$71,700 Mortgage for 30 Years

What is the monthly payment of a 71,700 dollar loan?
$
$
%
%
years
Loan Tables for a $71,700 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 72k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $71,700 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
71,700 at 2.01%$265.38
71,700 at 2.02%$265.73
71,700 at 2.03%$266.09
71,700 at 2.04%$266.45
71,700 at 2.05%$266.81
71,700 at 2.06%$267.17
71,700 at 2.07%$267.53
71,700 at 2.08%$267.89
71,700 at 2.09%$268.26
71,700 at 2.1%$268.62
71,700 at 2.11%$268.98
71,700 at 2.12%$269.34
71,700 at 2.13%$269.70
71,700 at 2.14%$270.06
71,700 at 2.15%$270.43
71,700 at 2.16%$270.79
71,700 at 2.17%$271.15
71,700 at 2.18%$271.52
71,700 at 2.19%$271.88
71,700 at 2.2%$272.25
71,700 at 2.21%$272.61
71,700 at 2.22%$272.97
71,700 at 2.23%$273.34
71,700 at 2.24%$273.70
71,700 at 2.25%$274.07
71,700 at 2.26%$274.44
71,700 at 2.27%$274.80
71,700 at 2.28%$275.17
71,700 at 2.29%$275.54
71,700 at 2.3%$275.90
71,700 at 2.31%$276.27
71,700 at 2.32%$276.64
71,700 at 2.33%$277.01
71,700 at 2.34%$277.37
71,700 at 2.35%$277.74
71,700 at 2.36%$278.11
71,700 at 2.37%$278.48
71,700 at 2.38%$278.85
71,700 at 2.39%$279.22
71,700 at 2.4%$279.59
71,700 at 2.41%$279.96
71,700 at 2.42%$280.33
71,700 at 2.43%$280.70
71,700 at 2.44%$281.07
71,700 at 2.45%$281.44
71,700 at 2.46%$281.81
71,700 at 2.47%$282.18
71,700 at 2.48%$282.56
71,700 at 2.49%$282.93
71,700 at 2.5%$283.30
71,700 at 2.51%$283.67
71,700 at 2.52%$284.05
71,700 at 2.53%$284.42
71,700 at 2.54%$284.80
71,700 at 2.55%$285.17
71,700 at 2.56%$285.54
71,700 at 2.57%$285.92
71,700 at 2.58%$286.29
71,700 at 2.59%$286.67
71,700 at 2.6%$287.04
71,700 at 2.61%$287.42
71,700 at 2.62%$287.80
71,700 at 2.63%$288.17
71,700 at 2.64%$288.55
71,700 at 2.65%$288.93
71,700 at 2.66%$289.30
71,700 at 2.67%$289.68
71,700 at 2.68%$290.06
71,700 at 2.69%$290.44
71,700 at 2.7%$290.81
71,700 at 2.71%$291.19
71,700 at 2.72%$291.57
71,700 at 2.73%$291.95
71,700 at 2.74%$292.33
71,700 at 2.75%$292.71
71,700 at 2.76%$293.09
71,700 at 2.77%$293.47
71,700 at 2.78%$293.85
71,700 at 2.79%$294.23
71,700 at 2.8%$294.61
71,700 at 2.81%$294.99
71,700 at 2.82%$295.37
71,700 at 2.83%$295.76
71,700 at 2.84%$296.14
71,700 at 2.85%$296.52
71,700 at 2.86%$296.90
71,700 at 2.87%$297.29
71,700 at 2.88%$297.67
71,700 at 2.89%$298.05
71,700 at 2.9%$298.44
71,700 at 2.91%$298.82
71,700 at 2.92%$299.21
71,700 at 2.93%$299.59
71,700 at 2.94%$299.97
71,700 at 2.95%$300.36
71,700 at 2.96%$300.75
71,700 at 2.97%$301.13
71,700 at 2.98%$301.52
71,700 at 2.99%$301.90
