$64,550 Mortgage for 30 Years

What is the monthly payment of a 64,550 dollar loan?
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Loan Tables for a $64,550 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 65k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $64,550 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
64,550 at 2.01%$238.91
64,550 at 2.02%$239.24
64,550 at 2.03%$239.56
64,550 at 2.04%$239.88
64,550 at 2.05%$240.21
64,550 at 2.06%$240.53
64,550 at 2.07%$240.86
64,550 at 2.08%$241.18
64,550 at 2.09%$241.50
64,550 at 2.1%$241.83
64,550 at 2.11%$242.16
64,550 at 2.12%$242.48
64,550 at 2.13%$242.81
64,550 at 2.14%$243.13
64,550 at 2.15%$243.46
64,550 at 2.16%$243.79
64,550 at 2.17%$244.11
64,550 at 2.18%$244.44
64,550 at 2.19%$244.77
64,550 at 2.2%$245.10
64,550 at 2.21%$245.42
64,550 at 2.22%$245.75
64,550 at 2.23%$246.08
64,550 at 2.24%$246.41
64,550 at 2.25%$246.74
64,550 at 2.26%$247.07
64,550 at 2.27%$247.40
64,550 at 2.28%$247.73
64,550 at 2.29%$248.06
64,550 at 2.3%$248.39
64,550 at 2.31%$248.72
64,550 at 2.32%$249.05
64,550 at 2.33%$249.38
64,550 at 2.34%$249.71
64,550 at 2.35%$250.05
64,550 at 2.36%$250.38
64,550 at 2.37%$250.71
64,550 at 2.38%$251.04
64,550 at 2.39%$251.37
64,550 at 2.4%$251.71
64,550 at 2.41%$252.04
64,550 at 2.42%$252.37
64,550 at 2.43%$252.71
64,550 at 2.44%$253.04
64,550 at 2.45%$253.38
64,550 at 2.46%$253.71
64,550 at 2.47%$254.04
64,550 at 2.48%$254.38
64,550 at 2.49%$254.72
64,550 at 2.5%$255.05
64,550 at 2.51%$255.39
64,550 at 2.52%$255.72
64,550 at 2.53%$256.06
64,550 at 2.54%$256.40
64,550 at 2.55%$256.73
64,550 at 2.56%$257.07
64,550 at 2.57%$257.41
64,550 at 2.58%$257.74
64,550 at 2.59%$258.08
64,550 at 2.6%$258.42
64,550 at 2.61%$258.76
64,550 at 2.62%$259.10
64,550 at 2.63%$259.43
64,550 at 2.64%$259.77
64,550 at 2.65%$260.11
64,550 at 2.66%$260.45
64,550 at 2.67%$260.79
64,550 at 2.68%$261.13
64,550 at 2.69%$261.47
64,550 at 2.7%$261.81
64,550 at 2.71%$262.15
64,550 at 2.72%$262.50
64,550 at 2.73%$262.84
64,550 at 2.74%$263.18
64,550 at 2.75%$263.52
64,550 at 2.76%$263.86
64,550 at 2.77%$264.20
64,550 at 2.78%$264.55
64,550 at 2.79%$264.89
64,550 at 2.8%$265.23
64,550 at 2.81%$265.58
64,550 at 2.82%$265.92
64,550 at 2.83%$266.26
64,550 at 2.84%$266.61
64,550 at 2.85%$266.95
64,550 at 2.86%$267.30
64,550 at 2.87%$267.64
64,550 at 2.88%$267.99
64,550 at 2.89%$268.33
64,550 at 2.9%$268.68
64,550 at 2.91%$269.02
64,550 at 2.92%$269.37
64,550 at 2.93%$269.71
64,550 at 2.94%$270.06
64,550 at 2.95%$270.41
64,550 at 2.96%$270.75
64,550 at 2.97%$271.10
