$54,650 Mortgage for 30 Years

What is the monthly payment of a 54,650 dollar loan?
$
$
%
%
years
Loan Tables for a $54,650 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 55k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $54,650 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
54,650 at 2.01%$202.27
54,650 at 2.02%$202.54
54,650 at 2.03%$202.82
54,650 at 2.04%$203.09
54,650 at 2.05%$203.37
54,650 at 2.06%$203.64
54,650 at 2.07%$203.92
54,650 at 2.08%$204.19
54,650 at 2.09%$204.47
54,650 at 2.1%$204.74
54,650 at 2.11%$205.02
54,650 at 2.12%$205.29
54,650 at 2.13%$205.57
54,650 at 2.14%$205.84
54,650 at 2.15%$206.12
54,650 at 2.16%$206.40
54,650 at 2.17%$206.67
54,650 at 2.18%$206.95
54,650 at 2.19%$207.23
54,650 at 2.2%$207.51
54,650 at 2.21%$207.78
54,650 at 2.22%$208.06
54,650 at 2.23%$208.34
54,650 at 2.24%$208.62
54,650 at 2.25%$208.90
54,650 at 2.26%$209.18
54,650 at 2.27%$209.46
54,650 at 2.28%$209.73
54,650 at 2.29%$210.01
54,650 at 2.3%$210.29
54,650 at 2.31%$210.57
54,650 at 2.32%$210.85
54,650 at 2.33%$211.13
54,650 at 2.34%$211.41
54,650 at 2.35%$211.70
54,650 at 2.36%$211.98
54,650 at 2.37%$212.26
54,650 at 2.38%$212.54
54,650 at 2.39%$212.82
54,650 at 2.4%$213.10
54,650 at 2.41%$213.39
54,650 at 2.42%$213.67
54,650 at 2.43%$213.95
54,650 at 2.44%$214.23
54,650 at 2.45%$214.52
54,650 at 2.46%$214.80
54,650 at 2.47%$215.08
54,650 at 2.48%$215.37
54,650 at 2.49%$215.65
54,650 at 2.5%$215.93
54,650 at 2.51%$216.22
54,650 at 2.52%$216.50
54,650 at 2.53%$216.79
54,650 at 2.54%$217.07
54,650 at 2.55%$217.36
54,650 at 2.56%$217.64
54,650 at 2.57%$217.93
54,650 at 2.58%$218.21
54,650 at 2.59%$218.50
54,650 at 2.6%$218.79
54,650 at 2.61%$219.07
54,650 at 2.62%$219.36
54,650 at 2.63%$219.65
54,650 at 2.64%$219.93
54,650 at 2.65%$220.22
54,650 at 2.66%$220.51
54,650 at 2.67%$220.79
54,650 at 2.68%$221.08
54,650 at 2.69%$221.37
54,650 at 2.7%$221.66
54,650 at 2.71%$221.95
54,650 at 2.72%$222.24
54,650 at 2.73%$222.53
54,650 at 2.74%$222.81
54,650 at 2.75%$223.10
54,650 at 2.76%$223.39
54,650 at 2.77%$223.68
54,650 at 2.78%$223.97
54,650 at 2.79%$224.26
54,650 at 2.8%$224.55
54,650 at 2.81%$224.84
54,650 at 2.82%$225.14
54,650 at 2.83%$225.43
54,650 at 2.84%$225.72
54,650 at 2.85%$226.01
54,650 at 2.86%$226.30
54,650 at 2.87%$226.59
54,650 at 2.88%$226.88
54,650 at 2.89%$227.18
54,650 at 2.9%$227.47
54,650 at 2.91%$227.76
54,650 at 2.92%$228.06
54,650 at 2.93%$228.35
54,650 at 2.94%$228.64
54,650 at 2.95%$228.94
54,650 at 2.96%$229.23
54,650 at 2.97%$229.52
54,650 at 2.98%$229.82
54,650 at 2.99%$230.11
