$51,700 Mortgage for 30 Years

What is the monthly payment of a 51,700 dollar loan?
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Loan Tables for a $51,700 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 52k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $51,700 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
51,700 at 2.01%$191.35
51,700 at 2.02%$191.61
51,700 at 2.03%$191.87
51,700 at 2.04%$192.13
51,700 at 2.05%$192.39
51,700 at 2.06%$192.65
51,700 at 2.07%$192.91
51,700 at 2.08%$193.17
51,700 at 2.09%$193.43
51,700 at 2.1%$193.69
51,700 at 2.11%$193.95
51,700 at 2.12%$194.21
51,700 at 2.13%$194.47
51,700 at 2.14%$194.73
51,700 at 2.15%$194.99
51,700 at 2.16%$195.26
51,700 at 2.17%$195.52
51,700 at 2.18%$195.78
51,700 at 2.19%$196.04
51,700 at 2.2%$196.31
51,700 at 2.21%$196.57
51,700 at 2.22%$196.83
51,700 at 2.23%$197.09
51,700 at 2.24%$197.36
51,700 at 2.25%$197.62
51,700 at 2.26%$197.89
51,700 at 2.27%$198.15
51,700 at 2.28%$198.41
51,700 at 2.29%$198.68
51,700 at 2.3%$198.94
51,700 at 2.31%$199.21
51,700 at 2.32%$199.47
51,700 at 2.33%$199.74
51,700 at 2.34%$200.00
51,700 at 2.35%$200.27
51,700 at 2.36%$200.53
51,700 at 2.37%$200.80
51,700 at 2.38%$201.07
51,700 at 2.39%$201.33
51,700 at 2.4%$201.60
51,700 at 2.41%$201.87
51,700 at 2.42%$202.13
51,700 at 2.43%$202.40
51,700 at 2.44%$202.67
51,700 at 2.45%$202.94
51,700 at 2.46%$203.20
51,700 at 2.47%$203.47
51,700 at 2.48%$203.74
51,700 at 2.49%$204.01
51,700 at 2.5%$204.28
51,700 at 2.51%$204.55
51,700 at 2.52%$204.82
51,700 at 2.53%$205.08
51,700 at 2.54%$205.35
51,700 at 2.55%$205.62
51,700 at 2.56%$205.89
51,700 at 2.57%$206.16
51,700 at 2.58%$206.43
51,700 at 2.59%$206.70
51,700 at 2.6%$206.98
51,700 at 2.61%$207.25
51,700 at 2.62%$207.52
51,700 at 2.63%$207.79
51,700 at 2.64%$208.06
51,700 at 2.65%$208.33
51,700 at 2.66%$208.60
51,700 at 2.67%$208.88
51,700 at 2.68%$209.15
51,700 at 2.69%$209.42
51,700 at 2.7%$209.69
51,700 at 2.71%$209.97
51,700 at 2.72%$210.24
51,700 at 2.73%$210.51
51,700 at 2.74%$210.79
51,700 at 2.75%$211.06
51,700 at 2.76%$211.33
51,700 at 2.77%$211.61
51,700 at 2.78%$211.88
51,700 at 2.79%$212.16
51,700 at 2.8%$212.43
51,700 at 2.81%$212.71
51,700 at 2.82%$212.98
51,700 at 2.83%$213.26
51,700 at 2.84%$213.53
51,700 at 2.85%$213.81
51,700 at 2.86%$214.09
51,700 at 2.87%$214.36
51,700 at 2.88%$214.64
51,700 at 2.89%$214.91
51,700 at 2.9%$215.19
51,700 at 2.91%$215.47
51,700 at 2.92%$215.74
51,700 at 2.93%$216.02
51,700 at 2.94%$216.30
51,700 at 2.95%$216.58
51,700 at 2.96%$216.86
51,700 at 2.97%$217.13
