$120,050 Mortgage for 30 Years

What is the monthly payment of a 120,050 dollar loan?
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Loan Tables for a $120,050 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 $120,050 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
120,050 at 2.01%$444.33
120,050 at 2.02%$444.93
120,050 at 2.03%$445.53
120,050 at 2.04%$446.13
120,050 at 2.05%$446.74
120,050 at 2.06%$447.34
120,050 at 2.07%$447.94
120,050 at 2.08%$448.55
120,050 at 2.09%$449.15
120,050 at 2.1%$449.76
120,050 at 2.11%$450.36
120,050 at 2.12%$450.97
120,050 at 2.13%$451.57
120,050 at 2.14%$452.18
120,050 at 2.15%$452.79
120,050 at 2.16%$453.39
120,050 at 2.17%$454.00
120,050 at 2.18%$454.61
120,050 at 2.19%$455.22
120,050 at 2.2%$455.83
120,050 at 2.21%$456.44
120,050 at 2.22%$457.05
120,050 at 2.23%$457.66
120,050 at 2.24%$458.27
120,050 at 2.25%$458.89
120,050 at 2.26%$459.50
120,050 at 2.27%$460.11
120,050 at 2.28%$460.73
120,050 at 2.29%$461.34
120,050 at 2.3%$461.95
120,050 at 2.31%$462.57
120,050 at 2.32%$463.18
120,050 at 2.33%$463.80
120,050 at 2.34%$464.42
120,050 at 2.35%$465.03
120,050 at 2.36%$465.65
120,050 at 2.37%$466.27
120,050 at 2.38%$466.89
120,050 at 2.39%$467.51
120,050 at 2.4%$468.12
120,050 at 2.41%$468.74
120,050 at 2.42%$469.36
120,050 at 2.43%$469.99
120,050 at 2.44%$470.61
120,050 at 2.45%$471.23
120,050 at 2.46%$471.85
120,050 at 2.47%$472.47
120,050 at 2.48%$473.10
120,050 at 2.49%$473.72
120,050 at 2.5%$474.34
120,050 at 2.51%$474.97
120,050 at 2.52%$475.59
120,050 at 2.53%$476.22
120,050 at 2.54%$476.84
120,050 at 2.55%$477.47
120,050 at 2.56%$478.10
120,050 at 2.57%$478.72
120,050 at 2.58%$479.35
120,050 at 2.59%$479.98
120,050 at 2.6%$480.61
120,050 at 2.61%$481.24
120,050 at 2.62%$481.87
120,050 at 2.63%$482.50
120,050 at 2.64%$483.13
120,050 at 2.65%$483.76
120,050 at 2.66%$484.39
120,050 at 2.67%$485.02
120,050 at 2.68%$485.65
120,050 at 2.69%$486.29
120,050 at 2.7%$486.92
120,050 at 2.71%$487.55
120,050 at 2.72%$488.19
120,050 at 2.73%$488.82
120,050 at 2.74%$489.46
120,050 at 2.75%$490.09
120,050 at 2.76%$490.73
120,050 at 2.77%$491.37
120,050 at 2.78%$492.00
120,050 at 2.79%$492.64
120,050 at 2.8%$493.28
120,050 at 2.81%$493.92
120,050 at 2.82%$494.56
120,050 at 2.83%$495.20
120,050 at 2.84%$495.84
120,050 at 2.85%$496.48
120,050 at 2.86%$497.12
120,050 at 2.87%$497.76
120,050 at 2.88%$498.40
120,050 at 2.89%$499.04
120,050 at 2.9%$499.68
120,050 at 2.91%$500.33
120,050 at 2.92%$500.97
120,050 at 2.93%$501.61
120,050 at 2.94%$502.26
120,050 at 2.95%$502.90
120,050 at 2.96%$503.55
120,050 at 2.97%$504.20
120,050 at 2.98%$504.84
120,050 at 2.99%$505.49
