$119,400 Mortgage for 30 Years

What is the monthly payment of a 119,400 dollar loan?
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Loan Tables for a $119,400 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 $119,400 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
119,400 at 2.01%$441.92
119,400 at 2.02%$442.52
119,400 at 2.03%$443.12
119,400 at 2.04%$443.72
119,400 at 2.05%$444.32
119,400 at 2.06%$444.92
119,400 at 2.07%$445.52
119,400 at 2.08%$446.12
119,400 at 2.09%$446.72
119,400 at 2.1%$447.32
119,400 at 2.11%$447.92
119,400 at 2.12%$448.53
119,400 at 2.13%$449.13
119,400 at 2.14%$449.73
119,400 at 2.15%$450.34
119,400 at 2.16%$450.94
119,400 at 2.17%$451.55
119,400 at 2.18%$452.15
119,400 at 2.19%$452.76
119,400 at 2.2%$453.36
119,400 at 2.21%$453.97
119,400 at 2.22%$454.58
119,400 at 2.23%$455.18
119,400 at 2.24%$455.79
119,400 at 2.25%$456.40
119,400 at 2.26%$457.01
119,400 at 2.27%$457.62
119,400 at 2.28%$458.23
119,400 at 2.29%$458.84
119,400 at 2.3%$459.45
119,400 at 2.31%$460.06
119,400 at 2.32%$460.68
119,400 at 2.33%$461.29
119,400 at 2.34%$461.90
119,400 at 2.35%$462.52
119,400 at 2.36%$463.13
119,400 at 2.37%$463.74
119,400 at 2.38%$464.36
119,400 at 2.39%$464.97
119,400 at 2.4%$465.59
119,400 at 2.41%$466.21
119,400 at 2.42%$466.82
119,400 at 2.43%$467.44
119,400 at 2.44%$468.06
119,400 at 2.45%$468.68
119,400 at 2.46%$469.29
119,400 at 2.47%$469.91
119,400 at 2.48%$470.53
119,400 at 2.49%$471.15
119,400 at 2.5%$471.77
119,400 at 2.51%$472.40
119,400 at 2.52%$473.02
119,400 at 2.53%$473.64
119,400 at 2.54%$474.26
119,400 at 2.55%$474.88
119,400 at 2.56%$475.51
119,400 at 2.57%$476.13
119,400 at 2.58%$476.76
119,400 at 2.59%$477.38
119,400 at 2.6%$478.01
119,400 at 2.61%$478.63
119,400 at 2.62%$479.26
119,400 at 2.63%$479.88
119,400 at 2.64%$480.51
119,400 at 2.65%$481.14
119,400 at 2.66%$481.77
119,400 at 2.67%$482.40
119,400 at 2.68%$483.02
119,400 at 2.69%$483.65
119,400 at 2.7%$484.28
119,400 at 2.71%$484.91
119,400 at 2.72%$485.54
119,400 at 2.73%$486.18
119,400 at 2.74%$486.81
119,400 at 2.75%$487.44
119,400 at 2.76%$488.07
119,400 at 2.77%$488.71
119,400 at 2.78%$489.34
119,400 at 2.79%$489.97
119,400 at 2.8%$490.61
119,400 at 2.81%$491.24
119,400 at 2.82%$491.88
119,400 at 2.83%$492.51
119,400 at 2.84%$493.15
119,400 at 2.85%$493.79
119,400 at 2.86%$494.42
119,400 at 2.87%$495.06
119,400 at 2.88%$495.70
119,400 at 2.89%$496.34
119,400 at 2.9%$496.98
119,400 at 2.91%$497.62
119,400 at 2.92%$498.26
119,400 at 2.93%$498.90
119,400 at 2.94%$499.54
119,400 at 2.95%$500.18
119,400 at 2.96%$500.82
119,400 at 2.97%$501.47
119,400 at 2.98%$502.11
119,400 at 2.99%$502.75