54,650 at 3%$230.41
54,650 at 3.01%$230.70
54,650 at 3.02%$231.00
54,650 at 3.03%$231.29
54,650 at 3.04%$231.59
54,650 at 3.05%$231.88
54,650 at 3.06%$232.18
54,650 at 3.07%$232.47
54,650 at 3.08%$232.77
54,650 at 3.09%$233.07
54,650 at 3.1%$233.36
54,650 at 3.11%$233.66
54,650 at 3.12%$233.96
54,650 at 3.13%$234.26
54,650 at 3.14%$234.55
54,650 at 3.15%$234.85
54,650 at 3.16%$235.15
54,650 at 3.17%$235.45
54,650 at 3.18%$235.75
54,650 at 3.19%$236.04
54,650 at 3.2%$236.34
54,650 at 3.21%$236.64
54,650 at 3.22%$236.94
54,650 at 3.23%$237.24
54,650 at 3.24%$237.54
54,650 at 3.25%$237.84
54,650 at 3.26%$238.14
54,650 at 3.27%$238.44
54,650 at 3.28%$238.74
54,650 at 3.29%$239.04
54,650 at 3.3%$239.34
54,650 at 3.31%$239.64
54,650 at 3.32%$239.94
54,650 at 3.33%$240.25
54,650 at 3.34%$240.55
54,650 at 3.35%$240.85
54,650 at 3.36%$241.15
54,650 at 3.37%$241.45
54,650 at 3.38%$241.76
54,650 at 3.39%$242.06
54,650 at 3.4%$242.36
54,650 at 3.41%$242.67
54,650 at 3.42%$242.97
54,650 at 3.43%$243.27
54,650 at 3.44%$243.58
54,650 at 3.45%$243.88
54,650 at 3.46%$244.18
54,650 at 3.47%$244.49
54,650 at 3.48%$244.79
54,650 at 3.49%$245.10
54,650 at 3.5%$245.40
Interest Rate 30 Year
54,650 at 3.51%$245.71
54,650 at 3.52%$246.01
54,650 at 3.53%$246.32
54,650 at 3.54%$246.62
54,650 at 3.55%$246.93
54,650 at 3.56%$247.24
54,650 at 3.57%$247.54
54,650 at 3.58%$247.85
54,650 at 3.59%$248.16
54,650 at 3.6%$248.46
54,650 at 3.61%$248.77
54,650 at 3.62%$249.08
54,650 at 3.63%$249.39
54,650 at 3.64%$249.69
54,650 at 3.65%$250.00
54,650 at 3.66%$250.31
54,650 at 3.67%$250.62
54,650 at 3.68%$250.93
54,650 at 3.69%$251.24
54,650 at 3.7%$251.54
54,650 at 3.71%$251.85
54,650 at 3.72%$252.16
54,650 at 3.73%$252.47
54,650 at 3.74%$252.78
54,650 at 3.75%$253.09
54,650 at 3.76%$253.40
54,650 at 3.77%$253.71
54,650 at 3.78%$254.02
54,650 at 3.79%$254.33
54,650 at 3.8%$254.65
54,650 at 3.81%$254.96
54,650 at 3.82%$255.27
54,650 at 3.83%$255.58
54,650 at 3.84%$255.89
54,650 at 3.85%$256.20
54,650 at 3.86%$256.52
54,650 at 3.87%$256.83
54,650 at 3.88%$257.14
54,650 at 3.89%$257.45
54,650 at 3.9%$257.77
54,650 at 3.91%$258.08
54,650 at 3.92%$258.39
54,650 at 3.93%$258.71
54,650 at 3.94%$259.02
54,650 at 3.95%$259.33
54,650 at 3.96%$259.65
54,650 at 3.97%$259.96
54,650 at 3.98%$260.28
54,650 at 3.99%$260.59
54,650 at 4%$260.91
54,650 at 4.01%$261.22
54,650 at 4.02%$261.54
54,650 at 4.03%$261.85
54,650 at 4.04%$262.17
54,650 at 4.05%$262.49
54,650 at 4.06%$262.80
54,650 at 4.07%$263.12
54,650 at 4.08%$263.43
54,650 at 4.09%$263.75
54,650 at 4.1%$264.07
