$122,750 Mortgage for 30 Years

What is the monthly payment of a 122,750 dollar loan?
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Loan Tables for a $122,750 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 $122,750 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
122,750 at 2.01%$454.32
122,750 at 2.02%$454.94
122,750 at 2.03%$455.55
122,750 at 2.04%$456.17
122,750 at 2.05%$456.78
122,750 at 2.06%$457.40
122,750 at 2.07%$458.02
122,750 at 2.08%$458.63
122,750 at 2.09%$459.25
122,750 at 2.1%$459.87
122,750 at 2.11%$460.49
122,750 at 2.12%$461.11
122,750 at 2.13%$461.73
122,750 at 2.14%$462.35
122,750 at 2.15%$462.97
122,750 at 2.16%$463.59
122,750 at 2.17%$464.21
122,750 at 2.18%$464.84
122,750 at 2.19%$465.46
122,750 at 2.2%$466.08
122,750 at 2.21%$466.71
122,750 at 2.22%$467.33
122,750 at 2.23%$467.96
122,750 at 2.24%$468.58
122,750 at 2.25%$469.21
122,750 at 2.26%$469.83
122,750 at 2.27%$470.46
122,750 at 2.28%$471.09
122,750 at 2.29%$471.72
122,750 at 2.3%$472.34
122,750 at 2.31%$472.97
122,750 at 2.32%$473.60
122,750 at 2.33%$474.23
122,750 at 2.34%$474.86
122,750 at 2.35%$475.49
122,750 at 2.36%$476.12
122,750 at 2.37%$476.76
122,750 at 2.38%$477.39
122,750 at 2.39%$478.02
122,750 at 2.4%$478.65
122,750 at 2.41%$479.29
122,750 at 2.42%$479.92
122,750 at 2.43%$480.56
122,750 at 2.44%$481.19
122,750 at 2.45%$481.83
122,750 at 2.46%$482.46
122,750 at 2.47%$483.10
122,750 at 2.48%$483.74
122,750 at 2.49%$484.37
122,750 at 2.5%$485.01
122,750 at 2.51%$485.65
122,750 at 2.52%$486.29
122,750 at 2.53%$486.93
122,750 at 2.54%$487.57
122,750 at 2.55%$488.21
122,750 at 2.56%$488.85
122,750 at 2.57%$489.49
122,750 at 2.58%$490.13
122,750 at 2.59%$490.77
122,750 at 2.6%$491.42
122,750 at 2.61%$492.06
122,750 at 2.62%$492.70
122,750 at 2.63%$493.35
122,750 at 2.64%$493.99
122,750 at 2.65%$494.64
122,750 at 2.66%$495.28
122,750 at 2.67%$495.93
122,750 at 2.68%$496.58
122,750 at 2.69%$497.22
122,750 at 2.7%$497.87
122,750 at 2.71%$498.52
122,750 at 2.72%$499.17
122,750 at 2.73%$499.82
122,750 at 2.74%$500.47
122,750 at 2.75%$501.12
122,750 at 2.76%$501.77
122,750 at 2.77%$502.42
122,750 at 2.78%$503.07
122,750 at 2.79%$503.72
122,750 at 2.8%$504.37
122,750 at 2.81%$505.03
122,750 at 2.82%$505.68
122,750 at 2.83%$506.33
122,750 at 2.84%$506.99
122,750 at 2.85%$507.64
122,750 at 2.86%$508.30
122,750 at 2.87%$508.95
122,750 at 2.88%$509.61
122,750 at 2.89%$510.27
122,750 at 2.9%$510.92
122,750 at 2.91%$511.58
122,750 at 2.92%$512.24
122,750 at 2.93%$512.90
122,750 at 2.94%$513.56
122,750 at 2.95%$514.21
122,750 at 2.96%$514.87
122,750 at 2.97%$515.54
122,750 at 2.98%$516.20
122,750 at 2.99%$516.86
