$114,050 Mortgage for 30 Years

What is the monthly payment of a 114,050 dollar loan?
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Loan Tables for a $114,050 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 114k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $114,050 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
114,050 at 2.01%$422.12
114,050 at 2.02%$422.69
114,050 at 2.03%$423.26
114,050 at 2.04%$423.84
114,050 at 2.05%$424.41
114,050 at 2.06%$424.98
114,050 at 2.07%$425.55
114,050 at 2.08%$426.13
114,050 at 2.09%$426.70
114,050 at 2.1%$427.28
114,050 at 2.11%$427.85
114,050 at 2.12%$428.43
114,050 at 2.13%$429.00
114,050 at 2.14%$429.58
114,050 at 2.15%$430.16
114,050 at 2.16%$430.73
114,050 at 2.17%$431.31
114,050 at 2.18%$431.89
114,050 at 2.19%$432.47
114,050 at 2.2%$433.05
114,050 at 2.21%$433.63
114,050 at 2.22%$434.21
114,050 at 2.23%$434.79
114,050 at 2.24%$435.37
114,050 at 2.25%$435.95
114,050 at 2.26%$436.53
114,050 at 2.27%$437.12
114,050 at 2.28%$437.70
114,050 at 2.29%$438.28
114,050 at 2.3%$438.87
114,050 at 2.31%$439.45
114,050 at 2.32%$440.03
114,050 at 2.33%$440.62
114,050 at 2.34%$441.21
114,050 at 2.35%$441.79
114,050 at 2.36%$442.38
114,050 at 2.37%$442.96
114,050 at 2.38%$443.55
114,050 at 2.39%$444.14
114,050 at 2.4%$444.73
114,050 at 2.41%$445.32
114,050 at 2.42%$445.91
114,050 at 2.43%$446.50
114,050 at 2.44%$447.09
114,050 at 2.45%$447.68
114,050 at 2.46%$448.27
114,050 at 2.47%$448.86
114,050 at 2.48%$449.45
114,050 at 2.49%$450.04
114,050 at 2.5%$450.64
114,050 at 2.51%$451.23
114,050 at 2.52%$451.82
114,050 at 2.53%$452.42
114,050 at 2.54%$453.01
114,050 at 2.55%$453.61
114,050 at 2.56%$454.20
114,050 at 2.57%$454.80
114,050 at 2.58%$455.39
114,050 at 2.59%$455.99
114,050 at 2.6%$456.59
114,050 at 2.61%$457.19
114,050 at 2.62%$457.78
114,050 at 2.63%$458.38
114,050 at 2.64%$458.98
114,050 at 2.65%$459.58
114,050 at 2.66%$460.18
114,050 at 2.67%$460.78
114,050 at 2.68%$461.38
114,050 at 2.69%$461.98
114,050 at 2.7%$462.58
114,050 at 2.71%$463.19
114,050 at 2.72%$463.79
114,050 at 2.73%$464.39
114,050 at 2.74%$465.00
114,050 at 2.75%$465.60
114,050 at 2.76%$466.20
114,050 at 2.77%$466.81
114,050 at 2.78%$467.41
114,050 at 2.79%$468.02
114,050 at 2.8%$468.63
114,050 at 2.81%$469.23
114,050 at 2.82%$469.84
114,050 at 2.83%$470.45
114,050 at 2.84%$471.05
114,050 at 2.85%$471.66
114,050 at 2.86%$472.27
114,050 at 2.87%$472.88
114,050 at 2.88%$473.49
114,050 at 2.89%$474.10
114,050 at 2.9%$474.71
114,050 at 2.91%$475.32
114,050 at 2.92%$475.93
114,050 at 2.93%$476.54
114,050 at 2.94%$477.16
114,050 at 2.95%$477.77
114,050 at 2.96%$478.38
114,050 at 2.97%$479.00
