$123,100 Mortgage for 30 Years

What is the monthly payment of a 123,100 dollar loan?
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Loan Tables for a $123,100 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 $123,100 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
123,100 at 2.01%$455.62
123,100 at 2.02%$456.23
123,100 at 2.03%$456.85
123,100 at 2.04%$457.47
123,100 at 2.05%$458.09
123,100 at 2.06%$458.70
123,100 at 2.07%$459.32
123,100 at 2.08%$459.94
123,100 at 2.09%$460.56
123,100 at 2.1%$461.18
123,100 at 2.11%$461.80
123,100 at 2.12%$462.42
123,100 at 2.13%$463.05
123,100 at 2.14%$463.67
123,100 at 2.15%$464.29
123,100 at 2.16%$464.91
123,100 at 2.17%$465.54
123,100 at 2.18%$466.16
123,100 at 2.19%$466.79
123,100 at 2.2%$467.41
123,100 at 2.21%$468.04
123,100 at 2.22%$468.66
123,100 at 2.23%$469.29
123,100 at 2.24%$469.92
123,100 at 2.25%$470.54
123,100 at 2.26%$471.17
123,100 at 2.27%$471.80
123,100 at 2.28%$472.43
123,100 at 2.29%$473.06
123,100 at 2.3%$473.69
123,100 at 2.31%$474.32
123,100 at 2.32%$474.95
123,100 at 2.33%$475.58
123,100 at 2.34%$476.22
123,100 at 2.35%$476.85
123,100 at 2.36%$477.48
123,100 at 2.37%$478.11
123,100 at 2.38%$478.75
123,100 at 2.39%$479.38
123,100 at 2.4%$480.02
123,100 at 2.41%$480.65
123,100 at 2.42%$481.29
123,100 at 2.43%$481.93
123,100 at 2.44%$482.56
123,100 at 2.45%$483.20
123,100 at 2.46%$483.84
123,100 at 2.47%$484.48
123,100 at 2.48%$485.11
123,100 at 2.49%$485.75
123,100 at 2.5%$486.39
123,100 at 2.51%$487.03
123,100 at 2.52%$487.67
123,100 at 2.53%$488.32
123,100 at 2.54%$488.96
123,100 at 2.55%$489.60
123,100 at 2.56%$490.24
123,100 at 2.57%$490.89
123,100 at 2.58%$491.53
123,100 at 2.59%$492.17
123,100 at 2.6%$492.82
123,100 at 2.61%$493.46
123,100 at 2.62%$494.11
123,100 at 2.63%$494.75
123,100 at 2.64%$495.40
123,100 at 2.65%$496.05
123,100 at 2.66%$496.70
123,100 at 2.67%$497.34
123,100 at 2.68%$497.99
123,100 at 2.69%$498.64
123,100 at 2.7%$499.29
123,100 at 2.71%$499.94
123,100 at 2.72%$500.59
123,100 at 2.73%$501.24
123,100 at 2.74%$501.89
123,100 at 2.75%$502.54
123,100 at 2.76%$503.20
123,100 at 2.77%$503.85
123,100 at 2.78%$504.50
123,100 at 2.79%$505.16
123,100 at 2.8%$505.81
123,100 at 2.81%$506.47
123,100 at 2.82%$507.12
123,100 at 2.83%$507.78
123,100 at 2.84%$508.43
123,100 at 2.85%$509.09
123,100 at 2.86%$509.75
123,100 at 2.87%$510.40
123,100 at 2.88%$511.06
123,100 at 2.89%$511.72
123,100 at 2.9%$512.38
123,100 at 2.91%$513.04
123,100 at 2.92%$513.70
123,100 at 2.93%$514.36
123,100 at 2.94%$515.02
123,100 at 2.95%$515.68
123,100 at 2.96%$516.34
123,100 at 2.97%$517.00
123,100 at 2.98%$517.67
123,100 at 2.99%$518.33
