$118,300 Mortgage for 30 Years

What is the monthly payment of a 118,300 dollar loan?
$
$
%
%
years
Loan Tables for a $118,300 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 118k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $118,300 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
118,300 at 2.01%$437.85
118,300 at 2.02%$438.44
118,300 at 2.03%$439.04
118,300 at 2.04%$439.63
118,300 at 2.05%$440.22
118,300 at 2.06%$440.82
118,300 at 2.07%$441.41
118,300 at 2.08%$442.01
118,300 at 2.09%$442.60
118,300 at 2.1%$443.20
118,300 at 2.11%$443.80
118,300 at 2.12%$444.39
118,300 at 2.13%$444.99
118,300 at 2.14%$445.59
118,300 at 2.15%$446.19
118,300 at 2.16%$446.79
118,300 at 2.17%$447.39
118,300 at 2.18%$447.98
118,300 at 2.19%$448.59
118,300 at 2.2%$449.19
118,300 at 2.21%$449.79
118,300 at 2.22%$450.39
118,300 at 2.23%$450.99
118,300 at 2.24%$451.59
118,300 at 2.25%$452.20
118,300 at 2.26%$452.80
118,300 at 2.27%$453.40
118,300 at 2.28%$454.01
118,300 at 2.29%$454.61
118,300 at 2.3%$455.22
118,300 at 2.31%$455.83
118,300 at 2.32%$456.43
118,300 at 2.33%$457.04
118,300 at 2.34%$457.65
118,300 at 2.35%$458.25
118,300 at 2.36%$458.86
118,300 at 2.37%$459.47
118,300 at 2.38%$460.08
118,300 at 2.39%$460.69
118,300 at 2.4%$461.30
118,300 at 2.41%$461.91
118,300 at 2.42%$462.52
118,300 at 2.43%$463.13
118,300 at 2.44%$463.75
118,300 at 2.45%$464.36
118,300 at 2.46%$464.97
118,300 at 2.47%$465.58
118,300 at 2.48%$466.20
118,300 at 2.49%$466.81
118,300 at 2.5%$467.43
118,300 at 2.51%$468.04
118,300 at 2.52%$468.66
118,300 at 2.53%$469.28
118,300 at 2.54%$469.89
118,300 at 2.55%$470.51
118,300 at 2.56%$471.13
118,300 at 2.57%$471.74
118,300 at 2.58%$472.36
118,300 at 2.59%$472.98
118,300 at 2.6%$473.60
118,300 at 2.61%$474.22
118,300 at 2.62%$474.84
118,300 at 2.63%$475.46
118,300 at 2.64%$476.08
118,300 at 2.65%$476.71
118,300 at 2.66%$477.33
118,300 at 2.67%$477.95
118,300 at 2.68%$478.57
118,300 at 2.69%$479.20
118,300 at 2.7%$479.82
118,300 at 2.71%$480.45
118,300 at 2.72%$481.07
118,300 at 2.73%$481.70
118,300 at 2.74%$482.32
118,300 at 2.75%$482.95
118,300 at 2.76%$483.58
118,300 at 2.77%$484.20
118,300 at 2.78%$484.83
118,300 at 2.79%$485.46
118,300 at 2.8%$486.09
118,300 at 2.81%$486.72
118,300 at 2.82%$487.35
118,300 at 2.83%$487.98
118,300 at 2.84%$488.61
118,300 at 2.85%$489.24
118,300 at 2.86%$489.87
118,300 at 2.87%$490.50
118,300 at 2.88%$491.13
118,300 at 2.89%$491.77
118,300 at 2.9%$492.40
118,300 at 2.91%$493.03
118,300 at 2.92%$493.67
118,300 at 2.93%$494.30
118,300 at 2.94%$494.94
118,300 at 2.95%$495.57
118,300 at 2.96%$496.21
118,300 at 2.97%$496.85
118,300 at 2.98%$497.48
118,300 at 2.99%$498.12
