$123,450 Mortgage for 30 Years

What is the monthly payment of a 123,450 dollar loan?
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Loan Tables for a $123,450 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 $123,450 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
123,450 at 2.01%$456.91
123,450 at 2.02%$457.53
123,450 at 2.03%$458.15
123,450 at 2.04%$458.77
123,450 at 2.05%$459.39
123,450 at 2.06%$460.01
123,450 at 2.07%$460.63
123,450 at 2.08%$461.25
123,450 at 2.09%$461.87
123,450 at 2.1%$462.49
123,450 at 2.11%$463.12
123,450 at 2.12%$463.74
123,450 at 2.13%$464.36
123,450 at 2.14%$464.99
123,450 at 2.15%$465.61
123,450 at 2.16%$466.24
123,450 at 2.17%$466.86
123,450 at 2.18%$467.49
123,450 at 2.19%$468.11
123,450 at 2.2%$468.74
123,450 at 2.21%$469.37
123,450 at 2.22%$470.00
123,450 at 2.23%$470.62
123,450 at 2.24%$471.25
123,450 at 2.25%$471.88
123,450 at 2.26%$472.51
123,450 at 2.27%$473.14
123,450 at 2.28%$473.77
123,450 at 2.29%$474.41
123,450 at 2.3%$475.04
123,450 at 2.31%$475.67
123,450 at 2.32%$476.30
123,450 at 2.33%$476.94
123,450 at 2.34%$477.57
123,450 at 2.35%$478.20
123,450 at 2.36%$478.84
123,450 at 2.37%$479.47
123,450 at 2.38%$480.11
123,450 at 2.39%$480.75
123,450 at 2.4%$481.38
123,450 at 2.41%$482.02
123,450 at 2.42%$482.66
123,450 at 2.43%$483.30
123,450 at 2.44%$483.93
123,450 at 2.45%$484.57
123,450 at 2.46%$485.21
123,450 at 2.47%$485.85
123,450 at 2.48%$486.49
123,450 at 2.49%$487.14
123,450 at 2.5%$487.78
123,450 at 2.51%$488.42
123,450 at 2.52%$489.06
123,450 at 2.53%$489.70
123,450 at 2.54%$490.35
123,450 at 2.55%$490.99
123,450 at 2.56%$491.64
123,450 at 2.57%$492.28
123,450 at 2.58%$492.93
123,450 at 2.59%$493.57
123,450 at 2.6%$494.22
123,450 at 2.61%$494.87
123,450 at 2.62%$495.51
123,450 at 2.63%$496.16
123,450 at 2.64%$496.81
123,450 at 2.65%$497.46
123,450 at 2.66%$498.11
123,450 at 2.67%$498.76
123,450 at 2.68%$499.41
123,450 at 2.69%$500.06
123,450 at 2.7%$500.71
123,450 at 2.71%$501.36
123,450 at 2.72%$502.01
123,450 at 2.73%$502.67
123,450 at 2.74%$503.32
123,450 at 2.75%$503.97
123,450 at 2.76%$504.63
123,450 at 2.77%$505.28
123,450 at 2.78%$505.94
123,450 at 2.79%$506.59
123,450 at 2.8%$507.25
123,450 at 2.81%$507.91
123,450 at 2.82%$508.56
123,450 at 2.83%$509.22
123,450 at 2.84%$509.88
123,450 at 2.85%$510.54
123,450 at 2.86%$511.20
123,450 at 2.87%$511.85
123,450 at 2.88%$512.51
123,450 at 2.89%$513.18
123,450 at 2.9%$513.84
123,450 at 2.91%$514.50
123,450 at 2.92%$515.16
123,450 at 2.93%$515.82
123,450 at 2.94%$516.48
123,450 at 2.95%$517.15
123,450 at 2.96%$517.81
123,450 at 2.97%$518.47
123,450 at 2.98%$519.14
123,450 at 2.99%$519.80
