$14,900 Mortgage for 30 Years

What is the monthly payment of a 14,900 dollar loan?
$
$
%
%
years
Loan Tables for a $14,900 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 15k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $14,900 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
14,900 at 2.01%$55.15
14,900 at 2.02%$55.22
14,900 at 2.03%$55.30
14,900 at 2.04%$55.37
14,900 at 2.05%$55.45
14,900 at 2.06%$55.52
14,900 at 2.07%$55.60
14,900 at 2.08%$55.67
14,900 at 2.09%$55.75
14,900 at 2.1%$55.82
14,900 at 2.11%$55.90
14,900 at 2.12%$55.97
14,900 at 2.13%$56.05
14,900 at 2.14%$56.12
14,900 at 2.15%$56.20
14,900 at 2.16%$56.27
14,900 at 2.17%$56.35
14,900 at 2.18%$56.42
14,900 at 2.19%$56.50
14,900 at 2.2%$56.58
14,900 at 2.21%$56.65
14,900 at 2.22%$56.73
14,900 at 2.23%$56.80
14,900 at 2.24%$56.88
14,900 at 2.25%$56.95
14,900 at 2.26%$57.03
14,900 at 2.27%$57.11
14,900 at 2.28%$57.18
14,900 at 2.29%$57.26
14,900 at 2.3%$57.34
14,900 at 2.31%$57.41
14,900 at 2.32%$57.49
14,900 at 2.33%$57.56
14,900 at 2.34%$57.64
14,900 at 2.35%$57.72
14,900 at 2.36%$57.79
14,900 at 2.37%$57.87
14,900 at 2.38%$57.95
14,900 at 2.39%$58.02
14,900 at 2.4%$58.10
14,900 at 2.41%$58.18
14,900 at 2.42%$58.26
14,900 at 2.43%$58.33
14,900 at 2.44%$58.41
14,900 at 2.45%$58.49
14,900 at 2.46%$58.56
14,900 at 2.47%$58.64
14,900 at 2.48%$58.72
14,900 at 2.49%$58.80
14,900 at 2.5%$58.87
14,900 at 2.51%$58.95
14,900 at 2.52%$59.03
14,900 at 2.53%$59.11
14,900 at 2.54%$59.18
14,900 at 2.55%$59.26
14,900 at 2.56%$59.34
14,900 at 2.57%$59.42
14,900 at 2.58%$59.49
14,900 at 2.59%$59.57
14,900 at 2.6%$59.65
14,900 at 2.61%$59.73
14,900 at 2.62%$59.81
14,900 at 2.63%$59.89
14,900 at 2.64%$59.96
14,900 at 2.65%$60.04
14,900 at 2.66%$60.12
14,900 at 2.67%$60.20
14,900 at 2.68%$60.28
14,900 at 2.69%$60.36
14,900 at 2.7%$60.43
14,900 at 2.71%$60.51
14,900 at 2.72%$60.59
14,900 at 2.73%$60.67
14,900 at 2.74%$60.75
14,900 at 2.75%$60.83
14,900 at 2.76%$60.91
14,900 at 2.77%$60.99
14,900 at 2.78%$61.06
14,900 at 2.79%$61.14
14,900 at 2.8%$61.22
14,900 at 2.81%$61.30
14,900 at 2.82%$61.38
14,900 at 2.83%$61.46
14,900 at 2.84%$61.54
14,900 at 2.85%$61.62
14,900 at 2.86%$61.70
14,900 at 2.87%$61.78
14,900 at 2.88%$61.86
14,900 at 2.89%$61.94
14,900 at 2.9%$62.02
14,900 at 2.91%$62.10
14,900 at 2.92%$62.18
14,900 at 2.93%$62.26
14,900 at 2.94%$62.34
14,900 at 2.95%$62.42
14,900 at 2.96%$62.50
14,900 at 2.97%$62.58
14,900 at 2.98%$62.66
14,900 at 2.99%$62.74
