$116,200 Mortgage for 30 Years

What is the monthly payment of a 116,200 dollar loan?
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Loan Tables for a $116,200 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 116k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $116,200 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
116,200 at 2.01%$430.08
116,200 at 2.02%$430.66
116,200 at 2.03%$431.24
116,200 at 2.04%$431.83
116,200 at 2.05%$432.41
116,200 at 2.06%$432.99
116,200 at 2.07%$433.58
116,200 at 2.08%$434.16
116,200 at 2.09%$434.75
116,200 at 2.1%$435.33
116,200 at 2.11%$435.92
116,200 at 2.12%$436.50
116,200 at 2.13%$437.09
116,200 at 2.14%$437.68
116,200 at 2.15%$438.27
116,200 at 2.16%$438.85
116,200 at 2.17%$439.44
116,200 at 2.18%$440.03
116,200 at 2.19%$440.62
116,200 at 2.2%$441.21
116,200 at 2.21%$441.80
116,200 at 2.22%$442.39
116,200 at 2.23%$442.99
116,200 at 2.24%$443.58
116,200 at 2.25%$444.17
116,200 at 2.26%$444.76
116,200 at 2.27%$445.36
116,200 at 2.28%$445.95
116,200 at 2.29%$446.54
116,200 at 2.3%$447.14
116,200 at 2.31%$447.73
116,200 at 2.32%$448.33
116,200 at 2.33%$448.93
116,200 at 2.34%$449.52
116,200 at 2.35%$450.12
116,200 at 2.36%$450.72
116,200 at 2.37%$451.32
116,200 at 2.38%$451.91
116,200 at 2.39%$452.51
116,200 at 2.4%$453.11
116,200 at 2.41%$453.71
116,200 at 2.42%$454.31
116,200 at 2.43%$454.91
116,200 at 2.44%$455.51
116,200 at 2.45%$456.12
116,200 at 2.46%$456.72
116,200 at 2.47%$457.32
116,200 at 2.48%$457.92
116,200 at 2.49%$458.53
116,200 at 2.5%$459.13
116,200 at 2.51%$459.73
116,200 at 2.52%$460.34
116,200 at 2.53%$460.94
116,200 at 2.54%$461.55
116,200 at 2.55%$462.16
116,200 at 2.56%$462.76
116,200 at 2.57%$463.37
116,200 at 2.58%$463.98
116,200 at 2.59%$464.59
116,200 at 2.6%$465.19
116,200 at 2.61%$465.80
116,200 at 2.62%$466.41
116,200 at 2.63%$467.02
116,200 at 2.64%$467.63
116,200 at 2.65%$468.24
116,200 at 2.66%$468.86
116,200 at 2.67%$469.47
116,200 at 2.68%$470.08
116,200 at 2.69%$470.69
116,200 at 2.7%$471.30
116,200 at 2.71%$471.92
116,200 at 2.72%$472.53
116,200 at 2.73%$473.15
116,200 at 2.74%$473.76
116,200 at 2.75%$474.38
116,200 at 2.76%$474.99
116,200 at 2.77%$475.61
116,200 at 2.78%$476.22
116,200 at 2.79%$476.84
116,200 at 2.8%$477.46
116,200 at 2.81%$478.08
116,200 at 2.82%$478.70
116,200 at 2.83%$479.31
116,200 at 2.84%$479.93
116,200 at 2.85%$480.55
116,200 at 2.86%$481.17
116,200 at 2.87%$481.79
116,200 at 2.88%$482.42
116,200 at 2.89%$483.04
116,200 at 2.9%$483.66
116,200 at 2.91%$484.28
116,200 at 2.92%$484.90
116,200 at 2.93%$485.53
116,200 at 2.94%$486.15
116,200 at 2.95%$486.78
116,200 at 2.96%$487.40
116,200 at 2.97%$488.03
