$54,850 Mortgage for 30 Years

What is the monthly payment of a 54,850 dollar loan?
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Loan Tables for a $54,850 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 $54,850 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
54,850 at 2.01%$203.01
54,850 at 2.02%$203.29
54,850 at 2.03%$203.56
54,850 at 2.04%$203.84
54,850 at 2.05%$204.11
54,850 at 2.06%$204.39
54,850 at 2.07%$204.66
54,850 at 2.08%$204.94
54,850 at 2.09%$205.21
54,850 at 2.1%$205.49
54,850 at 2.11%$205.77
54,850 at 2.12%$206.04
54,850 at 2.13%$206.32
54,850 at 2.14%$206.60
54,850 at 2.15%$206.88
54,850 at 2.16%$207.15
54,850 at 2.17%$207.43
54,850 at 2.18%$207.71
54,850 at 2.19%$207.99
54,850 at 2.2%$208.27
54,850 at 2.21%$208.54
54,850 at 2.22%$208.82
54,850 at 2.23%$209.10
54,850 at 2.24%$209.38
54,850 at 2.25%$209.66
54,850 at 2.26%$209.94
54,850 at 2.27%$210.22
54,850 at 2.28%$210.50
54,850 at 2.29%$210.78
54,850 at 2.3%$211.06
54,850 at 2.31%$211.34
54,850 at 2.32%$211.63
54,850 at 2.33%$211.91
54,850 at 2.34%$212.19
54,850 at 2.35%$212.47
54,850 at 2.36%$212.75
54,850 at 2.37%$213.03
54,850 at 2.38%$213.32
54,850 at 2.39%$213.60
54,850 at 2.4%$213.88
54,850 at 2.41%$214.17
54,850 at 2.42%$214.45
54,850 at 2.43%$214.73
54,850 at 2.44%$215.02
54,850 at 2.45%$215.30
54,850 at 2.46%$215.58
54,850 at 2.47%$215.87
54,850 at 2.48%$216.15
54,850 at 2.49%$216.44
54,850 at 2.5%$216.72
54,850 at 2.51%$217.01
54,850 at 2.52%$217.29
54,850 at 2.53%$217.58
54,850 at 2.54%$217.87
54,850 at 2.55%$218.15
54,850 at 2.56%$218.44
54,850 at 2.57%$218.73
54,850 at 2.58%$219.01
54,850 at 2.59%$219.30
54,850 at 2.6%$219.59
54,850 at 2.61%$219.87
54,850 at 2.62%$220.16
54,850 at 2.63%$220.45
54,850 at 2.64%$220.74
54,850 at 2.65%$221.03
54,850 at 2.66%$221.31
54,850 at 2.67%$221.60
54,850 at 2.68%$221.89
54,850 at 2.69%$222.18
54,850 at 2.7%$222.47
54,850 at 2.71%$222.76
54,850 at 2.72%$223.05
54,850 at 2.73%$223.34
54,850 at 2.74%$223.63
54,850 at 2.75%$223.92
54,850 at 2.76%$224.21
54,850 at 2.77%$224.50
54,850 at 2.78%$224.79
54,850 at 2.79%$225.08
54,850 at 2.8%$225.38
54,850 at 2.81%$225.67
54,850 at 2.82%$225.96
54,850 at 2.83%$226.25
54,850 at 2.84%$226.54
54,850 at 2.85%$226.84
54,850 at 2.86%$227.13
54,850 at 2.87%$227.42
54,850 at 2.88%$227.72
54,850 at 2.89%$228.01
54,850 at 2.9%$228.30
54,850 at 2.91%$228.60
54,850 at 2.92%$228.89
54,850 at 2.93%$229.18
54,850 at 2.94%$229.48
54,850 at 2.95%$229.77
54,850 at 2.96%$230.07
54,850 at 2.97%$230.36
54,850 at 2.98%$230.66
54,850 at 2.99%$230.95
