$50,700 Mortgage for 30 Years

What is the monthly payment of a 50,700 dollar loan?
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Loan Tables for a $50,700 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 51k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $50,700 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
50,700 at 2.01%$187.65
50,700 at 2.02%$187.90
50,700 at 2.03%$188.16
50,700 at 2.04%$188.41
50,700 at 2.05%$188.67
50,700 at 2.06%$188.92
50,700 at 2.07%$189.18
50,700 at 2.08%$189.43
50,700 at 2.09%$189.69
50,700 at 2.1%$189.94
50,700 at 2.11%$190.20
50,700 at 2.12%$190.45
50,700 at 2.13%$190.71
50,700 at 2.14%$190.97
50,700 at 2.15%$191.22
50,700 at 2.16%$191.48
50,700 at 2.17%$191.74
50,700 at 2.18%$191.99
50,700 at 2.19%$192.25
50,700 at 2.2%$192.51
50,700 at 2.21%$192.77
50,700 at 2.22%$193.02
50,700 at 2.23%$193.28
50,700 at 2.24%$193.54
50,700 at 2.25%$193.80
50,700 at 2.26%$194.06
50,700 at 2.27%$194.32
50,700 at 2.28%$194.58
50,700 at 2.29%$194.83
50,700 at 2.3%$195.09
50,700 at 2.31%$195.35
50,700 at 2.32%$195.61
50,700 at 2.33%$195.87
50,700 at 2.34%$196.13
50,700 at 2.35%$196.39
50,700 at 2.36%$196.66
50,700 at 2.37%$196.92
50,700 at 2.38%$197.18
50,700 at 2.39%$197.44
50,700 at 2.4%$197.70
50,700 at 2.41%$197.96
50,700 at 2.42%$198.22
50,700 at 2.43%$198.49
50,700 at 2.44%$198.75
50,700 at 2.45%$199.01
50,700 at 2.46%$199.27
50,700 at 2.47%$199.54
50,700 at 2.48%$199.80
50,700 at 2.49%$200.06
50,700 at 2.5%$200.33
50,700 at 2.51%$200.59
50,700 at 2.52%$200.85
50,700 at 2.53%$201.12
50,700 at 2.54%$201.38
50,700 at 2.55%$201.65
50,700 at 2.56%$201.91
50,700 at 2.57%$202.18
50,700 at 2.58%$202.44
50,700 at 2.59%$202.71
50,700 at 2.6%$202.97
50,700 at 2.61%$203.24
50,700 at 2.62%$203.50
50,700 at 2.63%$203.77
50,700 at 2.64%$204.04
50,700 at 2.65%$204.30
50,700 at 2.66%$204.57
50,700 at 2.67%$204.84
50,700 at 2.68%$205.10
50,700 at 2.69%$205.37
50,700 at 2.7%$205.64
50,700 at 2.71%$205.91
50,700 at 2.72%$206.17
50,700 at 2.73%$206.44
50,700 at 2.74%$206.71
50,700 at 2.75%$206.98
50,700 at 2.76%$207.25
50,700 at 2.77%$207.52
50,700 at 2.78%$207.78
50,700 at 2.79%$208.05
50,700 at 2.8%$208.32
50,700 at 2.81%$208.59
50,700 at 2.82%$208.86
50,700 at 2.83%$209.13
50,700 at 2.84%$209.40
50,700 at 2.85%$209.67
50,700 at 2.86%$209.94
50,700 at 2.87%$210.22
50,700 at 2.88%$210.49
50,700 at 2.89%$210.76
50,700 at 2.9%$211.03
50,700 at 2.91%$211.30
50,700 at 2.92%$211.57
50,700 at 2.93%$211.84
50,700 at 2.94%$212.12
50,700 at 2.95%$212.39
50,700 at 2.96%$212.66
50,700 at 2.97%$212.93