114,050 at 2.98%$479.61
114,050 at 2.99%$480.22
114,050 at 3%$480.84
114,050 at 3.01%$481.45
114,050 at 3.02%$482.07
114,050 at 3.03%$482.69
114,050 at 3.04%$483.30
114,050 at 3.05%$483.92
114,050 at 3.06%$484.54
114,050 at 3.07%$485.16
114,050 at 3.08%$485.77
114,050 at 3.09%$486.39
114,050 at 3.1%$487.01
114,050 at 3.11%$487.63
114,050 at 3.12%$488.25
114,050 at 3.13%$488.87
114,050 at 3.14%$489.49
114,050 at 3.15%$490.11
114,050 at 3.16%$490.74
114,050 at 3.17%$491.36
114,050 at 3.18%$491.98
114,050 at 3.19%$492.60
114,050 at 3.2%$493.23
114,050 at 3.21%$493.85
114,050 at 3.22%$494.48
114,050 at 3.23%$495.10
114,050 at 3.24%$495.73
114,050 at 3.25%$496.35
114,050 at 3.26%$496.98
114,050 at 3.27%$497.61
114,050 at 3.28%$498.23
114,050 at 3.29%$498.86
114,050 at 3.3%$499.49
114,050 at 3.31%$500.12
114,050 at 3.32%$500.74
114,050 at 3.33%$501.37
114,050 at 3.34%$502.00
114,050 at 3.35%$502.63
114,050 at 3.36%$503.26
114,050 at 3.37%$503.90
114,050 at 3.38%$504.53
114,050 at 3.39%$505.16
114,050 at 3.4%$505.79
114,050 at 3.41%$506.42
114,050 at 3.42%$507.06
114,050 at 3.43%$507.69
114,050 at 3.44%$508.32
114,050 at 3.45%$508.96
114,050 at 3.46%$509.59
114,050 at 3.47%$510.23
114,050 at 3.48%$510.86
114,050 at 3.49%$511.50
114,050 at 3.5%$512.14
Interest Rate 30 Year
114,050 at 3.51%$512.77
114,050 at 3.52%$513.41
114,050 at 3.53%$514.05
114,050 at 3.54%$514.69
114,050 at 3.55%$515.32
114,050 at 3.56%$515.96
114,050 at 3.57%$516.60
114,050 at 3.58%$517.24
114,050 at 3.59%$517.88
114,050 at 3.6%$518.52
114,050 at 3.61%$519.16
114,050 at 3.62%$519.81
114,050 at 3.63%$520.45
114,050 at 3.64%$521.09
114,050 at 3.65%$521.73
114,050 at 3.66%$522.38
114,050 at 3.67%$523.02
114,050 at 3.68%$523.66
114,050 at 3.69%$524.31
114,050 at 3.7%$524.95
114,050 at 3.71%$525.60
114,050 at 3.72%$526.24
114,050 at 3.73%$526.89
114,050 at 3.74%$527.54
114,050 at 3.75%$528.18
114,050 at 3.76%$528.83
114,050 at 3.77%$529.48
114,050 at 3.78%$530.13
114,050 at 3.79%$530.78
114,050 at 3.8%$531.42
114,050 at 3.81%$532.07
114,050 at 3.82%$532.72
114,050 at 3.83%$533.37
114,050 at 3.84%$534.02
114,050 at 3.85%$534.68
114,050 at 3.86%$535.33
114,050 at 3.87%$535.98
114,050 at 3.88%$536.63
114,050 at 3.89%$537.28
114,050 at 3.9%$537.94
114,050 at 3.91%$538.59
114,050 at 3.92%$539.25
114,050 at 3.93%$539.90
114,050 at 3.94%$540.55
114,050 at 3.95%$541.21
114,050 at 3.96%$541.87
114,050 at 3.97%$542.52
114,050 at 3.98%$543.18
114,050 at 3.99%$543.83
114,050 at 4%$544.49
114,050 at 4.01%$545.15
114,050 at 4.02%$545.81
114,050 at 4.03%$546.47
114,050 at 4.04%$547.13
114,050 at 4.05%$547.78
114,050 at 4.06%$548.44
114,050 at 4.07%$549.10
114,050 at 4.08%$549.77
