$56,950 Mortgage for 30 Years

What is the monthly payment of a 56,950 dollar loan?
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Loan Tables for a $56,950 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 57k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $56,950 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
56,950 at 2.01%$210.78
56,950 at 2.02%$211.07
56,950 at 2.03%$211.35
56,950 at 2.04%$211.64
56,950 at 2.05%$211.93
56,950 at 2.06%$212.21
56,950 at 2.07%$212.50
56,950 at 2.08%$212.78
56,950 at 2.09%$213.07
56,950 at 2.1%$213.36
56,950 at 2.11%$213.64
56,950 at 2.12%$213.93
56,950 at 2.13%$214.22
56,950 at 2.14%$214.51
56,950 at 2.15%$214.80
56,950 at 2.16%$215.08
56,950 at 2.17%$215.37
56,950 at 2.18%$215.66
56,950 at 2.19%$215.95
56,950 at 2.2%$216.24
56,950 at 2.21%$216.53
56,950 at 2.22%$216.82
56,950 at 2.23%$217.11
56,950 at 2.24%$217.40
56,950 at 2.25%$217.69
56,950 at 2.26%$217.98
56,950 at 2.27%$218.27
56,950 at 2.28%$218.56
56,950 at 2.29%$218.85
56,950 at 2.3%$219.14
56,950 at 2.31%$219.44
56,950 at 2.32%$219.73
56,950 at 2.33%$220.02
56,950 at 2.34%$220.31
56,950 at 2.35%$220.61
56,950 at 2.36%$220.90
56,950 at 2.37%$221.19
56,950 at 2.38%$221.48
56,950 at 2.39%$221.78
56,950 at 2.4%$222.07
56,950 at 2.41%$222.37
56,950 at 2.42%$222.66
56,950 at 2.43%$222.95
56,950 at 2.44%$223.25
56,950 at 2.45%$223.54
56,950 at 2.46%$223.84
56,950 at 2.47%$224.13
56,950 at 2.48%$224.43
56,950 at 2.49%$224.73
56,950 at 2.5%$225.02
56,950 at 2.51%$225.32
56,950 at 2.52%$225.61
56,950 at 2.53%$225.91
56,950 at 2.54%$226.21
56,950 at 2.55%$226.50
56,950 at 2.56%$226.80
56,950 at 2.57%$227.10
56,950 at 2.58%$227.40
56,950 at 2.59%$227.70
56,950 at 2.6%$227.99
56,950 at 2.61%$228.29
56,950 at 2.62%$228.59
56,950 at 2.63%$228.89
56,950 at 2.64%$229.19
56,950 at 2.65%$229.49
56,950 at 2.66%$229.79
56,950 at 2.67%$230.09
56,950 at 2.68%$230.39
56,950 at 2.69%$230.69
56,950 at 2.7%$230.99
56,950 at 2.71%$231.29
56,950 at 2.72%$231.59
56,950 at 2.73%$231.89
56,950 at 2.74%$232.19
56,950 at 2.75%$232.49
56,950 at 2.76%$232.80
56,950 at 2.77%$233.10
56,950 at 2.78%$233.40
56,950 at 2.79%$233.70
56,950 at 2.8%$234.00
56,950 at 2.81%$234.31
56,950 at 2.82%$234.61
56,950 at 2.83%$234.91
56,950 at 2.84%$235.22
56,950 at 2.85%$235.52
56,950 at 2.86%$235.82
56,950 at 2.87%$236.13
56,950 at 2.88%$236.43
56,950 at 2.89%$236.74
56,950 at 2.9%$237.04
56,950 at 2.91%$237.35
56,950 at 2.92%$237.65
56,950 at 2.93%$237.96
56,950 at 2.94%$238.26
56,950 at 2.95%$238.57
56,950 at 2.96%$238.88
56,950 at 2.97%$239.18