123,100 at 3%$518.99
123,100 at 3.01%$519.66
123,100 at 3.02%$520.32
123,100 at 3.03%$520.99
123,100 at 3.04%$521.65
123,100 at 3.05%$522.32
123,100 at 3.06%$522.99
123,100 at 3.07%$523.65
123,100 at 3.08%$524.32
123,100 at 3.09%$524.99
123,100 at 3.1%$525.66
123,100 at 3.11%$526.33
123,100 at 3.12%$527.00
123,100 at 3.13%$527.67
123,100 at 3.14%$528.34
123,100 at 3.15%$529.01
123,100 at 3.16%$529.68
123,100 at 3.17%$530.35
123,100 at 3.18%$531.02
123,100 at 3.19%$531.69
123,100 at 3.2%$532.37
123,100 at 3.21%$533.04
123,100 at 3.22%$533.71
123,100 at 3.23%$534.39
123,100 at 3.24%$535.06
123,100 at 3.25%$535.74
123,100 at 3.26%$536.41
123,100 at 3.27%$537.09
123,100 at 3.28%$537.77
123,100 at 3.29%$538.45
123,100 at 3.3%$539.12
123,100 at 3.31%$539.80
123,100 at 3.32%$540.48
123,100 at 3.33%$541.16
123,100 at 3.34%$541.84
123,100 at 3.35%$542.52
123,100 at 3.36%$543.20
123,100 at 3.37%$543.88
123,100 at 3.38%$544.56
123,100 at 3.39%$545.24
123,100 at 3.4%$545.93
123,100 at 3.41%$546.61
123,100 at 3.42%$547.29
123,100 at 3.43%$547.98
123,100 at 3.44%$548.66
123,100 at 3.45%$549.34
123,100 at 3.46%$550.03
123,100 at 3.47%$550.71
123,100 at 3.48%$551.40
123,100 at 3.49%$552.09
123,100 at 3.5%$552.77
Interest Rate 30 Year
123,100 at 3.51%$553.46
123,100 at 3.52%$554.15
123,100 at 3.53%$554.84
123,100 at 3.54%$555.53
123,100 at 3.55%$556.22
123,100 at 3.56%$556.91
123,100 at 3.57%$557.60
123,100 at 3.58%$558.29
123,100 at 3.59%$558.98
123,100 at 3.6%$559.67
123,100 at 3.61%$560.36
123,100 at 3.62%$561.05
123,100 at 3.63%$561.75
123,100 at 3.64%$562.44
123,100 at 3.65%$563.13
123,100 at 3.66%$563.83
123,100 at 3.67%$564.52
123,100 at 3.68%$565.22
123,100 at 3.69%$565.91
123,100 at 3.7%$566.61
123,100 at 3.71%$567.30
123,100 at 3.72%$568.00
123,100 at 3.73%$568.70
123,100 at 3.74%$569.40
123,100 at 3.75%$570.10
123,100 at 3.76%$570.79
123,100 at 3.77%$571.49
123,100 at 3.78%$572.19
123,100 at 3.79%$572.89
123,100 at 3.8%$573.59
123,100 at 3.81%$574.29
123,100 at 3.82%$575.00
123,100 at 3.83%$575.70
123,100 at 3.84%$576.40
123,100 at 3.85%$577.10
123,100 at 3.86%$577.81
123,100 at 3.87%$578.51
123,100 at 3.88%$579.21
123,100 at 3.89%$579.92
123,100 at 3.9%$580.62
123,100 at 3.91%$581.33
123,100 at 3.92%$582.03
123,100 at 3.93%$582.74
123,100 at 3.94%$583.45
123,100 at 3.95%$584.16
123,100 at 3.96%$584.86
123,100 at 3.97%$585.57
123,100 at 3.98%$586.28
123,100 at 3.99%$586.99
123,100 at 4%$587.70
123,100 at 4.01%$588.41
123,100 at 4.02%$589.12
123,100 at 4.03%$589.83
123,100 at 4.04%$590.54
123,100 at 4.05%$591.25
123,100 at 4.06%$591.96
123,100 at 4.07%$592.68
123,100 at 4.08%$593.39
123,100 at 4.09%$594.10
123,100 at 4.1%$594.82
