$34,250 Mortgage for 30 Years

What is the monthly payment of a 34,250 dollar loan?
$
$
%
%
years
Loan Tables for a $34,250 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 $34,250 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
34,250 at 2.01%$126.77
34,250 at 2.02%$126.94
34,250 at 2.03%$127.11
34,250 at 2.04%$127.28
34,250 at 2.05%$127.45
34,250 at 2.06%$127.62
34,250 at 2.07%$127.80
34,250 at 2.08%$127.97
34,250 at 2.09%$128.14
34,250 at 2.1%$128.31
34,250 at 2.11%$128.49
34,250 at 2.12%$128.66
34,250 at 2.13%$128.83
34,250 at 2.14%$129.01
34,250 at 2.15%$129.18
34,250 at 2.16%$129.35
34,250 at 2.17%$129.53
34,250 at 2.18%$129.70
34,250 at 2.19%$129.87
34,250 at 2.2%$130.05
34,250 at 2.21%$130.22
34,250 at 2.22%$130.40
34,250 at 2.23%$130.57
34,250 at 2.24%$130.74
34,250 at 2.25%$130.92
34,250 at 2.26%$131.09
34,250 at 2.27%$131.27
34,250 at 2.28%$131.44
34,250 at 2.29%$131.62
34,250 at 2.3%$131.79
34,250 at 2.31%$131.97
34,250 at 2.32%$132.15
34,250 at 2.33%$132.32
34,250 at 2.34%$132.50
34,250 at 2.35%$132.67
34,250 at 2.36%$132.85
34,250 at 2.37%$133.03
34,250 at 2.38%$133.20
34,250 at 2.39%$133.38
34,250 at 2.4%$133.55
34,250 at 2.41%$133.73
34,250 at 2.42%$133.91
34,250 at 2.43%$134.09
34,250 at 2.44%$134.26
34,250 at 2.45%$134.44
34,250 at 2.46%$134.62
34,250 at 2.47%$134.80
34,250 at 2.48%$134.97
34,250 at 2.49%$135.15
34,250 at 2.5%$135.33
34,250 at 2.51%$135.51
34,250 at 2.52%$135.69
34,250 at 2.53%$135.86
34,250 at 2.54%$136.04
34,250 at 2.55%$136.22
34,250 at 2.56%$136.40
34,250 at 2.57%$136.58
34,250 at 2.58%$136.76
34,250 at 2.59%$136.94
34,250 at 2.6%$137.12
34,250 at 2.61%$137.30
34,250 at 2.62%$137.48
34,250 at 2.63%$137.66
34,250 at 2.64%$137.84
34,250 at 2.65%$138.02
34,250 at 2.66%$138.20
34,250 at 2.67%$138.38
34,250 at 2.68%$138.56
34,250 at 2.69%$138.74
34,250 at 2.7%$138.92
34,250 at 2.71%$139.10
34,250 at 2.72%$139.28
34,250 at 2.73%$139.46
34,250 at 2.74%$139.64
34,250 at 2.75%$139.82
34,250 at 2.76%$140.00
34,250 at 2.77%$140.19
34,250 at 2.78%$140.37
34,250 at 2.79%$140.55
34,250 at 2.8%$140.73
34,250 at 2.81%$140.91
34,250 at 2.82%$141.10
34,250 at 2.83%$141.28
34,250 at 2.84%$141.46
34,250 at 2.85%$141.64
34,250 at 2.86%$141.83
34,250 at 2.87%$142.01
34,250 at 2.88%$142.19
34,250 at 2.89%$142.38
34,250 at 2.9%$142.56
34,250 at 2.91%$142.74
34,250 at 2.92%$142.93
34,250 at 2.93%$143.11
34,250 at 2.94%$143.29
34,250 at 2.95%$143.48
34,250 at 2.96%$143.66
34,250 at 2.97%$143.85
34,250 at 2.98%$144.03
34,250 at 2.99%$144.21
34,250 at 3%$144.40
34,250 at 3.01%$144.58
