$119,050 Mortgage for 30 Years

What is the monthly payment of a 119,050 dollar loan?
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Loan Tables for a $119,050 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 119k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $119,050 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
119,050 at 2.01%$440.63
119,050 at 2.02%$441.22
119,050 at 2.03%$441.82
119,050 at 2.04%$442.42
119,050 at 2.05%$443.01
119,050 at 2.06%$443.61
119,050 at 2.07%$444.21
119,050 at 2.08%$444.81
119,050 at 2.09%$445.41
119,050 at 2.1%$446.01
119,050 at 2.11%$446.61
119,050 at 2.12%$447.21
119,050 at 2.13%$447.81
119,050 at 2.14%$448.41
119,050 at 2.15%$449.02
119,050 at 2.16%$449.62
119,050 at 2.17%$450.22
119,050 at 2.18%$450.83
119,050 at 2.19%$451.43
119,050 at 2.2%$452.03
119,050 at 2.21%$452.64
119,050 at 2.22%$453.24
119,050 at 2.23%$453.85
119,050 at 2.24%$454.46
119,050 at 2.25%$455.06
119,050 at 2.26%$455.67
119,050 at 2.27%$456.28
119,050 at 2.28%$456.89
119,050 at 2.29%$457.50
119,050 at 2.3%$458.11
119,050 at 2.31%$458.72
119,050 at 2.32%$459.33
119,050 at 2.33%$459.94
119,050 at 2.34%$460.55
119,050 at 2.35%$461.16
119,050 at 2.36%$461.77
119,050 at 2.37%$462.38
119,050 at 2.38%$463.00
119,050 at 2.39%$463.61
119,050 at 2.4%$464.23
119,050 at 2.41%$464.84
119,050 at 2.42%$465.45
119,050 at 2.43%$466.07
119,050 at 2.44%$466.69
119,050 at 2.45%$467.30
119,050 at 2.46%$467.92
119,050 at 2.47%$468.54
119,050 at 2.48%$469.15
119,050 at 2.49%$469.77
119,050 at 2.5%$470.39
119,050 at 2.51%$471.01
119,050 at 2.52%$471.63
119,050 at 2.53%$472.25
119,050 at 2.54%$472.87
119,050 at 2.55%$473.49
119,050 at 2.56%$474.11
119,050 at 2.57%$474.74
119,050 at 2.58%$475.36
119,050 at 2.59%$475.98
119,050 at 2.6%$476.60
119,050 at 2.61%$477.23
119,050 at 2.62%$477.85
119,050 at 2.63%$478.48
119,050 at 2.64%$479.10
119,050 at 2.65%$479.73
119,050 at 2.66%$480.35
119,050 at 2.67%$480.98
119,050 at 2.68%$481.61
119,050 at 2.69%$482.24
119,050 at 2.7%$482.86
119,050 at 2.71%$483.49
119,050 at 2.72%$484.12
119,050 at 2.73%$484.75
119,050 at 2.74%$485.38
119,050 at 2.75%$486.01
119,050 at 2.76%$486.64
119,050 at 2.77%$487.27
119,050 at 2.78%$487.90
119,050 at 2.79%$488.54
119,050 at 2.8%$489.17
119,050 at 2.81%$489.80
119,050 at 2.82%$490.44
119,050 at 2.83%$491.07
119,050 at 2.84%$491.71
119,050 at 2.85%$492.34
119,050 at 2.86%$492.98
119,050 at 2.87%$493.61
119,050 at 2.88%$494.25
119,050 at 2.89%$494.88
119,050 at 2.9%$495.52
119,050 at 2.91%$496.16
119,050 at 2.92%$496.80
119,050 at 2.93%$497.44
119,050 at 2.94%$498.08
119,050 at 2.95%$498.71
119,050 at 2.96%$499.35
119,050 at 2.97%$500.00
