$64,050 Mortgage for 30 Years

What is the monthly payment of a 64,050 dollar loan?
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Loan Tables for a $64,050 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 64k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $64,050 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
64,050 at 2.01%$237.06
64,050 at 2.02%$237.38
64,050 at 2.03%$237.70
64,050 at 2.04%$238.02
64,050 at 2.05%$238.35
64,050 at 2.06%$238.67
64,050 at 2.07%$238.99
64,050 at 2.08%$239.31
64,050 at 2.09%$239.63
64,050 at 2.1%$239.96
64,050 at 2.11%$240.28
64,050 at 2.12%$240.60
64,050 at 2.13%$240.93
64,050 at 2.14%$241.25
64,050 at 2.15%$241.57
64,050 at 2.16%$241.90
64,050 at 2.17%$242.22
64,050 at 2.18%$242.55
64,050 at 2.19%$242.87
64,050 at 2.2%$243.20
64,050 at 2.21%$243.52
64,050 at 2.22%$243.85
64,050 at 2.23%$244.18
64,050 at 2.24%$244.50
64,050 at 2.25%$244.83
64,050 at 2.26%$245.16
64,050 at 2.27%$245.48
64,050 at 2.28%$245.81
64,050 at 2.29%$246.14
64,050 at 2.3%$246.47
64,050 at 2.31%$246.79
64,050 at 2.32%$247.12
64,050 at 2.33%$247.45
64,050 at 2.34%$247.78
64,050 at 2.35%$248.11
64,050 at 2.36%$248.44
64,050 at 2.37%$248.77
64,050 at 2.38%$249.10
64,050 at 2.39%$249.43
64,050 at 2.4%$249.76
64,050 at 2.41%$250.09
64,050 at 2.42%$250.42
64,050 at 2.43%$250.75
64,050 at 2.44%$251.08
64,050 at 2.45%$251.41
64,050 at 2.46%$251.74
64,050 at 2.47%$252.08
64,050 at 2.48%$252.41
64,050 at 2.49%$252.74
64,050 at 2.5%$253.07
64,050 at 2.51%$253.41
64,050 at 2.52%$253.74
64,050 at 2.53%$254.08
64,050 at 2.54%$254.41
64,050 at 2.55%$254.74
64,050 at 2.56%$255.08
64,050 at 2.57%$255.41
64,050 at 2.58%$255.75
64,050 at 2.59%$256.08
64,050 at 2.6%$256.42
64,050 at 2.61%$256.75
64,050 at 2.62%$257.09
64,050 at 2.63%$257.43
64,050 at 2.64%$257.76
64,050 at 2.65%$258.10
64,050 at 2.66%$258.44
64,050 at 2.67%$258.77
64,050 at 2.68%$259.11
64,050 at 2.69%$259.45
64,050 at 2.7%$259.79
64,050 at 2.71%$260.12
64,050 at 2.72%$260.46
64,050 at 2.73%$260.80
64,050 at 2.74%$261.14
64,050 at 2.75%$261.48
64,050 at 2.76%$261.82
64,050 at 2.77%$262.16
64,050 at 2.78%$262.50
64,050 at 2.79%$262.84
64,050 at 2.8%$263.18
64,050 at 2.81%$263.52
64,050 at 2.82%$263.86
64,050 at 2.83%$264.20
64,050 at 2.84%$264.54
64,050 at 2.85%$264.88
64,050 at 2.86%$265.23
64,050 at 2.87%$265.57
64,050 at 2.88%$265.91
64,050 at 2.89%$266.25
64,050 at 2.9%$266.60
64,050 at 2.91%$266.94
64,050 at 2.92%$267.28
64,050 at 2.93%$267.63
64,050 at 2.94%$267.97
64,050 at 2.95%$268.31
64,050 at 2.96%$268.66
64,050 at 2.97%$269.00
