$40,350 Mortgage for 30 Years

What is the monthly payment of a 40,350 dollar loan?
$
$
%
%
years
Loan Tables for a $40,350 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 40k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $40,350 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
40,350 at 2.01%$149.34
40,350 at 2.02%$149.55
40,350 at 2.03%$149.75
40,350 at 2.04%$149.95
40,350 at 2.05%$150.15
40,350 at 2.06%$150.36
40,350 at 2.07%$150.56
40,350 at 2.08%$150.76
40,350 at 2.09%$150.96
40,350 at 2.1%$151.17
40,350 at 2.11%$151.37
40,350 at 2.12%$151.57
40,350 at 2.13%$151.78
40,350 at 2.14%$151.98
40,350 at 2.15%$152.19
40,350 at 2.16%$152.39
40,350 at 2.17%$152.60
40,350 at 2.18%$152.80
40,350 at 2.19%$153.00
40,350 at 2.2%$153.21
40,350 at 2.21%$153.41
40,350 at 2.22%$153.62
40,350 at 2.23%$153.83
40,350 at 2.24%$154.03
40,350 at 2.25%$154.24
40,350 at 2.26%$154.44
40,350 at 2.27%$154.65
40,350 at 2.28%$154.85
40,350 at 2.29%$155.06
40,350 at 2.3%$155.27
40,350 at 2.31%$155.47
40,350 at 2.32%$155.68
40,350 at 2.33%$155.89
40,350 at 2.34%$156.10
40,350 at 2.35%$156.30
40,350 at 2.36%$156.51
40,350 at 2.37%$156.72
40,350 at 2.38%$156.93
40,350 at 2.39%$157.13
40,350 at 2.4%$157.34
40,350 at 2.41%$157.55
40,350 at 2.42%$157.76
40,350 at 2.43%$157.97
40,350 at 2.44%$158.18
40,350 at 2.45%$158.38
40,350 at 2.46%$158.59
40,350 at 2.47%$158.80
40,350 at 2.48%$159.01
40,350 at 2.49%$159.22
40,350 at 2.5%$159.43
40,350 at 2.51%$159.64
40,350 at 2.52%$159.85
40,350 at 2.53%$160.06
40,350 at 2.54%$160.27
40,350 at 2.55%$160.48
40,350 at 2.56%$160.69
40,350 at 2.57%$160.90
40,350 at 2.58%$161.11
40,350 at 2.59%$161.33
40,350 at 2.6%$161.54
40,350 at 2.61%$161.75
40,350 at 2.62%$161.96
40,350 at 2.63%$162.17
40,350 at 2.64%$162.38
40,350 at 2.65%$162.60
40,350 at 2.66%$162.81
40,350 at 2.67%$163.02
40,350 at 2.68%$163.23
40,350 at 2.69%$163.45
40,350 at 2.7%$163.66
40,350 at 2.71%$163.87
40,350 at 2.72%$164.08
40,350 at 2.73%$164.30
40,350 at 2.74%$164.51
40,350 at 2.75%$164.73
40,350 at 2.76%$164.94
40,350 at 2.77%$165.15
40,350 at 2.78%$165.37
40,350 at 2.79%$165.58
40,350 at 2.8%$165.80
40,350 at 2.81%$166.01
40,350 at 2.82%$166.23
40,350 at 2.83%$166.44
40,350 at 2.84%$166.66
40,350 at 2.85%$166.87
40,350 at 2.86%$167.09
40,350 at 2.87%$167.30
40,350 at 2.88%$167.52
40,350 at 2.89%$167.73
40,350 at 2.9%$167.95
40,350 at 2.91%$168.16
40,350 at 2.92%$168.38
40,350 at 2.93%$168.60
40,350 at 2.94%$168.81
40,350 at 2.95%$169.03
40,350 at 2.96%$169.25
40,350 at 2.97%$169.47
40,350 at 2.98%$169.68
40,350 at 2.99%$169.90
