$129,500 Mortgage for 30 Years

What is the monthly payment of a 129,500 dollar loan?
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Loan Tables for a $129,500 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 130k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $129,500 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
129,500 at 2.01%$479.31
129,500 at 2.02%$479.95
129,500 at 2.03%$480.60
129,500 at 2.04%$481.25
129,500 at 2.05%$481.90
129,500 at 2.06%$482.55
129,500 at 2.07%$483.20
129,500 at 2.08%$483.85
129,500 at 2.09%$484.51
129,500 at 2.1%$485.16
129,500 at 2.11%$485.81
129,500 at 2.12%$486.47
129,500 at 2.13%$487.12
129,500 at 2.14%$487.77
129,500 at 2.15%$488.43
129,500 at 2.16%$489.08
129,500 at 2.17%$489.74
129,500 at 2.18%$490.40
129,500 at 2.19%$491.05
129,500 at 2.2%$491.71
129,500 at 2.21%$492.37
129,500 at 2.22%$493.03
129,500 at 2.23%$493.69
129,500 at 2.24%$494.35
129,500 at 2.25%$495.01
129,500 at 2.26%$495.67
129,500 at 2.27%$496.33
129,500 at 2.28%$496.99
129,500 at 2.29%$497.65
129,500 at 2.3%$498.32
129,500 at 2.31%$498.98
129,500 at 2.32%$499.64
129,500 at 2.33%$500.31
129,500 at 2.34%$500.97
129,500 at 2.35%$501.64
129,500 at 2.36%$502.31
129,500 at 2.37%$502.97
129,500 at 2.38%$503.64
129,500 at 2.39%$504.31
129,500 at 2.4%$504.97
129,500 at 2.41%$505.64
129,500 at 2.42%$506.31
129,500 at 2.43%$506.98
129,500 at 2.44%$507.65
129,500 at 2.45%$508.32
129,500 at 2.46%$508.99
129,500 at 2.47%$509.66
129,500 at 2.48%$510.34
129,500 at 2.49%$511.01
129,500 at 2.5%$511.68
129,500 at 2.51%$512.36
129,500 at 2.52%$513.03
129,500 at 2.53%$513.70
129,500 at 2.54%$514.38
129,500 at 2.55%$515.05
129,500 at 2.56%$515.73
129,500 at 2.57%$516.41
129,500 at 2.58%$517.08
129,500 at 2.59%$517.76
129,500 at 2.6%$518.44
129,500 at 2.61%$519.12
129,500 at 2.62%$519.80
129,500 at 2.63%$520.48
129,500 at 2.64%$521.16
129,500 at 2.65%$521.84
129,500 at 2.66%$522.52
129,500 at 2.67%$523.20
129,500 at 2.68%$523.88
129,500 at 2.69%$524.57
129,500 at 2.7%$525.25
129,500 at 2.71%$525.93
129,500 at 2.72%$526.62
129,500 at 2.73%$527.30
129,500 at 2.74%$527.99
129,500 at 2.75%$528.67
129,500 at 2.76%$529.36
129,500 at 2.77%$530.05
129,500 at 2.78%$530.73
129,500 at 2.79%$531.42
129,500 at 2.8%$532.11
129,500 at 2.81%$532.80
129,500 at 2.82%$533.49
129,500 at 2.83%$534.18
129,500 at 2.84%$534.87
129,500 at 2.85%$535.56
129,500 at 2.86%$536.25
129,500 at 2.87%$536.94
129,500 at 2.88%$537.63
129,500 at 2.89%$538.32
129,500 at 2.9%$539.02
129,500 at 2.91%$539.71
129,500 at 2.92%$540.41
129,500 at 2.93%$541.10
129,500 at 2.94%$541.80
129,500 at 2.95%$542.49
129,500 at 2.96%$543.19
129,500 at 2.97%$543.88
