$68,750 Mortgage for 30 Years

What is the monthly payment of a 68,750 dollar loan?
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Loan Tables for a $68,750 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 69k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $68,750 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
68,750 at 2.01%$254.46
68,750 at 2.02%$254.80
68,750 at 2.03%$255.15
68,750 at 2.04%$255.49
68,750 at 2.05%$255.84
68,750 at 2.06%$256.18
68,750 at 2.07%$256.53
68,750 at 2.08%$256.87
68,750 at 2.09%$257.22
68,750 at 2.1%$257.57
68,750 at 2.11%$257.91
68,750 at 2.12%$258.26
68,750 at 2.13%$258.61
68,750 at 2.14%$258.95
68,750 at 2.15%$259.30
68,750 at 2.16%$259.65
68,750 at 2.17%$260.00
68,750 at 2.18%$260.35
68,750 at 2.19%$260.70
68,750 at 2.2%$261.04
68,750 at 2.21%$261.39
68,750 at 2.22%$261.74
68,750 at 2.23%$262.09
68,750 at 2.24%$262.44
68,750 at 2.25%$262.79
68,750 at 2.26%$263.14
68,750 at 2.27%$263.50
68,750 at 2.28%$263.85
68,750 at 2.29%$264.20
68,750 at 2.3%$264.55
68,750 at 2.31%$264.90
68,750 at 2.32%$265.26
68,750 at 2.33%$265.61
68,750 at 2.34%$265.96
68,750 at 2.35%$266.31
68,750 at 2.36%$266.67
68,750 at 2.37%$267.02
68,750 at 2.38%$267.38
68,750 at 2.39%$267.73
68,750 at 2.4%$268.08
68,750 at 2.41%$268.44
68,750 at 2.42%$268.79
68,750 at 2.43%$269.15
68,750 at 2.44%$269.51
68,750 at 2.45%$269.86
68,750 at 2.46%$270.22
68,750 at 2.47%$270.57
68,750 at 2.48%$270.93
68,750 at 2.49%$271.29
68,750 at 2.5%$271.65
68,750 at 2.51%$272.00
68,750 at 2.52%$272.36
68,750 at 2.53%$272.72
68,750 at 2.54%$273.08
68,750 at 2.55%$273.44
68,750 at 2.56%$273.80
68,750 at 2.57%$274.15
68,750 at 2.58%$274.51
68,750 at 2.59%$274.87
68,750 at 2.6%$275.23
68,750 at 2.61%$275.59
68,750 at 2.62%$275.95
68,750 at 2.63%$276.32
68,750 at 2.64%$276.68
68,750 at 2.65%$277.04
68,750 at 2.66%$277.40
68,750 at 2.67%$277.76
68,750 at 2.68%$278.12
68,750 at 2.69%$278.49
68,750 at 2.7%$278.85
68,750 at 2.71%$279.21
68,750 at 2.72%$279.57
68,750 at 2.73%$279.94
68,750 at 2.74%$280.30
68,750 at 2.75%$280.67
68,750 at 2.76%$281.03
68,750 at 2.77%$281.39
68,750 at 2.78%$281.76
68,750 at 2.79%$282.12
68,750 at 2.8%$282.49
68,750 at 2.81%$282.86
68,750 at 2.82%$283.22
68,750 at 2.83%$283.59
68,750 at 2.84%$283.95
68,750 at 2.85%$284.32
68,750 at 2.86%$284.69
68,750 at 2.87%$285.05
68,750 at 2.88%$285.42
68,750 at 2.89%$285.79
68,750 at 2.9%$286.16
68,750 at 2.91%$286.53
68,750 at 2.92%$286.89
68,750 at 2.93%$287.26
68,750 at 2.94%$287.63
68,750 at 2.95%$288.00
68,750 at 2.96%$288.37
68,750 at 2.97%$288.74