71,700 at 3%$302.29
71,700 at 3.01%$302.68
71,700 at 3.02%$303.06
71,700 at 3.03%$303.45
71,700 at 3.04%$303.84
71,700 at 3.05%$304.23
71,700 at 3.06%$304.62
71,700 at 3.07%$305.00
71,700 at 3.08%$305.39
71,700 at 3.09%$305.78
71,700 at 3.1%$306.17
71,700 at 3.11%$306.56
71,700 at 3.12%$306.95
71,700 at 3.13%$307.34
71,700 at 3.14%$307.73
71,700 at 3.15%$308.12
71,700 at 3.16%$308.51
71,700 at 3.17%$308.90
71,700 at 3.18%$309.29
71,700 at 3.19%$309.69
71,700 at 3.2%$310.08
71,700 at 3.21%$310.47
71,700 at 3.22%$310.86
71,700 at 3.23%$311.26
71,700 at 3.24%$311.65
71,700 at 3.25%$312.04
71,700 at 3.26%$312.44
71,700 at 3.27%$312.83
71,700 at 3.28%$313.22
71,700 at 3.29%$313.62
71,700 at 3.3%$314.01
71,700 at 3.31%$314.41
71,700 at 3.32%$314.80
71,700 at 3.33%$315.20
71,700 at 3.34%$315.60
71,700 at 3.35%$315.99
71,700 at 3.36%$316.39
71,700 at 3.37%$316.78
71,700 at 3.38%$317.18
71,700 at 3.39%$317.58
71,700 at 3.4%$317.98
71,700 at 3.41%$318.37
71,700 at 3.42%$318.77
71,700 at 3.43%$319.17
71,700 at 3.44%$319.57
71,700 at 3.45%$319.97
71,700 at 3.46%$320.37
71,700 at 3.47%$320.77
71,700 at 3.48%$321.17
71,700 at 3.49%$321.56
71,700 at 3.5%$321.97
Interest Rate 30 Year
71,700 at 3.51%$322.37
71,700 at 3.52%$322.77
71,700 at 3.53%$323.17
71,700 at 3.54%$323.57
71,700 at 3.55%$323.97
71,700 at 3.56%$324.37
71,700 at 3.57%$324.77
71,700 at 3.58%$325.18
71,700 at 3.59%$325.58
71,700 at 3.6%$325.98
71,700 at 3.61%$326.38
71,700 at 3.62%$326.79
71,700 at 3.63%$327.19
71,700 at 3.64%$327.59
71,700 at 3.65%$328.00
71,700 at 3.66%$328.40
71,700 at 3.67%$328.81
71,700 at 3.68%$329.21
71,700 at 3.69%$329.62
71,700 at 3.7%$330.02
71,700 at 3.71%$330.43
71,700 at 3.72%$330.83
71,700 at 3.73%$331.24
71,700 at 3.74%$331.65
71,700 at 3.75%$332.05
71,700 at 3.76%$332.46
71,700 at 3.77%$332.87
71,700 at 3.78%$333.28
71,700 at 3.79%$333.68
71,700 at 3.8%$334.09
71,700 at 3.81%$334.50
71,700 at 3.82%$334.91
71,700 at 3.83%$335.32
71,700 at 3.84%$335.73
71,700 at 3.85%$336.14
71,700 at 3.86%$336.55
71,700 at 3.87%$336.95
71,700 at 3.88%$337.37
71,700 at 3.89%$337.78
71,700 at 3.9%$338.19
71,700 at 3.91%$338.60
71,700 at 3.92%$339.01
71,700 at 3.93%$339.42
71,700 at 3.94%$339.83
71,700 at 3.95%$340.24
71,700 at 3.96%$340.66
71,700 at 3.97%$341.07
71,700 at 3.98%$341.48
71,700 at 3.99%$341.89
71,700 at 4%$342.31
71,700 at 4.01%$342.72
71,700 at 4.02%$343.13
71,700 at 4.03%$343.55
71,700 at 4.04%$343.96
71,700 at 4.05%$344.38
71,700 at 4.06%$344.79
71,700 at 4.07%$345.21
71,700 at 4.08%$345.62
71,700 at 4.09%$346.04
71,700 at 4.1%$346.45
