$54,950 Mortgage for 30 Years

What is the monthly payment of a 54,950 dollar loan?
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Loan Tables for a $54,950 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 $54,950 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
54,950 at 2.01%$203.38
54,950 at 2.02%$203.66
54,950 at 2.03%$203.93
54,950 at 2.04%$204.21
54,950 at 2.05%$204.48
54,950 at 2.06%$204.76
54,950 at 2.07%$205.03
54,950 at 2.08%$205.31
54,950 at 2.09%$205.59
54,950 at 2.1%$205.86
54,950 at 2.11%$206.14
54,950 at 2.12%$206.42
54,950 at 2.13%$206.70
54,950 at 2.14%$206.97
54,950 at 2.15%$207.25
54,950 at 2.16%$207.53
54,950 at 2.17%$207.81
54,950 at 2.18%$208.09
54,950 at 2.19%$208.37
54,950 at 2.2%$208.65
54,950 at 2.21%$208.92
54,950 at 2.22%$209.20
54,950 at 2.23%$209.48
54,950 at 2.24%$209.76
54,950 at 2.25%$210.04
54,950 at 2.26%$210.32
54,950 at 2.27%$210.61
54,950 at 2.28%$210.89
54,950 at 2.29%$211.17
54,950 at 2.3%$211.45
54,950 at 2.31%$211.73
54,950 at 2.32%$212.01
54,950 at 2.33%$212.29
54,950 at 2.34%$212.58
54,950 at 2.35%$212.86
54,950 at 2.36%$213.14
54,950 at 2.37%$213.42
54,950 at 2.38%$213.71
54,950 at 2.39%$213.99
54,950 at 2.4%$214.27
54,950 at 2.41%$214.56
54,950 at 2.42%$214.84
54,950 at 2.43%$215.12
54,950 at 2.44%$215.41
54,950 at 2.45%$215.69
54,950 at 2.46%$215.98
54,950 at 2.47%$216.26
54,950 at 2.48%$216.55
54,950 at 2.49%$216.83
54,950 at 2.5%$217.12
54,950 at 2.51%$217.40
54,950 at 2.52%$217.69
54,950 at 2.53%$217.98
54,950 at 2.54%$218.26
54,950 at 2.55%$218.55
54,950 at 2.56%$218.84
54,950 at 2.57%$219.12
54,950 at 2.58%$219.41
54,950 at 2.59%$219.70
54,950 at 2.6%$219.99
54,950 at 2.61%$220.27
54,950 at 2.62%$220.56
54,950 at 2.63%$220.85
54,950 at 2.64%$221.14
54,950 at 2.65%$221.43
54,950 at 2.66%$221.72
54,950 at 2.67%$222.01
54,950 at 2.68%$222.30
54,950 at 2.69%$222.59
54,950 at 2.7%$222.88
54,950 at 2.71%$223.17
54,950 at 2.72%$223.46
54,950 at 2.73%$223.75
54,950 at 2.74%$224.04
54,950 at 2.75%$224.33
54,950 at 2.76%$224.62
54,950 at 2.77%$224.91
54,950 at 2.78%$225.20
54,950 at 2.79%$225.49
54,950 at 2.8%$225.79
54,950 at 2.81%$226.08
54,950 at 2.82%$226.37
54,950 at 2.83%$226.66
54,950 at 2.84%$226.96
54,950 at 2.85%$227.25
54,950 at 2.86%$227.54
54,950 at 2.87%$227.84
54,950 at 2.88%$228.13
54,950 at 2.89%$228.42
54,950 at 2.9%$228.72
54,950 at 2.91%$229.01
54,950 at 2.92%$229.31
54,950 at 2.93%$229.60
54,950 at 2.94%$229.90
54,950 at 2.95%$230.19
54,950 at 2.96%$230.49
54,950 at 2.97%$230.78
54,950 at 2.98%$231.08
54,950 at 2.99%$231.38
