$132,400 Mortgage for 30 Years

What is the monthly payment of a 132,400 dollar loan?
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Loan Tables for a $132,400 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 $132,400 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
132,400 at 2.01%$490.04
132,400 at 2.02%$490.70
132,400 at 2.03%$491.36
132,400 at 2.04%$492.03
132,400 at 2.05%$492.69
132,400 at 2.06%$493.36
132,400 at 2.07%$494.02
132,400 at 2.08%$494.69
132,400 at 2.09%$495.36
132,400 at 2.1%$496.02
132,400 at 2.11%$496.69
132,400 at 2.12%$497.36
132,400 at 2.13%$498.03
132,400 at 2.14%$498.70
132,400 at 2.15%$499.37
132,400 at 2.16%$500.04
132,400 at 2.17%$500.71
132,400 at 2.18%$501.38
132,400 at 2.19%$502.05
132,400 at 2.2%$502.72
132,400 at 2.21%$503.40
132,400 at 2.22%$504.07
132,400 at 2.23%$504.74
132,400 at 2.24%$505.42
132,400 at 2.25%$506.09
132,400 at 2.26%$506.77
132,400 at 2.27%$507.45
132,400 at 2.28%$508.12
132,400 at 2.29%$508.80
132,400 at 2.3%$509.48
132,400 at 2.31%$510.16
132,400 at 2.32%$510.83
132,400 at 2.33%$511.51
132,400 at 2.34%$512.19
132,400 at 2.35%$512.87
132,400 at 2.36%$513.55
132,400 at 2.37%$514.24
132,400 at 2.38%$514.92
132,400 at 2.39%$515.60
132,400 at 2.4%$516.28
132,400 at 2.41%$516.97
132,400 at 2.42%$517.65
132,400 at 2.43%$518.33
132,400 at 2.44%$519.02
132,400 at 2.45%$519.70
132,400 at 2.46%$520.39
132,400 at 2.47%$521.08
132,400 at 2.48%$521.76
132,400 at 2.49%$522.45
132,400 at 2.5%$523.14
132,400 at 2.51%$523.83
132,400 at 2.52%$524.52
132,400 at 2.53%$525.21
132,400 at 2.54%$525.90
132,400 at 2.55%$526.59
132,400 at 2.56%$527.28
132,400 at 2.57%$527.97
132,400 at 2.58%$528.66
132,400 at 2.59%$529.36
132,400 at 2.6%$530.05
132,400 at 2.61%$530.74
132,400 at 2.62%$531.44
132,400 at 2.63%$532.13
132,400 at 2.64%$532.83
132,400 at 2.65%$533.52
132,400 at 2.66%$534.22
132,400 at 2.67%$534.92
132,400 at 2.68%$535.61
132,400 at 2.69%$536.31
132,400 at 2.7%$537.01
132,400 at 2.71%$537.71
132,400 at 2.72%$538.41
132,400 at 2.73%$539.11
132,400 at 2.74%$539.81
132,400 at 2.75%$540.51
132,400 at 2.76%$541.21
132,400 at 2.77%$541.91
132,400 at 2.78%$542.62
132,400 at 2.79%$543.32
132,400 at 2.8%$544.02
132,400 at 2.81%$544.73
132,400 at 2.82%$545.43
132,400 at 2.83%$546.14
132,400 at 2.84%$546.84
132,400 at 2.85%$547.55
132,400 at 2.86%$548.26
132,400 at 2.87%$548.96
132,400 at 2.88%$549.67
132,400 at 2.89%$550.38
132,400 at 2.9%$551.09
132,400 at 2.91%$551.80
132,400 at 2.92%$552.51
132,400 at 2.93%$553.22
132,400 at 2.94%$553.93
132,400 at 2.95%$554.64
132,400 at 2.96%$555.35
132,400 at 2.97%$556.06
132,400 at 2.98%$556.78
132,400 at 2.99%$557.49
132,400 at 3%$558.20
