$63,250 Mortgage for 30 Years

What is the monthly payment of a 63,250 dollar loan?
$
$
%
%
years
Loan Tables for a $63,250 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 63k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $63,250 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
63,250 at 2.01%$234.10
63,250 at 2.02%$234.42
63,250 at 2.03%$234.73
63,250 at 2.04%$235.05
63,250 at 2.05%$235.37
63,250 at 2.06%$235.69
63,250 at 2.07%$236.00
63,250 at 2.08%$236.32
63,250 at 2.09%$236.64
63,250 at 2.1%$236.96
63,250 at 2.11%$237.28
63,250 at 2.12%$237.60
63,250 at 2.13%$237.92
63,250 at 2.14%$238.24
63,250 at 2.15%$238.56
63,250 at 2.16%$238.88
63,250 at 2.17%$239.20
63,250 at 2.18%$239.52
63,250 at 2.19%$239.84
63,250 at 2.2%$240.16
63,250 at 2.21%$240.48
63,250 at 2.22%$240.80
63,250 at 2.23%$241.13
63,250 at 2.24%$241.45
63,250 at 2.25%$241.77
63,250 at 2.26%$242.09
63,250 at 2.27%$242.42
63,250 at 2.28%$242.74
63,250 at 2.29%$243.06
63,250 at 2.3%$243.39
63,250 at 2.31%$243.71
63,250 at 2.32%$244.04
63,250 at 2.33%$244.36
63,250 at 2.34%$244.68
63,250 at 2.35%$245.01
63,250 at 2.36%$245.33
63,250 at 2.37%$245.66
63,250 at 2.38%$245.99
63,250 at 2.39%$246.31
63,250 at 2.4%$246.64
63,250 at 2.41%$246.96
63,250 at 2.42%$247.29
63,250 at 2.43%$247.62
63,250 at 2.44%$247.95
63,250 at 2.45%$248.27
63,250 at 2.46%$248.60
63,250 at 2.47%$248.93
63,250 at 2.48%$249.26
63,250 at 2.49%$249.59
63,250 at 2.5%$249.91
63,250 at 2.51%$250.24
63,250 at 2.52%$250.57
63,250 at 2.53%$250.90
63,250 at 2.54%$251.23
63,250 at 2.55%$251.56
63,250 at 2.56%$251.89
63,250 at 2.57%$252.22
63,250 at 2.58%$252.55
63,250 at 2.59%$252.88
63,250 at 2.6%$253.21
63,250 at 2.61%$253.55
63,250 at 2.62%$253.88
63,250 at 2.63%$254.21
63,250 at 2.64%$254.54
63,250 at 2.65%$254.87
63,250 at 2.66%$255.21
63,250 at 2.67%$255.54
63,250 at 2.68%$255.87
63,250 at 2.69%$256.21
63,250 at 2.7%$256.54
63,250 at 2.71%$256.87
63,250 at 2.72%$257.21
63,250 at 2.73%$257.54
63,250 at 2.74%$257.88
63,250 at 2.75%$258.21
63,250 at 2.76%$258.55
63,250 at 2.77%$258.88
63,250 at 2.78%$259.22
63,250 at 2.79%$259.55
63,250 at 2.8%$259.89
63,250 at 2.81%$260.23
63,250 at 2.82%$260.56
63,250 at 2.83%$260.90
63,250 at 2.84%$261.24
63,250 at 2.85%$261.58
63,250 at 2.86%$261.91
63,250 at 2.87%$262.25
63,250 at 2.88%$262.59
63,250 at 2.89%$262.93
63,250 at 2.9%$263.27
63,250 at 2.91%$263.60
63,250 at 2.92%$263.94
63,250 at 2.93%$264.28
63,250 at 2.94%$264.62
63,250 at 2.95%$264.96
63,250 at 2.96%$265.30
63,250 at 2.97%$265.64
63,250 at 2.98%$265.98
63,250 at 2.99%$266.32