56,950 at 2.98%$239.49
56,950 at 2.99%$239.80
56,950 at 3%$240.10
56,950 at 3.01%$240.41
56,950 at 3.02%$240.72
56,950 at 3.03%$241.03
56,950 at 3.04%$241.33
56,950 at 3.05%$241.64
56,950 at 3.06%$241.95
56,950 at 3.07%$242.26
56,950 at 3.08%$242.57
56,950 at 3.09%$242.88
56,950 at 3.1%$243.19
56,950 at 3.11%$243.50
56,950 at 3.12%$243.80
56,950 at 3.13%$244.11
56,950 at 3.14%$244.42
56,950 at 3.15%$244.74
56,950 at 3.16%$245.05
56,950 at 3.17%$245.36
56,950 at 3.18%$245.67
56,950 at 3.19%$245.98
56,950 at 3.2%$246.29
56,950 at 3.21%$246.60
56,950 at 3.22%$246.91
56,950 at 3.23%$247.23
56,950 at 3.24%$247.54
56,950 at 3.25%$247.85
56,950 at 3.26%$248.16
56,950 at 3.27%$248.48
56,950 at 3.28%$248.79
56,950 at 3.29%$249.10
56,950 at 3.3%$249.42
56,950 at 3.31%$249.73
56,950 at 3.32%$250.04
56,950 at 3.33%$250.36
56,950 at 3.34%$250.67
56,950 at 3.35%$250.99
56,950 at 3.36%$251.30
56,950 at 3.37%$251.62
56,950 at 3.38%$251.93
56,950 at 3.39%$252.25
56,950 at 3.4%$252.56
56,950 at 3.41%$252.88
56,950 at 3.42%$253.19
56,950 at 3.43%$253.51
56,950 at 3.44%$253.83
56,950 at 3.45%$254.14
56,950 at 3.46%$254.46
56,950 at 3.47%$254.78
56,950 at 3.48%$255.10
56,950 at 3.49%$255.41
56,950 at 3.5%$255.73
Interest Rate 30 Year
56,950 at 3.51%$256.05
56,950 at 3.52%$256.37
56,950 at 3.53%$256.69
56,950 at 3.54%$257.00
56,950 at 3.55%$257.32
56,950 at 3.56%$257.64
56,950 at 3.57%$257.96
56,950 at 3.58%$258.28
56,950 at 3.59%$258.60
56,950 at 3.6%$258.92
56,950 at 3.61%$259.24
56,950 at 3.62%$259.56
56,950 at 3.63%$259.88
56,950 at 3.64%$260.20
56,950 at 3.65%$260.52
56,950 at 3.66%$260.84
56,950 at 3.67%$261.17
56,950 at 3.68%$261.49
56,950 at 3.69%$261.81
56,950 at 3.7%$262.13
56,950 at 3.71%$262.45
56,950 at 3.72%$262.78
56,950 at 3.73%$263.10
56,950 at 3.74%$263.42
56,950 at 3.75%$263.74
56,950 at 3.76%$264.07
56,950 at 3.77%$264.39
56,950 at 3.78%$264.71
56,950 at 3.79%$265.04
56,950 at 3.8%$265.36
56,950 at 3.81%$265.69
56,950 at 3.82%$266.01
56,950 at 3.83%$266.34
56,950 at 3.84%$266.66
56,950 at 3.85%$266.99
56,950 at 3.86%$267.31
56,950 at 3.87%$267.64
56,950 at 3.88%$267.96
56,950 at 3.89%$268.29
56,950 at 3.9%$268.62
56,950 at 3.91%$268.94
56,950 at 3.92%$269.27
56,950 at 3.93%$269.59
56,950 at 3.94%$269.92
56,950 at 3.95%$270.25
56,950 at 3.96%$270.58
56,950 at 3.97%$270.90
56,950 at 3.98%$271.23
56,950 at 3.99%$271.56
56,950 at 4%$271.89
56,950 at 4.01%$272.22
56,950 at 4.02%$272.55
56,950 at 4.03%$272.87
56,950 at 4.04%$273.20
56,950 at 4.05%$273.53
56,950 at 4.06%$273.86
56,950 at 4.07%$274.19
56,950 at 4.08%$274.52
