$122,250 Mortgage for 30 Years

What is the monthly payment of a 122,250 dollar loan?
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Loan Tables for a $122,250 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 $122,250 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
122,250 at 2.01%$452.47
122,250 at 2.02%$453.08
122,250 at 2.03%$453.70
122,250 at 2.04%$454.31
122,250 at 2.05%$454.92
122,250 at 2.06%$455.54
122,250 at 2.07%$456.15
122,250 at 2.08%$456.77
122,250 at 2.09%$457.38
122,250 at 2.1%$458.00
122,250 at 2.11%$458.61
122,250 at 2.12%$459.23
122,250 at 2.13%$459.85
122,250 at 2.14%$460.47
122,250 at 2.15%$461.08
122,250 at 2.16%$461.70
122,250 at 2.17%$462.32
122,250 at 2.18%$462.94
122,250 at 2.19%$463.56
122,250 at 2.2%$464.18
122,250 at 2.21%$464.81
122,250 at 2.22%$465.43
122,250 at 2.23%$466.05
122,250 at 2.24%$466.67
122,250 at 2.25%$467.30
122,250 at 2.26%$467.92
122,250 at 2.27%$468.54
122,250 at 2.28%$469.17
122,250 at 2.29%$469.79
122,250 at 2.3%$470.42
122,250 at 2.31%$471.05
122,250 at 2.32%$471.67
122,250 at 2.33%$472.30
122,250 at 2.34%$472.93
122,250 at 2.35%$473.56
122,250 at 2.36%$474.18
122,250 at 2.37%$474.81
122,250 at 2.38%$475.44
122,250 at 2.39%$476.07
122,250 at 2.4%$476.70
122,250 at 2.41%$477.33
122,250 at 2.42%$477.97
122,250 at 2.43%$478.60
122,250 at 2.44%$479.23
122,250 at 2.45%$479.86
122,250 at 2.46%$480.50
122,250 at 2.47%$481.13
122,250 at 2.48%$481.77
122,250 at 2.49%$482.40
122,250 at 2.5%$483.04
122,250 at 2.51%$483.67
122,250 at 2.52%$484.31
122,250 at 2.53%$484.94
122,250 at 2.54%$485.58
122,250 at 2.55%$486.22
122,250 at 2.56%$486.86
122,250 at 2.57%$487.50
122,250 at 2.58%$488.14
122,250 at 2.59%$488.78
122,250 at 2.6%$489.42
122,250 at 2.61%$490.06
122,250 at 2.62%$490.70
122,250 at 2.63%$491.34
122,250 at 2.64%$491.98
122,250 at 2.65%$492.62
122,250 at 2.66%$493.27
122,250 at 2.67%$493.91
122,250 at 2.68%$494.55
122,250 at 2.69%$495.20
122,250 at 2.7%$495.84
122,250 at 2.71%$496.49
122,250 at 2.72%$497.13
122,250 at 2.73%$497.78
122,250 at 2.74%$498.43
122,250 at 2.75%$499.07
122,250 at 2.76%$499.72
122,250 at 2.77%$500.37
122,250 at 2.78%$501.02
122,250 at 2.79%$501.67
122,250 at 2.8%$502.32
122,250 at 2.81%$502.97
122,250 at 2.82%$503.62
122,250 at 2.83%$504.27
122,250 at 2.84%$504.92
122,250 at 2.85%$505.57
122,250 at 2.86%$506.23
122,250 at 2.87%$506.88
122,250 at 2.88%$507.53
122,250 at 2.89%$508.19
122,250 at 2.9%$508.84
122,250 at 2.91%$509.50
122,250 at 2.92%$510.15
122,250 at 2.93%$510.81
122,250 at 2.94%$511.46
122,250 at 2.95%$512.12
122,250 at 2.96%$512.78
122,250 at 2.97%$513.44
122,250 at 2.98%$514.09
122,250 at 2.99%$514.75
