$55,300 Mortgage for 30 Years

What is the monthly payment of a 55,300 dollar loan?
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Loan Tables for a $55,300 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 $55,300 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
55,300 at 2.01%$204.68
55,300 at 2.02%$204.95
55,300 at 2.03%$205.23
55,300 at 2.04%$205.51
55,300 at 2.05%$205.79
55,300 at 2.06%$206.06
55,300 at 2.07%$206.34
55,300 at 2.08%$206.62
55,300 at 2.09%$206.90
55,300 at 2.1%$207.18
55,300 at 2.11%$207.45
55,300 at 2.12%$207.73
55,300 at 2.13%$208.01
55,300 at 2.14%$208.29
55,300 at 2.15%$208.57
55,300 at 2.16%$208.85
55,300 at 2.17%$209.13
55,300 at 2.18%$209.41
55,300 at 2.19%$209.69
55,300 at 2.2%$209.97
55,300 at 2.21%$210.26
55,300 at 2.22%$210.54
55,300 at 2.23%$210.82
55,300 at 2.24%$211.10
55,300 at 2.25%$211.38
55,300 at 2.26%$211.66
55,300 at 2.27%$211.95
55,300 at 2.28%$212.23
55,300 at 2.29%$212.51
55,300 at 2.3%$212.80
55,300 at 2.31%$213.08
55,300 at 2.32%$213.36
55,300 at 2.33%$213.65
55,300 at 2.34%$213.93
55,300 at 2.35%$214.21
55,300 at 2.36%$214.50
55,300 at 2.37%$214.78
55,300 at 2.38%$215.07
55,300 at 2.39%$215.35
55,300 at 2.4%$215.64
55,300 at 2.41%$215.92
55,300 at 2.42%$216.21
55,300 at 2.43%$216.49
55,300 at 2.44%$216.78
55,300 at 2.45%$217.07
55,300 at 2.46%$217.35
55,300 at 2.47%$217.64
55,300 at 2.48%$217.93
55,300 at 2.49%$218.21
55,300 at 2.5%$218.50
55,300 at 2.51%$218.79
55,300 at 2.52%$219.08
55,300 at 2.53%$219.37
55,300 at 2.54%$219.65
55,300 at 2.55%$219.94
55,300 at 2.56%$220.23
55,300 at 2.57%$220.52
55,300 at 2.58%$220.81
55,300 at 2.59%$221.10
55,300 at 2.6%$221.39
55,300 at 2.61%$221.68
55,300 at 2.62%$221.97
55,300 at 2.63%$222.26
55,300 at 2.64%$222.55
55,300 at 2.65%$222.84
55,300 at 2.66%$223.13
55,300 at 2.67%$223.42
55,300 at 2.68%$223.71
55,300 at 2.69%$224.00
55,300 at 2.7%$224.30
55,300 at 2.71%$224.59
55,300 at 2.72%$224.88
55,300 at 2.73%$225.17
55,300 at 2.74%$225.46
55,300 at 2.75%$225.76
55,300 at 2.76%$226.05
55,300 at 2.77%$226.34
55,300 at 2.78%$226.64
55,300 at 2.79%$226.93
55,300 at 2.8%$227.22
55,300 at 2.81%$227.52
55,300 at 2.82%$227.81
55,300 at 2.83%$228.11
55,300 at 2.84%$228.40
55,300 at 2.85%$228.70
55,300 at 2.86%$228.99
55,300 at 2.87%$229.29
55,300 at 2.88%$229.58
55,300 at 2.89%$229.88
55,300 at 2.9%$230.18
55,300 at 2.91%$230.47
55,300 at 2.92%$230.77
55,300 at 2.93%$231.06
55,300 at 2.94%$231.36
55,300 at 2.95%$231.66
55,300 at 2.96%$231.96
55,300 at 2.97%$232.25
55,300 at 2.98%$232.55
55,300 at 2.99%$232.85
