$131,950 Mortgage for 30 Years

What is the monthly payment of a 131,950 dollar loan?
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Loan Tables for a $131,950 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 $131,950 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
131,950 at 2.01%$488.37
131,950 at 2.02%$489.03
131,950 at 2.03%$489.69
131,950 at 2.04%$490.36
131,950 at 2.05%$491.02
131,950 at 2.06%$491.68
131,950 at 2.07%$492.34
131,950 at 2.08%$493.01
131,950 at 2.09%$493.67
131,950 at 2.1%$494.34
131,950 at 2.11%$495.00
131,950 at 2.12%$495.67
131,950 at 2.13%$496.34
131,950 at 2.14%$497.00
131,950 at 2.15%$497.67
131,950 at 2.16%$498.34
131,950 at 2.17%$499.01
131,950 at 2.18%$499.68
131,950 at 2.19%$500.35
131,950 at 2.2%$501.02
131,950 at 2.21%$501.69
131,950 at 2.22%$502.36
131,950 at 2.23%$503.03
131,950 at 2.24%$503.70
131,950 at 2.25%$504.37
131,950 at 2.26%$505.05
131,950 at 2.27%$505.72
131,950 at 2.28%$506.40
131,950 at 2.29%$507.07
131,950 at 2.3%$507.75
131,950 at 2.31%$508.42
131,950 at 2.32%$509.10
131,950 at 2.33%$509.77
131,950 at 2.34%$510.45
131,950 at 2.35%$511.13
131,950 at 2.36%$511.81
131,950 at 2.37%$512.49
131,950 at 2.38%$513.17
131,950 at 2.39%$513.85
131,950 at 2.4%$514.53
131,950 at 2.41%$515.21
131,950 at 2.42%$515.89
131,950 at 2.43%$516.57
131,950 at 2.44%$517.26
131,950 at 2.45%$517.94
131,950 at 2.46%$518.62
131,950 at 2.47%$519.31
131,950 at 2.48%$519.99
131,950 at 2.49%$520.68
131,950 at 2.5%$521.36
131,950 at 2.51%$522.05
131,950 at 2.52%$522.74
131,950 at 2.53%$523.42
131,950 at 2.54%$524.11
131,950 at 2.55%$524.80
131,950 at 2.56%$525.49
131,950 at 2.57%$526.18
131,950 at 2.58%$526.87
131,950 at 2.59%$527.56
131,950 at 2.6%$528.25
131,950 at 2.61%$528.94
131,950 at 2.62%$529.63
131,950 at 2.63%$530.32
131,950 at 2.64%$531.02
131,950 at 2.65%$531.71
131,950 at 2.66%$532.40
131,950 at 2.67%$533.10
131,950 at 2.68%$533.79
131,950 at 2.69%$534.49
131,950 at 2.7%$535.19
131,950 at 2.71%$535.88
131,950 at 2.72%$536.58
131,950 at 2.73%$537.28
131,950 at 2.74%$537.98
131,950 at 2.75%$538.67
131,950 at 2.76%$539.37
131,950 at 2.77%$540.07
131,950 at 2.78%$540.77
131,950 at 2.79%$541.47
131,950 at 2.8%$542.18
131,950 at 2.81%$542.88
131,950 at 2.82%$543.58
131,950 at 2.83%$544.28
131,950 at 2.84%$544.99
131,950 at 2.85%$545.69
131,950 at 2.86%$546.39
131,950 at 2.87%$547.10
131,950 at 2.88%$547.80
131,950 at 2.89%$548.51
131,950 at 2.9%$549.22
131,950 at 2.91%$549.92
131,950 at 2.92%$550.63
131,950 at 2.93%$551.34
131,950 at 2.94%$552.05
131,950 at 2.95%$552.75
131,950 at 2.96%$553.46
131,950 at 2.97%$554.17
131,950 at 2.98%$554.88
131,950 at 2.99%$555.60
131,950 at 3%$556.31
