$20,200 Mortgage for 30 Years

What is the monthly payment of a 20,200 dollar loan?
$
$
%
%
years
Loan Tables for a $20,200 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 20k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $20,200 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
20,200 at 2.01%$74.76
20,200 at 2.02%$74.87
20,200 at 2.03%$74.97
20,200 at 2.04%$75.07
20,200 at 2.05%$75.17
20,200 at 2.06%$75.27
20,200 at 2.07%$75.37
20,200 at 2.08%$75.47
20,200 at 2.09%$75.58
20,200 at 2.1%$75.68
20,200 at 2.11%$75.78
20,200 at 2.12%$75.88
20,200 at 2.13%$75.98
20,200 at 2.14%$76.09
20,200 at 2.15%$76.19
20,200 at 2.16%$76.29
20,200 at 2.17%$76.39
20,200 at 2.18%$76.49
20,200 at 2.19%$76.60
20,200 at 2.2%$76.70
20,200 at 2.21%$76.80
20,200 at 2.22%$76.90
20,200 at 2.23%$77.01
20,200 at 2.24%$77.11
20,200 at 2.25%$77.21
20,200 at 2.26%$77.32
20,200 at 2.27%$77.42
20,200 at 2.28%$77.52
20,200 at 2.29%$77.63
20,200 at 2.3%$77.73
20,200 at 2.31%$77.83
20,200 at 2.32%$77.94
20,200 at 2.33%$78.04
20,200 at 2.34%$78.14
20,200 at 2.35%$78.25
20,200 at 2.36%$78.35
20,200 at 2.37%$78.46
20,200 at 2.38%$78.56
20,200 at 2.39%$78.66
20,200 at 2.4%$78.77
20,200 at 2.41%$78.87
20,200 at 2.42%$78.98
20,200 at 2.43%$79.08
20,200 at 2.44%$79.19
20,200 at 2.45%$79.29
20,200 at 2.46%$79.39
20,200 at 2.47%$79.50
20,200 at 2.48%$79.60
20,200 at 2.49%$79.71
20,200 at 2.5%$79.81
20,200 at 2.51%$79.92
20,200 at 2.52%$80.02
20,200 at 2.53%$80.13
20,200 at 2.54%$80.24
20,200 at 2.55%$80.34
20,200 at 2.56%$80.45
20,200 at 2.57%$80.55
20,200 at 2.58%$80.66
20,200 at 2.59%$80.76
20,200 at 2.6%$80.87
20,200 at 2.61%$80.97
20,200 at 2.62%$81.08
20,200 at 2.63%$81.19
20,200 at 2.64%$81.29
20,200 at 2.65%$81.40
20,200 at 2.66%$81.50
20,200 at 2.67%$81.61
20,200 at 2.68%$81.72
20,200 at 2.69%$81.82
20,200 at 2.7%$81.93
20,200 at 2.71%$82.04
20,200 at 2.72%$82.14
20,200 at 2.73%$82.25
20,200 at 2.74%$82.36
20,200 at 2.75%$82.46
20,200 at 2.76%$82.57
20,200 at 2.77%$82.68
20,200 at 2.78%$82.79
20,200 at 2.79%$82.89
20,200 at 2.8%$83.00
20,200 at 2.81%$83.11
20,200 at 2.82%$83.22
20,200 at 2.83%$83.32
20,200 at 2.84%$83.43
20,200 at 2.85%$83.54
20,200 at 2.86%$83.65
20,200 at 2.87%$83.75
20,200 at 2.88%$83.86
20,200 at 2.89%$83.97
20,200 at 2.9%$84.08
20,200 at 2.91%$84.19
20,200 at 2.92%$84.29
20,200 at 2.93%$84.40
20,200 at 2.94%$84.51
20,200 at 2.95%$84.62
20,200 at 2.96%$84.73
20,200 at 2.97%$84.84
20,200 at 2.98%$84.95
20,200 at 2.99%$85.06
20,200 at 3%$85.16
20,200 at 3.01%$85.27
