$128,600 Mortgage for 30 Years

What is the monthly payment of a 128,600 dollar loan?
$
$
%
%
years
Loan Tables for a $128,600 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 129k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $128,600 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
128,600 at 2.01%$475.97
128,600 at 2.02%$476.62
128,600 at 2.03%$477.26
128,600 at 2.04%$477.91
128,600 at 2.05%$478.55
128,600 at 2.06%$479.20
128,600 at 2.07%$479.84
128,600 at 2.08%$480.49
128,600 at 2.09%$481.14
128,600 at 2.1%$481.79
128,600 at 2.11%$482.44
128,600 at 2.12%$483.08
128,600 at 2.13%$483.73
128,600 at 2.14%$484.38
128,600 at 2.15%$485.03
128,600 at 2.16%$485.69
128,600 at 2.17%$486.34
128,600 at 2.18%$486.99
128,600 at 2.19%$487.64
128,600 at 2.2%$488.30
128,600 at 2.21%$488.95
128,600 at 2.22%$489.60
128,600 at 2.23%$490.26
128,600 at 2.24%$490.91
128,600 at 2.25%$491.57
128,600 at 2.26%$492.22
128,600 at 2.27%$492.88
128,600 at 2.28%$493.54
128,600 at 2.29%$494.20
128,600 at 2.3%$494.85
128,600 at 2.31%$495.51
128,600 at 2.32%$496.17
128,600 at 2.33%$496.83
128,600 at 2.34%$497.49
128,600 at 2.35%$498.15
128,600 at 2.36%$498.81
128,600 at 2.37%$499.48
128,600 at 2.38%$500.14
128,600 at 2.39%$500.80
128,600 at 2.4%$501.46
128,600 at 2.41%$502.13
128,600 at 2.42%$502.79
128,600 at 2.43%$503.46
128,600 at 2.44%$504.12
128,600 at 2.45%$504.79
128,600 at 2.46%$505.46
128,600 at 2.47%$506.12
128,600 at 2.48%$506.79
128,600 at 2.49%$507.46
128,600 at 2.5%$508.13
128,600 at 2.51%$508.79
128,600 at 2.52%$509.46
128,600 at 2.53%$510.13
128,600 at 2.54%$510.80
128,600 at 2.55%$511.47
128,600 at 2.56%$512.15
128,600 at 2.57%$512.82
128,600 at 2.58%$513.49
128,600 at 2.59%$514.16
128,600 at 2.6%$514.84
128,600 at 2.61%$515.51
128,600 at 2.62%$516.19
128,600 at 2.63%$516.86
128,600 at 2.64%$517.54
128,600 at 2.65%$518.21
128,600 at 2.66%$518.89
128,600 at 2.67%$519.56
128,600 at 2.68%$520.24
128,600 at 2.69%$520.92
128,600 at 2.7%$521.60
128,600 at 2.71%$522.28
128,600 at 2.72%$522.96
128,600 at 2.73%$523.64
128,600 at 2.74%$524.32
128,600 at 2.75%$525.00
128,600 at 2.76%$525.68
128,600 at 2.77%$526.36
128,600 at 2.78%$527.04
128,600 at 2.79%$527.73
128,600 at 2.8%$528.41
128,600 at 2.81%$529.09
128,600 at 2.82%$529.78
128,600 at 2.83%$530.46
128,600 at 2.84%$531.15
128,600 at 2.85%$531.83
128,600 at 2.86%$532.52
128,600 at 2.87%$533.21
128,600 at 2.88%$533.90
128,600 at 2.89%$534.58
128,600 at 2.9%$535.27
128,600 at 2.91%$535.96
128,600 at 2.92%$536.65
128,600 at 2.93%$537.34
128,600 at 2.94%$538.03
128,600 at 2.95%$538.72
128,600 at 2.96%$539.41
128,600 at 2.97%$540.10
128,600 at 2.98%$540.80
128,600 at 2.99%$541.49
