$54,000 Mortgage for 30 Years

What is the monthly payment of a 54,000 dollar loan?
$
$
%
%
years
Loan Tables for a $54,000 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 54k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $54,000 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
54,000 at 2.01%$199.86
54,000 at 2.02%$200.14
54,000 at 2.03%$200.41
54,000 at 2.04%$200.68
54,000 at 2.05%$200.95
54,000 at 2.06%$201.22
54,000 at 2.07%$201.49
54,000 at 2.08%$201.76
54,000 at 2.09%$202.03
54,000 at 2.1%$202.31
54,000 at 2.11%$202.58
54,000 at 2.12%$202.85
54,000 at 2.13%$203.12
54,000 at 2.14%$203.40
54,000 at 2.15%$203.67
54,000 at 2.16%$203.94
54,000 at 2.17%$204.22
54,000 at 2.18%$204.49
54,000 at 2.19%$204.76
54,000 at 2.2%$205.04
54,000 at 2.21%$205.31
54,000 at 2.22%$205.59
54,000 at 2.23%$205.86
54,000 at 2.24%$206.14
54,000 at 2.25%$206.41
54,000 at 2.26%$206.69
54,000 at 2.27%$206.96
54,000 at 2.28%$207.24
54,000 at 2.29%$207.52
54,000 at 2.3%$207.79
54,000 at 2.31%$208.07
54,000 at 2.32%$208.35
54,000 at 2.33%$208.62
54,000 at 2.34%$208.90
54,000 at 2.35%$209.18
54,000 at 2.36%$209.46
54,000 at 2.37%$209.73
54,000 at 2.38%$210.01
54,000 at 2.39%$210.29
54,000 at 2.4%$210.57
54,000 at 2.41%$210.85
54,000 at 2.42%$211.13
54,000 at 2.43%$211.41
54,000 at 2.44%$211.68
54,000 at 2.45%$211.96
54,000 at 2.46%$212.24
54,000 at 2.47%$212.52
54,000 at 2.48%$212.80
54,000 at 2.49%$213.08
54,000 at 2.5%$213.37
54,000 at 2.51%$213.65
54,000 at 2.52%$213.93
54,000 at 2.53%$214.21
54,000 at 2.54%$214.49
54,000 at 2.55%$214.77
54,000 at 2.56%$215.05
54,000 at 2.57%$215.34
54,000 at 2.58%$215.62
54,000 at 2.59%$215.90
54,000 at 2.6%$216.18
54,000 at 2.61%$216.47
54,000 at 2.62%$216.75
54,000 at 2.63%$217.03
54,000 at 2.64%$217.32
54,000 at 2.65%$217.60
54,000 at 2.66%$217.88
54,000 at 2.67%$218.17
54,000 at 2.68%$218.45
54,000 at 2.69%$218.74
54,000 at 2.7%$219.02
54,000 at 2.71%$219.31
54,000 at 2.72%$219.59
54,000 at 2.73%$219.88
54,000 at 2.74%$220.16
54,000 at 2.75%$220.45
54,000 at 2.76%$220.74
54,000 at 2.77%$221.02
54,000 at 2.78%$221.31
54,000 at 2.79%$221.60
54,000 at 2.8%$221.88
54,000 at 2.81%$222.17
54,000 at 2.82%$222.46
54,000 at 2.83%$222.75
54,000 at 2.84%$223.03
54,000 at 2.85%$223.32
54,000 at 2.86%$223.61
54,000 at 2.87%$223.90
54,000 at 2.88%$224.19
54,000 at 2.89%$224.48
54,000 at 2.9%$224.76
54,000 at 2.91%$225.05
54,000 at 2.92%$225.34
54,000 at 2.93%$225.63
54,000 at 2.94%$225.92
54,000 at 2.95%$226.21
54,000 at 2.96%$226.50
54,000 at 2.97%$226.79
54,000 at 2.98%$227.08
54,000 at 2.99%$227.38
