$125,500 Mortgage for 30 Years

What is the monthly payment of a 125,500 dollar loan?
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Loan Tables for a $125,500 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 126k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $125,500 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
125,500 at 2.01%$464.50
125,500 at 2.02%$465.13
125,500 at 2.03%$465.76
125,500 at 2.04%$466.39
125,500 at 2.05%$467.02
125,500 at 2.06%$467.65
125,500 at 2.07%$468.28
125,500 at 2.08%$468.91
125,500 at 2.09%$469.54
125,500 at 2.1%$470.17
125,500 at 2.11%$470.81
125,500 at 2.12%$471.44
125,500 at 2.13%$472.07
125,500 at 2.14%$472.71
125,500 at 2.15%$473.34
125,500 at 2.16%$473.98
125,500 at 2.17%$474.61
125,500 at 2.18%$475.25
125,500 at 2.19%$475.89
125,500 at 2.2%$476.52
125,500 at 2.21%$477.16
125,500 at 2.22%$477.80
125,500 at 2.23%$478.44
125,500 at 2.24%$479.08
125,500 at 2.25%$479.72
125,500 at 2.26%$480.36
125,500 at 2.27%$481.00
125,500 at 2.28%$481.64
125,500 at 2.29%$482.28
125,500 at 2.3%$482.93
125,500 at 2.31%$483.57
125,500 at 2.32%$484.21
125,500 at 2.33%$484.86
125,500 at 2.34%$485.50
125,500 at 2.35%$486.14
125,500 at 2.36%$486.79
125,500 at 2.37%$487.44
125,500 at 2.38%$488.08
125,500 at 2.39%$488.73
125,500 at 2.4%$489.38
125,500 at 2.41%$490.02
125,500 at 2.42%$490.67
125,500 at 2.43%$491.32
125,500 at 2.44%$491.97
125,500 at 2.45%$492.62
125,500 at 2.46%$493.27
125,500 at 2.47%$493.92
125,500 at 2.48%$494.57
125,500 at 2.49%$495.22
125,500 at 2.5%$495.88
125,500 at 2.51%$496.53
125,500 at 2.52%$497.18
125,500 at 2.53%$497.84
125,500 at 2.54%$498.49
125,500 at 2.55%$499.15
125,500 at 2.56%$499.80
125,500 at 2.57%$500.46
125,500 at 2.58%$501.11
125,500 at 2.59%$501.77
125,500 at 2.6%$502.43
125,500 at 2.61%$503.08
125,500 at 2.62%$503.74
125,500 at 2.63%$504.40
125,500 at 2.64%$505.06
125,500 at 2.65%$505.72
125,500 at 2.66%$506.38
125,500 at 2.67%$507.04
125,500 at 2.68%$507.70
125,500 at 2.69%$508.36
125,500 at 2.7%$509.03
125,500 at 2.71%$509.69
125,500 at 2.72%$510.35
125,500 at 2.73%$511.01
125,500 at 2.74%$511.68
125,500 at 2.75%$512.34
125,500 at 2.76%$513.01
125,500 at 2.77%$513.67
125,500 at 2.78%$514.34
125,500 at 2.79%$515.01
125,500 at 2.8%$515.67
125,500 at 2.81%$516.34
125,500 at 2.82%$517.01
125,500 at 2.83%$517.68
125,500 at 2.84%$518.35
125,500 at 2.85%$519.01
125,500 at 2.86%$519.68
125,500 at 2.87%$520.35
125,500 at 2.88%$521.03
125,500 at 2.89%$521.70
125,500 at 2.9%$522.37
125,500 at 2.91%$523.04
125,500 at 2.92%$523.71
125,500 at 2.93%$524.39
125,500 at 2.94%$525.06
125,500 at 2.95%$525.73
125,500 at 2.96%$526.41
125,500 at 2.97%$527.08