51,700 at 2.98%$217.41
51,700 at 2.99%$217.69
51,700 at 3%$217.97
51,700 at 3.01%$218.25
51,700 at 3.02%$218.53
51,700 at 3.03%$218.81
51,700 at 3.04%$219.09
51,700 at 3.05%$219.37
51,700 at 3.06%$219.65
51,700 at 3.07%$219.93
51,700 at 3.08%$220.21
51,700 at 3.09%$220.49
51,700 at 3.1%$220.77
51,700 at 3.11%$221.05
51,700 at 3.12%$221.33
51,700 at 3.13%$221.61
51,700 at 3.14%$221.89
51,700 at 3.15%$222.17
51,700 at 3.16%$222.46
51,700 at 3.17%$222.74
51,700 at 3.18%$223.02
51,700 at 3.19%$223.30
51,700 at 3.2%$223.59
51,700 at 3.21%$223.87
51,700 at 3.22%$224.15
51,700 at 3.23%$224.43
51,700 at 3.24%$224.72
51,700 at 3.25%$225.00
51,700 at 3.26%$225.29
51,700 at 3.27%$225.57
51,700 at 3.28%$225.85
51,700 at 3.29%$226.14
51,700 at 3.3%$226.42
51,700 at 3.31%$226.71
51,700 at 3.32%$226.99
51,700 at 3.33%$227.28
51,700 at 3.34%$227.56
51,700 at 3.35%$227.85
51,700 at 3.36%$228.13
51,700 at 3.37%$228.42
51,700 at 3.38%$228.71
51,700 at 3.39%$228.99
51,700 at 3.4%$229.28
51,700 at 3.41%$229.57
51,700 at 3.42%$229.85
51,700 at 3.43%$230.14
51,700 at 3.44%$230.43
51,700 at 3.45%$230.72
51,700 at 3.46%$231.00
51,700 at 3.47%$231.29
51,700 at 3.48%$231.58
51,700 at 3.49%$231.87
51,700 at 3.5%$232.16
Interest Rate 30 Year
51,700 at 3.51%$232.44
51,700 at 3.52%$232.73
51,700 at 3.53%$233.02
51,700 at 3.54%$233.31
51,700 at 3.55%$233.60
51,700 at 3.56%$233.89
51,700 at 3.57%$234.18
51,700 at 3.58%$234.47
51,700 at 3.59%$234.76
51,700 at 3.6%$235.05
51,700 at 3.61%$235.34
51,700 at 3.62%$235.63
51,700 at 3.63%$235.92
51,700 at 3.64%$236.22
51,700 at 3.65%$236.51
51,700 at 3.66%$236.80
51,700 at 3.67%$237.09
51,700 at 3.68%$237.38
51,700 at 3.69%$237.67
51,700 at 3.7%$237.97
51,700 at 3.71%$238.26
51,700 at 3.72%$238.55
51,700 at 3.73%$238.84
51,700 at 3.74%$239.14
51,700 at 3.75%$239.43
51,700 at 3.76%$239.72
51,700 at 3.77%$240.02
51,700 at 3.78%$240.31
51,700 at 3.79%$240.61
51,700 at 3.8%$240.90
51,700 at 3.81%$241.19
51,700 at 3.82%$241.49
51,700 at 3.83%$241.78
51,700 at 3.84%$242.08
51,700 at 3.85%$242.37
51,700 at 3.86%$242.67
51,700 at 3.87%$242.96
51,700 at 3.88%$243.26
51,700 at 3.89%$243.56
51,700 at 3.9%$243.85
51,700 at 3.91%$244.15
51,700 at 3.92%$244.45
51,700 at 3.93%$244.74
51,700 at 3.94%$245.04
51,700 at 3.95%$245.34
51,700 at 3.96%$245.63
51,700 at 3.97%$245.93
51,700 at 3.98%$246.23
51,700 at 3.99%$246.53
51,700 at 4%$246.82
51,700 at 4.01%$247.12
51,700 at 4.02%$247.42
51,700 at 4.03%$247.72
51,700 at 4.04%$248.02
51,700 at 4.05%$248.32
51,700 at 4.06%$248.62
51,700 at 4.07%$248.91
51,700 at 4.08%$249.21
