$60,800 Mortgage for 30 Years

What is the monthly payment of a 60,800 dollar loan?
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Loan Tables for a $60,800 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 61k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $60,800 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
60,800 at 2.01%$225.03
60,800 at 2.02%$225.34
60,800 at 2.03%$225.64
60,800 at 2.04%$225.95
60,800 at 2.05%$226.25
60,800 at 2.06%$226.56
60,800 at 2.07%$226.86
60,800 at 2.08%$227.17
60,800 at 2.09%$227.47
60,800 at 2.1%$227.78
60,800 at 2.11%$228.09
60,800 at 2.12%$228.39
60,800 at 2.13%$228.70
60,800 at 2.14%$229.01
60,800 at 2.15%$229.32
60,800 at 2.16%$229.62
60,800 at 2.17%$229.93
60,800 at 2.18%$230.24
60,800 at 2.19%$230.55
60,800 at 2.2%$230.86
60,800 at 2.21%$231.17
60,800 at 2.22%$231.48
60,800 at 2.23%$231.79
60,800 at 2.24%$232.10
60,800 at 2.25%$232.41
60,800 at 2.26%$232.72
60,800 at 2.27%$233.03
60,800 at 2.28%$233.34
60,800 at 2.29%$233.65
60,800 at 2.3%$233.96
60,800 at 2.31%$234.27
60,800 at 2.32%$234.58
60,800 at 2.33%$234.89
60,800 at 2.34%$235.21
60,800 at 2.35%$235.52
60,800 at 2.36%$235.83
60,800 at 2.37%$236.14
60,800 at 2.38%$236.46
60,800 at 2.39%$236.77
60,800 at 2.4%$237.08
60,800 at 2.41%$237.40
60,800 at 2.42%$237.71
60,800 at 2.43%$238.03
60,800 at 2.44%$238.34
60,800 at 2.45%$238.66
60,800 at 2.46%$238.97
60,800 at 2.47%$239.29
60,800 at 2.48%$239.60
60,800 at 2.49%$239.92
60,800 at 2.5%$240.23
60,800 at 2.51%$240.55
60,800 at 2.52%$240.87
60,800 at 2.53%$241.18
60,800 at 2.54%$241.50
60,800 at 2.55%$241.82
60,800 at 2.56%$242.13
60,800 at 2.57%$242.45
60,800 at 2.58%$242.77
60,800 at 2.59%$243.09
60,800 at 2.6%$243.41
60,800 at 2.61%$243.73
60,800 at 2.62%$244.04
60,800 at 2.63%$244.36
60,800 at 2.64%$244.68
60,800 at 2.65%$245.00
60,800 at 2.66%$245.32
60,800 at 2.67%$245.64
60,800 at 2.68%$245.96
60,800 at 2.69%$246.28
60,800 at 2.7%$246.60
60,800 at 2.71%$246.92
60,800 at 2.72%$247.25
60,800 at 2.73%$247.57
60,800 at 2.74%$247.89
60,800 at 2.75%$248.21
60,800 at 2.76%$248.53
60,800 at 2.77%$248.86
60,800 at 2.78%$249.18
60,800 at 2.79%$249.50
60,800 at 2.8%$249.82
60,800 at 2.81%$250.15
60,800 at 2.82%$250.47
60,800 at 2.83%$250.79
60,800 at 2.84%$251.12
60,800 at 2.85%$251.44
60,800 at 2.86%$251.77
60,800 at 2.87%$252.09
60,800 at 2.88%$252.42
60,800 at 2.89%$252.74
60,800 at 2.9%$253.07
60,800 at 2.91%$253.39
60,800 at 2.92%$253.72
60,800 at 2.93%$254.05
60,800 at 2.94%$254.37
60,800 at 2.95%$254.70
60,800 at 2.96%$255.03
60,800 at 2.97%$255.35