119,400 at 3%$503.40
119,400 at 3.01%$504.04
119,400 at 3.02%$504.68
119,400 at 3.03%$505.33
119,400 at 3.04%$505.97
119,400 at 3.05%$506.62
119,400 at 3.06%$507.27
119,400 at 3.07%$507.91
119,400 at 3.08%$508.56
119,400 at 3.09%$509.21
119,400 at 3.1%$509.86
119,400 at 3.11%$510.51
119,400 at 3.12%$511.16
119,400 at 3.13%$511.81
119,400 at 3.14%$512.46
119,400 at 3.15%$513.11
119,400 at 3.16%$513.76
119,400 at 3.17%$514.41
119,400 at 3.18%$515.06
119,400 at 3.19%$515.71
119,400 at 3.2%$516.37
119,400 at 3.21%$517.02
119,400 at 3.22%$517.67
119,400 at 3.23%$518.33
119,400 at 3.24%$518.98
119,400 at 3.25%$519.64
119,400 at 3.26%$520.29
119,400 at 3.27%$520.95
119,400 at 3.28%$521.60
119,400 at 3.29%$522.26
119,400 at 3.3%$522.92
119,400 at 3.31%$523.58
119,400 at 3.32%$524.23
119,400 at 3.33%$524.89
119,400 at 3.34%$525.55
119,400 at 3.35%$526.21
119,400 at 3.36%$526.87
119,400 at 3.37%$527.53
119,400 at 3.38%$528.19
119,400 at 3.39%$528.85
119,400 at 3.4%$529.52
119,400 at 3.41%$530.18
119,400 at 3.42%$530.84
119,400 at 3.43%$531.50
119,400 at 3.44%$532.17
119,400 at 3.45%$532.83
119,400 at 3.46%$533.50
119,400 at 3.47%$534.16
119,400 at 3.48%$534.83
119,400 at 3.49%$535.49
119,400 at 3.5%$536.16
Interest Rate 30 Year
119,400 at 3.51%$536.83
119,400 at 3.52%$537.49
119,400 at 3.53%$538.16
119,400 at 3.54%$538.83
119,400 at 3.55%$539.50
119,400 at 3.56%$540.17
119,400 at 3.57%$540.84
119,400 at 3.58%$541.51
119,400 at 3.59%$542.18
119,400 at 3.6%$542.85
119,400 at 3.61%$543.52
119,400 at 3.62%$544.19
119,400 at 3.63%$544.86
119,400 at 3.64%$545.53
119,400 at 3.65%$546.21
119,400 at 3.66%$546.88
119,400 at 3.67%$547.55
119,400 at 3.68%$548.23
119,400 at 3.69%$548.90
119,400 at 3.7%$549.58
119,400 at 3.71%$550.25
119,400 at 3.72%$550.93
119,400 at 3.73%$551.61
119,400 at 3.74%$552.28
119,400 at 3.75%$552.96
119,400 at 3.76%$553.64
119,400 at 3.77%$554.32
119,400 at 3.78%$554.99
119,400 at 3.79%$555.67
119,400 at 3.8%$556.35
119,400 at 3.81%$557.03
119,400 at 3.82%$557.71
119,400 at 3.83%$558.39
119,400 at 3.84%$559.08
119,400 at 3.85%$559.76
119,400 at 3.86%$560.44
119,400 at 3.87%$561.12
119,400 at 3.88%$561.80
119,400 at 3.89%$562.49
119,400 at 3.9%$563.17
119,400 at 3.91%$563.86
119,400 at 3.92%$564.54
119,400 at 3.93%$565.23
119,400 at 3.94%$565.91
119,400 at 3.95%$566.60
119,400 at 3.96%$567.28
119,400 at 3.97%$567.97
119,400 at 3.98%$568.66
119,400 at 3.99%$569.35
119,400 at 4%$570.03
119,400 at 4.01%$570.72
119,400 at 4.02%$571.41
119,400 at 4.03%$572.10
119,400 at 4.04%$572.79
119,400 at 4.05%$573.48
119,400 at 4.06%$574.17
119,400 at 4.07%$574.86
119,400 at 4.08%$575.55
119,400 at 4.09%$576.25
119,400 at 4.1%$576.94