56,950 at 4.09%$274.85
56,950 at 4.1%$275.18
56,950 at 4.11%$275.51
56,950 at 4.12%$275.84
56,950 at 4.13%$276.17
56,950 at 4.14%$276.50
56,950 at 4.15%$276.84
56,950 at 4.16%$277.17
56,950 at 4.17%$277.50
56,950 at 4.18%$277.83
56,950 at 4.19%$278.16
56,950 at 4.2%$278.50
56,950 at 4.21%$278.83
56,950 at 4.22%$279.16
56,950 at 4.23%$279.49
56,950 at 4.24%$279.83
56,950 at 4.25%$280.16
56,950 at 4.26%$280.49
56,950 at 4.27%$280.83
56,950 at 4.28%$281.16
56,950 at 4.29%$281.49
56,950 at 4.3%$281.83
56,950 at 4.31%$282.16
56,950 at 4.32%$282.50
56,950 at 4.33%$282.83
56,950 at 4.34%$283.17
56,950 at 4.35%$283.50
56,950 at 4.36%$283.84
56,950 at 4.37%$284.18
56,950 at 4.38%$284.51
56,950 at 4.39%$284.85
56,950 at 4.4%$285.18
56,950 at 4.41%$285.52
56,950 at 4.42%$285.86
56,950 at 4.43%$286.19
56,950 at 4.44%$286.53
56,950 at 4.45%$286.87
56,950 at 4.46%$287.21
56,950 at 4.47%$287.54
56,950 at 4.48%$287.88
56,950 at 4.49%$288.22
56,950 at 4.5%$288.56
56,950 at 4.51%$288.90
56,950 at 4.52%$289.23
56,950 at 4.53%$289.57
56,950 at 4.54%$289.91
56,950 at 4.55%$290.25
56,950 at 4.56%$290.59
56,950 at 4.57%$290.93
56,950 at 4.58%$291.27
56,950 at 4.59%$291.61
56,950 at 4.6%$291.95
56,950 at 4.61%$292.29
56,950 at 4.62%$292.63
56,950 at 4.63%$292.97
56,950 at 4.64%$293.31
56,950 at 4.65%$293.66
56,950 at 4.66%$294.00
56,950 at 4.67%$294.34
56,950 at 4.68%$294.68
56,950 at 4.69%$295.02
56,950 at 4.7%$295.36
56,950 at 4.71%$295.71
56,950 at 4.72%$296.05
56,950 at 4.73%$296.39
56,950 at 4.74%$296.73
56,950 at 4.75%$297.08
56,950 at 4.76%$297.42
56,950 at 4.77%$297.77
56,950 at 4.78%$298.11
56,950 at 4.79%$298.45
56,950 at 4.8%$298.80
56,950 at 4.81%$299.14
56,950 at 4.82%$299.49
56,950 at 4.83%$299.83
56,950 at 4.84%$300.18
56,950 at 4.85%$300.52
56,950 at 4.86%$300.87
56,950 at 4.87%$301.21
56,950 at 4.88%$301.56
56,950 at 4.89%$301.90
56,950 at 4.9%$302.25
56,950 at 4.91%$302.60
56,950 at 4.92%$302.94
56,950 at 4.93%$303.29
56,950 at 4.94%$303.64
56,950 at 4.95%$303.98
56,950 at 4.96%$304.33
56,950 at 4.97%$304.68
56,950 at 4.98%$305.02
56,950 at 4.99%$305.37
56,950 at 5%$305.72
Interest Rate 30 Year
56,950 at 5.01%$306.07
56,950 at 5.02%$306.42
56,950 at 5.03%$306.76
56,950 at 5.04%$307.11
56,950 at 5.05%$307.46
56,950 at 5.06%$307.81
56,950 at 5.07%$308.16
56,950 at 5.08%$308.51
56,950 at 5.09%$308.86
56,950 at 5.1%$309.21
56,950 at 5.11%$309.56
56,950 at 5.12%$309.91
56,950 at 5.13%$310.26
56,950 at 5.14%$310.61
56,950 at 5.15%$310.96
56,950 at 5.16%$311.31
56,950 at 5.17%$311.66
56,950 at 5.18%$312.02
56,950 at 5.19%$312.37
