$123,950 Mortgage for 30 Years

What is the monthly payment of a 123,950 dollar loan?
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Loan Tables for a $123,950 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 124k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $123,950 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
123,950 at 2.01%$458.76
123,950 at 2.02%$459.38
123,950 at 2.03%$460.01
123,950 at 2.04%$460.63
123,950 at 2.05%$461.25
123,950 at 2.06%$461.87
123,950 at 2.07%$462.49
123,950 at 2.08%$463.12
123,950 at 2.09%$463.74
123,950 at 2.1%$464.37
123,950 at 2.11%$464.99
123,950 at 2.12%$465.62
123,950 at 2.13%$466.24
123,950 at 2.14%$466.87
123,950 at 2.15%$467.50
123,950 at 2.16%$468.12
123,950 at 2.17%$468.75
123,950 at 2.18%$469.38
123,950 at 2.19%$470.01
123,950 at 2.2%$470.64
123,950 at 2.21%$471.27
123,950 at 2.22%$471.90
123,950 at 2.23%$472.53
123,950 at 2.24%$473.16
123,950 at 2.25%$473.79
123,950 at 2.26%$474.43
123,950 at 2.27%$475.06
123,950 at 2.28%$475.69
123,950 at 2.29%$476.33
123,950 at 2.3%$476.96
123,950 at 2.31%$477.60
123,950 at 2.32%$478.23
123,950 at 2.33%$478.87
123,950 at 2.34%$479.50
123,950 at 2.35%$480.14
123,950 at 2.36%$480.78
123,950 at 2.37%$481.42
123,950 at 2.38%$482.05
123,950 at 2.39%$482.69
123,950 at 2.4%$483.33
123,950 at 2.41%$483.97
123,950 at 2.42%$484.61
123,950 at 2.43%$485.25
123,950 at 2.44%$485.89
123,950 at 2.45%$486.54
123,950 at 2.46%$487.18
123,950 at 2.47%$487.82
123,950 at 2.48%$488.46
123,950 at 2.49%$489.11
123,950 at 2.5%$489.75
123,950 at 2.51%$490.40
123,950 at 2.52%$491.04
123,950 at 2.53%$491.69
123,950 at 2.54%$492.33
123,950 at 2.55%$492.98
123,950 at 2.56%$493.63
123,950 at 2.57%$494.28
123,950 at 2.58%$494.92
123,950 at 2.59%$495.57
123,950 at 2.6%$496.22
123,950 at 2.61%$496.87
123,950 at 2.62%$497.52
123,950 at 2.63%$498.17
123,950 at 2.64%$498.82
123,950 at 2.65%$499.47
123,950 at 2.66%$500.13
123,950 at 2.67%$500.78
123,950 at 2.68%$501.43
123,950 at 2.69%$502.08
123,950 at 2.7%$502.74
123,950 at 2.71%$503.39
123,950 at 2.72%$504.05
123,950 at 2.73%$504.70
123,950 at 2.74%$505.36
123,950 at 2.75%$506.01
123,950 at 2.76%$506.67
123,950 at 2.77%$507.33
123,950 at 2.78%$507.99
123,950 at 2.79%$508.64
123,950 at 2.8%$509.30
123,950 at 2.81%$509.96
123,950 at 2.82%$510.62
123,950 at 2.83%$511.28
123,950 at 2.84%$511.94
123,950 at 2.85%$512.60
123,950 at 2.86%$513.27
123,950 at 2.87%$513.93
123,950 at 2.88%$514.59
123,950 at 2.89%$515.25
123,950 at 2.9%$515.92
123,950 at 2.91%$516.58
123,950 at 2.92%$517.25
123,950 at 2.93%$517.91
123,950 at 2.94%$518.58
123,950 at 2.95%$519.24
123,950 at 2.96%$519.91
123,950 at 2.97%$520.57
