$58,000 Mortgage for 30 Years

What is the monthly payment of a 58,000 dollar loan?
$
$
%
%
years
Loan Tables for a $58,000 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 58k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $58,000 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
58,000 at 2.01%$214.67
58,000 at 2.02%$214.96
58,000 at 2.03%$215.25
58,000 at 2.04%$215.54
58,000 at 2.05%$215.83
58,000 at 2.06%$216.12
58,000 at 2.07%$216.42
58,000 at 2.08%$216.71
58,000 at 2.09%$217.00
58,000 at 2.1%$217.29
58,000 at 2.11%$217.58
58,000 at 2.12%$217.88
58,000 at 2.13%$218.17
58,000 at 2.14%$218.46
58,000 at 2.15%$218.76
58,000 at 2.16%$219.05
58,000 at 2.17%$219.34
58,000 at 2.18%$219.64
58,000 at 2.19%$219.93
58,000 at 2.2%$220.23
58,000 at 2.21%$220.52
58,000 at 2.22%$220.82
58,000 at 2.23%$221.11
58,000 at 2.24%$221.41
58,000 at 2.25%$221.70
58,000 at 2.26%$222.00
58,000 at 2.27%$222.29
58,000 at 2.28%$222.59
58,000 at 2.29%$222.89
58,000 at 2.3%$223.18
58,000 at 2.31%$223.48
58,000 at 2.32%$223.78
58,000 at 2.33%$224.08
58,000 at 2.34%$224.37
58,000 at 2.35%$224.67
58,000 at 2.36%$224.97
58,000 at 2.37%$225.27
58,000 at 2.38%$225.57
58,000 at 2.39%$225.87
58,000 at 2.4%$226.17
58,000 at 2.41%$226.47
58,000 at 2.42%$226.76
58,000 at 2.43%$227.06
58,000 at 2.44%$227.36
58,000 at 2.45%$227.67
58,000 at 2.46%$227.97
58,000 at 2.47%$228.27
58,000 at 2.48%$228.57
58,000 at 2.49%$228.87
58,000 at 2.5%$229.17
58,000 at 2.51%$229.47
58,000 at 2.52%$229.77
58,000 at 2.53%$230.08
58,000 at 2.54%$230.38
58,000 at 2.55%$230.68
58,000 at 2.56%$230.98
58,000 at 2.57%$231.29
58,000 at 2.58%$231.59
58,000 at 2.59%$231.89
58,000 at 2.6%$232.20
58,000 at 2.61%$232.50
58,000 at 2.62%$232.81
58,000 at 2.63%$233.11
58,000 at 2.64%$233.41
58,000 at 2.65%$233.72
58,000 at 2.66%$234.02
58,000 at 2.67%$234.33
58,000 at 2.68%$234.63
58,000 at 2.69%$234.94
58,000 at 2.7%$235.25
58,000 at 2.71%$235.55
58,000 at 2.72%$235.86
58,000 at 2.73%$236.17
58,000 at 2.74%$236.47
58,000 at 2.75%$236.78
58,000 at 2.76%$237.09
58,000 at 2.77%$237.39
58,000 at 2.78%$237.70
58,000 at 2.79%$238.01
58,000 at 2.8%$238.32
58,000 at 2.81%$238.63
58,000 at 2.82%$238.94
58,000 at 2.83%$239.24
58,000 at 2.84%$239.55
58,000 at 2.85%$239.86
58,000 at 2.86%$240.17
58,000 at 2.87%$240.48
58,000 at 2.88%$240.79
58,000 at 2.89%$241.10
58,000 at 2.9%$241.41
58,000 at 2.91%$241.72
58,000 at 2.92%$242.03
58,000 at 2.93%$242.35
58,000 at 2.94%$242.66
58,000 at 2.95%$242.97
58,000 at 2.96%$243.28
58,000 at 2.97%$243.59
58,000 at 2.98%$243.91
58,000 at 2.99%$244.22
