$52,950 Mortgage for 30 Years

What is the monthly payment of a 52,950 dollar loan?
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Loan Tables for a $52,950 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 53k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $52,950 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
52,950 at 2.01%$195.98
52,950 at 2.02%$196.24
52,950 at 2.03%$196.51
52,950 at 2.04%$196.77
52,950 at 2.05%$197.04
52,950 at 2.06%$197.31
52,950 at 2.07%$197.57
52,950 at 2.08%$197.84
52,950 at 2.09%$198.11
52,950 at 2.1%$198.37
52,950 at 2.11%$198.64
52,950 at 2.12%$198.91
52,950 at 2.13%$199.17
52,950 at 2.14%$199.44
52,950 at 2.15%$199.71
52,950 at 2.16%$199.98
52,950 at 2.17%$200.25
52,950 at 2.18%$200.51
52,950 at 2.19%$200.78
52,950 at 2.2%$201.05
52,950 at 2.21%$201.32
52,950 at 2.22%$201.59
52,950 at 2.23%$201.86
52,950 at 2.24%$202.13
52,950 at 2.25%$202.40
52,950 at 2.26%$202.67
52,950 at 2.27%$202.94
52,950 at 2.28%$203.21
52,950 at 2.29%$203.48
52,950 at 2.3%$203.75
52,950 at 2.31%$204.02
52,950 at 2.32%$204.29
52,950 at 2.33%$204.57
52,950 at 2.34%$204.84
52,950 at 2.35%$205.11
52,950 at 2.36%$205.38
52,950 at 2.37%$205.66
52,950 at 2.38%$205.93
52,950 at 2.39%$206.20
52,950 at 2.4%$206.47
52,950 at 2.41%$206.75
52,950 at 2.42%$207.02
52,950 at 2.43%$207.29
52,950 at 2.44%$207.57
52,950 at 2.45%$207.84
52,950 at 2.46%$208.12
52,950 at 2.47%$208.39
52,950 at 2.48%$208.67
52,950 at 2.49%$208.94
52,950 at 2.5%$209.22
52,950 at 2.51%$209.49
52,950 at 2.52%$209.77
52,950 at 2.53%$210.04
52,950 at 2.54%$210.32
52,950 at 2.55%$210.60
52,950 at 2.56%$210.87
52,950 at 2.57%$211.15
52,950 at 2.58%$211.43
52,950 at 2.59%$211.70
52,950 at 2.6%$211.98
52,950 at 2.61%$212.26
52,950 at 2.62%$212.54
52,950 at 2.63%$212.81
52,950 at 2.64%$213.09
52,950 at 2.65%$213.37
52,950 at 2.66%$213.65
52,950 at 2.67%$213.93
52,950 at 2.68%$214.21
52,950 at 2.69%$214.48
52,950 at 2.7%$214.76
52,950 at 2.71%$215.04
52,950 at 2.72%$215.32
52,950 at 2.73%$215.60
52,950 at 2.74%$215.88
52,950 at 2.75%$216.16
52,950 at 2.76%$216.44
52,950 at 2.77%$216.73
52,950 at 2.78%$217.01
52,950 at 2.79%$217.29
52,950 at 2.8%$217.57
52,950 at 2.81%$217.85
52,950 at 2.82%$218.13
52,950 at 2.83%$218.41
52,950 at 2.84%$218.70
52,950 at 2.85%$218.98
52,950 at 2.86%$219.26
52,950 at 2.87%$219.54
52,950 at 2.88%$219.83
52,950 at 2.89%$220.11
52,950 at 2.9%$220.39
52,950 at 2.91%$220.68
52,950 at 2.92%$220.96
52,950 at 2.93%$221.25
52,950 at 2.94%$221.53
52,950 at 2.95%$221.81
52,950 at 2.96%$222.10
52,950 at 2.97%$222.38
