$131,600 Mortgage for 30 Years

What is the monthly payment of a 131,600 dollar loan?
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Loan Tables for a $131,600 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 132k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $131,600 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
131,600 at 2.01%$487.08
131,600 at 2.02%$487.74
131,600 at 2.03%$488.40
131,600 at 2.04%$489.06
131,600 at 2.05%$489.72
131,600 at 2.06%$490.38
131,600 at 2.07%$491.04
131,600 at 2.08%$491.70
131,600 at 2.09%$492.36
131,600 at 2.1%$493.03
131,600 at 2.11%$493.69
131,600 at 2.12%$494.35
131,600 at 2.13%$495.02
131,600 at 2.14%$495.68
131,600 at 2.15%$496.35
131,600 at 2.16%$497.02
131,600 at 2.17%$497.68
131,600 at 2.18%$498.35
131,600 at 2.19%$499.02
131,600 at 2.2%$499.69
131,600 at 2.21%$500.36
131,600 at 2.22%$501.02
131,600 at 2.23%$501.69
131,600 at 2.24%$502.36
131,600 at 2.25%$503.04
131,600 at 2.26%$503.71
131,600 at 2.27%$504.38
131,600 at 2.28%$505.05
131,600 at 2.29%$505.72
131,600 at 2.3%$506.40
131,600 at 2.31%$507.07
131,600 at 2.32%$507.75
131,600 at 2.33%$508.42
131,600 at 2.34%$509.10
131,600 at 2.35%$509.77
131,600 at 2.36%$510.45
131,600 at 2.37%$511.13
131,600 at 2.38%$511.81
131,600 at 2.39%$512.48
131,600 at 2.4%$513.16
131,600 at 2.41%$513.84
131,600 at 2.42%$514.52
131,600 at 2.43%$515.20
131,600 at 2.44%$515.88
131,600 at 2.45%$516.56
131,600 at 2.46%$517.25
131,600 at 2.47%$517.93
131,600 at 2.48%$518.61
131,600 at 2.49%$519.30
131,600 at 2.5%$519.98
131,600 at 2.51%$520.66
131,600 at 2.52%$521.35
131,600 at 2.53%$522.03
131,600 at 2.54%$522.72
131,600 at 2.55%$523.41
131,600 at 2.56%$524.09
131,600 at 2.57%$524.78
131,600 at 2.58%$525.47
131,600 at 2.59%$526.16
131,600 at 2.6%$526.85
131,600 at 2.61%$527.54
131,600 at 2.62%$528.23
131,600 at 2.63%$528.92
131,600 at 2.64%$529.61
131,600 at 2.65%$530.30
131,600 at 2.66%$530.99
131,600 at 2.67%$531.69
131,600 at 2.68%$532.38
131,600 at 2.69%$533.07
131,600 at 2.7%$533.77
131,600 at 2.71%$534.46
131,600 at 2.72%$535.16
131,600 at 2.73%$535.85
131,600 at 2.74%$536.55
131,600 at 2.75%$537.25
131,600 at 2.76%$537.94
131,600 at 2.77%$538.64
131,600 at 2.78%$539.34
131,600 at 2.79%$540.04
131,600 at 2.8%$540.74
131,600 at 2.81%$541.44
131,600 at 2.82%$542.14
131,600 at 2.83%$542.84
131,600 at 2.84%$543.54
131,600 at 2.85%$544.24
131,600 at 2.86%$544.94
131,600 at 2.87%$545.65
131,600 at 2.88%$546.35
131,600 at 2.89%$547.05
131,600 at 2.9%$547.76
131,600 at 2.91%$548.46
131,600 at 2.92%$549.17
131,600 at 2.93%$549.88
131,600 at 2.94%$550.58
131,600 at 2.95%$551.29
131,600 at 2.96%$552.00
131,600 at 2.97%$552.70