64,050 at 2.98%$269.35
64,050 at 2.99%$269.69
64,050 at 3%$270.04
64,050 at 3.01%$270.38
64,050 at 3.02%$270.73
64,050 at 3.03%$271.07
64,050 at 3.04%$271.42
64,050 at 3.05%$271.77
64,050 at 3.06%$272.11
64,050 at 3.07%$272.46
64,050 at 3.08%$272.81
64,050 at 3.09%$273.16
64,050 at 3.1%$273.50
64,050 at 3.11%$273.85
64,050 at 3.12%$274.20
64,050 at 3.13%$274.55
64,050 at 3.14%$274.90
64,050 at 3.15%$275.25
64,050 at 3.16%$275.60
64,050 at 3.17%$275.95
64,050 at 3.18%$276.29
64,050 at 3.19%$276.64
64,050 at 3.2%$277.00
64,050 at 3.21%$277.35
64,050 at 3.22%$277.70
64,050 at 3.23%$278.05
64,050 at 3.24%$278.40
64,050 at 3.25%$278.75
64,050 at 3.26%$279.10
64,050 at 3.27%$279.45
64,050 at 3.28%$279.81
64,050 at 3.29%$280.16
64,050 at 3.3%$280.51
64,050 at 3.31%$280.86
64,050 at 3.32%$281.22
64,050 at 3.33%$281.57
64,050 at 3.34%$281.92
64,050 at 3.35%$282.28
64,050 at 3.36%$282.63
64,050 at 3.37%$282.99
64,050 at 3.38%$283.34
64,050 at 3.39%$283.69
64,050 at 3.4%$284.05
64,050 at 3.41%$284.40
64,050 at 3.42%$284.76
64,050 at 3.43%$285.12
64,050 at 3.44%$285.47
64,050 at 3.45%$285.83
64,050 at 3.46%$286.18
64,050 at 3.47%$286.54
64,050 at 3.48%$286.90
64,050 at 3.49%$287.26
64,050 at 3.5%$287.61
Interest Rate 30 Year
64,050 at 3.51%$287.97
64,050 at 3.52%$288.33
64,050 at 3.53%$288.69
64,050 at 3.54%$289.05
64,050 at 3.55%$289.40
64,050 at 3.56%$289.76
64,050 at 3.57%$290.12
64,050 at 3.58%$290.48
64,050 at 3.59%$290.84
64,050 at 3.6%$291.20
64,050 at 3.61%$291.56
64,050 at 3.62%$291.92
64,050 at 3.63%$292.28
64,050 at 3.64%$292.64
64,050 at 3.65%$293.00
64,050 at 3.66%$293.36
64,050 at 3.67%$293.73
64,050 at 3.68%$294.09
64,050 at 3.69%$294.45
64,050 at 3.7%$294.81
64,050 at 3.71%$295.17
64,050 at 3.72%$295.54
64,050 at 3.73%$295.90
64,050 at 3.74%$296.26
64,050 at 3.75%$296.63
64,050 at 3.76%$296.99
64,050 at 3.77%$297.35
64,050 at 3.78%$297.72
64,050 at 3.79%$298.08
64,050 at 3.8%$298.45
64,050 at 3.81%$298.81
64,050 at 3.82%$299.18
64,050 at 3.83%$299.54
64,050 at 3.84%$299.91
64,050 at 3.85%$300.27
64,050 at 3.86%$300.64
64,050 at 3.87%$301.00
64,050 at 3.88%$301.37
64,050 at 3.89%$301.74
64,050 at 3.9%$302.10
64,050 at 3.91%$302.47
64,050 at 3.92%$302.84
64,050 at 3.93%$303.21
64,050 at 3.94%$303.57
64,050 at 3.95%$303.94
64,050 at 3.96%$304.31
64,050 at 3.97%$304.68
64,050 at 3.98%$305.05
64,050 at 3.99%$305.42
64,050 at 4%$305.78
64,050 at 4.01%$306.15
64,050 at 4.02%$306.52
64,050 at 4.03%$306.89
64,050 at 4.04%$307.26
64,050 at 4.05%$307.63
64,050 at 4.06%$308.00
64,050 at 4.07%$308.37
64,050 at 4.08%$308.75