52,950 at 2.98%$222.67
52,950 at 2.99%$222.95
52,950 at 3%$223.24
52,950 at 3.01%$223.53
52,950 at 3.02%$223.81
52,950 at 3.03%$224.10
52,950 at 3.04%$224.38
52,950 at 3.05%$224.67
52,950 at 3.06%$224.96
52,950 at 3.07%$225.24
52,950 at 3.08%$225.53
52,950 at 3.09%$225.82
52,950 at 3.1%$226.11
52,950 at 3.11%$226.39
52,950 at 3.12%$226.68
52,950 at 3.13%$226.97
52,950 at 3.14%$227.26
52,950 at 3.15%$227.55
52,950 at 3.16%$227.83
52,950 at 3.17%$228.12
52,950 at 3.18%$228.41
52,950 at 3.19%$228.70
52,950 at 3.2%$228.99
52,950 at 3.21%$229.28
52,950 at 3.22%$229.57
52,950 at 3.23%$229.86
52,950 at 3.24%$230.15
52,950 at 3.25%$230.44
52,950 at 3.26%$230.73
52,950 at 3.27%$231.02
52,950 at 3.28%$231.31
52,950 at 3.29%$231.61
52,950 at 3.3%$231.90
52,950 at 3.31%$232.19
52,950 at 3.32%$232.48
52,950 at 3.33%$232.77
52,950 at 3.34%$233.07
52,950 at 3.35%$233.36
52,950 at 3.36%$233.65
52,950 at 3.37%$233.94
52,950 at 3.38%$234.24
52,950 at 3.39%$234.53
52,950 at 3.4%$234.82
52,950 at 3.41%$235.12
52,950 at 3.42%$235.41
52,950 at 3.43%$235.70
52,950 at 3.44%$236.00
52,950 at 3.45%$236.29
52,950 at 3.46%$236.59
52,950 at 3.47%$236.88
52,950 at 3.48%$237.18
52,950 at 3.49%$237.47
52,950 at 3.5%$237.77
Interest Rate 30 Year
52,950 at 3.51%$238.06
52,950 at 3.52%$238.36
52,950 at 3.53%$238.66
52,950 at 3.54%$238.95
52,950 at 3.55%$239.25
52,950 at 3.56%$239.55
52,950 at 3.57%$239.84
52,950 at 3.58%$240.14
52,950 at 3.59%$240.44
52,950 at 3.6%$240.73
52,950 at 3.61%$241.03
52,950 at 3.62%$241.33
52,950 at 3.63%$241.63
52,950 at 3.64%$241.93
52,950 at 3.65%$242.22
52,950 at 3.66%$242.52
52,950 at 3.67%$242.82
52,950 at 3.68%$243.12
52,950 at 3.69%$243.42
52,950 at 3.7%$243.72
52,950 at 3.71%$244.02
52,950 at 3.72%$244.32
52,950 at 3.73%$244.62
52,950 at 3.74%$244.92
52,950 at 3.75%$245.22
52,950 at 3.76%$245.52
52,950 at 3.77%$245.82
52,950 at 3.78%$246.12
52,950 at 3.79%$246.42
52,950 at 3.8%$246.72
52,950 at 3.81%$247.03
52,950 at 3.82%$247.33
52,950 at 3.83%$247.63
52,950 at 3.84%$247.93
52,950 at 3.85%$248.23
52,950 at 3.86%$248.54
52,950 at 3.87%$248.84
52,950 at 3.88%$249.14
52,950 at 3.89%$249.45
52,950 at 3.9%$249.75
52,950 at 3.91%$250.05
52,950 at 3.92%$250.36
52,950 at 3.93%$250.66
52,950 at 3.94%$250.96
52,950 at 3.95%$251.27
52,950 at 3.96%$251.57
52,950 at 3.97%$251.88
52,950 at 3.98%$252.18
52,950 at 3.99%$252.49
52,950 at 4%$252.79
52,950 at 4.01%$253.10
52,950 at 4.02%$253.40
52,950 at 4.03%$253.71
52,950 at 4.04%$254.01
52,950 at 4.05%$254.32
52,950 at 4.06%$254.63
52,950 at 4.07%$254.93
52,950 at 4.08%$255.24
