$124,500 Mortgage for 30 Years

What is the monthly payment of a 124,500 dollar loan?
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Loan Tables for a $124,500 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 125k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $124,500 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
124,500 at 2.01%$460.80
124,500 at 2.02%$461.42
124,500 at 2.03%$462.05
124,500 at 2.04%$462.67
124,500 at 2.05%$463.30
124,500 at 2.06%$463.92
124,500 at 2.07%$464.55
124,500 at 2.08%$465.17
124,500 at 2.09%$465.80
124,500 at 2.1%$466.43
124,500 at 2.11%$467.05
124,500 at 2.12%$467.68
124,500 at 2.13%$468.31
124,500 at 2.14%$468.94
124,500 at 2.15%$469.57
124,500 at 2.16%$470.20
124,500 at 2.17%$470.83
124,500 at 2.18%$471.46
124,500 at 2.19%$472.10
124,500 at 2.2%$472.73
124,500 at 2.21%$473.36
124,500 at 2.22%$473.99
124,500 at 2.23%$474.63
124,500 at 2.24%$475.26
124,500 at 2.25%$475.90
124,500 at 2.26%$476.53
124,500 at 2.27%$477.17
124,500 at 2.28%$477.80
124,500 at 2.29%$478.44
124,500 at 2.3%$479.08
124,500 at 2.31%$479.72
124,500 at 2.32%$480.35
124,500 at 2.33%$480.99
124,500 at 2.34%$481.63
124,500 at 2.35%$482.27
124,500 at 2.36%$482.91
124,500 at 2.37%$483.55
124,500 at 2.38%$484.19
124,500 at 2.39%$484.83
124,500 at 2.4%$485.48
124,500 at 2.41%$486.12
124,500 at 2.42%$486.76
124,500 at 2.43%$487.41
124,500 at 2.44%$488.05
124,500 at 2.45%$488.70
124,500 at 2.46%$489.34
124,500 at 2.47%$489.99
124,500 at 2.48%$490.63
124,500 at 2.49%$491.28
124,500 at 2.5%$491.93
124,500 at 2.51%$492.57
124,500 at 2.52%$493.22
124,500 at 2.53%$493.87
124,500 at 2.54%$494.52
124,500 at 2.55%$495.17
124,500 at 2.56%$495.82
124,500 at 2.57%$496.47
124,500 at 2.58%$497.12
124,500 at 2.59%$497.77
124,500 at 2.6%$498.42
124,500 at 2.61%$499.08
124,500 at 2.62%$499.73
124,500 at 2.63%$500.38
124,500 at 2.64%$501.04
124,500 at 2.65%$501.69
124,500 at 2.66%$502.34
124,500 at 2.67%$503.00
124,500 at 2.68%$503.66
124,500 at 2.69%$504.31
124,500 at 2.7%$504.97
124,500 at 2.71%$505.63
124,500 at 2.72%$506.28
124,500 at 2.73%$506.94
124,500 at 2.74%$507.60
124,500 at 2.75%$508.26
124,500 at 2.76%$508.92
124,500 at 2.77%$509.58
124,500 at 2.78%$510.24
124,500 at 2.79%$510.90
124,500 at 2.8%$511.56
124,500 at 2.81%$512.23
124,500 at 2.82%$512.89
124,500 at 2.83%$513.55
124,500 at 2.84%$514.21
124,500 at 2.85%$514.88
124,500 at 2.86%$515.54
124,500 at 2.87%$516.21
124,500 at 2.88%$516.87
124,500 at 2.89%$517.54
124,500 at 2.9%$518.21
124,500 at 2.91%$518.87
124,500 at 2.92%$519.54
124,500 at 2.93%$520.21
124,500 at 2.94%$520.88
124,500 at 2.95%$521.55
124,500 at 2.96%$522.22
124,500 at 2.97%$522.88
