$98,400 Mortgage for 30 Years

What is the monthly payment of a 98,400 dollar loan?
$
$
%
%
years
Loan Tables for a $98,400 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 98k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $98,400 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
98,400 at 2.01%$364.20
98,400 at 2.02%$364.69
98,400 at 2.03%$365.18
98,400 at 2.04%$365.68
98,400 at 2.05%$366.17
98,400 at 2.06%$366.67
98,400 at 2.07%$367.16
98,400 at 2.08%$367.65
98,400 at 2.09%$368.15
98,400 at 2.1%$368.65
98,400 at 2.11%$369.14
98,400 at 2.12%$369.64
98,400 at 2.13%$370.14
98,400 at 2.14%$370.63
98,400 at 2.15%$371.13
98,400 at 2.16%$371.63
98,400 at 2.17%$372.13
98,400 at 2.18%$372.63
98,400 at 2.19%$373.13
98,400 at 2.2%$373.63
98,400 at 2.21%$374.13
98,400 at 2.22%$374.63
98,400 at 2.23%$375.13
98,400 at 2.24%$375.63
98,400 at 2.25%$376.13
98,400 at 2.26%$376.63
98,400 at 2.27%$377.13
98,400 at 2.28%$377.64
98,400 at 2.29%$378.14
98,400 at 2.3%$378.64
98,400 at 2.31%$379.15
98,400 at 2.32%$379.65
98,400 at 2.33%$380.16
98,400 at 2.34%$380.66
98,400 at 2.35%$381.17
98,400 at 2.36%$381.67
98,400 at 2.37%$382.18
98,400 at 2.38%$382.69
98,400 at 2.39%$383.19
98,400 at 2.4%$383.70
98,400 at 2.41%$384.21
98,400 at 2.42%$384.72
98,400 at 2.43%$385.23
98,400 at 2.44%$385.74
98,400 at 2.45%$386.25
98,400 at 2.46%$386.76
98,400 at 2.47%$387.27
98,400 at 2.48%$387.78
98,400 at 2.49%$388.29
98,400 at 2.5%$388.80
98,400 at 2.51%$389.31
98,400 at 2.52%$389.82
98,400 at 2.53%$390.34
98,400 at 2.54%$390.85
98,400 at 2.55%$391.36
98,400 at 2.56%$391.88
98,400 at 2.57%$392.39
98,400 at 2.58%$392.90
98,400 at 2.59%$393.42
98,400 at 2.6%$393.93
98,400 at 2.61%$394.45
98,400 at 2.62%$394.97
98,400 at 2.63%$395.48
98,400 at 2.64%$396.00
98,400 at 2.65%$396.52
98,400 at 2.66%$397.03
98,400 at 2.67%$397.55
98,400 at 2.68%$398.07
98,400 at 2.69%$398.59
98,400 at 2.7%$399.11
98,400 at 2.71%$399.63
98,400 at 2.72%$400.15
98,400 at 2.73%$400.67
98,400 at 2.74%$401.19
98,400 at 2.75%$401.71
98,400 at 2.76%$402.23
98,400 at 2.77%$402.75
98,400 at 2.78%$403.27
98,400 at 2.79%$403.80
98,400 at 2.8%$404.32
98,400 at 2.81%$404.84
98,400 at 2.82%$405.37
98,400 at 2.83%$405.89
98,400 at 2.84%$406.42
98,400 at 2.85%$406.94
98,400 at 2.86%$407.47
98,400 at 2.87%$407.99
98,400 at 2.88%$408.52
98,400 at 2.89%$409.04
98,400 at 2.9%$409.57
98,400 at 2.91%$410.10
98,400 at 2.92%$410.62
98,400 at 2.93%$411.15
98,400 at 2.94%$411.68
98,400 at 2.95%$412.21
98,400 at 2.96%$412.74
98,400 at 2.97%$413.27
98,400 at 2.98%$413.80
98,400 at 2.99%$414.33