131,600 at 2.98%$553.41
131,600 at 2.99%$554.12
131,600 at 3%$554.83
131,600 at 3.01%$555.54
131,600 at 3.02%$556.25
131,600 at 3.03%$556.96
131,600 at 3.04%$557.67
131,600 at 3.05%$558.39
131,600 at 3.06%$559.10
131,600 at 3.07%$559.81
131,600 at 3.08%$560.53
131,600 at 3.09%$561.24
131,600 at 3.1%$561.95
131,600 at 3.11%$562.67
131,600 at 3.12%$563.38
131,600 at 3.13%$564.10
131,600 at 3.14%$564.82
131,600 at 3.15%$565.53
131,600 at 3.16%$566.25
131,600 at 3.17%$566.97
131,600 at 3.18%$567.69
131,600 at 3.19%$568.41
131,600 at 3.2%$569.13
131,600 at 3.21%$569.85
131,600 at 3.22%$570.57
131,600 at 3.23%$571.29
131,600 at 3.24%$572.01
131,600 at 3.25%$572.73
131,600 at 3.26%$573.45
131,600 at 3.27%$574.18
131,600 at 3.28%$574.90
131,600 at 3.29%$575.62
131,600 at 3.3%$576.35
131,600 at 3.31%$577.07
131,600 at 3.32%$577.80
131,600 at 3.33%$578.53
131,600 at 3.34%$579.25
131,600 at 3.35%$579.98
131,600 at 3.36%$580.71
131,600 at 3.37%$581.43
131,600 at 3.38%$582.16
131,600 at 3.39%$582.89
131,600 at 3.4%$583.62
131,600 at 3.41%$584.35
131,600 at 3.42%$585.08
131,600 at 3.43%$585.81
131,600 at 3.44%$586.54
131,600 at 3.45%$587.28
131,600 at 3.46%$588.01
131,600 at 3.47%$588.74
131,600 at 3.48%$589.47
131,600 at 3.49%$590.21
131,600 at 3.5%$590.94
Interest Rate 30 Year
131,600 at 3.51%$591.68
131,600 at 3.52%$592.41
131,600 at 3.53%$593.15
131,600 at 3.54%$593.89
131,600 at 3.55%$594.62
131,600 at 3.56%$595.36
131,600 at 3.57%$596.10
131,600 at 3.58%$596.84
131,600 at 3.59%$597.57
131,600 at 3.6%$598.31
131,600 at 3.61%$599.05
131,600 at 3.62%$599.79
131,600 at 3.63%$600.53
131,600 at 3.64%$601.28
131,600 at 3.65%$602.02
131,600 at 3.66%$602.76
131,600 at 3.67%$603.50
131,600 at 3.68%$604.24
131,600 at 3.69%$604.99
131,600 at 3.7%$605.73
131,600 at 3.71%$606.48
131,600 at 3.72%$607.22
131,600 at 3.73%$607.97
131,600 at 3.74%$608.71
131,600 at 3.75%$609.46
131,600 at 3.76%$610.21
131,600 at 3.77%$610.95
131,600 at 3.78%$611.70
131,600 at 3.79%$612.45
131,600 at 3.8%$613.20
131,600 at 3.81%$613.95
131,600 at 3.82%$614.70
131,600 at 3.83%$615.45
131,600 at 3.84%$616.20
131,600 at 3.85%$616.95
131,600 at 3.86%$617.70
131,600 at 3.87%$618.46
131,600 at 3.88%$619.21
131,600 at 3.89%$619.96
131,600 at 3.9%$620.72
131,600 at 3.91%$621.47
131,600 at 3.92%$622.22
131,600 at 3.93%$622.98
131,600 at 3.94%$623.73
131,600 at 3.95%$624.49
131,600 at 3.96%$625.25
131,600 at 3.97%$626.00
131,600 at 3.98%$626.76
131,600 at 3.99%$627.52
131,600 at 4%$628.28
131,600 at 4.01%$629.04
131,600 at 4.02%$629.80
131,600 at 4.03%$630.56
131,600 at 4.04%$631.32
131,600 at 4.05%$632.08
131,600 at 4.06%$632.84
131,600 at 4.07%$633.60
131,600 at 4.08%$634.36