120,050 at 3%$506.14
120,050 at 3.01%$506.78
120,050 at 3.02%$507.43
120,050 at 3.03%$508.08
120,050 at 3.04%$508.73
120,050 at 3.05%$509.38
120,050 at 3.06%$510.03
120,050 at 3.07%$510.68
120,050 at 3.08%$511.33
120,050 at 3.09%$511.98
120,050 at 3.1%$512.63
120,050 at 3.11%$513.29
120,050 at 3.12%$513.94
120,050 at 3.13%$514.59
120,050 at 3.14%$515.25
120,050 at 3.15%$515.90
120,050 at 3.16%$516.55
120,050 at 3.17%$517.21
120,050 at 3.18%$517.86
120,050 at 3.19%$518.52
120,050 at 3.2%$519.18
120,050 at 3.21%$519.83
120,050 at 3.22%$520.49
120,050 at 3.23%$521.15
120,050 at 3.24%$521.81
120,050 at 3.25%$522.47
120,050 at 3.26%$523.12
120,050 at 3.27%$523.78
120,050 at 3.28%$524.44
120,050 at 3.29%$525.10
120,050 at 3.3%$525.77
120,050 at 3.31%$526.43
120,050 at 3.32%$527.09
120,050 at 3.33%$527.75
120,050 at 3.34%$528.41
120,050 at 3.35%$529.08
120,050 at 3.36%$529.74
120,050 at 3.37%$530.40
120,050 at 3.38%$531.07
120,050 at 3.39%$531.73
120,050 at 3.4%$532.40
120,050 at 3.41%$533.07
120,050 at 3.42%$533.73
120,050 at 3.43%$534.40
120,050 at 3.44%$535.07
120,050 at 3.45%$535.73
120,050 at 3.46%$536.40
120,050 at 3.47%$537.07
120,050 at 3.48%$537.74
120,050 at 3.49%$538.41
120,050 at 3.5%$539.08
Interest Rate 30 Year
120,050 at 3.51%$539.75
120,050 at 3.52%$540.42
120,050 at 3.53%$541.09
120,050 at 3.54%$541.76
120,050 at 3.55%$542.43
120,050 at 3.56%$543.11
120,050 at 3.57%$543.78
120,050 at 3.58%$544.45
120,050 at 3.59%$545.13
120,050 at 3.6%$545.80
120,050 at 3.61%$546.48
120,050 at 3.62%$547.15
120,050 at 3.63%$547.83
120,050 at 3.64%$548.50
120,050 at 3.65%$549.18
120,050 at 3.66%$549.86
120,050 at 3.67%$550.53
120,050 at 3.68%$551.21
120,050 at 3.69%$551.89
120,050 at 3.7%$552.57
120,050 at 3.71%$553.25
120,050 at 3.72%$553.93
120,050 at 3.73%$554.61
120,050 at 3.74%$555.29
120,050 at 3.75%$555.97
120,050 at 3.76%$556.65
120,050 at 3.77%$557.33
120,050 at 3.78%$558.02
120,050 at 3.79%$558.70
120,050 at 3.8%$559.38
120,050 at 3.81%$560.07
120,050 at 3.82%$560.75
120,050 at 3.83%$561.43
120,050 at 3.84%$562.12
120,050 at 3.85%$562.80
120,050 at 3.86%$563.49
120,050 at 3.87%$564.18
120,050 at 3.88%$564.86
120,050 at 3.89%$565.55
120,050 at 3.9%$566.24
120,050 at 3.91%$566.93
120,050 at 3.92%$567.61
120,050 at 3.93%$568.30
120,050 at 3.94%$568.99
120,050 at 3.95%$569.68
120,050 at 3.96%$570.37
120,050 at 3.97%$571.06
120,050 at 3.98%$571.75
120,050 at 3.99%$572.45
120,050 at 4%$573.14
120,050 at 4.01%$573.83
120,050 at 4.02%$574.52
120,050 at 4.03%$575.22
120,050 at 4.04%$575.91
120,050 at 4.05%$576.60
120,050 at 4.06%$577.30
120,050 at 4.07%$577.99
120,050 at 4.08%$578.69
120,050 at 4.09%$579.38
120,050 at 4.1%$580.08
