$130,500 Mortgage for 30 Years

What is the monthly payment of a 130,500 dollar loan?
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Loan Tables for a $130,500 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 131k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $130,500 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
130,500 at 2.01%$483.01
130,500 at 2.02%$483.66
130,500 at 2.03%$484.31
130,500 at 2.04%$484.97
130,500 at 2.05%$485.62
130,500 at 2.06%$486.28
130,500 at 2.07%$486.93
130,500 at 2.08%$487.59
130,500 at 2.09%$488.25
130,500 at 2.1%$488.91
130,500 at 2.11%$489.56
130,500 at 2.12%$490.22
130,500 at 2.13%$490.88
130,500 at 2.14%$491.54
130,500 at 2.15%$492.20
130,500 at 2.16%$492.86
130,500 at 2.17%$493.52
130,500 at 2.18%$494.18
130,500 at 2.19%$494.85
130,500 at 2.2%$495.51
130,500 at 2.21%$496.17
130,500 at 2.22%$496.84
130,500 at 2.23%$497.50
130,500 at 2.24%$498.17
130,500 at 2.25%$498.83
130,500 at 2.26%$499.50
130,500 at 2.27%$500.16
130,500 at 2.28%$500.83
130,500 at 2.29%$501.50
130,500 at 2.3%$502.17
130,500 at 2.31%$502.83
130,500 at 2.32%$503.50
130,500 at 2.33%$504.17
130,500 at 2.34%$504.84
130,500 at 2.35%$505.51
130,500 at 2.36%$506.18
130,500 at 2.37%$506.86
130,500 at 2.38%$507.53
130,500 at 2.39%$508.20
130,500 at 2.4%$508.87
130,500 at 2.41%$509.55
130,500 at 2.42%$510.22
130,500 at 2.43%$510.90
130,500 at 2.44%$511.57
130,500 at 2.45%$512.25
130,500 at 2.46%$512.92
130,500 at 2.47%$513.60
130,500 at 2.48%$514.28
130,500 at 2.49%$514.95
130,500 at 2.5%$515.63
130,500 at 2.51%$516.31
130,500 at 2.52%$516.99
130,500 at 2.53%$517.67
130,500 at 2.54%$518.35
130,500 at 2.55%$519.03
130,500 at 2.56%$519.71
130,500 at 2.57%$520.39
130,500 at 2.58%$521.08
130,500 at 2.59%$521.76
130,500 at 2.6%$522.44
130,500 at 2.61%$523.13
130,500 at 2.62%$523.81
130,500 at 2.63%$524.50
130,500 at 2.64%$525.18
130,500 at 2.65%$525.87
130,500 at 2.66%$526.55
130,500 at 2.67%$527.24
130,500 at 2.68%$527.93
130,500 at 2.69%$528.62
130,500 at 2.7%$529.30
130,500 at 2.71%$529.99
130,500 at 2.72%$530.68
130,500 at 2.73%$531.37
130,500 at 2.74%$532.06
130,500 at 2.75%$532.75
130,500 at 2.76%$533.45
130,500 at 2.77%$534.14
130,500 at 2.78%$534.83
130,500 at 2.79%$535.52
130,500 at 2.8%$536.22
130,500 at 2.81%$536.91
130,500 at 2.82%$537.61
130,500 at 2.83%$538.30
130,500 at 2.84%$539.00
130,500 at 2.85%$539.69
130,500 at 2.86%$540.39
130,500 at 2.87%$541.09
130,500 at 2.88%$541.78
130,500 at 2.89%$542.48
130,500 at 2.9%$543.18
130,500 at 2.91%$543.88
130,500 at 2.92%$544.58
130,500 at 2.93%$545.28
130,500 at 2.94%$545.98
130,500 at 2.95%$546.68
130,500 at 2.96%$547.38
130,500 at 2.97%$548.08