122,250 at 3%$515.41
122,250 at 3.01%$516.07
122,250 at 3.02%$516.73
122,250 at 3.03%$517.39
122,250 at 3.04%$518.05
122,250 at 3.05%$518.71
122,250 at 3.06%$519.38
122,250 at 3.07%$520.04
122,250 at 3.08%$520.70
122,250 at 3.09%$521.36
122,250 at 3.1%$522.03
122,250 at 3.11%$522.69
122,250 at 3.12%$523.36
122,250 at 3.13%$524.02
122,250 at 3.14%$524.69
122,250 at 3.15%$525.35
122,250 at 3.16%$526.02
122,250 at 3.17%$526.69
122,250 at 3.18%$527.35
122,250 at 3.19%$528.02
122,250 at 3.2%$528.69
122,250 at 3.21%$529.36
122,250 at 3.22%$530.03
122,250 at 3.23%$530.70
122,250 at 3.24%$531.37
122,250 at 3.25%$532.04
122,250 at 3.26%$532.71
122,250 at 3.27%$533.38
122,250 at 3.28%$534.05
122,250 at 3.29%$534.73
122,250 at 3.3%$535.40
122,250 at 3.31%$536.07
122,250 at 3.32%$536.75
122,250 at 3.33%$537.42
122,250 at 3.34%$538.10
122,250 at 3.35%$538.77
122,250 at 3.36%$539.45
122,250 at 3.37%$540.12
122,250 at 3.38%$540.80
122,250 at 3.39%$541.48
122,250 at 3.4%$542.16
122,250 at 3.41%$542.83
122,250 at 3.42%$543.51
122,250 at 3.43%$544.19
122,250 at 3.44%$544.87
122,250 at 3.45%$545.55
122,250 at 3.46%$546.23
122,250 at 3.47%$546.91
122,250 at 3.48%$547.59
122,250 at 3.49%$548.27
122,250 at 3.5%$548.96
Interest Rate 30 Year
122,250 at 3.51%$549.64
122,250 at 3.52%$550.32
122,250 at 3.53%$551.01
122,250 at 3.54%$551.69
122,250 at 3.55%$552.37
122,250 at 3.56%$553.06
122,250 at 3.57%$553.75
122,250 at 3.58%$554.43
122,250 at 3.59%$555.12
122,250 at 3.6%$555.80
122,250 at 3.61%$556.49
122,250 at 3.62%$557.18
122,250 at 3.63%$557.87
122,250 at 3.64%$558.56
122,250 at 3.65%$559.24
122,250 at 3.66%$559.93
122,250 at 3.67%$560.62
122,250 at 3.68%$561.31
122,250 at 3.69%$562.00
122,250 at 3.7%$562.70
122,250 at 3.71%$563.39
122,250 at 3.72%$564.08
122,250 at 3.73%$564.77
122,250 at 3.74%$565.47
122,250 at 3.75%$566.16
122,250 at 3.76%$566.85
122,250 at 3.77%$567.55
122,250 at 3.78%$568.24
122,250 at 3.79%$568.94
122,250 at 3.8%$569.63
122,250 at 3.81%$570.33
122,250 at 3.82%$571.03
122,250 at 3.83%$571.72
122,250 at 3.84%$572.42
122,250 at 3.85%$573.12
122,250 at 3.86%$573.82
122,250 at 3.87%$574.52
122,250 at 3.88%$575.21
122,250 at 3.89%$575.91
122,250 at 3.9%$576.61
122,250 at 3.91%$577.31
122,250 at 3.92%$578.02
122,250 at 3.93%$578.72
122,250 at 3.94%$579.42
122,250 at 3.95%$580.12
122,250 at 3.96%$580.82
122,250 at 3.97%$581.53
122,250 at 3.98%$582.23
122,250 at 3.99%$582.94
122,250 at 4%$583.64
122,250 at 4.01%$584.35
122,250 at 4.02%$585.05
122,250 at 4.03%$585.76
122,250 at 4.04%$586.46
122,250 at 4.05%$587.17
122,250 at 4.06%$587.88
122,250 at 4.07%$588.58
122,250 at 4.08%$589.29
122,250 at 4.09%$590.00
122,250 at 4.1%$590.71
