$130,300 Mortgage for 30 Years

What is the monthly payment of a 130,300 dollar loan?
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Loan Tables for a $130,300 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 $130,300 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
130,300 at 2.01%$482.27
130,300 at 2.02%$482.92
130,300 at 2.03%$483.57
130,300 at 2.04%$484.22
130,300 at 2.05%$484.88
130,300 at 2.06%$485.53
130,300 at 2.07%$486.19
130,300 at 2.08%$486.84
130,300 at 2.09%$487.50
130,300 at 2.1%$488.16
130,300 at 2.11%$488.81
130,300 at 2.12%$489.47
130,300 at 2.13%$490.13
130,300 at 2.14%$490.79
130,300 at 2.15%$491.45
130,300 at 2.16%$492.11
130,300 at 2.17%$492.77
130,300 at 2.18%$493.43
130,300 at 2.19%$494.09
130,300 at 2.2%$494.75
130,300 at 2.21%$495.41
130,300 at 2.22%$496.08
130,300 at 2.23%$496.74
130,300 at 2.24%$497.40
130,300 at 2.25%$498.07
130,300 at 2.26%$498.73
130,300 at 2.27%$499.40
130,300 at 2.28%$500.06
130,300 at 2.29%$500.73
130,300 at 2.3%$501.40
130,300 at 2.31%$502.06
130,300 at 2.32%$502.73
130,300 at 2.33%$503.40
130,300 at 2.34%$504.07
130,300 at 2.35%$504.74
130,300 at 2.36%$505.41
130,300 at 2.37%$506.08
130,300 at 2.38%$506.75
130,300 at 2.39%$507.42
130,300 at 2.4%$508.09
130,300 at 2.41%$508.77
130,300 at 2.42%$509.44
130,300 at 2.43%$510.11
130,300 at 2.44%$510.79
130,300 at 2.45%$511.46
130,300 at 2.46%$512.14
130,300 at 2.47%$512.81
130,300 at 2.48%$513.49
130,300 at 2.49%$514.17
130,300 at 2.5%$514.84
130,300 at 2.51%$515.52
130,300 at 2.52%$516.20
130,300 at 2.53%$516.88
130,300 at 2.54%$517.56
130,300 at 2.55%$518.24
130,300 at 2.56%$518.92
130,300 at 2.57%$519.60
130,300 at 2.58%$520.28
130,300 at 2.59%$520.96
130,300 at 2.6%$521.64
130,300 at 2.61%$522.33
130,300 at 2.62%$523.01
130,300 at 2.63%$523.69
130,300 at 2.64%$524.38
130,300 at 2.65%$525.06
130,300 at 2.66%$525.75
130,300 at 2.67%$526.43
130,300 at 2.68%$527.12
130,300 at 2.69%$527.81
130,300 at 2.7%$528.49
130,300 at 2.71%$529.18
130,300 at 2.72%$529.87
130,300 at 2.73%$530.56
130,300 at 2.74%$531.25
130,300 at 2.75%$531.94
130,300 at 2.76%$532.63
130,300 at 2.77%$533.32
130,300 at 2.78%$534.01
130,300 at 2.79%$534.70
130,300 at 2.8%$535.40
130,300 at 2.81%$536.09
130,300 at 2.82%$536.78
130,300 at 2.83%$537.48
130,300 at 2.84%$538.17
130,300 at 2.85%$538.87
130,300 at 2.86%$539.56
130,300 at 2.87%$540.26
130,300 at 2.88%$540.95
130,300 at 2.89%$541.65
130,300 at 2.9%$542.35
130,300 at 2.91%$543.05
130,300 at 2.92%$543.74
130,300 at 2.93%$544.44
130,300 at 2.94%$545.14
130,300 at 2.95%$545.84
130,300 at 2.96%$546.54
130,300 at 2.97%$547.24
130,300 at 2.98%$547.95
130,300 at 2.99%$548.65
130,300 at 3%$549.35