124,500 at 2.98%$523.56
124,500 at 2.99%$524.23
124,500 at 3%$524.90
124,500 at 3.01%$525.57
124,500 at 3.02%$526.24
124,500 at 3.03%$526.91
124,500 at 3.04%$527.59
124,500 at 3.05%$528.26
124,500 at 3.06%$528.93
124,500 at 3.07%$529.61
124,500 at 3.08%$530.28
124,500 at 3.09%$530.96
124,500 at 3.1%$531.64
124,500 at 3.11%$532.31
124,500 at 3.12%$532.99
124,500 at 3.13%$533.67
124,500 at 3.14%$534.34
124,500 at 3.15%$535.02
124,500 at 3.16%$535.70
124,500 at 3.17%$536.38
124,500 at 3.18%$537.06
124,500 at 3.19%$537.74
124,500 at 3.2%$538.42
124,500 at 3.21%$539.10
124,500 at 3.22%$539.78
124,500 at 3.23%$540.47
124,500 at 3.24%$541.15
124,500 at 3.25%$541.83
124,500 at 3.26%$542.52
124,500 at 3.27%$543.20
124,500 at 3.28%$543.88
124,500 at 3.29%$544.57
124,500 at 3.3%$545.25
124,500 at 3.31%$545.94
124,500 at 3.32%$546.63
124,500 at 3.33%$547.31
124,500 at 3.34%$548.00
124,500 at 3.35%$548.69
124,500 at 3.36%$549.38
124,500 at 3.37%$550.07
124,500 at 3.38%$550.75
124,500 at 3.39%$551.44
124,500 at 3.4%$552.13
124,500 at 3.41%$552.82
124,500 at 3.42%$553.52
124,500 at 3.43%$554.21
124,500 at 3.44%$554.90
124,500 at 3.45%$555.59
124,500 at 3.46%$556.28
124,500 at 3.47%$556.98
124,500 at 3.48%$557.67
124,500 at 3.49%$558.37
124,500 at 3.5%$559.06
Interest Rate 30 Year
124,500 at 3.51%$559.76
124,500 at 3.52%$560.45
124,500 at 3.53%$561.15
124,500 at 3.54%$561.84
124,500 at 3.55%$562.54
124,500 at 3.56%$563.24
124,500 at 3.57%$563.94
124,500 at 3.58%$564.64
124,500 at 3.59%$565.33
124,500 at 3.6%$566.03
124,500 at 3.61%$566.73
124,500 at 3.62%$567.43
124,500 at 3.63%$568.13
124,500 at 3.64%$568.84
124,500 at 3.65%$569.54
124,500 at 3.66%$570.24
124,500 at 3.67%$570.94
124,500 at 3.68%$571.64
124,500 at 3.69%$572.35
124,500 at 3.7%$573.05
124,500 at 3.71%$573.76
124,500 at 3.72%$574.46
124,500 at 3.73%$575.17
124,500 at 3.74%$575.87
124,500 at 3.75%$576.58
124,500 at 3.76%$577.29
124,500 at 3.77%$577.99
124,500 at 3.78%$578.70
124,500 at 3.79%$579.41
124,500 at 3.8%$580.12
124,500 at 3.81%$580.83
124,500 at 3.82%$581.54
124,500 at 3.83%$582.25
124,500 at 3.84%$582.96
124,500 at 3.85%$583.67
124,500 at 3.86%$584.38
124,500 at 3.87%$585.09
124,500 at 3.88%$585.80
124,500 at 3.89%$586.51
124,500 at 3.9%$587.23
124,500 at 3.91%$587.94
124,500 at 3.92%$588.65
124,500 at 3.93%$589.37
124,500 at 3.94%$590.08
124,500 at 3.95%$590.80
124,500 at 3.96%$591.51
124,500 at 3.97%$592.23
124,500 at 3.98%$592.95
124,500 at 3.99%$593.66
124,500 at 4%$594.38
124,500 at 4.01%$595.10
124,500 at 4.02%$595.82
124,500 at 4.03%$596.54
124,500 at 4.04%$597.26
124,500 at 4.05%$597.98
124,500 at 4.06%$598.70
124,500 at 4.07%$599.42
124,500 at 4.08%$600.14
