02
109,600 at 4.32%$543.67
109,600 at 4.33%$544.31
109,600 at 4.34%$544.96
109,600 at 4.35%$545.60
109,600 at 4.36%$546.25
109,600 at 4.37%$546.89
109,600 at 4.38%$547.54
109,600 at 4.39%$548.19
109,600 at 4.4%$548.83
109,600 at 4.41%$549.48
109,600 at 4.42%$550.13
109,600 at 4.43%$550.78
109,600 at 4.44%$551.43
109,600 at 4.45%$552.08
109,600 at 4.46%$552.73
109,600 at 4.47%$553.38
109,600 at 4.48%$554.03
109,600 at 4.49%$554.68
109,600 at 4.5%$555.33
109,600 at 4.51%$555.98
109,600 at 4.52%$556.63
109,600 at 4.53%$557.28
109,600 at 4.54%$557.94
109,600 at 4.55%$558.59
109,600 at 4.56%$559.24
109,600 at 4.57%$559.89
109,600 at 4.58%$560.55
109,600 at 4.59%$561.20
109,600 at 4.6%$561.86
109,600 at 4.61%$562.51
109,600 at 4.62%$563.17
109,600 at 4.63%$563.82
109,600 at 4.64%$564.48
109,600 at 4.65%$565.14
109,600 at 4.66%$565.80
109,600 at 4.67%$566.45
109,600 at 4.68%$567.11
109,600 at 4.69%$567.77
109,600 at 4.7%$568.43
109,600 at 4.71%$569.09
109,600 at 4.72%$569.75
109,600 at 4.73%$570.40
109,600 at 4.74%$571.07
109,600 at 4.75%$571.73
109,600 at 4.76%$572.39
109,600 at 4.77%$573.05
109,600 at 4.78%$573.71
109,600 at 4.79%$574.37
109,600 at 4.8%$575.03
109,600 at 4.81%$575.70
109,600 at 4.82%$576.36
109,600 at 4.83%$577.02
109,600 at 4.84%$577.69
109,600 at 4.85%$578.35
109,600 at 4.86%$579.01
109,600 at 4.87%$579.68
109,600 at 4.88%$580.34
109,600 at 4.89%$581.01
109,600 at 4.9%$581.68
109,600 at 4.91%$582.34
109,600 at 4.92%$583.01
109,600 at 4.93%$583.68
109,600 at 4.94%$584.34
109,600 at 4.95%$585.01
109,600 at 4.96%$585.68
109,600 at 4.97%$586.35
109,600 at 4.98%$587.02
109,600 at 4.99%$587.69
109,600 at 5%$588.36
Interest Rate 30 Year
109,600 at 5.01%$589.03
109,600 at 5.02%$589.70
109,600 at 5.03%$590.37
109,600 at 5.04%$591.04
109,600 at 5.05%$591.71
109,600 at 5.06%$592.38
109,600 at 5.07%$593.05
109,600 at 5.08%$593.73
109,600 at 5.09%$594.40
109,600 at 5.1%$595.07
109,600 at 5.11%$595.75
109,600 at 5.12%$596.42
109,600 at 5.13%$597.09
109,600 at 5.14%$597.77
109,600 at 5.15%$598.44
109,600 at 5.16%$599.12
109,600 at 5.17%$599.80
109,600 at 5.18%$600.47
109,600 at 5.19%$601.15
109,600 at 5.2%$601.83
109,600 at 5.21%$602.50
109,600 at 5.22%$603.18
109,600 at 5.23%$603.86
109,600 at 5.24%$604.54
109,600 at 5.25%$605.22
109,600 at 5.26%$605.89
109,600 at 5.27%$606.57
109,600 at 5.28%$607.25
109,600 at 5.29%$607.93
109,600 at 5.3%$608.61
109,600 at 5.31%$609.29
109,600 at 5.32%$609.98
109,600 at 5.33%$610.66
109,600 at 5.34%$611.34
109,600 at 5.35%$612.02
109,600 at 5.36%$612.70
