$52,250 Mortgage for 30 Years

What is the monthly payment of a 52,250 dollar loan?
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Loan Tables for a $52,250 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 $52,250 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
52,250 at 2.01%$193.39
52,250 at 2.02%$193.65
52,250 at 2.03%$193.91
52,250 at 2.04%$194.17
52,250 at 2.05%$194.44
52,250 at 2.06%$194.70
52,250 at 2.07%$194.96
52,250 at 2.08%$195.22
52,250 at 2.09%$195.49
52,250 at 2.1%$195.75
52,250 at 2.11%$196.01
52,250 at 2.12%$196.28
52,250 at 2.13%$196.54
52,250 at 2.14%$196.80
52,250 at 2.15%$197.07
52,250 at 2.16%$197.33
52,250 at 2.17%$197.60
52,250 at 2.18%$197.86
52,250 at 2.19%$198.13
52,250 at 2.2%$198.39
52,250 at 2.21%$198.66
52,250 at 2.22%$198.93
52,250 at 2.23%$199.19
52,250 at 2.24%$199.46
52,250 at 2.25%$199.72
52,250 at 2.26%$199.99
52,250 at 2.27%$200.26
52,250 at 2.28%$200.52
52,250 at 2.29%$200.79
52,250 at 2.3%$201.06
52,250 at 2.31%$201.33
52,250 at 2.32%$201.59
52,250 at 2.33%$201.86
52,250 at 2.34%$202.13
52,250 at 2.35%$202.40
52,250 at 2.36%$202.67
52,250 at 2.37%$202.94
52,250 at 2.38%$203.21
52,250 at 2.39%$203.47
52,250 at 2.4%$203.74
52,250 at 2.41%$204.01
52,250 at 2.42%$204.28
52,250 at 2.43%$204.55
52,250 at 2.44%$204.82
52,250 at 2.45%$205.09
52,250 at 2.46%$205.37
52,250 at 2.47%$205.64
52,250 at 2.48%$205.91
52,250 at 2.49%$206.18
52,250 at 2.5%$206.45
52,250 at 2.51%$206.72
52,250 at 2.52%$206.99
52,250 at 2.53%$207.27
52,250 at 2.54%$207.54
52,250 at 2.55%$207.81
52,250 at 2.56%$208.08
52,250 at 2.57%$208.36
52,250 at 2.58%$208.63
52,250 at 2.59%$208.90
52,250 at 2.6%$209.18
52,250 at 2.61%$209.45
52,250 at 2.62%$209.73
52,250 at 2.63%$210.00
52,250 at 2.64%$210.27
52,250 at 2.65%$210.55
52,250 at 2.66%$210.82
52,250 at 2.67%$211.10
52,250 at 2.68%$211.37
52,250 at 2.69%$211.65
52,250 at 2.7%$211.92
52,250 at 2.71%$212.20
52,250 at 2.72%$212.48
52,250 at 2.73%$212.75
52,250 at 2.74%$213.03
52,250 at 2.75%$213.31
52,250 at 2.76%$213.58
52,250 at 2.77%$213.86
52,250 at 2.78%$214.14
52,250 at 2.79%$214.41
52,250 at 2.8%$214.69
52,250 at 2.81%$214.97
52,250 at 2.82%$215.25
52,250 at 2.83%$215.53
52,250 at 2.84%$215.81
52,250 at 2.85%$216.08
52,250 at 2.86%$216.36
52,250 at 2.87%$216.64
52,250 at 2.88%$216.92
52,250 at 2.89%$217.20
52,250 at 2.9%$217.48
52,250 at 2.91%$217.76
52,250 at 2.92%$218.04
52,250 at 2.93%$218.32
52,250 at 2.94%$218.60
52,250 at 2.95%$218.88
52,250 at 2.96%$219.16
52,250 at 2.97%$219.44
52,250 at 2.98%$219.72
52,250 at 2.99%$220.01