118,300 at 3%$498.76
118,300 at 3.01%$499.40
118,300 at 3.02%$500.03
118,300 at 3.03%$500.67
118,300 at 3.04%$501.31
118,300 at 3.05%$501.95
118,300 at 3.06%$502.59
118,300 at 3.07%$503.23
118,300 at 3.08%$503.88
118,300 at 3.09%$504.52
118,300 at 3.1%$505.16
118,300 at 3.11%$505.80
118,300 at 3.12%$506.45
118,300 at 3.13%$507.09
118,300 at 3.14%$507.73
118,300 at 3.15%$508.38
118,300 at 3.16%$509.02
118,300 at 3.17%$509.67
118,300 at 3.18%$510.32
118,300 at 3.19%$510.96
118,300 at 3.2%$511.61
118,300 at 3.21%$512.26
118,300 at 3.22%$512.90
118,300 at 3.23%$513.55
118,300 at 3.24%$514.20
118,300 at 3.25%$514.85
118,300 at 3.26%$515.50
118,300 at 3.27%$516.15
118,300 at 3.28%$516.80
118,300 at 3.29%$517.45
118,300 at 3.3%$518.10
118,300 at 3.31%$518.75
118,300 at 3.32%$519.40
118,300 at 3.33%$520.06
118,300 at 3.34%$520.71
118,300 at 3.35%$521.36
118,300 at 3.36%$522.02
118,300 at 3.37%$522.67
118,300 at 3.38%$523.33
118,300 at 3.39%$523.98
118,300 at 3.4%$524.64
118,300 at 3.41%$525.29
118,300 at 3.42%$525.95
118,300 at 3.43%$526.61
118,300 at 3.44%$527.27
118,300 at 3.45%$527.92
118,300 at 3.46%$528.58
118,300 at 3.47%$529.24
118,300 at 3.48%$529.90
118,300 at 3.49%$530.56
118,300 at 3.5%$531.22
Interest Rate 30 Year
118,300 at 3.51%$531.88
118,300 at 3.52%$532.54
118,300 at 3.53%$533.20
118,300 at 3.54%$533.86
118,300 at 3.55%$534.53
118,300 at 3.56%$535.19
118,300 at 3.57%$535.85
118,300 at 3.58%$536.52
118,300 at 3.59%$537.18
118,300 at 3.6%$537.85
118,300 at 3.61%$538.51
118,300 at 3.62%$539.18
118,300 at 3.63%$539.84
118,300 at 3.64%$540.51
118,300 at 3.65%$541.17
118,300 at 3.66%$541.84
118,300 at 3.67%$542.51
118,300 at 3.68%$543.18
118,300 at 3.69%$543.85
118,300 at 3.7%$544.51
118,300 at 3.71%$545.18
118,300 at 3.72%$545.85
118,300 at 3.73%$546.52
118,300 at 3.74%$547.19
118,300 at 3.75%$547.87
118,300 at 3.76%$548.54
118,300 at 3.77%$549.21
118,300 at 3.78%$549.88
118,300 at 3.79%$550.55
118,300 at 3.8%$551.23
118,300 at 3.81%$551.90
118,300 at 3.82%$552.58
118,300 at 3.83%$553.25
118,300 at 3.84%$553.92
118,300 at 3.85%$554.60
118,300 at 3.86%$555.28
118,300 at 3.87%$555.95
118,300 at 3.88%$556.63
118,300 at 3.89%$557.31
118,300 at 3.9%$557.98
118,300 at 3.91%$558.66
118,300 at 3.92%$559.34
118,300 at 3.93%$560.02
118,300 at 3.94%$560.70
118,300 at 3.95%$561.38
118,300 at 3.96%$562.06
118,300 at 3.97%$562.74
118,300 at 3.98%$563.42
118,300 at 3.99%$564.10
118,300 at 4%$564.78
118,300 at 4.01%$565.46
118,300 at 4.02%$566.15
118,300 at 4.03%$566.83
118,300 at 4.04%$567.51
118,300 at 4.05%$568.20
118,300 at 4.06%$568.88
118,300 at 4.07%$569.57
118,300 at 4.08%$570.25
118,300 at 4.09%$570.94
