$119,800 Mortgage for 30 Years

What is the monthly payment of a 119,800 dollar loan?
$
$
%
%
years
Loan Tables for a $119,800 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 $119,800 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
119,800 at 2.01%$443.40
119,800 at 2.02%$444.00
119,800 at 2.03%$444.60
119,800 at 2.04%$445.20
119,800 at 2.05%$445.81
119,800 at 2.06%$446.41
119,800 at 2.07%$447.01
119,800 at 2.08%$447.61
119,800 at 2.09%$448.22
119,800 at 2.1%$448.82
119,800 at 2.11%$449.42
119,800 at 2.12%$450.03
119,800 at 2.13%$450.63
119,800 at 2.14%$451.24
119,800 at 2.15%$451.84
119,800 at 2.16%$452.45
119,800 at 2.17%$453.06
119,800 at 2.18%$453.67
119,800 at 2.19%$454.27
119,800 at 2.2%$454.88
119,800 at 2.21%$455.49
119,800 at 2.22%$456.10
119,800 at 2.23%$456.71
119,800 at 2.24%$457.32
119,800 at 2.25%$457.93
119,800 at 2.26%$458.54
119,800 at 2.27%$459.15
119,800 at 2.28%$459.77
119,800 at 2.29%$460.38
119,800 at 2.3%$460.99
119,800 at 2.31%$461.61
119,800 at 2.32%$462.22
119,800 at 2.33%$462.83
119,800 at 2.34%$463.45
119,800 at 2.35%$464.06
119,800 at 2.36%$464.68
119,800 at 2.37%$465.30
119,800 at 2.38%$465.91
119,800 at 2.39%$466.53
119,800 at 2.4%$467.15
119,800 at 2.41%$467.77
119,800 at 2.42%$468.39
119,800 at 2.43%$469.01
119,800 at 2.44%$469.63
119,800 at 2.45%$470.25
119,800 at 2.46%$470.87
119,800 at 2.47%$471.49
119,800 at 2.48%$472.11
119,800 at 2.49%$472.73
119,800 at 2.5%$473.35
119,800 at 2.51%$473.98
119,800 at 2.52%$474.60
119,800 at 2.53%$475.23
119,800 at 2.54%$475.85
119,800 at 2.55%$476.48
119,800 at 2.56%$477.10
119,800 at 2.57%$477.73
119,800 at 2.58%$478.35
119,800 at 2.59%$478.98
119,800 at 2.6%$479.61
119,800 at 2.61%$480.23
119,800 at 2.62%$480.86
119,800 at 2.63%$481.49
119,800 at 2.64%$482.12
119,800 at 2.65%$482.75
119,800 at 2.66%$483.38
119,800 at 2.67%$484.01
119,800 at 2.68%$484.64
119,800 at 2.69%$485.27
119,800 at 2.7%$485.91
119,800 at 2.71%$486.54
119,800 at 2.72%$487.17
119,800 at 2.73%$487.80
119,800 at 2.74%$488.44
119,800 at 2.75%$489.07
119,800 at 2.76%$489.71
119,800 at 2.77%$490.34
119,800 at 2.78%$490.98
119,800 at 2.79%$491.61
119,800 at 2.8%$492.25
119,800 at 2.81%$492.89
119,800 at 2.82%$493.53
119,800 at 2.83%$494.16
119,800 at 2.84%$494.80
119,800 at 2.85%$495.44
119,800 at 2.86%$496.08
119,800 at 2.87%$496.72
119,800 at 2.88%$497.36
119,800 at 2.89%$498.00
119,800 at 2.9%$498.64
119,800 at 2.91%$499.29
119,800 at 2.92%$499.93
119,800 at 2.93%$500.57
119,800 at 2.94%$501.21
119,800 at 2.95%$501.86
119,800 at 2.96%$502.50
119,800 at 2.97%$503.15
119,800 at 2.98%$503.79
119,800 at 2.99%$504.44
119,800 at 3%$505.08
119,800 at 3.01%$505.73