60,800 at 2.98%$255.68
60,800 at 2.99%$256.01
60,800 at 3%$256.34
60,800 at 3.01%$256.66
60,800 at 3.02%$256.99
60,800 at 3.03%$257.32
60,800 at 3.04%$257.65
60,800 at 3.05%$257.98
60,800 at 3.06%$258.31
60,800 at 3.07%$258.64
60,800 at 3.08%$258.97
60,800 at 3.09%$259.30
60,800 at 3.1%$259.63
60,800 at 3.11%$259.96
60,800 at 3.12%$260.29
60,800 at 3.13%$260.62
60,800 at 3.14%$260.95
60,800 at 3.15%$261.28
60,800 at 3.16%$261.61
60,800 at 3.17%$261.94
60,800 at 3.18%$262.28
60,800 at 3.19%$262.61
60,800 at 3.2%$262.94
60,800 at 3.21%$263.27
60,800 at 3.22%$263.61
60,800 at 3.23%$263.94
60,800 at 3.24%$264.27
60,800 at 3.25%$264.61
60,800 at 3.26%$264.94
60,800 at 3.27%$265.27
60,800 at 3.28%$265.61
60,800 at 3.29%$265.94
60,800 at 3.3%$266.28
60,800 at 3.31%$266.61
60,800 at 3.32%$266.95
60,800 at 3.33%$267.28
60,800 at 3.34%$267.62
60,800 at 3.35%$267.95
60,800 at 3.36%$268.29
60,800 at 3.37%$268.63
60,800 at 3.38%$268.96
60,800 at 3.39%$269.30
60,800 at 3.4%$269.64
60,800 at 3.41%$269.97
60,800 at 3.42%$270.31
60,800 at 3.43%$270.65
60,800 at 3.44%$270.99
60,800 at 3.45%$271.33
60,800 at 3.46%$271.66
60,800 at 3.47%$272.00
60,800 at 3.48%$272.34
60,800 at 3.49%$272.68
60,800 at 3.5%$273.02
Interest Rate 30 Year
60,800 at 3.51%$273.36
60,800 at 3.52%$273.70
60,800 at 3.53%$274.04
60,800 at 3.54%$274.38
60,800 at 3.55%$274.72
60,800 at 3.56%$275.06
60,800 at 3.57%$275.40
60,800 at 3.58%$275.74
60,800 at 3.59%$276.08
60,800 at 3.6%$276.42
60,800 at 3.61%$276.77
60,800 at 3.62%$277.11
60,800 at 3.63%$277.45
60,800 at 3.64%$277.79
60,800 at 3.65%$278.14
60,800 at 3.66%$278.48
60,800 at 3.67%$278.82
60,800 at 3.68%$279.16
60,800 at 3.69%$279.51
60,800 at 3.7%$279.85
60,800 at 3.71%$280.20
60,800 at 3.72%$280.54
60,800 at 3.73%$280.88
60,800 at 3.74%$281.23
60,800 at 3.75%$281.57
60,800 at 3.76%$281.92
60,800 at 3.77%$282.26
60,800 at 3.78%$282.61
60,800 at 3.79%$282.96
60,800 at 3.8%$283.30
60,800 at 3.81%$283.65
60,800 at 3.82%$283.99
60,800 at 3.83%$284.34
60,800 at 3.84%$284.69
60,800 at 3.85%$285.04
60,800 at 3.86%$285.38
60,800 at 3.87%$285.73
60,800 at 3.88%$286.08
60,800 at 3.89%$286.43
60,800 at 3.9%$286.77
60,800 at 3.91%$287.12
60,800 at 3.92%$287.47
60,800 at 3.93%$287.82
60,800 at 3.94%$288.17
60,800 at 3.95%$288.52
60,800 at 3.96%$288.87
60,800 at 3.97%$289.22
60,800 at 3.98%$289.57
60,800 at 3.99%$289.92
60,800 at 4%$290.27
60,800 at 4.01%$290.62
60,800 at 4.02%$290.97
60,800 at 4.03%$291.32
60,800 at 4.04%$291.67
60,800 at 4.05%$292.02
60,800 at 4.06%$292.38
60,800 at 4.07%$292.73
60,800 at 4.08%$293.08