124,500 at 4.09%$600.86
124,500 at 4.1%$601.58
124,500 at 4.11%$602.30
124,500 at 4.12%$603.03
124,500 at 4.13%$603.75
124,500 at 4.14%$604.47
124,500 at 4.15%$605.20
124,500 at 4.16%$605.92
124,500 at 4.17%$606.65
124,500 at 4.18%$607.37
124,500 at 4.19%$608.10
124,500 at 4.2%$608.83
124,500 at 4.21%$609.55
124,500 at 4.22%$610.28
124,500 at 4.23%$611.01
124,500 at 4.24%$611.74
124,500 at 4.25%$612.47
124,500 at 4.26%$613.19
124,500 at 4.27%$613.92
124,500 at 4.28%$614.65
124,500 at 4.29%$615.38
124,500 at 4.3%$616.11
124,500 at 4.31%$616.85
124,500 at 4.32%$617.58
124,500 at 4.33%$618.31
124,500 at 4.34%$619.04
124,500 at 4.35%$619.78
124,500 at 4.36%$620.51
124,500 at 4.37%$621.24
124,500 at 4.38%$621.98
124,500 at 4.39%$622.71
124,500 at 4.4%$623.45
124,500 at 4.41%$624.18
124,500 at 4.42%$624.92
124,500 at 4.43%$625.66
124,500 at 4.44%$626.39
124,500 at 4.45%$627.13
124,500 at 4.46%$627.87
124,500 at 4.47%$628.61
124,500 at 4.48%$629.34
124,500 at 4.49%$630.08
124,500 at 4.5%$630.82
124,500 at 4.51%$631.56
124,500 at 4.52%$632.30
124,500 at 4.53%$633.04
124,500 at 4.54%$633.79
124,500 at 4.55%$634.53
124,500 at 4.56%$635.27
124,500 at 4.57%$636.01
124,500 at 4.58%$636.75
124,500 at 4.59%$637.50
124,500 at 4.6%$638.24
124,500 at 4.61%$638.99
124,500 at 4.62%$639.73
124,500 at 4.63%$640.48
124,500 at 4.64%$641.22
124,500 at 4.65%$641.97
124,500 at 4.66%$642.71
124,500 at 4.67%$643.46
124,500 at 4.68%$644.21
124,500 at 4.69%$644.96
124,500 at 4.7%$645.70
124,500 at 4.71%$646.45
124,500 at 4.72%$647.20
124,500 at 4.73%$647.95
124,500 at 4.74%$648.70
124,500 at 4.75%$649.45
124,500 at 4.76%$650.20
124,500 at 4.77%$650.95
124,500 at 4.78%$651.70
124,500 at 4.79%$652.46
124,500 at 4.8%$653.21
124,500 at 4.81%$653.96
124,500 at 4.82%$654.71
124,500 at 4.83%$655.47
124,500 at 4.84%$656.22
124,500 at 4.85%$656.98
124,500 at 4.86%$657.73
124,500 at 4.87%$658.49
124,500 at 4.88%$659.24
124,500 at 4.89%$660.00
124,500 at 4.9%$660.75
124,500 at 4.91%$661.51
124,500 at 4.92%$662.27
124,500 at 4.93%$663.03
124,500 at 4.94%$663.79
124,500 at 4.95%$664.54
124,500 at 4.96%$665.30
124,500 at 4.97%$666.06
124,500 at 4.98%$666.82
124,500 at 4.99%$667.58
124,500 at 5%$668.34
Interest Rate 30 Year
124,500 at 5.01%$669.10
124,500 at 5.02%$669.87
124,500 at 5.03%$670.63
124,500 at 5.04%$671.39
124,500 at 5.05%$672.15
124,500 at 5.06%$672.92
124,500 at 5.07%$673.68
124,500 at 5.08%$674.44
124,500 at 5.09%$675.21
124,500 at 5.1%$675.97
124,500 at 5.11%$676.74
124,500 at 5.12%$677.50
124,500 at 5.13%$678.27
124,500 at 5.14%$679.04
124,500 at 5.15%$679.80
124,500 at 5.16%$680.57
124,500 at 5.17%$681.34
124,500 at 5.18%$682.11
124,500 at 5.19%$682.87