128,600 at 3%$542.18
128,600 at 3.01%$542.88
128,600 at 3.02%$543.57
128,600 at 3.03%$544.27
128,600 at 3.04%$544.96
128,600 at 3.05%$545.66
128,600 at 3.06%$546.35
128,600 at 3.07%$547.05
128,600 at 3.08%$547.75
128,600 at 3.09%$548.44
128,600 at 3.1%$549.14
128,600 at 3.11%$549.84
128,600 at 3.12%$550.54
128,600 at 3.13%$551.24
128,600 at 3.14%$551.94
128,600 at 3.15%$552.64
128,600 at 3.16%$553.34
128,600 at 3.17%$554.04
128,600 at 3.18%$554.75
128,600 at 3.19%$555.45
128,600 at 3.2%$556.15
128,600 at 3.21%$556.86
128,600 at 3.22%$557.56
128,600 at 3.23%$558.26
128,600 at 3.24%$558.97
128,600 at 3.25%$559.68
128,600 at 3.26%$560.38
128,600 at 3.27%$561.09
128,600 at 3.28%$561.79
128,600 at 3.29%$562.50
128,600 at 3.3%$563.21
128,600 at 3.31%$563.92
128,600 at 3.32%$564.63
128,600 at 3.33%$565.34
128,600 at 3.34%$566.05
128,600 at 3.35%$566.76
128,600 at 3.36%$567.47
128,600 at 3.37%$568.18
128,600 at 3.38%$568.89
128,600 at 3.39%$569.60
128,600 at 3.4%$570.32
128,600 at 3.41%$571.03
128,600 at 3.42%$571.74
128,600 at 3.43%$572.46
128,600 at 3.44%$573.17
128,600 at 3.45%$573.89
128,600 at 3.46%$574.60
128,600 at 3.47%$575.32
128,600 at 3.48%$576.04
128,600 at 3.49%$576.75
128,600 at 3.5%$577.47
Interest Rate 30 Year
128,600 at 3.51%$578.19
128,600 at 3.52%$578.91
128,600 at 3.53%$579.63
128,600 at 3.54%$580.35
128,600 at 3.55%$581.07
128,600 at 3.56%$581.79
128,600 at 3.57%$582.51
128,600 at 3.58%$583.23
128,600 at 3.59%$583.95
128,600 at 3.6%$584.67
128,600 at 3.61%$585.40
128,600 at 3.62%$586.12
128,600 at 3.63%$586.84
128,600 at 3.64%$587.57
128,600 at 3.65%$588.29
128,600 at 3.66%$589.02
128,600 at 3.67%$589.74
128,600 at 3.68%$590.47
128,600 at 3.69%$591.20
128,600 at 3.7%$591.92
128,600 at 3.71%$592.65
128,600 at 3.72%$593.38
128,600 at 3.73%$594.11
128,600 at 3.74%$594.84
128,600 at 3.75%$595.57
128,600 at 3.76%$596.30
128,600 at 3.77%$597.03
128,600 at 3.78%$597.76
128,600 at 3.79%$598.49
128,600 at 3.8%$599.22
128,600 at 3.81%$599.95
128,600 at 3.82%$600.69
128,600 at 3.83%$601.42
128,600 at 3.84%$602.15
128,600 at 3.85%$602.89
128,600 at 3.86%$603.62
128,600 at 3.87%$604.36
128,600 at 3.88%$605.09
128,600 at 3.89%$605.83
128,600 at 3.9%$606.57
128,600 at 3.91%$607.30
128,600 at 3.92%$608.04
128,600 at 3.93%$608.78
128,600 at 3.94%$609.52
128,600 at 3.95%$610.25
128,600 at 3.96%$610.99
128,600 at 3.97%$611.73
128,600 at 3.98%$612.47
128,600 at 3.99%$613.21
128,600 at 4%$613.96
128,600 at 4.01%$614.70
128,600 at 4.02%$615.44
128,600 at 4.03%$616.18
128,600 at 4.04%$616.93
128,600 at 4.05%$617.67
128,600 at 4.06%$618.41
128,600 at 4.07%$619.16
128,600 at 4.08%$619.90
128,600 at 4.09%$620.65
128,600 at 4.1%$621.39
