$78,450 Mortgage for 30 Years

What is the monthly payment of a 78,450 dollar loan?
$
$
%
%
years
Loan Tables for a $78,450 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 78k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $78,450 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
78,450 at 2.01%$290.36
78,450 at 2.02%$290.75
78,450 at 2.03%$291.14
78,450 at 2.04%$291.54
78,450 at 2.05%$291.93
78,450 at 2.06%$292.33
78,450 at 2.07%$292.72
78,450 at 2.08%$293.11
78,450 at 2.09%$293.51
78,450 at 2.1%$293.91
78,450 at 2.11%$294.30
78,450 at 2.12%$294.70
78,450 at 2.13%$295.09
78,450 at 2.14%$295.49
78,450 at 2.15%$295.89
78,450 at 2.16%$296.28
78,450 at 2.17%$296.68
78,450 at 2.18%$297.08
78,450 at 2.19%$297.48
78,450 at 2.2%$297.88
78,450 at 2.21%$298.27
78,450 at 2.22%$298.67
78,450 at 2.23%$299.07
78,450 at 2.24%$299.47
78,450 at 2.25%$299.87
78,450 at 2.26%$300.27
78,450 at 2.27%$300.67
78,450 at 2.28%$301.07
78,450 at 2.29%$301.48
78,450 at 2.3%$301.88
78,450 at 2.31%$302.28
78,450 at 2.32%$302.68
78,450 at 2.33%$303.08
78,450 at 2.34%$303.49
78,450 at 2.35%$303.89
78,450 at 2.36%$304.29
78,450 at 2.37%$304.70
78,450 at 2.38%$305.10
78,450 at 2.39%$305.50
78,450 at 2.4%$305.91
78,450 at 2.41%$306.31
78,450 at 2.42%$306.72
78,450 at 2.43%$307.12
78,450 at 2.44%$307.53
78,450 at 2.45%$307.94
78,450 at 2.46%$308.34
78,450 at 2.47%$308.75
78,450 at 2.48%$309.16
78,450 at 2.49%$309.56
78,450 at 2.5%$309.97
78,450 at 2.51%$310.38
78,450 at 2.52%$310.79
78,450 at 2.53%$311.20
78,450 at 2.54%$311.61
78,450 at 2.55%$312.02
78,450 at 2.56%$312.43
78,450 at 2.57%$312.84
78,450 at 2.58%$313.25
78,450 at 2.59%$313.66
78,450 at 2.6%$314.07
78,450 at 2.61%$314.48
78,450 at 2.62%$314.89
78,450 at 2.63%$315.30
78,450 at 2.64%$315.71
78,450 at 2.65%$316.13
78,450 at 2.66%$316.54
78,450 at 2.67%$316.95
78,450 at 2.68%$317.36
78,450 at 2.69%$317.78
78,450 at 2.7%$318.19
78,450 at 2.71%$318.61
78,450 at 2.72%$319.02
78,450 at 2.73%$319.43
78,450 at 2.74%$319.85
78,450 at 2.75%$320.27
78,450 at 2.76%$320.68
78,450 at 2.77%$321.10
78,450 at 2.78%$321.51
78,450 at 2.79%$321.93
78,450 at 2.8%$322.35
78,450 at 2.81%$322.76
78,450 at 2.82%$323.18
78,450 at 2.83%$323.60
78,450 at 2.84%$324.02
78,450 at 2.85%$324.44
78,450 at 2.86%$324.85
78,450 at 2.87%$325.27
78,450 at 2.88%$325.69
78,450 at 2.89%$326.11
78,450 at 2.9%$326.53
78,450 at 2.91%$326.95
78,450 at 2.92%$327.37
78,450 at 2.93%$327.79
78,450 at 2.94%$328.22
78,450 at 2.95%$328.64
78,450 at 2.96%$329.06
78,450 at 2.97%$329.48
78,450 at 2.98%$329.90
78,450 at 2.99%$330.33
