$129,800 Mortgage for 30 Years

What is the monthly payment of a 129,800 dollar loan?
$
$
%
%
years
Loan Tables for a $129,800 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 $129,800 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
129,800 at 2.01%$480.42
129,800 at 2.02%$481.07
129,800 at 2.03%$481.72
129,800 at 2.04%$482.37
129,800 at 2.05%$483.02
129,800 at 2.06%$483.67
129,800 at 2.07%$484.32
129,800 at 2.08%$484.98
129,800 at 2.09%$485.63
129,800 at 2.1%$486.28
129,800 at 2.11%$486.94
129,800 at 2.12%$487.59
129,800 at 2.13%$488.25
129,800 at 2.14%$488.90
129,800 at 2.15%$489.56
129,800 at 2.16%$490.22
129,800 at 2.17%$490.88
129,800 at 2.18%$491.53
129,800 at 2.19%$492.19
129,800 at 2.2%$492.85
129,800 at 2.21%$493.51
129,800 at 2.22%$494.17
129,800 at 2.23%$494.83
129,800 at 2.24%$495.49
129,800 at 2.25%$496.16
129,800 at 2.26%$496.82
129,800 at 2.27%$497.48
129,800 at 2.28%$498.14
129,800 at 2.29%$498.81
129,800 at 2.3%$499.47
129,800 at 2.31%$500.14
129,800 at 2.32%$500.80
129,800 at 2.33%$501.47
129,800 at 2.34%$502.13
129,800 at 2.35%$502.80
129,800 at 2.36%$503.47
129,800 at 2.37%$504.14
129,800 at 2.38%$504.81
129,800 at 2.39%$505.47
129,800 at 2.4%$506.14
129,800 at 2.41%$506.81
129,800 at 2.42%$507.48
129,800 at 2.43%$508.16
129,800 at 2.44%$508.83
129,800 at 2.45%$509.50
129,800 at 2.46%$510.17
129,800 at 2.47%$510.84
129,800 at 2.48%$511.52
129,800 at 2.49%$512.19
129,800 at 2.5%$512.87
129,800 at 2.51%$513.54
129,800 at 2.52%$514.22
129,800 at 2.53%$514.89
129,800 at 2.54%$515.57
129,800 at 2.55%$516.25
129,800 at 2.56%$516.93
129,800 at 2.57%$517.60
129,800 at 2.58%$518.28
129,800 at 2.59%$518.96
129,800 at 2.6%$519.64
129,800 at 2.61%$520.32
129,800 at 2.62%$521.00
129,800 at 2.63%$521.68
129,800 at 2.64%$522.36
129,800 at 2.65%$523.05
129,800 at 2.66%$523.73
129,800 at 2.67%$524.41
129,800 at 2.68%$525.10
129,800 at 2.69%$525.78
129,800 at 2.7%$526.47
129,800 at 2.71%$527.15
129,800 at 2.72%$527.84
129,800 at 2.73%$528.52
129,800 at 2.74%$529.21
129,800 at 2.75%$529.90
129,800 at 2.76%$530.58
129,800 at 2.77%$531.27
129,800 at 2.78%$531.96
129,800 at 2.79%$532.65
129,800 at 2.8%$533.34
129,800 at 2.81%$534.03
129,800 at 2.82%$534.72
129,800 at 2.83%$535.41
129,800 at 2.84%$536.11
129,800 at 2.85%$536.80
129,800 at 2.86%$537.49
129,800 at 2.87%$538.18
129,800 at 2.88%$538.88
129,800 at 2.89%$539.57
129,800 at 2.9%$540.27
129,800 at 2.91%$540.96
129,800 at 2.92%$541.66
129,800 at 2.93%$542.35
129,800 at 2.94%$543.05
129,800 at 2.95%$543.75
129,800 at 2.96%$544.45
129,800 at 2.97%$545.14
129,800 at 2.98%$545.84
129,800 at 2.99%$546.54
129,800 at 3%$547.24
129,800 at 3.01%$547.94
