$33,750 Mortgage for 30 Years

What is the monthly payment of a 33,750 dollar loan?
$
$
%
%
years
Loan Tables for a $33,750 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 34k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $33,750 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
33,750 at 2.01%$124.92
33,750 at 2.02%$125.08
33,750 at 2.03%$125.25
33,750 at 2.04%$125.42
33,750 at 2.05%$125.59
33,750 at 2.06%$125.76
33,750 at 2.07%$125.93
33,750 at 2.08%$126.10
33,750 at 2.09%$126.27
33,750 at 2.1%$126.44
33,750 at 2.11%$126.61
33,750 at 2.12%$126.78
33,750 at 2.13%$126.95
33,750 at 2.14%$127.12
33,750 at 2.15%$127.29
33,750 at 2.16%$127.46
33,750 at 2.17%$127.64
33,750 at 2.18%$127.81
33,750 at 2.19%$127.98
33,750 at 2.2%$128.15
33,750 at 2.21%$128.32
33,750 at 2.22%$128.49
33,750 at 2.23%$128.66
33,750 at 2.24%$128.84
33,750 at 2.25%$129.01
33,750 at 2.26%$129.18
33,750 at 2.27%$129.35
33,750 at 2.28%$129.53
33,750 at 2.29%$129.70
33,750 at 2.3%$129.87
33,750 at 2.31%$130.04
33,750 at 2.32%$130.22
33,750 at 2.33%$130.39
33,750 at 2.34%$130.56
33,750 at 2.35%$130.74
33,750 at 2.36%$130.91
33,750 at 2.37%$131.08
33,750 at 2.38%$131.26
33,750 at 2.39%$131.43
33,750 at 2.4%$131.61
33,750 at 2.41%$131.78
33,750 at 2.42%$131.95
33,750 at 2.43%$132.13
33,750 at 2.44%$132.30
33,750 at 2.45%$132.48
33,750 at 2.46%$132.65
33,750 at 2.47%$132.83
33,750 at 2.48%$133.00
33,750 at 2.49%$133.18
33,750 at 2.5%$133.35
33,750 at 2.51%$133.53
33,750 at 2.52%$133.70
33,750 at 2.53%$133.88
33,750 at 2.54%$134.06
33,750 at 2.55%$134.23
33,750 at 2.56%$134.41
33,750 at 2.57%$134.58
33,750 at 2.58%$134.76
33,750 at 2.59%$134.94
33,750 at 2.6%$135.11
33,750 at 2.61%$135.29
33,750 at 2.62%$135.47
33,750 at 2.63%$135.65
33,750 at 2.64%$135.82
33,750 at 2.65%$136.00
33,750 at 2.66%$136.18
33,750 at 2.67%$136.36
33,750 at 2.68%$136.53
33,750 at 2.69%$136.71
33,750 at 2.7%$136.89
33,750 at 2.71%$137.07
33,750 at 2.72%$137.25
33,750 at 2.73%$137.42
33,750 at 2.74%$137.60
33,750 at 2.75%$137.78
33,750 at 2.76%$137.96
33,750 at 2.77%$138.14
33,750 at 2.78%$138.32
33,750 at 2.79%$138.50
33,750 at 2.8%$138.68
33,750 at 2.81%$138.86
33,750 at 2.82%$139.04
33,750 at 2.83%$139.22
33,750 at 2.84%$139.40
33,750 at 2.85%$139.58
33,750 at 2.86%$139.76
33,750 at 2.87%$139.94
33,750 at 2.88%$140.12
33,750 at 2.89%$140.30
33,750 at 2.9%$140.48
33,750 at 2.91%$140.66
33,750 at 2.92%$140.84
33,750 at 2.93%$141.02
33,750 at 2.94%$141.20
33,750 at 2.95%$141.38
33,750 at 2.96%$141.56
33,750 at 2.97%$141.75
33,750 at 2.98%$141.93
33,750 at 2.99%$142.11