40,350 at 3%$170.12
40,350 at 3.01%$170.33
40,350 at 3.02%$170.55
40,350 at 3.03%$170.77
40,350 at 3.04%$170.99
40,350 at 3.05%$171.21
40,350 at 3.06%$171.43
40,350 at 3.07%$171.64
40,350 at 3.08%$171.86
40,350 at 3.09%$172.08
40,350 at 3.1%$172.30
40,350 at 3.11%$172.52
40,350 at 3.12%$172.74
40,350 at 3.13%$172.96
40,350 at 3.14%$173.18
40,350 at 3.15%$173.40
40,350 at 3.16%$173.62
40,350 at 3.17%$173.84
40,350 at 3.18%$174.06
40,350 at 3.19%$174.28
40,350 at 3.2%$174.50
40,350 at 3.21%$174.72
40,350 at 3.22%$174.94
40,350 at 3.23%$175.16
40,350 at 3.24%$175.38
40,350 at 3.25%$175.61
40,350 at 3.26%$175.83
40,350 at 3.27%$176.05
40,350 at 3.28%$176.27
40,350 at 3.29%$176.49
40,350 at 3.3%$176.71
40,350 at 3.31%$176.94
40,350 at 3.32%$177.16
40,350 at 3.33%$177.38
40,350 at 3.34%$177.61
40,350 at 3.35%$177.83
40,350 at 3.36%$178.05
40,350 at 3.37%$178.27
40,350 at 3.38%$178.50
40,350 at 3.39%$178.72
40,350 at 3.4%$178.94
40,350 at 3.41%$179.17
40,350 at 3.42%$179.39
40,350 at 3.43%$179.62
40,350 at 3.44%$179.84
40,350 at 3.45%$180.07
40,350 at 3.46%$180.29
40,350 at 3.47%$180.51
40,350 at 3.48%$180.74
40,350 at 3.49%$180.96
40,350 at 3.5%$181.19
Interest Rate 30 Year
40,350 at 3.51%$181.41
40,350 at 3.52%$181.64
40,350 at 3.53%$181.87
40,350 at 3.54%$182.09
40,350 at 3.55%$182.32
40,350 at 3.56%$182.54
40,350 at 3.57%$182.77
40,350 at 3.58%$183.00
40,350 at 3.59%$183.22
40,350 at 3.6%$183.45
40,350 at 3.61%$183.68
40,350 at 3.62%$183.90
40,350 at 3.63%$184.13
40,350 at 3.64%$184.36
40,350 at 3.65%$184.58
40,350 at 3.66%$184.81
40,350 at 3.67%$185.04
40,350 at 3.68%$185.27
40,350 at 3.69%$185.50
40,350 at 3.7%$185.72
40,350 at 3.71%$185.95
40,350 at 3.72%$186.18
40,350 at 3.73%$186.41
40,350 at 3.74%$186.64
40,350 at 3.75%$186.87
40,350 at 3.76%$187.10
40,350 at 3.77%$187.33
40,350 at 3.78%$187.55
40,350 at 3.79%$187.78
40,350 at 3.8%$188.01
40,350 at 3.81%$188.24
40,350 at 3.82%$188.47
40,350 at 3.83%$188.70
40,350 at 3.84%$188.93
40,350 at 3.85%$189.16
40,350 at 3.86%$189.39
40,350 at 3.87%$189.63
40,350 at 3.88%$189.86
40,350 at 3.89%$190.09
40,350 at 3.9%$190.32
40,350 at 3.91%$190.55
40,350 at 3.92%$190.78
40,350 at 3.93%$191.01
40,350 at 3.94%$191.24
40,350 at 3.95%$191.48
40,350 at 3.96%$191.71
40,350 at 3.97%$191.94
40,350 at 3.98%$192.17
40,350 at 3.99%$192.40
40,350 at 4%$192.64
40,350 at 4.01%$192.87
40,350 at 4.02%$193.10
40,350 at 4.03%$193.34
40,350 at 4.04%$193.57
40,350 at 4.05%$193.80
40,350 at 4.06%$194.04
40,350 at 4.07%$194.27
40,350 at 4.08%$194.50
40,350 at 4.09%$194.74