119,400 at 4.11%$577.63
119,400 at 4.12%$578.32
119,400 at 4.13%$579.02
119,400 at 4.14%$579.71
119,400 at 4.15%$580.41
119,400 at 4.16%$581.10
119,400 at 4.17%$581.80
119,400 at 4.18%$582.49
119,400 at 4.19%$583.19
119,400 at 4.2%$583.89
119,400 at 4.21%$584.58
119,400 at 4.22%$585.28
119,400 at 4.23%$585.98
119,400 at 4.24%$586.68
119,400 at 4.25%$587.38
119,400 at 4.26%$588.08
119,400 at 4.27%$588.78
119,400 at 4.28%$589.48
119,400 at 4.29%$590.18
119,400 at 4.3%$590.88
119,400 at 4.31%$591.58
119,400 at 4.32%$592.28
119,400 at 4.33%$592.98
119,400 at 4.34%$593.68
119,400 at 4.35%$594.39
119,400 at 4.36%$595.09
119,400 at 4.37%$595.79
119,400 at 4.38%$596.50
119,400 at 4.39%$597.20
119,400 at 4.4%$597.91
119,400 at 4.41%$598.61
119,400 at 4.42%$599.32
119,400 at 4.43%$600.03
119,400 at 4.44%$600.73
119,400 at 4.45%$601.44
119,400 at 4.46%$602.15
119,400 at 4.47%$602.86
119,400 at 4.48%$603.56
119,400 at 4.49%$604.27
119,400 at 4.5%$604.98
119,400 at 4.51%$605.69
119,400 at 4.52%$606.40
119,400 at 4.53%$607.11
119,400 at 4.54%$607.82
119,400 at 4.55%$608.53
119,400 at 4.56%$609.25
119,400 at 4.57%$609.96
119,400 at 4.58%$610.67
119,400 at 4.59%$611.38
119,400 at 4.6%$612.10
119,400 at 4.61%$612.81
119,400 at 4.62%$613.53
119,400 at 4.63%$614.24
119,400 at 4.64%$614.95
119,400 at 4.65%$615.67
119,400 at 4.66%$616.39
119,400 at 4.67%$617.10
119,400 at 4.68%$617.82
119,400 at 4.69%$618.54
119,400 at 4.7%$619.25
119,400 at 4.71%$619.97
119,400 at 4.72%$620.69
119,400 at 4.73%$621.41
119,400 at 4.74%$622.13
119,400 at 4.75%$622.85
119,400 at 4.76%$623.57
119,400 at 4.77%$624.29
119,400 at 4.78%$625.01
119,400 at 4.79%$625.73
119,400 at 4.8%$626.45
119,400 at 4.81%$627.17
119,400 at 4.82%$627.89
119,400 at 4.83%$628.62
119,400 at 4.84%$629.34
119,400 at 4.85%$630.06
119,400 at 4.86%$630.79
119,400 at 4.87%$631.51
119,400 at 4.88%$632.24
119,400 at 4.89%$632.96
119,400 at 4.9%$633.69
119,400 at 4.91%$634.41
119,400 at 4.92%$635.14
119,400 at 4.93%$635.87
119,400 at 4.94%$636.59
119,400 at 4.95%$637.32
119,400 at 4.96%$638.05
119,400 at 4.97%$638.78
119,400 at 4.98%$639.51
119,400 at 4.99%$640.24
119,400 at 5%$640.97
Interest Rate 30 Year
119,400 at 5.01%$641.69
119,400 at 5.02%$642.43
119,400 at 5.03%$643.16
119,400 at 5.04%$643.89
119,400 at 5.05%$644.62
119,400 at 5.06%$645.35
119,400 at 5.07%$646.08
119,400 at 5.08%$646.82
119,400 at 5.09%$647.55
119,400 at 5.1%$648.28
119,400 at 5.11%$649.02
119,400 at 5.12%$649.75
119,400 at 5.13%$650.48
119,400 at 5.14%$651.22
119,400 at 5.15%$651.96
119,400 at 5.16%$652.69
119,400 at 5.17%$653.43
119,400 at 5.18%$654.16
119,400 at 5.19%$654.90
119,400 at 5.2%$655.64