54,950 at 3%$231.67
54,950 at 3.01%$231.97
54,950 at 3.02%$232.26
54,950 at 3.03%$232.56
54,950 at 3.04%$232.86
54,950 at 3.05%$233.16
54,950 at 3.06%$233.45
54,950 at 3.07%$233.75
54,950 at 3.08%$234.05
54,950 at 3.09%$234.35
54,950 at 3.1%$234.65
54,950 at 3.11%$234.94
54,950 at 3.12%$235.24
54,950 at 3.13%$235.54
54,950 at 3.14%$235.84
54,950 at 3.15%$236.14
54,950 at 3.16%$236.44
54,950 at 3.17%$236.74
54,950 at 3.18%$237.04
54,950 at 3.19%$237.34
54,950 at 3.2%$237.64
54,950 at 3.21%$237.94
54,950 at 3.22%$238.24
54,950 at 3.23%$238.54
54,950 at 3.24%$238.84
54,950 at 3.25%$239.15
54,950 at 3.26%$239.45
54,950 at 3.27%$239.75
54,950 at 3.28%$240.05
54,950 at 3.29%$240.35
54,950 at 3.3%$240.66
54,950 at 3.31%$240.96
54,950 at 3.32%$241.26
54,950 at 3.33%$241.57
54,950 at 3.34%$241.87
54,950 at 3.35%$242.17
54,950 at 3.36%$242.48
54,950 at 3.37%$242.78
54,950 at 3.38%$243.08
54,950 at 3.39%$243.39
54,950 at 3.4%$243.69
54,950 at 3.41%$244.00
54,950 at 3.42%$244.30
54,950 at 3.43%$244.61
54,950 at 3.44%$244.91
54,950 at 3.45%$245.22
54,950 at 3.46%$245.52
54,950 at 3.47%$245.83
54,950 at 3.48%$246.14
54,950 at 3.49%$246.44
54,950 at 3.5%$246.75
Interest Rate 30 Year
54,950 at 3.51%$247.06
54,950 at 3.52%$247.36
54,950 at 3.53%$247.67
54,950 at 3.54%$247.98
54,950 at 3.55%$248.29
54,950 at 3.56%$248.59
54,950 at 3.57%$248.90
54,950 at 3.58%$249.21
54,950 at 3.59%$249.52
54,950 at 3.6%$249.83
54,950 at 3.61%$250.14
54,950 at 3.62%$250.45
54,950 at 3.63%$250.75
54,950 at 3.64%$251.06
54,950 at 3.65%$251.37
54,950 at 3.66%$251.68
54,950 at 3.67%$251.99
54,950 at 3.68%$252.30
54,950 at 3.69%$252.61
54,950 at 3.7%$252.93
54,950 at 3.71%$253.24
54,950 at 3.72%$253.55
54,950 at 3.73%$253.86
54,950 at 3.74%$254.17
54,950 at 3.75%$254.48
54,950 at 3.76%$254.79
54,950 at 3.77%$255.11
54,950 at 3.78%$255.42
54,950 at 3.79%$255.73
54,950 at 3.8%$256.04
54,950 at 3.81%$256.36
54,950 at 3.82%$256.67
54,950 at 3.83%$256.98
54,950 at 3.84%$257.30
54,950 at 3.85%$257.61
54,950 at 3.86%$257.92
54,950 at 3.87%$258.24
54,950 at 3.88%$258.55
54,950 at 3.89%$258.87
54,950 at 3.9%$259.18
54,950 at 3.91%$259.50
54,950 at 3.92%$259.81
54,950 at 3.93%$260.13
54,950 at 3.94%$260.44
54,950 at 3.95%$260.76
54,950 at 3.96%$261.07
54,950 at 3.97%$261.39
54,950 at 3.98%$261.71
54,950 at 3.99%$262.02
54,950 at 4%$262.34
54,950 at 4.01%$262.66
54,950 at 4.02%$262.97
54,950 at 4.03%$263.29
54,950 at 4.04%$263.61
54,950 at 4.05%$263.93
54,950 at 4.06%$264.24
54,950 at 4.07%$264.56
54,950 at 4.08%$264.88
54,950 at 4.09%$265.20
54,950 at 4.1%$265.52