129,800 at 3.02%$548.64
129,800 at 3.03%$549.34
129,800 at 3.04%$550.05
129,800 at 3.05%$550.75
129,800 at 3.06%$551.45
129,800 at 3.07%$552.15
129,800 at 3.08%$552.86
129,800 at 3.09%$553.56
129,800 at 3.1%$554.27
129,800 at 3.11%$554.97
129,800 at 3.12%$555.68
129,800 at 3.13%$556.38
129,800 at 3.14%$557.09
129,800 at 3.15%$557.80
129,800 at 3.16%$558.51
129,800 at 3.17%$559.21
129,800 at 3.18%$559.92
129,800 at 3.19%$560.63
129,800 at 3.2%$561.34
129,800 at 3.21%$562.05
129,800 at 3.22%$562.76
129,800 at 3.23%$563.47
129,800 at 3.24%$564.19
129,800 at 3.25%$564.90
129,800 at 3.26%$565.61
129,800 at 3.27%$566.32
129,800 at 3.28%$567.04
129,800 at 3.29%$567.75
129,800 at 3.3%$568.47
129,800 at 3.31%$569.18
129,800 at 3.32%$569.90
129,800 at 3.33%$570.61
129,800 at 3.34%$571.33
129,800 at 3.35%$572.05
129,800 at 3.36%$572.76
129,800 at 3.37%$573.48
129,800 at 3.38%$574.20
129,800 at 3.39%$574.92
129,800 at 3.4%$575.64
129,800 at 3.41%$576.36
129,800 at 3.42%$577.08
129,800 at 3.43%$577.80
129,800 at 3.44%$578.52
129,800 at 3.45%$579.24
129,800 at 3.46%$579.97
129,800 at 3.47%$580.69
129,800 at 3.48%$581.41
129,800 at 3.49%$582.14
129,800 at 3.5%$582.86
Interest Rate 30 Year
129,800 at 3.51%$583.58
129,800 at 3.52%$584.31
129,800 at 3.53%$585.04
129,800 at 3.54%$585.76
129,800 at 3.55%$586.49
129,800 at 3.56%$587.22
129,800 at 3.57%$587.94
129,800 at 3.58%$588.67
129,800 at 3.59%$589.40
129,800 at 3.6%$590.13
129,800 at 3.61%$590.86
129,800 at 3.62%$591.59
129,800 at 3.63%$592.32
129,800 at 3.64%$593.05
129,800 at 3.65%$593.78
129,800 at 3.66%$594.51
129,800 at 3.67%$595.25
129,800 at 3.68%$595.98
129,800 at 3.69%$596.71
129,800 at 3.7%$597.45
129,800 at 3.71%$598.18
129,800 at 3.72%$598.92
129,800 at 3.73%$599.65
129,800 at 3.74%$600.39
129,800 at 3.75%$601.12
129,800 at 3.76%$601.86
129,800 at 3.77%$602.60
129,800 at 3.78%$603.34
129,800 at 3.79%$604.07
129,800 at 3.8%$604.81
129,800 at 3.81%$605.55
129,800 at 3.82%$606.29
129,800 at 3.83%$607.03
129,800 at 3.84%$607.77
129,800 at 3.85%$608.51
129,800 at 3.86%$609.25
129,800 at 3.87%$610.00
129,800 at 3.88%$610.74
129,800 at 3.89%$611.48
129,800 at 3.9%$612.23
129,800 at 3.91%$612.97
129,800 at 3.92%$613.71
129,800 at 3.93%$614.46
129,800 at 3.94%$615.20
129,800 at 3.95%$615.95
129,800 at 3.96%$616.70
129,800 at 3.97%$617.44
129,800 at 3.98%$618.19
129,800 at 3.99%$618.94
129,800 at 4%$619.69
129,800 at 4.01%$620.43
129,800 at 4.02%$621.18
129,800 at 4.03%$621.93
129,800 at 4.04%$622.68
129,800 at 4.05%$623.43
129,800 at 4.06%$624.18
129,800 at 4.07%$624.93
129,800 at 4.08%$625.69
129,800 at 4.09%$626.44
129,800 at 4.1%$627.19
129,800 at 4.11%$627.94