119,800 at 3.02%$506.37
119,800 at 3.03%$507.02
119,800 at 3.04%$507.67
119,800 at 3.05%$508.32
119,800 at 3.06%$508.97
119,800 at 3.07%$509.62
119,800 at 3.08%$510.27
119,800 at 3.09%$510.92
119,800 at 3.1%$511.57
119,800 at 3.11%$512.22
119,800 at 3.12%$512.87
119,800 at 3.13%$513.52
119,800 at 3.14%$514.17
119,800 at 3.15%$514.82
119,800 at 3.16%$515.48
119,800 at 3.17%$516.13
119,800 at 3.18%$516.79
119,800 at 3.19%$517.44
119,800 at 3.2%$518.10
119,800 at 3.21%$518.75
119,800 at 3.22%$519.41
119,800 at 3.23%$520.06
119,800 at 3.24%$520.72
119,800 at 3.25%$521.38
119,800 at 3.26%$522.03
119,800 at 3.27%$522.69
119,800 at 3.28%$523.35
119,800 at 3.29%$524.01
119,800 at 3.3%$524.67
119,800 at 3.31%$525.33
119,800 at 3.32%$525.99
119,800 at 3.33%$526.65
119,800 at 3.34%$527.31
119,800 at 3.35%$527.97
119,800 at 3.36%$528.64
119,800 at 3.37%$529.30
119,800 at 3.38%$529.96
119,800 at 3.39%$530.63
119,800 at 3.4%$531.29
119,800 at 3.41%$531.96
119,800 at 3.42%$532.62
119,800 at 3.43%$533.29
119,800 at 3.44%$533.95
119,800 at 3.45%$534.62
119,800 at 3.46%$535.28
119,800 at 3.47%$535.95
119,800 at 3.48%$536.62
119,800 at 3.49%$537.29
119,800 at 3.5%$537.96
Interest Rate 30 Year
119,800 at 3.51%$538.62
119,800 at 3.52%$539.29
119,800 at 3.53%$539.96
119,800 at 3.54%$540.63
119,800 at 3.55%$541.30
119,800 at 3.56%$541.98
119,800 at 3.57%$542.65
119,800 at 3.58%$543.32
119,800 at 3.59%$543.99
119,800 at 3.6%$544.67
119,800 at 3.61%$545.34
119,800 at 3.62%$546.01
119,800 at 3.63%$546.69
119,800 at 3.64%$547.36
119,800 at 3.65%$548.04
119,800 at 3.66%$548.71
119,800 at 3.67%$549.39
119,800 at 3.68%$550.06
119,800 at 3.69%$550.74
119,800 at 3.7%$551.42
119,800 at 3.71%$552.10
119,800 at 3.72%$552.78
119,800 at 3.73%$553.45
119,800 at 3.74%$554.13
119,800 at 3.75%$554.81
119,800 at 3.76%$555.49
119,800 at 3.77%$556.17
119,800 at 3.78%$556.85
119,800 at 3.79%$557.54
119,800 at 3.8%$558.22
119,800 at 3.81%$558.90
119,800 at 3.82%$559.58
119,800 at 3.83%$560.26
119,800 at 3.84%$560.95
119,800 at 3.85%$561.63
119,800 at 3.86%$562.32
119,800 at 3.87%$563.00
119,800 at 3.88%$563.69
119,800 at 3.89%$564.37
119,800 at 3.9%$565.06
119,800 at 3.91%$565.75
119,800 at 3.92%$566.43
119,800 at 3.93%$567.12
119,800 at 3.94%$567.81
119,800 at 3.95%$568.50
119,800 at 3.96%$569.18
119,800 at 3.97%$569.87
119,800 at 3.98%$570.56
119,800 at 3.99%$571.25
119,800 at 4%$571.94
119,800 at 4.01%$572.63
119,800 at 4.02%$573.33
119,800 at 4.03%$574.02
119,800 at 4.04%$574.71
119,800 at 4.05%$575.40
119,800 at 4.06%$576.10
119,800 at 4.07%$576.79
119,800 at 4.08%$577.48
119,800 at 4.09%$578.18
119,800 at 4.1%$578.87
119,800 at 4.11%$579.57