40,350 at 4.1%$194.97
40,350 at 4.11%$195.20
40,350 at 4.12%$195.44
40,350 at 4.13%$195.67
40,350 at 4.14%$195.91
40,350 at 4.15%$196.14
40,350 at 4.16%$196.38
40,350 at 4.17%$196.61
40,350 at 4.18%$196.85
40,350 at 4.19%$197.08
40,350 at 4.2%$197.32
40,350 at 4.21%$197.55
40,350 at 4.22%$197.79
40,350 at 4.23%$198.03
40,350 at 4.24%$198.26
40,350 at 4.25%$198.50
40,350 at 4.26%$198.73
40,350 at 4.27%$198.97
40,350 at 4.28%$199.21
40,350 at 4.29%$199.44
40,350 at 4.3%$199.68
40,350 at 4.31%$199.92
40,350 at 4.32%$200.15
40,350 at 4.33%$200.39
40,350 at 4.34%$200.63
40,350 at 4.35%$200.87
40,350 at 4.36%$201.10
40,350 at 4.37%$201.34
40,350 at 4.38%$201.58
40,350 at 4.39%$201.82
40,350 at 4.4%$202.06
40,350 at 4.41%$202.30
40,350 at 4.42%$202.53
40,350 at 4.43%$202.77
40,350 at 4.44%$203.01
40,350 at 4.45%$203.25
40,350 at 4.46%$203.49
40,350 at 4.47%$203.73
40,350 at 4.48%$203.97
40,350 at 4.49%$204.21
40,350 at 4.5%$204.45
40,350 at 4.51%$204.69
40,350 at 4.52%$204.93
40,350 at 4.53%$205.17
40,350 at 4.54%$205.41
40,350 at 4.55%$205.65
40,350 at 4.56%$205.89
40,350 at 4.57%$206.13
40,350 at 4.58%$206.37
40,350 at 4.59%$206.61
40,350 at 4.6%$206.85
40,350 at 4.61%$207.09
40,350 at 4.62%$207.33
40,350 at 4.63%$207.58
40,350 at 4.64%$207.82
40,350 at 4.65%$208.06
40,350 at 4.66%$208.30
40,350 at 4.67%$208.54
40,350 at 4.68%$208.79
40,350 at 4.69%$209.03
40,350 at 4.7%$209.27
40,350 at 4.71%$209.51
40,350 at 4.72%$209.76
40,350 at 4.73%$210.00
40,350 at 4.74%$210.24
40,350 at 4.75%$210.48
40,350 at 4.76%$210.73
40,350 at 4.77%$210.97
40,350 at 4.78%$211.21
40,350 at 4.79%$211.46
40,350 at 4.8%$211.70
40,350 at 4.81%$211.95
40,350 at 4.82%$212.19
40,350 at 4.83%$212.43
40,350 at 4.84%$212.68
40,350 at 4.85%$212.92
40,350 at 4.86%$213.17
40,350 at 4.87%$213.41
40,350 at 4.88%$213.66
40,350 at 4.89%$213.90
40,350 at 4.9%$214.15
40,350 at 4.91%$214.39
40,350 at 4.92%$214.64
40,350 at 4.93%$214.88
40,350 at 4.94%$215.13
40,350 at 4.95%$215.38
40,350 at 4.96%$215.62
40,350 at 4.97%$215.87
40,350 at 4.98%$216.11
40,350 at 4.99%$216.36
40,350 at 5%$216.61
Interest Rate 30 Year
40,350 at 5.01%$216.85
40,350 at 5.02%$217.10
40,350 at 5.03%$217.35
40,350 at 5.04%$217.60
40,350 at 5.05%$217.84
40,350 at 5.06%$218.09
40,350 at 5.07%$218.34
40,350 at 5.08%$218.58
40,350 at 5.09%$218.83
40,350 at 5.1%$219.08
40,350 at 5.11%$219.33
40,350 at 5.12%$219.58
40,350 at 5.13%$219.82
40,350 at 5.14%$220.07
40,350 at 5.15%$220.32
40,350 at 5.16%$220.57
40,350 at 5.17%$220.82
40,350 at 5.18%$221.07
40,350 at 5.19%$221.32
40,350 at 5.2%$221.57
