$114,950 Mortgage for 30 Years

What is the monthly payment of a 114,950 dollar loan?
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Loan Tables for a $114,950 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 115k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $114,950 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
114,950 at 2.01%$425.45
114,950 at 2.02%$426.03
114,950 at 2.03%$426.60
114,950 at 2.04%$427.18
114,950 at 2.05%$427.76
114,950 at 2.06%$428.33
114,950 at 2.07%$428.91
114,950 at 2.08%$429.49
114,950 at 2.09%$430.07
114,950 at 2.1%$430.65
114,950 at 2.11%$431.23
114,950 at 2.12%$431.81
114,950 at 2.13%$432.39
114,950 at 2.14%$432.97
114,950 at 2.15%$433.55
114,950 at 2.16%$434.13
114,950 at 2.17%$434.72
114,950 at 2.18%$435.30
114,950 at 2.19%$435.88
114,950 at 2.2%$436.47
114,950 at 2.21%$437.05
114,950 at 2.22%$437.64
114,950 at 2.23%$438.22
114,950 at 2.24%$438.81
114,950 at 2.25%$439.39
114,950 at 2.26%$439.98
114,950 at 2.27%$440.57
114,950 at 2.28%$441.15
114,950 at 2.29%$441.74
114,950 at 2.3%$442.33
114,950 at 2.31%$442.92
114,950 at 2.32%$443.51
114,950 at 2.33%$444.10
114,950 at 2.34%$444.69
114,950 at 2.35%$445.28
114,950 at 2.36%$445.87
114,950 at 2.37%$446.46
114,950 at 2.38%$447.05
114,950 at 2.39%$447.64
114,950 at 2.4%$448.24
114,950 at 2.41%$448.83
114,950 at 2.42%$449.42
114,950 at 2.43%$450.02
114,950 at 2.44%$450.61
114,950 at 2.45%$451.21
114,950 at 2.46%$451.80
114,950 at 2.47%$452.40
114,950 at 2.48%$453.00
114,950 at 2.49%$453.59
114,950 at 2.5%$454.19
114,950 at 2.51%$454.79
114,950 at 2.52%$455.39
114,950 at 2.53%$455.99
114,950 at 2.54%$456.59
114,950 at 2.55%$457.19
114,950 at 2.56%$457.79
114,950 at 2.57%$458.39
114,950 at 2.58%$458.99
114,950 at 2.59%$459.59
114,950 at 2.6%$460.19
114,950 at 2.61%$460.79
114,950 at 2.62%$461.40
114,950 at 2.63%$462.00
114,950 at 2.64%$462.60
114,950 at 2.65%$463.21
114,950 at 2.66%$463.81
114,950 at 2.67%$464.42
114,950 at 2.68%$465.02
114,950 at 2.69%$465.63
114,950 at 2.7%$466.23
114,950 at 2.71%$466.84
114,950 at 2.72%$467.45
114,950 at 2.73%$468.06
114,950 at 2.74%$468.66
114,950 at 2.75%$469.27
114,950 at 2.76%$469.88
114,950 at 2.77%$470.49
114,950 at 2.78%$471.10
114,950 at 2.79%$471.71
114,950 at 2.8%$472.32
114,950 at 2.81%$472.93
114,950 at 2.82%$473.55
114,950 at 2.83%$474.16
114,950 at 2.84%$474.77
114,950 at 2.85%$475.38
114,950 at 2.86%$476.00
114,950 at 2.87%$476.61
114,950 at 2.88%$477.23
114,950 at 2.89%$477.84
114,950 at 2.9%$478.46
114,950 at 2.91%$479.07
114,950 at 2.92%$479.69
114,950 at 2.93%$480.30
114,950 at 2.94%$480.92
114,950 at 2.95%$481.54
114,950 at 2.96%$482.16
114,950 at 2.97%$482.78
