$46,500 Mortgage for 30 Years

What is the monthly payment of a 46,500 dollar loan?
$
$
%
%
years
Loan Tables for a $46,500 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 47k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $46,500 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
46,500 at 2.01%$172.11
46,500 at 2.02%$172.34
46,500 at 2.03%$172.57
46,500 at 2.04%$172.80
46,500 at 2.05%$173.04
46,500 at 2.06%$173.27
46,500 at 2.07%$173.51
46,500 at 2.08%$173.74
46,500 at 2.09%$173.97
46,500 at 2.1%$174.21
46,500 at 2.11%$174.44
46,500 at 2.12%$174.68
46,500 at 2.13%$174.91
46,500 at 2.14%$175.15
46,500 at 2.15%$175.38
46,500 at 2.16%$175.62
46,500 at 2.17%$175.85
46,500 at 2.18%$176.09
46,500 at 2.19%$176.32
46,500 at 2.2%$176.56
46,500 at 2.21%$176.80
46,500 at 2.22%$177.03
46,500 at 2.23%$177.27
46,500 at 2.24%$177.51
46,500 at 2.25%$177.74
46,500 at 2.26%$177.98
46,500 at 2.27%$178.22
46,500 at 2.28%$178.46
46,500 at 2.29%$178.69
46,500 at 2.3%$178.93
46,500 at 2.31%$179.17
46,500 at 2.32%$179.41
46,500 at 2.33%$179.65
46,500 at 2.34%$179.89
46,500 at 2.35%$180.13
46,500 at 2.36%$180.36
46,500 at 2.37%$180.60
46,500 at 2.38%$180.84
46,500 at 2.39%$181.08
46,500 at 2.4%$181.32
46,500 at 2.41%$181.56
46,500 at 2.42%$181.80
46,500 at 2.43%$182.04
46,500 at 2.44%$182.28
46,500 at 2.45%$182.52
46,500 at 2.46%$182.77
46,500 at 2.47%$183.01
46,500 at 2.48%$183.25
46,500 at 2.49%$183.49
46,500 at 2.5%$183.73
46,500 at 2.51%$183.97
46,500 at 2.52%$184.22
46,500 at 2.53%$184.46
46,500 at 2.54%$184.70
46,500 at 2.55%$184.94
46,500 at 2.56%$185.19
46,500 at 2.57%$185.43
46,500 at 2.58%$185.67
46,500 at 2.59%$185.91
46,500 at 2.6%$186.16
46,500 at 2.61%$186.40
46,500 at 2.62%$186.65
46,500 at 2.63%$186.89
46,500 at 2.64%$187.13
46,500 at 2.65%$187.38
46,500 at 2.66%$187.62
46,500 at 2.67%$187.87
46,500 at 2.68%$188.11
46,500 at 2.69%$188.36
46,500 at 2.7%$188.60
46,500 at 2.71%$188.85
46,500 at 2.72%$189.09
46,500 at 2.73%$189.34
46,500 at 2.74%$189.59
46,500 at 2.75%$189.83
46,500 at 2.76%$190.08
46,500 at 2.77%$190.33
46,500 at 2.78%$190.57
46,500 at 2.79%$190.82
46,500 at 2.8%$191.07
46,500 at 2.81%$191.31
46,500 at 2.82%$191.56
46,500 at 2.83%$191.81
46,500 at 2.84%$192.06
46,500 at 2.85%$192.30
46,500 at 2.86%$192.55
46,500 at 2.87%$192.80
46,500 at 2.88%$193.05
46,500 at 2.89%$193.30
46,500 at 2.9%$193.55
46,500 at 2.91%$193.80
46,500 at 2.92%$194.05
46,500 at 2.93%$194.29
46,500 at 2.94%$194.54
46,500 at 2.95%$194.79
46,500 at 2.96%$195.04
46,500 at 2.97%$195.29
46,500 at 2.98%$195.54
46,500 at 2.99%$195.80
