$42,750 Mortgage for 30 Years

What is the monthly payment of a 42,750 dollar loan?
$
$
%
%
years
Loan Tables for a $42,750 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 43k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $42,750 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
42,750 at 2.01%$158.23
42,750 at 2.02%$158.44
42,750 at 2.03%$158.65
42,750 at 2.04%$158.87
42,750 at 2.05%$159.08
42,750 at 2.06%$159.30
42,750 at 2.07%$159.51
42,750 at 2.08%$159.73
42,750 at 2.09%$159.94
42,750 at 2.1%$160.16
42,750 at 2.11%$160.37
42,750 at 2.12%$160.59
42,750 at 2.13%$160.81
42,750 at 2.14%$161.02
42,750 at 2.15%$161.24
42,750 at 2.16%$161.45
42,750 at 2.17%$161.67
42,750 at 2.18%$161.89
42,750 at 2.19%$162.10
42,750 at 2.2%$162.32
42,750 at 2.21%$162.54
42,750 at 2.22%$162.76
42,750 at 2.23%$162.97
42,750 at 2.24%$163.19
42,750 at 2.25%$163.41
42,750 at 2.26%$163.63
42,750 at 2.27%$163.85
42,750 at 2.28%$164.07
42,750 at 2.29%$164.28
42,750 at 2.3%$164.50
42,750 at 2.31%$164.72
42,750 at 2.32%$164.94
42,750 at 2.33%$165.16
42,750 at 2.34%$165.38
42,750 at 2.35%$165.60
42,750 at 2.36%$165.82
42,750 at 2.37%$166.04
42,750 at 2.38%$166.26
42,750 at 2.39%$166.48
42,750 at 2.4%$166.70
42,750 at 2.41%$166.92
42,750 at 2.42%$167.14
42,750 at 2.43%$167.36
42,750 at 2.44%$167.58
42,750 at 2.45%$167.80
42,750 at 2.46%$168.03
42,750 at 2.47%$168.25
42,750 at 2.48%$168.47
42,750 at 2.49%$168.69
42,750 at 2.5%$168.91
42,750 at 2.51%$169.14
42,750 at 2.52%$169.36
42,750 at 2.53%$169.58
42,750 at 2.54%$169.80
42,750 at 2.55%$170.03
42,750 at 2.56%$170.25
42,750 at 2.57%$170.47
42,750 at 2.58%$170.70
42,750 at 2.59%$170.92
42,750 at 2.6%$171.15
42,750 at 2.61%$171.37
42,750 at 2.62%$171.59
42,750 at 2.63%$171.82
42,750 at 2.64%$172.04
42,750 at 2.65%$172.27
42,750 at 2.66%$172.49
42,750 at 2.67%$172.72
42,750 at 2.68%$172.94
42,750 at 2.69%$173.17
42,750 at 2.7%$173.39
42,750 at 2.71%$173.62
42,750 at 2.72%$173.84
42,750 at 2.73%$174.07
42,750 at 2.74%$174.30
42,750 at 2.75%$174.52
42,750 at 2.76%$174.75
42,750 at 2.77%$174.98
42,750 at 2.78%$175.20
42,750 at 2.79%$175.43
42,750 at 2.8%$175.66
42,750 at 2.81%$175.88
42,750 at 2.82%$176.11
42,750 at 2.83%$176.34
42,750 at 2.84%$176.57
42,750 at 2.85%$176.80
42,750 at 2.86%$177.02
42,750 at 2.87%$177.25
42,750 at 2.88%$177.48
42,750 at 2.89%$177.71
42,750 at 2.9%$177.94
42,750 at 2.91%$178.17
42,750 at 2.92%$178.40
42,750 at 2.93%$178.63
42,750 at 2.94%$178.86
42,750 at 2.95%$179.08
42,750 at 2.96%$179.31
42,750 at 2.97%$179.54
42,750 at 2.98%$179.77
42,750 at 2.99%$180.01
