$55,150 Mortgage for 30 Years

What is the monthly payment of a 55,150 dollar loan?
$
$
%
%
years
Loan Tables for a $55,150 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 $55,150 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
55,150 at 2.01%$204.12
55,150 at 2.02%$204.40
55,150 at 2.03%$204.67
55,150 at 2.04%$204.95
55,150 at 2.05%$205.23
55,150 at 2.06%$205.50
55,150 at 2.07%$205.78
55,150 at 2.08%$206.06
55,150 at 2.09%$206.34
55,150 at 2.1%$206.61
55,150 at 2.11%$206.89
55,150 at 2.12%$207.17
55,150 at 2.13%$207.45
55,150 at 2.14%$207.73
55,150 at 2.15%$208.01
55,150 at 2.16%$208.29
55,150 at 2.17%$208.57
55,150 at 2.18%$208.85
55,150 at 2.19%$209.12
55,150 at 2.2%$209.41
55,150 at 2.21%$209.69
55,150 at 2.22%$209.97
55,150 at 2.23%$210.25
55,150 at 2.24%$210.53
55,150 at 2.25%$210.81
55,150 at 2.26%$211.09
55,150 at 2.27%$211.37
55,150 at 2.28%$211.65
55,150 at 2.29%$211.94
55,150 at 2.3%$212.22
55,150 at 2.31%$212.50
55,150 at 2.32%$212.78
55,150 at 2.33%$213.07
55,150 at 2.34%$213.35
55,150 at 2.35%$213.63
55,150 at 2.36%$213.92
55,150 at 2.37%$214.20
55,150 at 2.38%$214.48
55,150 at 2.39%$214.77
55,150 at 2.4%$215.05
55,150 at 2.41%$215.34
55,150 at 2.42%$215.62
55,150 at 2.43%$215.91
55,150 at 2.44%$216.19
55,150 at 2.45%$216.48
55,150 at 2.46%$216.76
55,150 at 2.47%$217.05
55,150 at 2.48%$217.34
55,150 at 2.49%$217.62
55,150 at 2.5%$217.91
55,150 at 2.51%$218.20
55,150 at 2.52%$218.48
55,150 at 2.53%$218.77
55,150 at 2.54%$219.06
55,150 at 2.55%$219.35
55,150 at 2.56%$219.63
55,150 at 2.57%$219.92
55,150 at 2.58%$220.21
55,150 at 2.59%$220.50
55,150 at 2.6%$220.79
55,150 at 2.61%$221.08
55,150 at 2.62%$221.37
55,150 at 2.63%$221.66
55,150 at 2.64%$221.94
55,150 at 2.65%$222.23
55,150 at 2.66%$222.52
55,150 at 2.67%$222.81
55,150 at 2.68%$223.11
55,150 at 2.69%$223.40
55,150 at 2.7%$223.69
55,150 at 2.71%$223.98
55,150 at 2.72%$224.27
55,150 at 2.73%$224.56
55,150 at 2.74%$224.85
55,150 at 2.75%$225.15
55,150 at 2.76%$225.44
55,150 at 2.77%$225.73
55,150 at 2.78%$226.02
55,150 at 2.79%$226.32
55,150 at 2.8%$226.61
55,150 at 2.81%$226.90
55,150 at 2.82%$227.20
55,150 at 2.83%$227.49
55,150 at 2.84%$227.78
55,150 at 2.85%$228.08
55,150 at 2.86%$228.37
55,150 at 2.87%$228.67
55,150 at 2.88%$228.96
55,150 at 2.89%$229.26
55,150 at 2.9%$229.55
55,150 at 2.91%$229.85
55,150 at 2.92%$230.14
55,150 at 2.93%$230.44
55,150 at 2.94%$230.73
55,150 at 2.95%$231.03
55,150 at 2.96%$231.33
55,150 at 2.97%$231.62
55,150 at 2.98%$231.92
55,150 at 2.99%$232.22
55,150 at 3%$232.51
55,150 at 3.01%$232.81
