$122,550 Mortgage for 30 Years

What is the monthly payment of a 122,550 dollar loan?
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Loan Tables for a $122,550 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 $122,550 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
122,550 at 2.01%$453.58
122,550 at 2.02%$454.20
122,550 at 2.03%$454.81
122,550 at 2.04%$455.42
122,550 at 2.05%$456.04
122,550 at 2.06%$456.65
122,550 at 2.07%$457.27
122,550 at 2.08%$457.89
122,550 at 2.09%$458.50
122,550 at 2.1%$459.12
122,550 at 2.11%$459.74
122,550 at 2.12%$460.36
122,550 at 2.13%$460.98
122,550 at 2.14%$461.60
122,550 at 2.15%$462.22
122,550 at 2.16%$462.84
122,550 at 2.17%$463.46
122,550 at 2.18%$464.08
122,550 at 2.19%$464.70
122,550 at 2.2%$465.32
122,550 at 2.21%$465.95
122,550 at 2.22%$466.57
122,550 at 2.23%$467.19
122,550 at 2.24%$467.82
122,550 at 2.25%$468.44
122,550 at 2.26%$469.07
122,550 at 2.27%$469.69
122,550 at 2.28%$470.32
122,550 at 2.29%$470.95
122,550 at 2.3%$471.57
122,550 at 2.31%$472.20
122,550 at 2.32%$472.83
122,550 at 2.33%$473.46
122,550 at 2.34%$474.09
122,550 at 2.35%$474.72
122,550 at 2.36%$475.35
122,550 at 2.37%$475.98
122,550 at 2.38%$476.61
122,550 at 2.39%$477.24
122,550 at 2.4%$477.87
122,550 at 2.41%$478.51
122,550 at 2.42%$479.14
122,550 at 2.43%$479.77
122,550 at 2.44%$480.41
122,550 at 2.45%$481.04
122,550 at 2.46%$481.68
122,550 at 2.47%$482.31
122,550 at 2.48%$482.95
122,550 at 2.49%$483.58
122,550 at 2.5%$484.22
122,550 at 2.51%$484.86
122,550 at 2.52%$485.50
122,550 at 2.53%$486.13
122,550 at 2.54%$486.77
122,550 at 2.55%$487.41
122,550 at 2.56%$488.05
122,550 at 2.57%$488.69
122,550 at 2.58%$489.33
122,550 at 2.59%$489.97
122,550 at 2.6%$490.62
122,550 at 2.61%$491.26
122,550 at 2.62%$491.90
122,550 at 2.63%$492.54
122,550 at 2.64%$493.19
122,550 at 2.65%$493.83
122,550 at 2.66%$494.48
122,550 at 2.67%$495.12
122,550 at 2.68%$495.77
122,550 at 2.69%$496.41
122,550 at 2.7%$497.06
122,550 at 2.71%$497.71
122,550 at 2.72%$498.35
122,550 at 2.73%$499.00
122,550 at 2.74%$499.65
122,550 at 2.75%$500.30
122,550 at 2.76%$500.95
122,550 at 2.77%$501.60
122,550 at 2.78%$502.25
122,550 at 2.79%$502.90
122,550 at 2.8%$503.55
122,550 at 2.81%$504.20
122,550 at 2.82%$504.86
122,550 at 2.83%$505.51
122,550 at 2.84%$506.16
122,550 at 2.85%$506.81
122,550 at 2.86%$507.47
122,550 at 2.87%$508.12
122,550 at 2.88%$508.78
122,550 at 2.89%$509.43
122,550 at 2.9%$510.09
122,550 at 2.91%$510.75
122,550 at 2.92%$511.40
122,550 at 2.93%$512.06
122,550 at 2.94%$512.72
122,550 at 2.95%$513.38
122,550 at 2.96%$514.04
122,550 at 2.97%$514.70
122,550 at 2.98%$515.35
122,550 at 2.99%$516.02