54,650 at 4.11%$264.39
54,650 at 4.12%$264.70
54,650 at 4.13%$265.02
54,650 at 4.14%$265.34
54,650 at 4.15%$265.66
54,650 at 4.16%$265.97
54,650 at 4.17%$266.29
54,650 at 4.18%$266.61
54,650 at 4.19%$266.93
54,650 at 4.2%$267.25
54,650 at 4.21%$267.57
54,650 at 4.22%$267.89
54,650 at 4.23%$268.21
54,650 at 4.24%$268.53
54,650 at 4.25%$268.85
54,650 at 4.26%$269.17
54,650 at 4.27%$269.49
54,650 at 4.28%$269.81
54,650 at 4.29%$270.13
54,650 at 4.3%$270.45
54,650 at 4.31%$270.77
54,650 at 4.32%$271.09
54,650 at 4.33%$271.41
54,650 at 4.34%$271.73
54,650 at 4.35%$272.05
54,650 at 4.36%$272.38
54,650 at 4.37%$272.70
54,650 at 4.38%$273.02
54,650 at 4.39%$273.34
54,650 at 4.4%$273.67
54,650 at 4.41%$273.99
54,650 at 4.42%$274.31
54,650 at 4.43%$274.64
54,650 at 4.44%$274.96
54,650 at 4.45%$275.28
54,650 at 4.46%$275.61
54,650 at 4.47%$275.93
54,650 at 4.48%$276.25
54,650 at 4.49%$276.58
54,650 at 4.5%$276.90
54,650 at 4.51%$277.23
54,650 at 4.52%$277.55
54,650 at 4.53%$277.88
54,650 at 4.54%$278.20
54,650 at 4.55%$278.53
54,650 at 4.56%$278.86
54,650 at 4.57%$279.18
54,650 at 4.58%$279.51
54,650 at 4.59%$279.83
54,650 at 4.6%$280.16
54,650 at 4.61%$280.49
54,650 at 4.62%$280.81
54,650 at 4.63%$281.14
54,650 at 4.64%$281.47
54,650 at 4.65%$281.80
54,650 at 4.66%$282.12
54,650 at 4.67%$282.45
54,650 at 4.68%$282.78
54,650 at 4.69%$283.11
54,650 at 4.7%$283.44
54,650 at 4.71%$283.76
54,650 at 4.72%$284.09
54,650 at 4.73%$284.42
54,650 at 4.74%$284.75
54,650 at 4.75%$285.08
54,650 at 4.76%$285.41
54,650 at 4.77%$285.74
54,650 at 4.78%$286.07
54,650 at 4.79%$286.40
54,650 at 4.8%$286.73
54,650 at 4.81%$287.06
54,650 at 4.82%$287.39
54,650 at 4.83%$287.72
54,650 at 4.84%$288.05
54,650 at 4.85%$288.38
54,650 at 4.86%$288.71
54,650 at 4.87%$289.05
54,650 at 4.88%$289.38
54,650 at 4.89%$289.71
54,650 at 4.9%$290.04
54,650 at 4.91%$290.37
54,650 at 4.92%$290.71
54,650 at 4.93%$291.04
54,650 at 4.94%$291.37
54,650 at 4.95%$291.71
54,650 at 4.96%$292.04
54,650 at 4.97%$292.37
54,650 at 4.98%$292.71
54,650 at 4.99%$293.04
54,650 at 5%$293.37
Interest Rate 30 Year
54,650 at 5.01%$293.71
54,650 at 5.02%$294.04
54,650 at 5.03%$294.38
54,650 at 5.04%$294.71
54,650 at 5.05%$295.05
54,650 at 5.06%$295.38
54,650 at 5.07%$295.72
54,650 at 5.08%$296.05
54,650 at 5.09%$296.39
54,650 at 5.1%$296.72
54,650 at 5.11%$297.06
54,650 at 5.12%$297.39
54,650 at 5.13%$297.73
54,650 at 5.14%$298.07
54,650 at 5.15%$298.40
54,650 at 5.16%$298.74
54,650 at 5.17%$299.08
54,650 at 5.18%$299.41
54,650 at 5.19%$299.75
54,650 at 5.2%$300.09