124,500 at 5.2%$683.64
124,500 at 5.21%$684.41
124,500 at 5.22%$685.18
124,500 at 5.23%$685.95
124,500 at 5.24%$686.72
124,500 at 5.25%$687.49
124,500 at 5.26%$688.26
124,500 at 5.27%$689.04
124,500 at 5.28%$689.81
124,500 at 5.29%$690.58
124,500 at 5.3%$691.35
124,500 at 5.31%$692.13
124,500 at 5.32%$692.90
124,500 at 5.33%$693.68
124,500 at 5.34%$694.45
124,500 at 5.35%$695.23
124,500 at 5.36%$696.00
124,500 at 5.37%$696.78
124,500 at 5.38%$697.55
124,500 at 5.39%$698.33
124,500 at 5.4%$699.11
124,500 at 5.41%$699.88
124,500 at 5.42%$700.66
124,500 at 5.43%$701.44
124,500 at 5.44%$702.22
124,500 at 5.45%$703.00
124,500 at 5.46%$703.78
124,500 at 5.47%$704.56
124,500 at 5.48%$705.34
124,500 at 5.49%$706.12
124,500 at 5.5%$706.90
124,500 at 5.51%$707.68
124,500 at 5.52%$708.46
124,500 at 5.53%$709.24
124,500 at 5.54%$710.02
124,500 at 5.55%$710.81
124,500 at 5.56%$711.59
124,500 at 5.57%$712.37
124,500 at 5.58%$713.16
124,500 at 5.59%$713.94
124,500 at 5.6%$714.73
124,500 at 5.61%$715.51
124,500 at 5.62%$716.30
124,500 at 5.63%$717.09
124,500 at 5.64%$717.87
124,500 at 5.65%$718.66
124,500 at 5.66%$719.45
124,500 at 5.67%$720.23
124,500 at 5.68%$721.02
124,500 at 5.69%$721.81
124,500 at 5.7%$722.60
124,500 at 5.71%$723.39
124,500 at 5.72%$724.18
124,500 at 5.73%$724.97
124,500 at 5.74%$725.76
124,500 at 5.75%$726.55
124,500 at 5.76%$727.34
124,500 at 5.77%$728.13
124,500 at 5.78%$728.92
124,500 at 5.79%$729.71
124,500 at 5.8%$730.51
124,500 at 5.81%$731.30
124,500 at 5.82%$732.09
124,500 at 5.83%$732.89
124,500 at 5.84%$733.68
124,500 at 5.85%$734.48
124,500 at 5.86%$735.27
124,500 at 5.87%$736.07
124,500 at 5.88%$736.86
124,500 at 5.89%$737.66
124,500 at 5.9%$738.45
124,500 at 5.91%$739.25
124,500 at 5.92%$740.05
124,500 at 5.93%$740.85
124,500 at 5.94%$741.64
124,500 at 5.95%$742.44
124,500 at 5.96%$743.24
124,500 at 5.97%$744.04
124,500 at 5.98%$744.84
124,500 at 5.99%$745.64
124,500 at 6%$746.44
124,500 at 6.01%$747.24
124,500 at 6.02%$748.04
124,500 at 6.03%$748.84
124,500 at 6.04%$749.65
124,500 at 6.05%$750.45
124,500 at 6.06%$751.25
124,500 at 6.07%$752.05
124,500 at 6.08%$752.86
124,500 at 6.09%$753.66
124,500 at 6.1%$754.46
124,500 at 6.11%$755.27
124,500 at 6.12%$756.07
124,500 at 6.13%$756.88
124,500 at 6.14%$757.68
124,500 at 6.15%$758.49
124,500 at 6.16%$759.30
124,500 at 6.17%$760.10
124,500 at 6.18%$760.91
124,500 at 6.19%$761.72
124,500 at 6.2%$762.52
124,500 at 6.21%$763.33
124,500 at 6.22%$764.14
124,500 at 6.23%$764.95
124,500 at 6.24%$765.76
124,500 at 6.25%$766.57
124,500 at 6.26%$767.38
124,500 at 6.27%$768.19
124,500 at 6.28%$769.00
124,500 at 6.29%$769.81
124,500 at 6.3%$770.62
124,500 at 6.31%$771.43