51,700 at 4.09%$249.51
51,700 at 4.1%$249.81
51,700 at 4.11%$250.11
51,700 at 4.12%$250.41
51,700 at 4.13%$250.71
51,700 at 4.14%$251.01
51,700 at 4.15%$251.32
51,700 at 4.16%$251.62
51,700 at 4.17%$251.92
51,700 at 4.18%$252.22
51,700 at 4.19%$252.52
51,700 at 4.2%$252.82
51,700 at 4.21%$253.12
51,700 at 4.22%$253.43
51,700 at 4.23%$253.73
51,700 at 4.24%$254.03
51,700 at 4.25%$254.33
51,700 at 4.26%$254.64
51,700 at 4.27%$254.94
51,700 at 4.28%$255.24
51,700 at 4.29%$255.55
51,700 at 4.3%$255.85
51,700 at 4.31%$256.15
51,700 at 4.32%$256.46
51,700 at 4.33%$256.76
51,700 at 4.34%$257.06
51,700 at 4.35%$257.37
51,700 at 4.36%$257.67
51,700 at 4.37%$257.98
51,700 at 4.38%$258.28
51,700 at 4.39%$258.59
51,700 at 4.4%$258.89
51,700 at 4.41%$259.20
51,700 at 4.42%$259.50
51,700 at 4.43%$259.81
51,700 at 4.44%$260.12
51,700 at 4.45%$260.42
51,700 at 4.46%$260.73
51,700 at 4.47%$261.04
51,700 at 4.48%$261.34
51,700 at 4.49%$261.65
51,700 at 4.5%$261.96
51,700 at 4.51%$262.26
51,700 at 4.52%$262.57
51,700 at 4.53%$262.88
51,700 at 4.54%$263.19
51,700 at 4.55%$263.49
51,700 at 4.56%$263.80
51,700 at 4.57%$264.11
51,700 at 4.58%$264.42
51,700 at 4.59%$264.73
51,700 at 4.6%$265.04
51,700 at 4.61%$265.35
51,700 at 4.62%$265.66
51,700 at 4.63%$265.96
51,700 at 4.64%$266.27
51,700 at 4.65%$266.58
51,700 at 4.66%$266.89
51,700 at 4.67%$267.20
51,700 at 4.68%$267.51
51,700 at 4.69%$267.83
51,700 at 4.7%$268.14
51,700 at 4.71%$268.45
51,700 at 4.72%$268.76
51,700 at 4.73%$269.07
51,700 at 4.74%$269.38
51,700 at 4.75%$269.69
51,700 at 4.76%$270.00
51,700 at 4.77%$270.32
51,700 at 4.78%$270.63
51,700 at 4.79%$270.94
51,700 at 4.8%$271.25
51,700 at 4.81%$271.56
51,700 at 4.82%$271.88
51,700 at 4.83%$272.19
51,700 at 4.84%$272.50
51,700 at 4.85%$272.82
51,700 at 4.86%$273.13
51,700 at 4.87%$273.44
51,700 at 4.88%$273.76
51,700 at 4.89%$274.07
51,700 at 4.9%$274.39
51,700 at 4.91%$274.70
51,700 at 4.92%$275.01
51,700 at 4.93%$275.33
51,700 at 4.94%$275.64
51,700 at 4.95%$275.96
51,700 at 4.96%$276.27
51,700 at 4.97%$276.59
51,700 at 4.98%$276.91
51,700 at 4.99%$277.22
51,700 at 5%$277.54
Interest Rate 30 Year
51,700 at 5.01%$277.85
51,700 at 5.02%$278.17
51,700 at 5.03%$278.49
51,700 at 5.04%$278.80
51,700 at 5.05%$279.12
51,700 at 5.06%$279.44
51,700 at 5.07%$279.75
51,700 at 5.08%$280.07
51,700 at 5.09%$280.39
51,700 at 5.1%$280.71
51,700 at 5.11%$281.02
51,700 at 5.12%$281.34
51,700 at 5.13%$281.66
51,700 at 5.14%$281.98
51,700 at 5.15%$282.30
51,700 at 5.16%$282.61
51,700 at 5.17%$282.93
51,700 at 5.18%$283.25
51,700 at 5.19%$283.57