128,600 at 4.11%$622.14
128,600 at 4.12%$622.89
128,600 at 4.13%$623.63
128,600 at 4.14%$624.38
128,600 at 4.15%$625.13
128,600 at 4.16%$625.88
128,600 at 4.17%$626.63
128,600 at 4.18%$627.38
128,600 at 4.19%$628.13
128,600 at 4.2%$628.88
128,600 at 4.21%$629.63
128,600 at 4.22%$630.38
128,600 at 4.23%$631.13
128,600 at 4.24%$631.88
128,600 at 4.25%$632.63
128,600 at 4.26%$633.39
128,600 at 4.27%$634.14
128,600 at 4.28%$634.90
128,600 at 4.29%$635.65
128,600 at 4.3%$636.40
128,600 at 4.31%$637.16
128,600 at 4.32%$637.92
128,600 at 4.33%$638.67
128,600 at 4.34%$639.43
128,600 at 4.35%$640.19
128,600 at 4.36%$640.94
128,600 at 4.37%$641.70
128,600 at 4.38%$642.46
128,600 at 4.39%$643.22
128,600 at 4.4%$643.98
128,600 at 4.41%$644.74
128,600 at 4.42%$645.50
128,600 at 4.43%$646.26
128,600 at 4.44%$647.02
128,600 at 4.45%$647.78
128,600 at 4.46%$648.54
128,600 at 4.47%$649.31
128,600 at 4.48%$650.07
128,600 at 4.49%$650.83
128,600 at 4.5%$651.60
128,600 at 4.51%$652.36
128,600 at 4.52%$653.13
128,600 at 4.53%$653.89
128,600 at 4.54%$654.66
128,600 at 4.55%$655.42
128,600 at 4.56%$656.19
128,600 at 4.57%$656.96
128,600 at 4.58%$657.72
128,600 at 4.59%$658.49
128,600 at 4.6%$659.26
128,600 at 4.61%$660.03
128,600 at 4.62%$660.80
128,600 at 4.63%$661.57
128,600 at 4.64%$662.34
128,600 at 4.65%$663.11
128,600 at 4.66%$663.88
128,600 at 4.67%$664.65
128,600 at 4.68%$665.42
128,600 at 4.69%$666.20
128,600 at 4.7%$666.97
128,600 at 4.71%$667.74
128,600 at 4.72%$668.52
128,600 at 4.73%$669.29
128,600 at 4.74%$670.06
128,600 at 4.75%$670.84
128,600 at 4.76%$671.61
128,600 at 4.77%$672.39
128,600 at 4.78%$673.17
128,600 at 4.79%$673.94
128,600 at 4.8%$674.72
128,600 at 4.81%$675.50
128,600 at 4.82%$676.28
128,600 at 4.83%$677.05
128,600 at 4.84%$677.83
128,600 at 4.85%$678.61
128,600 at 4.86%$679.39
128,600 at 4.87%$680.17
128,600 at 4.88%$680.95
128,600 at 4.89%$681.73
128,600 at 4.9%$682.51
128,600 at 4.91%$683.30
128,600 at 4.92%$684.08
128,600 at 4.93%$684.86
128,600 at 4.94%$685.64
128,600 at 4.95%$686.43
128,600 at 4.96%$687.21
128,600 at 4.97%$688.00
128,600 at 4.98%$688.78
128,600 at 4.99%$689.57
128,600 at 5%$690.35
Interest Rate 30 Year
128,600 at 5.01%$691.14
128,600 at 5.02%$691.93
128,600 at 5.03%$692.71
128,600 at 5.04%$693.50
128,600 at 5.05%$694.29
128,600 at 5.06%$695.08
128,600 at 5.07%$695.86
128,600 at 5.08%$696.65
128,600 at 5.09%$697.44
128,600 at 5.1%$698.23
128,600 at 5.11%$699.02
128,600 at 5.12%$699.81
128,600 at 5.13%$700.61
128,600 at 5.14%$701.40
128,600 at 5.15%$702.19
128,600 at 5.16%$702.98
128,600 at 5.17%$703.78
128,600 at 5.18%$704.57
128,600 at 5.19%$705.36
128,600 at 5.2%$706.16
