$88,450 Mortgage for 30 Years

What is the monthly payment of a 88,450 dollar loan?
$
$
%
%
years
Loan Tables for a $88,450 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 88k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $88,450 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
88,450 at 2.01%$327.37
88,450 at 2.02%$327.81
88,450 at 2.03%$328.26
88,450 at 2.04%$328.70
88,450 at 2.05%$329.14
88,450 at 2.06%$329.59
88,450 at 2.07%$330.03
88,450 at 2.08%$330.48
88,450 at 2.09%$330.92
88,450 at 2.1%$331.37
88,450 at 2.11%$331.82
88,450 at 2.12%$332.26
88,450 at 2.13%$332.71
88,450 at 2.14%$333.16
88,450 at 2.15%$333.60
88,450 at 2.16%$334.05
88,450 at 2.17%$334.50
88,450 at 2.18%$334.95
88,450 at 2.19%$335.40
88,450 at 2.2%$335.85
88,450 at 2.21%$336.29
88,450 at 2.22%$336.74
88,450 at 2.23%$337.20
88,450 at 2.24%$337.65
88,450 at 2.25%$338.10
88,450 at 2.26%$338.55
88,450 at 2.27%$339.00
88,450 at 2.28%$339.45
88,450 at 2.29%$339.90
88,450 at 2.3%$340.36
88,450 at 2.31%$340.81
88,450 at 2.32%$341.26
88,450 at 2.33%$341.72
88,450 at 2.34%$342.17
88,450 at 2.35%$342.63
88,450 at 2.36%$343.08
88,450 at 2.37%$343.54
88,450 at 2.38%$343.99
88,450 at 2.39%$344.45
88,450 at 2.4%$344.90
88,450 at 2.41%$345.36
88,450 at 2.42%$345.82
88,450 at 2.43%$346.27
88,450 at 2.44%$346.73
88,450 at 2.45%$347.19
88,450 at 2.46%$347.65
88,450 at 2.47%$348.11
88,450 at 2.48%$348.57
88,450 at 2.49%$349.02
88,450 at 2.5%$349.48
88,450 at 2.51%$349.94
88,450 at 2.52%$350.40
88,450 at 2.53%$350.87
88,450 at 2.54%$351.33
88,450 at 2.55%$351.79
88,450 at 2.56%$352.25
88,450 at 2.57%$352.71
88,450 at 2.58%$353.17
88,450 at 2.59%$353.64
88,450 at 2.6%$354.10
88,450 at 2.61%$354.56
88,450 at 2.62%$355.03
88,450 at 2.63%$355.49
88,450 at 2.64%$355.96
88,450 at 2.65%$356.42
88,450 at 2.66%$356.89
88,450 at 2.67%$357.35
88,450 at 2.68%$357.82
88,450 at 2.69%$358.28
88,450 at 2.7%$358.75
88,450 at 2.71%$359.22
88,450 at 2.72%$359.69
88,450 at 2.73%$360.15
88,450 at 2.74%$360.62
88,450 at 2.75%$361.09
88,450 at 2.76%$361.56
88,450 at 2.77%$362.03
88,450 at 2.78%$362.50
88,450 at 2.79%$362.97
88,450 at 2.8%$363.44
88,450 at 2.81%$363.91
88,450 at 2.82%$364.38
88,450 at 2.83%$364.85
88,450 at 2.84%$365.32
88,450 at 2.85%$365.79
88,450 at 2.86%$366.26
88,450 at 2.87%$366.74
88,450 at 2.88%$367.21
88,450 at 2.89%$367.68
88,450 at 2.9%$368.16
88,450 at 2.91%$368.63
88,450 at 2.92%$369.10
88,450 at 2.93%$369.58
88,450 at 2.94%$370.05
88,450 at 2.95%$370.53
88,450 at 2.96%$371.00
88,450 at 2.97%$371.48
88,450 at 2.98%$371.96
88,450 at 2.99%$372.43
