$54,800 Mortgage for 30 Years

What is the monthly payment of a 54,800 dollar loan?
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Loan Tables for a $54,800 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 55k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $54,800 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
54,800 at 2.01%$202.83
54,800 at 2.02%$203.10
54,800 at 2.03%$203.37
54,800 at 2.04%$203.65
54,800 at 2.05%$203.92
54,800 at 2.06%$204.20
54,800 at 2.07%$204.48
54,800 at 2.08%$204.75
54,800 at 2.09%$205.03
54,800 at 2.1%$205.30
54,800 at 2.11%$205.58
54,800 at 2.12%$205.86
54,800 at 2.13%$206.13
54,800 at 2.14%$206.41
54,800 at 2.15%$206.69
54,800 at 2.16%$206.96
54,800 at 2.17%$207.24
54,800 at 2.18%$207.52
54,800 at 2.19%$207.80
54,800 at 2.2%$208.08
54,800 at 2.21%$208.35
54,800 at 2.22%$208.63
54,800 at 2.23%$208.91
54,800 at 2.24%$209.19
54,800 at 2.25%$209.47
54,800 at 2.26%$209.75
54,800 at 2.27%$210.03
54,800 at 2.28%$210.31
54,800 at 2.29%$210.59
54,800 at 2.3%$210.87
54,800 at 2.31%$211.15
54,800 at 2.32%$211.43
54,800 at 2.33%$211.71
54,800 at 2.34%$212.00
54,800 at 2.35%$212.28
54,800 at 2.36%$212.56
54,800 at 2.37%$212.84
54,800 at 2.38%$213.12
54,800 at 2.39%$213.41
54,800 at 2.4%$213.69
54,800 at 2.41%$213.97
54,800 at 2.42%$214.25
54,800 at 2.43%$214.54
54,800 at 2.44%$214.82
54,800 at 2.45%$215.10
54,800 at 2.46%$215.39
54,800 at 2.47%$215.67
54,800 at 2.48%$215.96
54,800 at 2.49%$216.24
54,800 at 2.5%$216.53
54,800 at 2.51%$216.81
54,800 at 2.52%$217.10
54,800 at 2.53%$217.38
54,800 at 2.54%$217.67
54,800 at 2.55%$217.95
54,800 at 2.56%$218.24
54,800 at 2.57%$218.53
54,800 at 2.58%$218.81
54,800 at 2.59%$219.10
54,800 at 2.6%$219.39
54,800 at 2.61%$219.67
54,800 at 2.62%$219.96
54,800 at 2.63%$220.25
54,800 at 2.64%$220.54
54,800 at 2.65%$220.82
54,800 at 2.66%$221.11
54,800 at 2.67%$221.40
54,800 at 2.68%$221.69
54,800 at 2.69%$221.98
54,800 at 2.7%$222.27
54,800 at 2.71%$222.56
54,800 at 2.72%$222.85
54,800 at 2.73%$223.14
54,800 at 2.74%$223.43
54,800 at 2.75%$223.72
54,800 at 2.76%$224.01
54,800 at 2.77%$224.30
54,800 at 2.78%$224.59
54,800 at 2.79%$224.88
54,800 at 2.8%$225.17
54,800 at 2.81%$225.46
54,800 at 2.82%$225.75
54,800 at 2.83%$226.05
54,800 at 2.84%$226.34
54,800 at 2.85%$226.63
54,800 at 2.86%$226.92
54,800 at 2.87%$227.21
54,800 at 2.88%$227.51
54,800 at 2.89%$227.80
54,800 at 2.9%$228.09
54,800 at 2.91%$228.39
54,800 at 2.92%$228.68
54,800 at 2.93%$228.98
54,800 at 2.94%$229.27
54,800 at 2.95%$229.56
54,800 at 2.96%$229.86
54,800 at 2.97%$230.15
