$53,450 Mortgage for 30 Years

What is the monthly payment of a 53,450 dollar loan?
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Loan Tables for a $53,450 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 $53,450 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
53,450 at 2.01%$197.83
53,450 at 2.02%$198.10
53,450 at 2.03%$198.36
53,450 at 2.04%$198.63
53,450 at 2.05%$198.90
53,450 at 2.06%$199.17
53,450 at 2.07%$199.44
53,450 at 2.08%$199.71
53,450 at 2.09%$199.98
53,450 at 2.1%$200.25
53,450 at 2.11%$200.51
53,450 at 2.12%$200.78
53,450 at 2.13%$201.05
53,450 at 2.14%$201.32
53,450 at 2.15%$201.59
53,450 at 2.16%$201.87
53,450 at 2.17%$202.14
53,450 at 2.18%$202.41
53,450 at 2.19%$202.68
53,450 at 2.2%$202.95
53,450 at 2.21%$203.22
53,450 at 2.22%$203.49
53,450 at 2.23%$203.77
53,450 at 2.24%$204.04
53,450 at 2.25%$204.31
53,450 at 2.26%$204.58
53,450 at 2.27%$204.86
53,450 at 2.28%$205.13
53,450 at 2.29%$205.40
53,450 at 2.3%$205.68
53,450 at 2.31%$205.95
53,450 at 2.32%$206.22
53,450 at 2.33%$206.50
53,450 at 2.34%$206.77
53,450 at 2.35%$207.05
53,450 at 2.36%$207.32
53,450 at 2.37%$207.60
53,450 at 2.38%$207.87
53,450 at 2.39%$208.15
53,450 at 2.4%$208.42
53,450 at 2.41%$208.70
53,450 at 2.42%$208.98
53,450 at 2.43%$209.25
53,450 at 2.44%$209.53
53,450 at 2.45%$209.81
53,450 at 2.46%$210.08
53,450 at 2.47%$210.36
53,450 at 2.48%$210.64
53,450 at 2.49%$210.91
53,450 at 2.5%$211.19
53,450 at 2.51%$211.47
53,450 at 2.52%$211.75
53,450 at 2.53%$212.03
53,450 at 2.54%$212.31
53,450 at 2.55%$212.58
53,450 at 2.56%$212.86
53,450 at 2.57%$213.14
53,450 at 2.58%$213.42
53,450 at 2.59%$213.70
53,450 at 2.6%$213.98
53,450 at 2.61%$214.26
53,450 at 2.62%$214.54
53,450 at 2.63%$214.82
53,450 at 2.64%$215.10
53,450 at 2.65%$215.38
53,450 at 2.66%$215.67
53,450 at 2.67%$215.95
53,450 at 2.68%$216.23
53,450 at 2.69%$216.51
53,450 at 2.7%$216.79
53,450 at 2.71%$217.07
53,450 at 2.72%$217.36
53,450 at 2.73%$217.64
53,450 at 2.74%$217.92
53,450 at 2.75%$218.20
53,450 at 2.76%$218.49
53,450 at 2.77%$218.77
53,450 at 2.78%$219.06
53,450 at 2.79%$219.34
53,450 at 2.8%$219.62
53,450 at 2.81%$219.91
53,450 at 2.82%$220.19
53,450 at 2.83%$220.48
53,450 at 2.84%$220.76
53,450 at 2.85%$221.05
53,450 at 2.86%$221.33
53,450 at 2.87%$221.62
53,450 at 2.88%$221.90
53,450 at 2.89%$222.19
53,450 at 2.9%$222.47
53,450 at 2.91%$222.76
53,450 at 2.92%$223.05
53,450 at 2.93%$223.33
53,450 at 2.94%$223.62
53,450 at 2.95%$223.91
53,450 at 2.96%$224.20
53,450 at 2.97%$224.48
53,450 at 2.98%$224.77
53,450 at 2.99%$225.06