128,600 at 5.21%$706.95
128,600 at 5.22%$707.75
128,600 at 5.23%$708.54
128,600 at 5.24%$709.34
128,600 at 5.25%$710.13
128,600 at 5.26%$710.93
128,600 at 5.27%$711.73
128,600 at 5.28%$712.53
128,600 at 5.29%$713.32
128,600 at 5.3%$714.12
128,600 at 5.31%$714.92
128,600 at 5.32%$715.72
128,600 at 5.33%$716.52
128,600 at 5.34%$717.32
128,600 at 5.35%$718.12
128,600 at 5.36%$718.92
128,600 at 5.37%$719.72
128,600 at 5.38%$720.52
128,600 at 5.39%$721.33
128,600 at 5.4%$722.13
128,600 at 5.41%$722.93
128,600 at 5.42%$723.73
128,600 at 5.43%$724.54
128,600 at 5.44%$725.34
128,600 at 5.45%$726.15
128,600 at 5.46%$726.95
128,600 at 5.47%$727.76
128,600 at 5.48%$728.56
128,600 at 5.49%$729.37
128,600 at 5.5%$730.18
128,600 at 5.51%$730.98
128,600 at 5.52%$731.79
128,600 at 5.53%$732.60
128,600 at 5.54%$733.41
128,600 at 5.55%$734.22
128,600 at 5.56%$735.03
128,600 at 5.57%$735.83
128,600 at 5.58%$736.64
128,600 at 5.59%$737.45
128,600 at 5.6%$738.27
128,600 at 5.61%$739.08
128,600 at 5.62%$739.89
128,600 at 5.63%$740.70
128,600 at 5.64%$741.51
128,600 at 5.65%$742.33
128,600 at 5.66%$743.14
128,600 at 5.67%$743.95
128,600 at 5.68%$744.77
128,600 at 5.69%$745.58
128,600 at 5.7%$746.39
128,600 at 5.71%$747.21
128,600 at 5.72%$748.03
128,600 at 5.73%$748.84
128,600 at 5.74%$749.66
128,600 at 5.75%$750.47
128,600 at 5.76%$751.29
128,600 at 5.77%$752.11
128,600 at 5.78%$752.93
128,600 at 5.79%$753.75
128,600 at 5.8%$754.56
128,600 at 5.81%$755.38
128,600 at 5.82%$756.20
128,600 at 5.83%$757.02
128,600 at 5.84%$757.84
128,600 at 5.85%$758.66
128,600 at 5.86%$759.49
128,600 at 5.87%$760.31
128,600 at 5.88%$761.13
128,600 at 5.89%$761.95
128,600 at 5.9%$762.77
128,600 at 5.91%$763.60
128,600 at 5.92%$764.42
128,600 at 5.93%$765.24
128,600 at 5.94%$766.07
128,600 at 5.95%$766.89
128,600 at 5.96%$767.72
128,600 at 5.97%$768.54
128,600 at 5.98%$769.37
128,600 at 5.99%$770.20
128,600 at 6%$771.02
128,600 at 6.01%$771.85
128,600 at 6.02%$772.68
128,600 at 6.03%$773.50
128,600 at 6.04%$774.33
128,600 at 6.05%$775.16
128,600 at 6.06%$775.99
128,600 at 6.07%$776.82
128,600 at 6.08%$777.65
128,600 at 6.09%$778.48
128,600 at 6.1%$779.31
128,600 at 6.11%$780.14
128,600 at 6.12%$780.97
128,600 at 6.13%$781.80
128,600 at 6.14%$782.64
128,600 at 6.15%$783.47
128,600 at 6.16%$784.30
128,600 at 6.17%$785.13
128,600 at 6.18%$785.97
128,600 at 6.19%$786.80
128,600 at 6.2%$787.64
128,600 at 6.21%$788.47
128,600 at 6.22%$789.30
128,600 at 6.23%$790.14
128,600 at 6.24%$790.98
128,600 at 6.25%$791.81
128,600 at 6.26%$792.65
128,600 at 6.27%$793.49
128,600 at 6.28%$794.32
128,600 at 6.29%$795.16
128,600 at 6.3%$796.00
128,600 at 6.31%$796.84
128,600 at 6.32%$797.68
