$87,400 Mortgage for 30 Years

What is the monthly payment of a 87,400 dollar loan?
$
$
%
%
years
Loan Tables for a $87,400 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 87k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $87,400 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
87,400 at 2.01%$323.48
87,400 at 2.02%$323.92
87,400 at 2.03%$324.36
87,400 at 2.04%$324.80
87,400 at 2.05%$325.24
87,400 at 2.06%$325.68
87,400 at 2.07%$326.12
87,400 at 2.08%$326.56
87,400 at 2.09%$327.00
87,400 at 2.1%$327.44
87,400 at 2.11%$327.88
87,400 at 2.12%$328.32
87,400 at 2.13%$328.76
87,400 at 2.14%$329.20
87,400 at 2.15%$329.64
87,400 at 2.16%$330.09
87,400 at 2.17%$330.53
87,400 at 2.18%$330.97
87,400 at 2.19%$331.41
87,400 at 2.2%$331.86
87,400 at 2.21%$332.30
87,400 at 2.22%$332.75
87,400 at 2.23%$333.19
87,400 at 2.24%$333.64
87,400 at 2.25%$334.08
87,400 at 2.26%$334.53
87,400 at 2.27%$334.98
87,400 at 2.28%$335.42
87,400 at 2.29%$335.87
87,400 at 2.3%$336.32
87,400 at 2.31%$336.76
87,400 at 2.32%$337.21
87,400 at 2.33%$337.66
87,400 at 2.34%$338.11
87,400 at 2.35%$338.56
87,400 at 2.36%$339.01
87,400 at 2.37%$339.46
87,400 at 2.38%$339.91
87,400 at 2.39%$340.36
87,400 at 2.4%$340.81
87,400 at 2.41%$341.26
87,400 at 2.42%$341.71
87,400 at 2.43%$342.16
87,400 at 2.44%$342.62
87,400 at 2.45%$343.07
87,400 at 2.46%$343.52
87,400 at 2.47%$343.97
87,400 at 2.48%$344.43
87,400 at 2.49%$344.88
87,400 at 2.5%$345.34
87,400 at 2.51%$345.79
87,400 at 2.52%$346.25
87,400 at 2.53%$346.70
87,400 at 2.54%$347.16
87,400 at 2.55%$347.61
87,400 at 2.56%$348.07
87,400 at 2.57%$348.52
87,400 at 2.58%$348.98
87,400 at 2.59%$349.44
87,400 at 2.6%$349.90
87,400 at 2.61%$350.35
87,400 at 2.62%$350.81
87,400 at 2.63%$351.27
87,400 at 2.64%$351.73
87,400 at 2.65%$352.19
87,400 at 2.66%$352.65
87,400 at 2.67%$353.11
87,400 at 2.68%$353.57
87,400 at 2.69%$354.03
87,400 at 2.7%$354.49
87,400 at 2.71%$354.95
87,400 at 2.72%$355.42
87,400 at 2.73%$355.88
87,400 at 2.74%$356.34
87,400 at 2.75%$356.80
87,400 at 2.76%$357.27
87,400 at 2.77%$357.73
87,400 at 2.78%$358.19
87,400 at 2.79%$358.66
87,400 at 2.8%$359.12
87,400 at 2.81%$359.59
87,400 at 2.82%$360.05
87,400 at 2.83%$360.52
87,400 at 2.84%$360.98
87,400 at 2.85%$361.45
87,400 at 2.86%$361.92
87,400 at 2.87%$362.38
87,400 at 2.88%$362.85
87,400 at 2.89%$363.32
87,400 at 2.9%$363.79
87,400 at 2.91%$364.25
87,400 at 2.92%$364.72
87,400 at 2.93%$365.19
87,400 at 2.94%$365.66
87,400 at 2.95%$366.13
87,400 at 2.96%$366.60
87,400 at 2.97%$367.07
87,400 at 2.98%$367.54
87,400 at 2.99%$368.01