123,950 at 2.98%$521.24
123,950 at 2.99%$521.91
123,950 at 3%$522.58
123,950 at 3.01%$523.25
123,950 at 3.02%$523.92
123,950 at 3.03%$524.59
123,950 at 3.04%$525.26
123,950 at 3.05%$525.93
123,950 at 3.06%$526.60
123,950 at 3.07%$527.27
123,950 at 3.08%$527.94
123,950 at 3.09%$528.61
123,950 at 3.1%$529.29
123,950 at 3.11%$529.96
123,950 at 3.12%$530.63
123,950 at 3.13%$531.31
123,950 at 3.14%$531.98
123,950 at 3.15%$532.66
123,950 at 3.16%$533.33
123,950 at 3.17%$534.01
123,950 at 3.18%$534.69
123,950 at 3.19%$535.36
123,950 at 3.2%$536.04
123,950 at 3.21%$536.72
123,950 at 3.22%$537.40
123,950 at 3.23%$538.08
123,950 at 3.24%$538.76
123,950 at 3.25%$539.44
123,950 at 3.26%$540.12
123,950 at 3.27%$540.80
123,950 at 3.28%$541.48
123,950 at 3.29%$542.16
123,950 at 3.3%$542.85
123,950 at 3.31%$543.53
123,950 at 3.32%$544.21
123,950 at 3.33%$544.90
123,950 at 3.34%$545.58
123,950 at 3.35%$546.26
123,950 at 3.36%$546.95
123,950 at 3.37%$547.64
123,950 at 3.38%$548.32
123,950 at 3.39%$549.01
123,950 at 3.4%$549.69
123,950 at 3.41%$550.38
123,950 at 3.42%$551.07
123,950 at 3.43%$551.76
123,950 at 3.44%$552.45
123,950 at 3.45%$553.14
123,950 at 3.46%$553.83
123,950 at 3.47%$554.52
123,950 at 3.48%$555.21
123,950 at 3.49%$555.90
123,950 at 3.5%$556.59
Interest Rate 30 Year
123,950 at 3.51%$557.28
123,950 at 3.52%$557.98
123,950 at 3.53%$558.67
123,950 at 3.54%$559.36
123,950 at 3.55%$560.06
123,950 at 3.56%$560.75
123,950 at 3.57%$561.45
123,950 at 3.58%$562.14
123,950 at 3.59%$562.84
123,950 at 3.6%$563.53
123,950 at 3.61%$564.23
123,950 at 3.62%$564.93
123,950 at 3.63%$565.62
123,950 at 3.64%$566.32
123,950 at 3.65%$567.02
123,950 at 3.66%$567.72
123,950 at 3.67%$568.42
123,950 at 3.68%$569.12
123,950 at 3.69%$569.82
123,950 at 3.7%$570.52
123,950 at 3.71%$571.22
123,950 at 3.72%$571.92
123,950 at 3.73%$572.63
123,950 at 3.74%$573.33
123,950 at 3.75%$574.03
123,950 at 3.76%$574.74
123,950 at 3.77%$575.44
123,950 at 3.78%$576.14
123,950 at 3.79%$576.85
123,950 at 3.8%$577.55
123,950 at 3.81%$578.26
123,950 at 3.82%$578.97
123,950 at 3.83%$579.67
123,950 at 3.84%$580.38
123,950 at 3.85%$581.09
123,950 at 3.86%$581.80
123,950 at 3.87%$582.50
123,950 at 3.88%$583.21
123,950 at 3.89%$583.92
123,950 at 3.9%$584.63
123,950 at 3.91%$585.34
123,950 at 3.92%$586.05
123,950 at 3.93%$586.77
123,950 at 3.94%$587.48
123,950 at 3.95%$588.19
123,950 at 3.96%$588.90
123,950 at 3.97%$589.61
123,950 at 3.98%$590.33
123,950 at 3.99%$591.04
123,950 at 4%$591.76
123,950 at 4.01%$592.47
123,950 at 4.02%$593.19
123,950 at 4.03%$593.90
123,950 at 4.04%$594.62
123,950 at 4.05%$595.33
123,950 at 4.06%$596.05
123,950 at 4.07%$596.77
123,950 at 4.08%$597.49