56,950 at 5.2%$312.72
56,950 at 5.21%$313.07
56,950 at 5.22%$313.42
56,950 at 5.23%$313.77
56,950 at 5.24%$314.13
56,950 at 5.25%$314.48
56,950 at 5.26%$314.83
56,950 at 5.27%$315.19
56,950 at 5.28%$315.54
56,950 at 5.29%$315.89
56,950 at 5.3%$316.25
56,950 at 5.31%$316.60
56,950 at 5.32%$316.95
56,950 at 5.33%$317.31
56,950 at 5.34%$317.66
56,950 at 5.35%$318.02
56,950 at 5.36%$318.37
56,950 at 5.37%$318.73
56,950 at 5.38%$319.08
56,950 at 5.39%$319.44
56,950 at 5.4%$319.79
56,950 at 5.41%$320.15
56,950 at 5.42%$320.50
56,950 at 5.43%$320.86
56,950 at 5.44%$321.22
56,950 at 5.45%$321.57
56,950 at 5.46%$321.93
56,950 at 5.47%$322.28
56,950 at 5.48%$322.64
56,950 at 5.49%$323.00
56,950 at 5.5%$323.36
56,950 at 5.51%$323.71
56,950 at 5.52%$324.07
56,950 at 5.53%$324.43
56,950 at 5.54%$324.79
56,950 at 5.55%$325.14
56,950 at 5.56%$325.50
56,950 at 5.57%$325.86
56,950 at 5.58%$326.22
56,950 at 5.59%$326.58
56,950 at 5.6%$326.94
56,950 at 5.61%$327.30
56,950 at 5.62%$327.66
56,950 at 5.63%$328.02
56,950 at 5.64%$328.38
56,950 at 5.65%$328.74
56,950 at 5.66%$329.10
56,950 at 5.67%$329.46
56,950 at 5.68%$329.82
56,950 at 5.69%$330.18
56,950 at 5.7%$330.54
56,950 at 5.71%$330.90
56,950 at 5.72%$331.26
56,950 at 5.73%$331.62
56,950 at 5.74%$331.98
56,950 at 5.75%$332.34
56,950 at 5.76%$332.71
56,950 at 5.77%$333.07
56,950 at 5.78%$333.43
56,950 at 5.79%$333.79
56,950 at 5.8%$334.16
56,950 at 5.81%$334.52
56,950 at 5.82%$334.88
56,950 at 5.83%$335.24
56,950 at 5.84%$335.61
56,950 at 5.85%$335.97
56,950 at 5.86%$336.33
56,950 at 5.87%$336.70
56,950 at 5.88%$337.06
56,950 at 5.89%$337.43
56,950 at 5.9%$337.79
56,950 at 5.91%$338.16
56,950 at 5.92%$338.52
56,950 at 5.93%$338.89
56,950 at 5.94%$339.25
56,950 at 5.95%$339.62
56,950 at 5.96%$339.98
56,950 at 5.97%$340.35
56,950 at 5.98%$340.71
56,950 at 5.99%$341.08
56,950 at 6%$341.44
56,950 at 6.01%$341.81
56,950 at 6.02%$342.18
56,950 at 6.03%$342.54
56,950 at 6.04%$342.91
56,950 at 6.05%$343.28
56,950 at 6.06%$343.64
56,950 at 6.07%$344.01
56,950 at 6.08%$344.38
56,950 at 6.09%$344.75
56,950 at 6.1%$345.11
56,950 at 6.11%$345.48
56,950 at 6.12%$345.85
56,950 at 6.13%$346.22
56,950 at 6.14%$346.59
56,950 at 6.15%$346.96
56,950 at 6.16%$347.32
56,950 at 6.17%$347.69
56,950 at 6.18%$348.06
56,950 at 6.19%$348.43
56,950 at 6.2%$348.80
56,950 at 6.21%$349.17
56,950 at 6.22%$349.54
56,950 at 6.23%$349.91
56,950 at 6.24%$350.28
56,950 at 6.25%$350.65
56,950 at 6.26%$351.02
56,950 at 6.27%$351.39
56,950 at 6.28%$351.76
56,950 at 6.29%$352.13
56,950 at 6.3%$352.51
56,950 at 6.31%$352.88
56,950 at 6.32%$353.25