130,500 at 2.98%$548.79
130,500 at 2.99%$549.49
130,500 at 3%$550.19
130,500 at 3.01%$550.90
130,500 at 3.02%$551.60
130,500 at 3.03%$552.31
130,500 at 3.04%$553.01
130,500 at 3.05%$553.72
130,500 at 3.06%$554.43
130,500 at 3.07%$555.13
130,500 at 3.08%$555.84
130,500 at 3.09%$556.55
130,500 at 3.1%$557.26
130,500 at 3.11%$557.97
130,500 at 3.12%$558.68
130,500 at 3.13%$559.39
130,500 at 3.14%$560.10
130,500 at 3.15%$560.81
130,500 at 3.16%$561.52
130,500 at 3.17%$562.23
130,500 at 3.18%$562.94
130,500 at 3.19%$563.66
130,500 at 3.2%$564.37
130,500 at 3.21%$565.08
130,500 at 3.22%$565.80
130,500 at 3.23%$566.51
130,500 at 3.24%$567.23
130,500 at 3.25%$567.94
130,500 at 3.26%$568.66
130,500 at 3.27%$569.38
130,500 at 3.28%$570.10
130,500 at 3.29%$570.81
130,500 at 3.3%$571.53
130,500 at 3.31%$572.25
130,500 at 3.32%$572.97
130,500 at 3.33%$573.69
130,500 at 3.34%$574.41
130,500 at 3.35%$575.13
130,500 at 3.36%$575.85
130,500 at 3.37%$576.57
130,500 at 3.38%$577.30
130,500 at 3.39%$578.02
130,500 at 3.4%$578.74
130,500 at 3.41%$579.47
130,500 at 3.42%$580.19
130,500 at 3.43%$580.92
130,500 at 3.44%$581.64
130,500 at 3.45%$582.37
130,500 at 3.46%$583.09
130,500 at 3.47%$583.82
130,500 at 3.48%$584.55
130,500 at 3.49%$585.28
130,500 at 3.5%$586.00
Interest Rate 30 Year
130,500 at 3.51%$586.73
130,500 at 3.52%$587.46
130,500 at 3.53%$588.19
130,500 at 3.54%$588.92
130,500 at 3.55%$589.65
130,500 at 3.56%$590.38
130,500 at 3.57%$591.11
130,500 at 3.58%$591.85
130,500 at 3.59%$592.58
130,500 at 3.6%$593.31
130,500 at 3.61%$594.05
130,500 at 3.62%$594.78
130,500 at 3.63%$595.51
130,500 at 3.64%$596.25
130,500 at 3.65%$596.98
130,500 at 3.66%$597.72
130,500 at 3.67%$598.46
130,500 at 3.68%$599.19
130,500 at 3.69%$599.93
130,500 at 3.7%$600.67
130,500 at 3.71%$601.41
130,500 at 3.72%$602.15
130,500 at 3.73%$602.89
130,500 at 3.74%$603.63
130,500 at 3.75%$604.37
130,500 at 3.76%$605.11
130,500 at 3.77%$605.85
130,500 at 3.78%$606.59
130,500 at 3.79%$607.33
130,500 at 3.8%$608.07
130,500 at 3.81%$608.82
130,500 at 3.82%$609.56
130,500 at 3.83%$610.31
130,500 at 3.84%$611.05
130,500 at 3.85%$611.79
130,500 at 3.86%$612.54
130,500 at 3.87%$613.29
130,500 at 3.88%$614.03
130,500 at 3.89%$614.78
130,500 at 3.9%$615.53
130,500 at 3.91%$616.27
130,500 at 3.92%$617.02
130,500 at 3.93%$617.77
130,500 at 3.94%$618.52
130,500 at 3.95%$619.27
130,500 at 3.96%$620.02
130,500 at 3.97%$620.77
130,500 at 3.98%$621.52
130,500 at 3.99%$622.27
130,500 at 4%$623.03
130,500 at 4.01%$623.78
130,500 at 4.02%$624.53
130,500 at 4.03%$625.29
130,500 at 4.04%$626.04
130,500 at 4.05%$626.79
130,500 at 4.06%$627.55
130,500 at 4.07%$628.30
130,500 at 4.08%$629.06