60,800 at 4.09%$293.43
60,800 at 4.1%$293.78
60,800 at 4.11%$294.14
60,800 at 4.12%$294.49
60,800 at 4.13%$294.84
60,800 at 4.14%$295.20
60,800 at 4.15%$295.55
60,800 at 4.16%$295.90
60,800 at 4.17%$296.26
60,800 at 4.18%$296.61
60,800 at 4.19%$296.97
60,800 at 4.2%$297.32
60,800 at 4.21%$297.68
60,800 at 4.22%$298.03
60,800 at 4.23%$298.39
60,800 at 4.24%$298.74
60,800 at 4.25%$299.10
60,800 at 4.26%$299.46
60,800 at 4.27%$299.81
60,800 at 4.28%$300.17
60,800 at 4.29%$300.52
60,800 at 4.3%$300.88
60,800 at 4.31%$301.24
60,800 at 4.32%$301.60
60,800 at 4.33%$301.95
60,800 at 4.34%$302.31
60,800 at 4.35%$302.67
60,800 at 4.36%$303.03
60,800 at 4.37%$303.39
60,800 at 4.38%$303.74
60,800 at 4.39%$304.10
60,800 at 4.4%$304.46
60,800 at 4.41%$304.82
60,800 at 4.42%$305.18
60,800 at 4.43%$305.54
60,800 at 4.44%$305.90
60,800 at 4.45%$306.26
60,800 at 4.46%$306.62
60,800 at 4.47%$306.98
60,800 at 4.48%$307.34
60,800 at 4.49%$307.70
60,800 at 4.5%$308.06
60,800 at 4.51%$308.43
60,800 at 4.52%$308.79
60,800 at 4.53%$309.15
60,800 at 4.54%$309.51
60,800 at 4.55%$309.87
60,800 at 4.56%$310.24
60,800 at 4.57%$310.60
60,800 at 4.58%$310.96
60,800 at 4.59%$311.32
60,800 at 4.6%$311.69
60,800 at 4.61%$312.05
60,800 at 4.62%$312.41
60,800 at 4.63%$312.78
60,800 at 4.64%$313.14
60,800 at 4.65%$313.51
60,800 at 4.66%$313.87
60,800 at 4.67%$314.24
60,800 at 4.68%$314.60
60,800 at 4.69%$314.97
60,800 at 4.7%$315.33
60,800 at 4.71%$315.70
60,800 at 4.72%$316.06
60,800 at 4.73%$316.43
60,800 at 4.74%$316.80
60,800 at 4.75%$317.16
60,800 at 4.76%$317.53
60,800 at 4.77%$317.89
60,800 at 4.78%$318.26
60,800 at 4.79%$318.63
60,800 at 4.8%$319.00
60,800 at 4.81%$319.36
60,800 at 4.82%$319.73
60,800 at 4.83%$320.10
60,800 at 4.84%$320.47
60,800 at 4.85%$320.84
60,800 at 4.86%$321.21
60,800 at 4.87%$321.57
60,800 at 4.88%$321.94
60,800 at 4.89%$322.31
60,800 at 4.9%$322.68
60,800 at 4.91%$323.05
60,800 at 4.92%$323.42
60,800 at 4.93%$323.79
60,800 at 4.94%$324.16
60,800 at 4.95%$324.53
60,800 at 4.96%$324.90
60,800 at 4.97%$325.27
60,800 at 4.98%$325.64
60,800 at 4.99%$326.02
60,800 at 5%$326.39
Interest Rate 30 Year
60,800 at 5.01%$326.76
60,800 at 5.02%$327.13
60,800 at 5.03%$327.50
60,800 at 5.04%$327.88
60,800 at 5.05%$328.25
60,800 at 5.06%$328.62
60,800 at 5.07%$328.99
60,800 at 5.08%$329.37
60,800 at 5.09%$329.74
60,800 at 5.1%$330.11
60,800 at 5.11%$330.49
60,800 at 5.12%$330.86
60,800 at 5.13%$331.24
60,800 at 5.14%$331.61
60,800 at 5.15%$331.98
60,800 at 5.16%$332.36
60,800 at 5.17%$332.73
60,800 at 5.18%$333.11
60,800 at 5.19%$333.48