109,600 at 5.37%$613.39
109,600 at 5.38%$614.07
109,600 at 5.39%$614.75
109,600 at 5.4%$615.44
109,600 at 5.41%$616.12
109,600 at 5.42%$616.81
109,600 at 5.43%$617.49
109,600 at 5.44%$618.18
109,600 at 5.45%$618.86
109,600 at 5.46%$619.55
109,600 at 5.47%$620.24
109,600 at 5.48%$620.92
109,600 at 5.49%$621.61
109,600 at 5.5%$622.30
109,600 at 5.51%$622.98
109,600 at 5.52%$623.67
109,600 at 5.53%$624.36
109,600 at 5.54%$625.05
109,600 at 5.55%$625.74
109,600 at 5.56%$626.43
109,600 at 5.57%$627.12
109,600 at 5.58%$627.81
109,600 at 5.59%$628.50
109,600 at 5.6%$629.19
109,600 at 5.61%$629.88
109,600 at 5.62%$630.57
109,600 at 5.63%$631.27
109,600 at 5.64%$631.96
109,600 at 5.65%$632.65
109,600 at 5.66%$633.34
109,600 at 5.67%$634.04
109,600 at 5.68%$634.73
109,600 at 5.69%$635.42
109,600 at 5.7%$636.12
109,600 at 5.71%$636.81
109,600 at 5.72%$637.51
109,600 at 5.73%$638.20
109,600 at 5.74%$638.90
109,600 at 5.75%$639.60
109,600 at 5.76%$640.29
109,600 at 5.77%$640.99
109,600 at 5.78%$641.69
109,600 at 5.79%$642.38
109,600 at 5.8%$643.08
109,600 at 5.81%$643.78
109,600 at 5.82%$644.48
109,600 at 5.83%$645.18
109,600 at 5.84%$645.88
109,600 at 5.85%$646.58
109,600 at 5.86%$647.28
109,600 at 5.87%$647.98
109,600 at 5.88%$648.68
109,600 at 5.89%$649.38
109,600 at 5.9%$650.08
109,600 at 5.91%$650.78
109,600 at 5.92%$651.48
109,600 at 5.93%$652.18
109,600 at 5.94%$652.89
109,600 at 5.95%$653.59
109,600 at 5.96%$654.29
109,600 at 5.97%$654.99
109,600 at 5.98%$655.70
109,600 at 5.99%$656.40
109,600 at 6%$657.11
109,600 at 6.01%$657.81
109,600 at 6.02%$658.52
109,600 at 6.03%$659.22
109,600 at 6.04%$659.93
109,600 at 6.05%$660.63
109,600 at 6.06%$661.34
109,600 at 6.07%$662.05
109,600 at 6.08%$662.76
109,600 at 6.09%$663.46
109,600 at 6.1%$664.17
109,600 at 6.11%$664.88
109,600 at 6.12%$665.59
109,600 at 6.13%$666.30
109,600 at 6.14%$667.00
109,600 at 6.15%$667.71
109,600 at 6.16%$668.42
109,600 at 6.17%$669.13
109,600 at 6.18%$669.84
109,600 at 6.19%$670.55
109,600 at 6.2%$671.27
109,600 at 6.21%$671.98
109,600 at 6.22%$672.69
109,600 at 6.23%$673.40
109,600 at 6.24%$674.11
109,600 at 6.25%$674.83
109,600 at 6.26%$675.54
109,600 at 6.27%$676.25
109,600 at 6.28%$676.97
109,600 at 6.29%$677.68
109,600 at 6.3%$678.39
109,600 at 6.31%$679.11
109,600 at 6.32%$679.82
109,600 at 6.33%$680.54
109,600 at 6.34%$681.25
109,600 at 6.35%$681.97
109,600 at 6.36%$682.69
109,600 at 6.37%$683.40
109,600 at 6.38%$684.12
109,600 at 6.39%$684.84
109,600 at 6.4%$685.55
109,600 at 6.41%$686.27
109,600 at 6.42%$686.99