33,750 at 3%$142.29
33,750 at 3.01%$142.47
33,750 at 3.02%$142.66
33,750 at 3.03%$142.84
33,750 at 3.04%$143.02
33,750 at 3.05%$143.20
33,750 at 3.06%$143.39
33,750 at 3.07%$143.57
33,750 at 3.08%$143.75
33,750 at 3.09%$143.93
33,750 at 3.1%$144.12
33,750 at 3.11%$144.30
33,750 at 3.12%$144.48
33,750 at 3.13%$144.67
33,750 at 3.14%$144.85
33,750 at 3.15%$145.04
33,750 at 3.16%$145.22
33,750 at 3.17%$145.40
33,750 at 3.18%$145.59
33,750 at 3.19%$145.77
33,750 at 3.2%$145.96
33,750 at 3.21%$146.14
33,750 at 3.22%$146.33
33,750 at 3.23%$146.51
33,750 at 3.24%$146.70
33,750 at 3.25%$146.88
33,750 at 3.26%$147.07
33,750 at 3.27%$147.25
33,750 at 3.28%$147.44
33,750 at 3.29%$147.62
33,750 at 3.3%$147.81
33,750 at 3.31%$148.00
33,750 at 3.32%$148.18
33,750 at 3.33%$148.37
33,750 at 3.34%$148.55
33,750 at 3.35%$148.74
33,750 at 3.36%$148.93
33,750 at 3.37%$149.11
33,750 at 3.38%$149.30
33,750 at 3.39%$149.49
33,750 at 3.4%$149.67
33,750 at 3.41%$149.86
33,750 at 3.42%$150.05
33,750 at 3.43%$150.24
33,750 at 3.44%$150.42
33,750 at 3.45%$150.61
33,750 at 3.46%$150.80
33,750 at 3.47%$150.99
33,750 at 3.48%$151.18
33,750 at 3.49%$151.36
33,750 at 3.5%$151.55
Interest Rate 30 Year
33,750 at 3.51%$151.74
33,750 at 3.52%$151.93
33,750 at 3.53%$152.12
33,750 at 3.54%$152.31
33,750 at 3.55%$152.50
33,750 at 3.56%$152.69
33,750 at 3.57%$152.87
33,750 at 3.58%$153.06
33,750 at 3.59%$153.25
33,750 at 3.6%$153.44
33,750 at 3.61%$153.63
33,750 at 3.62%$153.82
33,750 at 3.63%$154.01
33,750 at 3.64%$154.20
33,750 at 3.65%$154.39
33,750 at 3.66%$154.58
33,750 at 3.67%$154.77
33,750 at 3.68%$154.96
33,750 at 3.69%$155.15
33,750 at 3.7%$155.35
33,750 at 3.71%$155.54
33,750 at 3.72%$155.73
33,750 at 3.73%$155.92
33,750 at 3.74%$156.11
33,750 at 3.75%$156.30
33,750 at 3.76%$156.49
33,750 at 3.77%$156.68
33,750 at 3.78%$156.88
33,750 at 3.79%$157.07
33,750 at 3.8%$157.26
33,750 at 3.81%$157.45
33,750 at 3.82%$157.65
33,750 at 3.83%$157.84
33,750 at 3.84%$158.03
33,750 at 3.85%$158.22
33,750 at 3.86%$158.42
33,750 at 3.87%$158.61
33,750 at 3.88%$158.80
33,750 at 3.89%$158.99
33,750 at 3.9%$159.19
33,750 at 3.91%$159.38
33,750 at 3.92%$159.57
33,750 at 3.93%$159.77
33,750 at 3.94%$159.96
33,750 at 3.95%$160.16
33,750 at 3.96%$160.35
33,750 at 3.97%$160.54
33,750 at 3.98%$160.74
33,750 at 3.99%$160.93
33,750 at 4%$161.13
33,750 at 4.01%$161.32
33,750 at 4.02%$161.52
33,750 at 4.03%$161.71
33,750 at 4.04%$161.91
33,750 at 4.05%$162.10
33,750 at 4.06%$162.30
33,750 at 4.07%$162.49
33,750 at 4.08%$162.69
33,750 at 4.09%$162.88