54,950 at 4.11%$265.84
54,950 at 4.12%$266.16
54,950 at 4.13%$266.47
54,950 at 4.14%$266.79
54,950 at 4.15%$267.11
54,950 at 4.16%$267.43
54,950 at 4.17%$267.75
54,950 at 4.18%$268.07
54,950 at 4.19%$268.39
54,950 at 4.2%$268.71
54,950 at 4.21%$269.04
54,950 at 4.22%$269.36
54,950 at 4.23%$269.68
54,950 at 4.24%$270.00
54,950 at 4.25%$270.32
54,950 at 4.26%$270.64
54,950 at 4.27%$270.96
54,950 at 4.28%$271.29
54,950 at 4.29%$271.61
54,950 at 4.3%$271.93
54,950 at 4.31%$272.25
54,950 at 4.32%$272.58
54,950 at 4.33%$272.90
54,950 at 4.34%$273.22
54,950 at 4.35%$273.55
54,950 at 4.36%$273.87
54,950 at 4.37%$274.20
54,950 at 4.38%$274.52
54,950 at 4.39%$274.84
54,950 at 4.4%$275.17
54,950 at 4.41%$275.49
54,950 at 4.42%$275.82
54,950 at 4.43%$276.14
54,950 at 4.44%$276.47
54,950 at 4.45%$276.79
54,950 at 4.46%$277.12
54,950 at 4.47%$277.44
54,950 at 4.48%$277.77
54,950 at 4.49%$278.10
54,950 at 4.5%$278.42
54,950 at 4.51%$278.75
54,950 at 4.52%$279.08
54,950 at 4.53%$279.40
54,950 at 4.54%$279.73
54,950 at 4.55%$280.06
54,950 at 4.56%$280.39
54,950 at 4.57%$280.71
54,950 at 4.58%$281.04
54,950 at 4.59%$281.37
54,950 at 4.6%$281.70
54,950 at 4.61%$282.03
54,950 at 4.62%$282.36
54,950 at 4.63%$282.68
54,950 at 4.64%$283.01
54,950 at 4.65%$283.34
54,950 at 4.66%$283.67
54,950 at 4.67%$284.00
54,950 at 4.68%$284.33
54,950 at 4.69%$284.66
54,950 at 4.7%$284.99
54,950 at 4.71%$285.32
54,950 at 4.72%$285.65
54,950 at 4.73%$285.98
54,950 at 4.74%$286.31
54,950 at 4.75%$286.65
54,950 at 4.76%$286.98
54,950 at 4.77%$287.31
54,950 at 4.78%$287.64
54,950 at 4.79%$287.97
54,950 at 4.8%$288.30
54,950 at 4.81%$288.64
54,950 at 4.82%$288.97
54,950 at 4.83%$289.30
54,950 at 4.84%$289.63
54,950 at 4.85%$289.97
54,950 at 4.86%$290.30
54,950 at 4.87%$290.63
54,950 at 4.88%$290.97
54,950 at 4.89%$291.30
54,950 at 4.9%$291.63
54,950 at 4.91%$291.97
54,950 at 4.92%$292.30
54,950 at 4.93%$292.64
54,950 at 4.94%$292.97
54,950 at 4.95%$293.31
54,950 at 4.96%$293.64
54,950 at 4.97%$293.98
54,950 at 4.98%$294.31
54,950 at 4.99%$294.65
54,950 at 5%$294.98
Interest Rate 30 Year
54,950 at 5.01%$295.32
54,950 at 5.02%$295.66
54,950 at 5.03%$295.99
54,950 at 5.04%$296.33
54,950 at 5.05%$296.66
54,950 at 5.06%$297.00
54,950 at 5.07%$297.34
54,950 at 5.08%$297.68
54,950 at 5.09%$298.01
54,950 at 5.1%$298.35
54,950 at 5.11%$298.69
54,950 at 5.12%$299.03
54,950 at 5.13%$299.36
54,950 at 5.14%$299.70
54,950 at 5.15%$300.04
54,950 at 5.16%$300.38
54,950 at 5.17%$300.72
54,950 at 5.18%$301.06
54,950 at 5.19%$301.40
54,950 at 5.2%$301.74
54,950 at 5.21%$302.08