119,050 at 2.98%$500.64
119,050 at 2.99%$501.28
119,050 at 3%$501.92
119,050 at 3.01%$502.56
119,050 at 3.02%$503.20
119,050 at 3.03%$503.85
119,050 at 3.04%$504.49
119,050 at 3.05%$505.14
119,050 at 3.06%$505.78
119,050 at 3.07%$506.43
119,050 at 3.08%$507.07
119,050 at 3.09%$507.72
119,050 at 3.1%$508.36
119,050 at 3.11%$509.01
119,050 at 3.12%$509.66
119,050 at 3.13%$510.30
119,050 at 3.14%$510.95
119,050 at 3.15%$511.60
119,050 at 3.16%$512.25
119,050 at 3.17%$512.90
119,050 at 3.18%$513.55
119,050 at 3.19%$514.20
119,050 at 3.2%$514.85
119,050 at 3.21%$515.50
119,050 at 3.22%$516.15
119,050 at 3.23%$516.81
119,050 at 3.24%$517.46
119,050 at 3.25%$518.11
119,050 at 3.26%$518.77
119,050 at 3.27%$519.42
119,050 at 3.28%$520.08
119,050 at 3.29%$520.73
119,050 at 3.3%$521.39
119,050 at 3.31%$522.04
119,050 at 3.32%$522.70
119,050 at 3.33%$523.35
119,050 at 3.34%$524.01
119,050 at 3.35%$524.67
119,050 at 3.36%$525.33
119,050 at 3.37%$525.99
119,050 at 3.38%$526.65
119,050 at 3.39%$527.30
119,050 at 3.4%$527.96
119,050 at 3.41%$528.62
119,050 at 3.42%$529.29
119,050 at 3.43%$529.95
119,050 at 3.44%$530.61
119,050 at 3.45%$531.27
119,050 at 3.46%$531.93
119,050 at 3.47%$532.60
119,050 at 3.48%$533.26
119,050 at 3.49%$533.92
119,050 at 3.5%$534.59
Interest Rate 30 Year
119,050 at 3.51%$535.25
119,050 at 3.52%$535.92
119,050 at 3.53%$536.58
119,050 at 3.54%$537.25
119,050 at 3.55%$537.92
119,050 at 3.56%$538.58
119,050 at 3.57%$539.25
119,050 at 3.58%$539.92
119,050 at 3.59%$540.59
119,050 at 3.6%$541.26
119,050 at 3.61%$541.92
119,050 at 3.62%$542.59
119,050 at 3.63%$543.26
119,050 at 3.64%$543.93
119,050 at 3.65%$544.61
119,050 at 3.66%$545.28
119,050 at 3.67%$545.95
119,050 at 3.68%$546.62
119,050 at 3.69%$547.29
119,050 at 3.7%$547.97
119,050 at 3.71%$548.64
119,050 at 3.72%$549.31
119,050 at 3.73%$549.99
119,050 at 3.74%$550.66
119,050 at 3.75%$551.34
119,050 at 3.76%$552.01
119,050 at 3.77%$552.69
119,050 at 3.78%$553.37
119,050 at 3.79%$554.04
119,050 at 3.8%$554.72
119,050 at 3.81%$555.40
119,050 at 3.82%$556.08
119,050 at 3.83%$556.76
119,050 at 3.84%$557.44
119,050 at 3.85%$558.12
119,050 at 3.86%$558.80
119,050 at 3.87%$559.48
119,050 at 3.88%$560.16
119,050 at 3.89%$560.84
119,050 at 3.9%$561.52
119,050 at 3.91%$562.20
119,050 at 3.92%$562.89
119,050 at 3.93%$563.57
119,050 at 3.94%$564.25
119,050 at 3.95%$564.94
119,050 at 3.96%$565.62
119,050 at 3.97%$566.31
119,050 at 3.98%$566.99
119,050 at 3.99%$567.68
119,050 at 4%$568.36
119,050 at 4.01%$569.05
119,050 at 4.02%$569.74
119,050 at 4.03%$570.42
119,050 at 4.04%$571.11
119,050 at 4.05%$571.80
119,050 at 4.06%$572.49
119,050 at 4.07%$573.18
119,050 at 4.08%$573.87