55,150 at 3.02%$233.11
55,150 at 3.03%$233.41
55,150 at 3.04%$233.71
55,150 at 3.05%$234.00
55,150 at 3.06%$234.30
55,150 at 3.07%$234.60
55,150 at 3.08%$234.90
55,150 at 3.09%$235.20
55,150 at 3.1%$235.50
55,150 at 3.11%$235.80
55,150 at 3.12%$236.10
55,150 at 3.13%$236.40
55,150 at 3.14%$236.70
55,150 at 3.15%$237.00
55,150 at 3.16%$237.30
55,150 at 3.17%$237.60
55,150 at 3.18%$237.90
55,150 at 3.19%$238.20
55,150 at 3.2%$238.51
55,150 at 3.21%$238.81
55,150 at 3.22%$239.11
55,150 at 3.23%$239.41
55,150 at 3.24%$239.71
55,150 at 3.25%$240.02
55,150 at 3.26%$240.32
55,150 at 3.27%$240.62
55,150 at 3.28%$240.93
55,150 at 3.29%$241.23
55,150 at 3.3%$241.53
55,150 at 3.31%$241.84
55,150 at 3.32%$242.14
55,150 at 3.33%$242.44
55,150 at 3.34%$242.75
55,150 at 3.35%$243.05
55,150 at 3.36%$243.36
55,150 at 3.37%$243.66
55,150 at 3.38%$243.97
55,150 at 3.39%$244.27
55,150 at 3.4%$244.58
55,150 at 3.41%$244.89
55,150 at 3.42%$245.19
55,150 at 3.43%$245.50
55,150 at 3.44%$245.80
55,150 at 3.45%$246.11
55,150 at 3.46%$246.42
55,150 at 3.47%$246.73
55,150 at 3.48%$247.03
55,150 at 3.49%$247.34
55,150 at 3.5%$247.65
Interest Rate 30 Year
55,150 at 3.51%$247.96
55,150 at 3.52%$248.26
55,150 at 3.53%$248.57
55,150 at 3.54%$248.88
55,150 at 3.55%$249.19
55,150 at 3.56%$249.50
55,150 at 3.57%$249.81
55,150 at 3.58%$250.12
55,150 at 3.59%$250.43
55,150 at 3.6%$250.74
55,150 at 3.61%$251.05
55,150 at 3.62%$251.36
55,150 at 3.63%$251.67
55,150 at 3.64%$251.98
55,150 at 3.65%$252.29
55,150 at 3.66%$252.60
55,150 at 3.67%$252.91
55,150 at 3.68%$253.22
55,150 at 3.69%$253.53
55,150 at 3.7%$253.85
55,150 at 3.71%$254.16
55,150 at 3.72%$254.47
55,150 at 3.73%$254.78
55,150 at 3.74%$255.10
55,150 at 3.75%$255.41
55,150 at 3.76%$255.72
55,150 at 3.77%$256.03
55,150 at 3.78%$256.35
55,150 at 3.79%$256.66
55,150 at 3.8%$256.98
55,150 at 3.81%$257.29
55,150 at 3.82%$257.60
55,150 at 3.83%$257.92
55,150 at 3.84%$258.23
55,150 at 3.85%$258.55
55,150 at 3.86%$258.86
55,150 at 3.87%$259.18
55,150 at 3.88%$259.49
55,150 at 3.89%$259.81
55,150 at 3.9%$260.13
55,150 at 3.91%$260.44
55,150 at 3.92%$260.76
55,150 at 3.93%$261.07
55,150 at 3.94%$261.39
55,150 at 3.95%$261.71
55,150 at 3.96%$262.02
55,150 at 3.97%$262.34
55,150 at 3.98%$262.66
55,150 at 3.99%$262.98
55,150 at 4%$263.29
55,150 at 4.01%$263.61
55,150 at 4.02%$263.93
55,150 at 4.03%$264.25
55,150 at 4.04%$264.57
55,150 at 4.05%$264.89
55,150 at 4.06%$265.21
55,150 at 4.07%$265.53
55,150 at 4.08%$265.84
55,150 at 4.09%$266.16
55,150 at 4.1%$266.48
55,150 at 4.11%$266.80