54,000 at 3%$227.67
54,000 at 3.01%$227.96
54,000 at 3.02%$228.25
54,000 at 3.03%$228.54
54,000 at 3.04%$228.83
54,000 at 3.05%$229.12
54,000 at 3.06%$229.42
54,000 at 3.07%$229.71
54,000 at 3.08%$230.00
54,000 at 3.09%$230.30
54,000 at 3.1%$230.59
54,000 at 3.11%$230.88
54,000 at 3.12%$231.18
54,000 at 3.13%$231.47
54,000 at 3.14%$231.76
54,000 at 3.15%$232.06
54,000 at 3.16%$232.35
54,000 at 3.17%$232.65
54,000 at 3.18%$232.94
54,000 at 3.19%$233.24
54,000 at 3.2%$233.53
54,000 at 3.21%$233.83
54,000 at 3.22%$234.12
54,000 at 3.23%$234.42
54,000 at 3.24%$234.72
54,000 at 3.25%$235.01
54,000 at 3.26%$235.31
54,000 at 3.27%$235.60
54,000 at 3.28%$235.90
54,000 at 3.29%$236.20
54,000 at 3.3%$236.50
54,000 at 3.31%$236.79
54,000 at 3.32%$237.09
54,000 at 3.33%$237.39
54,000 at 3.34%$237.69
54,000 at 3.35%$237.99
54,000 at 3.36%$238.28
54,000 at 3.37%$238.58
54,000 at 3.38%$238.88
54,000 at 3.39%$239.18
54,000 at 3.4%$239.48
54,000 at 3.41%$239.78
54,000 at 3.42%$240.08
54,000 at 3.43%$240.38
54,000 at 3.44%$240.68
54,000 at 3.45%$240.98
54,000 at 3.46%$241.28
54,000 at 3.47%$241.58
54,000 at 3.48%$241.88
54,000 at 3.49%$242.18
54,000 at 3.5%$242.48
Interest Rate 30 Year
54,000 at 3.51%$242.79
54,000 at 3.52%$243.09
54,000 at 3.53%$243.39
54,000 at 3.54%$243.69
54,000 at 3.55%$243.99
54,000 at 3.56%$244.30
54,000 at 3.57%$244.60
54,000 at 3.58%$244.90
54,000 at 3.59%$245.21
54,000 at 3.6%$245.51
54,000 at 3.61%$245.81
54,000 at 3.62%$246.12
54,000 at 3.63%$246.42
54,000 at 3.64%$246.72
54,000 at 3.65%$247.03
54,000 at 3.66%$247.33
54,000 at 3.67%$247.64
54,000 at 3.68%$247.94
54,000 at 3.69%$248.25
54,000 at 3.7%$248.55
54,000 at 3.71%$248.86
54,000 at 3.72%$249.16
54,000 at 3.73%$249.47
54,000 at 3.74%$249.78
54,000 at 3.75%$250.08
54,000 at 3.76%$250.39
54,000 at 3.77%$250.70
54,000 at 3.78%$251.00
54,000 at 3.79%$251.31
54,000 at 3.8%$251.62
54,000 at 3.81%$251.92
54,000 at 3.82%$252.23
54,000 at 3.83%$252.54
54,000 at 3.84%$252.85
54,000 at 3.85%$253.16
54,000 at 3.86%$253.46
54,000 at 3.87%$253.77
54,000 at 3.88%$254.08
54,000 at 3.89%$254.39
54,000 at 3.9%$254.70
54,000 at 3.91%$255.01
54,000 at 3.92%$255.32
54,000 at 3.93%$255.63
54,000 at 3.94%$255.94
54,000 at 3.95%$256.25
54,000 at 3.96%$256.56
54,000 at 3.97%$256.87
54,000 at 3.98%$257.18
54,000 at 3.99%$257.49
54,000 at 4%$257.80
54,000 at 4.01%$258.12
54,000 at 4.02%$258.43
54,000 at 4.03%$258.74
54,000 at 4.04%$259.05
54,000 at 4.05%$259.36
54,000 at 4.06%$259.68
54,000 at 4.07%$259.99
54,000 at 4.08%$260.30
54,000 at 4.09%$260.61
54,000 at 4.1%$260.93