64,050 at 4.09%$309.12
64,050 at 4.1%$309.49
64,050 at 4.11%$309.86
64,050 at 4.12%$310.23
64,050 at 4.13%$310.60
64,050 at 4.14%$310.98
64,050 at 4.15%$311.35
64,050 at 4.16%$311.72
64,050 at 4.17%$312.10
64,050 at 4.18%$312.47
64,050 at 4.19%$312.84
64,050 at 4.2%$313.22
64,050 at 4.21%$313.59
64,050 at 4.22%$313.96
64,050 at 4.23%$314.34
64,050 at 4.24%$314.71
64,050 at 4.25%$315.09
64,050 at 4.26%$315.46
64,050 at 4.27%$315.84
64,050 at 4.28%$316.21
64,050 at 4.29%$316.59
64,050 at 4.3%$316.97
64,050 at 4.31%$317.34
64,050 at 4.32%$317.72
64,050 at 4.33%$318.09
64,050 at 4.34%$318.47
64,050 at 4.35%$318.85
64,050 at 4.36%$319.23
64,050 at 4.37%$319.60
64,050 at 4.38%$319.98
64,050 at 4.39%$320.36
64,050 at 4.4%$320.74
64,050 at 4.41%$321.12
64,050 at 4.42%$321.49
64,050 at 4.43%$321.87
64,050 at 4.44%$322.25
64,050 at 4.45%$322.63
64,050 at 4.46%$323.01
64,050 at 4.47%$323.39
64,050 at 4.48%$323.77
64,050 at 4.49%$324.15
64,050 at 4.5%$324.53
64,050 at 4.51%$324.91
64,050 at 4.52%$325.29
64,050 at 4.53%$325.67
64,050 at 4.54%$326.06
64,050 at 4.55%$326.44
64,050 at 4.56%$326.82
64,050 at 4.57%$327.20
64,050 at 4.58%$327.58
64,050 at 4.59%$327.97
64,050 at 4.6%$328.35
64,050 at 4.61%$328.73
64,050 at 4.62%$329.11
64,050 at 4.63%$329.50
64,050 at 4.64%$329.88
64,050 at 4.65%$330.27
64,050 at 4.66%$330.65
64,050 at 4.67%$331.03
64,050 at 4.68%$331.42
64,050 at 4.69%$331.80
64,050 at 4.7%$332.19
64,050 at 4.71%$332.57
64,050 at 4.72%$332.96
64,050 at 4.73%$333.34
64,050 at 4.74%$333.73
64,050 at 4.75%$334.12
64,050 at 4.76%$334.50
64,050 at 4.77%$334.89
64,050 at 4.78%$335.27
64,050 at 4.79%$335.66
64,050 at 4.8%$336.05
64,050 at 4.81%$336.44
64,050 at 4.82%$336.82
64,050 at 4.83%$337.21
64,050 at 4.84%$337.60
64,050 at 4.85%$337.99
64,050 at 4.86%$338.37
64,050 at 4.87%$338.76
64,050 at 4.88%$339.15
64,050 at 4.89%$339.54
64,050 at 4.9%$339.93
64,050 at 4.91%$340.32
64,050 at 4.92%$340.71
64,050 at 4.93%$341.10
64,050 at 4.94%$341.49
64,050 at 4.95%$341.88
64,050 at 4.96%$342.27
64,050 at 4.97%$342.66
64,050 at 4.98%$343.05
64,050 at 4.99%$343.44
64,050 at 5%$343.83
Interest Rate 30 Year
64,050 at 5.01%$344.23
64,050 at 5.02%$344.62
64,050 at 5.03%$345.01
64,050 at 5.04%$345.40
64,050 at 5.05%$345.79
64,050 at 5.06%$346.19
64,050 at 5.07%$346.58
64,050 at 5.08%$346.97
64,050 at 5.09%$347.37
64,050 at 5.1%$347.76
64,050 at 5.11%$348.15
64,050 at 5.12%$348.55
64,050 at 5.13%$348.94
64,050 at 5.14%$349.34
64,050 at 5.15%$349.73
64,050 at 5.16%$350.12
64,050 at 5.17%$350.52
64,050 at 5.18%$350.91
64,050 at 5.19%$351.31
64,050 at 5.2%$351.71
