$117,200 Mortgage for 30 Years

What is the monthly payment of a 117,200 dollar loan?
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Loan Tables for a $117,200 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 117k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $117,200 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
117,200 at 2.01%$433.78
117,200 at 2.02%$434.37
117,200 at 2.03%$434.95
117,200 at 2.04%$435.54
117,200 at 2.05%$436.13
117,200 at 2.06%$436.72
117,200 at 2.07%$437.31
117,200 at 2.08%$437.90
117,200 at 2.09%$438.49
117,200 at 2.1%$439.08
117,200 at 2.11%$439.67
117,200 at 2.12%$440.26
117,200 at 2.13%$440.85
117,200 at 2.14%$441.45
117,200 at 2.15%$442.04
117,200 at 2.16%$442.63
117,200 at 2.17%$443.23
117,200 at 2.18%$443.82
117,200 at 2.19%$444.41
117,200 at 2.2%$445.01
117,200 at 2.21%$445.61
117,200 at 2.22%$446.20
117,200 at 2.23%$446.80
117,200 at 2.24%$447.39
117,200 at 2.25%$447.99
117,200 at 2.26%$448.59
117,200 at 2.27%$449.19
117,200 at 2.28%$449.79
117,200 at 2.29%$450.39
117,200 at 2.3%$450.99
117,200 at 2.31%$451.59
117,200 at 2.32%$452.19
117,200 at 2.33%$452.79
117,200 at 2.34%$453.39
117,200 at 2.35%$453.99
117,200 at 2.36%$454.60
117,200 at 2.37%$455.20
117,200 at 2.38%$455.80
117,200 at 2.39%$456.41
117,200 at 2.4%$457.01
117,200 at 2.41%$457.62
117,200 at 2.42%$458.22
117,200 at 2.43%$458.83
117,200 at 2.44%$459.43
117,200 at 2.45%$460.04
117,200 at 2.46%$460.65
117,200 at 2.47%$461.26
117,200 at 2.48%$461.86
117,200 at 2.49%$462.47
117,200 at 2.5%$463.08
117,200 at 2.51%$463.69
117,200 at 2.52%$464.30
117,200 at 2.53%$464.91
117,200 at 2.54%$465.52
117,200 at 2.55%$466.13
117,200 at 2.56%$466.75
117,200 at 2.57%$467.36
117,200 at 2.58%$467.97
117,200 at 2.59%$468.58
117,200 at 2.6%$469.20
117,200 at 2.61%$469.81
117,200 at 2.62%$470.43
117,200 at 2.63%$471.04
117,200 at 2.64%$471.66
117,200 at 2.65%$472.27
117,200 at 2.66%$472.89
117,200 at 2.67%$473.51
117,200 at 2.68%$474.12
117,200 at 2.69%$474.74
117,200 at 2.7%$475.36
117,200 at 2.71%$475.98
117,200 at 2.72%$476.60
117,200 at 2.73%$477.22
117,200 at 2.74%$477.84
117,200 at 2.75%$478.46
117,200 at 2.76%$479.08
117,200 at 2.77%$479.70
117,200 at 2.78%$480.32
117,200 at 2.79%$480.95
117,200 at 2.8%$481.57
117,200 at 2.81%$482.19
117,200 at 2.82%$482.82
117,200 at 2.83%$483.44
117,200 at 2.84%$484.06
117,200 at 2.85%$484.69
117,200 at 2.86%$485.31
117,200 at 2.87%$485.94
117,200 at 2.88%$486.57
117,200 at 2.89%$487.19
117,200 at 2.9%$487.82
117,200 at 2.91%$488.45
117,200 at 2.92%$489.08
117,200 at 2.93%$489.71
117,200 at 2.94%$490.34
117,200 at 2.95%$490.97
117,200 at 2.96%$491.60
117,200 at 2.97%$492.23