118,300 at 4.1%$571.62
118,300 at 4.11%$572.31
118,300 at 4.12%$573.00
118,300 at 4.13%$573.68
118,300 at 4.14%$574.37
118,300 at 4.15%$575.06
118,300 at 4.16%$575.75
118,300 at 4.17%$576.44
118,300 at 4.18%$577.13
118,300 at 4.19%$577.82
118,300 at 4.2%$578.51
118,300 at 4.21%$579.20
118,300 at 4.22%$579.89
118,300 at 4.23%$580.58
118,300 at 4.24%$581.27
118,300 at 4.25%$581.96
118,300 at 4.26%$582.66
118,300 at 4.27%$583.35
118,300 at 4.28%$584.04
118,300 at 4.29%$584.74
118,300 at 4.3%$585.43
118,300 at 4.31%$586.13
118,300 at 4.32%$586.82
118,300 at 4.33%$587.52
118,300 at 4.34%$588.21
118,300 at 4.35%$588.91
118,300 at 4.36%$589.61
118,300 at 4.37%$590.31
118,300 at 4.38%$591.00
118,300 at 4.39%$591.70
118,300 at 4.4%$592.40
118,300 at 4.41%$593.10
118,300 at 4.42%$593.80
118,300 at 4.43%$594.50
118,300 at 4.44%$595.20
118,300 at 4.45%$595.90
118,300 at 4.46%$596.60
118,300 at 4.47%$597.30
118,300 at 4.48%$598.00
118,300 at 4.49%$598.71
118,300 at 4.5%$599.41
118,300 at 4.51%$600.11
118,300 at 4.52%$600.82
118,300 at 4.53%$601.52
118,300 at 4.54%$602.22
118,300 at 4.55%$602.93
118,300 at 4.56%$603.63
118,300 at 4.57%$604.34
118,300 at 4.58%$605.05
118,300 at 4.59%$605.75
118,300 at 4.6%$606.46
118,300 at 4.61%$607.17
118,300 at 4.62%$607.87
118,300 at 4.63%$608.58
118,300 at 4.64%$609.29
118,300 at 4.65%$610.00
118,300 at 4.66%$610.71
118,300 at 4.67%$611.42
118,300 at 4.68%$612.13
118,300 at 4.69%$612.84
118,300 at 4.7%$613.55
118,300 at 4.71%$614.26
118,300 at 4.72%$614.97
118,300 at 4.73%$615.68
118,300 at 4.74%$616.40
118,300 at 4.75%$617.11
118,300 at 4.76%$617.82
118,300 at 4.77%$618.54
118,300 at 4.78%$619.25
118,300 at 4.79%$619.96
118,300 at 4.8%$620.68
118,300 at 4.81%$621.39
118,300 at 4.82%$622.11
118,300 at 4.83%$622.83
118,300 at 4.84%$623.54
118,300 at 4.85%$624.26
118,300 at 4.86%$624.98
118,300 at 4.87%$625.69
118,300 at 4.88%$626.41
118,300 at 4.89%$627.13
118,300 at 4.9%$627.85
118,300 at 4.91%$628.57
118,300 at 4.92%$629.29
118,300 at 4.93%$630.01
118,300 at 4.94%$630.73
118,300 at 4.95%$631.45
118,300 at 4.96%$632.17
118,300 at 4.97%$632.89
118,300 at 4.98%$633.61
118,300 at 4.99%$634.34
118,300 at 5%$635.06
Interest Rate 30 Year
118,300 at 5.01%$635.78
118,300 at 5.02%$636.51
118,300 at 5.03%$637.23
118,300 at 5.04%$637.96
118,300 at 5.05%$638.68
118,300 at 5.06%$639.41
118,300 at 5.07%$640.13
118,300 at 5.08%$640.86
118,300 at 5.09%$641.58
118,300 at 5.1%$642.31
118,300 at 5.11%$643.04
118,300 at 5.12%$643.76
118,300 at 5.13%$644.49
118,300 at 5.14%$645.22
118,300 at 5.15%$645.95
118,300 at 5.16%$646.68
118,300 at 5.17%$647.41
118,300 at 5.18%$648.14
118,300 at 5.19%$648.87
118,300 at 5.2%$649.60