130,500 at 4.09%$629.82
130,500 at 4.1%$630.57
130,500 at 4.11%$631.33
130,500 at 4.12%$632.09
130,500 at 4.13%$632.85
130,500 at 4.14%$633.61
130,500 at 4.15%$634.36
130,500 at 4.16%$635.12
130,500 at 4.17%$635.88
130,500 at 4.18%$636.64
130,500 at 4.19%$637.41
130,500 at 4.2%$638.17
130,500 at 4.21%$638.93
130,500 at 4.22%$639.69
130,500 at 4.23%$640.45
130,500 at 4.24%$641.22
130,500 at 4.25%$641.98
130,500 at 4.26%$642.75
130,500 at 4.27%$643.51
130,500 at 4.28%$644.28
130,500 at 4.29%$645.04
130,500 at 4.3%$645.81
130,500 at 4.31%$646.57
130,500 at 4.32%$647.34
130,500 at 4.33%$648.11
130,500 at 4.34%$648.88
130,500 at 4.35%$649.64
130,500 at 4.36%$650.41
130,500 at 4.37%$651.18
130,500 at 4.38%$651.95
130,500 at 4.39%$652.72
130,500 at 4.4%$653.49
130,500 at 4.41%$654.26
130,500 at 4.42%$655.04
130,500 at 4.43%$655.81
130,500 at 4.44%$656.58
130,500 at 4.45%$657.35
130,500 at 4.46%$658.13
130,500 at 4.47%$658.90
130,500 at 4.48%$659.67
130,500 at 4.49%$660.45
130,500 at 4.5%$661.22
130,500 at 4.51%$662.00
130,500 at 4.52%$662.78
130,500 at 4.53%$663.55
130,500 at 4.54%$664.33
130,500 at 4.55%$665.11
130,500 at 4.56%$665.88
130,500 at 4.57%$666.66
130,500 at 4.58%$667.44
130,500 at 4.59%$668.22
130,500 at 4.6%$669.00
130,500 at 4.61%$669.78
130,500 at 4.62%$670.56
130,500 at 4.63%$671.34
130,500 at 4.64%$672.12
130,500 at 4.65%$672.91
130,500 at 4.66%$673.69
130,500 at 4.67%$674.47
130,500 at 4.68%$675.25
130,500 at 4.69%$676.04
130,500 at 4.7%$676.82
130,500 at 4.71%$677.61
130,500 at 4.72%$678.39
130,500 at 4.73%$679.18
130,500 at 4.74%$679.96
130,500 at 4.75%$680.75
130,500 at 4.76%$681.54
130,500 at 4.77%$682.32
130,500 at 4.78%$683.11
130,500 at 4.79%$683.90
130,500 at 4.8%$684.69
130,500 at 4.81%$685.48
130,500 at 4.82%$686.27
130,500 at 4.83%$687.06
130,500 at 4.84%$687.85
130,500 at 4.85%$688.64
130,500 at 4.86%$689.43
130,500 at 4.87%$690.22
130,500 at 4.88%$691.01
130,500 at 4.89%$691.81
130,500 at 4.9%$692.60
130,500 at 4.91%$693.39
130,500 at 4.92%$694.19
130,500 at 4.93%$694.98
130,500 at 4.94%$695.77
130,500 at 4.95%$696.57
130,500 at 4.96%$697.37
130,500 at 4.97%$698.16
130,500 at 4.98%$698.96
130,500 at 4.99%$699.75
130,500 at 5%$700.55
Interest Rate 30 Year
130,500 at 5.01%$701.35
130,500 at 5.02%$702.15
130,500 at 5.03%$702.95
130,500 at 5.04%$703.75
130,500 at 5.05%$704.55
130,500 at 5.06%$705.35
130,500 at 5.07%$706.15
130,500 at 5.08%$706.95
130,500 at 5.09%$707.75
130,500 at 5.1%$708.55
130,500 at 5.11%$709.35
130,500 at 5.12%$710.15
130,500 at 5.13%$710.96
130,500 at 5.14%$711.76
130,500 at 5.15%$712.56
130,500 at 5.16%$713.37
130,500 at 5.17%$714.17
130,500 at 5.18%$714.98
130,500 at 5.19%$715.78