125,500 at 2.98%$527.76
125,500 at 2.99%$528.44
125,500 at 3%$529.11
125,500 at 3.01%$529.79
125,500 at 3.02%$530.47
125,500 at 3.03%$531.15
125,500 at 3.04%$531.82
125,500 at 3.05%$532.50
125,500 at 3.06%$533.18
125,500 at 3.07%$533.86
125,500 at 3.08%$534.54
125,500 at 3.09%$535.22
125,500 at 3.1%$535.91
125,500 at 3.11%$536.59
125,500 at 3.12%$537.27
125,500 at 3.13%$537.95
125,500 at 3.14%$538.64
125,500 at 3.15%$539.32
125,500 at 3.16%$540.00
125,500 at 3.17%$540.69
125,500 at 3.18%$541.37
125,500 at 3.19%$542.06
125,500 at 3.2%$542.75
125,500 at 3.21%$543.43
125,500 at 3.22%$544.12
125,500 at 3.23%$544.81
125,500 at 3.24%$545.50
125,500 at 3.25%$546.18
125,500 at 3.26%$546.87
125,500 at 3.27%$547.56
125,500 at 3.28%$548.25
125,500 at 3.29%$548.94
125,500 at 3.3%$549.63
125,500 at 3.31%$550.33
125,500 at 3.32%$551.02
125,500 at 3.33%$551.71
125,500 at 3.34%$552.40
125,500 at 3.35%$553.10
125,500 at 3.36%$553.79
125,500 at 3.37%$554.48
125,500 at 3.38%$555.18
125,500 at 3.39%$555.87
125,500 at 3.4%$556.57
125,500 at 3.41%$557.27
125,500 at 3.42%$557.96
125,500 at 3.43%$558.66
125,500 at 3.44%$559.36
125,500 at 3.45%$560.05
125,500 at 3.46%$560.75
125,500 at 3.47%$561.45
125,500 at 3.48%$562.15
125,500 at 3.49%$562.85
125,500 at 3.5%$563.55
Interest Rate 30 Year
125,500 at 3.51%$564.25
125,500 at 3.52%$564.95
125,500 at 3.53%$565.65
125,500 at 3.54%$566.36
125,500 at 3.55%$567.06
125,500 at 3.56%$567.76
125,500 at 3.57%$568.47
125,500 at 3.58%$569.17
125,500 at 3.59%$569.87
125,500 at 3.6%$570.58
125,500 at 3.61%$571.29
125,500 at 3.62%$571.99
125,500 at 3.63%$572.70
125,500 at 3.64%$573.40
125,500 at 3.65%$574.11
125,500 at 3.66%$574.82
125,500 at 3.67%$575.53
125,500 at 3.68%$576.24
125,500 at 3.69%$576.95
125,500 at 3.7%$577.66
125,500 at 3.71%$578.37
125,500 at 3.72%$579.08
125,500 at 3.73%$579.79
125,500 at 3.74%$580.50
125,500 at 3.75%$581.21
125,500 at 3.76%$581.92
125,500 at 3.77%$582.64
125,500 at 3.78%$583.35
125,500 at 3.79%$584.06
125,500 at 3.8%$584.78
125,500 at 3.81%$585.49
125,500 at 3.82%$586.21
125,500 at 3.83%$586.92
125,500 at 3.84%$587.64
125,500 at 3.85%$588.35
125,500 at 3.86%$589.07
125,500 at 3.87%$589.79
125,500 at 3.88%$590.51
125,500 at 3.89%$591.22
125,500 at 3.9%$591.94
125,500 at 3.91%$592.66
125,500 at 3.92%$593.38
125,500 at 3.93%$594.10
125,500 at 3.94%$594.82
125,500 at 3.95%$595.54
125,500 at 3.96%$596.27
125,500 at 3.97%$596.99
125,500 at 3.98%$597.71
125,500 at 3.99%$598.43
125,500 at 4%$599.16
125,500 at 4.01%$599.88
125,500 at 4.02%$600.60
125,500 at 4.03%$601.33
125,500 at 4.04%$602.05
125,500 at 4.05%$602.78
125,500 at 4.06%$603.51
125,500 at 4.07%$604.23
125,500 at 4.08%$604.96