130,300 at 3.01%$550.05
130,300 at 3.02%$550.76
130,300 at 3.03%$551.46
130,300 at 3.04%$552.17
130,300 at 3.05%$552.87
130,300 at 3.06%$553.58
130,300 at 3.07%$554.28
130,300 at 3.08%$554.99
130,300 at 3.09%$555.69
130,300 at 3.1%$556.40
130,300 at 3.11%$557.11
130,300 at 3.12%$557.82
130,300 at 3.13%$558.53
130,300 at 3.14%$559.24
130,300 at 3.15%$559.95
130,300 at 3.16%$560.66
130,300 at 3.17%$561.37
130,300 at 3.18%$562.08
130,300 at 3.19%$562.79
130,300 at 3.2%$563.50
130,300 at 3.21%$564.22
130,300 at 3.22%$564.93
130,300 at 3.23%$565.64
130,300 at 3.24%$566.36
130,300 at 3.25%$567.07
130,300 at 3.26%$567.79
130,300 at 3.27%$568.51
130,300 at 3.28%$569.22
130,300 at 3.29%$569.94
130,300 at 3.3%$570.66
130,300 at 3.31%$571.37
130,300 at 3.32%$572.09
130,300 at 3.33%$572.81
130,300 at 3.34%$573.53
130,300 at 3.35%$574.25
130,300 at 3.36%$574.97
130,300 at 3.37%$575.69
130,300 at 3.38%$576.41
130,300 at 3.39%$577.13
130,300 at 3.4%$577.86
130,300 at 3.41%$578.58
130,300 at 3.42%$579.30
130,300 at 3.43%$580.03
130,300 at 3.44%$580.75
130,300 at 3.45%$581.47
130,300 at 3.46%$582.20
130,300 at 3.47%$582.93
130,300 at 3.48%$583.65
130,300 at 3.49%$584.38
130,300 at 3.5%$585.11
Interest Rate 30 Year
130,300 at 3.51%$585.83
130,300 at 3.52%$586.56
130,300 at 3.53%$587.29
130,300 at 3.54%$588.02
130,300 at 3.55%$588.75
130,300 at 3.56%$589.48
130,300 at 3.57%$590.21
130,300 at 3.58%$590.94
130,300 at 3.59%$591.67
130,300 at 3.6%$592.40
130,300 at 3.61%$593.14
130,300 at 3.62%$593.87
130,300 at 3.63%$594.60
130,300 at 3.64%$595.34
130,300 at 3.65%$596.07
130,300 at 3.66%$596.80
130,300 at 3.67%$597.54
130,300 at 3.68%$598.28
130,300 at 3.69%$599.01
130,300 at 3.7%$599.75
130,300 at 3.71%$600.49
130,300 at 3.72%$601.22
130,300 at 3.73%$601.96
130,300 at 3.74%$602.70
130,300 at 3.75%$603.44
130,300 at 3.76%$604.18
130,300 at 3.77%$604.92
130,300 at 3.78%$605.66
130,300 at 3.79%$606.40
130,300 at 3.8%$607.14
130,300 at 3.81%$607.88
130,300 at 3.82%$608.63
130,300 at 3.83%$609.37
130,300 at 3.84%$610.11
130,300 at 3.85%$610.86
130,300 at 3.86%$611.60
130,300 at 3.87%$612.35
130,300 at 3.88%$613.09
130,300 at 3.89%$613.84
130,300 at 3.9%$614.58
130,300 at 3.91%$615.33
130,300 at 3.92%$616.08
130,300 at 3.93%$616.83
130,300 at 3.94%$617.57
130,300 at 3.95%$618.32
130,300 at 3.96%$619.07
130,300 at 3.97%$619.82
130,300 at 3.98%$620.57
130,300 at 3.99%$621.32
130,300 at 4%$622.07
130,300 at 4.01%$622.82
130,300 at 4.02%$623.58
130,300 at 4.03%$624.33
130,300 at 4.04%$625.08
130,300 at 4.05%$625.83
130,300 at 4.06%$626.59
130,300 at 4.07%$627.34
130,300 at 4.08%$628.10
130,300 at 4.09%$628.85
130,300 at 4.1%$629.61
