$41,950 Mortgage for 30 Years

What is the monthly payment of a 41,950 dollar loan?
$
$
%
%
years
Loan Tables for a $41,950 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 42k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $41,950 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
41,950 at 2.01%$155.27
41,950 at 2.02%$155.48
41,950 at 2.03%$155.69
41,950 at 2.04%$155.90
41,950 at 2.05%$156.11
41,950 at 2.06%$156.32
41,950 at 2.07%$156.53
41,950 at 2.08%$156.74
41,950 at 2.09%$156.95
41,950 at 2.1%$157.16
41,950 at 2.11%$157.37
41,950 at 2.12%$157.58
41,950 at 2.13%$157.80
41,950 at 2.14%$158.01
41,950 at 2.15%$158.22
41,950 at 2.16%$158.43
41,950 at 2.17%$158.65
41,950 at 2.18%$158.86
41,950 at 2.19%$159.07
41,950 at 2.2%$159.28
41,950 at 2.21%$159.50
41,950 at 2.22%$159.71
41,950 at 2.23%$159.92
41,950 at 2.24%$160.14
41,950 at 2.25%$160.35
41,950 at 2.26%$160.57
41,950 at 2.27%$160.78
41,950 at 2.28%$160.99
41,950 at 2.29%$161.21
41,950 at 2.3%$161.42
41,950 at 2.31%$161.64
41,950 at 2.32%$161.85
41,950 at 2.33%$162.07
41,950 at 2.34%$162.28
41,950 at 2.35%$162.50
41,950 at 2.36%$162.72
41,950 at 2.37%$162.93
41,950 at 2.38%$163.15
41,950 at 2.39%$163.36
41,950 at 2.4%$163.58
41,950 at 2.41%$163.80
41,950 at 2.42%$164.01
41,950 at 2.43%$164.23
41,950 at 2.44%$164.45
41,950 at 2.45%$164.66
41,950 at 2.46%$164.88
41,950 at 2.47%$165.10
41,950 at 2.48%$165.32
41,950 at 2.49%$165.54
41,950 at 2.5%$165.75
41,950 at 2.51%$165.97
41,950 at 2.52%$166.19
41,950 at 2.53%$166.41
41,950 at 2.54%$166.63
41,950 at 2.55%$166.85
41,950 at 2.56%$167.06
41,950 at 2.57%$167.28
41,950 at 2.58%$167.50
41,950 at 2.59%$167.72
41,950 at 2.6%$167.94
41,950 at 2.61%$168.16
41,950 at 2.62%$168.38
41,950 at 2.63%$168.60
41,950 at 2.64%$168.82
41,950 at 2.65%$169.04
41,950 at 2.66%$169.26
41,950 at 2.67%$169.48
41,950 at 2.68%$169.71
41,950 at 2.69%$169.93
41,950 at 2.7%$170.15
41,950 at 2.71%$170.37
41,950 at 2.72%$170.59
41,950 at 2.73%$170.81
41,950 at 2.74%$171.04
41,950 at 2.75%$171.26
41,950 at 2.76%$171.48
41,950 at 2.77%$171.70
41,950 at 2.78%$171.92
41,950 at 2.79%$172.15
41,950 at 2.8%$172.37
41,950 at 2.81%$172.59
41,950 at 2.82%$172.82
41,950 at 2.83%$173.04
41,950 at 2.84%$173.26
41,950 at 2.85%$173.49
41,950 at 2.86%$173.71
41,950 at 2.87%$173.94
41,950 at 2.88%$174.16
41,950 at 2.89%$174.38
41,950 at 2.9%$174.61
41,950 at 2.91%$174.83
41,950 at 2.92%$175.06
41,950 at 2.93%$175.28
41,950 at 2.94%$175.51
41,950 at 2.95%$175.73
41,950 at 2.96%$175.96
41,950 at 2.97%$176.18
41,950 at 2.98%$176.41
41,950 at 2.99%$176.64