33,750 at 4.1%$163.08
33,750 at 4.11%$163.28
33,750 at 4.12%$163.47
33,750 at 4.13%$163.67
33,750 at 4.14%$163.86
33,750 at 4.15%$164.06
33,750 at 4.16%$164.26
33,750 at 4.17%$164.45
33,750 at 4.18%$164.65
33,750 at 4.19%$164.85
33,750 at 4.2%$165.04
33,750 at 4.21%$165.24
33,750 at 4.22%$165.44
33,750 at 4.23%$165.63
33,750 at 4.24%$165.83
33,750 at 4.25%$166.03
33,750 at 4.26%$166.23
33,750 at 4.27%$166.43
33,750 at 4.28%$166.62
33,750 at 4.29%$166.82
33,750 at 4.3%$167.02
33,750 at 4.31%$167.22
33,750 at 4.32%$167.42
33,750 at 4.33%$167.61
33,750 at 4.34%$167.81
33,750 at 4.35%$168.01
33,750 at 4.36%$168.21
33,750 at 4.37%$168.41
33,750 at 4.38%$168.61
33,750 at 4.39%$168.81
33,750 at 4.4%$169.01
33,750 at 4.41%$169.21
33,750 at 4.42%$169.41
33,750 at 4.43%$169.61
33,750 at 4.44%$169.81
33,750 at 4.45%$170.01
33,750 at 4.46%$170.21
33,750 at 4.47%$170.41
33,750 at 4.48%$170.61
33,750 at 4.49%$170.81
33,750 at 4.5%$171.01
33,750 at 4.51%$171.21
33,750 at 4.52%$171.41
33,750 at 4.53%$171.61
33,750 at 4.54%$171.81
33,750 at 4.55%$172.01
33,750 at 4.56%$172.21
33,750 at 4.57%$172.41
33,750 at 4.58%$172.61
33,750 at 4.59%$172.82
33,750 at 4.6%$173.02
33,750 at 4.61%$173.22
33,750 at 4.62%$173.42
33,750 at 4.63%$173.62
33,750 at 4.64%$173.83
33,750 at 4.65%$174.03
33,750 at 4.66%$174.23
33,750 at 4.67%$174.43
33,750 at 4.68%$174.63
33,750 at 4.69%$174.84
33,750 at 4.7%$175.04
33,750 at 4.71%$175.24
33,750 at 4.72%$175.45
33,750 at 4.73%$175.65
33,750 at 4.74%$175.85
33,750 at 4.75%$176.06
33,750 at 4.76%$176.26
33,750 at 4.77%$176.46
33,750 at 4.78%$176.67
33,750 at 4.79%$176.87
33,750 at 4.8%$177.07
33,750 at 4.81%$177.28
33,750 at 4.82%$177.48
33,750 at 4.83%$177.69
33,750 at 4.84%$177.89
33,750 at 4.85%$178.10
33,750 at 4.86%$178.30
33,750 at 4.87%$178.51
33,750 at 4.88%$178.71
33,750 at 4.89%$178.92
33,750 at 4.9%$179.12
33,750 at 4.91%$179.33
33,750 at 4.92%$179.53
33,750 at 4.93%$179.74
33,750 at 4.94%$179.94
33,750 at 4.95%$180.15
33,750 at 4.96%$180.35
33,750 at 4.97%$180.56
33,750 at 4.98%$180.76
33,750 at 4.99%$180.97
33,750 at 5%$181.18
Interest Rate 30 Year
33,750 at 5.01%$181.38
33,750 at 5.02%$181.59
33,750 at 5.03%$181.80
33,750 at 5.04%$182.00
33,750 at 5.05%$182.21
33,750 at 5.06%$182.42
33,750 at 5.07%$182.62
33,750 at 5.08%$182.83
33,750 at 5.09%$183.04
33,750 at 5.1%$183.25
33,750 at 5.11%$183.45
33,750 at 5.12%$183.66
33,750 at 5.13%$183.87
33,750 at 5.14%$184.08
33,750 at 5.15%$184.28
33,750 at 5.16%$184.49
33,750 at 5.17%$184.70
33,750 at 5.18%$184.91
33,750 at 5.19%$185.12
33,750 at 5.2%$185.32