14,900 at 3%$62.82
14,900 at 3.01%$62.90
14,900 at 3.02%$62.98
14,900 at 3.03%$63.06
14,900 at 3.04%$63.14
14,900 at 3.05%$63.22
14,900 at 3.06%$63.30
14,900 at 3.07%$63.38
14,900 at 3.08%$63.46
14,900 at 3.09%$63.54
14,900 at 3.1%$63.63
14,900 at 3.11%$63.71
14,900 at 3.12%$63.79
14,900 at 3.13%$63.87
14,900 at 3.14%$63.95
14,900 at 3.15%$64.03
14,900 at 3.16%$64.11
14,900 at 3.17%$64.19
14,900 at 3.18%$64.27
14,900 at 3.19%$64.36
14,900 at 3.2%$64.44
14,900 at 3.21%$64.52
14,900 at 3.22%$64.60
14,900 at 3.23%$64.68
14,900 at 3.24%$64.76
14,900 at 3.25%$64.85
14,900 at 3.26%$64.93
14,900 at 3.27%$65.01
14,900 at 3.28%$65.09
14,900 at 3.29%$65.17
14,900 at 3.3%$65.26
14,900 at 3.31%$65.34
14,900 at 3.32%$65.42
14,900 at 3.33%$65.50
14,900 at 3.34%$65.58
14,900 at 3.35%$65.67
14,900 at 3.36%$65.75
14,900 at 3.37%$65.83
14,900 at 3.38%$65.91
14,900 at 3.39%$66.00
14,900 at 3.4%$66.08
14,900 at 3.41%$66.16
14,900 at 3.42%$66.24
14,900 at 3.43%$66.33
14,900 at 3.44%$66.41
14,900 at 3.45%$66.49
14,900 at 3.46%$66.58
14,900 at 3.47%$66.66
14,900 at 3.48%$66.74
14,900 at 3.49%$66.82
14,900 at 3.5%$66.91
Interest Rate 30 Year
14,900 at 3.51%$66.99
14,900 at 3.52%$67.07
14,900 at 3.53%$67.16
14,900 at 3.54%$67.24
14,900 at 3.55%$67.32
14,900 at 3.56%$67.41
14,900 at 3.57%$67.49
14,900 at 3.58%$67.57
14,900 at 3.59%$67.66
14,900 at 3.6%$67.74
14,900 at 3.61%$67.83
14,900 at 3.62%$67.91
14,900 at 3.63%$67.99
14,900 at 3.64%$68.08
14,900 at 3.65%$68.16
14,900 at 3.66%$68.25
14,900 at 3.67%$68.33
14,900 at 3.68%$68.41
14,900 at 3.69%$68.50
14,900 at 3.7%$68.58
14,900 at 3.71%$68.67
14,900 at 3.72%$68.75
14,900 at 3.73%$68.84
14,900 at 3.74%$68.92
14,900 at 3.75%$69.00
14,900 at 3.76%$69.09
14,900 at 3.77%$69.17
14,900 at 3.78%$69.26
14,900 at 3.79%$69.34
14,900 at 3.8%$69.43
14,900 at 3.81%$69.51
14,900 at 3.82%$69.60
14,900 at 3.83%$69.68
14,900 at 3.84%$69.77
14,900 at 3.85%$69.85
14,900 at 3.86%$69.94
14,900 at 3.87%$70.02
14,900 at 3.88%$70.11
14,900 at 3.89%$70.19
14,900 at 3.9%$70.28
14,900 at 3.91%$70.36
14,900 at 3.92%$70.45
14,900 at 3.93%$70.53
14,900 at 3.94%$70.62
14,900 at 3.95%$70.71
14,900 at 3.96%$70.79
14,900 at 3.97%$70.88
14,900 at 3.98%$70.96
14,900 at 3.99%$71.05
14,900 at 4%$71.13
14,900 at 4.01%$71.22
14,900 at 4.02%$71.31
14,900 at 4.03%$71.39
14,900 at 4.04%$71.48
14,900 at 4.05%$71.57
14,900 at 4.06%$71.65
14,900 at 4.07%$71.74
14,900 at 4.08%$71.82
14,900 at 4.09%$71.91
14,900 at 4.1%$72.00