132,400 at 3.01%$558.92
132,400 at 3.02%$559.63
132,400 at 3.03%$560.35
132,400 at 3.04%$561.06
132,400 at 3.05%$561.78
132,400 at 3.06%$562.50
132,400 at 3.07%$563.21
132,400 at 3.08%$563.93
132,400 at 3.09%$564.65
132,400 at 3.1%$565.37
132,400 at 3.11%$566.09
132,400 at 3.12%$566.81
132,400 at 3.13%$567.53
132,400 at 3.14%$568.25
132,400 at 3.15%$568.97
132,400 at 3.16%$569.69
132,400 at 3.17%$570.42
132,400 at 3.18%$571.14
132,400 at 3.19%$571.86
132,400 at 3.2%$572.59
132,400 at 3.21%$573.31
132,400 at 3.22%$574.04
132,400 at 3.23%$574.76
132,400 at 3.24%$575.49
132,400 at 3.25%$576.21
132,400 at 3.26%$576.94
132,400 at 3.27%$577.67
132,400 at 3.28%$578.40
132,400 at 3.29%$579.12
132,400 at 3.3%$579.85
132,400 at 3.31%$580.58
132,400 at 3.32%$581.31
132,400 at 3.33%$582.04
132,400 at 3.34%$582.77
132,400 at 3.35%$583.50
132,400 at 3.36%$584.24
132,400 at 3.37%$584.97
132,400 at 3.38%$585.70
132,400 at 3.39%$586.44
132,400 at 3.4%$587.17
132,400 at 3.41%$587.90
132,400 at 3.42%$588.64
132,400 at 3.43%$589.37
132,400 at 3.44%$590.11
132,400 at 3.45%$590.85
132,400 at 3.46%$591.58
132,400 at 3.47%$592.32
132,400 at 3.48%$593.06
132,400 at 3.49%$593.80
132,400 at 3.5%$594.54
Interest Rate 30 Year
132,400 at 3.51%$595.27
132,400 at 3.52%$596.01
132,400 at 3.53%$596.75
132,400 at 3.54%$597.50
132,400 at 3.55%$598.24
132,400 at 3.56%$598.98
132,400 at 3.57%$599.72
132,400 at 3.58%$600.46
132,400 at 3.59%$601.21
132,400 at 3.6%$601.95
132,400 at 3.61%$602.69
132,400 at 3.62%$603.44
132,400 at 3.63%$604.18
132,400 at 3.64%$604.93
132,400 at 3.65%$605.68
132,400 at 3.66%$606.42
132,400 at 3.67%$607.17
132,400 at 3.68%$607.92
132,400 at 3.69%$608.67
132,400 at 3.7%$609.41
132,400 at 3.71%$610.16
132,400 at 3.72%$610.91
132,400 at 3.73%$611.66
132,400 at 3.74%$612.41
132,400 at 3.75%$613.17
132,400 at 3.76%$613.92
132,400 at 3.77%$614.67
132,400 at 3.78%$615.42
132,400 at 3.79%$616.17
132,400 at 3.8%$616.93
132,400 at 3.81%$617.68
132,400 at 3.82%$618.44
132,400 at 3.83%$619.19
132,400 at 3.84%$619.95
132,400 at 3.85%$620.70
132,400 at 3.86%$621.46
132,400 at 3.87%$622.22
132,400 at 3.88%$622.97
132,400 at 3.89%$623.73
132,400 at 3.9%$624.49
132,400 at 3.91%$625.25
132,400 at 3.92%$626.01
132,400 at 3.93%$626.77
132,400 at 3.94%$627.53
132,400 at 3.95%$628.29
132,400 at 3.96%$629.05
132,400 at 3.97%$629.81
132,400 at 3.98%$630.57
132,400 at 3.99%$631.33
132,400 at 4%$632.10
132,400 at 4.01%$632.86
132,400 at 4.02%$633.63
132,400 at 4.03%$634.39
132,400 at 4.04%$635.15
132,400 at 4.05%$635.92
132,400 at 4.06%$636.69
132,400 at 4.07%$637.45
132,400 at 4.08%$638.22
132,400 at 4.09%$638.99
132,400 at 4.1%$639.75