52,950 at 4.09%$255.55
52,950 at 4.1%$255.85
52,950 at 4.11%$256.16
52,950 at 4.12%$256.47
52,950 at 4.13%$256.78
52,950 at 4.14%$257.08
52,950 at 4.15%$257.39
52,950 at 4.16%$257.70
52,950 at 4.17%$258.01
52,950 at 4.18%$258.32
52,950 at 4.19%$258.63
52,950 at 4.2%$258.93
52,950 at 4.21%$259.24
52,950 at 4.22%$259.55
52,950 at 4.23%$259.86
52,950 at 4.24%$260.17
52,950 at 4.25%$260.48
52,950 at 4.26%$260.79
52,950 at 4.27%$261.10
52,950 at 4.28%$261.41
52,950 at 4.29%$261.72
52,950 at 4.3%$262.03
52,950 at 4.31%$262.35
52,950 at 4.32%$262.66
52,950 at 4.33%$262.97
52,950 at 4.34%$263.28
52,950 at 4.35%$263.59
52,950 at 4.36%$263.90
52,950 at 4.37%$264.22
52,950 at 4.38%$264.53
52,950 at 4.39%$264.84
52,950 at 4.4%$265.15
52,950 at 4.41%$265.47
52,950 at 4.42%$265.78
52,950 at 4.43%$266.09
52,950 at 4.44%$266.41
52,950 at 4.45%$266.72
52,950 at 4.46%$267.03
52,950 at 4.47%$267.35
52,950 at 4.48%$267.66
52,950 at 4.49%$267.98
52,950 at 4.5%$268.29
52,950 at 4.51%$268.60
52,950 at 4.52%$268.92
52,950 at 4.53%$269.23
52,950 at 4.54%$269.55
52,950 at 4.55%$269.87
52,950 at 4.56%$270.18
52,950 at 4.57%$270.50
52,950 at 4.58%$270.81
52,950 at 4.59%$271.13
52,950 at 4.6%$271.45
52,950 at 4.61%$271.76
52,950 at 4.62%$272.08
52,950 at 4.63%$272.40
52,950 at 4.64%$272.71
52,950 at 4.65%$273.03
52,950 at 4.66%$273.35
52,950 at 4.67%$273.66
52,950 at 4.68%$273.98
52,950 at 4.69%$274.30
52,950 at 4.7%$274.62
52,950 at 4.71%$274.94
52,950 at 4.72%$275.26
52,950 at 4.73%$275.57
52,950 at 4.74%$275.89
52,950 at 4.75%$276.21
52,950 at 4.76%$276.53
52,950 at 4.77%$276.85
52,950 at 4.78%$277.17
52,950 at 4.79%$277.49
52,950 at 4.8%$277.81
52,950 at 4.81%$278.13
52,950 at 4.82%$278.45
52,950 at 4.83%$278.77
52,950 at 4.84%$279.09
52,950 at 4.85%$279.41
52,950 at 4.86%$279.73
52,950 at 4.87%$280.06
52,950 at 4.88%$280.38
52,950 at 4.89%$280.70
52,950 at 4.9%$281.02
52,950 at 4.91%$281.34
52,950 at 4.92%$281.66
52,950 at 4.93%$281.99
52,950 at 4.94%$282.31
52,950 at 4.95%$282.63
52,950 at 4.96%$282.95
52,950 at 4.97%$283.28
52,950 at 4.98%$283.60
52,950 at 4.99%$283.92
52,950 at 5%$284.25
Interest Rate 30 Year
52,950 at 5.01%$284.57
52,950 at 5.02%$284.89
52,950 at 5.03%$285.22
52,950 at 5.04%$285.54
52,950 at 5.05%$285.87
52,950 at 5.06%$286.19
52,950 at 5.07%$286.52
52,950 at 5.08%$286.84
52,950 at 5.09%$287.17
52,950 at 5.1%$287.49
52,950 at 5.11%$287.82
52,950 at 5.12%$288.14
52,950 at 5.13%$288.47
52,950 at 5.14%$288.79
52,950 at 5.15%$289.12
52,950 at 5.16%$289.45
52,950 at 5.17%$289.77
52,950 at 5.18%$290.10
52,950 at 5.19%$290.43
