$44,550 Mortgage for 30 Years

What is the monthly payment of a 44,550 dollar loan?
$
$
%
%
years
Loan Tables for a $44,550 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 45k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $44,550 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
44,550 at 2.01%$164.89
44,550 at 2.02%$165.11
44,550 at 2.03%$165.33
44,550 at 2.04%$165.56
44,550 at 2.05%$165.78
44,550 at 2.06%$166.01
44,550 at 2.07%$166.23
44,550 at 2.08%$166.45
44,550 at 2.09%$166.68
44,550 at 2.1%$166.90
44,550 at 2.11%$167.13
44,550 at 2.12%$167.35
44,550 at 2.13%$167.58
44,550 at 2.14%$167.80
44,550 at 2.15%$168.03
44,550 at 2.16%$168.25
44,550 at 2.17%$168.48
44,550 at 2.18%$168.70
44,550 at 2.19%$168.93
44,550 at 2.2%$169.16
44,550 at 2.21%$169.38
44,550 at 2.22%$169.61
44,550 at 2.23%$169.84
44,550 at 2.24%$170.06
44,550 at 2.25%$170.29
44,550 at 2.26%$170.52
44,550 at 2.27%$170.75
44,550 at 2.28%$170.97
44,550 at 2.29%$171.20
44,550 at 2.3%$171.43
44,550 at 2.31%$171.66
44,550 at 2.32%$171.89
44,550 at 2.33%$172.11
44,550 at 2.34%$172.34
44,550 at 2.35%$172.57
44,550 at 2.36%$172.80
44,550 at 2.37%$173.03
44,550 at 2.38%$173.26
44,550 at 2.39%$173.49
44,550 at 2.4%$173.72
44,550 at 2.41%$173.95
44,550 at 2.42%$174.18
44,550 at 2.43%$174.41
44,550 at 2.44%$174.64
44,550 at 2.45%$174.87
44,550 at 2.46%$175.10
44,550 at 2.47%$175.33
44,550 at 2.48%$175.56
44,550 at 2.49%$175.79
44,550 at 2.5%$176.03
44,550 at 2.51%$176.26
44,550 at 2.52%$176.49
44,550 at 2.53%$176.72
44,550 at 2.54%$176.95
44,550 at 2.55%$177.19
44,550 at 2.56%$177.42
44,550 at 2.57%$177.65
44,550 at 2.58%$177.88
44,550 at 2.59%$178.12
44,550 at 2.6%$178.35
44,550 at 2.61%$178.58
44,550 at 2.62%$178.82
44,550 at 2.63%$179.05
44,550 at 2.64%$179.29
44,550 at 2.65%$179.52
44,550 at 2.66%$179.75
44,550 at 2.67%$179.99
44,550 at 2.68%$180.22
44,550 at 2.69%$180.46
44,550 at 2.7%$180.69
44,550 at 2.71%$180.93
44,550 at 2.72%$181.16
44,550 at 2.73%$181.40
44,550 at 2.74%$181.64
44,550 at 2.75%$181.87
44,550 at 2.76%$182.11
44,550 at 2.77%$182.34
44,550 at 2.78%$182.58
44,550 at 2.79%$182.82
44,550 at 2.8%$183.05
44,550 at 2.81%$183.29
44,550 at 2.82%$183.53
44,550 at 2.83%$183.76
44,550 at 2.84%$184.00
44,550 at 2.85%$184.24
44,550 at 2.86%$184.48
44,550 at 2.87%$184.72
44,550 at 2.88%$184.95
44,550 at 2.89%$185.19
44,550 at 2.9%$185.43
44,550 at 2.91%$185.67
44,550 at 2.92%$185.91
44,550 at 2.93%$186.15
44,550 at 2.94%$186.39
44,550 at 2.95%$186.63
44,550 at 2.96%$186.86
44,550 at 2.97%$187.10
44,550 at 2.98%$187.34
44,550 at 2.99%$187.58
