$121,950 Mortgage for 30 Years

What is the monthly payment of a 121,950 dollar loan?
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Loan Tables for a $121,950 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 122k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $121,950 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
121,950 at 2.01%$451.36
121,950 at 2.02%$451.97
121,950 at 2.03%$452.58
121,950 at 2.04%$453.19
121,950 at 2.05%$453.81
121,950 at 2.06%$454.42
121,950 at 2.07%$455.03
121,950 at 2.08%$455.65
121,950 at 2.09%$456.26
121,950 at 2.1%$456.87
121,950 at 2.11%$457.49
121,950 at 2.12%$458.10
121,950 at 2.13%$458.72
121,950 at 2.14%$459.34
121,950 at 2.15%$459.95
121,950 at 2.16%$460.57
121,950 at 2.17%$461.19
121,950 at 2.18%$461.81
121,950 at 2.19%$462.43
121,950 at 2.2%$463.05
121,950 at 2.21%$463.66
121,950 at 2.22%$464.29
121,950 at 2.23%$464.91
121,950 at 2.24%$465.53
121,950 at 2.25%$466.15
121,950 at 2.26%$466.77
121,950 at 2.27%$467.39
121,950 at 2.28%$468.02
121,950 at 2.29%$468.64
121,950 at 2.3%$469.27
121,950 at 2.31%$469.89
121,950 at 2.32%$470.51
121,950 at 2.33%$471.14
121,950 at 2.34%$471.77
121,950 at 2.35%$472.39
121,950 at 2.36%$473.02
121,950 at 2.37%$473.65
121,950 at 2.38%$474.28
121,950 at 2.39%$474.90
121,950 at 2.4%$475.53
121,950 at 2.41%$476.16
121,950 at 2.42%$476.79
121,950 at 2.43%$477.42
121,950 at 2.44%$478.05
121,950 at 2.45%$478.69
121,950 at 2.46%$479.32
121,950 at 2.47%$479.95
121,950 at 2.48%$480.58
121,950 at 2.49%$481.22
121,950 at 2.5%$481.85
121,950 at 2.51%$482.48
121,950 at 2.52%$483.12
121,950 at 2.53%$483.75
121,950 at 2.54%$484.39
121,950 at 2.55%$485.03
121,950 at 2.56%$485.66
121,950 at 2.57%$486.30
121,950 at 2.58%$486.94
121,950 at 2.59%$487.58
121,950 at 2.6%$488.21
121,950 at 2.61%$488.85
121,950 at 2.62%$489.49
121,950 at 2.63%$490.13
121,950 at 2.64%$490.77
121,950 at 2.65%$491.41
121,950 at 2.66%$492.06
121,950 at 2.67%$492.70
121,950 at 2.68%$493.34
121,950 at 2.69%$493.98
121,950 at 2.7%$494.63
121,950 at 2.71%$495.27
121,950 at 2.72%$495.91
121,950 at 2.73%$496.56
121,950 at 2.74%$497.20
121,950 at 2.75%$497.85
121,950 at 2.76%$498.50
121,950 at 2.77%$499.14
121,950 at 2.78%$499.79
121,950 at 2.79%$500.44
121,950 at 2.8%$501.09
121,950 at 2.81%$501.73
121,950 at 2.82%$502.38
121,950 at 2.83%$503.03
121,950 at 2.84%$503.68
121,950 at 2.85%$504.33
121,950 at 2.86%$504.98
121,950 at 2.87%$505.64
121,950 at 2.88%$506.29
121,950 at 2.89%$506.94
121,950 at 2.9%$507.59
121,950 at 2.91%$508.25
121,950 at 2.92%$508.90
121,950 at 2.93%$509.55
121,950 at 2.94%$510.21
121,950 at 2.95%$510.86
121,950 at 2.96%$511.52
121,950 at 2.97%$512.18