122,750 at 3%$517.52
122,750 at 3.01%$518.18
122,750 at 3.02%$518.84
122,750 at 3.03%$519.51
122,750 at 3.04%$520.17
122,750 at 3.05%$520.83
122,750 at 3.06%$521.50
122,750 at 3.07%$522.16
122,750 at 3.08%$522.83
122,750 at 3.09%$523.50
122,750 at 3.1%$524.16
122,750 at 3.11%$524.83
122,750 at 3.12%$525.50
122,750 at 3.13%$526.16
122,750 at 3.14%$526.83
122,750 at 3.15%$527.50
122,750 at 3.16%$528.17
122,750 at 3.17%$528.84
122,750 at 3.18%$529.51
122,750 at 3.19%$530.18
122,750 at 3.2%$530.85
122,750 at 3.21%$531.52
122,750 at 3.22%$532.20
122,750 at 3.23%$532.87
122,750 at 3.24%$533.54
122,750 at 3.25%$534.22
122,750 at 3.26%$534.89
122,750 at 3.27%$535.56
122,750 at 3.28%$536.24
122,750 at 3.29%$536.91
122,750 at 3.3%$537.59
122,750 at 3.31%$538.27
122,750 at 3.32%$538.94
122,750 at 3.33%$539.62
122,750 at 3.34%$540.30
122,750 at 3.35%$540.98
122,750 at 3.36%$541.65
122,750 at 3.37%$542.33
122,750 at 3.38%$543.01
122,750 at 3.39%$543.69
122,750 at 3.4%$544.37
122,750 at 3.41%$545.05
122,750 at 3.42%$545.74
122,750 at 3.43%$546.42
122,750 at 3.44%$547.10
122,750 at 3.45%$547.78
122,750 at 3.46%$548.47
122,750 at 3.47%$549.15
122,750 at 3.48%$549.83
122,750 at 3.49%$550.52
122,750 at 3.5%$551.20
Interest Rate 30 Year
122,750 at 3.51%$551.89
122,750 at 3.52%$552.57
122,750 at 3.53%$553.26
122,750 at 3.54%$553.95
122,750 at 3.55%$554.63
122,750 at 3.56%$555.32
122,750 at 3.57%$556.01
122,750 at 3.58%$556.70
122,750 at 3.59%$557.39
122,750 at 3.6%$558.08
122,750 at 3.61%$558.77
122,750 at 3.62%$559.46
122,750 at 3.63%$560.15
122,750 at 3.64%$560.84
122,750 at 3.65%$561.53
122,750 at 3.66%$562.22
122,750 at 3.67%$562.92
122,750 at 3.68%$563.61
122,750 at 3.69%$564.30
122,750 at 3.7%$565.00
122,750 at 3.71%$565.69
122,750 at 3.72%$566.39
122,750 at 3.73%$567.08
122,750 at 3.74%$567.78
122,750 at 3.75%$568.47
122,750 at 3.76%$569.17
122,750 at 3.77%$569.87
122,750 at 3.78%$570.57
122,750 at 3.79%$571.26
122,750 at 3.8%$571.96
122,750 at 3.81%$572.66
122,750 at 3.82%$573.36
122,750 at 3.83%$574.06
122,750 at 3.84%$574.76
122,750 at 3.85%$575.46
122,750 at 3.86%$576.16
122,750 at 3.87%$576.87
122,750 at 3.88%$577.57
122,750 at 3.89%$578.27
122,750 at 3.9%$578.97
122,750 at 3.91%$579.68
122,750 at 3.92%$580.38
122,750 at 3.93%$581.08
122,750 at 3.94%$581.79
122,750 at 3.95%$582.49
122,750 at 3.96%$583.20
122,750 at 3.97%$583.91
122,750 at 3.98%$584.61
122,750 at 3.99%$585.32
122,750 at 4%$586.03
122,750 at 4.01%$586.74
122,750 at 4.02%$587.44
122,750 at 4.03%$588.15
122,750 at 4.04%$588.86
122,750 at 4.05%$589.57
122,750 at 4.06%$590.28
122,750 at 4.07%$590.99
122,750 at 4.08%$591.70
122,750 at 4.09%$592.41
122,750 at 4.1%$593.13