119,400 at 5.21%$656.38
119,400 at 5.22%$657.11
119,400 at 5.23%$657.85
119,400 at 5.24%$658.59
119,400 at 5.25%$659.33
119,400 at 5.26%$660.07
119,400 at 5.27%$660.81
119,400 at 5.28%$661.55
119,400 at 5.29%$662.29
119,400 at 5.3%$663.03
119,400 at 5.31%$663.78
119,400 at 5.32%$664.52
119,400 at 5.33%$665.26
119,400 at 5.34%$666.00
119,400 at 5.35%$666.75
119,400 at 5.36%$667.49
119,400 at 5.37%$668.23
119,400 at 5.38%$668.98
119,400 at 5.39%$669.72
119,400 at 5.4%$670.47
119,400 at 5.41%$671.21
119,400 at 5.42%$671.96
119,400 at 5.43%$672.71
119,400 at 5.44%$673.45
119,400 at 5.45%$674.20
119,400 at 5.46%$674.95
119,400 at 5.47%$675.69
119,400 at 5.48%$676.44
119,400 at 5.49%$677.19
119,400 at 5.5%$677.94
119,400 at 5.51%$678.69
119,400 at 5.52%$679.44
119,400 at 5.53%$680.19
119,400 at 5.54%$680.94
119,400 at 5.55%$681.69
119,400 at 5.56%$682.44
119,400 at 5.57%$683.19
119,400 at 5.58%$683.95
119,400 at 5.59%$684.70
119,400 at 5.6%$685.45
119,400 at 5.61%$686.20
119,400 at 5.62%$686.96
119,400 at 5.63%$687.71
119,400 at 5.64%$688.46
119,400 at 5.65%$689.22
119,400 at 5.66%$689.97
119,400 at 5.67%$690.73
119,400 at 5.68%$691.49
119,400 at 5.69%$692.24
119,400 at 5.7%$693.00
119,400 at 5.71%$693.75
119,400 at 5.72%$694.51
119,400 at 5.73%$695.27
119,400 at 5.74%$696.03
119,400 at 5.75%$696.79
119,400 at 5.76%$697.54
119,400 at 5.77%$698.30
119,400 at 5.78%$699.06
119,400 at 5.79%$699.82
119,400 at 5.8%$700.58
119,400 at 5.81%$701.34
119,400 at 5.82%$702.10
119,400 at 5.83%$702.87
119,400 at 5.84%$703.63
119,400 at 5.85%$704.39
119,400 at 5.86%$705.15
119,400 at 5.87%$705.91
119,400 at 5.88%$706.68
119,400 at 5.89%$707.44
119,400 at 5.9%$708.20
119,400 at 5.91%$708.97
119,400 at 5.92%$709.73
119,400 at 5.93%$710.50
119,400 at 5.94%$711.26
119,400 at 5.95%$712.03
119,400 at 5.96%$712.80
119,400 at 5.97%$713.56
119,400 at 5.98%$714.33
119,400 at 5.99%$715.10
119,400 at 6%$715.86
119,400 at 6.01%$716.63
119,400 at 6.02%$717.40
119,400 at 6.03%$718.17
119,400 at 6.04%$718.94
119,400 at 6.05%$719.71
119,400 at 6.06%$720.48
119,400 at 6.07%$721.25
119,400 at 6.08%$722.02
119,400 at 6.09%$722.79
119,400 at 6.1%$723.56
119,400 at 6.11%$724.33
119,400 at 6.12%$725.10
119,400 at 6.13%$725.87
119,400 at 6.14%$726.65
119,400 at 6.15%$727.42
119,400 at 6.16%$728.19
119,400 at 6.17%$728.97
119,400 at 6.18%$729.74
119,400 at 6.19%$730.51
119,400 at 6.2%$731.29
119,400 at 6.21%$732.06
119,400 at 6.22%$732.84
119,400 at 6.23%$733.61
119,400 at 6.24%$734.39
119,400 at 6.25%$735.17
119,400 at 6.26%$735.94
119,400 at 6.27%$736.72
119,400 at 6.28%$737.50
119,400 at 6.29%$738.28
119,400 at 6.3%$739.05
119,400 at 6.31%$739.83
119,400 at 6.32%$740.61