55,300 at 3%$233.15
55,300 at 3.01%$233.45
55,300 at 3.02%$233.74
55,300 at 3.03%$234.04
55,300 at 3.04%$234.34
55,300 at 3.05%$234.64
55,300 at 3.06%$234.94
55,300 at 3.07%$235.24
55,300 at 3.08%$235.54
55,300 at 3.09%$235.84
55,300 at 3.1%$236.14
55,300 at 3.11%$236.44
55,300 at 3.12%$236.74
55,300 at 3.13%$237.04
55,300 at 3.14%$237.34
55,300 at 3.15%$237.64
55,300 at 3.16%$237.95
55,300 at 3.17%$238.25
55,300 at 3.18%$238.55
55,300 at 3.19%$238.85
55,300 at 3.2%$239.15
55,300 at 3.21%$239.46
55,300 at 3.22%$239.76
55,300 at 3.23%$240.06
55,300 at 3.24%$240.37
55,300 at 3.25%$240.67
55,300 at 3.26%$240.97
55,300 at 3.27%$241.28
55,300 at 3.28%$241.58
55,300 at 3.29%$241.88
55,300 at 3.3%$242.19
55,300 at 3.31%$242.49
55,300 at 3.32%$242.80
55,300 at 3.33%$243.10
55,300 at 3.34%$243.41
55,300 at 3.35%$243.71
55,300 at 3.36%$244.02
55,300 at 3.37%$244.33
55,300 at 3.38%$244.63
55,300 at 3.39%$244.94
55,300 at 3.4%$245.25
55,300 at 3.41%$245.55
55,300 at 3.42%$245.86
55,300 at 3.43%$246.17
55,300 at 3.44%$246.47
55,300 at 3.45%$246.78
55,300 at 3.46%$247.09
55,300 at 3.47%$247.40
55,300 at 3.48%$247.70
55,300 at 3.49%$248.01
55,300 at 3.5%$248.32
Interest Rate 30 Year
55,300 at 3.51%$248.63
55,300 at 3.52%$248.94
55,300 at 3.53%$249.25
55,300 at 3.54%$249.56
55,300 at 3.55%$249.87
55,300 at 3.56%$250.18
55,300 at 3.57%$250.49
55,300 at 3.58%$250.80
55,300 at 3.59%$251.11
55,300 at 3.6%$251.42
55,300 at 3.61%$251.73
55,300 at 3.62%$252.04
55,300 at 3.63%$252.35
55,300 at 3.64%$252.66
55,300 at 3.65%$252.98
55,300 at 3.66%$253.29
55,300 at 3.67%$253.60
55,300 at 3.68%$253.91
55,300 at 3.69%$254.22
55,300 at 3.7%$254.54
55,300 at 3.71%$254.85
55,300 at 3.72%$255.16
55,300 at 3.73%$255.48
55,300 at 3.74%$255.79
55,300 at 3.75%$256.10
55,300 at 3.76%$256.42
55,300 at 3.77%$256.73
55,300 at 3.78%$257.05
55,300 at 3.79%$257.36
55,300 at 3.8%$257.67
55,300 at 3.81%$257.99
55,300 at 3.82%$258.30
55,300 at 3.83%$258.62
55,300 at 3.84%$258.94
55,300 at 3.85%$259.25
55,300 at 3.86%$259.57
55,300 at 3.87%$259.88
55,300 at 3.88%$260.20
55,300 at 3.89%$260.52
55,300 at 3.9%$260.83
55,300 at 3.91%$261.15
55,300 at 3.92%$261.47
55,300 at 3.93%$261.78
55,300 at 3.94%$262.10
55,300 at 3.95%$262.42
55,300 at 3.96%$262.74
55,300 at 3.97%$263.06
55,300 at 3.98%$263.37
55,300 at 3.99%$263.69
55,300 at 4%$264.01
55,300 at 4.01%$264.33
55,300 at 4.02%$264.65
55,300 at 4.03%$264.97
55,300 at 4.04%$265.29
55,300 at 4.05%$265.61
55,300 at 4.06%$265.93
55,300 at 4.07%$266.25
55,300 at 4.08%$266.57
55,300 at 4.09%$266.89
55,300 at 4.1%$267.21