131,950 at 3.01%$557.02
131,950 at 3.02%$557.73
131,950 at 3.03%$558.44
131,950 at 3.04%$559.16
131,950 at 3.05%$559.87
131,950 at 3.06%$560.59
131,950 at 3.07%$561.30
131,950 at 3.08%$562.02
131,950 at 3.09%$562.73
131,950 at 3.1%$563.45
131,950 at 3.11%$564.17
131,950 at 3.12%$564.88
131,950 at 3.13%$565.60
131,950 at 3.14%$566.32
131,950 at 3.15%$567.04
131,950 at 3.16%$567.76
131,950 at 3.17%$568.48
131,950 at 3.18%$569.20
131,950 at 3.19%$569.92
131,950 at 3.2%$570.64
131,950 at 3.21%$571.36
131,950 at 3.22%$572.08
131,950 at 3.23%$572.81
131,950 at 3.24%$573.53
131,950 at 3.25%$574.25
131,950 at 3.26%$574.98
131,950 at 3.27%$575.70
131,950 at 3.28%$576.43
131,950 at 3.29%$577.16
131,950 at 3.3%$577.88
131,950 at 3.31%$578.61
131,950 at 3.32%$579.34
131,950 at 3.33%$580.06
131,950 at 3.34%$580.79
131,950 at 3.35%$581.52
131,950 at 3.36%$582.25
131,950 at 3.37%$582.98
131,950 at 3.38%$583.71
131,950 at 3.39%$584.44
131,950 at 3.4%$585.17
131,950 at 3.41%$585.91
131,950 at 3.42%$586.64
131,950 at 3.43%$587.37
131,950 at 3.44%$588.10
131,950 at 3.45%$588.84
131,950 at 3.46%$589.57
131,950 at 3.47%$590.31
131,950 at 3.48%$591.04
131,950 at 3.49%$591.78
131,950 at 3.5%$592.51
Interest Rate 30 Year
131,950 at 3.51%$593.25
131,950 at 3.52%$593.99
131,950 at 3.53%$594.73
131,950 at 3.54%$595.46
131,950 at 3.55%$596.20
131,950 at 3.56%$596.94
131,950 at 3.57%$597.68
131,950 at 3.58%$598.42
131,950 at 3.59%$599.16
131,950 at 3.6%$599.90
131,950 at 3.61%$600.65
131,950 at 3.62%$601.39
131,950 at 3.63%$602.13
131,950 at 3.64%$602.87
131,950 at 3.65%$603.62
131,950 at 3.66%$604.36
131,950 at 3.67%$605.11
131,950 at 3.68%$605.85
131,950 at 3.69%$606.60
131,950 at 3.7%$607.34
131,950 at 3.71%$608.09
131,950 at 3.72%$608.84
131,950 at 3.73%$609.58
131,950 at 3.74%$610.33
131,950 at 3.75%$611.08
131,950 at 3.76%$611.83
131,950 at 3.77%$612.58
131,950 at 3.78%$613.33
131,950 at 3.79%$614.08
131,950 at 3.8%$614.83
131,950 at 3.81%$615.58
131,950 at 3.82%$616.33
131,950 at 3.83%$617.09
131,950 at 3.84%$617.84
131,950 at 3.85%$618.59
131,950 at 3.86%$619.35
131,950 at 3.87%$620.10
131,950 at 3.88%$620.86
131,950 at 3.89%$621.61
131,950 at 3.9%$622.37
131,950 at 3.91%$623.12
131,950 at 3.92%$623.88
131,950 at 3.93%$624.64
131,950 at 3.94%$625.39
131,950 at 3.95%$626.15
131,950 at 3.96%$626.91
131,950 at 3.97%$627.67
131,950 at 3.98%$628.43
131,950 at 3.99%$629.19
131,950 at 4%$629.95
131,950 at 4.01%$630.71
131,950 at 4.02%$631.47
131,950 at 4.03%$632.23
131,950 at 4.04%$633.00
131,950 at 4.05%$633.76
131,950 at 4.06%$634.52
131,950 at 4.07%$635.29
131,950 at 4.08%$636.05
131,950 at 4.09%$636.82
131,950 at 4.1%$637.58