129,500 at 2.98%$544.58
129,500 at 2.99%$545.28
129,500 at 3%$545.98
129,500 at 3.01%$546.68
129,500 at 3.02%$547.38
129,500 at 3.03%$548.07
129,500 at 3.04%$548.77
129,500 at 3.05%$549.48
129,500 at 3.06%$550.18
129,500 at 3.07%$550.88
129,500 at 3.08%$551.58
129,500 at 3.09%$552.28
129,500 at 3.1%$552.99
129,500 at 3.11%$553.69
129,500 at 3.12%$554.39
129,500 at 3.13%$555.10
129,500 at 3.14%$555.80
129,500 at 3.15%$556.51
129,500 at 3.16%$557.22
129,500 at 3.17%$557.92
129,500 at 3.18%$558.63
129,500 at 3.19%$559.34
129,500 at 3.2%$560.04
129,500 at 3.21%$560.75
129,500 at 3.22%$561.46
129,500 at 3.23%$562.17
129,500 at 3.24%$562.88
129,500 at 3.25%$563.59
129,500 at 3.26%$564.30
129,500 at 3.27%$565.01
129,500 at 3.28%$565.73
129,500 at 3.29%$566.44
129,500 at 3.3%$567.15
129,500 at 3.31%$567.87
129,500 at 3.32%$568.58
129,500 at 3.33%$569.29
129,500 at 3.34%$570.01
129,500 at 3.35%$570.72
129,500 at 3.36%$571.44
129,500 at 3.37%$572.16
129,500 at 3.38%$572.87
129,500 at 3.39%$573.59
129,500 at 3.4%$574.31
129,500 at 3.41%$575.03
129,500 at 3.42%$575.75
129,500 at 3.43%$576.46
129,500 at 3.44%$577.18
129,500 at 3.45%$577.90
129,500 at 3.46%$578.63
129,500 at 3.47%$579.35
129,500 at 3.48%$580.07
129,500 at 3.49%$580.79
129,500 at 3.5%$581.51
Interest Rate 30 Year
129,500 at 3.51%$582.24
129,500 at 3.52%$582.96
129,500 at 3.53%$583.68
129,500 at 3.54%$584.41
129,500 at 3.55%$585.13
129,500 at 3.56%$585.86
129,500 at 3.57%$586.58
129,500 at 3.58%$587.31
129,500 at 3.59%$588.04
129,500 at 3.6%$588.77
129,500 at 3.61%$589.49
129,500 at 3.62%$590.22
129,500 at 3.63%$590.95
129,500 at 3.64%$591.68
129,500 at 3.65%$592.41
129,500 at 3.66%$593.14
129,500 at 3.67%$593.87
129,500 at 3.68%$594.60
129,500 at 3.69%$595.33
129,500 at 3.7%$596.07
129,500 at 3.71%$596.80
129,500 at 3.72%$597.53
129,500 at 3.73%$598.27
129,500 at 3.74%$599.00
129,500 at 3.75%$599.73
129,500 at 3.76%$600.47
129,500 at 3.77%$601.21
129,500 at 3.78%$601.94
129,500 at 3.79%$602.68
129,500 at 3.8%$603.41
129,500 at 3.81%$604.15
129,500 at 3.82%$604.89
129,500 at 3.83%$605.63
129,500 at 3.84%$606.37
129,500 at 3.85%$607.11
129,500 at 3.86%$607.85
129,500 at 3.87%$608.59
129,500 at 3.88%$609.33
129,500 at 3.89%$610.07
129,500 at 3.9%$610.81
129,500 at 3.91%$611.55
129,500 at 3.92%$612.30
129,500 at 3.93%$613.04
129,500 at 3.94%$613.78
129,500 at 3.95%$614.53
129,500 at 3.96%$615.27
129,500 at 3.97%$616.02
129,500 at 3.98%$616.76
129,500 at 3.99%$617.51
129,500 at 4%$618.25
129,500 at 4.01%$619.00
129,500 at 4.02%$619.75
129,500 at 4.03%$620.49
129,500 at 4.04%$621.24
129,500 at 4.05%$621.99
129,500 at 4.06%$622.74
129,500 at 4.07%$623.49
129,500 at 4.08%$624.24