130,300 at 4.11%$630.36
130,300 at 4.12%$631.12
130,300 at 4.13%$631.88
130,300 at 4.14%$632.63
130,300 at 4.15%$633.39
130,300 at 4.16%$634.15
130,300 at 4.17%$634.91
130,300 at 4.18%$635.67
130,300 at 4.19%$636.43
130,300 at 4.2%$637.19
130,300 at 4.21%$637.95
130,300 at 4.22%$638.71
130,300 at 4.23%$639.47
130,300 at 4.24%$640.24
130,300 at 4.25%$641.00
130,300 at 4.26%$641.76
130,300 at 4.27%$642.52
130,300 at 4.28%$643.29
130,300 at 4.29%$644.05
130,300 at 4.3%$644.82
130,300 at 4.31%$645.58
130,300 at 4.32%$646.35
130,300 at 4.33%$647.11
130,300 at 4.34%$647.88
130,300 at 4.35%$648.65
130,300 at 4.36%$649.42
130,300 at 4.37%$650.18
130,300 at 4.38%$650.95
130,300 at 4.39%$651.72
130,300 at 4.4%$652.49
130,300 at 4.41%$653.26
130,300 at 4.42%$654.03
130,300 at 4.43%$654.80
130,300 at 4.44%$655.57
130,300 at 4.45%$656.35
130,300 at 4.46%$657.12
130,300 at 4.47%$657.89
130,300 at 4.48%$658.66
130,300 at 4.49%$659.44
130,300 at 4.5%$660.21
130,300 at 4.51%$660.99
130,300 at 4.52%$661.76
130,300 at 4.53%$662.54
130,300 at 4.54%$663.31
130,300 at 4.55%$664.09
130,300 at 4.56%$664.86
130,300 at 4.57%$665.64
130,300 at 4.58%$666.42
130,300 at 4.59%$667.20
130,300 at 4.6%$667.98
130,300 at 4.61%$668.75
130,300 at 4.62%$669.53
130,300 at 4.63%$670.31
130,300 at 4.64%$671.09
130,300 at 4.65%$671.87
130,300 at 4.66%$672.66
130,300 at 4.67%$673.44
130,300 at 4.68%$674.22
130,300 at 4.69%$675.00
130,300 at 4.7%$675.79
130,300 at 4.71%$676.57
130,300 at 4.72%$677.35
130,300 at 4.73%$678.14
130,300 at 4.74%$678.92
130,300 at 4.75%$679.71
130,300 at 4.76%$680.49
130,300 at 4.77%$681.28
130,300 at 4.78%$682.06
130,300 at 4.79%$682.85
130,300 at 4.8%$683.64
130,300 at 4.81%$684.43
130,300 at 4.82%$685.22
130,300 at 4.83%$686.00
130,300 at 4.84%$686.79
130,300 at 4.85%$687.58
130,300 at 4.86%$688.37
130,300 at 4.87%$689.16
130,300 at 4.88%$689.95
130,300 at 4.89%$690.75
130,300 at 4.9%$691.54
130,300 at 4.91%$692.33
130,300 at 4.92%$693.12
130,300 at 4.93%$693.91
130,300 at 4.94%$694.71
130,300 at 4.95%$695.50
130,300 at 4.96%$696.30
130,300 at 4.97%$697.09
130,300 at 4.98%$697.89
130,300 at 4.99%$698.68
130,300 at 5%$699.48
Interest Rate 30 Year
130,300 at 5.01%$700.28
130,300 at 5.02%$701.07
130,300 at 5.03%$701.87
130,300 at 5.04%$702.67
130,300 at 5.05%$703.47
130,300 at 5.06%$704.26
130,300 at 5.07%$705.06
130,300 at 5.08%$705.86
130,300 at 5.09%$706.66
130,300 at 5.1%$707.46
130,300 at 5.11%$708.26
130,300 at 5.12%$709.07
130,300 at 5.13%$709.87
130,300 at 5.14%$710.67
130,300 at 5.15%$711.47
130,300 at 5.16%$712.28
130,300 at 5.17%$713.08
130,300 at 5.18%$713.88
130,300 at 5.19%$714.69
130,300 at 5.2%$715.49
130,300 at 5.21%$716.30