14,900 at 4.11%$72.08
14,900 at 4.12%$72.17
14,900 at 4.13%$72.26
14,900 at 4.14%$72.34
14,900 at 4.15%$72.43
14,900 at 4.16%$72.52
14,900 at 4.17%$72.60
14,900 at 4.18%$72.69
14,900 at 4.19%$72.78
14,900 at 4.2%$72.86
14,900 at 4.21%$72.95
14,900 at 4.22%$73.04
14,900 at 4.23%$73.12
14,900 at 4.24%$73.21
14,900 at 4.25%$73.30
14,900 at 4.26%$73.39
14,900 at 4.27%$73.47
14,900 at 4.28%$73.56
14,900 at 4.29%$73.65
14,900 at 4.3%$73.74
14,900 at 4.31%$73.82
14,900 at 4.32%$73.91
14,900 at 4.33%$74.00
14,900 at 4.34%$74.09
14,900 at 4.35%$74.17
14,900 at 4.36%$74.26
14,900 at 4.37%$74.35
14,900 at 4.38%$74.44
14,900 at 4.39%$74.53
14,900 at 4.4%$74.61
14,900 at 4.41%$74.70
14,900 at 4.42%$74.79
14,900 at 4.43%$74.88
14,900 at 4.44%$74.97
14,900 at 4.45%$75.05
14,900 at 4.46%$75.14
14,900 at 4.47%$75.23
14,900 at 4.48%$75.32
14,900 at 4.49%$75.41
14,900 at 4.5%$75.50
14,900 at 4.51%$75.58
14,900 at 4.52%$75.67
14,900 at 4.53%$75.76
14,900 at 4.54%$75.85
14,900 at 4.55%$75.94
14,900 at 4.56%$76.03
14,900 at 4.57%$76.12
14,900 at 4.58%$76.21
14,900 at 4.59%$76.29
14,900 at 4.6%$76.38
14,900 at 4.61%$76.47
14,900 at 4.62%$76.56
14,900 at 4.63%$76.65
14,900 at 4.64%$76.74
14,900 at 4.65%$76.83
14,900 at 4.66%$76.92
14,900 at 4.67%$77.01
14,900 at 4.68%$77.10
14,900 at 4.69%$77.19
14,900 at 4.7%$77.28
14,900 at 4.71%$77.37
14,900 at 4.72%$77.46
14,900 at 4.73%$77.55
14,900 at 4.74%$77.64
14,900 at 4.75%$77.73
14,900 at 4.76%$77.82
14,900 at 4.77%$77.91
14,900 at 4.78%$78.00
14,900 at 4.79%$78.09
14,900 at 4.8%$78.18
14,900 at 4.81%$78.27
14,900 at 4.82%$78.36
14,900 at 4.83%$78.45
14,900 at 4.84%$78.54
14,900 at 4.85%$78.63
14,900 at 4.86%$78.72
14,900 at 4.87%$78.81
14,900 at 4.88%$78.90
14,900 at 4.89%$78.99
14,900 at 4.9%$79.08
14,900 at 4.91%$79.17
14,900 at 4.92%$79.26
14,900 at 4.93%$79.35
14,900 at 4.94%$79.44
14,900 at 4.95%$79.53
14,900 at 4.96%$79.62
14,900 at 4.97%$79.71
14,900 at 4.98%$79.80
14,900 at 4.99%$79.90
14,900 at 5%$79.99
Interest Rate 30 Year
14,900 at 5.01%$80.08
14,900 at 5.02%$80.17
14,900 at 5.03%$80.26
14,900 at 5.04%$80.35
14,900 at 5.05%$80.44
14,900 at 5.06%$80.53
14,900 at 5.07%$80.63
14,900 at 5.08%$80.72
14,900 at 5.09%$80.81
14,900 at 5.1%$80.90
14,900 at 5.11%$80.99
14,900 at 5.12%$81.08
14,900 at 5.13%$81.17
14,900 at 5.14%$81.27
14,900 at 5.15%$81.36
14,900 at 5.16%$81.45
14,900 at 5.17%$81.54
14,900 at 5.18%$81.63
14,900 at 5.19%$81.73
14,900 at 5.2%$81.82
14,900 at 5.21%$81.91
14,900 at 5.22%$82.00