54,650 at 5.21%$300.43
54,650 at 5.22%$300.76
54,650 at 5.23%$301.10
54,650 at 5.24%$301.44
54,650 at 5.25%$301.78
54,650 at 5.26%$302.12
54,650 at 5.27%$302.46
54,650 at 5.28%$302.80
54,650 at 5.29%$303.13
54,650 at 5.3%$303.47
54,650 at 5.31%$303.81
54,650 at 5.32%$304.15
54,650 at 5.33%$304.49
54,650 at 5.34%$304.83
54,650 at 5.35%$305.17
54,650 at 5.36%$305.51
54,650 at 5.37%$305.85
54,650 at 5.38%$306.19
54,650 at 5.39%$306.54
54,650 at 5.4%$306.88
54,650 at 5.41%$307.22
54,650 at 5.42%$307.56
54,650 at 5.43%$307.90
54,650 at 5.44%$308.24
54,650 at 5.45%$308.58
54,650 at 5.46%$308.93
54,650 at 5.47%$309.27
54,650 at 5.48%$309.61
54,650 at 5.49%$309.95
54,650 at 5.5%$310.30
54,650 at 5.51%$310.64
54,650 at 5.52%$310.98
54,650 at 5.53%$311.33
54,650 at 5.54%$311.67
54,650 at 5.55%$312.01
54,650 at 5.56%$312.36
54,650 at 5.57%$312.70
54,650 at 5.58%$313.05
54,650 at 5.59%$313.39
54,650 at 5.6%$313.73
54,650 at 5.61%$314.08
54,650 at 5.62%$314.42
54,650 at 5.63%$314.77
54,650 at 5.64%$315.11
54,650 at 5.65%$315.46
54,650 at 5.66%$315.80
54,650 at 5.67%$316.15
54,650 at 5.68%$316.50
54,650 at 5.69%$316.84
54,650 at 5.7%$317.19
54,650 at 5.71%$317.54
54,650 at 5.72%$317.88
54,650 at 5.73%$318.23
54,650 at 5.74%$318.58
54,650 at 5.75%$318.92
54,650 at 5.76%$319.27
54,650 at 5.77%$319.62
54,650 at 5.78%$319.96
54,650 at 5.79%$320.31
54,650 at 5.8%$320.66
54,650 at 5.81%$321.01
54,650 at 5.82%$321.36
54,650 at 5.83%$321.71
54,650 at 5.84%$322.05
54,650 at 5.85%$322.40
54,650 at 5.86%$322.75
54,650 at 5.87%$323.10
54,650 at 5.88%$323.45
54,650 at 5.89%$323.80
54,650 at 5.9%$324.15
54,650 at 5.91%$324.50
54,650 at 5.92%$324.85
54,650 at 5.93%$325.20
54,650 at 5.94%$325.55
54,650 at 5.95%$325.90
54,650 at 5.96%$326.25
54,650 at 5.97%$326.60
54,650 at 5.98%$326.95
54,650 at 5.99%$327.30
54,650 at 6%$327.65
54,650 at 6.01%$328.01
54,650 at 6.02%$328.36
54,650 at 6.03%$328.71
54,650 at 6.04%$329.06
54,650 at 6.05%$329.41
54,650 at 6.06%$329.77
54,650 at 6.07%$330.12
54,650 at 6.08%$330.47
54,650 at 6.09%$330.82
54,650 at 6.1%$331.18
54,650 at 6.11%$331.53
54,650 at 6.12%$331.88
54,650 at 6.13%$332.24
54,650 at 6.14%$332.59
54,650 at 6.15%$332.94
54,650 at 6.16%$333.30
54,650 at 6.17%$333.65
54,650 at 6.18%$334.01
54,650 at 6.19%$334.36
54,650 at 6.2%$334.71
54,650 at 6.21%$335.07
54,650 at 6.22%$335.42
54,650 at 6.23%$335.78
54,650 at 6.24%$336.13
54,650 at 6.25%$336.49
54,650 at 6.26%$336.84
54,650 at 6.27%$337.20
54,650 at 6.28%$337.56
54,650 at 6.29%$337.91
54,650 at 6.3%$338.27
54,650 at 6.31%$338.62
54,650 at 6.32%$338.98