125,500 at 4.09%$605.69
125,500 at 4.1%$606.41
125,500 at 4.11%$607.14
125,500 at 4.12%$607.87
125,500 at 4.13%$608.60
125,500 at 4.14%$609.33
125,500 at 4.15%$610.06
125,500 at 4.16%$610.79
125,500 at 4.17%$611.52
125,500 at 4.18%$612.25
125,500 at 4.19%$612.98
125,500 at 4.2%$613.72
125,500 at 4.21%$614.45
125,500 at 4.22%$615.18
125,500 at 4.23%$615.92
125,500 at 4.24%$616.65
125,500 at 4.25%$617.38
125,500 at 4.26%$618.12
125,500 at 4.27%$618.85
125,500 at 4.28%$619.59
125,500 at 4.29%$620.33
125,500 at 4.3%$621.06
125,500 at 4.31%$621.80
125,500 at 4.32%$622.54
125,500 at 4.33%$623.28
125,500 at 4.34%$624.01
125,500 at 4.35%$624.75
125,500 at 4.36%$625.49
125,500 at 4.37%$626.23
125,500 at 4.38%$626.97
125,500 at 4.39%$627.71
125,500 at 4.4%$628.45
125,500 at 4.41%$629.20
125,500 at 4.42%$629.94
125,500 at 4.43%$630.68
125,500 at 4.44%$631.42
125,500 at 4.45%$632.17
125,500 at 4.46%$632.91
125,500 at 4.47%$633.65
125,500 at 4.48%$634.40
125,500 at 4.49%$635.14
125,500 at 4.5%$635.89
125,500 at 4.51%$636.64
125,500 at 4.52%$637.38
125,500 at 4.53%$638.13
125,500 at 4.54%$638.88
125,500 at 4.55%$639.62
125,500 at 4.56%$640.37
125,500 at 4.57%$641.12
125,500 at 4.58%$641.87
125,500 at 4.59%$642.62
125,500 at 4.6%$643.37
125,500 at 4.61%$644.12
125,500 at 4.62%$644.87
125,500 at 4.63%$645.62
125,500 at 4.64%$646.37
125,500 at 4.65%$647.12
125,500 at 4.66%$647.88
125,500 at 4.67%$648.63
125,500 at 4.68%$649.38
125,500 at 4.69%$650.14
125,500 at 4.7%$650.89
125,500 at 4.71%$651.64
125,500 at 4.72%$652.40
125,500 at 4.73%$653.16
125,500 at 4.74%$653.91
125,500 at 4.75%$654.67
125,500 at 4.76%$655.42
125,500 at 4.77%$656.18
125,500 at 4.78%$656.94
125,500 at 4.79%$657.70
125,500 at 4.8%$658.46
125,500 at 4.81%$659.21
125,500 at 4.82%$659.97
125,500 at 4.83%$660.73
125,500 at 4.84%$661.49
125,500 at 4.85%$662.25
125,500 at 4.86%$663.01
125,500 at 4.87%$663.78
125,500 at 4.88%$664.54
125,500 at 4.89%$665.30
125,500 at 4.9%$666.06
125,500 at 4.91%$666.83
125,500 at 4.92%$667.59
125,500 at 4.93%$668.35
125,500 at 4.94%$669.12
125,500 at 4.95%$669.88
125,500 at 4.96%$670.65
125,500 at 4.97%$671.41
125,500 at 4.98%$672.18
125,500 at 4.99%$672.94
125,500 at 5%$673.71
Interest Rate 30 Year
125,500 at 5.01%$674.48
125,500 at 5.02%$675.25
125,500 at 5.03%$676.01
125,500 at 5.04%$676.78
125,500 at 5.05%$677.55
125,500 at 5.06%$678.32
125,500 at 5.07%$679.09
125,500 at 5.08%$679.86
125,500 at 5.09%$680.63
125,500 at 5.1%$681.40
125,500 at 5.11%$682.17
125,500 at 5.12%$682.95
125,500 at 5.13%$683.72
125,500 at 5.14%$684.49
125,500 at 5.15%$685.26
125,500 at 5.16%$686.04
125,500 at 5.17%$686.81
125,500 at 5.18%$687.58
125,500 at 5.19%$688.36