54,800 at 2.98%$230.45
54,800 at 2.99%$230.74
54,800 at 3%$231.04
54,800 at 3.01%$231.33
54,800 at 3.02%$231.63
54,800 at 3.03%$231.93
54,800 at 3.04%$232.22
54,800 at 3.05%$232.52
54,800 at 3.06%$232.82
54,800 at 3.07%$233.11
54,800 at 3.08%$233.41
54,800 at 3.09%$233.71
54,800 at 3.1%$234.00
54,800 at 3.11%$234.30
54,800 at 3.12%$234.60
54,800 at 3.13%$234.90
54,800 at 3.14%$235.20
54,800 at 3.15%$235.50
54,800 at 3.16%$235.79
54,800 at 3.17%$236.09
54,800 at 3.18%$236.39
54,800 at 3.19%$236.69
54,800 at 3.2%$236.99
54,800 at 3.21%$237.29
54,800 at 3.22%$237.59
54,800 at 3.23%$237.89
54,800 at 3.24%$238.19
54,800 at 3.25%$238.49
54,800 at 3.26%$238.79
54,800 at 3.27%$239.10
54,800 at 3.28%$239.40
54,800 at 3.29%$239.70
54,800 at 3.3%$240.00
54,800 at 3.31%$240.30
54,800 at 3.32%$240.60
54,800 at 3.33%$240.91
54,800 at 3.34%$241.21
54,800 at 3.35%$241.51
54,800 at 3.36%$241.81
54,800 at 3.37%$242.12
54,800 at 3.38%$242.42
54,800 at 3.39%$242.72
54,800 at 3.4%$243.03
54,800 at 3.41%$243.33
54,800 at 3.42%$243.64
54,800 at 3.43%$243.94
54,800 at 3.44%$244.24
54,800 at 3.45%$244.55
54,800 at 3.46%$244.85
54,800 at 3.47%$245.16
54,800 at 3.48%$245.47
54,800 at 3.49%$245.77
54,800 at 3.5%$246.08
Interest Rate 30 Year
54,800 at 3.51%$246.38
54,800 at 3.52%$246.69
54,800 at 3.53%$247.00
54,800 at 3.54%$247.30
54,800 at 3.55%$247.61
54,800 at 3.56%$247.92
54,800 at 3.57%$248.22
54,800 at 3.58%$248.53
54,800 at 3.59%$248.84
54,800 at 3.6%$249.15
54,800 at 3.61%$249.45
54,800 at 3.62%$249.76
54,800 at 3.63%$250.07
54,800 at 3.64%$250.38
54,800 at 3.65%$250.69
54,800 at 3.66%$251.00
54,800 at 3.67%$251.31
54,800 at 3.68%$251.62
54,800 at 3.69%$251.93
54,800 at 3.7%$252.24
54,800 at 3.71%$252.55
54,800 at 3.72%$252.86
54,800 at 3.73%$253.17
54,800 at 3.74%$253.48
54,800 at 3.75%$253.79
54,800 at 3.76%$254.10
54,800 at 3.77%$254.41
54,800 at 3.78%$254.72
54,800 at 3.79%$255.03
54,800 at 3.8%$255.34
54,800 at 3.81%$255.66
54,800 at 3.82%$255.97
54,800 at 3.83%$256.28
54,800 at 3.84%$256.59
54,800 at 3.85%$256.91
54,800 at 3.86%$257.22
54,800 at 3.87%$257.53
54,800 at 3.88%$257.85
54,800 at 3.89%$258.16
54,800 at 3.9%$258.47
54,800 at 3.91%$258.79
54,800 at 3.92%$259.10
54,800 at 3.93%$259.42
54,800 at 3.94%$259.73
54,800 at 3.95%$260.05
54,800 at 3.96%$260.36
54,800 at 3.97%$260.68
54,800 at 3.98%$260.99
54,800 at 3.99%$261.31
54,800 at 4%$261.62
54,800 at 4.01%$261.94
54,800 at 4.02%$262.26
54,800 at 4.03%$262.57
54,800 at 4.04%$262.89
54,800 at 4.05%$263.21
54,800 at 4.06%$263.52
54,800 at 4.07%$263.84
54,800 at 4.08%$264.16