118,300 at 5.21%$650.33
118,300 at 5.22%$651.06
118,300 at 5.23%$651.79
118,300 at 5.24%$652.52
118,300 at 5.25%$653.26
118,300 at 5.26%$653.99
118,300 at 5.27%$654.72
118,300 at 5.28%$655.46
118,300 at 5.29%$656.19
118,300 at 5.3%$656.93
118,300 at 5.31%$657.66
118,300 at 5.32%$658.40
118,300 at 5.33%$659.13
118,300 at 5.34%$659.87
118,300 at 5.35%$660.60
118,300 at 5.36%$661.34
118,300 at 5.37%$662.08
118,300 at 5.38%$662.81
118,300 at 5.39%$663.55
118,300 at 5.4%$664.29
118,300 at 5.41%$665.03
118,300 at 5.42%$665.77
118,300 at 5.43%$666.51
118,300 at 5.44%$667.25
118,300 at 5.45%$667.99
118,300 at 5.46%$668.73
118,300 at 5.47%$669.47
118,300 at 5.48%$670.21
118,300 at 5.49%$670.95
118,300 at 5.5%$671.69
118,300 at 5.51%$672.44
118,300 at 5.52%$673.18
118,300 at 5.53%$673.92
118,300 at 5.54%$674.67
118,300 at 5.55%$675.41
118,300 at 5.56%$676.15
118,300 at 5.57%$676.90
118,300 at 5.58%$677.64
118,300 at 5.59%$678.39
118,300 at 5.6%$679.14
118,300 at 5.61%$679.88
118,300 at 5.62%$680.63
118,300 at 5.63%$681.38
118,300 at 5.64%$682.12
118,300 at 5.65%$682.87
118,300 at 5.66%$683.62
118,300 at 5.67%$684.37
118,300 at 5.68%$685.12
118,300 at 5.69%$685.86
118,300 at 5.7%$686.61
118,300 at 5.71%$687.36
118,300 at 5.72%$688.11
118,300 at 5.73%$688.86
118,300 at 5.74%$689.62
118,300 at 5.75%$690.37
118,300 at 5.76%$691.12
118,300 at 5.77%$691.87
118,300 at 5.78%$692.62
118,300 at 5.79%$693.38
118,300 at 5.8%$694.13
118,300 at 5.81%$694.88
118,300 at 5.82%$695.64
118,300 at 5.83%$696.39
118,300 at 5.84%$697.15
118,300 at 5.85%$697.90
118,300 at 5.86%$698.66
118,300 at 5.87%$699.41
118,300 at 5.88%$700.17
118,300 at 5.89%$700.92
118,300 at 5.9%$701.68
118,300 at 5.91%$702.44
118,300 at 5.92%$703.20
118,300 at 5.93%$703.95
118,300 at 5.94%$704.71
118,300 at 5.95%$705.47
118,300 at 5.96%$706.23
118,300 at 5.97%$706.99
118,300 at 5.98%$707.75
118,300 at 5.99%$708.51
118,300 at 6%$709.27
118,300 at 6.01%$710.03
118,300 at 6.02%$710.79
118,300 at 6.03%$711.55
118,300 at 6.04%$712.31
118,300 at 6.05%$713.08
118,300 at 6.06%$713.84
118,300 at 6.07%$714.60
118,300 at 6.08%$715.36
118,300 at 6.09%$716.13
118,300 at 6.1%$716.89
118,300 at 6.11%$717.66
118,300 at 6.12%$718.42
118,300 at 6.13%$719.19
118,300 at 6.14%$719.95
118,300 at 6.15%$720.72
118,300 at 6.16%$721.48
118,300 at 6.17%$722.25
118,300 at 6.18%$723.02
118,300 at 6.19%$723.78
118,300 at 6.2%$724.55
118,300 at 6.21%$725.32
118,300 at 6.22%$726.09
118,300 at 6.23%$726.86
118,300 at 6.24%$727.62
118,300 at 6.25%$728.39
118,300 at 6.26%$729.16
118,300 at 6.27%$729.93
118,300 at 6.28%$730.70
118,300 at 6.29%$731.47
118,300 at 6.3%$732.24
118,300 at 6.31%$733.02