78,450 at 3%$330.75
78,450 at 3.01%$331.17
78,450 at 3.02%$331.60
78,450 at 3.03%$332.02
78,450 at 3.04%$332.44
78,450 at 3.05%$332.87
78,450 at 3.06%$333.29
78,450 at 3.07%$333.72
78,450 at 3.08%$334.14
78,450 at 3.09%$334.57
78,450 at 3.1%$334.99
78,450 at 3.11%$335.42
78,450 at 3.12%$335.85
78,450 at 3.13%$336.27
78,450 at 3.14%$336.70
78,450 at 3.15%$337.13
78,450 at 3.16%$337.56
78,450 at 3.17%$337.98
78,450 at 3.18%$338.41
78,450 at 3.19%$338.84
78,450 at 3.2%$339.27
78,450 at 3.21%$339.70
78,450 at 3.22%$340.13
78,450 at 3.23%$340.56
78,450 at 3.24%$340.99
78,450 at 3.25%$341.42
78,450 at 3.26%$341.85
78,450 at 3.27%$342.28
78,450 at 3.28%$342.71
78,450 at 3.29%$343.14
78,450 at 3.3%$343.58
78,450 at 3.31%$344.01
78,450 at 3.32%$344.44
78,450 at 3.33%$344.87
78,450 at 3.34%$345.31
78,450 at 3.35%$345.74
78,450 at 3.36%$346.17
78,450 at 3.37%$346.61
78,450 at 3.38%$347.04
78,450 at 3.39%$347.48
78,450 at 3.4%$347.91
78,450 at 3.41%$348.35
78,450 at 3.42%$348.78
78,450 at 3.43%$349.22
78,450 at 3.44%$349.65
78,450 at 3.45%$350.09
78,450 at 3.46%$350.53
78,450 at 3.47%$350.96
78,450 at 3.48%$351.40
78,450 at 3.49%$351.84
78,450 at 3.5%$352.28
Interest Rate 30 Year
78,450 at 3.51%$352.71
78,450 at 3.52%$353.15
78,450 at 3.53%$353.59
78,450 at 3.54%$354.03
78,450 at 3.55%$354.47
78,450 at 3.56%$354.91
78,450 at 3.57%$355.35
78,450 at 3.58%$355.79
78,450 at 3.59%$356.23
78,450 at 3.6%$356.67
78,450 at 3.61%$357.11
78,450 at 3.62%$357.55
78,450 at 3.63%$357.99
78,450 at 3.64%$358.43
78,450 at 3.65%$358.88
78,450 at 3.66%$359.32
78,450 at 3.67%$359.76
78,450 at 3.68%$360.21
78,450 at 3.69%$360.65
78,450 at 3.7%$361.09
78,450 at 3.71%$361.54
78,450 at 3.72%$361.98
78,450 at 3.73%$362.42
78,450 at 3.74%$362.87
78,450 at 3.75%$363.31
78,450 at 3.76%$363.76
78,450 at 3.77%$364.21
78,450 at 3.78%$364.65
78,450 at 3.79%$365.10
78,450 at 3.8%$365.54
78,450 at 3.81%$365.99
78,450 at 3.82%$366.44
78,450 at 3.83%$366.88
78,450 at 3.84%$367.33
78,450 at 3.85%$367.78
78,450 at 3.86%$368.23
78,450 at 3.87%$368.68
78,450 at 3.88%$369.13
78,450 at 3.89%$369.57
78,450 at 3.9%$370.02
78,450 at 3.91%$370.47
78,450 at 3.92%$370.92
78,450 at 3.93%$371.37
78,450 at 3.94%$371.82
78,450 at 3.95%$372.27
78,450 at 3.96%$372.73
78,450 at 3.97%$373.18
78,450 at 3.98%$373.63
78,450 at 3.99%$374.08
78,450 at 4%$374.53
78,450 at 4.01%$374.98
78,450 at 4.02%$375.44
78,450 at 4.03%$375.89
78,450 at 4.04%$376.34
78,450 at 4.05%$376.80
78,450 at 4.06%$377.25
78,450 at 4.07%$377.71
78,450 at 4.08%$378.16
78,450 at 4.09%$378.61
78,450 at 4.1%$379.07