34,250 at 3.02%$144.77
34,250 at 3.03%$144.95
34,250 at 3.04%$145.14
34,250 at 3.05%$145.32
34,250 at 3.06%$145.51
34,250 at 3.07%$145.70
34,250 at 3.08%$145.88
34,250 at 3.09%$146.07
34,250 at 3.1%$146.25
34,250 at 3.11%$146.44
34,250 at 3.12%$146.63
34,250 at 3.13%$146.81
34,250 at 3.14%$147.00
34,250 at 3.15%$147.18
34,250 at 3.16%$147.37
34,250 at 3.17%$147.56
34,250 at 3.18%$147.75
34,250 at 3.19%$147.93
34,250 at 3.2%$148.12
34,250 at 3.21%$148.31
34,250 at 3.22%$148.49
34,250 at 3.23%$148.68
34,250 at 3.24%$148.87
34,250 at 3.25%$149.06
34,250 at 3.26%$149.25
34,250 at 3.27%$149.43
34,250 at 3.28%$149.62
34,250 at 3.29%$149.81
34,250 at 3.3%$150.00
34,250 at 3.31%$150.19
34,250 at 3.32%$150.38
34,250 at 3.33%$150.57
34,250 at 3.34%$150.76
34,250 at 3.35%$150.94
34,250 at 3.36%$151.13
34,250 at 3.37%$151.32
34,250 at 3.38%$151.51
34,250 at 3.39%$151.70
34,250 at 3.4%$151.89
34,250 at 3.41%$152.08
34,250 at 3.42%$152.27
34,250 at 3.43%$152.46
34,250 at 3.44%$152.65
34,250 at 3.45%$152.84
34,250 at 3.46%$153.03
34,250 at 3.47%$153.22
34,250 at 3.48%$153.42
34,250 at 3.49%$153.61
34,250 at 3.5%$153.80
Interest Rate 30 Year
34,250 at 3.51%$153.99
34,250 at 3.52%$154.18
34,250 at 3.53%$154.37
34,250 at 3.54%$154.56
34,250 at 3.55%$154.76
34,250 at 3.56%$154.95
34,250 at 3.57%$155.14
34,250 at 3.58%$155.33
34,250 at 3.59%$155.52
34,250 at 3.6%$155.72
34,250 at 3.61%$155.91
34,250 at 3.62%$156.10
34,250 at 3.63%$156.29
34,250 at 3.64%$156.49
34,250 at 3.65%$156.68
34,250 at 3.66%$156.87
34,250 at 3.67%$157.07
34,250 at 3.68%$157.26
34,250 at 3.69%$157.45
34,250 at 3.7%$157.65
34,250 at 3.71%$157.84
34,250 at 3.72%$158.03
34,250 at 3.73%$158.23
34,250 at 3.74%$158.42
34,250 at 3.75%$158.62
34,250 at 3.76%$158.81
34,250 at 3.77%$159.01
34,250 at 3.78%$159.20
34,250 at 3.79%$159.40
34,250 at 3.8%$159.59
34,250 at 3.81%$159.79
34,250 at 3.82%$159.98
34,250 at 3.83%$160.18
34,250 at 3.84%$160.37
34,250 at 3.85%$160.57
34,250 at 3.86%$160.76
34,250 at 3.87%$160.96
34,250 at 3.88%$161.15
34,250 at 3.89%$161.35
34,250 at 3.9%$161.55
34,250 at 3.91%$161.74
34,250 at 3.92%$161.94
34,250 at 3.93%$162.14
34,250 at 3.94%$162.33
34,250 at 3.95%$162.53
34,250 at 3.96%$162.73
34,250 at 3.97%$162.92
34,250 at 3.98%$163.12
34,250 at 3.99%$163.32
34,250 at 4%$163.51
34,250 at 4.01%$163.71
34,250 at 4.02%$163.91
34,250 at 4.03%$164.11
34,250 at 4.04%$164.31
34,250 at 4.05%$164.50
34,250 at 4.06%$164.70
34,250 at 4.07%$164.90
34,250 at 4.08%$165.10
34,250 at 4.09%$165.30
34,250 at 4.1%$165.50
34,250 at 4.11%$165.69