54,800 at 4.09%$264.47
54,800 at 4.1%$264.79
54,800 at 4.11%$265.11
54,800 at 4.12%$265.43
54,800 at 4.13%$265.75
54,800 at 4.14%$266.07
54,800 at 4.15%$266.38
54,800 at 4.16%$266.70
54,800 at 4.17%$267.02
54,800 at 4.18%$267.34
54,800 at 4.19%$267.66
54,800 at 4.2%$267.98
54,800 at 4.21%$268.30
54,800 at 4.22%$268.62
54,800 at 4.23%$268.94
54,800 at 4.24%$269.26
54,800 at 4.25%$269.58
54,800 at 4.26%$269.90
54,800 at 4.27%$270.23
54,800 at 4.28%$270.55
54,800 at 4.29%$270.87
54,800 at 4.3%$271.19
54,800 at 4.31%$271.51
54,800 at 4.32%$271.83
54,800 at 4.33%$272.16
54,800 at 4.34%$272.48
54,800 at 4.35%$272.80
54,800 at 4.36%$273.12
54,800 at 4.37%$273.45
54,800 at 4.38%$273.77
54,800 at 4.39%$274.09
54,800 at 4.4%$274.42
54,800 at 4.41%$274.74
54,800 at 4.42%$275.06
54,800 at 4.43%$275.39
54,800 at 4.44%$275.71
54,800 at 4.45%$276.04
54,800 at 4.46%$276.36
54,800 at 4.47%$276.69
54,800 at 4.48%$277.01
54,800 at 4.49%$277.34
54,800 at 4.5%$277.66
54,800 at 4.51%$277.99
54,800 at 4.52%$278.32
54,800 at 4.53%$278.64
54,800 at 4.54%$278.97
54,800 at 4.55%$279.29
54,800 at 4.56%$279.62
54,800 at 4.57%$279.95
54,800 at 4.58%$280.27
54,800 at 4.59%$280.60
54,800 at 4.6%$280.93
54,800 at 4.61%$281.26
54,800 at 4.62%$281.58
54,800 at 4.63%$281.91
54,800 at 4.64%$282.24
54,800 at 4.65%$282.57
54,800 at 4.66%$282.90
54,800 at 4.67%$283.23
54,800 at 4.68%$283.56
54,800 at 4.69%$283.88
54,800 at 4.7%$284.21
54,800 at 4.71%$284.54
54,800 at 4.72%$284.87
54,800 at 4.73%$285.20
54,800 at 4.74%$285.53
54,800 at 4.75%$285.86
54,800 at 4.76%$286.19
54,800 at 4.77%$286.52
54,800 at 4.78%$286.85
54,800 at 4.79%$287.19
54,800 at 4.8%$287.52
54,800 at 4.81%$287.85
54,800 at 4.82%$288.18
54,800 at 4.83%$288.51
54,800 at 4.84%$288.84
54,800 at 4.85%$289.18
54,800 at 4.86%$289.51
54,800 at 4.87%$289.84
54,800 at 4.88%$290.17
54,800 at 4.89%$290.51
54,800 at 4.9%$290.84
54,800 at 4.91%$291.17
54,800 at 4.92%$291.50
54,800 at 4.93%$291.84
54,800 at 4.94%$292.17
54,800 at 4.95%$292.51
54,800 at 4.96%$292.84
54,800 at 4.97%$293.17
54,800 at 4.98%$293.51
54,800 at 4.99%$293.84
54,800 at 5%$294.18
Interest Rate 30 Year
54,800 at 5.01%$294.51
54,800 at 5.02%$294.85
54,800 at 5.03%$295.18
54,800 at 5.04%$295.52
54,800 at 5.05%$295.86
54,800 at 5.06%$296.19
54,800 at 5.07%$296.53
54,800 at 5.08%$296.86
54,800 at 5.09%$297.20
54,800 at 5.1%$297.54
54,800 at 5.11%$297.87
54,800 at 5.12%$298.21
54,800 at 5.13%$298.55
54,800 at 5.14%$298.88
54,800 at 5.15%$299.22
54,800 at 5.16%$299.56
54,800 at 5.17%$299.90
54,800 at 5.18%$300.24
54,800 at 5.19%$300.57