118,300 at 6.32%$733.79
118,300 at 6.33%$734.56
118,300 at 6.34%$735.33
118,300 at 6.35%$736.10
118,300 at 6.36%$736.88
118,300 at 6.37%$737.65
118,300 at 6.38%$738.42
118,300 at 6.39%$739.20
118,300 at 6.4%$739.97
118,300 at 6.41%$740.75
118,300 at 6.42%$741.52
118,300 at 6.43%$742.30
118,300 at 6.44%$743.07
118,300 at 6.45%$743.85
118,300 at 6.46%$744.63
118,300 at 6.47%$745.40
118,300 at 6.48%$746.18
118,300 at 6.49%$746.96
118,300 at 6.5%$747.74
Interest Rate 30 Year
118,300 at 6.51%$748.51
118,300 at 6.52%$749.29
118,300 at 6.53%$750.07
118,300 at 6.54%$750.85
118,300 at 6.55%$751.63
118,300 at 6.56%$752.41
118,300 at 6.57%$753.19
118,300 at 6.58%$753.97
118,300 at 6.59%$754.75
118,300 at 6.6%$755.53
118,300 at 6.61%$756.31
118,300 at 6.62%$757.10
118,300 at 6.63%$757.88
118,300 at 6.64%$758.66
118,300 at 6.65%$759.44
118,300 at 6.66%$760.23
118,300 at 6.67%$761.01
118,300 at 6.68%$761.80
118,300 at 6.69%$762.58
118,300 at 6.7%$763.36
118,300 at 6.71%$764.15
118,300 at 6.72%$764.93
118,300 at 6.73%$765.72
118,300 at 6.74%$766.51
118,300 at 6.75%$767.29
118,300 at 6.76%$768.08
118,300 at 6.77%$768.86
118,300 at 6.78%$769.65
118,300 at 6.79%$770.44
118,300 at 6.8%$771.23
118,300 at 6.81%$772.02
118,300 at 6.82%$772.80
118,300 at 6.83%$773.59
118,300 at 6.84%$774.38
118,300 at 6.85%$775.17
118,300 at 6.86%$775.96
118,300 at 6.87%$776.75
118,300 at 6.88%$777.54
118,300 at 6.89%$778.33
118,300 at 6.9%$779.12
118,300 at 6.91%$779.92
118,300 at 6.92%$780.71
118,300 at 6.93%$781.50
118,300 at 6.94%$782.29
118,300 at 6.95%$783.08
118,300 at 6.96%$783.88
118,300 at 6.97%$784.67
118,300 at 6.98%$785.46
118,300 at 6.99%$786.26
118,300 at 7%$787.05
118,300 at 7.01%$787.85
118,300 at 7.02%$788.64
118,300 at 7.03%$789.44
118,300 at 7.04%$790.23
118,300 at 7.05%$791.03
118,300 at 7.06%$791.83
118,300 at 7.07%$792.62
118,300 at 7.08%$793.42
118,300 at 7.09%$794.22
118,300 at 7.1%$795.01
118,300 at 7.11%$795.81
118,300 at 7.12%$796.61
118,300 at 7.13%$797.41
118,300 at 7.14%$798.21
118,300 at 7.15%$799.01
118,300 at 7.16%$799.81
118,300 at 7.17%$800.61
118,300 at 7.18%$801.41
118,300 at 7.19%$802.21
118,300 at 7.2%$803.01
118,300 at 7.21%$803.81
118,300 at 7.22%$804.61
118,300 at 7.23%$805.41
118,300 at 7.24%$806.21
118,300 at 7.25%$807.01
118,300 at 7.26%$807.82
118,300 at 7.27%$808.62
118,300 at 7.28%$809.42
118,300 at 7.29%$810.23
118,300 at 7.3%$811.03
118,300 at 7.31%$811.83
118,300 at 7.32%$812.64
118,300 at 7.33%$813.44
118,300 at 7.34%$814.25
118,300 at 7.35%$815.05
118,300 at 7.36%$815.86
118,300 at 7.37%$816.67
118,300 at 7.38%$817.47
118,300 at 7.39%$818.28
118,300 at 7.4%$819.09
118,300 at 7.41%$819.89
118,300 at 7.42%$820.70