120,050 at 4.11%$580.78
120,050 at 4.12%$581.47
120,050 at 4.13%$582.17
120,050 at 4.14%$582.87
120,050 at 4.15%$583.57
120,050 at 4.16%$584.27
120,050 at 4.17%$584.96
120,050 at 4.18%$585.66
120,050 at 4.19%$586.36
120,050 at 4.2%$587.07
120,050 at 4.21%$587.77
120,050 at 4.22%$588.47
120,050 at 4.23%$589.17
120,050 at 4.24%$589.87
120,050 at 4.25%$590.57
120,050 at 4.26%$591.28
120,050 at 4.27%$591.98
120,050 at 4.28%$592.68
120,050 at 4.29%$593.39
120,050 at 4.3%$594.09
120,050 at 4.31%$594.80
120,050 at 4.32%$595.50
120,050 at 4.33%$596.21
120,050 at 4.34%$596.92
120,050 at 4.35%$597.62
120,050 at 4.36%$598.33
120,050 at 4.37%$599.04
120,050 at 4.38%$599.75
120,050 at 4.39%$600.45
120,050 at 4.4%$601.16
120,050 at 4.41%$601.87
120,050 at 4.42%$602.58
120,050 at 4.43%$603.29
120,050 at 4.44%$604.00
120,050 at 4.45%$604.71
120,050 at 4.46%$605.43
120,050 at 4.47%$606.14
120,050 at 4.48%$606.85
120,050 at 4.49%$607.56
120,050 at 4.5%$608.28
120,050 at 4.51%$608.99
120,050 at 4.52%$609.70
120,050 at 4.53%$610.42
120,050 at 4.54%$611.13
120,050 at 4.55%$611.85
120,050 at 4.56%$612.56
120,050 at 4.57%$613.28
120,050 at 4.58%$614.00
120,050 at 4.59%$614.71
120,050 at 4.6%$615.43
120,050 at 4.61%$616.15
120,050 at 4.62%$616.87
120,050 at 4.63%$617.58
120,050 at 4.64%$618.30
120,050 at 4.65%$619.02
120,050 at 4.66%$619.74
120,050 at 4.67%$620.46
120,050 at 4.68%$621.18
120,050 at 4.69%$621.90
120,050 at 4.7%$622.62
120,050 at 4.71%$623.35
120,050 at 4.72%$624.07
120,050 at 4.73%$624.79
120,050 at 4.74%$625.51
120,050 at 4.75%$626.24
120,050 at 4.76%$626.96
120,050 at 4.77%$627.69
120,050 at 4.78%$628.41
120,050 at 4.79%$629.14
120,050 at 4.8%$629.86
120,050 at 4.81%$630.59
120,050 at 4.82%$631.31
120,050 at 4.83%$632.04
120,050 at 4.84%$632.77
120,050 at 4.85%$633.49
120,050 at 4.86%$634.22
120,050 at 4.87%$634.95
120,050 at 4.88%$635.68
120,050 at 4.89%$636.41
120,050 at 4.9%$637.14
120,050 at 4.91%$637.87
120,050 at 4.92%$638.60
120,050 at 4.93%$639.33
120,050 at 4.94%$640.06
120,050 at 4.95%$640.79
120,050 at 4.96%$641.52
120,050 at 4.97%$642.26
120,050 at 4.98%$642.99
120,050 at 4.99%$643.72
120,050 at 5%$644.45
Interest Rate 30 Year
120,050 at 5.01%$645.19
120,050 at 5.02%$645.92
120,050 at 5.03%$646.66
120,050 at 5.04%$647.39
120,050 at 5.05%$648.13
120,050 at 5.06%$648.86
120,050 at 5.07%$649.60
120,050 at 5.08%$650.34
120,050 at 5.09%$651.07
120,050 at 5.1%$651.81
120,050 at 5.11%$652.55
120,050 at 5.12%$653.29
120,050 at 5.13%$654.03
120,050 at 5.14%$654.77
120,050 at 5.15%$655.50
120,050 at 5.16%$656.24
120,050 at 5.17%$656.98
120,050 at 5.18%$657.73
120,050 at 5.19%$658.47
120,050 at 5.2%$659.21