41,950 at 3%$176.86
41,950 at 3.01%$177.09
41,950 at 3.02%$177.32
41,950 at 3.03%$177.54
41,950 at 3.04%$177.77
41,950 at 3.05%$178.00
41,950 at 3.06%$178.22
41,950 at 3.07%$178.45
41,950 at 3.08%$178.68
41,950 at 3.09%$178.91
41,950 at 3.1%$179.13
41,950 at 3.11%$179.36
41,950 at 3.12%$179.59
41,950 at 3.13%$179.82
41,950 at 3.14%$180.05
41,950 at 3.15%$180.27
41,950 at 3.16%$180.50
41,950 at 3.17%$180.73
41,950 at 3.18%$180.96
41,950 at 3.19%$181.19
41,950 at 3.2%$181.42
41,950 at 3.21%$181.65
41,950 at 3.22%$181.88
41,950 at 3.23%$182.11
41,950 at 3.24%$182.34
41,950 at 3.25%$182.57
41,950 at 3.26%$182.80
41,950 at 3.27%$183.03
41,950 at 3.28%$183.26
41,950 at 3.29%$183.49
41,950 at 3.3%$183.72
41,950 at 3.31%$183.95
41,950 at 3.32%$184.18
41,950 at 3.33%$184.42
41,950 at 3.34%$184.65
41,950 at 3.35%$184.88
41,950 at 3.36%$185.11
41,950 at 3.37%$185.34
41,950 at 3.38%$185.58
41,950 at 3.39%$185.81
41,950 at 3.4%$186.04
41,950 at 3.41%$186.27
41,950 at 3.42%$186.51
41,950 at 3.43%$186.74
41,950 at 3.44%$186.97
41,950 at 3.45%$187.21
41,950 at 3.46%$187.44
41,950 at 3.47%$187.67
41,950 at 3.48%$187.91
41,950 at 3.49%$188.14
41,950 at 3.5%$188.37
Interest Rate 30 Year
41,950 at 3.51%$188.61
41,950 at 3.52%$188.84
41,950 at 3.53%$189.08
41,950 at 3.54%$189.31
41,950 at 3.55%$189.55
41,950 at 3.56%$189.78
41,950 at 3.57%$190.02
41,950 at 3.58%$190.25
41,950 at 3.59%$190.49
41,950 at 3.6%$190.72
41,950 at 3.61%$190.96
41,950 at 3.62%$191.20
41,950 at 3.63%$191.43
41,950 at 3.64%$191.67
41,950 at 3.65%$191.90
41,950 at 3.66%$192.14
41,950 at 3.67%$192.38
41,950 at 3.68%$192.61
41,950 at 3.69%$192.85
41,950 at 3.7%$193.09
41,950 at 3.71%$193.33
41,950 at 3.72%$193.56
41,950 at 3.73%$193.80
41,950 at 3.74%$194.04
41,950 at 3.75%$194.28
41,950 at 3.76%$194.52
41,950 at 3.77%$194.75
41,950 at 3.78%$194.99
41,950 at 3.79%$195.23
41,950 at 3.8%$195.47
41,950 at 3.81%$195.71
41,950 at 3.82%$195.95
41,950 at 3.83%$196.19
41,950 at 3.84%$196.43
41,950 at 3.85%$196.67
41,950 at 3.86%$196.90
41,950 at 3.87%$197.14
41,950 at 3.88%$197.38
41,950 at 3.89%$197.62
41,950 at 3.9%$197.86
41,950 at 3.91%$198.11
41,950 at 3.92%$198.35
41,950 at 3.93%$198.59
41,950 at 3.94%$198.83
41,950 at 3.95%$199.07
41,950 at 3.96%$199.31
41,950 at 3.97%$199.55
41,950 at 3.98%$199.79
41,950 at 3.99%$200.03
41,950 at 4%$200.28
41,950 at 4.01%$200.52
41,950 at 4.02%$200.76
41,950 at 4.03%$201.00
41,950 at 4.04%$201.24
41,950 at 4.05%$201.49
41,950 at 4.06%$201.73
41,950 at 4.07%$201.97
41,950 at 4.08%$202.22
41,950 at 4.09%$202.46