34,250 at 4.12%$165.89
34,250 at 4.13%$166.09
34,250 at 4.14%$166.29
34,250 at 4.15%$166.49
34,250 at 4.16%$166.69
34,250 at 4.17%$166.89
34,250 at 4.18%$167.09
34,250 at 4.19%$167.29
34,250 at 4.2%$167.49
34,250 at 4.21%$167.69
34,250 at 4.22%$167.89
34,250 at 4.23%$168.09
34,250 at 4.24%$168.29
34,250 at 4.25%$168.49
34,250 at 4.26%$168.69
34,250 at 4.27%$168.89
34,250 at 4.28%$169.09
34,250 at 4.29%$169.29
34,250 at 4.3%$169.49
34,250 at 4.31%$169.69
34,250 at 4.32%$169.90
34,250 at 4.33%$170.10
34,250 at 4.34%$170.30
34,250 at 4.35%$170.50
34,250 at 4.36%$170.70
34,250 at 4.37%$170.90
34,250 at 4.38%$171.11
34,250 at 4.39%$171.31
34,250 at 4.4%$171.51
34,250 at 4.41%$171.71
34,250 at 4.42%$171.92
34,250 at 4.43%$172.12
34,250 at 4.44%$172.32
34,250 at 4.45%$172.52
34,250 at 4.46%$172.73
34,250 at 4.47%$172.93
34,250 at 4.48%$173.13
34,250 at 4.49%$173.34
34,250 at 4.5%$173.54
34,250 at 4.51%$173.74
34,250 at 4.52%$173.95
34,250 at 4.53%$174.15
34,250 at 4.54%$174.35
34,250 at 4.55%$174.56
34,250 at 4.56%$174.76
34,250 at 4.57%$174.97
34,250 at 4.58%$175.17
34,250 at 4.59%$175.38
34,250 at 4.6%$175.58
34,250 at 4.61%$175.79
34,250 at 4.62%$175.99
34,250 at 4.63%$176.20
34,250 at 4.64%$176.40
34,250 at 4.65%$176.61
34,250 at 4.66%$176.81
34,250 at 4.67%$177.02
34,250 at 4.68%$177.22
34,250 at 4.69%$177.43
34,250 at 4.7%$177.63
34,250 at 4.71%$177.84
34,250 at 4.72%$178.05
34,250 at 4.73%$178.25
34,250 at 4.74%$178.46
34,250 at 4.75%$178.66
34,250 at 4.76%$178.87
34,250 at 4.77%$179.08
34,250 at 4.78%$179.28
34,250 at 4.79%$179.49
34,250 at 4.8%$179.70
34,250 at 4.81%$179.90
34,250 at 4.82%$180.11
34,250 at 4.83%$180.32
34,250 at 4.84%$180.53
34,250 at 4.85%$180.73
34,250 at 4.86%$180.94
34,250 at 4.87%$181.15
34,250 at 4.88%$181.36
34,250 at 4.89%$181.57
34,250 at 4.9%$181.77
34,250 at 4.91%$181.98
34,250 at 4.92%$182.19
34,250 at 4.93%$182.40
34,250 at 4.94%$182.61
34,250 at 4.95%$182.82
34,250 at 4.96%$183.03
34,250 at 4.97%$183.23
34,250 at 4.98%$183.44
34,250 at 4.99%$183.65
34,250 at 5%$183.86
Interest Rate 30 Year
34,250 at 5.01%$184.07
34,250 at 5.02%$184.28
34,250 at 5.03%$184.49
34,250 at 5.04%$184.70
34,250 at 5.05%$184.91
34,250 at 5.06%$185.12
34,250 at 5.07%$185.33
34,250 at 5.08%$185.54
34,250 at 5.09%$185.75
34,250 at 5.1%$185.96
34,250 at 5.11%$186.17
34,250 at 5.12%$186.38
34,250 at 5.13%$186.59
34,250 at 5.14%$186.80
34,250 at 5.15%$187.01
34,250 at 5.16%$187.23
34,250 at 5.17%$187.44
34,250 at 5.18%$187.65
34,250 at 5.19%$187.86
34,250 at 5.2%$188.07
34,250 at 5.21%$188.28