123,950 at 4.09%$598.21
123,950 at 4.1%$598.92
123,950 at 4.11%$599.64
123,950 at 4.12%$600.36
123,950 at 4.13%$601.08
123,950 at 4.14%$601.80
123,950 at 4.15%$602.53
123,950 at 4.16%$603.25
123,950 at 4.17%$603.97
123,950 at 4.18%$604.69
123,950 at 4.19%$605.41
123,950 at 4.2%$606.14
123,950 at 4.21%$606.86
123,950 at 4.22%$607.58
123,950 at 4.23%$608.31
123,950 at 4.24%$609.03
123,950 at 4.25%$609.76
123,950 at 4.26%$610.49
123,950 at 4.27%$611.21
123,950 at 4.28%$611.94
123,950 at 4.29%$612.67
123,950 at 4.3%$613.39
123,950 at 4.31%$614.12
123,950 at 4.32%$614.85
123,950 at 4.33%$615.58
123,950 at 4.34%$616.31
123,950 at 4.35%$617.04
123,950 at 4.36%$617.77
123,950 at 4.37%$618.50
123,950 at 4.38%$619.23
123,950 at 4.39%$619.96
123,950 at 4.4%$620.69
123,950 at 4.41%$621.43
123,950 at 4.42%$622.16
123,950 at 4.43%$622.89
123,950 at 4.44%$623.63
123,950 at 4.45%$624.36
123,950 at 4.46%$625.09
123,950 at 4.47%$625.83
123,950 at 4.48%$626.56
123,950 at 4.49%$627.30
123,950 at 4.5%$628.04
123,950 at 4.51%$628.77
123,950 at 4.52%$629.51
123,950 at 4.53%$630.25
123,950 at 4.54%$630.99
123,950 at 4.55%$631.72
123,950 at 4.56%$632.46
123,950 at 4.57%$633.20
123,950 at 4.58%$633.94
123,950 at 4.59%$634.68
123,950 at 4.6%$635.42
123,950 at 4.61%$636.16
123,950 at 4.62%$636.91
123,950 at 4.63%$637.65
123,950 at 4.64%$638.39
123,950 at 4.65%$639.13
123,950 at 4.66%$639.87
123,950 at 4.67%$640.62
123,950 at 4.68%$641.36
123,950 at 4.69%$642.11
123,950 at 4.7%$642.85
123,950 at 4.71%$643.60
123,950 at 4.72%$644.34
123,950 at 4.73%$645.09
123,950 at 4.74%$645.83
123,950 at 4.75%$646.58
123,950 at 4.76%$647.33
123,950 at 4.77%$648.08
123,950 at 4.78%$648.83
123,950 at 4.79%$649.57
123,950 at 4.8%$650.32
123,950 at 4.81%$651.07
123,950 at 4.82%$651.82
123,950 at 4.83%$652.57
123,950 at 4.84%$653.32
123,950 at 4.85%$654.07
123,950 at 4.86%$654.83
123,950 at 4.87%$655.58
123,950 at 4.88%$656.33
123,950 at 4.89%$657.08
123,950 at 4.9%$657.84
123,950 at 4.91%$658.59
123,950 at 4.92%$659.34
123,950 at 4.93%$660.10
123,950 at 4.94%$660.85
123,950 at 4.95%$661.61
123,950 at 4.96%$662.36
123,950 at 4.97%$663.12
123,950 at 4.98%$663.88
123,950 at 4.99%$664.63
123,950 at 5%$665.39
Interest Rate 30 Year
123,950 at 5.01%$666.15
123,950 at 5.02%$666.91
123,950 at 5.03%$667.66
123,950 at 5.04%$668.42
123,950 at 5.05%$669.18
123,950 at 5.06%$669.94
123,950 at 5.07%$670.70
123,950 at 5.08%$671.46
123,950 at 5.09%$672.22
123,950 at 5.1%$672.99
123,950 at 5.11%$673.75
123,950 at 5.12%$674.51
123,950 at 5.13%$675.27
123,950 at 5.14%$676.04
123,950 at 5.15%$676.80
123,950 at 5.16%$677.56
123,950 at 5.17%$678.33
123,950 at 5.18%$679.09
123,950 at 5.19%$679.86