114,950 at 2.98%$483.39
114,950 at 2.99%$484.01
114,950 at 3%$484.63
114,950 at 3.01%$485.25
114,950 at 3.02%$485.87
114,950 at 3.03%$486.50
114,950 at 3.04%$487.12
114,950 at 3.05%$487.74
114,950 at 3.06%$488.36
114,950 at 3.07%$488.98
114,950 at 3.08%$489.61
114,950 at 3.09%$490.23
114,950 at 3.1%$490.86
114,950 at 3.11%$491.48
114,950 at 3.12%$492.10
114,950 at 3.13%$492.73
114,950 at 3.14%$493.36
114,950 at 3.15%$493.98
114,950 at 3.16%$494.61
114,950 at 3.17%$495.24
114,950 at 3.18%$495.86
114,950 at 3.19%$496.49
114,950 at 3.2%$497.12
114,950 at 3.21%$497.75
114,950 at 3.22%$498.38
114,950 at 3.23%$499.01
114,950 at 3.24%$499.64
114,950 at 3.25%$500.27
114,950 at 3.26%$500.90
114,950 at 3.27%$501.53
114,950 at 3.28%$502.16
114,950 at 3.29%$502.80
114,950 at 3.3%$503.43
114,950 at 3.31%$504.06
114,950 at 3.32%$504.70
114,950 at 3.33%$505.33
114,950 at 3.34%$505.97
114,950 at 3.35%$506.60
114,950 at 3.36%$507.24
114,950 at 3.37%$507.87
114,950 at 3.38%$508.51
114,950 at 3.39%$509.14
114,950 at 3.4%$509.78
114,950 at 3.41%$510.42
114,950 at 3.42%$511.06
114,950 at 3.43%$511.70
114,950 at 3.44%$512.33
114,950 at 3.45%$512.97
114,950 at 3.46%$513.61
114,950 at 3.47%$514.25
114,950 at 3.48%$514.89
114,950 at 3.49%$515.54
114,950 at 3.5%$516.18
Interest Rate 30 Year
114,950 at 3.51%$516.82
114,950 at 3.52%$517.46
114,950 at 3.53%$518.10
114,950 at 3.54%$518.75
114,950 at 3.55%$519.39
114,950 at 3.56%$520.03
114,950 at 3.57%$520.68
114,950 at 3.58%$521.32
114,950 at 3.59%$521.97
114,950 at 3.6%$522.61
114,950 at 3.61%$523.26
114,950 at 3.62%$523.91
114,950 at 3.63%$524.55
114,950 at 3.64%$525.20
114,950 at 3.65%$525.85
114,950 at 3.66%$526.50
114,950 at 3.67%$527.15
114,950 at 3.68%$527.80
114,950 at 3.69%$528.45
114,950 at 3.7%$529.10
114,950 at 3.71%$529.75
114,950 at 3.72%$530.40
114,950 at 3.73%$531.05
114,950 at 3.74%$531.70
114,950 at 3.75%$532.35
114,950 at 3.76%$533.00
114,950 at 3.77%$533.66
114,950 at 3.78%$534.31
114,950 at 3.79%$534.96
114,950 at 3.8%$535.62
114,950 at 3.81%$536.27
114,950 at 3.82%$536.93
114,950 at 3.83%$537.58
114,950 at 3.84%$538.24
114,950 at 3.85%$538.90
114,950 at 3.86%$539.55
114,950 at 3.87%$540.21
114,950 at 3.88%$540.87
114,950 at 3.89%$541.52
114,950 at 3.9%$542.18
114,950 at 3.91%$542.84
114,950 at 3.92%$543.50
114,950 at 3.93%$544.16
114,950 at 3.94%$544.82
114,950 at 3.95%$545.48
114,950 at 3.96%$546.14
114,950 at 3.97%$546.80
114,950 at 3.98%$547.46
114,950 at 3.99%$548.13
114,950 at 4%$548.79
114,950 at 4.01%$549.45
114,950 at 4.02%$550.12
114,950 at 4.03%$550.78
114,950 at 4.04%$551.44
114,950 at 4.05%$552.11
114,950 at 4.06%$552.77
114,950 at 4.07%$553.44
114,950 at 4.08%$554.10