20,200 at 3.02%$85.38
20,200 at 3.03%$85.49
20,200 at 3.04%$85.60
20,200 at 3.05%$85.71
20,200 at 3.06%$85.82
20,200 at 3.07%$85.93
20,200 at 3.08%$86.04
20,200 at 3.09%$86.15
20,200 at 3.1%$86.26
20,200 at 3.11%$86.37
20,200 at 3.12%$86.48
20,200 at 3.13%$86.59
20,200 at 3.14%$86.70
20,200 at 3.15%$86.81
20,200 at 3.16%$86.92
20,200 at 3.17%$87.03
20,200 at 3.18%$87.14
20,200 at 3.19%$87.25
20,200 at 3.2%$87.36
20,200 at 3.21%$87.47
20,200 at 3.22%$87.58
20,200 at 3.23%$87.69
20,200 at 3.24%$87.80
20,200 at 3.25%$87.91
20,200 at 3.26%$88.02
20,200 at 3.27%$88.13
20,200 at 3.28%$88.24
20,200 at 3.29%$88.36
20,200 at 3.3%$88.47
20,200 at 3.31%$88.58
20,200 at 3.32%$88.69
20,200 at 3.33%$88.80
20,200 at 3.34%$88.91
20,200 at 3.35%$89.02
20,200 at 3.36%$89.14
20,200 at 3.37%$89.25
20,200 at 3.38%$89.36
20,200 at 3.39%$89.47
20,200 at 3.4%$89.58
20,200 at 3.41%$89.70
20,200 at 3.42%$89.81
20,200 at 3.43%$89.92
20,200 at 3.44%$90.03
20,200 at 3.45%$90.14
20,200 at 3.46%$90.26
20,200 at 3.47%$90.37
20,200 at 3.48%$90.48
20,200 at 3.49%$90.59
20,200 at 3.5%$90.71
Interest Rate 30 Year
20,200 at 3.51%$90.82
20,200 at 3.52%$90.93
20,200 at 3.53%$91.05
20,200 at 3.54%$91.16
20,200 at 3.55%$91.27
20,200 at 3.56%$91.38
20,200 at 3.57%$91.50
20,200 at 3.58%$91.61
20,200 at 3.59%$91.72
20,200 at 3.6%$91.84
20,200 at 3.61%$91.95
20,200 at 3.62%$92.07
20,200 at 3.63%$92.18
20,200 at 3.64%$92.29
20,200 at 3.65%$92.41
20,200 at 3.66%$92.52
20,200 at 3.67%$92.63
20,200 at 3.68%$92.75
20,200 at 3.69%$92.86
20,200 at 3.7%$92.98
20,200 at 3.71%$93.09
20,200 at 3.72%$93.21
20,200 at 3.73%$93.32
20,200 at 3.74%$93.43
20,200 at 3.75%$93.55
20,200 at 3.76%$93.66
20,200 at 3.77%$93.78
20,200 at 3.78%$93.89
20,200 at 3.79%$94.01
20,200 at 3.8%$94.12
20,200 at 3.81%$94.24
20,200 at 3.82%$94.35
20,200 at 3.83%$94.47
20,200 at 3.84%$94.58
20,200 at 3.85%$94.70
20,200 at 3.86%$94.81
20,200 at 3.87%$94.93
20,200 at 3.88%$95.05
20,200 at 3.89%$95.16
20,200 at 3.9%$95.28
20,200 at 3.91%$95.39
20,200 at 3.92%$95.51
20,200 at 3.93%$95.62
20,200 at 3.94%$95.74
20,200 at 3.95%$95.86
20,200 at 3.96%$95.97
20,200 at 3.97%$96.09
20,200 at 3.98%$96.21
20,200 at 3.99%$96.32
20,200 at 4%$96.44
20,200 at 4.01%$96.55
20,200 at 4.02%$96.67
20,200 at 4.03%$96.79
20,200 at 4.04%$96.90
20,200 at 4.05%$97.02
20,200 at 4.06%$97.14
20,200 at 4.07%$97.25
20,200 at 4.08%$97.37
20,200 at 4.09%$97.49
20,200 at 4.1%$97.61
20,200 at 4.11%$97.72
20,200 at 4.12%$97.84
20,200 at 4.13%$97.96
20,200 at 4.14%$98.08
20,200 at 4.15%$98.19