117,200 at 2.98%$492.86
117,200 at 2.99%$493.49
117,200 at 3%$494.12
117,200 at 3.01%$494.75
117,200 at 3.02%$495.39
117,200 at 3.03%$496.02
117,200 at 3.04%$496.65
117,200 at 3.05%$497.29
117,200 at 3.06%$497.92
117,200 at 3.07%$498.56
117,200 at 3.08%$499.19
117,200 at 3.09%$499.83
117,200 at 3.1%$500.46
117,200 at 3.11%$501.10
117,200 at 3.12%$501.74
117,200 at 3.13%$502.37
117,200 at 3.14%$503.01
117,200 at 3.15%$503.65
117,200 at 3.16%$504.29
117,200 at 3.17%$504.93
117,200 at 3.18%$505.57
117,200 at 3.19%$506.21
117,200 at 3.2%$506.85
117,200 at 3.21%$507.49
117,200 at 3.22%$508.13
117,200 at 3.23%$508.78
117,200 at 3.24%$509.42
117,200 at 3.25%$510.06
117,200 at 3.26%$510.71
117,200 at 3.27%$511.35
117,200 at 3.28%$511.99
117,200 at 3.29%$512.64
117,200 at 3.3%$513.28
117,200 at 3.31%$513.93
117,200 at 3.32%$514.58
117,200 at 3.33%$515.22
117,200 at 3.34%$515.87
117,200 at 3.35%$516.52
117,200 at 3.36%$517.16
117,200 at 3.37%$517.81
117,200 at 3.38%$518.46
117,200 at 3.39%$519.11
117,200 at 3.4%$519.76
117,200 at 3.41%$520.41
117,200 at 3.42%$521.06
117,200 at 3.43%$521.71
117,200 at 3.44%$522.36
117,200 at 3.45%$523.01
117,200 at 3.46%$523.67
117,200 at 3.47%$524.32
117,200 at 3.48%$524.97
117,200 at 3.49%$525.63
117,200 at 3.5%$526.28
Interest Rate 30 Year
117,200 at 3.51%$526.93
117,200 at 3.52%$527.59
117,200 at 3.53%$528.25
117,200 at 3.54%$528.90
117,200 at 3.55%$529.56
117,200 at 3.56%$530.21
117,200 at 3.57%$530.87
117,200 at 3.58%$531.53
117,200 at 3.59%$532.19
117,200 at 3.6%$532.84
117,200 at 3.61%$533.50
117,200 at 3.62%$534.16
117,200 at 3.63%$534.82
117,200 at 3.64%$535.48
117,200 at 3.65%$536.14
117,200 at 3.66%$536.80
117,200 at 3.67%$537.46
117,200 at 3.68%$538.13
117,200 at 3.69%$538.79
117,200 at 3.7%$539.45
117,200 at 3.71%$540.11
117,200 at 3.72%$540.78
117,200 at 3.73%$541.44
117,200 at 3.74%$542.11
117,200 at 3.75%$542.77
117,200 at 3.76%$543.44
117,200 at 3.77%$544.10
117,200 at 3.78%$544.77
117,200 at 3.79%$545.44
117,200 at 3.8%$546.10
117,200 at 3.81%$546.77
117,200 at 3.82%$547.44
117,200 at 3.83%$548.11
117,200 at 3.84%$548.77
117,200 at 3.85%$549.44
117,200 at 3.86%$550.11
117,200 at 3.87%$550.78
117,200 at 3.88%$551.45
117,200 at 3.89%$552.12
117,200 at 3.9%$552.80
117,200 at 3.91%$553.47
117,200 at 3.92%$554.14
117,200 at 3.93%$554.81
117,200 at 3.94%$555.48
117,200 at 3.95%$556.16
117,200 at 3.96%$556.83
117,200 at 3.97%$557.51
117,200 at 3.98%$558.18
117,200 at 3.99%$558.86
117,200 at 4%$559.53
117,200 at 4.01%$560.21
117,200 at 4.02%$560.88
117,200 at 4.03%$561.56
117,200 at 4.04%$562.24
117,200 at 4.05%$562.91
117,200 at 4.06%$563.59
117,200 at 4.07%$564.27
117,200 at 4.08%$564.95