88,450 at 3%$372.91
88,450 at 3.01%$373.39
88,450 at 3.02%$373.86
88,450 at 3.03%$374.34
88,450 at 3.04%$374.82
88,450 at 3.05%$375.30
88,450 at 3.06%$375.78
88,450 at 3.07%$376.26
88,450 at 3.08%$376.74
88,450 at 3.09%$377.22
88,450 at 3.1%$377.70
88,450 at 3.11%$378.18
88,450 at 3.12%$378.66
88,450 at 3.13%$379.14
88,450 at 3.14%$379.62
88,450 at 3.15%$380.10
88,450 at 3.16%$380.58
88,450 at 3.17%$381.07
88,450 at 3.18%$381.55
88,450 at 3.19%$382.03
88,450 at 3.2%$382.52
88,450 at 3.21%$383.00
88,450 at 3.22%$383.49
88,450 at 3.23%$383.97
88,450 at 3.24%$384.45
88,450 at 3.25%$384.94
88,450 at 3.26%$385.43
88,450 at 3.27%$385.91
88,450 at 3.28%$386.40
88,450 at 3.29%$386.88
88,450 at 3.3%$387.37
88,450 at 3.31%$387.86
88,450 at 3.32%$388.35
88,450 at 3.33%$388.83
88,450 at 3.34%$389.32
88,450 at 3.35%$389.81
88,450 at 3.36%$390.30
88,450 at 3.37%$390.79
88,450 at 3.38%$391.28
88,450 at 3.39%$391.77
88,450 at 3.4%$392.26
88,450 at 3.41%$392.75
88,450 at 3.42%$393.24
88,450 at 3.43%$393.73
88,450 at 3.44%$394.22
88,450 at 3.45%$394.72
88,450 at 3.46%$395.21
88,450 at 3.47%$395.70
88,450 at 3.48%$396.19
88,450 at 3.49%$396.69
88,450 at 3.5%$397.18
Interest Rate 30 Year
88,450 at 3.51%$397.67
88,450 at 3.52%$398.17
88,450 at 3.53%$398.66
88,450 at 3.54%$399.16
88,450 at 3.55%$399.65
88,450 at 3.56%$400.15
88,450 at 3.57%$400.64
88,450 at 3.58%$401.14
88,450 at 3.59%$401.64
88,450 at 3.6%$402.13
88,450 at 3.61%$402.63
88,450 at 3.62%$403.13
88,450 at 3.63%$403.63
88,450 at 3.64%$404.12
88,450 at 3.65%$404.62
88,450 at 3.66%$405.12
88,450 at 3.67%$405.62
88,450 at 3.68%$406.12
88,450 at 3.69%$406.62
88,450 at 3.7%$407.12
88,450 at 3.71%$407.62
88,450 at 3.72%$408.12
88,450 at 3.73%$408.62
88,450 at 3.74%$409.12
88,450 at 3.75%$409.63
88,450 at 3.76%$410.13
88,450 at 3.77%$410.63
88,450 at 3.78%$411.13
88,450 at 3.79%$411.64
88,450 at 3.8%$412.14
88,450 at 3.81%$412.64
88,450 at 3.82%$413.15
88,450 at 3.83%$413.65
88,450 at 3.84%$414.16
88,450 at 3.85%$414.66
88,450 at 3.86%$415.17
88,450 at 3.87%$415.67
88,450 at 3.88%$416.18
88,450 at 3.89%$416.68
88,450 at 3.9%$417.19
88,450 at 3.91%$417.70
88,450 at 3.92%$418.20
88,450 at 3.93%$418.71
88,450 at 3.94%$419.22
88,450 at 3.95%$419.73
88,450 at 3.96%$420.24
88,450 at 3.97%$420.75
88,450 at 3.98%$421.25
88,450 at 3.99%$421.76
88,450 at 4%$422.27
88,450 at 4.01%$422.78
88,450 at 4.02%$423.29
88,450 at 4.03%$423.81
88,450 at 4.04%$424.32
88,450 at 4.05%$424.83
88,450 at 4.06%$425.34
88,450 at 4.07%$425.85
88,450 at 4.08%$426.36
88,450 at 4.09%$426.88
88,450 at 4.1%$427.39