58,000 at 3%$244.53
58,000 at 3.01%$244.84
58,000 at 3.02%$245.16
58,000 at 3.03%$245.47
58,000 at 3.04%$245.78
58,000 at 3.05%$246.10
58,000 at 3.06%$246.41
58,000 at 3.07%$246.73
58,000 at 3.08%$247.04
58,000 at 3.09%$247.35
58,000 at 3.1%$247.67
58,000 at 3.11%$247.98
58,000 at 3.12%$248.30
58,000 at 3.13%$248.62
58,000 at 3.14%$248.93
58,000 at 3.15%$249.25
58,000 at 3.16%$249.56
58,000 at 3.17%$249.88
58,000 at 3.18%$250.20
58,000 at 3.19%$250.51
58,000 at 3.2%$250.83
58,000 at 3.21%$251.15
58,000 at 3.22%$251.47
58,000 at 3.23%$251.78
58,000 at 3.24%$252.10
58,000 at 3.25%$252.42
58,000 at 3.26%$252.74
58,000 at 3.27%$253.06
58,000 at 3.28%$253.38
58,000 at 3.29%$253.69
58,000 at 3.3%$254.01
58,000 at 3.31%$254.33
58,000 at 3.32%$254.65
58,000 at 3.33%$254.97
58,000 at 3.34%$255.29
58,000 at 3.35%$255.61
58,000 at 3.36%$255.93
58,000 at 3.37%$256.26
58,000 at 3.38%$256.58
58,000 at 3.39%$256.90
58,000 at 3.4%$257.22
58,000 at 3.41%$257.54
58,000 at 3.42%$257.86
58,000 at 3.43%$258.18
58,000 at 3.44%$258.51
58,000 at 3.45%$258.83
58,000 at 3.46%$259.15
58,000 at 3.47%$259.48
58,000 at 3.48%$259.80
58,000 at 3.49%$260.12
58,000 at 3.5%$260.45
Interest Rate 30 Year
58,000 at 3.51%$260.77
58,000 at 3.52%$261.09
58,000 at 3.53%$261.42
58,000 at 3.54%$261.74
58,000 at 3.55%$262.07
58,000 at 3.56%$262.39
58,000 at 3.57%$262.72
58,000 at 3.58%$263.04
58,000 at 3.59%$263.37
58,000 at 3.6%$263.69
58,000 at 3.61%$264.02
58,000 at 3.62%$264.35
58,000 at 3.63%$264.67
58,000 at 3.64%$265.00
58,000 at 3.65%$265.33
58,000 at 3.66%$265.65
58,000 at 3.67%$265.98
58,000 at 3.68%$266.31
58,000 at 3.69%$266.64
58,000 at 3.7%$266.96
58,000 at 3.71%$267.29
58,000 at 3.72%$267.62
58,000 at 3.73%$267.95
58,000 at 3.74%$268.28
58,000 at 3.75%$268.61
58,000 at 3.76%$268.94
58,000 at 3.77%$269.27
58,000 at 3.78%$269.60
58,000 at 3.79%$269.93
58,000 at 3.8%$270.26
58,000 at 3.81%$270.59
58,000 at 3.82%$270.92
58,000 at 3.83%$271.25
58,000 at 3.84%$271.58
58,000 at 3.85%$271.91
58,000 at 3.86%$272.24
58,000 at 3.87%$272.57
58,000 at 3.88%$272.90
58,000 at 3.89%$273.24
58,000 at 3.9%$273.57
58,000 at 3.91%$273.90
58,000 at 3.92%$274.23
58,000 at 3.93%$274.57
58,000 at 3.94%$274.90
58,000 at 3.95%$275.23
58,000 at 3.96%$275.57
58,000 at 3.97%$275.90
58,000 at 3.98%$276.23
58,000 at 3.99%$276.57
58,000 at 4%$276.90
58,000 at 4.01%$277.24
58,000 at 4.02%$277.57
58,000 at 4.03%$277.90
58,000 at 4.04%$278.24
58,000 at 4.05%$278.58
58,000 at 4.06%$278.91
58,000 at 4.07%$279.25
58,000 at 4.08%$279.58
58,000 at 4.09%$279.92
58,000 at 4.1%$280.26