55,300 at 4.11%$267.53
55,300 at 4.12%$267.85
55,300 at 4.13%$268.17
55,300 at 4.14%$268.49
55,300 at 4.15%$268.82
55,300 at 4.16%$269.14
55,300 at 4.17%$269.46
55,300 at 4.18%$269.78
55,300 at 4.19%$270.10
55,300 at 4.2%$270.43
55,300 at 4.21%$270.75
55,300 at 4.22%$271.07
55,300 at 4.23%$271.40
55,300 at 4.24%$271.72
55,300 at 4.25%$272.04
55,300 at 4.26%$272.37
55,300 at 4.27%$272.69
55,300 at 4.28%$273.01
55,300 at 4.29%$273.34
55,300 at 4.3%$273.66
55,300 at 4.31%$273.99
55,300 at 4.32%$274.31
55,300 at 4.33%$274.64
55,300 at 4.34%$274.96
55,300 at 4.35%$275.29
55,300 at 4.36%$275.62
55,300 at 4.37%$275.94
55,300 at 4.38%$276.27
55,300 at 4.39%$276.59
55,300 at 4.4%$276.92
55,300 at 4.41%$277.25
55,300 at 4.42%$277.57
55,300 at 4.43%$277.90
55,300 at 4.44%$278.23
55,300 at 4.45%$278.56
55,300 at 4.46%$278.88
55,300 at 4.47%$279.21
55,300 at 4.48%$279.54
55,300 at 4.49%$279.87
55,300 at 4.5%$280.20
55,300 at 4.51%$280.53
55,300 at 4.52%$280.85
55,300 at 4.53%$281.18
55,300 at 4.54%$281.51
55,300 at 4.55%$281.84
55,300 at 4.56%$282.17
55,300 at 4.57%$282.50
55,300 at 4.58%$282.83
55,300 at 4.59%$283.16
55,300 at 4.6%$283.49
55,300 at 4.61%$283.82
55,300 at 4.62%$284.15
55,300 at 4.63%$284.48
55,300 at 4.64%$284.82
55,300 at 4.65%$285.15
55,300 at 4.66%$285.48
55,300 at 4.67%$285.81
55,300 at 4.68%$286.14
55,300 at 4.69%$286.47
55,300 at 4.7%$286.81
55,300 at 4.71%$287.14
55,300 at 4.72%$287.47
55,300 at 4.73%$287.80
55,300 at 4.74%$288.14
55,300 at 4.75%$288.47
55,300 at 4.76%$288.80
55,300 at 4.77%$289.14
55,300 at 4.78%$289.47
55,300 at 4.79%$289.81
55,300 at 4.8%$290.14
55,300 at 4.81%$290.47
55,300 at 4.82%$290.81
55,300 at 4.83%$291.14
55,300 at 4.84%$291.48
55,300 at 4.85%$291.81
55,300 at 4.86%$292.15
55,300 at 4.87%$292.48
55,300 at 4.88%$292.82
55,300 at 4.89%$293.16
55,300 at 4.9%$293.49
55,300 at 4.91%$293.83
55,300 at 4.92%$294.16
55,300 at 4.93%$294.50
55,300 at 4.94%$294.84
55,300 at 4.95%$295.17
55,300 at 4.96%$295.51
55,300 at 4.97%$295.85
55,300 at 4.98%$296.19
55,300 at 4.99%$296.52
55,300 at 5%$296.86
Interest Rate 30 Year
55,300 at 5.01%$297.20
55,300 at 5.02%$297.54
55,300 at 5.03%$297.88
55,300 at 5.04%$298.22
55,300 at 5.05%$298.55
55,300 at 5.06%$298.89
55,300 at 5.07%$299.23
55,300 at 5.08%$299.57
55,300 at 5.09%$299.91
55,300 at 5.1%$300.25
55,300 at 5.11%$300.59
55,300 at 5.12%$300.93
55,300 at 5.13%$301.27
55,300 at 5.14%$301.61
55,300 at 5.15%$301.95
55,300 at 5.16%$302.29
55,300 at 5.17%$302.63
55,300 at 5.18%$302.98
55,300 at 5.19%$303.32
55,300 at 5.2%$303.66
55,300 at 5.21%$304.00
