$54,200 Mortgage for 30 Years

What is the monthly payment of a 54,200 dollar loan?
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Loan Tables for a $54,200 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 54k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $54,200 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
54,200 at 2.01%$200.60
54,200 at 2.02%$200.88
54,200 at 2.03%$201.15
54,200 at 2.04%$201.42
54,200 at 2.05%$201.69
54,200 at 2.06%$201.96
54,200 at 2.07%$202.24
54,200 at 2.08%$202.51
54,200 at 2.09%$202.78
54,200 at 2.1%$203.05
54,200 at 2.11%$203.33
54,200 at 2.12%$203.60
54,200 at 2.13%$203.88
54,200 at 2.14%$204.15
54,200 at 2.15%$204.42
54,200 at 2.16%$204.70
54,200 at 2.17%$204.97
54,200 at 2.18%$205.25
54,200 at 2.19%$205.52
54,200 at 2.2%$205.80
54,200 at 2.21%$206.07
54,200 at 2.22%$206.35
54,200 at 2.23%$206.62
54,200 at 2.24%$206.90
54,200 at 2.25%$207.18
54,200 at 2.26%$207.45
54,200 at 2.27%$207.73
54,200 at 2.28%$208.01
54,200 at 2.29%$208.28
54,200 at 2.3%$208.56
54,200 at 2.31%$208.84
54,200 at 2.32%$209.12
54,200 at 2.33%$209.40
54,200 at 2.34%$209.67
54,200 at 2.35%$209.95
54,200 at 2.36%$210.23
54,200 at 2.37%$210.51
54,200 at 2.38%$210.79
54,200 at 2.39%$211.07
54,200 at 2.4%$211.35
54,200 at 2.41%$211.63
54,200 at 2.42%$211.91
54,200 at 2.43%$212.19
54,200 at 2.44%$212.47
54,200 at 2.45%$212.75
54,200 at 2.46%$213.03
54,200 at 2.47%$213.31
54,200 at 2.48%$213.59
54,200 at 2.49%$213.87
54,200 at 2.5%$214.16
54,200 at 2.51%$214.44
54,200 at 2.52%$214.72
54,200 at 2.53%$215.00
54,200 at 2.54%$215.28
54,200 at 2.55%$215.57
54,200 at 2.56%$215.85
54,200 at 2.57%$216.13
54,200 at 2.58%$216.42
54,200 at 2.59%$216.70
54,200 at 2.6%$216.98
54,200 at 2.61%$217.27
54,200 at 2.62%$217.55
54,200 at 2.63%$217.84
54,200 at 2.64%$218.12
54,200 at 2.65%$218.41
54,200 at 2.66%$218.69
54,200 at 2.67%$218.98
54,200 at 2.68%$219.26
54,200 at 2.69%$219.55
54,200 at 2.7%$219.83
54,200 at 2.71%$220.12
54,200 at 2.72%$220.41
54,200 at 2.73%$220.69
54,200 at 2.74%$220.98
54,200 at 2.75%$221.27
54,200 at 2.76%$221.55
54,200 at 2.77%$221.84
54,200 at 2.78%$222.13
54,200 at 2.79%$222.42
54,200 at 2.8%$222.70
54,200 at 2.81%$222.99
54,200 at 2.82%$223.28
54,200 at 2.83%$223.57
54,200 at 2.84%$223.86
54,200 at 2.85%$224.15
54,200 at 2.86%$224.44
54,200 at 2.87%$224.73
54,200 at 2.88%$225.02
54,200 at 2.89%$225.31
54,200 at 2.9%$225.60
54,200 at 2.91%$225.89
54,200 at 2.92%$226.18
54,200 at 2.93%$226.47
54,200 at 2.94%$226.76
54,200 at 2.95%$227.05
54,200 at 2.96%$227.34
54,200 at 2.97%$227.63