116,200 at 2.98%$488.65
116,200 at 2.99%$489.28
116,200 at 3%$489.90
116,200 at 3.01%$490.53
116,200 at 3.02%$491.16
116,200 at 3.03%$491.79
116,200 at 3.04%$492.41
116,200 at 3.05%$493.04
116,200 at 3.06%$493.67
116,200 at 3.07%$494.30
116,200 at 3.08%$494.93
116,200 at 3.09%$495.56
116,200 at 3.1%$496.19
116,200 at 3.11%$496.82
116,200 at 3.12%$497.46
116,200 at 3.13%$498.09
116,200 at 3.14%$498.72
116,200 at 3.15%$499.35
116,200 at 3.16%$499.99
116,200 at 3.17%$500.62
116,200 at 3.18%$501.26
116,200 at 3.19%$501.89
116,200 at 3.2%$502.53
116,200 at 3.21%$503.16
116,200 at 3.22%$503.80
116,200 at 3.23%$504.44
116,200 at 3.24%$505.07
116,200 at 3.25%$505.71
116,200 at 3.26%$506.35
116,200 at 3.27%$506.99
116,200 at 3.28%$507.62
116,200 at 3.29%$508.26
116,200 at 3.3%$508.90
116,200 at 3.31%$509.54
116,200 at 3.32%$510.18
116,200 at 3.33%$510.83
116,200 at 3.34%$511.47
116,200 at 3.35%$512.11
116,200 at 3.36%$512.75
116,200 at 3.37%$513.39
116,200 at 3.38%$514.04
116,200 at 3.39%$514.68
116,200 at 3.4%$515.33
116,200 at 3.41%$515.97
116,200 at 3.42%$516.61
116,200 at 3.43%$517.26
116,200 at 3.44%$517.91
116,200 at 3.45%$518.55
116,200 at 3.46%$519.20
116,200 at 3.47%$519.85
116,200 at 3.48%$520.49
116,200 at 3.49%$521.14
116,200 at 3.5%$521.79
Interest Rate 30 Year
116,200 at 3.51%$522.44
116,200 at 3.52%$523.09
116,200 at 3.53%$523.74
116,200 at 3.54%$524.39
116,200 at 3.55%$525.04
116,200 at 3.56%$525.69
116,200 at 3.57%$526.34
116,200 at 3.58%$526.99
116,200 at 3.59%$527.65
116,200 at 3.6%$528.30
116,200 at 3.61%$528.95
116,200 at 3.62%$529.60
116,200 at 3.63%$530.26
116,200 at 3.64%$530.91
116,200 at 3.65%$531.57
116,200 at 3.66%$532.22
116,200 at 3.67%$532.88
116,200 at 3.68%$533.54
116,200 at 3.69%$534.19
116,200 at 3.7%$534.85
116,200 at 3.71%$535.51
116,200 at 3.72%$536.16
116,200 at 3.73%$536.82
116,200 at 3.74%$537.48
116,200 at 3.75%$538.14
116,200 at 3.76%$538.80
116,200 at 3.77%$539.46
116,200 at 3.78%$540.12
116,200 at 3.79%$540.78
116,200 at 3.8%$541.44
116,200 at 3.81%$542.10
116,200 at 3.82%$542.77
116,200 at 3.83%$543.43
116,200 at 3.84%$544.09
116,200 at 3.85%$544.76
116,200 at 3.86%$545.42
116,200 at 3.87%$546.08
116,200 at 3.88%$546.75
116,200 at 3.89%$547.41
116,200 at 3.9%$548.08
116,200 at 3.91%$548.74
116,200 at 3.92%$549.41
116,200 at 3.93%$550.08
116,200 at 3.94%$550.74
116,200 at 3.95%$551.41
116,200 at 3.96%$552.08
116,200 at 3.97%$552.75
116,200 at 3.98%$553.42
116,200 at 3.99%$554.09
116,200 at 4%$554.76
116,200 at 4.01%$555.43
116,200 at 4.02%$556.10
116,200 at 4.03%$556.77
116,200 at 4.04%$557.44
116,200 at 4.05%$558.11
116,200 at 4.06%$558.78
116,200 at 4.07%$559.46
116,200 at 4.08%$560.13