54,850 at 3%$231.25
54,850 at 3.01%$231.55
54,850 at 3.02%$231.84
54,850 at 3.03%$232.14
54,850 at 3.04%$232.43
54,850 at 3.05%$232.73
54,850 at 3.06%$233.03
54,850 at 3.07%$233.33
54,850 at 3.08%$233.62
54,850 at 3.09%$233.92
54,850 at 3.1%$234.22
54,850 at 3.11%$234.52
54,850 at 3.12%$234.81
54,850 at 3.13%$235.11
54,850 at 3.14%$235.41
54,850 at 3.15%$235.71
54,850 at 3.16%$236.01
54,850 at 3.17%$236.31
54,850 at 3.18%$236.61
54,850 at 3.19%$236.91
54,850 at 3.2%$237.21
54,850 at 3.21%$237.51
54,850 at 3.22%$237.81
54,850 at 3.23%$238.11
54,850 at 3.24%$238.41
54,850 at 3.25%$238.71
54,850 at 3.26%$239.01
54,850 at 3.27%$239.31
54,850 at 3.28%$239.61
54,850 at 3.29%$239.92
54,850 at 3.3%$240.22
54,850 at 3.31%$240.52
54,850 at 3.32%$240.82
54,850 at 3.33%$241.13
54,850 at 3.34%$241.43
54,850 at 3.35%$241.73
54,850 at 3.36%$242.03
54,850 at 3.37%$242.34
54,850 at 3.38%$242.64
54,850 at 3.39%$242.95
54,850 at 3.4%$243.25
54,850 at 3.41%$243.55
54,850 at 3.42%$243.86
54,850 at 3.43%$244.16
54,850 at 3.44%$244.47
54,850 at 3.45%$244.77
54,850 at 3.46%$245.08
54,850 at 3.47%$245.38
54,850 at 3.48%$245.69
54,850 at 3.49%$245.99
54,850 at 3.5%$246.30
Interest Rate 30 Year
54,850 at 3.51%$246.61
54,850 at 3.52%$246.91
54,850 at 3.53%$247.22
54,850 at 3.54%$247.53
54,850 at 3.55%$247.83
54,850 at 3.56%$248.14
54,850 at 3.57%$248.45
54,850 at 3.58%$248.76
54,850 at 3.59%$249.06
54,850 at 3.6%$249.37
54,850 at 3.61%$249.68
54,850 at 3.62%$249.99
54,850 at 3.63%$250.30
54,850 at 3.64%$250.61
54,850 at 3.65%$250.92
54,850 at 3.66%$251.23
54,850 at 3.67%$251.54
54,850 at 3.68%$251.85
54,850 at 3.69%$252.16
54,850 at 3.7%$252.47
54,850 at 3.71%$252.78
54,850 at 3.72%$253.09
54,850 at 3.73%$253.40
54,850 at 3.74%$253.71
54,850 at 3.75%$254.02
54,850 at 3.76%$254.33
54,850 at 3.77%$254.64
54,850 at 3.78%$254.95
54,850 at 3.79%$255.27
54,850 at 3.8%$255.58
54,850 at 3.81%$255.89
54,850 at 3.82%$256.20
54,850 at 3.83%$256.52
54,850 at 3.84%$256.83
54,850 at 3.85%$257.14
54,850 at 3.86%$257.45
54,850 at 3.87%$257.77
54,850 at 3.88%$258.08
54,850 at 3.89%$258.40
54,850 at 3.9%$258.71
54,850 at 3.91%$259.02
54,850 at 3.92%$259.34
54,850 at 3.93%$259.65
54,850 at 3.94%$259.97
54,850 at 3.95%$260.28
54,850 at 3.96%$260.60
54,850 at 3.97%$260.91
54,850 at 3.98%$261.23
54,850 at 3.99%$261.55
54,850 at 4%$261.86
54,850 at 4.01%$262.18
54,850 at 4.02%$262.50
54,850 at 4.03%$262.81
54,850 at 4.04%$263.13
54,850 at 4.05%$263.45
54,850 at 4.06%$263.76
54,850 at 4.07%$264.08
54,850 at 4.08%$264.40
54,850 at 4.09%$264.72
54,850 at 4.1%$265.03