20,200 at 4.16%$98.31
20,200 at 4.17%$98.43
20,200 at 4.18%$98.55
20,200 at 4.19%$98.66
20,200 at 4.2%$98.78
20,200 at 4.21%$98.90
20,200 at 4.22%$99.02
20,200 at 4.23%$99.14
20,200 at 4.24%$99.25
20,200 at 4.25%$99.37
20,200 at 4.26%$99.49
20,200 at 4.27%$99.61
20,200 at 4.28%$99.73
20,200 at 4.29%$99.85
20,200 at 4.3%$99.96
20,200 at 4.31%$100.08
20,200 at 4.32%$100.20
20,200 at 4.33%$100.32
20,200 at 4.34%$100.44
20,200 at 4.35%$100.56
20,200 at 4.36%$100.68
20,200 at 4.37%$100.80
20,200 at 4.38%$100.92
20,200 at 4.39%$101.03
20,200 at 4.4%$101.15
20,200 at 4.41%$101.27
20,200 at 4.42%$101.39
20,200 at 4.43%$101.51
20,200 at 4.44%$101.63
20,200 at 4.45%$101.75
20,200 at 4.46%$101.87
20,200 at 4.47%$101.99
20,200 at 4.48%$102.11
20,200 at 4.49%$102.23
20,200 at 4.5%$102.35
20,200 at 4.51%$102.47
20,200 at 4.52%$102.59
20,200 at 4.53%$102.71
20,200 at 4.54%$102.83
20,200 at 4.55%$102.95
20,200 at 4.56%$103.07
20,200 at 4.57%$103.19
20,200 at 4.58%$103.31
20,200 at 4.59%$103.43
20,200 at 4.6%$103.55
20,200 at 4.61%$103.67
20,200 at 4.62%$103.80
20,200 at 4.63%$103.92
20,200 at 4.64%$104.04
20,200 at 4.65%$104.16
20,200 at 4.66%$104.28
20,200 at 4.67%$104.40
20,200 at 4.68%$104.52
20,200 at 4.69%$104.64
20,200 at 4.7%$104.76
20,200 at 4.71%$104.89
20,200 at 4.72%$105.01
20,200 at 4.73%$105.13
20,200 at 4.74%$105.25
20,200 at 4.75%$105.37
20,200 at 4.76%$105.49
20,200 at 4.77%$105.62
20,200 at 4.78%$105.74
20,200 at 4.79%$105.86
20,200 at 4.8%$105.98
20,200 at 4.81%$106.10
20,200 at 4.82%$106.23
20,200 at 4.83%$106.35
20,200 at 4.84%$106.47
20,200 at 4.85%$106.59
20,200 at 4.86%$106.72
20,200 at 4.87%$106.84
20,200 at 4.88%$106.96
20,200 at 4.89%$107.08
20,200 at 4.9%$107.21
20,200 at 4.91%$107.33
20,200 at 4.92%$107.45
20,200 at 4.93%$107.58
20,200 at 4.94%$107.70
20,200 at 4.95%$107.82
20,200 at 4.96%$107.94
20,200 at 4.97%$108.07
20,200 at 4.98%$108.19
20,200 at 4.99%$108.31
20,200 at 5%$108.44
Interest Rate 30 Year
20,200 at 5.01%$108.56
20,200 at 5.02%$108.69
20,200 at 5.03%$108.81
20,200 at 5.04%$108.93
20,200 at 5.05%$109.06
20,200 at 5.06%$109.18
20,200 at 5.07%$109.30
20,200 at 5.08%$109.43
20,200 at 5.09%$109.55
20,200 at 5.1%$109.68
20,200 at 5.11%$109.80
20,200 at 5.12%$109.92
20,200 at 5.13%$110.05
20,200 at 5.14%$110.17
20,200 at 5.15%$110.30
20,200 at 5.16%$110.42
20,200 at 5.17%$110.55
20,200 at 5.18%$110.67
20,200 at 5.19%$110.80
20,200 at 5.2%$110.92
20,200 at 5.21%$111.05
20,200 at 5.22%$111.17
20,200 at 5.23%$111.30
20,200 at 5.24%$111.42
20,200 at 5.25%$111.55