122,550 at 3%$516.68
122,550 at 3.01%$517.34
122,550 at 3.02%$518.00
122,550 at 3.03%$518.66
122,550 at 3.04%$519.32
122,550 at 3.05%$519.99
122,550 at 3.06%$520.65
122,550 at 3.07%$521.31
122,550 at 3.08%$521.98
122,550 at 3.09%$522.64
122,550 at 3.1%$523.31
122,550 at 3.11%$523.97
122,550 at 3.12%$524.64
122,550 at 3.13%$525.31
122,550 at 3.14%$525.97
122,550 at 3.15%$526.64
122,550 at 3.16%$527.31
122,550 at 3.17%$527.98
122,550 at 3.18%$528.65
122,550 at 3.19%$529.32
122,550 at 3.2%$529.99
122,550 at 3.21%$530.66
122,550 at 3.22%$531.33
122,550 at 3.23%$532.00
122,550 at 3.24%$532.67
122,550 at 3.25%$533.35
122,550 at 3.26%$534.02
122,550 at 3.27%$534.69
122,550 at 3.28%$535.37
122,550 at 3.29%$536.04
122,550 at 3.3%$536.71
122,550 at 3.31%$537.39
122,550 at 3.32%$538.06
122,550 at 3.33%$538.74
122,550 at 3.34%$539.42
122,550 at 3.35%$540.09
122,550 at 3.36%$540.77
122,550 at 3.37%$541.45
122,550 at 3.38%$542.13
122,550 at 3.39%$542.81
122,550 at 3.4%$543.49
122,550 at 3.41%$544.17
122,550 at 3.42%$544.85
122,550 at 3.43%$545.53
122,550 at 3.44%$546.21
122,550 at 3.45%$546.89
122,550 at 3.46%$547.57
122,550 at 3.47%$548.25
122,550 at 3.48%$548.94
122,550 at 3.49%$549.62
122,550 at 3.5%$550.30
Interest Rate 30 Year
122,550 at 3.51%$550.99
122,550 at 3.52%$551.67
122,550 at 3.53%$552.36
122,550 at 3.54%$553.04
122,550 at 3.55%$553.73
122,550 at 3.56%$554.42
122,550 at 3.57%$555.10
122,550 at 3.58%$555.79
122,550 at 3.59%$556.48
122,550 at 3.6%$557.17
122,550 at 3.61%$557.86
122,550 at 3.62%$558.55
122,550 at 3.63%$559.24
122,550 at 3.64%$559.93
122,550 at 3.65%$560.62
122,550 at 3.66%$561.31
122,550 at 3.67%$562.00
122,550 at 3.68%$562.69
122,550 at 3.69%$563.38
122,550 at 3.7%$564.08
122,550 at 3.71%$564.77
122,550 at 3.72%$565.46
122,550 at 3.73%$566.16
122,550 at 3.74%$566.85
122,550 at 3.75%$567.55
122,550 at 3.76%$568.24
122,550 at 3.77%$568.94
122,550 at 3.78%$569.64
122,550 at 3.79%$570.33
122,550 at 3.8%$571.03
122,550 at 3.81%$571.73
122,550 at 3.82%$572.43
122,550 at 3.83%$573.13
122,550 at 3.84%$573.82
122,550 at 3.85%$574.52
122,550 at 3.86%$575.22
122,550 at 3.87%$575.93
122,550 at 3.88%$576.63
122,550 at 3.89%$577.33
122,550 at 3.9%$578.03
122,550 at 3.91%$578.73
122,550 at 3.92%$579.43
122,550 at 3.93%$580.14
122,550 at 3.94%$580.84
122,550 at 3.95%$581.55
122,550 at 3.96%$582.25
122,550 at 3.97%$582.95
122,550 at 3.98%$583.66
122,550 at 3.99%$584.37
122,550 at 4%$585.07
122,550 at 4.01%$585.78
122,550 at 4.02%$586.49
122,550 at 4.03%$587.19
122,550 at 4.04%$587.90
122,550 at 4.05%$588.61
122,550 at 4.06%$589.32
122,550 at 4.07%$590.03
122,550 at 4.08%$590.74
122,550 at 4.09%$591.45
122,550 at 4.1%$592.16