130,500 at 5.2%$716.59
130,500 at 5.21%$717.40
130,500 at 5.22%$718.20
130,500 at 5.23%$719.01
130,500 at 5.24%$719.82
130,500 at 5.25%$720.63
130,500 at 5.26%$721.43
130,500 at 5.27%$722.24
130,500 at 5.28%$723.05
130,500 at 5.29%$723.86
130,500 at 5.3%$724.67
130,500 at 5.31%$725.48
130,500 at 5.32%$726.29
130,500 at 5.33%$727.11
130,500 at 5.34%$727.92
130,500 at 5.35%$728.73
130,500 at 5.36%$729.54
130,500 at 5.37%$730.36
130,500 at 5.38%$731.17
130,500 at 5.39%$731.98
130,500 at 5.4%$732.80
130,500 at 5.41%$733.61
130,500 at 5.42%$734.43
130,500 at 5.43%$735.24
130,500 at 5.44%$736.06
130,500 at 5.45%$736.88
130,500 at 5.46%$737.69
130,500 at 5.47%$738.51
130,500 at 5.48%$739.33
130,500 at 5.49%$740.15
130,500 at 5.5%$740.96
130,500 at 5.51%$741.78
130,500 at 5.52%$742.60
130,500 at 5.53%$743.42
130,500 at 5.54%$744.24
130,500 at 5.55%$745.06
130,500 at 5.56%$745.88
130,500 at 5.57%$746.71
130,500 at 5.58%$747.53
130,500 at 5.59%$748.35
130,500 at 5.6%$749.17
130,500 at 5.61%$750.00
130,500 at 5.62%$750.82
130,500 at 5.63%$751.64
130,500 at 5.64%$752.47
130,500 at 5.65%$753.29
130,500 at 5.66%$754.12
130,500 at 5.67%$754.94
130,500 at 5.68%$755.77
130,500 at 5.69%$756.60
130,500 at 5.7%$757.42
130,500 at 5.71%$758.25
130,500 at 5.72%$759.08
130,500 at 5.73%$759.91
130,500 at 5.74%$760.73
130,500 at 5.75%$761.56
130,500 at 5.76%$762.39
130,500 at 5.77%$763.22
130,500 at 5.78%$764.05
130,500 at 5.79%$764.88
130,500 at 5.8%$765.71
130,500 at 5.81%$766.54
130,500 at 5.82%$767.38
130,500 at 5.83%$768.21
130,500 at 5.84%$769.04
130,500 at 5.85%$769.87
130,500 at 5.86%$770.71
130,500 at 5.87%$771.54
130,500 at 5.88%$772.37
130,500 at 5.89%$773.21
130,500 at 5.9%$774.04
130,500 at 5.91%$774.88
130,500 at 5.92%$775.71
130,500 at 5.93%$776.55
130,500 at 5.94%$777.39
130,500 at 5.95%$778.22
130,500 at 5.96%$779.06
130,500 at 5.97%$779.90
130,500 at 5.98%$780.74
130,500 at 5.99%$781.57
130,500 at 6%$782.41
130,500 at 6.01%$783.25
130,500 at 6.02%$784.09
130,500 at 6.03%$784.93
130,500 at 6.04%$785.77
130,500 at 6.05%$786.61
130,500 at 6.06%$787.45
130,500 at 6.07%$788.30
130,500 at 6.08%$789.14
130,500 at 6.09%$789.98
130,500 at 6.1%$790.82
130,500 at 6.11%$791.67
130,500 at 6.12%$792.51
130,500 at 6.13%$793.35
130,500 at 6.14%$794.20
130,500 at 6.15%$795.04
130,500 at 6.16%$795.89
130,500 at 6.17%$796.73
130,500 at 6.18%$797.58
130,500 at 6.19%$798.43
130,500 at 6.2%$799.27
130,500 at 6.21%$800.12
130,500 at 6.22%$800.97
130,500 at 6.23%$801.81
130,500 at 6.24%$802.66
130,500 at 6.25%$803.51
130,500 at 6.26%$804.36
130,500 at 6.27%$805.21
130,500 at 6.28%$806.06
130,500 at 6.29%$806.91
130,500 at 6.3%$807.76
130,500 at 6.31%$808.61