122,250 at 4.11%$591.42
122,250 at 4.12%$592.13
122,250 at 4.13%$592.84
122,250 at 4.14%$593.55
122,250 at 4.15%$594.26
122,250 at 4.16%$594.97
122,250 at 4.17%$595.68
122,250 at 4.18%$596.40
122,250 at 4.19%$597.11
122,250 at 4.2%$597.82
122,250 at 4.21%$598.54
122,250 at 4.22%$599.25
122,250 at 4.23%$599.97
122,250 at 4.24%$600.68
122,250 at 4.25%$601.40
122,250 at 4.26%$602.11
122,250 at 4.27%$602.83
122,250 at 4.28%$603.55
122,250 at 4.29%$604.26
122,250 at 4.3%$604.98
122,250 at 4.31%$605.70
122,250 at 4.32%$606.42
122,250 at 4.33%$607.14
122,250 at 4.34%$607.86
122,250 at 4.35%$608.57
122,250 at 4.36%$609.30
122,250 at 4.37%$610.02
122,250 at 4.38%$610.74
122,250 at 4.39%$611.46
122,250 at 4.4%$612.18
122,250 at 4.41%$612.90
122,250 at 4.42%$613.63
122,250 at 4.43%$614.35
122,250 at 4.44%$615.07
122,250 at 4.45%$615.80
122,250 at 4.46%$616.52
122,250 at 4.47%$617.25
122,250 at 4.48%$617.97
122,250 at 4.49%$618.70
122,250 at 4.5%$619.42
122,250 at 4.51%$620.15
122,250 at 4.52%$620.88
122,250 at 4.53%$621.60
122,250 at 4.54%$622.33
122,250 at 4.55%$623.06
122,250 at 4.56%$623.79
122,250 at 4.57%$624.52
122,250 at 4.58%$625.25
122,250 at 4.59%$625.98
122,250 at 4.6%$626.71
122,250 at 4.61%$627.44
122,250 at 4.62%$628.17
122,250 at 4.63%$628.90
122,250 at 4.64%$629.63
122,250 at 4.65%$630.37
122,250 at 4.66%$631.10
122,250 at 4.67%$631.83
122,250 at 4.68%$632.57
122,250 at 4.69%$633.30
122,250 at 4.7%$634.03
122,250 at 4.71%$634.77
122,250 at 4.72%$635.51
122,250 at 4.73%$636.24
122,250 at 4.74%$636.98
122,250 at 4.75%$637.71
122,250 at 4.76%$638.45
122,250 at 4.77%$639.19
122,250 at 4.78%$639.93
122,250 at 4.79%$640.66
122,250 at 4.8%$641.40
122,250 at 4.81%$642.14
122,250 at 4.82%$642.88
122,250 at 4.83%$643.62
122,250 at 4.84%$644.36
122,250 at 4.85%$645.10
122,250 at 4.86%$645.84
122,250 at 4.87%$646.59
122,250 at 4.88%$647.33
122,250 at 4.89%$648.07
122,250 at 4.9%$648.81
122,250 at 4.91%$649.56
122,250 at 4.92%$650.30
122,250 at 4.93%$651.04
122,250 at 4.94%$651.79
122,250 at 4.95%$652.53
122,250 at 4.96%$653.28
122,250 at 4.97%$654.02
122,250 at 4.98%$654.77
122,250 at 4.99%$655.52
122,250 at 5%$656.26
Interest Rate 30 Year
122,250 at 5.01%$657.01
122,250 at 5.02%$657.76
122,250 at 5.03%$658.51
122,250 at 5.04%$659.26
122,250 at 5.05%$660.01
122,250 at 5.06%$660.75
122,250 at 5.07%$661.50
122,250 at 5.08%$662.25
122,250 at 5.09%$663.01
122,250 at 5.1%$663.76
122,250 at 5.11%$664.51
122,250 at 5.12%$665.26
122,250 at 5.13%$666.01
122,250 at 5.14%$666.76
122,250 at 5.15%$667.52
122,250 at 5.16%$668.27
122,250 at 5.17%$669.02
122,250 at 5.18%$669.78
122,250 at 5.19%$670.53
122,250 at 5.2%$671.29