132,400 at 4.11%$640.52
132,400 at 4.12%$641.29
132,400 at 4.13%$642.06
132,400 at 4.14%$642.83
132,400 at 4.15%$643.60
132,400 at 4.16%$644.37
132,400 at 4.17%$645.14
132,400 at 4.18%$645.91
132,400 at 4.19%$646.69
132,400 at 4.2%$647.46
132,400 at 4.21%$648.23
132,400 at 4.22%$649.01
132,400 at 4.23%$649.78
132,400 at 4.24%$650.55
132,400 at 4.25%$651.33
132,400 at 4.26%$652.10
132,400 at 4.27%$652.88
132,400 at 4.28%$653.66
132,400 at 4.29%$654.43
132,400 at 4.3%$655.21
132,400 at 4.31%$655.99
132,400 at 4.32%$656.77
132,400 at 4.33%$657.54
132,400 at 4.34%$658.32
132,400 at 4.35%$659.10
132,400 at 4.36%$659.88
132,400 at 4.37%$660.66
132,400 at 4.38%$661.44
132,400 at 4.39%$662.23
132,400 at 4.4%$663.01
132,400 at 4.41%$663.79
132,400 at 4.42%$664.57
132,400 at 4.43%$665.36
132,400 at 4.44%$666.14
132,400 at 4.45%$666.92
132,400 at 4.46%$667.71
132,400 at 4.47%$668.49
132,400 at 4.48%$669.28
132,400 at 4.49%$670.06
132,400 at 4.5%$670.85
132,400 at 4.51%$671.64
132,400 at 4.52%$672.43
132,400 at 4.53%$673.21
132,400 at 4.54%$674.00
132,400 at 4.55%$674.79
132,400 at 4.56%$675.58
132,400 at 4.57%$676.37
132,400 at 4.58%$677.16
132,400 at 4.59%$677.95
132,400 at 4.6%$678.74
132,400 at 4.61%$679.53
132,400 at 4.62%$680.32
132,400 at 4.63%$681.12
132,400 at 4.64%$681.91
132,400 at 4.65%$682.70
132,400 at 4.66%$683.50
132,400 at 4.67%$684.29
132,400 at 4.68%$685.09
132,400 at 4.69%$685.88
132,400 at 4.7%$686.68
132,400 at 4.71%$687.47
132,400 at 4.72%$688.27
132,400 at 4.73%$689.07
132,400 at 4.74%$689.86
132,400 at 4.75%$690.66
132,400 at 4.76%$691.46
132,400 at 4.77%$692.26
132,400 at 4.78%$693.06
132,400 at 4.79%$693.86
132,400 at 4.8%$694.66
132,400 at 4.81%$695.46
132,400 at 4.82%$696.26
132,400 at 4.83%$697.06
132,400 at 4.84%$697.86
132,400 at 4.85%$698.66
132,400 at 4.86%$699.47
132,400 at 4.87%$700.27
132,400 at 4.88%$701.07
132,400 at 4.89%$701.88
132,400 at 4.9%$702.68
132,400 at 4.91%$703.49
132,400 at 4.92%$704.29
132,400 at 4.93%$705.10
132,400 at 4.94%$705.90
132,400 at 4.95%$706.71
132,400 at 4.96%$707.52
132,400 at 4.97%$708.33
132,400 at 4.98%$709.13
132,400 at 4.99%$709.94
132,400 at 5%$710.75
Interest Rate 30 Year
132,400 at 5.01%$711.56
132,400 at 5.02%$712.37
132,400 at 5.03%$713.18
132,400 at 5.04%$713.99
132,400 at 5.05%$714.80
132,400 at 5.06%$715.61
132,400 at 5.07%$716.43
132,400 at 5.08%$717.24
132,400 at 5.09%$718.05
132,400 at 5.1%$718.87
132,400 at 5.11%$719.68
132,400 at 5.12%$720.49
132,400 at 5.13%$721.31
132,400 at 5.14%$722.12
132,400 at 5.15%$722.94
132,400 at 5.16%$723.75
132,400 at 5.17%$724.57
132,400 at 5.18%$725.39
132,400 at 5.19%$726.21
132,400 at 5.2%$727.02
132,400 at 5.21%$727.84
