$122,500 Mortgage for 30 Years

What is the monthly payment of a 122,500 dollar loan?
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Loan Tables for a $122,500 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 123k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $122,500 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
122,500 at 2.01%$453.40
122,500 at 2.02%$454.01
122,500 at 2.03%$454.62
122,500 at 2.04%$455.24
122,500 at 2.05%$455.85
122,500 at 2.06%$456.47
122,500 at 2.07%$457.08
122,500 at 2.08%$457.70
122,500 at 2.09%$458.32
122,500 at 2.1%$458.93
122,500 at 2.11%$459.55
122,500 at 2.12%$460.17
122,500 at 2.13%$460.79
122,500 at 2.14%$461.41
122,500 at 2.15%$462.03
122,500 at 2.16%$462.65
122,500 at 2.17%$463.27
122,500 at 2.18%$463.89
122,500 at 2.19%$464.51
122,500 at 2.2%$465.13
122,500 at 2.21%$465.76
122,500 at 2.22%$466.38
122,500 at 2.23%$467.00
122,500 at 2.24%$467.63
122,500 at 2.25%$468.25
122,500 at 2.26%$468.88
122,500 at 2.27%$469.50
122,500 at 2.28%$470.13
122,500 at 2.29%$470.75
122,500 at 2.3%$471.38
122,500 at 2.31%$472.01
122,500 at 2.32%$472.64
122,500 at 2.33%$473.27
122,500 at 2.34%$473.89
122,500 at 2.35%$474.52
122,500 at 2.36%$475.15
122,500 at 2.37%$475.78
122,500 at 2.38%$476.41
122,500 at 2.39%$477.05
122,500 at 2.4%$477.68
122,500 at 2.41%$478.31
122,500 at 2.42%$478.94
122,500 at 2.43%$479.58
122,500 at 2.44%$480.21
122,500 at 2.45%$480.84
122,500 at 2.46%$481.48
122,500 at 2.47%$482.11
122,500 at 2.48%$482.75
122,500 at 2.49%$483.39
122,500 at 2.5%$484.02
122,500 at 2.51%$484.66
122,500 at 2.52%$485.30
122,500 at 2.53%$485.94
122,500 at 2.54%$486.57
122,500 at 2.55%$487.21
122,500 at 2.56%$487.85
122,500 at 2.57%$488.49
122,500 at 2.58%$489.13
122,500 at 2.59%$489.77
122,500 at 2.6%$490.42
122,500 at 2.61%$491.06
122,500 at 2.62%$491.70
122,500 at 2.63%$492.34
122,500 at 2.64%$492.99
122,500 at 2.65%$493.63
122,500 at 2.66%$494.27
122,500 at 2.67%$494.92
122,500 at 2.68%$495.57
122,500 at 2.69%$496.21
122,500 at 2.7%$496.86
122,500 at 2.71%$497.50
122,500 at 2.72%$498.15
122,500 at 2.73%$498.80
122,500 at 2.74%$499.45
122,500 at 2.75%$500.10
122,500 at 2.76%$500.74
122,500 at 2.77%$501.39
122,500 at 2.78%$502.04
122,500 at 2.79%$502.69
122,500 at 2.8%$503.35
122,500 at 2.81%$504.00
122,500 at 2.82%$504.65
122,500 at 2.83%$505.30
122,500 at 2.84%$505.95
122,500 at 2.85%$506.61
122,500 at 2.86%$507.26
122,500 at 2.87%$507.92
122,500 at 2.88%$508.57
122,500 at 2.89%$509.23
122,500 at 2.9%$509.88
122,500 at 2.91%$510.54
122,500 at 2.92%$511.19
122,500 at 2.93%$511.85
122,500 at 2.94%$512.51
122,500 at 2.95%$513.17
122,500 at 2.96%$513.83
122,500 at 2.97%$514.49