33,750 at 5.21%$185.53
33,750 at 5.22%$185.74
33,750 at 5.23%$185.95
33,750 at 5.24%$186.16
33,750 at 5.25%$186.37
33,750 at 5.26%$186.58
33,750 at 5.27%$186.79
33,750 at 5.28%$187.00
33,750 at 5.29%$187.21
33,750 at 5.3%$187.42
33,750 at 5.31%$187.62
33,750 at 5.32%$187.83
33,750 at 5.33%$188.04
33,750 at 5.34%$188.25
33,750 at 5.35%$188.46
33,750 at 5.36%$188.67
33,750 at 5.37%$188.89
33,750 at 5.38%$189.10
33,750 at 5.39%$189.31
33,750 at 5.4%$189.52
33,750 at 5.41%$189.73
33,750 at 5.42%$189.94
33,750 at 5.43%$190.15
33,750 at 5.44%$190.36
33,750 at 5.45%$190.57
33,750 at 5.46%$190.78
33,750 at 5.47%$190.99
33,750 at 5.48%$191.21
33,750 at 5.49%$191.42
33,750 at 5.5%$191.63
33,750 at 5.51%$191.84
33,750 at 5.52%$192.05
33,750 at 5.53%$192.26
33,750 at 5.54%$192.48
33,750 at 5.55%$192.69
33,750 at 5.56%$192.90
33,750 at 5.57%$193.11
33,750 at 5.58%$193.33
33,750 at 5.59%$193.54
33,750 at 5.6%$193.75
33,750 at 5.61%$193.96
33,750 at 5.62%$194.18
33,750 at 5.63%$194.39
33,750 at 5.64%$194.60
33,750 at 5.65%$194.82
33,750 at 5.66%$195.03
33,750 at 5.67%$195.24
33,750 at 5.68%$195.46
33,750 at 5.69%$195.67
33,750 at 5.7%$195.89
33,750 at 5.71%$196.10
33,750 at 5.72%$196.31
33,750 at 5.73%$196.53
33,750 at 5.74%$196.74
33,750 at 5.75%$196.96
33,750 at 5.76%$197.17
33,750 at 5.77%$197.38
33,750 at 5.78%$197.60
33,750 at 5.79%$197.81
33,750 at 5.8%$198.03
33,750 at 5.81%$198.24
33,750 at 5.82%$198.46
33,750 at 5.83%$198.67
33,750 at 5.84%$198.89
33,750 at 5.85%$199.11
33,750 at 5.86%$199.32
33,750 at 5.87%$199.54
33,750 at 5.88%$199.75
33,750 at 5.89%$199.97
33,750 at 5.9%$200.18
33,750 at 5.91%$200.40
33,750 at 5.92%$200.62
33,750 at 5.93%$200.83
33,750 at 5.94%$201.05
33,750 at 5.95%$201.26
33,750 at 5.96%$201.48
33,750 at 5.97%$201.70
33,750 at 5.98%$201.91
33,750 at 5.99%$202.13
33,750 at 6%$202.35
33,750 at 6.01%$202.57
33,750 at 6.02%$202.78
33,750 at 6.03%$203.00
33,750 at 6.04%$203.22
33,750 at 6.05%$203.43
33,750 at 6.06%$203.65
33,750 at 6.07%$203.87
33,750 at 6.08%$204.09
33,750 at 6.09%$204.31
33,750 at 6.1%$204.52
33,750 at 6.11%$204.74
33,750 at 6.12%$204.96
33,750 at 6.13%$205.18
33,750 at 6.14%$205.40
33,750 at 6.15%$205.61
33,750 at 6.16%$205.83
33,750 at 6.17%$206.05
33,750 at 6.18%$206.27
33,750 at 6.19%$206.49
33,750 at 6.2%$206.71
33,750 at 6.21%$206.93
33,750 at 6.22%$207.15
33,750 at 6.23%$207.37
33,750 at 6.24%$207.59
33,750 at 6.25%$207.80
33,750 at 6.26%$208.02
33,750 at 6.27%$208.24
33,750 at 6.28%$208.46
33,750 at 6.29%$208.68
33,750 at 6.3%$208.90
33,750 at 6.31%$209.12
33,750 at 6.32%$209.34