129,800 at 4.12%$628.70
129,800 at 4.13%$629.45
129,800 at 4.14%$630.21
129,800 at 4.15%$630.96
129,800 at 4.16%$631.72
129,800 at 4.17%$632.47
129,800 at 4.18%$633.23
129,800 at 4.19%$633.99
129,800 at 4.2%$634.74
129,800 at 4.21%$635.50
129,800 at 4.22%$636.26
129,800 at 4.23%$637.02
129,800 at 4.24%$637.78
129,800 at 4.25%$638.54
129,800 at 4.26%$639.30
129,800 at 4.27%$640.06
129,800 at 4.28%$640.82
129,800 at 4.29%$641.58
129,800 at 4.3%$642.34
129,800 at 4.31%$643.11
129,800 at 4.32%$643.87
129,800 at 4.33%$644.63
129,800 at 4.34%$645.40
129,800 at 4.35%$646.16
129,800 at 4.36%$646.92
129,800 at 4.37%$647.69
129,800 at 4.38%$648.46
129,800 at 4.39%$649.22
129,800 at 4.4%$649.99
129,800 at 4.41%$650.75
129,800 at 4.42%$651.52
129,800 at 4.43%$652.29
129,800 at 4.44%$653.06
129,800 at 4.45%$653.83
129,800 at 4.46%$654.60
129,800 at 4.47%$655.37
129,800 at 4.48%$656.14
129,800 at 4.49%$656.91
129,800 at 4.5%$657.68
129,800 at 4.51%$658.45
129,800 at 4.52%$659.22
129,800 at 4.53%$659.99
129,800 at 4.54%$660.77
129,800 at 4.55%$661.54
129,800 at 4.56%$662.31
129,800 at 4.57%$663.09
129,800 at 4.58%$663.86
129,800 at 4.59%$664.64
129,800 at 4.6%$665.41
129,800 at 4.61%$666.19
129,800 at 4.62%$666.96
129,800 at 4.63%$667.74
129,800 at 4.64%$668.52
129,800 at 4.65%$669.30
129,800 at 4.66%$670.07
129,800 at 4.67%$670.85
129,800 at 4.68%$671.63
129,800 at 4.69%$672.41
129,800 at 4.7%$673.19
129,800 at 4.71%$673.97
129,800 at 4.72%$674.75
129,800 at 4.73%$675.53
129,800 at 4.74%$676.32
129,800 at 4.75%$677.10
129,800 at 4.76%$677.88
129,800 at 4.77%$678.66
129,800 at 4.78%$679.45
129,800 at 4.79%$680.23
129,800 at 4.8%$681.02
129,800 at 4.81%$681.80
129,800 at 4.82%$682.59
129,800 at 4.83%$683.37
129,800 at 4.84%$684.16
129,800 at 4.85%$684.94
129,800 at 4.86%$685.73
129,800 at 4.87%$686.52
129,800 at 4.88%$687.31
129,800 at 4.89%$688.09
129,800 at 4.9%$688.88
129,800 at 4.91%$689.67
129,800 at 4.92%$690.46
129,800 at 4.93%$691.25
129,800 at 4.94%$692.04
129,800 at 4.95%$692.83
129,800 at 4.96%$693.62
129,800 at 4.97%$694.42
129,800 at 4.98%$695.21
129,800 at 4.99%$696.00
129,800 at 5%$696.79
Interest Rate 30 Year
129,800 at 5.01%$697.59
129,800 at 5.02%$698.38
129,800 at 5.03%$699.18
129,800 at 5.04%$699.97
129,800 at 5.05%$700.77
129,800 at 5.06%$701.56
129,800 at 5.07%$702.36
129,800 at 5.08%$703.15
129,800 at 5.09%$703.95
129,800 at 5.1%$704.75
129,800 at 5.11%$705.55
129,800 at 5.12%$706.34
129,800 at 5.13%$707.14
129,800 at 5.14%$707.94
129,800 at 5.15%$708.74
129,800 at 5.16%$709.54
129,800 at 5.17%$710.34
129,800 at 5.18%$711.14
129,800 at 5.19%$711.94
129,800 at 5.2%$712.75
129,800 at 5.21%$713.55