124,500 at 6.32%$772.24
124,500 at 6.33%$773.06
124,500 at 6.34%$773.87
124,500 at 6.35%$774.68
124,500 at 6.36%$775.50
124,500 at 6.37%$776.31
124,500 at 6.38%$777.13
124,500 at 6.39%$777.94
124,500 at 6.4%$778.75
124,500 at 6.41%$779.57
124,500 at 6.42%$780.39
124,500 at 6.43%$781.20
124,500 at 6.44%$782.02
124,500 at 6.45%$782.84
124,500 at 6.46%$783.65
124,500 at 6.47%$784.47
124,500 at 6.48%$785.29
124,500 at 6.49%$786.11
124,500 at 6.5%$786.92
Interest Rate 30 Year
124,500 at 6.51%$787.74
124,500 at 6.52%$788.56
124,500 at 6.53%$789.38
124,500 at 6.54%$790.20
124,500 at 6.55%$791.02
124,500 at 6.56%$791.84
124,500 at 6.57%$792.66
124,500 at 6.58%$793.49
124,500 at 6.59%$794.31
124,500 at 6.6%$795.13
124,500 at 6.61%$795.95
124,500 at 6.62%$796.78
124,500 at 6.63%$797.60
124,500 at 6.64%$798.42
124,500 at 6.65%$799.25
124,500 at 6.66%$800.07
124,500 at 6.67%$800.90
124,500 at 6.68%$801.72
124,500 at 6.69%$802.55
124,500 at 6.7%$803.37
124,500 at 6.71%$804.20
124,500 at 6.72%$805.02
124,500 at 6.73%$805.85
124,500 at 6.74%$806.68
124,500 at 6.75%$807.50
124,500 at 6.76%$808.33
124,500 at 6.77%$809.16
124,500 at 6.78%$809.99
124,500 at 6.79%$810.82
124,500 at 6.8%$811.65
124,500 at 6.81%$812.48
124,500 at 6.82%$813.31
124,500 at 6.83%$814.14
124,500 at 6.84%$814.97
124,500 at 6.85%$815.80
124,500 at 6.86%$816.63
124,500 at 6.87%$817.46
124,500 at 6.88%$818.29
124,500 at 6.89%$819.12
124,500 at 6.9%$819.96
124,500 at 6.91%$820.79
124,500 at 6.92%$821.62
124,500 at 6.93%$822.46
124,500 at 6.94%$823.29
124,500 at 6.95%$824.13
124,500 at 6.96%$824.96
124,500 at 6.97%$825.79
124,500 at 6.98%$826.63
124,500 at 6.99%$827.47
124,500 at 7%$828.30
124,500 at 7.01%$829.14
124,500 at 7.02%$829.97
124,500 at 7.03%$830.81
124,500 at 7.04%$831.65
124,500 at 7.05%$832.49
124,500 at 7.06%$833.32
124,500 at 7.07%$834.16
124,500 at 7.08%$835.00
124,500 at 7.09%$835.84
124,500 at 7.1%$836.68
124,500 at 7.11%$837.52
124,500 at 7.12%$838.36
124,500 at 7.13%$839.20
124,500 at 7.14%$840.04
124,500 at 7.15%$840.88
124,500 at 7.16%$841.72
124,500 at 7.17%$842.56
124,500 at 7.18%$843.41
124,500 at 7.19%$844.25
124,500 at 7.2%$845.09
124,500 at 7.21%$845.93
124,500 at 7.22%$846.78
124,500 at 7.23%$847.62
124,500 at 7.24%$848.47
124,500 at 7.25%$849.31
124,500 at 7.26%$850.15
124,500 at 7.27%$851.00
124,500 at 7.28%$851.84
124,500 at 7.29%$852.69
124,500 at 7.3%$853.54
124,500 at 7.31%$854.38
124,500 at 7.32%$855.23
124,500 at 7.33%$856.08
124,500 at 7.34%$856.92
124,500 at 7.35%$857.77
124,500 at 7.36%$858.62
124,500 at 7.37%$859.47
124,500 at 7.38%$860.31
124,500 at 7.39%$861.16
124,500 at 7.4%$862.01
124,500 at 7.41%$862.86
124,500 at 7.42%$863.71