64,550 at 2.98%$271.45
64,550 at 2.99%$271.80
64,550 at 3%$272.15
64,550 at 3.01%$272.49
64,550 at 3.02%$272.84
64,550 at 3.03%$273.19
64,550 at 3.04%$273.54
64,550 at 3.05%$273.89
64,550 at 3.06%$274.24
64,550 at 3.07%$274.59
64,550 at 3.08%$274.94
64,550 at 3.09%$275.29
64,550 at 3.1%$275.64
64,550 at 3.11%$275.99
64,550 at 3.12%$276.34
64,550 at 3.13%$276.69
64,550 at 3.14%$277.04
64,550 at 3.15%$277.40
64,550 at 3.16%$277.75
64,550 at 3.17%$278.10
64,550 at 3.18%$278.45
64,550 at 3.19%$278.80
64,550 at 3.2%$279.16
64,550 at 3.21%$279.51
64,550 at 3.22%$279.86
64,550 at 3.23%$280.22
64,550 at 3.24%$280.57
64,550 at 3.25%$280.93
64,550 at 3.26%$281.28
64,550 at 3.27%$281.63
64,550 at 3.28%$281.99
64,550 at 3.29%$282.34
64,550 at 3.3%$282.70
64,550 at 3.31%$283.06
64,550 at 3.32%$283.41
64,550 at 3.33%$283.77
64,550 at 3.34%$284.12
64,550 at 3.35%$284.48
64,550 at 3.36%$284.84
64,550 at 3.37%$285.19
64,550 at 3.38%$285.55
64,550 at 3.39%$285.91
64,550 at 3.4%$286.27
64,550 at 3.41%$286.63
64,550 at 3.42%$286.98
64,550 at 3.43%$287.34
64,550 at 3.44%$287.70
64,550 at 3.45%$288.06
64,550 at 3.46%$288.42
64,550 at 3.47%$288.78
64,550 at 3.48%$289.14
64,550 at 3.49%$289.50
64,550 at 3.5%$289.86
Interest Rate 30 Year
64,550 at 3.51%$290.22
64,550 at 3.52%$290.58
64,550 at 3.53%$290.94
64,550 at 3.54%$291.30
64,550 at 3.55%$291.66
64,550 at 3.56%$292.02
64,550 at 3.57%$292.39
64,550 at 3.58%$292.75
64,550 at 3.59%$293.11
64,550 at 3.6%$293.47
64,550 at 3.61%$293.84
64,550 at 3.62%$294.20
64,550 at 3.63%$294.56
64,550 at 3.64%$294.93
64,550 at 3.65%$295.29
64,550 at 3.66%$295.65
64,550 at 3.67%$296.02
64,550 at 3.68%$296.38
64,550 at 3.69%$296.75
64,550 at 3.7%$297.11
64,550 at 3.71%$297.48
64,550 at 3.72%$297.84
64,550 at 3.73%$298.21
64,550 at 3.74%$298.57
64,550 at 3.75%$298.94
64,550 at 3.76%$299.31
64,550 at 3.77%$299.67
64,550 at 3.78%$300.04
64,550 at 3.79%$300.41
64,550 at 3.8%$300.78
64,550 at 3.81%$301.14
64,550 at 3.82%$301.51
64,550 at 3.83%$301.88
64,550 at 3.84%$302.25
64,550 at 3.85%$302.62
64,550 at 3.86%$302.98
64,550 at 3.87%$303.35
64,550 at 3.88%$303.72
64,550 at 3.89%$304.09
64,550 at 3.9%$304.46
64,550 at 3.91%$304.83
64,550 at 3.92%$305.20
64,550 at 3.93%$305.57
64,550 at 3.94%$305.94
64,550 at 3.95%$306.31
64,550 at 3.96%$306.68
64,550 at 3.97%$307.06
64,550 at 3.98%$307.43
64,550 at 3.99%$307.80
64,550 at 4%$308.17
64,550 at 4.01%$308.54
64,550 at 4.02%$308.92
64,550 at 4.03%$309.29
64,550 at 4.04%$309.66
64,550 at 4.05%$310.04
64,550 at 4.06%$310.41
64,550 at 4.07%$310.78
64,550 at 4.08%$311.16