122,750 at 4.11%$593.84
122,750 at 4.12%$594.55
122,750 at 4.13%$595.26
122,750 at 4.14%$595.98
122,750 at 4.15%$596.69
122,750 at 4.16%$597.41
122,750 at 4.17%$598.12
122,750 at 4.18%$598.84
122,750 at 4.19%$599.55
122,750 at 4.2%$600.27
122,750 at 4.21%$600.99
122,750 at 4.22%$601.70
122,750 at 4.23%$602.42
122,750 at 4.24%$603.14
122,750 at 4.25%$603.86
122,750 at 4.26%$604.58
122,750 at 4.27%$605.29
122,750 at 4.28%$606.01
122,750 at 4.29%$606.73
122,750 at 4.3%$607.45
122,750 at 4.31%$608.18
122,750 at 4.32%$608.90
122,750 at 4.33%$609.62
122,750 at 4.34%$610.34
122,750 at 4.35%$611.06
122,750 at 4.36%$611.79
122,750 at 4.37%$612.51
122,750 at 4.38%$613.23
122,750 at 4.39%$613.96
122,750 at 4.4%$614.68
122,750 at 4.41%$615.41
122,750 at 4.42%$616.14
122,750 at 4.43%$616.86
122,750 at 4.44%$617.59
122,750 at 4.45%$618.31
122,750 at 4.46%$619.04
122,750 at 4.47%$619.77
122,750 at 4.48%$620.50
122,750 at 4.49%$621.23
122,750 at 4.5%$621.96
122,750 at 4.51%$622.69
122,750 at 4.52%$623.42
122,750 at 4.53%$624.15
122,750 at 4.54%$624.88
122,750 at 4.55%$625.61
122,750 at 4.56%$626.34
122,750 at 4.57%$627.07
122,750 at 4.58%$627.80
122,750 at 4.59%$628.54
122,750 at 4.6%$629.27
122,750 at 4.61%$630.00
122,750 at 4.62%$630.74
122,750 at 4.63%$631.47
122,750 at 4.64%$632.21
122,750 at 4.65%$632.94
122,750 at 4.66%$633.68
122,750 at 4.67%$634.42
122,750 at 4.68%$635.15
122,750 at 4.69%$635.89
122,750 at 4.7%$636.63
122,750 at 4.71%$637.37
122,750 at 4.72%$638.10
122,750 at 4.73%$638.84
122,750 at 4.74%$639.58
122,750 at 4.75%$640.32
122,750 at 4.76%$641.06
122,750 at 4.77%$641.80
122,750 at 4.78%$642.54
122,750 at 4.79%$643.28
122,750 at 4.8%$644.03
122,750 at 4.81%$644.77
122,750 at 4.82%$645.51
122,750 at 4.83%$646.25
122,750 at 4.84%$647.00
122,750 at 4.85%$647.74
122,750 at 4.86%$648.49
122,750 at 4.87%$649.23
122,750 at 4.88%$649.98
122,750 at 4.89%$650.72
122,750 at 4.9%$651.47
122,750 at 4.91%$652.21
122,750 at 4.92%$652.96
122,750 at 4.93%$653.71
122,750 at 4.94%$654.45
122,750 at 4.95%$655.20
122,750 at 4.96%$655.95
122,750 at 4.97%$656.70
122,750 at 4.98%$657.45
122,750 at 4.99%$658.20
122,750 at 5%$658.95
Interest Rate 30 Year
122,750 at 5.01%$659.70
122,750 at 5.02%$660.45
122,750 at 5.03%$661.20
122,750 at 5.04%$661.95
122,750 at 5.05%$662.70
122,750 at 5.06%$663.46
122,750 at 5.07%$664.21
122,750 at 5.08%$664.96
122,750 at 5.09%$665.72
122,750 at 5.1%$666.47
122,750 at 5.11%$667.23
122,750 at 5.12%$667.98
122,750 at 5.13%$668.74
122,750 at 5.14%$669.49
122,750 at 5.15%$670.25
122,750 at 5.16%$671.00
122,750 at 5.17%$671.76
122,750 at 5.18%$672.52
122,750 at 5.19%$673.28
122,750 at 5.2%$674.03