130,500 at 6.32%$809.46
130,500 at 6.33%$810.31
130,500 at 6.34%$811.17
130,500 at 6.35%$812.02
130,500 at 6.36%$812.87
130,500 at 6.37%$813.72
130,500 at 6.38%$814.58
130,500 at 6.39%$815.43
130,500 at 6.4%$816.29
130,500 at 6.41%$817.14
130,500 at 6.42%$817.99
130,500 at 6.43%$818.85
130,500 at 6.44%$819.71
130,500 at 6.45%$820.56
130,500 at 6.46%$821.42
130,500 at 6.47%$822.28
130,500 at 6.48%$823.13
130,500 at 6.49%$823.99
130,500 at 6.5%$824.85
Interest Rate 30 Year
130,500 at 6.51%$825.71
130,500 at 6.52%$826.57
130,500 at 6.53%$827.43
130,500 at 6.54%$828.28
130,500 at 6.55%$829.14
130,500 at 6.56%$830.00
130,500 at 6.57%$830.87
130,500 at 6.58%$831.73
130,500 at 6.59%$832.59
130,500 at 6.6%$833.45
130,500 at 6.61%$834.31
130,500 at 6.62%$835.17
130,500 at 6.63%$836.04
130,500 at 6.64%$836.90
130,500 at 6.65%$837.76
130,500 at 6.66%$838.63
130,500 at 6.67%$839.49
130,500 at 6.68%$840.36
130,500 at 6.69%$841.22
130,500 at 6.7%$842.09
130,500 at 6.71%$842.95
130,500 at 6.72%$843.82
130,500 at 6.73%$844.69
130,500 at 6.74%$845.55
130,500 at 6.75%$846.42
130,500 at 6.76%$847.29
130,500 at 6.77%$848.16
130,500 at 6.78%$849.02
130,500 at 6.79%$849.89
130,500 at 6.8%$850.76
130,500 at 6.81%$851.63
130,500 at 6.82%$852.50
130,500 at 6.83%$853.37
130,500 at 6.84%$854.24
130,500 at 6.85%$855.11
130,500 at 6.86%$855.98
130,500 at 6.87%$856.86
130,500 at 6.88%$857.73
130,500 at 6.89%$858.60
130,500 at 6.9%$859.47
130,500 at 6.91%$860.35
130,500 at 6.92%$861.22
130,500 at 6.93%$862.09
130,500 at 6.94%$862.97
130,500 at 6.95%$863.84
130,500 at 6.96%$864.72
130,500 at 6.97%$865.59
130,500 at 6.98%$866.47
130,500 at 6.99%$867.34
130,500 at 7%$868.22
130,500 at 7.01%$869.10
130,500 at 7.02%$869.97
130,500 at 7.03%$870.85
130,500 at 7.04%$871.73
130,500 at 7.05%$872.61
130,500 at 7.06%$873.48
130,500 at 7.07%$874.36
130,500 at 7.08%$875.24
130,500 at 7.09%$876.12
130,500 at 7.1%$877.00
130,500 at 7.11%$877.88
130,500 at 7.12%$878.76
130,500 at 7.13%$879.64
130,500 at 7.14%$880.52
130,500 at 7.15%$881.41
130,500 at 7.16%$882.29
130,500 at 7.17%$883.17
130,500 at 7.18%$884.05
130,500 at 7.19%$884.94
130,500 at 7.2%$885.82
130,500 at 7.21%$886.70
130,500 at 7.22%$887.59
130,500 at 7.23%$888.47
130,500 at 7.24%$889.36
130,500 at 7.25%$890.24
130,500 at 7.26%$891.13
130,500 at 7.27%$892.01
130,500 at 7.28%$892.90
130,500 at 7.29%$893.78
130,500 at 7.3%$894.67
130,500 at 7.31%$895.56
130,500 at 7.32%$896.44
130,500 at 7.33%$897.33
130,500 at 7.34%$898.22
130,500 at 7.35%$899.11
130,500 at 7.36%$900.00
130,500 at 7.37%$900.89
130,500 at 7.38%$901.78
130,500 at 7.39%$902.67
130,500 at 7.4%$903.56
130,500 at 7.41%$904.45
130,500 at 7.42%$905.34