41,950 at 4.1%$202.70
41,950 at 4.11%$202.95
41,950 at 4.12%$203.19
41,950 at 4.13%$203.43
41,950 at 4.14%$203.68
41,950 at 4.15%$203.92
41,950 at 4.16%$204.16
41,950 at 4.17%$204.41
41,950 at 4.18%$204.65
41,950 at 4.19%$204.90
41,950 at 4.2%$205.14
41,950 at 4.21%$205.39
41,950 at 4.22%$205.63
41,950 at 4.23%$205.88
41,950 at 4.24%$206.12
41,950 at 4.25%$206.37
41,950 at 4.26%$206.61
41,950 at 4.27%$206.86
41,950 at 4.28%$207.11
41,950 at 4.29%$207.35
41,950 at 4.3%$207.60
41,950 at 4.31%$207.84
41,950 at 4.32%$208.09
41,950 at 4.33%$208.34
41,950 at 4.34%$208.59
41,950 at 4.35%$208.83
41,950 at 4.36%$209.08
41,950 at 4.37%$209.33
41,950 at 4.38%$209.57
41,950 at 4.39%$209.82
41,950 at 4.4%$210.07
41,950 at 4.41%$210.32
41,950 at 4.42%$210.57
41,950 at 4.43%$210.81
41,950 at 4.44%$211.06
41,950 at 4.45%$211.31
41,950 at 4.46%$211.56
41,950 at 4.47%$211.81
41,950 at 4.48%$212.06
41,950 at 4.49%$212.31
41,950 at 4.5%$212.55
41,950 at 4.51%$212.80
41,950 at 4.52%$213.05
41,950 at 4.53%$213.30
41,950 at 4.54%$213.55
41,950 at 4.55%$213.80
41,950 at 4.56%$214.05
41,950 at 4.57%$214.30
41,950 at 4.58%$214.55
41,950 at 4.59%$214.80
41,950 at 4.6%$215.05
41,950 at 4.61%$215.31
41,950 at 4.62%$215.56
41,950 at 4.63%$215.81
41,950 at 4.64%$216.06
41,950 at 4.65%$216.31
41,950 at 4.66%$216.56
41,950 at 4.67%$216.81
41,950 at 4.68%$217.06
41,950 at 4.69%$217.32
41,950 at 4.7%$217.57
41,950 at 4.71%$217.82
41,950 at 4.72%$218.07
41,950 at 4.73%$218.33
41,950 at 4.74%$218.58
41,950 at 4.75%$218.83
41,950 at 4.76%$219.08
41,950 at 4.77%$219.34
41,950 at 4.78%$219.59
41,950 at 4.79%$219.84
41,950 at 4.8%$220.10
41,950 at 4.81%$220.35
41,950 at 4.82%$220.60
41,950 at 4.83%$220.86
41,950 at 4.84%$221.11
41,950 at 4.85%$221.37
41,950 at 4.86%$221.62
41,950 at 4.87%$221.88
41,950 at 4.88%$222.13
41,950 at 4.89%$222.38
41,950 at 4.9%$222.64
41,950 at 4.91%$222.89
41,950 at 4.92%$223.15
41,950 at 4.93%$223.41
41,950 at 4.94%$223.66
41,950 at 4.95%$223.92
41,950 at 4.96%$224.17
41,950 at 4.97%$224.43
41,950 at 4.98%$224.68
41,950 at 4.99%$224.94
41,950 at 5%$225.20
Interest Rate 30 Year
41,950 at 5.01%$225.45
41,950 at 5.02%$225.71
41,950 at 5.03%$225.97
41,950 at 5.04%$226.22
41,950 at 5.05%$226.48
41,950 at 5.06%$226.74
41,950 at 5.07%$226.99
41,950 at 5.08%$227.25
41,950 at 5.09%$227.51
41,950 at 5.1%$227.77
41,950 at 5.11%$228.03
41,950 at 5.12%$228.28
41,950 at 5.13%$228.54
41,950 at 5.14%$228.80
41,950 at 5.15%$229.06
41,950 at 5.16%$229.32
41,950 at 5.17%$229.58
41,950 at 5.18%$229.83
41,950 at 5.19%$230.09
41,950 at 5.2%$230.35