55,150 at 4.12%$267.12
55,150 at 4.13%$267.44
55,150 at 4.14%$267.77
55,150 at 4.15%$268.09
55,150 at 4.16%$268.41
55,150 at 4.17%$268.73
55,150 at 4.18%$269.05
55,150 at 4.19%$269.37
55,150 at 4.2%$269.69
55,150 at 4.21%$270.01
55,150 at 4.22%$270.34
55,150 at 4.23%$270.66
55,150 at 4.24%$270.98
55,150 at 4.25%$271.30
55,150 at 4.26%$271.63
55,150 at 4.27%$271.95
55,150 at 4.28%$272.27
55,150 at 4.29%$272.60
55,150 at 4.3%$272.92
55,150 at 4.31%$273.25
55,150 at 4.32%$273.57
55,150 at 4.33%$273.89
55,150 at 4.34%$274.22
55,150 at 4.35%$274.54
55,150 at 4.36%$274.87
55,150 at 4.37%$275.19
55,150 at 4.38%$275.52
55,150 at 4.39%$275.84
55,150 at 4.4%$276.17
55,150 at 4.41%$276.50
55,150 at 4.42%$276.82
55,150 at 4.43%$277.15
55,150 at 4.44%$277.47
55,150 at 4.45%$277.80
55,150 at 4.46%$278.13
55,150 at 4.47%$278.45
55,150 at 4.48%$278.78
55,150 at 4.49%$279.11
55,150 at 4.5%$279.44
55,150 at 4.51%$279.76
55,150 at 4.52%$280.09
55,150 at 4.53%$280.42
55,150 at 4.54%$280.75
55,150 at 4.55%$281.08
55,150 at 4.56%$281.41
55,150 at 4.57%$281.74
55,150 at 4.58%$282.06
55,150 at 4.59%$282.39
55,150 at 4.6%$282.72
55,150 at 4.61%$283.05
55,150 at 4.62%$283.38
55,150 at 4.63%$283.71
55,150 at 4.64%$284.04
55,150 at 4.65%$284.37
55,150 at 4.66%$284.70
55,150 at 4.67%$285.04
55,150 at 4.68%$285.37
55,150 at 4.69%$285.70
55,150 at 4.7%$286.03
55,150 at 4.71%$286.36
55,150 at 4.72%$286.69
55,150 at 4.73%$287.02
55,150 at 4.74%$287.36
55,150 at 4.75%$287.69
55,150 at 4.76%$288.02
55,150 at 4.77%$288.35
55,150 at 4.78%$288.69
55,150 at 4.79%$289.02
55,150 at 4.8%$289.35
55,150 at 4.81%$289.69
55,150 at 4.82%$290.02
55,150 at 4.83%$290.35
55,150 at 4.84%$290.69
55,150 at 4.85%$291.02
55,150 at 4.86%$291.36
55,150 at 4.87%$291.69
55,150 at 4.88%$292.03
55,150 at 4.89%$292.36
55,150 at 4.9%$292.70
55,150 at 4.91%$293.03
55,150 at 4.92%$293.37
55,150 at 4.93%$293.70
55,150 at 4.94%$294.04
55,150 at 4.95%$294.37
55,150 at 4.96%$294.71
55,150 at 4.97%$295.05
55,150 at 4.98%$295.38
55,150 at 4.99%$295.72
55,150 at 5%$296.06
Interest Rate 30 Year
55,150 at 5.01%$296.39
55,150 at 5.02%$296.73
55,150 at 5.03%$297.07
55,150 at 5.04%$297.41
55,150 at 5.05%$297.74
55,150 at 5.06%$298.08
55,150 at 5.07%$298.42
55,150 at 5.08%$298.76
55,150 at 5.09%$299.10
55,150 at 5.1%$299.44
55,150 at 5.11%$299.78
55,150 at 5.12%$300.11
55,150 at 5.13%$300.45
55,150 at 5.14%$300.79
55,150 at 5.15%$301.13
55,150 at 5.16%$301.47
55,150 at 5.17%$301.81
55,150 at 5.18%$302.15
55,150 at 5.19%$302.49
55,150 at 5.2%$302.83
55,150 at 5.21%$303.18
55,150 at 5.22%$303.52