56,950 at 6.33%$353.62
56,950 at 6.34%$353.99
56,950 at 6.35%$354.36
56,950 at 6.36%$354.74
56,950 at 6.37%$355.11
56,950 at 6.38%$355.48
56,950 at 6.39%$355.85
56,950 at 6.4%$356.23
56,950 at 6.41%$356.60
56,950 at 6.42%$356.97
56,950 at 6.43%$357.35
56,950 at 6.44%$357.72
56,950 at 6.45%$358.09
56,950 at 6.46%$358.47
56,950 at 6.47%$358.84
56,950 at 6.48%$359.21
56,950 at 6.49%$359.59
56,950 at 6.5%$359.96
Interest Rate 30 Year
56,950 at 6.51%$360.34
56,950 at 6.52%$360.71
56,950 at 6.53%$361.09
56,950 at 6.54%$361.46
56,950 at 6.55%$361.84
56,950 at 6.56%$362.21
56,950 at 6.57%$362.59
56,950 at 6.58%$362.96
56,950 at 6.59%$363.34
56,950 at 6.6%$363.72
56,950 at 6.61%$364.09
56,950 at 6.62%$364.47
56,950 at 6.63%$364.85
56,950 at 6.64%$365.22
56,950 at 6.65%$365.60
56,950 at 6.66%$365.98
56,950 at 6.67%$366.35
56,950 at 6.68%$366.73
56,950 at 6.69%$367.11
56,950 at 6.7%$367.49
56,950 at 6.71%$367.86
56,950 at 6.72%$368.24
56,950 at 6.73%$368.62
56,950 at 6.74%$369.00
56,950 at 6.75%$369.38
56,950 at 6.76%$369.76
56,950 at 6.77%$370.13
56,950 at 6.78%$370.51
56,950 at 6.79%$370.89
56,950 at 6.8%$371.27
56,950 at 6.81%$371.65
56,950 at 6.82%$372.03
56,950 at 6.83%$372.41
56,950 at 6.84%$372.79
56,950 at 6.85%$373.17
56,950 at 6.86%$373.55
56,950 at 6.87%$373.93
56,950 at 6.88%$374.31
56,950 at 6.89%$374.69
56,950 at 6.9%$375.07
56,950 at 6.91%$375.45
56,950 at 6.92%$375.83
56,950 at 6.93%$376.22
56,950 at 6.94%$376.60
56,950 at 6.95%$376.98
56,950 at 6.96%$377.36
56,950 at 6.97%$377.74
56,950 at 6.98%$378.13
56,950 at 6.99%$378.51
56,950 at 7%$378.89
56,950 at 7.01%$379.27
56,950 at 7.02%$379.66
56,950 at 7.03%$380.04
56,950 at 7.04%$380.42
56,950 at 7.05%$380.80
56,950 at 7.06%$381.19
56,950 at 7.07%$381.57
56,950 at 7.08%$381.95
56,950 at 7.09%$382.34
56,950 at 7.1%$382.72
56,950 at 7.11%$383.11
56,950 at 7.12%$383.49
56,950 at 7.13%$383.87
56,950 at 7.14%$384.26
56,950 at 7.15%$384.64
56,950 at 7.16%$385.03
56,950 at 7.17%$385.41
56,950 at 7.18%$385.80
56,950 at 7.19%$386.18
56,950 at 7.2%$386.57
56,950 at 7.21%$386.96
56,950 at 7.22%$387.34
56,950 at 7.23%$387.73
56,950 at 7.24%$388.11
56,950 at 7.25%$388.50
56,950 at 7.26%$388.89
56,950 at 7.27%$389.27
56,950 at 7.28%$389.66
56,950 at 7.29%$390.05
56,950 at 7.3%$390.43
56,950 at 7.31%$390.82
56,950 at 7.32%$391.21
56,950 at 7.33%$391.59
56,950 at 7.34%$391.98
56,950 at 7.35%$392.37
56,950 at 7.36%$392.76
56,950 at 7.37%$393.15
56,950 at 7.38%$393.53
56,950 at 7.39%$393.92
56,950 at 7.4%$394.31
56,950 at 7.41%$394.70
56,950 at 7.42%$395.09
56,950 at 7.43%$395.48