52,950 at 5.2%$290.75
52,950 at 5.21%$291.08
52,950 at 5.22%$291.41
52,950 at 5.23%$291.74
52,950 at 5.24%$292.06
52,950 at 5.25%$292.39
52,950 at 5.26%$292.72
52,950 at 5.27%$293.05
52,950 at 5.28%$293.38
52,950 at 5.29%$293.71
52,950 at 5.3%$294.03
52,950 at 5.31%$294.36
52,950 at 5.32%$294.69
52,950 at 5.33%$295.02
52,950 at 5.34%$295.35
52,950 at 5.35%$295.68
52,950 at 5.36%$296.01
52,950 at 5.37%$296.34
52,950 at 5.38%$296.67
52,950 at 5.39%$297.00
52,950 at 5.4%$297.33
52,950 at 5.41%$297.66
52,950 at 5.42%$297.99
52,950 at 5.43%$298.32
52,950 at 5.44%$298.65
52,950 at 5.45%$298.99
52,950 at 5.46%$299.32
52,950 at 5.47%$299.65
52,950 at 5.48%$299.98
52,950 at 5.49%$300.31
52,950 at 5.5%$300.64
52,950 at 5.51%$300.98
52,950 at 5.52%$301.31
52,950 at 5.53%$301.64
52,950 at 5.54%$301.97
52,950 at 5.55%$302.31
52,950 at 5.56%$302.64
52,950 at 5.57%$302.97
52,950 at 5.58%$303.31
52,950 at 5.59%$303.64
52,950 at 5.6%$303.97
52,950 at 5.61%$304.31
52,950 at 5.62%$304.64
52,950 at 5.63%$304.98
52,950 at 5.64%$305.31
52,950 at 5.65%$305.65
52,950 at 5.66%$305.98
52,950 at 5.67%$306.32
52,950 at 5.68%$306.65
52,950 at 5.69%$306.99
52,950 at 5.7%$307.32
52,950 at 5.71%$307.66
52,950 at 5.72%$307.99
52,950 at 5.73%$308.33
52,950 at 5.74%$308.67
52,950 at 5.75%$309.00
52,950 at 5.76%$309.34
52,950 at 5.77%$309.67
52,950 at 5.78%$310.01
52,950 at 5.79%$310.35
52,950 at 5.8%$310.69
52,950 at 5.81%$311.02
52,950 at 5.82%$311.36
52,950 at 5.83%$311.70
52,950 at 5.84%$312.04
52,950 at 5.85%$312.37
52,950 at 5.86%$312.71
52,950 at 5.87%$313.05
52,950 at 5.88%$313.39
52,950 at 5.89%$313.73
52,950 at 5.9%$314.07
52,950 at 5.91%$314.40
52,950 at 5.92%$314.74
52,950 at 5.93%$315.08
52,950 at 5.94%$315.42
52,950 at 5.95%$315.76
52,950 at 5.96%$316.10
52,950 at 5.97%$316.44
52,950 at 5.98%$316.78
52,950 at 5.99%$317.12
52,950 at 6%$317.46
52,950 at 6.01%$317.80
52,950 at 6.02%$318.14
52,950 at 6.03%$318.48
52,950 at 6.04%$318.82
52,950 at 6.05%$319.17
52,950 at 6.06%$319.51
52,950 at 6.07%$319.85
52,950 at 6.08%$320.19
52,950 at 6.09%$320.53
52,950 at 6.1%$320.87
52,950 at 6.11%$321.22
52,950 at 6.12%$321.56
52,950 at 6.13%$321.90
52,950 at 6.14%$322.24
52,950 at 6.15%$322.59
52,950 at 6.16%$322.93
52,950 at 6.17%$323.27
52,950 at 6.18%$323.62
52,950 at 6.19%$323.96
52,950 at 6.2%$324.30
52,950 at 6.21%$324.65
52,950 at 6.22%$324.99
52,950 at 6.23%$325.33
52,950 at 6.24%$325.68
52,950 at 6.25%$326.02
52,950 at 6.26%$326.37
52,950 at 6.27%$326.71
52,950 at 6.28%$327.06
52,950 at 6.29%$327.40
52,950 at 6.3%$327.75
52,950 at 6.31%$328.09