55,150 at 5.23%$303.86
55,150 at 5.24%$304.20
55,150 at 5.25%$304.54
55,150 at 5.26%$304.88
55,150 at 5.27%$305.22
55,150 at 5.28%$305.57
55,150 at 5.29%$305.91
55,150 at 5.3%$306.25
55,150 at 5.31%$306.59
55,150 at 5.32%$306.94
55,150 at 5.33%$307.28
55,150 at 5.34%$307.62
55,150 at 5.35%$307.97
55,150 at 5.36%$308.31
55,150 at 5.37%$308.65
55,150 at 5.38%$309.00
55,150 at 5.39%$309.34
55,150 at 5.4%$309.68
55,150 at 5.41%$310.03
55,150 at 5.42%$310.37
55,150 at 5.43%$310.72
55,150 at 5.44%$311.06
55,150 at 5.45%$311.41
55,150 at 5.46%$311.75
55,150 at 5.47%$312.10
55,150 at 5.48%$312.44
55,150 at 5.49%$312.79
55,150 at 5.5%$313.14
55,150 at 5.51%$313.48
55,150 at 5.52%$313.83
55,150 at 5.53%$314.17
55,150 at 5.54%$314.52
55,150 at 5.55%$314.87
55,150 at 5.56%$315.21
55,150 at 5.57%$315.56
55,150 at 5.58%$315.91
55,150 at 5.59%$316.26
55,150 at 5.6%$316.60
55,150 at 5.61%$316.95
55,150 at 5.62%$317.30
55,150 at 5.63%$317.65
55,150 at 5.64%$318.00
55,150 at 5.65%$318.35
55,150 at 5.66%$318.69
55,150 at 5.67%$319.04
55,150 at 5.68%$319.39
55,150 at 5.69%$319.74
55,150 at 5.7%$320.09
55,150 at 5.71%$320.44
55,150 at 5.72%$320.79
55,150 at 5.73%$321.14
55,150 at 5.74%$321.49
55,150 at 5.75%$321.84
55,150 at 5.76%$322.19
55,150 at 5.77%$322.54
55,150 at 5.78%$322.89
55,150 at 5.79%$323.24
55,150 at 5.8%$323.59
55,150 at 5.81%$323.95
55,150 at 5.82%$324.30
55,150 at 5.83%$324.65
55,150 at 5.84%$325.00
55,150 at 5.85%$325.35
55,150 at 5.86%$325.70
55,150 at 5.87%$326.06
55,150 at 5.88%$326.41
55,150 at 5.89%$326.76
55,150 at 5.9%$327.11
55,150 at 5.91%$327.47
55,150 at 5.92%$327.82
55,150 at 5.93%$328.17
55,150 at 5.94%$328.53
55,150 at 5.95%$328.88
55,150 at 5.96%$329.24
55,150 at 5.97%$329.59
55,150 at 5.98%$329.94
55,150 at 5.99%$330.30
55,150 at 6%$330.65
55,150 at 6.01%$331.01
55,150 at 6.02%$331.36
55,150 at 6.03%$331.72
55,150 at 6.04%$332.07
55,150 at 6.05%$332.43
55,150 at 6.06%$332.78
55,150 at 6.07%$333.14
55,150 at 6.08%$333.49
55,150 at 6.09%$333.85
55,150 at 6.1%$334.21
55,150 at 6.11%$334.56
55,150 at 6.12%$334.92
55,150 at 6.13%$335.28
55,150 at 6.14%$335.63
55,150 at 6.15%$335.99
55,150 at 6.16%$336.35
55,150 at 6.17%$336.70
55,150 at 6.18%$337.06
55,150 at 6.19%$337.42
55,150 at 6.2%$337.78
55,150 at 6.21%$338.13
55,150 at 6.22%$338.49
55,150 at 6.23%$338.85
55,150 at 6.24%$339.21
55,150 at 6.25%$339.57
55,150 at 6.26%$339.93
55,150 at 6.27%$340.29
55,150 at 6.28%$340.64
55,150 at 6.29%$341.00
55,150 at 6.3%$341.36
55,150 at 6.31%$341.72
55,150 at 6.32%$342.08
55,150 at 6.33%$342.44