123,100 at 4.11%$595.53
123,100 at 4.12%$596.25
123,100 at 4.13%$596.96
123,100 at 4.14%$597.68
123,100 at 4.15%$598.39
123,100 at 4.16%$599.11
123,100 at 4.17%$599.83
123,100 at 4.18%$600.54
123,100 at 4.19%$601.26
123,100 at 4.2%$601.98
123,100 at 4.21%$602.70
123,100 at 4.22%$603.42
123,100 at 4.23%$604.14
123,100 at 4.24%$604.86
123,100 at 4.25%$605.58
123,100 at 4.26%$606.30
123,100 at 4.27%$607.02
123,100 at 4.28%$607.74
123,100 at 4.29%$608.46
123,100 at 4.3%$609.19
123,100 at 4.31%$609.91
123,100 at 4.32%$610.63
123,100 at 4.33%$611.36
123,100 at 4.34%$612.08
123,100 at 4.35%$612.81
123,100 at 4.36%$613.53
123,100 at 4.37%$614.26
123,100 at 4.38%$614.98
123,100 at 4.39%$615.71
123,100 at 4.4%$616.44
123,100 at 4.41%$617.16
123,100 at 4.42%$617.89
123,100 at 4.43%$618.62
123,100 at 4.44%$619.35
123,100 at 4.45%$620.08
123,100 at 4.46%$620.81
123,100 at 4.47%$621.54
123,100 at 4.48%$622.27
123,100 at 4.49%$623.00
123,100 at 4.5%$623.73
123,100 at 4.51%$624.46
123,100 at 4.52%$625.19
123,100 at 4.53%$625.93
123,100 at 4.54%$626.66
123,100 at 4.55%$627.39
123,100 at 4.56%$628.13
123,100 at 4.57%$628.86
123,100 at 4.58%$629.59
123,100 at 4.59%$630.33
123,100 at 4.6%$631.07
123,100 at 4.61%$631.80
123,100 at 4.62%$632.54
123,100 at 4.63%$633.27
123,100 at 4.64%$634.01
123,100 at 4.65%$634.75
123,100 at 4.66%$635.49
123,100 at 4.67%$636.23
123,100 at 4.68%$636.96
123,100 at 4.69%$637.70
123,100 at 4.7%$638.44
123,100 at 4.71%$639.18
123,100 at 4.72%$639.92
123,100 at 4.73%$640.66
123,100 at 4.74%$641.41
123,100 at 4.75%$642.15
123,100 at 4.76%$642.89
123,100 at 4.77%$643.63
123,100 at 4.78%$644.38
123,100 at 4.79%$645.12
123,100 at 4.8%$645.86
123,100 at 4.81%$646.61
123,100 at 4.82%$647.35
123,100 at 4.83%$648.10
123,100 at 4.84%$648.84
123,100 at 4.85%$649.59
123,100 at 4.86%$650.34
123,100 at 4.87%$651.08
123,100 at 4.88%$651.83
123,100 at 4.89%$652.58
123,100 at 4.9%$653.32
123,100 at 4.91%$654.07
123,100 at 4.92%$654.82
123,100 at 4.93%$655.57
123,100 at 4.94%$656.32
123,100 at 4.95%$657.07
123,100 at 4.96%$657.82
123,100 at 4.97%$658.57
123,100 at 4.98%$659.32
123,100 at 4.99%$660.08
123,100 at 5%$660.83
Interest Rate 30 Year
123,100 at 5.01%$661.58
123,100 at 5.02%$662.33
123,100 at 5.03%$663.09
123,100 at 5.04%$663.84
123,100 at 5.05%$664.59
123,100 at 5.06%$665.35
123,100 at 5.07%$666.10
123,100 at 5.08%$666.86
123,100 at 5.09%$667.61
123,100 at 5.1%$668.37
123,100 at 5.11%$669.13
123,100 at 5.12%$669.88
123,100 at 5.13%$670.64
123,100 at 5.14%$671.40
123,100 at 5.15%$672.16
123,100 at 5.16%$672.92
123,100 at 5.17%$673.68
123,100 at 5.18%$674.44
123,100 at 5.19%$675.20
123,100 at 5.2%$675.96