50,700 at 2.98%$213.21
50,700 at 2.99%$213.48
50,700 at 3%$213.75
50,700 at 3.01%$214.03
50,700 at 3.02%$214.30
50,700 at 3.03%$214.57
50,700 at 3.04%$214.85
50,700 at 3.05%$215.12
50,700 at 3.06%$215.40
50,700 at 3.07%$215.67
50,700 at 3.08%$215.95
50,700 at 3.09%$216.22
50,700 at 3.1%$216.50
50,700 at 3.11%$216.77
50,700 at 3.12%$217.05
50,700 at 3.13%$217.32
50,700 at 3.14%$217.60
50,700 at 3.15%$217.88
50,700 at 3.16%$218.15
50,700 at 3.17%$218.43
50,700 at 3.18%$218.71
50,700 at 3.19%$218.98
50,700 at 3.2%$219.26
50,700 at 3.21%$219.54
50,700 at 3.22%$219.82
50,700 at 3.23%$220.09
50,700 at 3.24%$220.37
50,700 at 3.25%$220.65
50,700 at 3.26%$220.93
50,700 at 3.27%$221.21
50,700 at 3.28%$221.49
50,700 at 3.29%$221.76
50,700 at 3.3%$222.04
50,700 at 3.31%$222.32
50,700 at 3.32%$222.60
50,700 at 3.33%$222.88
50,700 at 3.34%$223.16
50,700 at 3.35%$223.44
50,700 at 3.36%$223.72
50,700 at 3.37%$224.00
50,700 at 3.38%$224.28
50,700 at 3.39%$224.56
50,700 at 3.4%$224.84
50,700 at 3.41%$225.13
50,700 at 3.42%$225.41
50,700 at 3.43%$225.69
50,700 at 3.44%$225.97
50,700 at 3.45%$226.25
50,700 at 3.46%$226.54
50,700 at 3.47%$226.82
50,700 at 3.48%$227.10
50,700 at 3.49%$227.38
50,700 at 3.5%$227.67
Interest Rate 30 Year
50,700 at 3.51%$227.95
50,700 at 3.52%$228.23
50,700 at 3.53%$228.52
50,700 at 3.54%$228.80
50,700 at 3.55%$229.08
50,700 at 3.56%$229.37
50,700 at 3.57%$229.65
50,700 at 3.58%$229.94
50,700 at 3.59%$230.22
50,700 at 3.6%$230.51
50,700 at 3.61%$230.79
50,700 at 3.62%$231.08
50,700 at 3.63%$231.36
50,700 at 3.64%$231.65
50,700 at 3.65%$231.93
50,700 at 3.66%$232.22
50,700 at 3.67%$232.50
50,700 at 3.68%$232.79
50,700 at 3.69%$233.08
50,700 at 3.7%$233.36
50,700 at 3.71%$233.65
50,700 at 3.72%$233.94
50,700 at 3.73%$234.22
50,700 at 3.74%$234.51
50,700 at 3.75%$234.80
50,700 at 3.76%$235.09
50,700 at 3.77%$235.38
50,700 at 3.78%$235.66
50,700 at 3.79%$235.95
50,700 at 3.8%$236.24
50,700 at 3.81%$236.53
50,700 at 3.82%$236.82
50,700 at 3.83%$237.11
50,700 at 3.84%$237.40
50,700 at 3.85%$237.69
50,700 at 3.86%$237.98
50,700 at 3.87%$238.27
50,700 at 3.88%$238.56
50,700 at 3.89%$238.85
50,700 at 3.9%$239.14
50,700 at 3.91%$239.43
50,700 at 3.92%$239.72
50,700 at 3.93%$240.01
50,700 at 3.94%$240.30
50,700 at 3.95%$240.59
50,700 at 3.96%$240.88
50,700 at 3.97%$241.17
50,700 at 3.98%$241.47
50,700 at 3.99%$241.76
50,700 at 4%$242.05
50,700 at 4.01%$242.34
50,700 at 4.02%$242.63
50,700 at 4.03%$242.93
50,700 at 4.04%$243.22
50,700 at 4.05%$243.51
50,700 at 4.06%$243.81
50,700 at 4.07%$244.10
50,700 at 4.08%$244.39