117,200 at 4.09%$565.63
117,200 at 4.1%$566.31
117,200 at 4.11%$566.99
117,200 at 4.12%$567.67
117,200 at 4.13%$568.35
117,200 at 4.14%$569.03
117,200 at 4.15%$569.71
117,200 at 4.16%$570.40
117,200 at 4.17%$571.08
117,200 at 4.18%$571.76
117,200 at 4.19%$572.44
117,200 at 4.2%$573.13
117,200 at 4.21%$573.81
117,200 at 4.22%$574.50
117,200 at 4.23%$575.18
117,200 at 4.24%$575.87
117,200 at 4.25%$576.55
117,200 at 4.26%$577.24
117,200 at 4.27%$577.93
117,200 at 4.28%$578.61
117,200 at 4.29%$579.30
117,200 at 4.3%$579.99
117,200 at 4.31%$580.68
117,200 at 4.32%$581.37
117,200 at 4.33%$582.06
117,200 at 4.34%$582.75
117,200 at 4.35%$583.44
117,200 at 4.36%$584.13
117,200 at 4.37%$584.82
117,200 at 4.38%$585.51
117,200 at 4.39%$586.20
117,200 at 4.4%$586.89
117,200 at 4.41%$587.58
117,200 at 4.42%$588.28
117,200 at 4.43%$588.97
117,200 at 4.44%$589.66
117,200 at 4.45%$590.36
117,200 at 4.46%$591.05
117,200 at 4.47%$591.75
117,200 at 4.48%$592.44
117,200 at 4.49%$593.14
117,200 at 4.5%$593.84
117,200 at 4.51%$594.53
117,200 at 4.52%$595.23
117,200 at 4.53%$595.93
117,200 at 4.54%$596.62
117,200 at 4.55%$597.32
117,200 at 4.56%$598.02
117,200 at 4.57%$598.72
117,200 at 4.58%$599.42
117,200 at 4.59%$600.12
117,200 at 4.6%$600.82
117,200 at 4.61%$601.52
117,200 at 4.62%$602.22
117,200 at 4.63%$602.92
117,200 at 4.64%$603.62
117,200 at 4.65%$604.33
117,200 at 4.66%$605.03
117,200 at 4.67%$605.73
117,200 at 4.68%$606.44
117,200 at 4.69%$607.14
117,200 at 4.7%$607.84
117,200 at 4.71%$608.55
117,200 at 4.72%$609.25
117,200 at 4.73%$609.96
117,200 at 4.74%$610.66
117,200 at 4.75%$611.37
117,200 at 4.76%$612.08
117,200 at 4.77%$612.78
117,200 at 4.78%$613.49
117,200 at 4.79%$614.20
117,200 at 4.8%$614.91
117,200 at 4.81%$615.62
117,200 at 4.82%$616.33
117,200 at 4.83%$617.03
117,200 at 4.84%$617.74
117,200 at 4.85%$618.45
117,200 at 4.86%$619.17
117,200 at 4.87%$619.88
117,200 at 4.88%$620.59
117,200 at 4.89%$621.30
117,200 at 4.9%$622.01
117,200 at 4.91%$622.72
117,200 at 4.92%$623.44
117,200 at 4.93%$624.15
117,200 at 4.94%$624.86
117,200 at 4.95%$625.58
117,200 at 4.96%$626.29
117,200 at 4.97%$627.01
117,200 at 4.98%$627.72
117,200 at 4.99%$628.44
117,200 at 5%$629.15
Interest Rate 30 Year
117,200 at 5.01%$629.87
117,200 at 5.02%$630.59
117,200 at 5.03%$631.31
117,200 at 5.04%$632.02
117,200 at 5.05%$632.74
117,200 at 5.06%$633.46
117,200 at 5.07%$634.18
117,200 at 5.08%$634.90
117,200 at 5.09%$635.62
117,200 at 5.1%$636.34
117,200 at 5.11%$637.06
117,200 at 5.12%$637.78
117,200 at 5.13%$638.50
117,200 at 5.14%$639.22
117,200 at 5.15%$639.94
117,200 at 5.16%$640.67
117,200 at 5.17%$641.39
117,200 at 5.18%$642.11
117,200 at 5.19%$642.83