122,500 at 2.98%$515.14
122,500 at 2.99%$515.80
122,500 at 3%$516.46
122,500 at 3.01%$517.13
122,500 at 3.02%$517.79
122,500 at 3.03%$518.45
122,500 at 3.04%$519.11
122,500 at 3.05%$519.77
122,500 at 3.06%$520.44
122,500 at 3.07%$521.10
122,500 at 3.08%$521.77
122,500 at 3.09%$522.43
122,500 at 3.1%$523.10
122,500 at 3.11%$523.76
122,500 at 3.12%$524.43
122,500 at 3.13%$525.09
122,500 at 3.14%$525.76
122,500 at 3.15%$526.43
122,500 at 3.16%$527.10
122,500 at 3.17%$527.76
122,500 at 3.18%$528.43
122,500 at 3.19%$529.10
122,500 at 3.2%$529.77
122,500 at 3.21%$530.44
122,500 at 3.22%$531.11
122,500 at 3.23%$531.78
122,500 at 3.24%$532.46
122,500 at 3.25%$533.13
122,500 at 3.26%$533.80
122,500 at 3.27%$534.47
122,500 at 3.28%$535.15
122,500 at 3.29%$535.82
122,500 at 3.3%$536.50
122,500 at 3.31%$537.17
122,500 at 3.32%$537.85
122,500 at 3.33%$538.52
122,500 at 3.34%$539.20
122,500 at 3.35%$539.87
122,500 at 3.36%$540.55
122,500 at 3.37%$541.23
122,500 at 3.38%$541.91
122,500 at 3.39%$542.59
122,500 at 3.4%$543.26
122,500 at 3.41%$543.94
122,500 at 3.42%$544.62
122,500 at 3.43%$545.30
122,500 at 3.44%$545.99
122,500 at 3.45%$546.67
122,500 at 3.46%$547.35
122,500 at 3.47%$548.03
122,500 at 3.48%$548.71
122,500 at 3.49%$549.40
122,500 at 3.5%$550.08
Interest Rate 30 Year
122,500 at 3.51%$550.76
122,500 at 3.52%$551.45
122,500 at 3.53%$552.13
122,500 at 3.54%$552.82
122,500 at 3.55%$553.50
122,500 at 3.56%$554.19
122,500 at 3.57%$554.88
122,500 at 3.58%$555.56
122,500 at 3.59%$556.25
122,500 at 3.6%$556.94
122,500 at 3.61%$557.63
122,500 at 3.62%$558.32
122,500 at 3.63%$559.01
122,500 at 3.64%$559.70
122,500 at 3.65%$560.39
122,500 at 3.66%$561.08
122,500 at 3.67%$561.77
122,500 at 3.68%$562.46
122,500 at 3.69%$563.15
122,500 at 3.7%$563.85
122,500 at 3.71%$564.54
122,500 at 3.72%$565.23
122,500 at 3.73%$565.93
122,500 at 3.74%$566.62
122,500 at 3.75%$567.32
122,500 at 3.76%$568.01
122,500 at 3.77%$568.71
122,500 at 3.78%$569.40
122,500 at 3.79%$570.10
122,500 at 3.8%$570.80
122,500 at 3.81%$571.50
122,500 at 3.82%$572.19
122,500 at 3.83%$572.89
122,500 at 3.84%$573.59
122,500 at 3.85%$574.29
122,500 at 3.86%$574.99
122,500 at 3.87%$575.69
122,500 at 3.88%$576.39
122,500 at 3.89%$577.09
122,500 at 3.9%$577.79
122,500 at 3.91%$578.50
122,500 at 3.92%$579.20
122,500 at 3.93%$579.90
122,500 at 3.94%$580.60
122,500 at 3.95%$581.31
122,500 at 3.96%$582.01
122,500 at 3.97%$582.72
122,500 at 3.98%$583.42
122,500 at 3.99%$584.13
122,500 at 4%$584.83
122,500 at 4.01%$585.54
122,500 at 4.02%$586.25
122,500 at 4.03%$586.95
122,500 at 4.04%$587.66
122,500 at 4.05%$588.37
122,500 at 4.06%$589.08
122,500 at 4.07%$589.79
122,500 at 4.08%$590.50