71,700 at 4.11%$346.87
71,700 at 4.12%$347.29
71,700 at 4.13%$347.70
71,700 at 4.14%$348.12
71,700 at 4.15%$348.54
71,700 at 4.16%$348.95
71,700 at 4.17%$349.37
71,700 at 4.18%$349.79
71,700 at 4.19%$350.21
71,700 at 4.2%$350.63
71,700 at 4.21%$351.04
71,700 at 4.22%$351.46
71,700 at 4.23%$351.88
71,700 at 4.24%$352.30
71,700 at 4.25%$352.72
71,700 at 4.26%$353.14
71,700 at 4.27%$353.56
71,700 at 4.28%$353.98
71,700 at 4.29%$354.40
71,700 at 4.3%$354.82
71,700 at 4.31%$355.24
71,700 at 4.32%$355.67
71,700 at 4.33%$356.09
71,700 at 4.34%$356.51
71,700 at 4.35%$356.93
71,700 at 4.36%$357.35
71,700 at 4.37%$357.78
71,700 at 4.38%$358.20
71,700 at 4.39%$358.62
71,700 at 4.4%$359.05
71,700 at 4.41%$359.47
71,700 at 4.42%$359.89
71,700 at 4.43%$360.32
71,700 at 4.44%$360.74
71,700 at 4.45%$361.17
71,700 at 4.46%$361.59
71,700 at 4.47%$362.02
71,700 at 4.48%$362.44
71,700 at 4.49%$362.87
71,700 at 4.5%$363.29
71,700 at 4.51%$363.72
71,700 at 4.52%$364.15
71,700 at 4.53%$364.57
71,700 at 4.54%$365.00
71,700 at 4.55%$365.43
71,700 at 4.56%$365.85
71,700 at 4.57%$366.28
71,700 at 4.58%$366.71
71,700 at 4.59%$367.14
71,700 at 4.6%$367.57
71,700 at 4.61%$367.99
71,700 at 4.62%$368.42
71,700 at 4.63%$368.85
71,700 at 4.64%$369.28
71,700 at 4.65%$369.71
71,700 at 4.66%$370.14
71,700 at 4.67%$370.57
71,700 at 4.68%$371.00
71,700 at 4.69%$371.43
71,700 at 4.7%$371.86
71,700 at 4.71%$372.29
71,700 at 4.72%$372.73
71,700 at 4.73%$373.16
71,700 at 4.74%$373.59
71,700 at 4.75%$374.02
71,700 at 4.76%$374.45
71,700 at 4.77%$374.89
71,700 at 4.78%$375.32
71,700 at 4.79%$375.75
71,700 at 4.8%$376.19
71,700 at 4.81%$376.62
71,700 at 4.82%$377.05
71,700 at 4.83%$377.49
71,700 at 4.84%$377.92
71,700 at 4.85%$378.36
71,700 at 4.86%$378.79
71,700 at 4.87%$379.22
71,700 at 4.88%$379.66
71,700 at 4.89%$380.10
71,700 at 4.9%$380.53
71,700 at 4.91%$380.97
71,700 at 4.92%$381.40
71,700 at 4.93%$381.84
71,700 at 4.94%$382.28
71,700 at 4.95%$382.71
71,700 at 4.96%$383.15
71,700 at 4.97%$383.59
71,700 at 4.98%$384.03
71,700 at 4.99%$384.46
71,700 at 5%$384.90
Interest Rate 30 Year
71,700 at 5.01%$385.34
71,700 at 5.02%$385.78
71,700 at 5.03%$386.22
71,700 at 5.04%$386.66
71,700 at 5.05%$387.10
71,700 at 5.06%$387.53
71,700 at 5.07%$387.97
71,700 at 5.08%$388.41
71,700 at 5.09%$388.85
71,700 at 5.1%$389.29
71,700 at 5.11%$389.74
71,700 at 5.12%$390.18
71,700 at 5.13%$390.62
71,700 at 5.14%$391.06
71,700 at 5.15%$391.50
71,700 at 5.16%$391.94
71,700 at 5.17%$392.38
71,700 at 5.18%$392.83
71,700 at 5.19%$393.27
71,700 at 5.2%$393.71