44,550 at 3%$187.82
44,550 at 3.01%$188.06
44,550 at 3.02%$188.31
44,550 at 3.03%$188.55
44,550 at 3.04%$188.79
44,550 at 3.05%$189.03
44,550 at 3.06%$189.27
44,550 at 3.07%$189.51
44,550 at 3.08%$189.75
44,550 at 3.09%$189.99
44,550 at 3.1%$190.24
44,550 at 3.11%$190.48
44,550 at 3.12%$190.72
44,550 at 3.13%$190.96
44,550 at 3.14%$191.21
44,550 at 3.15%$191.45
44,550 at 3.16%$191.69
44,550 at 3.17%$191.93
44,550 at 3.18%$192.18
44,550 at 3.19%$192.42
44,550 at 3.2%$192.66
44,550 at 3.21%$192.91
44,550 at 3.22%$193.15
44,550 at 3.23%$193.40
44,550 at 3.24%$193.64
44,550 at 3.25%$193.88
44,550 at 3.26%$194.13
44,550 at 3.27%$194.37
44,550 at 3.28%$194.62
44,550 at 3.29%$194.86
44,550 at 3.3%$195.11
44,550 at 3.31%$195.35
44,550 at 3.32%$195.60
44,550 at 3.33%$195.85
44,550 at 3.34%$196.09
44,550 at 3.35%$196.34
44,550 at 3.36%$196.58
44,550 at 3.37%$196.83
44,550 at 3.38%$197.08
44,550 at 3.39%$197.32
44,550 at 3.4%$197.57
44,550 at 3.41%$197.82
44,550 at 3.42%$198.07
44,550 at 3.43%$198.31
44,550 at 3.44%$198.56
44,550 at 3.45%$198.81
44,550 at 3.46%$199.06
44,550 at 3.47%$199.30
44,550 at 3.48%$199.55
44,550 at 3.49%$199.80
44,550 at 3.5%$200.05
Interest Rate 30 Year
44,550 at 3.51%$200.30
44,550 at 3.52%$200.55
44,550 at 3.53%$200.80
44,550 at 3.54%$201.05
44,550 at 3.55%$201.29
44,550 at 3.56%$201.54
44,550 at 3.57%$201.79
44,550 at 3.58%$202.04
44,550 at 3.59%$202.29
44,550 at 3.6%$202.54
44,550 at 3.61%$202.79
44,550 at 3.62%$203.05
44,550 at 3.63%$203.30
44,550 at 3.64%$203.55
44,550 at 3.65%$203.80
44,550 at 3.66%$204.05
44,550 at 3.67%$204.30
44,550 at 3.68%$204.55
44,550 at 3.69%$204.80
44,550 at 3.7%$205.06
44,550 at 3.71%$205.31
44,550 at 3.72%$205.56
44,550 at 3.73%$205.81
44,550 at 3.74%$206.07
44,550 at 3.75%$206.32
44,550 at 3.76%$206.57
44,550 at 3.77%$206.82
44,550 at 3.78%$207.08
44,550 at 3.79%$207.33
44,550 at 3.8%$207.58
44,550 at 3.81%$207.84
44,550 at 3.82%$208.09
44,550 at 3.83%$208.35
44,550 at 3.84%$208.60
44,550 at 3.85%$208.85
44,550 at 3.86%$209.11
44,550 at 3.87%$209.36
44,550 at 3.88%$209.62
44,550 at 3.89%$209.87
44,550 at 3.9%$210.13
44,550 at 3.91%$210.38
44,550 at 3.92%$210.64
44,550 at 3.93%$210.89
44,550 at 3.94%$211.15
44,550 at 3.95%$211.41
44,550 at 3.96%$211.66
44,550 at 3.97%$211.92
44,550 at 3.98%$212.18
44,550 at 3.99%$212.43
44,550 at 4%$212.69
44,550 at 4.01%$212.95
44,550 at 4.02%$213.20
44,550 at 4.03%$213.46
44,550 at 4.04%$213.72
44,550 at 4.05%$213.97
44,550 at 4.06%$214.23
44,550 at 4.07%$214.49
44,550 at 4.08%$214.75
44,550 at 4.09%$215.01