14,900 at 5.23%$82.09
14,900 at 5.24%$82.19
14,900 at 5.25%$82.28
14,900 at 5.26%$82.37
14,900 at 5.27%$82.46
14,900 at 5.28%$82.56
14,900 at 5.29%$82.65
14,900 at 5.3%$82.74
14,900 at 5.31%$82.83
14,900 at 5.32%$82.93
14,900 at 5.33%$83.02
14,900 at 5.34%$83.11
14,900 at 5.35%$83.20
14,900 at 5.36%$83.30
14,900 at 5.37%$83.39
14,900 at 5.38%$83.48
14,900 at 5.39%$83.58
14,900 at 5.4%$83.67
14,900 at 5.41%$83.76
14,900 at 5.42%$83.85
14,900 at 5.43%$83.95
14,900 at 5.44%$84.04
14,900 at 5.45%$84.13
14,900 at 5.46%$84.23
14,900 at 5.47%$84.32
14,900 at 5.48%$84.41
14,900 at 5.49%$84.51
14,900 at 5.5%$84.60
14,900 at 5.51%$84.69
14,900 at 5.52%$84.79
14,900 at 5.53%$84.88
14,900 at 5.54%$84.97
14,900 at 5.55%$85.07
14,900 at 5.56%$85.16
14,900 at 5.57%$85.26
14,900 at 5.58%$85.35
14,900 at 5.59%$85.44
14,900 at 5.6%$85.54
14,900 at 5.61%$85.63
14,900 at 5.62%$85.73
14,900 at 5.63%$85.82
14,900 at 5.64%$85.91
14,900 at 5.65%$86.01
14,900 at 5.66%$86.10
14,900 at 5.67%$86.20
14,900 at 5.68%$86.29
14,900 at 5.69%$86.39
14,900 at 5.7%$86.48
14,900 at 5.71%$86.57
14,900 at 5.72%$86.67
14,900 at 5.73%$86.76
14,900 at 5.74%$86.86
14,900 at 5.75%$86.95
14,900 at 5.76%$87.05
14,900 at 5.77%$87.14
14,900 at 5.78%$87.24
14,900 at 5.79%$87.33
14,900 at 5.8%$87.43
14,900 at 5.81%$87.52
14,900 at 5.82%$87.62
14,900 at 5.83%$87.71
14,900 at 5.84%$87.81
14,900 at 5.85%$87.90
14,900 at 5.86%$88.00
14,900 at 5.87%$88.09
14,900 at 5.88%$88.19
14,900 at 5.89%$88.28
14,900 at 5.9%$88.38
14,900 at 5.91%$88.47
14,900 at 5.92%$88.57
14,900 at 5.93%$88.66
14,900 at 5.94%$88.76
14,900 at 5.95%$88.85
14,900 at 5.96%$88.95
14,900 at 5.97%$89.05
14,900 at 5.98%$89.14
14,900 at 5.99%$89.24
14,900 at 6%$89.33
14,900 at 6.01%$89.43
14,900 at 6.02%$89.52
14,900 at 6.03%$89.62
14,900 at 6.04%$89.72
14,900 at 6.05%$89.81
14,900 at 6.06%$89.91
14,900 at 6.07%$90.00
14,900 at 6.08%$90.10
14,900 at 6.09%$90.20
14,900 at 6.1%$90.29
14,900 at 6.11%$90.39
14,900 at 6.12%$90.49
14,900 at 6.13%$90.58
14,900 at 6.14%$90.68
14,900 at 6.15%$90.77
14,900 at 6.16%$90.87
14,900 at 6.17%$90.97
14,900 at 6.18%$91.06
14,900 at 6.19%$91.16
14,900 at 6.2%$91.26
14,900 at 6.21%$91.35
14,900 at 6.22%$91.45
14,900 at 6.23%$91.55
14,900 at 6.24%$91.64
14,900 at 6.25%$91.74
14,900 at 6.26%$91.84
14,900 at 6.27%$91.94
14,900 at 6.28%$92.03
14,900 at 6.29%$92.13
14,900 at 6.3%$92.23
14,900 at 6.31%$92.32
14,900 at 6.32%$92.42
14,900 at 6.33%$92.52
14,900 at 6.34%$92.62