63,250 at 3%$266.66
63,250 at 3.01%$267.01
63,250 at 3.02%$267.35
63,250 at 3.03%$267.69
63,250 at 3.04%$268.03
63,250 at 3.05%$268.37
63,250 at 3.06%$268.72
63,250 at 3.07%$269.06
63,250 at 3.08%$269.40
63,250 at 3.09%$269.74
63,250 at 3.1%$270.09
63,250 at 3.11%$270.43
63,250 at 3.12%$270.78
63,250 at 3.13%$271.12
63,250 at 3.14%$271.46
63,250 at 3.15%$271.81
63,250 at 3.16%$272.15
63,250 at 3.17%$272.50
63,250 at 3.18%$272.84
63,250 at 3.19%$273.19
63,250 at 3.2%$273.54
63,250 at 3.21%$273.88
63,250 at 3.22%$274.23
63,250 at 3.23%$274.57
63,250 at 3.24%$274.92
63,250 at 3.25%$275.27
63,250 at 3.26%$275.62
63,250 at 3.27%$275.96
63,250 at 3.28%$276.31
63,250 at 3.29%$276.66
63,250 at 3.3%$277.01
63,250 at 3.31%$277.36
63,250 at 3.32%$277.70
63,250 at 3.33%$278.05
63,250 at 3.34%$278.40
63,250 at 3.35%$278.75
63,250 at 3.36%$279.10
63,250 at 3.37%$279.45
63,250 at 3.38%$279.80
63,250 at 3.39%$280.15
63,250 at 3.4%$280.50
63,250 at 3.41%$280.85
63,250 at 3.42%$281.20
63,250 at 3.43%$281.56
63,250 at 3.44%$281.91
63,250 at 3.45%$282.26
63,250 at 3.46%$282.61
63,250 at 3.47%$282.96
63,250 at 3.48%$283.32
63,250 at 3.49%$283.67
63,250 at 3.5%$284.02
Interest Rate 30 Year
63,250 at 3.51%$284.37
63,250 at 3.52%$284.73
63,250 at 3.53%$285.08
63,250 at 3.54%$285.43
63,250 at 3.55%$285.79
63,250 at 3.56%$286.14
63,250 at 3.57%$286.50
63,250 at 3.58%$286.85
63,250 at 3.59%$287.21
63,250 at 3.6%$287.56
63,250 at 3.61%$287.92
63,250 at 3.62%$288.27
63,250 at 3.63%$288.63
63,250 at 3.64%$288.99
63,250 at 3.65%$289.34
63,250 at 3.66%$289.70
63,250 at 3.67%$290.06
63,250 at 3.68%$290.41
63,250 at 3.69%$290.77
63,250 at 3.7%$291.13
63,250 at 3.71%$291.49
63,250 at 3.72%$291.84
63,250 at 3.73%$292.20
63,250 at 3.74%$292.56
63,250 at 3.75%$292.92
63,250 at 3.76%$293.28
63,250 at 3.77%$293.64
63,250 at 3.78%$294.00
63,250 at 3.79%$294.36
63,250 at 3.8%$294.72
63,250 at 3.81%$295.08
63,250 at 3.82%$295.44
63,250 at 3.83%$295.80
63,250 at 3.84%$296.16
63,250 at 3.85%$296.52
63,250 at 3.86%$296.88
63,250 at 3.87%$297.24
63,250 at 3.88%$297.61
63,250 at 3.89%$297.97
63,250 at 3.9%$298.33
63,250 at 3.91%$298.69
63,250 at 3.92%$299.06
63,250 at 3.93%$299.42
63,250 at 3.94%$299.78
63,250 at 3.95%$300.14
63,250 at 3.96%$300.51
63,250 at 3.97%$300.87
63,250 at 3.98%$301.24
63,250 at 3.99%$301.60
63,250 at 4%$301.97
63,250 at 4.01%$302.33
63,250 at 4.02%$302.69
63,250 at 4.03%$303.06
63,250 at 4.04%$303.43
63,250 at 4.05%$303.79
63,250 at 4.06%$304.16
63,250 at 4.07%$304.52
63,250 at 4.08%$304.89
63,250 at 4.09%$305.26
63,250 at 4.1%$305.62