123,950 at 5.2%$680.62
123,950 at 5.21%$681.39
123,950 at 5.22%$682.16
123,950 at 5.23%$682.92
123,950 at 5.24%$683.69
123,950 at 5.25%$684.46
123,950 at 5.26%$685.22
123,950 at 5.27%$685.99
123,950 at 5.28%$686.76
123,950 at 5.29%$687.53
123,950 at 5.3%$688.30
123,950 at 5.31%$689.07
123,950 at 5.32%$689.84
123,950 at 5.33%$690.61
123,950 at 5.34%$691.38
123,950 at 5.35%$692.15
123,950 at 5.36%$692.93
123,950 at 5.37%$693.70
123,950 at 5.38%$694.47
123,950 at 5.39%$695.24
123,950 at 5.4%$696.02
123,950 at 5.41%$696.79
123,950 at 5.42%$697.57
123,950 at 5.43%$698.34
123,950 at 5.44%$699.12
123,950 at 5.45%$699.89
123,950 at 5.46%$700.67
123,950 at 5.47%$701.44
123,950 at 5.48%$702.22
123,950 at 5.49%$703.00
123,950 at 5.5%$703.77
123,950 at 5.51%$704.55
123,950 at 5.52%$705.33
123,950 at 5.53%$706.11
123,950 at 5.54%$706.89
123,950 at 5.55%$707.67
123,950 at 5.56%$708.45
123,950 at 5.57%$709.23
123,950 at 5.58%$710.01
123,950 at 5.59%$710.79
123,950 at 5.6%$711.57
123,950 at 5.61%$712.35
123,950 at 5.62%$713.13
123,950 at 5.63%$713.92
123,950 at 5.64%$714.70
123,950 at 5.65%$715.48
123,950 at 5.66%$716.27
123,950 at 5.67%$717.05
123,950 at 5.68%$717.84
123,950 at 5.69%$718.62
123,950 at 5.7%$719.41
123,950 at 5.71%$720.19
123,950 at 5.72%$720.98
123,950 at 5.73%$721.76
123,950 at 5.74%$722.55
123,950 at 5.75%$723.34
123,950 at 5.76%$724.13
123,950 at 5.77%$724.91
123,950 at 5.78%$725.70
123,950 at 5.79%$726.49
123,950 at 5.8%$727.28
123,950 at 5.81%$728.07
123,950 at 5.82%$728.86
123,950 at 5.83%$729.65
123,950 at 5.84%$730.44
123,950 at 5.85%$731.23
123,950 at 5.86%$732.02
123,950 at 5.87%$732.82
123,950 at 5.88%$733.61
123,950 at 5.89%$734.40
123,950 at 5.9%$735.19
123,950 at 5.91%$735.99
123,950 at 5.92%$736.78
123,950 at 5.93%$737.57
123,950 at 5.94%$738.37
123,950 at 5.95%$739.16
123,950 at 5.96%$739.96
123,950 at 5.97%$740.75
123,950 at 5.98%$741.55
123,950 at 5.99%$742.35
123,950 at 6%$743.14
123,950 at 6.01%$743.94
123,950 at 6.02%$744.74
123,950 at 6.03%$745.54
123,950 at 6.04%$746.33
123,950 at 6.05%$747.13
123,950 at 6.06%$747.93
123,950 at 6.07%$748.73
123,950 at 6.08%$749.53
123,950 at 6.09%$750.33
123,950 at 6.1%$751.13
123,950 at 6.11%$751.93
123,950 at 6.12%$752.73
123,950 at 6.13%$753.53
123,950 at 6.14%$754.34
123,950 at 6.15%$755.14
123,950 at 6.16%$755.94
123,950 at 6.17%$756.74
123,950 at 6.18%$757.55
123,950 at 6.19%$758.35
123,950 at 6.2%$759.16
123,950 at 6.21%$759.96
123,950 at 6.22%$760.76
123,950 at 6.23%$761.57
123,950 at 6.24%$762.38
123,950 at 6.25%$763.18
123,950 at 6.26%$763.99
123,950 at 6.27%$764.79
123,950 at 6.28%$765.60
123,950 at 6.29%$766.41
123,950 at 6.3%$767.22
123,950 at 6.31%$768.02