40,350 at 5.21%$221.82
40,350 at 5.22%$222.07
40,350 at 5.23%$222.31
40,350 at 5.24%$222.56
40,350 at 5.25%$222.81
40,350 at 5.26%$223.06
40,350 at 5.27%$223.31
40,350 at 5.28%$223.56
40,350 at 5.29%$223.81
40,350 at 5.3%$224.07
40,350 at 5.31%$224.32
40,350 at 5.32%$224.57
40,350 at 5.33%$224.82
40,350 at 5.34%$225.07
40,350 at 5.35%$225.32
40,350 at 5.36%$225.57
40,350 at 5.37%$225.82
40,350 at 5.38%$226.07
40,350 at 5.39%$226.33
40,350 at 5.4%$226.58
40,350 at 5.41%$226.83
40,350 at 5.42%$227.08
40,350 at 5.43%$227.33
40,350 at 5.44%$227.59
40,350 at 5.45%$227.84
40,350 at 5.46%$228.09
40,350 at 5.47%$228.34
40,350 at 5.48%$228.60
40,350 at 5.49%$228.85
40,350 at 5.5%$229.10
40,350 at 5.51%$229.36
40,350 at 5.52%$229.61
40,350 at 5.53%$229.86
40,350 at 5.54%$230.12
40,350 at 5.55%$230.37
40,350 at 5.56%$230.62
40,350 at 5.57%$230.88
40,350 at 5.58%$231.13
40,350 at 5.59%$231.39
40,350 at 5.6%$231.64
40,350 at 5.61%$231.90
40,350 at 5.62%$232.15
40,350 at 5.63%$232.40
40,350 at 5.64%$232.66
40,350 at 5.65%$232.91
40,350 at 5.66%$233.17
40,350 at 5.67%$233.43
40,350 at 5.68%$233.68
40,350 at 5.69%$233.94
40,350 at 5.7%$234.19
40,350 at 5.71%$234.45
40,350 at 5.72%$234.70
40,350 at 5.73%$234.96
40,350 at 5.74%$235.22
40,350 at 5.75%$235.47
40,350 at 5.76%$235.73
40,350 at 5.77%$235.98
40,350 at 5.78%$236.24
40,350 at 5.79%$236.50
40,350 at 5.8%$236.75
40,350 at 5.81%$237.01
40,350 at 5.82%$237.27
40,350 at 5.83%$237.53
40,350 at 5.84%$237.78
40,350 at 5.85%$238.04
40,350 at 5.86%$238.30
40,350 at 5.87%$238.56
40,350 at 5.88%$238.81
40,350 at 5.89%$239.07
40,350 at 5.9%$239.33
40,350 at 5.91%$239.59
40,350 at 5.92%$239.85
40,350 at 5.93%$240.11
40,350 at 5.94%$240.36
40,350 at 5.95%$240.62
40,350 at 5.96%$240.88
40,350 at 5.97%$241.14
40,350 at 5.98%$241.40
40,350 at 5.99%$241.66
40,350 at 6%$241.92
40,350 at 6.01%$242.18
40,350 at 6.02%$242.44
40,350 at 6.03%$242.70
40,350 at 6.04%$242.96
40,350 at 6.05%$243.22
40,350 at 6.06%$243.48
40,350 at 6.07%$243.74
40,350 at 6.08%$244.00
40,350 at 6.09%$244.26
40,350 at 6.1%$244.52
40,350 at 6.11%$244.78
40,350 at 6.12%$245.04
40,350 at 6.13%$245.30
40,350 at 6.14%$245.56
40,350 at 6.15%$245.82
40,350 at 6.16%$246.08
40,350 at 6.17%$246.35
40,350 at 6.18%$246.61
40,350 at 6.19%$246.87
40,350 at 6.2%$247.13
40,350 at 6.21%$247.39
40,350 at 6.22%$247.66
40,350 at 6.23%$247.92
40,350 at 6.24%$248.18
40,350 at 6.25%$248.44
40,350 at 6.26%$248.70
40,350 at 6.27%$248.97
40,350 at 6.28%$249.23
40,350 at 6.29%$249.49
40,350 at 6.3%$249.76
40,350 at 6.31%$250.02
40,350 at 6.32%$250.28