64,550 at 4.09%$311.53
64,550 at 4.1%$311.90
64,550 at 4.11%$312.28
64,550 at 4.12%$312.65
64,550 at 4.13%$313.03
64,550 at 4.14%$313.40
64,550 at 4.15%$313.78
64,550 at 4.16%$314.16
64,550 at 4.17%$314.53
64,550 at 4.18%$314.91
64,550 at 4.19%$315.28
64,550 at 4.2%$315.66
64,550 at 4.21%$316.04
64,550 at 4.22%$316.41
64,550 at 4.23%$316.79
64,550 at 4.24%$317.17
64,550 at 4.25%$317.55
64,550 at 4.26%$317.93
64,550 at 4.27%$318.30
64,550 at 4.28%$318.68
64,550 at 4.29%$319.06
64,550 at 4.3%$319.44
64,550 at 4.31%$319.82
64,550 at 4.32%$320.20
64,550 at 4.33%$320.58
64,550 at 4.34%$320.96
64,550 at 4.35%$321.34
64,550 at 4.36%$321.72
64,550 at 4.37%$322.10
64,550 at 4.38%$322.48
64,550 at 4.39%$322.86
64,550 at 4.4%$323.24
64,550 at 4.41%$323.62
64,550 at 4.42%$324.00
64,550 at 4.43%$324.39
64,550 at 4.44%$324.77
64,550 at 4.45%$325.15
64,550 at 4.46%$325.53
64,550 at 4.47%$325.92
64,550 at 4.48%$326.30
64,550 at 4.49%$326.68
64,550 at 4.5%$327.07
64,550 at 4.51%$327.45
64,550 at 4.52%$327.83
64,550 at 4.53%$328.22
64,550 at 4.54%$328.60
64,550 at 4.55%$328.99
64,550 at 4.56%$329.37
64,550 at 4.57%$329.76
64,550 at 4.58%$330.14
64,550 at 4.59%$330.53
64,550 at 4.6%$330.91
64,550 at 4.61%$331.30
64,550 at 4.62%$331.68
64,550 at 4.63%$332.07
64,550 at 4.64%$332.46
64,550 at 4.65%$332.84
64,550 at 4.66%$333.23
64,550 at 4.67%$333.62
64,550 at 4.68%$334.01
64,550 at 4.69%$334.39
64,550 at 4.7%$334.78
64,550 at 4.71%$335.17
64,550 at 4.72%$335.56
64,550 at 4.73%$335.95
64,550 at 4.74%$336.33
64,550 at 4.75%$336.72
64,550 at 4.76%$337.11
64,550 at 4.77%$337.50
64,550 at 4.78%$337.89
64,550 at 4.79%$338.28
64,550 at 4.8%$338.67
64,550 at 4.81%$339.06
64,550 at 4.82%$339.45
64,550 at 4.83%$339.84
64,550 at 4.84%$340.23
64,550 at 4.85%$340.63
64,550 at 4.86%$341.02
64,550 at 4.87%$341.41
64,550 at 4.88%$341.80
64,550 at 4.89%$342.19
64,550 at 4.9%$342.58
64,550 at 4.91%$342.98
64,550 at 4.92%$343.37
64,550 at 4.93%$343.76
64,550 at 4.94%$344.16
64,550 at 4.95%$344.55
64,550 at 4.96%$344.94
64,550 at 4.97%$345.34
64,550 at 4.98%$345.73
64,550 at 4.99%$346.12
64,550 at 5%$346.52
Interest Rate 30 Year
64,550 at 5.01%$346.91
64,550 at 5.02%$347.31
64,550 at 5.03%$347.70
64,550 at 5.04%$348.10
64,550 at 5.05%$348.49
64,550 at 5.06%$348.89
64,550 at 5.07%$349.29
64,550 at 5.08%$349.68
64,550 at 5.09%$350.08
64,550 at 5.1%$350.47
64,550 at 5.11%$350.87
64,550 at 5.12%$351.27
64,550 at 5.13%$351.66
64,550 at 5.14%$352.06
64,550 at 5.15%$352.46
64,550 at 5.16%$352.86
64,550 at 5.17%$353.26
64,550 at 5.18%$353.65
64,550 at 5.19%$354.05
64,550 at 5.2%$354.45