71,700 at 5.21%$394.16
71,700 at 5.22%$394.60
71,700 at 5.23%$395.04
71,700 at 5.24%$395.49
71,700 at 5.25%$395.93
71,700 at 5.26%$396.37
71,700 at 5.27%$396.82
71,700 at 5.28%$397.26
71,700 at 5.29%$397.71
71,700 at 5.3%$398.15
71,700 at 5.31%$398.60
71,700 at 5.32%$399.04
71,700 at 5.33%$399.49
71,700 at 5.34%$399.94
71,700 at 5.35%$400.38
71,700 at 5.36%$400.83
71,700 at 5.37%$401.28
71,700 at 5.38%$401.72
71,700 at 5.39%$402.17
71,700 at 5.4%$402.62
71,700 at 5.41%$403.07
71,700 at 5.42%$403.51
71,700 at 5.43%$403.96
71,700 at 5.44%$404.41
71,700 at 5.45%$404.86
71,700 at 5.46%$405.31
71,700 at 5.47%$405.76
71,700 at 5.48%$406.21
71,700 at 5.49%$406.65
71,700 at 5.5%$407.10
71,700 at 5.51%$407.55
71,700 at 5.52%$408.00
71,700 at 5.53%$408.46
71,700 at 5.54%$408.91
71,700 at 5.55%$409.36
71,700 at 5.56%$409.81
71,700 at 5.57%$410.26
71,700 at 5.58%$410.71
71,700 at 5.59%$411.16
71,700 at 5.6%$411.61
71,700 at 5.61%$412.07
71,700 at 5.62%$412.52
71,700 at 5.63%$412.97
71,700 at 5.64%$413.42
71,700 at 5.65%$413.88
71,700 at 5.66%$414.33
71,700 at 5.67%$414.79
71,700 at 5.68%$415.24
71,700 at 5.69%$415.69
71,700 at 5.7%$416.15
71,700 at 5.71%$416.60
71,700 at 5.72%$417.06
71,700 at 5.73%$417.51
71,700 at 5.74%$417.97
71,700 at 5.75%$418.42
71,700 at 5.76%$418.88
71,700 at 5.77%$419.33
71,700 at 5.78%$419.79
71,700 at 5.79%$420.25
71,700 at 5.8%$420.70
71,700 at 5.81%$421.16
71,700 at 5.82%$421.62
71,700 at 5.83%$422.07
71,700 at 5.84%$422.53
71,700 at 5.85%$422.99
71,700 at 5.86%$423.45
71,700 at 5.87%$423.90
71,700 at 5.88%$424.36
71,700 at 5.89%$424.82
71,700 at 5.9%$425.28
71,700 at 5.91%$425.74
71,700 at 5.92%$426.20
71,700 at 5.93%$426.66
71,700 at 5.94%$427.12
71,700 at 5.95%$427.58
71,700 at 5.96%$428.04
71,700 at 5.97%$428.50
71,700 at 5.98%$428.96
71,700 at 5.99%$429.42
71,700 at 6%$429.88
71,700 at 6.01%$430.34
71,700 at 6.02%$430.80
71,700 at 6.03%$431.26
71,700 at 6.04%$431.72
71,700 at 6.05%$432.19
71,700 at 6.06%$432.65
71,700 at 6.07%$433.11
71,700 at 6.08%$433.57
71,700 at 6.09%$434.04
71,700 at 6.1%$434.50
71,700 at 6.11%$434.96
71,700 at 6.12%$435.42
71,700 at 6.13%$435.89
71,700 at 6.14%$436.35
71,700 at 6.15%$436.82
71,700 at 6.16%$437.28
71,700 at 6.17%$437.75
71,700 at 6.18%$438.21
71,700 at 6.19%$438.68
71,700 at 6.2%$439.14
71,700 at 6.21%$439.61
71,700 at 6.22%$440.07
71,700 at 6.23%$440.54
71,700 at 6.24%$441.00
71,700 at 6.25%$441.47
71,700 at 6.26%$441.94
71,700 at 6.27%$442.40
71,700 at 6.28%$442.87
71,700 at 6.29%$443.34
71,700 at 6.3%$443.80
71,700 at 6.31%$444.27
71,700 at 6.32%$444.74