52,250 at 3%$220.29
52,250 at 3.01%$220.57
52,250 at 3.02%$220.85
52,250 at 3.03%$221.13
52,250 at 3.04%$221.42
52,250 at 3.05%$221.70
52,250 at 3.06%$221.98
52,250 at 3.07%$222.27
52,250 at 3.08%$222.55
52,250 at 3.09%$222.83
52,250 at 3.1%$223.12
52,250 at 3.11%$223.40
52,250 at 3.12%$223.68
52,250 at 3.13%$223.97
52,250 at 3.14%$224.25
52,250 at 3.15%$224.54
52,250 at 3.16%$224.82
52,250 at 3.17%$225.11
52,250 at 3.18%$225.39
52,250 at 3.19%$225.68
52,250 at 3.2%$225.96
52,250 at 3.21%$226.25
52,250 at 3.22%$226.54
52,250 at 3.23%$226.82
52,250 at 3.24%$227.11
52,250 at 3.25%$227.40
52,250 at 3.26%$227.68
52,250 at 3.27%$227.97
52,250 at 3.28%$228.26
52,250 at 3.29%$228.54
52,250 at 3.3%$228.83
52,250 at 3.31%$229.12
52,250 at 3.32%$229.41
52,250 at 3.33%$229.70
52,250 at 3.34%$229.98
52,250 at 3.35%$230.27
52,250 at 3.36%$230.56
52,250 at 3.37%$230.85
52,250 at 3.38%$231.14
52,250 at 3.39%$231.43
52,250 at 3.4%$231.72
52,250 at 3.41%$232.01
52,250 at 3.42%$232.30
52,250 at 3.43%$232.59
52,250 at 3.44%$232.88
52,250 at 3.45%$233.17
52,250 at 3.46%$233.46
52,250 at 3.47%$233.75
52,250 at 3.48%$234.04
52,250 at 3.49%$234.33
52,250 at 3.5%$234.63
Interest Rate 30 Year
52,250 at 3.51%$234.92
52,250 at 3.52%$235.21
52,250 at 3.53%$235.50
52,250 at 3.54%$235.79
52,250 at 3.55%$236.09
52,250 at 3.56%$236.38
52,250 at 3.57%$236.67
52,250 at 3.58%$236.97
52,250 at 3.59%$237.26
52,250 at 3.6%$237.55
52,250 at 3.61%$237.85
52,250 at 3.62%$238.14
52,250 at 3.63%$238.43
52,250 at 3.64%$238.73
52,250 at 3.65%$239.02
52,250 at 3.66%$239.32
52,250 at 3.67%$239.61
52,250 at 3.68%$239.91
52,250 at 3.69%$240.20
52,250 at 3.7%$240.50
52,250 at 3.71%$240.79
52,250 at 3.72%$241.09
52,250 at 3.73%$241.39
52,250 at 3.74%$241.68
52,250 at 3.75%$241.98
52,250 at 3.76%$242.27
52,250 at 3.77%$242.57
52,250 at 3.78%$242.87
52,250 at 3.79%$243.17
52,250 at 3.8%$243.46
52,250 at 3.81%$243.76
52,250 at 3.82%$244.06
52,250 at 3.83%$244.36
52,250 at 3.84%$244.65
52,250 at 3.85%$244.95
52,250 at 3.86%$245.25
52,250 at 3.87%$245.55
52,250 at 3.88%$245.85
52,250 at 3.89%$246.15
52,250 at 3.9%$246.45
52,250 at 3.91%$246.75
52,250 at 3.92%$247.05
52,250 at 3.93%$247.35
52,250 at 3.94%$247.65
52,250 at 3.95%$247.95
52,250 at 3.96%$248.25
52,250 at 3.97%$248.55
52,250 at 3.98%$248.85
52,250 at 3.99%$249.15
52,250 at 4%$249.45
52,250 at 4.01%$249.75
52,250 at 4.02%$250.05
52,250 at 4.03%$250.35
52,250 at 4.04%$250.66
52,250 at 4.05%$250.96
52,250 at 4.06%$251.26
52,250 at 4.07%$251.56
52,250 at 4.08%$251.87
52,250 at 4.09%$252.17
52,250 at 4.1%$252.47