98,400 at 3%$414.86
98,400 at 3.01%$415.39
98,400 at 3.02%$415.92
98,400 at 3.03%$416.45
98,400 at 3.04%$416.98
98,400 at 3.05%$417.52
98,400 at 3.06%$418.05
98,400 at 3.07%$418.58
98,400 at 3.08%$419.12
98,400 at 3.09%$419.65
98,400 at 3.1%$420.18
98,400 at 3.11%$420.72
98,400 at 3.12%$421.25
98,400 at 3.13%$421.79
98,400 at 3.14%$422.32
98,400 at 3.15%$422.86
98,400 at 3.16%$423.40
98,400 at 3.17%$423.93
98,400 at 3.18%$424.47
98,400 at 3.19%$425.01
98,400 at 3.2%$425.55
98,400 at 3.21%$426.09
98,400 at 3.22%$426.62
98,400 at 3.23%$427.16
98,400 at 3.24%$427.70
98,400 at 3.25%$428.24
98,400 at 3.26%$428.78
98,400 at 3.27%$429.32
98,400 at 3.28%$429.86
98,400 at 3.29%$430.41
98,400 at 3.3%$430.95
98,400 at 3.31%$431.49
98,400 at 3.32%$432.03
98,400 at 3.33%$432.58
98,400 at 3.34%$433.12
98,400 at 3.35%$433.66
98,400 at 3.36%$434.21
98,400 at 3.37%$434.75
98,400 at 3.38%$435.30
98,400 at 3.39%$435.84
98,400 at 3.4%$436.39
98,400 at 3.41%$436.93
98,400 at 3.42%$437.48
98,400 at 3.43%$438.02
98,400 at 3.44%$438.57
98,400 at 3.45%$439.12
98,400 at 3.46%$439.67
98,400 at 3.47%$440.21
98,400 at 3.48%$440.76
98,400 at 3.49%$441.31
98,400 at 3.5%$441.86
Interest Rate 30 Year
98,400 at 3.51%$442.41
98,400 at 3.52%$442.96
98,400 at 3.53%$443.51
98,400 at 3.54%$444.06
98,400 at 3.55%$444.61
98,400 at 3.56%$445.16
98,400 at 3.57%$445.71
98,400 at 3.58%$446.27
98,400 at 3.59%$446.82
98,400 at 3.6%$447.37
98,400 at 3.61%$447.92
98,400 at 3.62%$448.48
98,400 at 3.63%$449.03
98,400 at 3.64%$449.59
98,400 at 3.65%$450.14
98,400 at 3.66%$450.70
98,400 at 3.67%$451.25
98,400 at 3.68%$451.81
98,400 at 3.69%$452.36
98,400 at 3.7%$452.92
98,400 at 3.71%$453.48
98,400 at 3.72%$454.03
98,400 at 3.73%$454.59
98,400 at 3.74%$455.15
98,400 at 3.75%$455.71
98,400 at 3.76%$456.26
98,400 at 3.77%$456.82
98,400 at 3.78%$457.38
98,400 at 3.79%$457.94
98,400 at 3.8%$458.50
98,400 at 3.81%$459.06
98,400 at 3.82%$459.62
98,400 at 3.83%$460.18
98,400 at 3.84%$460.75
98,400 at 3.85%$461.31
98,400 at 3.86%$461.87
98,400 at 3.87%$462.43
98,400 at 3.88%$462.99
98,400 at 3.89%$463.56
98,400 at 3.9%$464.12
98,400 at 3.91%$464.69
98,400 at 3.92%$465.25
98,400 at 3.93%$465.81
98,400 at 3.94%$466.38
98,400 at 3.95%$466.94
98,400 at 3.96%$467.51
98,400 at 3.97%$468.08
98,400 at 3.98%$468.64
98,400 at 3.99%$469.21
98,400 at 4%$469.78
98,400 at 4.01%$470.34
98,400 at 4.02%$470.91
98,400 at 4.03%$471.48
98,400 at 4.04%$472.05
98,400 at 4.05%$472.62
98,400 at 4.06%$473.19
98,400 at 4.07%$473.76
98,400 at 4.08%$474.33
98,400 at 4.09%$474.90
98,400 at 4.1%$475.47