54,000 at 4.11%$261.24
54,000 at 4.12%$261.55
54,000 at 4.13%$261.87
54,000 at 4.14%$262.18
54,000 at 4.15%$262.50
54,000 at 4.16%$262.81
54,000 at 4.17%$263.12
54,000 at 4.18%$263.44
54,000 at 4.19%$263.75
54,000 at 4.2%$264.07
54,000 at 4.21%$264.38
54,000 at 4.22%$264.70
54,000 at 4.23%$265.02
54,000 at 4.24%$265.33
54,000 at 4.25%$265.65
54,000 at 4.26%$265.96
54,000 at 4.27%$266.28
54,000 at 4.28%$266.60
54,000 at 4.29%$266.91
54,000 at 4.3%$267.23
54,000 at 4.31%$267.55
54,000 at 4.32%$267.87
54,000 at 4.33%$268.18
54,000 at 4.34%$268.50
54,000 at 4.35%$268.82
54,000 at 4.36%$269.14
54,000 at 4.37%$269.45
54,000 at 4.38%$269.77
54,000 at 4.39%$270.09
54,000 at 4.4%$270.41
54,000 at 4.41%$270.73
54,000 at 4.42%$271.05
54,000 at 4.43%$271.37
54,000 at 4.44%$271.69
54,000 at 4.45%$272.01
54,000 at 4.46%$272.33
54,000 at 4.47%$272.65
54,000 at 4.48%$272.97
54,000 at 4.49%$273.29
54,000 at 4.5%$273.61
54,000 at 4.51%$273.93
54,000 at 4.52%$274.25
54,000 at 4.53%$274.57
54,000 at 4.54%$274.89
54,000 at 4.55%$275.22
54,000 at 4.56%$275.54
54,000 at 4.57%$275.86
54,000 at 4.58%$276.18
54,000 at 4.59%$276.51
54,000 at 4.6%$276.83
54,000 at 4.61%$277.15
54,000 at 4.62%$277.47
54,000 at 4.63%$277.80
54,000 at 4.64%$278.12
54,000 at 4.65%$278.44
54,000 at 4.66%$278.77
54,000 at 4.67%$279.09
54,000 at 4.68%$279.42
54,000 at 4.69%$279.74
54,000 at 4.7%$280.06
54,000 at 4.71%$280.39
54,000 at 4.72%$280.71
54,000 at 4.73%$281.04
54,000 at 4.74%$281.36
54,000 at 4.75%$281.69
54,000 at 4.76%$282.02
54,000 at 4.77%$282.34
54,000 at 4.78%$282.67
54,000 at 4.79%$282.99
54,000 at 4.8%$283.32
54,000 at 4.81%$283.65
54,000 at 4.82%$283.97
54,000 at 4.83%$284.30
54,000 at 4.84%$284.63
54,000 at 4.85%$284.95
54,000 at 4.86%$285.28
54,000 at 4.87%$285.61
54,000 at 4.88%$285.94
54,000 at 4.89%$286.26
54,000 at 4.9%$286.59
54,000 at 4.91%$286.92
54,000 at 4.92%$287.25
54,000 at 4.93%$287.58
54,000 at 4.94%$287.91
54,000 at 4.95%$288.24
54,000 at 4.96%$288.57
54,000 at 4.97%$288.89
54,000 at 4.98%$289.22
54,000 at 4.99%$289.55
54,000 at 5%$289.88
Interest Rate 30 Year
54,000 at 5.01%$290.21
54,000 at 5.02%$290.54
54,000 at 5.03%$290.87
54,000 at 5.04%$291.21
54,000 at 5.05%$291.54
54,000 at 5.06%$291.87
54,000 at 5.07%$292.20
54,000 at 5.08%$292.53
54,000 at 5.09%$292.86
54,000 at 5.1%$293.19
54,000 at 5.11%$293.52
54,000 at 5.12%$293.86
54,000 at 5.13%$294.19
54,000 at 5.14%$294.52
54,000 at 5.15%$294.85
54,000 at 5.16%$295.19
54,000 at 5.17%$295.52
54,000 at 5.18%$295.85
54,000 at 5.19%$296.19
54,000 at 5.2%$296.52