54,850 at 4.11%$265.35
54,850 at 4.12%$265.67
54,850 at 4.13%$265.99
54,850 at 4.14%$266.31
54,850 at 4.15%$266.63
54,850 at 4.16%$266.95
54,850 at 4.17%$267.27
54,850 at 4.18%$267.59
54,850 at 4.19%$267.91
54,850 at 4.2%$268.23
54,850 at 4.21%$268.55
54,850 at 4.22%$268.87
54,850 at 4.23%$269.19
54,850 at 4.24%$269.51
54,850 at 4.25%$269.83
54,850 at 4.26%$270.15
54,850 at 4.27%$270.47
54,850 at 4.28%$270.79
54,850 at 4.29%$271.12
54,850 at 4.3%$271.44
54,850 at 4.31%$271.76
54,850 at 4.32%$272.08
54,850 at 4.33%$272.40
54,850 at 4.34%$272.73
54,850 at 4.35%$273.05
54,850 at 4.36%$273.37
54,850 at 4.37%$273.70
54,850 at 4.38%$274.02
54,850 at 4.39%$274.34
54,850 at 4.4%$274.67
54,850 at 4.41%$274.99
54,850 at 4.42%$275.32
54,850 at 4.43%$275.64
54,850 at 4.44%$275.96
54,850 at 4.45%$276.29
54,850 at 4.46%$276.61
54,850 at 4.47%$276.94
54,850 at 4.48%$277.27
54,850 at 4.49%$277.59
54,850 at 4.5%$277.92
54,850 at 4.51%$278.24
54,850 at 4.52%$278.57
54,850 at 4.53%$278.90
54,850 at 4.54%$279.22
54,850 at 4.55%$279.55
54,850 at 4.56%$279.88
54,850 at 4.57%$280.20
54,850 at 4.58%$280.53
54,850 at 4.59%$280.86
54,850 at 4.6%$281.19
54,850 at 4.61%$281.51
54,850 at 4.62%$281.84
54,850 at 4.63%$282.17
54,850 at 4.64%$282.50
54,850 at 4.65%$282.83
54,850 at 4.66%$283.16
54,850 at 4.67%$283.48
54,850 at 4.68%$283.81
54,850 at 4.69%$284.14
54,850 at 4.7%$284.47
54,850 at 4.71%$284.80
54,850 at 4.72%$285.13
54,850 at 4.73%$285.46
54,850 at 4.74%$285.79
54,850 at 4.75%$286.12
54,850 at 4.76%$286.45
54,850 at 4.77%$286.79
54,850 at 4.78%$287.12
54,850 at 4.79%$287.45
54,850 at 4.8%$287.78
54,850 at 4.81%$288.11
54,850 at 4.82%$288.44
54,850 at 4.83%$288.77
54,850 at 4.84%$289.11
54,850 at 4.85%$289.44
54,850 at 4.86%$289.77
54,850 at 4.87%$290.10
54,850 at 4.88%$290.44
54,850 at 4.89%$290.77
54,850 at 4.9%$291.10
54,850 at 4.91%$291.44
54,850 at 4.92%$291.77
54,850 at 4.93%$292.10
54,850 at 4.94%$292.44
54,850 at 4.95%$292.77
54,850 at 4.96%$293.11
54,850 at 4.97%$293.44
54,850 at 4.98%$293.78
54,850 at 4.99%$294.11
54,850 at 5%$294.45
Interest Rate 30 Year
54,850 at 5.01%$294.78
54,850 at 5.02%$295.12
54,850 at 5.03%$295.45
54,850 at 5.04%$295.79
54,850 at 5.05%$296.13
54,850 at 5.06%$296.46
54,850 at 5.07%$296.80
54,850 at 5.08%$297.13
54,850 at 5.09%$297.47
54,850 at 5.1%$297.81
54,850 at 5.11%$298.15
54,850 at 5.12%$298.48
54,850 at 5.13%$298.82
54,850 at 5.14%$299.16
54,850 at 5.15%$299.50
54,850 at 5.16%$299.83
54,850 at 5.17%$300.17
54,850 at 5.18%$300.51
54,850 at 5.19%$300.85
54,850 at 5.2%$301.19
54,850 at 5.21%$301.53