129,500 at 4.09%$624.99
129,500 at 4.1%$625.74
129,500 at 4.11%$626.49
129,500 at 4.12%$627.25
129,500 at 4.13%$628.00
129,500 at 4.14%$628.75
129,500 at 4.15%$629.50
129,500 at 4.16%$630.26
129,500 at 4.17%$631.01
129,500 at 4.18%$631.77
129,500 at 4.19%$632.52
129,500 at 4.2%$633.28
129,500 at 4.21%$634.03
129,500 at 4.22%$634.79
129,500 at 4.23%$635.55
129,500 at 4.24%$636.30
129,500 at 4.25%$637.06
129,500 at 4.26%$637.82
129,500 at 4.27%$638.58
129,500 at 4.28%$639.34
129,500 at 4.29%$640.10
129,500 at 4.3%$640.86
129,500 at 4.31%$641.62
129,500 at 4.32%$642.38
129,500 at 4.33%$643.14
129,500 at 4.34%$643.90
129,500 at 4.35%$644.67
129,500 at 4.36%$645.43
129,500 at 4.37%$646.19
129,500 at 4.38%$646.96
129,500 at 4.39%$647.72
129,500 at 4.4%$648.49
129,500 at 4.41%$649.25
129,500 at 4.42%$650.02
129,500 at 4.43%$650.78
129,500 at 4.44%$651.55
129,500 at 4.45%$652.32
129,500 at 4.46%$653.08
129,500 at 4.47%$653.85
129,500 at 4.48%$654.62
129,500 at 4.49%$655.39
129,500 at 4.5%$656.16
129,500 at 4.51%$656.93
129,500 at 4.52%$657.70
129,500 at 4.53%$658.47
129,500 at 4.54%$659.24
129,500 at 4.55%$660.01
129,500 at 4.56%$660.78
129,500 at 4.57%$661.55
129,500 at 4.58%$662.33
129,500 at 4.59%$663.10
129,500 at 4.6%$663.87
129,500 at 4.61%$664.65
129,500 at 4.62%$665.42
129,500 at 4.63%$666.20
129,500 at 4.64%$666.97
129,500 at 4.65%$667.75
129,500 at 4.66%$668.53
129,500 at 4.67%$669.30
129,500 at 4.68%$670.08
129,500 at 4.69%$670.86
129,500 at 4.7%$671.64
129,500 at 4.71%$672.41
129,500 at 4.72%$673.19
129,500 at 4.73%$673.97
129,500 at 4.74%$674.75
129,500 at 4.75%$675.53
129,500 at 4.76%$676.31
129,500 at 4.77%$677.10
129,500 at 4.78%$677.88
129,500 at 4.79%$678.66
129,500 at 4.8%$679.44
129,500 at 4.81%$680.22
129,500 at 4.82%$681.01
129,500 at 4.83%$681.79
129,500 at 4.84%$682.58
129,500 at 4.85%$683.36
129,500 at 4.86%$684.15
129,500 at 4.87%$684.93
129,500 at 4.88%$685.72
129,500 at 4.89%$686.50
129,500 at 4.9%$687.29
129,500 at 4.91%$688.08
129,500 at 4.92%$688.87
129,500 at 4.93%$689.65
129,500 at 4.94%$690.44
129,500 at 4.95%$691.23
129,500 at 4.96%$692.02
129,500 at 4.97%$692.81
129,500 at 4.98%$693.60
129,500 at 4.99%$694.39
129,500 at 5%$695.18
Interest Rate 30 Year
129,500 at 5.01%$695.98
129,500 at 5.02%$696.77
129,500 at 5.03%$697.56
129,500 at 5.04%$698.35
129,500 at 5.05%$699.15
129,500 at 5.06%$699.94
129,500 at 5.07%$700.73
129,500 at 5.08%$701.53
129,500 at 5.09%$702.32
129,500 at 5.1%$703.12
129,500 at 5.11%$703.92
129,500 at 5.12%$704.71
129,500 at 5.13%$705.51
129,500 at 5.14%$706.31
129,500 at 5.15%$707.10
129,500 at 5.16%$707.90
129,500 at 5.17%$708.70
129,500 at 5.18%$709.50
129,500 at 5.19%$710.30