128,600 at 6.33%$798.52
128,600 at 6.34%$799.36
128,600 at 6.35%$800.20
128,600 at 6.36%$801.04
128,600 at 6.37%$801.88
128,600 at 6.38%$802.72
128,600 at 6.39%$803.56
128,600 at 6.4%$804.40
128,600 at 6.41%$805.24
128,600 at 6.42%$806.09
128,600 at 6.43%$806.93
128,600 at 6.44%$807.77
128,600 at 6.45%$808.62
128,600 at 6.46%$809.46
128,600 at 6.47%$810.30
128,600 at 6.48%$811.15
128,600 at 6.49%$811.99
128,600 at 6.5%$812.84
Interest Rate 30 Year
128,600 at 6.51%$813.69
128,600 at 6.52%$814.53
128,600 at 6.53%$815.38
128,600 at 6.54%$816.23
128,600 at 6.55%$817.07
128,600 at 6.56%$817.92
128,600 at 6.57%$818.77
128,600 at 6.58%$819.62
128,600 at 6.59%$820.47
128,600 at 6.6%$821.32
128,600 at 6.61%$822.16
128,600 at 6.62%$823.01
128,600 at 6.63%$823.87
128,600 at 6.64%$824.72
128,600 at 6.65%$825.57
128,600 at 6.66%$826.42
128,600 at 6.67%$827.27
128,600 at 6.68%$828.12
128,600 at 6.69%$828.97
128,600 at 6.7%$829.83
128,600 at 6.71%$830.68
128,600 at 6.72%$831.53
128,600 at 6.73%$832.39
128,600 at 6.74%$833.24
128,600 at 6.75%$834.10
128,600 at 6.76%$834.95
128,600 at 6.77%$835.81
128,600 at 6.78%$836.66
128,600 at 6.79%$837.52
128,600 at 6.8%$838.38
128,600 at 6.81%$839.23
128,600 at 6.82%$840.09
128,600 at 6.83%$840.95
128,600 at 6.84%$841.81
128,600 at 6.85%$842.66
128,600 at 6.86%$843.52
128,600 at 6.87%$844.38
128,600 at 6.88%$845.24
128,600 at 6.89%$846.10
128,600 at 6.9%$846.96
128,600 at 6.91%$847.82
128,600 at 6.92%$848.68
128,600 at 6.93%$849.54
128,600 at 6.94%$850.40
128,600 at 6.95%$851.27
128,600 at 6.96%$852.13
128,600 at 6.97%$852.99
128,600 at 6.98%$853.85
128,600 at 6.99%$854.72
128,600 at 7%$855.58
128,600 at 7.01%$856.44
128,600 at 7.02%$857.31
128,600 at 7.03%$858.17
128,600 at 7.04%$859.04
128,600 at 7.05%$859.90
128,600 at 7.06%$860.77
128,600 at 7.07%$861.63
128,600 at 7.08%$862.50
128,600 at 7.09%$863.37
128,600 at 7.1%$864.23
128,600 at 7.11%$865.10
128,600 at 7.12%$865.97
128,600 at 7.13%$866.84
128,600 at 7.14%$867.70
128,600 at 7.15%$868.57
128,600 at 7.16%$869.44
128,600 at 7.17%$870.31
128,600 at 7.18%$871.18
128,600 at 7.19%$872.05
128,600 at 7.2%$872.92
128,600 at 7.21%$873.79
128,600 at 7.22%$874.66
128,600 at 7.23%$875.53
128,600 at 7.24%$876.41
128,600 at 7.25%$877.28
128,600 at 7.26%$878.15
128,600 at 7.27%$879.02
128,600 at 7.28%$879.90
128,600 at 7.29%$880.77
128,600 at 7.3%$881.64
128,600 at 7.31%$882.52
128,600 at 7.32%$883.39
128,600 at 7.33%$884.27
128,600 at 7.34%$885.14
128,600 at 7.35%$886.02
128,600 at 7.36%$886.89
128,600 at 7.37%$887.77
128,600 at 7.38%$888.65
128,600 at 7.39%$889.52
128,600 at 7.4%$890.40
128,600 at 7.41%$891.28
128,600 at 7.42%$892.16