131,600 at 4.09%$635.13
131,600 at 4.1%$635.89
131,600 at 4.11%$636.65
131,600 at 4.12%$637.42
131,600 at 4.13%$638.18
131,600 at 4.14%$638.95
131,600 at 4.15%$639.71
131,600 at 4.16%$640.48
131,600 at 4.17%$641.24
131,600 at 4.18%$642.01
131,600 at 4.19%$642.78
131,600 at 4.2%$643.55
131,600 at 4.21%$644.31
131,600 at 4.22%$645.08
131,600 at 4.23%$645.85
131,600 at 4.24%$646.62
131,600 at 4.25%$647.39
131,600 at 4.26%$648.16
131,600 at 4.27%$648.93
131,600 at 4.28%$649.71
131,600 at 4.29%$650.48
131,600 at 4.3%$651.25
131,600 at 4.31%$652.02
131,600 at 4.32%$652.80
131,600 at 4.33%$653.57
131,600 at 4.34%$654.35
131,600 at 4.35%$655.12
131,600 at 4.36%$655.90
131,600 at 4.37%$656.67
131,600 at 4.38%$657.45
131,600 at 4.39%$658.22
131,600 at 4.4%$659.00
131,600 at 4.41%$659.78
131,600 at 4.42%$660.56
131,600 at 4.43%$661.34
131,600 at 4.44%$662.11
131,600 at 4.45%$662.89
131,600 at 4.46%$663.67
131,600 at 4.47%$664.45
131,600 at 4.48%$665.23
131,600 at 4.49%$666.02
131,600 at 4.5%$666.80
131,600 at 4.51%$667.58
131,600 at 4.52%$668.36
131,600 at 4.53%$669.15
131,600 at 4.54%$669.93
131,600 at 4.55%$670.71
131,600 at 4.56%$671.50
131,600 at 4.57%$672.28
131,600 at 4.58%$673.07
131,600 at 4.59%$673.85
131,600 at 4.6%$674.64
131,600 at 4.61%$675.43
131,600 at 4.62%$676.21
131,600 at 4.63%$677.00
131,600 at 4.64%$677.79
131,600 at 4.65%$678.58
131,600 at 4.66%$679.37
131,600 at 4.67%$680.16
131,600 at 4.68%$680.95
131,600 at 4.69%$681.74
131,600 at 4.7%$682.53
131,600 at 4.71%$683.32
131,600 at 4.72%$684.11
131,600 at 4.73%$684.90
131,600 at 4.74%$685.69
131,600 at 4.75%$686.49
131,600 at 4.76%$687.28
131,600 at 4.77%$688.08
131,600 at 4.78%$688.87
131,600 at 4.79%$689.66
131,600 at 4.8%$690.46
131,600 at 4.81%$691.26
131,600 at 4.82%$692.05
131,600 at 4.83%$692.85
131,600 at 4.84%$693.64
131,600 at 4.85%$694.44
131,600 at 4.86%$695.24
131,600 at 4.87%$696.04
131,600 at 4.88%$696.84
131,600 at 4.89%$697.64
131,600 at 4.9%$698.44
131,600 at 4.91%$699.24
131,600 at 4.92%$700.04
131,600 at 4.93%$700.84
131,600 at 4.94%$701.64
131,600 at 4.95%$702.44
131,600 at 4.96%$703.24
131,600 at 4.97%$704.05
131,600 at 4.98%$704.85
131,600 at 4.99%$705.65
131,600 at 5%$706.46
Interest Rate 30 Year
131,600 at 5.01%$707.26
131,600 at 5.02%$708.07
131,600 at 5.03%$708.87
131,600 at 5.04%$709.68
131,600 at 5.05%$710.48
131,600 at 5.06%$711.29
131,600 at 5.07%$712.10
131,600 at 5.08%$712.91
131,600 at 5.09%$713.71
131,600 at 5.1%$714.52
131,600 at 5.11%$715.33
131,600 at 5.12%$716.14
131,600 at 5.13%$716.95
131,600 at 5.14%$717.76
131,600 at 5.15%$718.57
131,600 at 5.16%$719.38
131,600 at 5.17%$720.19
131,600 at 5.18%$721.00
131,600 at 5.19%$721.82