54,950 at 5.22%$302.42
54,950 at 5.23%$302.76
54,950 at 5.24%$303.10
54,950 at 5.25%$303.44
54,950 at 5.26%$303.78
54,950 at 5.27%$304.12
54,950 at 5.28%$304.46
54,950 at 5.29%$304.80
54,950 at 5.3%$305.14
54,950 at 5.31%$305.48
54,950 at 5.32%$305.82
54,950 at 5.33%$306.16
54,950 at 5.34%$306.51
54,950 at 5.35%$306.85
54,950 at 5.36%$307.19
54,950 at 5.37%$307.53
54,950 at 5.38%$307.88
54,950 at 5.39%$308.22
54,950 at 5.4%$308.56
54,950 at 5.41%$308.90
54,950 at 5.42%$309.25
54,950 at 5.43%$309.59
54,950 at 5.44%$309.93
54,950 at 5.45%$310.28
54,950 at 5.46%$310.62
54,950 at 5.47%$310.97
54,950 at 5.48%$311.31
54,950 at 5.49%$311.66
54,950 at 5.5%$312.00
54,950 at 5.51%$312.34
54,950 at 5.52%$312.69
54,950 at 5.53%$313.04
54,950 at 5.54%$313.38
54,950 at 5.55%$313.73
54,950 at 5.56%$314.07
54,950 at 5.57%$314.42
54,950 at 5.58%$314.76
54,950 at 5.59%$315.11
54,950 at 5.6%$315.46
54,950 at 5.61%$315.80
54,950 at 5.62%$316.15
54,950 at 5.63%$316.50
54,950 at 5.64%$316.84
54,950 at 5.65%$317.19
54,950 at 5.66%$317.54
54,950 at 5.67%$317.89
54,950 at 5.68%$318.23
54,950 at 5.69%$318.58
54,950 at 5.7%$318.93
54,950 at 5.71%$319.28
54,950 at 5.72%$319.63
54,950 at 5.73%$319.98
54,950 at 5.74%$320.32
54,950 at 5.75%$320.67
54,950 at 5.76%$321.02
54,950 at 5.77%$321.37
54,950 at 5.78%$321.72
54,950 at 5.79%$322.07
54,950 at 5.8%$322.42
54,950 at 5.81%$322.77
54,950 at 5.82%$323.12
54,950 at 5.83%$323.47
54,950 at 5.84%$323.82
54,950 at 5.85%$324.17
54,950 at 5.86%$324.52
54,950 at 5.87%$324.87
54,950 at 5.88%$325.23
54,950 at 5.89%$325.58
54,950 at 5.9%$325.93
54,950 at 5.91%$326.28
54,950 at 5.92%$326.63
54,950 at 5.93%$326.98
54,950 at 5.94%$327.34
54,950 at 5.95%$327.69
54,950 at 5.96%$328.04
54,950 at 5.97%$328.39
54,950 at 5.98%$328.75
54,950 at 5.99%$329.10
54,950 at 6%$329.45
54,950 at 6.01%$329.81
54,950 at 6.02%$330.16
54,950 at 6.03%$330.51
54,950 at 6.04%$330.87
54,950 at 6.05%$331.22
54,950 at 6.06%$331.58
54,950 at 6.07%$331.93
54,950 at 6.08%$332.28
54,950 at 6.09%$332.64
54,950 at 6.1%$332.99
54,950 at 6.11%$333.35
54,950 at 6.12%$333.70
54,950 at 6.13%$334.06
54,950 at 6.14%$334.42
54,950 at 6.15%$334.77
54,950 at 6.16%$335.13
54,950 at 6.17%$335.48
54,950 at 6.18%$335.84
54,950 at 6.19%$336.20
54,950 at 6.2%$336.55
54,950 at 6.21%$336.91
54,950 at 6.22%$337.27
54,950 at 6.23%$337.62
54,950 at 6.24%$337.98
54,950 at 6.25%$338.34
54,950 at 6.26%$338.69
54,950 at 6.27%$339.05
54,950 at 6.28%$339.41
54,950 at 6.29%$339.77
54,950 at 6.3%$340.13
54,950 at 6.31%$340.48
54,950 at 6.32%$340.84