42,750 at 3%$180.24
42,750 at 3.01%$180.47
42,750 at 3.02%$180.70
42,750 at 3.03%$180.93
42,750 at 3.04%$181.16
42,750 at 3.05%$181.39
42,750 at 3.06%$181.62
42,750 at 3.07%$181.85
42,750 at 3.08%$182.09
42,750 at 3.09%$182.32
42,750 at 3.1%$182.55
42,750 at 3.11%$182.78
42,750 at 3.12%$183.01
42,750 at 3.13%$183.25
42,750 at 3.14%$183.48
42,750 at 3.15%$183.71
42,750 at 3.16%$183.95
42,750 at 3.17%$184.18
42,750 at 3.18%$184.41
42,750 at 3.19%$184.65
42,750 at 3.2%$184.88
42,750 at 3.21%$185.11
42,750 at 3.22%$185.35
42,750 at 3.23%$185.58
42,750 at 3.24%$185.82
42,750 at 3.25%$186.05
42,750 at 3.26%$186.29
42,750 at 3.27%$186.52
42,750 at 3.28%$186.76
42,750 at 3.29%$186.99
42,750 at 3.3%$187.23
42,750 at 3.31%$187.46
42,750 at 3.32%$187.70
42,750 at 3.33%$187.93
42,750 at 3.34%$188.17
42,750 at 3.35%$188.41
42,750 at 3.36%$188.64
42,750 at 3.37%$188.88
42,750 at 3.38%$189.11
42,750 at 3.39%$189.35
42,750 at 3.4%$189.59
42,750 at 3.41%$189.83
42,750 at 3.42%$190.06
42,750 at 3.43%$190.30
42,750 at 3.44%$190.54
42,750 at 3.45%$190.78
42,750 at 3.46%$191.01
42,750 at 3.47%$191.25
42,750 at 3.48%$191.49
42,750 at 3.49%$191.73
42,750 at 3.5%$191.97
Interest Rate 30 Year
42,750 at 3.51%$192.21
42,750 at 3.52%$192.44
42,750 at 3.53%$192.68
42,750 at 3.54%$192.92
42,750 at 3.55%$193.16
42,750 at 3.56%$193.40
42,750 at 3.57%$193.64
42,750 at 3.58%$193.88
42,750 at 3.59%$194.12
42,750 at 3.6%$194.36
42,750 at 3.61%$194.60
42,750 at 3.62%$194.84
42,750 at 3.63%$195.08
42,750 at 3.64%$195.32
42,750 at 3.65%$195.56
42,750 at 3.66%$195.81
42,750 at 3.67%$196.05
42,750 at 3.68%$196.29
42,750 at 3.69%$196.53
42,750 at 3.7%$196.77
42,750 at 3.71%$197.01
42,750 at 3.72%$197.25
42,750 at 3.73%$197.50
42,750 at 3.74%$197.74
42,750 at 3.75%$197.98
42,750 at 3.76%$198.22
42,750 at 3.77%$198.47
42,750 at 3.78%$198.71
42,750 at 3.79%$198.95
42,750 at 3.8%$199.20
42,750 at 3.81%$199.44
42,750 at 3.82%$199.68
42,750 at 3.83%$199.93
42,750 at 3.84%$200.17
42,750 at 3.85%$200.42
42,750 at 3.86%$200.66
42,750 at 3.87%$200.90
42,750 at 3.88%$201.15
42,750 at 3.89%$201.39
42,750 at 3.9%$201.64
42,750 at 3.91%$201.88
42,750 at 3.92%$202.13
42,750 at 3.93%$202.37
42,750 at 3.94%$202.62
42,750 at 3.95%$202.86
42,750 at 3.96%$203.11
42,750 at 3.97%$203.36
42,750 at 3.98%$203.60
42,750 at 3.99%$203.85
42,750 at 4%$204.10
42,750 at 4.01%$204.34
42,750 at 4.02%$204.59
42,750 at 4.03%$204.84
42,750 at 4.04%$205.08
42,750 at 4.05%$205.33
42,750 at 4.06%$205.58
42,750 at 4.07%$205.82
42,750 at 4.08%$206.07
42,750 at 4.09%$206.32