87,400 at 3%$368.48
87,400 at 3.01%$368.95
87,400 at 3.02%$369.43
87,400 at 3.03%$369.90
87,400 at 3.04%$370.37
87,400 at 3.05%$370.84
87,400 at 3.06%$371.32
87,400 at 3.07%$371.79
87,400 at 3.08%$372.26
87,400 at 3.09%$372.74
87,400 at 3.1%$373.21
87,400 at 3.11%$373.69
87,400 at 3.12%$374.16
87,400 at 3.13%$374.64
87,400 at 3.14%$375.11
87,400 at 3.15%$375.59
87,400 at 3.16%$376.07
87,400 at 3.17%$376.54
87,400 at 3.18%$377.02
87,400 at 3.19%$377.50
87,400 at 3.2%$377.98
87,400 at 3.21%$378.45
87,400 at 3.22%$378.93
87,400 at 3.23%$379.41
87,400 at 3.24%$379.89
87,400 at 3.25%$380.37
87,400 at 3.26%$380.85
87,400 at 3.27%$381.33
87,400 at 3.28%$381.81
87,400 at 3.29%$382.29
87,400 at 3.3%$382.77
87,400 at 3.31%$383.25
87,400 at 3.32%$383.74
87,400 at 3.33%$384.22
87,400 at 3.34%$384.70
87,400 at 3.35%$385.18
87,400 at 3.36%$385.67
87,400 at 3.37%$386.15
87,400 at 3.38%$386.63
87,400 at 3.39%$387.12
87,400 at 3.4%$387.60
87,400 at 3.41%$388.09
87,400 at 3.42%$388.57
87,400 at 3.43%$389.06
87,400 at 3.44%$389.54
87,400 at 3.45%$390.03
87,400 at 3.46%$390.52
87,400 at 3.47%$391.00
87,400 at 3.48%$391.49
87,400 at 3.49%$391.98
87,400 at 3.5%$392.47
Interest Rate 30 Year
87,400 at 3.51%$392.95
87,400 at 3.52%$393.44
87,400 at 3.53%$393.93
87,400 at 3.54%$394.42
87,400 at 3.55%$394.91
87,400 at 3.56%$395.40
87,400 at 3.57%$395.89
87,400 at 3.58%$396.38
87,400 at 3.59%$396.87
87,400 at 3.6%$397.36
87,400 at 3.61%$397.85
87,400 at 3.62%$398.34
87,400 at 3.63%$398.83
87,400 at 3.64%$399.33
87,400 at 3.65%$399.82
87,400 at 3.66%$400.31
87,400 at 3.67%$400.81
87,400 at 3.68%$401.30
87,400 at 3.69%$401.79
87,400 at 3.7%$402.29
87,400 at 3.71%$402.78
87,400 at 3.72%$403.28
87,400 at 3.73%$403.77
87,400 at 3.74%$404.27
87,400 at 3.75%$404.76
87,400 at 3.76%$405.26
87,400 at 3.77%$405.76
87,400 at 3.78%$406.25
87,400 at 3.79%$406.75
87,400 at 3.8%$407.25
87,400 at 3.81%$407.74
87,400 at 3.82%$408.24
87,400 at 3.83%$408.74
87,400 at 3.84%$409.24
87,400 at 3.85%$409.74
87,400 at 3.86%$410.24
87,400 at 3.87%$410.74
87,400 at 3.88%$411.24
87,400 at 3.89%$411.74
87,400 at 3.9%$412.24
87,400 at 3.91%$412.74
87,400 at 3.92%$413.24
87,400 at 3.93%$413.74
87,400 at 3.94%$414.24
87,400 at 3.95%$414.75
87,400 at 3.96%$415.25
87,400 at 3.97%$415.75
87,400 at 3.98%$416.25
87,400 at 3.99%$416.76
87,400 at 4%$417.26
87,400 at 4.01%$417.76
87,400 at 4.02%$418.27
87,400 at 4.03%$418.77
87,400 at 4.04%$419.28
87,400 at 4.05%$419.78
87,400 at 4.06%$420.29
87,400 at 4.07%$420.80
87,400 at 4.08%$421.30
87,400 at 4.09%$421.81
87,400 at 4.1%$422.32