54,850 at 5.22%$301.87
54,850 at 5.23%$302.20
54,850 at 5.24%$302.54
54,850 at 5.25%$302.88
54,850 at 5.26%$303.22
54,850 at 5.27%$303.56
54,850 at 5.28%$303.90
54,850 at 5.29%$304.24
54,850 at 5.3%$304.58
54,850 at 5.31%$304.93
54,850 at 5.32%$305.27
54,850 at 5.33%$305.61
54,850 at 5.34%$305.95
54,850 at 5.35%$306.29
54,850 at 5.36%$306.63
54,850 at 5.37%$306.97
54,850 at 5.38%$307.32
54,850 at 5.39%$307.66
54,850 at 5.4%$308.00
54,850 at 5.41%$308.34
54,850 at 5.42%$308.68
54,850 at 5.43%$309.03
54,850 at 5.44%$309.37
54,850 at 5.45%$309.71
54,850 at 5.46%$310.06
54,850 at 5.47%$310.40
54,850 at 5.48%$310.74
54,850 at 5.49%$311.09
54,850 at 5.5%$311.43
54,850 at 5.51%$311.78
54,850 at 5.52%$312.12
54,850 at 5.53%$312.47
54,850 at 5.54%$312.81
54,850 at 5.55%$313.16
54,850 at 5.56%$313.50
54,850 at 5.57%$313.85
54,850 at 5.58%$314.19
54,850 at 5.59%$314.54
54,850 at 5.6%$314.88
54,850 at 5.61%$315.23
54,850 at 5.62%$315.57
54,850 at 5.63%$315.92
54,850 at 5.64%$316.27
54,850 at 5.65%$316.61
54,850 at 5.66%$316.96
54,850 at 5.67%$317.31
54,850 at 5.68%$317.65
54,850 at 5.69%$318.00
54,850 at 5.7%$318.35
54,850 at 5.71%$318.70
54,850 at 5.72%$319.05
54,850 at 5.73%$319.39
54,850 at 5.74%$319.74
54,850 at 5.75%$320.09
54,850 at 5.76%$320.44
54,850 at 5.77%$320.79
54,850 at 5.78%$321.14
54,850 at 5.79%$321.48
54,850 at 5.8%$321.83
54,850 at 5.81%$322.18
54,850 at 5.82%$322.53
54,850 at 5.83%$322.88
54,850 at 5.84%$323.23
54,850 at 5.85%$323.58
54,850 at 5.86%$323.93
54,850 at 5.87%$324.28
54,850 at 5.88%$324.63
54,850 at 5.89%$324.98
54,850 at 5.9%$325.34
54,850 at 5.91%$325.69
54,850 at 5.92%$326.04
54,850 at 5.93%$326.39
54,850 at 5.94%$326.74
54,850 at 5.95%$327.09
54,850 at 5.96%$327.44
54,850 at 5.97%$327.80
54,850 at 5.98%$328.15
54,850 at 5.99%$328.50
54,850 at 6%$328.85
54,850 at 6.01%$329.21
54,850 at 6.02%$329.56
54,850 at 6.03%$329.91
54,850 at 6.04%$330.27
54,850 at 6.05%$330.62
54,850 at 6.06%$330.97
54,850 at 6.07%$331.33
54,850 at 6.08%$331.68
54,850 at 6.09%$332.03
54,850 at 6.1%$332.39
54,850 at 6.11%$332.74
54,850 at 6.12%$333.10
54,850 at 6.13%$333.45
54,850 at 6.14%$333.81
54,850 at 6.15%$334.16
54,850 at 6.16%$334.52
54,850 at 6.17%$334.87
54,850 at 6.18%$335.23
54,850 at 6.19%$335.58
54,850 at 6.2%$335.94
54,850 at 6.21%$336.30
54,850 at 6.22%$336.65
54,850 at 6.23%$337.01
54,850 at 6.24%$337.36
54,850 at 6.25%$337.72
54,850 at 6.26%$338.08
54,850 at 6.27%$338.43
54,850 at 6.28%$338.79
54,850 at 6.29%$339.15
54,850 at 6.3%$339.51
54,850 at 6.31%$339.86
54,850 at 6.32%$340.22