64,050 at 5.21%$352.10
64,050 at 5.22%$352.50
64,050 at 5.23%$352.89
64,050 at 5.24%$353.29
64,050 at 5.25%$353.69
64,050 at 5.26%$354.08
64,050 at 5.27%$354.48
64,050 at 5.28%$354.88
64,050 at 5.29%$355.27
64,050 at 5.3%$355.67
64,050 at 5.31%$356.07
64,050 at 5.32%$356.47
64,050 at 5.33%$356.87
64,050 at 5.34%$357.27
64,050 at 5.35%$357.66
64,050 at 5.36%$358.06
64,050 at 5.37%$358.46
64,050 at 5.38%$358.86
64,050 at 5.39%$359.26
64,050 at 5.4%$359.66
64,050 at 5.41%$360.06
64,050 at 5.42%$360.46
64,050 at 5.43%$360.86
64,050 at 5.44%$361.26
64,050 at 5.45%$361.66
64,050 at 5.46%$362.06
64,050 at 5.47%$362.46
64,050 at 5.48%$362.87
64,050 at 5.49%$363.27
64,050 at 5.5%$363.67
64,050 at 5.51%$364.07
64,050 at 5.52%$364.47
64,050 at 5.53%$364.88
64,050 at 5.54%$365.28
64,050 at 5.55%$365.68
64,050 at 5.56%$366.08
64,050 at 5.57%$366.49
64,050 at 5.58%$366.89
64,050 at 5.59%$367.29
64,050 at 5.6%$367.70
64,050 at 5.61%$368.10
64,050 at 5.62%$368.51
64,050 at 5.63%$368.91
64,050 at 5.64%$369.31
64,050 at 5.65%$369.72
64,050 at 5.66%$370.12
64,050 at 5.67%$370.53
64,050 at 5.68%$370.94
64,050 at 5.69%$371.34
64,050 at 5.7%$371.75
64,050 at 5.71%$372.15
64,050 at 5.72%$372.56
64,050 at 5.73%$372.97
64,050 at 5.74%$373.37
64,050 at 5.75%$373.78
64,050 at 5.76%$374.19
64,050 at 5.77%$374.59
64,050 at 5.78%$375.00
64,050 at 5.79%$375.41
64,050 at 5.8%$375.82
64,050 at 5.81%$376.22
64,050 at 5.82%$376.63
64,050 at 5.83%$377.04
64,050 at 5.84%$377.45
64,050 at 5.85%$377.86
64,050 at 5.86%$378.27
64,050 at 5.87%$378.68
64,050 at 5.88%$379.08
64,050 at 5.89%$379.49
64,050 at 5.9%$379.90
64,050 at 5.91%$380.31
64,050 at 5.92%$380.72
64,050 at 5.93%$381.13
64,050 at 5.94%$381.54
64,050 at 5.95%$381.96
64,050 at 5.96%$382.37
64,050 at 5.97%$382.78
64,050 at 5.98%$383.19
64,050 at 5.99%$383.60
64,050 at 6%$384.01
64,050 at 6.01%$384.42
64,050 at 6.02%$384.84
64,050 at 6.03%$385.25
64,050 at 6.04%$385.66
64,050 at 6.05%$386.07
64,050 at 6.06%$386.49
64,050 at 6.07%$386.90
64,050 at 6.08%$387.31
64,050 at 6.09%$387.73
64,050 at 6.1%$388.14
64,050 at 6.11%$388.55
64,050 at 6.12%$388.97
64,050 at 6.13%$389.38
64,050 at 6.14%$389.80
64,050 at 6.15%$390.21
64,050 at 6.16%$390.63
64,050 at 6.17%$391.04
64,050 at 6.18%$391.46
64,050 at 6.19%$391.87
64,050 at 6.2%$392.29
64,050 at 6.21%$392.70
64,050 at 6.22%$393.12
64,050 at 6.23%$393.53
64,050 at 6.24%$393.95
64,050 at 6.25%$394.37
64,050 at 6.26%$394.78
64,050 at 6.27%$395.20
64,050 at 6.28%$395.62
64,050 at 6.29%$396.03
64,050 at 6.3%$396.45
64,050 at 6.31%$396.87
64,050 at 6.32%$397.29