132,400 at 5.22%$728.66
132,400 at 5.23%$729.48
132,400 at 5.24%$730.30
132,400 at 5.25%$731.12
132,400 at 5.26%$731.94
132,400 at 5.27%$732.76
132,400 at 5.28%$733.58
132,400 at 5.29%$734.40
132,400 at 5.3%$735.22
132,400 at 5.31%$736.05
132,400 at 5.32%$736.87
132,400 at 5.33%$737.69
132,400 at 5.34%$738.52
132,400 at 5.35%$739.34
132,400 at 5.36%$740.16
132,400 at 5.37%$740.99
132,400 at 5.38%$741.81
132,400 at 5.39%$742.64
132,400 at 5.4%$743.47
132,400 at 5.41%$744.29
132,400 at 5.42%$745.12
132,400 at 5.43%$745.95
132,400 at 5.44%$746.78
132,400 at 5.45%$747.60
132,400 at 5.46%$748.43
132,400 at 5.47%$749.26
132,400 at 5.48%$750.09
132,400 at 5.49%$750.92
132,400 at 5.5%$751.75
132,400 at 5.51%$752.58
132,400 at 5.52%$753.41
132,400 at 5.53%$754.25
132,400 at 5.54%$755.08
132,400 at 5.55%$755.91
132,400 at 5.56%$756.74
132,400 at 5.57%$757.58
132,400 at 5.58%$758.41
132,400 at 5.59%$759.25
132,400 at 5.6%$760.08
132,400 at 5.61%$760.92
132,400 at 5.62%$761.75
132,400 at 5.63%$762.59
132,400 at 5.64%$763.42
132,400 at 5.65%$764.26
132,400 at 5.66%$765.10
132,400 at 5.67%$765.93
132,400 at 5.68%$766.77
132,400 at 5.69%$767.61
132,400 at 5.7%$768.45
132,400 at 5.71%$769.29
132,400 at 5.72%$770.13
132,400 at 5.73%$770.97
132,400 at 5.74%$771.81
132,400 at 5.75%$772.65
132,400 at 5.76%$773.49
132,400 at 5.77%$774.33
132,400 at 5.78%$775.18
132,400 at 5.79%$776.02
132,400 at 5.8%$776.86
132,400 at 5.81%$777.70
132,400 at 5.82%$778.55
132,400 at 5.83%$779.39
132,400 at 5.84%$780.24
132,400 at 5.85%$781.08
132,400 at 5.86%$781.93
132,400 at 5.87%$782.77
132,400 at 5.88%$783.62
132,400 at 5.89%$784.47
132,400 at 5.9%$785.31
132,400 at 5.91%$786.16
132,400 at 5.92%$787.01
132,400 at 5.93%$787.86
132,400 at 5.94%$788.70
132,400 at 5.95%$789.55
132,400 at 5.96%$790.40
132,400 at 5.97%$791.25
132,400 at 5.98%$792.10
132,400 at 5.99%$792.95
132,400 at 6%$793.80
132,400 at 6.01%$794.66
132,400 at 6.02%$795.51
132,400 at 6.03%$796.36
132,400 at 6.04%$797.21
132,400 at 6.05%$798.07
132,400 at 6.06%$798.92
132,400 at 6.07%$799.77
132,400 at 6.08%$800.63
132,400 at 6.09%$801.48
132,400 at 6.1%$802.34
132,400 at 6.11%$803.19
132,400 at 6.12%$804.05
132,400 at 6.13%$804.90
132,400 at 6.14%$805.76
132,400 at 6.15%$806.62
132,400 at 6.16%$807.48
132,400 at 6.17%$808.33
132,400 at 6.18%$809.19
132,400 at 6.19%$810.05
132,400 at 6.2%$810.91
132,400 at 6.21%$811.77
132,400 at 6.22%$812.63
132,400 at 6.23%$813.49
132,400 at 6.24%$814.35
132,400 at 6.25%$815.21
132,400 at 6.26%$816.07
132,400 at 6.27%$816.93
132,400 at 6.28%$817.79
132,400 at 6.29%$818.66
132,400 at 6.3%$819.52
132,400 at 6.31%$820.38
132,400 at 6.32%$821.25