54,950 at 6.33%$341.20
54,950 at 6.34%$341.56
54,950 at 6.35%$341.92
54,950 at 6.36%$342.28
54,950 at 6.37%$342.64
54,950 at 6.38%$343.00
54,950 at 6.39%$343.36
54,950 at 6.4%$343.72
54,950 at 6.41%$344.08
54,950 at 6.42%$344.44
54,950 at 6.43%$344.80
54,950 at 6.44%$345.16
54,950 at 6.45%$345.52
54,950 at 6.46%$345.88
54,950 at 6.47%$346.24
54,950 at 6.48%$346.60
54,950 at 6.49%$346.96
54,950 at 6.5%$347.32
Interest Rate 30 Year
54,950 at 6.51%$347.68
54,950 at 6.52%$348.04
54,950 at 6.53%$348.41
54,950 at 6.54%$348.77
54,950 at 6.55%$349.13
54,950 at 6.56%$349.49
54,950 at 6.57%$349.85
54,950 at 6.58%$350.22
54,950 at 6.59%$350.58
54,950 at 6.6%$350.94
54,950 at 6.61%$351.31
54,950 at 6.62%$351.67
54,950 at 6.63%$352.03
54,950 at 6.64%$352.40
54,950 at 6.65%$352.76
54,950 at 6.66%$353.12
54,950 at 6.67%$353.49
54,950 at 6.68%$353.85
54,950 at 6.69%$354.22
54,950 at 6.7%$354.58
54,950 at 6.71%$354.94
54,950 at 6.72%$355.31
54,950 at 6.73%$355.67
54,950 at 6.74%$356.04
54,950 at 6.75%$356.40
54,950 at 6.76%$356.77
54,950 at 6.77%$357.14
54,950 at 6.78%$357.50
54,950 at 6.79%$357.87
54,950 at 6.8%$358.23
54,950 at 6.81%$358.60
54,950 at 6.82%$358.97
54,950 at 6.83%$359.33
54,950 at 6.84%$359.70
54,950 at 6.85%$360.06
54,950 at 6.86%$360.43
54,950 at 6.87%$360.80
54,950 at 6.88%$361.17
54,950 at 6.89%$361.53
54,950 at 6.9%$361.90
54,950 at 6.91%$362.27
54,950 at 6.92%$362.64
54,950 at 6.93%$363.00
54,950 at 6.94%$363.37
54,950 at 6.95%$363.74
54,950 at 6.96%$364.11
54,950 at 6.97%$364.48
54,950 at 6.98%$364.85
54,950 at 6.99%$365.21
54,950 at 7%$365.58
54,950 at 7.01%$365.95
54,950 at 7.02%$366.32
54,950 at 7.03%$366.69
54,950 at 7.04%$367.06
54,950 at 7.05%$367.43
54,950 at 7.06%$367.80
54,950 at 7.07%$368.17
54,950 at 7.08%$368.54
54,950 at 7.09%$368.91
54,950 at 7.1%$369.28
54,950 at 7.11%$369.65
54,950 at 7.12%$370.02
54,950 at 7.13%$370.39
54,950 at 7.14%$370.76
54,950 at 7.15%$371.14
54,950 at 7.16%$371.51
54,950 at 7.17%$371.88
54,950 at 7.18%$372.25
54,950 at 7.19%$372.62
54,950 at 7.2%$372.99
54,950 at 7.21%$373.37
54,950 at 7.22%$373.74
54,950 at 7.23%$374.11
54,950 at 7.24%$374.48
54,950 at 7.25%$374.86
54,950 at 7.26%$375.23
54,950 at 7.27%$375.60
54,950 at 7.28%$375.97
54,950 at 7.29%$376.35
54,950 at 7.3%$376.72
54,950 at 7.31%$377.09
54,950 at 7.32%$377.47
54,950 at 7.33%$377.84
54,950 at 7.34%$378.22
54,950 at 7.35%$378.59
54,950 at 7.36%$378.96
54,950 at 7.37%$379.34
54,950 at 7.38%$379.71
54,950 at 7.39%$380.09
54,950 at 7.4%$380.46
54,950 at 7.41%$380.84
54,950 at 7.42%$381.21
54,950 at 7.43%$381.59