122,500 at 4.09%$591.21
122,500 at 4.1%$591.92
122,500 at 4.11%$592.63
122,500 at 4.12%$593.34
122,500 at 4.13%$594.05
122,500 at 4.14%$594.76
122,500 at 4.15%$595.48
122,500 at 4.16%$596.19
122,500 at 4.17%$596.90
122,500 at 4.18%$597.62
122,500 at 4.19%$598.33
122,500 at 4.2%$599.05
122,500 at 4.21%$599.76
122,500 at 4.22%$600.48
122,500 at 4.23%$601.19
122,500 at 4.24%$601.91
122,500 at 4.25%$602.63
122,500 at 4.26%$603.34
122,500 at 4.27%$604.06
122,500 at 4.28%$604.78
122,500 at 4.29%$605.50
122,500 at 4.3%$606.22
122,500 at 4.31%$606.94
122,500 at 4.32%$607.66
122,500 at 4.33%$608.38
122,500 at 4.34%$609.10
122,500 at 4.35%$609.82
122,500 at 4.36%$610.54
122,500 at 4.37%$611.26
122,500 at 4.38%$611.99
122,500 at 4.39%$612.71
122,500 at 4.4%$613.43
122,500 at 4.41%$614.16
122,500 at 4.42%$614.88
122,500 at 4.43%$615.60
122,500 at 4.44%$616.33
122,500 at 4.45%$617.06
122,500 at 4.46%$617.78
122,500 at 4.47%$618.51
122,500 at 4.48%$619.23
122,500 at 4.49%$619.96
122,500 at 4.5%$620.69
122,500 at 4.51%$621.42
122,500 at 4.52%$622.15
122,500 at 4.53%$622.88
122,500 at 4.54%$623.60
122,500 at 4.55%$624.33
122,500 at 4.56%$625.06
122,500 at 4.57%$625.79
122,500 at 4.58%$626.53
122,500 at 4.59%$627.26
122,500 at 4.6%$627.99
122,500 at 4.61%$628.72
122,500 at 4.62%$629.45
122,500 at 4.63%$630.19
122,500 at 4.64%$630.92
122,500 at 4.65%$631.66
122,500 at 4.66%$632.39
122,500 at 4.67%$633.12
122,500 at 4.68%$633.86
122,500 at 4.69%$634.60
122,500 at 4.7%$635.33
122,500 at 4.71%$636.07
122,500 at 4.72%$636.80
122,500 at 4.73%$637.54
122,500 at 4.74%$638.28
122,500 at 4.75%$639.02
122,500 at 4.76%$639.76
122,500 at 4.77%$640.50
122,500 at 4.78%$641.23
122,500 at 4.79%$641.97
122,500 at 4.8%$642.72
122,500 at 4.81%$643.46
122,500 at 4.82%$644.20
122,500 at 4.83%$644.94
122,500 at 4.84%$645.68
122,500 at 4.85%$646.42
122,500 at 4.86%$647.17
122,500 at 4.87%$647.91
122,500 at 4.88%$648.65
122,500 at 4.89%$649.40
122,500 at 4.9%$650.14
122,500 at 4.91%$650.89
122,500 at 4.92%$651.63
122,500 at 4.93%$652.38
122,500 at 4.94%$653.12
122,500 at 4.95%$653.87
122,500 at 4.96%$654.62
122,500 at 4.97%$655.36
122,500 at 4.98%$656.11
122,500 at 4.99%$656.86
122,500 at 5%$657.61
Interest Rate 30 Year
122,500 at 5.01%$658.36
122,500 at 5.02%$659.10
122,500 at 5.03%$659.85
122,500 at 5.04%$660.60
122,500 at 5.05%$661.35
122,500 at 5.06%$662.11
122,500 at 5.07%$662.86
122,500 at 5.08%$663.61
122,500 at 5.09%$664.36
122,500 at 5.1%$665.11
122,500 at 5.11%$665.87
122,500 at 5.12%$666.62
122,500 at 5.13%$667.37
122,500 at 5.14%$668.13
122,500 at 5.15%$668.88
122,500 at 5.16%$669.64
122,500 at 5.17%$670.39
122,500 at 5.18%$671.15
122,500 at 5.19%$671.90