114,050 at 4.09%$550.43
114,050 at 4.1%$551.09
114,050 at 4.11%$551.75
114,050 at 4.12%$552.41
114,050 at 4.13%$553.07
114,050 at 4.14%$553.74
114,050 at 4.15%$554.40
114,050 at 4.16%$555.06
114,050 at 4.17%$555.73
114,050 at 4.18%$556.39
114,050 at 4.19%$557.06
114,050 at 4.2%$557.72
114,050 at 4.21%$558.39
114,050 at 4.22%$559.06
114,050 at 4.23%$559.72
114,050 at 4.24%$560.39
114,050 at 4.25%$561.06
114,050 at 4.26%$561.73
114,050 at 4.27%$562.39
114,050 at 4.28%$563.06
114,050 at 4.29%$563.73
114,050 at 4.3%$564.40
114,050 at 4.31%$565.07
114,050 at 4.32%$565.74
114,050 at 4.33%$566.41
114,050 at 4.34%$567.08
114,050 at 4.35%$567.75
114,050 at 4.36%$568.43
114,050 at 4.37%$569.10
114,050 at 4.38%$569.77
114,050 at 4.39%$570.44
114,050 at 4.4%$571.12
114,050 at 4.41%$571.79
114,050 at 4.42%$572.47
114,050 at 4.43%$573.14
114,050 at 4.44%$573.82
114,050 at 4.45%$574.49
114,050 at 4.46%$575.17
114,050 at 4.47%$575.84
114,050 at 4.48%$576.52
114,050 at 4.49%$577.20
114,050 at 4.5%$577.87
114,050 at 4.51%$578.55
114,050 at 4.52%$579.23
114,050 at 4.53%$579.91
114,050 at 4.54%$580.59
114,050 at 4.55%$581.27
114,050 at 4.56%$581.95
114,050 at 4.57%$582.63
114,050 at 4.58%$583.31
114,050 at 4.59%$583.99
114,050 at 4.6%$584.67
114,050 at 4.61%$585.35
114,050 at 4.62%$586.03
114,050 at 4.63%$586.72
114,050 at 4.64%$587.40
114,050 at 4.65%$588.08
114,050 at 4.66%$588.77
114,050 at 4.67%$589.45
114,050 at 4.68%$590.14
114,050 at 4.69%$590.82
114,050 at 4.7%$591.51
114,050 at 4.71%$592.19
114,050 at 4.72%$592.88
114,050 at 4.73%$593.56
114,050 at 4.74%$594.25
114,050 at 4.75%$594.94
114,050 at 4.76%$595.63
114,050 at 4.77%$596.31
114,050 at 4.78%$597.00
114,050 at 4.79%$597.69
114,050 at 4.8%$598.38
114,050 at 4.81%$599.07
114,050 at 4.82%$599.76
114,050 at 4.83%$600.45
114,050 at 4.84%$601.14
114,050 at 4.85%$601.83
114,050 at 4.86%$602.52
114,050 at 4.87%$603.22
114,050 at 4.88%$603.91
114,050 at 4.89%$604.60
114,050 at 4.9%$605.29
114,050 at 4.91%$605.99
114,050 at 4.92%$606.68
114,050 at 4.93%$607.38
114,050 at 4.94%$608.07
114,050 at 4.95%$608.76
114,050 at 4.96%$609.46
114,050 at 4.97%$610.16
114,050 at 4.98%$610.85
114,050 at 4.99%$611.55
114,050 at 5%$612.25
Interest Rate 30 Year
114,050 at 5.01%$612.94
114,050 at 5.02%$613.64
114,050 at 5.03%$614.34
114,050 at 5.04%$615.04
114,050 at 5.05%$615.73
114,050 at 5.06%$616.43
114,050 at 5.07%$617.13
114,050 at 5.08%$617.83
114,050 at 5.09%$618.53
114,050 at 5.1%$619.23
114,050 at 5.11%$619.94
114,050 at 5.12%$620.64
114,050 at 5.13%$621.34
114,050 at 5.14%$622.04
114,050 at 5.15%$622.74
114,050 at 5.16%$623.45
114,050 at 5.17%$624.15
114,050 at 5.18%$624.85
114,050 at 5.19%$625.56