64,050 at 6.33%$397.71
64,050 at 6.34%$398.12
64,050 at 6.35%$398.54
64,050 at 6.36%$398.96
64,050 at 6.37%$399.38
64,050 at 6.38%$399.80
64,050 at 6.39%$400.22
64,050 at 6.4%$400.64
64,050 at 6.41%$401.06
64,050 at 6.42%$401.48
64,050 at 6.43%$401.90
64,050 at 6.44%$402.32
64,050 at 6.45%$402.74
64,050 at 6.46%$403.16
64,050 at 6.47%$403.58
64,050 at 6.48%$404.00
64,050 at 6.49%$404.42
64,050 at 6.5%$404.84
Interest Rate 30 Year
64,050 at 6.51%$405.26
64,050 at 6.52%$405.68
64,050 at 6.53%$406.10
64,050 at 6.54%$406.53
64,050 at 6.55%$406.95
64,050 at 6.56%$407.37
64,050 at 6.57%$407.79
64,050 at 6.58%$408.22
64,050 at 6.59%$408.64
64,050 at 6.6%$409.06
64,050 at 6.61%$409.48
64,050 at 6.62%$409.91
64,050 at 6.63%$410.33
64,050 at 6.64%$410.75
64,050 at 6.65%$411.18
64,050 at 6.66%$411.60
64,050 at 6.67%$412.03
64,050 at 6.68%$412.45
64,050 at 6.69%$412.88
64,050 at 6.7%$413.30
64,050 at 6.71%$413.73
64,050 at 6.72%$414.15
64,050 at 6.73%$414.58
64,050 at 6.74%$415.00
64,050 at 6.75%$415.43
64,050 at 6.76%$415.85
64,050 at 6.77%$416.28
64,050 at 6.78%$416.71
64,050 at 6.79%$417.13
64,050 at 6.8%$417.56
64,050 at 6.81%$417.98
64,050 at 6.82%$418.41
64,050 at 6.83%$418.84
64,050 at 6.84%$419.27
64,050 at 6.85%$419.69
64,050 at 6.86%$420.12
64,050 at 6.87%$420.55
64,050 at 6.88%$420.98
64,050 at 6.89%$421.41
64,050 at 6.9%$421.83
64,050 at 6.91%$422.26
64,050 at 6.92%$422.69
64,050 at 6.93%$423.12
64,050 at 6.94%$423.55
64,050 at 6.95%$423.98
64,050 at 6.96%$424.41
64,050 at 6.97%$424.84
64,050 at 6.98%$425.27
64,050 at 6.99%$425.70
64,050 at 7%$426.13
64,050 at 7.01%$426.56
64,050 at 7.02%$426.99
64,050 at 7.03%$427.42
64,050 at 7.04%$427.85
64,050 at 7.05%$428.28
64,050 at 7.06%$428.71
64,050 at 7.07%$429.14
64,050 at 7.08%$429.57
64,050 at 7.09%$430.00
64,050 at 7.1%$430.44
64,050 at 7.11%$430.87
64,050 at 7.12%$431.30
64,050 at 7.13%$431.73
64,050 at 7.14%$432.17
64,050 at 7.15%$432.60
64,050 at 7.16%$433.03
64,050 at 7.17%$433.46
64,050 at 7.18%$433.90
64,050 at 7.19%$434.33
64,050 at 7.2%$434.76
64,050 at 7.21%$435.20
64,050 at 7.22%$435.63
64,050 at 7.23%$436.07
64,050 at 7.24%$436.50
64,050 at 7.25%$436.93
64,050 at 7.26%$437.37
64,050 at 7.27%$437.80
64,050 at 7.28%$438.24
64,050 at 7.29%$438.67
64,050 at 7.3%$439.11
64,050 at 7.31%$439.54
64,050 at 7.32%$439.98
64,050 at 7.33%$440.41
64,050 at 7.34%$440.85
64,050 at 7.35%$441.29
64,050 at 7.36%$441.72
64,050 at 7.37%$442.16
64,050 at 7.38%$442.60
64,050 at 7.39%$443.03
64,050 at 7.4%$443.47
64,050 at 7.41%$443.91
64,050 at 7.42%$444.34
64,050 at 7.43%$444.78