46,500 at 3%$196.05
46,500 at 3.01%$196.30
46,500 at 3.02%$196.55
46,500 at 3.03%$196.80
46,500 at 3.04%$197.05
46,500 at 3.05%$197.30
46,500 at 3.06%$197.55
46,500 at 3.07%$197.81
46,500 at 3.08%$198.06
46,500 at 3.09%$198.31
46,500 at 3.1%$198.56
46,500 at 3.11%$198.82
46,500 at 3.12%$199.07
46,500 at 3.13%$199.32
46,500 at 3.14%$199.57
46,500 at 3.15%$199.83
46,500 at 3.16%$200.08
46,500 at 3.17%$200.33
46,500 at 3.18%$200.59
46,500 at 3.19%$200.84
46,500 at 3.2%$201.10
46,500 at 3.21%$201.35
46,500 at 3.22%$201.61
46,500 at 3.23%$201.86
46,500 at 3.24%$202.12
46,500 at 3.25%$202.37
46,500 at 3.26%$202.63
46,500 at 3.27%$202.88
46,500 at 3.28%$203.14
46,500 at 3.29%$203.39
46,500 at 3.3%$203.65
46,500 at 3.31%$203.91
46,500 at 3.32%$204.16
46,500 at 3.33%$204.42
46,500 at 3.34%$204.67
46,500 at 3.35%$204.93
46,500 at 3.36%$205.19
46,500 at 3.37%$205.45
46,500 at 3.38%$205.70
46,500 at 3.39%$205.96
46,500 at 3.4%$206.22
46,500 at 3.41%$206.48
46,500 at 3.42%$206.73
46,500 at 3.43%$206.99
46,500 at 3.44%$207.25
46,500 at 3.45%$207.51
46,500 at 3.46%$207.77
46,500 at 3.47%$208.03
46,500 at 3.48%$208.29
46,500 at 3.49%$208.55
46,500 at 3.5%$208.81
Interest Rate 30 Year
46,500 at 3.51%$209.07
46,500 at 3.52%$209.33
46,500 at 3.53%$209.59
46,500 at 3.54%$209.85
46,500 at 3.55%$210.11
46,500 at 3.56%$210.37
46,500 at 3.57%$210.63
46,500 at 3.58%$210.89
46,500 at 3.59%$211.15
46,500 at 3.6%$211.41
46,500 at 3.61%$211.67
46,500 at 3.62%$211.93
46,500 at 3.63%$212.19
46,500 at 3.64%$212.46
46,500 at 3.65%$212.72
46,500 at 3.66%$212.98
46,500 at 3.67%$213.24
46,500 at 3.68%$213.51
46,500 at 3.69%$213.77
46,500 at 3.7%$214.03
46,500 at 3.71%$214.29
46,500 at 3.72%$214.56
46,500 at 3.73%$214.82
46,500 at 3.74%$215.08
46,500 at 3.75%$215.35
46,500 at 3.76%$215.61
46,500 at 3.77%$215.88
46,500 at 3.78%$216.14
46,500 at 3.79%$216.41
46,500 at 3.8%$216.67
46,500 at 3.81%$216.93
46,500 at 3.82%$217.20
46,500 at 3.83%$217.47
46,500 at 3.84%$217.73
46,500 at 3.85%$218.00
46,500 at 3.86%$218.26
46,500 at 3.87%$218.53
46,500 at 3.88%$218.79
46,500 at 3.89%$219.06
46,500 at 3.9%$219.33
46,500 at 3.91%$219.59
46,500 at 3.92%$219.86
46,500 at 3.93%$220.13
46,500 at 3.94%$220.39
46,500 at 3.95%$220.66
46,500 at 3.96%$220.93
46,500 at 3.97%$221.19
46,500 at 3.98%$221.46
46,500 at 3.99%$221.73
46,500 at 4%$222.00
46,500 at 4.01%$222.27
46,500 at 4.02%$222.53
46,500 at 4.03%$222.80
46,500 at 4.04%$223.07
46,500 at 4.05%$223.34
46,500 at 4.06%$223.61
46,500 at 4.07%$223.88
46,500 at 4.08%$224.15
46,500 at 4.09%$224.42