109,600 at 6.43%$687.71
109,600 at 6.44%$688.43
109,600 at 6.45%$689.15
109,600 at 6.46%$689.87
109,600 at 6.47%$690.59
109,600 at 6.48%$691.31
109,600 at 6.49%$692.03
109,600 at 6.5%$692.75
Interest Rate 30 Year
109,600 at 6.51%$693.47
109,600 at 6.52%$694.19
109,600 at 6.53%$694.91
109,600 at 6.54%$695.63
109,600 at 6.55%$696.35
109,600 at 6.56%$697.08
109,600 at 6.57%$697.80
109,600 at 6.58%$698.52
109,600 at 6.59%$699.25
109,600 at 6.6%$699.97
109,600 at 6.61%$700.69
109,600 at 6.62%$701.42
109,600 at 6.63%$702.14
109,600 at 6.64%$702.87
109,600 at 6.65%$703.59
109,600 at 6.66%$704.32
109,600 at 6.67%$705.05
109,600 at 6.68%$705.77
109,600 at 6.69%$706.50
109,600 at 6.7%$707.22
109,600 at 6.71%$707.95
109,600 at 6.72%$708.68
109,600 at 6.73%$709.41
109,600 at 6.74%$710.14
109,600 at 6.75%$710.86
109,600 at 6.76%$711.59
109,600 at 6.77%$712.32
109,600 at 6.78%$713.05
109,600 at 6.79%$713.78
109,600 at 6.8%$714.51
109,600 at 6.81%$715.24
109,600 at 6.82%$715.97
109,600 at 6.83%$716.70
109,600 at 6.84%$717.43
109,600 at 6.85%$718.16
109,600 at 6.86%$718.90
109,600 at 6.87%$719.63
109,600 at 6.88%$720.36
109,600 at 6.89%$721.09
109,600 at 6.9%$721.83
109,600 at 6.91%$722.56
109,600 at 6.92%$723.29
109,600 at 6.93%$724.03
109,600 at 6.94%$724.76
109,600 at 6.95%$725.49
109,600 at 6.96%$726.23
109,600 at 6.97%$726.96
109,600 at 6.98%$727.70
109,600 at 6.99%$728.44
109,600 at 7%$729.17
109,600 at 7.01%$729.91
109,600 at 7.02%$730.64
109,600 at 7.03%$731.38
109,600 at 7.04%$732.12
109,600 at 7.05%$732.86
109,600 at 7.06%$733.59
109,600 at 7.07%$734.33
109,600 at 7.08%$735.07
109,600 at 7.09%$735.81
109,600 at 7.1%$736.55
109,600 at 7.11%$737.29
109,600 at 7.12%$738.03
109,600 at 7.13%$738.77
109,600 at 7.14%$739.51
109,600 at 7.15%$740.25
109,600 at 7.16%$740.99
109,600 at 7.17%$741.73
109,600 at 7.18%$742.47
109,600 at 7.19%$743.21
109,600 at 7.2%$743.95
109,600 at 7.21%$744.69
109,600 at 7.22%$745.44
109,600 at 7.23%$746.18
109,600 at 7.24%$746.92
109,600 at 7.25%$747.67
109,600 at 7.26%$748.41
109,600 at 7.27%$749.15
109,600 at 7.28%$749.90
109,600 at 7.29%$750.64
109,600 at 7.3%$751.39
109,600 at 7.31%$752.13
109,600 at 7.32%$752.88
109,600 at 7.33%$753.62
109,600 at 7.34%$754.37
109,600 at 7.35%$755.11
109,600 at 7.36%$755.86
109,600 at 7.37%$756.61
109,600 at 7.38%$757.35
109,600 at 7.39%$758.10
109,600 at 7.4%$758.85
109,600 at 7.41%$759.60
109,600 at 7.42%$760.34
109,600 at 7.43%$761.09
109,600 at 7.44%$761.84
109,600 at 7.45%$762.59
109,600 at 7.46%$763.34
109,600 at 7.47%$764.09