41,950 at 5.21%$230.61
41,950 at 5.22%$230.87
41,950 at 5.23%$231.13
41,950 at 5.24%$231.39
41,950 at 5.25%$231.65
41,950 at 5.26%$231.91
41,950 at 5.27%$232.17
41,950 at 5.28%$232.43
41,950 at 5.29%$232.69
41,950 at 5.3%$232.95
41,950 at 5.31%$233.21
41,950 at 5.32%$233.47
41,950 at 5.33%$233.73
41,950 at 5.34%$233.99
41,950 at 5.35%$234.25
41,950 at 5.36%$234.52
41,950 at 5.37%$234.78
41,950 at 5.38%$235.04
41,950 at 5.39%$235.30
41,950 at 5.4%$235.56
41,950 at 5.41%$235.82
41,950 at 5.42%$236.09
41,950 at 5.43%$236.35
41,950 at 5.44%$236.61
41,950 at 5.45%$236.87
41,950 at 5.46%$237.14
41,950 at 5.47%$237.40
41,950 at 5.48%$237.66
41,950 at 5.49%$237.92
41,950 at 5.5%$238.19
41,950 at 5.51%$238.45
41,950 at 5.52%$238.71
41,950 at 5.53%$238.98
41,950 at 5.54%$239.24
41,950 at 5.55%$239.51
41,950 at 5.56%$239.77
41,950 at 5.57%$240.03
41,950 at 5.58%$240.30
41,950 at 5.59%$240.56
41,950 at 5.6%$240.83
41,950 at 5.61%$241.09
41,950 at 5.62%$241.36
41,950 at 5.63%$241.62
41,950 at 5.64%$241.89
41,950 at 5.65%$242.15
41,950 at 5.66%$242.42
41,950 at 5.67%$242.68
41,950 at 5.68%$242.95
41,950 at 5.69%$243.21
41,950 at 5.7%$243.48
41,950 at 5.71%$243.74
41,950 at 5.72%$244.01
41,950 at 5.73%$244.28
41,950 at 5.74%$244.54
41,950 at 5.75%$244.81
41,950 at 5.76%$245.08
41,950 at 5.77%$245.34
41,950 at 5.78%$245.61
41,950 at 5.79%$245.88
41,950 at 5.8%$246.14
41,950 at 5.81%$246.41
41,950 at 5.82%$246.68
41,950 at 5.83%$246.94
41,950 at 5.84%$247.21
41,950 at 5.85%$247.48
41,950 at 5.86%$247.75
41,950 at 5.87%$248.02
41,950 at 5.88%$248.28
41,950 at 5.89%$248.55
41,950 at 5.9%$248.82
41,950 at 5.91%$249.09
41,950 at 5.92%$249.36
41,950 at 5.93%$249.63
41,950 at 5.94%$249.90
41,950 at 5.95%$250.16
41,950 at 5.96%$250.43
41,950 at 5.97%$250.70
41,950 at 5.98%$250.97
41,950 at 5.99%$251.24
41,950 at 6%$251.51
41,950 at 6.01%$251.78
41,950 at 6.02%$252.05
41,950 at 6.03%$252.32
41,950 at 6.04%$252.59
41,950 at 6.05%$252.86
41,950 at 6.06%$253.13
41,950 at 6.07%$253.40
41,950 at 6.08%$253.67
41,950 at 6.09%$253.94
41,950 at 6.1%$254.21
41,950 at 6.11%$254.49
41,950 at 6.12%$254.76
41,950 at 6.13%$255.03
41,950 at 6.14%$255.30
41,950 at 6.15%$255.57
41,950 at 6.16%$255.84
41,950 at 6.17%$256.11
41,950 at 6.18%$256.39
41,950 at 6.19%$256.66
41,950 at 6.2%$256.93
41,950 at 6.21%$257.20
41,950 at 6.22%$257.48
41,950 at 6.23%$257.75
41,950 at 6.24%$258.02
41,950 at 6.25%$258.29
41,950 at 6.26%$258.57
41,950 at 6.27%$258.84
41,950 at 6.28%$259.11
41,950 at 6.29%$259.39
41,950 at 6.3%$259.66
41,950 at 6.31%$259.93
41,950 at 6.32%$260.21