58,000 at 4.11%$280.59
58,000 at 4.12%$280.93
58,000 at 4.13%$281.27
58,000 at 4.14%$281.60
58,000 at 4.15%$281.94
58,000 at 4.16%$282.28
58,000 at 4.17%$282.62
58,000 at 4.18%$282.95
58,000 at 4.19%$283.29
58,000 at 4.2%$283.63
58,000 at 4.21%$283.97
58,000 at 4.22%$284.31
58,000 at 4.23%$284.65
58,000 at 4.24%$284.99
58,000 at 4.25%$285.33
58,000 at 4.26%$285.66
58,000 at 4.27%$286.00
58,000 at 4.28%$286.34
58,000 at 4.29%$286.68
58,000 at 4.3%$287.03
58,000 at 4.31%$287.37
58,000 at 4.32%$287.71
58,000 at 4.33%$288.05
58,000 at 4.34%$288.39
58,000 at 4.35%$288.73
58,000 at 4.36%$289.07
58,000 at 4.37%$289.41
58,000 at 4.38%$289.76
58,000 at 4.39%$290.10
58,000 at 4.4%$290.44
58,000 at 4.41%$290.78
58,000 at 4.42%$291.13
58,000 at 4.43%$291.47
58,000 at 4.44%$291.81
58,000 at 4.45%$292.16
58,000 at 4.46%$292.50
58,000 at 4.47%$292.84
58,000 at 4.48%$293.19
58,000 at 4.49%$293.53
58,000 at 4.5%$293.88
58,000 at 4.51%$294.22
58,000 at 4.52%$294.57
58,000 at 4.53%$294.91
58,000 at 4.54%$295.26
58,000 at 4.55%$295.60
58,000 at 4.56%$295.95
58,000 at 4.57%$296.29
58,000 at 4.58%$296.64
58,000 at 4.59%$296.99
58,000 at 4.6%$297.33
58,000 at 4.61%$297.68
58,000 at 4.62%$298.03
58,000 at 4.63%$298.37
58,000 at 4.64%$298.72
58,000 at 4.65%$299.07
58,000 at 4.66%$299.42
58,000 at 4.67%$299.76
58,000 at 4.68%$300.11
58,000 at 4.69%$300.46
58,000 at 4.7%$300.81
58,000 at 4.71%$301.16
58,000 at 4.72%$301.51
58,000 at 4.73%$301.86
58,000 at 4.74%$302.21
58,000 at 4.75%$302.56
58,000 at 4.76%$302.91
58,000 at 4.77%$303.26
58,000 at 4.78%$303.61
58,000 at 4.79%$303.96
58,000 at 4.8%$304.31
58,000 at 4.81%$304.66
58,000 at 4.82%$305.01
58,000 at 4.83%$305.36
58,000 at 4.84%$305.71
58,000 at 4.85%$306.06
58,000 at 4.86%$306.41
58,000 at 4.87%$306.76
58,000 at 4.88%$307.12
58,000 at 4.89%$307.47
58,000 at 4.9%$307.82
58,000 at 4.91%$308.17
58,000 at 4.92%$308.53
58,000 at 4.93%$308.88
58,000 at 4.94%$309.23
58,000 at 4.95%$309.59
58,000 at 4.96%$309.94
58,000 at 4.97%$310.29
58,000 at 4.98%$310.65
58,000 at 4.99%$311.00
58,000 at 5%$311.36
Interest Rate 30 Year
58,000 at 5.01%$311.71
58,000 at 5.02%$312.07
58,000 at 5.03%$312.42
58,000 at 5.04%$312.78
58,000 at 5.05%$313.13
58,000 at 5.06%$313.49
58,000 at 5.07%$313.84
58,000 at 5.08%$314.20
58,000 at 5.09%$314.55
58,000 at 5.1%$314.91
58,000 at 5.11%$315.27
58,000 at 5.12%$315.62
58,000 at 5.13%$315.98
58,000 at 5.14%$316.34
58,000 at 5.15%$316.70
58,000 at 5.16%$317.05
58,000 at 5.17%$317.41
58,000 at 5.18%$317.77
58,000 at 5.19%$318.13
58,000 at 5.2%$318.48