114,050 at 5.2%$626.26
114,050 at 5.21%$626.97
114,050 at 5.22%$627.67
114,050 at 5.23%$628.38
114,050 at 5.24%$629.08
114,050 at 5.25%$629.79
114,050 at 5.26%$630.49
114,050 at 5.27%$631.20
114,050 at 5.28%$631.91
114,050 at 5.29%$632.62
114,050 at 5.3%$633.32
114,050 at 5.31%$634.03
114,050 at 5.32%$634.74
114,050 at 5.33%$635.45
114,050 at 5.34%$636.16
114,050 at 5.35%$636.87
114,050 at 5.36%$637.58
114,050 at 5.37%$638.29
114,050 at 5.38%$639.00
114,050 at 5.39%$639.71
114,050 at 5.4%$640.43
114,050 at 5.41%$641.14
114,050 at 5.42%$641.85
114,050 at 5.43%$642.56
114,050 at 5.44%$643.28
114,050 at 5.45%$643.99
114,050 at 5.46%$644.70
114,050 at 5.47%$645.42
114,050 at 5.48%$646.13
114,050 at 5.49%$646.85
114,050 at 5.5%$647.56
114,050 at 5.51%$648.28
114,050 at 5.52%$649.00
114,050 at 5.53%$649.71
114,050 at 5.54%$650.43
114,050 at 5.55%$651.15
114,050 at 5.56%$651.86
114,050 at 5.57%$652.58
114,050 at 5.58%$653.30
114,050 at 5.59%$654.02
114,050 at 5.6%$654.74
114,050 at 5.61%$655.46
114,050 at 5.62%$656.18
114,050 at 5.63%$656.90
114,050 at 5.64%$657.62
114,050 at 5.65%$658.34
114,050 at 5.66%$659.06
114,050 at 5.67%$659.78
114,050 at 5.68%$660.50
114,050 at 5.69%$661.22
114,050 at 5.7%$661.95
114,050 at 5.71%$662.67
114,050 at 5.72%$663.39
114,050 at 5.73%$664.12
114,050 at 5.74%$664.84
114,050 at 5.75%$665.56
114,050 at 5.76%$666.29
114,050 at 5.77%$667.01
114,050 at 5.78%$667.74
114,050 at 5.79%$668.47
114,050 at 5.8%$669.19
114,050 at 5.81%$669.92
114,050 at 5.82%$670.65
114,050 at 5.83%$671.37
114,050 at 5.84%$672.10
114,050 at 5.85%$672.83
114,050 at 5.86%$673.56
114,050 at 5.87%$674.28
114,050 at 5.88%$675.01
114,050 at 5.89%$675.74
114,050 at 5.9%$676.47
114,050 at 5.91%$677.20
114,050 at 5.92%$677.93
114,050 at 5.93%$678.66
114,050 at 5.94%$679.39
114,050 at 5.95%$680.13
114,050 at 5.96%$680.86
114,050 at 5.97%$681.59
114,050 at 5.98%$682.32
114,050 at 5.99%$683.05
114,050 at 6%$683.79
114,050 at 6.01%$684.52
114,050 at 6.02%$685.25
114,050 at 6.03%$685.99
114,050 at 6.04%$686.72
114,050 at 6.05%$687.46
114,050 at 6.06%$688.19
114,050 at 6.07%$688.93
114,050 at 6.08%$689.66
114,050 at 6.09%$690.40
114,050 at 6.1%$691.14
114,050 at 6.11%$691.87
114,050 at 6.12%$692.61
114,050 at 6.13%$693.35
114,050 at 6.14%$694.09
114,050 at 6.15%$694.82
114,050 at 6.16%$695.56
114,050 at 6.17%$696.30
114,050 at 6.18%$697.04
114,050 at 6.19%$697.78
114,050 at 6.2%$698.52
114,050 at 6.21%$699.26
114,050 at 6.22%$700.00
114,050 at 6.23%$700.74
114,050 at 6.24%$701.48
114,050 at 6.25%$702.23
114,050 at 6.26%$702.97
114,050 at 6.27%$703.71
114,050 at 6.28%$704.45
114,050 at 6.29%$705.20
114,050 at 6.3%$705.94
114,050 at 6.31%$706.68