42,750 at 4.1%$206.57
42,750 at 4.11%$206.82
42,750 at 4.12%$207.06
42,750 at 4.13%$207.31
42,750 at 4.14%$207.56
42,750 at 4.15%$207.81
42,750 at 4.16%$208.06
42,750 at 4.17%$208.31
42,750 at 4.18%$208.56
42,750 at 4.19%$208.81
42,750 at 4.2%$209.05
42,750 at 4.21%$209.30
42,750 at 4.22%$209.55
42,750 at 4.23%$209.80
42,750 at 4.24%$210.05
42,750 at 4.25%$210.30
42,750 at 4.26%$210.55
42,750 at 4.27%$210.81
42,750 at 4.28%$211.06
42,750 at 4.29%$211.31
42,750 at 4.3%$211.56
42,750 at 4.31%$211.81
42,750 at 4.32%$212.06
42,750 at 4.33%$212.31
42,750 at 4.34%$212.56
42,750 at 4.35%$212.81
42,750 at 4.36%$213.07
42,750 at 4.37%$213.32
42,750 at 4.38%$213.57
42,750 at 4.39%$213.82
42,750 at 4.4%$214.08
42,750 at 4.41%$214.33
42,750 at 4.42%$214.58
42,750 at 4.43%$214.83
42,750 at 4.44%$215.09
42,750 at 4.45%$215.34
42,750 at 4.46%$215.59
42,750 at 4.47%$215.85
42,750 at 4.48%$216.10
42,750 at 4.49%$216.35
42,750 at 4.5%$216.61
42,750 at 4.51%$216.86
42,750 at 4.52%$217.12
42,750 at 4.53%$217.37
42,750 at 4.54%$217.63
42,750 at 4.55%$217.88
42,750 at 4.56%$218.13
42,750 at 4.57%$218.39
42,750 at 4.58%$218.64
42,750 at 4.59%$218.90
42,750 at 4.6%$219.16
42,750 at 4.61%$219.41
42,750 at 4.62%$219.67
42,750 at 4.63%$219.92
42,750 at 4.64%$220.18
42,750 at 4.65%$220.43
42,750 at 4.66%$220.69
42,750 at 4.67%$220.95
42,750 at 4.68%$221.20
42,750 at 4.69%$221.46
42,750 at 4.7%$221.72
42,750 at 4.71%$221.97
42,750 at 4.72%$222.23
42,750 at 4.73%$222.49
42,750 at 4.74%$222.75
42,750 at 4.75%$223.00
42,750 at 4.76%$223.26
42,750 at 4.77%$223.52
42,750 at 4.78%$223.78
42,750 at 4.79%$224.04
42,750 at 4.8%$224.29
42,750 at 4.81%$224.55
42,750 at 4.82%$224.81
42,750 at 4.83%$225.07
42,750 at 4.84%$225.33
42,750 at 4.85%$225.59
42,750 at 4.86%$225.85
42,750 at 4.87%$226.11
42,750 at 4.88%$226.37
42,750 at 4.89%$226.63
42,750 at 4.9%$226.89
42,750 at 4.91%$227.15
42,750 at 4.92%$227.41
42,750 at 4.93%$227.67
42,750 at 4.94%$227.93
42,750 at 4.95%$228.19
42,750 at 4.96%$228.45
42,750 at 4.97%$228.71
42,750 at 4.98%$228.97
42,750 at 4.99%$229.23
42,750 at 5%$229.49
Interest Rate 30 Year
42,750 at 5.01%$229.75
42,750 at 5.02%$230.01
42,750 at 5.03%$230.28
42,750 at 5.04%$230.54
42,750 at 5.05%$230.80
42,750 at 5.06%$231.06
42,750 at 5.07%$231.32
42,750 at 5.08%$231.59
42,750 at 5.09%$231.85
42,750 at 5.1%$232.11
42,750 at 5.11%$232.37
42,750 at 5.12%$232.64
42,750 at 5.13%$232.90
42,750 at 5.14%$233.16
42,750 at 5.15%$233.43
42,750 at 5.16%$233.69
42,750 at 5.17%$233.95
42,750 at 5.18%$234.22
42,750 at 5.19%$234.48
42,750 at 5.2%$234.74