14,900 at 6.35%$92.71
14,900 at 6.36%$92.81
14,900 at 6.37%$92.91
14,900 at 6.38%$93.01
14,900 at 6.39%$93.10
14,900 at 6.4%$93.20
14,900 at 6.41%$93.30
14,900 at 6.42%$93.40
14,900 at 6.43%$93.49
14,900 at 6.44%$93.59
14,900 at 6.45%$93.69
14,900 at 6.46%$93.79
14,900 at 6.47%$93.88
14,900 at 6.48%$93.98
14,900 at 6.49%$94.08
14,900 at 6.5%$94.18
Interest Rate 30 Year
14,900 at 6.51%$94.28
14,900 at 6.52%$94.37
14,900 at 6.53%$94.47
14,900 at 6.54%$94.57
14,900 at 6.55%$94.67
14,900 at 6.56%$94.77
14,900 at 6.57%$94.87
14,900 at 6.58%$94.96
14,900 at 6.59%$95.06
14,900 at 6.6%$95.16
14,900 at 6.61%$95.26
14,900 at 6.62%$95.36
14,900 at 6.63%$95.46
14,900 at 6.64%$95.55
14,900 at 6.65%$95.65
14,900 at 6.66%$95.75
14,900 at 6.67%$95.85
14,900 at 6.68%$95.95
14,900 at 6.69%$96.05
14,900 at 6.7%$96.15
14,900 at 6.71%$96.25
14,900 at 6.72%$96.34
14,900 at 6.73%$96.44
14,900 at 6.74%$96.54
14,900 at 6.75%$96.64
14,900 at 6.76%$96.74
14,900 at 6.77%$96.84
14,900 at 6.78%$96.94
14,900 at 6.79%$97.04
14,900 at 6.8%$97.14
14,900 at 6.81%$97.24
14,900 at 6.82%$97.34
14,900 at 6.83%$97.43
14,900 at 6.84%$97.53
14,900 at 6.85%$97.63
14,900 at 6.86%$97.73
14,900 at 6.87%$97.83
14,900 at 6.88%$97.93
14,900 at 6.89%$98.03
14,900 at 6.9%$98.13
14,900 at 6.91%$98.23
14,900 at 6.92%$98.33
14,900 at 6.93%$98.43
14,900 at 6.94%$98.53
14,900 at 6.95%$98.63
14,900 at 6.96%$98.73
14,900 at 6.97%$98.83
14,900 at 6.98%$98.93
14,900 at 6.99%$99.03
14,900 at 7%$99.13
14,900 at 7.01%$99.23
14,900 at 7.02%$99.33
14,900 at 7.03%$99.43
14,900 at 7.04%$99.53
14,900 at 7.05%$99.63
14,900 at 7.06%$99.73
14,900 at 7.07%$99.83
14,900 at 7.08%$99.93
14,900 at 7.09%$100.03
14,900 at 7.1%$100.13
14,900 at 7.11%$100.23
14,900 at 7.12%$100.33
14,900 at 7.13%$100.43
14,900 at 7.14%$100.53
14,900 at 7.15%$100.64
14,900 at 7.16%$100.74
14,900 at 7.17%$100.84
14,900 at 7.18%$100.94
14,900 at 7.19%$101.04
14,900 at 7.2%$101.14
14,900 at 7.21%$101.24
14,900 at 7.22%$101.34
14,900 at 7.23%$101.44
14,900 at 7.24%$101.54
14,900 at 7.25%$101.64
14,900 at 7.26%$101.75
14,900 at 7.27%$101.85
14,900 at 7.28%$101.95
14,900 at 7.29%$102.05
14,900 at 7.3%$102.15
14,900 at 7.31%$102.25
14,900 at 7.32%$102.35
14,900 at 7.33%$102.45
14,900 at 7.34%$102.56
14,900 at 7.35%$102.66
14,900 at 7.36%$102.76
14,900 at 7.37%$102.86
14,900 at 7.38%$102.96
14,900 at 7.39%$103.06
14,900 at 7.4%$103.16
14,900 at 7.41%$103.27
14,900 at 7.42%$103.37
14,900 at 7.43%$103.47
14,900 at 7.44%$103.57