121,950 at 2.98%$512.83
121,950 at 2.99%$513.49
121,950 at 3%$514.15
121,950 at 3.01%$514.80
121,950 at 3.02%$515.46
121,950 at 3.03%$516.12
121,950 at 3.04%$516.78
121,950 at 3.05%$517.44
121,950 at 3.06%$518.10
121,950 at 3.07%$518.76
121,950 at 3.08%$519.42
121,950 at 3.09%$520.08
121,950 at 3.1%$520.75
121,950 at 3.11%$521.41
121,950 at 3.12%$522.07
121,950 at 3.13%$522.74
121,950 at 3.14%$523.40
121,950 at 3.15%$524.06
121,950 at 3.16%$524.73
121,950 at 3.17%$525.39
121,950 at 3.18%$526.06
121,950 at 3.19%$526.73
121,950 at 3.2%$527.39
121,950 at 3.21%$528.06
121,950 at 3.22%$528.73
121,950 at 3.23%$529.40
121,950 at 3.24%$530.07
121,950 at 3.25%$530.73
121,950 at 3.26%$531.40
121,950 at 3.27%$532.07
121,950 at 3.28%$532.74
121,950 at 3.29%$533.42
121,950 at 3.3%$534.09
121,950 at 3.31%$534.76
121,950 at 3.32%$535.43
121,950 at 3.33%$536.10
121,950 at 3.34%$536.78
121,950 at 3.35%$537.45
121,950 at 3.36%$538.12
121,950 at 3.37%$538.80
121,950 at 3.38%$539.47
121,950 at 3.39%$540.15
121,950 at 3.4%$540.83
121,950 at 3.41%$541.50
121,950 at 3.42%$542.18
121,950 at 3.43%$542.86
121,950 at 3.44%$543.53
121,950 at 3.45%$544.21
121,950 at 3.46%$544.89
121,950 at 3.47%$545.57
121,950 at 3.48%$546.25
121,950 at 3.49%$546.93
121,950 at 3.5%$547.61
Interest Rate 30 Year
121,950 at 3.51%$548.29
121,950 at 3.52%$548.97
121,950 at 3.53%$549.65
121,950 at 3.54%$550.34
121,950 at 3.55%$551.02
121,950 at 3.56%$551.70
121,950 at 3.57%$552.39
121,950 at 3.58%$553.07
121,950 at 3.59%$553.75
121,950 at 3.6%$554.44
121,950 at 3.61%$555.13
121,950 at 3.62%$555.81
121,950 at 3.63%$556.50
121,950 at 3.64%$557.18
121,950 at 3.65%$557.87
121,950 at 3.66%$558.56
121,950 at 3.67%$559.25
121,950 at 3.68%$559.94
121,950 at 3.69%$560.63
121,950 at 3.7%$561.32
121,950 at 3.71%$562.01
121,950 at 3.72%$562.70
121,950 at 3.73%$563.39
121,950 at 3.74%$564.08
121,950 at 3.75%$564.77
121,950 at 3.76%$565.46
121,950 at 3.77%$566.15
121,950 at 3.78%$566.85
121,950 at 3.79%$567.54
121,950 at 3.8%$568.23
121,950 at 3.81%$568.93
121,950 at 3.82%$569.62
121,950 at 3.83%$570.32
121,950 at 3.84%$571.02
121,950 at 3.85%$571.71
121,950 at 3.86%$572.41
121,950 at 3.87%$573.11
121,950 at 3.88%$573.80
121,950 at 3.89%$574.50
121,950 at 3.9%$575.20
121,950 at 3.91%$575.90
121,950 at 3.92%$576.60
121,950 at 3.93%$577.30
121,950 at 3.94%$578.00
121,950 at 3.95%$578.70
121,950 at 3.96%$579.40
121,950 at 3.97%$580.10
121,950 at 3.98%$580.80
121,950 at 3.99%$581.51
121,950 at 4%$582.21
121,950 at 4.01%$582.91
121,950 at 4.02%$583.61
121,950 at 4.03%$584.32
121,950 at 4.04%$585.02
121,950 at 4.05%$585.73
121,950 at 4.06%$586.43
121,950 at 4.07%$587.14
121,950 at 4.08%$587.85