78,450 at 4.11%$379.52
78,450 at 4.12%$379.98
78,450 at 4.13%$380.44
78,450 at 4.14%$380.89
78,450 at 4.15%$381.35
78,450 at 4.16%$381.80
78,450 at 4.17%$382.26
78,450 at 4.18%$382.72
78,450 at 4.19%$383.18
78,450 at 4.2%$383.63
78,450 at 4.21%$384.09
78,450 at 4.22%$384.55
78,450 at 4.23%$385.01
78,450 at 4.24%$385.47
78,450 at 4.25%$385.93
78,450 at 4.26%$386.39
78,450 at 4.27%$386.85
78,450 at 4.28%$387.31
78,450 at 4.29%$387.77
78,450 at 4.3%$388.23
78,450 at 4.31%$388.69
78,450 at 4.32%$389.15
78,450 at 4.33%$389.61
78,450 at 4.34%$390.07
78,450 at 4.35%$390.53
78,450 at 4.36%$391.00
78,450 at 4.37%$391.46
78,450 at 4.38%$391.92
78,450 at 4.39%$392.38
78,450 at 4.4%$392.85
78,450 at 4.41%$393.31
78,450 at 4.42%$393.77
78,450 at 4.43%$394.24
78,450 at 4.44%$394.70
78,450 at 4.45%$395.17
78,450 at 4.46%$395.63
78,450 at 4.47%$396.10
78,450 at 4.48%$396.56
78,450 at 4.49%$397.03
78,450 at 4.5%$397.49
78,450 at 4.51%$397.96
78,450 at 4.52%$398.43
78,450 at 4.53%$398.89
78,450 at 4.54%$399.36
78,450 at 4.55%$399.83
78,450 at 4.56%$400.30
78,450 at 4.57%$400.76
78,450 at 4.58%$401.23
78,450 at 4.59%$401.70
78,450 at 4.6%$402.17
78,450 at 4.61%$402.64
78,450 at 4.62%$403.11
78,450 at 4.63%$403.58
78,450 at 4.64%$404.05
78,450 at 4.65%$404.52
78,450 at 4.66%$404.99
78,450 at 4.67%$405.46
78,450 at 4.68%$405.93
78,450 at 4.69%$406.40
78,450 at 4.7%$406.87
78,450 at 4.71%$407.34
78,450 at 4.72%$407.81
78,450 at 4.73%$408.29
78,450 at 4.74%$408.76
78,450 at 4.75%$409.23
78,450 at 4.76%$409.71
78,450 at 4.77%$410.18
78,450 at 4.78%$410.65
78,450 at 4.79%$411.13
78,450 at 4.8%$411.60
78,450 at 4.81%$412.07
78,450 at 4.82%$412.55
78,450 at 4.83%$413.02
78,450 at 4.84%$413.50
78,450 at 4.85%$413.97
78,450 at 4.86%$414.45
78,450 at 4.87%$414.93
78,450 at 4.88%$415.40
78,450 at 4.89%$415.88
78,450 at 4.9%$416.36
78,450 at 4.91%$416.83
78,450 at 4.92%$417.31
78,450 at 4.93%$417.79
78,450 at 4.94%$418.26
78,450 at 4.95%$418.74
78,450 at 4.96%$419.22
78,450 at 4.97%$419.70
78,450 at 4.98%$420.18
78,450 at 4.99%$420.66
78,450 at 5%$421.14
Interest Rate 30 Year
78,450 at 5.01%$421.62
78,450 at 5.02%$422.10
78,450 at 5.03%$422.58
78,450 at 5.04%$423.06
78,450 at 5.05%$423.54
78,450 at 5.06%$424.02
78,450 at 5.07%$424.50
78,450 at 5.08%$424.98
78,450 at 5.09%$425.46
78,450 at 5.1%$425.94
78,450 at 5.11%$426.43
78,450 at 5.12%$426.91
78,450 at 5.13%$427.39
78,450 at 5.14%$427.87
78,450 at 5.15%$428.36
78,450 at 5.16%$428.84
78,450 at 5.17%$429.32
78,450 at 5.18%$429.81
78,450 at 5.19%$430.29
78,450 at 5.2%$430.78