109,600 at 7.48%$764.84
109,600 at 7.49%$765.59
109,600 at 7.5%$766.34
109,600 at 7.51%$767.09
109,600 at 7.52%$767.84
109,600 at 7.53%$768.59
109,600 at 7.54%$769.34
109,600 at 7.55%$770.10
109,600 at 7.56%$770.85
109,600 at 7.57%$771.60
109,600 at 7.58%$772.35
109,600 at 7.59%$773.10
109,600 at 7.6%$773.86
109,600 at 7.61%$774.61
109,600 at 7.62%$775.37
109,600 at 7.63%$776.12
109,600 at 7.64%$776.87
109,600 at 7.65%$777.63
109,600 at 7.66%$778.38
109,600 at 7.67%$779.14
109,600 at 7.68%$779.89
109,600 at 7.69%$780.65
109,600 at 7.7%$781.40
109,600 at 7.71%$782.16
109,600 at 7.72%$782.92
109,600 at 7.73%$783.67
109,600 at 7.74%$784.43
109,600 at 7.75%$785.19
109,600 at 7.76%$785.95
109,600 at 7.77%$786.70
109,600 at 7.78%$787.46
109,600 at 7.79%$788.22
109,600 at 7.8%$788.98
109,600 at 7.81%$789.74
109,600 at 7.82%$790.50
109,600 at 7.83%$791.26
109,600 at 7.84%$792.02
109,600 at 7.85%$792.78
109,600 at 7.86%$793.54
109,600 at 7.87%$794.30
109,600 at 7.88%$795.06
109,600 at 7.89%$795.82
109,600 at 7.9%$796.58
109,600 at 7.91%$797.34
109,600 at 7.92%$798.10
109,600 at 7.93%$798.86
109,600 at 7.94%$799.63
109,600 at 7.95%$800.39
109,600 at 7.96%$801.15
109,600 at 7.97%$801.92
109,600 at 7.98%$802.68
109,600 at 7.99%$803.44
109,600 at 8%$804.21
More Amounts
What is the down payment for a $109,600 house? How much do you need to put down?
Percent Down Down Payment
1%1,096
2%2,192
3%3,288
4%4,384
5%5,480
6%6,576
7%7,672
8%8,768
9%9,864
10%10,960
11%12,056
12%13,152
13%14,248
14%15,344
15%16,440
16%17,536
17%18,632
18%19,728
19%20,824
20%21,920
Percent Down Down Payment
21%23,016
22%24,112
23%25,208
24%26,304
25%27,400
26%28,496
27%29,592
28%30,688
29%31,784
30%32,880
31%33,976
32%35,072
33%36,168
34%37,264
35%38,360
36%39,456
37%40,552
38%41,648
39%42,744
40%43,840
Percent Down Down Payment
41%44,936
42%46,032
43%47,128
44%48,224
45%49,320
46%50,416
47%51,512
48%52,608
49%53,704
50%54,800
51%55,896
52%56,992
53%58,088
54%59,184
55%60,280
56%61,376
57%62,472
58%63,568
59%64,664
60%65,760
Percent Down Down Payment
61%66,856
62%67,952
63%69,048
64%70,144
65%71,240
66%72,336
67%73,432
68%74,528
69%75,624
70%76,720
71%77,816
72%78,912
73%80,008
74%81,104
75%82,200
76%83,296
77%84,392
78%85,488
79%86,584
80%87,680
Percent Down Down Payment
81%88,776
82%89,872
83%90,968
84%92,064
85%93,160
86%94,256
87%95,352
88%96,448
89%97,544
90%98,640
91%99,736
92%100,832
93%101,928
94%103,024
95%104,120
96%105,216
97%106,312
98%107,408
99%108,504
100%109,600
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.