122,250 at 5.21%$672.04
122,250 at 5.22%$672.80
122,250 at 5.23%$673.56
122,250 at 5.24%$674.31
122,250 at 5.25%$675.07
122,250 at 5.26%$675.83
122,250 at 5.27%$676.58
122,250 at 5.28%$677.34
122,250 at 5.29%$678.10
122,250 at 5.3%$678.86
122,250 at 5.31%$679.62
122,250 at 5.32%$680.38
122,250 at 5.33%$681.14
122,250 at 5.34%$681.90
122,250 at 5.35%$682.66
122,250 at 5.36%$683.42
122,250 at 5.37%$684.18
122,250 at 5.38%$684.95
122,250 at 5.39%$685.71
122,250 at 5.4%$686.47
122,250 at 5.41%$687.23
122,250 at 5.42%$688.00
122,250 at 5.43%$688.76
122,250 at 5.44%$689.53
122,250 at 5.45%$690.29
122,250 at 5.46%$691.06
122,250 at 5.47%$691.82
122,250 at 5.48%$692.59
122,250 at 5.49%$693.36
122,250 at 5.5%$694.12
122,250 at 5.51%$694.89
122,250 at 5.52%$695.66
122,250 at 5.53%$696.42
122,250 at 5.54%$697.19
122,250 at 5.55%$697.96
122,250 at 5.56%$698.73
122,250 at 5.57%$699.50
122,250 at 5.58%$700.27
122,250 at 5.59%$701.04
122,250 at 5.6%$701.81
122,250 at 5.61%$702.58
122,250 at 5.62%$703.35
122,250 at 5.63%$704.13
122,250 at 5.64%$704.90
122,250 at 5.65%$705.67
122,250 at 5.66%$706.44
122,250 at 5.67%$707.22
122,250 at 5.68%$707.99
122,250 at 5.69%$708.77
122,250 at 5.7%$709.54
122,250 at 5.71%$710.31
122,250 at 5.72%$711.09
122,250 at 5.73%$711.87
122,250 at 5.74%$712.64
122,250 at 5.75%$713.42
122,250 at 5.76%$714.19
122,250 at 5.77%$714.97
122,250 at 5.78%$715.75
122,250 at 5.79%$716.53
122,250 at 5.8%$717.31
122,250 at 5.81%$718.08
122,250 at 5.82%$718.86
122,250 at 5.83%$719.64
122,250 at 5.84%$720.42
122,250 at 5.85%$721.20
122,250 at 5.86%$721.98
122,250 at 5.87%$722.76
122,250 at 5.88%$723.55
122,250 at 5.89%$724.33
122,250 at 5.9%$725.11
122,250 at 5.91%$725.89
122,250 at 5.92%$726.67
122,250 at 5.93%$727.46
122,250 at 5.94%$728.24
122,250 at 5.95%$729.03
122,250 at 5.96%$729.81
122,250 at 5.97%$730.59
122,250 at 5.98%$731.38
122,250 at 5.99%$732.16
122,250 at 6%$732.95
122,250 at 6.01%$733.74
122,250 at 6.02%$734.52
122,250 at 6.03%$735.31
122,250 at 6.04%$736.10
122,250 at 6.05%$736.88
122,250 at 6.06%$737.67
122,250 at 6.07%$738.46
122,250 at 6.08%$739.25
122,250 at 6.09%$740.04
122,250 at 6.1%$740.83
122,250 at 6.11%$741.62
122,250 at 6.12%$742.41
122,250 at 6.13%$743.20
122,250 at 6.14%$743.99
122,250 at 6.15%$744.78
122,250 at 6.16%$745.57
122,250 at 6.17%$746.37
122,250 at 6.18%$747.16
122,250 at 6.19%$747.95
122,250 at 6.2%$748.74
122,250 at 6.21%$749.54
122,250 at 6.22%$750.33
122,250 at 6.23%$751.12
122,250 at 6.24%$751.92
122,250 at 6.25%$752.71
122,250 at 6.26%$753.51
122,250 at 6.27%$754.31
122,250 at 6.28%$755.10
122,250 at 6.29%$755.90
122,250 at 6.3%$756.69
122,250 at 6.31%$757.49
122,250 at 6.32%$758.29