120,050 at 5.21%$659.95
120,050 at 5.22%$660.69
120,050 at 5.23%$661.43
120,050 at 5.24%$662.18
120,050 at 5.25%$662.92
120,050 at 5.26%$663.66
120,050 at 5.27%$664.41
120,050 at 5.28%$665.15
120,050 at 5.29%$665.90
120,050 at 5.3%$666.64
120,050 at 5.31%$667.39
120,050 at 5.32%$668.14
120,050 at 5.33%$668.88
120,050 at 5.34%$669.63
120,050 at 5.35%$670.38
120,050 at 5.36%$671.12
120,050 at 5.37%$671.87
120,050 at 5.38%$672.62
120,050 at 5.39%$673.37
120,050 at 5.4%$674.12
120,050 at 5.41%$674.87
120,050 at 5.42%$675.62
120,050 at 5.43%$676.37
120,050 at 5.44%$677.12
120,050 at 5.45%$677.87
120,050 at 5.46%$678.62
120,050 at 5.47%$679.37
120,050 at 5.48%$680.13
120,050 at 5.49%$680.88
120,050 at 5.5%$681.63
120,050 at 5.51%$682.38
120,050 at 5.52%$683.14
120,050 at 5.53%$683.89
120,050 at 5.54%$684.65
120,050 at 5.55%$685.40
120,050 at 5.56%$686.16
120,050 at 5.57%$686.91
120,050 at 5.58%$687.67
120,050 at 5.59%$688.42
120,050 at 5.6%$689.18
120,050 at 5.61%$689.94
120,050 at 5.62%$690.70
120,050 at 5.63%$691.45
120,050 at 5.64%$692.21
120,050 at 5.65%$692.97
120,050 at 5.66%$693.73
120,050 at 5.67%$694.49
120,050 at 5.68%$695.25
120,050 at 5.69%$696.01
120,050 at 5.7%$696.77
120,050 at 5.71%$697.53
120,050 at 5.72%$698.29
120,050 at 5.73%$699.05
120,050 at 5.74%$699.82
120,050 at 5.75%$700.58
120,050 at 5.76%$701.34
120,050 at 5.77%$702.11
120,050 at 5.78%$702.87
120,050 at 5.79%$703.63
120,050 at 5.8%$704.40
120,050 at 5.81%$705.16
120,050 at 5.82%$705.93
120,050 at 5.83%$706.69
120,050 at 5.84%$707.46
120,050 at 5.85%$708.22
120,050 at 5.86%$708.99
120,050 at 5.87%$709.76
120,050 at 5.88%$710.52
120,050 at 5.89%$711.29
120,050 at 5.9%$712.06
120,050 at 5.91%$712.83
120,050 at 5.92%$713.60
120,050 at 5.93%$714.37
120,050 at 5.94%$715.14
120,050 at 5.95%$715.91
120,050 at 5.96%$716.68
120,050 at 5.97%$717.45
120,050 at 5.98%$718.22
120,050 at 5.99%$718.99
120,050 at 6%$719.76
120,050 at 6.01%$720.53
120,050 at 6.02%$721.30
120,050 at 6.03%$722.08
120,050 at 6.04%$722.85
120,050 at 6.05%$723.62
120,050 at 6.06%$724.40
120,050 at 6.07%$725.17
120,050 at 6.08%$725.95
120,050 at 6.09%$726.72
120,050 at 6.1%$727.50
120,050 at 6.11%$728.27
120,050 at 6.12%$729.05
120,050 at 6.13%$729.82
120,050 at 6.14%$730.60
120,050 at 6.15%$731.38
120,050 at 6.16%$732.16
120,050 at 6.17%$732.93
120,050 at 6.18%$733.71
120,050 at 6.19%$734.49
120,050 at 6.2%$735.27
120,050 at 6.21%$736.05
120,050 at 6.22%$736.83
120,050 at 6.23%$737.61
120,050 at 6.24%$738.39
120,050 at 6.25%$739.17
120,050 at 6.26%$739.95
120,050 at 6.27%$740.73
120,050 at 6.28%$741.51
120,050 at 6.29%$742.29
120,050 at 6.3%$743.08
120,050 at 6.31%$743.86
120,050 at 6.32%$744.64
