$20,900 Mortgage for 30 Years

What is the monthly payment of a 20,900 dollar loan?
$
$
%
%
years
Loan Tables for a $20,900 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 21k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $20,900 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
20,900 at 2.01%$77.36
20,900 at 2.02%$77.46
20,900 at 2.03%$77.56
20,900 at 2.04%$77.67
20,900 at 2.05%$77.77
20,900 at 2.06%$77.88
20,900 at 2.07%$77.98
20,900 at 2.08%$78.09
20,900 at 2.09%$78.19
20,900 at 2.1%$78.30
20,900 at 2.11%$78.41
20,900 at 2.12%$78.51
20,900 at 2.13%$78.62
20,900 at 2.14%$78.72
20,900 at 2.15%$78.83
20,900 at 2.16%$78.93
20,900 at 2.17%$79.04
20,900 at 2.18%$79.15
20,900 at 2.19%$79.25
20,900 at 2.2%$79.36
20,900 at 2.21%$79.46
20,900 at 2.22%$79.57
20,900 at 2.23%$79.68
20,900 at 2.24%$79.78
20,900 at 2.25%$79.89
20,900 at 2.26%$80.00
20,900 at 2.27%$80.10
20,900 at 2.28%$80.21
20,900 at 2.29%$80.32
20,900 at 2.3%$80.42
20,900 at 2.31%$80.53
20,900 at 2.32%$80.64
20,900 at 2.33%$80.74
20,900 at 2.34%$80.85
20,900 at 2.35%$80.96
20,900 at 2.36%$81.07
20,900 at 2.37%$81.17
20,900 at 2.38%$81.28
20,900 at 2.39%$81.39
20,900 at 2.4%$81.50
20,900 at 2.41%$81.61
20,900 at 2.42%$81.71
20,900 at 2.43%$81.82
20,900 at 2.44%$81.93
20,900 at 2.45%$82.04
20,900 at 2.46%$82.15
20,900 at 2.47%$82.25
20,900 at 2.48%$82.36
20,900 at 2.49%$82.47
20,900 at 2.5%$82.58
20,900 at 2.51%$82.69
20,900 at 2.52%$82.80
20,900 at 2.53%$82.91
20,900 at 2.54%$83.02
20,900 at 2.55%$83.12
20,900 at 2.56%$83.23
20,900 at 2.57%$83.34
20,900 at 2.58%$83.45
20,900 at 2.59%$83.56
20,900 at 2.6%$83.67
20,900 at 2.61%$83.78
20,900 at 2.62%$83.89
20,900 at 2.63%$84.00
20,900 at 2.64%$84.11
20,900 at 2.65%$84.22
20,900 at 2.66%$84.33
20,900 at 2.67%$84.44
20,900 at 2.68%$84.55
20,900 at 2.69%$84.66
20,900 at 2.7%$84.77
20,900 at 2.71%$84.88
20,900 at 2.72%$84.99
20,900 at 2.73%$85.10
20,900 at 2.74%$85.21
20,900 at 2.75%$85.32
20,900 at 2.76%$85.43
20,900 at 2.77%$85.54
20,900 at 2.78%$85.65
20,900 at 2.79%$85.77
20,900 at 2.8%$85.88
20,900 at 2.81%$85.99
20,900 at 2.82%$86.10
20,900 at 2.83%$86.21
20,900 at 2.84%$86.32
20,900 at 2.85%$86.43
20,900 at 2.86%$86.55
20,900 at 2.87%$86.66
20,900 at 2.88%$86.77
20,900 at 2.89%$86.88
20,900 at 2.9%$86.99
20,900 at 2.91%$87.10
20,900 at 2.92%$87.22
20,900 at 2.93%$87.33
20,900 at 2.94%$87.44
20,900 at 2.95%$87.55
20,900 at 2.96%$87.67
20,900 at 2.97%$87.78
20,900 at 2.98%$87.89
20,900 at 2.99%$88.00
20,900 at 3%$88.12
20,900 at 3.01%$88.23
20,900 at 3.02%$88.34