54,000 at 5.21%$296.85
54,000 at 5.22%$297.19
54,000 at 5.23%$297.52
54,000 at 5.24%$297.86
54,000 at 5.25%$298.19
54,000 at 5.26%$298.52
54,000 at 5.27%$298.86
54,000 at 5.28%$299.19
54,000 at 5.29%$299.53
54,000 at 5.3%$299.86
54,000 at 5.31%$300.20
54,000 at 5.32%$300.54
54,000 at 5.33%$300.87
54,000 at 5.34%$301.21
54,000 at 5.35%$301.54
54,000 at 5.36%$301.88
54,000 at 5.37%$302.22
54,000 at 5.38%$302.55
54,000 at 5.39%$302.89
54,000 at 5.4%$303.23
54,000 at 5.41%$303.56
54,000 at 5.42%$303.90
54,000 at 5.43%$304.24
54,000 at 5.44%$304.58
54,000 at 5.45%$304.91
54,000 at 5.46%$305.25
54,000 at 5.47%$305.59
54,000 at 5.48%$305.93
54,000 at 5.49%$306.27
54,000 at 5.5%$306.61
54,000 at 5.51%$306.94
54,000 at 5.52%$307.28
54,000 at 5.53%$307.62
54,000 at 5.54%$307.96
54,000 at 5.55%$308.30
54,000 at 5.56%$308.64
54,000 at 5.57%$308.98
54,000 at 5.58%$309.32
54,000 at 5.59%$309.66
54,000 at 5.6%$310.00
54,000 at 5.61%$310.34
54,000 at 5.62%$310.68
54,000 at 5.63%$311.02
54,000 at 5.64%$311.37
54,000 at 5.65%$311.71
54,000 at 5.66%$312.05
54,000 at 5.67%$312.39
54,000 at 5.68%$312.73
54,000 at 5.69%$313.07
54,000 at 5.7%$313.42
54,000 at 5.71%$313.76
54,000 at 5.72%$314.10
54,000 at 5.73%$314.44
54,000 at 5.74%$314.79
54,000 at 5.75%$315.13
54,000 at 5.76%$315.47
54,000 at 5.77%$315.82
54,000 at 5.78%$316.16
54,000 at 5.79%$316.50
54,000 at 5.8%$316.85
54,000 at 5.81%$317.19
54,000 at 5.82%$317.53
54,000 at 5.83%$317.88
54,000 at 5.84%$318.22
54,000 at 5.85%$318.57
54,000 at 5.86%$318.91
54,000 at 5.87%$319.26
54,000 at 5.88%$319.60
54,000 at 5.89%$319.95
54,000 at 5.9%$320.29
54,000 at 5.91%$320.64
54,000 at 5.92%$320.99
54,000 at 5.93%$321.33
54,000 at 5.94%$321.68
54,000 at 5.95%$322.02
54,000 at 5.96%$322.37
54,000 at 5.97%$322.72
54,000 at 5.98%$323.06
54,000 at 5.99%$323.41
54,000 at 6%$323.76
54,000 at 6.01%$324.10
54,000 at 6.02%$324.45
54,000 at 6.03%$324.80
54,000 at 6.04%$325.15
54,000 at 6.05%$325.50
54,000 at 6.06%$325.84
54,000 at 6.07%$326.19
54,000 at 6.08%$326.54
54,000 at 6.09%$326.89
54,000 at 6.1%$327.24
54,000 at 6.11%$327.59
54,000 at 6.12%$327.94
54,000 at 6.13%$328.28
54,000 at 6.14%$328.63
54,000 at 6.15%$328.98
54,000 at 6.16%$329.33
54,000 at 6.17%$329.68
54,000 at 6.18%$330.03
54,000 at 6.19%$330.38
54,000 at 6.2%$330.73
54,000 at 6.21%$331.08
54,000 at 6.22%$331.43
54,000 at 6.23%$331.79
54,000 at 6.24%$332.14
54,000 at 6.25%$332.49
54,000 at 6.26%$332.84
54,000 at 6.27%$333.19
54,000 at 6.28%$333.54
54,000 at 6.29%$333.89
54,000 at 6.3%$334.25
54,000 at 6.31%$334.60
54,000 at 6.32%$334.95