78,450 at 5.21%$431.26
78,450 at 5.22%$431.75
78,450 at 5.23%$432.23
78,450 at 5.24%$432.72
78,450 at 5.25%$433.20
78,450 at 5.26%$433.69
78,450 at 5.27%$434.18
78,450 at 5.28%$434.66
78,450 at 5.29%$435.15
78,450 at 5.3%$435.64
78,450 at 5.31%$436.12
78,450 at 5.32%$436.61
78,450 at 5.33%$437.10
78,450 at 5.34%$437.59
78,450 at 5.35%$438.08
78,450 at 5.36%$438.56
78,450 at 5.37%$439.05
78,450 at 5.38%$439.54
78,450 at 5.39%$440.03
78,450 at 5.4%$440.52
78,450 at 5.41%$441.01
78,450 at 5.42%$441.50
78,450 at 5.43%$441.99
78,450 at 5.44%$442.48
78,450 at 5.45%$442.97
78,450 at 5.46%$443.46
78,450 at 5.47%$443.95
78,450 at 5.48%$444.45
78,450 at 5.49%$444.94
78,450 at 5.5%$445.43
78,450 at 5.51%$445.92
78,450 at 5.52%$446.42
78,450 at 5.53%$446.91
78,450 at 5.54%$447.40
78,450 at 5.55%$447.89
78,450 at 5.56%$448.39
78,450 at 5.57%$448.88
78,450 at 5.58%$449.38
78,450 at 5.59%$449.87
78,450 at 5.6%$450.36
78,450 at 5.61%$450.86
78,450 at 5.62%$451.35
78,450 at 5.63%$451.85
78,450 at 5.64%$452.35
78,450 at 5.65%$452.84
78,450 at 5.66%$453.34
78,450 at 5.67%$453.83
78,450 at 5.68%$454.33
78,450 at 5.69%$454.83
78,450 at 5.7%$455.32
78,450 at 5.71%$455.82
78,450 at 5.72%$456.32
78,450 at 5.73%$456.82
78,450 at 5.74%$457.31
78,450 at 5.75%$457.81
78,450 at 5.76%$458.31
78,450 at 5.77%$458.81
78,450 at 5.78%$459.31
78,450 at 5.79%$459.81
78,450 at 5.8%$460.31
78,450 at 5.81%$460.81
78,450 at 5.82%$461.31
78,450 at 5.83%$461.81
78,450 at 5.84%$462.31
78,450 at 5.85%$462.81
78,450 at 5.86%$463.31
78,450 at 5.87%$463.81
78,450 at 5.88%$464.31
78,450 at 5.89%$464.81
78,450 at 5.9%$465.32
78,450 at 5.91%$465.82
78,450 at 5.92%$466.32
78,450 at 5.93%$466.82
78,450 at 5.94%$467.33
78,450 at 5.95%$467.83
78,450 at 5.96%$468.33
78,450 at 5.97%$468.84
78,450 at 5.98%$469.34
78,450 at 5.99%$469.84
78,450 at 6%$470.35
78,450 at 6.01%$470.85
78,450 at 6.02%$471.36
78,450 at 6.03%$471.86
78,450 at 6.04%$472.37
78,450 at 6.05%$472.87
78,450 at 6.06%$473.38
78,450 at 6.07%$473.88
78,450 at 6.08%$474.39
78,450 at 6.09%$474.90
78,450 at 6.1%$475.40
78,450 at 6.11%$475.91
78,450 at 6.12%$476.42
78,450 at 6.13%$476.92
78,450 at 6.14%$477.43
78,450 at 6.15%$477.94
78,450 at 6.16%$478.45
78,450 at 6.17%$478.96
78,450 at 6.18%$479.46
78,450 at 6.19%$479.97
78,450 at 6.2%$480.48
78,450 at 6.21%$480.99
78,450 at 6.22%$481.50
78,450 at 6.23%$482.01
78,450 at 6.24%$482.52
78,450 at 6.25%$483.03
78,450 at 6.26%$483.54
78,450 at 6.27%$484.05
78,450 at 6.28%$484.56
78,450 at 6.29%$485.07
78,450 at 6.3%$485.58
78,450 at 6.31%$486.10
78,450 at 6.32%$486.61