132,400 at 6.33%$822.11
132,400 at 6.34%$822.98
132,400 at 6.35%$823.84
132,400 at 6.36%$824.71
132,400 at 6.37%$825.57
132,400 at 6.38%$826.44
132,400 at 6.39%$827.30
132,400 at 6.4%$828.17
132,400 at 6.41%$829.04
132,400 at 6.42%$829.90
132,400 at 6.43%$830.77
132,400 at 6.44%$831.64
132,400 at 6.45%$832.51
132,400 at 6.46%$833.38
132,400 at 6.47%$834.25
132,400 at 6.48%$835.12
132,400 at 6.49%$835.99
132,400 at 6.5%$836.86
Interest Rate 30 Year
132,400 at 6.51%$837.73
132,400 at 6.52%$838.60
132,400 at 6.53%$839.47
132,400 at 6.54%$840.34
132,400 at 6.55%$841.22
132,400 at 6.56%$842.09
132,400 at 6.57%$842.96
132,400 at 6.58%$843.84
132,400 at 6.59%$844.71
132,400 at 6.6%$845.58
132,400 at 6.61%$846.46
132,400 at 6.62%$847.33
132,400 at 6.63%$848.21
132,400 at 6.64%$849.09
132,400 at 6.65%$849.96
132,400 at 6.66%$850.84
132,400 at 6.67%$851.71
132,400 at 6.68%$852.59
132,400 at 6.69%$853.47
132,400 at 6.7%$854.35
132,400 at 6.71%$855.23
132,400 at 6.72%$856.11
132,400 at 6.73%$856.98
132,400 at 6.74%$857.86
132,400 at 6.75%$858.74
132,400 at 6.76%$859.62
132,400 at 6.77%$860.50
132,400 at 6.78%$861.39
132,400 at 6.79%$862.27
132,400 at 6.8%$863.15
132,400 at 6.81%$864.03
132,400 at 6.82%$864.91
132,400 at 6.83%$865.80
132,400 at 6.84%$866.68
132,400 at 6.85%$867.56
132,400 at 6.86%$868.45
132,400 at 6.87%$869.33
132,400 at 6.88%$870.22
132,400 at 6.89%$871.10
132,400 at 6.9%$871.99
132,400 at 6.91%$872.87
132,400 at 6.92%$873.76
132,400 at 6.93%$874.64
132,400 at 6.94%$875.53
132,400 at 6.95%$876.42
132,400 at 6.96%$877.31
132,400 at 6.97%$878.19
132,400 at 6.98%$879.08
132,400 at 6.99%$879.97
132,400 at 7%$880.86
132,400 at 7.01%$881.75
132,400 at 7.02%$882.64
132,400 at 7.03%$883.53
132,400 at 7.04%$884.42
132,400 at 7.05%$885.31
132,400 at 7.06%$886.20
132,400 at 7.07%$887.09
132,400 at 7.08%$887.99
132,400 at 7.09%$888.88
132,400 at 7.1%$889.77
132,400 at 7.11%$890.66
132,400 at 7.12%$891.56
132,400 at 7.13%$892.45
132,400 at 7.14%$893.34
132,400 at 7.15%$894.24
132,400 at 7.16%$895.13
132,400 at 7.17%$896.03
132,400 at 7.18%$896.92
132,400 at 7.19%$897.82
132,400 at 7.2%$898.72
132,400 at 7.21%$899.61
132,400 at 7.22%$900.51
132,400 at 7.23%$901.41
132,400 at 7.24%$902.30
132,400 at 7.25%$903.20
132,400 at 7.26%$904.10
132,400 at 7.27%$905.00
132,400 at 7.28%$905.90
132,400 at 7.29%$906.80
132,400 at 7.3%$907.70
132,400 at 7.31%$908.60
132,400 at 7.32%$909.50
132,400 at 7.33%$910.40
132,400 at 7.34%$911.30
132,400 at 7.35%$912.20
132,400 at 7.36%$913.10
132,400 at 7.37%$914.00
132,400 at 7.38%$914.91
132,400 at 7.39%$915.81
132,400 at 7.4%$916.71
132,400 at 7.41%$917.61
132,400 at 7.42%$918.52