68,750 at 2.98%$289.11
68,750 at 2.99%$289.48
68,750 at 3%$289.85
68,750 at 3.01%$290.22
68,750 at 3.02%$290.59
68,750 at 3.03%$290.97
68,750 at 3.04%$291.34
68,750 at 3.05%$291.71
68,750 at 3.06%$292.08
68,750 at 3.07%$292.45
68,750 at 3.08%$292.83
68,750 at 3.09%$293.20
68,750 at 3.1%$293.57
68,750 at 3.11%$293.95
68,750 at 3.12%$294.32
68,750 at 3.13%$294.70
68,750 at 3.14%$295.07
68,750 at 3.15%$295.44
68,750 at 3.16%$295.82
68,750 at 3.17%$296.19
68,750 at 3.18%$296.57
68,750 at 3.19%$296.95
68,750 at 3.2%$297.32
68,750 at 3.21%$297.70
68,750 at 3.22%$298.07
68,750 at 3.23%$298.45
68,750 at 3.24%$298.83
68,750 at 3.25%$299.20
68,750 at 3.26%$299.58
68,750 at 3.27%$299.96
68,750 at 3.28%$300.34
68,750 at 3.29%$300.72
68,750 at 3.3%$301.09
68,750 at 3.31%$301.47
68,750 at 3.32%$301.85
68,750 at 3.33%$302.23
68,750 at 3.34%$302.61
68,750 at 3.35%$302.99
68,750 at 3.36%$303.37
68,750 at 3.37%$303.75
68,750 at 3.38%$304.13
68,750 at 3.39%$304.51
68,750 at 3.4%$304.89
68,750 at 3.41%$305.27
68,750 at 3.42%$305.66
68,750 at 3.43%$306.04
68,750 at 3.44%$306.42
68,750 at 3.45%$306.80
68,750 at 3.46%$307.19
68,750 at 3.47%$307.57
68,750 at 3.48%$307.95
68,750 at 3.49%$308.33
68,750 at 3.5%$308.72
Interest Rate 30 Year
68,750 at 3.51%$309.10
68,750 at 3.52%$309.49
68,750 at 3.53%$309.87
68,750 at 3.54%$310.26
68,750 at 3.55%$310.64
68,750 at 3.56%$311.03
68,750 at 3.57%$311.41
68,750 at 3.58%$311.80
68,750 at 3.59%$312.18
68,750 at 3.6%$312.57
68,750 at 3.61%$312.96
68,750 at 3.62%$313.34
68,750 at 3.63%$313.73
68,750 at 3.64%$314.12
68,750 at 3.65%$314.50
68,750 at 3.66%$314.89
68,750 at 3.67%$315.28
68,750 at 3.68%$315.67
68,750 at 3.69%$316.06
68,750 at 3.7%$316.44
68,750 at 3.71%$316.83
68,750 at 3.72%$317.22
68,750 at 3.73%$317.61
68,750 at 3.74%$318.00
68,750 at 3.75%$318.39
68,750 at 3.76%$318.78
68,750 at 3.77%$319.17
68,750 at 3.78%$319.56
68,750 at 3.79%$319.95
68,750 at 3.8%$320.35
68,750 at 3.81%$320.74
68,750 at 3.82%$321.13
68,750 at 3.83%$321.52
68,750 at 3.84%$321.91
68,750 at 3.85%$322.31
68,750 at 3.86%$322.70
68,750 at 3.87%$323.09
68,750 at 3.88%$323.48
68,750 at 3.89%$323.88
68,750 at 3.9%$324.27
68,750 at 3.91%$324.67
68,750 at 3.92%$325.06
68,750 at 3.93%$325.45
68,750 at 3.94%$325.85
68,750 at 3.95%$326.24
68,750 at 3.96%$326.64
68,750 at 3.97%$327.04
68,750 at 3.98%$327.43
68,750 at 3.99%$327.83
68,750 at 4%$328.22
68,750 at 4.01%$328.62
68,750 at 4.02%$329.02
68,750 at 4.03%$329.41
68,750 at 4.04%$329.81
68,750 at 4.05%$330.21
68,750 at 4.06%$330.61
68,750 at 4.07%$331.00
68,750 at 4.08%$331.40