122,500 at 5.2%$672.66
122,500 at 5.21%$673.42
122,500 at 5.22%$674.18
122,500 at 5.23%$674.93
122,500 at 5.24%$675.69
122,500 at 5.25%$676.45
122,500 at 5.26%$677.21
122,500 at 5.27%$677.97
122,500 at 5.28%$678.73
122,500 at 5.29%$679.49
122,500 at 5.3%$680.25
122,500 at 5.31%$681.01
122,500 at 5.32%$681.77
122,500 at 5.33%$682.53
122,500 at 5.34%$683.29
122,500 at 5.35%$684.06
122,500 at 5.36%$684.82
122,500 at 5.37%$685.58
122,500 at 5.38%$686.35
122,500 at 5.39%$687.11
122,500 at 5.4%$687.88
122,500 at 5.41%$688.64
122,500 at 5.42%$689.41
122,500 at 5.43%$690.17
122,500 at 5.44%$690.94
122,500 at 5.45%$691.70
122,500 at 5.46%$692.47
122,500 at 5.47%$693.24
122,500 at 5.48%$694.01
122,500 at 5.49%$694.77
122,500 at 5.5%$695.54
122,500 at 5.51%$696.31
122,500 at 5.52%$697.08
122,500 at 5.53%$697.85
122,500 at 5.54%$698.62
122,500 at 5.55%$699.39
122,500 at 5.56%$700.16
122,500 at 5.57%$700.93
122,500 at 5.58%$701.70
122,500 at 5.59%$702.47
122,500 at 5.6%$703.25
122,500 at 5.61%$704.02
122,500 at 5.62%$704.79
122,500 at 5.63%$705.57
122,500 at 5.64%$706.34
122,500 at 5.65%$707.11
122,500 at 5.66%$707.89
122,500 at 5.67%$708.66
122,500 at 5.68%$709.44
122,500 at 5.69%$710.21
122,500 at 5.7%$710.99
122,500 at 5.71%$711.77
122,500 at 5.72%$712.54
122,500 at 5.73%$713.32
122,500 at 5.74%$714.10
122,500 at 5.75%$714.88
122,500 at 5.76%$715.66
122,500 at 5.77%$716.43
122,500 at 5.78%$717.21
122,500 at 5.79%$717.99
122,500 at 5.8%$718.77
122,500 at 5.81%$719.55
122,500 at 5.82%$720.33
122,500 at 5.83%$721.11
122,500 at 5.84%$721.90
122,500 at 5.85%$722.68
122,500 at 5.86%$723.46
122,500 at 5.87%$724.24
122,500 at 5.88%$725.03
122,500 at 5.89%$725.81
122,500 at 5.9%$726.59
122,500 at 5.91%$727.38
122,500 at 5.92%$728.16
122,500 at 5.93%$728.95
122,500 at 5.94%$729.73
122,500 at 5.95%$730.52
122,500 at 5.96%$731.30
122,500 at 5.97%$732.09
122,500 at 5.98%$732.87
122,500 at 5.99%$733.66
122,500 at 6%$734.45
122,500 at 6.01%$735.24
122,500 at 6.02%$736.03
122,500 at 6.03%$736.81
122,500 at 6.04%$737.60
122,500 at 6.05%$738.39
122,500 at 6.06%$739.18
122,500 at 6.07%$739.97
122,500 at 6.08%$740.76
122,500 at 6.09%$741.55
122,500 at 6.1%$742.34
122,500 at 6.11%$743.14
122,500 at 6.12%$743.93
122,500 at 6.13%$744.72
122,500 at 6.14%$745.51
122,500 at 6.15%$746.30
122,500 at 6.16%$747.10
122,500 at 6.17%$747.89
122,500 at 6.18%$748.69
122,500 at 6.19%$749.48
122,500 at 6.2%$750.27
122,500 at 6.21%$751.07
122,500 at 6.22%$751.87
122,500 at 6.23%$752.66
122,500 at 6.24%$753.46
122,500 at 6.25%$754.25
122,500 at 6.26%$755.05
122,500 at 6.27%$755.85
122,500 at 6.28%$756.65
122,500 at 6.29%$757.44
122,500 at 6.3%$758.24
122,500 at 6.31%$759.04