20,200 at 5.26%$111.67
20,200 at 5.27%$111.80
20,200 at 5.28%$111.92
20,200 at 5.29%$112.05
20,200 at 5.3%$112.17
20,200 at 5.31%$112.30
20,200 at 5.32%$112.42
20,200 at 5.33%$112.55
20,200 at 5.34%$112.67
20,200 at 5.35%$112.80
20,200 at 5.36%$112.93
20,200 at 5.37%$113.05
20,200 at 5.38%$113.18
20,200 at 5.39%$113.30
20,200 at 5.4%$113.43
20,200 at 5.41%$113.56
20,200 at 5.42%$113.68
20,200 at 5.43%$113.81
20,200 at 5.44%$113.93
20,200 at 5.45%$114.06
20,200 at 5.46%$114.19
20,200 at 5.47%$114.31
20,200 at 5.48%$114.44
20,200 at 5.49%$114.57
20,200 at 5.5%$114.69
20,200 at 5.51%$114.82
20,200 at 5.52%$114.95
20,200 at 5.53%$115.07
20,200 at 5.54%$115.20
20,200 at 5.55%$115.33
20,200 at 5.56%$115.45
20,200 at 5.57%$115.58
20,200 at 5.58%$115.71
20,200 at 5.59%$115.84
20,200 at 5.6%$115.96
20,200 at 5.61%$116.09
20,200 at 5.62%$116.22
20,200 at 5.63%$116.35
20,200 at 5.64%$116.47
20,200 at 5.65%$116.60
20,200 at 5.66%$116.73
20,200 at 5.67%$116.86
20,200 at 5.68%$116.98
20,200 at 5.69%$117.11
20,200 at 5.7%$117.24
20,200 at 5.71%$117.37
20,200 at 5.72%$117.50
20,200 at 5.73%$117.63
20,200 at 5.74%$117.75
20,200 at 5.75%$117.88
20,200 at 5.76%$118.01
20,200 at 5.77%$118.14
20,200 at 5.78%$118.27
20,200 at 5.79%$118.40
20,200 at 5.8%$118.52
20,200 at 5.81%$118.65
20,200 at 5.82%$118.78
20,200 at 5.83%$118.91
20,200 at 5.84%$119.04
20,200 at 5.85%$119.17
20,200 at 5.86%$119.30
20,200 at 5.87%$119.43
20,200 at 5.88%$119.56
20,200 at 5.89%$119.68
20,200 at 5.9%$119.81
20,200 at 5.91%$119.94
20,200 at 5.92%$120.07
20,200 at 5.93%$120.20
20,200 at 5.94%$120.33
20,200 at 5.95%$120.46
20,200 at 5.96%$120.59
20,200 at 5.97%$120.72
20,200 at 5.98%$120.85
20,200 at 5.99%$120.98
20,200 at 6%$121.11
20,200 at 6.01%$121.24
20,200 at 6.02%$121.37
20,200 at 6.03%$121.50
20,200 at 6.04%$121.63
20,200 at 6.05%$121.76
20,200 at 6.06%$121.89
20,200 at 6.07%$122.02
20,200 at 6.08%$122.15
20,200 at 6.09%$122.28
20,200 at 6.1%$122.41
20,200 at 6.11%$122.54
20,200 at 6.12%$122.67
20,200 at 6.13%$122.80
20,200 at 6.14%$122.93
20,200 at 6.15%$123.06
20,200 at 6.16%$123.19
20,200 at 6.17%$123.33
20,200 at 6.18%$123.46
20,200 at 6.19%$123.59
20,200 at 6.2%$123.72
20,200 at 6.21%$123.85
20,200 at 6.22%$123.98
20,200 at 6.23%$124.11
20,200 at 6.24%$124.24
20,200 at 6.25%$124.37
20,200 at 6.26%$124.51
20,200 at 6.27%$124.64
20,200 at 6.28%$124.77
20,200 at 6.29%$124.90
20,200 at 6.3%$125.03
20,200 at 6.31%$125.16
20,200 at 6.32%$125.30
20,200 at 6.33%$125.43
20,200 at 6.34%$125.56