53,450 at 3%$225.35
53,450 at 3.01%$225.64
53,450 at 3.02%$225.92
53,450 at 3.03%$226.21
53,450 at 3.04%$226.50
53,450 at 3.05%$226.79
53,450 at 3.06%$227.08
53,450 at 3.07%$227.37
53,450 at 3.08%$227.66
53,450 at 3.09%$227.95
53,450 at 3.1%$228.24
53,450 at 3.11%$228.53
53,450 at 3.12%$228.82
53,450 at 3.13%$229.11
53,450 at 3.14%$229.40
53,450 at 3.15%$229.69
53,450 at 3.16%$229.99
53,450 at 3.17%$230.28
53,450 at 3.18%$230.57
53,450 at 3.19%$230.86
53,450 at 3.2%$231.15
53,450 at 3.21%$231.45
53,450 at 3.22%$231.74
53,450 at 3.23%$232.03
53,450 at 3.24%$232.32
53,450 at 3.25%$232.62
53,450 at 3.26%$232.91
53,450 at 3.27%$233.20
53,450 at 3.28%$233.50
53,450 at 3.29%$233.79
53,450 at 3.3%$234.09
53,450 at 3.31%$234.38
53,450 at 3.32%$234.68
53,450 at 3.33%$234.97
53,450 at 3.34%$235.27
53,450 at 3.35%$235.56
53,450 at 3.36%$235.86
53,450 at 3.37%$236.15
53,450 at 3.38%$236.45
53,450 at 3.39%$236.74
53,450 at 3.4%$237.04
53,450 at 3.41%$237.34
53,450 at 3.42%$237.63
53,450 at 3.43%$237.93
53,450 at 3.44%$238.23
53,450 at 3.45%$238.53
53,450 at 3.46%$238.82
53,450 at 3.47%$239.12
53,450 at 3.48%$239.42
53,450 at 3.49%$239.72
53,450 at 3.5%$240.01
Interest Rate 30 Year
53,450 at 3.51%$240.31
53,450 at 3.52%$240.61
53,450 at 3.53%$240.91
53,450 at 3.54%$241.21
53,450 at 3.55%$241.51
53,450 at 3.56%$241.81
53,450 at 3.57%$242.11
53,450 at 3.58%$242.41
53,450 at 3.59%$242.71
53,450 at 3.6%$243.01
53,450 at 3.61%$243.31
53,450 at 3.62%$243.61
53,450 at 3.63%$243.91
53,450 at 3.64%$244.21
53,450 at 3.65%$244.51
53,450 at 3.66%$244.81
53,450 at 3.67%$245.12
53,450 at 3.68%$245.42
53,450 at 3.69%$245.72
53,450 at 3.7%$246.02
53,450 at 3.71%$246.32
53,450 at 3.72%$246.63
53,450 at 3.73%$246.93
53,450 at 3.74%$247.23
53,450 at 3.75%$247.54
53,450 at 3.76%$247.84
53,450 at 3.77%$248.14
53,450 at 3.78%$248.45
53,450 at 3.79%$248.75
53,450 at 3.8%$249.05
53,450 at 3.81%$249.36
53,450 at 3.82%$249.66
53,450 at 3.83%$249.97
53,450 at 3.84%$250.27
53,450 at 3.85%$250.58
53,450 at 3.86%$250.88
53,450 at 3.87%$251.19
53,450 at 3.88%$251.49
53,450 at 3.89%$251.80
53,450 at 3.9%$252.11
53,450 at 3.91%$252.41
53,450 at 3.92%$252.72
53,450 at 3.93%$253.03
53,450 at 3.94%$253.33
53,450 at 3.95%$253.64
53,450 at 3.96%$253.95
53,450 at 3.97%$254.25
53,450 at 3.98%$254.56
53,450 at 3.99%$254.87
53,450 at 4%$255.18
53,450 at 4.01%$255.49
53,450 at 4.02%$255.80
53,450 at 4.03%$256.10
53,450 at 4.04%$256.41
53,450 at 4.05%$256.72
53,450 at 4.06%$257.03
53,450 at 4.07%$257.34
53,450 at 4.08%$257.65
53,450 at 4.09%$257.96
53,450 at 4.1%$258.27