119,800 at 4.12%$580.26
119,800 at 4.13%$580.96
119,800 at 4.14%$581.65
119,800 at 4.15%$582.35
119,800 at 4.16%$583.05
119,800 at 4.17%$583.75
119,800 at 4.18%$584.44
119,800 at 4.19%$585.14
119,800 at 4.2%$585.84
119,800 at 4.21%$586.54
119,800 at 4.22%$587.24
119,800 at 4.23%$587.94
119,800 at 4.24%$588.64
119,800 at 4.25%$589.34
119,800 at 4.26%$590.05
119,800 at 4.27%$590.75
119,800 at 4.28%$591.45
119,800 at 4.29%$592.15
119,800 at 4.3%$592.86
119,800 at 4.31%$593.56
119,800 at 4.32%$594.26
119,800 at 4.33%$594.97
119,800 at 4.34%$595.67
119,800 at 4.35%$596.38
119,800 at 4.36%$597.08
119,800 at 4.37%$597.79
119,800 at 4.38%$598.50
119,800 at 4.39%$599.20
119,800 at 4.4%$599.91
119,800 at 4.41%$600.62
119,800 at 4.42%$601.33
119,800 at 4.43%$602.04
119,800 at 4.44%$602.75
119,800 at 4.45%$603.46
119,800 at 4.46%$604.17
119,800 at 4.47%$604.88
119,800 at 4.48%$605.59
119,800 at 4.49%$606.30
119,800 at 4.5%$607.01
119,800 at 4.51%$607.72
119,800 at 4.52%$608.43
119,800 at 4.53%$609.15
119,800 at 4.54%$609.86
119,800 at 4.55%$610.57
119,800 at 4.56%$611.29
119,800 at 4.57%$612.00
119,800 at 4.58%$612.72
119,800 at 4.59%$613.43
119,800 at 4.6%$614.15
119,800 at 4.61%$614.86
119,800 at 4.62%$615.58
119,800 at 4.63%$616.30
119,800 at 4.64%$617.02
119,800 at 4.65%$617.73
119,800 at 4.66%$618.45
119,800 at 4.67%$619.17
119,800 at 4.68%$619.89
119,800 at 4.69%$620.61
119,800 at 4.7%$621.33
119,800 at 4.71%$622.05
119,800 at 4.72%$622.77
119,800 at 4.73%$623.49
119,800 at 4.74%$624.21
119,800 at 4.75%$624.93
119,800 at 4.76%$625.66
119,800 at 4.77%$626.38
119,800 at 4.78%$627.10
119,800 at 4.79%$627.83
119,800 at 4.8%$628.55
119,800 at 4.81%$629.27
119,800 at 4.82%$630.00
119,800 at 4.83%$630.72
119,800 at 4.84%$631.45
119,800 at 4.85%$632.17
119,800 at 4.86%$632.90
119,800 at 4.87%$633.63
119,800 at 4.88%$634.36
119,800 at 4.89%$635.08
119,800 at 4.9%$635.81
119,800 at 4.91%$636.54
119,800 at 4.92%$637.27
119,800 at 4.93%$638.00
119,800 at 4.94%$638.73
119,800 at 4.95%$639.46
119,800 at 4.96%$640.19
119,800 at 4.97%$640.92
119,800 at 4.98%$641.65
119,800 at 4.99%$642.38
119,800 at 5%$643.11
Interest Rate 30 Year
119,800 at 5.01%$643.84
119,800 at 5.02%$644.58
119,800 at 5.03%$645.31
119,800 at 5.04%$646.04
119,800 at 5.05%$646.78
119,800 at 5.06%$647.51
119,800 at 5.07%$648.25
119,800 at 5.08%$648.98
119,800 at 5.09%$649.72
119,800 at 5.1%$650.45
119,800 at 5.11%$651.19
119,800 at 5.12%$651.93
119,800 at 5.13%$652.66
119,800 at 5.14%$653.40
119,800 at 5.15%$654.14
119,800 at 5.16%$654.88
119,800 at 5.17%$655.62
119,800 at 5.18%$656.36
119,800 at 5.19%$657.09
119,800 at 5.2%$657.83
119,800 at 5.21%$658.58