88,450 at 4.11%$427.90
88,450 at 4.12%$428.42
88,450 at 4.13%$428.93
88,450 at 4.14%$429.44
88,450 at 4.15%$429.96
88,450 at 4.16%$430.47
88,450 at 4.17%$430.99
88,450 at 4.18%$431.50
88,450 at 4.19%$432.02
88,450 at 4.2%$432.54
88,450 at 4.21%$433.05
88,450 at 4.22%$433.57
88,450 at 4.23%$434.09
88,450 at 4.24%$434.60
88,450 at 4.25%$435.12
88,450 at 4.26%$435.64
88,450 at 4.27%$436.16
88,450 at 4.28%$436.68
88,450 at 4.29%$437.19
88,450 at 4.3%$437.71
88,450 at 4.31%$438.23
88,450 at 4.32%$438.75
88,450 at 4.33%$439.27
88,450 at 4.34%$439.79
88,450 at 4.35%$440.31
88,450 at 4.36%$440.84
88,450 at 4.37%$441.36
88,450 at 4.38%$441.88
88,450 at 4.39%$442.40
88,450 at 4.4%$442.92
88,450 at 4.41%$443.45
88,450 at 4.42%$443.97
88,450 at 4.43%$444.49
88,450 at 4.44%$445.02
88,450 at 4.45%$445.54
88,450 at 4.46%$446.06
88,450 at 4.47%$446.59
88,450 at 4.48%$447.11
88,450 at 4.49%$447.64
88,450 at 4.5%$448.16
88,450 at 4.51%$448.69
88,450 at 4.52%$449.21
88,450 at 4.53%$449.74
88,450 at 4.54%$450.27
88,450 at 4.55%$450.79
88,450 at 4.56%$451.32
88,450 at 4.57%$451.85
88,450 at 4.58%$452.38
88,450 at 4.59%$452.91
88,450 at 4.6%$453.43
88,450 at 4.61%$453.96
88,450 at 4.62%$454.49
88,450 at 4.63%$455.02
88,450 at 4.64%$455.55
88,450 at 4.65%$456.08
88,450 at 4.66%$456.61
88,450 at 4.67%$457.14
88,450 at 4.68%$457.67
88,450 at 4.69%$458.20
88,450 at 4.7%$458.74
88,450 at 4.71%$459.27
88,450 at 4.72%$459.80
88,450 at 4.73%$460.33
88,450 at 4.74%$460.86
88,450 at 4.75%$461.40
88,450 at 4.76%$461.93
88,450 at 4.77%$462.46
88,450 at 4.78%$463.00
88,450 at 4.79%$463.53
88,450 at 4.8%$464.07
88,450 at 4.81%$464.60
88,450 at 4.82%$465.14
88,450 at 4.83%$465.67
88,450 at 4.84%$466.21
88,450 at 4.85%$466.74
88,450 at 4.86%$467.28
88,450 at 4.87%$467.82
88,450 at 4.88%$468.35
88,450 at 4.89%$468.89
88,450 at 4.9%$469.43
88,450 at 4.91%$469.97
88,450 at 4.92%$470.50
88,450 at 4.93%$471.04
88,450 at 4.94%$471.58
88,450 at 4.95%$472.12
88,450 at 4.96%$472.66
88,450 at 4.97%$473.20
88,450 at 4.98%$473.74
88,450 at 4.99%$474.28
88,450 at 5%$474.82
Interest Rate 30 Year
88,450 at 5.01%$475.36
88,450 at 5.02%$475.90
88,450 at 5.03%$476.44
88,450 at 5.04%$476.98
88,450 at 5.05%$477.53
88,450 at 5.06%$478.07
88,450 at 5.07%$478.61
88,450 at 5.08%$479.15
88,450 at 5.09%$479.70
88,450 at 5.1%$480.24
88,450 at 5.11%$480.78
88,450 at 5.12%$481.33
88,450 at 5.13%$481.87
88,450 at 5.14%$482.42
88,450 at 5.15%$482.96
88,450 at 5.16%$483.51
88,450 at 5.17%$484.05
88,450 at 5.18%$484.60
88,450 at 5.19%$485.14
88,450 at 5.2%$485.69