131,950 at 4.11%$638.35
131,950 at 4.12%$639.11
131,950 at 4.13%$639.88
131,950 at 4.14%$640.65
131,950 at 4.15%$641.41
131,950 at 4.16%$642.18
131,950 at 4.17%$642.95
131,950 at 4.18%$643.72
131,950 at 4.19%$644.49
131,950 at 4.2%$645.26
131,950 at 4.21%$646.03
131,950 at 4.22%$646.80
131,950 at 4.23%$647.57
131,950 at 4.24%$648.34
131,950 at 4.25%$649.11
131,950 at 4.26%$649.89
131,950 at 4.27%$650.66
131,950 at 4.28%$651.43
131,950 at 4.29%$652.21
131,950 at 4.3%$652.98
131,950 at 4.31%$653.76
131,950 at 4.32%$654.53
131,950 at 4.33%$655.31
131,950 at 4.34%$656.09
131,950 at 4.35%$656.86
131,950 at 4.36%$657.64
131,950 at 4.37%$658.42
131,950 at 4.38%$659.20
131,950 at 4.39%$659.97
131,950 at 4.4%$660.75
131,950 at 4.41%$661.53
131,950 at 4.42%$662.31
131,950 at 4.43%$663.09
131,950 at 4.44%$663.88
131,950 at 4.45%$664.66
131,950 at 4.46%$665.44
131,950 at 4.47%$666.22
131,950 at 4.48%$667.00
131,950 at 4.49%$667.79
131,950 at 4.5%$668.57
131,950 at 4.51%$669.36
131,950 at 4.52%$670.14
131,950 at 4.53%$670.93
131,950 at 4.54%$671.71
131,950 at 4.55%$672.50
131,950 at 4.56%$673.28
131,950 at 4.57%$674.07
131,950 at 4.58%$674.86
131,950 at 4.59%$675.65
131,950 at 4.6%$676.43
131,950 at 4.61%$677.22
131,950 at 4.62%$678.01
131,950 at 4.63%$678.80
131,950 at 4.64%$679.59
131,950 at 4.65%$680.38
131,950 at 4.66%$681.17
131,950 at 4.67%$681.97
131,950 at 4.68%$682.76
131,950 at 4.69%$683.55
131,950 at 4.7%$684.34
131,950 at 4.71%$685.14
131,950 at 4.72%$685.93
131,950 at 4.73%$686.72
131,950 at 4.74%$687.52
131,950 at 4.75%$688.31
131,950 at 4.76%$689.11
131,950 at 4.77%$689.91
131,950 at 4.78%$690.70
131,950 at 4.79%$691.50
131,950 at 4.8%$692.30
131,950 at 4.81%$693.09
131,950 at 4.82%$693.89
131,950 at 4.83%$694.69
131,950 at 4.84%$695.49
131,950 at 4.85%$696.29
131,950 at 4.86%$697.09
131,950 at 4.87%$697.89
131,950 at 4.88%$698.69
131,950 at 4.89%$699.49
131,950 at 4.9%$700.29
131,950 at 4.91%$701.10
131,950 at 4.92%$701.90
131,950 at 4.93%$702.70
131,950 at 4.94%$703.51
131,950 at 4.95%$704.31
131,950 at 4.96%$705.11
131,950 at 4.97%$705.92
131,950 at 4.98%$706.72
131,950 at 4.99%$707.53
131,950 at 5%$708.34
Interest Rate 30 Year
131,950 at 5.01%$709.14
131,950 at 5.02%$709.95
131,950 at 5.03%$710.76
131,950 at 5.04%$711.57
131,950 at 5.05%$712.37
131,950 at 5.06%$713.18
131,950 at 5.07%$713.99
131,950 at 5.08%$714.80
131,950 at 5.09%$715.61
131,950 at 5.1%$716.42
131,950 at 5.11%$717.23
131,950 at 5.12%$718.04
131,950 at 5.13%$718.86
131,950 at 5.14%$719.67
131,950 at 5.15%$720.48
131,950 at 5.16%$721.29
131,950 at 5.17%$722.11
131,950 at 5.18%$722.92
131,950 at 5.19%$723.74
131,950 at 5.2%$724.55
131,950 at 5.21%$725.37