63,250 at 4.11%$305.99
63,250 at 4.12%$306.36
63,250 at 4.13%$306.72
63,250 at 4.14%$307.09
63,250 at 4.15%$307.46
63,250 at 4.16%$307.83
63,250 at 4.17%$308.20
63,250 at 4.18%$308.57
63,250 at 4.19%$308.93
63,250 at 4.2%$309.30
63,250 at 4.21%$309.67
63,250 at 4.22%$310.04
63,250 at 4.23%$310.41
63,250 at 4.24%$310.78
63,250 at 4.25%$311.15
63,250 at 4.26%$311.52
63,250 at 4.27%$311.89
63,250 at 4.28%$312.26
63,250 at 4.29%$312.63
63,250 at 4.3%$313.01
63,250 at 4.31%$313.38
63,250 at 4.32%$313.75
63,250 at 4.33%$314.12
63,250 at 4.34%$314.49
63,250 at 4.35%$314.87
63,250 at 4.36%$315.24
63,250 at 4.37%$315.61
63,250 at 4.38%$315.98
63,250 at 4.39%$316.36
63,250 at 4.4%$316.73
63,250 at 4.41%$317.11
63,250 at 4.42%$317.48
63,250 at 4.43%$317.85
63,250 at 4.44%$318.23
63,250 at 4.45%$318.60
63,250 at 4.46%$318.98
63,250 at 4.47%$319.35
63,250 at 4.48%$319.73
63,250 at 4.49%$320.10
63,250 at 4.5%$320.48
63,250 at 4.51%$320.85
63,250 at 4.52%$321.23
63,250 at 4.53%$321.61
63,250 at 4.54%$321.98
63,250 at 4.55%$322.36
63,250 at 4.56%$322.74
63,250 at 4.57%$323.11
63,250 at 4.58%$323.49
63,250 at 4.59%$323.87
63,250 at 4.6%$324.25
63,250 at 4.61%$324.63
63,250 at 4.62%$325.00
63,250 at 4.63%$325.38
63,250 at 4.64%$325.76
63,250 at 4.65%$326.14
63,250 at 4.66%$326.52
63,250 at 4.67%$326.90
63,250 at 4.68%$327.28
63,250 at 4.69%$327.66
63,250 at 4.7%$328.04
63,250 at 4.71%$328.42
63,250 at 4.72%$328.80
63,250 at 4.73%$329.18
63,250 at 4.74%$329.56
63,250 at 4.75%$329.94
63,250 at 4.76%$330.32
63,250 at 4.77%$330.70
63,250 at 4.78%$331.09
63,250 at 4.79%$331.47
63,250 at 4.8%$331.85
63,250 at 4.81%$332.23
63,250 at 4.82%$332.62
63,250 at 4.83%$333.00
63,250 at 4.84%$333.38
63,250 at 4.85%$333.77
63,250 at 4.86%$334.15
63,250 at 4.87%$334.53
63,250 at 4.88%$334.92
63,250 at 4.89%$335.30
63,250 at 4.9%$335.68
63,250 at 4.91%$336.07
63,250 at 4.92%$336.45
63,250 at 4.93%$336.84
63,250 at 4.94%$337.22
63,250 at 4.95%$337.61
63,250 at 4.96%$338.00
63,250 at 4.97%$338.38
63,250 at 4.98%$338.77
63,250 at 4.99%$339.15
63,250 at 5%$339.54
Interest Rate 30 Year
63,250 at 5.01%$339.93
63,250 at 5.02%$340.31
63,250 at 5.03%$340.70
63,250 at 5.04%$341.09
63,250 at 5.05%$341.48
63,250 at 5.06%$341.86
63,250 at 5.07%$342.25
63,250 at 5.08%$342.64
63,250 at 5.09%$343.03
63,250 at 5.1%$343.42
63,250 at 5.11%$343.80
63,250 at 5.12%$344.19
63,250 at 5.13%$344.58
63,250 at 5.14%$344.97
63,250 at 5.15%$345.36
63,250 at 5.16%$345.75
63,250 at 5.17%$346.14
63,250 at 5.18%$346.53
63,250 at 5.19%$346.92
63,250 at 5.2%$347.31