54,800 at 5.2%$300.91
54,800 at 5.21%$301.25
54,800 at 5.22%$301.59
54,800 at 5.23%$301.93
54,800 at 5.24%$302.27
54,800 at 5.25%$302.61
54,800 at 5.26%$302.95
54,800 at 5.27%$303.29
54,800 at 5.28%$303.63
54,800 at 5.29%$303.97
54,800 at 5.3%$304.31
54,800 at 5.31%$304.65
54,800 at 5.32%$304.99
54,800 at 5.33%$305.33
54,800 at 5.34%$305.67
54,800 at 5.35%$306.01
54,800 at 5.36%$306.35
54,800 at 5.37%$306.69
54,800 at 5.38%$307.04
54,800 at 5.39%$307.38
54,800 at 5.4%$307.72
54,800 at 5.41%$308.06
54,800 at 5.42%$308.40
54,800 at 5.43%$308.75
54,800 at 5.44%$309.09
54,800 at 5.45%$309.43
54,800 at 5.46%$309.77
54,800 at 5.47%$310.12
54,800 at 5.48%$310.46
54,800 at 5.49%$310.80
54,800 at 5.5%$311.15
54,800 at 5.51%$311.49
54,800 at 5.52%$311.84
54,800 at 5.53%$312.18
54,800 at 5.54%$312.53
54,800 at 5.55%$312.87
54,800 at 5.56%$313.21
54,800 at 5.57%$313.56
54,800 at 5.58%$313.90
54,800 at 5.59%$314.25
54,800 at 5.6%$314.60
54,800 at 5.61%$314.94
54,800 at 5.62%$315.29
54,800 at 5.63%$315.63
54,800 at 5.64%$315.98
54,800 at 5.65%$316.33
54,800 at 5.66%$316.67
54,800 at 5.67%$317.02
54,800 at 5.68%$317.37
54,800 at 5.69%$317.71
54,800 at 5.7%$318.06
54,800 at 5.71%$318.41
54,800 at 5.72%$318.75
54,800 at 5.73%$319.10
54,800 at 5.74%$319.45
54,800 at 5.75%$319.80
54,800 at 5.76%$320.15
54,800 at 5.77%$320.49
54,800 at 5.78%$320.84
54,800 at 5.79%$321.19
54,800 at 5.8%$321.54
54,800 at 5.81%$321.89
54,800 at 5.82%$322.24
54,800 at 5.83%$322.59
54,800 at 5.84%$322.94
54,800 at 5.85%$323.29
54,800 at 5.86%$323.64
54,800 at 5.87%$323.99
54,800 at 5.88%$324.34
54,800 at 5.89%$324.69
54,800 at 5.9%$325.04
54,800 at 5.91%$325.39
54,800 at 5.92%$325.74
54,800 at 5.93%$326.09
54,800 at 5.94%$326.44
54,800 at 5.95%$326.79
54,800 at 5.96%$327.15
54,800 at 5.97%$327.50
54,800 at 5.98%$327.85
54,800 at 5.99%$328.20
54,800 at 6%$328.55
54,800 at 6.01%$328.91
54,800 at 6.02%$329.26
54,800 at 6.03%$329.61
54,800 at 6.04%$329.96
54,800 at 6.05%$330.32
54,800 at 6.06%$330.67
54,800 at 6.07%$331.02
54,800 at 6.08%$331.38
54,800 at 6.09%$331.73
54,800 at 6.1%$332.09
54,800 at 6.11%$332.44
54,800 at 6.12%$332.79
54,800 at 6.13%$333.15
54,800 at 6.14%$333.50
54,800 at 6.15%$333.86
54,800 at 6.16%$334.21
54,800 at 6.17%$334.57
54,800 at 6.18%$334.92
54,800 at 6.19%$335.28
54,800 at 6.2%$335.63
54,800 at 6.21%$335.99
54,800 at 6.22%$336.34
54,800 at 6.23%$336.70
54,800 at 6.24%$337.06
54,800 at 6.25%$337.41
54,800 at 6.26%$337.77
54,800 at 6.27%$338.13
54,800 at 6.28%$338.48
54,800 at 6.29%$338.84
54,800 at 6.3%$339.20
54,800 at 6.31%$339.55