119,050 at 4.09%$574.56
119,050 at 4.1%$575.25
119,050 at 4.11%$575.94
119,050 at 4.12%$576.63
119,050 at 4.13%$577.32
119,050 at 4.14%$578.01
119,050 at 4.15%$578.71
119,050 at 4.16%$579.40
119,050 at 4.17%$580.09
119,050 at 4.18%$580.79
119,050 at 4.19%$581.48
119,050 at 4.2%$582.17
119,050 at 4.21%$582.87
119,050 at 4.22%$583.57
119,050 at 4.23%$584.26
119,050 at 4.24%$584.96
119,050 at 4.25%$585.65
119,050 at 4.26%$586.35
119,050 at 4.27%$587.05
119,050 at 4.28%$587.75
119,050 at 4.29%$588.45
119,050 at 4.3%$589.14
119,050 at 4.31%$589.84
119,050 at 4.32%$590.54
119,050 at 4.33%$591.24
119,050 at 4.34%$591.94
119,050 at 4.35%$592.64
119,050 at 4.36%$593.35
119,050 at 4.37%$594.05
119,050 at 4.38%$594.75
119,050 at 4.39%$595.45
119,050 at 4.4%$596.16
119,050 at 4.41%$596.86
119,050 at 4.42%$597.56
119,050 at 4.43%$598.27
119,050 at 4.44%$598.97
119,050 at 4.45%$599.68
119,050 at 4.46%$600.38
119,050 at 4.47%$601.09
119,050 at 4.48%$601.79
119,050 at 4.49%$602.50
119,050 at 4.5%$603.21
119,050 at 4.51%$603.92
119,050 at 4.52%$604.62
119,050 at 4.53%$605.33
119,050 at 4.54%$606.04
119,050 at 4.55%$606.75
119,050 at 4.56%$607.46
119,050 at 4.57%$608.17
119,050 at 4.58%$608.88
119,050 at 4.59%$609.59
119,050 at 4.6%$610.30
119,050 at 4.61%$611.01
119,050 at 4.62%$611.73
119,050 at 4.63%$612.44
119,050 at 4.64%$613.15
119,050 at 4.65%$613.87
119,050 at 4.66%$614.58
119,050 at 4.67%$615.29
119,050 at 4.68%$616.01
119,050 at 4.69%$616.72
119,050 at 4.7%$617.44
119,050 at 4.71%$618.15
119,050 at 4.72%$618.87
119,050 at 4.73%$619.59
119,050 at 4.74%$620.30
119,050 at 4.75%$621.02
119,050 at 4.76%$621.74
119,050 at 4.77%$622.46
119,050 at 4.78%$623.18
119,050 at 4.79%$623.89
119,050 at 4.8%$624.61
119,050 at 4.81%$625.33
119,050 at 4.82%$626.05
119,050 at 4.83%$626.77
119,050 at 4.84%$627.50
119,050 at 4.85%$628.22
119,050 at 4.86%$628.94
119,050 at 4.87%$629.66
119,050 at 4.88%$630.38
119,050 at 4.89%$631.11
119,050 at 4.9%$631.83
119,050 at 4.91%$632.55
119,050 at 4.92%$633.28
119,050 at 4.93%$634.00
119,050 at 4.94%$634.73
119,050 at 4.95%$635.45
119,050 at 4.96%$636.18
119,050 at 4.97%$636.91
119,050 at 4.98%$637.63
119,050 at 4.99%$638.36
119,050 at 5%$639.09
Interest Rate 30 Year
119,050 at 5.01%$639.81
119,050 at 5.02%$640.54
119,050 at 5.03%$641.27
119,050 at 5.04%$642.00
119,050 at 5.05%$642.73
119,050 at 5.06%$643.46
119,050 at 5.07%$644.19
119,050 at 5.08%$644.92
119,050 at 5.09%$645.65
119,050 at 5.1%$646.38
119,050 at 5.11%$647.11
119,050 at 5.12%$647.85
119,050 at 5.13%$648.58
119,050 at 5.14%$649.31
119,050 at 5.15%$650.04
119,050 at 5.16%$650.78
119,050 at 5.17%$651.51
119,050 at 5.18%$652.25
119,050 at 5.19%$652.98