54,850 at 6.33%$340.58
54,850 at 6.34%$340.94
54,850 at 6.35%$341.30
54,850 at 6.36%$341.65
54,850 at 6.37%$342.01
54,850 at 6.38%$342.37
54,850 at 6.39%$342.73
54,850 at 6.4%$343.09
54,850 at 6.41%$343.45
54,850 at 6.42%$343.81
54,850 at 6.43%$344.17
54,850 at 6.44%$344.53
54,850 at 6.45%$344.89
54,850 at 6.46%$345.25
54,850 at 6.47%$345.61
54,850 at 6.48%$345.97
54,850 at 6.49%$346.33
54,850 at 6.5%$346.69
Interest Rate 30 Year
54,850 at 6.51%$347.05
54,850 at 6.52%$347.41
54,850 at 6.53%$347.77
54,850 at 6.54%$348.13
54,850 at 6.55%$348.49
54,850 at 6.56%$348.86
54,850 at 6.57%$349.22
54,850 at 6.58%$349.58
54,850 at 6.59%$349.94
54,850 at 6.6%$350.30
54,850 at 6.61%$350.67
54,850 at 6.62%$351.03
54,850 at 6.63%$351.39
54,850 at 6.64%$351.75
54,850 at 6.65%$352.12
54,850 at 6.66%$352.48
54,850 at 6.67%$352.84
54,850 at 6.68%$353.21
54,850 at 6.69%$353.57
54,850 at 6.7%$353.93
54,850 at 6.71%$354.30
54,850 at 6.72%$354.66
54,850 at 6.73%$355.03
54,850 at 6.74%$355.39
54,850 at 6.75%$355.76
54,850 at 6.76%$356.12
54,850 at 6.77%$356.49
54,850 at 6.78%$356.85
54,850 at 6.79%$357.22
54,850 at 6.8%$357.58
54,850 at 6.81%$357.95
54,850 at 6.82%$358.31
54,850 at 6.83%$358.68
54,850 at 6.84%$359.04
54,850 at 6.85%$359.41
54,850 at 6.86%$359.78
54,850 at 6.87%$360.14
54,850 at 6.88%$360.51
54,850 at 6.89%$360.88
54,850 at 6.9%$361.24
54,850 at 6.91%$361.61
54,850 at 6.92%$361.98
54,850 at 6.93%$362.34
54,850 at 6.94%$362.71
54,850 at 6.95%$363.08
54,850 at 6.96%$363.45
54,850 at 6.97%$363.81
54,850 at 6.98%$364.18
54,850 at 6.99%$364.55
54,850 at 7%$364.92
54,850 at 7.01%$365.29
54,850 at 7.02%$365.66
54,850 at 7.03%$366.02
54,850 at 7.04%$366.39
54,850 at 7.05%$366.76
54,850 at 7.06%$367.13
54,850 at 7.07%$367.50
54,850 at 7.08%$367.87
54,850 at 7.09%$368.24
54,850 at 7.1%$368.61
54,850 at 7.11%$368.98
54,850 at 7.12%$369.35
54,850 at 7.13%$369.72
54,850 at 7.14%$370.09
54,850 at 7.15%$370.46
54,850 at 7.16%$370.83
54,850 at 7.17%$371.20
54,850 at 7.18%$371.57
54,850 at 7.19%$371.94
54,850 at 7.2%$372.32
54,850 at 7.21%$372.69
54,850 at 7.22%$373.06
54,850 at 7.23%$373.43
54,850 at 7.24%$373.80
54,850 at 7.25%$374.17
54,850 at 7.26%$374.55
54,850 at 7.27%$374.92
54,850 at 7.28%$375.29
54,850 at 7.29%$375.66
54,850 at 7.3%$376.04
54,850 at 7.31%$376.41
54,850 at 7.32%$376.78
54,850 at 7.33%$377.15
54,850 at 7.34%$377.53
54,850 at 7.35%$377.90
54,850 at 7.36%$378.27
54,850 at 7.37%$378.65
54,850 at 7.38%$379.02
54,850 at 7.39%$379.40
54,850 at 7.4%$379.77
54,850 at 7.41%$380.14
54,850 at 7.42%$380.52
54,850 at 7.43%$380.89