46,500 at 4.1%$224.69
46,500 at 4.11%$224.96
46,500 at 4.12%$225.23
46,500 at 4.13%$225.50
46,500 at 4.14%$225.77
46,500 at 4.15%$226.04
46,500 at 4.16%$226.31
46,500 at 4.17%$226.58
46,500 at 4.18%$226.85
46,500 at 4.19%$227.12
46,500 at 4.2%$227.39
46,500 at 4.21%$227.66
46,500 at 4.22%$227.94
46,500 at 4.23%$228.21
46,500 at 4.24%$228.48
46,500 at 4.25%$228.75
46,500 at 4.26%$229.02
46,500 at 4.27%$229.30
46,500 at 4.28%$229.57
46,500 at 4.29%$229.84
46,500 at 4.3%$230.12
46,500 at 4.31%$230.39
46,500 at 4.32%$230.66
46,500 at 4.33%$230.94
46,500 at 4.34%$231.21
46,500 at 4.35%$231.48
46,500 at 4.36%$231.76
46,500 at 4.37%$232.03
46,500 at 4.38%$232.30
46,500 at 4.39%$232.58
46,500 at 4.4%$232.85
46,500 at 4.41%$233.13
46,500 at 4.42%$233.40
46,500 at 4.43%$233.68
46,500 at 4.44%$233.95
46,500 at 4.45%$234.23
46,500 at 4.46%$234.50
46,500 at 4.47%$234.78
46,500 at 4.48%$235.06
46,500 at 4.49%$235.33
46,500 at 4.5%$235.61
46,500 at 4.51%$235.89
46,500 at 4.52%$236.16
46,500 at 4.53%$236.44
46,500 at 4.54%$236.72
46,500 at 4.55%$236.99
46,500 at 4.56%$237.27
46,500 at 4.57%$237.55
46,500 at 4.58%$237.82
46,500 at 4.59%$238.10
46,500 at 4.6%$238.38
46,500 at 4.61%$238.66
46,500 at 4.62%$238.94
46,500 at 4.63%$239.21
46,500 at 4.64%$239.49
46,500 at 4.65%$239.77
46,500 at 4.66%$240.05
46,500 at 4.67%$240.33
46,500 at 4.68%$240.61
46,500 at 4.69%$240.89
46,500 at 4.7%$241.17
46,500 at 4.71%$241.45
46,500 at 4.72%$241.73
46,500 at 4.73%$242.01
46,500 at 4.74%$242.29
46,500 at 4.75%$242.57
46,500 at 4.76%$242.85
46,500 at 4.77%$243.13
46,500 at 4.78%$243.41
46,500 at 4.79%$243.69
46,500 at 4.8%$243.97
46,500 at 4.81%$244.25
46,500 at 4.82%$244.53
46,500 at 4.83%$244.81
46,500 at 4.84%$245.09
46,500 at 4.85%$245.38
46,500 at 4.86%$245.66
46,500 at 4.87%$245.94
46,500 at 4.88%$246.22
46,500 at 4.89%$246.51
46,500 at 4.9%$246.79
46,500 at 4.91%$247.07
46,500 at 4.92%$247.35
46,500 at 4.93%$247.64
46,500 at 4.94%$247.92
46,500 at 4.95%$248.20
46,500 at 4.96%$248.49
46,500 at 4.97%$248.77
46,500 at 4.98%$249.05
46,500 at 4.99%$249.34
46,500 at 5%$249.62
Interest Rate 30 Year
46,500 at 5.01%$249.91
46,500 at 5.02%$250.19
46,500 at 5.03%$250.48
46,500 at 5.04%$250.76
46,500 at 5.05%$251.04
46,500 at 5.06%$251.33
46,500 at 5.07%$251.62
46,500 at 5.08%$251.90
46,500 at 5.09%$252.19
46,500 at 5.1%$252.47
46,500 at 5.11%$252.76
46,500 at 5.12%$253.04
46,500 at 5.13%$253.33
46,500 at 5.14%$253.62
46,500 at 5.15%$253.90
46,500 at 5.16%$254.19
46,500 at 5.17%$254.48
46,500 at 5.18%$254.76
46,500 at 5.19%$255.05
46,500 at 5.2%$255.34