20,900 at 3.03%$88.45
20,900 at 3.04%$88.57
20,900 at 3.05%$88.68
20,900 at 3.06%$88.79
20,900 at 3.07%$88.91
20,900 at 3.08%$89.02
20,900 at 3.09%$89.13
20,900 at 3.1%$89.25
20,900 at 3.11%$89.36
20,900 at 3.12%$89.47
20,900 at 3.13%$89.59
20,900 at 3.14%$89.70
20,900 at 3.15%$89.82
20,900 at 3.16%$89.93
20,900 at 3.17%$90.04
20,900 at 3.18%$90.16
20,900 at 3.19%$90.27
20,900 at 3.2%$90.39
20,900 at 3.21%$90.50
20,900 at 3.22%$90.61
20,900 at 3.23%$90.73
20,900 at 3.24%$90.84
20,900 at 3.25%$90.96
20,900 at 3.26%$91.07
20,900 at 3.27%$91.19
20,900 at 3.28%$91.30
20,900 at 3.29%$91.42
20,900 at 3.3%$91.53
20,900 at 3.31%$91.65
20,900 at 3.32%$91.76
20,900 at 3.33%$91.88
20,900 at 3.34%$91.99
20,900 at 3.35%$92.11
20,900 at 3.36%$92.22
20,900 at 3.37%$92.34
20,900 at 3.38%$92.46
20,900 at 3.39%$92.57
20,900 at 3.4%$92.69
20,900 at 3.41%$92.80
20,900 at 3.42%$92.92
20,900 at 3.43%$93.04
20,900 at 3.44%$93.15
20,900 at 3.45%$93.27
20,900 at 3.46%$93.38
20,900 at 3.47%$93.50
20,900 at 3.48%$93.62
20,900 at 3.49%$93.73
20,900 at 3.5%$93.85
Interest Rate 30 Year
20,900 at 3.51%$93.97
20,900 at 3.52%$94.08
20,900 at 3.53%$94.20
20,900 at 3.54%$94.32
20,900 at 3.55%$94.43
20,900 at 3.56%$94.55
20,900 at 3.57%$94.67
20,900 at 3.58%$94.79
20,900 at 3.59%$94.90
20,900 at 3.6%$95.02
20,900 at 3.61%$95.14
20,900 at 3.62%$95.26
20,900 at 3.63%$95.37
20,900 at 3.64%$95.49
20,900 at 3.65%$95.61
20,900 at 3.66%$95.73
20,900 at 3.67%$95.84
20,900 at 3.68%$95.96
20,900 at 3.69%$96.08
20,900 at 3.7%$96.20
20,900 at 3.71%$96.32
20,900 at 3.72%$96.44
20,900 at 3.73%$96.55
20,900 at 3.74%$96.67
20,900 at 3.75%$96.79
20,900 at 3.76%$96.91
20,900 at 3.77%$97.03
20,900 at 3.78%$97.15
20,900 at 3.79%$97.27
20,900 at 3.8%$97.39
20,900 at 3.81%$97.50
20,900 at 3.82%$97.62
20,900 at 3.83%$97.74
20,900 at 3.84%$97.86
20,900 at 3.85%$97.98
20,900 at 3.86%$98.10
20,900 at 3.87%$98.22
20,900 at 3.88%$98.34
20,900 at 3.89%$98.46
20,900 at 3.9%$98.58
20,900 at 3.91%$98.70
20,900 at 3.92%$98.82
20,900 at 3.93%$98.94
20,900 at 3.94%$99.06
20,900 at 3.95%$99.18
20,900 at 3.96%$99.30
20,900 at 3.97%$99.42
20,900 at 3.98%$99.54
20,900 at 3.99%$99.66
20,900 at 4%$99.78
20,900 at 4.01%$99.90
20,900 at 4.02%$100.02
20,900 at 4.03%$100.14
20,900 at 4.04%$100.26
20,900 at 4.05%$100.38
20,900 at 4.06%$100.50
20,900 at 4.07%$100.63
20,900 at 4.08%$100.75
20,900 at 4.09%$100.87
20,900 at 4.1%$100.99
20,900 at 4.11%$101.11
20,900 at 4.12%$101.23
20,900 at 4.13%$101.35
20,900 at 4.14%$101.47
20,900 at 4.15%$101.60