51,700 at 5.2%$283.89
51,700 at 5.21%$284.21
51,700 at 5.22%$284.53
51,700 at 5.23%$284.85
51,700 at 5.24%$285.17
51,700 at 5.25%$285.49
51,700 at 5.26%$285.81
51,700 at 5.27%$286.13
51,700 at 5.28%$286.45
51,700 at 5.29%$286.77
51,700 at 5.3%$287.09
51,700 at 5.31%$287.41
51,700 at 5.32%$287.73
51,700 at 5.33%$288.06
51,700 at 5.34%$288.38
51,700 at 5.35%$288.70
51,700 at 5.36%$289.02
51,700 at 5.37%$289.34
51,700 at 5.38%$289.67
51,700 at 5.39%$289.99
51,700 at 5.4%$290.31
51,700 at 5.41%$290.63
51,700 at 5.42%$290.96
51,700 at 5.43%$291.28
51,700 at 5.44%$291.60
51,700 at 5.45%$291.93
51,700 at 5.46%$292.25
51,700 at 5.47%$292.57
51,700 at 5.48%$292.90
51,700 at 5.49%$293.22
51,700 at 5.5%$293.55
51,700 at 5.51%$293.87
51,700 at 5.52%$294.20
51,700 at 5.53%$294.52
51,700 at 5.54%$294.85
51,700 at 5.55%$295.17
51,700 at 5.56%$295.50
51,700 at 5.57%$295.82
51,700 at 5.58%$296.15
51,700 at 5.59%$296.47
51,700 at 5.6%$296.80
51,700 at 5.61%$297.12
51,700 at 5.62%$297.45
51,700 at 5.63%$297.78
51,700 at 5.64%$298.10
51,700 at 5.65%$298.43
51,700 at 5.66%$298.76
51,700 at 5.67%$299.08
51,700 at 5.68%$299.41
51,700 at 5.69%$299.74
51,700 at 5.7%$300.07
51,700 at 5.71%$300.39
51,700 at 5.72%$300.72
51,700 at 5.73%$301.05
51,700 at 5.74%$301.38
51,700 at 5.75%$301.71
51,700 at 5.76%$302.04
51,700 at 5.77%$302.36
51,700 at 5.78%$302.69
51,700 at 5.79%$303.02
51,700 at 5.8%$303.35
51,700 at 5.81%$303.68
51,700 at 5.82%$304.01
51,700 at 5.83%$304.34
51,700 at 5.84%$304.67
51,700 at 5.85%$305.00
51,700 at 5.86%$305.33
51,700 at 5.87%$305.66
51,700 at 5.88%$305.99
51,700 at 5.89%$306.32
51,700 at 5.9%$306.65
51,700 at 5.91%$306.98
51,700 at 5.92%$307.31
51,700 at 5.93%$307.64
51,700 at 5.94%$307.98
51,700 at 5.95%$308.31
51,700 at 5.96%$308.64
51,700 at 5.97%$308.97
51,700 at 5.98%$309.30
51,700 at 5.99%$309.64
51,700 at 6%$309.97
51,700 at 6.01%$310.30
51,700 at 6.02%$310.63
51,700 at 6.03%$310.97
51,700 at 6.04%$311.30
51,700 at 6.05%$311.63
51,700 at 6.06%$311.96
51,700 at 6.07%$312.30
51,700 at 6.08%$312.63
51,700 at 6.09%$312.97
51,700 at 6.1%$313.30
51,700 at 6.11%$313.63
51,700 at 6.12%$313.97
51,700 at 6.13%$314.30
51,700 at 6.14%$314.64
51,700 at 6.15%$314.97
51,700 at 6.16%$315.31
51,700 at 6.17%$315.64
51,700 at 6.18%$315.98
51,700 at 6.19%$316.31
51,700 at 6.2%$316.65
51,700 at 6.21%$316.98
51,700 at 6.22%$317.32
51,700 at 6.23%$317.65
51,700 at 6.24%$317.99
51,700 at 6.25%$318.33
51,700 at 6.26%$318.66
51,700 at 6.27%$319.00
51,700 at 6.28%$319.34
51,700 at 6.29%$319.67
51,700 at 6.3%$320.01
51,700 at 6.31%$320.35