34,250 at 5.22%$188.49
34,250 at 5.23%$188.71
34,250 at 5.24%$188.92
34,250 at 5.25%$189.13
34,250 at 5.26%$189.34
34,250 at 5.27%$189.55
34,250 at 5.28%$189.77
34,250 at 5.29%$189.98
34,250 at 5.3%$190.19
34,250 at 5.31%$190.40
34,250 at 5.32%$190.62
34,250 at 5.33%$190.83
34,250 at 5.34%$191.04
34,250 at 5.35%$191.26
34,250 at 5.36%$191.47
34,250 at 5.37%$191.68
34,250 at 5.38%$191.90
34,250 at 5.39%$192.11
34,250 at 5.4%$192.32
34,250 at 5.41%$192.54
34,250 at 5.42%$192.75
34,250 at 5.43%$192.97
34,250 at 5.44%$193.18
34,250 at 5.45%$193.39
34,250 at 5.46%$193.61
34,250 at 5.47%$193.82
34,250 at 5.48%$194.04
34,250 at 5.49%$194.25
34,250 at 5.5%$194.47
34,250 at 5.51%$194.68
34,250 at 5.52%$194.90
34,250 at 5.53%$195.11
34,250 at 5.54%$195.33
34,250 at 5.55%$195.54
34,250 at 5.56%$195.76
34,250 at 5.57%$195.97
34,250 at 5.58%$196.19
34,250 at 5.59%$196.41
34,250 at 5.6%$196.62
34,250 at 5.61%$196.84
34,250 at 5.62%$197.05
34,250 at 5.63%$197.27
34,250 at 5.64%$197.49
34,250 at 5.65%$197.70
34,250 at 5.66%$197.92
34,250 at 5.67%$198.14
34,250 at 5.68%$198.35
34,250 at 5.69%$198.57
34,250 at 5.7%$198.79
34,250 at 5.71%$199.00
34,250 at 5.72%$199.22
34,250 at 5.73%$199.44
34,250 at 5.74%$199.66
34,250 at 5.75%$199.87
34,250 at 5.76%$200.09
34,250 at 5.77%$200.31
34,250 at 5.78%$200.53
34,250 at 5.79%$200.74
34,250 at 5.8%$200.96
34,250 at 5.81%$201.18
34,250 at 5.82%$201.40
34,250 at 5.83%$201.62
34,250 at 5.84%$201.84
34,250 at 5.85%$202.05
34,250 at 5.86%$202.27
34,250 at 5.87%$202.49
34,250 at 5.88%$202.71
34,250 at 5.89%$202.93
34,250 at 5.9%$203.15
34,250 at 5.91%$203.37
34,250 at 5.92%$203.59
34,250 at 5.93%$203.81
34,250 at 5.94%$204.03
34,250 at 5.95%$204.25
34,250 at 5.96%$204.47
34,250 at 5.97%$204.69
34,250 at 5.98%$204.91
34,250 at 5.99%$205.13
34,250 at 6%$205.35
34,250 at 6.01%$205.57
34,250 at 6.02%$205.79
34,250 at 6.03%$206.01
34,250 at 6.04%$206.23
34,250 at 6.05%$206.45
34,250 at 6.06%$206.67
34,250 at 6.07%$206.89
34,250 at 6.08%$207.11
34,250 at 6.09%$207.33
34,250 at 6.1%$207.55
34,250 at 6.11%$207.77
34,250 at 6.12%$208.00
34,250 at 6.13%$208.22
34,250 at 6.14%$208.44
34,250 at 6.15%$208.66
34,250 at 6.16%$208.88
34,250 at 6.17%$209.10
34,250 at 6.18%$209.33
34,250 at 6.19%$209.55
34,250 at 6.2%$209.77
34,250 at 6.21%$209.99
34,250 at 6.22%$210.22
34,250 at 6.23%$210.44
34,250 at 6.24%$210.66
34,250 at 6.25%$210.88
34,250 at 6.26%$211.11
34,250 at 6.27%$211.33
34,250 at 6.28%$211.55
34,250 at 6.29%$211.77
34,250 at 6.3%$212.00
34,250 at 6.31%$212.22
34,250 at 6.32%$212.44