87,400 at 4.11%$422.82
87,400 at 4.12%$423.33
87,400 at 4.13%$423.84
87,400 at 4.14%$424.35
87,400 at 4.15%$424.85
87,400 at 4.16%$425.36
87,400 at 4.17%$425.87
87,400 at 4.18%$426.38
87,400 at 4.19%$426.89
87,400 at 4.2%$427.40
87,400 at 4.21%$427.91
87,400 at 4.22%$428.42
87,400 at 4.23%$428.93
87,400 at 4.24%$429.44
87,400 at 4.25%$429.96
87,400 at 4.26%$430.47
87,400 at 4.27%$430.98
87,400 at 4.28%$431.49
87,400 at 4.29%$432.00
87,400 at 4.3%$432.52
87,400 at 4.31%$433.03
87,400 at 4.32%$433.54
87,400 at 4.33%$434.06
87,400 at 4.34%$434.57
87,400 at 4.35%$435.09
87,400 at 4.36%$435.60
87,400 at 4.37%$436.12
87,400 at 4.38%$436.63
87,400 at 4.39%$437.15
87,400 at 4.4%$437.67
87,400 at 4.41%$438.18
87,400 at 4.42%$438.70
87,400 at 4.43%$439.22
87,400 at 4.44%$439.73
87,400 at 4.45%$440.25
87,400 at 4.46%$440.77
87,400 at 4.47%$441.29
87,400 at 4.48%$441.80
87,400 at 4.49%$442.32
87,400 at 4.5%$442.84
87,400 at 4.51%$443.36
87,400 at 4.52%$443.88
87,400 at 4.53%$444.40
87,400 at 4.54%$444.92
87,400 at 4.55%$445.44
87,400 at 4.56%$445.96
87,400 at 4.57%$446.49
87,400 at 4.58%$447.01
87,400 at 4.59%$447.53
87,400 at 4.6%$448.05
87,400 at 4.61%$448.57
87,400 at 4.62%$449.10
87,400 at 4.63%$449.62
87,400 at 4.64%$450.14
87,400 at 4.65%$450.67
87,400 at 4.66%$451.19
87,400 at 4.67%$451.71
87,400 at 4.68%$452.24
87,400 at 4.69%$452.76
87,400 at 4.7%$453.29
87,400 at 4.71%$453.81
87,400 at 4.72%$454.34
87,400 at 4.73%$454.87
87,400 at 4.74%$455.39
87,400 at 4.75%$455.92
87,400 at 4.76%$456.45
87,400 at 4.77%$456.97
87,400 at 4.78%$457.50
87,400 at 4.79%$458.03
87,400 at 4.8%$458.56
87,400 at 4.81%$459.09
87,400 at 4.82%$459.61
87,400 at 4.83%$460.14
87,400 at 4.84%$460.67
87,400 at 4.85%$461.20
87,400 at 4.86%$461.73
87,400 at 4.87%$462.26
87,400 at 4.88%$462.79
87,400 at 4.89%$463.32
87,400 at 4.9%$463.86
87,400 at 4.91%$464.39
87,400 at 4.92%$464.92
87,400 at 4.93%$465.45
87,400 at 4.94%$465.98
87,400 at 4.95%$466.51
87,400 at 4.96%$467.05
87,400 at 4.97%$467.58
87,400 at 4.98%$468.11
87,400 at 4.99%$468.65
87,400 at 5%$469.18
Interest Rate 30 Year
87,400 at 5.01%$469.72
87,400 at 5.02%$470.25
87,400 at 5.03%$470.79
87,400 at 5.04%$471.32
87,400 at 5.05%$471.86
87,400 at 5.06%$472.39
87,400 at 5.07%$472.93
87,400 at 5.08%$473.46
87,400 at 5.09%$474.00
87,400 at 5.1%$474.54
87,400 at 5.11%$475.08
87,400 at 5.12%$475.61
87,400 at 5.13%$476.15
87,400 at 5.14%$476.69
87,400 at 5.15%$477.23
87,400 at 5.16%$477.77
87,400 at 5.17%$478.30
87,400 at 5.18%$478.84
87,400 at 5.19%$479.38
87,400 at 5.2%$479.92