55,150 at 6.34%$342.80
55,150 at 6.35%$343.16
55,150 at 6.36%$343.52
55,150 at 6.37%$343.88
55,150 at 6.38%$344.24
55,150 at 6.39%$344.61
55,150 at 6.4%$344.97
55,150 at 6.41%$345.33
55,150 at 6.42%$345.69
55,150 at 6.43%$346.05
55,150 at 6.44%$346.41
55,150 at 6.45%$346.77
55,150 at 6.46%$347.14
55,150 at 6.47%$347.50
55,150 at 6.48%$347.86
55,150 at 6.49%$348.22
55,150 at 6.5%$348.59
Interest Rate 30 Year
55,150 at 6.51%$348.95
55,150 at 6.52%$349.31
55,150 at 6.53%$349.67
55,150 at 6.54%$350.04
55,150 at 6.55%$350.40
55,150 at 6.56%$350.76
55,150 at 6.57%$351.13
55,150 at 6.58%$351.49
55,150 at 6.59%$351.86
55,150 at 6.6%$352.22
55,150 at 6.61%$352.58
55,150 at 6.62%$352.95
55,150 at 6.63%$353.31
55,150 at 6.64%$353.68
55,150 at 6.65%$354.04
55,150 at 6.66%$354.41
55,150 at 6.67%$354.77
55,150 at 6.68%$355.14
55,150 at 6.69%$355.51
55,150 at 6.7%$355.87
55,150 at 6.71%$356.24
55,150 at 6.72%$356.60
55,150 at 6.73%$356.97
55,150 at 6.74%$357.34
55,150 at 6.75%$357.70
55,150 at 6.76%$358.07
55,150 at 6.77%$358.44
55,150 at 6.78%$358.80
55,150 at 6.79%$359.17
55,150 at 6.8%$359.54
55,150 at 6.81%$359.90
55,150 at 6.82%$360.27
55,150 at 6.83%$360.64
55,150 at 6.84%$361.01
55,150 at 6.85%$361.38
55,150 at 6.86%$361.74
55,150 at 6.87%$362.11
55,150 at 6.88%$362.48
55,150 at 6.89%$362.85
55,150 at 6.9%$363.22
55,150 at 6.91%$363.59
55,150 at 6.92%$363.96
55,150 at 6.93%$364.33
55,150 at 6.94%$364.69
55,150 at 6.95%$365.06
55,150 at 6.96%$365.43
55,150 at 6.97%$365.80
55,150 at 6.98%$366.17
55,150 at 6.99%$366.54
55,150 at 7%$366.91
55,150 at 7.01%$367.28
55,150 at 7.02%$367.66
55,150 at 7.03%$368.03
55,150 at 7.04%$368.40
55,150 at 7.05%$368.77
55,150 at 7.06%$369.14
55,150 at 7.07%$369.51
55,150 at 7.08%$369.88
55,150 at 7.09%$370.25
55,150 at 7.1%$370.63
55,150 at 7.11%$371.00
55,150 at 7.12%$371.37
55,150 at 7.13%$371.74
55,150 at 7.14%$372.11
55,150 at 7.15%$372.49
55,150 at 7.16%$372.86
55,150 at 7.17%$373.23
55,150 at 7.18%$373.61
55,150 at 7.19%$373.98
55,150 at 7.2%$374.35
55,150 at 7.21%$374.73
55,150 at 7.22%$375.10
55,150 at 7.23%$375.47
55,150 at 7.24%$375.85
55,150 at 7.25%$376.22
55,150 at 7.26%$376.59
55,150 at 7.27%$376.97
55,150 at 7.28%$377.34
55,150 at 7.29%$377.72
55,150 at 7.3%$378.09
55,150 at 7.31%$378.47
55,150 at 7.32%$378.84
55,150 at 7.33%$379.22
55,150 at 7.34%$379.59
55,150 at 7.35%$379.97
55,150 at 7.36%$380.34
55,150 at 7.37%$380.72
55,150 at 7.38%$381.10
55,150 at 7.39%$381.47
55,150 at 7.4%$381.85
55,150 at 7.41%$382.22
55,150 at 7.42%$382.60
55,150 at 7.43%$382.98