20,900 at 4.16%$101.72
20,900 at 4.17%$101.84
20,900 at 4.18%$101.96
20,900 at 4.19%$102.08
20,900 at 4.2%$102.20
20,900 at 4.21%$102.33
20,900 at 4.22%$102.45
20,900 at 4.23%$102.57
20,900 at 4.24%$102.69
20,900 at 4.25%$102.82
20,900 at 4.26%$102.94
20,900 at 4.27%$103.06
20,900 at 4.28%$103.18
20,900 at 4.29%$103.31
20,900 at 4.3%$103.43
20,900 at 4.31%$103.55
20,900 at 4.32%$103.67
20,900 at 4.33%$103.80
20,900 at 4.34%$103.92
20,900 at 4.35%$104.04
20,900 at 4.36%$104.17
20,900 at 4.37%$104.29
20,900 at 4.38%$104.41
20,900 at 4.39%$104.54
20,900 at 4.4%$104.66
20,900 at 4.41%$104.78
20,900 at 4.42%$104.91
20,900 at 4.43%$105.03
20,900 at 4.44%$105.15
20,900 at 4.45%$105.28
20,900 at 4.46%$105.40
20,900 at 4.47%$105.53
20,900 at 4.48%$105.65
20,900 at 4.49%$105.77
20,900 at 4.5%$105.90
20,900 at 4.51%$106.02
20,900 at 4.52%$106.15
20,900 at 4.53%$106.27
20,900 at 4.54%$106.39
20,900 at 4.55%$106.52
20,900 at 4.56%$106.64
20,900 at 4.57%$106.77
20,900 at 4.58%$106.89
20,900 at 4.59%$107.02
20,900 at 4.6%$107.14
20,900 at 4.61%$107.27
20,900 at 4.62%$107.39
20,900 at 4.63%$107.52
20,900 at 4.64%$107.64
20,900 at 4.65%$107.77
20,900 at 4.66%$107.89
20,900 at 4.67%$108.02
20,900 at 4.68%$108.14
20,900 at 4.69%$108.27
20,900 at 4.7%$108.40
20,900 at 4.71%$108.52
20,900 at 4.72%$108.65
20,900 at 4.73%$108.77
20,900 at 4.74%$108.90
20,900 at 4.75%$109.02
20,900 at 4.76%$109.15
20,900 at 4.77%$109.28
20,900 at 4.78%$109.40
20,900 at 4.79%$109.53
20,900 at 4.8%$109.66
20,900 at 4.81%$109.78
20,900 at 4.82%$109.91
20,900 at 4.83%$110.03
20,900 at 4.84%$110.16
20,900 at 4.85%$110.29
20,900 at 4.86%$110.41
20,900 at 4.87%$110.54
20,900 at 4.88%$110.67
20,900 at 4.89%$110.79
20,900 at 4.9%$110.92
20,900 at 4.91%$111.05
20,900 at 4.92%$111.18
20,900 at 4.93%$111.30
20,900 at 4.94%$111.43
20,900 at 4.95%$111.56
20,900 at 4.96%$111.69
20,900 at 4.97%$111.81
20,900 at 4.98%$111.94
20,900 at 4.99%$112.07
20,900 at 5%$112.20
Interest Rate 30 Year
20,900 at 5.01%$112.32
20,900 at 5.02%$112.45
20,900 at 5.03%$112.58
20,900 at 5.04%$112.71
20,900 at 5.05%$112.84
20,900 at 5.06%$112.96
20,900 at 5.07%$113.09
20,900 at 5.08%$113.22
20,900 at 5.09%$113.35
20,900 at 5.1%$113.48
20,900 at 5.11%$113.60
20,900 at 5.12%$113.73
20,900 at 5.13%$113.86
20,900 at 5.14%$113.99
20,900 at 5.15%$114.12
20,900 at 5.16%$114.25
20,900 at 5.17%$114.38
20,900 at 5.18%$114.51
20,900 at 5.19%$114.64
20,900 at 5.2%$114.76
20,900 at 5.21%$114.89
20,900 at 5.22%$115.02
20,900 at 5.23%$115.15
20,900 at 5.24%$115.28