120,050 at 6.33%$745.43
120,050 at 6.34%$746.21
120,050 at 6.35%$746.99
120,050 at 6.36%$747.78
120,050 at 6.37%$748.56
120,050 at 6.38%$749.35
120,050 at 6.39%$750.13
120,050 at 6.4%$750.92
120,050 at 6.41%$751.71
120,050 at 6.42%$752.49
120,050 at 6.43%$753.28
120,050 at 6.44%$754.07
120,050 at 6.45%$754.85
120,050 at 6.46%$755.64
120,050 at 6.47%$756.43
120,050 at 6.48%$757.22
120,050 at 6.49%$758.01
120,050 at 6.5%$758.80
Interest Rate 30 Year
120,050 at 6.51%$759.59
120,050 at 6.52%$760.38
120,050 at 6.53%$761.17
120,050 at 6.54%$761.96
120,050 at 6.55%$762.75
120,050 at 6.56%$763.54
120,050 at 6.57%$764.33
120,050 at 6.58%$765.12
120,050 at 6.59%$765.92
120,050 at 6.6%$766.71
120,050 at 6.61%$767.50
120,050 at 6.62%$768.30
120,050 at 6.63%$769.09
120,050 at 6.64%$769.88
120,050 at 6.65%$770.68
120,050 at 6.66%$771.47
120,050 at 6.67%$772.27
120,050 at 6.68%$773.06
120,050 at 6.69%$773.86
120,050 at 6.7%$774.66
120,050 at 6.71%$775.45
120,050 at 6.72%$776.25
120,050 at 6.73%$777.05
120,050 at 6.74%$777.84
120,050 at 6.75%$778.64
120,050 at 6.76%$779.44
120,050 at 6.77%$780.24
120,050 at 6.78%$781.04
120,050 at 6.79%$781.84
120,050 at 6.8%$782.64
120,050 at 6.81%$783.44
120,050 at 6.82%$784.24
120,050 at 6.83%$785.04
120,050 at 6.84%$785.84
120,050 at 6.85%$786.64
120,050 at 6.86%$787.44
120,050 at 6.87%$788.24
120,050 at 6.88%$789.04
120,050 at 6.89%$789.85
120,050 at 6.9%$790.65
120,050 at 6.91%$791.45
120,050 at 6.92%$792.26
120,050 at 6.93%$793.06
120,050 at 6.94%$793.86
120,050 at 6.95%$794.67
120,050 at 6.96%$795.47
120,050 at 6.97%$796.28
120,050 at 6.98%$797.08
120,050 at 6.99%$797.89
120,050 at 7%$798.70
120,050 at 7.01%$799.50
120,050 at 7.02%$800.31
120,050 at 7.03%$801.12
120,050 at 7.04%$801.92
120,050 at 7.05%$802.73
120,050 at 7.06%$803.54
120,050 at 7.07%$804.35
120,050 at 7.08%$805.16
120,050 at 7.09%$805.97
120,050 at 7.1%$806.77
120,050 at 7.11%$807.58
120,050 at 7.12%$808.39
120,050 at 7.13%$809.20
120,050 at 7.14%$810.01
120,050 at 7.15%$810.83
120,050 at 7.16%$811.64
120,050 at 7.17%$812.45
120,050 at 7.18%$813.26
120,050 at 7.19%$814.07
120,050 at 7.2%$814.89
120,050 at 7.21%$815.70
120,050 at 7.22%$816.51
120,050 at 7.23%$817.32
120,050 at 7.24%$818.14
120,050 at 7.25%$818.95
120,050 at 7.26%$819.77
120,050 at 7.27%$820.58
120,050 at 7.28%$821.40
120,050 at 7.29%$822.21
120,050 at 7.3%$823.03
120,050 at 7.31%$823.84
120,050 at 7.32%$824.66
120,050 at 7.33%$825.48
120,050 at 7.34%$826.29
120,050 at 7.35%$827.11
120,050 at 7.36%$827.93
120,050 at 7.37%$828.75
120,050 at 7.38%$829.56
120,050 at 7.39%$830.38
120,050 at 7.4%$831.20
120,050 at 7.41%$832.02
120,050 at 7.42%$832.84