50,700 at 4.09%$244.69
50,700 at 4.1%$244.98
50,700 at 4.11%$245.28
50,700 at 4.12%$245.57
50,700 at 4.13%$245.86
50,700 at 4.14%$246.16
50,700 at 4.15%$246.45
50,700 at 4.16%$246.75
50,700 at 4.17%$247.04
50,700 at 4.18%$247.34
50,700 at 4.19%$247.64
50,700 at 4.2%$247.93
50,700 at 4.21%$248.23
50,700 at 4.22%$248.52
50,700 at 4.23%$248.82
50,700 at 4.24%$249.12
50,700 at 4.25%$249.41
50,700 at 4.26%$249.71
50,700 at 4.27%$250.01
50,700 at 4.28%$250.30
50,700 at 4.29%$250.60
50,700 at 4.3%$250.90
50,700 at 4.31%$251.20
50,700 at 4.32%$251.50
50,700 at 4.33%$251.79
50,700 at 4.34%$252.09
50,700 at 4.35%$252.39
50,700 at 4.36%$252.69
50,700 at 4.37%$252.99
50,700 at 4.38%$253.29
50,700 at 4.39%$253.59
50,700 at 4.4%$253.89
50,700 at 4.41%$254.19
50,700 at 4.42%$254.49
50,700 at 4.43%$254.79
50,700 at 4.44%$255.09
50,700 at 4.45%$255.39
50,700 at 4.46%$255.69
50,700 at 4.47%$255.99
50,700 at 4.48%$256.29
50,700 at 4.49%$256.59
50,700 at 4.5%$256.89
50,700 at 4.51%$257.19
50,700 at 4.52%$257.49
50,700 at 4.53%$257.79
50,700 at 4.54%$258.10
50,700 at 4.55%$258.40
50,700 at 4.56%$258.70
50,700 at 4.57%$259.00
50,700 at 4.58%$259.31
50,700 at 4.59%$259.61
50,700 at 4.6%$259.91
50,700 at 4.61%$260.21
50,700 at 4.62%$260.52
50,700 at 4.63%$260.82
50,700 at 4.64%$261.12
50,700 at 4.65%$261.43
50,700 at 4.66%$261.73
50,700 at 4.67%$262.04
50,700 at 4.68%$262.34
50,700 at 4.69%$262.64
50,700 at 4.7%$262.95
50,700 at 4.71%$263.25
50,700 at 4.72%$263.56
50,700 at 4.73%$263.86
50,700 at 4.74%$264.17
50,700 at 4.75%$264.48
50,700 at 4.76%$264.78
50,700 at 4.77%$265.09
50,700 at 4.78%$265.39
50,700 at 4.79%$265.70
50,700 at 4.8%$266.01
50,700 at 4.81%$266.31
50,700 at 4.82%$266.62
50,700 at 4.83%$266.93
50,700 at 4.84%$267.23
50,700 at 4.85%$267.54
50,700 at 4.86%$267.85
50,700 at 4.87%$268.15
50,700 at 4.88%$268.46
50,700 at 4.89%$268.77
50,700 at 4.9%$269.08
50,700 at 4.91%$269.39
50,700 at 4.92%$269.70
50,700 at 4.93%$270.00
50,700 at 4.94%$270.31
50,700 at 4.95%$270.62
50,700 at 4.96%$270.93
50,700 at 4.97%$271.24
50,700 at 4.98%$271.55
50,700 at 4.99%$271.86
50,700 at 5%$272.17
Interest Rate 30 Year
50,700 at 5.01%$272.48
50,700 at 5.02%$272.79
50,700 at 5.03%$273.10
50,700 at 5.04%$273.41
50,700 at 5.05%$273.72
50,700 at 5.06%$274.03
50,700 at 5.07%$274.34
50,700 at 5.08%$274.65
50,700 at 5.09%$274.96
50,700 at 5.1%$275.28
50,700 at 5.11%$275.59
50,700 at 5.12%$275.90
50,700 at 5.13%$276.21
50,700 at 5.14%$276.52
50,700 at 5.15%$276.84
50,700 at 5.16%$277.15
50,700 at 5.17%$277.46
50,700 at 5.18%$277.77
50,700 at 5.19%$278.09