123,450 at 3%$520.47
123,450 at 3.01%$521.14
123,450 at 3.02%$521.80
123,450 at 3.03%$522.47
123,450 at 3.04%$523.14
123,450 at 3.05%$523.81
123,450 at 3.06%$524.47
123,450 at 3.07%$525.14
123,450 at 3.08%$525.81
123,450 at 3.09%$526.48
123,450 at 3.1%$527.15
123,450 at 3.11%$527.82
123,450 at 3.12%$528.49
123,450 at 3.13%$529.17
123,450 at 3.14%$529.84
123,450 at 3.15%$530.51
123,450 at 3.16%$531.18
123,450 at 3.17%$531.86
123,450 at 3.18%$532.53
123,450 at 3.19%$533.21
123,450 at 3.2%$533.88
123,450 at 3.21%$534.56
123,450 at 3.22%$535.23
123,450 at 3.23%$535.91
123,450 at 3.24%$536.58
123,450 at 3.25%$537.26
123,450 at 3.26%$537.94
123,450 at 3.27%$538.62
123,450 at 3.28%$539.30
123,450 at 3.29%$539.98
123,450 at 3.3%$540.66
123,450 at 3.31%$541.34
123,450 at 3.32%$542.02
123,450 at 3.33%$542.70
123,450 at 3.34%$543.38
123,450 at 3.35%$544.06
123,450 at 3.36%$544.74
123,450 at 3.37%$545.43
123,450 at 3.38%$546.11
123,450 at 3.39%$546.79
123,450 at 3.4%$547.48
123,450 at 3.41%$548.16
123,450 at 3.42%$548.85
123,450 at 3.43%$549.53
123,450 at 3.44%$550.22
123,450 at 3.45%$550.91
123,450 at 3.46%$551.59
123,450 at 3.47%$552.28
123,450 at 3.48%$552.97
123,450 at 3.49%$553.66
123,450 at 3.5%$554.35
Interest Rate 30 Year
123,450 at 3.51%$555.04
123,450 at 3.52%$555.72
123,450 at 3.53%$556.42
123,450 at 3.54%$557.11
123,450 at 3.55%$557.80
123,450 at 3.56%$558.49
123,450 at 3.57%$559.18
123,450 at 3.58%$559.87
123,450 at 3.59%$560.57
123,450 at 3.6%$561.26
123,450 at 3.61%$561.95
123,450 at 3.62%$562.65
123,450 at 3.63%$563.34
123,450 at 3.64%$564.04
123,450 at 3.65%$564.73
123,450 at 3.66%$565.43
123,450 at 3.67%$566.13
123,450 at 3.68%$566.82
123,450 at 3.69%$567.52
123,450 at 3.7%$568.22
123,450 at 3.71%$568.92
123,450 at 3.72%$569.62
123,450 at 3.73%$570.32
123,450 at 3.74%$571.02
123,450 at 3.75%$571.72
123,450 at 3.76%$572.42
123,450 at 3.77%$573.12
123,450 at 3.78%$573.82
123,450 at 3.79%$574.52
123,450 at 3.8%$575.22
123,450 at 3.81%$575.93
123,450 at 3.82%$576.63
123,450 at 3.83%$577.33
123,450 at 3.84%$578.04
123,450 at 3.85%$578.74
123,450 at 3.86%$579.45
123,450 at 3.87%$580.15
123,450 at 3.88%$580.86
123,450 at 3.89%$581.57
123,450 at 3.9%$582.27
123,450 at 3.91%$582.98
123,450 at 3.92%$583.69
123,450 at 3.93%$584.40
123,450 at 3.94%$585.11
123,450 at 3.95%$585.82
123,450 at 3.96%$586.53
123,450 at 3.97%$587.24
123,450 at 3.98%$587.95
123,450 at 3.99%$588.66
123,450 at 4%$589.37
123,450 at 4.01%$590.08
123,450 at 4.02%$590.79
123,450 at 4.03%$591.51
123,450 at 4.04%$592.22
123,450 at 4.05%$592.93
123,450 at 4.06%$593.65
123,450 at 4.07%$594.36
123,450 at 4.08%$595.08
123,450 at 4.09%$595.79
123,450 at 4.1%$596.51