119,800 at 5.22%$659.32
119,800 at 5.23%$660.06
119,800 at 5.24%$660.80
119,800 at 5.25%$661.54
119,800 at 5.26%$662.28
119,800 at 5.27%$663.02
119,800 at 5.28%$663.77
119,800 at 5.29%$664.51
119,800 at 5.3%$665.25
119,800 at 5.31%$666.00
119,800 at 5.32%$666.74
119,800 at 5.33%$667.49
119,800 at 5.34%$668.23
119,800 at 5.35%$668.98
119,800 at 5.36%$669.73
119,800 at 5.37%$670.47
119,800 at 5.38%$671.22
119,800 at 5.39%$671.97
119,800 at 5.4%$672.71
119,800 at 5.41%$673.46
119,800 at 5.42%$674.21
119,800 at 5.43%$674.96
119,800 at 5.44%$675.71
119,800 at 5.45%$676.46
119,800 at 5.46%$677.21
119,800 at 5.47%$677.96
119,800 at 5.48%$678.71
119,800 at 5.49%$679.46
119,800 at 5.5%$680.21
119,800 at 5.51%$680.96
119,800 at 5.52%$681.72
119,800 at 5.53%$682.47
119,800 at 5.54%$683.22
119,800 at 5.55%$683.97
119,800 at 5.56%$684.73
119,800 at 5.57%$685.48
119,800 at 5.58%$686.24
119,800 at 5.59%$686.99
119,800 at 5.6%$687.75
119,800 at 5.61%$688.50
119,800 at 5.62%$689.26
119,800 at 5.63%$690.01
119,800 at 5.64%$690.77
119,800 at 5.65%$691.53
119,800 at 5.66%$692.29
119,800 at 5.67%$693.04
119,800 at 5.68%$693.80
119,800 at 5.69%$694.56
119,800 at 5.7%$695.32
119,800 at 5.71%$696.08
119,800 at 5.72%$696.84
119,800 at 5.73%$697.60
119,800 at 5.74%$698.36
119,800 at 5.75%$699.12
119,800 at 5.76%$699.88
119,800 at 5.77%$700.64
119,800 at 5.78%$701.41
119,800 at 5.79%$702.17
119,800 at 5.8%$702.93
119,800 at 5.81%$703.69
119,800 at 5.82%$704.46
119,800 at 5.83%$705.22
119,800 at 5.84%$705.98
119,800 at 5.85%$706.75
119,800 at 5.86%$707.51
119,800 at 5.87%$708.28
119,800 at 5.88%$709.05
119,800 at 5.89%$709.81
119,800 at 5.9%$710.58
119,800 at 5.91%$711.34
119,800 at 5.92%$712.11
119,800 at 5.93%$712.88
119,800 at 5.94%$713.65
119,800 at 5.95%$714.41
119,800 at 5.96%$715.18
119,800 at 5.97%$715.95
119,800 at 5.98%$716.72
119,800 at 5.99%$717.49
119,800 at 6%$718.26
119,800 at 6.01%$719.03
119,800 at 6.02%$719.80
119,800 at 6.03%$720.57
119,800 at 6.04%$721.35
119,800 at 6.05%$722.12
119,800 at 6.06%$722.89
119,800 at 6.07%$723.66
119,800 at 6.08%$724.43
119,800 at 6.09%$725.21
119,800 at 6.1%$725.98
119,800 at 6.11%$726.76
119,800 at 6.12%$727.53
119,800 at 6.13%$728.30
119,800 at 6.14%$729.08
119,800 at 6.15%$729.86
119,800 at 6.16%$730.63
119,800 at 6.17%$731.41
119,800 at 6.18%$732.18
119,800 at 6.19%$732.96
119,800 at 6.2%$733.74
119,800 at 6.21%$734.52
119,800 at 6.22%$735.29
119,800 at 6.23%$736.07
119,800 at 6.24%$736.85
119,800 at 6.25%$737.63
119,800 at 6.26%$738.41
119,800 at 6.27%$739.19
119,800 at 6.28%$739.97
119,800 at 6.29%$740.75
119,800 at 6.3%$741.53
119,800 at 6.31%$742.31
119,800 at 6.32%$743.09