119,050 at 5.2%$653.72
119,050 at 5.21%$654.45
119,050 at 5.22%$655.19
119,050 at 5.23%$655.92
119,050 at 5.24%$656.66
119,050 at 5.25%$657.40
119,050 at 5.26%$658.14
119,050 at 5.27%$658.87
119,050 at 5.28%$659.61
119,050 at 5.29%$660.35
119,050 at 5.3%$661.09
119,050 at 5.31%$661.83
119,050 at 5.32%$662.57
119,050 at 5.33%$663.31
119,050 at 5.34%$664.05
119,050 at 5.35%$664.79
119,050 at 5.36%$665.53
119,050 at 5.37%$666.27
119,050 at 5.38%$667.02
119,050 at 5.39%$667.76
119,050 at 5.4%$668.50
119,050 at 5.41%$669.25
119,050 at 5.42%$669.99
119,050 at 5.43%$670.73
119,050 at 5.44%$671.48
119,050 at 5.45%$672.22
119,050 at 5.46%$672.97
119,050 at 5.47%$673.71
119,050 at 5.48%$674.46
119,050 at 5.49%$675.21
119,050 at 5.5%$675.95
119,050 at 5.51%$676.70
119,050 at 5.52%$677.45
119,050 at 5.53%$678.20
119,050 at 5.54%$678.94
119,050 at 5.55%$679.69
119,050 at 5.56%$680.44
119,050 at 5.57%$681.19
119,050 at 5.58%$681.94
119,050 at 5.59%$682.69
119,050 at 5.6%$683.44
119,050 at 5.61%$684.19
119,050 at 5.62%$684.94
119,050 at 5.63%$685.69
119,050 at 5.64%$686.45
119,050 at 5.65%$687.20
119,050 at 5.66%$687.95
119,050 at 5.67%$688.71
119,050 at 5.68%$689.46
119,050 at 5.69%$690.21
119,050 at 5.7%$690.97
119,050 at 5.71%$691.72
119,050 at 5.72%$692.48
119,050 at 5.73%$693.23
119,050 at 5.74%$693.99
119,050 at 5.75%$694.74
119,050 at 5.76%$695.50
119,050 at 5.77%$696.26
119,050 at 5.78%$697.01
119,050 at 5.79%$697.77
119,050 at 5.8%$698.53
119,050 at 5.81%$699.29
119,050 at 5.82%$700.05
119,050 at 5.83%$700.81
119,050 at 5.84%$701.56
119,050 at 5.85%$702.32
119,050 at 5.86%$703.08
119,050 at 5.87%$703.85
119,050 at 5.88%$704.61
119,050 at 5.89%$705.37
119,050 at 5.9%$706.13
119,050 at 5.91%$706.89
119,050 at 5.92%$707.65
119,050 at 5.93%$708.42
119,050 at 5.94%$709.18
119,050 at 5.95%$709.94
119,050 at 5.96%$710.71
119,050 at 5.97%$711.47
119,050 at 5.98%$712.23
119,050 at 5.99%$713.00
119,050 at 6%$713.76
119,050 at 6.01%$714.53
119,050 at 6.02%$715.30
119,050 at 6.03%$716.06
119,050 at 6.04%$716.83
119,050 at 6.05%$717.60
119,050 at 6.06%$718.36
119,050 at 6.07%$719.13
119,050 at 6.08%$719.90
119,050 at 6.09%$720.67
119,050 at 6.1%$721.44
119,050 at 6.11%$722.21
119,050 at 6.12%$722.98
119,050 at 6.13%$723.75
119,050 at 6.14%$724.52
119,050 at 6.15%$725.29
119,050 at 6.16%$726.06
119,050 at 6.17%$726.83
119,050 at 6.18%$727.60
119,050 at 6.19%$728.37
119,050 at 6.2%$729.14
119,050 at 6.21%$729.92
119,050 at 6.22%$730.69
119,050 at 6.23%$731.46
119,050 at 6.24%$732.24
119,050 at 6.25%$733.01
119,050 at 6.26%$733.79
119,050 at 6.27%$734.56
119,050 at 6.28%$735.34
119,050 at 6.29%$736.11
119,050 at 6.3%$736.89
119,050 at 6.31%$737.66