68,750 at 4.09%$331.80
68,750 at 4.1%$332.20
68,750 at 4.11%$332.60
68,750 at 4.12%$333.00
68,750 at 4.13%$333.40
68,750 at 4.14%$333.80
68,750 at 4.15%$334.20
68,750 at 4.16%$334.60
68,750 at 4.17%$335.00
68,750 at 4.18%$335.40
68,750 at 4.19%$335.80
68,750 at 4.2%$336.20
68,750 at 4.21%$336.60
68,750 at 4.22%$337.00
68,750 at 4.23%$337.40
68,750 at 4.24%$337.81
68,750 at 4.25%$338.21
68,750 at 4.26%$338.61
68,750 at 4.27%$339.01
68,750 at 4.28%$339.42
68,750 at 4.29%$339.82
68,750 at 4.3%$340.22
68,750 at 4.31%$340.63
68,750 at 4.32%$341.03
68,750 at 4.33%$341.44
68,750 at 4.34%$341.84
68,750 at 4.35%$342.25
68,750 at 4.36%$342.65
68,750 at 4.37%$343.06
68,750 at 4.38%$343.46
68,750 at 4.39%$343.87
68,750 at 4.4%$344.27
68,750 at 4.41%$344.68
68,750 at 4.42%$345.09
68,750 at 4.43%$345.49
68,750 at 4.44%$345.90
68,750 at 4.45%$346.31
68,750 at 4.46%$346.71
68,750 at 4.47%$347.12
68,750 at 4.48%$347.53
68,750 at 4.49%$347.94
68,750 at 4.5%$348.35
68,750 at 4.51%$348.75
68,750 at 4.52%$349.16
68,750 at 4.53%$349.57
68,750 at 4.54%$349.98
68,750 at 4.55%$350.39
68,750 at 4.56%$350.80
68,750 at 4.57%$351.21
68,750 at 4.58%$351.62
68,750 at 4.59%$352.03
68,750 at 4.6%$352.44
68,750 at 4.61%$352.85
68,750 at 4.62%$353.27
68,750 at 4.63%$353.68
68,750 at 4.64%$354.09
68,750 at 4.65%$354.50
68,750 at 4.66%$354.91
68,750 at 4.67%$355.32
68,750 at 4.68%$355.74
68,750 at 4.69%$356.15
68,750 at 4.7%$356.56
68,750 at 4.71%$356.98
68,750 at 4.72%$357.39
68,750 at 4.73%$357.80
68,750 at 4.74%$358.22
68,750 at 4.75%$358.63
68,750 at 4.76%$359.05
68,750 at 4.77%$359.46
68,750 at 4.78%$359.88
68,750 at 4.79%$360.29
68,750 at 4.8%$360.71
68,750 at 4.81%$361.12
68,750 at 4.82%$361.54
68,750 at 4.83%$361.96
68,750 at 4.84%$362.37
68,750 at 4.85%$362.79
68,750 at 4.86%$363.20
68,750 at 4.87%$363.62
68,750 at 4.88%$364.04
68,750 at 4.89%$364.46
68,750 at 4.9%$364.87
68,750 at 4.91%$365.29
68,750 at 4.92%$365.71
68,750 at 4.93%$366.13
68,750 at 4.94%$366.55
68,750 at 4.95%$366.97
68,750 at 4.96%$367.39
68,750 at 4.97%$367.81
68,750 at 4.98%$368.22
68,750 at 4.99%$368.64
68,750 at 5%$369.06
Interest Rate 30 Year
68,750 at 5.01%$369.49
68,750 at 5.02%$369.91
68,750 at 5.03%$370.33
68,750 at 5.04%$370.75
68,750 at 5.05%$371.17
68,750 at 5.06%$371.59
68,750 at 5.07%$372.01
68,750 at 5.08%$372.43
68,750 at 5.09%$372.86
68,750 at 5.1%$373.28
68,750 at 5.11%$373.70
68,750 at 5.12%$374.12
68,750 at 5.13%$374.55
68,750 at 5.14%$374.97
68,750 at 5.15%$375.39
68,750 at 5.16%$375.82
68,750 at 5.17%$376.24
68,750 at 5.18%$376.66
68,750 at 5.19%$377.09
68,750 at 5.2%$377.51