54,800 at 6.32%$339.91
54,800 at 6.33%$340.27
54,800 at 6.34%$340.63
54,800 at 6.35%$340.99
54,800 at 6.36%$341.34
54,800 at 6.37%$341.70
54,800 at 6.38%$342.06
54,800 at 6.39%$342.42
54,800 at 6.4%$342.78
54,800 at 6.41%$343.14
54,800 at 6.42%$343.50
54,800 at 6.43%$343.85
54,800 at 6.44%$344.21
54,800 at 6.45%$344.57
54,800 at 6.46%$344.93
54,800 at 6.47%$345.29
54,800 at 6.48%$345.65
54,800 at 6.49%$346.01
54,800 at 6.5%$346.37
Interest Rate 30 Year
54,800 at 6.51%$346.73
54,800 at 6.52%$347.09
54,800 at 6.53%$347.46
54,800 at 6.54%$347.82
54,800 at 6.55%$348.18
54,800 at 6.56%$348.54
54,800 at 6.57%$348.90
54,800 at 6.58%$349.26
54,800 at 6.59%$349.62
54,800 at 6.6%$349.99
54,800 at 6.61%$350.35
54,800 at 6.62%$350.71
54,800 at 6.63%$351.07
54,800 at 6.64%$351.43
54,800 at 6.65%$351.80
54,800 at 6.66%$352.16
54,800 at 6.67%$352.52
54,800 at 6.68%$352.89
54,800 at 6.69%$353.25
54,800 at 6.7%$353.61
54,800 at 6.71%$353.98
54,800 at 6.72%$354.34
54,800 at 6.73%$354.70
54,800 at 6.74%$355.07
54,800 at 6.75%$355.43
54,800 at 6.76%$355.80
54,800 at 6.77%$356.16
54,800 at 6.78%$356.53
54,800 at 6.79%$356.89
54,800 at 6.8%$357.26
54,800 at 6.81%$357.62
54,800 at 6.82%$357.99
54,800 at 6.83%$358.35
54,800 at 6.84%$358.72
54,800 at 6.85%$359.08
54,800 at 6.86%$359.45
54,800 at 6.87%$359.81
54,800 at 6.88%$360.18
54,800 at 6.89%$360.55
54,800 at 6.9%$360.91
54,800 at 6.91%$361.28
54,800 at 6.92%$361.65
54,800 at 6.93%$362.01
54,800 at 6.94%$362.38
54,800 at 6.95%$362.75
54,800 at 6.96%$363.11
54,800 at 6.97%$363.48
54,800 at 6.98%$363.85
54,800 at 6.99%$364.22
54,800 at 7%$364.59
54,800 at 7.01%$364.95
54,800 at 7.02%$365.32
54,800 at 7.03%$365.69
54,800 at 7.04%$366.06
54,800 at 7.05%$366.43
54,800 at 7.06%$366.80
54,800 at 7.07%$367.17
54,800 at 7.08%$367.53
54,800 at 7.09%$367.90
54,800 at 7.1%$368.27
54,800 at 7.11%$368.64
54,800 at 7.12%$369.01
54,800 at 7.13%$369.38
54,800 at 7.14%$369.75
54,800 at 7.15%$370.12
54,800 at 7.16%$370.49
54,800 at 7.17%$370.86
54,800 at 7.18%$371.23
54,800 at 7.19%$371.61
54,800 at 7.2%$371.98
54,800 at 7.21%$372.35
54,800 at 7.22%$372.72
54,800 at 7.23%$373.09
54,800 at 7.24%$373.46
54,800 at 7.25%$373.83
54,800 at 7.26%$374.20
54,800 at 7.27%$374.58
54,800 at 7.28%$374.95
54,800 at 7.29%$375.32
54,800 at 7.3%$375.69
54,800 at 7.31%$376.07
54,800 at 7.32%$376.44
54,800 at 7.33%$376.81
54,800 at 7.34%$377.18
54,800 at 7.35%$377.56
54,800 at 7.36%$377.93
54,800 at 7.37%$378.30
54,800 at 7.38%$378.68
54,800 at 7.39%$379.05
54,800 at 7.4%$379.42
54,800 at 7.41%$379.80
54,800 at 7.42%$380.17
54,800 at 7.43%$380.55
