$119,900 Mortgage for 30 Years

What is the monthly payment of a 119,900 dollar loan?
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Loan Tables for a $119,900 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 $119,900 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
119,900 at 2.01%$443.77
119,900 at 2.02%$444.37
119,900 at 2.03%$444.97
119,900 at 2.04%$445.58
119,900 at 2.05%$446.18
119,900 at 2.06%$446.78
119,900 at 2.07%$447.38
119,900 at 2.08%$447.99
119,900 at 2.09%$448.59
119,900 at 2.1%$449.19
119,900 at 2.11%$449.80
119,900 at 2.12%$450.40
119,900 at 2.13%$451.01
119,900 at 2.14%$451.61
119,900 at 2.15%$452.22
119,900 at 2.16%$452.83
119,900 at 2.17%$453.44
119,900 at 2.18%$454.04
119,900 at 2.19%$454.65
119,900 at 2.2%$455.26
119,900 at 2.21%$455.87
119,900 at 2.22%$456.48
119,900 at 2.23%$457.09
119,900 at 2.24%$457.70
119,900 at 2.25%$458.31
119,900 at 2.26%$458.92
119,900 at 2.27%$459.54
119,900 at 2.28%$460.15
119,900 at 2.29%$460.76
119,900 at 2.3%$461.38
119,900 at 2.31%$461.99
119,900 at 2.32%$462.61
119,900 at 2.33%$463.22
119,900 at 2.34%$463.84
119,900 at 2.35%$464.45
119,900 at 2.36%$465.07
119,900 at 2.37%$465.69
119,900 at 2.38%$466.30
119,900 at 2.39%$466.92
119,900 at 2.4%$467.54
119,900 at 2.41%$468.16
119,900 at 2.42%$468.78
119,900 at 2.43%$469.40
119,900 at 2.44%$470.02
119,900 at 2.45%$470.64
119,900 at 2.46%$471.26
119,900 at 2.47%$471.88
119,900 at 2.48%$472.50
119,900 at 2.49%$473.13
119,900 at 2.5%$473.75
119,900 at 2.51%$474.37
119,900 at 2.52%$475.00
119,900 at 2.53%$475.62
119,900 at 2.54%$476.25
119,900 at 2.55%$476.87
119,900 at 2.56%$477.50
119,900 at 2.57%$478.13
119,900 at 2.58%$478.75
119,900 at 2.59%$479.38
119,900 at 2.6%$480.01
119,900 at 2.61%$480.64
119,900 at 2.62%$481.26
119,900 at 2.63%$481.89
119,900 at 2.64%$482.52
119,900 at 2.65%$483.15
119,900 at 2.66%$483.78
119,900 at 2.67%$484.42
119,900 at 2.68%$485.05
119,900 at 2.69%$485.68
119,900 at 2.7%$486.31
119,900 at 2.71%$486.94
119,900 at 2.72%$487.58
119,900 at 2.73%$488.21
119,900 at 2.74%$488.85
119,900 at 2.75%$489.48
119,900 at 2.76%$490.12
119,900 at 2.77%$490.75
119,900 at 2.78%$491.39
119,900 at 2.79%$492.03
119,900 at 2.8%$492.66
119,900 at 2.81%$493.30
119,900 at 2.82%$493.94
119,900 at 2.83%$494.58
119,900 at 2.84%$495.22
119,900 at 2.85%$495.86
119,900 at 2.86%$496.50
119,900 at 2.87%$497.14
119,900 at 2.88%$497.78
119,900 at 2.89%$498.42
119,900 at 2.9%$499.06
119,900 at 2.91%$499.70
119,900 at 2.92%$500.34
119,900 at 2.93%$500.99
119,900 at 2.94%$501.63
119,900 at 2.95%$502.28
119,900 at 2.96%$502.92
119,900 at 2.97%$503.57
119,900 at 2.98%$504.21
119,900 at 2.99%$504.86