129,800 at 5.22%$714.35
129,800 at 5.23%$715.15
129,800 at 5.24%$715.96
129,800 at 5.25%$716.76
129,800 at 5.26%$717.56
129,800 at 5.27%$718.37
129,800 at 5.28%$719.17
129,800 at 5.29%$719.98
129,800 at 5.3%$720.79
129,800 at 5.31%$721.59
129,800 at 5.32%$722.40
129,800 at 5.33%$723.21
129,800 at 5.34%$724.01
129,800 at 5.35%$724.82
129,800 at 5.36%$725.63
129,800 at 5.37%$726.44
129,800 at 5.38%$727.25
129,800 at 5.39%$728.06
129,800 at 5.4%$728.87
129,800 at 5.41%$729.68
129,800 at 5.42%$730.49
129,800 at 5.43%$731.30
129,800 at 5.44%$732.11
129,800 at 5.45%$732.92
129,800 at 5.46%$733.74
129,800 at 5.47%$734.55
129,800 at 5.48%$735.36
129,800 at 5.49%$736.18
129,800 at 5.5%$736.99
129,800 at 5.51%$737.80
129,800 at 5.52%$738.62
129,800 at 5.53%$739.44
129,800 at 5.54%$740.25
129,800 at 5.55%$741.07
129,800 at 5.56%$741.88
129,800 at 5.57%$742.70
129,800 at 5.58%$743.52
129,800 at 5.59%$744.34
129,800 at 5.6%$745.15
129,800 at 5.61%$745.97
129,800 at 5.62%$746.79
129,800 at 5.63%$747.61
129,800 at 5.64%$748.43
129,800 at 5.65%$749.25
129,800 at 5.66%$750.07
129,800 at 5.67%$750.89
129,800 at 5.68%$751.72
129,800 at 5.69%$752.54
129,800 at 5.7%$753.36
129,800 at 5.71%$754.18
129,800 at 5.72%$755.01
129,800 at 5.73%$755.83
129,800 at 5.74%$756.65
129,800 at 5.75%$757.48
129,800 at 5.76%$758.30
129,800 at 5.77%$759.13
129,800 at 5.78%$759.95
129,800 at 5.79%$760.78
129,800 at 5.8%$761.61
129,800 at 5.81%$762.43
129,800 at 5.82%$763.26
129,800 at 5.83%$764.09
129,800 at 5.84%$764.91
129,800 at 5.85%$765.74
129,800 at 5.86%$766.57
129,800 at 5.87%$767.40
129,800 at 5.88%$768.23
129,800 at 5.89%$769.06
129,800 at 5.9%$769.89
129,800 at 5.91%$770.72
129,800 at 5.92%$771.55
129,800 at 5.93%$772.38
129,800 at 5.94%$773.22
129,800 at 5.95%$774.05
129,800 at 5.96%$774.88
129,800 at 5.97%$775.71
129,800 at 5.98%$776.55
129,800 at 5.99%$777.38
129,800 at 6%$778.22
129,800 at 6.01%$779.05
129,800 at 6.02%$779.89
129,800 at 6.03%$780.72
129,800 at 6.04%$781.56
129,800 at 6.05%$782.39
129,800 at 6.06%$783.23
129,800 at 6.07%$784.07
129,800 at 6.08%$784.91
129,800 at 6.09%$785.74
129,800 at 6.1%$786.58
129,800 at 6.11%$787.42
129,800 at 6.12%$788.26
129,800 at 6.13%$789.10
129,800 at 6.14%$789.94
129,800 at 6.15%$790.78
129,800 at 6.16%$791.62
129,800 at 6.17%$792.46
129,800 at 6.18%$793.30
129,800 at 6.19%$794.14
129,800 at 6.2%$794.98
129,800 at 6.21%$795.83
129,800 at 6.22%$796.67
129,800 at 6.23%$797.51
129,800 at 6.24%$798.36
129,800 at 6.25%$799.20
129,800 at 6.26%$800.05
129,800 at 6.27%$800.89
129,800 at 6.28%$801.74
129,800 at 6.29%$802.58
129,800 at 6.3%$803.43
129,800 at 6.31%$804.27
129,800 at 6.32%$805.12