52,250 at 4.11%$252.77
52,250 at 4.12%$253.08
52,250 at 4.13%$253.38
52,250 at 4.14%$253.69
52,250 at 4.15%$253.99
52,250 at 4.16%$254.29
52,250 at 4.17%$254.60
52,250 at 4.18%$254.90
52,250 at 4.19%$255.21
52,250 at 4.2%$255.51
52,250 at 4.21%$255.82
52,250 at 4.22%$256.12
52,250 at 4.23%$256.43
52,250 at 4.24%$256.73
52,250 at 4.25%$257.04
52,250 at 4.26%$257.34
52,250 at 4.27%$257.65
52,250 at 4.28%$257.96
52,250 at 4.29%$258.26
52,250 at 4.3%$258.57
52,250 at 4.31%$258.88
52,250 at 4.32%$259.18
52,250 at 4.33%$259.49
52,250 at 4.34%$259.80
52,250 at 4.35%$260.11
52,250 at 4.36%$260.41
52,250 at 4.37%$260.72
52,250 at 4.38%$261.03
52,250 at 4.39%$261.34
52,250 at 4.4%$261.65
52,250 at 4.41%$261.96
52,250 at 4.42%$262.27
52,250 at 4.43%$262.57
52,250 at 4.44%$262.88
52,250 at 4.45%$263.19
52,250 at 4.46%$263.50
52,250 at 4.47%$263.81
52,250 at 4.48%$264.12
52,250 at 4.49%$264.43
52,250 at 4.5%$264.74
52,250 at 4.51%$265.05
52,250 at 4.52%$265.36
52,250 at 4.53%$265.68
52,250 at 4.54%$265.99
52,250 at 4.55%$266.30
52,250 at 4.56%$266.61
52,250 at 4.57%$266.92
52,250 at 4.58%$267.23
52,250 at 4.59%$267.54
52,250 at 4.6%$267.86
52,250 at 4.61%$268.17
52,250 at 4.62%$268.48
52,250 at 4.63%$268.79
52,250 at 4.64%$269.11
52,250 at 4.65%$269.42
52,250 at 4.66%$269.73
52,250 at 4.67%$270.05
52,250 at 4.68%$270.36
52,250 at 4.69%$270.67
52,250 at 4.7%$270.99
52,250 at 4.71%$271.30
52,250 at 4.72%$271.62
52,250 at 4.73%$271.93
52,250 at 4.74%$272.25
52,250 at 4.75%$272.56
52,250 at 4.76%$272.88
52,250 at 4.77%$273.19
52,250 at 4.78%$273.51
52,250 at 4.79%$273.82
52,250 at 4.8%$274.14
52,250 at 4.81%$274.45
52,250 at 4.82%$274.77
52,250 at 4.83%$275.09
52,250 at 4.84%$275.40
52,250 at 4.85%$275.72
52,250 at 4.86%$276.04
52,250 at 4.87%$276.35
52,250 at 4.88%$276.67
52,250 at 4.89%$276.99
52,250 at 4.9%$277.30
52,250 at 4.91%$277.62
52,250 at 4.92%$277.94
52,250 at 4.93%$278.26
52,250 at 4.94%$278.58
52,250 at 4.95%$278.89
52,250 at 4.96%$279.21
52,250 at 4.97%$279.53
52,250 at 4.98%$279.85
52,250 at 4.99%$280.17
52,250 at 5%$280.49
Interest Rate 30 Year
52,250 at 5.01%$280.81
52,250 at 5.02%$281.13
52,250 at 5.03%$281.45
52,250 at 5.04%$281.77
52,250 at 5.05%$282.09
52,250 at 5.06%$282.41
52,250 at 5.07%$282.73
52,250 at 5.08%$283.05
52,250 at 5.09%$283.37
52,250 at 5.1%$283.69
52,250 at 5.11%$284.01
52,250 at 5.12%$284.33
52,250 at 5.13%$284.66
52,250 at 5.14%$284.98
52,250 at 5.15%$285.30
52,250 at 5.16%$285.62
52,250 at 5.17%$285.94
52,250 at 5.18%$286.27
52,250 at 5.19%$286.59
52,250 at 5.2%$286.91
52,250 at 5.21%$287.23