119,900 at 3%$505.50
119,900 at 3.01%$506.15
119,900 at 3.02%$506.80
119,900 at 3.03%$507.45
119,900 at 3.04%$508.09
119,900 at 3.05%$508.74
119,900 at 3.06%$509.39
119,900 at 3.07%$510.04
119,900 at 3.08%$510.69
119,900 at 3.09%$511.34
119,900 at 3.1%$511.99
119,900 at 3.11%$512.64
119,900 at 3.12%$513.30
119,900 at 3.13%$513.95
119,900 at 3.14%$514.60
119,900 at 3.15%$515.25
119,900 at 3.16%$515.91
119,900 at 3.17%$516.56
119,900 at 3.18%$517.22
119,900 at 3.19%$517.87
119,900 at 3.2%$518.53
119,900 at 3.21%$519.18
119,900 at 3.22%$519.84
119,900 at 3.23%$520.50
119,900 at 3.24%$521.15
119,900 at 3.25%$521.81
119,900 at 3.26%$522.47
119,900 at 3.27%$523.13
119,900 at 3.28%$523.79
119,900 at 3.29%$524.45
119,900 at 3.3%$525.11
119,900 at 3.31%$525.77
119,900 at 3.32%$526.43
119,900 at 3.33%$527.09
119,900 at 3.34%$527.75
119,900 at 3.35%$528.42
119,900 at 3.36%$529.08
119,900 at 3.37%$529.74
119,900 at 3.38%$530.41
119,900 at 3.39%$531.07
119,900 at 3.4%$531.73
119,900 at 3.41%$532.40
119,900 at 3.42%$533.06
119,900 at 3.43%$533.73
119,900 at 3.44%$534.40
119,900 at 3.45%$535.06
119,900 at 3.46%$535.73
119,900 at 3.47%$536.40
119,900 at 3.48%$537.07
119,900 at 3.49%$537.74
119,900 at 3.5%$538.40
Interest Rate 30 Year
119,900 at 3.51%$539.07
119,900 at 3.52%$539.74
119,900 at 3.53%$540.41
119,900 at 3.54%$541.09
119,900 at 3.55%$541.76
119,900 at 3.56%$542.43
119,900 at 3.57%$543.10
119,900 at 3.58%$543.77
119,900 at 3.59%$544.45
119,900 at 3.6%$545.12
119,900 at 3.61%$545.79
119,900 at 3.62%$546.47
119,900 at 3.63%$547.14
119,900 at 3.64%$547.82
119,900 at 3.65%$548.49
119,900 at 3.66%$549.17
119,900 at 3.67%$549.85
119,900 at 3.68%$550.52
119,900 at 3.69%$551.20
119,900 at 3.7%$551.88
119,900 at 3.71%$552.56
119,900 at 3.72%$553.24
119,900 at 3.73%$553.92
119,900 at 3.74%$554.60
119,900 at 3.75%$555.28
119,900 at 3.76%$555.96
119,900 at 3.77%$556.64
119,900 at 3.78%$557.32
119,900 at 3.79%$558.00
119,900 at 3.8%$558.68
119,900 at 3.81%$559.37
119,900 at 3.82%$560.05
119,900 at 3.83%$560.73
119,900 at 3.84%$561.42
119,900 at 3.85%$562.10
119,900 at 3.86%$562.79
119,900 at 3.87%$563.47
119,900 at 3.88%$564.16
119,900 at 3.89%$564.84
119,900 at 3.9%$565.53
119,900 at 3.91%$566.22
119,900 at 3.92%$566.90
119,900 at 3.93%$567.59
119,900 at 3.94%$568.28
119,900 at 3.95%$568.97
119,900 at 3.96%$569.66
119,900 at 3.97%$570.35
119,900 at 3.98%$571.04
119,900 at 3.99%$571.73
119,900 at 4%$572.42
119,900 at 4.01%$573.11
119,900 at 4.02%$573.80
119,900 at 4.03%$574.50
119,900 at 4.04%$575.19
119,900 at 4.05%$575.88
119,900 at 4.06%$576.58
119,900 at 4.07%$577.27
119,900 at 4.08%$577.96
119,900 at 4.09%$578.66
119,900 at 4.1%$579.35