122,250 at 6.33%$759.09
122,250 at 6.34%$759.88
122,250 at 6.35%$760.68
122,250 at 6.36%$761.48
122,250 at 6.37%$762.28
122,250 at 6.38%$763.08
122,250 at 6.39%$763.88
122,250 at 6.4%$764.68
122,250 at 6.41%$765.48
122,250 at 6.42%$766.28
122,250 at 6.43%$767.08
122,250 at 6.44%$767.89
122,250 at 6.45%$768.69
122,250 at 6.46%$769.49
122,250 at 6.47%$770.29
122,250 at 6.48%$771.10
122,250 at 6.49%$771.90
122,250 at 6.5%$772.70
Interest Rate 30 Year
122,250 at 6.51%$773.51
122,250 at 6.52%$774.31
122,250 at 6.53%$775.12
122,250 at 6.54%$775.92
122,250 at 6.55%$776.73
122,250 at 6.56%$777.53
122,250 at 6.57%$778.34
122,250 at 6.58%$779.15
122,250 at 6.59%$779.95
122,250 at 6.6%$780.76
122,250 at 6.61%$781.57
122,250 at 6.62%$782.38
122,250 at 6.63%$783.18
122,250 at 6.64%$783.99
122,250 at 6.65%$784.80
122,250 at 6.66%$785.61
122,250 at 6.67%$786.42
122,250 at 6.68%$787.23
122,250 at 6.69%$788.04
122,250 at 6.7%$788.85
122,250 at 6.71%$789.66
122,250 at 6.72%$790.47
122,250 at 6.73%$791.29
122,250 at 6.74%$792.10
122,250 at 6.75%$792.91
122,250 at 6.76%$793.72
122,250 at 6.77%$794.54
122,250 at 6.78%$795.35
122,250 at 6.79%$796.16
122,250 at 6.8%$796.98
122,250 at 6.81%$797.79
122,250 at 6.82%$798.61
122,250 at 6.83%$799.42
122,250 at 6.84%$800.24
122,250 at 6.85%$801.05
122,250 at 6.86%$801.87
122,250 at 6.87%$802.69
122,250 at 6.88%$803.50
122,250 at 6.89%$804.32
122,250 at 6.9%$805.14
122,250 at 6.91%$805.96
122,250 at 6.92%$806.77
122,250 at 6.93%$807.59
122,250 at 6.94%$808.41
122,250 at 6.95%$809.23
122,250 at 6.96%$810.05
122,250 at 6.97%$810.87
122,250 at 6.98%$811.69
122,250 at 6.99%$812.51
122,250 at 7%$813.33
122,250 at 7.01%$814.15
122,250 at 7.02%$814.98
122,250 at 7.03%$815.80
122,250 at 7.04%$816.62
122,250 at 7.05%$817.44
122,250 at 7.06%$818.26
122,250 at 7.07%$819.09
122,250 at 7.08%$819.91
122,250 at 7.09%$820.73
122,250 at 7.1%$821.56
122,250 at 7.11%$822.38
122,250 at 7.12%$823.21
122,250 at 7.13%$824.03
122,250 at 7.14%$824.86
122,250 at 7.15%$825.68
122,250 at 7.16%$826.51
122,250 at 7.17%$827.34
122,250 at 7.18%$828.16
122,250 at 7.19%$828.99
122,250 at 7.2%$829.82
122,250 at 7.21%$830.65
122,250 at 7.22%$831.47
122,250 at 7.23%$832.30
122,250 at 7.24%$833.13
122,250 at 7.25%$833.96
122,250 at 7.26%$834.79
122,250 at 7.27%$835.62
122,250 at 7.28%$836.45
122,250 at 7.29%$837.28
122,250 at 7.3%$838.11
122,250 at 7.31%$838.94
122,250 at 7.32%$839.77
122,250 at 7.33%$840.60
122,250 at 7.34%$841.44
122,250 at 7.35%$842.27
122,250 at 7.36%$843.10
122,250 at 7.37%$843.93
122,250 at 7.38%$844.77
122,250 at 7.39%$845.60
122,250 at 7.4%$846.43
122,250 at 7.41%$847.27
122,250 at 7.42%$848.10