119,800 at 6.33%$743.87
119,800 at 6.34%$744.66
119,800 at 6.35%$745.44
119,800 at 6.36%$746.22
119,800 at 6.37%$747.00
119,800 at 6.38%$747.79
119,800 at 6.39%$748.57
119,800 at 6.4%$749.36
119,800 at 6.41%$750.14
119,800 at 6.42%$750.93
119,800 at 6.43%$751.71
119,800 at 6.44%$752.50
119,800 at 6.45%$753.28
119,800 at 6.46%$754.07
119,800 at 6.47%$754.86
119,800 at 6.48%$755.64
119,800 at 6.49%$756.43
119,800 at 6.5%$757.22
Interest Rate 30 Year
119,800 at 6.51%$758.01
119,800 at 6.52%$758.79
119,800 at 6.53%$759.58
119,800 at 6.54%$760.37
119,800 at 6.55%$761.16
119,800 at 6.56%$761.95
119,800 at 6.57%$762.74
119,800 at 6.58%$763.53
119,800 at 6.59%$764.32
119,800 at 6.6%$765.11
119,800 at 6.61%$765.90
119,800 at 6.62%$766.70
119,800 at 6.63%$767.49
119,800 at 6.64%$768.28
119,800 at 6.65%$769.07
119,800 at 6.66%$769.87
119,800 at 6.67%$770.66
119,800 at 6.68%$771.45
119,800 at 6.69%$772.25
119,800 at 6.7%$773.04
119,800 at 6.71%$773.84
119,800 at 6.72%$774.63
119,800 at 6.73%$775.43
119,800 at 6.74%$776.22
119,800 at 6.75%$777.02
119,800 at 6.76%$777.82
119,800 at 6.77%$778.61
119,800 at 6.78%$779.41
119,800 at 6.79%$780.21
119,800 at 6.8%$781.01
119,800 at 6.81%$781.80
119,800 at 6.82%$782.60
119,800 at 6.83%$783.40
119,800 at 6.84%$784.20
119,800 at 6.85%$785.00
119,800 at 6.86%$785.80
119,800 at 6.87%$786.60
119,800 at 6.88%$787.40
119,800 at 6.89%$788.20
119,800 at 6.9%$789.00
119,800 at 6.91%$789.80
119,800 at 6.92%$790.61
119,800 at 6.93%$791.41
119,800 at 6.94%$792.21
119,800 at 6.95%$793.01
119,800 at 6.96%$793.82
119,800 at 6.97%$794.62
119,800 at 6.98%$795.42
119,800 at 6.99%$796.23
119,800 at 7%$797.03
119,800 at 7.01%$797.84
119,800 at 7.02%$798.64
119,800 at 7.03%$799.45
119,800 at 7.04%$800.25
119,800 at 7.05%$801.06
119,800 at 7.06%$801.87
119,800 at 7.07%$802.67
119,800 at 7.08%$803.48
119,800 at 7.09%$804.29
119,800 at 7.1%$805.09
119,800 at 7.11%$805.90
119,800 at 7.12%$806.71
119,800 at 7.13%$807.52
119,800 at 7.14%$808.33
119,800 at 7.15%$809.14
119,800 at 7.16%$809.95
119,800 at 7.17%$810.76
119,800 at 7.18%$811.57
119,800 at 7.19%$812.38
119,800 at 7.2%$813.19
119,800 at 7.21%$814.00
119,800 at 7.22%$814.81
119,800 at 7.23%$815.62
119,800 at 7.24%$816.43
119,800 at 7.25%$817.25
119,800 at 7.26%$818.06
119,800 at 7.27%$818.87
119,800 at 7.28%$819.69
119,800 at 7.29%$820.50
119,800 at 7.3%$821.31
119,800 at 7.31%$822.13
119,800 at 7.32%$822.94
119,800 at 7.33%$823.76
119,800 at 7.34%$824.57
119,800 at 7.35%$825.39
119,800 at 7.36%$826.20
119,800 at 7.37%$827.02
119,800 at 7.38%$827.84
119,800 at 7.39%$828.65
119,800 at 7.4%$829.47
119,800 at 7.41%$830.29
119,800 at 7.42%$831.11