132,400 at 7.43%$919.42
132,400 at 7.44%$920.33
132,400 at 7.45%$921.23
132,400 at 7.46%$922.14
132,400 at 7.47%$923.04
132,400 at 7.48%$923.95
132,400 at 7.49%$924.85
132,400 at 7.5%$925.76
132,400 at 7.51%$926.67
132,400 at 7.52%$927.57
132,400 at 7.53%$928.48
132,400 at 7.54%$929.39
132,400 at 7.55%$930.30
132,400 at 7.56%$931.21
132,400 at 7.57%$932.11
132,400 at 7.58%$933.02
132,400 at 7.59%$933.93
132,400 at 7.6%$934.84
132,400 at 7.61%$935.75
132,400 at 7.62%$936.66
132,400 at 7.63%$937.57
132,400 at 7.64%$938.49
132,400 at 7.65%$939.40
132,400 at 7.66%$940.31
132,400 at 7.67%$941.22
132,400 at 7.68%$942.13
132,400 at 7.69%$943.05
132,400 at 7.7%$943.96
132,400 at 7.71%$944.87
132,400 at 7.72%$945.79
132,400 at 7.73%$946.70
132,400 at 7.74%$947.62
132,400 at 7.75%$948.53
132,400 at 7.76%$949.44
132,400 at 7.77%$950.36
132,400 at 7.78%$951.28
132,400 at 7.79%$952.19
132,400 at 7.8%$953.11
132,400 at 7.81%$954.03
132,400 at 7.82%$954.94
132,400 at 7.83%$955.86
132,400 at 7.84%$956.78
132,400 at 7.85%$957.70
132,400 at 7.86%$958.61
132,400 at 7.87%$959.53
132,400 at 7.88%$960.45
132,400 at 7.89%$961.37
132,400 at 7.9%$962.29
132,400 at 7.91%$963.21
132,400 at 7.92%$964.13
132,400 at 7.93%$965.05
132,400 at 7.94%$965.97
132,400 at 7.95%$966.89
132,400 at 7.96%$967.81
132,400 at 7.97%$968.74
132,400 at 7.98%$969.66
132,400 at 7.99%$970.58
132,400 at 8%$971.50
More Amounts
What is the down payment for a $132,400 house? How much do you need to put down?
Percent Down Down Payment
1%1,324
2%2,648
3%3,972
4%5,296
5%6,620
6%7,944
7%9,268
8%10,592
9%11,916
10%13,240
11%14,564
12%15,888
13%17,212
14%18,536
15%19,860
16%21,184
17%22,508
18%23,832
19%25,156
20%26,480
Percent Down Down Payment
21%27,804
22%29,128
23%30,452
24%31,776
25%33,100
26%34,424
27%35,748
28%37,072
29%38,396
30%39,720
31%41,044
32%42,368
33%43,692
34%45,016
35%46,340
36%47,664
37%48,988
38%50,312
39%51,636
40%52,960
Percent Down Down Payment
41%54,284
42%55,608
43%56,932
44%58,256
45%59,580
46%60,904
47%62,228
48%63,552
49%64,876
50%66,200
51%67,524
52%68,848
53%70,172
54%71,496
55%72,820
56%74,144
57%75,468
58%76,792
59%78,116
60%79,440
Percent Down Down Payment
61%80,764
62%82,088
63%83,412
64%84,736
65%86,060
66%87,384
67%88,708
68%90,032
69%91,356
70%92,680
71%94,004
72%95,328
73%96,652
74%97,976
75%99,300
76%100,624
77%101,948
78%103,272
79%104,596
80%105,920
Percent Down Down Payment
81%107,244
82%108,568
83%109,892
84%111,216
85%112,540
86%113,864
87%115,188
88%116,512
89%117,836
90%119,160
91%120,484
92%121,808
93%123,132
94%124,456
95%125,780
96%127,104
97%128,428
98%129,752
99%131,076
100%132,400
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.