122,750 at 5.21%$674.79
122,750 at 5.22%$675.55
122,750 at 5.23%$676.31
122,750 at 5.24%$677.07
122,750 at 5.25%$677.83
122,750 at 5.26%$678.59
122,750 at 5.27%$679.35
122,750 at 5.28%$680.11
122,750 at 5.29%$680.87
122,750 at 5.3%$681.64
122,750 at 5.31%$682.40
122,750 at 5.32%$683.16
122,750 at 5.33%$683.93
122,750 at 5.34%$684.69
122,750 at 5.35%$685.45
122,750 at 5.36%$686.22
122,750 at 5.37%$686.98
122,750 at 5.38%$687.75
122,750 at 5.39%$688.51
122,750 at 5.4%$689.28
122,750 at 5.41%$690.05
122,750 at 5.42%$690.81
122,750 at 5.43%$691.58
122,750 at 5.44%$692.35
122,750 at 5.45%$693.12
122,750 at 5.46%$693.88
122,750 at 5.47%$694.65
122,750 at 5.48%$695.42
122,750 at 5.49%$696.19
122,750 at 5.5%$696.96
122,750 at 5.51%$697.73
122,750 at 5.52%$698.50
122,750 at 5.53%$699.27
122,750 at 5.54%$700.04
122,750 at 5.55%$700.82
122,750 at 5.56%$701.59
122,750 at 5.57%$702.36
122,750 at 5.58%$703.13
122,750 at 5.59%$703.91
122,750 at 5.6%$704.68
122,750 at 5.61%$705.46
122,750 at 5.62%$706.23
122,750 at 5.63%$707.01
122,750 at 5.64%$707.78
122,750 at 5.65%$708.56
122,750 at 5.66%$709.33
122,750 at 5.67%$710.11
122,750 at 5.68%$710.89
122,750 at 5.69%$711.66
122,750 at 5.7%$712.44
122,750 at 5.71%$713.22
122,750 at 5.72%$714.00
122,750 at 5.73%$714.78
122,750 at 5.74%$715.56
122,750 at 5.75%$716.34
122,750 at 5.76%$717.12
122,750 at 5.77%$717.90
122,750 at 5.78%$718.68
122,750 at 5.79%$719.46
122,750 at 5.8%$720.24
122,750 at 5.81%$721.02
122,750 at 5.82%$721.80
122,750 at 5.83%$722.59
122,750 at 5.84%$723.37
122,750 at 5.85%$724.15
122,750 at 5.86%$724.94
122,750 at 5.87%$725.72
122,750 at 5.88%$726.50
122,750 at 5.89%$727.29
122,750 at 5.9%$728.08
122,750 at 5.91%$728.86
122,750 at 5.92%$729.65
122,750 at 5.93%$730.43
122,750 at 5.94%$731.22
122,750 at 5.95%$732.01
122,750 at 5.96%$732.79
122,750 at 5.97%$733.58
122,750 at 5.98%$734.37
122,750 at 5.99%$735.16
122,750 at 6%$735.95
122,750 at 6.01%$736.74
122,750 at 6.02%$737.53
122,750 at 6.03%$738.32
122,750 at 6.04%$739.11
122,750 at 6.05%$739.90
122,750 at 6.06%$740.69
122,750 at 6.07%$741.48
122,750 at 6.08%$742.27
122,750 at 6.09%$743.07
122,750 at 6.1%$743.86
122,750 at 6.11%$744.65
122,750 at 6.12%$745.45
122,750 at 6.13%$746.24
122,750 at 6.14%$747.03
122,750 at 6.15%$747.83
122,750 at 6.16%$748.62
122,750 at 6.17%$749.42
122,750 at 6.18%$750.21
122,750 at 6.19%$751.01
122,750 at 6.2%$751.81
122,750 at 6.21%$752.60
122,750 at 6.22%$753.40
122,750 at 6.23%$754.20
122,750 at 6.24%$754.99
122,750 at 6.25%$755.79
122,750 at 6.26%$756.59
122,750 at 6.27%$757.39
122,750 at 6.28%$758.19
122,750 at 6.29%$758.99
122,750 at 6.3%$759.79
122,750 at 6.31%$760.59
122,750 at 6.32%$761.39