119,800 at 7.43%$831.92
119,800 at 7.44%$832.74
119,800 at 7.45%$833.56
119,800 at 7.46%$834.38
119,800 at 7.47%$835.20
119,800 at 7.48%$836.02
119,800 at 7.49%$836.84
119,800 at 7.5%$837.66
119,800 at 7.51%$838.48
119,800 at 7.52%$839.30
119,800 at 7.53%$840.12
119,800 at 7.54%$840.94
119,800 at 7.55%$841.76
119,800 at 7.56%$842.59
119,800 at 7.57%$843.41
119,800 at 7.58%$844.23
119,800 at 7.59%$845.05
119,800 at 7.6%$845.88
119,800 at 7.61%$846.70
119,800 at 7.62%$847.52
119,800 at 7.63%$848.35
119,800 at 7.64%$849.17
119,800 at 7.65%$850.00
119,800 at 7.66%$850.82
119,800 at 7.67%$851.65
119,800 at 7.68%$852.47
119,800 at 7.69%$853.30
119,800 at 7.7%$854.13
119,800 at 7.71%$854.95
119,800 at 7.72%$855.78
119,800 at 7.73%$856.61
119,800 at 7.74%$857.43
119,800 at 7.75%$858.26
119,800 at 7.76%$859.09
119,800 at 7.77%$859.92
119,800 at 7.78%$860.75
119,800 at 7.79%$861.58
119,800 at 7.8%$862.40
119,800 at 7.81%$863.23
119,800 at 7.82%$864.06
119,800 at 7.83%$864.89
119,800 at 7.84%$865.72
119,800 at 7.85%$866.56
119,800 at 7.86%$867.39
119,800 at 7.87%$868.22
119,800 at 7.88%$869.05
119,800 at 7.89%$869.88
119,800 at 7.9%$870.71
119,800 at 7.91%$871.55
119,800 at 7.92%$872.38
119,800 at 7.93%$873.21
119,800 at 7.94%$874.04
119,800 at 7.95%$874.88
119,800 at 7.96%$875.71
119,800 at 7.97%$876.55
119,800 at 7.98%$877.38
119,800 at 7.99%$878.21
119,800 at 8%$879.05
More Amounts
What is the down payment for a $119,800 house? How much do you need to put down?
Percent Down Down Payment
1%1,198
2%2,396
3%3,594
4%4,792
5%5,990
6%7,188
7%8,386
8%9,584
9%10,782
10%11,980
11%13,178
12%14,376
13%15,574
14%16,772
15%17,970
16%19,168
17%20,366
18%21,564
19%22,762
20%23,960
Percent Down Down Payment
21%25,158
22%26,356
23%27,554
24%28,752
25%29,950
26%31,148
27%32,346
28%33,544
29%34,742
30%35,940
31%37,138
32%38,336
33%39,534
34%40,732
35%41,930
36%43,128
37%44,326
38%45,524
39%46,722
40%47,920
Percent Down Down Payment
41%49,118
42%50,316
43%51,514
44%52,712
45%53,910
46%55,108
47%56,306
48%57,504
49%58,702
50%59,900
51%61,098
52%62,296
53%63,494
54%64,692
55%65,890
56%67,088
57%68,286
58%69,484
59%70,682
60%71,880
Percent Down Down Payment
61%73,078
62%74,276
63%75,474
64%76,672
65%77,870
66%79,068
67%80,266
68%81,464
69%82,662
70%83,860
71%85,058
72%86,256
73%87,454
74%88,652
75%89,850
76%91,048
77%92,246
78%93,444
79%94,642
80%95,840
Percent Down Down Payment
81%97,038
82%98,236
83%99,434
84%100,632
85%101,830
86%103,028
87%104,226
88%105,424
89%106,622
90%107,820
91%109,018
92%110,216
93%111,414
94%112,612
95%113,810
96%115,008
97%116,206
98%117,404
99%118,602
100%119,800
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.