14,900 at 7.45%$103.67
14,900 at 7.46%$103.78
14,900 at 7.47%$103.88
14,900 at 7.48%$103.98
14,900 at 7.49%$104.08
14,900 at 7.5%$104.18
14,900 at 7.51%$104.29
14,900 at 7.52%$104.39
14,900 at 7.53%$104.49
14,900 at 7.54%$104.59
14,900 at 7.55%$104.69
14,900 at 7.56%$104.80
14,900 at 7.57%$104.90
14,900 at 7.58%$105.00
14,900 at 7.59%$105.10
14,900 at 7.6%$105.21
14,900 at 7.61%$105.31
14,900 at 7.62%$105.41
14,900 at 7.63%$105.51
14,900 at 7.64%$105.62
14,900 at 7.65%$105.72
14,900 at 7.66%$105.82
14,900 at 7.67%$105.92
14,900 at 7.68%$106.03
14,900 at 7.69%$106.13
14,900 at 7.7%$106.23
14,900 at 7.71%$106.33
14,900 at 7.72%$106.44
14,900 at 7.73%$106.54
14,900 at 7.74%$106.64
14,900 at 7.75%$106.75
14,900 at 7.76%$106.85
14,900 at 7.77%$106.95
14,900 at 7.78%$107.05
14,900 at 7.79%$107.16
14,900 at 7.8%$107.26
14,900 at 7.81%$107.36
14,900 at 7.82%$107.47
14,900 at 7.83%$107.57
14,900 at 7.84%$107.67
14,900 at 7.85%$107.78
14,900 at 7.86%$107.88
14,900 at 7.87%$107.98
14,900 at 7.88%$108.09
14,900 at 7.89%$108.19
14,900 at 7.9%$108.29
14,900 at 7.91%$108.40
14,900 at 7.92%$108.50
14,900 at 7.93%$108.60
14,900 at 7.94%$108.71
14,900 at 7.95%$108.81
14,900 at 7.96%$108.92
14,900 at 7.97%$109.02
14,900 at 7.98%$109.12
14,900 at 7.99%$109.23
14,900 at 8%$109.33
More Amounts
What is the down payment for a $14,900 house? How much do you need to put down?
Percent Down Down Payment
1%149
2%298
3%447
4%596
5%745
6%894
7%1,043
8%1,192
9%1,341
10%1,490
11%1,639
12%1,788
13%1,937
14%2,086
15%2,235
16%2,384
17%2,533
18%2,682
19%2,831
20%2,980
Percent Down Down Payment
21%3,129
22%3,278
23%3,427
24%3,576
25%3,725
26%3,874
27%4,023
28%4,172
29%4,321
30%4,470
31%4,619
32%4,768
33%4,917
34%5,066
35%5,215
36%5,364
37%5,513
38%5,662
39%5,811
40%5,960
Percent Down Down Payment
41%6,109
42%6,258
43%6,407
44%6,556
45%6,705
46%6,854
47%7,003
48%7,152
49%7,301
50%7,450
51%7,599
52%7,748
53%7,897
54%8,046
55%8,195
56%8,344
57%8,493
58%8,642
59%8,791
60%8,940
Percent Down Down Payment
61%9,089
62%9,238
63%9,387
64%9,536
65%9,685
66%9,834
67%9,983
68%10,132
69%10,281
70%10,430
71%10,579
72%10,728
73%10,877
74%11,026
75%11,175
76%11,324
77%11,473
78%11,622
79%11,771
80%11,920
Percent Down Down Payment
81%12,069
82%12,218
83%12,367
84%12,516
85%12,665
86%12,814
87%12,963
88%13,112
89%13,261
90%13,410
91%13,559
92%13,708
93%13,857
94%14,006
95%14,155
96%14,304
97%14,453
98%14,602
99%14,751
100%14,900
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.