130,500 at 7.43%$906.23
130,500 at 7.44%$907.12
130,500 at 7.45%$908.01
130,500 at 7.46%$908.90
130,500 at 7.47%$909.80
130,500 at 7.48%$910.69
130,500 at 7.49%$911.58
130,500 at 7.5%$912.47
130,500 at 7.51%$913.37
130,500 at 7.52%$914.26
130,500 at 7.53%$915.16
130,500 at 7.54%$916.05
130,500 at 7.55%$916.95
130,500 at 7.56%$917.84
130,500 at 7.57%$918.74
130,500 at 7.58%$919.63
130,500 at 7.59%$920.53
130,500 at 7.6%$921.43
130,500 at 7.61%$922.32
130,500 at 7.62%$923.22
130,500 at 7.63%$924.12
130,500 at 7.64%$925.02
130,500 at 7.65%$925.92
130,500 at 7.66%$926.81
130,500 at 7.67%$927.71
130,500 at 7.68%$928.61
130,500 at 7.69%$929.51
130,500 at 7.7%$930.41
130,500 at 7.71%$931.31
130,500 at 7.72%$932.21
130,500 at 7.73%$933.12
130,500 at 7.74%$934.02
130,500 at 7.75%$934.92
130,500 at 7.76%$935.82
130,500 at 7.77%$936.72
130,500 at 7.78%$937.62
130,500 at 7.79%$938.53
130,500 at 7.8%$939.43
130,500 at 7.81%$940.33
130,500 at 7.82%$941.24
130,500 at 7.83%$942.14
130,500 at 7.84%$943.05
130,500 at 7.85%$943.95
130,500 at 7.86%$944.86
130,500 at 7.87%$945.76
130,500 at 7.88%$946.67
130,500 at 7.89%$947.57
130,500 at 7.9%$948.48
130,500 at 7.91%$949.39
130,500 at 7.92%$950.29
130,500 at 7.93%$951.20
130,500 at 7.94%$952.11
130,500 at 7.95%$953.02
130,500 at 7.96%$953.93
130,500 at 7.97%$954.83
130,500 at 7.98%$955.74
130,500 at 7.99%$956.65
130,500 at 8%$957.56
More Amounts
What is the down payment for a $130,500 house? How much do you need to put down?
Percent Down Down Payment
1%1,305
2%2,610
3%3,915
4%5,220
5%6,525
6%7,830
7%9,135
8%10,440
9%11,745
10%13,050
11%14,355
12%15,660
13%16,965
14%18,270
15%19,575
16%20,880
17%22,185
18%23,490
19%24,795
20%26,100
Percent Down Down Payment
21%27,405
22%28,710
23%30,015
24%31,320
25%32,625
26%33,930
27%35,235
28%36,540
29%37,845
30%39,150
31%40,455
32%41,760
33%43,065
34%44,370
35%45,675
36%46,980
37%48,285
38%49,590
39%50,895
40%52,200
Percent Down Down Payment
41%53,505
42%54,810
43%56,115
44%57,420
45%58,725
46%60,030
47%61,335
48%62,640
49%63,945
50%65,250
51%66,555
52%67,860
53%69,165
54%70,470
55%71,775
56%73,080
57%74,385
58%75,690
59%76,995
60%78,300
Percent Down Down Payment
61%79,605
62%80,910
63%82,215
64%83,520
65%84,825
66%86,130
67%87,435
68%88,740
69%90,045
70%91,350
71%92,655
72%93,960
73%95,265
74%96,570
75%97,875
76%99,180
77%100,485
78%101,790
79%103,095
80%104,400
Percent Down Down Payment
81%105,705
82%107,010
83%108,315
84%109,620
85%110,925
86%112,230
87%113,535
88%114,840
89%116,145
90%117,450
91%118,755
92%120,060
93%121,365
94%122,670
95%123,975
96%125,280
97%126,585
98%127,890
99%129,195
100%130,500
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.