119,900 at 4.11%$580.05
119,900 at 4.12%$580.75
119,900 at 4.13%$581.44
119,900 at 4.14%$582.14
119,900 at 4.15%$582.84
119,900 at 4.16%$583.54
119,900 at 4.17%$584.23
119,900 at 4.18%$584.93
119,900 at 4.19%$585.63
119,900 at 4.2%$586.33
119,900 at 4.21%$587.03
119,900 at 4.22%$587.73
119,900 at 4.23%$588.43
119,900 at 4.24%$589.13
119,900 at 4.25%$589.84
119,900 at 4.26%$590.54
119,900 at 4.27%$591.24
119,900 at 4.28%$591.94
119,900 at 4.29%$592.65
119,900 at 4.3%$593.35
119,900 at 4.31%$594.06
119,900 at 4.32%$594.76
119,900 at 4.33%$595.46
119,900 at 4.34%$596.17
119,900 at 4.35%$596.88
119,900 at 4.36%$597.58
119,900 at 4.37%$598.29
119,900 at 4.38%$599.00
119,900 at 4.39%$599.70
119,900 at 4.4%$600.41
119,900 at 4.41%$601.12
119,900 at 4.42%$601.83
119,900 at 4.43%$602.54
119,900 at 4.44%$603.25
119,900 at 4.45%$603.96
119,900 at 4.46%$604.67
119,900 at 4.47%$605.38
119,900 at 4.48%$606.09
119,900 at 4.49%$606.80
119,900 at 4.5%$607.52
119,900 at 4.51%$608.23
119,900 at 4.52%$608.94
119,900 at 4.53%$609.65
119,900 at 4.54%$610.37
119,900 at 4.55%$611.08
119,900 at 4.56%$611.80
119,900 at 4.57%$612.51
119,900 at 4.58%$613.23
119,900 at 4.59%$613.94
119,900 at 4.6%$614.66
119,900 at 4.61%$615.38
119,900 at 4.62%$616.09
119,900 at 4.63%$616.81
119,900 at 4.64%$617.53
119,900 at 4.65%$618.25
119,900 at 4.66%$618.97
119,900 at 4.67%$619.69
119,900 at 4.68%$620.41
119,900 at 4.69%$621.13
119,900 at 4.7%$621.85
119,900 at 4.71%$622.57
119,900 at 4.72%$623.29
119,900 at 4.73%$624.01
119,900 at 4.74%$624.73
119,900 at 4.75%$625.46
119,900 at 4.76%$626.18
119,900 at 4.77%$626.90
119,900 at 4.78%$627.63
119,900 at 4.79%$628.35
119,900 at 4.8%$629.07
119,900 at 4.81%$629.80
119,900 at 4.82%$630.52
119,900 at 4.83%$631.25
119,900 at 4.84%$631.98
119,900 at 4.85%$632.70
119,900 at 4.86%$633.43
119,900 at 4.87%$634.16
119,900 at 4.88%$634.88
119,900 at 4.89%$635.61
119,900 at 4.9%$636.34
119,900 at 4.91%$637.07
119,900 at 4.92%$637.80
119,900 at 4.93%$638.53
119,900 at 4.94%$639.26
119,900 at 4.95%$639.99
119,900 at 4.96%$640.72
119,900 at 4.97%$641.45
119,900 at 4.98%$642.18
119,900 at 4.99%$642.92
119,900 at 5%$643.65
Interest Rate 30 Year
119,900 at 5.01%$644.38
119,900 at 5.02%$645.12
119,900 at 5.03%$645.85
119,900 at 5.04%$646.58
119,900 at 5.05%$647.32
119,900 at 5.06%$648.05
119,900 at 5.07%$648.79
119,900 at 5.08%$649.52
119,900 at 5.09%$650.26
119,900 at 5.1%$651.00
119,900 at 5.11%$651.73
119,900 at 5.12%$652.47
119,900 at 5.13%$653.21
119,900 at 5.14%$653.95
119,900 at 5.15%$654.69
119,900 at 5.16%$655.42
119,900 at 5.17%$656.16
119,900 at 5.18%$656.90
119,900 at 5.19%$657.64
119,900 at 5.2%$658.38