122,550 at 4.11%$592.87
122,550 at 4.12%$593.58
122,550 at 4.13%$594.29
122,550 at 4.14%$595.01
122,550 at 4.15%$595.72
122,550 at 4.16%$596.43
122,550 at 4.17%$597.15
122,550 at 4.18%$597.86
122,550 at 4.19%$598.58
122,550 at 4.2%$599.29
122,550 at 4.21%$600.01
122,550 at 4.22%$600.72
122,550 at 4.23%$601.44
122,550 at 4.24%$602.16
122,550 at 4.25%$602.87
122,550 at 4.26%$603.59
122,550 at 4.27%$604.31
122,550 at 4.28%$605.03
122,550 at 4.29%$605.75
122,550 at 4.3%$606.46
122,550 at 4.31%$607.18
122,550 at 4.32%$607.91
122,550 at 4.33%$608.63
122,550 at 4.34%$609.35
122,550 at 4.35%$610.07
122,550 at 4.36%$610.79
122,550 at 4.37%$611.51
122,550 at 4.38%$612.24
122,550 at 4.39%$612.96
122,550 at 4.4%$613.68
122,550 at 4.41%$614.41
122,550 at 4.42%$615.13
122,550 at 4.43%$615.86
122,550 at 4.44%$616.58
122,550 at 4.45%$617.31
122,550 at 4.46%$618.03
122,550 at 4.47%$618.76
122,550 at 4.48%$619.49
122,550 at 4.49%$620.21
122,550 at 4.5%$620.94
122,550 at 4.51%$621.67
122,550 at 4.52%$622.40
122,550 at 4.53%$623.13
122,550 at 4.54%$623.86
122,550 at 4.55%$624.59
122,550 at 4.56%$625.32
122,550 at 4.57%$626.05
122,550 at 4.58%$626.78
122,550 at 4.59%$627.51
122,550 at 4.6%$628.25
122,550 at 4.61%$628.98
122,550 at 4.62%$629.71
122,550 at 4.63%$630.44
122,550 at 4.64%$631.18
122,550 at 4.65%$631.91
122,550 at 4.66%$632.65
122,550 at 4.67%$633.38
122,550 at 4.68%$634.12
122,550 at 4.69%$634.85
122,550 at 4.7%$635.59
122,550 at 4.71%$636.33
122,550 at 4.72%$637.06
122,550 at 4.73%$637.80
122,550 at 4.74%$638.54
122,550 at 4.75%$639.28
122,550 at 4.76%$640.02
122,550 at 4.77%$640.76
122,550 at 4.78%$641.50
122,550 at 4.79%$642.24
122,550 at 4.8%$642.98
122,550 at 4.81%$643.72
122,550 at 4.82%$644.46
122,550 at 4.83%$645.20
122,550 at 4.84%$645.94
122,550 at 4.85%$646.69
122,550 at 4.86%$647.43
122,550 at 4.87%$648.17
122,550 at 4.88%$648.92
122,550 at 4.89%$649.66
122,550 at 4.9%$650.41
122,550 at 4.91%$651.15
122,550 at 4.92%$651.90
122,550 at 4.93%$652.64
122,550 at 4.94%$653.39
122,550 at 4.95%$654.14
122,550 at 4.96%$654.88
122,550 at 4.97%$655.63
122,550 at 4.98%$656.38
122,550 at 4.99%$657.13
122,550 at 5%$657.87
Interest Rate 30 Year
122,550 at 5.01%$658.62
122,550 at 5.02%$659.37
122,550 at 5.03%$660.12
122,550 at 5.04%$660.87
122,550 at 5.05%$661.62
122,550 at 5.06%$662.38
122,550 at 5.07%$663.13
122,550 at 5.08%$663.88
122,550 at 5.09%$664.63
122,550 at 5.1%$665.38
122,550 at 5.11%$666.14
122,550 at 5.12%$666.89
122,550 at 5.13%$667.65
122,550 at 5.14%$668.40
122,550 at 5.15%$669.16
122,550 at 5.16%$669.91
122,550 at 5.17%$670.67
122,550 at 5.18%$671.42
122,550 at 5.19%$672.18
122,550 at 5.2%$672.94