114,950 at 4.09%$554.77
114,950 at 4.1%$555.44
114,950 at 4.11%$556.10
114,950 at 4.12%$556.77
114,950 at 4.13%$557.44
114,950 at 4.14%$558.11
114,950 at 4.15%$558.78
114,950 at 4.16%$559.44
114,950 at 4.17%$560.11
114,950 at 4.18%$560.78
114,950 at 4.19%$561.45
114,950 at 4.2%$562.13
114,950 at 4.21%$562.80
114,950 at 4.22%$563.47
114,950 at 4.23%$564.14
114,950 at 4.24%$564.81
114,950 at 4.25%$565.48
114,950 at 4.26%$566.16
114,950 at 4.27%$566.83
114,950 at 4.28%$567.51
114,950 at 4.29%$568.18
114,950 at 4.3%$568.85
114,950 at 4.31%$569.53
114,950 at 4.32%$570.21
114,950 at 4.33%$570.88
114,950 at 4.34%$571.56
114,950 at 4.35%$572.23
114,950 at 4.36%$572.91
114,950 at 4.37%$573.59
114,950 at 4.38%$574.27
114,950 at 4.39%$574.95
114,950 at 4.4%$575.62
114,950 at 4.41%$576.30
114,950 at 4.42%$576.98
114,950 at 4.43%$577.66
114,950 at 4.44%$578.34
114,950 at 4.45%$579.02
114,950 at 4.46%$579.71
114,950 at 4.47%$580.39
114,950 at 4.48%$581.07
114,950 at 4.49%$581.75
114,950 at 4.5%$582.43
114,950 at 4.51%$583.12
114,950 at 4.52%$583.80
114,950 at 4.53%$584.49
114,950 at 4.54%$585.17
114,950 at 4.55%$585.85
114,950 at 4.56%$586.54
114,950 at 4.57%$587.23
114,950 at 4.58%$587.91
114,950 at 4.59%$588.60
114,950 at 4.6%$589.28
114,950 at 4.61%$589.97
114,950 at 4.62%$590.66
114,950 at 4.63%$591.35
114,950 at 4.64%$592.04
114,950 at 4.65%$592.72
114,950 at 4.66%$593.41
114,950 at 4.67%$594.10
114,950 at 4.68%$594.79
114,950 at 4.69%$595.48
114,950 at 4.7%$596.17
114,950 at 4.71%$596.87
114,950 at 4.72%$597.56
114,950 at 4.73%$598.25
114,950 at 4.74%$598.94
114,950 at 4.75%$599.63
114,950 at 4.76%$600.33
114,950 at 4.77%$601.02
114,950 at 4.78%$601.71
114,950 at 4.79%$602.41
114,950 at 4.8%$603.10
114,950 at 4.81%$603.80
114,950 at 4.82%$604.49
114,950 at 4.83%$605.19
114,950 at 4.84%$605.89
114,950 at 4.85%$606.58
114,950 at 4.86%$607.28
114,950 at 4.87%$607.98
114,950 at 4.88%$608.67
114,950 at 4.89%$609.37
114,950 at 4.9%$610.07
114,950 at 4.91%$610.77
114,950 at 4.92%$611.47
114,950 at 4.93%$612.17
114,950 at 4.94%$612.87
114,950 at 4.95%$613.57
114,950 at 4.96%$614.27
114,950 at 4.97%$614.97
114,950 at 4.98%$615.67
114,950 at 4.99%$616.37
114,950 at 5%$617.08
Interest Rate 30 Year
114,950 at 5.01%$617.78
114,950 at 5.02%$618.48
114,950 at 5.03%$619.19
114,950 at 5.04%$619.89
114,950 at 5.05%$620.59
114,950 at 5.06%$621.30
114,950 at 5.07%$622.00
114,950 at 5.08%$622.71
114,950 at 5.09%$623.41
114,950 at 5.1%$624.12
114,950 at 5.11%$624.83
114,950 at 5.12%$625.53
114,950 at 5.13%$626.24
114,950 at 5.14%$626.95
114,950 at 5.15%$627.66
114,950 at 5.16%$628.37
114,950 at 5.17%$629.07
114,950 at 5.18%$629.78
114,950 at 5.19%$630.49