123,950 at 6.32%$768.83
123,950 at 6.33%$769.64
123,950 at 6.34%$770.45
123,950 at 6.35%$771.26
123,950 at 6.36%$772.07
123,950 at 6.37%$772.88
123,950 at 6.38%$773.69
123,950 at 6.39%$774.50
123,950 at 6.4%$775.31
123,950 at 6.41%$776.13
123,950 at 6.42%$776.94
123,950 at 6.43%$777.75
123,950 at 6.44%$778.56
123,950 at 6.45%$779.38
123,950 at 6.46%$780.19
123,950 at 6.47%$781.00
123,950 at 6.48%$781.82
123,950 at 6.49%$782.63
123,950 at 6.5%$783.45
Interest Rate 30 Year
123,950 at 6.51%$784.26
123,950 at 6.52%$785.08
123,950 at 6.53%$785.90
123,950 at 6.54%$786.71
123,950 at 6.55%$787.53
123,950 at 6.56%$788.35
123,950 at 6.57%$789.16
123,950 at 6.58%$789.98
123,950 at 6.59%$790.80
123,950 at 6.6%$791.62
123,950 at 6.61%$792.44
123,950 at 6.62%$793.26
123,950 at 6.63%$794.08
123,950 at 6.64%$794.90
123,950 at 6.65%$795.72
123,950 at 6.66%$796.54
123,950 at 6.67%$797.36
123,950 at 6.68%$798.18
123,950 at 6.69%$799.00
123,950 at 6.7%$799.82
123,950 at 6.71%$800.64
123,950 at 6.72%$801.47
123,950 at 6.73%$802.29
123,950 at 6.74%$803.11
123,950 at 6.75%$803.94
123,950 at 6.76%$804.76
123,950 at 6.77%$805.59
123,950 at 6.78%$806.41
123,950 at 6.79%$807.24
123,950 at 6.8%$808.06
123,950 at 6.81%$808.89
123,950 at 6.82%$809.71
123,950 at 6.83%$810.54
123,950 at 6.84%$811.37
123,950 at 6.85%$812.19
123,950 at 6.86%$813.02
123,950 at 6.87%$813.85
123,950 at 6.88%$814.68
123,950 at 6.89%$815.51
123,950 at 6.9%$816.33
123,950 at 6.91%$817.16
123,950 at 6.92%$817.99
123,950 at 6.93%$818.82
123,950 at 6.94%$819.65
123,950 at 6.95%$820.48
123,950 at 6.96%$821.32
123,950 at 6.97%$822.15
123,950 at 6.98%$822.98
123,950 at 6.99%$823.81
123,950 at 7%$824.64
123,950 at 7.01%$825.48
123,950 at 7.02%$826.31
123,950 at 7.03%$827.14
123,950 at 7.04%$827.97
123,950 at 7.05%$828.81
123,950 at 7.06%$829.64
123,950 at 7.07%$830.48
123,950 at 7.08%$831.31
123,950 at 7.09%$832.15
123,950 at 7.1%$832.98
123,950 at 7.11%$833.82
123,950 at 7.12%$834.66
123,950 at 7.13%$835.49
123,950 at 7.14%$836.33
123,950 at 7.15%$837.17
123,950 at 7.16%$838.00
123,950 at 7.17%$838.84
123,950 at 7.18%$839.68
123,950 at 7.19%$840.52
123,950 at 7.2%$841.36
123,950 at 7.21%$842.20
123,950 at 7.22%$843.04
123,950 at 7.23%$843.88
123,950 at 7.24%$844.72
123,950 at 7.25%$845.56
123,950 at 7.26%$846.40
123,950 at 7.27%$847.24
123,950 at 7.28%$848.08
123,950 at 7.29%$848.92
123,950 at 7.3%$849.77
123,950 at 7.31%$850.61
123,950 at 7.32%$851.45
123,950 at 7.33%$852.29
123,950 at 7.34%$853.14
123,950 at 7.35%$853.98
123,950 at 7.36%$854.83
123,950 at 7.37%$855.67
123,950 at 7.38%$856.51
123,950 at 7.39%$857.36
123,950 at 7.4%$858.20
123,950 at 7.41%$859.05
123,950 at 7.42%$859.90