20,900 at 5.25%$115.41
20,900 at 5.26%$115.54
20,900 at 5.27%$115.67
20,900 at 5.28%$115.80
20,900 at 5.29%$115.93
20,900 at 5.3%$116.06
20,900 at 5.31%$116.19
20,900 at 5.32%$116.32
20,900 at 5.33%$116.45
20,900 at 5.34%$116.58
20,900 at 5.35%$116.71
20,900 at 5.36%$116.84
20,900 at 5.37%$116.97
20,900 at 5.38%$117.10
20,900 at 5.39%$117.23
20,900 at 5.4%$117.36
20,900 at 5.41%$117.49
20,900 at 5.42%$117.62
20,900 at 5.43%$117.75
20,900 at 5.44%$117.88
20,900 at 5.45%$118.01
20,900 at 5.46%$118.14
20,900 at 5.47%$118.27
20,900 at 5.48%$118.41
20,900 at 5.49%$118.54
20,900 at 5.5%$118.67
20,900 at 5.51%$118.80
20,900 at 5.52%$118.93
20,900 at 5.53%$119.06
20,900 at 5.54%$119.19
20,900 at 5.55%$119.32
20,900 at 5.56%$119.46
20,900 at 5.57%$119.59
20,900 at 5.58%$119.72
20,900 at 5.59%$119.85
20,900 at 5.6%$119.98
20,900 at 5.61%$120.11
20,900 at 5.62%$120.25
20,900 at 5.63%$120.38
20,900 at 5.64%$120.51
20,900 at 5.65%$120.64
20,900 at 5.66%$120.77
20,900 at 5.67%$120.91
20,900 at 5.68%$121.04
20,900 at 5.69%$121.17
20,900 at 5.7%$121.30
20,900 at 5.71%$121.44
20,900 at 5.72%$121.57
20,900 at 5.73%$121.70
20,900 at 5.74%$121.83
20,900 at 5.75%$121.97
20,900 at 5.76%$122.10
20,900 at 5.77%$122.23
20,900 at 5.78%$122.37
20,900 at 5.79%$122.50
20,900 at 5.8%$122.63
20,900 at 5.81%$122.76
20,900 at 5.82%$122.90
20,900 at 5.83%$123.03
20,900 at 5.84%$123.16
20,900 at 5.85%$123.30
20,900 at 5.86%$123.43
20,900 at 5.87%$123.56
20,900 at 5.88%$123.70
20,900 at 5.89%$123.83
20,900 at 5.9%$123.97
20,900 at 5.91%$124.10
20,900 at 5.92%$124.23
20,900 at 5.93%$124.37
20,900 at 5.94%$124.50
20,900 at 5.95%$124.64
20,900 at 5.96%$124.77
20,900 at 5.97%$124.90
20,900 at 5.98%$125.04
20,900 at 5.99%$125.17
20,900 at 6%$125.31
20,900 at 6.01%$125.44
20,900 at 6.02%$125.57
20,900 at 6.03%$125.71
20,900 at 6.04%$125.84
20,900 at 6.05%$125.98
20,900 at 6.06%$126.11
20,900 at 6.07%$126.25
20,900 at 6.08%$126.38
20,900 at 6.09%$126.52
20,900 at 6.1%$126.65
20,900 at 6.11%$126.79
20,900 at 6.12%$126.92
20,900 at 6.13%$127.06
20,900 at 6.14%$127.19
20,900 at 6.15%$127.33
20,900 at 6.16%$127.46
20,900 at 6.17%$127.60
20,900 at 6.18%$127.73
20,900 at 6.19%$127.87
20,900 at 6.2%$128.01
20,900 at 6.21%$128.14
20,900 at 6.22%$128.28
20,900 at 6.23%$128.41
20,900 at 6.24%$128.55
20,900 at 6.25%$128.68
20,900 at 6.26%$128.82
20,900 at 6.27%$128.96
20,900 at 6.28%$129.09
20,900 at 6.29%$129.23
20,900 at 6.3%$129.37
20,900 at 6.31%$129.50
20,900 at 6.32%$129.64
20,900 at 6.33%$129.77
20,900 at 6.34%$129.91