63,250 at 5.21%$347.70
63,250 at 5.22%$348.09
63,250 at 5.23%$348.49
63,250 at 5.24%$348.88
63,250 at 5.25%$349.27
63,250 at 5.26%$349.66
63,250 at 5.27%$350.05
63,250 at 5.28%$350.45
63,250 at 5.29%$350.84
63,250 at 5.3%$351.23
63,250 at 5.31%$351.62
63,250 at 5.32%$352.02
63,250 at 5.33%$352.41
63,250 at 5.34%$352.80
63,250 at 5.35%$353.20
63,250 at 5.36%$353.59
63,250 at 5.37%$353.98
63,250 at 5.38%$354.38
63,250 at 5.39%$354.77
63,250 at 5.4%$355.17
63,250 at 5.41%$355.56
63,250 at 5.42%$355.96
63,250 at 5.43%$356.35
63,250 at 5.44%$356.75
63,250 at 5.45%$357.14
63,250 at 5.46%$357.54
63,250 at 5.47%$357.94
63,250 at 5.48%$358.33
63,250 at 5.49%$358.73
63,250 at 5.5%$359.13
63,250 at 5.51%$359.52
63,250 at 5.52%$359.92
63,250 at 5.53%$360.32
63,250 at 5.54%$360.72
63,250 at 5.55%$361.11
63,250 at 5.56%$361.51
63,250 at 5.57%$361.91
63,250 at 5.58%$362.31
63,250 at 5.59%$362.71
63,250 at 5.6%$363.10
63,250 at 5.61%$363.50
63,250 at 5.62%$363.90
63,250 at 5.63%$364.30
63,250 at 5.64%$364.70
63,250 at 5.65%$365.10
63,250 at 5.66%$365.50
63,250 at 5.67%$365.90
63,250 at 5.68%$366.30
63,250 at 5.69%$366.70
63,250 at 5.7%$367.10
63,250 at 5.71%$367.50
63,250 at 5.72%$367.91
63,250 at 5.73%$368.31
63,250 at 5.74%$368.71
63,250 at 5.75%$369.11
63,250 at 5.76%$369.51
63,250 at 5.77%$369.91
63,250 at 5.78%$370.32
63,250 at 5.79%$370.72
63,250 at 5.8%$371.12
63,250 at 5.81%$371.52
63,250 at 5.82%$371.93
63,250 at 5.83%$372.33
63,250 at 5.84%$372.73
63,250 at 5.85%$373.14
63,250 at 5.86%$373.54
63,250 at 5.87%$373.95
63,250 at 5.88%$374.35
63,250 at 5.89%$374.75
63,250 at 5.9%$375.16
63,250 at 5.91%$375.56
63,250 at 5.92%$375.97
63,250 at 5.93%$376.37
63,250 at 5.94%$376.78
63,250 at 5.95%$377.18
63,250 at 5.96%$377.59
63,250 at 5.97%$378.00
63,250 at 5.98%$378.40
63,250 at 5.99%$378.81
63,250 at 6%$379.22
63,250 at 6.01%$379.62
63,250 at 6.02%$380.03
63,250 at 6.03%$380.44
63,250 at 6.04%$380.84
63,250 at 6.05%$381.25
63,250 at 6.06%$381.66
63,250 at 6.07%$382.07
63,250 at 6.08%$382.47
63,250 at 6.09%$382.88
63,250 at 6.1%$383.29
63,250 at 6.11%$383.70
63,250 at 6.12%$384.11
63,250 at 6.13%$384.52
63,250 at 6.14%$384.93
63,250 at 6.15%$385.34
63,250 at 6.16%$385.75
63,250 at 6.17%$386.16
63,250 at 6.18%$386.57
63,250 at 6.19%$386.98
63,250 at 6.2%$387.39
63,250 at 6.21%$387.80
63,250 at 6.22%$388.21
63,250 at 6.23%$388.62
63,250 at 6.24%$389.03
63,250 at 6.25%$389.44
63,250 at 6.26%$389.85
63,250 at 6.27%$390.26
63,250 at 6.28%$390.68
63,250 at 6.29%$391.09
63,250 at 6.3%$391.50
63,250 at 6.31%$391.91
63,250 at 6.32%$392.33