122,550 at 5.21%$673.69
122,550 at 5.22%$674.45
122,550 at 5.23%$675.21
122,550 at 5.24%$675.97
122,550 at 5.25%$676.73
122,550 at 5.26%$677.48
122,550 at 5.27%$678.24
122,550 at 5.28%$679.00
122,550 at 5.29%$679.77
122,550 at 5.3%$680.53
122,550 at 5.31%$681.29
122,550 at 5.32%$682.05
122,550 at 5.33%$682.81
122,550 at 5.34%$683.57
122,550 at 5.35%$684.34
122,550 at 5.36%$685.10
122,550 at 5.37%$685.86
122,550 at 5.38%$686.63
122,550 at 5.39%$687.39
122,550 at 5.4%$688.16
122,550 at 5.41%$688.92
122,550 at 5.42%$689.69
122,550 at 5.43%$690.45
122,550 at 5.44%$691.22
122,550 at 5.45%$691.99
122,550 at 5.46%$692.75
122,550 at 5.47%$693.52
122,550 at 5.48%$694.29
122,550 at 5.49%$695.06
122,550 at 5.5%$695.83
122,550 at 5.51%$696.59
122,550 at 5.52%$697.36
122,550 at 5.53%$698.13
122,550 at 5.54%$698.90
122,550 at 5.55%$699.67
122,550 at 5.56%$700.45
122,550 at 5.57%$701.22
122,550 at 5.58%$701.99
122,550 at 5.59%$702.76
122,550 at 5.6%$703.53
122,550 at 5.61%$704.31
122,550 at 5.62%$705.08
122,550 at 5.63%$705.85
122,550 at 5.64%$706.63
122,550 at 5.65%$707.40
122,550 at 5.66%$708.18
122,550 at 5.67%$708.95
122,550 at 5.68%$709.73
122,550 at 5.69%$710.50
122,550 at 5.7%$711.28
122,550 at 5.71%$712.06
122,550 at 5.72%$712.83
122,550 at 5.73%$713.61
122,550 at 5.74%$714.39
122,550 at 5.75%$715.17
122,550 at 5.76%$715.95
122,550 at 5.77%$716.73
122,550 at 5.78%$717.51
122,550 at 5.79%$718.29
122,550 at 5.8%$719.07
122,550 at 5.81%$719.85
122,550 at 5.82%$720.63
122,550 at 5.83%$721.41
122,550 at 5.84%$722.19
122,550 at 5.85%$722.97
122,550 at 5.86%$723.76
122,550 at 5.87%$724.54
122,550 at 5.88%$725.32
122,550 at 5.89%$726.10
122,550 at 5.9%$726.89
122,550 at 5.91%$727.67
122,550 at 5.92%$728.46
122,550 at 5.93%$729.24
122,550 at 5.94%$730.03
122,550 at 5.95%$730.81
122,550 at 5.96%$731.60
122,550 at 5.97%$732.39
122,550 at 5.98%$733.17
122,550 at 5.99%$733.96
122,550 at 6%$734.75
122,550 at 6.01%$735.54
122,550 at 6.02%$736.33
122,550 at 6.03%$737.11
122,550 at 6.04%$737.90
122,550 at 6.05%$738.69
122,550 at 6.06%$739.48
122,550 at 6.07%$740.27
122,550 at 6.08%$741.06
122,550 at 6.09%$741.86
122,550 at 6.1%$742.65
122,550 at 6.11%$743.44
122,550 at 6.12%$744.23
122,550 at 6.13%$745.02
122,550 at 6.14%$745.82
122,550 at 6.15%$746.61
122,550 at 6.16%$747.40
122,550 at 6.17%$748.20
122,550 at 6.18%$748.99
122,550 at 6.19%$749.79
122,550 at 6.2%$750.58
122,550 at 6.21%$751.38
122,550 at 6.22%$752.17
122,550 at 6.23%$752.97
122,550 at 6.24%$753.76
122,550 at 6.25%$754.56
122,550 at 6.26%$755.36
122,550 at 6.27%$756.16
122,550 at 6.28%$756.95
122,550 at 6.29%$757.75
122,550 at 6.3%$758.55
122,550 at 6.31%$759.35
122,550 at 6.32%$760.15