60,800 at 5.2%$333.86
60,800 at 5.21%$334.24
60,800 at 5.22%$334.61
60,800 at 5.23%$334.99
60,800 at 5.24%$335.36
60,800 at 5.25%$335.74
60,800 at 5.26%$336.12
60,800 at 5.27%$336.49
60,800 at 5.28%$336.87
60,800 at 5.29%$337.25
60,800 at 5.3%$337.63
60,800 at 5.31%$338.00
60,800 at 5.32%$338.38
60,800 at 5.33%$338.76
60,800 at 5.34%$339.14
60,800 at 5.35%$339.52
60,800 at 5.36%$339.89
60,800 at 5.37%$340.27
60,800 at 5.38%$340.65
60,800 at 5.39%$341.03
60,800 at 5.4%$341.41
60,800 at 5.41%$341.79
60,800 at 5.42%$342.17
60,800 at 5.43%$342.55
60,800 at 5.44%$342.93
60,800 at 5.45%$343.31
60,800 at 5.46%$343.69
60,800 at 5.47%$344.07
60,800 at 5.48%$344.45
60,800 at 5.49%$344.83
60,800 at 5.5%$345.22
60,800 at 5.51%$345.60
60,800 at 5.52%$345.98
60,800 at 5.53%$346.36
60,800 at 5.54%$346.74
60,800 at 5.55%$347.13
60,800 at 5.56%$347.51
60,800 at 5.57%$347.89
60,800 at 5.58%$348.27
60,800 at 5.59%$348.66
60,800 at 5.6%$349.04
60,800 at 5.61%$349.42
60,800 at 5.62%$349.81
60,800 at 5.63%$350.19
60,800 at 5.64%$350.58
60,800 at 5.65%$350.96
60,800 at 5.66%$351.34
60,800 at 5.67%$351.73
60,800 at 5.68%$352.11
60,800 at 5.69%$352.50
60,800 at 5.7%$352.88
60,800 at 5.71%$353.27
60,800 at 5.72%$353.65
60,800 at 5.73%$354.04
60,800 at 5.74%$354.43
60,800 at 5.75%$354.81
60,800 at 5.76%$355.20
60,800 at 5.77%$355.59
60,800 at 5.78%$355.97
60,800 at 5.79%$356.36
60,800 at 5.8%$356.75
60,800 at 5.81%$357.13
60,800 at 5.82%$357.52
60,800 at 5.83%$357.91
60,800 at 5.84%$358.30
60,800 at 5.85%$358.68
60,800 at 5.86%$359.07
60,800 at 5.87%$359.46
60,800 at 5.88%$359.85
60,800 at 5.89%$360.24
60,800 at 5.9%$360.63
60,800 at 5.91%$361.02
60,800 at 5.92%$361.41
60,800 at 5.93%$361.79
60,800 at 5.94%$362.18
60,800 at 5.95%$362.57
60,800 at 5.96%$362.96
60,800 at 5.97%$363.35
60,800 at 5.98%$363.75
60,800 at 5.99%$364.14
60,800 at 6%$364.53
60,800 at 6.01%$364.92
60,800 at 6.02%$365.31
60,800 at 6.03%$365.70
60,800 at 6.04%$366.09
60,800 at 6.05%$366.48
60,800 at 6.06%$366.88
60,800 at 6.07%$367.27
60,800 at 6.08%$367.66
60,800 at 6.09%$368.05
60,800 at 6.1%$368.44
60,800 at 6.11%$368.84
60,800 at 6.12%$369.23
60,800 at 6.13%$369.62
60,800 at 6.14%$370.02
60,800 at 6.15%$370.41
60,800 at 6.16%$370.80
60,800 at 6.17%$371.20
60,800 at 6.18%$371.59
60,800 at 6.19%$371.99
60,800 at 6.2%$372.38
60,800 at 6.21%$372.78
60,800 at 6.22%$373.17
60,800 at 6.23%$373.57
60,800 at 6.24%$373.96
60,800 at 6.25%$374.36
60,800 at 6.26%$374.75
60,800 at 6.27%$375.15
60,800 at 6.28%$375.54
60,800 at 6.29%$375.94
60,800 at 6.3%$376.34
60,800 at 6.31%$376.73
60,800 at 6.32%$377.13