64,550 at 5.21%$354.85
64,550 at 5.22%$355.25
64,550 at 5.23%$355.65
64,550 at 5.24%$356.05
64,550 at 5.25%$356.45
64,550 at 5.26%$356.85
64,550 at 5.27%$357.25
64,550 at 5.28%$357.65
64,550 at 5.29%$358.05
64,550 at 5.3%$358.45
64,550 at 5.31%$358.85
64,550 at 5.32%$359.25
64,550 at 5.33%$359.65
64,550 at 5.34%$360.05
64,550 at 5.35%$360.46
64,550 at 5.36%$360.86
64,550 at 5.37%$361.26
64,550 at 5.38%$361.66
64,550 at 5.39%$362.07
64,550 at 5.4%$362.47
64,550 at 5.41%$362.87
64,550 at 5.42%$363.27
64,550 at 5.43%$363.68
64,550 at 5.44%$364.08
64,550 at 5.45%$364.49
64,550 at 5.46%$364.89
64,550 at 5.47%$365.29
64,550 at 5.48%$365.70
64,550 at 5.49%$366.10
64,550 at 5.5%$366.51
64,550 at 5.51%$366.91
64,550 at 5.52%$367.32
64,550 at 5.53%$367.72
64,550 at 5.54%$368.13
64,550 at 5.55%$368.54
64,550 at 5.56%$368.94
64,550 at 5.57%$369.35
64,550 at 5.58%$369.75
64,550 at 5.59%$370.16
64,550 at 5.6%$370.57
64,550 at 5.61%$370.98
64,550 at 5.62%$371.38
64,550 at 5.63%$371.79
64,550 at 5.64%$372.20
64,550 at 5.65%$372.61
64,550 at 5.66%$373.01
64,550 at 5.67%$373.42
64,550 at 5.68%$373.83
64,550 at 5.69%$374.24
64,550 at 5.7%$374.65
64,550 at 5.71%$375.06
64,550 at 5.72%$375.47
64,550 at 5.73%$375.88
64,550 at 5.74%$376.29
64,550 at 5.75%$376.70
64,550 at 5.76%$377.11
64,550 at 5.77%$377.52
64,550 at 5.78%$377.93
64,550 at 5.79%$378.34
64,550 at 5.8%$378.75
64,550 at 5.81%$379.16
64,550 at 5.82%$379.57
64,550 at 5.83%$379.98
64,550 at 5.84%$380.39
64,550 at 5.85%$380.81
64,550 at 5.86%$381.22
64,550 at 5.87%$381.63
64,550 at 5.88%$382.04
64,550 at 5.89%$382.46
64,550 at 5.9%$382.87
64,550 at 5.91%$383.28
64,550 at 5.92%$383.70
64,550 at 5.93%$384.11
64,550 at 5.94%$384.52
64,550 at 5.95%$384.94
64,550 at 5.96%$385.35
64,550 at 5.97%$385.77
64,550 at 5.98%$386.18
64,550 at 5.99%$386.59
64,550 at 6%$387.01
64,550 at 6.01%$387.42
64,550 at 6.02%$387.84
64,550 at 6.03%$388.26
64,550 at 6.04%$388.67
64,550 at 6.05%$389.09
64,550 at 6.06%$389.50
64,550 at 6.07%$389.92
64,550 at 6.08%$390.34
64,550 at 6.09%$390.75
64,550 at 6.1%$391.17
64,550 at 6.11%$391.59
64,550 at 6.12%$392.00
64,550 at 6.13%$392.42
64,550 at 6.14%$392.84
64,550 at 6.15%$393.26
64,550 at 6.16%$393.67
64,550 at 6.17%$394.09
64,550 at 6.18%$394.51
64,550 at 6.19%$394.93
64,550 at 6.2%$395.35
64,550 at 6.21%$395.77
64,550 at 6.22%$396.19
64,550 at 6.23%$396.61
64,550 at 6.24%$397.03
64,550 at 6.25%$397.45
64,550 at 6.26%$397.87
64,550 at 6.27%$398.29
64,550 at 6.28%$398.71
64,550 at 6.29%$399.13
64,550 at 6.3%$399.55
64,550 at 6.31%$399.97
64,550 at 6.32%$400.39