120,050 at 7.43%$833.66
120,050 at 7.44%$834.48
120,050 at 7.45%$835.30
120,050 at 7.46%$836.12
120,050 at 7.47%$836.94
120,050 at 7.48%$837.76
120,050 at 7.49%$838.59
120,050 at 7.5%$839.41
120,050 at 7.51%$840.23
120,050 at 7.52%$841.05
120,050 at 7.53%$841.87
120,050 at 7.54%$842.70
120,050 at 7.55%$843.52
120,050 at 7.56%$844.34
120,050 at 7.57%$845.17
120,050 at 7.58%$845.99
120,050 at 7.59%$846.82
120,050 at 7.6%$847.64
120,050 at 7.61%$848.47
120,050 at 7.62%$849.29
120,050 at 7.63%$850.12
120,050 at 7.64%$850.95
120,050 at 7.65%$851.77
120,050 at 7.66%$852.60
120,050 at 7.67%$853.43
120,050 at 7.68%$854.25
120,050 at 7.69%$855.08
120,050 at 7.7%$855.91
120,050 at 7.71%$856.74
120,050 at 7.72%$857.57
120,050 at 7.73%$858.39
120,050 at 7.74%$859.22
120,050 at 7.75%$860.05
120,050 at 7.76%$860.88
120,050 at 7.77%$861.71
120,050 at 7.78%$862.54
120,050 at 7.79%$863.37
120,050 at 7.8%$864.20
120,050 at 7.81%$865.04
120,050 at 7.82%$865.87
120,050 at 7.83%$866.70
120,050 at 7.84%$867.53
120,050 at 7.85%$868.36
120,050 at 7.86%$869.20
120,050 at 7.87%$870.03
120,050 at 7.88%$870.86
120,050 at 7.89%$871.70
120,050 at 7.9%$872.53
120,050 at 7.91%$873.36
120,050 at 7.92%$874.20
120,050 at 7.93%$875.03
120,050 at 7.94%$875.87
120,050 at 7.95%$876.70
120,050 at 7.96%$877.54
120,050 at 7.97%$878.37
120,050 at 7.98%$879.21
120,050 at 7.99%$880.05
120,050 at 8%$880.88
More Amounts
What is the down payment for a $120,050 house? How much do you need to put down?
Percent Down Down Payment
1%1,201
2%2,401
3%3,602
4%4,802
5%6,003
6%7,203
7%8,404
8%9,604
9%10,805
10%12,005
11%13,206
12%14,406
13%15,607
14%16,807
15%18,008
16%19,208
17%20,409
18%21,609
19%22,810
20%24,010
Percent Down Down Payment
21%25,211
22%26,411
23%27,612
24%28,812
25%30,013
26%31,213
27%32,414
28%33,614
29%34,815
30%36,015
31%37,216
32%38,416
33%39,617
34%40,817
35%42,018
36%43,218
37%44,419
38%45,619
39%46,820
40%48,020
Percent Down Down Payment
41%49,221
42%50,421
43%51,622
44%52,822
45%54,023
46%55,223
47%56,424
48%57,624
49%58,825
50%60,025
51%61,226
52%62,426
53%63,627
54%64,827
55%66,028
56%67,228
57%68,429
58%69,629
59%70,830
60%72,030
Percent Down Down Payment
61%73,231
62%74,431
63%75,632
64%76,832
65%78,033
66%79,233
67%80,434
68%81,634
69%82,835
70%84,035
71%85,236
72%86,436
73%87,637
74%88,837
75%90,038
76%91,238
77%92,439
78%93,639
79%94,840
80%96,040
Percent Down Down Payment
81%97,241
82%98,441
83%99,642
84%100,842
85%102,043
86%103,243
87%104,444
88%105,644
89%106,845
90%108,045
91%109,246
92%110,446
93%111,647
94%112,847
95%114,048
96%115,248
97%116,449
98%117,649
99%118,850
100%120,050
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.