$119,550 Mortgage for 30 Years

What is the monthly payment of a 119,550 dollar loan?
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Loan Tables for a $119,550 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 120k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $119,550 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
119,550 at 2.01%$442.48
119,550 at 2.02%$443.08
119,550 at 2.03%$443.68
119,550 at 2.04%$444.28
119,550 at 2.05%$444.88
119,550 at 2.06%$445.48
119,550 at 2.07%$446.08
119,550 at 2.08%$446.68
119,550 at 2.09%$447.28
119,550 at 2.1%$447.88
119,550 at 2.11%$448.49
119,550 at 2.12%$449.09
119,550 at 2.13%$449.69
119,550 at 2.14%$450.30
119,550 at 2.15%$450.90
119,550 at 2.16%$451.51
119,550 at 2.17%$452.11
119,550 at 2.18%$452.72
119,550 at 2.19%$453.33
119,550 at 2.2%$453.93
119,550 at 2.21%$454.54
119,550 at 2.22%$455.15
119,550 at 2.23%$455.76
119,550 at 2.24%$456.37
119,550 at 2.25%$456.98
119,550 at 2.26%$457.59
119,550 at 2.27%$458.20
119,550 at 2.28%$458.81
119,550 at 2.29%$459.42
119,550 at 2.3%$460.03
119,550 at 2.31%$460.64
119,550 at 2.32%$461.26
119,550 at 2.33%$461.87
119,550 at 2.34%$462.48
119,550 at 2.35%$463.10
119,550 at 2.36%$463.71
119,550 at 2.37%$464.33
119,550 at 2.38%$464.94
119,550 at 2.39%$465.56
119,550 at 2.4%$466.17
119,550 at 2.41%$466.79
119,550 at 2.42%$467.41
119,550 at 2.43%$468.03
119,550 at 2.44%$468.65
119,550 at 2.45%$469.27
119,550 at 2.46%$469.88
119,550 at 2.47%$470.50
119,550 at 2.48%$471.12
119,550 at 2.49%$471.75
119,550 at 2.5%$472.37
119,550 at 2.51%$472.99
119,550 at 2.52%$473.61
119,550 at 2.53%$474.23
119,550 at 2.54%$474.86
119,550 at 2.55%$475.48
119,550 at 2.56%$476.10
119,550 at 2.57%$476.73
119,550 at 2.58%$477.35
119,550 at 2.59%$477.98
119,550 at 2.6%$478.61
119,550 at 2.61%$479.23
119,550 at 2.62%$479.86
119,550 at 2.63%$480.49
119,550 at 2.64%$481.11
119,550 at 2.65%$481.74
119,550 at 2.66%$482.37
119,550 at 2.67%$483.00
119,550 at 2.68%$483.63
119,550 at 2.69%$484.26
119,550 at 2.7%$484.89
119,550 at 2.71%$485.52
119,550 at 2.72%$486.15
119,550 at 2.73%$486.79
119,550 at 2.74%$487.42
119,550 at 2.75%$488.05
119,550 at 2.76%$488.69
119,550 at 2.77%$489.32
119,550 at 2.78%$489.95
119,550 at 2.79%$490.59
119,550 at 2.8%$491.22
119,550 at 2.81%$491.86
119,550 at 2.82%$492.50
119,550 at 2.83%$493.13
119,550 at 2.84%$493.77
119,550 at 2.85%$494.41
119,550 at 2.86%$495.05
119,550 at 2.87%$495.68
119,550 at 2.88%$496.32
119,550 at 2.89%$496.96
119,550 at 2.9%$497.60
119,550 at 2.91%$498.24
119,550 at 2.92%$498.88
119,550 at 2.93%$499.53
119,550 at 2.94%$500.17
119,550 at 2.95%$500.81
119,550 at 2.96%$501.45
119,550 at 2.97%$502.10