98,400 at 4.11%$476.04
98,400 at 4.12%$476.61
98,400 at 4.13%$477.18
98,400 at 4.14%$477.75
98,400 at 4.15%$478.33
98,400 at 4.16%$478.90
98,400 at 4.17%$479.47
98,400 at 4.18%$480.04
98,400 at 4.19%$480.62
98,400 at 4.2%$481.19
98,400 at 4.21%$481.77
98,400 at 4.22%$482.34
98,400 at 4.23%$482.92
98,400 at 4.24%$483.49
98,400 at 4.25%$484.07
98,400 at 4.26%$484.65
98,400 at 4.27%$485.22
98,400 at 4.28%$485.80
98,400 at 4.29%$486.38
98,400 at 4.3%$486.95
98,400 at 4.31%$487.53
98,400 at 4.32%$488.11
98,400 at 4.33%$488.69
98,400 at 4.34%$489.27
98,400 at 4.35%$489.85
98,400 at 4.36%$490.43
98,400 at 4.37%$491.01
98,400 at 4.38%$491.59
98,400 at 4.39%$492.17
98,400 at 4.4%$492.75
98,400 at 4.41%$493.33
98,400 at 4.42%$493.91
98,400 at 4.43%$494.49
98,400 at 4.44%$495.08
98,400 at 4.45%$495.66
98,400 at 4.46%$496.24
98,400 at 4.47%$496.83
98,400 at 4.48%$497.41
98,400 at 4.49%$497.99
98,400 at 4.5%$498.58
98,400 at 4.51%$499.16
98,400 at 4.52%$499.75
98,400 at 4.53%$500.33
98,400 at 4.54%$500.92
98,400 at 4.55%$501.51
98,400 at 4.56%$502.09
98,400 at 4.57%$502.68
98,400 at 4.58%$503.27
98,400 at 4.59%$503.85
98,400 at 4.6%$504.44
98,400 at 4.61%$505.03
98,400 at 4.62%$505.62
98,400 at 4.63%$506.21
98,400 at 4.64%$506.80
98,400 at 4.65%$507.39
98,400 at 4.66%$507.98
98,400 at 4.67%$508.57
98,400 at 4.68%$509.16
98,400 at 4.69%$509.75
98,400 at 4.7%$510.34
98,400 at 4.71%$510.93
98,400 at 4.72%$511.52
98,400 at 4.73%$512.12
98,400 at 4.74%$512.71
98,400 at 4.75%$513.30
98,400 at 4.76%$513.89
98,400 at 4.77%$514.49
98,400 at 4.78%$515.08
98,400 at 4.79%$515.68
98,400 at 4.8%$516.27
98,400 at 4.81%$516.87
98,400 at 4.82%$517.46
98,400 at 4.83%$518.06
98,400 at 4.84%$518.65
98,400 at 4.85%$519.25
98,400 at 4.86%$519.85
98,400 at 4.87%$520.44
98,400 at 4.88%$521.04
98,400 at 4.89%$521.64
98,400 at 4.9%$522.24
98,400 at 4.91%$522.83
98,400 at 4.92%$523.43
98,400 at 4.93%$524.03
98,400 at 4.94%$524.63
98,400 at 4.95%$525.23
98,400 at 4.96%$525.83
98,400 at 4.97%$526.43
98,400 at 4.98%$527.03
98,400 at 4.99%$527.63
98,400 at 5%$528.23
Interest Rate 30 Year
98,400 at 5.01%$528.83
98,400 at 5.02%$529.44
98,400 at 5.03%$530.04
98,400 at 5.04%$530.64
98,400 at 5.05%$531.24
98,400 at 5.06%$531.85
98,400 at 5.07%$532.45
98,400 at 5.08%$533.05
98,400 at 5.09%$533.66
98,400 at 5.1%$534.26
98,400 at 5.11%$534.87
98,400 at 5.12%$535.47
98,400 at 5.13%$536.08
98,400 at 5.14%$536.68
98,400 at 5.15%$537.29
98,400 at 5.16%$537.90
98,400 at 5.17%$538.50
98,400 at 5.18%$539.11
98,400 at 5.19%$539.72
98,400 at 5.2%$540.33