119,050 at 6.32%$738.44
119,050 at 6.33%$739.22
119,050 at 6.34%$739.99
119,050 at 6.35%$740.77
119,050 at 6.36%$741.55
119,050 at 6.37%$742.33
119,050 at 6.38%$743.11
119,050 at 6.39%$743.89
119,050 at 6.4%$744.66
119,050 at 6.41%$745.44
119,050 at 6.42%$746.22
119,050 at 6.43%$747.00
119,050 at 6.44%$747.79
119,050 at 6.45%$748.57
119,050 at 6.46%$749.35
119,050 at 6.47%$750.13
119,050 at 6.48%$750.91
119,050 at 6.49%$751.69
119,050 at 6.5%$752.48
Interest Rate 30 Year
119,050 at 6.51%$753.26
119,050 at 6.52%$754.04
119,050 at 6.53%$754.83
119,050 at 6.54%$755.61
119,050 at 6.55%$756.40
119,050 at 6.56%$757.18
119,050 at 6.57%$757.97
119,050 at 6.58%$758.75
119,050 at 6.59%$759.54
119,050 at 6.6%$760.32
119,050 at 6.61%$761.11
119,050 at 6.62%$761.90
119,050 at 6.63%$762.68
119,050 at 6.64%$763.47
119,050 at 6.65%$764.26
119,050 at 6.66%$765.05
119,050 at 6.67%$765.84
119,050 at 6.68%$766.62
119,050 at 6.69%$767.41
119,050 at 6.7%$768.20
119,050 at 6.71%$768.99
119,050 at 6.72%$769.78
119,050 at 6.73%$770.57
119,050 at 6.74%$771.36
119,050 at 6.75%$772.16
119,050 at 6.76%$772.95
119,050 at 6.77%$773.74
119,050 at 6.78%$774.53
119,050 at 6.79%$775.32
119,050 at 6.8%$776.12
119,050 at 6.81%$776.91
119,050 at 6.82%$777.70
119,050 at 6.83%$778.50
119,050 at 6.84%$779.29
119,050 at 6.85%$780.09
119,050 at 6.86%$780.88
119,050 at 6.87%$781.68
119,050 at 6.88%$782.47
119,050 at 6.89%$783.27
119,050 at 6.9%$784.06
119,050 at 6.91%$784.86
119,050 at 6.92%$785.66
119,050 at 6.93%$786.45
119,050 at 6.94%$787.25
119,050 at 6.95%$788.05
119,050 at 6.96%$788.85
119,050 at 6.97%$789.65
119,050 at 6.98%$790.44
119,050 at 6.99%$791.24
119,050 at 7%$792.04
119,050 at 7.01%$792.84
119,050 at 7.02%$793.64
119,050 at 7.03%$794.44
119,050 at 7.04%$795.24
119,050 at 7.05%$796.04
119,050 at 7.06%$796.85
119,050 at 7.07%$797.65
119,050 at 7.08%$798.45
119,050 at 7.09%$799.25
119,050 at 7.1%$800.05
119,050 at 7.11%$800.86
119,050 at 7.12%$801.66
119,050 at 7.13%$802.46
119,050 at 7.14%$803.27
119,050 at 7.15%$804.07
119,050 at 7.16%$804.88
119,050 at 7.17%$805.68
119,050 at 7.18%$806.49
119,050 at 7.19%$807.29
119,050 at 7.2%$808.10
119,050 at 7.21%$808.90
119,050 at 7.22%$809.71
119,050 at 7.23%$810.52
119,050 at 7.24%$811.32
119,050 at 7.25%$812.13
119,050 at 7.26%$812.94
119,050 at 7.27%$813.75
119,050 at 7.28%$814.55
119,050 at 7.29%$815.36
119,050 at 7.3%$816.17
119,050 at 7.31%$816.98
119,050 at 7.32%$817.79
119,050 at 7.33%$818.60
119,050 at 7.34%$819.41
119,050 at 7.35%$820.22
119,050 at 7.36%$821.03
119,050 at 7.37%$821.84
119,050 at 7.38%$822.65
119,050 at 7.39%$823.47
119,050 at 7.4%$824.28
119,050 at 7.41%$825.09
119,050 at 7.42%$825.90