119,550 at 2.98%$502.74
119,550 at 2.99%$503.38
119,550 at 3%$504.03
119,550 at 3.01%$504.67
119,550 at 3.02%$505.32
119,550 at 3.03%$505.96
119,550 at 3.04%$506.61
119,550 at 3.05%$507.26
119,550 at 3.06%$507.90
119,550 at 3.07%$508.55
119,550 at 3.08%$509.20
119,550 at 3.09%$509.85
119,550 at 3.1%$510.50
119,550 at 3.11%$511.15
119,550 at 3.12%$511.80
119,550 at 3.13%$512.45
119,550 at 3.14%$513.10
119,550 at 3.15%$513.75
119,550 at 3.16%$514.40
119,550 at 3.17%$515.05
119,550 at 3.18%$515.71
119,550 at 3.19%$516.36
119,550 at 3.2%$517.01
119,550 at 3.21%$517.67
119,550 at 3.22%$518.32
119,550 at 3.23%$518.98
119,550 at 3.24%$519.63
119,550 at 3.25%$520.29
119,550 at 3.26%$520.95
119,550 at 3.27%$521.60
119,550 at 3.28%$522.26
119,550 at 3.29%$522.92
119,550 at 3.3%$523.58
119,550 at 3.31%$524.23
119,550 at 3.32%$524.89
119,550 at 3.33%$525.55
119,550 at 3.34%$526.21
119,550 at 3.35%$526.87
119,550 at 3.36%$527.53
119,550 at 3.37%$528.20
119,550 at 3.38%$528.86
119,550 at 3.39%$529.52
119,550 at 3.4%$530.18
119,550 at 3.41%$530.84
119,550 at 3.42%$531.51
119,550 at 3.43%$532.17
119,550 at 3.44%$532.84
119,550 at 3.45%$533.50
119,550 at 3.46%$534.17
119,550 at 3.47%$534.83
119,550 at 3.48%$535.50
119,550 at 3.49%$536.17
119,550 at 3.5%$536.83
Interest Rate 30 Year
119,550 at 3.51%$537.50
119,550 at 3.52%$538.17
119,550 at 3.53%$538.84
119,550 at 3.54%$539.51
119,550 at 3.55%$540.18
119,550 at 3.56%$540.84
119,550 at 3.57%$541.52
119,550 at 3.58%$542.19
119,550 at 3.59%$542.86
119,550 at 3.6%$543.53
119,550 at 3.61%$544.20
119,550 at 3.62%$544.87
119,550 at 3.63%$545.55
119,550 at 3.64%$546.22
119,550 at 3.65%$546.89
119,550 at 3.66%$547.57
119,550 at 3.67%$548.24
119,550 at 3.68%$548.92
119,550 at 3.69%$549.59
119,550 at 3.7%$550.27
119,550 at 3.71%$550.94
119,550 at 3.72%$551.62
119,550 at 3.73%$552.30
119,550 at 3.74%$552.98
119,550 at 3.75%$553.65
119,550 at 3.76%$554.33
119,550 at 3.77%$555.01
119,550 at 3.78%$555.69
119,550 at 3.79%$556.37
119,550 at 3.8%$557.05
119,550 at 3.81%$557.73
119,550 at 3.82%$558.41
119,550 at 3.83%$559.10
119,550 at 3.84%$559.78
119,550 at 3.85%$560.46
119,550 at 3.86%$561.14
119,550 at 3.87%$561.83
119,550 at 3.88%$562.51
119,550 at 3.89%$563.19
119,550 at 3.9%$563.88
119,550 at 3.91%$564.56
119,550 at 3.92%$565.25
119,550 at 3.93%$565.94
119,550 at 3.94%$566.62
119,550 at 3.95%$567.31
119,550 at 3.96%$568.00
119,550 at 3.97%$568.68
119,550 at 3.98%$569.37
119,550 at 3.99%$570.06
119,550 at 4%$570.75
119,550 at 4.01%$571.44
119,550 at 4.02%$572.13
119,550 at 4.03%$572.82
119,550 at 4.04%$573.51
119,550 at 4.05%$574.20
119,550 at 4.06%$574.89
119,550 at 4.07%$575.59
119,550 at 4.08%$576.28