123,450 at 4.11%$597.22
123,450 at 4.12%$597.94
123,450 at 4.13%$598.66
123,450 at 4.14%$599.38
123,450 at 4.15%$600.09
123,450 at 4.16%$600.81
123,450 at 4.17%$601.53
123,450 at 4.18%$602.25
123,450 at 4.19%$602.97
123,450 at 4.2%$603.69
123,450 at 4.21%$604.41
123,450 at 4.22%$605.13
123,450 at 4.23%$605.86
123,450 at 4.24%$606.58
123,450 at 4.25%$607.30
123,450 at 4.26%$608.02
123,450 at 4.27%$608.75
123,450 at 4.28%$609.47
123,450 at 4.29%$610.19
123,450 at 4.3%$610.92
123,450 at 4.31%$611.64
123,450 at 4.32%$612.37
123,450 at 4.33%$613.10
123,450 at 4.34%$613.82
123,450 at 4.35%$614.55
123,450 at 4.36%$615.28
123,450 at 4.37%$616.00
123,450 at 4.38%$616.73
123,450 at 4.39%$617.46
123,450 at 4.4%$618.19
123,450 at 4.41%$618.92
123,450 at 4.42%$619.65
123,450 at 4.43%$620.38
123,450 at 4.44%$621.11
123,450 at 4.45%$621.84
123,450 at 4.46%$622.57
123,450 at 4.47%$623.30
123,450 at 4.48%$624.04
123,450 at 4.49%$624.77
123,450 at 4.5%$625.50
123,450 at 4.51%$626.24
123,450 at 4.52%$626.97
123,450 at 4.53%$627.71
123,450 at 4.54%$628.44
123,450 at 4.55%$629.18
123,450 at 4.56%$629.91
123,450 at 4.57%$630.65
123,450 at 4.58%$631.38
123,450 at 4.59%$632.12
123,450 at 4.6%$632.86
123,450 at 4.61%$633.60
123,450 at 4.62%$634.34
123,450 at 4.63%$635.07
123,450 at 4.64%$635.81
123,450 at 4.65%$636.55
123,450 at 4.66%$637.29
123,450 at 4.67%$638.03
123,450 at 4.68%$638.78
123,450 at 4.69%$639.52
123,450 at 4.7%$640.26
123,450 at 4.71%$641.00
123,450 at 4.72%$641.74
123,450 at 4.73%$642.49
123,450 at 4.74%$643.23
123,450 at 4.75%$643.97
123,450 at 4.76%$644.72
123,450 at 4.77%$645.46
123,450 at 4.78%$646.21
123,450 at 4.79%$646.95
123,450 at 4.8%$647.70
123,450 at 4.81%$648.45
123,450 at 4.82%$649.19
123,450 at 4.83%$649.94
123,450 at 4.84%$650.69
123,450 at 4.85%$651.44
123,450 at 4.86%$652.18
123,450 at 4.87%$652.93
123,450 at 4.88%$653.68
123,450 at 4.89%$654.43
123,450 at 4.9%$655.18
123,450 at 4.91%$655.93
123,450 at 4.92%$656.68
123,450 at 4.93%$657.44
123,450 at 4.94%$658.19
123,450 at 4.95%$658.94
123,450 at 4.96%$659.69
123,450 at 4.97%$660.44
123,450 at 4.98%$661.20
123,450 at 4.99%$661.95
123,450 at 5%$662.71
Interest Rate 30 Year
123,450 at 5.01%$663.46
123,450 at 5.02%$664.22
123,450 at 5.03%$664.97
123,450 at 5.04%$665.73
123,450 at 5.05%$666.48
123,450 at 5.06%$667.24
123,450 at 5.07%$668.00
123,450 at 5.08%$668.76
123,450 at 5.09%$669.51
123,450 at 5.1%$670.27
123,450 at 5.11%$671.03
123,450 at 5.12%$671.79
123,450 at 5.13%$672.55
123,450 at 5.14%$673.31
123,450 at 5.15%$674.07
123,450 at 5.16%$674.83
123,450 at 5.17%$675.59
123,450 at 5.18%$676.35
123,450 at 5.19%$677.11
123,450 at 5.2%$677.88