122,500 at 6.32%$759.84
122,500 at 6.33%$760.64
122,500 at 6.34%$761.44
122,500 at 6.35%$762.24
122,500 at 6.36%$763.04
122,500 at 6.37%$763.84
122,500 at 6.38%$764.64
122,500 at 6.39%$765.44
122,500 at 6.4%$766.24
122,500 at 6.41%$767.05
122,500 at 6.42%$767.85
122,500 at 6.43%$768.65
122,500 at 6.44%$769.46
122,500 at 6.45%$770.26
122,500 at 6.46%$771.06
122,500 at 6.47%$771.87
122,500 at 6.48%$772.67
122,500 at 6.49%$773.48
122,500 at 6.5%$774.28
Interest Rate 30 Year
122,500 at 6.51%$775.09
122,500 at 6.52%$775.90
122,500 at 6.53%$776.70
122,500 at 6.54%$777.51
122,500 at 6.55%$778.32
122,500 at 6.56%$779.12
122,500 at 6.57%$779.93
122,500 at 6.58%$780.74
122,500 at 6.59%$781.55
122,500 at 6.6%$782.36
122,500 at 6.61%$783.17
122,500 at 6.62%$783.98
122,500 at 6.63%$784.79
122,500 at 6.64%$785.60
122,500 at 6.65%$786.41
122,500 at 6.66%$787.22
122,500 at 6.67%$788.03
122,500 at 6.68%$788.84
122,500 at 6.69%$789.65
122,500 at 6.7%$790.47
122,500 at 6.71%$791.28
122,500 at 6.72%$792.09
122,500 at 6.73%$792.90
122,500 at 6.74%$793.72
122,500 at 6.75%$794.53
122,500 at 6.76%$795.35
122,500 at 6.77%$796.16
122,500 at 6.78%$796.98
122,500 at 6.79%$797.79
122,500 at 6.8%$798.61
122,500 at 6.81%$799.42
122,500 at 6.82%$800.24
122,500 at 6.83%$801.06
122,500 at 6.84%$801.88
122,500 at 6.85%$802.69
122,500 at 6.86%$803.51
122,500 at 6.87%$804.33
122,500 at 6.88%$805.15
122,500 at 6.89%$805.97
122,500 at 6.9%$806.79
122,500 at 6.91%$807.60
122,500 at 6.92%$808.42
122,500 at 6.93%$809.24
122,500 at 6.94%$810.07
122,500 at 6.95%$810.89
122,500 at 6.96%$811.71
122,500 at 6.97%$812.53
122,500 at 6.98%$813.35
122,500 at 6.99%$814.17
122,500 at 7%$815.00
122,500 at 7.01%$815.82
122,500 at 7.02%$816.64
122,500 at 7.03%$817.47
122,500 at 7.04%$818.29
122,500 at 7.05%$819.11
122,500 at 7.06%$819.94
122,500 at 7.07%$820.76
122,500 at 7.08%$821.59
122,500 at 7.09%$822.41
122,500 at 7.1%$823.24
122,500 at 7.11%$824.07
122,500 at 7.12%$824.89
122,500 at 7.13%$825.72
122,500 at 7.14%$826.55
122,500 at 7.15%$827.37
122,500 at 7.16%$828.20
122,500 at 7.17%$829.03
122,500 at 7.18%$829.86
122,500 at 7.19%$830.69
122,500 at 7.2%$831.52
122,500 at 7.21%$832.34
122,500 at 7.22%$833.17
122,500 at 7.23%$834.00
122,500 at 7.24%$834.84
122,500 at 7.25%$835.67
122,500 at 7.26%$836.50
122,500 at 7.27%$837.33
122,500 at 7.28%$838.16
122,500 at 7.29%$838.99
122,500 at 7.3%$839.82
122,500 at 7.31%$840.66
122,500 at 7.32%$841.49
122,500 at 7.33%$842.32
122,500 at 7.34%$843.16
122,500 at 7.35%$843.99
122,500 at 7.36%$844.83
122,500 at 7.37%$845.66
122,500 at 7.38%$846.49
122,500 at 7.39%$847.33
122,500 at 7.4%$848.17
122,500 at 7.41%$849.00
122,500 at 7.42%$849.84