44,550 at 4.1%$215.26
44,550 at 4.11%$215.52
44,550 at 4.12%$215.78
44,550 at 4.13%$216.04
44,550 at 4.14%$216.30
44,550 at 4.15%$216.56
44,550 at 4.16%$216.82
44,550 at 4.17%$217.08
44,550 at 4.18%$217.34
44,550 at 4.19%$217.60
44,550 at 4.2%$217.86
44,550 at 4.21%$218.12
44,550 at 4.22%$218.38
44,550 at 4.23%$218.64
44,550 at 4.24%$218.90
44,550 at 4.25%$219.16
44,550 at 4.26%$219.42
44,550 at 4.27%$219.68
44,550 at 4.28%$219.94
44,550 at 4.29%$220.20
44,550 at 4.3%$220.47
44,550 at 4.31%$220.73
44,550 at 4.32%$220.99
44,550 at 4.33%$221.25
44,550 at 4.34%$221.51
44,550 at 4.35%$221.78
44,550 at 4.36%$222.04
44,550 at 4.37%$222.30
44,550 at 4.38%$222.56
44,550 at 4.39%$222.83
44,550 at 4.4%$223.09
44,550 at 4.41%$223.35
44,550 at 4.42%$223.62
44,550 at 4.43%$223.88
44,550 at 4.44%$224.14
44,550 at 4.45%$224.41
44,550 at 4.46%$224.67
44,550 at 4.47%$224.93
44,550 at 4.48%$225.20
44,550 at 4.49%$225.46
44,550 at 4.5%$225.73
44,550 at 4.51%$225.99
44,550 at 4.52%$226.26
44,550 at 4.53%$226.52
44,550 at 4.54%$226.79
44,550 at 4.55%$227.05
44,550 at 4.56%$227.32
44,550 at 4.57%$227.59
44,550 at 4.58%$227.85
44,550 at 4.59%$228.12
44,550 at 4.6%$228.38
44,550 at 4.61%$228.65
44,550 at 4.62%$228.92
44,550 at 4.63%$229.18
44,550 at 4.64%$229.45
44,550 at 4.65%$229.72
44,550 at 4.66%$229.98
44,550 at 4.67%$230.25
44,550 at 4.68%$230.52
44,550 at 4.69%$230.79
44,550 at 4.7%$231.05
44,550 at 4.71%$231.32
44,550 at 4.72%$231.59
44,550 at 4.73%$231.86
44,550 at 4.74%$232.13
44,550 at 4.75%$232.39
44,550 at 4.76%$232.66
44,550 at 4.77%$232.93
44,550 at 4.78%$233.20
44,550 at 4.79%$233.47
44,550 at 4.8%$233.74
44,550 at 4.81%$234.01
44,550 at 4.82%$234.28
44,550 at 4.83%$234.55
44,550 at 4.84%$234.82
44,550 at 4.85%$235.09
44,550 at 4.86%$235.36
44,550 at 4.87%$235.63
44,550 at 4.88%$235.90
44,550 at 4.89%$236.17
44,550 at 4.9%$236.44
44,550 at 4.91%$236.71
44,550 at 4.92%$236.98
44,550 at 4.93%$237.25
44,550 at 4.94%$237.52
44,550 at 4.95%$237.79
44,550 at 4.96%$238.07
44,550 at 4.97%$238.34
44,550 at 4.98%$238.61
44,550 at 4.99%$238.88
44,550 at 5%$239.15
Interest Rate 30 Year
44,550 at 5.01%$239.43
44,550 at 5.02%$239.70
44,550 at 5.03%$239.97
44,550 at 5.04%$240.24
44,550 at 5.05%$240.52
44,550 at 5.06%$240.79
44,550 at 5.07%$241.06
44,550 at 5.08%$241.34
44,550 at 5.09%$241.61
44,550 at 5.1%$241.88
44,550 at 5.11%$242.16
44,550 at 5.12%$242.43
44,550 at 5.13%$242.71
44,550 at 5.14%$242.98
44,550 at 5.15%$243.25
44,550 at 5.16%$243.53
44,550 at 5.17%$243.80
44,550 at 5.18%$244.08
44,550 at 5.19%$244.35
44,550 at 5.2%$244.63