51,700 at 6.32%$320.68
51,700 at 6.33%$321.02
51,700 at 6.34%$321.36
51,700 at 6.35%$321.70
51,700 at 6.36%$322.03
51,700 at 6.37%$322.37
51,700 at 6.38%$322.71
51,700 at 6.39%$323.05
51,700 at 6.4%$323.39
51,700 at 6.41%$323.73
51,700 at 6.42%$324.06
51,700 at 6.43%$324.40
51,700 at 6.44%$324.74
51,700 at 6.45%$325.08
51,700 at 6.46%$325.42
51,700 at 6.47%$325.76
51,700 at 6.48%$326.10
51,700 at 6.49%$326.44
51,700 at 6.5%$326.78
Interest Rate 30 Year
51,700 at 6.51%$327.12
51,700 at 6.52%$327.46
51,700 at 6.53%$327.80
51,700 at 6.54%$328.14
51,700 at 6.55%$328.48
51,700 at 6.56%$328.82
51,700 at 6.57%$329.16
51,700 at 6.58%$329.50
51,700 at 6.59%$329.85
51,700 at 6.6%$330.19
51,700 at 6.61%$330.53
51,700 at 6.62%$330.87
51,700 at 6.63%$331.21
51,700 at 6.64%$331.55
51,700 at 6.65%$331.90
51,700 at 6.66%$332.24
51,700 at 6.67%$332.58
51,700 at 6.68%$332.92
51,700 at 6.69%$333.27
51,700 at 6.7%$333.61
51,700 at 6.71%$333.95
51,700 at 6.72%$334.29
51,700 at 6.73%$334.64
51,700 at 6.74%$334.98
51,700 at 6.75%$335.33
51,700 at 6.76%$335.67
51,700 at 6.77%$336.01
51,700 at 6.78%$336.36
51,700 at 6.79%$336.70
51,700 at 6.8%$337.05
51,700 at 6.81%$337.39
51,700 at 6.82%$337.73
51,700 at 6.83%$338.08
51,700 at 6.84%$338.42
51,700 at 6.85%$338.77
51,700 at 6.86%$339.11
51,700 at 6.87%$339.46
51,700 at 6.88%$339.80
51,700 at 6.89%$340.15
51,700 at 6.9%$340.50
51,700 at 6.91%$340.84
51,700 at 6.92%$341.19
51,700 at 6.93%$341.53
51,700 at 6.94%$341.88
51,700 at 6.95%$342.23
51,700 at 6.96%$342.57
51,700 at 6.97%$342.92
51,700 at 6.98%$343.27
51,700 at 6.99%$343.61
51,700 at 7%$343.96
51,700 at 7.01%$344.31
51,700 at 7.02%$344.66
51,700 at 7.03%$345.00
51,700 at 7.04%$345.35
51,700 at 7.05%$345.70
51,700 at 7.06%$346.05
51,700 at 7.07%$346.40
51,700 at 7.08%$346.74
51,700 at 7.09%$347.09
51,700 at 7.1%$347.44
51,700 at 7.11%$347.79
51,700 at 7.12%$348.14
51,700 at 7.13%$348.49
51,700 at 7.14%$348.84
51,700 at 7.15%$349.19
51,700 at 7.16%$349.53
51,700 at 7.17%$349.88
51,700 at 7.18%$350.23
51,700 at 7.19%$350.58
51,700 at 7.2%$350.93
51,700 at 7.21%$351.28
51,700 at 7.22%$351.63
51,700 at 7.23%$351.98
51,700 at 7.24%$352.33
51,700 at 7.25%$352.69
51,700 at 7.26%$353.04
51,700 at 7.27%$353.39
51,700 at 7.28%$353.74
51,700 at 7.29%$354.09
51,700 at 7.3%$354.44
51,700 at 7.31%$354.79
51,700 at 7.32%$355.14
51,700 at 7.33%$355.49
51,700 at 7.34%$355.85
51,700 at 7.35%$356.20
51,700 at 7.36%$356.55
51,700 at 7.37%$356.90
51,700 at 7.38%$357.26
51,700 at 7.39%$357.61
51,700 at 7.4%$357.96
51,700 at 7.41%$358.31
51,700 at 7.42%$358.67