121,950 at 4.09%$588.55
121,950 at 4.1%$589.26
121,950 at 4.11%$589.97
121,950 at 4.12%$590.68
121,950 at 4.13%$591.38
121,950 at 4.14%$592.09
121,950 at 4.15%$592.80
121,950 at 4.16%$593.51
121,950 at 4.17%$594.22
121,950 at 4.18%$594.93
121,950 at 4.19%$595.64
121,950 at 4.2%$596.36
121,950 at 4.21%$597.07
121,950 at 4.22%$597.78
121,950 at 4.23%$598.49
121,950 at 4.24%$599.21
121,950 at 4.25%$599.92
121,950 at 4.26%$600.63
121,950 at 4.27%$601.35
121,950 at 4.28%$602.06
121,950 at 4.29%$602.78
121,950 at 4.3%$603.50
121,950 at 4.31%$604.21
121,950 at 4.32%$604.93
121,950 at 4.33%$605.65
121,950 at 4.34%$606.36
121,950 at 4.35%$607.08
121,950 at 4.36%$607.80
121,950 at 4.37%$608.52
121,950 at 4.38%$609.24
121,950 at 4.39%$609.96
121,950 at 4.4%$610.68
121,950 at 4.41%$611.40
121,950 at 4.42%$612.12
121,950 at 4.43%$612.84
121,950 at 4.44%$613.56
121,950 at 4.45%$614.29
121,950 at 4.46%$615.01
121,950 at 4.47%$615.73
121,950 at 4.48%$616.45
121,950 at 4.49%$617.18
121,950 at 4.5%$617.90
121,950 at 4.51%$618.63
121,950 at 4.52%$619.35
121,950 at 4.53%$620.08
121,950 at 4.54%$620.80
121,950 at 4.55%$621.53
121,950 at 4.56%$622.26
121,950 at 4.57%$622.99
121,950 at 4.58%$623.71
121,950 at 4.59%$624.44
121,950 at 4.6%$625.17
121,950 at 4.61%$625.90
121,950 at 4.62%$626.63
121,950 at 4.63%$627.36
121,950 at 4.64%$628.09
121,950 at 4.65%$628.82
121,950 at 4.66%$629.55
121,950 at 4.67%$630.28
121,950 at 4.68%$631.01
121,950 at 4.69%$631.75
121,950 at 4.7%$632.48
121,950 at 4.71%$633.21
121,950 at 4.72%$633.95
121,950 at 4.73%$634.68
121,950 at 4.74%$635.41
121,950 at 4.75%$636.15
121,950 at 4.76%$636.88
121,950 at 4.77%$637.62
121,950 at 4.78%$638.36
121,950 at 4.79%$639.09
121,950 at 4.8%$639.83
121,950 at 4.81%$640.57
121,950 at 4.82%$641.30
121,950 at 4.83%$642.04
121,950 at 4.84%$642.78
121,950 at 4.85%$643.52
121,950 at 4.86%$644.26
121,950 at 4.87%$645.00
121,950 at 4.88%$645.74
121,950 at 4.89%$646.48
121,950 at 4.9%$647.22
121,950 at 4.91%$647.96
121,950 at 4.92%$648.70
121,950 at 4.93%$649.45
121,950 at 4.94%$650.19
121,950 at 4.95%$650.93
121,950 at 4.96%$651.68
121,950 at 4.97%$652.42
121,950 at 4.98%$653.16
121,950 at 4.99%$653.91
121,950 at 5%$654.65
Interest Rate 30 Year
121,950 at 5.01%$655.40
121,950 at 5.02%$656.15
121,950 at 5.03%$656.89
121,950 at 5.04%$657.64
121,950 at 5.05%$658.39
121,950 at 5.06%$659.13
121,950 at 5.07%$659.88
121,950 at 5.08%$660.63
121,950 at 5.09%$661.38
121,950 at 5.1%$662.13
121,950 at 5.11%$662.88
121,950 at 5.12%$663.63
121,950 at 5.13%$664.38
121,950 at 5.14%$665.13
121,950 at 5.15%$665.88
121,950 at 5.16%$666.63
121,950 at 5.17%$667.38
121,950 at 5.18%$668.13
121,950 at 5.19%$668.89