54,200 at 2.98%$227.93
54,200 at 2.99%$228.22
54,200 at 3%$228.51
54,200 at 3.01%$228.80
54,200 at 3.02%$229.09
54,200 at 3.03%$229.39
54,200 at 3.04%$229.68
54,200 at 3.05%$229.97
54,200 at 3.06%$230.27
54,200 at 3.07%$230.56
54,200 at 3.08%$230.85
54,200 at 3.09%$231.15
54,200 at 3.1%$231.44
54,200 at 3.11%$231.74
54,200 at 3.12%$232.03
54,200 at 3.13%$232.33
54,200 at 3.14%$232.62
54,200 at 3.15%$232.92
54,200 at 3.16%$233.21
54,200 at 3.17%$233.51
54,200 at 3.18%$233.80
54,200 at 3.19%$234.10
54,200 at 3.2%$234.40
54,200 at 3.21%$234.69
54,200 at 3.22%$234.99
54,200 at 3.23%$235.29
54,200 at 3.24%$235.58
54,200 at 3.25%$235.88
54,200 at 3.26%$236.18
54,200 at 3.27%$236.48
54,200 at 3.28%$236.78
54,200 at 3.29%$237.07
54,200 at 3.3%$237.37
54,200 at 3.31%$237.67
54,200 at 3.32%$237.97
54,200 at 3.33%$238.27
54,200 at 3.34%$238.57
54,200 at 3.35%$238.87
54,200 at 3.36%$239.17
54,200 at 3.37%$239.47
54,200 at 3.38%$239.77
54,200 at 3.39%$240.07
54,200 at 3.4%$240.37
54,200 at 3.41%$240.67
54,200 at 3.42%$240.97
54,200 at 3.43%$241.27
54,200 at 3.44%$241.57
54,200 at 3.45%$241.87
54,200 at 3.46%$242.17
54,200 at 3.47%$242.48
54,200 at 3.48%$242.78
54,200 at 3.49%$243.08
54,200 at 3.5%$243.38
Interest Rate 30 Year
54,200 at 3.51%$243.68
54,200 at 3.52%$243.99
54,200 at 3.53%$244.29
54,200 at 3.54%$244.59
54,200 at 3.55%$244.90
54,200 at 3.56%$245.20
54,200 at 3.57%$245.51
54,200 at 3.58%$245.81
54,200 at 3.59%$246.11
54,200 at 3.6%$246.42
54,200 at 3.61%$246.72
54,200 at 3.62%$247.03
54,200 at 3.63%$247.33
54,200 at 3.64%$247.64
54,200 at 3.65%$247.94
54,200 at 3.66%$248.25
54,200 at 3.67%$248.55
54,200 at 3.68%$248.86
54,200 at 3.69%$249.17
54,200 at 3.7%$249.47
54,200 at 3.71%$249.78
54,200 at 3.72%$250.09
54,200 at 3.73%$250.39
54,200 at 3.74%$250.70
54,200 at 3.75%$251.01
54,200 at 3.76%$251.32
54,200 at 3.77%$251.62
54,200 at 3.78%$251.93
54,200 at 3.79%$252.24
54,200 at 3.8%$252.55
54,200 at 3.81%$252.86
54,200 at 3.82%$253.17
54,200 at 3.83%$253.48
54,200 at 3.84%$253.78
54,200 at 3.85%$254.09
54,200 at 3.86%$254.40
54,200 at 3.87%$254.71
54,200 at 3.88%$255.02
54,200 at 3.89%$255.33
54,200 at 3.9%$255.64
54,200 at 3.91%$255.95
54,200 at 3.92%$256.27
54,200 at 3.93%$256.58
54,200 at 3.94%$256.89
54,200 at 3.95%$257.20
54,200 at 3.96%$257.51
54,200 at 3.97%$257.82
54,200 at 3.98%$258.13
54,200 at 3.99%$258.45
54,200 at 4%$258.76
54,200 at 4.01%$259.07
54,200 at 4.02%$259.38
54,200 at 4.03%$259.70
54,200 at 4.04%$260.01
54,200 at 4.05%$260.32
54,200 at 4.06%$260.64
54,200 at 4.07%$260.95
54,200 at 4.08%$261.27
