$67,950 Mortgage for 30 Years

What is the monthly payment of a 67,950 dollar loan?
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Loan Tables for a $67,950 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 68k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $67,950 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
67,950 at 2.01%$251.50
67,950 at 2.02%$251.84
67,950 at 2.03%$252.18
67,950 at 2.04%$252.52
67,950 at 2.05%$252.86
67,950 at 2.06%$253.20
67,950 at 2.07%$253.54
67,950 at 2.08%$253.88
67,950 at 2.09%$254.23
67,950 at 2.1%$254.57
67,950 at 2.11%$254.91
67,950 at 2.12%$255.25
67,950 at 2.13%$255.60
67,950 at 2.14%$255.94
67,950 at 2.15%$256.28
67,950 at 2.16%$256.63
67,950 at 2.17%$256.97
67,950 at 2.18%$257.32
67,950 at 2.19%$257.66
67,950 at 2.2%$258.01
67,950 at 2.21%$258.35
67,950 at 2.22%$258.70
67,950 at 2.23%$259.04
67,950 at 2.24%$259.39
67,950 at 2.25%$259.74
67,950 at 2.26%$260.08
67,950 at 2.27%$260.43
67,950 at 2.28%$260.78
67,950 at 2.29%$261.12
67,950 at 2.3%$261.47
67,950 at 2.31%$261.82
67,950 at 2.32%$262.17
67,950 at 2.33%$262.52
67,950 at 2.34%$262.87
67,950 at 2.35%$263.22
67,950 at 2.36%$263.56
67,950 at 2.37%$263.91
67,950 at 2.38%$264.26
67,950 at 2.39%$264.61
67,950 at 2.4%$264.97
67,950 at 2.41%$265.32
67,950 at 2.42%$265.67
67,950 at 2.43%$266.02
67,950 at 2.44%$266.37
67,950 at 2.45%$266.72
67,950 at 2.46%$267.07
67,950 at 2.47%$267.43
67,950 at 2.48%$267.78
67,950 at 2.49%$268.13
67,950 at 2.5%$268.48
67,950 at 2.51%$268.84
67,950 at 2.52%$269.19
67,950 at 2.53%$269.55
67,950 at 2.54%$269.90
67,950 at 2.55%$270.25
67,950 at 2.56%$270.61
67,950 at 2.57%$270.96
67,950 at 2.58%$271.32
67,950 at 2.59%$271.68
67,950 at 2.6%$272.03
67,950 at 2.61%$272.39
67,950 at 2.62%$272.74
67,950 at 2.63%$273.10
67,950 at 2.64%$273.46
67,950 at 2.65%$273.81
67,950 at 2.66%$274.17
67,950 at 2.67%$274.53
67,950 at 2.68%$274.89
67,950 at 2.69%$275.25
67,950 at 2.7%$275.60
67,950 at 2.71%$275.96
67,950 at 2.72%$276.32
67,950 at 2.73%$276.68
67,950 at 2.74%$277.04
67,950 at 2.75%$277.40
67,950 at 2.76%$277.76
67,950 at 2.77%$278.12
67,950 at 2.78%$278.48
67,950 at 2.79%$278.84
67,950 at 2.8%$279.20
67,950 at 2.81%$279.56
67,950 at 2.82%$279.93
67,950 at 2.83%$280.29
67,950 at 2.84%$280.65
67,950 at 2.85%$281.01
67,950 at 2.86%$281.37
67,950 at 2.87%$281.74
67,950 at 2.88%$282.10
67,950 at 2.89%$282.46
67,950 at 2.9%$282.83
67,950 at 2.91%$283.19
67,950 at 2.92%$283.56
67,950 at 2.93%$283.92
67,950 at 2.94%$284.29
67,950 at 2.95%$284.65
67,950 at 2.96%$285.02
67,950 at 2.97%$285.38