52,250 at 5.22%$287.56
52,250 at 5.23%$287.88
52,250 at 5.24%$288.20
52,250 at 5.25%$288.53
52,250 at 5.26%$288.85
52,250 at 5.27%$289.17
52,250 at 5.28%$289.50
52,250 at 5.29%$289.82
52,250 at 5.3%$290.15
52,250 at 5.31%$290.47
52,250 at 5.32%$290.80
52,250 at 5.33%$291.12
52,250 at 5.34%$291.45
52,250 at 5.35%$291.77
52,250 at 5.36%$292.10
52,250 at 5.37%$292.42
52,250 at 5.38%$292.75
52,250 at 5.39%$293.07
52,250 at 5.4%$293.40
52,250 at 5.41%$293.73
52,250 at 5.42%$294.05
52,250 at 5.43%$294.38
52,250 at 5.44%$294.71
52,250 at 5.45%$295.03
52,250 at 5.46%$295.36
52,250 at 5.47%$295.69
52,250 at 5.48%$296.01
52,250 at 5.49%$296.34
52,250 at 5.5%$296.67
52,250 at 5.51%$297.00
52,250 at 5.52%$297.33
52,250 at 5.53%$297.65
52,250 at 5.54%$297.98
52,250 at 5.55%$298.31
52,250 at 5.56%$298.64
52,250 at 5.57%$298.97
52,250 at 5.58%$299.30
52,250 at 5.59%$299.63
52,250 at 5.6%$299.96
52,250 at 5.61%$300.29
52,250 at 5.62%$300.62
52,250 at 5.63%$300.95
52,250 at 5.64%$301.28
52,250 at 5.65%$301.61
52,250 at 5.66%$301.94
52,250 at 5.67%$302.27
52,250 at 5.68%$302.60
52,250 at 5.69%$302.93
52,250 at 5.7%$303.26
52,250 at 5.71%$303.59
52,250 at 5.72%$303.92
52,250 at 5.73%$304.25
52,250 at 5.74%$304.58
52,250 at 5.75%$304.92
52,250 at 5.76%$305.25
52,250 at 5.77%$305.58
52,250 at 5.78%$305.91
52,250 at 5.79%$306.25
52,250 at 5.8%$306.58
52,250 at 5.81%$306.91
52,250 at 5.82%$307.24
52,250 at 5.83%$307.58
52,250 at 5.84%$307.91
52,250 at 5.85%$308.24
52,250 at 5.86%$308.58
52,250 at 5.87%$308.91
52,250 at 5.88%$309.25
52,250 at 5.89%$309.58
52,250 at 5.9%$309.91
52,250 at 5.91%$310.25
52,250 at 5.92%$310.58
52,250 at 5.93%$310.92
52,250 at 5.94%$311.25
52,250 at 5.95%$311.59
52,250 at 5.96%$311.92
52,250 at 5.97%$312.26
52,250 at 5.98%$312.59
52,250 at 5.99%$312.93
52,250 at 6%$313.27
52,250 at 6.01%$313.60
52,250 at 6.02%$313.94
52,250 at 6.03%$314.27
52,250 at 6.04%$314.61
52,250 at 6.05%$314.95
52,250 at 6.06%$315.28
52,250 at 6.07%$315.62
52,250 at 6.08%$315.96
52,250 at 6.09%$316.29
52,250 at 6.1%$316.63
52,250 at 6.11%$316.97
52,250 at 6.12%$317.31
52,250 at 6.13%$317.65
52,250 at 6.14%$317.98
52,250 at 6.15%$318.32
52,250 at 6.16%$318.66
52,250 at 6.17%$319.00
52,250 at 6.18%$319.34
52,250 at 6.19%$319.68
52,250 at 6.2%$320.02
52,250 at 6.21%$320.35
52,250 at 6.22%$320.69
52,250 at 6.23%$321.03
52,250 at 6.24%$321.37
52,250 at 6.25%$321.71
52,250 at 6.26%$322.05
52,250 at 6.27%$322.39
52,250 at 6.28%$322.73
52,250 at 6.29%$323.07
52,250 at 6.3%$323.41
52,250 at 6.31%$323.75
52,250 at 6.32%$324.09