54,200 at 4.09%$261.58
54,200 at 4.1%$261.89
54,200 at 4.11%$262.21
54,200 at 4.12%$262.52
54,200 at 4.13%$262.84
54,200 at 4.14%$263.15
54,200 at 4.15%$263.47
54,200 at 4.16%$263.78
54,200 at 4.17%$264.10
54,200 at 4.18%$264.42
54,200 at 4.19%$264.73
54,200 at 4.2%$265.05
54,200 at 4.21%$265.36
54,200 at 4.22%$265.68
54,200 at 4.23%$266.00
54,200 at 4.24%$266.31
54,200 at 4.25%$266.63
54,200 at 4.26%$266.95
54,200 at 4.27%$267.27
54,200 at 4.28%$267.58
54,200 at 4.29%$267.90
54,200 at 4.3%$268.22
54,200 at 4.31%$268.54
54,200 at 4.32%$268.86
54,200 at 4.33%$269.18
54,200 at 4.34%$269.49
54,200 at 4.35%$269.81
54,200 at 4.36%$270.13
54,200 at 4.37%$270.45
54,200 at 4.38%$270.77
54,200 at 4.39%$271.09
54,200 at 4.4%$271.41
54,200 at 4.41%$271.73
54,200 at 4.42%$272.05
54,200 at 4.43%$272.37
54,200 at 4.44%$272.69
54,200 at 4.45%$273.02
54,200 at 4.46%$273.34
54,200 at 4.47%$273.66
54,200 at 4.48%$273.98
54,200 at 4.49%$274.30
54,200 at 4.5%$274.62
54,200 at 4.51%$274.95
54,200 at 4.52%$275.27
54,200 at 4.53%$275.59
54,200 at 4.54%$275.91
54,200 at 4.55%$276.24
54,200 at 4.56%$276.56
54,200 at 4.57%$276.88
54,200 at 4.58%$277.21
54,200 at 4.59%$277.53
54,200 at 4.6%$277.85
54,200 at 4.61%$278.18
54,200 at 4.62%$278.50
54,200 at 4.63%$278.83
54,200 at 4.64%$279.15
54,200 at 4.65%$279.48
54,200 at 4.66%$279.80
54,200 at 4.67%$280.13
54,200 at 4.68%$280.45
54,200 at 4.69%$280.78
54,200 at 4.7%$281.10
54,200 at 4.71%$281.43
54,200 at 4.72%$281.75
54,200 at 4.73%$282.08
54,200 at 4.74%$282.41
54,200 at 4.75%$282.73
54,200 at 4.76%$283.06
54,200 at 4.77%$283.39
54,200 at 4.78%$283.71
54,200 at 4.79%$284.04
54,200 at 4.8%$284.37
54,200 at 4.81%$284.70
54,200 at 4.82%$285.02
54,200 at 4.83%$285.35
54,200 at 4.84%$285.68
54,200 at 4.85%$286.01
54,200 at 4.86%$286.34
54,200 at 4.87%$286.67
54,200 at 4.88%$287.00
54,200 at 4.89%$287.32
54,200 at 4.9%$287.65
54,200 at 4.91%$287.98
54,200 at 4.92%$288.31
54,200 at 4.93%$288.64
54,200 at 4.94%$288.97
54,200 at 4.95%$289.30
54,200 at 4.96%$289.63
54,200 at 4.97%$289.96
54,200 at 4.98%$290.30
54,200 at 4.99%$290.63
54,200 at 5%$290.96
Interest Rate 30 Year
54,200 at 5.01%$291.29
54,200 at 5.02%$291.62
54,200 at 5.03%$291.95
54,200 at 5.04%$292.28
54,200 at 5.05%$292.62
54,200 at 5.06%$292.95
54,200 at 5.07%$293.28
54,200 at 5.08%$293.61
54,200 at 5.09%$293.95
54,200 at 5.1%$294.28
54,200 at 5.11%$294.61
54,200 at 5.12%$294.95
54,200 at 5.13%$295.28
54,200 at 5.14%$295.61
54,200 at 5.15%$295.95
54,200 at 5.16%$296.28
54,200 at 5.17%$296.61
54,200 at 5.18%$296.95
54,200 at 5.19%$297.28