125,500 at 5.2%$689.13
125,500 at 5.21%$689.91
125,500 at 5.22%$690.69
125,500 at 5.23%$691.46
125,500 at 5.24%$692.24
125,500 at 5.25%$693.02
125,500 at 5.26%$693.79
125,500 at 5.27%$694.57
125,500 at 5.28%$695.35
125,500 at 5.29%$696.13
125,500 at 5.3%$696.91
125,500 at 5.31%$697.69
125,500 at 5.32%$698.47
125,500 at 5.33%$699.25
125,500 at 5.34%$700.03
125,500 at 5.35%$700.81
125,500 at 5.36%$701.59
125,500 at 5.37%$702.37
125,500 at 5.38%$703.16
125,500 at 5.39%$703.94
125,500 at 5.4%$704.72
125,500 at 5.41%$705.50
125,500 at 5.42%$706.29
125,500 at 5.43%$707.07
125,500 at 5.44%$707.86
125,500 at 5.45%$708.64
125,500 at 5.46%$709.43
125,500 at 5.47%$710.21
125,500 at 5.48%$711.00
125,500 at 5.49%$711.79
125,500 at 5.5%$712.58
125,500 at 5.51%$713.36
125,500 at 5.52%$714.15
125,500 at 5.53%$714.94
125,500 at 5.54%$715.73
125,500 at 5.55%$716.52
125,500 at 5.56%$717.31
125,500 at 5.57%$718.10
125,500 at 5.58%$718.89
125,500 at 5.59%$719.68
125,500 at 5.6%$720.47
125,500 at 5.61%$721.26
125,500 at 5.62%$722.05
125,500 at 5.63%$722.85
125,500 at 5.64%$723.64
125,500 at 5.65%$724.43
125,500 at 5.66%$725.22
125,500 at 5.67%$726.02
125,500 at 5.68%$726.81
125,500 at 5.69%$727.61
125,500 at 5.7%$728.40
125,500 at 5.71%$729.20
125,500 at 5.72%$729.99
125,500 at 5.73%$730.79
125,500 at 5.74%$731.59
125,500 at 5.75%$732.38
125,500 at 5.76%$733.18
125,500 at 5.77%$733.98
125,500 at 5.78%$734.78
125,500 at 5.79%$735.58
125,500 at 5.8%$736.38
125,500 at 5.81%$737.17
125,500 at 5.82%$737.97
125,500 at 5.83%$738.77
125,500 at 5.84%$739.57
125,500 at 5.85%$740.38
125,500 at 5.86%$741.18
125,500 at 5.87%$741.98
125,500 at 5.88%$742.78
125,500 at 5.89%$743.58
125,500 at 5.9%$744.39
125,500 at 5.91%$745.19
125,500 at 5.92%$745.99
125,500 at 5.93%$746.80
125,500 at 5.94%$747.60
125,500 at 5.95%$748.41
125,500 at 5.96%$749.21
125,500 at 5.97%$750.02
125,500 at 5.98%$750.82
125,500 at 5.99%$751.63
125,500 at 6%$752.44
125,500 at 6.01%$753.24
125,500 at 6.02%$754.05
125,500 at 6.03%$754.86
125,500 at 6.04%$755.67
125,500 at 6.05%$756.47
125,500 at 6.06%$757.28
125,500 at 6.07%$758.09
125,500 at 6.08%$758.90
125,500 at 6.09%$759.71
125,500 at 6.1%$760.52
125,500 at 6.11%$761.33
125,500 at 6.12%$762.15
125,500 at 6.13%$762.96
125,500 at 6.14%$763.77
125,500 at 6.15%$764.58
125,500 at 6.16%$765.39
125,500 at 6.17%$766.21
125,500 at 6.18%$767.02
125,500 at 6.19%$767.83
125,500 at 6.2%$768.65
125,500 at 6.21%$769.46
125,500 at 6.22%$770.28
125,500 at 6.23%$771.09
125,500 at 6.24%$771.91
125,500 at 6.25%$772.73
125,500 at 6.26%$773.54
125,500 at 6.27%$774.36
125,500 at 6.28%$775.18
125,500 at 6.29%$775.99
125,500 at 6.3%$776.81
125,500 at 6.31%$777.63