129,500 at 5.2%$711.10
129,500 at 5.21%$711.90
129,500 at 5.22%$712.70
129,500 at 5.23%$713.50
129,500 at 5.24%$714.30
129,500 at 5.25%$715.10
129,500 at 5.26%$715.91
129,500 at 5.27%$716.71
129,500 at 5.28%$717.51
129,500 at 5.29%$718.32
129,500 at 5.3%$719.12
129,500 at 5.31%$719.92
129,500 at 5.32%$720.73
129,500 at 5.33%$721.53
129,500 at 5.34%$722.34
129,500 at 5.35%$723.15
129,500 at 5.36%$723.95
129,500 at 5.37%$724.76
129,500 at 5.38%$725.57
129,500 at 5.39%$726.37
129,500 at 5.4%$727.18
129,500 at 5.41%$727.99
129,500 at 5.42%$728.80
129,500 at 5.43%$729.61
129,500 at 5.44%$730.42
129,500 at 5.45%$731.23
129,500 at 5.46%$732.04
129,500 at 5.47%$732.85
129,500 at 5.48%$733.66
129,500 at 5.49%$734.47
129,500 at 5.5%$735.29
129,500 at 5.51%$736.10
129,500 at 5.52%$736.91
129,500 at 5.53%$737.73
129,500 at 5.54%$738.54
129,500 at 5.55%$739.35
129,500 at 5.56%$740.17
129,500 at 5.57%$740.98
129,500 at 5.58%$741.80
129,500 at 5.59%$742.62
129,500 at 5.6%$743.43
129,500 at 5.61%$744.25
129,500 at 5.62%$745.07
129,500 at 5.63%$745.88
129,500 at 5.64%$746.70
129,500 at 5.65%$747.52
129,500 at 5.66%$748.34
129,500 at 5.67%$749.16
129,500 at 5.68%$749.98
129,500 at 5.69%$750.80
129,500 at 5.7%$751.62
129,500 at 5.71%$752.44
129,500 at 5.72%$753.26
129,500 at 5.73%$754.08
129,500 at 5.74%$754.90
129,500 at 5.75%$755.73
129,500 at 5.76%$756.55
129,500 at 5.77%$757.37
129,500 at 5.78%$758.20
129,500 at 5.79%$759.02
129,500 at 5.8%$759.85
129,500 at 5.81%$760.67
129,500 at 5.82%$761.50
129,500 at 5.83%$762.32
129,500 at 5.84%$763.15
129,500 at 5.85%$763.97
129,500 at 5.86%$764.80
129,500 at 5.87%$765.63
129,500 at 5.88%$766.46
129,500 at 5.89%$767.28
129,500 at 5.9%$768.11
129,500 at 5.91%$768.94
129,500 at 5.92%$769.77
129,500 at 5.93%$770.60
129,500 at 5.94%$771.43
129,500 at 5.95%$772.26
129,500 at 5.96%$773.09
129,500 at 5.97%$773.92
129,500 at 5.98%$774.75
129,500 at 5.99%$775.59
129,500 at 6%$776.42
129,500 at 6.01%$777.25
129,500 at 6.02%$778.08
129,500 at 6.03%$778.92
129,500 at 6.04%$779.75
129,500 at 6.05%$780.59
129,500 at 6.06%$781.42
129,500 at 6.07%$782.26
129,500 at 6.08%$783.09
129,500 at 6.09%$783.93
129,500 at 6.1%$784.76
129,500 at 6.11%$785.60
129,500 at 6.12%$786.44
129,500 at 6.13%$787.27
129,500 at 6.14%$788.11
129,500 at 6.15%$788.95
129,500 at 6.16%$789.79
129,500 at 6.17%$790.63
129,500 at 6.18%$791.47
129,500 at 6.19%$792.31
129,500 at 6.2%$793.15
129,500 at 6.21%$793.99
129,500 at 6.22%$794.83
129,500 at 6.23%$795.67
129,500 at 6.24%$796.51
129,500 at 6.25%$797.35
129,500 at 6.26%$798.20
129,500 at 6.27%$799.04
129,500 at 6.28%$799.88
129,500 at 6.29%$800.73
129,500 at 6.3%$801.57
129,500 at 6.31%$802.41