55,300 at 5.22%$304.34
55,300 at 5.23%$304.68
55,300 at 5.24%$305.03
55,300 at 5.25%$305.37
55,300 at 5.26%$305.71
55,300 at 5.27%$306.05
55,300 at 5.28%$306.40
55,300 at 5.29%$306.74
55,300 at 5.3%$307.08
55,300 at 5.31%$307.43
55,300 at 5.32%$307.77
55,300 at 5.33%$308.11
55,300 at 5.34%$308.46
55,300 at 5.35%$308.80
55,300 at 5.36%$309.15
55,300 at 5.37%$309.49
55,300 at 5.38%$309.84
55,300 at 5.39%$310.18
55,300 at 5.4%$310.53
55,300 at 5.41%$310.87
55,300 at 5.42%$311.22
55,300 at 5.43%$311.56
55,300 at 5.44%$311.91
55,300 at 5.45%$312.25
55,300 at 5.46%$312.60
55,300 at 5.47%$312.95
55,300 at 5.48%$313.29
55,300 at 5.49%$313.64
55,300 at 5.5%$313.99
55,300 at 5.51%$314.33
55,300 at 5.52%$314.68
55,300 at 5.53%$315.03
55,300 at 5.54%$315.38
55,300 at 5.55%$315.72
55,300 at 5.56%$316.07
55,300 at 5.57%$316.42
55,300 at 5.58%$316.77
55,300 at 5.59%$317.12
55,300 at 5.6%$317.47
55,300 at 5.61%$317.81
55,300 at 5.62%$318.16
55,300 at 5.63%$318.51
55,300 at 5.64%$318.86
55,300 at 5.65%$319.21
55,300 at 5.66%$319.56
55,300 at 5.67%$319.91
55,300 at 5.68%$320.26
55,300 at 5.69%$320.61
55,300 at 5.7%$320.96
55,300 at 5.71%$321.31
55,300 at 5.72%$321.66
55,300 at 5.73%$322.01
55,300 at 5.74%$322.36
55,300 at 5.75%$322.72
55,300 at 5.76%$323.07
55,300 at 5.77%$323.42
55,300 at 5.78%$323.77
55,300 at 5.79%$324.12
55,300 at 5.8%$324.47
55,300 at 5.81%$324.83
55,300 at 5.82%$325.18
55,300 at 5.83%$325.53
55,300 at 5.84%$325.88
55,300 at 5.85%$326.24
55,300 at 5.86%$326.59
55,300 at 5.87%$326.94
55,300 at 5.88%$327.30
55,300 at 5.89%$327.65
55,300 at 5.9%$328.00
55,300 at 5.91%$328.36
55,300 at 5.92%$328.71
55,300 at 5.93%$329.07
55,300 at 5.94%$329.42
55,300 at 5.95%$329.78
55,300 at 5.96%$330.13
55,300 at 5.97%$330.49
55,300 at 5.98%$330.84
55,300 at 5.99%$331.20
55,300 at 6%$331.55
55,300 at 6.01%$331.91
55,300 at 6.02%$332.26
55,300 at 6.03%$332.62
55,300 at 6.04%$332.97
55,300 at 6.05%$333.33
55,300 at 6.06%$333.69
55,300 at 6.07%$334.04
55,300 at 6.08%$334.40
55,300 at 6.09%$334.76
55,300 at 6.1%$335.12
55,300 at 6.11%$335.47
55,300 at 6.12%$335.83
55,300 at 6.13%$336.19
55,300 at 6.14%$336.55
55,300 at 6.15%$336.90
55,300 at 6.16%$337.26
55,300 at 6.17%$337.62
55,300 at 6.18%$337.98
55,300 at 6.19%$338.34
55,300 at 6.2%$338.70
55,300 at 6.21%$339.05
55,300 at 6.22%$339.41
55,300 at 6.23%$339.77
55,300 at 6.24%$340.13
55,300 at 6.25%$340.49
55,300 at 6.26%$340.85
55,300 at 6.27%$341.21
55,300 at 6.28%$341.57
55,300 at 6.29%$341.93
55,300 at 6.3%$342.29
55,300 at 6.31%$342.65
55,300 at 6.32%$343.01
