$124,950 Mortgage for 30 Years

What is the monthly payment of a 124,950 dollar loan?
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Loan Tables for a $124,950 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 $124,950 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
124,950 at 2.01%$462.46
124,950 at 2.02%$463.09
124,950 at 2.03%$463.72
124,950 at 2.04%$464.34
124,950 at 2.05%$464.97
124,950 at 2.06%$465.60
124,950 at 2.07%$466.23
124,950 at 2.08%$466.85
124,950 at 2.09%$467.48
124,950 at 2.1%$468.11
124,950 at 2.11%$468.74
124,950 at 2.12%$469.37
124,950 at 2.13%$470.00
124,950 at 2.14%$470.64
124,950 at 2.15%$471.27
124,950 at 2.16%$471.90
124,950 at 2.17%$472.53
124,950 at 2.18%$473.17
124,950 at 2.19%$473.80
124,950 at 2.2%$474.44
124,950 at 2.21%$475.07
124,950 at 2.22%$475.71
124,950 at 2.23%$476.34
124,950 at 2.24%$476.98
124,950 at 2.25%$477.62
124,950 at 2.26%$478.25
124,950 at 2.27%$478.89
124,950 at 2.28%$479.53
124,950 at 2.29%$480.17
124,950 at 2.3%$480.81
124,950 at 2.31%$481.45
124,950 at 2.32%$482.09
124,950 at 2.33%$482.73
124,950 at 2.34%$483.37
124,950 at 2.35%$484.01
124,950 at 2.36%$484.66
124,950 at 2.37%$485.30
124,950 at 2.38%$485.94
124,950 at 2.39%$486.59
124,950 at 2.4%$487.23
124,950 at 2.41%$487.88
124,950 at 2.42%$488.52
124,950 at 2.43%$489.17
124,950 at 2.44%$489.81
124,950 at 2.45%$490.46
124,950 at 2.46%$491.11
124,950 at 2.47%$491.76
124,950 at 2.48%$492.41
124,950 at 2.49%$493.05
124,950 at 2.5%$493.70
124,950 at 2.51%$494.35
124,950 at 2.52%$495.00
124,950 at 2.53%$495.65
124,950 at 2.54%$496.31
124,950 at 2.55%$496.96
124,950 at 2.56%$497.61
124,950 at 2.57%$498.26
124,950 at 2.58%$498.92
124,950 at 2.59%$499.57
124,950 at 2.6%$500.22
124,950 at 2.61%$500.88
124,950 at 2.62%$501.53
124,950 at 2.63%$502.19
124,950 at 2.64%$502.85
124,950 at 2.65%$503.50
124,950 at 2.66%$504.16
124,950 at 2.67%$504.82
124,950 at 2.68%$505.48
124,950 at 2.69%$506.14
124,950 at 2.7%$506.79
124,950 at 2.71%$507.45
124,950 at 2.72%$508.11
124,950 at 2.73%$508.77
124,950 at 2.74%$509.44
124,950 at 2.75%$510.10
124,950 at 2.76%$510.76
124,950 at 2.77%$511.42
124,950 at 2.78%$512.09
124,950 at 2.79%$512.75
124,950 at 2.8%$513.41
124,950 at 2.81%$514.08
124,950 at 2.82%$514.74
124,950 at 2.83%$515.41
124,950 at 2.84%$516.07
124,950 at 2.85%$516.74
124,950 at 2.86%$517.41
124,950 at 2.87%$518.07
124,950 at 2.88%$518.74
124,950 at 2.89%$519.41
124,950 at 2.9%$520.08
124,950 at 2.91%$520.75
124,950 at 2.92%$521.42
124,950 at 2.93%$522.09
124,950 at 2.94%$522.76
124,950 at 2.95%$523.43
124,950 at 2.96%$524.10
124,950 at 2.97%$524.77
124,950 at 2.98%$525.45
124,950 at 2.99%$526.12