123,100 at 5.21%$676.72
123,100 at 5.22%$677.48
123,100 at 5.23%$678.24
123,100 at 5.24%$679.00
123,100 at 5.25%$679.76
123,100 at 5.26%$680.53
123,100 at 5.27%$681.29
123,100 at 5.28%$682.05
123,100 at 5.29%$682.82
123,100 at 5.3%$683.58
123,100 at 5.31%$684.34
123,100 at 5.32%$685.11
123,100 at 5.33%$685.88
123,100 at 5.34%$686.64
123,100 at 5.35%$687.41
123,100 at 5.36%$688.17
123,100 at 5.37%$688.94
123,100 at 5.38%$689.71
123,100 at 5.39%$690.48
123,100 at 5.4%$691.24
123,100 at 5.41%$692.01
123,100 at 5.42%$692.78
123,100 at 5.43%$693.55
123,100 at 5.44%$694.32
123,100 at 5.45%$695.09
123,100 at 5.46%$695.86
123,100 at 5.47%$696.63
123,100 at 5.48%$697.40
123,100 at 5.49%$698.18
123,100 at 5.5%$698.95
123,100 at 5.51%$699.72
123,100 at 5.52%$700.49
123,100 at 5.53%$701.27
123,100 at 5.54%$702.04
123,100 at 5.55%$702.81
123,100 at 5.56%$703.59
123,100 at 5.57%$704.36
123,100 at 5.58%$705.14
123,100 at 5.59%$705.92
123,100 at 5.6%$706.69
123,100 at 5.61%$707.47
123,100 at 5.62%$708.24
123,100 at 5.63%$709.02
123,100 at 5.64%$709.80
123,100 at 5.65%$710.58
123,100 at 5.66%$711.36
123,100 at 5.67%$712.13
123,100 at 5.68%$712.91
123,100 at 5.69%$713.69
123,100 at 5.7%$714.47
123,100 at 5.71%$715.25
123,100 at 5.72%$716.03
123,100 at 5.73%$716.81
123,100 at 5.74%$717.60
123,100 at 5.75%$718.38
123,100 at 5.76%$719.16
123,100 at 5.77%$719.94
123,100 at 5.78%$720.73
123,100 at 5.79%$721.51
123,100 at 5.8%$722.29
123,100 at 5.81%$723.08
123,100 at 5.82%$723.86
123,100 at 5.83%$724.65
123,100 at 5.84%$725.43
123,100 at 5.85%$726.22
123,100 at 5.86%$727.00
123,100 at 5.87%$727.79
123,100 at 5.88%$728.58
123,100 at 5.89%$729.36
123,100 at 5.9%$730.15
123,100 at 5.91%$730.94
123,100 at 5.92%$731.73
123,100 at 5.93%$732.52
123,100 at 5.94%$733.30
123,100 at 5.95%$734.09
123,100 at 5.96%$734.88
123,100 at 5.97%$735.67
123,100 at 5.98%$736.46
123,100 at 5.99%$737.26
123,100 at 6%$738.05
123,100 at 6.01%$738.84
123,100 at 6.02%$739.63
123,100 at 6.03%$740.42
123,100 at 6.04%$741.22
123,100 at 6.05%$742.01
123,100 at 6.06%$742.80
123,100 at 6.07%$743.60
123,100 at 6.08%$744.39
123,100 at 6.09%$745.18
123,100 at 6.1%$745.98
123,100 at 6.11%$746.77
123,100 at 6.12%$747.57
123,100 at 6.13%$748.37
123,100 at 6.14%$749.16
123,100 at 6.15%$749.96
123,100 at 6.16%$750.76
123,100 at 6.17%$751.55
123,100 at 6.18%$752.35
123,100 at 6.19%$753.15
123,100 at 6.2%$753.95
123,100 at 6.21%$754.75
123,100 at 6.22%$755.55
123,100 at 6.23%$756.35
123,100 at 6.24%$757.15
123,100 at 6.25%$757.95
123,100 at 6.26%$758.75
123,100 at 6.27%$759.55
123,100 at 6.28%$760.35
123,100 at 6.29%$761.15
123,100 at 6.3%$761.96
123,100 at 6.31%$762.76
123,100 at 6.32%$763.56