40,350 at 6.33%$250.55
40,350 at 6.34%$250.81
40,350 at 6.35%$251.07
40,350 at 6.36%$251.34
40,350 at 6.37%$251.60
40,350 at 6.38%$251.86
40,350 at 6.39%$252.13
40,350 at 6.4%$252.39
40,350 at 6.41%$252.66
40,350 at 6.42%$252.92
40,350 at 6.43%$253.18
40,350 at 6.44%$253.45
40,350 at 6.45%$253.71
40,350 at 6.46%$253.98
40,350 at 6.47%$254.24
40,350 at 6.48%$254.51
40,350 at 6.49%$254.77
40,350 at 6.5%$255.04
Interest Rate 30 Year
40,350 at 6.51%$255.30
40,350 at 6.52%$255.57
40,350 at 6.53%$255.84
40,350 at 6.54%$256.10
40,350 at 6.55%$256.37
40,350 at 6.56%$256.63
40,350 at 6.57%$256.90
40,350 at 6.58%$257.17
40,350 at 6.59%$257.43
40,350 at 6.6%$257.70
40,350 at 6.61%$257.97
40,350 at 6.62%$258.23
40,350 at 6.63%$258.50
40,350 at 6.64%$258.77
40,350 at 6.65%$259.03
40,350 at 6.66%$259.30
40,350 at 6.67%$259.57
40,350 at 6.68%$259.83
40,350 at 6.69%$260.10
40,350 at 6.7%$260.37
40,350 at 6.71%$260.64
40,350 at 6.72%$260.91
40,350 at 6.73%$261.17
40,350 at 6.74%$261.44
40,350 at 6.75%$261.71
40,350 at 6.76%$261.98
40,350 at 6.77%$262.25
40,350 at 6.78%$262.51
40,350 at 6.79%$262.78
40,350 at 6.8%$263.05
40,350 at 6.81%$263.32
40,350 at 6.82%$263.59
40,350 at 6.83%$263.86
40,350 at 6.84%$264.13
40,350 at 6.85%$264.40
40,350 at 6.86%$264.67
40,350 at 6.87%$264.94
40,350 at 6.88%$265.21
40,350 at 6.89%$265.48
40,350 at 6.9%$265.75
40,350 at 6.91%$266.02
40,350 at 6.92%$266.29
40,350 at 6.93%$266.56
40,350 at 6.94%$266.83
40,350 at 6.95%$267.10
40,350 at 6.96%$267.37
40,350 at 6.97%$267.64
40,350 at 6.98%$267.91
40,350 at 6.99%$268.18
40,350 at 7%$268.45
40,350 at 7.01%$268.72
40,350 at 7.02%$268.99
40,350 at 7.03%$269.26
40,350 at 7.04%$269.53
40,350 at 7.05%$269.81
40,350 at 7.06%$270.08
40,350 at 7.07%$270.35
40,350 at 7.08%$270.62
40,350 at 7.09%$270.89
40,350 at 7.1%$271.16
40,350 at 7.11%$271.44
40,350 at 7.12%$271.71
40,350 at 7.13%$271.98
40,350 at 7.14%$272.25
40,350 at 7.15%$272.53
40,350 at 7.16%$272.80
40,350 at 7.17%$273.07
40,350 at 7.18%$273.34
40,350 at 7.19%$273.62
40,350 at 7.2%$273.89
40,350 at 7.21%$274.16
40,350 at 7.22%$274.44
40,350 at 7.23%$274.71
40,350 at 7.24%$274.98
40,350 at 7.25%$275.26
40,350 at 7.26%$275.53
40,350 at 7.27%$275.81
40,350 at 7.28%$276.08
40,350 at 7.29%$276.35
40,350 at 7.3%$276.63
40,350 at 7.31%$276.90
40,350 at 7.32%$277.18
40,350 at 7.33%$277.45
40,350 at 7.34%$277.73
40,350 at 7.35%$278.00
40,350 at 7.36%$278.28
40,350 at 7.37%$278.55
40,350 at 7.38%$278.82
40,350 at 7.39%$279.10
40,350 at 7.4%$279.38
40,350 at 7.41%$279.65
40,350 at 7.42%$279.93
40,350 at 7.43%$280.20