122,750 at 6.33%$762.19
122,750 at 6.34%$762.99
122,750 at 6.35%$763.79
122,750 at 6.36%$764.60
122,750 at 6.37%$765.40
122,750 at 6.38%$766.20
122,750 at 6.39%$767.00
122,750 at 6.4%$767.81
122,750 at 6.41%$768.61
122,750 at 6.42%$769.42
122,750 at 6.43%$770.22
122,750 at 6.44%$771.03
122,750 at 6.45%$771.83
122,750 at 6.46%$772.64
122,750 at 6.47%$773.44
122,750 at 6.48%$774.25
122,750 at 6.49%$775.06
122,750 at 6.5%$775.86
Interest Rate 30 Year
122,750 at 6.51%$776.67
122,750 at 6.52%$777.48
122,750 at 6.53%$778.29
122,750 at 6.54%$779.10
122,750 at 6.55%$779.90
122,750 at 6.56%$780.71
122,750 at 6.57%$781.52
122,750 at 6.58%$782.33
122,750 at 6.59%$783.14
122,750 at 6.6%$783.95
122,750 at 6.61%$784.76
122,750 at 6.62%$785.58
122,750 at 6.63%$786.39
122,750 at 6.64%$787.20
122,750 at 6.65%$788.01
122,750 at 6.66%$788.82
122,750 at 6.67%$789.64
122,750 at 6.68%$790.45
122,750 at 6.69%$791.26
122,750 at 6.7%$792.08
122,750 at 6.71%$792.89
122,750 at 6.72%$793.71
122,750 at 6.73%$794.52
122,750 at 6.74%$795.34
122,750 at 6.75%$796.15
122,750 at 6.76%$796.97
122,750 at 6.77%$797.79
122,750 at 6.78%$798.60
122,750 at 6.79%$799.42
122,750 at 6.8%$800.24
122,750 at 6.81%$801.06
122,750 at 6.82%$801.87
122,750 at 6.83%$802.69
122,750 at 6.84%$803.51
122,750 at 6.85%$804.33
122,750 at 6.86%$805.15
122,750 at 6.87%$805.97
122,750 at 6.88%$806.79
122,750 at 6.89%$807.61
122,750 at 6.9%$808.43
122,750 at 6.91%$809.25
122,750 at 6.92%$810.07
122,750 at 6.93%$810.90
122,750 at 6.94%$811.72
122,750 at 6.95%$812.54
122,750 at 6.96%$813.36
122,750 at 6.97%$814.19
122,750 at 6.98%$815.01
122,750 at 6.99%$815.83
122,750 at 7%$816.66
122,750 at 7.01%$817.48
122,750 at 7.02%$818.31
122,750 at 7.03%$819.13
122,750 at 7.04%$819.96
122,750 at 7.05%$820.78
122,750 at 7.06%$821.61
122,750 at 7.07%$822.44
122,750 at 7.08%$823.26
122,750 at 7.09%$824.09
122,750 at 7.1%$824.92
122,750 at 7.11%$825.75
122,750 at 7.12%$826.58
122,750 at 7.13%$827.40
122,750 at 7.14%$828.23
122,750 at 7.15%$829.06
122,750 at 7.16%$829.89
122,750 at 7.17%$830.72
122,750 at 7.18%$831.55
122,750 at 7.19%$832.38
122,750 at 7.2%$833.21
122,750 at 7.21%$834.04
122,750 at 7.22%$834.88
122,750 at 7.23%$835.71
122,750 at 7.24%$836.54
122,750 at 7.25%$837.37
122,750 at 7.26%$838.20
122,750 at 7.27%$839.04
122,750 at 7.28%$839.87
122,750 at 7.29%$840.70
122,750 at 7.3%$841.54
122,750 at 7.31%$842.37
122,750 at 7.32%$843.21
122,750 at 7.33%$844.04
122,750 at 7.34%$844.88
122,750 at 7.35%$845.71
122,750 at 7.36%$846.55
122,750 at 7.37%$847.39
122,750 at 7.38%$848.22
122,750 at 7.39%$849.06
122,750 at 7.4%$849.90
122,750 at 7.41%$850.73
122,750 at 7.42%$851.57