124,950 at 3%$526.79
124,950 at 3.01%$527.47
124,950 at 3.02%$528.14
124,950 at 3.03%$528.82
124,950 at 3.04%$529.49
124,950 at 3.05%$530.17
124,950 at 3.06%$530.85
124,950 at 3.07%$531.52
124,950 at 3.08%$532.20
124,950 at 3.09%$532.88
124,950 at 3.1%$533.56
124,950 at 3.11%$534.24
124,950 at 3.12%$534.92
124,950 at 3.13%$535.60
124,950 at 3.14%$536.28
124,950 at 3.15%$536.96
124,950 at 3.16%$537.64
124,950 at 3.17%$538.32
124,950 at 3.18%$539.00
124,950 at 3.19%$539.68
124,950 at 3.2%$540.37
124,950 at 3.21%$541.05
124,950 at 3.22%$541.74
124,950 at 3.23%$542.42
124,950 at 3.24%$543.10
124,950 at 3.25%$543.79
124,950 at 3.26%$544.48
124,950 at 3.27%$545.16
124,950 at 3.28%$545.85
124,950 at 3.29%$546.54
124,950 at 3.3%$547.23
124,950 at 3.31%$547.91
124,950 at 3.32%$548.60
124,950 at 3.33%$549.29
124,950 at 3.34%$549.98
124,950 at 3.35%$550.67
124,950 at 3.36%$551.36
124,950 at 3.37%$552.05
124,950 at 3.38%$552.75
124,950 at 3.39%$553.44
124,950 at 3.4%$554.13
124,950 at 3.41%$554.82
124,950 at 3.42%$555.52
124,950 at 3.43%$556.21
124,950 at 3.44%$556.90
124,950 at 3.45%$557.60
124,950 at 3.46%$558.30
124,950 at 3.47%$558.99
124,950 at 3.48%$559.69
124,950 at 3.49%$560.38
124,950 at 3.5%$561.08
Interest Rate 30 Year
124,950 at 3.51%$561.78
124,950 at 3.52%$562.48
124,950 at 3.53%$563.18
124,950 at 3.54%$563.87
124,950 at 3.55%$564.57
124,950 at 3.56%$565.27
124,950 at 3.57%$565.98
124,950 at 3.58%$566.68
124,950 at 3.59%$567.38
124,950 at 3.6%$568.08
124,950 at 3.61%$568.78
124,950 at 3.62%$569.48
124,950 at 3.63%$570.19
124,950 at 3.64%$570.89
124,950 at 3.65%$571.60
124,950 at 3.66%$572.30
124,950 at 3.67%$573.01
124,950 at 3.68%$573.71
124,950 at 3.69%$574.42
124,950 at 3.7%$575.12
124,950 at 3.71%$575.83
124,950 at 3.72%$576.54
124,950 at 3.73%$577.25
124,950 at 3.74%$577.95
124,950 at 3.75%$578.66
124,950 at 3.76%$579.37
124,950 at 3.77%$580.08
124,950 at 3.78%$580.79
124,950 at 3.79%$581.50
124,950 at 3.8%$582.21
124,950 at 3.81%$582.93
124,950 at 3.82%$583.64
124,950 at 3.83%$584.35
124,950 at 3.84%$585.06
124,950 at 3.85%$585.78
124,950 at 3.86%$586.49
124,950 at 3.87%$587.20
124,950 at 3.88%$587.92
124,950 at 3.89%$588.63
124,950 at 3.9%$589.35
124,950 at 3.91%$590.07
124,950 at 3.92%$590.78
124,950 at 3.93%$591.50
124,950 at 3.94%$592.22
124,950 at 3.95%$592.93
124,950 at 3.96%$593.65
124,950 at 3.97%$594.37
124,950 at 3.98%$595.09
124,950 at 3.99%$595.81
124,950 at 4%$596.53
124,950 at 4.01%$597.25
124,950 at 4.02%$597.97
124,950 at 4.03%$598.69
124,950 at 4.04%$599.42
124,950 at 4.05%$600.14
124,950 at 4.06%$600.86
124,950 at 4.07%$601.58
124,950 at 4.08%$602.31
124,950 at 4.09%$603.03
124,950 at 4.1%$603.76