54,850 at 7.44%$381.27
54,850 at 7.45%$381.64
54,850 at 7.46%$382.02
54,850 at 7.47%$382.39
54,850 at 7.48%$382.77
54,850 at 7.49%$383.14
54,850 at 7.5%$383.52
54,850 at 7.51%$383.89
54,850 at 7.52%$384.27
54,850 at 7.53%$384.65
54,850 at 7.54%$385.02
54,850 at 7.55%$385.40
54,850 at 7.56%$385.78
54,850 at 7.57%$386.15
54,850 at 7.58%$386.53
54,850 at 7.59%$386.91
54,850 at 7.6%$387.28
54,850 at 7.61%$387.66
54,850 at 7.62%$388.04
54,850 at 7.63%$388.41
54,850 at 7.64%$388.79
54,850 at 7.65%$389.17
54,850 at 7.66%$389.55
54,850 at 7.67%$389.92
54,850 at 7.68%$390.30
54,850 at 7.69%$390.68
54,850 at 7.7%$391.06
54,850 at 7.71%$391.44
54,850 at 7.72%$391.82
54,850 at 7.73%$392.19
54,850 at 7.74%$392.57
54,850 at 7.75%$392.95
54,850 at 7.76%$393.33
54,850 at 7.77%$393.71
54,850 at 7.78%$394.09
54,850 at 7.79%$394.47
54,850 at 7.8%$394.85
54,850 at 7.81%$395.23
54,850 at 7.82%$395.61
54,850 at 7.83%$395.99
54,850 at 7.84%$396.37
54,850 at 7.85%$396.75
54,850 at 7.86%$397.13
54,850 at 7.87%$397.51
54,850 at 7.88%$397.89
54,850 at 7.89%$398.27
54,850 at 7.9%$398.65
54,850 at 7.91%$399.03
54,850 at 7.92%$399.42
54,850 at 7.93%$399.80
54,850 at 7.94%$400.18
54,850 at 7.95%$400.56
54,850 at 7.96%$400.94
54,850 at 7.97%$401.32
54,850 at 7.98%$401.71
54,850 at 7.99%$402.09
54,850 at 8%$402.47
More Amounts
What is the down payment for a $54,850 house? How much do you need to put down?
Percent Down Down Payment
1%549
2%1,097
3%1,646
4%2,194
5%2,743
6%3,291
7%3,840
8%4,388
9%4,937
10%5,485
11%6,034
12%6,582
13%7,131
14%7,679
15%8,228
16%8,776
17%9,325
18%9,873
19%10,422
20%10,970
Percent Down Down Payment
21%11,519
22%12,067
23%12,616
24%13,164
25%13,713
26%14,261
27%14,810
28%15,358
29%15,907
30%16,455
31%17,004
32%17,552
33%18,101
34%18,649
35%19,198
36%19,746
37%20,295
38%20,843
39%21,392
40%21,940
Percent Down Down Payment
41%22,489
42%23,037
43%23,586
44%24,134
45%24,683
46%25,231
47%25,780
48%26,328
49%26,877
50%27,425
51%27,974
52%28,522
53%29,071
54%29,619
55%30,168
56%30,716
57%31,265
58%31,813
59%32,362
60%32,910
Percent Down Down Payment
61%33,459
62%34,007
63%34,556
64%35,104
65%35,653
66%36,201
67%36,750
68%37,298
69%37,847
70%38,395
71%38,944
72%39,492
73%40,041
74%40,589
75%41,138
76%41,686
77%42,235
78%42,783
79%43,332
80%43,880
Percent Down Down Payment
81%44,429
82%44,977
83%45,526
84%46,074
85%46,623
86%47,171
87%47,720
88%48,268
89%48,817
90%49,365
91%49,914
92%50,462
93%51,011
94%51,559
95%52,108
96%52,656
97%53,205
98%53,753
99%54,302
100%54,850
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.