122,250 at 7.43%$848.94
122,250 at 7.44%$849.77
122,250 at 7.45%$850.61
122,250 at 7.46%$851.44
122,250 at 7.47%$852.28
122,250 at 7.48%$853.12
122,250 at 7.49%$853.95
122,250 at 7.5%$854.79
122,250 at 7.51%$855.63
122,250 at 7.52%$856.46
122,250 at 7.53%$857.30
122,250 at 7.54%$858.14
122,250 at 7.55%$858.98
122,250 at 7.56%$859.82
122,250 at 7.57%$860.66
122,250 at 7.58%$861.50
122,250 at 7.59%$862.34
122,250 at 7.6%$863.18
122,250 at 7.61%$864.02
122,250 at 7.62%$864.86
122,250 at 7.63%$865.70
122,250 at 7.64%$866.54
122,250 at 7.65%$867.38
122,250 at 7.66%$868.22
122,250 at 7.67%$869.07
122,250 at 7.68%$869.91
122,250 at 7.69%$870.75
122,250 at 7.7%$871.59
122,250 at 7.71%$872.44
122,250 at 7.72%$873.28
122,250 at 7.73%$874.12
122,250 at 7.74%$874.97
122,250 at 7.75%$875.81
122,250 at 7.76%$876.66
122,250 at 7.77%$877.50
122,250 at 7.78%$878.35
122,250 at 7.79%$879.20
122,250 at 7.8%$880.04
122,250 at 7.81%$880.89
122,250 at 7.82%$881.73
122,250 at 7.83%$882.58
122,250 at 7.84%$883.43
122,250 at 7.85%$884.28
122,250 at 7.86%$885.12
122,250 at 7.87%$885.97
122,250 at 7.88%$886.82
122,250 at 7.89%$887.67
122,250 at 7.9%$888.52
122,250 at 7.91%$889.37
122,250 at 7.92%$890.22
122,250 at 7.93%$891.07
122,250 at 7.94%$891.92
122,250 at 7.95%$892.77
122,250 at 7.96%$893.62
122,250 at 7.97%$894.47
122,250 at 7.98%$895.32
122,250 at 7.99%$896.18
122,250 at 8%$897.03
More Amounts
What is the down payment for a $122,250 house? How much do you need to put down?
Percent Down Down Payment
1%1,223
2%2,445
3%3,668
4%4,890
5%6,113
6%7,335
7%8,558
8%9,780
9%11,003
10%12,225
11%13,448
12%14,670
13%15,893
14%17,115
15%18,338
16%19,560
17%20,783
18%22,005
19%23,228
20%24,450
Percent Down Down Payment
21%25,673
22%26,895
23%28,118
24%29,340
25%30,563
26%31,785
27%33,008
28%34,230
29%35,453
30%36,675
31%37,898
32%39,120
33%40,343
34%41,565
35%42,788
36%44,010
37%45,233
38%46,455
39%47,678
40%48,900
Percent Down Down Payment
41%50,123
42%51,345
43%52,568
44%53,790
45%55,013
46%56,235
47%57,458
48%58,680
49%59,903
50%61,125
51%62,348
52%63,570
53%64,793
54%66,015
55%67,238
56%68,460
57%69,683
58%70,905
59%72,128
60%73,350
Percent Down Down Payment
61%74,573
62%75,795
63%77,018
64%78,240
65%79,463
66%80,685
67%81,908
68%83,130
69%84,353
70%85,575
71%86,798
72%88,020
73%89,243
74%90,465
75%91,688
76%92,910
77%94,133
78%95,355
79%96,578
80%97,800
Percent Down Down Payment
81%99,023
82%100,245
83%101,468
84%102,690
85%103,913
86%105,135
87%106,358
88%107,580
89%108,803
90%110,025
91%111,248
92%112,470
93%113,693
94%114,915
95%116,138
96%117,360
97%118,583
98%119,805
99%121,028
100%122,250
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.