123,950 at 7.43%$860.74
123,950 at 7.44%$861.59
123,950 at 7.45%$862.44
123,950 at 7.46%$863.28
123,950 at 7.47%$864.13
123,950 at 7.48%$864.98
123,950 at 7.49%$865.83
123,950 at 7.5%$866.68
123,950 at 7.51%$867.53
123,950 at 7.52%$868.37
123,950 at 7.53%$869.22
123,950 at 7.54%$870.07
123,950 at 7.55%$870.92
123,950 at 7.56%$871.77
123,950 at 7.57%$872.63
123,950 at 7.58%$873.48
123,950 at 7.59%$874.33
123,950 at 7.6%$875.18
123,950 at 7.61%$876.03
123,950 at 7.62%$876.88
123,950 at 7.63%$877.74
123,950 at 7.64%$878.59
123,950 at 7.65%$879.44
123,950 at 7.66%$880.30
123,950 at 7.67%$881.15
123,950 at 7.68%$882.00
123,950 at 7.69%$882.86
123,950 at 7.7%$883.71
123,950 at 7.71%$884.57
123,950 at 7.72%$885.42
123,950 at 7.73%$886.28
123,950 at 7.74%$887.14
123,950 at 7.75%$887.99
123,950 at 7.76%$888.85
123,950 at 7.77%$889.71
123,950 at 7.78%$890.56
123,950 at 7.79%$891.42
123,950 at 7.8%$892.28
123,950 at 7.81%$893.14
123,950 at 7.82%$894.00
123,950 at 7.83%$894.86
123,950 at 7.84%$895.71
123,950 at 7.85%$896.57
123,950 at 7.86%$897.43
123,950 at 7.87%$898.29
123,950 at 7.88%$899.15
123,950 at 7.89%$900.01
123,950 at 7.9%$900.88
123,950 at 7.91%$901.74
123,950 at 7.92%$902.60
123,950 at 7.93%$903.46
123,950 at 7.94%$904.32
123,950 at 7.95%$905.18
123,950 at 7.96%$906.05
123,950 at 7.97%$906.91
123,950 at 7.98%$907.77
123,950 at 7.99%$908.64
123,950 at 8%$909.50
More Amounts
What is the down payment for a $123,950 house? How much do you need to put down?
Percent Down Down Payment
1%1,240
2%2,479
3%3,719
4%4,958
5%6,198
6%7,437
7%8,677
8%9,916
9%11,156
10%12,395
11%13,635
12%14,874
13%16,114
14%17,353
15%18,593
16%19,832
17%21,072
18%22,311
19%23,551
20%24,790
Percent Down Down Payment
21%26,030
22%27,269
23%28,509
24%29,748
25%30,988
26%32,227
27%33,467
28%34,706
29%35,946
30%37,185
31%38,425
32%39,664
33%40,904
34%42,143
35%43,383
36%44,622
37%45,862
38%47,101
39%48,341
40%49,580
Percent Down Down Payment
41%50,820
42%52,059
43%53,299
44%54,538
45%55,778
46%57,017
47%58,257
48%59,496
49%60,736
50%61,975
51%63,215
52%64,454
53%65,694
54%66,933
55%68,173
56%69,412
57%70,652
58%71,891
59%73,131
60%74,370
Percent Down Down Payment
61%75,610
62%76,849
63%78,089
64%79,328
65%80,568
66%81,807
67%83,047
68%84,286
69%85,526
70%86,765
71%88,005
72%89,244
73%90,484
74%91,723
75%92,963
76%94,202
77%95,442
78%96,681
79%97,921
80%99,160
Percent Down Down Payment
81%100,400
82%101,639
83%102,879
84%104,118
85%105,358
86%106,597
87%107,837
88%109,076
89%110,316
90%111,555
91%112,795
92%114,034
93%115,274
94%116,513
95%117,753
96%118,992
97%120,232
98%121,471
99%122,711
100%123,950
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.