53,450 at 4.11%$258.58
53,450 at 4.12%$258.89
53,450 at 4.13%$259.20
53,450 at 4.14%$259.51
53,450 at 4.15%$259.82
53,450 at 4.16%$260.13
53,450 at 4.17%$260.44
53,450 at 4.18%$260.76
53,450 at 4.19%$261.07
53,450 at 4.2%$261.38
53,450 at 4.21%$261.69
53,450 at 4.22%$262.00
53,450 at 4.23%$262.32
53,450 at 4.24%$262.63
53,450 at 4.25%$262.94
53,450 at 4.26%$263.25
53,450 at 4.27%$263.57
53,450 at 4.28%$263.88
53,450 at 4.29%$264.20
53,450 at 4.3%$264.51
53,450 at 4.31%$264.82
53,450 at 4.32%$265.14
53,450 at 4.33%$265.45
53,450 at 4.34%$265.77
53,450 at 4.35%$266.08
53,450 at 4.36%$266.40
53,450 at 4.37%$266.71
53,450 at 4.38%$267.03
53,450 at 4.39%$267.34
53,450 at 4.4%$267.66
53,450 at 4.41%$267.97
53,450 at 4.42%$268.29
53,450 at 4.43%$268.60
53,450 at 4.44%$268.92
53,450 at 4.45%$269.24
53,450 at 4.46%$269.55
53,450 at 4.47%$269.87
53,450 at 4.48%$270.19
53,450 at 4.49%$270.51
53,450 at 4.5%$270.82
53,450 at 4.51%$271.14
53,450 at 4.52%$271.46
53,450 at 4.53%$271.78
53,450 at 4.54%$272.10
53,450 at 4.55%$272.41
53,450 at 4.56%$272.73
53,450 at 4.57%$273.05
53,450 at 4.58%$273.37
53,450 at 4.59%$273.69
53,450 at 4.6%$274.01
53,450 at 4.61%$274.33
53,450 at 4.62%$274.65
53,450 at 4.63%$274.97
53,450 at 4.64%$275.29
53,450 at 4.65%$275.61
53,450 at 4.66%$275.93
53,450 at 4.67%$276.25
53,450 at 4.68%$276.57
53,450 at 4.69%$276.89
53,450 at 4.7%$277.21
53,450 at 4.71%$277.53
53,450 at 4.72%$277.85
53,450 at 4.73%$278.18
53,450 at 4.74%$278.50
53,450 at 4.75%$278.82
53,450 at 4.76%$279.14
53,450 at 4.77%$279.47
53,450 at 4.78%$279.79
53,450 at 4.79%$280.11
53,450 at 4.8%$280.43
53,450 at 4.81%$280.76
53,450 at 4.82%$281.08
53,450 at 4.83%$281.40
53,450 at 4.84%$281.73
53,450 at 4.85%$282.05
53,450 at 4.86%$282.38
53,450 at 4.87%$282.70
53,450 at 4.88%$283.02
53,450 at 4.89%$283.35
53,450 at 4.9%$283.67
53,450 at 4.91%$284.00
53,450 at 4.92%$284.32
53,450 at 4.93%$284.65
53,450 at 4.94%$284.97
53,450 at 4.95%$285.30
53,450 at 4.96%$285.63
53,450 at 4.97%$285.95
53,450 at 4.98%$286.28
53,450 at 4.99%$286.60
53,450 at 5%$286.93
Interest Rate 30 Year
53,450 at 5.01%$287.26
53,450 at 5.02%$287.58
53,450 at 5.03%$287.91
53,450 at 5.04%$288.24
53,450 at 5.05%$288.57
53,450 at 5.06%$288.89
53,450 at 5.07%$289.22
53,450 at 5.08%$289.55
53,450 at 5.09%$289.88
53,450 at 5.1%$290.21
53,450 at 5.11%$290.54
53,450 at 5.12%$290.86
53,450 at 5.13%$291.19
53,450 at 5.14%$291.52
53,450 at 5.15%$291.85
53,450 at 5.16%$292.18
53,450 at 5.17%$292.51
53,450 at 5.18%$292.84
53,450 at 5.19%$293.17
53,450 at 5.2%$293.50
53,450 at 5.21%$293.83