119,550 at 4.09%$576.97
119,550 at 4.1%$577.66
119,550 at 4.11%$578.36
119,550 at 4.12%$579.05
119,550 at 4.13%$579.75
119,550 at 4.14%$580.44
119,550 at 4.15%$581.14
119,550 at 4.16%$581.83
119,550 at 4.17%$582.53
119,550 at 4.18%$583.23
119,550 at 4.19%$583.92
119,550 at 4.2%$584.62
119,550 at 4.21%$585.32
119,550 at 4.22%$586.02
119,550 at 4.23%$586.72
119,550 at 4.24%$587.41
119,550 at 4.25%$588.11
119,550 at 4.26%$588.81
119,550 at 4.27%$589.51
119,550 at 4.28%$590.22
119,550 at 4.29%$590.92
119,550 at 4.3%$591.62
119,550 at 4.31%$592.32
119,550 at 4.32%$593.02
119,550 at 4.33%$593.73
119,550 at 4.34%$594.43
119,550 at 4.35%$595.13
119,550 at 4.36%$595.84
119,550 at 4.37%$596.54
119,550 at 4.38%$597.25
119,550 at 4.39%$597.95
119,550 at 4.4%$598.66
119,550 at 4.41%$599.37
119,550 at 4.42%$600.07
119,550 at 4.43%$600.78
119,550 at 4.44%$601.49
119,550 at 4.45%$602.20
119,550 at 4.46%$602.90
119,550 at 4.47%$603.61
119,550 at 4.48%$604.32
119,550 at 4.49%$605.03
119,550 at 4.5%$605.74
119,550 at 4.51%$606.45
119,550 at 4.52%$607.16
119,550 at 4.53%$607.88
119,550 at 4.54%$608.59
119,550 at 4.55%$609.30
119,550 at 4.56%$610.01
119,550 at 4.57%$610.72
119,550 at 4.58%$611.44
119,550 at 4.59%$612.15
119,550 at 4.6%$612.87
119,550 at 4.61%$613.58
119,550 at 4.62%$614.30
119,550 at 4.63%$615.01
119,550 at 4.64%$615.73
119,550 at 4.65%$616.44
119,550 at 4.66%$617.16
119,550 at 4.67%$617.88
119,550 at 4.68%$618.60
119,550 at 4.69%$619.31
119,550 at 4.7%$620.03
119,550 at 4.71%$620.75
119,550 at 4.72%$621.47
119,550 at 4.73%$622.19
119,550 at 4.74%$622.91
119,550 at 4.75%$623.63
119,550 at 4.76%$624.35
119,550 at 4.77%$625.07
119,550 at 4.78%$625.79
119,550 at 4.79%$626.52
119,550 at 4.8%$627.24
119,550 at 4.81%$627.96
119,550 at 4.82%$628.68
119,550 at 4.83%$629.41
119,550 at 4.84%$630.13
119,550 at 4.85%$630.86
119,550 at 4.86%$631.58
119,550 at 4.87%$632.31
119,550 at 4.88%$633.03
119,550 at 4.89%$633.76
119,550 at 4.9%$634.48
119,550 at 4.91%$635.21
119,550 at 4.92%$635.94
119,550 at 4.93%$636.67
119,550 at 4.94%$637.39
119,550 at 4.95%$638.12
119,550 at 4.96%$638.85
119,550 at 4.97%$639.58
119,550 at 4.98%$640.31
119,550 at 4.99%$641.04
119,550 at 5%$641.77
Interest Rate 30 Year
119,550 at 5.01%$642.50
119,550 at 5.02%$643.23
119,550 at 5.03%$643.96
119,550 at 5.04%$644.70
119,550 at 5.05%$645.43
119,550 at 5.06%$646.16
119,550 at 5.07%$646.89
119,550 at 5.08%$647.63
119,550 at 5.09%$648.36
119,550 at 5.1%$649.10
119,550 at 5.11%$649.83
119,550 at 5.12%$650.57
119,550 at 5.13%$651.30
119,550 at 5.14%$652.04
119,550 at 5.15%$652.77
119,550 at 5.16%$653.51
119,550 at 5.17%$654.25
119,550 at 5.18%$654.99
119,550 at 5.19%$655.72