67,950 at 2.98%$285.75
67,950 at 2.99%$286.11
67,950 at 3%$286.48
67,950 at 3.01%$286.85
67,950 at 3.02%$287.21
67,950 at 3.03%$287.58
67,950 at 3.04%$287.95
67,950 at 3.05%$288.32
67,950 at 3.06%$288.68
67,950 at 3.07%$289.05
67,950 at 3.08%$289.42
67,950 at 3.09%$289.79
67,950 at 3.1%$290.16
67,950 at 3.11%$290.53
67,950 at 3.12%$290.90
67,950 at 3.13%$291.27
67,950 at 3.14%$291.64
67,950 at 3.15%$292.01
67,950 at 3.16%$292.38
67,950 at 3.17%$292.75
67,950 at 3.18%$293.12
67,950 at 3.19%$293.49
67,950 at 3.2%$293.86
67,950 at 3.21%$294.23
67,950 at 3.22%$294.61
67,950 at 3.23%$294.98
67,950 at 3.24%$295.35
67,950 at 3.25%$295.72
67,950 at 3.26%$296.10
67,950 at 3.27%$296.47
67,950 at 3.28%$296.84
67,950 at 3.29%$297.22
67,950 at 3.3%$297.59
67,950 at 3.31%$297.96
67,950 at 3.32%$298.34
67,950 at 3.33%$298.71
67,950 at 3.34%$299.09
67,950 at 3.35%$299.46
67,950 at 3.36%$299.84
67,950 at 3.37%$300.22
67,950 at 3.38%$300.59
67,950 at 3.39%$300.97
67,950 at 3.4%$301.35
67,950 at 3.41%$301.72
67,950 at 3.42%$302.10
67,950 at 3.43%$302.48
67,950 at 3.44%$302.85
67,950 at 3.45%$303.23
67,950 at 3.46%$303.61
67,950 at 3.47%$303.99
67,950 at 3.48%$304.37
67,950 at 3.49%$304.75
67,950 at 3.5%$305.13
Interest Rate 30 Year
67,950 at 3.51%$305.51
67,950 at 3.52%$305.88
67,950 at 3.53%$306.26
67,950 at 3.54%$306.65
67,950 at 3.55%$307.03
67,950 at 3.56%$307.41
67,950 at 3.57%$307.79
67,950 at 3.58%$308.17
67,950 at 3.59%$308.55
67,950 at 3.6%$308.93
67,950 at 3.61%$309.31
67,950 at 3.62%$309.70
67,950 at 3.63%$310.08
67,950 at 3.64%$310.46
67,950 at 3.65%$310.84
67,950 at 3.66%$311.23
67,950 at 3.67%$311.61
67,950 at 3.68%$311.99
67,950 at 3.69%$312.38
67,950 at 3.7%$312.76
67,950 at 3.71%$313.15
67,950 at 3.72%$313.53
67,950 at 3.73%$313.92
67,950 at 3.74%$314.30
67,950 at 3.75%$314.69
67,950 at 3.76%$315.07
67,950 at 3.77%$315.46
67,950 at 3.78%$315.84
67,950 at 3.79%$316.23
67,950 at 3.8%$316.62
67,950 at 3.81%$317.00
67,950 at 3.82%$317.39
67,950 at 3.83%$317.78
67,950 at 3.84%$318.17
67,950 at 3.85%$318.56
67,950 at 3.86%$318.94
67,950 at 3.87%$319.33
67,950 at 3.88%$319.72
67,950 at 3.89%$320.11
67,950 at 3.9%$320.50
67,950 at 3.91%$320.89
67,950 at 3.92%$321.28
67,950 at 3.93%$321.67
67,950 at 3.94%$322.06
67,950 at 3.95%$322.45
67,950 at 3.96%$322.84
67,950 at 3.97%$323.23
67,950 at 3.98%$323.62
67,950 at 3.99%$324.01
67,950 at 4%$324.40
67,950 at 4.01%$324.80
67,950 at 4.02%$325.19
67,950 at 4.03%$325.58
67,950 at 4.04%$325.97
67,950 at 4.05%$326.37
67,950 at 4.06%$326.76
67,950 at 4.07%$327.15
67,950 at 4.08%$327.55