119,900 at 5.21%$659.12
119,900 at 5.22%$659.87
119,900 at 5.23%$660.61
119,900 at 5.24%$661.35
119,900 at 5.25%$662.09
119,900 at 5.26%$662.84
119,900 at 5.27%$663.58
119,900 at 5.28%$664.32
119,900 at 5.29%$665.07
119,900 at 5.3%$665.81
119,900 at 5.31%$666.56
119,900 at 5.32%$667.30
119,900 at 5.33%$668.05
119,900 at 5.34%$668.79
119,900 at 5.35%$669.54
119,900 at 5.36%$670.28
119,900 at 5.37%$671.03
119,900 at 5.38%$671.78
119,900 at 5.39%$672.53
119,900 at 5.4%$673.28
119,900 at 5.41%$674.02
119,900 at 5.42%$674.77
119,900 at 5.43%$675.52
119,900 at 5.44%$676.27
119,900 at 5.45%$677.02
119,900 at 5.46%$677.77
119,900 at 5.47%$678.52
119,900 at 5.48%$679.28
119,900 at 5.49%$680.03
119,900 at 5.5%$680.78
119,900 at 5.51%$681.53
119,900 at 5.52%$682.28
119,900 at 5.53%$683.04
119,900 at 5.54%$683.79
119,900 at 5.55%$684.55
119,900 at 5.56%$685.30
119,900 at 5.57%$686.05
119,900 at 5.58%$686.81
119,900 at 5.59%$687.56
119,900 at 5.6%$688.32
119,900 at 5.61%$689.08
119,900 at 5.62%$689.83
119,900 at 5.63%$690.59
119,900 at 5.64%$691.35
119,900 at 5.65%$692.11
119,900 at 5.66%$692.86
119,900 at 5.67%$693.62
119,900 at 5.68%$694.38
119,900 at 5.69%$695.14
119,900 at 5.7%$695.90
119,900 at 5.71%$696.66
119,900 at 5.72%$697.42
119,900 at 5.73%$698.18
119,900 at 5.74%$698.94
119,900 at 5.75%$699.70
119,900 at 5.76%$700.47
119,900 at 5.77%$701.23
119,900 at 5.78%$701.99
119,900 at 5.79%$702.75
119,900 at 5.8%$703.52
119,900 at 5.81%$704.28
119,900 at 5.82%$705.04
119,900 at 5.83%$705.81
119,900 at 5.84%$706.57
119,900 at 5.85%$707.34
119,900 at 5.86%$708.10
119,900 at 5.87%$708.87
119,900 at 5.88%$709.64
119,900 at 5.89%$710.40
119,900 at 5.9%$711.17
119,900 at 5.91%$711.94
119,900 at 5.92%$712.71
119,900 at 5.93%$713.47
119,900 at 5.94%$714.24
119,900 at 5.95%$715.01
119,900 at 5.96%$715.78
119,900 at 5.97%$716.55
119,900 at 5.98%$717.32
119,900 at 5.99%$718.09
119,900 at 6%$718.86
119,900 at 6.01%$719.63
119,900 at 6.02%$720.40
119,900 at 6.03%$721.18
119,900 at 6.04%$721.95
119,900 at 6.05%$722.72
119,900 at 6.06%$723.49
119,900 at 6.07%$724.27
119,900 at 6.08%$725.04
119,900 at 6.09%$725.81
119,900 at 6.1%$726.59
119,900 at 6.11%$727.36
119,900 at 6.12%$728.14
119,900 at 6.13%$728.91
119,900 at 6.14%$729.69
119,900 at 6.15%$730.46
119,900 at 6.16%$731.24
119,900 at 6.17%$732.02
119,900 at 6.18%$732.79
119,900 at 6.19%$733.57
119,900 at 6.2%$734.35
119,900 at 6.21%$735.13
119,900 at 6.22%$735.91
119,900 at 6.23%$736.69
119,900 at 6.24%$737.47
119,900 at 6.25%$738.24
119,900 at 6.26%$739.02
119,900 at 6.27%$739.81
119,900 at 6.28%$740.59
119,900 at 6.29%$741.37
119,900 at 6.3%$742.15
119,900 at 6.31%$742.93
119,900 at 6.32%$743.71