123,100 at 6.33%$764.36
123,100 at 6.34%$765.17
123,100 at 6.35%$765.97
123,100 at 6.36%$766.78
123,100 at 6.37%$767.58
123,100 at 6.38%$768.39
123,100 at 6.39%$769.19
123,100 at 6.4%$770.00
123,100 at 6.41%$770.80
123,100 at 6.42%$771.61
123,100 at 6.43%$772.42
123,100 at 6.44%$773.22
123,100 at 6.45%$774.03
123,100 at 6.46%$774.84
123,100 at 6.47%$775.65
123,100 at 6.48%$776.46
123,100 at 6.49%$777.27
123,100 at 6.5%$778.08
Interest Rate 30 Year
123,100 at 6.51%$778.89
123,100 at 6.52%$779.70
123,100 at 6.53%$780.51
123,100 at 6.54%$781.32
123,100 at 6.55%$782.13
123,100 at 6.56%$782.94
123,100 at 6.57%$783.75
123,100 at 6.58%$784.56
123,100 at 6.59%$785.38
123,100 at 6.6%$786.19
123,100 at 6.61%$787.00
123,100 at 6.62%$787.82
123,100 at 6.63%$788.63
123,100 at 6.64%$789.44
123,100 at 6.65%$790.26
123,100 at 6.66%$791.07
123,100 at 6.67%$791.89
123,100 at 6.68%$792.70
123,100 at 6.69%$793.52
123,100 at 6.7%$794.34
123,100 at 6.71%$795.15
123,100 at 6.72%$795.97
123,100 at 6.73%$796.79
123,100 at 6.74%$797.61
123,100 at 6.75%$798.42
123,100 at 6.76%$799.24
123,100 at 6.77%$800.06
123,100 at 6.78%$800.88
123,100 at 6.79%$801.70
123,100 at 6.8%$802.52
123,100 at 6.81%$803.34
123,100 at 6.82%$804.16
123,100 at 6.83%$804.98
123,100 at 6.84%$805.80
123,100 at 6.85%$806.62
123,100 at 6.86%$807.45
123,100 at 6.87%$808.27
123,100 at 6.88%$809.09
123,100 at 6.89%$809.91
123,100 at 6.9%$810.74
123,100 at 6.91%$811.56
123,100 at 6.92%$812.38
123,100 at 6.93%$813.21
123,100 at 6.94%$814.03
123,100 at 6.95%$814.86
123,100 at 6.96%$815.68
123,100 at 6.97%$816.51
123,100 at 6.98%$817.33
123,100 at 6.99%$818.16
123,100 at 7%$818.99
123,100 at 7.01%$819.81
123,100 at 7.02%$820.64
123,100 at 7.03%$821.47
123,100 at 7.04%$822.30
123,100 at 7.05%$823.13
123,100 at 7.06%$823.95
123,100 at 7.07%$824.78
123,100 at 7.08%$825.61
123,100 at 7.09%$826.44
123,100 at 7.1%$827.27
123,100 at 7.11%$828.10
123,100 at 7.12%$828.93
123,100 at 7.13%$829.76
123,100 at 7.14%$830.59
123,100 at 7.15%$831.43
123,100 at 7.16%$832.26
123,100 at 7.17%$833.09
123,100 at 7.18%$833.92
123,100 at 7.19%$834.76
123,100 at 7.2%$835.59
123,100 at 7.21%$836.42
123,100 at 7.22%$837.26
123,100 at 7.23%$838.09
123,100 at 7.24%$838.92
123,100 at 7.25%$839.76
123,100 at 7.26%$840.59
123,100 at 7.27%$841.43
123,100 at 7.28%$842.27
123,100 at 7.29%$843.10
123,100 at 7.3%$843.94
123,100 at 7.31%$844.77
123,100 at 7.32%$845.61
123,100 at 7.33%$846.45
123,100 at 7.34%$847.29
123,100 at 7.35%$848.12
123,100 at 7.36%$848.96
123,100 at 7.37%$849.80
123,100 at 7.38%$850.64
123,100 at 7.39%$851.48
123,100 at 7.4%$852.32
123,100 at 7.41%$853.16
123,100 at 7.42%$854.00