87,400 at 5.21%$480.46
87,400 at 5.22%$481.00
87,400 at 5.23%$481.54
87,400 at 5.24%$482.08
87,400 at 5.25%$482.63
87,400 at 5.26%$483.17
87,400 at 5.27%$483.71
87,400 at 5.28%$484.25
87,400 at 5.29%$484.79
87,400 at 5.3%$485.34
87,400 at 5.31%$485.88
87,400 at 5.32%$486.42
87,400 at 5.33%$486.97
87,400 at 5.34%$487.51
87,400 at 5.35%$488.05
87,400 at 5.36%$488.60
87,400 at 5.37%$489.14
87,400 at 5.38%$489.69
87,400 at 5.39%$490.23
87,400 at 5.4%$490.78
87,400 at 5.41%$491.32
87,400 at 5.42%$491.87
87,400 at 5.43%$492.42
87,400 at 5.44%$492.96
87,400 at 5.45%$493.51
87,400 at 5.46%$494.06
87,400 at 5.47%$494.60
87,400 at 5.48%$495.15
87,400 at 5.49%$495.70
87,400 at 5.5%$496.25
87,400 at 5.51%$496.80
87,400 at 5.52%$497.34
87,400 at 5.53%$497.89
87,400 at 5.54%$498.44
87,400 at 5.55%$498.99
87,400 at 5.56%$499.54
87,400 at 5.57%$500.09
87,400 at 5.58%$500.64
87,400 at 5.59%$501.19
87,400 at 5.6%$501.75
87,400 at 5.61%$502.30
87,400 at 5.62%$502.85
87,400 at 5.63%$503.40
87,400 at 5.64%$503.95
87,400 at 5.65%$504.50
87,400 at 5.66%$505.06
87,400 at 5.67%$505.61
87,400 at 5.68%$506.16
87,400 at 5.69%$506.72
87,400 at 5.7%$507.27
87,400 at 5.71%$507.82
87,400 at 5.72%$508.38
87,400 at 5.73%$508.93
87,400 at 5.74%$509.49
87,400 at 5.75%$510.04
87,400 at 5.76%$510.60
87,400 at 5.77%$511.15
87,400 at 5.78%$511.71
87,400 at 5.79%$512.27
87,400 at 5.8%$512.82
87,400 at 5.81%$513.38
87,400 at 5.82%$513.94
87,400 at 5.83%$514.49
87,400 at 5.84%$515.05
87,400 at 5.85%$515.61
87,400 at 5.86%$516.17
87,400 at 5.87%$516.72
87,400 at 5.88%$517.28
87,400 at 5.89%$517.84
87,400 at 5.9%$518.40
87,400 at 5.91%$518.96
87,400 at 5.92%$519.52
87,400 at 5.93%$520.08
87,400 at 5.94%$520.64
87,400 at 5.95%$521.20
87,400 at 5.96%$521.76
87,400 at 5.97%$522.32
87,400 at 5.98%$522.88
87,400 at 5.99%$523.45
87,400 at 6%$524.01
87,400 at 6.01%$524.57
87,400 at 6.02%$525.13
87,400 at 6.03%$525.69
87,400 at 6.04%$526.26
87,400 at 6.05%$526.82
87,400 at 6.06%$527.38
87,400 at 6.07%$527.95
87,400 at 6.08%$528.51
87,400 at 6.09%$529.08
87,400 at 6.1%$529.64
87,400 at 6.11%$530.20
87,400 at 6.12%$530.77
87,400 at 6.13%$531.33
87,400 at 6.14%$531.90
87,400 at 6.15%$532.47
87,400 at 6.16%$533.03
87,400 at 6.17%$533.60
87,400 at 6.18%$534.16
87,400 at 6.19%$534.73
87,400 at 6.2%$535.30
87,400 at 6.21%$535.87
87,400 at 6.22%$536.43
87,400 at 6.23%$537.00
87,400 at 6.24%$537.57
87,400 at 6.25%$538.14
87,400 at 6.26%$538.71
87,400 at 6.27%$539.27
87,400 at 6.28%$539.84
87,400 at 6.29%$540.41
87,400 at 6.3%$540.98
87,400 at 6.31%$541.55
87,400 at 6.32%$542.12