58,000 at 5.21%$318.84
58,000 at 5.22%$319.20
58,000 at 5.23%$319.56
58,000 at 5.24%$319.92
58,000 at 5.25%$320.28
58,000 at 5.26%$320.64
58,000 at 5.27%$321.00
58,000 at 5.28%$321.36
58,000 at 5.29%$321.72
58,000 at 5.3%$322.08
58,000 at 5.31%$322.44
58,000 at 5.32%$322.80
58,000 at 5.33%$323.16
58,000 at 5.34%$323.52
58,000 at 5.35%$323.88
58,000 at 5.36%$324.24
58,000 at 5.37%$324.60
58,000 at 5.38%$324.96
58,000 at 5.39%$325.33
58,000 at 5.4%$325.69
58,000 at 5.41%$326.05
58,000 at 5.42%$326.41
58,000 at 5.43%$326.77
58,000 at 5.44%$327.14
58,000 at 5.45%$327.50
58,000 at 5.46%$327.86
58,000 at 5.47%$328.23
58,000 at 5.48%$328.59
58,000 at 5.49%$328.95
58,000 at 5.5%$329.32
58,000 at 5.51%$329.68
58,000 at 5.52%$330.05
58,000 at 5.53%$330.41
58,000 at 5.54%$330.77
58,000 at 5.55%$331.14
58,000 at 5.56%$331.50
58,000 at 5.57%$331.87
58,000 at 5.58%$332.23
58,000 at 5.59%$332.60
58,000 at 5.6%$332.97
58,000 at 5.61%$333.33
58,000 at 5.62%$333.70
58,000 at 5.63%$334.06
58,000 at 5.64%$334.43
58,000 at 5.65%$334.80
58,000 at 5.66%$335.16
58,000 at 5.67%$335.53
58,000 at 5.68%$335.90
58,000 at 5.69%$336.26
58,000 at 5.7%$336.63
58,000 at 5.71%$337.00
58,000 at 5.72%$337.37
58,000 at 5.73%$337.74
58,000 at 5.74%$338.10
58,000 at 5.75%$338.47
58,000 at 5.76%$338.84
58,000 at 5.77%$339.21
58,000 at 5.78%$339.58
58,000 at 5.79%$339.95
58,000 at 5.8%$340.32
58,000 at 5.81%$340.69
58,000 at 5.82%$341.06
58,000 at 5.83%$341.43
58,000 at 5.84%$341.80
58,000 at 5.85%$342.17
58,000 at 5.86%$342.54
58,000 at 5.87%$342.91
58,000 at 5.88%$343.28
58,000 at 5.89%$343.65
58,000 at 5.9%$344.02
58,000 at 5.91%$344.39
58,000 at 5.92%$344.76
58,000 at 5.93%$345.13
58,000 at 5.94%$345.51
58,000 at 5.95%$345.88
58,000 at 5.96%$346.25
58,000 at 5.97%$346.62
58,000 at 5.98%$346.99
58,000 at 5.99%$347.37
58,000 at 6%$347.74
58,000 at 6.01%$348.11
58,000 at 6.02%$348.49
58,000 at 6.03%$348.86
58,000 at 6.04%$349.23
58,000 at 6.05%$349.61
58,000 at 6.06%$349.98
58,000 at 6.07%$350.35
58,000 at 6.08%$350.73
58,000 at 6.09%$351.10
58,000 at 6.1%$351.48
58,000 at 6.11%$351.85
58,000 at 6.12%$352.23
58,000 at 6.13%$352.60
58,000 at 6.14%$352.98
58,000 at 6.15%$353.35
58,000 at 6.16%$353.73
58,000 at 6.17%$354.10
58,000 at 6.18%$354.48
58,000 at 6.19%$354.86
58,000 at 6.2%$355.23
58,000 at 6.21%$355.61
58,000 at 6.22%$355.99
58,000 at 6.23%$356.36
58,000 at 6.24%$356.74
58,000 at 6.25%$357.12
58,000 at 6.26%$357.49
58,000 at 6.27%$357.87
58,000 at 6.28%$358.25
58,000 at 6.29%$358.63
58,000 at 6.3%$359.00
58,000 at 6.31%$359.38
58,000 at 6.32%$359.76