54,000 at 6.33%$335.30
54,000 at 6.34%$335.65
54,000 at 6.35%$336.01
54,000 at 6.36%$336.36
54,000 at 6.37%$336.71
54,000 at 6.38%$337.07
54,000 at 6.39%$337.42
54,000 at 6.4%$337.77
54,000 at 6.41%$338.13
54,000 at 6.42%$338.48
54,000 at 6.43%$338.83
54,000 at 6.44%$339.19
54,000 at 6.45%$339.54
54,000 at 6.46%$339.90
54,000 at 6.47%$340.25
54,000 at 6.48%$340.61
54,000 at 6.49%$340.96
54,000 at 6.5%$341.32
Interest Rate 30 Year
54,000 at 6.51%$341.67
54,000 at 6.52%$342.03
54,000 at 6.53%$342.38
54,000 at 6.54%$342.74
54,000 at 6.55%$343.09
54,000 at 6.56%$343.45
54,000 at 6.57%$343.81
54,000 at 6.58%$344.16
54,000 at 6.59%$344.52
54,000 at 6.6%$344.88
54,000 at 6.61%$345.23
54,000 at 6.62%$345.59
54,000 at 6.63%$345.95
54,000 at 6.64%$346.30
54,000 at 6.65%$346.66
54,000 at 6.66%$347.02
54,000 at 6.67%$347.38
54,000 at 6.68%$347.73
54,000 at 6.69%$348.09
54,000 at 6.7%$348.45
54,000 at 6.71%$348.81
54,000 at 6.72%$349.17
54,000 at 6.73%$349.53
54,000 at 6.74%$349.88
54,000 at 6.75%$350.24
54,000 at 6.76%$350.60
54,000 at 6.77%$350.96
54,000 at 6.78%$351.32
54,000 at 6.79%$351.68
54,000 at 6.8%$352.04
54,000 at 6.81%$352.40
54,000 at 6.82%$352.76
54,000 at 6.83%$353.12
54,000 at 6.84%$353.48
54,000 at 6.85%$353.84
54,000 at 6.86%$354.20
54,000 at 6.87%$354.56
54,000 at 6.88%$354.92
54,000 at 6.89%$355.28
54,000 at 6.9%$355.64
54,000 at 6.91%$356.01
54,000 at 6.92%$356.37
54,000 at 6.93%$356.73
54,000 at 6.94%$357.09
54,000 at 6.95%$357.45
54,000 at 6.96%$357.81
54,000 at 6.97%$358.18
54,000 at 6.98%$358.54
54,000 at 6.99%$358.90
54,000 at 7%$359.26
54,000 at 7.01%$359.63
54,000 at 7.02%$359.99
54,000 at 7.03%$360.35
54,000 at 7.04%$360.72
54,000 at 7.05%$361.08
54,000 at 7.06%$361.44
54,000 at 7.07%$361.81
54,000 at 7.08%$362.17
54,000 at 7.09%$362.53
54,000 at 7.1%$362.90
54,000 at 7.11%$363.26
54,000 at 7.12%$363.63
54,000 at 7.13%$363.99
54,000 at 7.14%$364.35
54,000 at 7.15%$364.72
54,000 at 7.16%$365.08
54,000 at 7.17%$365.45
54,000 at 7.18%$365.81
54,000 at 7.19%$366.18
54,000 at 7.2%$366.55
54,000 at 7.21%$366.91
54,000 at 7.22%$367.28
54,000 at 7.23%$367.64
54,000 at 7.24%$368.01
54,000 at 7.25%$368.38
54,000 at 7.26%$368.74
54,000 at 7.27%$369.11
54,000 at 7.28%$369.47
54,000 at 7.29%$369.84
54,000 at 7.3%$370.21
54,000 at 7.31%$370.58
54,000 at 7.32%$370.94
54,000 at 7.33%$371.31
54,000 at 7.34%$371.68
54,000 at 7.35%$372.04
54,000 at 7.36%$372.41
54,000 at 7.37%$372.78
54,000 at 7.38%$373.15
54,000 at 7.39%$373.52
54,000 at 7.4%$373.89
54,000 at 7.41%$374.25
54,000 at 7.42%$374.62
54,000 at 7.43%$374.99