130,300 at 5.22%$717.10
130,300 at 5.23%$717.91
130,300 at 5.24%$718.71
130,300 at 5.25%$719.52
130,300 at 5.26%$720.33
130,300 at 5.27%$721.14
130,300 at 5.28%$721.94
130,300 at 5.29%$722.75
130,300 at 5.3%$723.56
130,300 at 5.31%$724.37
130,300 at 5.32%$725.18
130,300 at 5.33%$725.99
130,300 at 5.34%$726.80
130,300 at 5.35%$727.61
130,300 at 5.36%$728.42
130,300 at 5.37%$729.24
130,300 at 5.38%$730.05
130,300 at 5.39%$730.86
130,300 at 5.4%$731.67
130,300 at 5.41%$732.49
130,300 at 5.42%$733.30
130,300 at 5.43%$734.12
130,300 at 5.44%$734.93
130,300 at 5.45%$735.75
130,300 at 5.46%$736.56
130,300 at 5.47%$737.38
130,300 at 5.48%$738.19
130,300 at 5.49%$739.01
130,300 at 5.5%$739.83
130,300 at 5.51%$740.65
130,300 at 5.52%$741.46
130,300 at 5.53%$742.28
130,300 at 5.54%$743.10
130,300 at 5.55%$743.92
130,300 at 5.56%$744.74
130,300 at 5.57%$745.56
130,300 at 5.58%$746.38
130,300 at 5.59%$747.20
130,300 at 5.6%$748.02
130,300 at 5.61%$748.85
130,300 at 5.62%$749.67
130,300 at 5.63%$750.49
130,300 at 5.64%$751.31
130,300 at 5.65%$752.14
130,300 at 5.66%$752.96
130,300 at 5.67%$753.79
130,300 at 5.68%$754.61
130,300 at 5.69%$755.44
130,300 at 5.7%$756.26
130,300 at 5.71%$757.09
130,300 at 5.72%$757.91
130,300 at 5.73%$758.74
130,300 at 5.74%$759.57
130,300 at 5.75%$760.40
130,300 at 5.76%$761.22
130,300 at 5.77%$762.05
130,300 at 5.78%$762.88
130,300 at 5.79%$763.71
130,300 at 5.8%$764.54
130,300 at 5.81%$765.37
130,300 at 5.82%$766.20
130,300 at 5.83%$767.03
130,300 at 5.84%$767.86
130,300 at 5.85%$768.69
130,300 at 5.86%$769.53
130,300 at 5.87%$770.36
130,300 at 5.88%$771.19
130,300 at 5.89%$772.02
130,300 at 5.9%$772.86
130,300 at 5.91%$773.69
130,300 at 5.92%$774.53
130,300 at 5.93%$775.36
130,300 at 5.94%$776.20
130,300 at 5.95%$777.03
130,300 at 5.96%$777.87
130,300 at 5.97%$778.70
130,300 at 5.98%$779.54
130,300 at 5.99%$780.38
130,300 at 6%$781.21
130,300 at 6.01%$782.05
130,300 at 6.02%$782.89
130,300 at 6.03%$783.73
130,300 at 6.04%$784.57
130,300 at 6.05%$785.41
130,300 at 6.06%$786.25
130,300 at 6.07%$787.09
130,300 at 6.08%$787.93
130,300 at 6.09%$788.77
130,300 at 6.1%$789.61
130,300 at 6.11%$790.45
130,300 at 6.12%$791.30
130,300 at 6.13%$792.14
130,300 at 6.14%$792.98
130,300 at 6.15%$793.82
130,300 at 6.16%$794.67
130,300 at 6.17%$795.51
130,300 at 6.18%$796.36
130,300 at 6.19%$797.20
130,300 at 6.2%$798.05
130,300 at 6.21%$798.89
130,300 at 6.22%$799.74
130,300 at 6.23%$800.59
130,300 at 6.24%$801.43
130,300 at 6.25%$802.28
130,300 at 6.26%$803.13
130,300 at 6.27%$803.98
130,300 at 6.28%$804.82
130,300 at 6.29%$805.67
130,300 at 6.3%$806.52
130,300 at 6.31%$807.37
130,300 at 6.32%$808.22