119,550 at 5.2%$656.46
119,550 at 5.21%$657.20
119,550 at 5.22%$657.94
119,550 at 5.23%$658.68
119,550 at 5.24%$659.42
119,550 at 5.25%$660.16
119,550 at 5.26%$660.90
119,550 at 5.27%$661.64
119,550 at 5.28%$662.38
119,550 at 5.29%$663.12
119,550 at 5.3%$663.87
119,550 at 5.31%$664.61
119,550 at 5.32%$665.35
119,550 at 5.33%$666.10
119,550 at 5.34%$666.84
119,550 at 5.35%$667.58
119,550 at 5.36%$668.33
119,550 at 5.37%$669.07
119,550 at 5.38%$669.82
119,550 at 5.39%$670.56
119,550 at 5.4%$671.31
119,550 at 5.41%$672.06
119,550 at 5.42%$672.80
119,550 at 5.43%$673.55
119,550 at 5.44%$674.30
119,550 at 5.45%$675.05
119,550 at 5.46%$675.79
119,550 at 5.47%$676.54
119,550 at 5.48%$677.29
119,550 at 5.49%$678.04
119,550 at 5.5%$678.79
119,550 at 5.51%$679.54
119,550 at 5.52%$680.29
119,550 at 5.53%$681.04
119,550 at 5.54%$681.80
119,550 at 5.55%$682.55
119,550 at 5.56%$683.30
119,550 at 5.57%$684.05
119,550 at 5.58%$684.80
119,550 at 5.59%$685.56
119,550 at 5.6%$686.31
119,550 at 5.61%$687.07
119,550 at 5.62%$687.82
119,550 at 5.63%$688.57
119,550 at 5.64%$689.33
119,550 at 5.65%$690.09
119,550 at 5.66%$690.84
119,550 at 5.67%$691.60
119,550 at 5.68%$692.35
119,550 at 5.69%$693.11
119,550 at 5.7%$693.87
119,550 at 5.71%$694.63
119,550 at 5.72%$695.38
119,550 at 5.73%$696.14
119,550 at 5.74%$696.90
119,550 at 5.75%$697.66
119,550 at 5.76%$698.42
119,550 at 5.77%$699.18
119,550 at 5.78%$699.94
119,550 at 5.79%$700.70
119,550 at 5.8%$701.46
119,550 at 5.81%$702.22
119,550 at 5.82%$702.99
119,550 at 5.83%$703.75
119,550 at 5.84%$704.51
119,550 at 5.85%$705.27
119,550 at 5.86%$706.04
119,550 at 5.87%$706.80
119,550 at 5.88%$707.57
119,550 at 5.89%$708.33
119,550 at 5.9%$709.09
119,550 at 5.91%$709.86
119,550 at 5.92%$710.63
119,550 at 5.93%$711.39
119,550 at 5.94%$712.16
119,550 at 5.95%$712.92
119,550 at 5.96%$713.69
119,550 at 5.97%$714.46
119,550 at 5.98%$715.23
119,550 at 5.99%$715.99
119,550 at 6%$716.76
119,550 at 6.01%$717.53
119,550 at 6.02%$718.30
119,550 at 6.03%$719.07
119,550 at 6.04%$719.84
119,550 at 6.05%$720.61
119,550 at 6.06%$721.38
119,550 at 6.07%$722.15
119,550 at 6.08%$722.92
119,550 at 6.09%$723.69
119,550 at 6.1%$724.47
119,550 at 6.11%$725.24
119,550 at 6.12%$726.01
119,550 at 6.13%$726.78
119,550 at 6.14%$727.56
119,550 at 6.15%$728.33
119,550 at 6.16%$729.11
119,550 at 6.17%$729.88
119,550 at 6.18%$730.66
119,550 at 6.19%$731.43
119,550 at 6.2%$732.21
119,550 at 6.21%$732.98
119,550 at 6.22%$733.76
119,550 at 6.23%$734.54
119,550 at 6.24%$735.31
119,550 at 6.25%$736.09
119,550 at 6.26%$736.87
119,550 at 6.27%$737.65
119,550 at 6.28%$738.42
119,550 at 6.29%$739.20
119,550 at 6.3%$739.98
119,550 at 6.31%$740.76