40,350 at 7.44%$280.48
40,350 at 7.45%$280.75
40,350 at 7.46%$281.03
40,350 at 7.47%$281.30
40,350 at 7.48%$281.58
40,350 at 7.49%$281.86
40,350 at 7.5%$282.13
40,350 at 7.51%$282.41
40,350 at 7.52%$282.69
40,350 at 7.53%$282.96
40,350 at 7.54%$283.24
40,350 at 7.55%$283.52
40,350 at 7.56%$283.79
40,350 at 7.57%$284.07
40,350 at 7.58%$284.35
40,350 at 7.59%$284.62
40,350 at 7.6%$284.90
40,350 at 7.61%$285.18
40,350 at 7.62%$285.46
40,350 at 7.63%$285.73
40,350 at 7.64%$286.01
40,350 at 7.65%$286.29
40,350 at 7.66%$286.57
40,350 at 7.67%$286.84
40,350 at 7.68%$287.12
40,350 at 7.69%$287.40
40,350 at 7.7%$287.68
40,350 at 7.71%$287.96
40,350 at 7.72%$288.24
40,350 at 7.73%$288.51
40,350 at 7.74%$288.79
40,350 at 7.75%$289.07
40,350 at 7.76%$289.35
40,350 at 7.77%$289.63
40,350 at 7.78%$289.91
40,350 at 7.79%$290.19
40,350 at 7.8%$290.47
40,350 at 7.81%$290.75
40,350 at 7.82%$291.03
40,350 at 7.83%$291.31
40,350 at 7.84%$291.59
40,350 at 7.85%$291.87
40,350 at 7.86%$292.15
40,350 at 7.87%$292.43
40,350 at 7.88%$292.71
40,350 at 7.89%$292.99
40,350 at 7.9%$293.27
40,350 at 7.91%$293.55
40,350 at 7.92%$293.83
40,350 at 7.93%$294.11
40,350 at 7.94%$294.39
40,350 at 7.95%$294.67
40,350 at 7.96%$294.95
40,350 at 7.97%$295.23
40,350 at 7.98%$295.51
40,350 at 7.99%$295.79
40,350 at 8%$296.07
More Amounts
What is the down payment for a $40,350 house? How much do you need to put down?
Percent Down Down Payment
1%404
2%807
3%1,211
4%1,614
5%2,018
6%2,421
7%2,825
8%3,228
9%3,632
10%4,035
11%4,439
12%4,842
13%5,246
14%5,649
15%6,053
16%6,456
17%6,860
18%7,263
19%7,667
20%8,070
Percent Down Down Payment
21%8,474
22%8,877
23%9,281
24%9,684
25%10,088
26%10,491
27%10,895
28%11,298
29%11,702
30%12,105
31%12,509
32%12,912
33%13,316
34%13,719
35%14,123
36%14,526
37%14,930
38%15,333
39%15,737
40%16,140
Percent Down Down Payment
41%16,544
42%16,947
43%17,351
44%17,754
45%18,158
46%18,561
47%18,965
48%19,368
49%19,772
50%20,175
51%20,579
52%20,982
53%21,386
54%21,789
55%22,193
56%22,596
57%23,000
58%23,403
59%23,807
60%24,210
Percent Down Down Payment
61%24,614
62%25,017
63%25,421
64%25,824
65%26,228
66%26,631
67%27,035
68%27,438
69%27,842
70%28,245
71%28,649
72%29,052
73%29,456
74%29,859
75%30,263
76%30,666
77%31,070
78%31,473
79%31,877
80%32,280
Percent Down Down Payment
81%32,684
82%33,087
83%33,491
84%33,894
85%34,298
86%34,701
87%35,105
88%35,508
89%35,912
90%36,315
91%36,719
92%37,122
93%37,526
94%37,929
95%38,333
96%38,736
97%39,140
98%39,543
99%39,947
100%40,350
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.