60,800 at 6.33%$377.53
60,800 at 6.34%$377.92
60,800 at 6.35%$378.32
60,800 at 6.36%$378.72
60,800 at 6.37%$379.11
60,800 at 6.38%$379.51
60,800 at 6.39%$379.91
60,800 at 6.4%$380.31
60,800 at 6.41%$380.71
60,800 at 6.42%$381.10
60,800 at 6.43%$381.50
60,800 at 6.44%$381.90
60,800 at 6.45%$382.30
60,800 at 6.46%$382.70
60,800 at 6.47%$383.10
60,800 at 6.48%$383.50
60,800 at 6.49%$383.90
60,800 at 6.5%$384.30
Interest Rate 30 Year
60,800 at 6.51%$384.70
60,800 at 6.52%$385.10
60,800 at 6.53%$385.50
60,800 at 6.54%$385.90
60,800 at 6.55%$386.30
60,800 at 6.56%$386.70
60,800 at 6.57%$387.10
60,800 at 6.58%$387.50
60,800 at 6.59%$387.90
60,800 at 6.6%$388.30
60,800 at 6.61%$388.71
60,800 at 6.62%$389.11
60,800 at 6.63%$389.51
60,800 at 6.64%$389.91
60,800 at 6.65%$390.31
60,800 at 6.66%$390.72
60,800 at 6.67%$391.12
60,800 at 6.68%$391.52
60,800 at 6.69%$391.93
60,800 at 6.7%$392.33
60,800 at 6.71%$392.73
60,800 at 6.72%$393.14
60,800 at 6.73%$393.54
60,800 at 6.74%$393.94
60,800 at 6.75%$394.35
60,800 at 6.76%$394.75
60,800 at 6.77%$395.16
60,800 at 6.78%$395.56
60,800 at 6.79%$395.97
60,800 at 6.8%$396.37
60,800 at 6.81%$396.78
60,800 at 6.82%$397.18
60,800 at 6.83%$397.59
60,800 at 6.84%$397.99
60,800 at 6.85%$398.40
60,800 at 6.86%$398.80
60,800 at 6.87%$399.21
60,800 at 6.88%$399.62
60,800 at 6.89%$400.02
60,800 at 6.9%$400.43
60,800 at 6.91%$400.84
60,800 at 6.92%$401.24
60,800 at 6.93%$401.65
60,800 at 6.94%$402.06
60,800 at 6.95%$402.46
60,800 at 6.96%$402.87
60,800 at 6.97%$403.28
60,800 at 6.98%$403.69
60,800 at 6.99%$404.10
60,800 at 7%$404.50
60,800 at 7.01%$404.91
60,800 at 7.02%$405.32
60,800 at 7.03%$405.73
60,800 at 7.04%$406.14
60,800 at 7.05%$406.55
60,800 at 7.06%$406.96
60,800 at 7.07%$407.37
60,800 at 7.08%$407.78
60,800 at 7.09%$408.19
60,800 at 7.1%$408.60
60,800 at 7.11%$409.01
60,800 at 7.12%$409.42
60,800 at 7.13%$409.83
60,800 at 7.14%$410.24
60,800 at 7.15%$410.65
60,800 at 7.16%$411.06
60,800 at 7.17%$411.47
60,800 at 7.18%$411.88
60,800 at 7.19%$412.29
60,800 at 7.2%$412.70
60,800 at 7.21%$413.11
60,800 at 7.22%$413.53
60,800 at 7.23%$413.94
60,800 at 7.24%$414.35
60,800 at 7.25%$414.76
60,800 at 7.26%$415.18
60,800 at 7.27%$415.59
60,800 at 7.28%$416.00
60,800 at 7.29%$416.41
60,800 at 7.3%$416.83
60,800 at 7.31%$417.24
60,800 at 7.32%$417.65
60,800 at 7.33%$418.07
60,800 at 7.34%$418.48
60,800 at 7.35%$418.90
60,800 at 7.36%$419.31
60,800 at 7.37%$419.72
60,800 at 7.38%$420.14
60,800 at 7.39%$420.55
60,800 at 7.4%$420.97
60,800 at 7.41%$421.38
60,800 at 7.42%$421.80
60,800 at 7.43%$422.21