119,550 at 6.32%$741.54
119,550 at 6.33%$742.32
119,550 at 6.34%$743.10
119,550 at 6.35%$743.88
119,550 at 6.36%$744.66
119,550 at 6.37%$745.45
119,550 at 6.38%$746.23
119,550 at 6.39%$747.01
119,550 at 6.4%$747.79
119,550 at 6.41%$748.58
119,550 at 6.42%$749.36
119,550 at 6.43%$750.14
119,550 at 6.44%$750.93
119,550 at 6.45%$751.71
119,550 at 6.46%$752.50
119,550 at 6.47%$753.28
119,550 at 6.48%$754.07
119,550 at 6.49%$754.85
119,550 at 6.5%$755.64
Interest Rate 30 Year
119,550 at 6.51%$756.42
119,550 at 6.52%$757.21
119,550 at 6.53%$758.00
119,550 at 6.54%$758.78
119,550 at 6.55%$759.57
119,550 at 6.56%$760.36
119,550 at 6.57%$761.15
119,550 at 6.58%$761.94
119,550 at 6.59%$762.73
119,550 at 6.6%$763.52
119,550 at 6.61%$764.31
119,550 at 6.62%$765.10
119,550 at 6.63%$765.89
119,550 at 6.64%$766.68
119,550 at 6.65%$767.47
119,550 at 6.66%$768.26
119,550 at 6.67%$769.05
119,550 at 6.68%$769.84
119,550 at 6.69%$770.64
119,550 at 6.7%$771.43
119,550 at 6.71%$772.22
119,550 at 6.72%$773.02
119,550 at 6.73%$773.81
119,550 at 6.74%$774.60
119,550 at 6.75%$775.40
119,550 at 6.76%$776.19
119,550 at 6.77%$776.99
119,550 at 6.78%$777.78
119,550 at 6.79%$778.58
119,550 at 6.8%$779.38
119,550 at 6.81%$780.17
119,550 at 6.82%$780.97
119,550 at 6.83%$781.77
119,550 at 6.84%$782.56
119,550 at 6.85%$783.36
119,550 at 6.86%$784.16
119,550 at 6.87%$784.96
119,550 at 6.88%$785.76
119,550 at 6.89%$786.56
119,550 at 6.9%$787.36
119,550 at 6.91%$788.16
119,550 at 6.92%$788.96
119,550 at 6.93%$789.76
119,550 at 6.94%$790.56
119,550 at 6.95%$791.36
119,550 at 6.96%$792.16
119,550 at 6.97%$792.96
119,550 at 6.98%$793.76
119,550 at 6.99%$794.57
119,550 at 7%$795.37
119,550 at 7.01%$796.17
119,550 at 7.02%$796.98
119,550 at 7.03%$797.78
119,550 at 7.04%$798.58
119,550 at 7.05%$799.39
119,550 at 7.06%$800.19
119,550 at 7.07%$801.00
119,550 at 7.08%$801.80
119,550 at 7.09%$802.61
119,550 at 7.1%$803.41
119,550 at 7.11%$804.22
119,550 at 7.12%$805.03
119,550 at 7.13%$805.83
119,550 at 7.14%$806.64
119,550 at 7.15%$807.45
119,550 at 7.16%$808.26
119,550 at 7.17%$809.06
119,550 at 7.18%$809.87
119,550 at 7.19%$810.68
119,550 at 7.2%$811.49
119,550 at 7.21%$812.30
119,550 at 7.22%$813.11
119,550 at 7.23%$813.92
119,550 at 7.24%$814.73
119,550 at 7.25%$815.54
119,550 at 7.26%$816.35
119,550 at 7.27%$817.16
119,550 at 7.28%$817.98
119,550 at 7.29%$818.79
119,550 at 7.3%$819.60
119,550 at 7.31%$820.41
119,550 at 7.32%$821.23
119,550 at 7.33%$822.04
119,550 at 7.34%$822.85
119,550 at 7.35%$823.67
119,550 at 7.36%$824.48
119,550 at 7.37%$825.29
119,550 at 7.38%$826.11
119,550 at 7.39%$826.92
119,550 at 7.4%$827.74
119,550 at 7.41%$828.56
119,550 at 7.42%$829.37