51,700 at 7.43%$359.02
51,700 at 7.44%$359.37
51,700 at 7.45%$359.73
51,700 at 7.46%$360.08
51,700 at 7.47%$360.43
51,700 at 7.48%$360.79
51,700 at 7.49%$361.14
51,700 at 7.5%$361.49
51,700 at 7.51%$361.85
51,700 at 7.52%$362.20
51,700 at 7.53%$362.56
51,700 at 7.54%$362.91
51,700 at 7.55%$363.27
51,700 at 7.56%$363.62
51,700 at 7.57%$363.98
51,700 at 7.58%$364.33
51,700 at 7.59%$364.69
51,700 at 7.6%$365.04
51,700 at 7.61%$365.40
51,700 at 7.62%$365.75
51,700 at 7.63%$366.11
51,700 at 7.64%$366.46
51,700 at 7.65%$366.82
51,700 at 7.66%$367.17
51,700 at 7.67%$367.53
51,700 at 7.68%$367.89
51,700 at 7.69%$368.24
51,700 at 7.7%$368.60
51,700 at 7.71%$368.96
51,700 at 7.72%$369.31
51,700 at 7.73%$369.67
51,700 at 7.74%$370.03
51,700 at 7.75%$370.39
51,700 at 7.76%$370.74
51,700 at 7.77%$371.10
51,700 at 7.78%$371.46
51,700 at 7.79%$371.82
51,700 at 7.8%$372.17
51,700 at 7.81%$372.53
51,700 at 7.82%$372.89
51,700 at 7.83%$373.25
51,700 at 7.84%$373.61
51,700 at 7.85%$373.96
51,700 at 7.86%$374.32
51,700 at 7.87%$374.68
51,700 at 7.88%$375.04
51,700 at 7.89%$375.40
51,700 at 7.9%$375.76
51,700 at 7.91%$376.12
51,700 at 7.92%$376.48
51,700 at 7.93%$376.84
51,700 at 7.94%$377.20
51,700 at 7.95%$377.56
51,700 at 7.96%$377.92
51,700 at 7.97%$378.28
51,700 at 7.98%$378.64
51,700 at 7.99%$379.00
51,700 at 8%$379.36
More Amounts
What is the down payment for a $51,700 house? How much do you need to put down?
Percent Down Down Payment
1%517
2%1,034
3%1,551
4%2,068
5%2,585
6%3,102
7%3,619
8%4,136
9%4,653
10%5,170
11%5,687
12%6,204
13%6,721
14%7,238
15%7,755
16%8,272
17%8,789
18%9,306
19%9,823
20%10,340
Percent Down Down Payment
21%10,857
22%11,374
23%11,891
24%12,408
25%12,925
26%13,442
27%13,959
28%14,476
29%14,993
30%15,510
31%16,027
32%16,544
33%17,061
34%17,578
35%18,095
36%18,612
37%19,129
38%19,646
39%20,163
40%20,680
Percent Down Down Payment
41%21,197
42%21,714
43%22,231
44%22,748
45%23,265
46%23,782
47%24,299
48%24,816
49%25,333
50%25,850
51%26,367
52%26,884
53%27,401
54%27,918
55%28,435
56%28,952
57%29,469
58%29,986
59%30,503
60%31,020
Percent Down Down Payment
61%31,537
62%32,054
63%32,571
64%33,088
65%33,605
66%34,122
67%34,639
68%35,156
69%35,673
70%36,190
71%36,707
72%37,224
73%37,741
74%38,258
75%38,775
76%39,292
77%39,809
78%40,326
79%40,843
80%41,360
Percent Down Down Payment
81%41,877
82%42,394
83%42,911
84%43,428
85%43,945
86%44,462
87%44,979
88%45,496
89%46,013
90%46,530
91%47,047
92%47,564
93%48,081
94%48,598
95%49,115
96%49,632
97%50,149
98%50,666
99%51,183
100%51,700
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.