46,500 at 5.21%$255.62
46,500 at 5.22%$255.91
46,500 at 5.23%$256.20
46,500 at 5.24%$256.49
46,500 at 5.25%$256.77
46,500 at 5.26%$257.06
46,500 at 5.27%$257.35
46,500 at 5.28%$257.64
46,500 at 5.29%$257.93
46,500 at 5.3%$258.22
46,500 at 5.31%$258.51
46,500 at 5.32%$258.79
46,500 at 5.33%$259.08
46,500 at 5.34%$259.37
46,500 at 5.35%$259.66
46,500 at 5.36%$259.95
46,500 at 5.37%$260.24
46,500 at 5.38%$260.53
46,500 at 5.39%$260.82
46,500 at 5.4%$261.11
46,500 at 5.41%$261.40
46,500 at 5.42%$261.69
46,500 at 5.43%$261.98
46,500 at 5.44%$262.27
46,500 at 5.45%$262.56
46,500 at 5.46%$262.86
46,500 at 5.47%$263.15
46,500 at 5.48%$263.44
46,500 at 5.49%$263.73
46,500 at 5.5%$264.02
46,500 at 5.51%$264.31
46,500 at 5.52%$264.61
46,500 at 5.53%$264.90
46,500 at 5.54%$265.19
46,500 at 5.55%$265.48
46,500 at 5.56%$265.78
46,500 at 5.57%$266.07
46,500 at 5.58%$266.36
46,500 at 5.59%$266.65
46,500 at 5.6%$266.95
46,500 at 5.61%$267.24
46,500 at 5.62%$267.53
46,500 at 5.63%$267.83
46,500 at 5.64%$268.12
46,500 at 5.65%$268.41
46,500 at 5.66%$268.71
46,500 at 5.67%$269.00
46,500 at 5.68%$269.30
46,500 at 5.69%$269.59
46,500 at 5.7%$269.89
46,500 at 5.71%$270.18
46,500 at 5.72%$270.48
46,500 at 5.73%$270.77
46,500 at 5.74%$271.07
46,500 at 5.75%$271.36
46,500 at 5.76%$271.66
46,500 at 5.77%$271.95
46,500 at 5.78%$272.25
46,500 at 5.79%$272.54
46,500 at 5.8%$272.84
46,500 at 5.81%$273.14
46,500 at 5.82%$273.43
46,500 at 5.83%$273.73
46,500 at 5.84%$274.03
46,500 at 5.85%$274.32
46,500 at 5.86%$274.62
46,500 at 5.87%$274.92
46,500 at 5.88%$275.21
46,500 at 5.89%$275.51
46,500 at 5.9%$275.81
46,500 at 5.91%$276.11
46,500 at 5.92%$276.40
46,500 at 5.93%$276.70
46,500 at 5.94%$277.00
46,500 at 5.95%$277.30
46,500 at 5.96%$277.60
46,500 at 5.97%$277.89
46,500 at 5.98%$278.19
46,500 at 5.99%$278.49
46,500 at 6%$278.79
46,500 at 6.01%$279.09
46,500 at 6.02%$279.39
46,500 at 6.03%$279.69
46,500 at 6.04%$279.99
46,500 at 6.05%$280.29
46,500 at 6.06%$280.59
46,500 at 6.07%$280.89
46,500 at 6.08%$281.19
46,500 at 6.09%$281.49
46,500 at 6.1%$281.79
46,500 at 6.11%$282.09
46,500 at 6.12%$282.39
46,500 at 6.13%$282.69
46,500 at 6.14%$282.99
46,500 at 6.15%$283.29
46,500 at 6.16%$283.59
46,500 at 6.17%$283.89
46,500 at 6.18%$284.19
46,500 at 6.19%$284.50
46,500 at 6.2%$284.80
46,500 at 6.21%$285.10
46,500 at 6.22%$285.40
46,500 at 6.23%$285.70
46,500 at 6.24%$286.01
46,500 at 6.25%$286.31
46,500 at 6.26%$286.61
46,500 at 6.27%$286.91
46,500 at 6.28%$287.22
46,500 at 6.29%$287.52
46,500 at 6.3%$287.82
46,500 at 6.31%$288.13
46,500 at 6.32%$288.43