42,750 at 5.21%$235.01
42,750 at 5.22%$235.27
42,750 at 5.23%$235.54
42,750 at 5.24%$235.80
42,750 at 5.25%$236.07
42,750 at 5.26%$236.33
42,750 at 5.27%$236.60
42,750 at 5.28%$236.86
42,750 at 5.29%$237.13
42,750 at 5.3%$237.39
42,750 at 5.31%$237.66
42,750 at 5.32%$237.92
42,750 at 5.33%$238.19
42,750 at 5.34%$238.46
42,750 at 5.35%$238.72
42,750 at 5.36%$238.99
42,750 at 5.37%$239.25
42,750 at 5.38%$239.52
42,750 at 5.39%$239.79
42,750 at 5.4%$240.05
42,750 at 5.41%$240.32
42,750 at 5.42%$240.59
42,750 at 5.43%$240.86
42,750 at 5.44%$241.12
42,750 at 5.45%$241.39
42,750 at 5.46%$241.66
42,750 at 5.47%$241.93
42,750 at 5.48%$242.19
42,750 at 5.49%$242.46
42,750 at 5.5%$242.73
42,750 at 5.51%$243.00
42,750 at 5.52%$243.27
42,750 at 5.53%$243.54
42,750 at 5.54%$243.80
42,750 at 5.55%$244.07
42,750 at 5.56%$244.34
42,750 at 5.57%$244.61
42,750 at 5.58%$244.88
42,750 at 5.59%$245.15
42,750 at 5.6%$245.42
42,750 at 5.61%$245.69
42,750 at 5.62%$245.96
42,750 at 5.63%$246.23
42,750 at 5.64%$246.50
42,750 at 5.65%$246.77
42,750 at 5.66%$247.04
42,750 at 5.67%$247.31
42,750 at 5.68%$247.58
42,750 at 5.69%$247.85
42,750 at 5.7%$248.12
42,750 at 5.71%$248.39
42,750 at 5.72%$248.66
42,750 at 5.73%$248.93
42,750 at 5.74%$249.21
42,750 at 5.75%$249.48
42,750 at 5.76%$249.75
42,750 at 5.77%$250.02
42,750 at 5.78%$250.29
42,750 at 5.79%$250.56
42,750 at 5.8%$250.84
42,750 at 5.81%$251.11
42,750 at 5.82%$251.38
42,750 at 5.83%$251.65
42,750 at 5.84%$251.93
42,750 at 5.85%$252.20
42,750 at 5.86%$252.47
42,750 at 5.87%$252.75
42,750 at 5.88%$253.02
42,750 at 5.89%$253.29
42,750 at 5.9%$253.57
42,750 at 5.91%$253.84
42,750 at 5.92%$254.11
42,750 at 5.93%$254.39
42,750 at 5.94%$254.66
42,750 at 5.95%$254.94
42,750 at 5.96%$255.21
42,750 at 5.97%$255.48
42,750 at 5.98%$255.76
42,750 at 5.99%$256.03
42,750 at 6%$256.31
42,750 at 6.01%$256.58
42,750 at 6.02%$256.86
42,750 at 6.03%$257.13
42,750 at 6.04%$257.41
42,750 at 6.05%$257.68
42,750 at 6.06%$257.96
42,750 at 6.07%$258.23
42,750 at 6.08%$258.51
42,750 at 6.09%$258.79
42,750 at 6.1%$259.06
42,750 at 6.11%$259.34
42,750 at 6.12%$259.62
42,750 at 6.13%$259.89
42,750 at 6.14%$260.17
42,750 at 6.15%$260.45
42,750 at 6.16%$260.72
42,750 at 6.17%$261.00
42,750 at 6.18%$261.28
42,750 at 6.19%$261.55
42,750 at 6.2%$261.83
42,750 at 6.21%$262.11
42,750 at 6.22%$262.39
42,750 at 6.23%$262.66
42,750 at 6.24%$262.94
42,750 at 6.25%$263.22
42,750 at 6.26%$263.50
42,750 at 6.27%$263.78
42,750 at 6.28%$264.05
42,750 at 6.29%$264.33
42,750 at 6.3%$264.61
42,750 at 6.31%$264.89
42,750 at 6.32%$265.17