125,500 at 6.32%$778.45
125,500 at 6.33%$779.27
125,500 at 6.34%$780.09
125,500 at 6.35%$780.91
125,500 at 6.36%$781.73
125,500 at 6.37%$782.55
125,500 at 6.38%$783.37
125,500 at 6.39%$784.19
125,500 at 6.4%$785.01
125,500 at 6.41%$785.83
125,500 at 6.42%$786.65
125,500 at 6.43%$787.48
125,500 at 6.44%$788.30
125,500 at 6.45%$789.12
125,500 at 6.46%$789.95
125,500 at 6.47%$790.77
125,500 at 6.48%$791.60
125,500 at 6.49%$792.42
125,500 at 6.5%$793.25
Interest Rate 30 Year
125,500 at 6.51%$794.07
125,500 at 6.52%$794.90
125,500 at 6.53%$795.72
125,500 at 6.54%$796.55
125,500 at 6.55%$797.38
125,500 at 6.56%$798.20
125,500 at 6.57%$799.03
125,500 at 6.58%$799.86
125,500 at 6.59%$800.69
125,500 at 6.6%$801.52
125,500 at 6.61%$802.35
125,500 at 6.62%$803.18
125,500 at 6.63%$804.01
125,500 at 6.64%$804.84
125,500 at 6.65%$805.67
125,500 at 6.66%$806.50
125,500 at 6.67%$807.33
125,500 at 6.68%$808.16
125,500 at 6.69%$808.99
125,500 at 6.7%$809.82
125,500 at 6.71%$810.66
125,500 at 6.72%$811.49
125,500 at 6.73%$812.32
125,500 at 6.74%$813.16
125,500 at 6.75%$813.99
125,500 at 6.76%$814.83
125,500 at 6.77%$815.66
125,500 at 6.78%$816.49
125,500 at 6.79%$817.33
125,500 at 6.8%$818.17
125,500 at 6.81%$819.00
125,500 at 6.82%$819.84
125,500 at 6.83%$820.68
125,500 at 6.84%$821.51
125,500 at 6.85%$822.35
125,500 at 6.86%$823.19
125,500 at 6.87%$824.03
125,500 at 6.88%$824.86
125,500 at 6.89%$825.70
125,500 at 6.9%$826.54
125,500 at 6.91%$827.38
125,500 at 6.92%$828.22
125,500 at 6.93%$829.06
125,500 at 6.94%$829.90
125,500 at 6.95%$830.74
125,500 at 6.96%$831.59
125,500 at 6.97%$832.43
125,500 at 6.98%$833.27
125,500 at 6.99%$834.11
125,500 at 7%$834.95
125,500 at 7.01%$835.80
125,500 at 7.02%$836.64
125,500 at 7.03%$837.48
125,500 at 7.04%$838.33
125,500 at 7.05%$839.17
125,500 at 7.06%$840.02
125,500 at 7.07%$840.86
125,500 at 7.08%$841.71
125,500 at 7.09%$842.55
125,500 at 7.1%$843.40
125,500 at 7.11%$844.25
125,500 at 7.12%$845.09
125,500 at 7.13%$845.94
125,500 at 7.14%$846.79
125,500 at 7.15%$847.64
125,500 at 7.16%$848.48
125,500 at 7.17%$849.33
125,500 at 7.18%$850.18
125,500 at 7.19%$851.03
125,500 at 7.2%$851.88
125,500 at 7.21%$852.73
125,500 at 7.22%$853.58
125,500 at 7.23%$854.43
125,500 at 7.24%$855.28
125,500 at 7.25%$856.13
125,500 at 7.26%$856.98
125,500 at 7.27%$857.83
125,500 at 7.28%$858.69
125,500 at 7.29%$859.54
125,500 at 7.3%$860.39
125,500 at 7.31%$861.24
125,500 at 7.32%$862.10
125,500 at 7.33%$862.95
125,500 at 7.34%$863.81
125,500 at 7.35%$864.66
125,500 at 7.36%$865.51
125,500 at 7.37%$866.37
125,500 at 7.38%$867.23
125,500 at 7.39%$868.08
125,500 at 7.4%$868.94
125,500 at 7.41%$869.79
125,500 at 7.42%$870.65