46,500 at 6.33%$288.73
46,500 at 6.34%$289.04
46,500 at 6.35%$289.34
46,500 at 6.36%$289.64
46,500 at 6.37%$289.95
46,500 at 6.38%$290.25
46,500 at 6.39%$290.56
46,500 at 6.4%$290.86
46,500 at 6.41%$291.16
46,500 at 6.42%$291.47
46,500 at 6.43%$291.77
46,500 at 6.44%$292.08
46,500 at 6.45%$292.38
46,500 at 6.46%$292.69
46,500 at 6.47%$292.99
46,500 at 6.48%$293.30
46,500 at 6.49%$293.61
46,500 at 6.5%$293.91
Interest Rate 30 Year
46,500 at 6.51%$294.22
46,500 at 6.52%$294.52
46,500 at 6.53%$294.83
46,500 at 6.54%$295.14
46,500 at 6.55%$295.44
46,500 at 6.56%$295.75
46,500 at 6.57%$296.06
46,500 at 6.58%$296.36
46,500 at 6.59%$296.67
46,500 at 6.6%$296.98
46,500 at 6.61%$297.28
46,500 at 6.62%$297.59
46,500 at 6.63%$297.90
46,500 at 6.64%$298.21
46,500 at 6.65%$298.51
46,500 at 6.66%$298.82
46,500 at 6.67%$299.13
46,500 at 6.68%$299.44
46,500 at 6.69%$299.75
46,500 at 6.7%$300.05
46,500 at 6.71%$300.36
46,500 at 6.72%$300.67
46,500 at 6.73%$300.98
46,500 at 6.74%$301.29
46,500 at 6.75%$301.60
46,500 at 6.76%$301.91
46,500 at 6.77%$302.22
46,500 at 6.78%$302.53
46,500 at 6.79%$302.84
46,500 at 6.8%$303.15
46,500 at 6.81%$303.46
46,500 at 6.82%$303.76
46,500 at 6.83%$304.08
46,500 at 6.84%$304.39
46,500 at 6.85%$304.70
46,500 at 6.86%$305.01
46,500 at 6.87%$305.32
46,500 at 6.88%$305.63
46,500 at 6.89%$305.94
46,500 at 6.9%$306.25
46,500 at 6.91%$306.56
46,500 at 6.92%$306.87
46,500 at 6.93%$307.18
46,500 at 6.94%$307.49
46,500 at 6.95%$307.81
46,500 at 6.96%$308.12
46,500 at 6.97%$308.43
46,500 at 6.98%$308.74
46,500 at 6.99%$309.05
46,500 at 7%$309.37
46,500 at 7.01%$309.68
46,500 at 7.02%$309.99
46,500 at 7.03%$310.30
46,500 at 7.04%$310.62
46,500 at 7.05%$310.93
46,500 at 7.06%$311.24
46,500 at 7.07%$311.55
46,500 at 7.08%$311.87
46,500 at 7.09%$312.18
46,500 at 7.1%$312.49
46,500 at 7.11%$312.81
46,500 at 7.12%$313.12
46,500 at 7.13%$313.44
46,500 at 7.14%$313.75
46,500 at 7.15%$314.06
46,500 at 7.16%$314.38
46,500 at 7.17%$314.69
46,500 at 7.18%$315.01
46,500 at 7.19%$315.32
46,500 at 7.2%$315.64
46,500 at 7.21%$315.95
46,500 at 7.22%$316.27
46,500 at 7.23%$316.58
46,500 at 7.24%$316.90
46,500 at 7.25%$317.21
46,500 at 7.26%$317.53
46,500 at 7.27%$317.84
46,500 at 7.28%$318.16
46,500 at 7.29%$318.47
46,500 at 7.3%$318.79
46,500 at 7.31%$319.11
46,500 at 7.32%$319.42
46,500 at 7.33%$319.74
46,500 at 7.34%$320.06
46,500 at 7.35%$320.37
46,500 at 7.36%$320.69
46,500 at 7.37%$321.01
46,500 at 7.38%$321.32
46,500 at 7.39%$321.64
46,500 at 7.4%$321.96
46,500 at 7.41%$322.27
46,500 at 7.42%$322.59
46,500 at 7.43%$322.91