129,800 at 6.33%$805.97
129,800 at 6.34%$806.81
129,800 at 6.35%$807.66
129,800 at 6.36%$808.51
129,800 at 6.37%$809.36
129,800 at 6.38%$810.21
129,800 at 6.39%$811.06
129,800 at 6.4%$811.91
129,800 at 6.41%$812.76
129,800 at 6.42%$813.61
129,800 at 6.43%$814.46
129,800 at 6.44%$815.31
129,800 at 6.45%$816.16
129,800 at 6.46%$817.01
129,800 at 6.47%$817.87
129,800 at 6.48%$818.72
129,800 at 6.49%$819.57
129,800 at 6.5%$820.42
Interest Rate 30 Year
129,800 at 6.51%$821.28
129,800 at 6.52%$822.13
129,800 at 6.53%$822.99
129,800 at 6.54%$823.84
129,800 at 6.55%$824.70
129,800 at 6.56%$825.55
129,800 at 6.57%$826.41
129,800 at 6.58%$827.27
129,800 at 6.59%$828.12
129,800 at 6.6%$828.98
129,800 at 6.61%$829.84
129,800 at 6.62%$830.69
129,800 at 6.63%$831.55
129,800 at 6.64%$832.41
129,800 at 6.65%$833.27
129,800 at 6.66%$834.13
129,800 at 6.67%$834.99
129,800 at 6.68%$835.85
129,800 at 6.69%$836.71
129,800 at 6.7%$837.57
129,800 at 6.71%$838.43
129,800 at 6.72%$839.29
129,800 at 6.73%$840.16
129,800 at 6.74%$841.02
129,800 at 6.75%$841.88
129,800 at 6.76%$842.74
129,800 at 6.77%$843.61
129,800 at 6.78%$844.47
129,800 at 6.79%$845.33
129,800 at 6.8%$846.20
129,800 at 6.81%$847.06
129,800 at 6.82%$847.93
129,800 at 6.83%$848.79
129,800 at 6.84%$849.66
129,800 at 6.85%$850.53
129,800 at 6.86%$851.39
129,800 at 6.87%$852.26
129,800 at 6.88%$853.13
129,800 at 6.89%$853.99
129,800 at 6.9%$854.86
129,800 at 6.91%$855.73
129,800 at 6.92%$856.60
129,800 at 6.93%$857.47
129,800 at 6.94%$858.34
129,800 at 6.95%$859.21
129,800 at 6.96%$860.08
129,800 at 6.97%$860.95
129,800 at 6.98%$861.82
129,800 at 6.99%$862.69
129,800 at 7%$863.56
129,800 at 7.01%$864.43
129,800 at 7.02%$865.31
129,800 at 7.03%$866.18
129,800 at 7.04%$867.05
129,800 at 7.05%$867.93
129,800 at 7.06%$868.80
129,800 at 7.07%$869.67
129,800 at 7.08%$870.55
129,800 at 7.09%$871.42
129,800 at 7.1%$872.30
129,800 at 7.11%$873.17
129,800 at 7.12%$874.05
129,800 at 7.13%$874.92
129,800 at 7.14%$875.80
129,800 at 7.15%$876.68
129,800 at 7.16%$877.56
129,800 at 7.17%$878.43
129,800 at 7.18%$879.31
129,800 at 7.19%$880.19
129,800 at 7.2%$881.07
129,800 at 7.21%$881.95
129,800 at 7.22%$882.83
129,800 at 7.23%$883.70
129,800 at 7.24%$884.58
129,800 at 7.25%$885.46
129,800 at 7.26%$886.35
129,800 at 7.27%$887.23
129,800 at 7.28%$888.11
129,800 at 7.29%$888.99
129,800 at 7.3%$889.87
129,800 at 7.31%$890.75
129,800 at 7.32%$891.64
129,800 at 7.33%$892.52
129,800 at 7.34%$893.40
129,800 at 7.35%$894.29
129,800 at 7.36%$895.17
129,800 at 7.37%$896.05
129,800 at 7.38%$896.94
129,800 at 7.39%$897.82
129,800 at 7.4%$898.71
129,800 at 7.41%$899.59
129,800 at 7.42%$900.48
129,800 at 7.43%$901.37