67,950 at 4.09%$327.94
67,950 at 4.1%$328.33
67,950 at 4.11%$328.73
67,950 at 4.12%$329.12
67,950 at 4.13%$329.52
67,950 at 4.14%$329.91
67,950 at 4.15%$330.31
67,950 at 4.16%$330.70
67,950 at 4.17%$331.10
67,950 at 4.18%$331.49
67,950 at 4.19%$331.89
67,950 at 4.2%$332.29
67,950 at 4.21%$332.68
67,950 at 4.22%$333.08
67,950 at 4.23%$333.48
67,950 at 4.24%$333.88
67,950 at 4.25%$334.27
67,950 at 4.26%$334.67
67,950 at 4.27%$335.07
67,950 at 4.28%$335.47
67,950 at 4.29%$335.87
67,950 at 4.3%$336.27
67,950 at 4.31%$336.66
67,950 at 4.32%$337.06
67,950 at 4.33%$337.46
67,950 at 4.34%$337.86
67,950 at 4.35%$338.26
67,950 at 4.36%$338.66
67,950 at 4.37%$339.06
67,950 at 4.38%$339.46
67,950 at 4.39%$339.87
67,950 at 4.4%$340.27
67,950 at 4.41%$340.67
67,950 at 4.42%$341.07
67,950 at 4.43%$341.47
67,950 at 4.44%$341.87
67,950 at 4.45%$342.28
67,950 at 4.46%$342.68
67,950 at 4.47%$343.08
67,950 at 4.48%$343.49
67,950 at 4.49%$343.89
67,950 at 4.5%$344.29
67,950 at 4.51%$344.70
67,950 at 4.52%$345.10
67,950 at 4.53%$345.50
67,950 at 4.54%$345.91
67,950 at 4.55%$346.31
67,950 at 4.56%$346.72
67,950 at 4.57%$347.12
67,950 at 4.58%$347.53
67,950 at 4.59%$347.94
67,950 at 4.6%$348.34
67,950 at 4.61%$348.75
67,950 at 4.62%$349.15
67,950 at 4.63%$349.56
67,950 at 4.64%$349.97
67,950 at 4.65%$350.38
67,950 at 4.66%$350.78
67,950 at 4.67%$351.19
67,950 at 4.68%$351.60
67,950 at 4.69%$352.01
67,950 at 4.7%$352.41
67,950 at 4.71%$352.82
67,950 at 4.72%$353.23
67,950 at 4.73%$353.64
67,950 at 4.74%$354.05
67,950 at 4.75%$354.46
67,950 at 4.76%$354.87
67,950 at 4.77%$355.28
67,950 at 4.78%$355.69
67,950 at 4.79%$356.10
67,950 at 4.8%$356.51
67,950 at 4.81%$356.92
67,950 at 4.82%$357.33
67,950 at 4.83%$357.74
67,950 at 4.84%$358.15
67,950 at 4.85%$358.57
67,950 at 4.86%$358.98
67,950 at 4.87%$359.39
67,950 at 4.88%$359.80
67,950 at 4.89%$360.22
67,950 at 4.9%$360.63
67,950 at 4.91%$361.04
67,950 at 4.92%$361.46
67,950 at 4.93%$361.87
67,950 at 4.94%$362.28
67,950 at 4.95%$362.70
67,950 at 4.96%$363.11
67,950 at 4.97%$363.53
67,950 at 4.98%$363.94
67,950 at 4.99%$364.36
67,950 at 5%$364.77
Interest Rate 30 Year
67,950 at 5.01%$365.19
67,950 at 5.02%$365.60
67,950 at 5.03%$366.02
67,950 at 5.04%$366.43
67,950 at 5.05%$366.85
67,950 at 5.06%$367.27
67,950 at 5.07%$367.68
67,950 at 5.08%$368.10
67,950 at 5.09%$368.52
67,950 at 5.1%$368.93
67,950 at 5.11%$369.35
67,950 at 5.12%$369.77
67,950 at 5.13%$370.19
67,950 at 5.14%$370.61
67,950 at 5.15%$371.02
67,950 at 5.16%$371.44
67,950 at 5.17%$371.86
67,950 at 5.18%$372.28
67,950 at 5.19%$372.70
67,950 at 5.2%$373.12