88,450 at 5.21%$486.24
88,450 at 5.22%$486.78
88,450 at 5.23%$487.33
88,450 at 5.24%$487.88
88,450 at 5.25%$488.42
88,450 at 5.26%$488.97
88,450 at 5.27%$489.52
88,450 at 5.28%$490.07
88,450 at 5.29%$490.62
88,450 at 5.3%$491.17
88,450 at 5.31%$491.72
88,450 at 5.32%$492.27
88,450 at 5.33%$492.82
88,450 at 5.34%$493.37
88,450 at 5.35%$493.92
88,450 at 5.36%$494.47
88,450 at 5.37%$495.02
88,450 at 5.38%$495.57
88,450 at 5.39%$496.12
88,450 at 5.4%$496.67
88,450 at 5.41%$497.23
88,450 at 5.42%$497.78
88,450 at 5.43%$498.33
88,450 at 5.44%$498.88
88,450 at 5.45%$499.44
88,450 at 5.46%$499.99
88,450 at 5.47%$500.55
88,450 at 5.48%$501.10
88,450 at 5.49%$501.65
88,450 at 5.5%$502.21
88,450 at 5.51%$502.76
88,450 at 5.52%$503.32
88,450 at 5.53%$503.88
88,450 at 5.54%$504.43
88,450 at 5.55%$504.99
88,450 at 5.56%$505.54
88,450 at 5.57%$506.10
88,450 at 5.58%$506.66
88,450 at 5.59%$507.22
88,450 at 5.6%$507.77
88,450 at 5.61%$508.33
88,450 at 5.62%$508.89
88,450 at 5.63%$509.45
88,450 at 5.64%$510.01
88,450 at 5.65%$510.57
88,450 at 5.66%$511.12
88,450 at 5.67%$511.68
88,450 at 5.68%$512.24
88,450 at 5.69%$512.80
88,450 at 5.7%$513.36
88,450 at 5.71%$513.92
88,450 at 5.72%$514.49
88,450 at 5.73%$515.05
88,450 at 5.74%$515.61
88,450 at 5.75%$516.17
88,450 at 5.76%$516.73
88,450 at 5.77%$517.29
88,450 at 5.78%$517.86
88,450 at 5.79%$518.42
88,450 at 5.8%$518.98
88,450 at 5.81%$519.55
88,450 at 5.82%$520.11
88,450 at 5.83%$520.67
88,450 at 5.84%$521.24
88,450 at 5.85%$521.80
88,450 at 5.86%$522.37
88,450 at 5.87%$522.93
88,450 at 5.88%$523.50
88,450 at 5.89%$524.06
88,450 at 5.9%$524.63
88,450 at 5.91%$525.20
88,450 at 5.92%$525.76
88,450 at 5.93%$526.33
88,450 at 5.94%$526.90
88,450 at 5.95%$527.46
88,450 at 5.96%$528.03
88,450 at 5.97%$528.60
88,450 at 5.98%$529.17
88,450 at 5.99%$529.73
88,450 at 6%$530.30
88,450 at 6.01%$530.87
88,450 at 6.02%$531.44
88,450 at 6.03%$532.01
88,450 at 6.04%$532.58
88,450 at 6.05%$533.15
88,450 at 6.06%$533.72
88,450 at 6.07%$534.29
88,450 at 6.08%$534.86
88,450 at 6.09%$535.43
88,450 at 6.1%$536.00
88,450 at 6.11%$536.57
88,450 at 6.12%$537.15
88,450 at 6.13%$537.72
88,450 at 6.14%$538.29
88,450 at 6.15%$538.86
88,450 at 6.16%$539.44
88,450 at 6.17%$540.01
88,450 at 6.18%$540.58
88,450 at 6.19%$541.15
88,450 at 6.2%$541.73
88,450 at 6.21%$542.30
88,450 at 6.22%$542.88
88,450 at 6.23%$543.45
88,450 at 6.24%$544.03
88,450 at 6.25%$544.60
88,450 at 6.26%$545.18
88,450 at 6.27%$545.75
88,450 at 6.28%$546.33
88,450 at 6.29%$546.90
88,450 at 6.3%$547.48
88,450 at 6.31%$548.06
88,450 at 6.32%$548.64