128,600 at 7.43%$893.03
128,600 at 7.44%$893.91
128,600 at 7.45%$894.79
128,600 at 7.46%$895.67
128,600 at 7.47%$896.55
128,600 at 7.48%$897.43
128,600 at 7.49%$898.31
128,600 at 7.5%$899.19
128,600 at 7.51%$900.07
128,600 at 7.52%$900.95
128,600 at 7.53%$901.83
128,600 at 7.54%$902.71
128,600 at 7.55%$903.60
128,600 at 7.56%$904.48
128,600 at 7.57%$905.36
128,600 at 7.58%$906.25
128,600 at 7.59%$907.13
128,600 at 7.6%$908.01
128,600 at 7.61%$908.90
128,600 at 7.62%$909.78
128,600 at 7.63%$910.67
128,600 at 7.64%$911.55
128,600 at 7.65%$912.44
128,600 at 7.66%$913.32
128,600 at 7.67%$914.21
128,600 at 7.68%$915.09
128,600 at 7.69%$915.98
128,600 at 7.7%$916.87
128,600 at 7.71%$917.75
128,600 at 7.72%$918.64
128,600 at 7.73%$919.53
128,600 at 7.74%$920.42
128,600 at 7.75%$921.31
128,600 at 7.76%$922.19
128,600 at 7.77%$923.08
128,600 at 7.78%$923.97
128,600 at 7.79%$924.86
128,600 at 7.8%$925.75
128,600 at 7.81%$926.64
128,600 at 7.82%$927.53
128,600 at 7.83%$928.43
128,600 at 7.84%$929.32
128,600 at 7.85%$930.21
128,600 at 7.86%$931.10
128,600 at 7.87%$931.99
128,600 at 7.88%$932.89
128,600 at 7.89%$933.78
128,600 at 7.9%$934.67
128,600 at 7.91%$935.57
128,600 at 7.92%$936.46
128,600 at 7.93%$937.35
128,600 at 7.94%$938.25
128,600 at 7.95%$939.14
128,600 at 7.96%$940.04
128,600 at 7.97%$940.93
128,600 at 7.98%$941.83
128,600 at 7.99%$942.72
128,600 at 8%$943.62
More Amounts
What is the down payment for a $128,600 house? How much do you need to put down?
Percent Down Down Payment
1%1,286
2%2,572
3%3,858
4%5,144
5%6,430
6%7,716
7%9,002
8%10,288
9%11,574
10%12,860
11%14,146
12%15,432
13%16,718
14%18,004
15%19,290
16%20,576
17%21,862
18%23,148
19%24,434
20%25,720
Percent Down Down Payment
21%27,006
22%28,292
23%29,578
24%30,864
25%32,150
26%33,436
27%34,722
28%36,008
29%37,294
30%38,580
31%39,866
32%41,152
33%42,438
34%43,724
35%45,010
36%46,296
37%47,582
38%48,868
39%50,154
40%51,440
Percent Down Down Payment
41%52,726
42%54,012
43%55,298
44%56,584
45%57,870
46%59,156
47%60,442
48%61,728
49%63,014
50%64,300
51%65,586
52%66,872
53%68,158
54%69,444
55%70,730
56%72,016
57%73,302
58%74,588
59%75,874
60%77,160
Percent Down Down Payment
61%78,446
62%79,732
63%81,018
64%82,304
65%83,590
66%84,876
67%86,162
68%87,448
69%88,734
70%90,020
71%91,306
72%92,592
73%93,878
74%95,164
75%96,450
76%97,736
77%99,022
78%100,308
79%101,594
80%102,880
Percent Down Down Payment
81%104,166
82%105,452
83%106,738
84%108,024
85%109,310
86%110,596
87%111,882
88%113,168
89%114,454
90%115,740
91%117,026
92%118,312
93%119,598
94%120,884
95%122,170
96%123,456
97%124,742
98%126,028
99%127,314
100%128,600
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.