131,600 at 5.2%$722.63
131,600 at 5.21%$723.44
131,600 at 5.22%$724.26
131,600 at 5.23%$725.07
131,600 at 5.24%$725.89
131,600 at 5.25%$726.70
131,600 at 5.26%$727.52
131,600 at 5.27%$728.33
131,600 at 5.28%$729.15
131,600 at 5.29%$729.96
131,600 at 5.3%$730.78
131,600 at 5.31%$731.60
131,600 at 5.32%$732.42
131,600 at 5.33%$733.23
131,600 at 5.34%$734.05
131,600 at 5.35%$734.87
131,600 at 5.36%$735.69
131,600 at 5.37%$736.51
131,600 at 5.38%$737.33
131,600 at 5.39%$738.15
131,600 at 5.4%$738.97
131,600 at 5.41%$739.80
131,600 at 5.42%$740.62
131,600 at 5.43%$741.44
131,600 at 5.44%$742.26
131,600 at 5.45%$743.09
131,600 at 5.46%$743.91
131,600 at 5.47%$744.74
131,600 at 5.48%$745.56
131,600 at 5.49%$746.38
131,600 at 5.5%$747.21
131,600 at 5.51%$748.04
131,600 at 5.52%$748.86
131,600 at 5.53%$749.69
131,600 at 5.54%$750.52
131,600 at 5.55%$751.34
131,600 at 5.56%$752.17
131,600 at 5.57%$753.00
131,600 at 5.58%$753.83
131,600 at 5.59%$754.66
131,600 at 5.6%$755.49
131,600 at 5.61%$756.32
131,600 at 5.62%$757.15
131,600 at 5.63%$757.98
131,600 at 5.64%$758.81
131,600 at 5.65%$759.64
131,600 at 5.66%$760.47
131,600 at 5.67%$761.31
131,600 at 5.68%$762.14
131,600 at 5.69%$762.97
131,600 at 5.7%$763.81
131,600 at 5.71%$764.64
131,600 at 5.72%$765.48
131,600 at 5.73%$766.31
131,600 at 5.74%$767.15
131,600 at 5.75%$767.98
131,600 at 5.76%$768.82
131,600 at 5.77%$769.65
131,600 at 5.78%$770.49
131,600 at 5.79%$771.33
131,600 at 5.8%$772.17
131,600 at 5.81%$773.01
131,600 at 5.82%$773.84
131,600 at 5.83%$774.68
131,600 at 5.84%$775.52
131,600 at 5.85%$776.36
131,600 at 5.86%$777.20
131,600 at 5.87%$778.04
131,600 at 5.88%$778.88
131,600 at 5.89%$779.73
131,600 at 5.9%$780.57
131,600 at 5.91%$781.41
131,600 at 5.92%$782.25
131,600 at 5.93%$783.10
131,600 at 5.94%$783.94
131,600 at 5.95%$784.78
131,600 at 5.96%$785.63
131,600 at 5.97%$786.47
131,600 at 5.98%$787.32
131,600 at 5.99%$788.16
131,600 at 6%$789.01
131,600 at 6.01%$789.85
131,600 at 6.02%$790.70
131,600 at 6.03%$791.55
131,600 at 6.04%$792.40
131,600 at 6.05%$793.24
131,600 at 6.06%$794.09
131,600 at 6.07%$794.94
131,600 at 6.08%$795.79
131,600 at 6.09%$796.64
131,600 at 6.1%$797.49
131,600 at 6.11%$798.34
131,600 at 6.12%$799.19
131,600 at 6.13%$800.04
131,600 at 6.14%$800.89
131,600 at 6.15%$801.74
131,600 at 6.16%$802.60
131,600 at 6.17%$803.45
131,600 at 6.18%$804.30
131,600 at 6.19%$805.16
131,600 at 6.2%$806.01
131,600 at 6.21%$806.86
131,600 at 6.22%$807.72
131,600 at 6.23%$808.57
131,600 at 6.24%$809.43
131,600 at 6.25%$810.28
131,600 at 6.26%$811.14
131,600 at 6.27%$812.00
131,600 at 6.28%$812.85
131,600 at 6.29%$813.71
131,600 at 6.3%$814.57
131,600 at 6.31%$815.43