114,950 at 5.2%$631.20
114,950 at 5.21%$631.91
114,950 at 5.22%$632.62
114,950 at 5.23%$633.33
114,950 at 5.24%$634.05
114,950 at 5.25%$634.76
114,950 at 5.26%$635.47
114,950 at 5.27%$636.18
114,950 at 5.28%$636.90
114,950 at 5.29%$637.61
114,950 at 5.3%$638.32
114,950 at 5.31%$639.04
114,950 at 5.32%$639.75
114,950 at 5.33%$640.47
114,950 at 5.34%$641.18
114,950 at 5.35%$641.90
114,950 at 5.36%$642.61
114,950 at 5.37%$643.33
114,950 at 5.38%$644.05
114,950 at 5.39%$644.76
114,950 at 5.4%$645.48
114,950 at 5.41%$646.20
114,950 at 5.42%$646.92
114,950 at 5.43%$647.63
114,950 at 5.44%$648.35
114,950 at 5.45%$649.07
114,950 at 5.46%$649.79
114,950 at 5.47%$650.51
114,950 at 5.48%$651.23
114,950 at 5.49%$651.95
114,950 at 5.5%$652.67
114,950 at 5.51%$653.39
114,950 at 5.52%$654.12
114,950 at 5.53%$654.84
114,950 at 5.54%$655.56
114,950 at 5.55%$656.28
114,950 at 5.56%$657.01
114,950 at 5.57%$657.73
114,950 at 5.58%$658.45
114,950 at 5.59%$659.18
114,950 at 5.6%$659.90
114,950 at 5.61%$660.63
114,950 at 5.62%$661.35
114,950 at 5.63%$662.08
114,950 at 5.64%$662.81
114,950 at 5.65%$663.53
114,950 at 5.66%$664.26
114,950 at 5.67%$664.99
114,950 at 5.68%$665.71
114,950 at 5.69%$666.44
114,950 at 5.7%$667.17
114,950 at 5.71%$667.90
114,950 at 5.72%$668.63
114,950 at 5.73%$669.36
114,950 at 5.74%$670.09
114,950 at 5.75%$670.82
114,950 at 5.76%$671.55
114,950 at 5.77%$672.28
114,950 at 5.78%$673.01
114,950 at 5.79%$673.74
114,950 at 5.8%$674.47
114,950 at 5.81%$675.20
114,950 at 5.82%$675.94
114,950 at 5.83%$676.67
114,950 at 5.84%$677.40
114,950 at 5.85%$678.14
114,950 at 5.86%$678.87
114,950 at 5.87%$679.61
114,950 at 5.88%$680.34
114,950 at 5.89%$681.08
114,950 at 5.9%$681.81
114,950 at 5.91%$682.55
114,950 at 5.92%$683.28
114,950 at 5.93%$684.02
114,950 at 5.94%$684.76
114,950 at 5.95%$685.49
114,950 at 5.96%$686.23
114,950 at 5.97%$686.97
114,950 at 5.98%$687.71
114,950 at 5.99%$688.44
114,950 at 6%$689.18
114,950 at 6.01%$689.92
114,950 at 6.02%$690.66
114,950 at 6.03%$691.40
114,950 at 6.04%$692.14
114,950 at 6.05%$692.88
114,950 at 6.06%$693.62
114,950 at 6.07%$694.37
114,950 at 6.08%$695.11
114,950 at 6.09%$695.85
114,950 at 6.1%$696.59
114,950 at 6.11%$697.33
114,950 at 6.12%$698.08
114,950 at 6.13%$698.82
114,950 at 6.14%$699.56
114,950 at 6.15%$700.31
114,950 at 6.16%$701.05
114,950 at 6.17%$701.80
114,950 at 6.18%$702.54
114,950 at 6.19%$703.29
114,950 at 6.2%$704.03
114,950 at 6.21%$704.78
114,950 at 6.22%$705.53
114,950 at 6.23%$706.27
114,950 at 6.24%$707.02
114,950 at 6.25%$707.77
114,950 at 6.26%$708.51
114,950 at 6.27%$709.26
114,950 at 6.28%$710.01
114,950 at 6.29%$710.76
114,950 at 6.3%$711.51
114,950 at 6.31%$712.26