121,950 at 5.2%$669.64
121,950 at 5.21%$670.39
121,950 at 5.22%$671.15
121,950 at 5.23%$671.90
121,950 at 5.24%$672.66
121,950 at 5.25%$673.41
121,950 at 5.26%$674.17
121,950 at 5.27%$674.92
121,950 at 5.28%$675.68
121,950 at 5.29%$676.44
121,950 at 5.3%$677.19
121,950 at 5.31%$677.95
121,950 at 5.32%$678.71
121,950 at 5.33%$679.47
121,950 at 5.34%$680.23
121,950 at 5.35%$680.99
121,950 at 5.36%$681.74
121,950 at 5.37%$682.50
121,950 at 5.38%$683.27
121,950 at 5.39%$684.03
121,950 at 5.4%$684.79
121,950 at 5.41%$685.55
121,950 at 5.42%$686.31
121,950 at 5.43%$687.07
121,950 at 5.44%$687.83
121,950 at 5.45%$688.60
121,950 at 5.46%$689.36
121,950 at 5.47%$690.13
121,950 at 5.48%$690.89
121,950 at 5.49%$691.65
121,950 at 5.5%$692.42
121,950 at 5.51%$693.18
121,950 at 5.52%$693.95
121,950 at 5.53%$694.72
121,950 at 5.54%$695.48
121,950 at 5.55%$696.25
121,950 at 5.56%$697.02
121,950 at 5.57%$697.78
121,950 at 5.58%$698.55
121,950 at 5.59%$699.32
121,950 at 5.6%$700.09
121,950 at 5.61%$700.86
121,950 at 5.62%$701.63
121,950 at 5.63%$702.40
121,950 at 5.64%$703.17
121,950 at 5.65%$703.94
121,950 at 5.66%$704.71
121,950 at 5.67%$705.48
121,950 at 5.68%$706.25
121,950 at 5.69%$707.03
121,950 at 5.7%$707.80
121,950 at 5.71%$708.57
121,950 at 5.72%$709.34
121,950 at 5.73%$710.12
121,950 at 5.74%$710.89
121,950 at 5.75%$711.67
121,950 at 5.76%$712.44
121,950 at 5.77%$713.22
121,950 at 5.78%$713.99
121,950 at 5.79%$714.77
121,950 at 5.8%$715.55
121,950 at 5.81%$716.32
121,950 at 5.82%$717.10
121,950 at 5.83%$717.88
121,950 at 5.84%$718.65
121,950 at 5.85%$719.43
121,950 at 5.86%$720.21
121,950 at 5.87%$720.99
121,950 at 5.88%$721.77
121,950 at 5.89%$722.55
121,950 at 5.9%$723.33
121,950 at 5.91%$724.11
121,950 at 5.92%$724.89
121,950 at 5.93%$725.67
121,950 at 5.94%$726.45
121,950 at 5.95%$727.24
121,950 at 5.96%$728.02
121,950 at 5.97%$728.80
121,950 at 5.98%$729.58
121,950 at 5.99%$730.37
121,950 at 6%$731.15
121,950 at 6.01%$731.94
121,950 at 6.02%$732.72
121,950 at 6.03%$733.51
121,950 at 6.04%$734.29
121,950 at 6.05%$735.08
121,950 at 6.06%$735.86
121,950 at 6.07%$736.65
121,950 at 6.08%$737.44
121,950 at 6.09%$738.22
121,950 at 6.1%$739.01
121,950 at 6.11%$739.80
121,950 at 6.12%$740.59
121,950 at 6.13%$741.38
121,950 at 6.14%$742.16
121,950 at 6.15%$742.95
121,950 at 6.16%$743.74
121,950 at 6.17%$744.53
121,950 at 6.18%$745.32
121,950 at 6.19%$746.11
121,950 at 6.2%$746.91
121,950 at 6.21%$747.70
121,950 at 6.22%$748.49
121,950 at 6.23%$749.28
121,950 at 6.24%$750.07
121,950 at 6.25%$750.87
121,950 at 6.26%$751.66
121,950 at 6.27%$752.45
121,950 at 6.28%$753.25
121,950 at 6.29%$754.04
121,950 at 6.3%$754.84
121,950 at 6.31%$755.63