98,400 at 5.21%$540.93
98,400 at 5.22%$541.54
98,400 at 5.23%$542.15
98,400 at 5.24%$542.76
98,400 at 5.25%$543.37
98,400 at 5.26%$543.98
98,400 at 5.27%$544.59
98,400 at 5.28%$545.20
98,400 at 5.29%$545.81
98,400 at 5.3%$546.42
98,400 at 5.31%$547.03
98,400 at 5.32%$547.64
98,400 at 5.33%$548.25
98,400 at 5.34%$548.87
98,400 at 5.35%$549.48
98,400 at 5.36%$550.09
98,400 at 5.37%$550.71
98,400 at 5.38%$551.32
98,400 at 5.39%$551.93
98,400 at 5.4%$552.55
98,400 at 5.41%$553.16
98,400 at 5.42%$553.78
98,400 at 5.43%$554.39
98,400 at 5.44%$555.01
98,400 at 5.45%$555.62
98,400 at 5.46%$556.24
98,400 at 5.47%$556.85
98,400 at 5.48%$557.47
98,400 at 5.49%$558.09
98,400 at 5.5%$558.70
98,400 at 5.51%$559.32
98,400 at 5.52%$559.94
98,400 at 5.53%$560.56
98,400 at 5.54%$561.18
98,400 at 5.55%$561.80
98,400 at 5.56%$562.41
98,400 at 5.57%$563.03
98,400 at 5.58%$563.65
98,400 at 5.59%$564.27
98,400 at 5.6%$564.89
98,400 at 5.61%$565.51
98,400 at 5.62%$566.14
98,400 at 5.63%$566.76
98,400 at 5.64%$567.38
98,400 at 5.65%$568.00
98,400 at 5.66%$568.62
98,400 at 5.67%$569.24
98,400 at 5.68%$569.87
98,400 at 5.69%$570.49
98,400 at 5.7%$571.11
98,400 at 5.71%$571.74
98,400 at 5.72%$572.36
98,400 at 5.73%$572.99
98,400 at 5.74%$573.61
98,400 at 5.75%$574.24
98,400 at 5.76%$574.86
98,400 at 5.77%$575.49
98,400 at 5.78%$576.11
98,400 at 5.79%$576.74
98,400 at 5.8%$577.36
98,400 at 5.81%$577.99
98,400 at 5.82%$578.62
98,400 at 5.83%$579.25
98,400 at 5.84%$579.87
98,400 at 5.85%$580.50
98,400 at 5.86%$581.13
98,400 at 5.87%$581.76
98,400 at 5.88%$582.39
98,400 at 5.89%$583.02
98,400 at 5.9%$583.65
98,400 at 5.91%$584.28
98,400 at 5.92%$584.91
98,400 at 5.93%$585.54
98,400 at 5.94%$586.17
98,400 at 5.95%$586.80
98,400 at 5.96%$587.43
98,400 at 5.97%$588.06
98,400 at 5.98%$588.69
98,400 at 5.99%$589.33
98,400 at 6%$589.96
98,400 at 6.01%$590.59
98,400 at 6.02%$591.22
98,400 at 6.03%$591.86
98,400 at 6.04%$592.49
98,400 at 6.05%$593.12
98,400 at 6.06%$593.76
98,400 at 6.07%$594.39
98,400 at 6.08%$595.03
98,400 at 6.09%$595.66
98,400 at 6.1%$596.30
98,400 at 6.11%$596.93
98,400 at 6.12%$597.57
98,400 at 6.13%$598.21
98,400 at 6.14%$598.84
98,400 at 6.15%$599.48
98,400 at 6.16%$600.12
98,400 at 6.17%$600.76
98,400 at 6.18%$601.39
98,400 at 6.19%$602.03
98,400 at 6.2%$602.67
98,400 at 6.21%$603.31
98,400 at 6.22%$603.95
98,400 at 6.23%$604.59
98,400 at 6.24%$605.23
98,400 at 6.25%$605.87
98,400 at 6.26%$606.51
98,400 at 6.27%$607.15
98,400 at 6.28%$607.79
98,400 at 6.29%$608.43
98,400 at 6.3%$609.07
98,400 at 6.31%$609.71
98,400 at 6.32%$610.35