67,950 at 5.21%$373.54
67,950 at 5.22%$373.96
67,950 at 5.23%$374.38
67,950 at 5.24%$374.80
67,950 at 5.25%$375.22
67,950 at 5.26%$375.64
67,950 at 5.27%$376.06
67,950 at 5.28%$376.49
67,950 at 5.29%$376.91
67,950 at 5.3%$377.33
67,950 at 5.31%$377.75
67,950 at 5.32%$378.17
67,950 at 5.33%$378.60
67,950 at 5.34%$379.02
67,950 at 5.35%$379.44
67,950 at 5.36%$379.87
67,950 at 5.37%$380.29
67,950 at 5.38%$380.71
67,950 at 5.39%$381.14
67,950 at 5.4%$381.56
67,950 at 5.41%$381.98
67,950 at 5.42%$382.41
67,950 at 5.43%$382.83
67,950 at 5.44%$383.26
67,950 at 5.45%$383.68
67,950 at 5.46%$384.11
67,950 at 5.47%$384.53
67,950 at 5.48%$384.96
67,950 at 5.49%$385.39
67,950 at 5.5%$385.81
67,950 at 5.51%$386.24
67,950 at 5.52%$386.67
67,950 at 5.53%$387.09
67,950 at 5.54%$387.52
67,950 at 5.55%$387.95
67,950 at 5.56%$388.37
67,950 at 5.57%$388.80
67,950 at 5.58%$389.23
67,950 at 5.59%$389.66
67,950 at 5.6%$390.09
67,950 at 5.61%$390.52
67,950 at 5.62%$390.94
67,950 at 5.63%$391.37
67,950 at 5.64%$391.80
67,950 at 5.65%$392.23
67,950 at 5.66%$392.66
67,950 at 5.67%$393.09
67,950 at 5.68%$393.52
67,950 at 5.69%$393.95
67,950 at 5.7%$394.38
67,950 at 5.71%$394.81
67,950 at 5.72%$395.24
67,950 at 5.73%$395.67
67,950 at 5.74%$396.11
67,950 at 5.75%$396.54
67,950 at 5.76%$396.97
67,950 at 5.77%$397.40
67,950 at 5.78%$397.83
67,950 at 5.79%$398.27
67,950 at 5.8%$398.70
67,950 at 5.81%$399.13
67,950 at 5.82%$399.56
67,950 at 5.83%$400.00
67,950 at 5.84%$400.43
67,950 at 5.85%$400.86
67,950 at 5.86%$401.30
67,950 at 5.87%$401.73
67,950 at 5.88%$402.17
67,950 at 5.89%$402.60
67,950 at 5.9%$403.04
67,950 at 5.91%$403.47
67,950 at 5.92%$403.91
67,950 at 5.93%$404.34
67,950 at 5.94%$404.78
67,950 at 5.95%$405.21
67,950 at 5.96%$405.65
67,950 at 5.97%$406.08
67,950 at 5.98%$406.52
67,950 at 5.99%$406.96
67,950 at 6%$407.39
67,950 at 6.01%$407.83
67,950 at 6.02%$408.27
67,950 at 6.03%$408.71
67,950 at 6.04%$409.14
67,950 at 6.05%$409.58
67,950 at 6.06%$410.02
67,950 at 6.07%$410.46
67,950 at 6.08%$410.90
67,950 at 6.09%$411.33
67,950 at 6.1%$411.77
67,950 at 6.11%$412.21
67,950 at 6.12%$412.65
67,950 at 6.13%$413.09
67,950 at 6.14%$413.53
67,950 at 6.15%$413.97
67,950 at 6.16%$414.41
67,950 at 6.17%$414.85
67,950 at 6.18%$415.29
67,950 at 6.19%$415.73
67,950 at 6.2%$416.17
67,950 at 6.21%$416.61
67,950 at 6.22%$417.05
67,950 at 6.23%$417.50
67,950 at 6.24%$417.94
67,950 at 6.25%$418.38
67,950 at 6.26%$418.82
67,950 at 6.27%$419.26
67,950 at 6.28%$419.71
67,950 at 6.29%$420.15
67,950 at 6.3%$420.59
67,950 at 6.31%$421.04
67,950 at 6.32%$421.48