130,300 at 6.33%$809.07
130,300 at 6.34%$809.92
130,300 at 6.35%$810.77
130,300 at 6.36%$811.62
130,300 at 6.37%$812.48
130,300 at 6.38%$813.33
130,300 at 6.39%$814.18
130,300 at 6.4%$815.03
130,300 at 6.41%$815.89
130,300 at 6.42%$816.74
130,300 at 6.43%$817.60
130,300 at 6.44%$818.45
130,300 at 6.45%$819.30
130,300 at 6.46%$820.16
130,300 at 6.47%$821.02
130,300 at 6.48%$821.87
130,300 at 6.49%$822.73
130,300 at 6.5%$823.58
Interest Rate 30 Year
130,300 at 6.51%$824.44
130,300 at 6.52%$825.30
130,300 at 6.53%$826.16
130,300 at 6.54%$827.02
130,300 at 6.55%$827.87
130,300 at 6.56%$828.73
130,300 at 6.57%$829.59
130,300 at 6.58%$830.45
130,300 at 6.59%$831.31
130,300 at 6.6%$832.17
130,300 at 6.61%$833.03
130,300 at 6.62%$833.89
130,300 at 6.63%$834.76
130,300 at 6.64%$835.62
130,300 at 6.65%$836.48
130,300 at 6.66%$837.34
130,300 at 6.67%$838.21
130,300 at 6.68%$839.07
130,300 at 6.69%$839.93
130,300 at 6.7%$840.80
130,300 at 6.71%$841.66
130,300 at 6.72%$842.53
130,300 at 6.73%$843.39
130,300 at 6.74%$844.26
130,300 at 6.75%$845.12
130,300 at 6.76%$845.99
130,300 at 6.77%$846.86
130,300 at 6.78%$847.72
130,300 at 6.79%$848.59
130,300 at 6.8%$849.46
130,300 at 6.81%$850.33
130,300 at 6.82%$851.20
130,300 at 6.83%$852.06
130,300 at 6.84%$852.93
130,300 at 6.85%$853.80
130,300 at 6.86%$854.67
130,300 at 6.87%$855.54
130,300 at 6.88%$856.41
130,300 at 6.89%$857.28
130,300 at 6.9%$858.16
130,300 at 6.91%$859.03
130,300 at 6.92%$859.90
130,300 at 6.93%$860.77
130,300 at 6.94%$861.64
130,300 at 6.95%$862.52
130,300 at 6.96%$863.39
130,300 at 6.97%$864.27
130,300 at 6.98%$865.14
130,300 at 6.99%$866.01
130,300 at 7%$866.89
130,300 at 7.01%$867.76
130,300 at 7.02%$868.64
130,300 at 7.03%$869.52
130,300 at 7.04%$870.39
130,300 at 7.05%$871.27
130,300 at 7.06%$872.15
130,300 at 7.07%$873.02
130,300 at 7.08%$873.90
130,300 at 7.09%$874.78
130,300 at 7.1%$875.66
130,300 at 7.11%$876.54
130,300 at 7.12%$877.42
130,300 at 7.13%$878.30
130,300 at 7.14%$879.17
130,300 at 7.15%$880.06
130,300 at 7.16%$880.94
130,300 at 7.17%$881.82
130,300 at 7.18%$882.70
130,300 at 7.19%$883.58
130,300 at 7.2%$884.46
130,300 at 7.21%$885.34
130,300 at 7.22%$886.23
130,300 at 7.23%$887.11
130,300 at 7.24%$887.99
130,300 at 7.25%$888.88
130,300 at 7.26%$889.76
130,300 at 7.27%$890.64
130,300 at 7.28%$891.53
130,300 at 7.29%$892.41
130,300 at 7.3%$893.30
130,300 at 7.31%$894.18
130,300 at 7.32%$895.07
130,300 at 7.33%$895.96
130,300 at 7.34%$896.84
130,300 at 7.35%$897.73
130,300 at 7.36%$898.62
130,300 at 7.37%$899.51
130,300 at 7.38%$900.39
130,300 at 7.39%$901.28
130,300 at 7.4%$902.17
130,300 at 7.41%$903.06
130,300 at 7.42%$903.95