58,000 at 6.33%$360.14
58,000 at 6.34%$360.52
58,000 at 6.35%$360.90
58,000 at 6.36%$361.28
58,000 at 6.37%$361.65
58,000 at 6.38%$362.03
58,000 at 6.39%$362.41
58,000 at 6.4%$362.79
58,000 at 6.41%$363.17
58,000 at 6.42%$363.55
58,000 at 6.43%$363.93
58,000 at 6.44%$364.31
58,000 at 6.45%$364.69
58,000 at 6.46%$365.08
58,000 at 6.47%$365.46
58,000 at 6.48%$365.84
58,000 at 6.49%$366.22
58,000 at 6.5%$366.60
Interest Rate 30 Year
58,000 at 6.51%$366.98
58,000 at 6.52%$367.36
58,000 at 6.53%$367.74
58,000 at 6.54%$368.13
58,000 at 6.55%$368.51
58,000 at 6.56%$368.89
58,000 at 6.57%$369.27
58,000 at 6.58%$369.66
58,000 at 6.59%$370.04
58,000 at 6.6%$370.42
58,000 at 6.61%$370.81
58,000 at 6.62%$371.19
58,000 at 6.63%$371.57
58,000 at 6.64%$371.96
58,000 at 6.65%$372.34
58,000 at 6.66%$372.72
58,000 at 6.67%$373.11
58,000 at 6.68%$373.49
58,000 at 6.69%$373.88
58,000 at 6.7%$374.26
58,000 at 6.71%$374.65
58,000 at 6.72%$375.03
58,000 at 6.73%$375.42
58,000 at 6.74%$375.80
58,000 at 6.75%$376.19
58,000 at 6.76%$376.57
58,000 at 6.77%$376.96
58,000 at 6.78%$377.34
58,000 at 6.79%$377.73
58,000 at 6.8%$378.12
58,000 at 6.81%$378.50
58,000 at 6.82%$378.89
58,000 at 6.83%$379.28
58,000 at 6.84%$379.66
58,000 at 6.85%$380.05
58,000 at 6.86%$380.44
58,000 at 6.87%$380.82
58,000 at 6.88%$381.21
58,000 at 6.89%$381.60
58,000 at 6.9%$381.99
58,000 at 6.91%$382.38
58,000 at 6.92%$382.76
58,000 at 6.93%$383.15
58,000 at 6.94%$383.54
58,000 at 6.95%$383.93
58,000 at 6.96%$384.32
58,000 at 6.97%$384.71
58,000 at 6.98%$385.10
58,000 at 6.99%$385.49
58,000 at 7%$385.88
58,000 at 7.01%$386.27
58,000 at 7.02%$386.65
58,000 at 7.03%$387.04
58,000 at 7.04%$387.43
58,000 at 7.05%$387.83
58,000 at 7.06%$388.22
58,000 at 7.07%$388.61
58,000 at 7.08%$389.00
58,000 at 7.09%$389.39
58,000 at 7.1%$389.78
58,000 at 7.11%$390.17
58,000 at 7.12%$390.56
58,000 at 7.13%$390.95
58,000 at 7.14%$391.34
58,000 at 7.15%$391.74
58,000 at 7.16%$392.13
58,000 at 7.17%$392.52
58,000 at 7.18%$392.91
58,000 at 7.19%$393.30
58,000 at 7.2%$393.70
58,000 at 7.21%$394.09
58,000 at 7.22%$394.48
58,000 at 7.23%$394.88
58,000 at 7.24%$395.27
58,000 at 7.25%$395.66
58,000 at 7.26%$396.06
58,000 at 7.27%$396.45
58,000 at 7.28%$396.84
58,000 at 7.29%$397.24
58,000 at 7.3%$397.63
58,000 at 7.31%$398.03
58,000 at 7.32%$398.42
58,000 at 7.33%$398.81
58,000 at 7.34%$399.21
58,000 at 7.35%$399.60
58,000 at 7.36%$400.00
58,000 at 7.37%$400.39
58,000 at 7.38%$400.79
58,000 at 7.39%$401.18
58,000 at 7.4%$401.58
58,000 at 7.41%$401.98
58,000 at 7.42%$402.37
58,000 at 7.43%$402.77