55,300 at 6.33%$343.37
55,300 at 6.34%$343.74
55,300 at 6.35%$344.10
55,300 at 6.36%$344.46
55,300 at 6.37%$344.82
55,300 at 6.38%$345.18
55,300 at 6.39%$345.54
55,300 at 6.4%$345.90
55,300 at 6.41%$346.27
55,300 at 6.42%$346.63
55,300 at 6.43%$346.99
55,300 at 6.44%$347.35
55,300 at 6.45%$347.72
55,300 at 6.46%$348.08
55,300 at 6.47%$348.44
55,300 at 6.48%$348.81
55,300 at 6.49%$349.17
55,300 at 6.5%$349.53
Interest Rate 30 Year
55,300 at 6.51%$349.90
55,300 at 6.52%$350.26
55,300 at 6.53%$350.63
55,300 at 6.54%$350.99
55,300 at 6.55%$351.35
55,300 at 6.56%$351.72
55,300 at 6.57%$352.08
55,300 at 6.58%$352.45
55,300 at 6.59%$352.81
55,300 at 6.6%$353.18
55,300 at 6.61%$353.54
55,300 at 6.62%$353.91
55,300 at 6.63%$354.27
55,300 at 6.64%$354.64
55,300 at 6.65%$355.01
55,300 at 6.66%$355.37
55,300 at 6.67%$355.74
55,300 at 6.68%$356.11
55,300 at 6.69%$356.47
55,300 at 6.7%$356.84
55,300 at 6.71%$357.21
55,300 at 6.72%$357.57
55,300 at 6.73%$357.94
55,300 at 6.74%$358.31
55,300 at 6.75%$358.67
55,300 at 6.76%$359.04
55,300 at 6.77%$359.41
55,300 at 6.78%$359.78
55,300 at 6.79%$360.15
55,300 at 6.8%$360.51
55,300 at 6.81%$360.88
55,300 at 6.82%$361.25
55,300 at 6.83%$361.62
55,300 at 6.84%$361.99
55,300 at 6.85%$362.36
55,300 at 6.86%$362.73
55,300 at 6.87%$363.10
55,300 at 6.88%$363.47
55,300 at 6.89%$363.84
55,300 at 6.9%$364.21
55,300 at 6.91%$364.58
55,300 at 6.92%$364.95
55,300 at 6.93%$365.32
55,300 at 6.94%$365.69
55,300 at 6.95%$366.06
55,300 at 6.96%$366.43
55,300 at 6.97%$366.80
55,300 at 6.98%$367.17
55,300 at 6.99%$367.54
55,300 at 7%$367.91
55,300 at 7.01%$368.28
55,300 at 7.02%$368.66
55,300 at 7.03%$369.03
55,300 at 7.04%$369.40
55,300 at 7.05%$369.77
55,300 at 7.06%$370.14
55,300 at 7.07%$370.52
55,300 at 7.08%$370.89
55,300 at 7.09%$371.26
55,300 at 7.1%$371.63
55,300 at 7.11%$372.01
55,300 at 7.12%$372.38
55,300 at 7.13%$372.75
55,300 at 7.14%$373.13
55,300 at 7.15%$373.50
55,300 at 7.16%$373.87
55,300 at 7.17%$374.25
55,300 at 7.18%$374.62
55,300 at 7.19%$375.00
55,300 at 7.2%$375.37
55,300 at 7.21%$375.74
55,300 at 7.22%$376.12
55,300 at 7.23%$376.49
55,300 at 7.24%$376.87
55,300 at 7.25%$377.24
55,300 at 7.26%$377.62
55,300 at 7.27%$377.99
55,300 at 7.28%$378.37
55,300 at 7.29%$378.74
55,300 at 7.3%$379.12
55,300 at 7.31%$379.50
55,300 at 7.32%$379.87
55,300 at 7.33%$380.25
55,300 at 7.34%$380.63
55,300 at 7.35%$381.00
55,300 at 7.36%$381.38
55,300 at 7.37%$381.75
55,300 at 7.38%$382.13
55,300 at 7.39%$382.51
55,300 at 7.4%$382.89
55,300 at 7.41%$383.26
55,300 at 7.42%$383.64
55,300 at 7.43%$384.02