117,200 at 5.2%$643.56
117,200 at 5.21%$644.28
117,200 at 5.22%$645.01
117,200 at 5.23%$645.73
117,200 at 5.24%$646.46
117,200 at 5.25%$647.18
117,200 at 5.26%$647.91
117,200 at 5.27%$648.64
117,200 at 5.28%$649.36
117,200 at 5.29%$650.09
117,200 at 5.3%$650.82
117,200 at 5.31%$651.55
117,200 at 5.32%$652.27
117,200 at 5.33%$653.00
117,200 at 5.34%$653.73
117,200 at 5.35%$654.46
117,200 at 5.36%$655.19
117,200 at 5.37%$655.92
117,200 at 5.38%$656.65
117,200 at 5.39%$657.38
117,200 at 5.4%$658.11
117,200 at 5.41%$658.85
117,200 at 5.42%$659.58
117,200 at 5.43%$660.31
117,200 at 5.44%$661.04
117,200 at 5.45%$661.78
117,200 at 5.46%$662.51
117,200 at 5.47%$663.24
117,200 at 5.48%$663.98
117,200 at 5.49%$664.71
117,200 at 5.5%$665.45
117,200 at 5.51%$666.18
117,200 at 5.52%$666.92
117,200 at 5.53%$667.66
117,200 at 5.54%$668.39
117,200 at 5.55%$669.13
117,200 at 5.56%$669.87
117,200 at 5.57%$670.61
117,200 at 5.58%$671.34
117,200 at 5.59%$672.08
117,200 at 5.6%$672.82
117,200 at 5.61%$673.56
117,200 at 5.62%$674.30
117,200 at 5.63%$675.04
117,200 at 5.64%$675.78
117,200 at 5.65%$676.52
117,200 at 5.66%$677.26
117,200 at 5.67%$678.00
117,200 at 5.68%$678.74
117,200 at 5.69%$679.49
117,200 at 5.7%$680.23
117,200 at 5.71%$680.97
117,200 at 5.72%$681.72
117,200 at 5.73%$682.46
117,200 at 5.74%$683.20
117,200 at 5.75%$683.95
117,200 at 5.76%$684.69
117,200 at 5.77%$685.44
117,200 at 5.78%$686.18
117,200 at 5.79%$686.93
117,200 at 5.8%$687.67
117,200 at 5.81%$688.42
117,200 at 5.82%$689.17
117,200 at 5.83%$689.92
117,200 at 5.84%$690.66
117,200 at 5.85%$691.41
117,200 at 5.86%$692.16
117,200 at 5.87%$692.91
117,200 at 5.88%$693.66
117,200 at 5.89%$694.41
117,200 at 5.9%$695.16
117,200 at 5.91%$695.91
117,200 at 5.92%$696.66
117,200 at 5.93%$697.41
117,200 at 5.94%$698.16
117,200 at 5.95%$698.91
117,200 at 5.96%$699.66
117,200 at 5.97%$700.41
117,200 at 5.98%$701.17
117,200 at 5.99%$701.92
117,200 at 6%$702.67
117,200 at 6.01%$703.43
117,200 at 6.02%$704.18
117,200 at 6.03%$704.94
117,200 at 6.04%$705.69
117,200 at 6.05%$706.45
117,200 at 6.06%$707.20
117,200 at 6.07%$707.96
117,200 at 6.08%$708.71
117,200 at 6.09%$709.47
117,200 at 6.1%$710.23
117,200 at 6.11%$710.98
117,200 at 6.12%$711.74
117,200 at 6.13%$712.50
117,200 at 6.14%$713.26
117,200 at 6.15%$714.02
117,200 at 6.16%$714.77
117,200 at 6.17%$715.53
117,200 at 6.18%$716.29
117,200 at 6.19%$717.05
117,200 at 6.2%$717.81
117,200 at 6.21%$718.57
117,200 at 6.22%$719.34
117,200 at 6.23%$720.10
117,200 at 6.24%$720.86
117,200 at 6.25%$721.62
117,200 at 6.26%$722.38
117,200 at 6.27%$723.15
117,200 at 6.28%$723.91
117,200 at 6.29%$724.67
117,200 at 6.3%$725.44
117,200 at 6.31%$726.20