54,650 at 6.33%$339.34
54,650 at 6.34%$339.69
54,650 at 6.35%$340.05
54,650 at 6.36%$340.41
54,650 at 6.37%$340.77
54,650 at 6.38%$341.12
54,650 at 6.39%$341.48
54,650 at 6.4%$341.84
54,650 at 6.41%$342.20
54,650 at 6.42%$342.55
54,650 at 6.43%$342.91
54,650 at 6.44%$343.27
54,650 at 6.45%$343.63
54,650 at 6.46%$343.99
54,650 at 6.47%$344.35
54,650 at 6.48%$344.71
54,650 at 6.49%$345.07
54,650 at 6.5%$345.43
Interest Rate 30 Year
54,650 at 6.51%$345.78
54,650 at 6.52%$346.14
54,650 at 6.53%$346.50
54,650 at 6.54%$346.86
54,650 at 6.55%$347.22
54,650 at 6.56%$347.58
54,650 at 6.57%$347.94
54,650 at 6.58%$348.31
54,650 at 6.59%$348.67
54,650 at 6.6%$349.03
54,650 at 6.61%$349.39
54,650 at 6.62%$349.75
54,650 at 6.63%$350.11
54,650 at 6.64%$350.47
54,650 at 6.65%$350.83
54,650 at 6.66%$351.20
54,650 at 6.67%$351.56
54,650 at 6.68%$351.92
54,650 at 6.69%$352.28
54,650 at 6.7%$352.64
54,650 at 6.71%$353.01
54,650 at 6.72%$353.37
54,650 at 6.73%$353.73
54,650 at 6.74%$354.10
54,650 at 6.75%$354.46
54,650 at 6.76%$354.82
54,650 at 6.77%$355.19
54,650 at 6.78%$355.55
54,650 at 6.79%$355.91
54,650 at 6.8%$356.28
54,650 at 6.81%$356.64
54,650 at 6.82%$357.01
54,650 at 6.83%$357.37
54,650 at 6.84%$357.73
54,650 at 6.85%$358.10
54,650 at 6.86%$358.46
54,650 at 6.87%$358.83
54,650 at 6.88%$359.19
54,650 at 6.89%$359.56
54,650 at 6.9%$359.92
54,650 at 6.91%$360.29
54,650 at 6.92%$360.66
54,650 at 6.93%$361.02
54,650 at 6.94%$361.39
54,650 at 6.95%$361.75
54,650 at 6.96%$362.12
54,650 at 6.97%$362.49
54,650 at 6.98%$362.85
54,650 at 6.99%$363.22
54,650 at 7%$363.59
54,650 at 7.01%$363.95
54,650 at 7.02%$364.32
54,650 at 7.03%$364.69
54,650 at 7.04%$365.06
54,650 at 7.05%$365.42
54,650 at 7.06%$365.79
54,650 at 7.07%$366.16
54,650 at 7.08%$366.53
54,650 at 7.09%$366.90
54,650 at 7.1%$367.27
54,650 at 7.11%$367.63
54,650 at 7.12%$368.00
54,650 at 7.13%$368.37
54,650 at 7.14%$368.74
54,650 at 7.15%$369.11
54,650 at 7.16%$369.48
54,650 at 7.17%$369.85
54,650 at 7.18%$370.22
54,650 at 7.19%$370.59
54,650 at 7.2%$370.96
54,650 at 7.21%$371.33
54,650 at 7.22%$371.70
54,650 at 7.23%$372.07
54,650 at 7.24%$372.44
54,650 at 7.25%$372.81
54,650 at 7.26%$373.18
54,650 at 7.27%$373.55
54,650 at 7.28%$373.92
54,650 at 7.29%$374.29
54,650 at 7.3%$374.66
54,650 at 7.31%$375.04
54,650 at 7.32%$375.41
54,650 at 7.33%$375.78
54,650 at 7.34%$376.15
54,650 at 7.35%$376.52
54,650 at 7.36%$376.90
54,650 at 7.37%$377.27
54,650 at 7.38%$377.64
54,650 at 7.39%$378.01
54,650 at 7.4%$378.39
54,650 at 7.41%$378.76
54,650 at 7.42%$379.13
54,650 at 7.43%$379.50