52,950 at 6.32%$328.44
52,950 at 6.33%$328.78
52,950 at 6.34%$329.13
52,950 at 6.35%$329.47
52,950 at 6.36%$329.82
52,950 at 6.37%$330.17
52,950 at 6.38%$330.51
52,950 at 6.39%$330.86
52,950 at 6.4%$331.21
52,950 at 6.41%$331.55
52,950 at 6.42%$331.90
52,950 at 6.43%$332.25
52,950 at 6.44%$332.59
52,950 at 6.45%$332.94
52,950 at 6.46%$333.29
52,950 at 6.47%$333.64
52,950 at 6.48%$333.98
52,950 at 6.49%$334.33
52,950 at 6.5%$334.68
Interest Rate 30 Year
52,950 at 6.51%$335.03
52,950 at 6.52%$335.38
52,950 at 6.53%$335.73
52,950 at 6.54%$336.07
52,950 at 6.55%$336.42
52,950 at 6.56%$336.77
52,950 at 6.57%$337.12
52,950 at 6.58%$337.47
52,950 at 6.59%$337.82
52,950 at 6.6%$338.17
52,950 at 6.61%$338.52
52,950 at 6.62%$338.87
52,950 at 6.63%$339.22
52,950 at 6.64%$339.57
52,950 at 6.65%$339.92
52,950 at 6.66%$340.27
52,950 at 6.67%$340.62
52,950 at 6.68%$340.97
52,950 at 6.69%$341.32
52,950 at 6.7%$341.67
52,950 at 6.71%$342.03
52,950 at 6.72%$342.38
52,950 at 6.73%$342.73
52,950 at 6.74%$343.08
52,950 at 6.75%$343.43
52,950 at 6.76%$343.78
52,950 at 6.77%$344.14
52,950 at 6.78%$344.49
52,950 at 6.79%$344.84
52,950 at 6.8%$345.19
52,950 at 6.81%$345.55
52,950 at 6.82%$345.90
52,950 at 6.83%$346.25
52,950 at 6.84%$346.61
52,950 at 6.85%$346.96
52,950 at 6.86%$347.31
52,950 at 6.87%$347.67
52,950 at 6.88%$348.02
52,950 at 6.89%$348.37
52,950 at 6.9%$348.73
52,950 at 6.91%$349.08
52,950 at 6.92%$349.44
52,950 at 6.93%$349.79
52,950 at 6.94%$350.15
52,950 at 6.95%$350.50
52,950 at 6.96%$350.86
52,950 at 6.97%$351.21
52,950 at 6.98%$351.57
52,950 at 6.99%$351.92
52,950 at 7%$352.28
52,950 at 7.01%$352.63
52,950 at 7.02%$352.99
52,950 at 7.03%$353.35
52,950 at 7.04%$353.70
52,950 at 7.05%$354.06
52,950 at 7.06%$354.41
52,950 at 7.07%$354.77
52,950 at 7.08%$355.13
52,950 at 7.09%$355.48
52,950 at 7.1%$355.84
52,950 at 7.11%$356.20
52,950 at 7.12%$356.56
52,950 at 7.13%$356.91
52,950 at 7.14%$357.27
52,950 at 7.15%$357.63
52,950 at 7.16%$357.99
52,950 at 7.17%$358.34
52,950 at 7.18%$358.70
52,950 at 7.19%$359.06
52,950 at 7.2%$359.42
52,950 at 7.21%$359.78
52,950 at 7.22%$360.14
52,950 at 7.23%$360.49
52,950 at 7.24%$360.85
52,950 at 7.25%$361.21
52,950 at 7.26%$361.57
52,950 at 7.27%$361.93
52,950 at 7.28%$362.29
52,950 at 7.29%$362.65
52,950 at 7.3%$363.01
52,950 at 7.31%$363.37
52,950 at 7.32%$363.73
52,950 at 7.33%$364.09
52,950 at 7.34%$364.45
52,950 at 7.35%$364.81
52,950 at 7.36%$365.17
52,950 at 7.37%$365.53
52,950 at 7.38%$365.89
52,950 at 7.39%$366.25
52,950 at 7.4%$366.62
52,950 at 7.41%$366.98
52,950 at 7.42%$367.34
52,950 at 7.43%$367.70