131,950 at 5.22%$726.18
131,950 at 5.23%$727.00
131,950 at 5.24%$727.82
131,950 at 5.25%$728.63
131,950 at 5.26%$729.45
131,950 at 5.27%$730.27
131,950 at 5.28%$731.09
131,950 at 5.29%$731.91
131,950 at 5.3%$732.72
131,950 at 5.31%$733.54
131,950 at 5.32%$734.36
131,950 at 5.33%$735.18
131,950 at 5.34%$736.01
131,950 at 5.35%$736.83
131,950 at 5.36%$737.65
131,950 at 5.37%$738.47
131,950 at 5.38%$739.29
131,950 at 5.39%$740.12
131,950 at 5.4%$740.94
131,950 at 5.41%$741.76
131,950 at 5.42%$742.59
131,950 at 5.43%$743.41
131,950 at 5.44%$744.24
131,950 at 5.45%$745.06
131,950 at 5.46%$745.89
131,950 at 5.47%$746.72
131,950 at 5.48%$747.54
131,950 at 5.49%$748.37
131,950 at 5.5%$749.20
131,950 at 5.51%$750.03
131,950 at 5.52%$750.85
131,950 at 5.53%$751.68
131,950 at 5.54%$752.51
131,950 at 5.55%$753.34
131,950 at 5.56%$754.17
131,950 at 5.57%$755.00
131,950 at 5.58%$755.83
131,950 at 5.59%$756.67
131,950 at 5.6%$757.50
131,950 at 5.61%$758.33
131,950 at 5.62%$759.16
131,950 at 5.63%$760.00
131,950 at 5.64%$760.83
131,950 at 5.65%$761.66
131,950 at 5.66%$762.50
131,950 at 5.67%$763.33
131,950 at 5.68%$764.17
131,950 at 5.69%$765.00
131,950 at 5.7%$765.84
131,950 at 5.71%$766.67
131,950 at 5.72%$767.51
131,950 at 5.73%$768.35
131,950 at 5.74%$769.19
131,950 at 5.75%$770.02
131,950 at 5.76%$770.86
131,950 at 5.77%$771.70
131,950 at 5.78%$772.54
131,950 at 5.79%$773.38
131,950 at 5.8%$774.22
131,950 at 5.81%$775.06
131,950 at 5.82%$775.90
131,950 at 5.83%$776.74
131,950 at 5.84%$777.58
131,950 at 5.85%$778.43
131,950 at 5.86%$779.27
131,950 at 5.87%$780.11
131,950 at 5.88%$780.96
131,950 at 5.89%$781.80
131,950 at 5.9%$782.64
131,950 at 5.91%$783.49
131,950 at 5.92%$784.33
131,950 at 5.93%$785.18
131,950 at 5.94%$786.02
131,950 at 5.95%$786.87
131,950 at 5.96%$787.72
131,950 at 5.97%$788.56
131,950 at 5.98%$789.41
131,950 at 5.99%$790.26
131,950 at 6%$791.11
131,950 at 6.01%$791.96
131,950 at 6.02%$792.80
131,950 at 6.03%$793.65
131,950 at 6.04%$794.50
131,950 at 6.05%$795.35
131,950 at 6.06%$796.20
131,950 at 6.07%$797.05
131,950 at 6.08%$797.91
131,950 at 6.09%$798.76
131,950 at 6.1%$799.61
131,950 at 6.11%$800.46
131,950 at 6.12%$801.32
131,950 at 6.13%$802.17
131,950 at 6.14%$803.02
131,950 at 6.15%$803.88
131,950 at 6.16%$804.73
131,950 at 6.17%$805.59
131,950 at 6.18%$806.44
131,950 at 6.19%$807.30
131,950 at 6.2%$808.15
131,950 at 6.21%$809.01
131,950 at 6.22%$809.87
131,950 at 6.23%$810.72
131,950 at 6.24%$811.58
131,950 at 6.25%$812.44
131,950 at 6.26%$813.30
131,950 at 6.27%$814.16
131,950 at 6.28%$815.02
131,950 at 6.29%$815.87
131,950 at 6.3%$816.73
131,950 at 6.31%$817.59
131,950 at 6.32%$818.46