53,450 at 5.22%$294.16
53,450 at 5.23%$294.49
53,450 at 5.24%$294.82
53,450 at 5.25%$295.15
53,450 at 5.26%$295.48
53,450 at 5.27%$295.82
53,450 at 5.28%$296.15
53,450 at 5.29%$296.48
53,450 at 5.3%$296.81
53,450 at 5.31%$297.14
53,450 at 5.32%$297.47
53,450 at 5.33%$297.81
53,450 at 5.34%$298.14
53,450 at 5.35%$298.47
53,450 at 5.36%$298.80
53,450 at 5.37%$299.14
53,450 at 5.38%$299.47
53,450 at 5.39%$299.80
53,450 at 5.4%$300.14
53,450 at 5.41%$300.47
53,450 at 5.42%$300.81
53,450 at 5.43%$301.14
53,450 at 5.44%$301.47
53,450 at 5.45%$301.81
53,450 at 5.46%$302.14
53,450 at 5.47%$302.48
53,450 at 5.48%$302.81
53,450 at 5.49%$303.15
53,450 at 5.5%$303.48
53,450 at 5.51%$303.82
53,450 at 5.52%$304.15
53,450 at 5.53%$304.49
53,450 at 5.54%$304.83
53,450 at 5.55%$305.16
53,450 at 5.56%$305.50
53,450 at 5.57%$305.83
53,450 at 5.58%$306.17
53,450 at 5.59%$306.51
53,450 at 5.6%$306.85
53,450 at 5.61%$307.18
53,450 at 5.62%$307.52
53,450 at 5.63%$307.86
53,450 at 5.64%$308.19
53,450 at 5.65%$308.53
53,450 at 5.66%$308.87
53,450 at 5.67%$309.21
53,450 at 5.68%$309.55
53,450 at 5.69%$309.89
53,450 at 5.7%$310.22
53,450 at 5.71%$310.56
53,450 at 5.72%$310.90
53,450 at 5.73%$311.24
53,450 at 5.74%$311.58
53,450 at 5.75%$311.92
53,450 at 5.76%$312.26
53,450 at 5.77%$312.60
53,450 at 5.78%$312.94
53,450 at 5.79%$313.28
53,450 at 5.8%$313.62
53,450 at 5.81%$313.96
53,450 at 5.82%$314.30
53,450 at 5.83%$314.64
53,450 at 5.84%$314.98
53,450 at 5.85%$315.32
53,450 at 5.86%$315.66
53,450 at 5.87%$316.01
53,450 at 5.88%$316.35
53,450 at 5.89%$316.69
53,450 at 5.9%$317.03
53,450 at 5.91%$317.37
53,450 at 5.92%$317.72
53,450 at 5.93%$318.06
53,450 at 5.94%$318.40
53,450 at 5.95%$318.74
53,450 at 5.96%$319.09
53,450 at 5.97%$319.43
53,450 at 5.98%$319.77
53,450 at 5.99%$320.12
53,450 at 6%$320.46
53,450 at 6.01%$320.80
53,450 at 6.02%$321.15
53,450 at 6.03%$321.49
53,450 at 6.04%$321.84
53,450 at 6.05%$322.18
53,450 at 6.06%$322.52
53,450 at 6.07%$322.87
53,450 at 6.08%$323.21
53,450 at 6.09%$323.56
53,450 at 6.1%$323.90
53,450 at 6.11%$324.25
53,450 at 6.12%$324.60
53,450 at 6.13%$324.94
53,450 at 6.14%$325.29
53,450 at 6.15%$325.63
53,450 at 6.16%$325.98
53,450 at 6.17%$326.32
53,450 at 6.18%$326.67
53,450 at 6.19%$327.02
53,450 at 6.2%$327.36
53,450 at 6.21%$327.71
53,450 at 6.22%$328.06
53,450 at 6.23%$328.41
53,450 at 6.24%$328.75
53,450 at 6.25%$329.10
53,450 at 6.26%$329.45
53,450 at 6.27%$329.80
53,450 at 6.28%$330.14
53,450 at 6.29%$330.49
53,450 at 6.3%$330.84
53,450 at 6.31%$331.19
53,450 at 6.32%$331.54