124,950 at 4.11%$604.48
124,950 at 4.12%$605.21
124,950 at 4.13%$605.93
124,950 at 4.14%$606.66
124,950 at 4.15%$607.39
124,950 at 4.16%$608.11
124,950 at 4.17%$608.84
124,950 at 4.18%$609.57
124,950 at 4.19%$610.30
124,950 at 4.2%$611.03
124,950 at 4.21%$611.76
124,950 at 4.22%$612.49
124,950 at 4.23%$613.22
124,950 at 4.24%$613.95
124,950 at 4.25%$614.68
124,950 at 4.26%$615.41
124,950 at 4.27%$616.14
124,950 at 4.28%$616.88
124,950 at 4.29%$617.61
124,950 at 4.3%$618.34
124,950 at 4.31%$619.08
124,950 at 4.32%$619.81
124,950 at 4.33%$620.54
124,950 at 4.34%$621.28
124,950 at 4.35%$622.02
124,950 at 4.36%$622.75
124,950 at 4.37%$623.49
124,950 at 4.38%$624.23
124,950 at 4.39%$624.96
124,950 at 4.4%$625.70
124,950 at 4.41%$626.44
124,950 at 4.42%$627.18
124,950 at 4.43%$627.92
124,950 at 4.44%$628.66
124,950 at 4.45%$629.40
124,950 at 4.46%$630.14
124,950 at 4.47%$630.88
124,950 at 4.48%$631.62
124,950 at 4.49%$632.36
124,950 at 4.5%$633.10
124,950 at 4.51%$633.85
124,950 at 4.52%$634.59
124,950 at 4.53%$635.33
124,950 at 4.54%$636.08
124,950 at 4.55%$636.82
124,950 at 4.56%$637.57
124,950 at 4.57%$638.31
124,950 at 4.58%$639.06
124,950 at 4.59%$639.80
124,950 at 4.6%$640.55
124,950 at 4.61%$641.30
124,950 at 4.62%$642.04
124,950 at 4.63%$642.79
124,950 at 4.64%$643.54
124,950 at 4.65%$644.29
124,950 at 4.66%$645.04
124,950 at 4.67%$645.79
124,950 at 4.68%$646.54
124,950 at 4.69%$647.29
124,950 at 4.7%$648.04
124,950 at 4.71%$648.79
124,950 at 4.72%$649.54
124,950 at 4.73%$650.29
124,950 at 4.74%$651.05
124,950 at 4.75%$651.80
124,950 at 4.76%$652.55
124,950 at 4.77%$653.31
124,950 at 4.78%$654.06
124,950 at 4.79%$654.81
124,950 at 4.8%$655.57
124,950 at 4.81%$656.32
124,950 at 4.82%$657.08
124,950 at 4.83%$657.84
124,950 at 4.84%$658.59
124,950 at 4.85%$659.35
124,950 at 4.86%$660.11
124,950 at 4.87%$660.87
124,950 at 4.88%$661.62
124,950 at 4.89%$662.38
124,950 at 4.9%$663.14
124,950 at 4.91%$663.90
124,950 at 4.92%$664.66
124,950 at 4.93%$665.42
124,950 at 4.94%$666.18
124,950 at 4.95%$666.95
124,950 at 4.96%$667.71
124,950 at 4.97%$668.47
124,950 at 4.98%$669.23
124,950 at 4.99%$670.00
124,950 at 5%$670.76
Interest Rate 30 Year
124,950 at 5.01%$671.52
124,950 at 5.02%$672.29
124,950 at 5.03%$673.05
124,950 at 5.04%$673.82
124,950 at 5.05%$674.58
124,950 at 5.06%$675.35
124,950 at 5.07%$676.11
124,950 at 5.08%$676.88
124,950 at 5.09%$677.65
124,950 at 5.1%$678.42
124,950 at 5.11%$679.18
124,950 at 5.12%$679.95
124,950 at 5.13%$680.72
124,950 at 5.14%$681.49
124,950 at 5.15%$682.26
124,950 at 5.16%$683.03
124,950 at 5.17%$683.80
124,950 at 5.18%$684.57
124,950 at 5.19%$685.34
124,950 at 5.2%$686.11