50,700 at 5.2%$278.40
50,700 at 5.21%$278.71
50,700 at 5.22%$279.03
50,700 at 5.23%$279.34
50,700 at 5.24%$279.65
50,700 at 5.25%$279.97
50,700 at 5.26%$280.28
50,700 at 5.27%$280.60
50,700 at 5.28%$280.91
50,700 at 5.29%$281.22
50,700 at 5.3%$281.54
50,700 at 5.31%$281.85
50,700 at 5.32%$282.17
50,700 at 5.33%$282.48
50,700 at 5.34%$282.80
50,700 at 5.35%$283.12
50,700 at 5.36%$283.43
50,700 at 5.37%$283.75
50,700 at 5.38%$284.06
50,700 at 5.39%$284.38
50,700 at 5.4%$284.70
50,700 at 5.41%$285.01
50,700 at 5.42%$285.33
50,700 at 5.43%$285.65
50,700 at 5.44%$285.96
50,700 at 5.45%$286.28
50,700 at 5.46%$286.60
50,700 at 5.47%$286.92
50,700 at 5.48%$287.23
50,700 at 5.49%$287.55
50,700 at 5.5%$287.87
50,700 at 5.51%$288.19
50,700 at 5.52%$288.51
50,700 at 5.53%$288.82
50,700 at 5.54%$289.14
50,700 at 5.55%$289.46
50,700 at 5.56%$289.78
50,700 at 5.57%$290.10
50,700 at 5.58%$290.42
50,700 at 5.59%$290.74
50,700 at 5.6%$291.06
50,700 at 5.61%$291.38
50,700 at 5.62%$291.70
50,700 at 5.63%$292.02
50,700 at 5.64%$292.34
50,700 at 5.65%$292.66
50,700 at 5.66%$292.98
50,700 at 5.67%$293.30
50,700 at 5.68%$293.62
50,700 at 5.69%$293.94
50,700 at 5.7%$294.26
50,700 at 5.71%$294.58
50,700 at 5.72%$294.91
50,700 at 5.73%$295.23
50,700 at 5.74%$295.55
50,700 at 5.75%$295.87
50,700 at 5.76%$296.19
50,700 at 5.77%$296.52
50,700 at 5.78%$296.84
50,700 at 5.79%$297.16
50,700 at 5.8%$297.48
50,700 at 5.81%$297.81
50,700 at 5.82%$298.13
50,700 at 5.83%$298.45
50,700 at 5.84%$298.78
50,700 at 5.85%$299.10
50,700 at 5.86%$299.42
50,700 at 5.87%$299.75
50,700 at 5.88%$300.07
50,700 at 5.89%$300.40
50,700 at 5.9%$300.72
50,700 at 5.91%$301.04
50,700 at 5.92%$301.37
50,700 at 5.93%$301.69
50,700 at 5.94%$302.02
50,700 at 5.95%$302.34
50,700 at 5.96%$302.67
50,700 at 5.97%$302.99
50,700 at 5.98%$303.32
50,700 at 5.99%$303.65
50,700 at 6%$303.97
50,700 at 6.01%$304.30
50,700 at 6.02%$304.62
50,700 at 6.03%$304.95
50,700 at 6.04%$305.28
50,700 at 6.05%$305.60
50,700 at 6.06%$305.93
50,700 at 6.07%$306.26
50,700 at 6.08%$306.58
50,700 at 6.09%$306.91
50,700 at 6.1%$307.24
50,700 at 6.11%$307.57
50,700 at 6.12%$307.89
50,700 at 6.13%$308.22
50,700 at 6.14%$308.55
50,700 at 6.15%$308.88
50,700 at 6.16%$309.21
50,700 at 6.17%$309.54
50,700 at 6.18%$309.86
50,700 at 6.19%$310.19
50,700 at 6.2%$310.52
50,700 at 6.21%$310.85
50,700 at 6.22%$311.18
50,700 at 6.23%$311.51
50,700 at 6.24%$311.84
50,700 at 6.25%$312.17
50,700 at 6.26%$312.50
50,700 at 6.27%$312.83
50,700 at 6.28%$313.16
50,700 at 6.29%$313.49
50,700 at 6.3%$313.82
50,700 at 6.31%$314.15