131,950 at 6.33%$819.32
131,950 at 6.34%$820.18
131,950 at 6.35%$821.04
131,950 at 6.36%$821.90
131,950 at 6.37%$822.76
131,950 at 6.38%$823.63
131,950 at 6.39%$824.49
131,950 at 6.4%$825.36
131,950 at 6.41%$826.22
131,950 at 6.42%$827.08
131,950 at 6.43%$827.95
131,950 at 6.44%$828.81
131,950 at 6.45%$829.68
131,950 at 6.46%$830.55
131,950 at 6.47%$831.41
131,950 at 6.48%$832.28
131,950 at 6.49%$833.15
131,950 at 6.5%$834.01
Interest Rate 30 Year
131,950 at 6.51%$834.88
131,950 at 6.52%$835.75
131,950 at 6.53%$836.62
131,950 at 6.54%$837.49
131,950 at 6.55%$838.36
131,950 at 6.56%$839.23
131,950 at 6.57%$840.10
131,950 at 6.58%$840.97
131,950 at 6.59%$841.84
131,950 at 6.6%$842.71
131,950 at 6.61%$843.58
131,950 at 6.62%$844.45
131,950 at 6.63%$845.33
131,950 at 6.64%$846.20
131,950 at 6.65%$847.07
131,950 at 6.66%$847.95
131,950 at 6.67%$848.82
131,950 at 6.68%$849.69
131,950 at 6.69%$850.57
131,950 at 6.7%$851.44
131,950 at 6.71%$852.32
131,950 at 6.72%$853.20
131,950 at 6.73%$854.07
131,950 at 6.74%$854.95
131,950 at 6.75%$855.83
131,950 at 6.76%$856.70
131,950 at 6.77%$857.58
131,950 at 6.78%$858.46
131,950 at 6.79%$859.34
131,950 at 6.8%$860.22
131,950 at 6.81%$861.09
131,950 at 6.82%$861.97
131,950 at 6.83%$862.85
131,950 at 6.84%$863.73
131,950 at 6.85%$864.61
131,950 at 6.86%$865.50
131,950 at 6.87%$866.38
131,950 at 6.88%$867.26
131,950 at 6.89%$868.14
131,950 at 6.9%$869.02
131,950 at 6.91%$869.91
131,950 at 6.92%$870.79
131,950 at 6.93%$871.67
131,950 at 6.94%$872.56
131,950 at 6.95%$873.44
131,950 at 6.96%$874.32
131,950 at 6.97%$875.21
131,950 at 6.98%$876.10
131,950 at 6.99%$876.98
131,950 at 7%$877.87
131,950 at 7.01%$878.75
131,950 at 7.02%$879.64
131,950 at 7.03%$880.53
131,950 at 7.04%$881.41
131,950 at 7.05%$882.30
131,950 at 7.06%$883.19
131,950 at 7.07%$884.08
131,950 at 7.08%$884.97
131,950 at 7.09%$885.86
131,950 at 7.1%$886.75
131,950 at 7.11%$887.64
131,950 at 7.12%$888.53
131,950 at 7.13%$889.42
131,950 at 7.14%$890.31
131,950 at 7.15%$891.20
131,950 at 7.16%$892.09
131,950 at 7.17%$892.98
131,950 at 7.18%$893.88
131,950 at 7.19%$894.77
131,950 at 7.2%$895.66
131,950 at 7.21%$896.55
131,950 at 7.22%$897.45
131,950 at 7.23%$898.34
131,950 at 7.24%$899.24
131,950 at 7.25%$900.13
131,950 at 7.26%$901.03
131,950 at 7.27%$901.92
131,950 at 7.28%$902.82
131,950 at 7.29%$903.71
131,950 at 7.3%$904.61
131,950 at 7.31%$905.51
131,950 at 7.32%$906.40
131,950 at 7.33%$907.30
131,950 at 7.34%$908.20
131,950 at 7.35%$909.10
131,950 at 7.36%$910.00
131,950 at 7.37%$910.90
131,950 at 7.38%$911.80
131,950 at 7.39%$912.70
131,950 at 7.4%$913.60
131,950 at 7.41%$914.50
131,950 at 7.42%$915.40