33,750 at 6.33%$209.56
33,750 at 6.34%$209.78
33,750 at 6.35%$210.00
33,750 at 6.36%$210.23
33,750 at 6.37%$210.45
33,750 at 6.38%$210.67
33,750 at 6.39%$210.89
33,750 at 6.4%$211.11
33,750 at 6.41%$211.33
33,750 at 6.42%$211.55
33,750 at 6.43%$211.77
33,750 at 6.44%$211.99
33,750 at 6.45%$212.21
33,750 at 6.46%$212.44
33,750 at 6.47%$212.66
33,750 at 6.48%$212.88
33,750 at 6.49%$213.10
33,750 at 6.5%$213.32
Interest Rate 30 Year
33,750 at 6.51%$213.54
33,750 at 6.52%$213.77
33,750 at 6.53%$213.99
33,750 at 6.54%$214.21
33,750 at 6.55%$214.43
33,750 at 6.56%$214.66
33,750 at 6.57%$214.88
33,750 at 6.58%$215.10
33,750 at 6.59%$215.32
33,750 at 6.6%$215.55
33,750 at 6.61%$215.77
33,750 at 6.62%$215.99
33,750 at 6.63%$216.22
33,750 at 6.64%$216.44
33,750 at 6.65%$216.66
33,750 at 6.66%$216.89
33,750 at 6.67%$217.11
33,750 at 6.68%$217.33
33,750 at 6.69%$217.56
33,750 at 6.7%$217.78
33,750 at 6.71%$218.01
33,750 at 6.72%$218.23
33,750 at 6.73%$218.45
33,750 at 6.74%$218.68
33,750 at 6.75%$218.90
33,750 at 6.76%$219.13
33,750 at 6.77%$219.35
33,750 at 6.78%$219.58
33,750 at 6.79%$219.80
33,750 at 6.8%$220.02
33,750 at 6.81%$220.25
33,750 at 6.82%$220.47
33,750 at 6.83%$220.70
33,750 at 6.84%$220.92
33,750 at 6.85%$221.15
33,750 at 6.86%$221.38
33,750 at 6.87%$221.60
33,750 at 6.88%$221.83
33,750 at 6.89%$222.05
33,750 at 6.9%$222.28
33,750 at 6.91%$222.50
33,750 at 6.92%$222.73
33,750 at 6.93%$222.96
33,750 at 6.94%$223.18
33,750 at 6.95%$223.41
33,750 at 6.96%$223.63
33,750 at 6.97%$223.86
33,750 at 6.98%$224.09
33,750 at 6.99%$224.31
33,750 at 7%$224.54
33,750 at 7.01%$224.77
33,750 at 7.02%$224.99
33,750 at 7.03%$225.22
33,750 at 7.04%$225.45
33,750 at 7.05%$225.67
33,750 at 7.06%$225.90
33,750 at 7.07%$226.13
33,750 at 7.08%$226.36
33,750 at 7.09%$226.58
33,750 at 7.1%$226.81
33,750 at 7.11%$227.04
33,750 at 7.12%$227.27
33,750 at 7.13%$227.49
33,750 at 7.14%$227.72
33,750 at 7.15%$227.95
33,750 at 7.16%$228.18
33,750 at 7.17%$228.41
33,750 at 7.18%$228.63
33,750 at 7.19%$228.86
33,750 at 7.2%$229.09
33,750 at 7.21%$229.32
33,750 at 7.22%$229.55
33,750 at 7.23%$229.78
33,750 at 7.24%$230.01
33,750 at 7.25%$230.23
33,750 at 7.26%$230.46
33,750 at 7.27%$230.69
33,750 at 7.28%$230.92
33,750 at 7.29%$231.15
33,750 at 7.3%$231.38
33,750 at 7.31%$231.61
33,750 at 7.32%$231.84
33,750 at 7.33%$232.07
33,750 at 7.34%$232.30
33,750 at 7.35%$232.53
33,750 at 7.36%$232.76
33,750 at 7.37%$232.99
33,750 at 7.38%$233.22
33,750 at 7.39%$233.45
33,750 at 7.4%$233.68
33,750 at 7.41%$233.91
33,750 at 7.42%$234.14