116,200 at 4.09%$560.80
116,200 at 4.1%$561.48
116,200 at 4.11%$562.15
116,200 at 4.12%$562.83
116,200 at 4.13%$563.50
116,200 at 4.14%$564.18
116,200 at 4.15%$564.85
116,200 at 4.16%$565.53
116,200 at 4.17%$566.21
116,200 at 4.18%$566.88
116,200 at 4.19%$567.56
116,200 at 4.2%$568.24
116,200 at 4.21%$568.92
116,200 at 4.22%$569.60
116,200 at 4.23%$570.27
116,200 at 4.24%$570.95
116,200 at 4.25%$571.63
116,200 at 4.26%$572.31
116,200 at 4.27%$573.00
116,200 at 4.28%$573.68
116,200 at 4.29%$574.36
116,200 at 4.3%$575.04
116,200 at 4.31%$575.72
116,200 at 4.32%$576.41
116,200 at 4.33%$577.09
116,200 at 4.34%$577.77
116,200 at 4.35%$578.46
116,200 at 4.36%$579.14
116,200 at 4.37%$579.83
116,200 at 4.38%$580.51
116,200 at 4.39%$581.20
116,200 at 4.4%$581.88
116,200 at 4.41%$582.57
116,200 at 4.42%$583.26
116,200 at 4.43%$583.95
116,200 at 4.44%$584.63
116,200 at 4.45%$585.32
116,200 at 4.46%$586.01
116,200 at 4.47%$586.70
116,200 at 4.48%$587.39
116,200 at 4.49%$588.08
116,200 at 4.5%$588.77
116,200 at 4.51%$589.46
116,200 at 4.52%$590.15
116,200 at 4.53%$590.84
116,200 at 4.54%$591.53
116,200 at 4.55%$592.23
116,200 at 4.56%$592.92
116,200 at 4.57%$593.61
116,200 at 4.58%$594.30
116,200 at 4.59%$595.00
116,200 at 4.6%$595.69
116,200 at 4.61%$596.39
116,200 at 4.62%$597.08
116,200 at 4.63%$597.78
116,200 at 4.64%$598.47
116,200 at 4.65%$599.17
116,200 at 4.66%$599.87
116,200 at 4.67%$600.56
116,200 at 4.68%$601.26
116,200 at 4.69%$601.96
116,200 at 4.7%$602.66
116,200 at 4.71%$603.36
116,200 at 4.72%$604.05
116,200 at 4.73%$604.75
116,200 at 4.74%$605.45
116,200 at 4.75%$606.15
116,200 at 4.76%$606.85
116,200 at 4.77%$607.56
116,200 at 4.78%$608.26
116,200 at 4.79%$608.96
116,200 at 4.8%$609.66
116,200 at 4.81%$610.36
116,200 at 4.82%$611.07
116,200 at 4.83%$611.77
116,200 at 4.84%$612.47
116,200 at 4.85%$613.18
116,200 at 4.86%$613.88
116,200 at 4.87%$614.59
116,200 at 4.88%$615.29
116,200 at 4.89%$616.00
116,200 at 4.9%$616.70
116,200 at 4.91%$617.41
116,200 at 4.92%$618.12
116,200 at 4.93%$618.83
116,200 at 4.94%$619.53
116,200 at 4.95%$620.24
116,200 at 4.96%$620.95
116,200 at 4.97%$621.66
116,200 at 4.98%$622.37
116,200 at 4.99%$623.08
116,200 at 5%$623.79
Interest Rate 30 Year
116,200 at 5.01%$624.50
116,200 at 5.02%$625.21
116,200 at 5.03%$625.92
116,200 at 5.04%$626.63
116,200 at 5.05%$627.34
116,200 at 5.06%$628.05
116,200 at 5.07%$628.77
116,200 at 5.08%$629.48
116,200 at 5.09%$630.19
116,200 at 5.1%$630.91
116,200 at 5.11%$631.62
116,200 at 5.12%$632.34
116,200 at 5.13%$633.05
116,200 at 5.14%$633.77
116,200 at 5.15%$634.48
116,200 at 5.16%$635.20
116,200 at 5.17%$635.92
116,200 at 5.18%$636.63
116,200 at 5.19%$637.35