67,950 at 6.33%$421.92
67,950 at 6.34%$422.37
67,950 at 6.35%$422.81
67,950 at 6.36%$423.25
67,950 at 6.37%$423.70
67,950 at 6.38%$424.14
67,950 at 6.39%$424.59
67,950 at 6.4%$425.03
67,950 at 6.41%$425.48
67,950 at 6.42%$425.92
67,950 at 6.43%$426.37
67,950 at 6.44%$426.81
67,950 at 6.45%$427.26
67,950 at 6.46%$427.70
67,950 at 6.47%$428.15
67,950 at 6.48%$428.60
67,950 at 6.49%$429.04
67,950 at 6.5%$429.49
Interest Rate 30 Year
67,950 at 6.51%$429.94
67,950 at 6.52%$430.38
67,950 at 6.53%$430.83
67,950 at 6.54%$431.28
67,950 at 6.55%$431.73
67,950 at 6.56%$432.17
67,950 at 6.57%$432.62
67,950 at 6.58%$433.07
67,950 at 6.59%$433.52
67,950 at 6.6%$433.97
67,950 at 6.61%$434.42
67,950 at 6.62%$434.87
67,950 at 6.63%$435.32
67,950 at 6.64%$435.77
67,950 at 6.65%$436.22
67,950 at 6.66%$436.66
67,950 at 6.67%$437.12
67,950 at 6.68%$437.57
67,950 at 6.69%$438.02
67,950 at 6.7%$438.47
67,950 at 6.71%$438.92
67,950 at 6.72%$439.37
67,950 at 6.73%$439.82
67,950 at 6.74%$440.27
67,950 at 6.75%$440.72
67,950 at 6.76%$441.17
67,950 at 6.77%$441.63
67,950 at 6.78%$442.08
67,950 at 6.79%$442.53
67,950 at 6.8%$442.98
67,950 at 6.81%$443.44
67,950 at 6.82%$443.89
67,950 at 6.83%$444.34
67,950 at 6.84%$444.80
67,950 at 6.85%$445.25
67,950 at 6.86%$445.70
67,950 at 6.87%$446.16
67,950 at 6.88%$446.61
67,950 at 6.89%$447.06
67,950 at 6.9%$447.52
67,950 at 6.91%$447.97
67,950 at 6.92%$448.43
67,950 at 6.93%$448.88
67,950 at 6.94%$449.34
67,950 at 6.95%$449.79
67,950 at 6.96%$450.25
67,950 at 6.97%$450.70
67,950 at 6.98%$451.16
67,950 at 6.99%$451.62
67,950 at 7%$452.07
67,950 at 7.01%$452.53
67,950 at 7.02%$452.99
67,950 at 7.03%$453.44
67,950 at 7.04%$453.90
67,950 at 7.05%$454.36
67,950 at 7.06%$454.81
67,950 at 7.07%$455.27
67,950 at 7.08%$455.73
67,950 at 7.09%$456.19
67,950 at 7.1%$456.65
67,950 at 7.11%$457.10
67,950 at 7.12%$457.56
67,950 at 7.13%$458.02
67,950 at 7.14%$458.48
67,950 at 7.15%$458.94
67,950 at 7.16%$459.40
67,950 at 7.17%$459.86
67,950 at 7.18%$460.32
67,950 at 7.19%$460.78
67,950 at 7.2%$461.24
67,950 at 7.21%$461.70
67,950 at 7.22%$462.16
67,950 at 7.23%$462.62
67,950 at 7.24%$463.08
67,950 at 7.25%$463.54
67,950 at 7.26%$464.00
67,950 at 7.27%$464.46
67,950 at 7.28%$464.92
67,950 at 7.29%$465.38
67,950 at 7.3%$465.85
67,950 at 7.31%$466.31
67,950 at 7.32%$466.77
67,950 at 7.33%$467.23
67,950 at 7.34%$467.69
67,950 at 7.35%$468.16
67,950 at 7.36%$468.62
67,950 at 7.37%$469.08
67,950 at 7.38%$469.55
67,950 at 7.39%$470.01
67,950 at 7.4%$470.47
67,950 at 7.41%$470.94
67,950 at 7.42%$471.40
67,950 at 7.43%$471.86