33,750 at 7.43%$234.37
33,750 at 7.44%$234.60
33,750 at 7.45%$234.83
33,750 at 7.46%$235.06
33,750 at 7.47%$235.29
33,750 at 7.48%$235.52
33,750 at 7.49%$235.75
33,750 at 7.5%$235.98
33,750 at 7.51%$236.22
33,750 at 7.52%$236.45
33,750 at 7.53%$236.68
33,750 at 7.54%$236.91
33,750 at 7.55%$237.14
33,750 at 7.56%$237.37
33,750 at 7.57%$237.60
33,750 at 7.58%$237.84
33,750 at 7.59%$238.07
33,750 at 7.6%$238.30
33,750 at 7.61%$238.53
33,750 at 7.62%$238.76
33,750 at 7.63%$239.00
33,750 at 7.64%$239.23
33,750 at 7.65%$239.46
33,750 at 7.66%$239.69
33,750 at 7.67%$239.93
33,750 at 7.68%$240.16
33,750 at 7.69%$240.39
33,750 at 7.7%$240.62
33,750 at 7.71%$240.86
33,750 at 7.72%$241.09
33,750 at 7.73%$241.32
33,750 at 7.74%$241.56
33,750 at 7.75%$241.79
33,750 at 7.76%$242.02
33,750 at 7.77%$242.26
33,750 at 7.78%$242.49
33,750 at 7.79%$242.72
33,750 at 7.8%$242.96
33,750 at 7.81%$243.19
33,750 at 7.82%$243.42
33,750 at 7.83%$243.66
33,750 at 7.84%$243.89
33,750 at 7.85%$244.13
33,750 at 7.86%$244.36
33,750 at 7.87%$244.59
33,750 at 7.88%$244.83
33,750 at 7.89%$245.06
33,750 at 7.9%$245.30
33,750 at 7.91%$245.53
33,750 at 7.92%$245.77
33,750 at 7.93%$246.00
33,750 at 7.94%$246.24
33,750 at 7.95%$246.47
33,750 at 7.96%$246.71
33,750 at 7.97%$246.94
33,750 at 7.98%$247.18
33,750 at 7.99%$247.41
33,750 at 8%$247.65
More Amounts
What is the down payment for a $33,750 house? How much do you need to put down?
Percent Down Down Payment
1%338
2%675
3%1,013
4%1,350
5%1,688
6%2,025
7%2,363
8%2,700
9%3,038
10%3,375
11%3,713
12%4,050
13%4,388
14%4,725
15%5,063
16%5,400
17%5,738
18%6,075
19%6,413
20%6,750
Percent Down Down Payment
21%7,088
22%7,425
23%7,763
24%8,100
25%8,438
26%8,775
27%9,113
28%9,450
29%9,788
30%10,125
31%10,463
32%10,800
33%11,138
34%11,475
35%11,813
36%12,150
37%12,488
38%12,825
39%13,163
40%13,500
Percent Down Down Payment
41%13,838
42%14,175
43%14,513
44%14,850
45%15,188
46%15,525
47%15,863
48%16,200
49%16,538
50%16,875
51%17,213
52%17,550
53%17,888
54%18,225
55%18,563
56%18,900
57%19,238
58%19,575
59%19,913
60%20,250
Percent Down Down Payment
61%20,588
62%20,925
63%21,263
64%21,600
65%21,938
66%22,275
67%22,613
68%22,950
69%23,288
70%23,625
71%23,963
72%24,300
73%24,638
74%24,975
75%25,313
76%25,650
77%25,988
78%26,325
79%26,663
80%27,000
Percent Down Down Payment
81%27,338
82%27,675
83%28,013
84%28,350
85%28,688
86%29,025
87%29,363
88%29,700
89%30,038
90%30,375
91%30,713
92%31,050
93%31,388
94%31,725
95%32,063
96%32,400
97%32,738
98%33,075
99%33,413
100%33,750
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.