20,200 at 6.35%$125.69
20,200 at 6.36%$125.82
20,200 at 6.37%$125.96
20,200 at 6.38%$126.09
20,200 at 6.39%$126.22
20,200 at 6.4%$126.35
20,200 at 6.41%$126.48
20,200 at 6.42%$126.62
20,200 at 6.43%$126.75
20,200 at 6.44%$126.88
20,200 at 6.45%$127.01
20,200 at 6.46%$127.15
20,200 at 6.47%$127.28
20,200 at 6.48%$127.41
20,200 at 6.49%$127.54
20,200 at 6.5%$127.68
Interest Rate 30 Year
20,200 at 6.51%$127.81
20,200 at 6.52%$127.94
20,200 at 6.53%$128.08
20,200 at 6.54%$128.21
20,200 at 6.55%$128.34
20,200 at 6.56%$128.48
20,200 at 6.57%$128.61
20,200 at 6.58%$128.74
20,200 at 6.59%$128.88
20,200 at 6.6%$129.01
20,200 at 6.61%$129.14
20,200 at 6.62%$129.28
20,200 at 6.63%$129.41
20,200 at 6.64%$129.54
20,200 at 6.65%$129.68
20,200 at 6.66%$129.81
20,200 at 6.67%$129.94
20,200 at 6.68%$130.08
20,200 at 6.69%$130.21
20,200 at 6.7%$130.35
20,200 at 6.71%$130.48
20,200 at 6.72%$130.61
20,200 at 6.73%$130.75
20,200 at 6.74%$130.88
20,200 at 6.75%$131.02
20,200 at 6.76%$131.15
20,200 at 6.77%$131.29
20,200 at 6.78%$131.42
20,200 at 6.79%$131.55
20,200 at 6.8%$131.69
20,200 at 6.81%$131.82
20,200 at 6.82%$131.96
20,200 at 6.83%$132.09
20,200 at 6.84%$132.23
20,200 at 6.85%$132.36
20,200 at 6.86%$132.50
20,200 at 6.87%$132.63
20,200 at 6.88%$132.77
20,200 at 6.89%$132.90
20,200 at 6.9%$133.04
20,200 at 6.91%$133.17
20,200 at 6.92%$133.31
20,200 at 6.93%$133.44
20,200 at 6.94%$133.58
20,200 at 6.95%$133.71
20,200 at 6.96%$133.85
20,200 at 6.97%$133.98
20,200 at 6.98%$134.12
20,200 at 6.99%$134.26
20,200 at 7%$134.39
20,200 at 7.01%$134.53
20,200 at 7.02%$134.66
20,200 at 7.03%$134.80
20,200 at 7.04%$134.93
20,200 at 7.05%$135.07
20,200 at 7.06%$135.21
20,200 at 7.07%$135.34
20,200 at 7.08%$135.48
20,200 at 7.09%$135.61
20,200 at 7.1%$135.75
20,200 at 7.11%$135.89
20,200 at 7.12%$136.02
20,200 at 7.13%$136.16
20,200 at 7.14%$136.30
20,200 at 7.15%$136.43
20,200 at 7.16%$136.57
20,200 at 7.17%$136.71
20,200 at 7.18%$136.84
20,200 at 7.19%$136.98
20,200 at 7.2%$137.12
20,200 at 7.21%$137.25
20,200 at 7.22%$137.39
20,200 at 7.23%$137.53
20,200 at 7.24%$137.66
20,200 at 7.25%$137.80
20,200 at 7.26%$137.94
20,200 at 7.27%$138.07
20,200 at 7.28%$138.21
20,200 at 7.29%$138.35
20,200 at 7.3%$138.49
20,200 at 7.31%$138.62
20,200 at 7.32%$138.76
20,200 at 7.33%$138.90
20,200 at 7.34%$139.03
20,200 at 7.35%$139.17
20,200 at 7.36%$139.31
20,200 at 7.37%$139.45
20,200 at 7.38%$139.59
20,200 at 7.39%$139.72
20,200 at 7.4%$139.86
20,200 at 7.41%$140.00
20,200 at 7.42%$140.14
20,200 at 7.43%$140.27