53,450 at 6.33%$331.89
53,450 at 6.34%$332.24
53,450 at 6.35%$332.58
53,450 at 6.36%$332.93
53,450 at 6.37%$333.28
53,450 at 6.38%$333.63
53,450 at 6.39%$333.98
53,450 at 6.4%$334.33
53,450 at 6.41%$334.68
53,450 at 6.42%$335.03
53,450 at 6.43%$335.38
53,450 at 6.44%$335.73
53,450 at 6.45%$336.08
53,450 at 6.46%$336.44
53,450 at 6.47%$336.79
53,450 at 6.48%$337.14
53,450 at 6.49%$337.49
53,450 at 6.5%$337.84
Interest Rate 30 Year
53,450 at 6.51%$338.19
53,450 at 6.52%$338.54
53,450 at 6.53%$338.90
53,450 at 6.54%$339.25
53,450 at 6.55%$339.60
53,450 at 6.56%$339.95
53,450 at 6.57%$340.30
53,450 at 6.58%$340.66
53,450 at 6.59%$341.01
53,450 at 6.6%$341.36
53,450 at 6.61%$341.72
53,450 at 6.62%$342.07
53,450 at 6.63%$342.42
53,450 at 6.64%$342.78
53,450 at 6.65%$343.13
53,450 at 6.66%$343.48
53,450 at 6.67%$343.84
53,450 at 6.68%$344.19
53,450 at 6.69%$344.55
53,450 at 6.7%$344.90
53,450 at 6.71%$345.26
53,450 at 6.72%$345.61
53,450 at 6.73%$345.97
53,450 at 6.74%$346.32
53,450 at 6.75%$346.68
53,450 at 6.76%$347.03
53,450 at 6.77%$347.39
53,450 at 6.78%$347.74
53,450 at 6.79%$348.10
53,450 at 6.8%$348.45
53,450 at 6.81%$348.81
53,450 at 6.82%$349.17
53,450 at 6.83%$349.52
53,450 at 6.84%$349.88
53,450 at 6.85%$350.24
53,450 at 6.86%$350.59
53,450 at 6.87%$350.95
53,450 at 6.88%$351.31
53,450 at 6.89%$351.66
53,450 at 6.9%$352.02
53,450 at 6.91%$352.38
53,450 at 6.92%$352.74
53,450 at 6.93%$353.09
53,450 at 6.94%$353.45
53,450 at 6.95%$353.81
53,450 at 6.96%$354.17
53,450 at 6.97%$354.53
53,450 at 6.98%$354.89
53,450 at 6.99%$355.25
53,450 at 7%$355.60
53,450 at 7.01%$355.96
53,450 at 7.02%$356.32
53,450 at 7.03%$356.68
53,450 at 7.04%$357.04
53,450 at 7.05%$357.40
53,450 at 7.06%$357.76
53,450 at 7.07%$358.12
53,450 at 7.08%$358.48
53,450 at 7.09%$358.84
53,450 at 7.1%$359.20
53,450 at 7.11%$359.56
53,450 at 7.12%$359.92
53,450 at 7.13%$360.28
53,450 at 7.14%$360.64
53,450 at 7.15%$361.00
53,450 at 7.16%$361.37
53,450 at 7.17%$361.73
53,450 at 7.18%$362.09
53,450 at 7.19%$362.45
53,450 at 7.2%$362.81
53,450 at 7.21%$363.17
53,450 at 7.22%$363.54
53,450 at 7.23%$363.90
53,450 at 7.24%$364.26
53,450 at 7.25%$364.62
53,450 at 7.26%$364.99
53,450 at 7.27%$365.35
53,450 at 7.28%$365.71
53,450 at 7.29%$366.07
53,450 at 7.3%$366.44
53,450 at 7.31%$366.80
53,450 at 7.32%$367.16
53,450 at 7.33%$367.53
53,450 at 7.34%$367.89
53,450 at 7.35%$368.26
53,450 at 7.36%$368.62
53,450 at 7.37%$368.98
53,450 at 7.38%$369.35
53,450 at 7.39%$369.71
53,450 at 7.4%$370.08
53,450 at 7.41%$370.44
53,450 at 7.42%$370.81
53,450 at 7.43%$371.17