52,950 at 7.44%$368.06
52,950 at 7.45%$368.42
52,950 at 7.46%$368.78
52,950 at 7.47%$369.15
52,950 at 7.48%$369.51
52,950 at 7.49%$369.87
52,950 at 7.5%$370.23
52,950 at 7.51%$370.60
52,950 at 7.52%$370.96
52,950 at 7.53%$371.32
52,950 at 7.54%$371.69
52,950 at 7.55%$372.05
52,950 at 7.56%$372.41
52,950 at 7.57%$372.78
52,950 at 7.58%$373.14
52,950 at 7.59%$373.50
52,950 at 7.6%$373.87
52,950 at 7.61%$374.23
52,950 at 7.62%$374.59
52,950 at 7.63%$374.96
52,950 at 7.64%$375.32
52,950 at 7.65%$375.69
52,950 at 7.66%$376.05
52,950 at 7.67%$376.42
52,950 at 7.68%$376.78
52,950 at 7.69%$377.15
52,950 at 7.7%$377.51
52,950 at 7.71%$377.88
52,950 at 7.72%$378.24
52,950 at 7.73%$378.61
52,950 at 7.74%$378.97
52,950 at 7.75%$379.34
52,950 at 7.76%$379.71
52,950 at 7.77%$380.07
52,950 at 7.78%$380.44
52,950 at 7.79%$380.80
52,950 at 7.8%$381.17
52,950 at 7.81%$381.54
52,950 at 7.82%$381.90
52,950 at 7.83%$382.27
52,950 at 7.84%$382.64
52,950 at 7.85%$383.01
52,950 at 7.86%$383.37
52,950 at 7.87%$383.74
52,950 at 7.88%$384.11
52,950 at 7.89%$384.48
52,950 at 7.9%$384.84
52,950 at 7.91%$385.21
52,950 at 7.92%$385.58
52,950 at 7.93%$385.95
52,950 at 7.94%$386.32
52,950 at 7.95%$386.68
52,950 at 7.96%$387.05
52,950 at 7.97%$387.42
52,950 at 7.98%$387.79
52,950 at 7.99%$388.16
52,950 at 8%$388.53
More Amounts
What is the down payment for a $52,950 house? How much do you need to put down?
Percent Down Down Payment
1%530
2%1,059
3%1,589
4%2,118
5%2,648
6%3,177
7%3,707
8%4,236
9%4,766
10%5,295
11%5,825
12%6,354
13%6,884
14%7,413
15%7,943
16%8,472
17%9,002
18%9,531
19%10,061
20%10,590
Percent Down Down Payment
21%11,120
22%11,649
23%12,179
24%12,708
25%13,238
26%13,767
27%14,297
28%14,826
29%15,356
30%15,885
31%16,415
32%16,944
33%17,474
34%18,003
35%18,533
36%19,062
37%19,592
38%20,121
39%20,651
40%21,180
Percent Down Down Payment
41%21,710
42%22,239
43%22,769
44%23,298
45%23,828
46%24,357
47%24,887
48%25,416
49%25,946
50%26,475
51%27,005
52%27,534
53%28,064
54%28,593
55%29,123
56%29,652
57%30,182
58%30,711
59%31,241
60%31,770
Percent Down Down Payment
61%32,300
62%32,829
63%33,359
64%33,888
65%34,418
66%34,947
67%35,477
68%36,006
69%36,536
70%37,065
71%37,595
72%38,124
73%38,654
74%39,183
75%39,713
76%40,242
77%40,772
78%41,301
79%41,831
80%42,360
Percent Down Down Payment
81%42,890
82%43,419
83%43,949
84%44,478
85%45,008
86%45,537
87%46,067
88%46,596
89%47,126
90%47,655
91%48,185
92%48,714
93%49,244
94%49,773
95%50,303
96%50,832
97%51,362
98%51,891
99%52,421
100%52,950
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.