117,200 at 6.32%$726.96
117,200 at 6.33%$727.73
117,200 at 6.34%$728.49
117,200 at 6.35%$729.26
117,200 at 6.36%$730.03
117,200 at 6.37%$730.79
117,200 at 6.38%$731.56
117,200 at 6.39%$732.33
117,200 at 6.4%$733.09
117,200 at 6.41%$733.86
117,200 at 6.42%$734.63
117,200 at 6.43%$735.40
117,200 at 6.44%$736.17
117,200 at 6.45%$736.93
117,200 at 6.46%$737.70
117,200 at 6.47%$738.47
117,200 at 6.48%$739.24
117,200 at 6.49%$740.01
117,200 at 6.5%$740.78
Interest Rate 30 Year
117,200 at 6.51%$741.55
117,200 at 6.52%$742.33
117,200 at 6.53%$743.10
117,200 at 6.54%$743.87
117,200 at 6.55%$744.64
117,200 at 6.56%$745.41
117,200 at 6.57%$746.19
117,200 at 6.58%$746.96
117,200 at 6.59%$747.73
117,200 at 6.6%$748.51
117,200 at 6.61%$749.28
117,200 at 6.62%$750.06
117,200 at 6.63%$750.83
117,200 at 6.64%$751.61
117,200 at 6.65%$752.38
117,200 at 6.66%$753.16
117,200 at 6.67%$753.94
117,200 at 6.68%$754.71
117,200 at 6.69%$755.49
117,200 at 6.7%$756.27
117,200 at 6.71%$757.04
117,200 at 6.72%$757.82
117,200 at 6.73%$758.60
117,200 at 6.74%$759.38
117,200 at 6.75%$760.16
117,200 at 6.76%$760.94
117,200 at 6.77%$761.72
117,200 at 6.78%$762.50
117,200 at 6.79%$763.28
117,200 at 6.8%$764.06
117,200 at 6.81%$764.84
117,200 at 6.82%$765.62
117,200 at 6.83%$766.40
117,200 at 6.84%$767.18
117,200 at 6.85%$767.96
117,200 at 6.86%$768.75
117,200 at 6.87%$769.53
117,200 at 6.88%$770.31
117,200 at 6.89%$771.10
117,200 at 6.9%$771.88
117,200 at 6.91%$772.66
117,200 at 6.92%$773.45
117,200 at 6.93%$774.23
117,200 at 6.94%$775.02
117,200 at 6.95%$775.80
117,200 at 6.96%$776.59
117,200 at 6.97%$777.37
117,200 at 6.98%$778.16
117,200 at 6.99%$778.95
117,200 at 7%$779.73
117,200 at 7.01%$780.52
117,200 at 7.02%$781.31
117,200 at 7.03%$782.10
117,200 at 7.04%$782.89
117,200 at 7.05%$783.67
117,200 at 7.06%$784.46
117,200 at 7.07%$785.25
117,200 at 7.08%$786.04
117,200 at 7.09%$786.83
117,200 at 7.1%$787.62
117,200 at 7.11%$788.41
117,200 at 7.12%$789.20
117,200 at 7.13%$789.99
117,200 at 7.14%$790.79
117,200 at 7.15%$791.58
117,200 at 7.16%$792.37
117,200 at 7.17%$793.16
117,200 at 7.18%$793.95
117,200 at 7.19%$794.75
117,200 at 7.2%$795.54
117,200 at 7.21%$796.33
117,200 at 7.22%$797.13
117,200 at 7.23%$797.92
117,200 at 7.24%$798.72
117,200 at 7.25%$799.51
117,200 at 7.26%$800.31
117,200 at 7.27%$801.10
117,200 at 7.28%$801.90
117,200 at 7.29%$802.69
117,200 at 7.3%$803.49
117,200 at 7.31%$804.29
117,200 at 7.32%$805.08
117,200 at 7.33%$805.88
117,200 at 7.34%$806.68
117,200 at 7.35%$807.48
117,200 at 7.36%$808.27
117,200 at 7.37%$809.07
117,200 at 7.38%$809.87
117,200 at 7.39%$810.67
117,200 at 7.4%$811.47
117,200 at 7.41%$812.27
117,200 at 7.42%$813.07