121,950 at 6.32%$756.43
121,950 at 6.33%$757.22
121,950 at 6.34%$758.02
121,950 at 6.35%$758.82
121,950 at 6.36%$759.61
121,950 at 6.37%$760.41
121,950 at 6.38%$761.21
121,950 at 6.39%$762.01
121,950 at 6.4%$762.80
121,950 at 6.41%$763.60
121,950 at 6.42%$764.40
121,950 at 6.43%$765.20
121,950 at 6.44%$766.00
121,950 at 6.45%$766.80
121,950 at 6.46%$767.60
121,950 at 6.47%$768.40
121,950 at 6.48%$769.20
121,950 at 6.49%$770.01
121,950 at 6.5%$770.81
Interest Rate 30 Year
121,950 at 6.51%$771.61
121,950 at 6.52%$772.41
121,950 at 6.53%$773.21
121,950 at 6.54%$774.02
121,950 at 6.55%$774.82
121,950 at 6.56%$775.63
121,950 at 6.57%$776.43
121,950 at 6.58%$777.23
121,950 at 6.59%$778.04
121,950 at 6.6%$778.84
121,950 at 6.61%$779.65
121,950 at 6.62%$780.46
121,950 at 6.63%$781.26
121,950 at 6.64%$782.07
121,950 at 6.65%$782.88
121,950 at 6.66%$783.68
121,950 at 6.67%$784.49
121,950 at 6.68%$785.30
121,950 at 6.69%$786.11
121,950 at 6.7%$786.92
121,950 at 6.71%$787.73
121,950 at 6.72%$788.54
121,950 at 6.73%$789.34
121,950 at 6.74%$790.15
121,950 at 6.75%$790.97
121,950 at 6.76%$791.78
121,950 at 6.77%$792.59
121,950 at 6.78%$793.40
121,950 at 6.79%$794.21
121,950 at 6.8%$795.02
121,950 at 6.81%$795.84
121,950 at 6.82%$796.65
121,950 at 6.83%$797.46
121,950 at 6.84%$798.27
121,950 at 6.85%$799.09
121,950 at 6.86%$799.90
121,950 at 6.87%$800.72
121,950 at 6.88%$801.53
121,950 at 6.89%$802.35
121,950 at 6.9%$803.16
121,950 at 6.91%$803.98
121,950 at 6.92%$804.79
121,950 at 6.93%$805.61
121,950 at 6.94%$806.43
121,950 at 6.95%$807.25
121,950 at 6.96%$808.06
121,950 at 6.97%$808.88
121,950 at 6.98%$809.70
121,950 at 6.99%$810.52
121,950 at 7%$811.34
121,950 at 7.01%$812.16
121,950 at 7.02%$812.98
121,950 at 7.03%$813.79
121,950 at 7.04%$814.62
121,950 at 7.05%$815.44
121,950 at 7.06%$816.26
121,950 at 7.07%$817.08
121,950 at 7.08%$817.90
121,950 at 7.09%$818.72
121,950 at 7.1%$819.54
121,950 at 7.11%$820.37
121,950 at 7.12%$821.19
121,950 at 7.13%$822.01
121,950 at 7.14%$822.83
121,950 at 7.15%$823.66
121,950 at 7.16%$824.48
121,950 at 7.17%$825.31
121,950 at 7.18%$826.13
121,950 at 7.19%$826.96
121,950 at 7.2%$827.78
121,950 at 7.21%$828.61
121,950 at 7.22%$829.43
121,950 at 7.23%$830.26
121,950 at 7.24%$831.09
121,950 at 7.25%$831.91
121,950 at 7.26%$832.74
121,950 at 7.27%$833.57
121,950 at 7.28%$834.40
121,950 at 7.29%$835.23
121,950 at 7.3%$836.05
121,950 at 7.31%$836.88
121,950 at 7.32%$837.71
121,950 at 7.33%$838.54
121,950 at 7.34%$839.37
121,950 at 7.35%$840.20
121,950 at 7.36%$841.03
121,950 at 7.37%$841.86
121,950 at 7.38%$842.69
121,950 at 7.39%$843.53
121,950 at 7.4%$844.36
121,950 at 7.41%$845.19
121,950 at 7.42%$846.02