41,950 at 6.33%$260.48
41,950 at 6.34%$260.75
41,950 at 6.35%$261.03
41,950 at 6.36%$261.30
41,950 at 6.37%$261.58
41,950 at 6.38%$261.85
41,950 at 6.39%$262.13
41,950 at 6.4%$262.40
41,950 at 6.41%$262.67
41,950 at 6.42%$262.95
41,950 at 6.43%$263.22
41,950 at 6.44%$263.50
41,950 at 6.45%$263.77
41,950 at 6.46%$264.05
41,950 at 6.47%$264.33
41,950 at 6.48%$264.60
41,950 at 6.49%$264.88
41,950 at 6.5%$265.15
Interest Rate 30 Year
41,950 at 6.51%$265.43
41,950 at 6.52%$265.70
41,950 at 6.53%$265.98
41,950 at 6.54%$266.26
41,950 at 6.55%$266.53
41,950 at 6.56%$266.81
41,950 at 6.57%$267.09
41,950 at 6.58%$267.36
41,950 at 6.59%$267.64
41,950 at 6.6%$267.92
41,950 at 6.61%$268.19
41,950 at 6.62%$268.47
41,950 at 6.63%$268.75
41,950 at 6.64%$269.03
41,950 at 6.65%$269.30
41,950 at 6.66%$269.58
41,950 at 6.67%$269.86
41,950 at 6.68%$270.14
41,950 at 6.69%$270.42
41,950 at 6.7%$270.69
41,950 at 6.71%$270.97
41,950 at 6.72%$271.25
41,950 at 6.73%$271.53
41,950 at 6.74%$271.81
41,950 at 6.75%$272.09
41,950 at 6.76%$272.37
41,950 at 6.77%$272.64
41,950 at 6.78%$272.92
41,950 at 6.79%$273.20
41,950 at 6.8%$273.48
41,950 at 6.81%$273.76
41,950 at 6.82%$274.04
41,950 at 6.83%$274.32
41,950 at 6.84%$274.60
41,950 at 6.85%$274.88
41,950 at 6.86%$275.16
41,950 at 6.87%$275.44
41,950 at 6.88%$275.72
41,950 at 6.89%$276.00
41,950 at 6.9%$276.28
41,950 at 6.91%$276.56
41,950 at 6.92%$276.84
41,950 at 6.93%$277.13
41,950 at 6.94%$277.41
41,950 at 6.95%$277.69
41,950 at 6.96%$277.97
41,950 at 6.97%$278.25
41,950 at 6.98%$278.53
41,950 at 6.99%$278.81
41,950 at 7%$279.09
41,950 at 7.01%$279.38
41,950 at 7.02%$279.66
41,950 at 7.03%$279.94
41,950 at 7.04%$280.22
41,950 at 7.05%$280.50
41,950 at 7.06%$280.79
41,950 at 7.07%$281.07
41,950 at 7.08%$281.35
41,950 at 7.09%$281.63
41,950 at 7.1%$281.92
41,950 at 7.11%$282.20
41,950 at 7.12%$282.48
41,950 at 7.13%$282.77
41,950 at 7.14%$283.05
41,950 at 7.15%$283.33
41,950 at 7.16%$283.62
41,950 at 7.17%$283.90
41,950 at 7.18%$284.18
41,950 at 7.19%$284.47
41,950 at 7.2%$284.75
41,950 at 7.21%$285.04
41,950 at 7.22%$285.32
41,950 at 7.23%$285.60
41,950 at 7.24%$285.89
41,950 at 7.25%$286.17
41,950 at 7.26%$286.46
41,950 at 7.27%$286.74
41,950 at 7.28%$287.03
41,950 at 7.29%$287.31
41,950 at 7.3%$287.60
41,950 at 7.31%$287.88
41,950 at 7.32%$288.17
41,950 at 7.33%$288.45
41,950 at 7.34%$288.74
41,950 at 7.35%$289.02
41,950 at 7.36%$289.31
41,950 at 7.37%$289.60
41,950 at 7.38%$289.88
41,950 at 7.39%$290.17
41,950 at 7.4%$290.45
41,950 at 7.41%$290.74
41,950 at 7.42%$291.03
41,950 at 7.43%$291.31