34,250 at 6.33%$212.67
34,250 at 6.34%$212.89
34,250 at 6.35%$213.12
34,250 at 6.36%$213.34
34,250 at 6.37%$213.56
34,250 at 6.38%$213.79
34,250 at 6.39%$214.01
34,250 at 6.4%$214.24
34,250 at 6.41%$214.46
34,250 at 6.42%$214.68
34,250 at 6.43%$214.91
34,250 at 6.44%$215.13
34,250 at 6.45%$215.36
34,250 at 6.46%$215.58
34,250 at 6.47%$215.81
34,250 at 6.48%$216.03
34,250 at 6.49%$216.26
34,250 at 6.5%$216.48
Interest Rate 30 Year
34,250 at 6.51%$216.71
34,250 at 6.52%$216.93
34,250 at 6.53%$217.16
34,250 at 6.54%$217.39
34,250 at 6.55%$217.61
34,250 at 6.56%$217.84
34,250 at 6.57%$218.06
34,250 at 6.58%$218.29
34,250 at 6.59%$218.51
34,250 at 6.6%$218.74
34,250 at 6.61%$218.97
34,250 at 6.62%$219.19
34,250 at 6.63%$219.42
34,250 at 6.64%$219.65
34,250 at 6.65%$219.87
34,250 at 6.66%$220.10
34,250 at 6.67%$220.33
34,250 at 6.68%$220.55
34,250 at 6.69%$220.78
34,250 at 6.7%$221.01
34,250 at 6.71%$221.23
34,250 at 6.72%$221.46
34,250 at 6.73%$221.69
34,250 at 6.74%$221.92
34,250 at 6.75%$222.14
34,250 at 6.76%$222.37
34,250 at 6.77%$222.60
34,250 at 6.78%$222.83
34,250 at 6.79%$223.06
34,250 at 6.8%$223.28
34,250 at 6.81%$223.51
34,250 at 6.82%$223.74
34,250 at 6.83%$223.97
34,250 at 6.84%$224.20
34,250 at 6.85%$224.43
34,250 at 6.86%$224.65
34,250 at 6.87%$224.88
34,250 at 6.88%$225.11
34,250 at 6.89%$225.34
34,250 at 6.9%$225.57
34,250 at 6.91%$225.80
34,250 at 6.92%$226.03
34,250 at 6.93%$226.26
34,250 at 6.94%$226.49
34,250 at 6.95%$226.72
34,250 at 6.96%$226.95
34,250 at 6.97%$227.18
34,250 at 6.98%$227.41
34,250 at 6.99%$227.64
34,250 at 7%$227.87
34,250 at 7.01%$228.10
34,250 at 7.02%$228.33
34,250 at 7.03%$228.56
34,250 at 7.04%$228.79
34,250 at 7.05%$229.02
34,250 at 7.06%$229.25
34,250 at 7.07%$229.48
34,250 at 7.08%$229.71
34,250 at 7.09%$229.94
34,250 at 7.1%$230.17
34,250 at 7.11%$230.40
34,250 at 7.12%$230.63
34,250 at 7.13%$230.86
34,250 at 7.14%$231.10
34,250 at 7.15%$231.33
34,250 at 7.16%$231.56
34,250 at 7.17%$231.79
34,250 at 7.18%$232.02
34,250 at 7.19%$232.25
34,250 at 7.2%$232.48
34,250 at 7.21%$232.72
34,250 at 7.22%$232.95
34,250 at 7.23%$233.18
34,250 at 7.24%$233.41
34,250 at 7.25%$233.65
34,250 at 7.26%$233.88
34,250 at 7.27%$234.11
34,250 at 7.28%$234.34
34,250 at 7.29%$234.58
34,250 at 7.3%$234.81
34,250 at 7.31%$235.04
34,250 at 7.32%$235.27
34,250 at 7.33%$235.51
34,250 at 7.34%$235.74
34,250 at 7.35%$235.97
34,250 at 7.36%$236.21
34,250 at 7.37%$236.44
34,250 at 7.38%$236.67
34,250 at 7.39%$236.91
34,250 at 7.4%$237.14
34,250 at 7.41%$237.37
34,250 at 7.42%$237.61
34,250 at 7.43%$237.84