116,200 at 5.2%$638.07
116,200 at 5.21%$638.78
116,200 at 5.22%$639.50
116,200 at 5.23%$640.22
116,200 at 5.24%$640.94
116,200 at 5.25%$641.66
116,200 at 5.26%$642.38
116,200 at 5.27%$643.10
116,200 at 5.28%$643.82
116,200 at 5.29%$644.54
116,200 at 5.3%$645.26
116,200 at 5.31%$645.99
116,200 at 5.32%$646.71
116,200 at 5.33%$647.43
116,200 at 5.34%$648.15
116,200 at 5.35%$648.88
116,200 at 5.36%$649.60
116,200 at 5.37%$650.32
116,200 at 5.38%$651.05
116,200 at 5.39%$651.77
116,200 at 5.4%$652.50
116,200 at 5.41%$653.22
116,200 at 5.42%$653.95
116,200 at 5.43%$654.68
116,200 at 5.44%$655.40
116,200 at 5.45%$656.13
116,200 at 5.46%$656.86
116,200 at 5.47%$657.59
116,200 at 5.48%$658.31
116,200 at 5.49%$659.04
116,200 at 5.5%$659.77
116,200 at 5.51%$660.50
116,200 at 5.52%$661.23
116,200 at 5.53%$661.96
116,200 at 5.54%$662.69
116,200 at 5.55%$663.42
116,200 at 5.56%$664.15
116,200 at 5.57%$664.88
116,200 at 5.58%$665.62
116,200 at 5.59%$666.35
116,200 at 5.6%$667.08
116,200 at 5.61%$667.81
116,200 at 5.62%$668.55
116,200 at 5.63%$669.28
116,200 at 5.64%$670.01
116,200 at 5.65%$670.75
116,200 at 5.66%$671.48
116,200 at 5.67%$672.22
116,200 at 5.68%$672.95
116,200 at 5.69%$673.69
116,200 at 5.7%$674.43
116,200 at 5.71%$675.16
116,200 at 5.72%$675.90
116,200 at 5.73%$676.64
116,200 at 5.74%$677.37
116,200 at 5.75%$678.11
116,200 at 5.76%$678.85
116,200 at 5.77%$679.59
116,200 at 5.78%$680.33
116,200 at 5.79%$681.07
116,200 at 5.8%$681.81
116,200 at 5.81%$682.55
116,200 at 5.82%$683.29
116,200 at 5.83%$684.03
116,200 at 5.84%$684.77
116,200 at 5.85%$685.51
116,200 at 5.86%$686.25
116,200 at 5.87%$687.00
116,200 at 5.88%$687.74
116,200 at 5.89%$688.48
116,200 at 5.9%$689.22
116,200 at 5.91%$689.97
116,200 at 5.92%$690.71
116,200 at 5.93%$691.46
116,200 at 5.94%$692.20
116,200 at 5.95%$692.95
116,200 at 5.96%$693.69
116,200 at 5.97%$694.44
116,200 at 5.98%$695.18
116,200 at 5.99%$695.93
116,200 at 6%$696.68
116,200 at 6.01%$697.42
116,200 at 6.02%$698.17
116,200 at 6.03%$698.92
116,200 at 6.04%$699.67
116,200 at 6.05%$700.42
116,200 at 6.06%$701.17
116,200 at 6.07%$701.92
116,200 at 6.08%$702.67
116,200 at 6.09%$703.42
116,200 at 6.1%$704.17
116,200 at 6.11%$704.92
116,200 at 6.12%$705.67
116,200 at 6.13%$706.42
116,200 at 6.14%$707.17
116,200 at 6.15%$707.92
116,200 at 6.16%$708.68
116,200 at 6.17%$709.43
116,200 at 6.18%$710.18
116,200 at 6.19%$710.94
116,200 at 6.2%$711.69
116,200 at 6.21%$712.44
116,200 at 6.22%$713.20
116,200 at 6.23%$713.95
116,200 at 6.24%$714.71
116,200 at 6.25%$715.46
116,200 at 6.26%$716.22
116,200 at 6.27%$716.98
116,200 at 6.28%$717.73
116,200 at 6.29%$718.49
116,200 at 6.3%$719.25
116,200 at 6.31%$720.00