124,500 at 7.43%$864.56
124,500 at 7.44%$865.41
124,500 at 7.45%$866.26
124,500 at 7.46%$867.11
124,500 at 7.47%$867.97
124,500 at 7.48%$868.82
124,500 at 7.49%$869.67
124,500 at 7.5%$870.52
124,500 at 7.51%$871.37
124,500 at 7.52%$872.23
124,500 at 7.53%$873.08
124,500 at 7.54%$873.93
124,500 at 7.55%$874.79
124,500 at 7.56%$875.64
124,500 at 7.57%$876.50
124,500 at 7.58%$877.35
124,500 at 7.59%$878.21
124,500 at 7.6%$879.06
124,500 at 7.61%$879.92
124,500 at 7.62%$880.78
124,500 at 7.63%$881.63
124,500 at 7.64%$882.49
124,500 at 7.65%$883.35
124,500 at 7.66%$884.20
124,500 at 7.67%$885.06
124,500 at 7.68%$885.92
124,500 at 7.69%$886.78
124,500 at 7.7%$887.64
124,500 at 7.71%$888.49
124,500 at 7.72%$889.35
124,500 at 7.73%$890.21
124,500 at 7.74%$891.07
124,500 at 7.75%$891.93
124,500 at 7.76%$892.79
124,500 at 7.77%$893.65
124,500 at 7.78%$894.52
124,500 at 7.79%$895.38
124,500 at 7.8%$896.24
124,500 at 7.81%$897.10
124,500 at 7.82%$897.96
124,500 at 7.83%$898.83
124,500 at 7.84%$899.69
124,500 at 7.85%$900.55
124,500 at 7.86%$901.42
124,500 at 7.87%$902.28
124,500 at 7.88%$903.14
124,500 at 7.89%$904.01
124,500 at 7.9%$904.87
124,500 at 7.91%$905.74
124,500 at 7.92%$906.60
124,500 at 7.93%$907.47
124,500 at 7.94%$908.33
124,500 at 7.95%$909.20
124,500 at 7.96%$910.07
124,500 at 7.97%$910.93
124,500 at 7.98%$911.80
124,500 at 7.99%$912.67
124,500 at 8%$913.54
More Amounts
What is the down payment for a $124,500 house? How much do you need to put down?
Percent Down Down Payment
1%1,245
2%2,490
3%3,735
4%4,980
5%6,225
6%7,470
7%8,715
8%9,960
9%11,205
10%12,450
11%13,695
12%14,940
13%16,185
14%17,430
15%18,675
16%19,920
17%21,165
18%22,410
19%23,655
20%24,900
Percent Down Down Payment
21%26,145
22%27,390
23%28,635
24%29,880
25%31,125
26%32,370
27%33,615
28%34,860
29%36,105
30%37,350
31%38,595
32%39,840
33%41,085
34%42,330
35%43,575
36%44,820
37%46,065
38%47,310
39%48,555
40%49,800
Percent Down Down Payment
41%51,045
42%52,290
43%53,535
44%54,780
45%56,025
46%57,270
47%58,515
48%59,760
49%61,005
50%62,250
51%63,495
52%64,740
53%65,985
54%67,230
55%68,475
56%69,720
57%70,965
58%72,210
59%73,455
60%74,700
Percent Down Down Payment
61%75,945
62%77,190
63%78,435
64%79,680
65%80,925
66%82,170
67%83,415
68%84,660
69%85,905
70%87,150
71%88,395
72%89,640
73%90,885
74%92,130
75%93,375
76%94,620
77%95,865
78%97,110
79%98,355
80%99,600
Percent Down Down Payment
81%100,845
82%102,090
83%103,335
84%104,580
85%105,825
86%107,070
87%108,315
88%109,560
89%110,805
90%112,050
91%113,295
92%114,540
93%115,785
94%117,030
95%118,275
96%119,520
97%120,765
98%122,010
99%123,255
100%124,500
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.