78,450 at 6.33%$487.12
78,450 at 6.34%$487.63
78,450 at 6.35%$488.14
78,450 at 6.36%$488.66
78,450 at 6.37%$489.17
78,450 at 6.38%$489.68
78,450 at 6.39%$490.20
78,450 at 6.4%$490.71
78,450 at 6.41%$491.22
78,450 at 6.42%$491.74
78,450 at 6.43%$492.25
78,450 at 6.44%$492.77
78,450 at 6.45%$493.28
78,450 at 6.46%$493.80
78,450 at 6.47%$494.31
78,450 at 6.48%$494.83
78,450 at 6.49%$495.34
78,450 at 6.5%$495.86
Interest Rate 30 Year
78,450 at 6.51%$496.37
78,450 at 6.52%$496.89
78,450 at 6.53%$497.41
78,450 at 6.54%$497.92
78,450 at 6.55%$498.44
78,450 at 6.56%$498.96
78,450 at 6.57%$499.47
78,450 at 6.58%$499.99
78,450 at 6.59%$500.51
78,450 at 6.6%$501.03
78,450 at 6.61%$501.55
78,450 at 6.62%$502.06
78,450 at 6.63%$502.58
78,450 at 6.64%$503.10
78,450 at 6.65%$503.62
78,450 at 6.66%$504.14
78,450 at 6.67%$504.66
78,450 at 6.68%$505.18
78,450 at 6.69%$505.70
78,450 at 6.7%$506.22
78,450 at 6.71%$506.74
78,450 at 6.72%$507.26
78,450 at 6.73%$507.78
78,450 at 6.74%$508.30
78,450 at 6.75%$508.83
78,450 at 6.76%$509.35
78,450 at 6.77%$509.87
78,450 at 6.78%$510.39
78,450 at 6.79%$510.91
78,450 at 6.8%$511.44
78,450 at 6.81%$511.96
78,450 at 6.82%$512.48
78,450 at 6.83%$513.00
78,450 at 6.84%$513.53
78,450 at 6.85%$514.05
78,450 at 6.86%$514.57
78,450 at 6.87%$515.10
78,450 at 6.88%$515.62
78,450 at 6.89%$516.15
78,450 at 6.9%$516.67
78,450 at 6.91%$517.20
78,450 at 6.92%$517.72
78,450 at 6.93%$518.25
78,450 at 6.94%$518.77
78,450 at 6.95%$519.30
78,450 at 6.96%$519.82
78,450 at 6.97%$520.35
78,450 at 6.98%$520.88
78,450 at 6.99%$521.40
78,450 at 7%$521.93
78,450 at 7.01%$522.46
78,450 at 7.02%$522.98
78,450 at 7.03%$523.51
78,450 at 7.04%$524.04
78,450 at 7.05%$524.57
78,450 at 7.06%$525.09
78,450 at 7.07%$525.62
78,450 at 7.08%$526.15
78,450 at 7.09%$526.68
78,450 at 7.1%$527.21
78,450 at 7.11%$527.74
78,450 at 7.12%$528.27
78,450 at 7.13%$528.80
78,450 at 7.14%$529.33
78,450 at 7.15%$529.86
78,450 at 7.16%$530.39
78,450 at 7.17%$530.92
78,450 at 7.18%$531.45
78,450 at 7.19%$531.98
78,450 at 7.2%$532.51
78,450 at 7.21%$533.04
78,450 at 7.22%$533.57
78,450 at 7.23%$534.10
78,450 at 7.24%$534.64
78,450 at 7.25%$535.17
78,450 at 7.26%$535.70
78,450 at 7.27%$536.23
78,450 at 7.28%$536.76
78,450 at 7.29%$537.30
78,450 at 7.3%$537.83
78,450 at 7.31%$538.36
78,450 at 7.32%$538.90
78,450 at 7.33%$539.43
78,450 at 7.34%$539.96
78,450 at 7.35%$540.50
78,450 at 7.36%$541.03
78,450 at 7.37%$541.57
78,450 at 7.38%$542.10
78,450 at 7.39%$542.64
78,450 at 7.4%$543.17
78,450 at 7.41%$543.71
78,450 at 7.42%$544.24
78,450 at 7.43%$544.78