119,900 at 6.33%$744.49
119,900 at 6.34%$745.28
119,900 at 6.35%$746.06
119,900 at 6.36%$746.84
119,900 at 6.37%$747.63
119,900 at 6.38%$748.41
119,900 at 6.39%$749.20
119,900 at 6.4%$749.98
119,900 at 6.41%$750.77
119,900 at 6.42%$751.55
119,900 at 6.43%$752.34
119,900 at 6.44%$753.12
119,900 at 6.45%$753.91
119,900 at 6.46%$754.70
119,900 at 6.47%$755.49
119,900 at 6.48%$756.27
119,900 at 6.49%$757.06
119,900 at 6.5%$757.85
Interest Rate 30 Year
119,900 at 6.51%$758.64
119,900 at 6.52%$759.43
119,900 at 6.53%$760.22
119,900 at 6.54%$761.01
119,900 at 6.55%$761.80
119,900 at 6.56%$762.59
119,900 at 6.57%$763.38
119,900 at 6.58%$764.17
119,900 at 6.59%$764.96
119,900 at 6.6%$765.75
119,900 at 6.61%$766.54
119,900 at 6.62%$767.34
119,900 at 6.63%$768.13
119,900 at 6.64%$768.92
119,900 at 6.65%$769.72
119,900 at 6.66%$770.51
119,900 at 6.67%$771.30
119,900 at 6.68%$772.10
119,900 at 6.69%$772.89
119,900 at 6.7%$773.69
119,900 at 6.71%$774.48
119,900 at 6.72%$775.28
119,900 at 6.73%$776.08
119,900 at 6.74%$776.87
119,900 at 6.75%$777.67
119,900 at 6.76%$778.47
119,900 at 6.77%$779.26
119,900 at 6.78%$780.06
119,900 at 6.79%$780.86
119,900 at 6.8%$781.66
119,900 at 6.81%$782.46
119,900 at 6.82%$783.26
119,900 at 6.83%$784.06
119,900 at 6.84%$784.86
119,900 at 6.85%$785.66
119,900 at 6.86%$786.46
119,900 at 6.87%$787.26
119,900 at 6.88%$788.06
119,900 at 6.89%$788.86
119,900 at 6.9%$789.66
119,900 at 6.91%$790.46
119,900 at 6.92%$791.27
119,900 at 6.93%$792.07
119,900 at 6.94%$792.87
119,900 at 6.95%$793.68
119,900 at 6.96%$794.48
119,900 at 6.97%$795.28
119,900 at 6.98%$796.09
119,900 at 6.99%$796.89
119,900 at 7%$797.70
119,900 at 7.01%$798.50
119,900 at 7.02%$799.31
119,900 at 7.03%$800.11
119,900 at 7.04%$800.92
119,900 at 7.05%$801.73
119,900 at 7.06%$802.53
119,900 at 7.07%$803.34
119,900 at 7.08%$804.15
119,900 at 7.09%$804.96
119,900 at 7.1%$805.77
119,900 at 7.11%$806.57
119,900 at 7.12%$807.38
119,900 at 7.13%$808.19
119,900 at 7.14%$809.00
119,900 at 7.15%$809.81
119,900 at 7.16%$810.62
119,900 at 7.17%$811.43
119,900 at 7.18%$812.24
119,900 at 7.19%$813.06
119,900 at 7.2%$813.87
119,900 at 7.21%$814.68
119,900 at 7.22%$815.49
119,900 at 7.23%$816.30
119,900 at 7.24%$817.12
119,900 at 7.25%$817.93
119,900 at 7.26%$818.74
119,900 at 7.27%$819.56
119,900 at 7.28%$820.37
119,900 at 7.29%$821.18
119,900 at 7.3%$822.00
119,900 at 7.31%$822.81
119,900 at 7.32%$823.63
119,900 at 7.33%$824.45
119,900 at 7.34%$825.26
119,900 at 7.35%$826.08
119,900 at 7.36%$826.89
119,900 at 7.37%$827.71
119,900 at 7.38%$828.53
119,900 at 7.39%$829.35
119,900 at 7.4%$830.16
119,900 at 7.41%$830.98
119,900 at 7.42%$831.80