125,500 at 7.43%$871.51
125,500 at 7.44%$872.36
125,500 at 7.45%$873.22
125,500 at 7.46%$874.08
125,500 at 7.47%$874.94
125,500 at 7.48%$875.80
125,500 at 7.49%$876.66
125,500 at 7.5%$877.51
125,500 at 7.51%$878.37
125,500 at 7.52%$879.23
125,500 at 7.53%$880.09
125,500 at 7.54%$880.95
125,500 at 7.55%$881.82
125,500 at 7.56%$882.68
125,500 at 7.57%$883.54
125,500 at 7.58%$884.40
125,500 at 7.59%$885.26
125,500 at 7.6%$886.12
125,500 at 7.61%$886.99
125,500 at 7.62%$887.85
125,500 at 7.63%$888.71
125,500 at 7.64%$889.58
125,500 at 7.65%$890.44
125,500 at 7.66%$891.30
125,500 at 7.67%$892.17
125,500 at 7.68%$893.03
125,500 at 7.69%$893.90
125,500 at 7.7%$894.77
125,500 at 7.71%$895.63
125,500 at 7.72%$896.50
125,500 at 7.73%$897.36
125,500 at 7.74%$898.23
125,500 at 7.75%$899.10
125,500 at 7.76%$899.96
125,500 at 7.77%$900.83
125,500 at 7.78%$901.70
125,500 at 7.79%$902.57
125,500 at 7.8%$903.44
125,500 at 7.81%$904.31
125,500 at 7.82%$905.18
125,500 at 7.83%$906.05
125,500 at 7.84%$906.92
125,500 at 7.85%$907.79
125,500 at 7.86%$908.66
125,500 at 7.87%$909.53
125,500 at 7.88%$910.40
125,500 at 7.89%$911.27
125,500 at 7.9%$912.14
125,500 at 7.91%$913.01
125,500 at 7.92%$913.89
125,500 at 7.93%$914.76
125,500 at 7.94%$915.63
125,500 at 7.95%$916.50
125,500 at 7.96%$917.38
125,500 at 7.97%$918.25
125,500 at 7.98%$919.13
125,500 at 7.99%$920.00
125,500 at 8%$920.87
More Amounts
What is the down payment for a $125,500 house? How much do you need to put down?
Percent Down Down Payment
1%1,255
2%2,510
3%3,765
4%5,020
5%6,275
6%7,530
7%8,785
8%10,040
9%11,295
10%12,550
11%13,805
12%15,060
13%16,315
14%17,570
15%18,825
16%20,080
17%21,335
18%22,590
19%23,845
20%25,100
Percent Down Down Payment
21%26,355
22%27,610
23%28,865
24%30,120
25%31,375
26%32,630
27%33,885
28%35,140
29%36,395
30%37,650
31%38,905
32%40,160
33%41,415
34%42,670
35%43,925
36%45,180
37%46,435
38%47,690
39%48,945
40%50,200
Percent Down Down Payment
41%51,455
42%52,710
43%53,965
44%55,220
45%56,475
46%57,730
47%58,985
48%60,240
49%61,495
50%62,750
51%64,005
52%65,260
53%66,515
54%67,770
55%69,025
56%70,280
57%71,535
58%72,790
59%74,045
60%75,300
Percent Down Down Payment
61%76,555
62%77,810
63%79,065
64%80,320
65%81,575
66%82,830
67%84,085
68%85,340
69%86,595
70%87,850
71%89,105
72%90,360
73%91,615
74%92,870
75%94,125
76%95,380
77%96,635
78%97,890
79%99,145
80%100,400
Percent Down Down Payment
81%101,655
82%102,910
83%104,165
84%105,420
85%106,675
86%107,930
87%109,185
88%110,440
89%111,695
90%112,950
91%114,205
92%115,460
93%116,715
94%117,970
95%119,225
96%120,480
97%121,735
98%122,990
99%124,245
100%125,500
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.