131,600 at 6.32%$816.28
131,600 at 6.33%$817.14
131,600 at 6.34%$818.00
131,600 at 6.35%$818.86
131,600 at 6.36%$819.72
131,600 at 6.37%$820.58
131,600 at 6.38%$821.44
131,600 at 6.39%$822.30
131,600 at 6.4%$823.17
131,600 at 6.41%$824.03
131,600 at 6.42%$824.89
131,600 at 6.43%$825.75
131,600 at 6.44%$826.62
131,600 at 6.45%$827.48
131,600 at 6.46%$828.34
131,600 at 6.47%$829.21
131,600 at 6.48%$830.07
131,600 at 6.49%$830.94
131,600 at 6.5%$831.80
Interest Rate 30 Year
131,600 at 6.51%$832.67
131,600 at 6.52%$833.53
131,600 at 6.53%$834.40
131,600 at 6.54%$835.27
131,600 at 6.55%$836.13
131,600 at 6.56%$837.00
131,600 at 6.57%$837.87
131,600 at 6.58%$838.74
131,600 at 6.59%$839.61
131,600 at 6.6%$840.48
131,600 at 6.61%$841.34
131,600 at 6.62%$842.21
131,600 at 6.63%$843.08
131,600 at 6.64%$843.95
131,600 at 6.65%$844.83
131,600 at 6.66%$845.70
131,600 at 6.67%$846.57
131,600 at 6.68%$847.44
131,600 at 6.69%$848.31
131,600 at 6.7%$849.19
131,600 at 6.71%$850.06
131,600 at 6.72%$850.93
131,600 at 6.73%$851.81
131,600 at 6.74%$852.68
131,600 at 6.75%$853.56
131,600 at 6.76%$854.43
131,600 at 6.77%$855.31
131,600 at 6.78%$856.18
131,600 at 6.79%$857.06
131,600 at 6.8%$857.93
131,600 at 6.81%$858.81
131,600 at 6.82%$859.69
131,600 at 6.83%$860.57
131,600 at 6.84%$861.44
131,600 at 6.85%$862.32
131,600 at 6.86%$863.20
131,600 at 6.87%$864.08
131,600 at 6.88%$864.96
131,600 at 6.89%$865.84
131,600 at 6.9%$866.72
131,600 at 6.91%$867.60
131,600 at 6.92%$868.48
131,600 at 6.93%$869.36
131,600 at 6.94%$870.24
131,600 at 6.95%$871.12
131,600 at 6.96%$872.01
131,600 at 6.97%$872.89
131,600 at 6.98%$873.77
131,600 at 6.99%$874.65
131,600 at 7%$875.54
131,600 at 7.01%$876.42
131,600 at 7.02%$877.31
131,600 at 7.03%$878.19
131,600 at 7.04%$879.08
131,600 at 7.05%$879.96
131,600 at 7.06%$880.85
131,600 at 7.07%$881.73
131,600 at 7.08%$882.62
131,600 at 7.09%$883.51
131,600 at 7.1%$884.39
131,600 at 7.11%$885.28
131,600 at 7.12%$886.17
131,600 at 7.13%$887.06
131,600 at 7.14%$887.95
131,600 at 7.15%$888.84
131,600 at 7.16%$889.72
131,600 at 7.17%$890.61
131,600 at 7.18%$891.50
131,600 at 7.19%$892.39
131,600 at 7.2%$893.29
131,600 at 7.21%$894.18
131,600 at 7.22%$895.07
131,600 at 7.23%$895.96
131,600 at 7.24%$896.85
131,600 at 7.25%$897.74
131,600 at 7.26%$898.64
131,600 at 7.27%$899.53
131,600 at 7.28%$900.42
131,600 at 7.29%$901.32
131,600 at 7.3%$902.21
131,600 at 7.31%$903.11
131,600 at 7.32%$904.00
131,600 at 7.33%$904.90
131,600 at 7.34%$905.79
131,600 at 7.35%$906.69
131,600 at 7.36%$907.58
131,600 at 7.37%$908.48
131,600 at 7.38%$909.38
131,600 at 7.39%$910.27
131,600 at 7.4%$911.17
131,600 at 7.41%$912.07
131,600 at 7.42%$912.97
