$69,000 Mortgage for 30 Years

What is the monthly payment of a 69,000 dollar loan?
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Loan Tables for a $69,000 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 $69,000 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
69,000 at 2.01%$255.38
69,000 at 2.02%$255.73
69,000 at 2.03%$256.07
69,000 at 2.04%$256.42
69,000 at 2.05%$256.77
69,000 at 2.06%$257.11
69,000 at 2.07%$257.46
69,000 at 2.08%$257.81
69,000 at 2.09%$258.15
69,000 at 2.1%$258.50
69,000 at 2.11%$258.85
69,000 at 2.12%$259.20
69,000 at 2.13%$259.55
69,000 at 2.14%$259.90
69,000 at 2.15%$260.24
69,000 at 2.16%$260.59
69,000 at 2.17%$260.94
69,000 at 2.18%$261.29
69,000 at 2.19%$261.64
69,000 at 2.2%$261.99
69,000 at 2.21%$262.34
69,000 at 2.22%$262.70
69,000 at 2.23%$263.05
69,000 at 2.24%$263.40
69,000 at 2.25%$263.75
69,000 at 2.26%$264.10
69,000 at 2.27%$264.45
69,000 at 2.28%$264.81
69,000 at 2.29%$265.16
69,000 at 2.3%$265.51
69,000 at 2.31%$265.87
69,000 at 2.32%$266.22
69,000 at 2.33%$266.57
69,000 at 2.34%$266.93
69,000 at 2.35%$267.28
69,000 at 2.36%$267.64
69,000 at 2.37%$267.99
69,000 at 2.38%$268.35
69,000 at 2.39%$268.70
69,000 at 2.4%$269.06
69,000 at 2.41%$269.42
69,000 at 2.42%$269.77
69,000 at 2.43%$270.13
69,000 at 2.44%$270.49
69,000 at 2.45%$270.84
69,000 at 2.46%$271.20
69,000 at 2.47%$271.56
69,000 at 2.48%$271.92
69,000 at 2.49%$272.27
69,000 at 2.5%$272.63
69,000 at 2.51%$272.99
69,000 at 2.52%$273.35
69,000 at 2.53%$273.71
69,000 at 2.54%$274.07
69,000 at 2.55%$274.43
69,000 at 2.56%$274.79
69,000 at 2.57%$275.15
69,000 at 2.58%$275.51
69,000 at 2.59%$275.87
69,000 at 2.6%$276.23
69,000 at 2.61%$276.60
69,000 at 2.62%$276.96
69,000 at 2.63%$277.32
69,000 at 2.64%$277.68
69,000 at 2.65%$278.05
69,000 at 2.66%$278.41
69,000 at 2.67%$278.77
69,000 at 2.68%$279.13
69,000 at 2.69%$279.50
69,000 at 2.7%$279.86
69,000 at 2.71%$280.23
69,000 at 2.72%$280.59
69,000 at 2.73%$280.96
69,000 at 2.74%$281.32
69,000 at 2.75%$281.69
69,000 at 2.76%$282.05
69,000 at 2.77%$282.42
69,000 at 2.78%$282.78
69,000 at 2.79%$283.15
69,000 at 2.8%$283.52
69,000 at 2.81%$283.88
69,000 at 2.82%$284.25
69,000 at 2.83%$284.62
69,000 at 2.84%$284.99
69,000 at 2.85%$285.35
69,000 at 2.86%$285.72
69,000 at 2.87%$286.09
69,000 at 2.88%$286.46
69,000 at 2.89%$286.83
69,000 at 2.9%$287.20
69,000 at 2.91%$287.57
69,000 at 2.92%$287.94
69,000 at 2.93%$288.31
69,000 at 2.94%$288.68
69,000 at 2.95%$289.05
69,000 at 2.96%$289.42
69,000 at 2.97%$289.79
69,000 at 2.98%$290.16
69,000 at 2.99%$290.53
69,000 at 3%$290.91
69,000 at 3.01%$291.28
69,000 at 3.02%$291.65
69,000 at 3.03%$292.02