60,800 at 7.44%$422.63
60,800 at 7.45%$423.04
60,800 at 7.46%$423.46
60,800 at 7.47%$423.87
60,800 at 7.48%$424.29
60,800 at 7.49%$424.71
60,800 at 7.5%$425.12
60,800 at 7.51%$425.54
60,800 at 7.52%$425.96
60,800 at 7.53%$426.37
60,800 at 7.54%$426.79
60,800 at 7.55%$427.21
60,800 at 7.56%$427.62
60,800 at 7.57%$428.04
60,800 at 7.58%$428.46
60,800 at 7.59%$428.88
60,800 at 7.6%$429.29
60,800 at 7.61%$429.71
60,800 at 7.62%$430.13
60,800 at 7.63%$430.55
60,800 at 7.64%$430.97
60,800 at 7.65%$431.38
60,800 at 7.66%$431.80
60,800 at 7.67%$432.22
60,800 at 7.68%$432.64
60,800 at 7.69%$433.06
60,800 at 7.7%$433.48
60,800 at 7.71%$433.90
60,800 at 7.72%$434.32
60,800 at 7.73%$434.74
60,800 at 7.74%$435.16
60,800 at 7.75%$435.58
60,800 at 7.76%$436.00
60,800 at 7.77%$436.42
60,800 at 7.78%$436.84
60,800 at 7.79%$437.26
60,800 at 7.8%$437.68
60,800 at 7.81%$438.10
60,800 at 7.82%$438.52
60,800 at 7.83%$438.94
60,800 at 7.84%$439.37
60,800 at 7.85%$439.79
60,800 at 7.86%$440.21
60,800 at 7.87%$440.63
60,800 at 7.88%$441.05
60,800 at 7.89%$441.48
60,800 at 7.9%$441.90
60,800 at 7.91%$442.32
60,800 at 7.92%$442.74
60,800 at 7.93%$443.17
60,800 at 7.94%$443.59
60,800 at 7.95%$444.01
60,800 at 7.96%$444.43
60,800 at 7.97%$444.86
60,800 at 7.98%$445.28
60,800 at 7.99%$445.71
60,800 at 8%$446.13
More Amounts
What is the down payment for a $60,800 house? How much do you need to put down?
Percent Down Down Payment
1%608
2%1,216
3%1,824
4%2,432
5%3,040
6%3,648
7%4,256
8%4,864
9%5,472
10%6,080
11%6,688
12%7,296
13%7,904
14%8,512
15%9,120
16%9,728
17%10,336
18%10,944
19%11,552
20%12,160
Percent Down Down Payment
21%12,768
22%13,376
23%13,984
24%14,592
25%15,200
26%15,808
27%16,416
28%17,024
29%17,632
30%18,240
31%18,848
32%19,456
33%20,064
34%20,672
35%21,280
36%21,888
37%22,496
38%23,104
39%23,712
40%24,320
Percent Down Down Payment
41%24,928
42%25,536
43%26,144
44%26,752
45%27,360
46%27,968
47%28,576
48%29,184
49%29,792
50%30,400
51%31,008
52%31,616
53%32,224
54%32,832
55%33,440
56%34,048
57%34,656
58%35,264
59%35,872
60%36,480
Percent Down Down Payment
61%37,088
62%37,696
63%38,304
64%38,912
65%39,520
66%40,128
67%40,736
68%41,344
69%41,952
70%42,560
71%43,168
72%43,776
73%44,384
74%44,992
75%45,600
76%46,208
77%46,816
78%47,424
79%48,032
80%48,640
Percent Down Down Payment
81%49,248
82%49,856
83%50,464
84%51,072
85%51,680
86%52,288
87%52,896
88%53,504
89%54,112
90%54,720
91%55,328
92%55,936
93%56,544
94%57,152
95%57,760
96%58,368
97%58,976
98%59,584
99%60,192
100%60,800
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.