54,200 at 5.2%$297.62
54,200 at 5.21%$297.95
54,200 at 5.22%$298.29
54,200 at 5.23%$298.62
54,200 at 5.24%$298.96
54,200 at 5.25%$299.29
54,200 at 5.26%$299.63
54,200 at 5.27%$299.97
54,200 at 5.28%$300.30
54,200 at 5.29%$300.64
54,200 at 5.3%$300.98
54,200 at 5.31%$301.31
54,200 at 5.32%$301.65
54,200 at 5.33%$301.99
54,200 at 5.34%$302.32
54,200 at 5.35%$302.66
54,200 at 5.36%$303.00
54,200 at 5.37%$303.34
54,200 at 5.38%$303.67
54,200 at 5.39%$304.01
54,200 at 5.4%$304.35
54,200 at 5.41%$304.69
54,200 at 5.42%$305.03
54,200 at 5.43%$305.37
54,200 at 5.44%$305.70
54,200 at 5.45%$306.04
54,200 at 5.46%$306.38
54,200 at 5.47%$306.72
54,200 at 5.48%$307.06
54,200 at 5.49%$307.40
54,200 at 5.5%$307.74
54,200 at 5.51%$308.08
54,200 at 5.52%$308.42
54,200 at 5.53%$308.76
54,200 at 5.54%$309.10
54,200 at 5.55%$309.44
54,200 at 5.56%$309.79
54,200 at 5.57%$310.13
54,200 at 5.58%$310.47
54,200 at 5.59%$310.81
54,200 at 5.6%$311.15
54,200 at 5.61%$311.49
54,200 at 5.62%$311.83
54,200 at 5.63%$312.18
54,200 at 5.64%$312.52
54,200 at 5.65%$312.86
54,200 at 5.66%$313.20
54,200 at 5.67%$313.55
54,200 at 5.68%$313.89
54,200 at 5.69%$314.23
54,200 at 5.7%$314.58
54,200 at 5.71%$314.92
54,200 at 5.72%$315.26
54,200 at 5.73%$315.61
54,200 at 5.74%$315.95
54,200 at 5.75%$316.30
54,200 at 5.76%$316.64
54,200 at 5.77%$316.99
54,200 at 5.78%$317.33
54,200 at 5.79%$317.68
54,200 at 5.8%$318.02
54,200 at 5.81%$318.37
54,200 at 5.82%$318.71
54,200 at 5.83%$319.06
54,200 at 5.84%$319.40
54,200 at 5.85%$319.75
54,200 at 5.86%$320.09
54,200 at 5.87%$320.44
54,200 at 5.88%$320.79
54,200 at 5.89%$321.13
54,200 at 5.9%$321.48
54,200 at 5.91%$321.83
54,200 at 5.92%$322.17
54,200 at 5.93%$322.52
54,200 at 5.94%$322.87
54,200 at 5.95%$323.22
54,200 at 5.96%$323.56
54,200 at 5.97%$323.91
54,200 at 5.98%$324.26
54,200 at 5.99%$324.61
54,200 at 6%$324.96
54,200 at 6.01%$325.30
54,200 at 6.02%$325.65
54,200 at 6.03%$326.00
54,200 at 6.04%$326.35
54,200 at 6.05%$326.70
54,200 at 6.06%$327.05
54,200 at 6.07%$327.40
54,200 at 6.08%$327.75
54,200 at 6.09%$328.10
54,200 at 6.1%$328.45
54,200 at 6.11%$328.80
54,200 at 6.12%$329.15
54,200 at 6.13%$329.50
54,200 at 6.14%$329.85
54,200 at 6.15%$330.20
54,200 at 6.16%$330.55
54,200 at 6.17%$330.90
54,200 at 6.18%$331.26
54,200 at 6.19%$331.61
54,200 at 6.2%$331.96
54,200 at 6.21%$332.31
54,200 at 6.22%$332.66
54,200 at 6.23%$333.01
54,200 at 6.24%$333.37
54,200 at 6.25%$333.72
54,200 at 6.26%$334.07
54,200 at 6.27%$334.42
54,200 at 6.28%$334.78
54,200 at 6.29%$335.13
54,200 at 6.3%$335.48
54,200 at 6.31%$335.84