55,300 at 7.44%$384.40
55,300 at 7.45%$384.77
55,300 at 7.46%$385.15
55,300 at 7.47%$385.53
55,300 at 7.48%$385.91
55,300 at 7.49%$386.29
55,300 at 7.5%$386.67
55,300 at 7.51%$387.04
55,300 at 7.52%$387.42
55,300 at 7.53%$387.80
55,300 at 7.54%$388.18
55,300 at 7.55%$388.56
55,300 at 7.56%$388.94
55,300 at 7.57%$389.32
55,300 at 7.58%$389.70
55,300 at 7.59%$390.08
55,300 at 7.6%$390.46
55,300 at 7.61%$390.84
55,300 at 7.62%$391.22
55,300 at 7.63%$391.60
55,300 at 7.64%$391.98
55,300 at 7.65%$392.36
55,300 at 7.66%$392.74
55,300 at 7.67%$393.12
55,300 at 7.68%$393.50
55,300 at 7.69%$393.89
55,300 at 7.7%$394.27
55,300 at 7.71%$394.65
55,300 at 7.72%$395.03
55,300 at 7.73%$395.41
55,300 at 7.74%$395.79
55,300 at 7.75%$396.18
55,300 at 7.76%$396.56
55,300 at 7.77%$396.94
55,300 at 7.78%$397.32
55,300 at 7.79%$397.71
55,300 at 7.8%$398.09
55,300 at 7.81%$398.47
55,300 at 7.82%$398.85
55,300 at 7.83%$399.24
55,300 at 7.84%$399.62
55,300 at 7.85%$400.00
55,300 at 7.86%$400.39
55,300 at 7.87%$400.77
55,300 at 7.88%$401.16
55,300 at 7.89%$401.54
55,300 at 7.9%$401.92
55,300 at 7.91%$402.31
55,300 at 7.92%$402.69
55,300 at 7.93%$403.08
55,300 at 7.94%$403.46
55,300 at 7.95%$403.85
55,300 at 7.96%$404.23
55,300 at 7.97%$404.62
55,300 at 7.98%$405.00
55,300 at 7.99%$405.39
55,300 at 8%$405.77
More Amounts
What is the down payment for a $55,300 house? How much do you need to put down?
Percent Down Down Payment
1%553
2%1,106
3%1,659
4%2,212
5%2,765
6%3,318
7%3,871
8%4,424
9%4,977
10%5,530
11%6,083
12%6,636
13%7,189
14%7,742
15%8,295
16%8,848
17%9,401
18%9,954
19%10,507
20%11,060
Percent Down Down Payment
21%11,613
22%12,166
23%12,719
24%13,272
25%13,825
26%14,378
27%14,931
28%15,484
29%16,037
30%16,590
31%17,143
32%17,696
33%18,249
34%18,802
35%19,355
36%19,908
37%20,461
38%21,014
39%21,567
40%22,120
Percent Down Down Payment
41%22,673
42%23,226
43%23,779
44%24,332
45%24,885
46%25,438
47%25,991
48%26,544
49%27,097
50%27,650
51%28,203
52%28,756
53%29,309
54%29,862
55%30,415
56%30,968
57%31,521
58%32,074
59%32,627
60%33,180
Percent Down Down Payment
61%33,733
62%34,286
63%34,839
64%35,392
65%35,945
66%36,498
67%37,051
68%37,604
69%38,157
70%38,710
71%39,263
72%39,816
73%40,369
74%40,922
75%41,475
76%42,028
77%42,581
78%43,134
79%43,687
80%44,240
Percent Down Down Payment
81%44,793
82%45,346
83%45,899
84%46,452
85%47,005
86%47,558
87%48,111
88%48,664
89%49,217
90%49,770
91%50,323
92%50,876
93%51,429
94%51,982
95%52,535
96%53,088
97%53,641
98%54,194
99%54,747
100%55,300
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.