20,900 at 6.35%$130.05
20,900 at 6.36%$130.18
20,900 at 6.37%$130.32
20,900 at 6.38%$130.46
20,900 at 6.39%$130.59
20,900 at 6.4%$130.73
20,900 at 6.41%$130.87
20,900 at 6.42%$131.00
20,900 at 6.43%$131.14
20,900 at 6.44%$131.28
20,900 at 6.45%$131.42
20,900 at 6.46%$131.55
20,900 at 6.47%$131.69
20,900 at 6.48%$131.83
20,900 at 6.49%$131.96
20,900 at 6.5%$132.10
Interest Rate 30 Year
20,900 at 6.51%$132.24
20,900 at 6.52%$132.38
20,900 at 6.53%$132.51
20,900 at 6.54%$132.65
20,900 at 6.55%$132.79
20,900 at 6.56%$132.93
20,900 at 6.57%$133.07
20,900 at 6.58%$133.20
20,900 at 6.59%$133.34
20,900 at 6.6%$133.48
20,900 at 6.61%$133.62
20,900 at 6.62%$133.76
20,900 at 6.63%$133.89
20,900 at 6.64%$134.03
20,900 at 6.65%$134.17
20,900 at 6.66%$134.31
20,900 at 6.67%$134.45
20,900 at 6.68%$134.59
20,900 at 6.69%$134.72
20,900 at 6.7%$134.86
20,900 at 6.71%$135.00
20,900 at 6.72%$135.14
20,900 at 6.73%$135.28
20,900 at 6.74%$135.42
20,900 at 6.75%$135.56
20,900 at 6.76%$135.70
20,900 at 6.77%$135.83
20,900 at 6.78%$135.97
20,900 at 6.79%$136.11
20,900 at 6.8%$136.25
20,900 at 6.81%$136.39
20,900 at 6.82%$136.53
20,900 at 6.83%$136.67
20,900 at 6.84%$136.81
20,900 at 6.85%$136.95
20,900 at 6.86%$137.09
20,900 at 6.87%$137.23
20,900 at 6.88%$137.37
20,900 at 6.89%$137.51
20,900 at 6.9%$137.65
20,900 at 6.91%$137.79
20,900 at 6.92%$137.93
20,900 at 6.93%$138.07
20,900 at 6.94%$138.21
20,900 at 6.95%$138.35
20,900 at 6.96%$138.49
20,900 at 6.97%$138.63
20,900 at 6.98%$138.77
20,900 at 6.99%$138.91
20,900 at 7%$139.05
20,900 at 7.01%$139.19
20,900 at 7.02%$139.33
20,900 at 7.03%$139.47
20,900 at 7.04%$139.61
20,900 at 7.05%$139.75
20,900 at 7.06%$139.89
20,900 at 7.07%$140.03
20,900 at 7.08%$140.17
20,900 at 7.09%$140.31
20,900 at 7.1%$140.45
20,900 at 7.11%$140.60
20,900 at 7.12%$140.74
20,900 at 7.13%$140.88
20,900 at 7.14%$141.02
20,900 at 7.15%$141.16
20,900 at 7.16%$141.30
20,900 at 7.17%$141.44
20,900 at 7.18%$141.58
20,900 at 7.19%$141.73
20,900 at 7.2%$141.87
20,900 at 7.21%$142.01
20,900 at 7.22%$142.15
20,900 at 7.23%$142.29
20,900 at 7.24%$142.43
20,900 at 7.25%$142.57
20,900 at 7.26%$142.72
20,900 at 7.27%$142.86
20,900 at 7.28%$143.00
20,900 at 7.29%$143.14
20,900 at 7.3%$143.28
20,900 at 7.31%$143.43
20,900 at 7.32%$143.57
20,900 at 7.33%$143.71
20,900 at 7.34%$143.85
20,900 at 7.35%$144.00
20,900 at 7.36%$144.14
20,900 at 7.37%$144.28
20,900 at 7.38%$144.42
20,900 at 7.39%$144.56
20,900 at 7.4%$144.71
20,900 at 7.41%$144.85
20,900 at 7.42%$144.99
20,900 at 7.43%$145.14