54,200 at 6.32%$336.19
54,200 at 6.33%$336.54
54,200 at 6.34%$336.90
54,200 at 6.35%$337.25
54,200 at 6.36%$337.61
54,200 at 6.37%$337.96
54,200 at 6.38%$338.31
54,200 at 6.39%$338.67
54,200 at 6.4%$339.02
54,200 at 6.41%$339.38
54,200 at 6.42%$339.73
54,200 at 6.43%$340.09
54,200 at 6.44%$340.44
54,200 at 6.45%$340.80
54,200 at 6.46%$341.16
54,200 at 6.47%$341.51
54,200 at 6.48%$341.87
54,200 at 6.49%$342.22
54,200 at 6.5%$342.58
Interest Rate 30 Year
54,200 at 6.51%$342.94
54,200 at 6.52%$343.29
54,200 at 6.53%$343.65
54,200 at 6.54%$344.01
54,200 at 6.55%$344.37
54,200 at 6.56%$344.72
54,200 at 6.57%$345.08
54,200 at 6.58%$345.44
54,200 at 6.59%$345.80
54,200 at 6.6%$346.15
54,200 at 6.61%$346.51
54,200 at 6.62%$346.87
54,200 at 6.63%$347.23
54,200 at 6.64%$347.59
54,200 at 6.65%$347.94
54,200 at 6.66%$348.30
54,200 at 6.67%$348.66
54,200 at 6.68%$349.02
54,200 at 6.69%$349.38
54,200 at 6.7%$349.74
54,200 at 6.71%$350.10
54,200 at 6.72%$350.46
54,200 at 6.73%$350.82
54,200 at 6.74%$351.18
54,200 at 6.75%$351.54
54,200 at 6.76%$351.90
54,200 at 6.77%$352.26
54,200 at 6.78%$352.62
54,200 at 6.79%$352.98
54,200 at 6.8%$353.34
54,200 at 6.81%$353.70
54,200 at 6.82%$354.07
54,200 at 6.83%$354.43
54,200 at 6.84%$354.79
54,200 at 6.85%$355.15
54,200 at 6.86%$355.51
54,200 at 6.87%$355.87
54,200 at 6.88%$356.24
54,200 at 6.89%$356.60
54,200 at 6.9%$356.96
54,200 at 6.91%$357.32
54,200 at 6.92%$357.69
54,200 at 6.93%$358.05
54,200 at 6.94%$358.41
54,200 at 6.95%$358.78
54,200 at 6.96%$359.14
54,200 at 6.97%$359.50
54,200 at 6.98%$359.87
54,200 at 6.99%$360.23
54,200 at 7%$360.59
54,200 at 7.01%$360.96
54,200 at 7.02%$361.32
54,200 at 7.03%$361.69
54,200 at 7.04%$362.05
54,200 at 7.05%$362.42
54,200 at 7.06%$362.78
54,200 at 7.07%$363.15
54,200 at 7.08%$363.51
54,200 at 7.09%$363.88
54,200 at 7.1%$364.24
54,200 at 7.11%$364.61
54,200 at 7.12%$364.97
54,200 at 7.13%$365.34
54,200 at 7.14%$365.70
54,200 at 7.15%$366.07
54,200 at 7.16%$366.44
54,200 at 7.17%$366.80
54,200 at 7.18%$367.17
54,200 at 7.19%$367.54
54,200 at 7.2%$367.90
54,200 at 7.21%$368.27
54,200 at 7.22%$368.64
54,200 at 7.23%$369.00
54,200 at 7.24%$369.37
54,200 at 7.25%$369.74
54,200 at 7.26%$370.11
54,200 at 7.27%$370.48
54,200 at 7.28%$370.84
54,200 at 7.29%$371.21
54,200 at 7.3%$371.58
54,200 at 7.31%$371.95
54,200 at 7.32%$372.32
54,200 at 7.33%$372.69
54,200 at 7.34%$373.05
54,200 at 7.35%$373.42
54,200 at 7.36%$373.79
54,200 at 7.37%$374.16
54,200 at 7.38%$374.53
54,200 at 7.39%$374.90
54,200 at 7.4%$375.27
54,200 at 7.41%$375.64
54,200 at 7.42%$376.01
54,200 at 7.43%$376.38