123,100 at 7.43%$854.84
123,100 at 7.44%$855.68
123,100 at 7.45%$856.52
123,100 at 7.46%$857.36
123,100 at 7.47%$858.21
123,100 at 7.48%$859.05
123,100 at 7.49%$859.89
123,100 at 7.5%$860.73
123,100 at 7.51%$861.58
123,100 at 7.52%$862.42
123,100 at 7.53%$863.26
123,100 at 7.54%$864.11
123,100 at 7.55%$864.95
123,100 at 7.56%$865.80
123,100 at 7.57%$866.64
123,100 at 7.58%$867.49
123,100 at 7.59%$868.33
123,100 at 7.6%$869.18
123,100 at 7.61%$870.02
123,100 at 7.62%$870.87
123,100 at 7.63%$871.72
123,100 at 7.64%$872.56
123,100 at 7.65%$873.41
123,100 at 7.66%$874.26
123,100 at 7.67%$875.11
123,100 at 7.68%$875.96
123,100 at 7.69%$876.80
123,100 at 7.7%$877.65
123,100 at 7.71%$878.50
123,100 at 7.72%$879.35
123,100 at 7.73%$880.20
123,100 at 7.74%$881.05
123,100 at 7.75%$881.90
123,100 at 7.76%$882.75
123,100 at 7.77%$883.61
123,100 at 7.78%$884.46
123,100 at 7.79%$885.31
123,100 at 7.8%$886.16
123,100 at 7.81%$887.01
123,100 at 7.82%$887.87
123,100 at 7.83%$888.72
123,100 at 7.84%$889.57
123,100 at 7.85%$890.43
123,100 at 7.86%$891.28
123,100 at 7.87%$892.13
123,100 at 7.88%$892.99
123,100 at 7.89%$893.84
123,100 at 7.9%$894.70
123,100 at 7.91%$895.55
123,100 at 7.92%$896.41
123,100 at 7.93%$897.26
123,100 at 7.94%$898.12
123,100 at 7.95%$898.98
123,100 at 7.96%$899.83
123,100 at 7.97%$900.69
123,100 at 7.98%$901.55
123,100 at 7.99%$902.41
123,100 at 8%$903.26
More Amounts
What is the down payment for a $123,100 house? How much do you need to put down?
Percent Down Down Payment
1%1,231
2%2,462
3%3,693
4%4,924
5%6,155
6%7,386
7%8,617
8%9,848
9%11,079
10%12,310
11%13,541
12%14,772
13%16,003
14%17,234
15%18,465
16%19,696
17%20,927
18%22,158
19%23,389
20%24,620
Percent Down Down Payment
21%25,851
22%27,082
23%28,313
24%29,544
25%30,775
26%32,006
27%33,237
28%34,468
29%35,699
30%36,930
31%38,161
32%39,392
33%40,623
34%41,854
35%43,085
36%44,316
37%45,547
38%46,778
39%48,009
40%49,240
Percent Down Down Payment
41%50,471
42%51,702
43%52,933
44%54,164
45%55,395
46%56,626
47%57,857
48%59,088
49%60,319
50%61,550
51%62,781
52%64,012
53%65,243
54%66,474
55%67,705
56%68,936
57%70,167
58%71,398
59%72,629
60%73,860
Percent Down Down Payment
61%75,091
62%76,322
63%77,553
64%78,784
65%80,015
66%81,246
67%82,477
68%83,708
69%84,939
70%86,170
71%87,401
72%88,632
73%89,863
74%91,094
75%92,325
76%93,556
77%94,787
78%96,018
79%97,249
80%98,480
Percent Down Down Payment
81%99,711
82%100,942
83%102,173
84%103,404
85%104,635
86%105,866
87%107,097
88%108,328
89%109,559
90%110,790
91%112,021
92%113,252
93%114,483
94%115,714
95%116,945
96%118,176
97%119,407
98%120,638
99%121,869
100%123,100
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.