42,750 at 6.33%$265.45
42,750 at 6.34%$265.73
42,750 at 6.35%$266.01
42,750 at 6.36%$266.29
42,750 at 6.37%$266.56
42,750 at 6.38%$266.84
42,750 at 6.39%$267.12
42,750 at 6.4%$267.40
42,750 at 6.41%$267.68
42,750 at 6.42%$267.96
42,750 at 6.43%$268.24
42,750 at 6.44%$268.52
42,750 at 6.45%$268.80
42,750 at 6.46%$269.09
42,750 at 6.47%$269.37
42,750 at 6.48%$269.65
42,750 at 6.49%$269.93
42,750 at 6.5%$270.21
Interest Rate 30 Year
42,750 at 6.51%$270.49
42,750 at 6.52%$270.77
42,750 at 6.53%$271.05
42,750 at 6.54%$271.33
42,750 at 6.55%$271.62
42,750 at 6.56%$271.90
42,750 at 6.57%$272.18
42,750 at 6.58%$272.46
42,750 at 6.59%$272.74
42,750 at 6.6%$273.03
42,750 at 6.61%$273.31
42,750 at 6.62%$273.59
42,750 at 6.63%$273.87
42,750 at 6.64%$274.16
42,750 at 6.65%$274.44
42,750 at 6.66%$274.72
42,750 at 6.67%$275.01
42,750 at 6.68%$275.29
42,750 at 6.69%$275.57
42,750 at 6.7%$275.86
42,750 at 6.71%$276.14
42,750 at 6.72%$276.42
42,750 at 6.73%$276.71
42,750 at 6.74%$276.99
42,750 at 6.75%$277.28
42,750 at 6.76%$277.56
42,750 at 6.77%$277.84
42,750 at 6.78%$278.13
42,750 at 6.79%$278.41
42,750 at 6.8%$278.70
42,750 at 6.81%$278.98
42,750 at 6.82%$279.27
42,750 at 6.83%$279.55
42,750 at 6.84%$279.84
42,750 at 6.85%$280.12
42,750 at 6.86%$280.41
42,750 at 6.87%$280.69
42,750 at 6.88%$280.98
42,750 at 6.89%$281.27
42,750 at 6.9%$281.55
42,750 at 6.91%$281.84
42,750 at 6.92%$282.12
42,750 at 6.93%$282.41
42,750 at 6.94%$282.70
42,750 at 6.95%$282.98
42,750 at 6.96%$283.27
42,750 at 6.97%$283.56
42,750 at 6.98%$283.84
42,750 at 6.99%$284.13
42,750 at 7%$284.42
42,750 at 7.01%$284.70
42,750 at 7.02%$284.99
42,750 at 7.03%$285.28
42,750 at 7.04%$285.57
42,750 at 7.05%$285.85
42,750 at 7.06%$286.14
42,750 at 7.07%$286.43
42,750 at 7.08%$286.72
42,750 at 7.09%$287.01
42,750 at 7.1%$287.29
42,750 at 7.11%$287.58
42,750 at 7.12%$287.87
42,750 at 7.13%$288.16
42,750 at 7.14%$288.45
42,750 at 7.15%$288.74
42,750 at 7.16%$289.03
42,750 at 7.17%$289.31
42,750 at 7.18%$289.60
42,750 at 7.19%$289.89
42,750 at 7.2%$290.18
42,750 at 7.21%$290.47
42,750 at 7.22%$290.76
42,750 at 7.23%$291.05
42,750 at 7.24%$291.34
42,750 at 7.25%$291.63
42,750 at 7.26%$291.92
42,750 at 7.27%$292.21
42,750 at 7.28%$292.50
42,750 at 7.29%$292.79
42,750 at 7.3%$293.08
42,750 at 7.31%$293.37
42,750 at 7.32%$293.66
42,750 at 7.33%$293.95
42,750 at 7.34%$294.24
42,750 at 7.35%$294.54
42,750 at 7.36%$294.83
42,750 at 7.37%$295.12
42,750 at 7.38%$295.41
42,750 at 7.39%$295.70
42,750 at 7.4%$295.99
42,750 at 7.41%$296.28
42,750 at 7.42%$296.58
42,750 at 7.43%$296.87