54,000 at 7.44%$375.36
54,000 at 7.45%$375.73
54,000 at 7.46%$376.10
54,000 at 7.47%$376.47
54,000 at 7.48%$376.84
54,000 at 7.49%$377.21
54,000 at 7.5%$377.58
54,000 at 7.51%$377.95
54,000 at 7.52%$378.32
54,000 at 7.53%$378.69
54,000 at 7.54%$379.06
54,000 at 7.55%$379.43
54,000 at 7.56%$379.80
54,000 at 7.57%$380.17
54,000 at 7.58%$380.54
54,000 at 7.59%$380.91
54,000 at 7.6%$381.28
54,000 at 7.61%$381.65
54,000 at 7.62%$382.02
54,000 at 7.63%$382.39
54,000 at 7.64%$382.77
54,000 at 7.65%$383.14
54,000 at 7.66%$383.51
54,000 at 7.67%$383.88
54,000 at 7.68%$384.25
54,000 at 7.69%$384.63
54,000 at 7.7%$385.00
54,000 at 7.71%$385.37
54,000 at 7.72%$385.74
54,000 at 7.73%$386.12
54,000 at 7.74%$386.49
54,000 at 7.75%$386.86
54,000 at 7.76%$387.24
54,000 at 7.77%$387.61
54,000 at 7.78%$387.98
54,000 at 7.79%$388.36
54,000 at 7.8%$388.73
54,000 at 7.81%$389.10
54,000 at 7.82%$389.48
54,000 at 7.83%$389.85
54,000 at 7.84%$390.23
54,000 at 7.85%$390.60
54,000 at 7.86%$390.98
54,000 at 7.87%$391.35
54,000 at 7.88%$391.72
54,000 at 7.89%$392.10
54,000 at 7.9%$392.47
54,000 at 7.91%$392.85
54,000 at 7.92%$393.23
54,000 at 7.93%$393.60
54,000 at 7.94%$393.98
54,000 at 7.95%$394.35
54,000 at 7.96%$394.73
54,000 at 7.97%$395.10
54,000 at 7.98%$395.48
54,000 at 7.99%$395.86
54,000 at 8%$396.23
More Amounts
What is the down payment for a $54,000 house? How much do you need to put down?
Percent Down Down Payment
1%540
2%1,080
3%1,620
4%2,160
5%2,700
6%3,240
7%3,780
8%4,320
9%4,860
10%5,400
11%5,940
12%6,480
13%7,020
14%7,560
15%8,100
16%8,640
17%9,180
18%9,720
19%10,260
20%10,800
Percent Down Down Payment
21%11,340
22%11,880
23%12,420
24%12,960
25%13,500
26%14,040
27%14,580
28%15,120
29%15,660
30%16,200
31%16,740
32%17,280
33%17,820
34%18,360
35%18,900
36%19,440
37%19,980
38%20,520
39%21,060
40%21,600
Percent Down Down Payment
41%22,140
42%22,680
43%23,220
44%23,760
45%24,300
46%24,840
47%25,380
48%25,920
49%26,460
50%27,000
51%27,540
52%28,080
53%28,620
54%29,160
55%29,700
56%30,240
57%30,780
58%31,320
59%31,860
60%32,400
Percent Down Down Payment
61%32,940
62%33,480
63%34,020
64%34,560
65%35,100
66%35,640
67%36,180
68%36,720
69%37,260
70%37,800
71%38,340
72%38,880
73%39,420
74%39,960
75%40,500
76%41,040
77%41,580
78%42,120
79%42,660
80%43,200
Percent Down Down Payment
81%43,740
82%44,280
83%44,820
84%45,360
85%45,900
86%46,440
87%46,980
88%47,520
89%48,060
90%48,600
91%49,140
92%49,680
93%50,220
94%50,760
95%51,300
96%51,840
97%52,380
98%52,920
99%53,460
100%54,000
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.