41,950 at 7.44%$291.60
41,950 at 7.45%$291.89
41,950 at 7.46%$292.17
41,950 at 7.47%$292.46
41,950 at 7.48%$292.75
41,950 at 7.49%$293.03
41,950 at 7.5%$293.32
41,950 at 7.51%$293.61
41,950 at 7.52%$293.90
41,950 at 7.53%$294.18
41,950 at 7.54%$294.47
41,950 at 7.55%$294.76
41,950 at 7.56%$295.05
41,950 at 7.57%$295.33
41,950 at 7.58%$295.62
41,950 at 7.59%$295.91
41,950 at 7.6%$296.20
41,950 at 7.61%$296.49
41,950 at 7.62%$296.78
41,950 at 7.63%$297.06
41,950 at 7.64%$297.35
41,950 at 7.65%$297.64
41,950 at 7.66%$297.93
41,950 at 7.67%$298.22
41,950 at 7.68%$298.51
41,950 at 7.69%$298.80
41,950 at 7.7%$299.09
41,950 at 7.71%$299.38
41,950 at 7.72%$299.67
41,950 at 7.73%$299.96
41,950 at 7.74%$300.25
41,950 at 7.75%$300.53
41,950 at 7.76%$300.82
41,950 at 7.77%$301.11
41,950 at 7.78%$301.41
41,950 at 7.79%$301.70
41,950 at 7.8%$301.99
41,950 at 7.81%$302.28
41,950 at 7.82%$302.57
41,950 at 7.83%$302.86
41,950 at 7.84%$303.15
41,950 at 7.85%$303.44
41,950 at 7.86%$303.73
41,950 at 7.87%$304.02
41,950 at 7.88%$304.31
41,950 at 7.89%$304.60
41,950 at 7.9%$304.89
41,950 at 7.91%$305.19
41,950 at 7.92%$305.48
41,950 at 7.93%$305.77
41,950 at 7.94%$306.06
41,950 at 7.95%$306.35
41,950 at 7.96%$306.65
41,950 at 7.97%$306.94
41,950 at 7.98%$307.23
41,950 at 7.99%$307.52
41,950 at 8%$307.81
More Amounts
What is the down payment for a $41,950 house? How much do you need to put down?
Percent Down Down Payment
1%420
2%839
3%1,259
4%1,678
5%2,098
6%2,517
7%2,937
8%3,356
9%3,776
10%4,195
11%4,615
12%5,034
13%5,454
14%5,873
15%6,293
16%6,712
17%7,132
18%7,551
19%7,971
20%8,390
Percent Down Down Payment
21%8,810
22%9,229
23%9,649
24%10,068
25%10,488
26%10,907
27%11,327
28%11,746
29%12,166
30%12,585
31%13,005
32%13,424
33%13,844
34%14,263
35%14,683
36%15,102
37%15,522
38%15,941
39%16,361
40%16,780
Percent Down Down Payment
41%17,200
42%17,619
43%18,039
44%18,458
45%18,878
46%19,297
47%19,717
48%20,136
49%20,556
50%20,975
51%21,395
52%21,814
53%22,234
54%22,653
55%23,073
56%23,492
57%23,912
58%24,331
59%24,751
60%25,170
Percent Down Down Payment
61%25,590
62%26,009
63%26,429
64%26,848
65%27,268
66%27,687
67%28,107
68%28,526
69%28,946
70%29,365
71%29,785
72%30,204
73%30,624
74%31,043
75%31,463
76%31,882
77%32,302
78%32,721
79%33,141
80%33,560
Percent Down Down Payment
81%33,980
82%34,399
83%34,819
84%35,238
85%35,658
86%36,077
87%36,497
88%36,916
89%37,336
90%37,755
91%38,175
92%38,594
93%39,014
94%39,433
95%39,853
96%40,272
97%40,692
98%41,111
99%41,531
100%41,950
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.