58,000 at 7.44%$403.16
58,000 at 7.45%$403.56
58,000 at 7.46%$403.96
58,000 at 7.47%$404.35
58,000 at 7.48%$404.75
58,000 at 7.49%$405.15
58,000 at 7.5%$405.54
58,000 at 7.51%$405.94
58,000 at 7.52%$406.34
58,000 at 7.53%$406.74
58,000 at 7.54%$407.13
58,000 at 7.55%$407.53
58,000 at 7.56%$407.93
58,000 at 7.57%$408.33
58,000 at 7.58%$408.73
58,000 at 7.59%$409.12
58,000 at 7.6%$409.52
58,000 at 7.61%$409.92
58,000 at 7.62%$410.32
58,000 at 7.63%$410.72
58,000 at 7.64%$411.12
58,000 at 7.65%$411.52
58,000 at 7.66%$411.92
58,000 at 7.67%$412.32
58,000 at 7.68%$412.72
58,000 at 7.69%$413.12
58,000 at 7.7%$413.52
58,000 at 7.71%$413.92
58,000 at 7.72%$414.32
58,000 at 7.73%$414.72
58,000 at 7.74%$415.12
58,000 at 7.75%$415.52
58,000 at 7.76%$415.92
58,000 at 7.77%$416.32
58,000 at 7.78%$416.72
58,000 at 7.79%$417.12
58,000 at 7.8%$417.52
58,000 at 7.81%$417.93
58,000 at 7.82%$418.33
58,000 at 7.83%$418.73
58,000 at 7.84%$419.13
58,000 at 7.85%$419.53
58,000 at 7.86%$419.94
58,000 at 7.87%$420.34
58,000 at 7.88%$420.74
58,000 at 7.89%$421.14
58,000 at 7.9%$421.55
58,000 at 7.91%$421.95
58,000 at 7.92%$422.35
58,000 at 7.93%$422.76
58,000 at 7.94%$423.16
58,000 at 7.95%$423.56
58,000 at 7.96%$423.97
58,000 at 7.97%$424.37
58,000 at 7.98%$424.78
58,000 at 7.99%$425.18
58,000 at 8%$425.58
More Amounts
What is the down payment for a $58,000 house? How much do you need to put down?
Percent Down Down Payment
1%580
2%1,160
3%1,740
4%2,320
5%2,900
6%3,480
7%4,060
8%4,640
9%5,220
10%5,800
11%6,380
12%6,960
13%7,540
14%8,120
15%8,700
16%9,280
17%9,860
18%10,440
19%11,020
20%11,600
Percent Down Down Payment
21%12,180
22%12,760
23%13,340
24%13,920
25%14,500
26%15,080
27%15,660
28%16,240
29%16,820
30%17,400
31%17,980
32%18,560
33%19,140
34%19,720
35%20,300
36%20,880
37%21,460
38%22,040
39%22,620
40%23,200
Percent Down Down Payment
41%23,780
42%24,360
43%24,940
44%25,520
45%26,100
46%26,680
47%27,260
48%27,840
49%28,420
50%29,000
51%29,580
52%30,160
53%30,740
54%31,320
55%31,900
56%32,480
57%33,060
58%33,640
59%34,220
60%34,800
Percent Down Down Payment
61%35,380
62%35,960
63%36,540
64%37,120
65%37,700
66%38,280
67%38,860
68%39,440
69%40,020
70%40,600
71%41,180
72%41,760
73%42,340
74%42,920
75%43,500
76%44,080
77%44,660
78%45,240
79%45,820
80%46,400
Percent Down Down Payment
81%46,980
82%47,560
83%48,140
84%48,720
85%49,300
86%49,880
87%50,460
88%51,040
89%51,620
90%52,200
91%52,780
92%53,360
93%53,940
94%54,520
95%55,100
96%55,680
97%56,260
98%56,840
99%57,420
100%58,000
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.