98,400 at 6.33%$610.99
98,400 at 6.34%$611.64
98,400 at 6.35%$612.28
98,400 at 6.36%$612.92
98,400 at 6.37%$613.57
98,400 at 6.38%$614.21
98,400 at 6.39%$614.85
98,400 at 6.4%$615.50
98,400 at 6.41%$616.14
98,400 at 6.42%$616.79
98,400 at 6.43%$617.43
98,400 at 6.44%$618.08
98,400 at 6.45%$618.72
98,400 at 6.46%$619.37
98,400 at 6.47%$620.01
98,400 at 6.48%$620.66
98,400 at 6.49%$621.31
98,400 at 6.5%$621.95
Interest Rate 30 Year
98,400 at 6.51%$622.60
98,400 at 6.52%$623.25
98,400 at 6.53%$623.90
98,400 at 6.54%$624.55
98,400 at 6.55%$625.19
98,400 at 6.56%$625.84
98,400 at 6.57%$626.49
98,400 at 6.58%$627.14
98,400 at 6.59%$627.79
98,400 at 6.6%$628.44
98,400 at 6.61%$629.09
98,400 at 6.62%$629.74
98,400 at 6.63%$630.39
98,400 at 6.64%$631.04
98,400 at 6.65%$631.69
98,400 at 6.66%$632.34
98,400 at 6.67%$633.00
98,400 at 6.68%$633.65
98,400 at 6.69%$634.30
98,400 at 6.7%$634.95
98,400 at 6.71%$635.61
98,400 at 6.72%$636.26
98,400 at 6.73%$636.91
98,400 at 6.74%$637.57
98,400 at 6.75%$638.22
98,400 at 6.76%$638.87
98,400 at 6.77%$639.53
98,400 at 6.78%$640.18
98,400 at 6.79%$640.84
98,400 at 6.8%$641.49
98,400 at 6.81%$642.15
98,400 at 6.82%$642.81
98,400 at 6.83%$643.46
98,400 at 6.84%$644.12
98,400 at 6.85%$644.78
98,400 at 6.86%$645.43
98,400 at 6.87%$646.09
98,400 at 6.88%$646.75
98,400 at 6.89%$647.40
98,400 at 6.9%$648.06
98,400 at 6.91%$648.72
98,400 at 6.92%$649.38
98,400 at 6.93%$650.04
98,400 at 6.94%$650.70
98,400 at 6.95%$651.36
98,400 at 6.96%$652.02
98,400 at 6.97%$652.68
98,400 at 6.98%$653.34
98,400 at 6.99%$654.00
98,400 at 7%$654.66
98,400 at 7.01%$655.32
98,400 at 7.02%$655.98
98,400 at 7.03%$656.64
98,400 at 7.04%$657.30
98,400 at 7.05%$657.97
98,400 at 7.06%$658.63
98,400 at 7.07%$659.29
98,400 at 7.08%$659.95
98,400 at 7.09%$660.62
98,400 at 7.1%$661.28
98,400 at 7.11%$661.94
98,400 at 7.12%$662.61
98,400 at 7.13%$663.27
98,400 at 7.14%$663.94
98,400 at 7.15%$664.60
98,400 at 7.16%$665.27
98,400 at 7.17%$665.93
98,400 at 7.18%$666.60
98,400 at 7.19%$667.26
98,400 at 7.2%$667.93
98,400 at 7.21%$668.59
98,400 at 7.22%$669.26
98,400 at 7.23%$669.93
98,400 at 7.24%$670.59
98,400 at 7.25%$671.26
98,400 at 7.26%$671.93
98,400 at 7.27%$672.60
98,400 at 7.28%$673.26
98,400 at 7.29%$673.93
98,400 at 7.3%$674.60
98,400 at 7.31%$675.27
98,400 at 7.32%$675.94
98,400 at 7.33%$676.61
98,400 at 7.34%$677.28
98,400 at 7.35%$677.95
98,400 at 7.36%$678.62
98,400 at 7.37%$679.29
98,400 at 7.38%$679.96
98,400 at 7.39%$680.63
98,400 at 7.4%$681.30
98,400 at 7.41%$681.97
98,400 at 7.42%$682.64
98,400 at 7.43%$683.32