123,450 at 5.21%$678.64
123,450 at 5.22%$679.40
123,450 at 5.23%$680.17
123,450 at 5.24%$680.93
123,450 at 5.25%$681.70
123,450 at 5.26%$682.46
123,450 at 5.27%$683.23
123,450 at 5.28%$683.99
123,450 at 5.29%$684.76
123,450 at 5.3%$685.52
123,450 at 5.31%$686.29
123,450 at 5.32%$687.06
123,450 at 5.33%$687.83
123,450 at 5.34%$688.59
123,450 at 5.35%$689.36
123,450 at 5.36%$690.13
123,450 at 5.37%$690.90
123,450 at 5.38%$691.67
123,450 at 5.39%$692.44
123,450 at 5.4%$693.21
123,450 at 5.41%$693.98
123,450 at 5.42%$694.75
123,450 at 5.43%$695.52
123,450 at 5.44%$696.30
123,450 at 5.45%$697.07
123,450 at 5.46%$697.84
123,450 at 5.47%$698.61
123,450 at 5.48%$699.39
123,450 at 5.49%$700.16
123,450 at 5.5%$700.94
123,450 at 5.51%$701.71
123,450 at 5.52%$702.49
123,450 at 5.53%$703.26
123,450 at 5.54%$704.04
123,450 at 5.55%$704.81
123,450 at 5.56%$705.59
123,450 at 5.57%$706.37
123,450 at 5.58%$707.14
123,450 at 5.59%$707.92
123,450 at 5.6%$708.70
123,450 at 5.61%$709.48
123,450 at 5.62%$710.26
123,450 at 5.63%$711.04
123,450 at 5.64%$711.82
123,450 at 5.65%$712.60
123,450 at 5.66%$713.38
123,450 at 5.67%$714.16
123,450 at 5.68%$714.94
123,450 at 5.69%$715.72
123,450 at 5.7%$716.50
123,450 at 5.71%$717.29
123,450 at 5.72%$718.07
123,450 at 5.73%$718.85
123,450 at 5.74%$719.64
123,450 at 5.75%$720.42
123,450 at 5.76%$721.21
123,450 at 5.77%$721.99
123,450 at 5.78%$722.78
123,450 at 5.79%$723.56
123,450 at 5.8%$724.35
123,450 at 5.81%$725.13
123,450 at 5.82%$725.92
123,450 at 5.83%$726.71
123,450 at 5.84%$727.49
123,450 at 5.85%$728.28
123,450 at 5.86%$729.07
123,450 at 5.87%$729.86
123,450 at 5.88%$730.65
123,450 at 5.89%$731.44
123,450 at 5.9%$732.23
123,450 at 5.91%$733.02
123,450 at 5.92%$733.81
123,450 at 5.93%$734.60
123,450 at 5.94%$735.39
123,450 at 5.95%$736.18
123,450 at 5.96%$736.97
123,450 at 5.97%$737.77
123,450 at 5.98%$738.56
123,450 at 5.99%$739.35
123,450 at 6%$740.15
123,450 at 6.01%$740.94
123,450 at 6.02%$741.73
123,450 at 6.03%$742.53
123,450 at 6.04%$743.32
123,450 at 6.05%$744.12
123,450 at 6.06%$744.91
123,450 at 6.07%$745.71
123,450 at 6.08%$746.51
123,450 at 6.09%$747.30
123,450 at 6.1%$748.10
123,450 at 6.11%$748.90
123,450 at 6.12%$749.70
123,450 at 6.13%$750.49
123,450 at 6.14%$751.29
123,450 at 6.15%$752.09
123,450 at 6.16%$752.89
123,450 at 6.17%$753.69
123,450 at 6.18%$754.49
123,450 at 6.19%$755.29
123,450 at 6.2%$756.09
123,450 at 6.21%$756.89
123,450 at 6.22%$757.70
123,450 at 6.23%$758.50
123,450 at 6.24%$759.30
123,450 at 6.25%$760.10
123,450 at 6.26%$760.91
123,450 at 6.27%$761.71
123,450 at 6.28%$762.51
123,450 at 6.29%$763.32
123,450 at 6.3%$764.12
123,450 at 6.31%$764.93
123,450 at 6.32%$765.73