114,050 at 6.32%$707.43
114,050 at 6.33%$708.17
114,050 at 6.34%$708.91
114,050 at 6.35%$709.66
114,050 at 6.36%$710.41
114,050 at 6.37%$711.15
114,050 at 6.38%$711.90
114,050 at 6.39%$712.64
114,050 at 6.4%$713.39
114,050 at 6.41%$714.14
114,050 at 6.42%$714.88
114,050 at 6.43%$715.63
114,050 at 6.44%$716.38
114,050 at 6.45%$717.13
114,050 at 6.46%$717.88
114,050 at 6.47%$718.62
114,050 at 6.48%$719.37
114,050 at 6.49%$720.12
114,050 at 6.5%$720.87
Interest Rate 30 Year
114,050 at 6.51%$721.62
114,050 at 6.52%$722.37
114,050 at 6.53%$723.13
114,050 at 6.54%$723.88
114,050 at 6.55%$724.63
114,050 at 6.56%$725.38
114,050 at 6.57%$726.13
114,050 at 6.58%$726.88
114,050 at 6.59%$727.64
114,050 at 6.6%$728.39
114,050 at 6.61%$729.14
114,050 at 6.62%$729.90
114,050 at 6.63%$730.65
114,050 at 6.64%$731.41
114,050 at 6.65%$732.16
114,050 at 6.66%$732.92
114,050 at 6.67%$733.67
114,050 at 6.68%$734.43
114,050 at 6.69%$735.18
114,050 at 6.7%$735.94
114,050 at 6.71%$736.70
114,050 at 6.72%$737.45
114,050 at 6.73%$738.21
114,050 at 6.74%$738.97
114,050 at 6.75%$739.73
114,050 at 6.76%$740.48
114,050 at 6.77%$741.24
114,050 at 6.78%$742.00
114,050 at 6.79%$742.76
114,050 at 6.8%$743.52
114,050 at 6.81%$744.28
114,050 at 6.82%$745.04
114,050 at 6.83%$745.80
114,050 at 6.84%$746.56
114,050 at 6.85%$747.32
114,050 at 6.86%$748.08
114,050 at 6.87%$748.85
114,050 at 6.88%$749.61
114,050 at 6.89%$750.37
114,050 at 6.9%$751.13
114,050 at 6.91%$751.90
114,050 at 6.92%$752.66
114,050 at 6.93%$753.42
114,050 at 6.94%$754.19
114,050 at 6.95%$754.95
114,050 at 6.96%$755.72
114,050 at 6.97%$756.48
114,050 at 6.98%$757.25
114,050 at 6.99%$758.01
114,050 at 7%$758.78
114,050 at 7.01%$759.54
114,050 at 7.02%$760.31
114,050 at 7.03%$761.08
114,050 at 7.04%$761.84
114,050 at 7.05%$762.61
114,050 at 7.06%$763.38
114,050 at 7.07%$764.15
114,050 at 7.08%$764.92
114,050 at 7.09%$765.68
114,050 at 7.1%$766.45
114,050 at 7.11%$767.22
114,050 at 7.12%$767.99
114,050 at 7.13%$768.76
114,050 at 7.14%$769.53
114,050 at 7.15%$770.30
114,050 at 7.16%$771.07
114,050 at 7.17%$771.84
114,050 at 7.18%$772.61
114,050 at 7.19%$773.39
114,050 at 7.2%$774.16
114,050 at 7.21%$774.93
114,050 at 7.22%$775.70
114,050 at 7.23%$776.48
114,050 at 7.24%$777.25
114,050 at 7.25%$778.02
114,050 at 7.26%$778.80
114,050 at 7.27%$779.57
114,050 at 7.28%$780.34
114,050 at 7.29%$781.12
114,050 at 7.3%$781.89
114,050 at 7.31%$782.67
114,050 at 7.32%$783.44
114,050 at 7.33%$784.22
114,050 at 7.34%$785.00
114,050 at 7.35%$785.77
114,050 at 7.36%$786.55
114,050 at 7.37%$787.33
114,050 at 7.38%$788.10
114,050 at 7.39%$788.88
114,050 at 7.4%$789.66
114,050 at 7.41%$790.44
114,050 at 7.42%$791.22