68,750 at 5.21%$377.94
68,750 at 5.22%$378.36
68,750 at 5.23%$378.79
68,750 at 5.24%$379.21
68,750 at 5.25%$379.64
68,750 at 5.26%$380.07
68,750 at 5.27%$380.49
68,750 at 5.28%$380.92
68,750 at 5.29%$381.35
68,750 at 5.3%$381.77
68,750 at 5.31%$382.20
68,750 at 5.32%$382.63
68,750 at 5.33%$383.05
68,750 at 5.34%$383.48
68,750 at 5.35%$383.91
68,750 at 5.36%$384.34
68,750 at 5.37%$384.77
68,750 at 5.38%$385.19
68,750 at 5.39%$385.62
68,750 at 5.4%$386.05
68,750 at 5.41%$386.48
68,750 at 5.42%$386.91
68,750 at 5.43%$387.34
68,750 at 5.44%$387.77
68,750 at 5.45%$388.20
68,750 at 5.46%$388.63
68,750 at 5.47%$389.06
68,750 at 5.48%$389.49
68,750 at 5.49%$389.92
68,750 at 5.5%$390.35
68,750 at 5.51%$390.79
68,750 at 5.52%$391.22
68,750 at 5.53%$391.65
68,750 at 5.54%$392.08
68,750 at 5.55%$392.51
68,750 at 5.56%$392.95
68,750 at 5.57%$393.38
68,750 at 5.58%$393.81
68,750 at 5.59%$394.25
68,750 at 5.6%$394.68
68,750 at 5.61%$395.11
68,750 at 5.62%$395.55
68,750 at 5.63%$395.98
68,750 at 5.64%$396.42
68,750 at 5.65%$396.85
68,750 at 5.66%$397.28
68,750 at 5.67%$397.72
68,750 at 5.68%$398.15
68,750 at 5.69%$398.59
68,750 at 5.7%$399.03
68,750 at 5.71%$399.46
68,750 at 5.72%$399.90
68,750 at 5.73%$400.33
68,750 at 5.74%$400.77
68,750 at 5.75%$401.21
68,750 at 5.76%$401.64
68,750 at 5.77%$402.08
68,750 at 5.78%$402.52
68,750 at 5.79%$402.96
68,750 at 5.8%$403.39
68,750 at 5.81%$403.83
68,750 at 5.82%$404.27
68,750 at 5.83%$404.71
68,750 at 5.84%$405.15
68,750 at 5.85%$405.58
68,750 at 5.86%$406.02
68,750 at 5.87%$406.46
68,750 at 5.88%$406.90
68,750 at 5.89%$407.34
68,750 at 5.9%$407.78
68,750 at 5.91%$408.22
68,750 at 5.92%$408.66
68,750 at 5.93%$409.10
68,750 at 5.94%$409.54
68,750 at 5.95%$409.98
68,750 at 5.96%$410.42
68,750 at 5.97%$410.87
68,750 at 5.98%$411.31
68,750 at 5.99%$411.75
68,750 at 6%$412.19
68,750 at 6.01%$412.63
68,750 at 6.02%$413.08
68,750 at 6.03%$413.52
68,750 at 6.04%$413.96
68,750 at 6.05%$414.40
68,750 at 6.06%$414.85
68,750 at 6.07%$415.29
68,750 at 6.08%$415.73
68,750 at 6.09%$416.18
68,750 at 6.1%$416.62
68,750 at 6.11%$417.07
68,750 at 6.12%$417.51
68,750 at 6.13%$417.95
68,750 at 6.14%$418.40
68,750 at 6.15%$418.84
68,750 at 6.16%$419.29
68,750 at 6.17%$419.73
68,750 at 6.18%$420.18
68,750 at 6.19%$420.63
68,750 at 6.2%$421.07
68,750 at 6.21%$421.52
68,750 at 6.22%$421.97
68,750 at 6.23%$422.41
68,750 at 6.24%$422.86
68,750 at 6.25%$423.31
68,750 at 6.26%$423.75
68,750 at 6.27%$424.20
68,750 at 6.28%$424.65
68,750 at 6.29%$425.10
68,750 at 6.3%$425.54
68,750 at 6.31%$425.99
68,750 at 6.32%$426.44