64,050 at 7.44%$445.22
64,050 at 7.45%$445.66
64,050 at 7.46%$446.09
64,050 at 7.47%$446.53
64,050 at 7.48%$446.97
64,050 at 7.49%$447.41
64,050 at 7.5%$447.85
64,050 at 7.51%$448.29
64,050 at 7.52%$448.72
64,050 at 7.53%$449.16
64,050 at 7.54%$449.60
64,050 at 7.55%$450.04
64,050 at 7.56%$450.48
64,050 at 7.57%$450.92
64,050 at 7.58%$451.36
64,050 at 7.59%$451.80
64,050 at 7.6%$452.24
64,050 at 7.61%$452.68
64,050 at 7.62%$453.12
64,050 at 7.63%$453.56
64,050 at 7.64%$454.00
64,050 at 7.65%$454.44
64,050 at 7.66%$454.89
64,050 at 7.67%$455.33
64,050 at 7.68%$455.77
64,050 at 7.69%$456.21
64,050 at 7.7%$456.65
64,050 at 7.71%$457.09
64,050 at 7.72%$457.53
64,050 at 7.73%$457.98
64,050 at 7.74%$458.42
64,050 at 7.75%$458.86
64,050 at 7.76%$459.30
64,050 at 7.77%$459.75
64,050 at 7.78%$460.19
64,050 at 7.79%$460.63
64,050 at 7.8%$461.08
64,050 at 7.81%$461.52
64,050 at 7.82%$461.96
64,050 at 7.83%$462.41
64,050 at 7.84%$462.85
64,050 at 7.85%$463.30
64,050 at 7.86%$463.74
64,050 at 7.87%$464.18
64,050 at 7.88%$464.63
64,050 at 7.89%$465.07
64,050 at 7.9%$465.52
64,050 at 7.91%$465.96
64,050 at 7.92%$466.41
64,050 at 7.93%$466.85
64,050 at 7.94%$467.30
64,050 at 7.95%$467.75
64,050 at 7.96%$468.19
64,050 at 7.97%$468.64
64,050 at 7.98%$469.08
64,050 at 7.99%$469.53
64,050 at 8%$469.98
More Amounts
What is the down payment for a $64,050 house? How much do you need to put down?
Percent Down Down Payment
1%641
2%1,281
3%1,922
4%2,562
5%3,203
6%3,843
7%4,484
8%5,124
9%5,765
10%6,405
11%7,046
12%7,686
13%8,327
14%8,967
15%9,608
16%10,248
17%10,889
18%11,529
19%12,170
20%12,810
Percent Down Down Payment
21%13,451
22%14,091
23%14,732
24%15,372
25%16,013
26%16,653
27%17,294
28%17,934
29%18,575
30%19,215
31%19,856
32%20,496
33%21,137
34%21,777
35%22,418
36%23,058
37%23,699
38%24,339
39%24,980
40%25,620
Percent Down Down Payment
41%26,261
42%26,901
43%27,542
44%28,182
45%28,823
46%29,463
47%30,104
48%30,744
49%31,385
50%32,025
51%32,666
52%33,306
53%33,947
54%34,587
55%35,228
56%35,868
57%36,509
58%37,149
59%37,790
60%38,430
Percent Down Down Payment
61%39,071
62%39,711
63%40,352
64%40,992
65%41,633
66%42,273
67%42,914
68%43,554
69%44,195
70%44,835
71%45,476
72%46,116
73%46,757
74%47,397
75%48,038
76%48,678
77%49,319
78%49,959
79%50,600
80%51,240
Percent Down Down Payment
81%51,881
82%52,521
83%53,162
84%53,802
85%54,443
86%55,083
87%55,724
88%56,364
89%57,005
90%57,645
91%58,286
92%58,926
93%59,567
94%60,207
95%60,848
96%61,488
97%62,129
98%62,769
99%63,410
100%64,050
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.