56,950 at 7.44%$395.87
56,950 at 7.45%$396.25
56,950 at 7.46%$396.64
56,950 at 7.47%$397.03
56,950 at 7.48%$397.42
56,950 at 7.49%$397.81
56,950 at 7.5%$398.20
56,950 at 7.51%$398.59
56,950 at 7.52%$398.98
56,950 at 7.53%$399.37
56,950 at 7.54%$399.76
56,950 at 7.55%$400.15
56,950 at 7.56%$400.55
56,950 at 7.57%$400.94
56,950 at 7.58%$401.33
56,950 at 7.59%$401.72
56,950 at 7.6%$402.11
56,950 at 7.61%$402.50
56,950 at 7.62%$402.89
56,950 at 7.63%$403.28
56,950 at 7.64%$403.68
56,950 at 7.65%$404.07
56,950 at 7.66%$404.46
56,950 at 7.67%$404.85
56,950 at 7.68%$405.25
56,950 at 7.69%$405.64
56,950 at 7.7%$406.03
56,950 at 7.71%$406.42
56,950 at 7.72%$406.82
56,950 at 7.73%$407.21
56,950 at 7.74%$407.60
56,950 at 7.75%$408.00
56,950 at 7.76%$408.39
56,950 at 7.77%$408.78
56,950 at 7.78%$409.18
56,950 at 7.79%$409.57
56,950 at 7.8%$409.97
56,950 at 7.81%$410.36
56,950 at 7.82%$410.76
56,950 at 7.83%$411.15
56,950 at 7.84%$411.54
56,950 at 7.85%$411.94
56,950 at 7.86%$412.33
56,950 at 7.87%$412.73
56,950 at 7.88%$413.12
56,950 at 7.89%$413.52
56,950 at 7.9%$413.92
56,950 at 7.91%$414.31
56,950 at 7.92%$414.71
56,950 at 7.93%$415.10
56,950 at 7.94%$415.50
56,950 at 7.95%$415.90
56,950 at 7.96%$416.29
56,950 at 7.97%$416.69
56,950 at 7.98%$417.09
56,950 at 7.99%$417.48
56,950 at 8%$417.88
More Amounts
What is the down payment for a $56,950 house? How much do you need to put down?
Percent Down Down Payment
1%570
2%1,139
3%1,709
4%2,278
5%2,848
6%3,417
7%3,987
8%4,556
9%5,126
10%5,695
11%6,265
12%6,834
13%7,404
14%7,973
15%8,543
16%9,112
17%9,682
18%10,251
19%10,821
20%11,390
Percent Down Down Payment
21%11,960
22%12,529
23%13,099
24%13,668
25%14,238
26%14,807
27%15,377
28%15,946
29%16,516
30%17,085
31%17,655
32%18,224
33%18,794
34%19,363
35%19,933
36%20,502
37%21,072
38%21,641
39%22,211
40%22,780
Percent Down Down Payment
41%23,350
42%23,919
43%24,489
44%25,058
45%25,628
46%26,197
47%26,767
48%27,336
49%27,906
50%28,475
51%29,045
52%29,614
53%30,184
54%30,753
55%31,323
56%31,892
57%32,462
58%33,031
59%33,601
60%34,170
Percent Down Down Payment
61%34,740
62%35,309
63%35,879
64%36,448
65%37,018
66%37,587
67%38,157
68%38,726
69%39,296
70%39,865
71%40,435
72%41,004
73%41,574
74%42,143
75%42,713
76%43,282
77%43,852
78%44,421
79%44,991
80%45,560
Percent Down Down Payment
81%46,130
82%46,699
83%47,269
84%47,838
85%48,408
86%48,977
87%49,547
88%50,116
89%50,686
90%51,255
91%51,825
92%52,394
93%52,964
94%53,533
95%54,103
96%54,672
97%55,242
98%55,811
99%56,381
100%56,950
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.