131,950 at 7.43%$916.30
131,950 at 7.44%$917.20
131,950 at 7.45%$918.10
131,950 at 7.46%$919.00
131,950 at 7.47%$919.90
131,950 at 7.48%$920.81
131,950 at 7.49%$921.71
131,950 at 7.5%$922.61
131,950 at 7.51%$923.52
131,950 at 7.52%$924.42
131,950 at 7.53%$925.33
131,950 at 7.54%$926.23
131,950 at 7.55%$927.14
131,950 at 7.56%$928.04
131,950 at 7.57%$928.95
131,950 at 7.58%$929.85
131,950 at 7.59%$930.76
131,950 at 7.6%$931.67
131,950 at 7.61%$932.57
131,950 at 7.62%$933.48
131,950 at 7.63%$934.39
131,950 at 7.64%$935.30
131,950 at 7.65%$936.20
131,950 at 7.66%$937.11
131,950 at 7.67%$938.02
131,950 at 7.68%$938.93
131,950 at 7.69%$939.84
131,950 at 7.7%$940.75
131,950 at 7.71%$941.66
131,950 at 7.72%$942.57
131,950 at 7.73%$943.48
131,950 at 7.74%$944.39
131,950 at 7.75%$945.31
131,950 at 7.76%$946.22
131,950 at 7.77%$947.13
131,950 at 7.78%$948.04
131,950 at 7.79%$948.96
131,950 at 7.8%$949.87
131,950 at 7.81%$950.78
131,950 at 7.82%$951.70
131,950 at 7.83%$952.61
131,950 at 7.84%$953.53
131,950 at 7.85%$954.44
131,950 at 7.86%$955.36
131,950 at 7.87%$956.27
131,950 at 7.88%$957.19
131,950 at 7.89%$958.10
131,950 at 7.9%$959.02
131,950 at 7.91%$959.94
131,950 at 7.92%$960.85
131,950 at 7.93%$961.77
131,950 at 7.94%$962.69
131,950 at 7.95%$963.61
131,950 at 7.96%$964.53
131,950 at 7.97%$965.44
131,950 at 7.98%$966.36
131,950 at 7.99%$967.28
131,950 at 8%$968.20
More Amounts
What is the down payment for a $131,950 house? How much do you need to put down?
Percent Down Down Payment
1%1,320
2%2,639
3%3,959
4%5,278
5%6,598
6%7,917
7%9,237
8%10,556
9%11,876
10%13,195
11%14,515
12%15,834
13%17,154
14%18,473
15%19,793
16%21,112
17%22,432
18%23,751
19%25,071
20%26,390
Percent Down Down Payment
21%27,710
22%29,029
23%30,349
24%31,668
25%32,988
26%34,307
27%35,627
28%36,946
29%38,266
30%39,585
31%40,905
32%42,224
33%43,544
34%44,863
35%46,183
36%47,502
37%48,822
38%50,141
39%51,461
40%52,780
Percent Down Down Payment
41%54,100
42%55,419
43%56,739
44%58,058
45%59,378
46%60,697
47%62,017
48%63,336
49%64,656
50%65,975
51%67,295
52%68,614
53%69,934
54%71,253
55%72,573
56%73,892
57%75,212
58%76,531
59%77,851
60%79,170
Percent Down Down Payment
61%80,490
62%81,809
63%83,129
64%84,448
65%85,768
66%87,087
67%88,407
68%89,726
69%91,046
70%92,365
71%93,685
72%95,004
73%96,324
74%97,643
75%98,963
76%100,282
77%101,602
78%102,921
79%104,241
80%105,560
Percent Down Down Payment
81%106,880
82%108,199
83%109,519
84%110,838
85%112,158
86%113,477
87%114,797
88%116,116
89%117,436
90%118,755
91%120,075
92%121,394
93%122,714
94%124,033
95%125,353
96%126,672
97%127,992
98%129,311
99%130,631
100%131,950
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.