129,500 at 6.32%$803.26
129,500 at 6.33%$804.10
129,500 at 6.34%$804.95
129,500 at 6.35%$805.80
129,500 at 6.36%$806.64
129,500 at 6.37%$807.49
129,500 at 6.38%$808.34
129,500 at 6.39%$809.18
129,500 at 6.4%$810.03
129,500 at 6.41%$810.88
129,500 at 6.42%$811.73
129,500 at 6.43%$812.58
129,500 at 6.44%$813.42
129,500 at 6.45%$814.27
129,500 at 6.46%$815.12
129,500 at 6.47%$815.97
129,500 at 6.48%$816.83
129,500 at 6.49%$817.68
129,500 at 6.5%$818.53
Interest Rate 30 Year
129,500 at 6.51%$819.38
129,500 at 6.52%$820.23
129,500 at 6.53%$821.08
129,500 at 6.54%$821.94
129,500 at 6.55%$822.79
129,500 at 6.56%$823.64
129,500 at 6.57%$824.50
129,500 at 6.58%$825.35
129,500 at 6.59%$826.21
129,500 at 6.6%$827.06
129,500 at 6.61%$827.92
129,500 at 6.62%$828.77
129,500 at 6.63%$829.63
129,500 at 6.64%$830.49
129,500 at 6.65%$831.34
129,500 at 6.66%$832.20
129,500 at 6.67%$833.06
129,500 at 6.68%$833.92
129,500 at 6.69%$834.78
129,500 at 6.7%$835.63
129,500 at 6.71%$836.49
129,500 at 6.72%$837.35
129,500 at 6.73%$838.21
129,500 at 6.74%$839.07
129,500 at 6.75%$839.93
129,500 at 6.76%$840.80
129,500 at 6.77%$841.66
129,500 at 6.78%$842.52
129,500 at 6.79%$843.38
129,500 at 6.8%$844.24
129,500 at 6.81%$845.11
129,500 at 6.82%$845.97
129,500 at 6.83%$846.83
129,500 at 6.84%$847.70
129,500 at 6.85%$848.56
129,500 at 6.86%$849.43
129,500 at 6.87%$850.29
129,500 at 6.88%$851.16
129,500 at 6.89%$852.02
129,500 at 6.9%$852.89
129,500 at 6.91%$853.75
129,500 at 6.92%$854.62
129,500 at 6.93%$855.49
129,500 at 6.94%$856.35
129,500 at 6.95%$857.22
129,500 at 6.96%$858.09
129,500 at 6.97%$858.96
129,500 at 6.98%$859.83
129,500 at 6.99%$860.70
129,500 at 7%$861.57
129,500 at 7.01%$862.44
129,500 at 7.02%$863.31
129,500 at 7.03%$864.18
129,500 at 7.04%$865.05
129,500 at 7.05%$865.92
129,500 at 7.06%$866.79
129,500 at 7.07%$867.66
129,500 at 7.08%$868.54
129,500 at 7.09%$869.41
129,500 at 7.1%$870.28
129,500 at 7.11%$871.15
129,500 at 7.12%$872.03
129,500 at 7.13%$872.90
129,500 at 7.14%$873.78
129,500 at 7.15%$874.65
129,500 at 7.16%$875.53
129,500 at 7.17%$876.40
129,500 at 7.18%$877.28
129,500 at 7.19%$878.15
129,500 at 7.2%$879.03
129,500 at 7.21%$879.91
129,500 at 7.22%$880.78
129,500 at 7.23%$881.66
129,500 at 7.24%$882.54
129,500 at 7.25%$883.42
129,500 at 7.26%$884.30
129,500 at 7.27%$885.18
129,500 at 7.28%$886.05
129,500 at 7.29%$886.93
129,500 at 7.3%$887.81
129,500 at 7.31%$888.69
129,500 at 7.32%$889.58
129,500 at 7.33%$890.46
129,500 at 7.34%$891.34
129,500 at 7.35%$892.22
129,500 at 7.36%$893.10
129,500 at 7.37%$893.98
129,500 at 7.38%$894.87
129,500 at 7.39%$895.75
129,500 at 7.4%$896.63
129,500 at 7.41%$897.52
129,500 at 7.42%$898.40