119,400 at 6.33%$741.39
119,400 at 6.34%$742.17
119,400 at 6.35%$742.95
119,400 at 6.36%$743.73
119,400 at 6.37%$744.51
119,400 at 6.38%$745.29
119,400 at 6.39%$746.07
119,400 at 6.4%$746.85
119,400 at 6.41%$747.64
119,400 at 6.42%$748.42
119,400 at 6.43%$749.20
119,400 at 6.44%$749.98
119,400 at 6.45%$750.77
119,400 at 6.46%$751.55
119,400 at 6.47%$752.34
119,400 at 6.48%$753.12
119,400 at 6.49%$753.90
119,400 at 6.5%$754.69
Interest Rate 30 Year
119,400 at 6.51%$755.47
119,400 at 6.52%$756.26
119,400 at 6.53%$757.05
119,400 at 6.54%$757.83
119,400 at 6.55%$758.62
119,400 at 6.56%$759.41
119,400 at 6.57%$760.19
119,400 at 6.58%$760.98
119,400 at 6.59%$761.77
119,400 at 6.6%$762.56
119,400 at 6.61%$763.35
119,400 at 6.62%$764.14
119,400 at 6.63%$764.93
119,400 at 6.64%$765.72
119,400 at 6.65%$766.51
119,400 at 6.66%$767.30
119,400 at 6.67%$768.09
119,400 at 6.68%$768.88
119,400 at 6.69%$769.67
119,400 at 6.7%$770.46
119,400 at 6.71%$771.25
119,400 at 6.72%$772.05
119,400 at 6.73%$772.84
119,400 at 6.74%$773.63
119,400 at 6.75%$774.43
119,400 at 6.76%$775.22
119,400 at 6.77%$776.01
119,400 at 6.78%$776.81
119,400 at 6.79%$777.60
119,400 at 6.8%$778.40
119,400 at 6.81%$779.19
119,400 at 6.82%$779.99
119,400 at 6.83%$780.79
119,400 at 6.84%$781.58
119,400 at 6.85%$782.38
119,400 at 6.86%$783.18
119,400 at 6.87%$783.97
119,400 at 6.88%$784.77
119,400 at 6.89%$785.57
119,400 at 6.9%$786.37
119,400 at 6.91%$787.17
119,400 at 6.92%$787.97
119,400 at 6.93%$788.77
119,400 at 6.94%$789.57
119,400 at 6.95%$790.37
119,400 at 6.96%$791.17
119,400 at 6.97%$791.97
119,400 at 6.98%$792.77
119,400 at 6.99%$793.57
119,400 at 7%$794.37
119,400 at 7.01%$795.17
119,400 at 7.02%$795.98
119,400 at 7.03%$796.78
119,400 at 7.04%$797.58
119,400 at 7.05%$798.38
119,400 at 7.06%$799.19
119,400 at 7.07%$799.99
119,400 at 7.08%$800.80
119,400 at 7.09%$801.60
119,400 at 7.1%$802.41
119,400 at 7.11%$803.21
119,400 at 7.12%$804.02
119,400 at 7.13%$804.82
119,400 at 7.14%$805.63
119,400 at 7.15%$806.44
119,400 at 7.16%$807.24
119,400 at 7.17%$808.05
119,400 at 7.18%$808.86
119,400 at 7.19%$809.66
119,400 at 7.2%$810.47
119,400 at 7.21%$811.28
119,400 at 7.22%$812.09
119,400 at 7.23%$812.90
119,400 at 7.24%$813.71
119,400 at 7.25%$814.52
119,400 at 7.26%$815.33
119,400 at 7.27%$816.14
119,400 at 7.28%$816.95
119,400 at 7.29%$817.76
119,400 at 7.3%$818.57
119,400 at 7.31%$819.38
119,400 at 7.32%$820.20
119,400 at 7.33%$821.01
119,400 at 7.34%$821.82
119,400 at 7.35%$822.63
119,400 at 7.36%$823.45
119,400 at 7.37%$824.26
119,400 at 7.38%$825.07
119,400 at 7.39%$825.89
119,400 at 7.4%$826.70
119,400 at 7.41%$827.52
119,400 at 7.42%$828.33