123,450 at 6.33%$766.54
123,450 at 6.34%$767.34
123,450 at 6.35%$768.15
123,450 at 6.36%$768.96
123,450 at 6.37%$769.76
123,450 at 6.38%$770.57
123,450 at 6.39%$771.38
123,450 at 6.4%$772.19
123,450 at 6.41%$773.00
123,450 at 6.42%$773.80
123,450 at 6.43%$774.61
123,450 at 6.44%$775.42
123,450 at 6.45%$776.23
123,450 at 6.46%$777.04
123,450 at 6.47%$777.85
123,450 at 6.48%$778.66
123,450 at 6.49%$779.48
123,450 at 6.5%$780.29
Interest Rate 30 Year
123,450 at 6.51%$781.10
123,450 at 6.52%$781.91
123,450 at 6.53%$782.73
123,450 at 6.54%$783.54
123,450 at 6.55%$784.35
123,450 at 6.56%$785.17
123,450 at 6.57%$785.98
123,450 at 6.58%$786.79
123,450 at 6.59%$787.61
123,450 at 6.6%$788.42
123,450 at 6.61%$789.24
123,450 at 6.62%$790.06
123,450 at 6.63%$790.87
123,450 at 6.64%$791.69
123,450 at 6.65%$792.51
123,450 at 6.66%$793.32
123,450 at 6.67%$794.14
123,450 at 6.68%$794.96
123,450 at 6.69%$795.78
123,450 at 6.7%$796.60
123,450 at 6.71%$797.41
123,450 at 6.72%$798.23
123,450 at 6.73%$799.05
123,450 at 6.74%$799.87
123,450 at 6.75%$800.69
123,450 at 6.76%$801.52
123,450 at 6.77%$802.34
123,450 at 6.78%$803.16
123,450 at 6.79%$803.98
123,450 at 6.8%$804.80
123,450 at 6.81%$805.62
123,450 at 6.82%$806.45
123,450 at 6.83%$807.27
123,450 at 6.84%$808.09
123,450 at 6.85%$808.92
123,450 at 6.86%$809.74
123,450 at 6.87%$810.57
123,450 at 6.88%$811.39
123,450 at 6.89%$812.22
123,450 at 6.9%$813.04
123,450 at 6.91%$813.87
123,450 at 6.92%$814.69
123,450 at 6.93%$815.52
123,450 at 6.94%$816.35
123,450 at 6.95%$817.17
123,450 at 6.96%$818.00
123,450 at 6.97%$818.83
123,450 at 6.98%$819.66
123,450 at 6.99%$820.49
123,450 at 7%$821.32
123,450 at 7.01%$822.15
123,450 at 7.02%$822.97
123,450 at 7.03%$823.80
123,450 at 7.04%$824.63
123,450 at 7.05%$825.47
123,450 at 7.06%$826.30
123,450 at 7.07%$827.13
123,450 at 7.08%$827.96
123,450 at 7.09%$828.79
123,450 at 7.1%$829.62
123,450 at 7.11%$830.46
123,450 at 7.12%$831.29
123,450 at 7.13%$832.12
123,450 at 7.14%$832.96
123,450 at 7.15%$833.79
123,450 at 7.16%$834.62
123,450 at 7.17%$835.46
123,450 at 7.18%$836.29
123,450 at 7.19%$837.13
123,450 at 7.2%$837.96
123,450 at 7.21%$838.80
123,450 at 7.22%$839.64
123,450 at 7.23%$840.47
123,450 at 7.24%$841.31
123,450 at 7.25%$842.15
123,450 at 7.26%$842.98
123,450 at 7.27%$843.82
123,450 at 7.28%$844.66
123,450 at 7.29%$845.50
123,450 at 7.3%$846.34
123,450 at 7.31%$847.18
123,450 at 7.32%$848.02
123,450 at 7.33%$848.86
123,450 at 7.34%$849.70
123,450 at 7.35%$850.54
123,450 at 7.36%$851.38
123,450 at 7.37%$852.22
123,450 at 7.38%$853.06
123,450 at 7.39%$853.90
123,450 at 7.4%$854.74
123,450 at 7.41%$855.59
123,450 at 7.42%$856.43