124,950 at 5.21%$686.89
124,950 at 5.22%$687.66
124,950 at 5.23%$688.43
124,950 at 5.24%$689.20
124,950 at 5.25%$689.98
124,950 at 5.26%$690.75
124,950 at 5.27%$691.53
124,950 at 5.28%$692.30
124,950 at 5.29%$693.08
124,950 at 5.3%$693.85
124,950 at 5.31%$694.63
124,950 at 5.32%$695.41
124,950 at 5.33%$696.18
124,950 at 5.34%$696.96
124,950 at 5.35%$697.74
124,950 at 5.36%$698.52
124,950 at 5.37%$699.29
124,950 at 5.38%$700.07
124,950 at 5.39%$700.85
124,950 at 5.4%$701.63
124,950 at 5.41%$702.41
124,950 at 5.42%$703.19
124,950 at 5.43%$703.97
124,950 at 5.44%$704.76
124,950 at 5.45%$705.54
124,950 at 5.46%$706.32
124,950 at 5.47%$707.10
124,950 at 5.48%$707.89
124,950 at 5.49%$708.67
124,950 at 5.5%$709.45
124,950 at 5.51%$710.24
124,950 at 5.52%$711.02
124,950 at 5.53%$711.81
124,950 at 5.54%$712.59
124,950 at 5.55%$713.38
124,950 at 5.56%$714.16
124,950 at 5.57%$714.95
124,950 at 5.58%$715.74
124,950 at 5.59%$716.52
124,950 at 5.6%$717.31
124,950 at 5.61%$718.10
124,950 at 5.62%$718.89
124,950 at 5.63%$719.68
124,950 at 5.64%$720.47
124,950 at 5.65%$721.26
124,950 at 5.66%$722.05
124,950 at 5.67%$722.84
124,950 at 5.68%$723.63
124,950 at 5.69%$724.42
124,950 at 5.7%$725.21
124,950 at 5.71%$726.00
124,950 at 5.72%$726.79
124,950 at 5.73%$727.59
124,950 at 5.74%$728.38
124,950 at 5.75%$729.17
124,950 at 5.76%$729.97
124,950 at 5.77%$730.76
124,950 at 5.78%$731.56
124,950 at 5.79%$732.35
124,950 at 5.8%$733.15
124,950 at 5.81%$733.94
124,950 at 5.82%$734.74
124,950 at 5.83%$735.54
124,950 at 5.84%$736.33
124,950 at 5.85%$737.13
124,950 at 5.86%$737.93
124,950 at 5.87%$738.73
124,950 at 5.88%$739.53
124,950 at 5.89%$740.32
124,950 at 5.9%$741.12
124,950 at 5.91%$741.92
124,950 at 5.92%$742.72
124,950 at 5.93%$743.52
124,950 at 5.94%$744.33
124,950 at 5.95%$745.13
124,950 at 5.96%$745.93
124,950 at 5.97%$746.73
124,950 at 5.98%$747.53
124,950 at 5.99%$748.34
124,950 at 6%$749.14
124,950 at 6.01%$749.94
124,950 at 6.02%$750.75
124,950 at 6.03%$751.55
124,950 at 6.04%$752.35
124,950 at 6.05%$753.16
124,950 at 6.06%$753.97
124,950 at 6.07%$754.77
124,950 at 6.08%$755.58
124,950 at 6.09%$756.38
124,950 at 6.1%$757.19
124,950 at 6.11%$758.00
124,950 at 6.12%$758.81
124,950 at 6.13%$759.61
124,950 at 6.14%$760.42
124,950 at 6.15%$761.23
124,950 at 6.16%$762.04
124,950 at 6.17%$762.85
124,950 at 6.18%$763.66
124,950 at 6.19%$764.47
124,950 at 6.2%$765.28
124,950 at 6.21%$766.09
124,950 at 6.22%$766.90
124,950 at 6.23%$767.71
124,950 at 6.24%$768.53
124,950 at 6.25%$769.34
124,950 at 6.26%$770.15
124,950 at 6.27%$770.96
124,950 at 6.28%$771.78
124,950 at 6.29%$772.59
124,950 at 6.3%$773.41
124,950 at 6.31%$774.22
124,950 at 6.32%$775.04