50,700 at 6.32%$314.48
50,700 at 6.33%$314.81
50,700 at 6.34%$315.14
50,700 at 6.35%$315.47
50,700 at 6.36%$315.80
50,700 at 6.37%$316.14
50,700 at 6.38%$316.47
50,700 at 6.39%$316.80
50,700 at 6.4%$317.13
50,700 at 6.41%$317.46
50,700 at 6.42%$317.80
50,700 at 6.43%$318.13
50,700 at 6.44%$318.46
50,700 at 6.45%$318.79
50,700 at 6.46%$319.13
50,700 at 6.47%$319.46
50,700 at 6.48%$319.79
50,700 at 6.49%$320.13
50,700 at 6.5%$320.46
Interest Rate 30 Year
50,700 at 6.51%$320.79
50,700 at 6.52%$321.13
50,700 at 6.53%$321.46
50,700 at 6.54%$321.79
50,700 at 6.55%$322.13
50,700 at 6.56%$322.46
50,700 at 6.57%$322.80
50,700 at 6.58%$323.13
50,700 at 6.59%$323.47
50,700 at 6.6%$323.80
50,700 at 6.61%$324.13
50,700 at 6.62%$324.47
50,700 at 6.63%$324.81
50,700 at 6.64%$325.14
50,700 at 6.65%$325.48
50,700 at 6.66%$325.81
50,700 at 6.67%$326.15
50,700 at 6.68%$326.48
50,700 at 6.69%$326.82
50,700 at 6.7%$327.16
50,700 at 6.71%$327.49
50,700 at 6.72%$327.83
50,700 at 6.73%$328.17
50,700 at 6.74%$328.50
50,700 at 6.75%$328.84
50,700 at 6.76%$329.18
50,700 at 6.77%$329.51
50,700 at 6.78%$329.85
50,700 at 6.79%$330.19
50,700 at 6.8%$330.53
50,700 at 6.81%$330.86
50,700 at 6.82%$331.20
50,700 at 6.83%$331.54
50,700 at 6.84%$331.88
50,700 at 6.85%$332.22
50,700 at 6.86%$332.55
50,700 at 6.87%$332.89
50,700 at 6.88%$333.23
50,700 at 6.89%$333.57
50,700 at 6.9%$333.91
50,700 at 6.91%$334.25
50,700 at 6.92%$334.59
50,700 at 6.93%$334.93
50,700 at 6.94%$335.27
50,700 at 6.95%$335.61
50,700 at 6.96%$335.95
50,700 at 6.97%$336.29
50,700 at 6.98%$336.63
50,700 at 6.99%$336.97
50,700 at 7%$337.31
50,700 at 7.01%$337.65
50,700 at 7.02%$337.99
50,700 at 7.03%$338.33
50,700 at 7.04%$338.67
50,700 at 7.05%$339.01
50,700 at 7.06%$339.35
50,700 at 7.07%$339.70
50,700 at 7.08%$340.04
50,700 at 7.09%$340.38
50,700 at 7.1%$340.72
50,700 at 7.11%$341.06
50,700 at 7.12%$341.40
50,700 at 7.13%$341.75
50,700 at 7.14%$342.09
50,700 at 7.15%$342.43
50,700 at 7.16%$342.77
50,700 at 7.17%$343.12
50,700 at 7.18%$343.46
50,700 at 7.19%$343.80
50,700 at 7.2%$344.15
50,700 at 7.21%$344.49
50,700 at 7.22%$344.83
50,700 at 7.23%$345.18
50,700 at 7.24%$345.52
50,700 at 7.25%$345.86
50,700 at 7.26%$346.21
50,700 at 7.27%$346.55
50,700 at 7.28%$346.90
50,700 at 7.29%$347.24
50,700 at 7.3%$347.58
50,700 at 7.31%$347.93
50,700 at 7.32%$348.27
50,700 at 7.33%$348.62
50,700 at 7.34%$348.96
50,700 at 7.35%$349.31
50,700 at 7.36%$349.65
50,700 at 7.37%$350.00
50,700 at 7.38%$350.35
50,700 at 7.39%$350.69
50,700 at 7.4%$351.04
50,700 at 7.41%$351.38
50,700 at 7.42%$351.73