117,200 at 7.43%$813.87
117,200 at 7.44%$814.67
117,200 at 7.45%$815.47
117,200 at 7.46%$816.27
117,200 at 7.47%$817.07
117,200 at 7.48%$817.87
117,200 at 7.49%$818.68
117,200 at 7.5%$819.48
117,200 at 7.51%$820.28
117,200 at 7.52%$821.09
117,200 at 7.53%$821.89
117,200 at 7.54%$822.69
117,200 at 7.55%$823.50
117,200 at 7.56%$824.30
117,200 at 7.57%$825.10
117,200 at 7.58%$825.91
117,200 at 7.59%$826.71
117,200 at 7.6%$827.52
117,200 at 7.61%$828.33
117,200 at 7.62%$829.13
117,200 at 7.63%$829.94
117,200 at 7.64%$830.74
117,200 at 7.65%$831.55
117,200 at 7.66%$832.36
117,200 at 7.67%$833.17
117,200 at 7.68%$833.97
117,200 at 7.69%$834.78
117,200 at 7.7%$835.59
117,200 at 7.71%$836.40
117,200 at 7.72%$837.21
117,200 at 7.73%$838.02
117,200 at 7.74%$838.83
117,200 at 7.75%$839.64
117,200 at 7.76%$840.45
117,200 at 7.77%$841.26
117,200 at 7.78%$842.07
117,200 at 7.79%$842.88
117,200 at 7.8%$843.69
117,200 at 7.81%$844.50
117,200 at 7.82%$845.31
117,200 at 7.83%$846.12
117,200 at 7.84%$846.94
117,200 at 7.85%$847.75
117,200 at 7.86%$848.56
117,200 at 7.87%$849.37
117,200 at 7.88%$850.19
117,200 at 7.89%$851.00
117,200 at 7.9%$851.82
117,200 at 7.91%$852.63
117,200 at 7.92%$853.44
117,200 at 7.93%$854.26
117,200 at 7.94%$855.08
117,200 at 7.95%$855.89
117,200 at 7.96%$856.71
117,200 at 7.97%$857.52
117,200 at 7.98%$858.34
117,200 at 7.99%$859.16
117,200 at 8%$859.97
More Amounts
What is the down payment for a $117,200 house? How much do you need to put down?
Percent Down Down Payment
1%1,172
2%2,344
3%3,516
4%4,688
5%5,860
6%7,032
7%8,204
8%9,376
9%10,548
10%11,720
11%12,892
12%14,064
13%15,236
14%16,408
15%17,580
16%18,752
17%19,924
18%21,096
19%22,268
20%23,440
Percent Down Down Payment
21%24,612
22%25,784
23%26,956
24%28,128
25%29,300
26%30,472
27%31,644
28%32,816
29%33,988
30%35,160
31%36,332
32%37,504
33%38,676
34%39,848
35%41,020
36%42,192
37%43,364
38%44,536
39%45,708
40%46,880
Percent Down Down Payment
41%48,052
42%49,224
43%50,396
44%51,568
45%52,740
46%53,912
47%55,084
48%56,256
49%57,428
50%58,600
51%59,772
52%60,944
53%62,116
54%63,288
55%64,460
56%65,632
57%66,804
58%67,976
59%69,148
60%70,320
Percent Down Down Payment
61%71,492
62%72,664
63%73,836
64%75,008
65%76,180
66%77,352
67%78,524
68%79,696
69%80,868
70%82,040
71%83,212
72%84,384
73%85,556
74%86,728
75%87,900
76%89,072
77%90,244
78%91,416
79%92,588
80%93,760
Percent Down Down Payment
81%94,932
82%96,104
83%97,276
84%98,448
85%99,620
86%100,792
87%101,964
88%103,136
89%104,308
90%105,480
91%106,652
92%107,824
93%108,996
94%110,168
95%111,340
96%112,512
97%113,684
98%114,856
99%116,028
100%117,200
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.