88,450 at 6.33%$549.21
88,450 at 6.34%$549.79
88,450 at 6.35%$550.37
88,450 at 6.36%$550.95
88,450 at 6.37%$551.52
88,450 at 6.38%$552.10
88,450 at 6.39%$552.68
88,450 at 6.4%$553.26
88,450 at 6.41%$553.84
88,450 at 6.42%$554.42
88,450 at 6.43%$555.00
88,450 at 6.44%$555.58
88,450 at 6.45%$556.16
88,450 at 6.46%$556.74
88,450 at 6.47%$557.32
88,450 at 6.48%$557.90
88,450 at 6.49%$558.48
88,450 at 6.5%$559.06
Interest Rate 30 Year
88,450 at 6.51%$559.65
88,450 at 6.52%$560.23
88,450 at 6.53%$560.81
88,450 at 6.54%$561.39
88,450 at 6.55%$561.98
88,450 at 6.56%$562.56
88,450 at 6.57%$563.14
88,450 at 6.58%$563.73
88,450 at 6.59%$564.31
88,450 at 6.6%$564.89
88,450 at 6.61%$565.48
88,450 at 6.62%$566.06
88,450 at 6.63%$566.65
88,450 at 6.64%$567.23
88,450 at 6.65%$567.82
88,450 at 6.66%$568.40
88,450 at 6.67%$568.99
88,450 at 6.68%$569.58
88,450 at 6.69%$570.16
88,450 at 6.7%$570.75
88,450 at 6.71%$571.34
88,450 at 6.72%$571.92
88,450 at 6.73%$572.51
88,450 at 6.74%$573.10
88,450 at 6.75%$573.69
88,450 at 6.76%$574.27
88,450 at 6.77%$574.86
88,450 at 6.78%$575.45
88,450 at 6.79%$576.04
88,450 at 6.8%$576.63
88,450 at 6.81%$577.22
88,450 at 6.82%$577.81
88,450 at 6.83%$578.40
88,450 at 6.84%$578.99
88,450 at 6.85%$579.58
88,450 at 6.86%$580.17
88,450 at 6.87%$580.76
88,450 at 6.88%$581.35
88,450 at 6.89%$581.94
88,450 at 6.9%$582.53
88,450 at 6.91%$583.12
88,450 at 6.92%$583.72
88,450 at 6.93%$584.31
88,450 at 6.94%$584.90
88,450 at 6.95%$585.49
88,450 at 6.96%$586.09
88,450 at 6.97%$586.68
88,450 at 6.98%$587.27
88,450 at 6.99%$587.87
88,450 at 7%$588.46
88,450 at 7.01%$589.05
88,450 at 7.02%$589.65
88,450 at 7.03%$590.24
88,450 at 7.04%$590.84
88,450 at 7.05%$591.43
88,450 at 7.06%$592.03
88,450 at 7.07%$592.62
88,450 at 7.08%$593.22
88,450 at 7.09%$593.82
88,450 at 7.1%$594.41
88,450 at 7.11%$595.01
88,450 at 7.12%$595.61
88,450 at 7.13%$596.20
88,450 at 7.14%$596.80
88,450 at 7.15%$597.40
88,450 at 7.16%$597.99
88,450 at 7.17%$598.59
88,450 at 7.18%$599.19
88,450 at 7.19%$599.79
88,450 at 7.2%$600.39
88,450 at 7.21%$600.99
88,450 at 7.22%$601.59
88,450 at 7.23%$602.19
88,450 at 7.24%$602.79
88,450 at 7.25%$603.38
88,450 at 7.26%$603.98
88,450 at 7.27%$604.59
88,450 at 7.28%$605.19
88,450 at 7.29%$605.79
88,450 at 7.3%$606.39
88,450 at 7.31%$606.99
88,450 at 7.32%$607.59
88,450 at 7.33%$608.19
88,450 at 7.34%$608.79
88,450 at 7.35%$609.40
88,450 at 7.36%$610.00
88,450 at 7.37%$610.60
88,450 at 7.38%$611.20
88,450 at 7.39%$611.81
88,450 at 7.4%$612.41
88,450 at 7.41%$613.01
88,450 at 7.42%$613.62
88,450 at 7.43%$614.22