34,250 at 7.44%$238.08
34,250 at 7.45%$238.31
34,250 at 7.46%$238.54
34,250 at 7.47%$238.78
34,250 at 7.48%$239.01
34,250 at 7.49%$239.25
34,250 at 7.5%$239.48
34,250 at 7.51%$239.72
34,250 at 7.52%$239.95
34,250 at 7.53%$240.18
34,250 at 7.54%$240.42
34,250 at 7.55%$240.65
34,250 at 7.56%$240.89
34,250 at 7.57%$241.12
34,250 at 7.58%$241.36
34,250 at 7.59%$241.60
34,250 at 7.6%$241.83
34,250 at 7.61%$242.07
34,250 at 7.62%$242.30
34,250 at 7.63%$242.54
34,250 at 7.64%$242.77
34,250 at 7.65%$243.01
34,250 at 7.66%$243.24
34,250 at 7.67%$243.48
34,250 at 7.68%$243.72
34,250 at 7.69%$243.95
34,250 at 7.7%$244.19
34,250 at 7.71%$244.43
34,250 at 7.72%$244.66
34,250 at 7.73%$244.90
34,250 at 7.74%$245.13
34,250 at 7.75%$245.37
34,250 at 7.76%$245.61
34,250 at 7.77%$245.84
34,250 at 7.78%$246.08
34,250 at 7.79%$246.32
34,250 at 7.8%$246.56
34,250 at 7.81%$246.79
34,250 at 7.82%$247.03
34,250 at 7.83%$247.27
34,250 at 7.84%$247.50
34,250 at 7.85%$247.74
34,250 at 7.86%$247.98
34,250 at 7.87%$248.22
34,250 at 7.88%$248.46
34,250 at 7.89%$248.69
34,250 at 7.9%$248.93
34,250 at 7.91%$249.17
34,250 at 7.92%$249.41
34,250 at 7.93%$249.65
34,250 at 7.94%$249.88
34,250 at 7.95%$250.12
34,250 at 7.96%$250.36
34,250 at 7.97%$250.60
34,250 at 7.98%$250.84
34,250 at 7.99%$251.08
34,250 at 8%$251.31
More Amounts
What is the down payment for a $34,250 house? How much do you need to put down?
Percent Down Down Payment
1%343
2%685
3%1,028
4%1,370
5%1,713
6%2,055
7%2,398
8%2,740
9%3,083
10%3,425
11%3,768
12%4,110
13%4,453
14%4,795
15%5,138
16%5,480
17%5,823
18%6,165
19%6,508
20%6,850
Percent Down Down Payment
21%7,193
22%7,535
23%7,878
24%8,220
25%8,563
26%8,905
27%9,248
28%9,590
29%9,933
30%10,275
31%10,618
32%10,960
33%11,303
34%11,645
35%11,988
36%12,330
37%12,673
38%13,015
39%13,358
40%13,700
Percent Down Down Payment
41%14,043
42%14,385
43%14,728
44%15,070
45%15,413
46%15,755
47%16,098
48%16,440
49%16,783
50%17,125
51%17,468
52%17,810
53%18,153
54%18,495
55%18,838
56%19,180
57%19,523
58%19,865
59%20,208
60%20,550
Percent Down Down Payment
61%20,893
62%21,235
63%21,578
64%21,920
65%22,263
66%22,605
67%22,948
68%23,290
69%23,633
70%23,975
71%24,318
72%24,660
73%25,003
74%25,345
75%25,688
76%26,030
77%26,373
78%26,715
79%27,058
80%27,400
Percent Down Down Payment
81%27,743
82%28,085
83%28,428
84%28,770
85%29,113
86%29,455
87%29,798
88%30,140
89%30,483
90%30,825
91%31,168
92%31,510
93%31,853
94%32,195
95%32,538
96%32,880
97%33,223
98%33,565
99%33,908
100%34,250
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.