129,500 at 7.43%$899.28
129,500 at 7.44%$900.17
129,500 at 7.45%$901.05
129,500 at 7.46%$901.94
129,500 at 7.47%$902.82
129,500 at 7.48%$903.71
129,500 at 7.49%$904.60
129,500 at 7.5%$905.48
129,500 at 7.51%$906.37
129,500 at 7.52%$907.26
129,500 at 7.53%$908.14
129,500 at 7.54%$909.03
129,500 at 7.55%$909.92
129,500 at 7.56%$910.81
129,500 at 7.57%$911.70
129,500 at 7.58%$912.59
129,500 at 7.59%$913.48
129,500 at 7.6%$914.37
129,500 at 7.61%$915.26
129,500 at 7.62%$916.15
129,500 at 7.63%$917.04
129,500 at 7.64%$917.93
129,500 at 7.65%$918.82
129,500 at 7.66%$919.71
129,500 at 7.67%$920.61
129,500 at 7.68%$921.50
129,500 at 7.69%$922.39
129,500 at 7.7%$923.28
129,500 at 7.71%$924.18
129,500 at 7.72%$925.07
129,500 at 7.73%$925.96
129,500 at 7.74%$926.86
129,500 at 7.75%$927.75
129,500 at 7.76%$928.65
129,500 at 7.77%$929.54
129,500 at 7.78%$930.44
129,500 at 7.79%$931.34
129,500 at 7.8%$932.23
129,500 at 7.81%$933.13
129,500 at 7.82%$934.03
129,500 at 7.83%$934.92
129,500 at 7.84%$935.82
129,500 at 7.85%$936.72
129,500 at 7.86%$937.62
129,500 at 7.87%$938.52
129,500 at 7.88%$939.41
129,500 at 7.89%$940.31
129,500 at 7.9%$941.21
129,500 at 7.91%$942.11
129,500 at 7.92%$943.01
129,500 at 7.93%$943.91
129,500 at 7.94%$944.81
129,500 at 7.95%$945.72
129,500 at 7.96%$946.62
129,500 at 7.97%$947.52
129,500 at 7.98%$948.42
129,500 at 7.99%$949.32
129,500 at 8%$950.23
More Amounts
What is the down payment for a $129,500 house? How much do you need to put down?
Percent Down Down Payment
1%1,295
2%2,590
3%3,885
4%5,180
5%6,475
6%7,770
7%9,065
8%10,360
9%11,655
10%12,950
11%14,245
12%15,540
13%16,835
14%18,130
15%19,425
16%20,720
17%22,015
18%23,310
19%24,605
20%25,900
Percent Down Down Payment
21%27,195
22%28,490
23%29,785
24%31,080
25%32,375
26%33,670
27%34,965
28%36,260
29%37,555
30%38,850
31%40,145
32%41,440
33%42,735
34%44,030
35%45,325
36%46,620
37%47,915
38%49,210
39%50,505
40%51,800
Percent Down Down Payment
41%53,095
42%54,390
43%55,685
44%56,980
45%58,275
46%59,570
47%60,865
48%62,160
49%63,455
50%64,750
51%66,045
52%67,340
53%68,635
54%69,930
55%71,225
56%72,520
57%73,815
58%75,110
59%76,405
60%77,700
Percent Down Down Payment
61%78,995
62%80,290
63%81,585
64%82,880
65%84,175
66%85,470
67%86,765
68%88,060
69%89,355
70%90,650
71%91,945
72%93,240
73%94,535
74%95,830
75%97,125
76%98,420
77%99,715
78%101,010
79%102,305
80%103,600
Percent Down Down Payment
81%104,895
82%106,190
83%107,485
84%108,780
85%110,075
86%111,370
87%112,665
88%113,960
89%115,255
90%116,550
91%117,845
92%119,140
93%120,435
94%121,730
95%123,025
96%124,320
97%125,615
98%126,910
99%128,205
100%129,500
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.