88,450 at 7.44%$614.83
88,450 at 7.45%$615.43
88,450 at 7.46%$616.03
88,450 at 7.47%$616.64
88,450 at 7.48%$617.24
88,450 at 7.49%$617.85
88,450 at 7.5%$618.46
88,450 at 7.51%$619.06
88,450 at 7.52%$619.67
88,450 at 7.53%$620.27
88,450 at 7.54%$620.88
88,450 at 7.55%$621.49
88,450 at 7.56%$622.09
88,450 at 7.57%$622.70
88,450 at 7.58%$623.31
88,450 at 7.59%$623.92
88,450 at 7.6%$624.52
88,450 at 7.61%$625.13
88,450 at 7.62%$625.74
88,450 at 7.63%$626.35
88,450 at 7.64%$626.96
88,450 at 7.65%$627.57
88,450 at 7.66%$628.17
88,450 at 7.67%$628.78
88,450 at 7.68%$629.39
88,450 at 7.69%$630.00
88,450 at 7.7%$630.61
88,450 at 7.71%$631.22
88,450 at 7.72%$631.83
88,450 at 7.73%$632.44
88,450 at 7.74%$633.06
88,450 at 7.75%$633.67
88,450 at 7.76%$634.28
88,450 at 7.77%$634.89
88,450 at 7.78%$635.50
88,450 at 7.79%$636.11
88,450 at 7.8%$636.73
88,450 at 7.81%$637.34
88,450 at 7.82%$637.95
88,450 at 7.83%$638.56
88,450 at 7.84%$639.18
88,450 at 7.85%$639.79
88,450 at 7.86%$640.40
88,450 at 7.87%$641.02
88,450 at 7.88%$641.63
88,450 at 7.89%$642.25
88,450 at 7.9%$642.86
88,450 at 7.91%$643.47
88,450 at 7.92%$644.09
88,450 at 7.93%$644.70
88,450 at 7.94%$645.32
88,450 at 7.95%$645.93
88,450 at 7.96%$646.55
88,450 at 7.97%$647.17
88,450 at 7.98%$647.78
88,450 at 7.99%$648.40
88,450 at 8%$649.01
More Amounts
What is the down payment for a $88,450 house? How much do you need to put down?
Percent Down Down Payment
1%885
2%1,769
3%2,654
4%3,538
5%4,423
6%5,307
7%6,192
8%7,076
9%7,961
10%8,845
11%9,730
12%10,614
13%11,499
14%12,383
15%13,268
16%14,152
17%15,037
18%15,921
19%16,806
20%17,690
Percent Down Down Payment
21%18,575
22%19,459
23%20,344
24%21,228
25%22,113
26%22,997
27%23,882
28%24,766
29%25,651
30%26,535
31%27,420
32%28,304
33%29,189
34%30,073
35%30,958
36%31,842
37%32,727
38%33,611
39%34,496
40%35,380
Percent Down Down Payment
41%36,265
42%37,149
43%38,034
44%38,918
45%39,803
46%40,687
47%41,572
48%42,456
49%43,341
50%44,225
51%45,110
52%45,994
53%46,879
54%47,763
55%48,648
56%49,532
57%50,417
58%51,301
59%52,186
60%53,070
Percent Down Down Payment
61%53,955
62%54,839
63%55,724
64%56,608
65%57,493
66%58,377
67%59,262
68%60,146
69%61,031
70%61,915
71%62,800
72%63,684
73%64,569
74%65,453
75%66,338
76%67,222
77%68,107
78%68,991
79%69,876
80%70,760
Percent Down Down Payment
81%71,645
82%72,529
83%73,414
84%74,298
85%75,183
86%76,067
87%76,952
88%77,836
89%78,721
90%79,605
91%80,490
92%81,374
93%82,259
94%83,143
95%84,028
96%84,912
97%85,797
98%86,681
99%87,566
100%88,450
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.