52,250 at 6.33%$324.44
52,250 at 6.34%$324.78
52,250 at 6.35%$325.12
52,250 at 6.36%$325.46
52,250 at 6.37%$325.80
52,250 at 6.38%$326.14
52,250 at 6.39%$326.48
52,250 at 6.4%$326.83
52,250 at 6.41%$327.17
52,250 at 6.42%$327.51
52,250 at 6.43%$327.85
52,250 at 6.44%$328.20
52,250 at 6.45%$328.54
52,250 at 6.46%$328.88
52,250 at 6.47%$329.23
52,250 at 6.48%$329.57
52,250 at 6.49%$329.91
52,250 at 6.5%$330.26
Interest Rate 30 Year
52,250 at 6.51%$330.60
52,250 at 6.52%$330.94
52,250 at 6.53%$331.29
52,250 at 6.54%$331.63
52,250 at 6.55%$331.98
52,250 at 6.56%$332.32
52,250 at 6.57%$332.66
52,250 at 6.58%$333.01
52,250 at 6.59%$333.35
52,250 at 6.6%$333.70
52,250 at 6.61%$334.04
52,250 at 6.62%$334.39
52,250 at 6.63%$334.74
52,250 at 6.64%$335.08
52,250 at 6.65%$335.43
52,250 at 6.66%$335.77
52,250 at 6.67%$336.12
52,250 at 6.68%$336.46
52,250 at 6.69%$336.81
52,250 at 6.7%$337.16
52,250 at 6.71%$337.50
52,250 at 6.72%$337.85
52,250 at 6.73%$338.20
52,250 at 6.74%$338.55
52,250 at 6.75%$338.89
52,250 at 6.76%$339.24
52,250 at 6.77%$339.59
52,250 at 6.78%$339.94
52,250 at 6.79%$340.28
52,250 at 6.8%$340.63
52,250 at 6.81%$340.98
52,250 at 6.82%$341.33
52,250 at 6.83%$341.68
52,250 at 6.84%$342.02
52,250 at 6.85%$342.37
52,250 at 6.86%$342.72
52,250 at 6.87%$343.07
52,250 at 6.88%$343.42
52,250 at 6.89%$343.77
52,250 at 6.9%$344.12
52,250 at 6.91%$344.47
52,250 at 6.92%$344.82
52,250 at 6.93%$345.17
52,250 at 6.94%$345.52
52,250 at 6.95%$345.87
52,250 at 6.96%$346.22
52,250 at 6.97%$346.57
52,250 at 6.98%$346.92
52,250 at 6.99%$347.27
52,250 at 7%$347.62
52,250 at 7.01%$347.97
52,250 at 7.02%$348.32
52,250 at 7.03%$348.67
52,250 at 7.04%$349.03
52,250 at 7.05%$349.38
52,250 at 7.06%$349.73
52,250 at 7.07%$350.08
52,250 at 7.08%$350.43
52,250 at 7.09%$350.78
52,250 at 7.1%$351.14
52,250 at 7.11%$351.49
52,250 at 7.12%$351.84
52,250 at 7.13%$352.19
52,250 at 7.14%$352.55
52,250 at 7.15%$352.90
52,250 at 7.16%$353.25
52,250 at 7.17%$353.61
52,250 at 7.18%$353.96
52,250 at 7.19%$354.31
52,250 at 7.2%$354.67
52,250 at 7.21%$355.02
52,250 at 7.22%$355.37
52,250 at 7.23%$355.73
52,250 at 7.24%$356.08
52,250 at 7.25%$356.44
52,250 at 7.26%$356.79
52,250 at 7.27%$357.15
52,250 at 7.28%$357.50
52,250 at 7.29%$357.86
52,250 at 7.3%$358.21
52,250 at 7.31%$358.57
52,250 at 7.32%$358.92
52,250 at 7.33%$359.28
52,250 at 7.34%$359.63
52,250 at 7.35%$359.99
52,250 at 7.36%$360.34
52,250 at 7.37%$360.70
52,250 at 7.38%$361.06
52,250 at 7.39%$361.41
52,250 at 7.4%$361.77
52,250 at 7.41%$362.12
52,250 at 7.42%$362.48
52,250 at 7.43%$362.84