87,400 at 6.33%$542.69
87,400 at 6.34%$543.26
87,400 at 6.35%$543.83
87,400 at 6.36%$544.41
87,400 at 6.37%$544.98
87,400 at 6.38%$545.55
87,400 at 6.39%$546.12
87,400 at 6.4%$546.69
87,400 at 6.41%$547.26
87,400 at 6.42%$547.84
87,400 at 6.43%$548.41
87,400 at 6.44%$548.98
87,400 at 6.45%$549.56
87,400 at 6.46%$550.13
87,400 at 6.47%$550.70
87,400 at 6.48%$551.28
87,400 at 6.49%$551.85
87,400 at 6.5%$552.43
Interest Rate 30 Year
87,400 at 6.51%$553.00
87,400 at 6.52%$553.58
87,400 at 6.53%$554.15
87,400 at 6.54%$554.73
87,400 at 6.55%$555.30
87,400 at 6.56%$555.88
87,400 at 6.57%$556.46
87,400 at 6.58%$557.03
87,400 at 6.59%$557.61
87,400 at 6.6%$558.19
87,400 at 6.61%$558.77
87,400 at 6.62%$559.34
87,400 at 6.63%$559.92
87,400 at 6.64%$560.50
87,400 at 6.65%$561.08
87,400 at 6.66%$561.66
87,400 at 6.67%$562.23
87,400 at 6.68%$562.81
87,400 at 6.69%$563.39
87,400 at 6.7%$563.97
87,400 at 6.71%$564.55
87,400 at 6.72%$565.13
87,400 at 6.73%$565.71
87,400 at 6.74%$566.29
87,400 at 6.75%$566.87
87,400 at 6.76%$567.46
87,400 at 6.77%$568.04
87,400 at 6.78%$568.62
87,400 at 6.79%$569.20
87,400 at 6.8%$569.78
87,400 at 6.81%$570.36
87,400 at 6.82%$570.95
87,400 at 6.83%$571.53
87,400 at 6.84%$572.11
87,400 at 6.85%$572.70
87,400 at 6.86%$573.28
87,400 at 6.87%$573.86
87,400 at 6.88%$574.45
87,400 at 6.89%$575.03
87,400 at 6.9%$575.62
87,400 at 6.91%$576.20
87,400 at 6.92%$576.79
87,400 at 6.93%$577.37
87,400 at 6.94%$577.96
87,400 at 6.95%$578.54
87,400 at 6.96%$579.13
87,400 at 6.97%$579.71
87,400 at 6.98%$580.30
87,400 at 6.99%$580.89
87,400 at 7%$581.47
87,400 at 7.01%$582.06
87,400 at 7.02%$582.65
87,400 at 7.03%$583.24
87,400 at 7.04%$583.82
87,400 at 7.05%$584.41
87,400 at 7.06%$585.00
87,400 at 7.07%$585.59
87,400 at 7.08%$586.18
87,400 at 7.09%$586.77
87,400 at 7.1%$587.36
87,400 at 7.11%$587.95
87,400 at 7.12%$588.54
87,400 at 7.13%$589.12
87,400 at 7.14%$589.72
87,400 at 7.15%$590.31
87,400 at 7.16%$590.90
87,400 at 7.17%$591.49
87,400 at 7.18%$592.08
87,400 at 7.19%$592.67
87,400 at 7.2%$593.26
87,400 at 7.21%$593.85
87,400 at 7.22%$594.44
87,400 at 7.23%$595.04
87,400 at 7.24%$595.63
87,400 at 7.25%$596.22
87,400 at 7.26%$596.81
87,400 at 7.27%$597.41
87,400 at 7.28%$598.00
87,400 at 7.29%$598.60
87,400 at 7.3%$599.19
87,400 at 7.31%$599.78
87,400 at 7.32%$600.38
87,400 at 7.33%$600.97
87,400 at 7.34%$601.57
87,400 at 7.35%$602.16
87,400 at 7.36%$602.76
87,400 at 7.37%$603.35
87,400 at 7.38%$603.95
87,400 at 7.39%$604.54
87,400 at 7.4%$605.14
87,400 at 7.41%$605.74
87,400 at 7.42%$606.33
87,400 at 7.43%$606.93