42,750 at 7.44%$297.16
42,750 at 7.45%$297.45
42,750 at 7.46%$297.74
42,750 at 7.47%$298.04
42,750 at 7.48%$298.33
42,750 at 7.49%$298.62
42,750 at 7.5%$298.91
42,750 at 7.51%$299.21
42,750 at 7.52%$299.50
42,750 at 7.53%$299.79
42,750 at 7.54%$300.09
42,750 at 7.55%$300.38
42,750 at 7.56%$300.67
42,750 at 7.57%$300.97
42,750 at 7.58%$301.26
42,750 at 7.59%$301.55
42,750 at 7.6%$301.85
42,750 at 7.61%$302.14
42,750 at 7.62%$302.43
42,750 at 7.63%$302.73
42,750 at 7.64%$303.02
42,750 at 7.65%$303.32
42,750 at 7.66%$303.61
42,750 at 7.67%$303.91
42,750 at 7.68%$304.20
42,750 at 7.69%$304.50
42,750 at 7.7%$304.79
42,750 at 7.71%$305.09
42,750 at 7.72%$305.38
42,750 at 7.73%$305.68
42,750 at 7.74%$305.97
42,750 at 7.75%$306.27
42,750 at 7.76%$306.56
42,750 at 7.77%$306.86
42,750 at 7.78%$307.15
42,750 at 7.79%$307.45
42,750 at 7.8%$307.74
42,750 at 7.81%$308.04
42,750 at 7.82%$308.34
42,750 at 7.83%$308.63
42,750 at 7.84%$308.93
42,750 at 7.85%$309.23
42,750 at 7.86%$309.52
42,750 at 7.87%$309.82
42,750 at 7.88%$310.12
42,750 at 7.89%$310.41
42,750 at 7.9%$310.71
42,750 at 7.91%$311.01
42,750 at 7.92%$311.30
42,750 at 7.93%$311.60
42,750 at 7.94%$311.90
42,750 at 7.95%$312.20
42,750 at 7.96%$312.49
42,750 at 7.97%$312.79
42,750 at 7.98%$313.09
42,750 at 7.99%$313.39
42,750 at 8%$313.68
More Amounts
What is the down payment for a $42,750 house? How much do you need to put down?
Percent Down Down Payment
1%428
2%855
3%1,283
4%1,710
5%2,138
6%2,565
7%2,993
8%3,420
9%3,848
10%4,275
11%4,703
12%5,130
13%5,558
14%5,985
15%6,413
16%6,840
17%7,268
18%7,695
19%8,123
20%8,550
Percent Down Down Payment
21%8,978
22%9,405
23%9,833
24%10,260
25%10,688
26%11,115
27%11,543
28%11,970
29%12,398
30%12,825
31%13,253
32%13,680
33%14,108
34%14,535
35%14,963
36%15,390
37%15,818
38%16,245
39%16,673
40%17,100
Percent Down Down Payment
41%17,528
42%17,955
43%18,383
44%18,810
45%19,238
46%19,665
47%20,093
48%20,520
49%20,948
50%21,375
51%21,803
52%22,230
53%22,658
54%23,085
55%23,513
56%23,940
57%24,368
58%24,795
59%25,223
60%25,650
Percent Down Down Payment
61%26,078
62%26,505
63%26,933
64%27,360
65%27,788
66%28,215
67%28,643
68%29,070
69%29,498
70%29,925
71%30,353
72%30,780
73%31,208
74%31,635
75%32,063
76%32,490
77%32,918
78%33,345
79%33,773
80%34,200
Percent Down Down Payment
81%34,628
82%35,055
83%35,483
84%35,910
85%36,338
86%36,765
87%37,193
88%37,620
89%38,048
90%38,475
91%38,903
92%39,330
93%39,758
94%40,185
95%40,613
96%41,040
97%41,468
98%41,895
99%42,323
100%42,750
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.