68,750 at 6.33%$426.89
68,750 at 6.34%$427.34
68,750 at 6.35%$427.79
68,750 at 6.36%$428.24
68,750 at 6.37%$428.69
68,750 at 6.38%$429.14
68,750 at 6.39%$429.59
68,750 at 6.4%$430.04
68,750 at 6.41%$430.49
68,750 at 6.42%$430.94
68,750 at 6.43%$431.39
68,750 at 6.44%$431.84
68,750 at 6.45%$432.29
68,750 at 6.46%$432.74
68,750 at 6.47%$433.19
68,750 at 6.48%$433.64
68,750 at 6.49%$434.09
68,750 at 6.5%$434.55
Interest Rate 30 Year
68,750 at 6.51%$435.00
68,750 at 6.52%$435.45
68,750 at 6.53%$435.90
68,750 at 6.54%$436.36
68,750 at 6.55%$436.81
68,750 at 6.56%$437.26
68,750 at 6.57%$437.72
68,750 at 6.58%$438.17
68,750 at 6.59%$438.62
68,750 at 6.6%$439.08
68,750 at 6.61%$439.53
68,750 at 6.62%$439.99
68,750 at 6.63%$440.44
68,750 at 6.64%$440.90
68,750 at 6.65%$441.35
68,750 at 6.66%$441.81
68,750 at 6.67%$442.26
68,750 at 6.68%$442.72
68,750 at 6.69%$443.17
68,750 at 6.7%$443.63
68,750 at 6.71%$444.08
68,750 at 6.72%$444.54
68,750 at 6.73%$445.00
68,750 at 6.74%$445.45
68,750 at 6.75%$445.91
68,750 at 6.76%$446.37
68,750 at 6.77%$446.83
68,750 at 6.78%$447.28
68,750 at 6.79%$447.74
68,750 at 6.8%$448.20
68,750 at 6.81%$448.66
68,750 at 6.82%$449.11
68,750 at 6.83%$449.57
68,750 at 6.84%$450.03
68,750 at 6.85%$450.49
68,750 at 6.86%$450.95
68,750 at 6.87%$451.41
68,750 at 6.88%$451.87
68,750 at 6.89%$452.33
68,750 at 6.9%$452.79
68,750 at 6.91%$453.25
68,750 at 6.92%$453.71
68,750 at 6.93%$454.17
68,750 at 6.94%$454.63
68,750 at 6.95%$455.09
68,750 at 6.96%$455.55
68,750 at 6.97%$456.01
68,750 at 6.98%$456.47
68,750 at 6.99%$456.93
68,750 at 7%$457.40
68,750 at 7.01%$457.86
68,750 at 7.02%$458.32
68,750 at 7.03%$458.78
68,750 at 7.04%$459.24
68,750 at 7.05%$459.71
68,750 at 7.06%$460.17
68,750 at 7.07%$460.63
68,750 at 7.08%$461.10
68,750 at 7.09%$461.56
68,750 at 7.1%$462.02
68,750 at 7.11%$462.49
68,750 at 7.12%$462.95
68,750 at 7.13%$463.41
68,750 at 7.14%$463.88
68,750 at 7.15%$464.34
68,750 at 7.16%$464.81
68,750 at 7.17%$465.27
68,750 at 7.18%$465.74
68,750 at 7.19%$466.20
68,750 at 7.2%$466.67
68,750 at 7.21%$467.13
68,750 at 7.22%$467.60
68,750 at 7.23%$468.06
68,750 at 7.24%$468.53
68,750 at 7.25%$469.00
68,750 at 7.26%$469.46
68,750 at 7.27%$469.93
68,750 at 7.28%$470.40
68,750 at 7.29%$470.86
68,750 at 7.3%$471.33
68,750 at 7.31%$471.80
68,750 at 7.32%$472.26
68,750 at 7.33%$472.73
68,750 at 7.34%$473.20
68,750 at 7.35%$473.67
68,750 at 7.36%$474.14
68,750 at 7.37%$474.60
68,750 at 7.38%$475.07
68,750 at 7.39%$475.54
68,750 at 7.4%$476.01
68,750 at 7.41%$476.48
68,750 at 7.42%$476.95
68,750 at 7.43%$477.42