122,550 at 6.33%$760.95
122,550 at 6.34%$761.75
122,550 at 6.35%$762.55
122,550 at 6.36%$763.35
122,550 at 6.37%$764.15
122,550 at 6.38%$764.95
122,550 at 6.39%$765.76
122,550 at 6.4%$766.56
122,550 at 6.41%$767.36
122,550 at 6.42%$768.16
122,550 at 6.43%$768.97
122,550 at 6.44%$769.77
122,550 at 6.45%$770.57
122,550 at 6.46%$771.38
122,550 at 6.47%$772.18
122,550 at 6.48%$772.99
122,550 at 6.49%$773.79
122,550 at 6.5%$774.60
Interest Rate 30 Year
122,550 at 6.51%$775.41
122,550 at 6.52%$776.21
122,550 at 6.53%$777.02
122,550 at 6.54%$777.83
122,550 at 6.55%$778.63
122,550 at 6.56%$779.44
122,550 at 6.57%$780.25
122,550 at 6.58%$781.06
122,550 at 6.59%$781.87
122,550 at 6.6%$782.68
122,550 at 6.61%$783.49
122,550 at 6.62%$784.30
122,550 at 6.63%$785.11
122,550 at 6.64%$785.92
122,550 at 6.65%$786.73
122,550 at 6.66%$787.54
122,550 at 6.67%$788.35
122,550 at 6.68%$789.16
122,550 at 6.69%$789.98
122,550 at 6.7%$790.79
122,550 at 6.71%$791.60
122,550 at 6.72%$792.41
122,550 at 6.73%$793.23
122,550 at 6.74%$794.04
122,550 at 6.75%$794.86
122,550 at 6.76%$795.67
122,550 at 6.77%$796.49
122,550 at 6.78%$797.30
122,550 at 6.79%$798.12
122,550 at 6.8%$798.93
122,550 at 6.81%$799.75
122,550 at 6.82%$800.57
122,550 at 6.83%$801.38
122,550 at 6.84%$802.20
122,550 at 6.85%$803.02
122,550 at 6.86%$803.84
122,550 at 6.87%$804.66
122,550 at 6.88%$805.48
122,550 at 6.89%$806.29
122,550 at 6.9%$807.11
122,550 at 6.91%$807.93
122,550 at 6.92%$808.75
122,550 at 6.93%$809.58
122,550 at 6.94%$810.40
122,550 at 6.95%$811.22
122,550 at 6.96%$812.04
122,550 at 6.97%$812.86
122,550 at 6.98%$813.68
122,550 at 6.99%$814.51
122,550 at 7%$815.33
122,550 at 7.01%$816.15
122,550 at 7.02%$816.97
122,550 at 7.03%$817.80
122,550 at 7.04%$818.62
122,550 at 7.05%$819.45
122,550 at 7.06%$820.27
122,550 at 7.07%$821.10
122,550 at 7.08%$821.92
122,550 at 7.09%$822.75
122,550 at 7.1%$823.58
122,550 at 7.11%$824.40
122,550 at 7.12%$825.23
122,550 at 7.13%$826.06
122,550 at 7.14%$826.88
122,550 at 7.15%$827.71
122,550 at 7.16%$828.54
122,550 at 7.17%$829.37
122,550 at 7.18%$830.20
122,550 at 7.19%$831.03
122,550 at 7.2%$831.85
122,550 at 7.21%$832.68
122,550 at 7.22%$833.51
122,550 at 7.23%$834.35
122,550 at 7.24%$835.18
122,550 at 7.25%$836.01
122,550 at 7.26%$836.84
122,550 at 7.27%$837.67
122,550 at 7.28%$838.50
122,550 at 7.29%$839.33
122,550 at 7.3%$840.17
122,550 at 7.31%$841.00
122,550 at 7.32%$841.83
122,550 at 7.33%$842.67
122,550 at 7.34%$843.50
122,550 at 7.35%$844.34
122,550 at 7.36%$845.17
122,550 at 7.37%$846.00
122,550 at 7.38%$846.84
122,550 at 7.39%$847.68
122,550 at 7.4%$848.51
122,550 at 7.41%$849.35
122,550 at 7.42%$850.18