121,950 at 7.43%$846.85
121,950 at 7.44%$847.69
121,950 at 7.45%$848.52
121,950 at 7.46%$849.35
121,950 at 7.47%$850.19
121,950 at 7.48%$851.02
121,950 at 7.49%$851.86
121,950 at 7.5%$852.69
121,950 at 7.51%$853.53
121,950 at 7.52%$854.36
121,950 at 7.53%$855.20
121,950 at 7.54%$856.03
121,950 at 7.55%$856.87
121,950 at 7.56%$857.71
121,950 at 7.57%$858.55
121,950 at 7.58%$859.38
121,950 at 7.59%$860.22
121,950 at 7.6%$861.06
121,950 at 7.61%$861.90
121,950 at 7.62%$862.74
121,950 at 7.63%$863.57
121,950 at 7.64%$864.41
121,950 at 7.65%$865.25
121,950 at 7.66%$866.09
121,950 at 7.67%$866.93
121,950 at 7.68%$867.77
121,950 at 7.69%$868.61
121,950 at 7.7%$869.45
121,950 at 7.71%$870.30
121,950 at 7.72%$871.14
121,950 at 7.73%$871.98
121,950 at 7.74%$872.82
121,950 at 7.75%$873.66
121,950 at 7.76%$874.51
121,950 at 7.77%$875.35
121,950 at 7.78%$876.19
121,950 at 7.79%$877.04
121,950 at 7.8%$877.88
121,950 at 7.81%$878.73
121,950 at 7.82%$879.57
121,950 at 7.83%$880.42
121,950 at 7.84%$881.26
121,950 at 7.85%$882.11
121,950 at 7.86%$882.95
121,950 at 7.87%$883.80
121,950 at 7.88%$884.65
121,950 at 7.89%$885.49
121,950 at 7.9%$886.34
121,950 at 7.91%$887.19
121,950 at 7.92%$888.03
121,950 at 7.93%$888.88
121,950 at 7.94%$889.73
121,950 at 7.95%$890.58
121,950 at 7.96%$891.43
121,950 at 7.97%$892.28
121,950 at 7.98%$893.13
121,950 at 7.99%$893.98
121,950 at 8%$894.83
More Amounts
What is the down payment for a $121,950 house? How much do you need to put down?
Percent Down Down Payment
1%1,220
2%2,439
3%3,659
4%4,878
5%6,098
6%7,317
7%8,537
8%9,756
9%10,976
10%12,195
11%13,415
12%14,634
13%15,854
14%17,073
15%18,293
16%19,512
17%20,732
18%21,951
19%23,171
20%24,390
Percent Down Down Payment
21%25,610
22%26,829
23%28,049
24%29,268
25%30,488
26%31,707
27%32,927
28%34,146
29%35,366
30%36,585
31%37,805
32%39,024
33%40,244
34%41,463
35%42,683
36%43,902
37%45,122
38%46,341
39%47,561
40%48,780
Percent Down Down Payment
41%50,000
42%51,219
43%52,439
44%53,658
45%54,878
46%56,097
47%57,317
48%58,536
49%59,756
50%60,975
51%62,195
52%63,414
53%64,634
54%65,853
55%67,073
56%68,292
57%69,512
58%70,731
59%71,951
60%73,170
Percent Down Down Payment
61%74,390
62%75,609
63%76,829
64%78,048
65%79,268
66%80,487
67%81,707
68%82,926
69%84,146
70%85,365
71%86,585
72%87,804
73%89,024
74%90,243
75%91,463
76%92,682
77%93,902
78%95,121
79%96,341
80%97,560
Percent Down Down Payment
81%98,780
82%99,999
83%101,219
84%102,438
85%103,658
86%104,877
87%106,097
88%107,316
89%108,536
90%109,755
91%110,975
92%112,194
93%113,414
94%114,633
95%115,853
96%117,072
97%118,292
98%119,511
99%120,731
100%121,950
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.