119,050 at 7.43%$826.72
119,050 at 7.44%$827.53
119,050 at 7.45%$828.34
119,050 at 7.46%$829.16
119,050 at 7.47%$829.97
119,050 at 7.48%$830.79
119,050 at 7.49%$831.60
119,050 at 7.5%$832.41
119,050 at 7.51%$833.23
119,050 at 7.52%$834.05
119,050 at 7.53%$834.86
119,050 at 7.54%$835.68
119,050 at 7.55%$836.49
119,050 at 7.56%$837.31
119,050 at 7.57%$838.13
119,050 at 7.58%$838.95
119,050 at 7.59%$839.76
119,050 at 7.6%$840.58
119,050 at 7.61%$841.40
119,050 at 7.62%$842.22
119,050 at 7.63%$843.04
119,050 at 7.64%$843.86
119,050 at 7.65%$844.68
119,050 at 7.66%$845.50
119,050 at 7.67%$846.32
119,050 at 7.68%$847.14
119,050 at 7.69%$847.96
119,050 at 7.7%$848.78
119,050 at 7.71%$849.60
119,050 at 7.72%$850.42
119,050 at 7.73%$851.24
119,050 at 7.74%$852.07
119,050 at 7.75%$852.89
119,050 at 7.76%$853.71
119,050 at 7.77%$854.53
119,050 at 7.78%$855.36
119,050 at 7.79%$856.18
119,050 at 7.8%$857.01
119,050 at 7.81%$857.83
119,050 at 7.82%$858.65
119,050 at 7.83%$859.48
119,050 at 7.84%$860.30
119,050 at 7.85%$861.13
119,050 at 7.86%$861.96
119,050 at 7.87%$862.78
119,050 at 7.88%$863.61
119,050 at 7.89%$864.43
119,050 at 7.9%$865.26
119,050 at 7.91%$866.09
119,050 at 7.92%$866.92
119,050 at 7.93%$867.74
119,050 at 7.94%$868.57
119,050 at 7.95%$869.40
119,050 at 7.96%$870.23
119,050 at 7.97%$871.06
119,050 at 7.98%$871.89
119,050 at 7.99%$872.72
119,050 at 8%$873.55
More Amounts
What is the down payment for a $119,050 house? How much do you need to put down?
Percent Down Down Payment
1%1,191
2%2,381
3%3,572
4%4,762
5%5,953
6%7,143
7%8,334
8%9,524
9%10,715
10%11,905
11%13,096
12%14,286
13%15,477
14%16,667
15%17,858
16%19,048
17%20,239
18%21,429
19%22,620
20%23,810
Percent Down Down Payment
21%25,001
22%26,191
23%27,382
24%28,572
25%29,763
26%30,953
27%32,144
28%33,334
29%34,525
30%35,715
31%36,906
32%38,096
33%39,287
34%40,477
35%41,668
36%42,858
37%44,049
38%45,239
39%46,430
40%47,620
Percent Down Down Payment
41%48,811
42%50,001
43%51,192
44%52,382
45%53,573
46%54,763
47%55,954
48%57,144
49%58,335
50%59,525
51%60,716
52%61,906
53%63,097
54%64,287
55%65,478
56%66,668
57%67,859
58%69,049
59%70,240
60%71,430
Percent Down Down Payment
61%72,621
62%73,811
63%75,002
64%76,192
65%77,383
66%78,573
67%79,764
68%80,954
69%82,145
70%83,335
71%84,526
72%85,716
73%86,907
74%88,097
75%89,288
76%90,478
77%91,669
78%92,859
79%94,050
80%95,240
Percent Down Down Payment
81%96,431
82%97,621
83%98,812
84%100,002
85%101,193
86%102,383
87%103,574
88%104,764
89%105,955
90%107,145
91%108,336
92%109,526
93%110,717
94%111,907
95%113,098
96%114,288
97%115,479
98%116,669
99%117,860
100%119,050
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.