131,600 at 7.43%$913.87
131,600 at 7.44%$914.77
131,600 at 7.45%$915.66
131,600 at 7.46%$916.56
131,600 at 7.47%$917.46
131,600 at 7.48%$918.36
131,600 at 7.49%$919.27
131,600 at 7.5%$920.17
131,600 at 7.51%$921.07
131,600 at 7.52%$921.97
131,600 at 7.53%$922.87
131,600 at 7.54%$923.77
131,600 at 7.55%$924.68
131,600 at 7.56%$925.58
131,600 at 7.57%$926.48
131,600 at 7.58%$927.39
131,600 at 7.59%$928.29
131,600 at 7.6%$929.19
131,600 at 7.61%$930.10
131,600 at 7.62%$931.00
131,600 at 7.63%$931.91
131,600 at 7.64%$932.81
131,600 at 7.65%$933.72
131,600 at 7.66%$934.63
131,600 at 7.67%$935.53
131,600 at 7.68%$936.44
131,600 at 7.69%$937.35
131,600 at 7.7%$938.26
131,600 at 7.71%$939.16
131,600 at 7.72%$940.07
131,600 at 7.73%$940.98
131,600 at 7.74%$941.89
131,600 at 7.75%$942.80
131,600 at 7.76%$943.71
131,600 at 7.77%$944.62
131,600 at 7.78%$945.53
131,600 at 7.79%$946.44
131,600 at 7.8%$947.35
131,600 at 7.81%$948.26
131,600 at 7.82%$949.17
131,600 at 7.83%$950.08
131,600 at 7.84%$951.00
131,600 at 7.85%$951.91
131,600 at 7.86%$952.82
131,600 at 7.87%$953.73
131,600 at 7.88%$954.65
131,600 at 7.89%$955.56
131,600 at 7.9%$956.48
131,600 at 7.91%$957.39
131,600 at 7.92%$958.31
131,600 at 7.93%$959.22
131,600 at 7.94%$960.14
131,600 at 7.95%$961.05
131,600 at 7.96%$961.97
131,600 at 7.97%$962.88
131,600 at 7.98%$963.80
131,600 at 7.99%$964.72
131,600 at 8%$965.63
More Amounts
What is the down payment for a $131,600 house? How much do you need to put down?
Percent Down Down Payment
1%1,316
2%2,632
3%3,948
4%5,264
5%6,580
6%7,896
7%9,212
8%10,528
9%11,844
10%13,160
11%14,476
12%15,792
13%17,108
14%18,424
15%19,740
16%21,056
17%22,372
18%23,688
19%25,004
20%26,320
Percent Down Down Payment
21%27,636
22%28,952
23%30,268
24%31,584
25%32,900
26%34,216
27%35,532
28%36,848
29%38,164
30%39,480
31%40,796
32%42,112
33%43,428
34%44,744
35%46,060
36%47,376
37%48,692
38%50,008
39%51,324
40%52,640
Percent Down Down Payment
41%53,956
42%55,272
43%56,588
44%57,904
45%59,220
46%60,536
47%61,852
48%63,168
49%64,484
50%65,800
51%67,116
52%68,432
53%69,748
54%71,064
55%72,380
56%73,696
57%75,012
58%76,328
59%77,644
60%78,960
Percent Down Down Payment
61%80,276
62%81,592
63%82,908
64%84,224
65%85,540
66%86,856
67%88,172
68%89,488
69%90,804
70%92,120
71%93,436
72%94,752
73%96,068
74%97,384
75%98,700
76%100,016
77%101,332
78%102,648
79%103,964
80%105,280
Percent Down Down Payment
81%106,596
82%107,912
83%109,228
84%110,544
85%111,860
86%113,176
87%114,492
88%115,808
89%117,124
90%118,440
91%119,756
92%121,072
93%122,388
94%123,704
95%125,020
96%126,336
97%127,652
98%128,968
99%130,284
100%131,600
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.