123,450 at 7.43%$857.27
123,450 at 7.44%$858.11
123,450 at 7.45%$858.96
123,450 at 7.46%$859.80
123,450 at 7.47%$860.65
123,450 at 7.48%$861.49
123,450 at 7.49%$862.34
123,450 at 7.5%$863.18
123,450 at 7.51%$864.03
123,450 at 7.52%$864.87
123,450 at 7.53%$865.72
123,450 at 7.54%$866.56
123,450 at 7.55%$867.41
123,450 at 7.56%$868.26
123,450 at 7.57%$869.11
123,450 at 7.58%$869.95
123,450 at 7.59%$870.80
123,450 at 7.6%$871.65
123,450 at 7.61%$872.50
123,450 at 7.62%$873.35
123,450 at 7.63%$874.20
123,450 at 7.64%$875.05
123,450 at 7.65%$875.90
123,450 at 7.66%$876.75
123,450 at 7.67%$877.60
123,450 at 7.68%$878.45
123,450 at 7.69%$879.30
123,450 at 7.7%$880.15
123,450 at 7.71%$881.00
123,450 at 7.72%$881.85
123,450 at 7.73%$882.71
123,450 at 7.74%$883.56
123,450 at 7.75%$884.41
123,450 at 7.76%$885.26
123,450 at 7.77%$886.12
123,450 at 7.78%$886.97
123,450 at 7.79%$887.83
123,450 at 7.8%$888.68
123,450 at 7.81%$889.53
123,450 at 7.82%$890.39
123,450 at 7.83%$891.25
123,450 at 7.84%$892.10
123,450 at 7.85%$892.96
123,450 at 7.86%$893.81
123,450 at 7.87%$894.67
123,450 at 7.88%$895.53
123,450 at 7.89%$896.38
123,450 at 7.9%$897.24
123,450 at 7.91%$898.10
123,450 at 7.92%$898.96
123,450 at 7.93%$899.82
123,450 at 7.94%$900.67
123,450 at 7.95%$901.53
123,450 at 7.96%$902.39
123,450 at 7.97%$903.25
123,450 at 7.98%$904.11
123,450 at 7.99%$904.97
123,450 at 8%$905.83
More Amounts
What is the down payment for a $123,450 house? How much do you need to put down?
Percent Down Down Payment
1%1,235
2%2,469
3%3,704
4%4,938
5%6,173
6%7,407
7%8,642
8%9,876
9%11,111
10%12,345
11%13,580
12%14,814
13%16,049
14%17,283
15%18,518
16%19,752
17%20,987
18%22,221
19%23,456
20%24,690
Percent Down Down Payment
21%25,925
22%27,159
23%28,394
24%29,628
25%30,863
26%32,097
27%33,332
28%34,566
29%35,801
30%37,035
31%38,270
32%39,504
33%40,739
34%41,973
35%43,208
36%44,442
37%45,677
38%46,911
39%48,146
40%49,380
Percent Down Down Payment
41%50,615
42%51,849
43%53,084
44%54,318
45%55,553
46%56,787
47%58,022
48%59,256
49%60,491
50%61,725
51%62,960
52%64,194
53%65,429
54%66,663
55%67,898
56%69,132
57%70,367
58%71,601
59%72,836
60%74,070
Percent Down Down Payment
61%75,305
62%76,539
63%77,774
64%79,008
65%80,243
66%81,477
67%82,712
68%83,946
69%85,181
70%86,415
71%87,650
72%88,884
73%90,119
74%91,353
75%92,588
76%93,822
77%95,057
78%96,291
79%97,526
80%98,760
Percent Down Down Payment
81%99,995
82%101,229
83%102,464
84%103,698
85%104,933
86%106,167
87%107,402
88%108,636
89%109,871
90%111,105
91%112,340
92%113,574
93%114,809
94%116,043
95%117,278
96%118,512
97%119,747
98%120,981
99%122,216
100%123,450
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.