98,400 at 7.44%$683.99
98,400 at 7.45%$684.66
98,400 at 7.46%$685.33
98,400 at 7.47%$686.01
98,400 at 7.48%$686.68
98,400 at 7.49%$687.35
98,400 at 7.5%$688.03
98,400 at 7.51%$688.70
98,400 at 7.52%$689.38
98,400 at 7.53%$690.05
98,400 at 7.54%$690.72
98,400 at 7.55%$691.40
98,400 at 7.56%$692.07
98,400 at 7.57%$692.75
98,400 at 7.58%$693.43
98,400 at 7.59%$694.10
98,400 at 7.6%$694.78
98,400 at 7.61%$695.45
98,400 at 7.62%$696.13
98,400 at 7.63%$696.81
98,400 at 7.64%$697.48
98,400 at 7.65%$698.16
98,400 at 7.66%$698.84
98,400 at 7.67%$699.52
98,400 at 7.68%$700.20
98,400 at 7.69%$700.87
98,400 at 7.7%$701.55
98,400 at 7.71%$702.23
98,400 at 7.72%$702.91
98,400 at 7.73%$703.59
98,400 at 7.74%$704.27
98,400 at 7.75%$704.95
98,400 at 7.76%$705.63
98,400 at 7.77%$706.31
98,400 at 7.78%$706.99
98,400 at 7.79%$707.67
98,400 at 7.8%$708.35
98,400 at 7.81%$709.03
98,400 at 7.82%$709.72
98,400 at 7.83%$710.40
98,400 at 7.84%$711.08
98,400 at 7.85%$711.76
98,400 at 7.86%$712.44
98,400 at 7.87%$713.13
98,400 at 7.88%$713.81
98,400 at 7.89%$714.49
98,400 at 7.9%$715.18
98,400 at 7.91%$715.86
98,400 at 7.92%$716.54
98,400 at 7.93%$717.23
98,400 at 7.94%$717.91
98,400 at 7.95%$718.60
98,400 at 7.96%$719.28
98,400 at 7.97%$719.97
98,400 at 7.98%$720.65
98,400 at 7.99%$721.34
98,400 at 8%$722.02
More Amounts
What is the down payment for a $98,400 house? How much do you need to put down?
Percent Down Down Payment
1%984
2%1,968
3%2,952
4%3,936
5%4,920
6%5,904
7%6,888
8%7,872
9%8,856
10%9,840
11%10,824
12%11,808
13%12,792
14%13,776
15%14,760
16%15,744
17%16,728
18%17,712
19%18,696
20%19,680
Percent Down Down Payment
21%20,664
22%21,648
23%22,632
24%23,616
25%24,600
26%25,584
27%26,568
28%27,552
29%28,536
30%29,520
31%30,504
32%31,488
33%32,472
34%33,456
35%34,440
36%35,424
37%36,408
38%37,392
39%38,376
40%39,360
Percent Down Down Payment
41%40,344
42%41,328
43%42,312
44%43,296
45%44,280
46%45,264
47%46,248
48%47,232
49%48,216
50%49,200
51%50,184
52%51,168
53%52,152
54%53,136
55%54,120
56%55,104
57%56,088
58%57,072
59%58,056
60%59,040
Percent Down Down Payment
61%60,024
62%61,008
63%61,992
64%62,976
65%63,960
66%64,944
67%65,928
68%66,912
69%67,896
70%68,880
71%69,864
72%70,848
73%71,832
74%72,816
75%73,800
76%74,784
77%75,768
78%76,752
79%77,736
80%78,720
Percent Down Down Payment
81%79,704
82%80,688
83%81,672
84%82,656
85%83,640
86%84,624
87%85,608
88%86,592
89%87,576
90%88,560
91%89,544
92%90,528
93%91,512
94%92,496
95%93,480
96%94,464
97%95,448
98%96,432
99%97,416
100%98,400
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.