118,300 at 7.43%$821.51
118,300 at 7.44%$822.32
118,300 at 7.45%$823.12
118,300 at 7.46%$823.93
118,300 at 7.47%$824.74
118,300 at 7.48%$825.55
118,300 at 7.49%$826.36
118,300 at 7.5%$827.17
118,300 at 7.51%$827.98
118,300 at 7.52%$828.79
118,300 at 7.53%$829.60
118,300 at 7.54%$830.41
118,300 at 7.55%$831.22
118,300 at 7.56%$832.04
118,300 at 7.57%$832.85
118,300 at 7.58%$833.66
118,300 at 7.59%$834.47
118,300 at 7.6%$835.29
118,300 at 7.61%$836.10
118,300 at 7.62%$836.91
118,300 at 7.63%$837.73
118,300 at 7.64%$838.54
118,300 at 7.65%$839.36
118,300 at 7.66%$840.17
118,300 at 7.67%$840.99
118,300 at 7.68%$841.80
118,300 at 7.69%$842.62
118,300 at 7.7%$843.43
118,300 at 7.71%$844.25
118,300 at 7.72%$845.06
118,300 at 7.73%$845.88
118,300 at 7.74%$846.70
118,300 at 7.75%$847.52
118,300 at 7.76%$848.33
118,300 at 7.77%$849.15
118,300 at 7.78%$849.97
118,300 at 7.79%$850.79
118,300 at 7.8%$851.61
118,300 at 7.81%$852.43
118,300 at 7.82%$853.25
118,300 at 7.83%$854.06
118,300 at 7.84%$854.88
118,300 at 7.85%$855.71
118,300 at 7.86%$856.53
118,300 at 7.87%$857.35
118,300 at 7.88%$858.17
118,300 at 7.89%$858.99
118,300 at 7.9%$859.81
118,300 at 7.91%$860.63
118,300 at 7.92%$861.46
118,300 at 7.93%$862.28
118,300 at 7.94%$863.10
118,300 at 7.95%$863.92
118,300 at 7.96%$864.75
118,300 at 7.97%$865.57
118,300 at 7.98%$866.39
118,300 at 7.99%$867.22
118,300 at 8%$868.04
More Amounts
What is the down payment for a $118,300 house? How much do you need to put down?
Percent Down Down Payment
1%1,183
2%2,366
3%3,549
4%4,732
5%5,915
6%7,098
7%8,281
8%9,464
9%10,647
10%11,830
11%13,013
12%14,196
13%15,379
14%16,562
15%17,745
16%18,928
17%20,111
18%21,294
19%22,477
20%23,660
Percent Down Down Payment
21%24,843
22%26,026
23%27,209
24%28,392
25%29,575
26%30,758
27%31,941
28%33,124
29%34,307
30%35,490
31%36,673
32%37,856
33%39,039
34%40,222
35%41,405
36%42,588
37%43,771
38%44,954
39%46,137
40%47,320
Percent Down Down Payment
41%48,503
42%49,686
43%50,869
44%52,052
45%53,235
46%54,418
47%55,601
48%56,784
49%57,967
50%59,150
51%60,333
52%61,516
53%62,699
54%63,882
55%65,065
56%66,248
57%67,431
58%68,614
59%69,797
60%70,980
Percent Down Down Payment
61%72,163
62%73,346
63%74,529
64%75,712
65%76,895
66%78,078
67%79,261
68%80,444
69%81,627
70%82,810
71%83,993
72%85,176
73%86,359
74%87,542
75%88,725
76%89,908
77%91,091
78%92,274
79%93,457
80%94,640
Percent Down Down Payment
81%95,823
82%97,006
83%98,189
84%99,372
85%100,555
86%101,738
87%102,921
88%104,104
89%105,287
90%106,470
91%107,653
92%108,836
93%110,019
94%111,202
95%112,385
96%113,568
97%114,751
98%115,934
99%117,117
100%118,300
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.