119,400 at 7.43%$829.15
119,400 at 7.44%$829.96
119,400 at 7.45%$830.78
119,400 at 7.46%$831.59
119,400 at 7.47%$832.41
119,400 at 7.48%$833.23
119,400 at 7.49%$834.04
119,400 at 7.5%$834.86
119,400 at 7.51%$835.68
119,400 at 7.52%$836.50
119,400 at 7.53%$837.32
119,400 at 7.54%$838.13
119,400 at 7.55%$838.95
119,400 at 7.56%$839.77
119,400 at 7.57%$840.59
119,400 at 7.58%$841.41
119,400 at 7.59%$842.23
119,400 at 7.6%$843.05
119,400 at 7.61%$843.87
119,400 at 7.62%$844.70
119,400 at 7.63%$845.52
119,400 at 7.64%$846.34
119,400 at 7.65%$847.16
119,400 at 7.66%$847.98
119,400 at 7.67%$848.80
119,400 at 7.68%$849.63
119,400 at 7.69%$850.45
119,400 at 7.7%$851.27
119,400 at 7.71%$852.10
119,400 at 7.72%$852.92
119,400 at 7.73%$853.75
119,400 at 7.74%$854.57
119,400 at 7.75%$855.40
119,400 at 7.76%$856.22
119,400 at 7.77%$857.05
119,400 at 7.78%$857.87
119,400 at 7.79%$858.70
119,400 at 7.8%$859.53
119,400 at 7.81%$860.35
119,400 at 7.82%$861.18
119,400 at 7.83%$862.01
119,400 at 7.84%$862.83
119,400 at 7.85%$863.66
119,400 at 7.86%$864.49
119,400 at 7.87%$865.32
119,400 at 7.88%$866.15
119,400 at 7.89%$866.98
119,400 at 7.9%$867.81
119,400 at 7.91%$868.64
119,400 at 7.92%$869.47
119,400 at 7.93%$870.30
119,400 at 7.94%$871.13
119,400 at 7.95%$871.96
119,400 at 7.96%$872.79
119,400 at 7.97%$873.62
119,400 at 7.98%$874.45
119,400 at 7.99%$875.28
119,400 at 8%$876.11
More Amounts
What is the down payment for a $119,400 house? How much do you need to put down?
Percent Down Down Payment
1%1,194
2%2,388
3%3,582
4%4,776
5%5,970
6%7,164
7%8,358
8%9,552
9%10,746
10%11,940
11%13,134
12%14,328
13%15,522
14%16,716
15%17,910
16%19,104
17%20,298
18%21,492
19%22,686
20%23,880
Percent Down Down Payment
21%25,074
22%26,268
23%27,462
24%28,656
25%29,850
26%31,044
27%32,238
28%33,432
29%34,626
30%35,820
31%37,014
32%38,208
33%39,402
34%40,596
35%41,790
36%42,984
37%44,178
38%45,372
39%46,566
40%47,760
Percent Down Down Payment
41%48,954
42%50,148
43%51,342
44%52,536
45%53,730
46%54,924
47%56,118
48%57,312
49%58,506
50%59,700
51%60,894
52%62,088
53%63,282
54%64,476
55%65,670
56%66,864
57%68,058
58%69,252
59%70,446
60%71,640
Percent Down Down Payment
61%72,834
62%74,028
63%75,222
64%76,416
65%77,610
66%78,804
67%79,998
68%81,192
69%82,386
70%83,580
71%84,774
72%85,968
73%87,162
74%88,356
75%89,550
76%90,744
77%91,938
78%93,132
79%94,326
80%95,520
Percent Down Down Payment
81%96,714
82%97,908
83%99,102
84%100,296
85%101,490
86%102,684
87%103,878
88%105,072
89%106,266
90%107,460
91%108,654
92%109,848
93%111,042
94%112,236
95%113,430
96%114,624
97%115,818
98%117,012
99%118,206
100%119,400
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.