122,750 at 7.43%$852.41
122,750 at 7.44%$853.25
122,750 at 7.45%$854.09
122,750 at 7.46%$854.93
122,750 at 7.47%$855.77
122,750 at 7.48%$856.61
122,750 at 7.49%$857.45
122,750 at 7.5%$858.29
122,750 at 7.51%$859.13
122,750 at 7.52%$859.97
122,750 at 7.53%$860.81
122,750 at 7.54%$861.65
122,750 at 7.55%$862.49
122,750 at 7.56%$863.33
122,750 at 7.57%$864.18
122,750 at 7.58%$865.02
122,750 at 7.59%$865.86
122,750 at 7.6%$866.71
122,750 at 7.61%$867.55
122,750 at 7.62%$868.39
122,750 at 7.63%$869.24
122,750 at 7.64%$870.08
122,750 at 7.65%$870.93
122,750 at 7.66%$871.77
122,750 at 7.67%$872.62
122,750 at 7.68%$873.47
122,750 at 7.69%$874.31
122,750 at 7.7%$875.16
122,750 at 7.71%$876.01
122,750 at 7.72%$876.85
122,750 at 7.73%$877.70
122,750 at 7.74%$878.55
122,750 at 7.75%$879.40
122,750 at 7.76%$880.24
122,750 at 7.77%$881.09
122,750 at 7.78%$881.94
122,750 at 7.79%$882.79
122,750 at 7.8%$883.64
122,750 at 7.81%$884.49
122,750 at 7.82%$885.34
122,750 at 7.83%$886.19
122,750 at 7.84%$887.04
122,750 at 7.85%$887.89
122,750 at 7.86%$888.75
122,750 at 7.87%$889.60
122,750 at 7.88%$890.45
122,750 at 7.89%$891.30
122,750 at 7.9%$892.15
122,750 at 7.91%$893.01
122,750 at 7.92%$893.86
122,750 at 7.93%$894.71
122,750 at 7.94%$895.57
122,750 at 7.95%$896.42
122,750 at 7.96%$897.28
122,750 at 7.97%$898.13
122,750 at 7.98%$898.99
122,750 at 7.99%$899.84
122,750 at 8%$900.70
More Amounts
What is the down payment for a $122,750 house? How much do you need to put down?
Percent Down Down Payment
1%1,228
2%2,455
3%3,683
4%4,910
5%6,138
6%7,365
7%8,593
8%9,820
9%11,048
10%12,275
11%13,503
12%14,730
13%15,958
14%17,185
15%18,413
16%19,640
17%20,868
18%22,095
19%23,323
20%24,550
Percent Down Down Payment
21%25,778
22%27,005
23%28,233
24%29,460
25%30,688
26%31,915
27%33,143
28%34,370
29%35,598
30%36,825
31%38,053
32%39,280
33%40,508
34%41,735
35%42,963
36%44,190
37%45,418
38%46,645
39%47,873
40%49,100
Percent Down Down Payment
41%50,328
42%51,555
43%52,783
44%54,010
45%55,238
46%56,465
47%57,693
48%58,920
49%60,148
50%61,375
51%62,603
52%63,830
53%65,058
54%66,285
55%67,513
56%68,740
57%69,968
58%71,195
59%72,423
60%73,650
Percent Down Down Payment
61%74,878
62%76,105
63%77,333
64%78,560
65%79,788
66%81,015
67%82,243
68%83,470
69%84,698
70%85,925
71%87,153
72%88,380
73%89,608
74%90,835
75%92,063
76%93,290
77%94,518
78%95,745
79%96,973
80%98,200
Percent Down Down Payment
81%99,428
82%100,655
83%101,883
84%103,110
85%104,338
86%105,565
87%106,793
88%108,020
89%109,248
90%110,475
91%111,703
92%112,930
93%114,158
94%115,385
95%116,613
96%117,840
97%119,068
98%120,295
99%121,523
100%122,750
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.