71,700 at 6.33%$445.21
71,700 at 6.34%$445.67
71,700 at 6.35%$446.14
71,700 at 6.36%$446.61
71,700 at 6.37%$447.08
71,700 at 6.38%$447.55
71,700 at 6.39%$448.02
71,700 at 6.4%$448.49
71,700 at 6.41%$448.96
71,700 at 6.42%$449.43
71,700 at 6.43%$449.90
71,700 at 6.44%$450.37
71,700 at 6.45%$450.84
71,700 at 6.46%$451.31
71,700 at 6.47%$451.78
71,700 at 6.48%$452.25
71,700 at 6.49%$452.72
71,700 at 6.5%$453.19
Interest Rate 30 Year
71,700 at 6.51%$453.66
71,700 at 6.52%$454.14
71,700 at 6.53%$454.61
71,700 at 6.54%$455.08
71,700 at 6.55%$455.55
71,700 at 6.56%$456.03
71,700 at 6.57%$456.50
71,700 at 6.58%$456.97
71,700 at 6.59%$457.44
71,700 at 6.6%$457.92
71,700 at 6.61%$458.39
71,700 at 6.62%$458.87
71,700 at 6.63%$459.34
71,700 at 6.64%$459.81
71,700 at 6.65%$460.29
71,700 at 6.66%$460.76
71,700 at 6.67%$461.24
71,700 at 6.68%$461.71
71,700 at 6.69%$462.19
71,700 at 6.7%$462.66
71,700 at 6.71%$463.14
71,700 at 6.72%$463.62
71,700 at 6.73%$464.09
71,700 at 6.74%$464.57
71,700 at 6.75%$465.04
71,700 at 6.76%$465.52
71,700 at 6.77%$466.00
71,700 at 6.78%$466.48
71,700 at 6.79%$466.95
71,700 at 6.8%$467.43
71,700 at 6.81%$467.91
71,700 at 6.82%$468.39
71,700 at 6.83%$468.86
71,700 at 6.84%$469.34
71,700 at 6.85%$469.82
71,700 at 6.86%$470.30
71,700 at 6.87%$470.78
71,700 at 6.88%$471.26
71,700 at 6.89%$471.74
71,700 at 6.9%$472.22
71,700 at 6.91%$472.70
71,700 at 6.92%$473.18
71,700 at 6.93%$473.66
71,700 at 6.94%$474.14
71,700 at 6.95%$474.62
71,700 at 6.96%$475.10
71,700 at 6.97%$475.58
71,700 at 6.98%$476.06
71,700 at 6.99%$476.54
71,700 at 7%$477.02
71,700 at 7.01%$477.50
71,700 at 7.02%$477.99
71,700 at 7.03%$478.47
71,700 at 7.04%$478.95
71,700 at 7.05%$479.43
71,700 at 7.06%$479.91
71,700 at 7.07%$480.40
71,700 at 7.08%$480.88
71,700 at 7.09%$481.36
71,700 at 7.1%$481.85
71,700 at 7.11%$482.33
71,700 at 7.12%$482.81
71,700 at 7.13%$483.30
71,700 at 7.14%$483.78
71,700 at 7.15%$484.27
71,700 at 7.16%$484.75
71,700 at 7.17%$485.24
71,700 at 7.18%$485.72
71,700 at 7.19%$486.21
71,700 at 7.2%$486.69
71,700 at 7.21%$487.18
71,700 at 7.22%$487.66
71,700 at 7.23%$488.15
71,700 at 7.24%$488.63
71,700 at 7.25%$489.12
71,700 at 7.26%$489.61
71,700 at 7.27%$490.09
71,700 at 7.28%$490.58
71,700 at 7.29%$491.07
71,700 at 7.3%$491.55
71,700 at 7.31%$492.04
71,700 at 7.32%$492.53
71,700 at 7.33%$493.02
71,700 at 7.34%$493.50
71,700 at 7.35%$493.99
71,700 at 7.36%$494.48
71,700 at 7.37%$494.97
71,700 at 7.38%$495.46
71,700 at 7.39%$495.95
71,700 at 7.4%$496.44
71,700 at 7.41%$496.93
71,700 at 7.42%$497.41
71,700 at 7.43%$497.90