122,550 at 7.43%$851.02
122,550 at 7.44%$851.86
122,550 at 7.45%$852.70
122,550 at 7.46%$853.53
122,550 at 7.47%$854.37
122,550 at 7.48%$855.21
122,550 at 7.49%$856.05
122,550 at 7.5%$856.89
122,550 at 7.51%$857.73
122,550 at 7.52%$858.57
122,550 at 7.53%$859.41
122,550 at 7.54%$860.25
122,550 at 7.55%$861.09
122,550 at 7.56%$861.93
122,550 at 7.57%$862.77
122,550 at 7.58%$863.61
122,550 at 7.59%$864.45
122,550 at 7.6%$865.29
122,550 at 7.61%$866.14
122,550 at 7.62%$866.98
122,550 at 7.63%$867.82
122,550 at 7.64%$868.67
122,550 at 7.65%$869.51
122,550 at 7.66%$870.35
122,550 at 7.67%$871.20
122,550 at 7.68%$872.04
122,550 at 7.69%$872.89
122,550 at 7.7%$873.73
122,550 at 7.71%$874.58
122,550 at 7.72%$875.42
122,550 at 7.73%$876.27
122,550 at 7.74%$877.12
122,550 at 7.75%$877.96
122,550 at 7.76%$878.81
122,550 at 7.77%$879.66
122,550 at 7.78%$880.51
122,550 at 7.79%$881.35
122,550 at 7.8%$882.20
122,550 at 7.81%$883.05
122,550 at 7.82%$883.90
122,550 at 7.83%$884.75
122,550 at 7.84%$885.60
122,550 at 7.85%$886.45
122,550 at 7.86%$887.30
122,550 at 7.87%$888.15
122,550 at 7.88%$889.00
122,550 at 7.89%$889.85
122,550 at 7.9%$890.70
122,550 at 7.91%$891.55
122,550 at 7.92%$892.40
122,550 at 7.93%$893.26
122,550 at 7.94%$894.11
122,550 at 7.95%$894.96
122,550 at 7.96%$895.81
122,550 at 7.97%$896.67
122,550 at 7.98%$897.52
122,550 at 7.99%$898.37
122,550 at 8%$899.23
More Amounts
What is the down payment for a $122,550 house? How much do you need to put down?
Percent Down Down Payment
1%1,226
2%2,451
3%3,677
4%4,902
5%6,128
6%7,353
7%8,579
8%9,804
9%11,030
10%12,255
11%13,481
12%14,706
13%15,932
14%17,157
15%18,383
16%19,608
17%20,834
18%22,059
19%23,285
20%24,510
Percent Down Down Payment
21%25,736
22%26,961
23%28,187
24%29,412
25%30,638
26%31,863
27%33,089
28%34,314
29%35,540
30%36,765
31%37,991
32%39,216
33%40,442
34%41,667
35%42,893
36%44,118
37%45,344
38%46,569
39%47,795
40%49,020
Percent Down Down Payment
41%50,246
42%51,471
43%52,697
44%53,922
45%55,148
46%56,373
47%57,599
48%58,824
49%60,050
50%61,275
51%62,501
52%63,726
53%64,952
54%66,177
55%67,403
56%68,628
57%69,854
58%71,079
59%72,305
60%73,530
Percent Down Down Payment
61%74,756
62%75,981
63%77,207
64%78,432
65%79,658
66%80,883
67%82,109
68%83,334
69%84,560
70%85,785
71%87,011
72%88,236
73%89,462
74%90,687
75%91,913
76%93,138
77%94,364
78%95,589
79%96,815
80%98,040
Percent Down Down Payment
81%99,266
82%100,491
83%101,717
84%102,942
85%104,168
86%105,393
87%106,619
88%107,844
89%109,070
90%110,295
91%111,521
92%112,746
93%113,972
94%115,197
95%116,423
96%117,648
97%118,874
98%120,099
99%121,325
100%122,550
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.