50,700 at 7.43%$352.07
50,700 at 7.44%$352.42
50,700 at 7.45%$352.77
50,700 at 7.46%$353.11
50,700 at 7.47%$353.46
50,700 at 7.48%$353.81
50,700 at 7.49%$354.15
50,700 at 7.5%$354.50
50,700 at 7.51%$354.85
50,700 at 7.52%$355.20
50,700 at 7.53%$355.54
50,700 at 7.54%$355.89
50,700 at 7.55%$356.24
50,700 at 7.56%$356.59
50,700 at 7.57%$356.94
50,700 at 7.58%$357.28
50,700 at 7.59%$357.63
50,700 at 7.6%$357.98
50,700 at 7.61%$358.33
50,700 at 7.62%$358.68
50,700 at 7.63%$359.03
50,700 at 7.64%$359.37
50,700 at 7.65%$359.72
50,700 at 7.66%$360.07
50,700 at 7.67%$360.42
50,700 at 7.68%$360.77
50,700 at 7.69%$361.12
50,700 at 7.7%$361.47
50,700 at 7.71%$361.82
50,700 at 7.72%$362.17
50,700 at 7.73%$362.52
50,700 at 7.74%$362.87
50,700 at 7.75%$363.22
50,700 at 7.76%$363.57
50,700 at 7.77%$363.92
50,700 at 7.78%$364.27
50,700 at 7.79%$364.62
50,700 at 7.8%$364.97
50,700 at 7.81%$365.33
50,700 at 7.82%$365.68
50,700 at 7.83%$366.03
50,700 at 7.84%$366.38
50,700 at 7.85%$366.73
50,700 at 7.86%$367.08
50,700 at 7.87%$367.43
50,700 at 7.88%$367.79
50,700 at 7.89%$368.14
50,700 at 7.9%$368.49
50,700 at 7.91%$368.84
50,700 at 7.92%$369.20
50,700 at 7.93%$369.55
50,700 at 7.94%$369.90
50,700 at 7.95%$370.25
50,700 at 7.96%$370.61
50,700 at 7.97%$370.96
50,700 at 7.98%$371.31
50,700 at 7.99%$371.67
50,700 at 8%$372.02
More Amounts
What is the down payment for a $50,700 house? How much do you need to put down?
Percent Down Down Payment
1%507
2%1,014
3%1,521
4%2,028
5%2,535
6%3,042
7%3,549
8%4,056
9%4,563
10%5,070
11%5,577
12%6,084
13%6,591
14%7,098
15%7,605
16%8,112
17%8,619
18%9,126
19%9,633
20%10,140
Percent Down Down Payment
21%10,647
22%11,154
23%11,661
24%12,168
25%12,675
26%13,182
27%13,689
28%14,196
29%14,703
30%15,210
31%15,717
32%16,224
33%16,731
34%17,238
35%17,745
36%18,252
37%18,759
38%19,266
39%19,773
40%20,280
Percent Down Down Payment
41%20,787
42%21,294
43%21,801
44%22,308
45%22,815
46%23,322
47%23,829
48%24,336
49%24,843
50%25,350
51%25,857
52%26,364
53%26,871
54%27,378
55%27,885
56%28,392
57%28,899
58%29,406
59%29,913
60%30,420
Percent Down Down Payment
61%30,927
62%31,434
63%31,941
64%32,448
65%32,955
66%33,462
67%33,969
68%34,476
69%34,983
70%35,490
71%35,997
72%36,504
73%37,011
74%37,518
75%38,025
76%38,532
77%39,039
78%39,546
79%40,053
80%40,560
Percent Down Down Payment
81%41,067
82%41,574
83%42,081
84%42,588
85%43,095
86%43,602
87%44,109
88%44,616
89%45,123
90%45,630
91%46,137
92%46,644
93%47,151
94%47,658
95%48,165
96%48,672
97%49,179
98%49,686
99%50,193
100%50,700
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.