71,700 at 7.44%$498.39
71,700 at 7.45%$498.88
71,700 at 7.46%$499.37
71,700 at 7.47%$499.86
71,700 at 7.48%$500.36
71,700 at 7.49%$500.85
71,700 at 7.5%$501.34
71,700 at 7.51%$501.83
71,700 at 7.52%$502.32
71,700 at 7.53%$502.81
71,700 at 7.54%$503.30
71,700 at 7.55%$503.79
71,700 at 7.56%$504.29
71,700 at 7.57%$504.78
71,700 at 7.58%$505.27
71,700 at 7.59%$505.76
71,700 at 7.6%$506.26
71,700 at 7.61%$506.75
71,700 at 7.62%$507.24
71,700 at 7.63%$507.73
71,700 at 7.64%$508.23
71,700 at 7.65%$508.72
71,700 at 7.66%$509.22
71,700 at 7.67%$509.71
71,700 at 7.68%$510.20
71,700 at 7.69%$510.70
71,700 at 7.7%$511.19
71,700 at 7.71%$511.69
71,700 at 7.72%$512.18
71,700 at 7.73%$512.68
71,700 at 7.74%$513.17
71,700 at 7.75%$513.67
71,700 at 7.76%$514.16
71,700 at 7.77%$514.66
71,700 at 7.78%$515.15
71,700 at 7.79%$515.65
71,700 at 7.8%$516.15
71,700 at 7.81%$516.64
71,700 at 7.82%$517.14
71,700 at 7.83%$517.64
71,700 at 7.84%$518.13
71,700 at 7.85%$518.63
71,700 at 7.86%$519.13
71,700 at 7.87%$519.63
71,700 at 7.88%$520.12
71,700 at 7.89%$520.62
71,700 at 7.9%$521.12
71,700 at 7.91%$521.62
71,700 at 7.92%$522.12
71,700 at 7.93%$522.61
71,700 at 7.94%$523.11
71,700 at 7.95%$523.61
71,700 at 7.96%$524.11
71,700 at 7.97%$524.61
71,700 at 7.98%$525.11
71,700 at 7.99%$525.61
71,700 at 8%$526.11
More Amounts
What is the down payment for a $71,700 house? How much do you need to put down?
Percent Down Down Payment
1%717
2%1,434
3%2,151
4%2,868
5%3,585
6%4,302
7%5,019
8%5,736
9%6,453
10%7,170
11%7,887
12%8,604
13%9,321
14%10,038
15%10,755
16%11,472
17%12,189
18%12,906
19%13,623
20%14,340
Percent Down Down Payment
21%15,057
22%15,774
23%16,491
24%17,208
25%17,925
26%18,642
27%19,359
28%20,076
29%20,793
30%21,510
31%22,227
32%22,944
33%23,661
34%24,378
35%25,095
36%25,812
37%26,529
38%27,246
39%27,963
40%28,680
Percent Down Down Payment
41%29,397
42%30,114
43%30,831
44%31,548
45%32,265
46%32,982
47%33,699
48%34,416
49%35,133
50%35,850
51%36,567
52%37,284
53%38,001
54%38,718
55%39,435
56%40,152
57%40,869
58%41,586
59%42,303
60%43,020
Percent Down Down Payment
61%43,737
62%44,454
63%45,171
64%45,888
65%46,605
66%47,322
67%48,039
68%48,756
69%49,473
70%50,190
71%50,907
72%51,624
73%52,341
74%53,058
75%53,775
76%54,492
77%55,209
78%55,926
79%56,643
80%57,360
Percent Down Down Payment
81%58,077
82%58,794
83%59,511
84%60,228
85%60,945
86%61,662
87%62,379
88%63,096
89%63,813
90%64,530
91%65,247
92%65,964
93%66,681
94%67,398
95%68,115
96%68,832
97%69,549
98%70,266
99%70,983
100%71,700
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.