63,250 at 6.33%$392.74
63,250 at 6.34%$393.15
63,250 at 6.35%$393.56
63,250 at 6.36%$393.98
63,250 at 6.37%$394.39
63,250 at 6.38%$394.80
63,250 at 6.39%$395.22
63,250 at 6.4%$395.63
63,250 at 6.41%$396.05
63,250 at 6.42%$396.46
63,250 at 6.43%$396.88
63,250 at 6.44%$397.29
63,250 at 6.45%$397.71
63,250 at 6.46%$398.12
63,250 at 6.47%$398.54
63,250 at 6.48%$398.95
63,250 at 6.49%$399.37
63,250 at 6.5%$399.78
Interest Rate 30 Year
63,250 at 6.51%$400.20
63,250 at 6.52%$400.62
63,250 at 6.53%$401.03
63,250 at 6.54%$401.45
63,250 at 6.55%$401.87
63,250 at 6.56%$402.28
63,250 at 6.57%$402.70
63,250 at 6.58%$403.12
63,250 at 6.59%$403.53
63,250 at 6.6%$403.95
63,250 at 6.61%$404.37
63,250 at 6.62%$404.79
63,250 at 6.63%$405.21
63,250 at 6.64%$405.62
63,250 at 6.65%$406.04
63,250 at 6.66%$406.46
63,250 at 6.67%$406.88
63,250 at 6.68%$407.30
63,250 at 6.69%$407.72
63,250 at 6.7%$408.14
63,250 at 6.71%$408.56
63,250 at 6.72%$408.98
63,250 at 6.73%$409.40
63,250 at 6.74%$409.82
63,250 at 6.75%$410.24
63,250 at 6.76%$410.66
63,250 at 6.77%$411.08
63,250 at 6.78%$411.50
63,250 at 6.79%$411.92
63,250 at 6.8%$412.34
63,250 at 6.81%$412.76
63,250 at 6.82%$413.19
63,250 at 6.83%$413.61
63,250 at 6.84%$414.03
63,250 at 6.85%$414.45
63,250 at 6.86%$414.87
63,250 at 6.87%$415.30
63,250 at 6.88%$415.72
63,250 at 6.89%$416.14
63,250 at 6.9%$416.56
63,250 at 6.91%$416.99
63,250 at 6.92%$417.41
63,250 at 6.93%$417.83
63,250 at 6.94%$418.26
63,250 at 6.95%$418.68
63,250 at 6.96%$419.11
63,250 at 6.97%$419.53
63,250 at 6.98%$419.95
63,250 at 6.99%$420.38
63,250 at 7%$420.80
63,250 at 7.01%$421.23
63,250 at 7.02%$421.65
63,250 at 7.03%$422.08
63,250 at 7.04%$422.50
63,250 at 7.05%$422.93
63,250 at 7.06%$423.36
63,250 at 7.07%$423.78
63,250 at 7.08%$424.21
63,250 at 7.09%$424.63
63,250 at 7.1%$425.06
63,250 at 7.11%$425.49
63,250 at 7.12%$425.91
63,250 at 7.13%$426.34
63,250 at 7.14%$426.77
63,250 at 7.15%$427.19
63,250 at 7.16%$427.62
63,250 at 7.17%$428.05
63,250 at 7.18%$428.48
63,250 at 7.19%$428.91
63,250 at 7.2%$429.33
63,250 at 7.21%$429.76
63,250 at 7.22%$430.19
63,250 at 7.23%$430.62
63,250 at 7.24%$431.05
63,250 at 7.25%$431.48
63,250 at 7.26%$431.91
63,250 at 7.27%$432.33
63,250 at 7.28%$432.76
63,250 at 7.29%$433.19
63,250 at 7.3%$433.62
63,250 at 7.31%$434.05
63,250 at 7.32%$434.48
63,250 at 7.33%$434.91
63,250 at 7.34%$435.34
63,250 at 7.35%$435.77
63,250 at 7.36%$436.21
63,250 at 7.37%$436.64
63,250 at 7.38%$437.07
63,250 at 7.39%$437.50
63,250 at 7.4%$437.93
63,250 at 7.41%$438.36
63,250 at 7.42%$438.79
63,250 at 7.43%$439.23