122,500 at 7.43%$850.67
122,500 at 7.44%$851.51
122,500 at 7.45%$852.35
122,500 at 7.46%$853.18
122,500 at 7.47%$854.02
122,500 at 7.48%$854.86
122,500 at 7.49%$855.70
122,500 at 7.5%$856.54
122,500 at 7.51%$857.38
122,500 at 7.52%$858.22
122,500 at 7.53%$859.06
122,500 at 7.54%$859.90
122,500 at 7.55%$860.74
122,500 at 7.56%$861.58
122,500 at 7.57%$862.42
122,500 at 7.58%$863.26
122,500 at 7.59%$864.10
122,500 at 7.6%$864.94
122,500 at 7.61%$865.78
122,500 at 7.62%$866.63
122,500 at 7.63%$867.47
122,500 at 7.64%$868.31
122,500 at 7.65%$869.16
122,500 at 7.66%$870.00
122,500 at 7.67%$870.84
122,500 at 7.68%$871.69
122,500 at 7.69%$872.53
122,500 at 7.7%$873.38
122,500 at 7.71%$874.22
122,500 at 7.72%$875.07
122,500 at 7.73%$875.91
122,500 at 7.74%$876.76
122,500 at 7.75%$877.61
122,500 at 7.76%$878.45
122,500 at 7.77%$879.30
122,500 at 7.78%$880.15
122,500 at 7.79%$880.99
122,500 at 7.8%$881.84
122,500 at 7.81%$882.69
122,500 at 7.82%$883.54
122,500 at 7.83%$884.39
122,500 at 7.84%$885.24
122,500 at 7.85%$886.09
122,500 at 7.86%$886.93
122,500 at 7.87%$887.78
122,500 at 7.88%$888.64
122,500 at 7.89%$889.49
122,500 at 7.9%$890.34
122,500 at 7.91%$891.19
122,500 at 7.92%$892.04
122,500 at 7.93%$892.89
122,500 at 7.94%$893.74
122,500 at 7.95%$894.60
122,500 at 7.96%$895.45
122,500 at 7.97%$896.30
122,500 at 7.98%$897.15
122,500 at 7.99%$898.01
122,500 at 8%$898.86
More Amounts
What is the down payment for a $122,500 house? How much do you need to put down?
Percent Down Down Payment
1%1,225
2%2,450
3%3,675
4%4,900
5%6,125
6%7,350
7%8,575
8%9,800
9%11,025
10%12,250
11%13,475
12%14,700
13%15,925
14%17,150
15%18,375
16%19,600
17%20,825
18%22,050
19%23,275
20%24,500
Percent Down Down Payment
21%25,725
22%26,950
23%28,175
24%29,400
25%30,625
26%31,850
27%33,075
28%34,300
29%35,525
30%36,750
31%37,975
32%39,200
33%40,425
34%41,650
35%42,875
36%44,100
37%45,325
38%46,550
39%47,775
40%49,000
Percent Down Down Payment
41%50,225
42%51,450
43%52,675
44%53,900
45%55,125
46%56,350
47%57,575
48%58,800
49%60,025
50%61,250
51%62,475
52%63,700
53%64,925
54%66,150
55%67,375
56%68,600
57%69,825
58%71,050
59%72,275
60%73,500
Percent Down Down Payment
61%74,725
62%75,950
63%77,175
64%78,400
65%79,625
66%80,850
67%82,075
68%83,300
69%84,525
70%85,750
71%86,975
72%88,200
73%89,425
74%90,650
75%91,875
76%93,100
77%94,325
78%95,550
79%96,775
80%98,000
Percent Down Down Payment
81%99,225
82%100,450
83%101,675
84%102,900
85%104,125
86%105,350
87%106,575
88%107,800
89%109,025
90%110,250
91%111,475
92%112,700
93%113,925
94%115,150
95%116,375
96%117,600
97%118,825
98%120,050
99%121,275
100%122,500
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.