64,550 at 6.33%$400.81
64,550 at 6.34%$401.23
64,550 at 6.35%$401.65
64,550 at 6.36%$402.07
64,550 at 6.37%$402.50
64,550 at 6.38%$402.92
64,550 at 6.39%$403.34
64,550 at 6.4%$403.76
64,550 at 6.41%$404.19
64,550 at 6.42%$404.61
64,550 at 6.43%$405.03
64,550 at 6.44%$405.46
64,550 at 6.45%$405.88
64,550 at 6.46%$406.30
64,550 at 6.47%$406.73
64,550 at 6.48%$407.15
64,550 at 6.49%$407.58
64,550 at 6.5%$408.00
Interest Rate 30 Year
64,550 at 6.51%$408.42
64,550 at 6.52%$408.85
64,550 at 6.53%$409.27
64,550 at 6.54%$409.70
64,550 at 6.55%$410.12
64,550 at 6.56%$410.55
64,550 at 6.57%$410.98
64,550 at 6.58%$411.40
64,550 at 6.59%$411.83
64,550 at 6.6%$412.25
64,550 at 6.61%$412.68
64,550 at 6.62%$413.11
64,550 at 6.63%$413.53
64,550 at 6.64%$413.96
64,550 at 6.65%$414.39
64,550 at 6.66%$414.82
64,550 at 6.67%$415.24
64,550 at 6.68%$415.67
64,550 at 6.69%$416.10
64,550 at 6.7%$416.53
64,550 at 6.71%$416.96
64,550 at 6.72%$417.38
64,550 at 6.73%$417.81
64,550 at 6.74%$418.24
64,550 at 6.75%$418.67
64,550 at 6.76%$419.10
64,550 at 6.77%$419.53
64,550 at 6.78%$419.96
64,550 at 6.79%$420.39
64,550 at 6.8%$420.82
64,550 at 6.81%$421.25
64,550 at 6.82%$421.68
64,550 at 6.83%$422.11
64,550 at 6.84%$422.54
64,550 at 6.85%$422.97
64,550 at 6.86%$423.40
64,550 at 6.87%$423.83
64,550 at 6.88%$424.26
64,550 at 6.89%$424.69
64,550 at 6.9%$425.13
64,550 at 6.91%$425.56
64,550 at 6.92%$425.99
64,550 at 6.93%$426.42
64,550 at 6.94%$426.85
64,550 at 6.95%$427.29
64,550 at 6.96%$427.72
64,550 at 6.97%$428.15
64,550 at 6.98%$428.59
64,550 at 6.99%$429.02
64,550 at 7%$429.45
64,550 at 7.01%$429.89
64,550 at 7.02%$430.32
64,550 at 7.03%$430.75
64,550 at 7.04%$431.19
64,550 at 7.05%$431.62
64,550 at 7.06%$432.06
64,550 at 7.07%$432.49
64,550 at 7.08%$432.93
64,550 at 7.09%$433.36
64,550 at 7.1%$433.80
64,550 at 7.11%$434.23
64,550 at 7.12%$434.67
64,550 at 7.13%$435.10
64,550 at 7.14%$435.54
64,550 at 7.15%$435.98
64,550 at 7.16%$436.41
64,550 at 7.17%$436.85
64,550 at 7.18%$437.28
64,550 at 7.19%$437.72
64,550 at 7.2%$438.16
64,550 at 7.21%$438.59
64,550 at 7.22%$439.03
64,550 at 7.23%$439.47
64,550 at 7.24%$439.91
64,550 at 7.25%$440.34
64,550 at 7.26%$440.78
64,550 at 7.27%$441.22
64,550 at 7.28%$441.66
64,550 at 7.29%$442.10
64,550 at 7.3%$442.54
64,550 at 7.31%$442.97
64,550 at 7.32%$443.41
64,550 at 7.33%$443.85
64,550 at 7.34%$444.29
64,550 at 7.35%$444.73
64,550 at 7.36%$445.17
64,550 at 7.37%$445.61
64,550 at 7.38%$446.05
64,550 at 7.39%$446.49
64,550 at 7.4%$446.93
64,550 at 7.41%$447.37
64,550 at 7.42%$447.81
64,550 at 7.43%$448.25