54,950 at 7.44%$381.96
54,950 at 7.45%$382.34
54,950 at 7.46%$382.71
54,950 at 7.47%$383.09
54,950 at 7.48%$383.47
54,950 at 7.49%$383.84
54,950 at 7.5%$384.22
54,950 at 7.51%$384.59
54,950 at 7.52%$384.97
54,950 at 7.53%$385.35
54,950 at 7.54%$385.72
54,950 at 7.55%$386.10
54,950 at 7.56%$386.48
54,950 at 7.57%$386.86
54,950 at 7.58%$387.23
54,950 at 7.59%$387.61
54,950 at 7.6%$387.99
54,950 at 7.61%$388.37
54,950 at 7.62%$388.74
54,950 at 7.63%$389.12
54,950 at 7.64%$389.50
54,950 at 7.65%$389.88
54,950 at 7.66%$390.26
54,950 at 7.67%$390.64
54,950 at 7.68%$391.01
54,950 at 7.69%$391.39
54,950 at 7.7%$391.77
54,950 at 7.71%$392.15
54,950 at 7.72%$392.53
54,950 at 7.73%$392.91
54,950 at 7.74%$393.29
54,950 at 7.75%$393.67
54,950 at 7.76%$394.05
54,950 at 7.77%$394.43
54,950 at 7.78%$394.81
54,950 at 7.79%$395.19
54,950 at 7.8%$395.57
54,950 at 7.81%$395.95
54,950 at 7.82%$396.33
54,950 at 7.83%$396.71
54,950 at 7.84%$397.09
54,950 at 7.85%$397.47
54,950 at 7.86%$397.85
54,950 at 7.87%$398.23
54,950 at 7.88%$398.62
54,950 at 7.89%$399.00
54,950 at 7.9%$399.38
54,950 at 7.91%$399.76
54,950 at 7.92%$400.14
54,950 at 7.93%$400.53
54,950 at 7.94%$400.91
54,950 at 7.95%$401.29
54,950 at 7.96%$401.67
54,950 at 7.97%$402.06
54,950 at 7.98%$402.44
54,950 at 7.99%$402.82
54,950 at 8%$403.20
More Amounts
What is the down payment for a $54,950 house? How much do you need to put down?
Percent Down Down Payment
1%550
2%1,099
3%1,649
4%2,198
5%2,748
6%3,297
7%3,847
8%4,396
9%4,946
10%5,495
11%6,045
12%6,594
13%7,144
14%7,693
15%8,243
16%8,792
17%9,342
18%9,891
19%10,441
20%10,990
Percent Down Down Payment
21%11,540
22%12,089
23%12,639
24%13,188
25%13,738
26%14,287
27%14,837
28%15,386
29%15,936
30%16,485
31%17,035
32%17,584
33%18,134
34%18,683
35%19,233
36%19,782
37%20,332
38%20,881
39%21,431
40%21,980
Percent Down Down Payment
41%22,530
42%23,079
43%23,629
44%24,178
45%24,728
46%25,277
47%25,827
48%26,376
49%26,926
50%27,475
51%28,025
52%28,574
53%29,124
54%29,673
55%30,223
56%30,772
57%31,322
58%31,871
59%32,421
60%32,970
Percent Down Down Payment
61%33,520
62%34,069
63%34,619
64%35,168
65%35,718
66%36,267
67%36,817
68%37,366
69%37,916
70%38,465
71%39,015
72%39,564
73%40,114
74%40,663
75%41,213
76%41,762
77%42,312
78%42,861
79%43,411
80%43,960
Percent Down Down Payment
81%44,510
82%45,059
83%45,609
84%46,158
85%46,708
86%47,257
87%47,807
88%48,356
89%48,906
90%49,455
91%50,005
92%50,554
93%51,104
94%51,653
95%52,203
96%52,752
97%53,302
98%53,851
99%54,401
100%54,950
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.