78,450 at 7.44%$545.31
78,450 at 7.45%$545.85
78,450 at 7.46%$546.39
78,450 at 7.47%$546.92
78,450 at 7.48%$547.46
78,450 at 7.49%$548.00
78,450 at 7.5%$548.53
78,450 at 7.51%$549.07
78,450 at 7.52%$549.61
78,450 at 7.53%$550.15
78,450 at 7.54%$550.68
78,450 at 7.55%$551.22
78,450 at 7.56%$551.76
78,450 at 7.57%$552.30
78,450 at 7.58%$552.84
78,450 at 7.59%$553.38
78,450 at 7.6%$553.92
78,450 at 7.61%$554.45
78,450 at 7.62%$554.99
78,450 at 7.63%$555.53
78,450 at 7.64%$556.07
78,450 at 7.65%$556.61
78,450 at 7.66%$557.15
78,450 at 7.67%$557.69
78,450 at 7.68%$558.24
78,450 at 7.69%$558.78
78,450 at 7.7%$559.32
78,450 at 7.71%$559.86
78,450 at 7.72%$560.40
78,450 at 7.73%$560.94
78,450 at 7.74%$561.48
78,450 at 7.75%$562.03
78,450 at 7.76%$562.57
78,450 at 7.77%$563.11
78,450 at 7.78%$563.65
78,450 at 7.79%$564.20
78,450 at 7.8%$564.74
78,450 at 7.81%$565.28
78,450 at 7.82%$565.82
78,450 at 7.83%$566.37
78,450 at 7.84%$566.91
78,450 at 7.85%$567.46
78,450 at 7.86%$568.00
78,450 at 7.87%$568.54
78,450 at 7.88%$569.09
78,450 at 7.89%$569.63
78,450 at 7.9%$570.18
78,450 at 7.91%$570.72
78,450 at 7.92%$571.27
78,450 at 7.93%$571.81
78,450 at 7.94%$572.36
78,450 at 7.95%$572.91
78,450 at 7.96%$573.45
78,450 at 7.97%$574.00
78,450 at 7.98%$574.54
78,450 at 7.99%$575.09
78,450 at 8%$575.64
More Amounts
What is the down payment for a $78,450 house? How much do you need to put down?
Percent Down Down Payment
1%785
2%1,569
3%2,354
4%3,138
5%3,923
6%4,707
7%5,492
8%6,276
9%7,061
10%7,845
11%8,630
12%9,414
13%10,199
14%10,983
15%11,768
16%12,552
17%13,337
18%14,121
19%14,906
20%15,690
Percent Down Down Payment
21%16,475
22%17,259
23%18,044
24%18,828
25%19,613
26%20,397
27%21,182
28%21,966
29%22,751
30%23,535
31%24,320
32%25,104
33%25,889
34%26,673
35%27,458
36%28,242
37%29,027
38%29,811
39%30,596
40%31,380
Percent Down Down Payment
41%32,165
42%32,949
43%33,734
44%34,518
45%35,303
46%36,087
47%36,872
48%37,656
49%38,441
50%39,225
51%40,010
52%40,794
53%41,579
54%42,363
55%43,148
56%43,932
57%44,717
58%45,501
59%46,286
60%47,070
Percent Down Down Payment
61%47,855
62%48,639
63%49,424
64%50,208
65%50,993
66%51,777
67%52,562
68%53,346
69%54,131
70%54,915
71%55,700
72%56,484
73%57,269
74%58,053
75%58,838
76%59,622
77%60,407
78%61,191
79%61,976
80%62,760
Percent Down Down Payment
81%63,545
82%64,329
83%65,114
84%65,898
85%66,683
86%67,467
87%68,252
88%69,036
89%69,821
90%70,605
91%71,390
92%72,174
93%72,959
94%73,743
95%74,528
96%75,312
97%76,097
98%76,881
99%77,666
100%78,450
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.