68,750 at 7.44%$477.89
68,750 at 7.45%$478.36
68,750 at 7.46%$478.83
68,750 at 7.47%$479.30
68,750 at 7.48%$479.77
68,750 at 7.49%$480.24
68,750 at 7.5%$480.71
68,750 at 7.51%$481.18
68,750 at 7.52%$481.65
68,750 at 7.53%$482.12
68,750 at 7.54%$482.59
68,750 at 7.55%$483.07
68,750 at 7.56%$483.54
68,750 at 7.57%$484.01
68,750 at 7.58%$484.48
68,750 at 7.59%$484.95
68,750 at 7.6%$485.43
68,750 at 7.61%$485.90
68,750 at 7.62%$486.37
68,750 at 7.63%$486.84
68,750 at 7.64%$487.32
68,750 at 7.65%$487.79
68,750 at 7.66%$488.26
68,750 at 7.67%$488.74
68,750 at 7.68%$489.21
68,750 at 7.69%$489.69
68,750 at 7.7%$490.16
68,750 at 7.71%$490.63
68,750 at 7.72%$491.11
68,750 at 7.73%$491.58
68,750 at 7.74%$492.06
68,750 at 7.75%$492.53
68,750 at 7.76%$493.01
68,750 at 7.77%$493.48
68,750 at 7.78%$493.96
68,750 at 7.79%$494.44
68,750 at 7.8%$494.91
68,750 at 7.81%$495.39
68,750 at 7.82%$495.86
68,750 at 7.83%$496.34
68,750 at 7.84%$496.82
68,750 at 7.85%$497.29
68,750 at 7.86%$497.77
68,750 at 7.87%$498.25
68,750 at 7.88%$498.72
68,750 at 7.89%$499.20
68,750 at 7.9%$499.68
68,750 at 7.91%$500.16
68,750 at 7.92%$500.63
68,750 at 7.93%$501.11
68,750 at 7.94%$501.59
68,750 at 7.95%$502.07
68,750 at 7.96%$502.55
68,750 at 7.97%$503.03
68,750 at 7.98%$503.50
68,750 at 7.99%$503.98
68,750 at 8%$504.46
More Amounts
What is the down payment for a $68,750 house? How much do you need to put down?
Percent Down Down Payment
1%688
2%1,375
3%2,063
4%2,750
5%3,438
6%4,125
7%4,813
8%5,500
9%6,188
10%6,875
11%7,563
12%8,250
13%8,938
14%9,625
15%10,313
16%11,000
17%11,688
18%12,375
19%13,063
20%13,750
Percent Down Down Payment
21%14,438
22%15,125
23%15,813
24%16,500
25%17,188
26%17,875
27%18,563
28%19,250
29%19,938
30%20,625
31%21,313
32%22,000
33%22,688
34%23,375
35%24,063
36%24,750
37%25,438
38%26,125
39%26,813
40%27,500
Percent Down Down Payment
41%28,188
42%28,875
43%29,563
44%30,250
45%30,938
46%31,625
47%32,313
48%33,000
49%33,688
50%34,375
51%35,063
52%35,750
53%36,438
54%37,125
55%37,813
56%38,500
57%39,188
58%39,875
59%40,563
60%41,250
Percent Down Down Payment
61%41,938
62%42,625
63%43,313
64%44,000
65%44,688
66%45,375
67%46,063
68%46,750
69%47,438
70%48,125
71%48,813
72%49,500
73%50,188
74%50,875
75%51,563
76%52,250
77%52,938
78%53,625
79%54,313
80%55,000
Percent Down Down Payment
81%55,688
82%56,375
83%57,063
84%57,750
85%58,438
86%59,125
87%59,813
88%60,500
89%61,188
90%61,875
91%62,563
92%63,250
93%63,938
94%64,625
95%65,313
96%66,000
97%66,688
98%67,375
99%68,063
100%68,750
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.