129,800 at 7.44%$902.25
129,800 at 7.45%$903.14
129,800 at 7.46%$904.03
129,800 at 7.47%$904.92
129,800 at 7.48%$905.80
129,800 at 7.49%$906.69
129,800 at 7.5%$907.58
129,800 at 7.51%$908.47
129,800 at 7.52%$909.36
129,800 at 7.53%$910.25
129,800 at 7.54%$911.14
129,800 at 7.55%$912.03
129,800 at 7.56%$912.92
129,800 at 7.57%$913.81
129,800 at 7.58%$914.70
129,800 at 7.59%$915.59
129,800 at 7.6%$916.49
129,800 at 7.61%$917.38
129,800 at 7.62%$918.27
129,800 at 7.63%$919.16
129,800 at 7.64%$920.06
129,800 at 7.65%$920.95
129,800 at 7.66%$921.84
129,800 at 7.67%$922.74
129,800 at 7.68%$923.63
129,800 at 7.69%$924.53
129,800 at 7.7%$925.42
129,800 at 7.71%$926.32
129,800 at 7.72%$927.21
129,800 at 7.73%$928.11
129,800 at 7.74%$929.01
129,800 at 7.75%$929.90
129,800 at 7.76%$930.80
129,800 at 7.77%$931.70
129,800 at 7.78%$932.60
129,800 at 7.79%$933.49
129,800 at 7.8%$934.39
129,800 at 7.81%$935.29
129,800 at 7.82%$936.19
129,800 at 7.83%$937.09
129,800 at 7.84%$937.99
129,800 at 7.85%$938.89
129,800 at 7.86%$939.79
129,800 at 7.87%$940.69
129,800 at 7.88%$941.59
129,800 at 7.89%$942.49
129,800 at 7.9%$943.39
129,800 at 7.91%$944.30
129,800 at 7.92%$945.20
129,800 at 7.93%$946.10
129,800 at 7.94%$947.00
129,800 at 7.95%$947.91
129,800 at 7.96%$948.81
129,800 at 7.97%$949.71
129,800 at 7.98%$950.62
129,800 at 7.99%$951.52
129,800 at 8%$952.43
More Amounts
What is the down payment for a $129,800 house? How much do you need to put down?
Percent Down Down Payment
1%1,298
2%2,596
3%3,894
4%5,192
5%6,490
6%7,788
7%9,086
8%10,384
9%11,682
10%12,980
11%14,278
12%15,576
13%16,874
14%18,172
15%19,470
16%20,768
17%22,066
18%23,364
19%24,662
20%25,960
Percent Down Down Payment
21%27,258
22%28,556
23%29,854
24%31,152
25%32,450
26%33,748
27%35,046
28%36,344
29%37,642
30%38,940
31%40,238
32%41,536
33%42,834
34%44,132
35%45,430
36%46,728
37%48,026
38%49,324
39%50,622
40%51,920
Percent Down Down Payment
41%53,218
42%54,516
43%55,814
44%57,112
45%58,410
46%59,708
47%61,006
48%62,304
49%63,602
50%64,900
51%66,198
52%67,496
53%68,794
54%70,092
55%71,390
56%72,688
57%73,986
58%75,284
59%76,582
60%77,880
Percent Down Down Payment
61%79,178
62%80,476
63%81,774
64%83,072
65%84,370
66%85,668
67%86,966
68%88,264
69%89,562
70%90,860
71%92,158
72%93,456
73%94,754
74%96,052
75%97,350
76%98,648
77%99,946
78%101,244
79%102,542
80%103,840
Percent Down Down Payment
81%105,138
82%106,436
83%107,734
84%109,032
85%110,330
86%111,628
87%112,926
88%114,224
89%115,522
90%116,820
91%118,118
92%119,416
93%120,714
94%122,012
95%123,310
96%124,608
97%125,906
98%127,204
99%128,502
100%129,800
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.