55,150 at 7.44%$383.35
55,150 at 7.45%$383.73
55,150 at 7.46%$384.11
55,150 at 7.47%$384.48
55,150 at 7.48%$384.86
55,150 at 7.49%$385.24
55,150 at 7.5%$385.62
55,150 at 7.51%$385.99
55,150 at 7.52%$386.37
55,150 at 7.53%$386.75
55,150 at 7.54%$387.13
55,150 at 7.55%$387.51
55,150 at 7.56%$387.89
55,150 at 7.57%$388.26
55,150 at 7.58%$388.64
55,150 at 7.59%$389.02
55,150 at 7.6%$389.40
55,150 at 7.61%$389.78
55,150 at 7.62%$390.16
55,150 at 7.63%$390.54
55,150 at 7.64%$390.92
55,150 at 7.65%$391.30
55,150 at 7.66%$391.68
55,150 at 7.67%$392.06
55,150 at 7.68%$392.44
55,150 at 7.69%$392.82
55,150 at 7.7%$393.20
55,150 at 7.71%$393.58
55,150 at 7.72%$393.96
55,150 at 7.73%$394.34
55,150 at 7.74%$394.72
55,150 at 7.75%$395.10
55,150 at 7.76%$395.48
55,150 at 7.77%$395.86
55,150 at 7.78%$396.25
55,150 at 7.79%$396.63
55,150 at 7.8%$397.01
55,150 at 7.81%$397.39
55,150 at 7.82%$397.77
55,150 at 7.83%$398.15
55,150 at 7.84%$398.54
55,150 at 7.85%$398.92
55,150 at 7.86%$399.30
55,150 at 7.87%$399.68
55,150 at 7.88%$400.07
55,150 at 7.89%$400.45
55,150 at 7.9%$400.83
55,150 at 7.91%$401.22
55,150 at 7.92%$401.60
55,150 at 7.93%$401.98
55,150 at 7.94%$402.37
55,150 at 7.95%$402.75
55,150 at 7.96%$403.13
55,150 at 7.97%$403.52
55,150 at 7.98%$403.90
55,150 at 7.99%$404.29
55,150 at 8%$404.67
More Amounts
What is the down payment for a $55,150 house? How much do you need to put down?
Percent Down Down Payment
1%552
2%1,103
3%1,655
4%2,206
5%2,758
6%3,309
7%3,861
8%4,412
9%4,964
10%5,515
11%6,067
12%6,618
13%7,170
14%7,721
15%8,273
16%8,824
17%9,376
18%9,927
19%10,479
20%11,030
Percent Down Down Payment
21%11,582
22%12,133
23%12,685
24%13,236
25%13,788
26%14,339
27%14,891
28%15,442
29%15,994
30%16,545
31%17,097
32%17,648
33%18,200
34%18,751
35%19,303
36%19,854
37%20,406
38%20,957
39%21,509
40%22,060
Percent Down Down Payment
41%22,612
42%23,163
43%23,715
44%24,266
45%24,818
46%25,369
47%25,921
48%26,472
49%27,024
50%27,575
51%28,127
52%28,678
53%29,230
54%29,781
55%30,333
56%30,884
57%31,436
58%31,987
59%32,539
60%33,090
Percent Down Down Payment
61%33,642
62%34,193
63%34,745
64%35,296
65%35,848
66%36,399
67%36,951
68%37,502
69%38,054
70%38,605
71%39,157
72%39,708
73%40,260
74%40,811
75%41,363
76%41,914
77%42,466
78%43,017
79%43,569
80%44,120
Percent Down Down Payment
81%44,672
82%45,223
83%45,775
84%46,326
85%46,878
86%47,429
87%47,981
88%48,532
89%49,084
90%49,635
91%50,187
92%50,738
93%51,290
94%51,841
95%52,393
96%52,944
97%53,496
98%54,047
99%54,599
100%55,150
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.