114,950 at 6.32%$713.01
114,950 at 6.33%$713.76
114,950 at 6.34%$714.51
114,950 at 6.35%$715.26
114,950 at 6.36%$716.01
114,950 at 6.37%$716.76
114,950 at 6.38%$717.51
114,950 at 6.39%$718.27
114,950 at 6.4%$719.02
114,950 at 6.41%$719.77
114,950 at 6.42%$720.53
114,950 at 6.43%$721.28
114,950 at 6.44%$722.03
114,950 at 6.45%$722.79
114,950 at 6.46%$723.54
114,950 at 6.47%$724.30
114,950 at 6.48%$725.05
114,950 at 6.49%$725.81
114,950 at 6.5%$726.56
Interest Rate 30 Year
114,950 at 6.51%$727.32
114,950 at 6.52%$728.07
114,950 at 6.53%$728.83
114,950 at 6.54%$729.59
114,950 at 6.55%$730.35
114,950 at 6.56%$731.10
114,950 at 6.57%$731.86
114,950 at 6.58%$732.62
114,950 at 6.59%$733.38
114,950 at 6.6%$734.14
114,950 at 6.61%$734.90
114,950 at 6.62%$735.66
114,950 at 6.63%$736.42
114,950 at 6.64%$737.18
114,950 at 6.65%$737.94
114,950 at 6.66%$738.70
114,950 at 6.67%$739.46
114,950 at 6.68%$740.22
114,950 at 6.69%$740.98
114,950 at 6.7%$741.75
114,950 at 6.71%$742.51
114,950 at 6.72%$743.27
114,950 at 6.73%$744.04
114,950 at 6.74%$744.80
114,950 at 6.75%$745.56
114,950 at 6.76%$746.33
114,950 at 6.77%$747.09
114,950 at 6.78%$747.86
114,950 at 6.79%$748.62
114,950 at 6.8%$749.39
114,950 at 6.81%$750.15
114,950 at 6.82%$750.92
114,950 at 6.83%$751.69
114,950 at 6.84%$752.45
114,950 at 6.85%$753.22
114,950 at 6.86%$753.99
114,950 at 6.87%$754.76
114,950 at 6.88%$755.52
114,950 at 6.89%$756.29
114,950 at 6.9%$757.06
114,950 at 6.91%$757.83
114,950 at 6.92%$758.60
114,950 at 6.93%$759.37
114,950 at 6.94%$760.14
114,950 at 6.95%$760.91
114,950 at 6.96%$761.68
114,950 at 6.97%$762.45
114,950 at 6.98%$763.22
114,950 at 6.99%$763.99
114,950 at 7%$764.77
114,950 at 7.01%$765.54
114,950 at 7.02%$766.31
114,950 at 7.03%$767.08
114,950 at 7.04%$767.86
114,950 at 7.05%$768.63
114,950 at 7.06%$769.40
114,950 at 7.07%$770.18
114,950 at 7.08%$770.95
114,950 at 7.09%$771.73
114,950 at 7.1%$772.50
114,950 at 7.11%$773.28
114,950 at 7.12%$774.05
114,950 at 7.13%$774.83
114,950 at 7.14%$775.60
114,950 at 7.15%$776.38
114,950 at 7.16%$777.16
114,950 at 7.17%$777.93
114,950 at 7.18%$778.71
114,950 at 7.19%$779.49
114,950 at 7.2%$780.27
114,950 at 7.21%$781.05
114,950 at 7.22%$781.82
114,950 at 7.23%$782.60
114,950 at 7.24%$783.38
114,950 at 7.25%$784.16
114,950 at 7.26%$784.94
114,950 at 7.27%$785.72
114,950 at 7.28%$786.50
114,950 at 7.29%$787.28
114,950 at 7.3%$788.06
114,950 at 7.31%$788.85
114,950 at 7.32%$789.63
114,950 at 7.33%$790.41
114,950 at 7.34%$791.19
114,950 at 7.35%$791.97
114,950 at 7.36%$792.76
114,950 at 7.37%$793.54
114,950 at 7.38%$794.32
114,950 at 7.39%$795.11
114,950 at 7.4%$795.89
114,950 at 7.41%$796.67
114,950 at 7.42%$797.46