20,900 at 7.44%$145.28
20,900 at 7.45%$145.42
20,900 at 7.46%$145.56
20,900 at 7.47%$145.71
20,900 at 7.48%$145.85
20,900 at 7.49%$145.99
20,900 at 7.5%$146.14
20,900 at 7.51%$146.28
20,900 at 7.52%$146.42
20,900 at 7.53%$146.57
20,900 at 7.54%$146.71
20,900 at 7.55%$146.85
20,900 at 7.56%$147.00
20,900 at 7.57%$147.14
20,900 at 7.58%$147.28
20,900 at 7.59%$147.43
20,900 at 7.6%$147.57
20,900 at 7.61%$147.71
20,900 at 7.62%$147.86
20,900 at 7.63%$148.00
20,900 at 7.64%$148.14
20,900 at 7.65%$148.29
20,900 at 7.66%$148.43
20,900 at 7.67%$148.58
20,900 at 7.68%$148.72
20,900 at 7.69%$148.86
20,900 at 7.7%$149.01
20,900 at 7.71%$149.15
20,900 at 7.72%$149.30
20,900 at 7.73%$149.44
20,900 at 7.74%$149.59
20,900 at 7.75%$149.73
20,900 at 7.76%$149.87
20,900 at 7.77%$150.02
20,900 at 7.78%$150.16
20,900 at 7.79%$150.31
20,900 at 7.8%$150.45
20,900 at 7.81%$150.60
20,900 at 7.82%$150.74
20,900 at 7.83%$150.89
20,900 at 7.84%$151.03
20,900 at 7.85%$151.18
20,900 at 7.86%$151.32
20,900 at 7.87%$151.47
20,900 at 7.88%$151.61
20,900 at 7.89%$151.76
20,900 at 7.9%$151.90
20,900 at 7.91%$152.05
20,900 at 7.92%$152.19
20,900 at 7.93%$152.34
20,900 at 7.94%$152.48
20,900 at 7.95%$152.63
20,900 at 7.96%$152.77
20,900 at 7.97%$152.92
20,900 at 7.98%$153.07
20,900 at 7.99%$153.21
20,900 at 8%$153.36
More Amounts
What is the down payment for a $20,900 house? How much do you need to put down?
Percent Down Down Payment
1%209
2%418
3%627
4%836
5%1,045
6%1,254
7%1,463
8%1,672
9%1,881
10%2,090
11%2,299
12%2,508
13%2,717
14%2,926
15%3,135
16%3,344
17%3,553
18%3,762
19%3,971
20%4,180
Percent Down Down Payment
21%4,389
22%4,598
23%4,807
24%5,016
25%5,225
26%5,434
27%5,643
28%5,852
29%6,061
30%6,270
31%6,479
32%6,688
33%6,897
34%7,106
35%7,315
36%7,524
37%7,733
38%7,942
39%8,151
40%8,360
Percent Down Down Payment
41%8,569
42%8,778
43%8,987
44%9,196
45%9,405
46%9,614
47%9,823
48%10,032
49%10,241
50%10,450
51%10,659
52%10,868
53%11,077
54%11,286
55%11,495
56%11,704
57%11,913
58%12,122
59%12,331
60%12,540
Percent Down Down Payment
61%12,749
62%12,958
63%13,167
64%13,376
65%13,585
66%13,794
67%14,003
68%14,212
69%14,421
70%14,630
71%14,839
72%15,048
73%15,257
74%15,466
75%15,675
76%15,884
77%16,093
78%16,302
79%16,511
80%16,720
Percent Down Down Payment
81%16,929
82%17,138
83%17,347
84%17,556
85%17,765
86%17,974
87%18,183
88%18,392
89%18,601
90%18,810
91%19,019
92%19,228
93%19,437
94%19,646
95%19,855
96%20,064
97%20,273
98%20,482
99%20,691
100%20,900
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.