116,200 at 6.32%$720.76
116,200 at 6.33%$721.52
116,200 at 6.34%$722.28
116,200 at 6.35%$723.04
116,200 at 6.36%$723.80
116,200 at 6.37%$724.56
116,200 at 6.38%$725.32
116,200 at 6.39%$726.08
116,200 at 6.4%$726.84
116,200 at 6.41%$727.60
116,200 at 6.42%$728.36
116,200 at 6.43%$729.12
116,200 at 6.44%$729.88
116,200 at 6.45%$730.65
116,200 at 6.46%$731.41
116,200 at 6.47%$732.17
116,200 at 6.48%$732.94
116,200 at 6.49%$733.70
116,200 at 6.5%$734.46
Interest Rate 30 Year
116,200 at 6.51%$735.23
116,200 at 6.52%$735.99
116,200 at 6.53%$736.76
116,200 at 6.54%$737.52
116,200 at 6.55%$738.29
116,200 at 6.56%$739.05
116,200 at 6.57%$739.82
116,200 at 6.58%$740.59
116,200 at 6.59%$741.35
116,200 at 6.6%$742.12
116,200 at 6.61%$742.89
116,200 at 6.62%$743.66
116,200 at 6.63%$744.43
116,200 at 6.64%$745.19
116,200 at 6.65%$745.96
116,200 at 6.66%$746.73
116,200 at 6.67%$747.50
116,200 at 6.68%$748.27
116,200 at 6.69%$749.04
116,200 at 6.7%$749.81
116,200 at 6.71%$750.58
116,200 at 6.72%$751.36
116,200 at 6.73%$752.13
116,200 at 6.74%$752.90
116,200 at 6.75%$753.67
116,200 at 6.76%$754.44
116,200 at 6.77%$755.22
116,200 at 6.78%$755.99
116,200 at 6.79%$756.76
116,200 at 6.8%$757.54
116,200 at 6.81%$758.31
116,200 at 6.82%$759.09
116,200 at 6.83%$759.86
116,200 at 6.84%$760.64
116,200 at 6.85%$761.41
116,200 at 6.86%$762.19
116,200 at 6.87%$762.96
116,200 at 6.88%$763.74
116,200 at 6.89%$764.52
116,200 at 6.9%$765.29
116,200 at 6.91%$766.07
116,200 at 6.92%$766.85
116,200 at 6.93%$767.63
116,200 at 6.94%$768.40
116,200 at 6.95%$769.18
116,200 at 6.96%$769.96
116,200 at 6.97%$770.74
116,200 at 6.98%$771.52
116,200 at 6.99%$772.30
116,200 at 7%$773.08
116,200 at 7.01%$773.86
116,200 at 7.02%$774.64
116,200 at 7.03%$775.42
116,200 at 7.04%$776.21
116,200 at 7.05%$776.99
116,200 at 7.06%$777.77
116,200 at 7.07%$778.55
116,200 at 7.08%$779.33
116,200 at 7.09%$780.12
116,200 at 7.1%$780.90
116,200 at 7.11%$781.68
116,200 at 7.12%$782.47
116,200 at 7.13%$783.25
116,200 at 7.14%$784.04
116,200 at 7.15%$784.82
116,200 at 7.16%$785.61
116,200 at 7.17%$786.39
116,200 at 7.18%$787.18
116,200 at 7.19%$787.97
116,200 at 7.2%$788.75
116,200 at 7.21%$789.54
116,200 at 7.22%$790.33
116,200 at 7.23%$791.11
116,200 at 7.24%$791.90
116,200 at 7.25%$792.69
116,200 at 7.26%$793.48
116,200 at 7.27%$794.27
116,200 at 7.28%$795.05
116,200 at 7.29%$795.84
116,200 at 7.3%$796.63
116,200 at 7.31%$797.42
116,200 at 7.32%$798.21
116,200 at 7.33%$799.00
116,200 at 7.34%$799.79
116,200 at 7.35%$800.59
116,200 at 7.36%$801.38
116,200 at 7.37%$802.17
116,200 at 7.38%$802.96
116,200 at 7.39%$803.75
116,200 at 7.4%$804.55
116,200 at 7.41%$805.34
116,200 at 7.42%$806.13