119,900 at 7.43%$832.62
119,900 at 7.44%$833.44
119,900 at 7.45%$834.26
119,900 at 7.46%$835.08
119,900 at 7.47%$835.90
119,900 at 7.48%$836.72
119,900 at 7.49%$837.54
119,900 at 7.5%$838.36
119,900 at 7.51%$839.18
119,900 at 7.52%$840.00
119,900 at 7.53%$840.82
119,900 at 7.54%$841.64
119,900 at 7.55%$842.47
119,900 at 7.56%$843.29
119,900 at 7.57%$844.11
119,900 at 7.58%$844.94
119,900 at 7.59%$845.76
119,900 at 7.6%$846.58
119,900 at 7.61%$847.41
119,900 at 7.62%$848.23
119,900 at 7.63%$849.06
119,900 at 7.64%$849.88
119,900 at 7.65%$850.71
119,900 at 7.66%$851.53
119,900 at 7.67%$852.36
119,900 at 7.68%$853.19
119,900 at 7.69%$854.01
119,900 at 7.7%$854.84
119,900 at 7.71%$855.67
119,900 at 7.72%$856.49
119,900 at 7.73%$857.32
119,900 at 7.74%$858.15
119,900 at 7.75%$858.98
119,900 at 7.76%$859.81
119,900 at 7.77%$860.64
119,900 at 7.78%$861.47
119,900 at 7.79%$862.29
119,900 at 7.8%$863.12
119,900 at 7.81%$863.95
119,900 at 7.82%$864.79
119,900 at 7.83%$865.62
119,900 at 7.84%$866.45
119,900 at 7.85%$867.28
119,900 at 7.86%$868.11
119,900 at 7.87%$868.94
119,900 at 7.88%$869.77
119,900 at 7.89%$870.61
119,900 at 7.9%$871.44
119,900 at 7.91%$872.27
119,900 at 7.92%$873.11
119,900 at 7.93%$873.94
119,900 at 7.94%$874.77
119,900 at 7.95%$875.61
119,900 at 7.96%$876.44
119,900 at 7.97%$877.28
119,900 at 7.98%$878.11
119,900 at 7.99%$878.95
119,900 at 8%$879.78
More Amounts
What is the down payment for a $119,900 house? How much do you need to put down?
Percent Down Down Payment
1%1,199
2%2,398
3%3,597
4%4,796
5%5,995
6%7,194
7%8,393
8%9,592
9%10,791
10%11,990
11%13,189
12%14,388
13%15,587
14%16,786
15%17,985
16%19,184
17%20,383
18%21,582
19%22,781
20%23,980
Percent Down Down Payment
21%25,179
22%26,378
23%27,577
24%28,776
25%29,975
26%31,174
27%32,373
28%33,572
29%34,771
30%35,970
31%37,169
32%38,368
33%39,567
34%40,766
35%41,965
36%43,164
37%44,363
38%45,562
39%46,761
40%47,960
Percent Down Down Payment
41%49,159
42%50,358
43%51,557
44%52,756
45%53,955
46%55,154
47%56,353
48%57,552
49%58,751
50%59,950
51%61,149
52%62,348
53%63,547
54%64,746
55%65,945
56%67,144
57%68,343
58%69,542
59%70,741
60%71,940
Percent Down Down Payment
61%73,139
62%74,338
63%75,537
64%76,736
65%77,935
66%79,134
67%80,333
68%81,532
69%82,731
70%83,930
71%85,129
72%86,328
73%87,527
74%88,726
75%89,925
76%91,124
77%92,323
78%93,522
79%94,721
80%95,920
Percent Down Down Payment
81%97,119
82%98,318
83%99,517
84%100,716
85%101,915
86%103,114
87%104,313
88%105,512
89%106,711
90%107,910
91%109,109
92%110,308
93%111,507
94%112,706
95%113,905
96%115,104
97%116,303
98%117,502
99%118,701
100%119,900
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.