52,250 at 7.44%$363.20
52,250 at 7.45%$363.55
52,250 at 7.46%$363.91
52,250 at 7.47%$364.27
52,250 at 7.48%$364.62
52,250 at 7.49%$364.98
52,250 at 7.5%$365.34
52,250 at 7.51%$365.70
52,250 at 7.52%$366.06
52,250 at 7.53%$366.41
52,250 at 7.54%$366.77
52,250 at 7.55%$367.13
52,250 at 7.56%$367.49
52,250 at 7.57%$367.85
52,250 at 7.58%$368.21
52,250 at 7.59%$368.57
52,250 at 7.6%$368.92
52,250 at 7.61%$369.28
52,250 at 7.62%$369.64
52,250 at 7.63%$370.00
52,250 at 7.64%$370.36
52,250 at 7.65%$370.72
52,250 at 7.66%$371.08
52,250 at 7.67%$371.44
52,250 at 7.68%$371.80
52,250 at 7.69%$372.16
52,250 at 7.7%$372.52
52,250 at 7.71%$372.88
52,250 at 7.72%$373.24
52,250 at 7.73%$373.60
52,250 at 7.74%$373.96
52,250 at 7.75%$374.33
52,250 at 7.76%$374.69
52,250 at 7.77%$375.05
52,250 at 7.78%$375.41
52,250 at 7.79%$375.77
52,250 at 7.8%$376.13
52,250 at 7.81%$376.49
52,250 at 7.82%$376.86
52,250 at 7.83%$377.22
52,250 at 7.84%$377.58
52,250 at 7.85%$377.94
52,250 at 7.86%$378.30
52,250 at 7.87%$378.67
52,250 at 7.88%$379.03
52,250 at 7.89%$379.39
52,250 at 7.9%$379.76
52,250 at 7.91%$380.12
52,250 at 7.92%$380.48
52,250 at 7.93%$380.85
52,250 at 7.94%$381.21
52,250 at 7.95%$381.57
52,250 at 7.96%$381.94
52,250 at 7.97%$382.30
52,250 at 7.98%$382.66
52,250 at 7.99%$383.03
52,250 at 8%$383.39
More Amounts
What is the down payment for a $52,250 house? How much do you need to put down?
Percent Down Down Payment
1%523
2%1,045
3%1,568
4%2,090
5%2,613
6%3,135
7%3,658
8%4,180
9%4,703
10%5,225
11%5,748
12%6,270
13%6,793
14%7,315
15%7,838
16%8,360
17%8,883
18%9,405
19%9,928
20%10,450
Percent Down Down Payment
21%10,973
22%11,495
23%12,018
24%12,540
25%13,063
26%13,585
27%14,108
28%14,630
29%15,153
30%15,675
31%16,198
32%16,720
33%17,243
34%17,765
35%18,288
36%18,810
37%19,333
38%19,855
39%20,378
40%20,900
Percent Down Down Payment
41%21,423
42%21,945
43%22,468
44%22,990
45%23,513
46%24,035
47%24,558
48%25,080
49%25,603
50%26,125
51%26,648
52%27,170
53%27,693
54%28,215
55%28,738
56%29,260
57%29,783
58%30,305
59%30,828
60%31,350
Percent Down Down Payment
61%31,873
62%32,395
63%32,918
64%33,440
65%33,963
66%34,485
67%35,008
68%35,530
69%36,053
70%36,575
71%37,098
72%37,620
73%38,143
74%38,665
75%39,188
76%39,710
77%40,233
78%40,755
79%41,278
80%41,800
Percent Down Down Payment
81%42,323
82%42,845
83%43,368
84%43,890
85%44,413
86%44,935
87%45,458
88%45,980
89%46,503
90%47,025
91%47,548
92%48,070
93%48,593
94%49,115
95%49,638
96%50,160
97%50,683
98%51,205
99%51,728
100%52,250
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.