54,800 at 7.44%$380.92
54,800 at 7.45%$381.30
54,800 at 7.46%$381.67
54,800 at 7.47%$382.04
54,800 at 7.48%$382.42
54,800 at 7.49%$382.79
54,800 at 7.5%$383.17
54,800 at 7.51%$383.54
54,800 at 7.52%$383.92
54,800 at 7.53%$384.30
54,800 at 7.54%$384.67
54,800 at 7.55%$385.05
54,800 at 7.56%$385.42
54,800 at 7.57%$385.80
54,800 at 7.58%$386.18
54,800 at 7.59%$386.55
54,800 at 7.6%$386.93
54,800 at 7.61%$387.31
54,800 at 7.62%$387.68
54,800 at 7.63%$388.06
54,800 at 7.64%$388.44
54,800 at 7.65%$388.81
54,800 at 7.66%$389.19
54,800 at 7.67%$389.57
54,800 at 7.68%$389.95
54,800 at 7.69%$390.32
54,800 at 7.7%$390.70
54,800 at 7.71%$391.08
54,800 at 7.72%$391.46
54,800 at 7.73%$391.84
54,800 at 7.74%$392.22
54,800 at 7.75%$392.59
54,800 at 7.76%$392.97
54,800 at 7.77%$393.35
54,800 at 7.78%$393.73
54,800 at 7.79%$394.11
54,800 at 7.8%$394.49
54,800 at 7.81%$394.87
54,800 at 7.82%$395.25
54,800 at 7.83%$395.63
54,800 at 7.84%$396.01
54,800 at 7.85%$396.39
54,800 at 7.86%$396.77
54,800 at 7.87%$397.15
54,800 at 7.88%$397.53
54,800 at 7.89%$397.91
54,800 at 7.9%$398.29
54,800 at 7.91%$398.67
54,800 at 7.92%$399.05
54,800 at 7.93%$399.43
54,800 at 7.94%$399.81
54,800 at 7.95%$400.19
54,800 at 7.96%$400.58
54,800 at 7.97%$400.96
54,800 at 7.98%$401.34
54,800 at 7.99%$401.72
54,800 at 8%$402.10
More Amounts
What is the down payment for a $54,800 house? How much do you need to put down?
Percent Down Down Payment
1%548
2%1,096
3%1,644
4%2,192
5%2,740
6%3,288
7%3,836
8%4,384
9%4,932
10%5,480
11%6,028
12%6,576
13%7,124
14%7,672
15%8,220
16%8,768
17%9,316
18%9,864
19%10,412
20%10,960
Percent Down Down Payment
21%11,508
22%12,056
23%12,604
24%13,152
25%13,700
26%14,248
27%14,796
28%15,344
29%15,892
30%16,440
31%16,988
32%17,536
33%18,084
34%18,632
35%19,180
36%19,728
37%20,276
38%20,824
39%21,372
40%21,920
Percent Down Down Payment
41%22,468
42%23,016
43%23,564
44%24,112
45%24,660
46%25,208
47%25,756
48%26,304
49%26,852
50%27,400
51%27,948
52%28,496
53%29,044
54%29,592
55%30,140
56%30,688
57%31,236
58%31,784
59%32,332
60%32,880
Percent Down Down Payment
61%33,428
62%33,976
63%34,524
64%35,072
65%35,620
66%36,168
67%36,716
68%37,264
69%37,812
70%38,360
71%38,908
72%39,456
73%40,004
74%40,552
75%41,100
76%41,648
77%42,196
78%42,744
79%43,292
80%43,840
Percent Down Down Payment
81%44,388
82%44,936
83%45,484
84%46,032
85%46,580
86%47,128
87%47,676
88%48,224
89%48,772
90%49,320
91%49,868
92%50,416
93%50,964
94%51,512
95%52,060
96%52,608
97%53,156
98%53,704
99%54,252
100%54,800
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.