54,200 at 7.44%$376.75
54,200 at 7.45%$377.12
54,200 at 7.46%$377.49
54,200 at 7.47%$377.86
54,200 at 7.48%$378.23
54,200 at 7.49%$378.60
54,200 at 7.5%$378.97
54,200 at 7.51%$379.35
54,200 at 7.52%$379.72
54,200 at 7.53%$380.09
54,200 at 7.54%$380.46
54,200 at 7.55%$380.83
54,200 at 7.56%$381.20
54,200 at 7.57%$381.58
54,200 at 7.58%$381.95
54,200 at 7.59%$382.32
54,200 at 7.6%$382.69
54,200 at 7.61%$383.07
54,200 at 7.62%$383.44
54,200 at 7.63%$383.81
54,200 at 7.64%$384.18
54,200 at 7.65%$384.56
54,200 at 7.66%$384.93
54,200 at 7.67%$385.30
54,200 at 7.68%$385.68
54,200 at 7.69%$386.05
54,200 at 7.7%$386.42
54,200 at 7.71%$386.80
54,200 at 7.72%$387.17
54,200 at 7.73%$387.55
54,200 at 7.74%$387.92
54,200 at 7.75%$388.30
54,200 at 7.76%$388.67
54,200 at 7.77%$389.04
54,200 at 7.78%$389.42
54,200 at 7.79%$389.79
54,200 at 7.8%$390.17
54,200 at 7.81%$390.55
54,200 at 7.82%$390.92
54,200 at 7.83%$391.30
54,200 at 7.84%$391.67
54,200 at 7.85%$392.05
54,200 at 7.86%$392.42
54,200 at 7.87%$392.80
54,200 at 7.88%$393.18
54,200 at 7.89%$393.55
54,200 at 7.9%$393.93
54,200 at 7.91%$394.31
54,200 at 7.92%$394.68
54,200 at 7.93%$395.06
54,200 at 7.94%$395.44
54,200 at 7.95%$395.81
54,200 at 7.96%$396.19
54,200 at 7.97%$396.57
54,200 at 7.98%$396.94
54,200 at 7.99%$397.32
54,200 at 8%$397.70
More Amounts
What is the down payment for a $54,200 house? How much do you need to put down?
Percent Down Down Payment
1%542
2%1,084
3%1,626
4%2,168
5%2,710
6%3,252
7%3,794
8%4,336
9%4,878
10%5,420
11%5,962
12%6,504
13%7,046
14%7,588
15%8,130
16%8,672
17%9,214
18%9,756
19%10,298
20%10,840
Percent Down Down Payment
21%11,382
22%11,924
23%12,466
24%13,008
25%13,550
26%14,092
27%14,634
28%15,176
29%15,718
30%16,260
31%16,802
32%17,344
33%17,886
34%18,428
35%18,970
36%19,512
37%20,054
38%20,596
39%21,138
40%21,680
Percent Down Down Payment
41%22,222
42%22,764
43%23,306
44%23,848
45%24,390
46%24,932
47%25,474
48%26,016
49%26,558
50%27,100
51%27,642
52%28,184
53%28,726
54%29,268
55%29,810
56%30,352
57%30,894
58%31,436
59%31,978
60%32,520
Percent Down Down Payment
61%33,062
62%33,604
63%34,146
64%34,688
65%35,230
66%35,772
67%36,314
68%36,856
69%37,398
70%37,940
71%38,482
72%39,024
73%39,566
74%40,108
75%40,650
76%41,192
77%41,734
78%42,276
79%42,818
80%43,360
Percent Down Down Payment
81%43,902
82%44,444
83%44,986
84%45,528
85%46,070
86%46,612
87%47,154
88%47,696
89%48,238
90%48,780
91%49,322
92%49,864
93%50,406
94%50,948
95%51,490
96%52,032
97%52,574
98%53,116
99%53,658
100%54,200
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.