46,500 at 7.44%$323.23
46,500 at 7.45%$323.54
46,500 at 7.46%$323.86
46,500 at 7.47%$324.18
46,500 at 7.48%$324.50
46,500 at 7.49%$324.82
46,500 at 7.5%$325.13
46,500 at 7.51%$325.45
46,500 at 7.52%$325.77
46,500 at 7.53%$326.09
46,500 at 7.54%$326.41
46,500 at 7.55%$326.73
46,500 at 7.56%$327.05
46,500 at 7.57%$327.37
46,500 at 7.58%$327.69
46,500 at 7.59%$328.01
46,500 at 7.6%$328.32
46,500 at 7.61%$328.64
46,500 at 7.62%$328.96
46,500 at 7.63%$329.28
46,500 at 7.64%$329.60
46,500 at 7.65%$329.92
46,500 at 7.66%$330.24
46,500 at 7.67%$330.56
46,500 at 7.68%$330.89
46,500 at 7.69%$331.21
46,500 at 7.7%$331.53
46,500 at 7.71%$331.85
46,500 at 7.72%$332.17
46,500 at 7.73%$332.49
46,500 at 7.74%$332.81
46,500 at 7.75%$333.13
46,500 at 7.76%$333.45
46,500 at 7.77%$333.77
46,500 at 7.78%$334.10
46,500 at 7.79%$334.42
46,500 at 7.8%$334.74
46,500 at 7.81%$335.06
46,500 at 7.82%$335.38
46,500 at 7.83%$335.71
46,500 at 7.84%$336.03
46,500 at 7.85%$336.35
46,500 at 7.86%$336.67
46,500 at 7.87%$337.00
46,500 at 7.88%$337.32
46,500 at 7.89%$337.64
46,500 at 7.9%$337.96
46,500 at 7.91%$338.29
46,500 at 7.92%$338.61
46,500 at 7.93%$338.93
46,500 at 7.94%$339.26
46,500 at 7.95%$339.58
46,500 at 7.96%$339.90
46,500 at 7.97%$340.23
46,500 at 7.98%$340.55
46,500 at 7.99%$340.88
46,500 at 8%$341.20
More Amounts
What is the down payment for a $46,500 house? How much do you need to put down?
Percent Down Down Payment
1%465
2%930
3%1,395
4%1,860
5%2,325
6%2,790
7%3,255
8%3,720
9%4,185
10%4,650
11%5,115
12%5,580
13%6,045
14%6,510
15%6,975
16%7,440
17%7,905
18%8,370
19%8,835
20%9,300
Percent Down Down Payment
21%9,765
22%10,230
23%10,695
24%11,160
25%11,625
26%12,090
27%12,555
28%13,020
29%13,485
30%13,950
31%14,415
32%14,880
33%15,345
34%15,810
35%16,275
36%16,740
37%17,205
38%17,670
39%18,135
40%18,600
Percent Down Down Payment
41%19,065
42%19,530
43%19,995
44%20,460
45%20,925
46%21,390
47%21,855
48%22,320
49%22,785
50%23,250
51%23,715
52%24,180
53%24,645
54%25,110
55%25,575
56%26,040
57%26,505
58%26,970
59%27,435
60%27,900
Percent Down Down Payment
61%28,365
62%28,830
63%29,295
64%29,760
65%30,225
66%30,690
67%31,155
68%31,620
69%32,085
70%32,550
71%33,015
72%33,480
73%33,945
74%34,410
75%34,875
76%35,340
77%35,805
78%36,270
79%36,735
80%37,200
Percent Down Down Payment
81%37,665
82%38,130
83%38,595
84%39,060
85%39,525
86%39,990
87%40,455
88%40,920
89%41,385
90%41,850
91%42,315
92%42,780
93%43,245
94%43,710
95%44,175
96%44,640
97%45,105
98%45,570
99%46,035
100%46,500
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.