124,950 at 6.33%$775.85
124,950 at 6.34%$776.67
124,950 at 6.35%$777.48
124,950 at 6.36%$778.30
124,950 at 6.37%$779.12
124,950 at 6.38%$779.93
124,950 at 6.39%$780.75
124,950 at 6.4%$781.57
124,950 at 6.41%$782.39
124,950 at 6.42%$783.21
124,950 at 6.43%$784.03
124,950 at 6.44%$784.85
124,950 at 6.45%$785.66
124,950 at 6.46%$786.48
124,950 at 6.47%$787.31
124,950 at 6.48%$788.13
124,950 at 6.49%$788.95
124,950 at 6.5%$789.77
Interest Rate 30 Year
124,950 at 6.51%$790.59
124,950 at 6.52%$791.41
124,950 at 6.53%$792.24
124,950 at 6.54%$793.06
124,950 at 6.55%$793.88
124,950 at 6.56%$794.71
124,950 at 6.57%$795.53
124,950 at 6.58%$796.35
124,950 at 6.59%$797.18
124,950 at 6.6%$798.00
124,950 at 6.61%$798.83
124,950 at 6.62%$799.66
124,950 at 6.63%$800.48
124,950 at 6.64%$801.31
124,950 at 6.65%$802.14
124,950 at 6.66%$802.96
124,950 at 6.67%$803.79
124,950 at 6.68%$804.62
124,950 at 6.69%$805.45
124,950 at 6.7%$806.27
124,950 at 6.71%$807.10
124,950 at 6.72%$807.93
124,950 at 6.73%$808.76
124,950 at 6.74%$809.59
124,950 at 6.75%$810.42
124,950 at 6.76%$811.25
124,950 at 6.77%$812.09
124,950 at 6.78%$812.92
124,950 at 6.79%$813.75
124,950 at 6.8%$814.58
124,950 at 6.81%$815.41
124,950 at 6.82%$816.25
124,950 at 6.83%$817.08
124,950 at 6.84%$817.91
124,950 at 6.85%$818.75
124,950 at 6.86%$819.58
124,950 at 6.87%$820.42
124,950 at 6.88%$821.25
124,950 at 6.89%$822.09
124,950 at 6.9%$822.92
124,950 at 6.91%$823.76
124,950 at 6.92%$824.59
124,950 at 6.93%$825.43
124,950 at 6.94%$826.27
124,950 at 6.95%$827.10
124,950 at 6.96%$827.94
124,950 at 6.97%$828.78
124,950 at 6.98%$829.62
124,950 at 6.99%$830.46
124,950 at 7%$831.30
124,950 at 7.01%$832.13
124,950 at 7.02%$832.97
124,950 at 7.03%$833.81
124,950 at 7.04%$834.65
124,950 at 7.05%$835.50
124,950 at 7.06%$836.34
124,950 at 7.07%$837.18
124,950 at 7.08%$838.02
124,950 at 7.09%$838.86
124,950 at 7.1%$839.70
124,950 at 7.11%$840.55
124,950 at 7.12%$841.39
124,950 at 7.13%$842.23
124,950 at 7.14%$843.08
124,950 at 7.15%$843.92
124,950 at 7.16%$844.77
124,950 at 7.17%$845.61
124,950 at 7.18%$846.45
124,950 at 7.19%$847.30
124,950 at 7.2%$848.15
124,950 at 7.21%$848.99
124,950 at 7.22%$849.84
124,950 at 7.23%$850.68
124,950 at 7.24%$851.53
124,950 at 7.25%$852.38
124,950 at 7.26%$853.23
124,950 at 7.27%$854.07
124,950 at 7.28%$854.92
124,950 at 7.29%$855.77
124,950 at 7.3%$856.62
124,950 at 7.31%$857.47
124,950 at 7.32%$858.32
124,950 at 7.33%$859.17
124,950 at 7.34%$860.02
124,950 at 7.35%$860.87
124,950 at 7.36%$861.72
124,950 at 7.37%$862.57
124,950 at 7.38%$863.42
124,950 at 7.39%$864.28
124,950 at 7.4%$865.13
124,950 at 7.41%$865.98
124,950 at 7.42%$866.83