130,300 at 7.43%$904.84
130,300 at 7.44%$905.73
130,300 at 7.45%$906.62
130,300 at 7.46%$907.51
130,300 at 7.47%$908.40
130,300 at 7.48%$909.29
130,300 at 7.49%$910.18
130,300 at 7.5%$911.08
130,300 at 7.51%$911.97
130,300 at 7.52%$912.86
130,300 at 7.53%$913.75
130,300 at 7.54%$914.65
130,300 at 7.55%$915.54
130,300 at 7.56%$916.44
130,300 at 7.57%$917.33
130,300 at 7.58%$918.22
130,300 at 7.59%$919.12
130,300 at 7.6%$920.02
130,300 at 7.61%$920.91
130,300 at 7.62%$921.81
130,300 at 7.63%$922.70
130,300 at 7.64%$923.60
130,300 at 7.65%$924.50
130,300 at 7.66%$925.39
130,300 at 7.67%$926.29
130,300 at 7.68%$927.19
130,300 at 7.69%$928.09
130,300 at 7.7%$928.99
130,300 at 7.71%$929.89
130,300 at 7.72%$930.79
130,300 at 7.73%$931.68
130,300 at 7.74%$932.58
130,300 at 7.75%$933.49
130,300 at 7.76%$934.39
130,300 at 7.77%$935.29
130,300 at 7.78%$936.19
130,300 at 7.79%$937.09
130,300 at 7.8%$937.99
130,300 at 7.81%$938.89
130,300 at 7.82%$939.80
130,300 at 7.83%$940.70
130,300 at 7.84%$941.60
130,300 at 7.85%$942.51
130,300 at 7.86%$943.41
130,300 at 7.87%$944.31
130,300 at 7.88%$945.22
130,300 at 7.89%$946.12
130,300 at 7.9%$947.03
130,300 at 7.91%$947.93
130,300 at 7.92%$948.84
130,300 at 7.93%$949.74
130,300 at 7.94%$950.65
130,300 at 7.95%$951.56
130,300 at 7.96%$952.46
130,300 at 7.97%$953.37
130,300 at 7.98%$954.28
130,300 at 7.99%$955.19
130,300 at 8%$956.10
More Amounts
What is the down payment for a $130,300 house? How much do you need to put down?
Percent Down Down Payment
1%1,303
2%2,606
3%3,909
4%5,212
5%6,515
6%7,818
7%9,121
8%10,424
9%11,727
10%13,030
11%14,333
12%15,636
13%16,939
14%18,242
15%19,545
16%20,848
17%22,151
18%23,454
19%24,757
20%26,060
Percent Down Down Payment
21%27,363
22%28,666
23%29,969
24%31,272
25%32,575
26%33,878
27%35,181
28%36,484
29%37,787
30%39,090
31%40,393
32%41,696
33%42,999
34%44,302
35%45,605
36%46,908
37%48,211
38%49,514
39%50,817
40%52,120
Percent Down Down Payment
41%53,423
42%54,726
43%56,029
44%57,332
45%58,635
46%59,938
47%61,241
48%62,544
49%63,847
50%65,150
51%66,453
52%67,756
53%69,059
54%70,362
55%71,665
56%72,968
57%74,271
58%75,574
59%76,877
60%78,180
Percent Down Down Payment
61%79,483
62%80,786
63%82,089
64%83,392
65%84,695
66%85,998
67%87,301
68%88,604
69%89,907
70%91,210
71%92,513
72%93,816
73%95,119
74%96,422
75%97,725
76%99,028
77%100,331
78%101,634
79%102,937
80%104,240
Percent Down Down Payment
81%105,543
82%106,846
83%108,149
84%109,452
85%110,755
86%112,058
87%113,361
88%114,664
89%115,967
90%117,270
91%118,573
92%119,876
93%121,179
94%122,482
95%123,785
96%125,088
97%126,391
98%127,694
99%128,997
100%130,300
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.