63,250 at 7.44%$439.66
63,250 at 7.45%$440.09
63,250 at 7.46%$440.52
63,250 at 7.47%$440.95
63,250 at 7.48%$441.39
63,250 at 7.49%$441.82
63,250 at 7.5%$442.25
63,250 at 7.51%$442.69
63,250 at 7.52%$443.12
63,250 at 7.53%$443.55
63,250 at 7.54%$443.99
63,250 at 7.55%$444.42
63,250 at 7.56%$444.85
63,250 at 7.57%$445.29
63,250 at 7.58%$445.72
63,250 at 7.59%$446.16
63,250 at 7.6%$446.59
63,250 at 7.61%$447.03
63,250 at 7.62%$447.46
63,250 at 7.63%$447.90
63,250 at 7.64%$448.33
63,250 at 7.65%$448.77
63,250 at 7.66%$449.20
63,250 at 7.67%$449.64
63,250 at 7.68%$450.08
63,250 at 7.69%$450.51
63,250 at 7.7%$450.95
63,250 at 7.71%$451.38
63,250 at 7.72%$451.82
63,250 at 7.73%$452.26
63,250 at 7.74%$452.69
63,250 at 7.75%$453.13
63,250 at 7.76%$453.57
63,250 at 7.77%$454.01
63,250 at 7.78%$454.44
63,250 at 7.79%$454.88
63,250 at 7.8%$455.32
63,250 at 7.81%$455.76
63,250 at 7.82%$456.19
63,250 at 7.83%$456.63
63,250 at 7.84%$457.07
63,250 at 7.85%$457.51
63,250 at 7.86%$457.95
63,250 at 7.87%$458.39
63,250 at 7.88%$458.83
63,250 at 7.89%$459.27
63,250 at 7.9%$459.70
63,250 at 7.91%$460.14
63,250 at 7.92%$460.58
63,250 at 7.93%$461.02
63,250 at 7.94%$461.46
63,250 at 7.95%$461.90
63,250 at 7.96%$462.34
63,250 at 7.97%$462.78
63,250 at 7.98%$463.22
63,250 at 7.99%$463.67
63,250 at 8%$464.11
More Amounts
What is the down payment for a $63,250 house? How much do you need to put down?
Percent Down Down Payment
1%633
2%1,265
3%1,898
4%2,530
5%3,163
6%3,795
7%4,428
8%5,060
9%5,693
10%6,325
11%6,958
12%7,590
13%8,223
14%8,855
15%9,488
16%10,120
17%10,753
18%11,385
19%12,018
20%12,650
Percent Down Down Payment
21%13,283
22%13,915
23%14,548
24%15,180
25%15,813
26%16,445
27%17,078
28%17,710
29%18,343
30%18,975
31%19,608
32%20,240
33%20,873
34%21,505
35%22,138
36%22,770
37%23,403
38%24,035
39%24,668
40%25,300
Percent Down Down Payment
41%25,933
42%26,565
43%27,198
44%27,830
45%28,463
46%29,095
47%29,728
48%30,360
49%30,993
50%31,625
51%32,258
52%32,890
53%33,523
54%34,155
55%34,788
56%35,420
57%36,053
58%36,685
59%37,318
60%37,950
Percent Down Down Payment
61%38,583
62%39,215
63%39,848
64%40,480
65%41,113
66%41,745
67%42,378
68%43,010
69%43,643
70%44,275
71%44,908
72%45,540
73%46,173
74%46,805
75%47,438
76%48,070
77%48,703
78%49,335
79%49,968
80%50,600
Percent Down Down Payment
81%51,233
82%51,865
83%52,498
84%53,130
85%53,763
86%54,395
87%55,028
88%55,660
89%56,293
90%56,925
91%57,558
92%58,190
93%58,823
94%59,455
95%60,088
96%60,720
97%61,353
98%61,985
99%62,618
100%63,250
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.