53,450 at 7.44%$371.54
53,450 at 7.45%$371.90
53,450 at 7.46%$372.27
53,450 at 7.47%$372.63
53,450 at 7.48%$373.00
53,450 at 7.49%$373.36
53,450 at 7.5%$373.73
53,450 at 7.51%$374.10
53,450 at 7.52%$374.46
53,450 at 7.53%$374.83
53,450 at 7.54%$375.20
53,450 at 7.55%$375.56
53,450 at 7.56%$375.93
53,450 at 7.57%$376.30
53,450 at 7.58%$376.66
53,450 at 7.59%$377.03
53,450 at 7.6%$377.40
53,450 at 7.61%$377.76
53,450 at 7.62%$378.13
53,450 at 7.63%$378.50
53,450 at 7.64%$378.87
53,450 at 7.65%$379.24
53,450 at 7.66%$379.60
53,450 at 7.67%$379.97
53,450 at 7.68%$380.34
53,450 at 7.69%$380.71
53,450 at 7.7%$381.08
53,450 at 7.71%$381.45
53,450 at 7.72%$381.81
53,450 at 7.73%$382.18
53,450 at 7.74%$382.55
53,450 at 7.75%$382.92
53,450 at 7.76%$383.29
53,450 at 7.77%$383.66
53,450 at 7.78%$384.03
53,450 at 7.79%$384.40
53,450 at 7.8%$384.77
53,450 at 7.81%$385.14
53,450 at 7.82%$385.51
53,450 at 7.83%$385.88
53,450 at 7.84%$386.25
53,450 at 7.85%$386.62
53,450 at 7.86%$386.99
53,450 at 7.87%$387.36
53,450 at 7.88%$387.74
53,450 at 7.89%$388.11
53,450 at 7.9%$388.48
53,450 at 7.91%$388.85
53,450 at 7.92%$389.22
53,450 at 7.93%$389.59
53,450 at 7.94%$389.96
53,450 at 7.95%$390.34
53,450 at 7.96%$390.71
53,450 at 7.97%$391.08
53,450 at 7.98%$391.45
53,450 at 7.99%$391.82
53,450 at 8%$392.20
More Amounts
What is the down payment for a $53,450 house? How much do you need to put down?
Percent Down Down Payment
1%535
2%1,069
3%1,604
4%2,138
5%2,673
6%3,207
7%3,742
8%4,276
9%4,811
10%5,345
11%5,880
12%6,414
13%6,949
14%7,483
15%8,018
16%8,552
17%9,087
18%9,621
19%10,156
20%10,690
Percent Down Down Payment
21%11,225
22%11,759
23%12,294
24%12,828
25%13,363
26%13,897
27%14,432
28%14,966
29%15,501
30%16,035
31%16,570
32%17,104
33%17,639
34%18,173
35%18,708
36%19,242
37%19,777
38%20,311
39%20,846
40%21,380
Percent Down Down Payment
41%21,915
42%22,449
43%22,984
44%23,518
45%24,053
46%24,587
47%25,122
48%25,656
49%26,191
50%26,725
51%27,260
52%27,794
53%28,329
54%28,863
55%29,398
56%29,932
57%30,467
58%31,001
59%31,536
60%32,070
Percent Down Down Payment
61%32,605
62%33,139
63%33,674
64%34,208
65%34,743
66%35,277
67%35,812
68%36,346
69%36,881
70%37,415
71%37,950
72%38,484
73%39,019
74%39,553
75%40,088
76%40,622
77%41,157
78%41,691
79%42,226
80%42,760
Percent Down Down Payment
81%43,295
82%43,829
83%44,364
84%44,898
85%45,433
86%45,967
87%46,502
88%47,036
89%47,571
90%48,105
91%48,640
92%49,174
93%49,709
94%50,243
95%50,778
96%51,312
97%51,847
98%52,381
99%52,916
100%53,450
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.