87,400 at 7.44%$607.53
87,400 at 7.45%$608.12
87,400 at 7.46%$608.72
87,400 at 7.47%$609.32
87,400 at 7.48%$609.92
87,400 at 7.49%$610.52
87,400 at 7.5%$611.11
87,400 at 7.51%$611.71
87,400 at 7.52%$612.31
87,400 at 7.53%$612.91
87,400 at 7.54%$613.51
87,400 at 7.55%$614.11
87,400 at 7.56%$614.71
87,400 at 7.57%$615.31
87,400 at 7.58%$615.91
87,400 at 7.59%$616.51
87,400 at 7.6%$617.11
87,400 at 7.61%$617.71
87,400 at 7.62%$618.31
87,400 at 7.63%$618.91
87,400 at 7.64%$619.51
87,400 at 7.65%$620.12
87,400 at 7.66%$620.72
87,400 at 7.67%$621.32
87,400 at 7.68%$621.92
87,400 at 7.69%$622.52
87,400 at 7.7%$623.13
87,400 at 7.71%$623.73
87,400 at 7.72%$624.33
87,400 at 7.73%$624.94
87,400 at 7.74%$625.54
87,400 at 7.75%$626.14
87,400 at 7.76%$626.75
87,400 at 7.77%$627.35
87,400 at 7.78%$627.96
87,400 at 7.79%$628.56
87,400 at 7.8%$629.17
87,400 at 7.81%$629.77
87,400 at 7.82%$630.38
87,400 at 7.83%$630.98
87,400 at 7.84%$631.59
87,400 at 7.85%$632.19
87,400 at 7.86%$632.80
87,400 at 7.87%$633.41
87,400 at 7.88%$634.01
87,400 at 7.89%$634.62
87,400 at 7.9%$635.23
87,400 at 7.91%$635.84
87,400 at 7.92%$636.44
87,400 at 7.93%$637.05
87,400 at 7.94%$637.66
87,400 at 7.95%$638.27
87,400 at 7.96%$638.87
87,400 at 7.97%$639.48
87,400 at 7.98%$640.09
87,400 at 7.99%$640.70
87,400 at 8%$641.31
More Amounts
What is the down payment for a $87,400 house? How much do you need to put down?
Percent Down Down Payment
1%874
2%1,748
3%2,622
4%3,496
5%4,370
6%5,244
7%6,118
8%6,992
9%7,866
10%8,740
11%9,614
12%10,488
13%11,362
14%12,236
15%13,110
16%13,984
17%14,858
18%15,732
19%16,606
20%17,480
Percent Down Down Payment
21%18,354
22%19,228
23%20,102
24%20,976
25%21,850
26%22,724
27%23,598
28%24,472
29%25,346
30%26,220
31%27,094
32%27,968
33%28,842
34%29,716
35%30,590
36%31,464
37%32,338
38%33,212
39%34,086
40%34,960
Percent Down Down Payment
41%35,834
42%36,708
43%37,582
44%38,456
45%39,330
46%40,204
47%41,078
48%41,952
49%42,826
50%43,700
51%44,574
52%45,448
53%46,322
54%47,196
55%48,070
56%48,944
57%49,818
58%50,692
59%51,566
60%52,440
Percent Down Down Payment
61%53,314
62%54,188
63%55,062
64%55,936
65%56,810
66%57,684
67%58,558
68%59,432
69%60,306
70%61,180
71%62,054
72%62,928
73%63,802
74%64,676
75%65,550
76%66,424
77%67,298
78%68,172
79%69,046
80%69,920
Percent Down Down Payment
81%70,794
82%71,668
83%72,542
84%73,416
85%74,290
86%75,164
87%76,038
88%76,912
89%77,786
90%78,660
91%79,534
92%80,408
93%81,282
94%82,156
95%83,030
96%83,904
97%84,778
98%85,652
99%86,526
100%87,400
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.