124,950 at 7.43%$867.69
124,950 at 7.44%$868.54
124,950 at 7.45%$869.39
124,950 at 7.46%$870.25
124,950 at 7.47%$871.10
124,950 at 7.48%$871.96
124,950 at 7.49%$872.81
124,950 at 7.5%$873.67
124,950 at 7.51%$874.52
124,950 at 7.52%$875.38
124,950 at 7.53%$876.24
124,950 at 7.54%$877.09
124,950 at 7.55%$877.95
124,950 at 7.56%$878.81
124,950 at 7.57%$879.67
124,950 at 7.58%$880.52
124,950 at 7.59%$881.38
124,950 at 7.6%$882.24
124,950 at 7.61%$883.10
124,950 at 7.62%$883.96
124,950 at 7.63%$884.82
124,950 at 7.64%$885.68
124,950 at 7.65%$886.54
124,950 at 7.66%$887.40
124,950 at 7.67%$888.26
124,950 at 7.68%$889.12
124,950 at 7.69%$889.98
124,950 at 7.7%$890.84
124,950 at 7.71%$891.71
124,950 at 7.72%$892.57
124,950 at 7.73%$893.43
124,950 at 7.74%$894.29
124,950 at 7.75%$895.16
124,950 at 7.76%$896.02
124,950 at 7.77%$896.88
124,950 at 7.78%$897.75
124,950 at 7.79%$898.61
124,950 at 7.8%$899.48
124,950 at 7.81%$900.34
124,950 at 7.82%$901.21
124,950 at 7.83%$902.07
124,950 at 7.84%$902.94
124,950 at 7.85%$903.81
124,950 at 7.86%$904.67
124,950 at 7.87%$905.54
124,950 at 7.88%$906.41
124,950 at 7.89%$907.28
124,950 at 7.9%$908.14
124,950 at 7.91%$909.01
124,950 at 7.92%$909.88
124,950 at 7.93%$910.75
124,950 at 7.94%$911.62
124,950 at 7.95%$912.49
124,950 at 7.96%$913.36
124,950 at 7.97%$914.23
124,950 at 7.98%$915.10
124,950 at 7.99%$915.97
124,950 at 8%$916.84
More Amounts
What is the down payment for a $124,950 house? How much do you need to put down?
Percent Down Down Payment
1%1,250
2%2,499
3%3,749
4%4,998
5%6,248
6%7,497
7%8,747
8%9,996
9%11,246
10%12,495
11%13,745
12%14,994
13%16,244
14%17,493
15%18,743
16%19,992
17%21,242
18%22,491
19%23,741
20%24,990
Percent Down Down Payment
21%26,240
22%27,489
23%28,739
24%29,988
25%31,238
26%32,487
27%33,737
28%34,986
29%36,236
30%37,485
31%38,735
32%39,984
33%41,234
34%42,483
35%43,733
36%44,982
37%46,232
38%47,481
39%48,731
40%49,980
Percent Down Down Payment
41%51,230
42%52,479
43%53,729
44%54,978
45%56,228
46%57,477
47%58,727
48%59,976
49%61,226
50%62,475
51%63,725
52%64,974
53%66,224
54%67,473
55%68,723
56%69,972
57%71,222
58%72,471
59%73,721
60%74,970
Percent Down Down Payment
61%76,220
62%77,469
63%78,719
64%79,968
65%81,218
66%82,467
67%83,717
68%84,966
69%86,216
70%87,465
71%88,715
72%89,964
73%91,214
74%92,463
75%93,713
76%94,962
77%96,212
78%97,461
79%98,711
80%99,960
Percent Down Down Payment
81%101,210
82%102,459
83%103,709
84%104,958
85%106,208
86%107,457
87%108,707
88%109,956
89%111,206
90%112,455
91%113,705
92%114,954
93%116,204
94%117,453
95%118,703
96%119,952
97%121,202
98%122,451
99%123,701
100%124,950
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.