44,550 at 5.21%$244.90
44,550 at 5.22%$245.18
44,550 at 5.23%$245.46
44,550 at 5.24%$245.73
44,550 at 5.25%$246.01
44,550 at 5.26%$246.28
44,550 at 5.27%$246.56
44,550 at 5.28%$246.84
44,550 at 5.29%$247.11
44,550 at 5.3%$247.39
44,550 at 5.31%$247.66
44,550 at 5.32%$247.94
44,550 at 5.33%$248.22
44,550 at 5.34%$248.50
44,550 at 5.35%$248.77
44,550 at 5.36%$249.05
44,550 at 5.37%$249.33
44,550 at 5.38%$249.61
44,550 at 5.39%$249.88
44,550 at 5.4%$250.16
44,550 at 5.41%$250.44
44,550 at 5.42%$250.72
44,550 at 5.43%$251.00
44,550 at 5.44%$251.28
44,550 at 5.45%$251.55
44,550 at 5.46%$251.83
44,550 at 5.47%$252.11
44,550 at 5.48%$252.39
44,550 at 5.49%$252.67
44,550 at 5.5%$252.95
44,550 at 5.51%$253.23
44,550 at 5.52%$253.51
44,550 at 5.53%$253.79
44,550 at 5.54%$254.07
44,550 at 5.55%$254.35
44,550 at 5.56%$254.63
44,550 at 5.57%$254.91
44,550 at 5.58%$255.19
44,550 at 5.59%$255.47
44,550 at 5.6%$255.75
44,550 at 5.61%$256.03
44,550 at 5.62%$256.31
44,550 at 5.63%$256.60
44,550 at 5.64%$256.88
44,550 at 5.65%$257.16
44,550 at 5.66%$257.44
44,550 at 5.67%$257.72
44,550 at 5.68%$258.00
44,550 at 5.69%$258.29
44,550 at 5.7%$258.57
44,550 at 5.71%$258.85
44,550 at 5.72%$259.13
44,550 at 5.73%$259.42
44,550 at 5.74%$259.70
44,550 at 5.75%$259.98
44,550 at 5.76%$260.26
44,550 at 5.77%$260.55
44,550 at 5.78%$260.83
44,550 at 5.79%$261.11
44,550 at 5.8%$261.40
44,550 at 5.81%$261.68
44,550 at 5.82%$261.97
44,550 at 5.83%$262.25
44,550 at 5.84%$262.53
44,550 at 5.85%$262.82
44,550 at 5.86%$263.10
44,550 at 5.87%$263.39
44,550 at 5.88%$263.67
44,550 at 5.89%$263.96
44,550 at 5.9%$264.24
44,550 at 5.91%$264.53
44,550 at 5.92%$264.81
44,550 at 5.93%$265.10
44,550 at 5.94%$265.38
44,550 at 5.95%$265.67
44,550 at 5.96%$265.96
44,550 at 5.97%$266.24
44,550 at 5.98%$266.53
44,550 at 5.99%$266.81
44,550 at 6%$267.10
44,550 at 6.01%$267.39
44,550 at 6.02%$267.67
44,550 at 6.03%$267.96
44,550 at 6.04%$268.25
44,550 at 6.05%$268.53
44,550 at 6.06%$268.82
44,550 at 6.07%$269.11
44,550 at 6.08%$269.40
44,550 at 6.09%$269.68
44,550 at 6.1%$269.97
44,550 at 6.11%$270.26
44,550 at 6.12%$270.55
44,550 at 6.13%$270.83
44,550 at 6.14%$271.12
44,550 at 6.15%$271.41
44,550 at 6.16%$271.70
44,550 at 6.17%$271.99
44,550 at 6.18%$272.28
44,550 at 6.19%$272.57
44,550 at 6.2%$272.85
44,550 at 6.21%$273.14
44,550 at 6.22%$273.43
44,550 at 6.23%$273.72
44,550 at 6.24%$274.01
44,550 at 6.25%$274.30
44,550 at 6.26%$274.59
44,550 at 6.27%$274.88
44,550 at 6.28%$275.17
44,550 at 6.29%$275.46
44,550 at 6.3%$275.75
44,550 at 6.31%$276.04
44,550 at 6.32%$276.33