114,050 at 7.43%$791.99
114,050 at 7.44%$792.77
114,050 at 7.45%$793.55
114,050 at 7.46%$794.33
114,050 at 7.47%$795.11
114,050 at 7.48%$795.89
114,050 at 7.49%$796.67
114,050 at 7.5%$797.45
114,050 at 7.51%$798.24
114,050 at 7.52%$799.02
114,050 at 7.53%$799.80
114,050 at 7.54%$800.58
114,050 at 7.55%$801.36
114,050 at 7.56%$802.15
114,050 at 7.57%$802.93
114,050 at 7.58%$803.71
114,050 at 7.59%$804.49
114,050 at 7.6%$805.28
114,050 at 7.61%$806.06
114,050 at 7.62%$806.85
114,050 at 7.63%$807.63
114,050 at 7.64%$808.42
114,050 at 7.65%$809.20
114,050 at 7.66%$809.99
114,050 at 7.67%$810.77
114,050 at 7.68%$811.56
114,050 at 7.69%$812.34
114,050 at 7.7%$813.13
114,050 at 7.71%$813.92
114,050 at 7.72%$814.71
114,050 at 7.73%$815.49
114,050 at 7.74%$816.28
114,050 at 7.75%$817.07
114,050 at 7.76%$817.86
114,050 at 7.77%$818.64
114,050 at 7.78%$819.43
114,050 at 7.79%$820.22
114,050 at 7.8%$821.01
114,050 at 7.81%$821.80
114,050 at 7.82%$822.59
114,050 at 7.83%$823.38
114,050 at 7.84%$824.17
114,050 at 7.85%$824.96
114,050 at 7.86%$825.75
114,050 at 7.87%$826.55
114,050 at 7.88%$827.34
114,050 at 7.89%$828.13
114,050 at 7.9%$828.92
114,050 at 7.91%$829.71
114,050 at 7.92%$830.51
114,050 at 7.93%$831.30
114,050 at 7.94%$832.09
114,050 at 7.95%$832.89
114,050 at 7.96%$833.68
114,050 at 7.97%$834.47
114,050 at 7.98%$835.27
114,050 at 7.99%$836.06
114,050 at 8%$836.86
More Amounts
What is the down payment for a $114,050 house? How much do you need to put down?
Percent Down Down Payment
1%1,141
2%2,281
3%3,422
4%4,562
5%5,703
6%6,843
7%7,984
8%9,124
9%10,265
10%11,405
11%12,546
12%13,686
13%14,827
14%15,967
15%17,108
16%18,248
17%19,389
18%20,529
19%21,670
20%22,810
Percent Down Down Payment
21%23,951
22%25,091
23%26,232
24%27,372
25%28,513
26%29,653
27%30,794
28%31,934
29%33,075
30%34,215
31%35,356
32%36,496
33%37,637
34%38,777
35%39,918
36%41,058
37%42,199
38%43,339
39%44,480
40%45,620
Percent Down Down Payment
41%46,761
42%47,901
43%49,042
44%50,182
45%51,323
46%52,463
47%53,604
48%54,744
49%55,885
50%57,025
51%58,166
52%59,306
53%60,447
54%61,587
55%62,728
56%63,868
57%65,009
58%66,149
59%67,290
60%68,430
Percent Down Down Payment
61%69,571
62%70,711
63%71,852
64%72,992
65%74,133
66%75,273
67%76,414
68%77,554
69%78,695
70%79,835
71%80,976
72%82,116
73%83,257
74%84,397
75%85,538
76%86,678
77%87,819
78%88,959
79%90,100
80%91,240
Percent Down Down Payment
81%92,381
82%93,521
83%94,662
84%95,802
85%96,943
86%98,083
87%99,224
88%100,364
89%101,505
90%102,645
91%103,786
92%104,926
93%106,067
94%107,207
95%108,348
96%109,488
97%110,629
98%111,769
99%112,910
100%114,050
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.