64,550 at 7.44%$448.69
64,550 at 7.45%$449.13
64,550 at 7.46%$449.58
64,550 at 7.47%$450.02
64,550 at 7.48%$450.46
64,550 at 7.49%$450.90
64,550 at 7.5%$451.34
64,550 at 7.51%$451.79
64,550 at 7.52%$452.23
64,550 at 7.53%$452.67
64,550 at 7.54%$453.11
64,550 at 7.55%$453.56
64,550 at 7.56%$454.00
64,550 at 7.57%$454.44
64,550 at 7.58%$454.88
64,550 at 7.59%$455.33
64,550 at 7.6%$455.77
64,550 at 7.61%$456.21
64,550 at 7.62%$456.66
64,550 at 7.63%$457.10
64,550 at 7.64%$457.55
64,550 at 7.65%$457.99
64,550 at 7.66%$458.44
64,550 at 7.67%$458.88
64,550 at 7.68%$459.33
64,550 at 7.69%$459.77
64,550 at 7.7%$460.22
64,550 at 7.71%$460.66
64,550 at 7.72%$461.11
64,550 at 7.73%$461.55
64,550 at 7.74%$462.00
64,550 at 7.75%$462.44
64,550 at 7.76%$462.89
64,550 at 7.77%$463.34
64,550 at 7.78%$463.78
64,550 at 7.79%$464.23
64,550 at 7.8%$464.68
64,550 at 7.81%$465.12
64,550 at 7.82%$465.57
64,550 at 7.83%$466.02
64,550 at 7.84%$466.47
64,550 at 7.85%$466.91
64,550 at 7.86%$467.36
64,550 at 7.87%$467.81
64,550 at 7.88%$468.26
64,550 at 7.89%$468.70
64,550 at 7.9%$469.15
64,550 at 7.91%$469.60
64,550 at 7.92%$470.05
64,550 at 7.93%$470.50
64,550 at 7.94%$470.95
64,550 at 7.95%$471.40
64,550 at 7.96%$471.85
64,550 at 7.97%$472.30
64,550 at 7.98%$472.75
64,550 at 7.99%$473.20
64,550 at 8%$473.65
More Amounts
What is the down payment for a $64,550 house? How much do you need to put down?
Percent Down Down Payment
1%646
2%1,291
3%1,937
4%2,582
5%3,228
6%3,873
7%4,519
8%5,164
9%5,810
10%6,455
11%7,101
12%7,746
13%8,392
14%9,037
15%9,683
16%10,328
17%10,974
18%11,619
19%12,265
20%12,910
Percent Down Down Payment
21%13,556
22%14,201
23%14,847
24%15,492
25%16,138
26%16,783
27%17,429
28%18,074
29%18,720
30%19,365
31%20,011
32%20,656
33%21,302
34%21,947
35%22,593
36%23,238
37%23,884
38%24,529
39%25,175
40%25,820
Percent Down Down Payment
41%26,466
42%27,111
43%27,757
44%28,402
45%29,048
46%29,693
47%30,339
48%30,984
49%31,630
50%32,275
51%32,921
52%33,566
53%34,212
54%34,857
55%35,503
56%36,148
57%36,794
58%37,439
59%38,085
60%38,730
Percent Down Down Payment
61%39,376
62%40,021
63%40,667
64%41,312
65%41,958
66%42,603
67%43,249
68%43,894
69%44,540
70%45,185
71%45,831
72%46,476
73%47,122
74%47,767
75%48,413
76%49,058
77%49,704
78%50,349
79%50,995
80%51,640
Percent Down Down Payment
81%52,286
82%52,931
83%53,577
84%54,222
85%54,868
86%55,513
87%56,159
88%56,804
89%57,450
90%58,095
91%58,741
92%59,386
93%60,032
94%60,677
95%61,323
96%61,968
97%62,614
98%63,259
99%63,905
100%64,550
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.