20,200 at 7.44%$140.41
20,200 at 7.45%$140.55
20,200 at 7.46%$140.69
20,200 at 7.47%$140.83
20,200 at 7.48%$140.96
20,200 at 7.49%$141.10
20,200 at 7.5%$141.24
20,200 at 7.51%$141.38
20,200 at 7.52%$141.52
20,200 at 7.53%$141.66
20,200 at 7.54%$141.80
20,200 at 7.55%$141.93
20,200 at 7.56%$142.07
20,200 at 7.57%$142.21
20,200 at 7.58%$142.35
20,200 at 7.59%$142.49
20,200 at 7.6%$142.63
20,200 at 7.61%$142.77
20,200 at 7.62%$142.90
20,200 at 7.63%$143.04
20,200 at 7.64%$143.18
20,200 at 7.65%$143.32
20,200 at 7.66%$143.46
20,200 at 7.67%$143.60
20,200 at 7.68%$143.74
20,200 at 7.69%$143.88
20,200 at 7.7%$144.02
20,200 at 7.71%$144.16
20,200 at 7.72%$144.30
20,200 at 7.73%$144.44
20,200 at 7.74%$144.58
20,200 at 7.75%$144.72
20,200 at 7.76%$144.85
20,200 at 7.77%$144.99
20,200 at 7.78%$145.13
20,200 at 7.79%$145.27
20,200 at 7.8%$145.41
20,200 at 7.81%$145.55
20,200 at 7.82%$145.69
20,200 at 7.83%$145.83
20,200 at 7.84%$145.97
20,200 at 7.85%$146.11
20,200 at 7.86%$146.25
20,200 at 7.87%$146.39
20,200 at 7.88%$146.53
20,200 at 7.89%$146.67
20,200 at 7.9%$146.81
20,200 at 7.91%$146.96
20,200 at 7.92%$147.10
20,200 at 7.93%$147.24
20,200 at 7.94%$147.38
20,200 at 7.95%$147.52
20,200 at 7.96%$147.66
20,200 at 7.97%$147.80
20,200 at 7.98%$147.94
20,200 at 7.99%$148.08
20,200 at 8%$148.22
More Amounts
What is the down payment for a $20,200 house? How much do you need to put down?
Percent Down Down Payment
1%202
2%404
3%606
4%808
5%1,010
6%1,212
7%1,414
8%1,616
9%1,818
10%2,020
11%2,222
12%2,424
13%2,626
14%2,828
15%3,030
16%3,232
17%3,434
18%3,636
19%3,838
20%4,040
Percent Down Down Payment
21%4,242
22%4,444
23%4,646
24%4,848
25%5,050
26%5,252
27%5,454
28%5,656
29%5,858
30%6,060
31%6,262
32%6,464
33%6,666
34%6,868
35%7,070
36%7,272
37%7,474
38%7,676
39%7,878
40%8,080
Percent Down Down Payment
41%8,282
42%8,484
43%8,686
44%8,888
45%9,090
46%9,292
47%9,494
48%9,696
49%9,898
50%10,100
51%10,302
52%10,504
53%10,706
54%10,908
55%11,110
56%11,312
57%11,514
58%11,716
59%11,918
60%12,120
Percent Down Down Payment
61%12,322
62%12,524
63%12,726
64%12,928
65%13,130
66%13,332
67%13,534
68%13,736
69%13,938
70%14,140
71%14,342
72%14,544
73%14,746
74%14,948
75%15,150
76%15,352
77%15,554
78%15,756
79%15,958
80%16,160
Percent Down Down Payment
81%16,362
82%16,564
83%16,766
84%16,968
85%17,170
86%17,372
87%17,574
88%17,776
89%17,978
90%18,180
91%18,382
92%18,584
93%18,786
94%18,988
95%19,190
96%19,392
97%19,594
98%19,796
99%19,998
100%20,200
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.