114,950 at 7.43%$798.24
114,950 at 7.44%$799.03
114,950 at 7.45%$799.82
114,950 at 7.46%$800.60
114,950 at 7.47%$801.39
114,950 at 7.48%$802.17
114,950 at 7.49%$802.96
114,950 at 7.5%$803.75
114,950 at 7.51%$804.53
114,950 at 7.52%$805.32
114,950 at 7.53%$806.11
114,950 at 7.54%$806.90
114,950 at 7.55%$807.69
114,950 at 7.56%$808.48
114,950 at 7.57%$809.26
114,950 at 7.58%$810.05
114,950 at 7.59%$810.84
114,950 at 7.6%$811.63
114,950 at 7.61%$812.42
114,950 at 7.62%$813.21
114,950 at 7.63%$814.00
114,950 at 7.64%$814.80
114,950 at 7.65%$815.59
114,950 at 7.66%$816.38
114,950 at 7.67%$817.17
114,950 at 7.68%$817.96
114,950 at 7.69%$818.75
114,950 at 7.7%$819.55
114,950 at 7.71%$820.34
114,950 at 7.72%$821.13
114,950 at 7.73%$821.93
114,950 at 7.74%$822.72
114,950 at 7.75%$823.52
114,950 at 7.76%$824.31
114,950 at 7.77%$825.11
114,950 at 7.78%$825.90
114,950 at 7.79%$826.70
114,950 at 7.8%$827.49
114,950 at 7.81%$828.29
114,950 at 7.82%$829.08
114,950 at 7.83%$829.88
114,950 at 7.84%$830.68
114,950 at 7.85%$831.47
114,950 at 7.86%$832.27
114,950 at 7.87%$833.07
114,950 at 7.88%$833.87
114,950 at 7.89%$834.66
114,950 at 7.9%$835.46
114,950 at 7.91%$836.26
114,950 at 7.92%$837.06
114,950 at 7.93%$837.86
114,950 at 7.94%$838.66
114,950 at 7.95%$839.46
114,950 at 7.96%$840.26
114,950 at 7.97%$841.06
114,950 at 7.98%$841.86
114,950 at 7.99%$842.66
114,950 at 8%$843.46
More Amounts
What is the down payment for a $114,950 house? How much do you need to put down?
Percent Down Down Payment
1%1,150
2%2,299
3%3,449
4%4,598
5%5,748
6%6,897
7%8,047
8%9,196
9%10,346
10%11,495
11%12,645
12%13,794
13%14,944
14%16,093
15%17,243
16%18,392
17%19,542
18%20,691
19%21,841
20%22,990
Percent Down Down Payment
21%24,140
22%25,289
23%26,439
24%27,588
25%28,738
26%29,887
27%31,037
28%32,186
29%33,336
30%34,485
31%35,635
32%36,784
33%37,934
34%39,083
35%40,233
36%41,382
37%42,532
38%43,681
39%44,831
40%45,980
Percent Down Down Payment
41%47,130
42%48,279
43%49,429
44%50,578
45%51,728
46%52,877
47%54,027
48%55,176
49%56,326
50%57,475
51%58,625
52%59,774
53%60,924
54%62,073
55%63,223
56%64,372
57%65,522
58%66,671
59%67,821
60%68,970
Percent Down Down Payment
61%70,120
62%71,269
63%72,419
64%73,568
65%74,718
66%75,867
67%77,017
68%78,166
69%79,316
70%80,465
71%81,615
72%82,764
73%83,914
74%85,063
75%86,213
76%87,362
77%88,512
78%89,661
79%90,811
80%91,960
Percent Down Down Payment
81%93,110
82%94,259
83%95,409
84%96,558
85%97,708
86%98,857
87%100,007
88%101,156
89%102,306
90%103,455
91%104,605
92%105,754
93%106,904
94%108,053
95%109,203
96%110,352
97%111,502
98%112,651
99%113,801
100%114,950
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.