119,550 at 7.43%$830.19
119,550 at 7.44%$831.00
119,550 at 7.45%$831.82
119,550 at 7.46%$832.64
119,550 at 7.47%$833.46
119,550 at 7.48%$834.27
119,550 at 7.49%$835.09
119,550 at 7.5%$835.91
119,550 at 7.51%$836.73
119,550 at 7.52%$837.55
119,550 at 7.53%$838.37
119,550 at 7.54%$839.19
119,550 at 7.55%$840.01
119,550 at 7.56%$840.83
119,550 at 7.57%$841.65
119,550 at 7.58%$842.47
119,550 at 7.59%$843.29
119,550 at 7.6%$844.11
119,550 at 7.61%$844.93
119,550 at 7.62%$845.76
119,550 at 7.63%$846.58
119,550 at 7.64%$847.40
119,550 at 7.65%$848.22
119,550 at 7.66%$849.05
119,550 at 7.67%$849.87
119,550 at 7.68%$850.70
119,550 at 7.69%$851.52
119,550 at 7.7%$852.34
119,550 at 7.71%$853.17
119,550 at 7.72%$853.99
119,550 at 7.73%$854.82
119,550 at 7.74%$855.64
119,550 at 7.75%$856.47
119,550 at 7.76%$857.30
119,550 at 7.77%$858.12
119,550 at 7.78%$858.95
119,550 at 7.79%$859.78
119,550 at 7.8%$860.61
119,550 at 7.81%$861.43
119,550 at 7.82%$862.26
119,550 at 7.83%$863.09
119,550 at 7.84%$863.92
119,550 at 7.85%$864.75
119,550 at 7.86%$865.58
119,550 at 7.87%$866.41
119,550 at 7.88%$867.24
119,550 at 7.89%$868.07
119,550 at 7.9%$868.90
119,550 at 7.91%$869.73
119,550 at 7.92%$870.56
119,550 at 7.93%$871.39
119,550 at 7.94%$872.22
119,550 at 7.95%$873.05
119,550 at 7.96%$873.88
119,550 at 7.97%$874.72
119,550 at 7.98%$875.55
119,550 at 7.99%$876.38
119,550 at 8%$877.22
More Amounts
What is the down payment for a $119,550 house? How much do you need to put down?
Percent Down Down Payment
1%1,196
2%2,391
3%3,587
4%4,782
5%5,978
6%7,173
7%8,369
8%9,564
9%10,760
10%11,955
11%13,151
12%14,346
13%15,542
14%16,737
15%17,933
16%19,128
17%20,324
18%21,519
19%22,715
20%23,910
Percent Down Down Payment
21%25,106
22%26,301
23%27,497
24%28,692
25%29,888
26%31,083
27%32,279
28%33,474
29%34,670
30%35,865
31%37,061
32%38,256
33%39,452
34%40,647
35%41,843
36%43,038
37%44,234
38%45,429
39%46,625
40%47,820
Percent Down Down Payment
41%49,016
42%50,211
43%51,407
44%52,602
45%53,798
46%54,993
47%56,189
48%57,384
49%58,580
50%59,775
51%60,971
52%62,166
53%63,362
54%64,557
55%65,753
56%66,948
57%68,144
58%69,339
59%70,535
60%71,730
Percent Down Down Payment
61%72,926
62%74,121
63%75,317
64%76,512
65%77,708
66%78,903
67%80,099
68%81,294
69%82,490
70%83,685
71%84,881
72%86,076
73%87,272
74%88,467
75%89,663
76%90,858
77%92,054
78%93,249
79%94,445
80%95,640
Percent Down Down Payment
81%96,836
82%98,031
83%99,227
84%100,422
85%101,618
86%102,813
87%104,009
88%105,204
89%106,400
90%107,595
91%108,791
92%109,986
93%111,182
94%112,377
95%113,573
96%114,768
97%115,964
98%117,159
99%118,355
100%119,550
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.