116,200 at 7.43%$806.92
116,200 at 7.44%$807.72
116,200 at 7.45%$808.51
116,200 at 7.46%$809.31
116,200 at 7.47%$810.10
116,200 at 7.48%$810.90
116,200 at 7.49%$811.69
116,200 at 7.5%$812.49
116,200 at 7.51%$813.28
116,200 at 7.52%$814.08
116,200 at 7.53%$814.88
116,200 at 7.54%$815.67
116,200 at 7.55%$816.47
116,200 at 7.56%$817.27
116,200 at 7.57%$818.06
116,200 at 7.58%$818.86
116,200 at 7.59%$819.66
116,200 at 7.6%$820.46
116,200 at 7.61%$821.26
116,200 at 7.62%$822.06
116,200 at 7.63%$822.86
116,200 at 7.64%$823.66
116,200 at 7.65%$824.46
116,200 at 7.66%$825.26
116,200 at 7.67%$826.06
116,200 at 7.68%$826.86
116,200 at 7.69%$827.66
116,200 at 7.7%$828.46
116,200 at 7.71%$829.26
116,200 at 7.72%$830.06
116,200 at 7.73%$830.87
116,200 at 7.74%$831.67
116,200 at 7.75%$832.47
116,200 at 7.76%$833.27
116,200 at 7.77%$834.08
116,200 at 7.78%$834.88
116,200 at 7.79%$835.69
116,200 at 7.8%$836.49
116,200 at 7.81%$837.29
116,200 at 7.82%$838.10
116,200 at 7.83%$838.90
116,200 at 7.84%$839.71
116,200 at 7.85%$840.52
116,200 at 7.86%$841.32
116,200 at 7.87%$842.13
116,200 at 7.88%$842.93
116,200 at 7.89%$843.74
116,200 at 7.9%$844.55
116,200 at 7.91%$845.36
116,200 at 7.92%$846.16
116,200 at 7.93%$846.97
116,200 at 7.94%$847.78
116,200 at 7.95%$848.59
116,200 at 7.96%$849.40
116,200 at 7.97%$850.21
116,200 at 7.98%$851.01
116,200 at 7.99%$851.82
116,200 at 8%$852.63
More Amounts
What is the down payment for a $116,200 house? How much do you need to put down?
Percent Down Down Payment
1%1,162
2%2,324
3%3,486
4%4,648
5%5,810
6%6,972
7%8,134
8%9,296
9%10,458
10%11,620
11%12,782
12%13,944
13%15,106
14%16,268
15%17,430
16%18,592
17%19,754
18%20,916
19%22,078
20%23,240
Percent Down Down Payment
21%24,402
22%25,564
23%26,726
24%27,888
25%29,050
26%30,212
27%31,374
28%32,536
29%33,698
30%34,860
31%36,022
32%37,184
33%38,346
34%39,508
35%40,670
36%41,832
37%42,994
38%44,156
39%45,318
40%46,480
Percent Down Down Payment
41%47,642
42%48,804
43%49,966
44%51,128
45%52,290
46%53,452
47%54,614
48%55,776
49%56,938
50%58,100
51%59,262
52%60,424
53%61,586
54%62,748
55%63,910
56%65,072
57%66,234
58%67,396
59%68,558
60%69,720
Percent Down Down Payment
61%70,882
62%72,044
63%73,206
64%74,368
65%75,530
66%76,692
67%77,854
68%79,016
69%80,178
70%81,340
71%82,502
72%83,664
73%84,826
74%85,988
75%87,150
76%88,312
77%89,474
78%90,636
79%91,798
80%92,960
Percent Down Down Payment
81%94,122
82%95,284
83%96,446
84%97,608
85%98,770
86%99,932
87%101,094
88%102,256
89%103,418
90%104,580
91%105,742
92%106,904
93%108,066
94%109,228
95%110,390
96%111,552
97%112,714
98%113,876
99%115,038
100%116,200
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.