54,650 at 7.44%$379.88
54,650 at 7.45%$380.25
54,650 at 7.46%$380.62
54,650 at 7.47%$381.00
54,650 at 7.48%$381.37
54,650 at 7.49%$381.75
54,650 at 7.5%$382.12
54,650 at 7.51%$382.50
54,650 at 7.52%$382.87
54,650 at 7.53%$383.24
54,650 at 7.54%$383.62
54,650 at 7.55%$383.99
54,650 at 7.56%$384.37
54,650 at 7.57%$384.74
54,650 at 7.58%$385.12
54,650 at 7.59%$385.49
54,650 at 7.6%$385.87
54,650 at 7.61%$386.25
54,650 at 7.62%$386.62
54,650 at 7.63%$387.00
54,650 at 7.64%$387.37
54,650 at 7.65%$387.75
54,650 at 7.66%$388.13
54,650 at 7.67%$388.50
54,650 at 7.68%$388.88
54,650 at 7.69%$389.26
54,650 at 7.7%$389.63
54,650 at 7.71%$390.01
54,650 at 7.72%$390.39
54,650 at 7.73%$390.76
54,650 at 7.74%$391.14
54,650 at 7.75%$391.52
54,650 at 7.76%$391.90
54,650 at 7.77%$392.27
54,650 at 7.78%$392.65
54,650 at 7.79%$393.03
54,650 at 7.8%$393.41
54,650 at 7.81%$393.79
54,650 at 7.82%$394.17
54,650 at 7.83%$394.54
54,650 at 7.84%$394.92
54,650 at 7.85%$395.30
54,650 at 7.86%$395.68
54,650 at 7.87%$396.06
54,650 at 7.88%$396.44
54,650 at 7.89%$396.82
54,650 at 7.9%$397.20
54,650 at 7.91%$397.58
54,650 at 7.92%$397.96
54,650 at 7.93%$398.34
54,650 at 7.94%$398.72
54,650 at 7.95%$399.10
54,650 at 7.96%$399.48
54,650 at 7.97%$399.86
54,650 at 7.98%$400.24
54,650 at 7.99%$400.62
54,650 at 8%$401.00
More Amounts
What is the down payment for a $54,650 house? How much do you need to put down?
Percent Down Down Payment
1%547
2%1,093
3%1,640
4%2,186
5%2,733
6%3,279
7%3,826
8%4,372
9%4,919
10%5,465
11%6,012
12%6,558
13%7,105
14%7,651
15%8,198
16%8,744
17%9,291
18%9,837
19%10,384
20%10,930
Percent Down Down Payment
21%11,477
22%12,023
23%12,570
24%13,116
25%13,663
26%14,209
27%14,756
28%15,302
29%15,849
30%16,395
31%16,942
32%17,488
33%18,035
34%18,581
35%19,128
36%19,674
37%20,221
38%20,767
39%21,314
40%21,860
Percent Down Down Payment
41%22,407
42%22,953
43%23,500
44%24,046
45%24,593
46%25,139
47%25,686
48%26,232
49%26,779
50%27,325
51%27,872
52%28,418
53%28,965
54%29,511
55%30,058
56%30,604
57%31,151
58%31,697
59%32,244
60%32,790
Percent Down Down Payment
61%33,337
62%33,883
63%34,430
64%34,976
65%35,523
66%36,069
67%36,616
68%37,162
69%37,709
70%38,255
71%38,802
72%39,348
73%39,895
74%40,441
75%40,988
76%41,534
77%42,081
78%42,627
79%43,174
80%43,720
Percent Down Down Payment
81%44,267
82%44,813
83%45,360
84%45,906
85%46,453
86%46,999
87%47,546
88%48,092
89%48,639
90%49,185
91%49,732
92%50,278
93%50,825
94%51,371
95%51,918
96%52,464
97%53,011
98%53,557
99%54,104
100%54,650
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.