67,950 at 7.44%$472.33
67,950 at 7.45%$472.79
67,950 at 7.46%$473.26
67,950 at 7.47%$473.72
67,950 at 7.48%$474.19
67,950 at 7.49%$474.65
67,950 at 7.5%$475.12
67,950 at 7.51%$475.58
67,950 at 7.52%$476.05
67,950 at 7.53%$476.51
67,950 at 7.54%$476.98
67,950 at 7.55%$477.44
67,950 at 7.56%$477.91
67,950 at 7.57%$478.38
67,950 at 7.58%$478.84
67,950 at 7.59%$479.31
67,950 at 7.6%$479.78
67,950 at 7.61%$480.24
67,950 at 7.62%$480.71
67,950 at 7.63%$481.18
67,950 at 7.64%$481.65
67,950 at 7.65%$482.11
67,950 at 7.66%$482.58
67,950 at 7.67%$483.05
67,950 at 7.68%$483.52
67,950 at 7.69%$483.99
67,950 at 7.7%$484.46
67,950 at 7.71%$484.93
67,950 at 7.72%$485.39
67,950 at 7.73%$485.86
67,950 at 7.74%$486.33
67,950 at 7.75%$486.80
67,950 at 7.76%$487.27
67,950 at 7.77%$487.74
67,950 at 7.78%$488.21
67,950 at 7.79%$488.68
67,950 at 7.8%$489.15
67,950 at 7.81%$489.62
67,950 at 7.82%$490.09
67,950 at 7.83%$490.56
67,950 at 7.84%$491.03
67,950 at 7.85%$491.51
67,950 at 7.86%$491.98
67,950 at 7.87%$492.45
67,950 at 7.88%$492.92
67,950 at 7.89%$493.39
67,950 at 7.9%$493.86
67,950 at 7.91%$494.34
67,950 at 7.92%$494.81
67,950 at 7.93%$495.28
67,950 at 7.94%$495.75
67,950 at 7.95%$496.23
67,950 at 7.96%$496.70
67,950 at 7.97%$497.17
67,950 at 7.98%$497.65
67,950 at 7.99%$498.12
67,950 at 8%$498.59
More Amounts
What is the down payment for a $67,950 house? How much do you need to put down?
Percent Down Down Payment
1%680
2%1,359
3%2,039
4%2,718
5%3,398
6%4,077
7%4,757
8%5,436
9%6,116
10%6,795
11%7,475
12%8,154
13%8,834
14%9,513
15%10,193
16%10,872
17%11,552
18%12,231
19%12,911
20%13,590
Percent Down Down Payment
21%14,270
22%14,949
23%15,629
24%16,308
25%16,988
26%17,667
27%18,347
28%19,026
29%19,706
30%20,385
31%21,065
32%21,744
33%22,424
34%23,103
35%23,783
36%24,462
37%25,142
38%25,821
39%26,501
40%27,180
Percent Down Down Payment
41%27,860
42%28,539
43%29,219
44%29,898
45%30,578
46%31,257
47%31,937
48%32,616
49%33,296
50%33,975
51%34,655
52%35,334
53%36,014
54%36,693
55%37,373
56%38,052
57%38,732
58%39,411
59%40,091
60%40,770
Percent Down Down Payment
61%41,450
62%42,129
63%42,809
64%43,488
65%44,168
66%44,847
67%45,527
68%46,206
69%46,886
70%47,565
71%48,245
72%48,924
73%49,604
74%50,283
75%50,963
76%51,642
77%52,322
78%53,001
79%53,681
80%54,360
Percent Down Down Payment
81%55,040
82%55,719
83%56,399
84%57,078
85%57,758
86%58,437
87%59,117
88%59,796
89%60,476
90%61,155
91%61,835
92%62,514
93%63,194
94%63,873
95%64,553
96%65,232
97%65,912
98%66,591
99%67,271
100%67,950
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.