44,550 at 6.33%$276.62
44,550 at 6.34%$276.92
44,550 at 6.35%$277.21
44,550 at 6.36%$277.50
44,550 at 6.37%$277.79
44,550 at 6.38%$278.08
44,550 at 6.39%$278.37
44,550 at 6.4%$278.66
44,550 at 6.41%$278.95
44,550 at 6.42%$279.25
44,550 at 6.43%$279.54
44,550 at 6.44%$279.83
44,550 at 6.45%$280.12
44,550 at 6.46%$280.42
44,550 at 6.47%$280.71
44,550 at 6.48%$281.00
44,550 at 6.49%$281.29
44,550 at 6.5%$281.59
Interest Rate 30 Year
44,550 at 6.51%$281.88
44,550 at 6.52%$282.17
44,550 at 6.53%$282.47
44,550 at 6.54%$282.76
44,550 at 6.55%$283.05
44,550 at 6.56%$283.35
44,550 at 6.57%$283.64
44,550 at 6.58%$283.93
44,550 at 6.59%$284.23
44,550 at 6.6%$284.52
44,550 at 6.61%$284.82
44,550 at 6.62%$285.11
44,550 at 6.63%$285.41
44,550 at 6.64%$285.70
44,550 at 6.65%$286.00
44,550 at 6.66%$286.29
44,550 at 6.67%$286.59
44,550 at 6.68%$286.88
44,550 at 6.69%$287.18
44,550 at 6.7%$287.47
44,550 at 6.71%$287.77
44,550 at 6.72%$288.06
44,550 at 6.73%$288.36
44,550 at 6.74%$288.65
44,550 at 6.75%$288.95
44,550 at 6.76%$289.25
44,550 at 6.77%$289.54
44,550 at 6.78%$289.84
44,550 at 6.79%$290.14
44,550 at 6.8%$290.43
44,550 at 6.81%$290.73
44,550 at 6.82%$291.03
44,550 at 6.83%$291.32
44,550 at 6.84%$291.62
44,550 at 6.85%$291.92
44,550 at 6.86%$292.22
44,550 at 6.87%$292.51
44,550 at 6.88%$292.81
44,550 at 6.89%$293.11
44,550 at 6.9%$293.41
44,550 at 6.91%$293.70
44,550 at 6.92%$294.00
44,550 at 6.93%$294.30
44,550 at 6.94%$294.60
44,550 at 6.95%$294.90
44,550 at 6.96%$295.20
44,550 at 6.97%$295.50
44,550 at 6.98%$295.79
44,550 at 6.99%$296.09
44,550 at 7%$296.39
44,550 at 7.01%$296.69
44,550 at 7.02%$296.99
44,550 at 7.03%$297.29
44,550 at 7.04%$297.59
44,550 at 7.05%$297.89
44,550 at 7.06%$298.19
44,550 at 7.07%$298.49
44,550 at 7.08%$298.79
44,550 at 7.09%$299.09
44,550 at 7.1%$299.39
44,550 at 7.11%$299.69
44,550 at 7.12%$299.99
44,550 at 7.13%$300.29
44,550 at 7.14%$300.59
44,550 at 7.15%$300.89
44,550 at 7.16%$301.19
44,550 at 7.17%$301.50
44,550 at 7.18%$301.80
44,550 at 7.19%$302.10
44,550 at 7.2%$302.40
44,550 at 7.21%$302.70
44,550 at 7.22%$303.00
44,550 at 7.23%$303.31
44,550 at 7.24%$303.61
44,550 at 7.25%$303.91
44,550 at 7.26%$304.21
44,550 at 7.27%$304.51
44,550 at 7.28%$304.82
44,550 at 7.29%$305.12
44,550 at 7.3%$305.42
44,550 at 7.31%$305.72
44,550 at 7.32%$306.03
44,550 at 7.33%$306.33
44,550 at 7.34%$306.63
44,550 at 7.35%$306.94
44,550 at 7.36%$307.24
44,550 at 7.37%$307.54
44,550 at 7.38%$307.85
44,550 at 7.39%$308.15
44,550 at 7.4%$308.46
44,550 at 7.41%$308.76
44,550 at 7.42%$309.06
44,550 at 7.43%$309.37
44,550 at 7.44%$309.67
44,550 at 7.45%$309.98
44,550 at 7.46%$310.28
44,550 at 7.47%$310.59
44,550 at 7.48%$310.89
44,550 at 7.49%$311.20
44,550 at 7.5%$311.50
44,550 at 7.51%$311.81
44,550 at 7.52%$312.11
44,550 at 7.53%$312.42
44,550 at 7.54%$312.72
44,550 at 7.55%$313.03
44,550 at 7.56%$313.33
44,550 at 7.57%$313.64
44,550 at 7.58%$313.94
44,550 at 7.59%$314.25
44,550 at 7.6%$314.56
44,550 at 7.61%$314.86
44,550 at 7.62%$315.17
44,550 at 7.63%$315.48
44,550 at 7.64%$315.78
44,550 at 7.65%$316.09
44,550 at 7.66%$316.40
44,550 at 7.67%$316.70
44,550 at 7.68%$317.01
44,550 at 7.69%$317.32
44,550 at 7.7%$317.62
44,550 at 7.71%$317.93
44,550 at 7.72%$318.24
44,550 at 7.73%$318.55
44,550 at 7.74%$318.85
44,550 at 7.75%$319.16
44,550 at 7.76%$319.47
44,550 at 7.77%$319.78
44,550 at 7.78%$320.09
44,550 at 7.79%$320.39
44,550 at 7.8%$320.70
44,550 at 7.81%$321.01
44,550 at 7.82%$321.32
44,550 at 7.83%$321.63
44,550 at 7.84%$321.94
44,550 at 7.85%$322.25
44,550 at 7.86%$322.55
44,550 at 7.87%$322.86
44,550 at 7.88%$323.17
44,550 at 7.89%$323.48
44,550 at 7.9%$323.79
44,550 at 7.91%$324.10
44,550 at 7.92%$324.41
44,550 at 7.93%$324.72
44,550 at 7.94%$325.03
44,550 at 7.95%$325.34
44,550 at 7.96%$325.65
44,550 at 7.97%$325.96
44,550 at 7.98%$326.27
44,550 at 7.99%$326.58
44,550 at 8%$326.89
More Amounts
What is the down payment for a $44,550 house? How much do you need to put down?
Percent Down Down Payment
1%446
2%891
3%1,337
4%1,782
5%2,228
6%2,673
7%3,119
8%3,564
9%4,010
10%4,455
11%4,901
12%5,346
13%5,792
14%6,237
15%6,683
16%7,128
17%7,574
18%8,019
19%8,465
20%8,910
Percent Down Down Payment
21%9,356
22%9,801
23%10,247
24%10,692
25%11,138
26%11,583
27%12,029
28%12,474
29%12,920
30%13,365
31%13,811
32%14,256
33%14,702
34%15,147
35%15,593
36%16,038
37%16,484
38%16,929
39%17,375
40%17,820
Percent Down Down Payment
41%18,266
42%18,711
43%19,157
44%19,602
45%20,048
46%20,493
47%20,939
48%21,384
49%21,830
50%22,275
51%22,721
52%23,166
53%23,612
54%24,057
55%24,503
56%24,948
57%25,394
58%25,839
59%26,285
60%26,730
Percent Down Down Payment
61%27,176
62%27,621
63%28,067
64%28,512
65%28,958
66%29,403
67%29,849
68%30,294
69%30,740
70%31,185
71%31,631
72%32,076
73%32,522
74%32,967
75%33,413
76%33,858
77%34,304
78%34,749
79%35,195
80%35,640
Percent Down Down Payment
81%36,086
82%36,531
83%36,977
84%37,422
85%37,868
86%38,313
87%38,759
88%39,204
89%39,650
90%40,095
91%40,541
92%40,986
93%41,432
94%41,877
95%42,323
96%42,768
97%43,214
98%43,659
99%44,105
100%44,550
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.