69,000 at 3.04%$292.40
69,000 at 3.05%$292.77
69,000 at 3.06%$293.14
69,000 at 3.07%$293.52
69,000 at 3.08%$293.89
69,000 at 3.09%$294.27
69,000 at 3.1%$294.64
69,000 at 3.11%$295.02
69,000 at 3.12%$295.39
69,000 at 3.13%$295.77
69,000 at 3.14%$296.14
69,000 at 3.15%$296.52
69,000 at 3.16%$296.89
69,000 at 3.17%$297.27
69,000 at 3.18%$297.65
69,000 at 3.19%$298.02
69,000 at 3.2%$298.40
69,000 at 3.21%$298.78
69,000 at 3.22%$299.16
69,000 at 3.23%$299.54
69,000 at 3.24%$299.91
69,000 at 3.25%$300.29
69,000 at 3.26%$300.67
69,000 at 3.27%$301.05
69,000 at 3.28%$301.43
69,000 at 3.29%$301.81
69,000 at 3.3%$302.19
69,000 at 3.31%$302.57
69,000 at 3.32%$302.95
69,000 at 3.33%$303.33
69,000 at 3.34%$303.71
69,000 at 3.35%$304.09
69,000 at 3.36%$304.47
69,000 at 3.37%$304.86
69,000 at 3.38%$305.24
69,000 at 3.39%$305.62
69,000 at 3.4%$306.00
69,000 at 3.41%$306.38
69,000 at 3.42%$306.77
69,000 at 3.43%$307.15
69,000 at 3.44%$307.53
69,000 at 3.45%$307.92
69,000 at 3.46%$308.30
69,000 at 3.47%$308.69
69,000 at 3.48%$309.07
69,000 at 3.49%$309.46
69,000 at 3.5%$309.84
Interest Rate 30 Year
69,000 at 3.51%$310.23
69,000 at 3.52%$310.61
69,000 at 3.53%$311.00
69,000 at 3.54%$311.38
69,000 at 3.55%$311.77
69,000 at 3.56%$312.16
69,000 at 3.57%$312.54
69,000 at 3.58%$312.93
69,000 at 3.59%$313.32
69,000 at 3.6%$313.71
69,000 at 3.61%$314.09
69,000 at 3.62%$314.48
69,000 at 3.63%$314.87
69,000 at 3.64%$315.26
69,000 at 3.65%$315.65
69,000 at 3.66%$316.04
69,000 at 3.67%$316.43
69,000 at 3.68%$316.82
69,000 at 3.69%$317.21
69,000 at 3.7%$317.60
69,000 at 3.71%$317.99
69,000 at 3.72%$318.38
69,000 at 3.73%$318.77
69,000 at 3.74%$319.16
69,000 at 3.75%$319.55
69,000 at 3.76%$319.94
69,000 at 3.77%$320.33
69,000 at 3.78%$320.73
69,000 at 3.79%$321.12
69,000 at 3.8%$321.51
69,000 at 3.81%$321.90
69,000 at 3.82%$322.30
69,000 at 3.83%$322.69
69,000 at 3.84%$323.08
69,000 at 3.85%$323.48
69,000 at 3.86%$323.87
69,000 at 3.87%$324.27
69,000 at 3.88%$324.66
69,000 at 3.89%$325.06
69,000 at 3.9%$325.45
69,000 at 3.91%$325.85
69,000 at 3.92%$326.24
69,000 at 3.93%$326.64
69,000 at 3.94%$327.03
69,000 at 3.95%$327.43
69,000 at 3.96%$327.83
69,000 at 3.97%$328.22
69,000 at 3.98%$328.62
69,000 at 3.99%$329.02
69,000 at 4%$329.42
69,000 at 4.01%$329.81
69,000 at 4.02%$330.21
69,000 at 4.03%$330.61
69,000 at 4.04%$331.01
69,000 at 4.05%$331.41
69,000 at 4.06%$331.81
69,000 at 4.07%$332.21
69,000 at 4.08%$332.61
69,000 at 4.09%$333.01
69,000 at 4.1%$333.41
69,000 at 4.11%$333.81
69,000 at 4.12%$334.21
69,000 at 4.13%$334.61
69,000 at 4.14%$335.01
69,000 at 4.15%$335.41
69,000 at 4.16%$335.81
69,000 at 4.17%$336.21
69,000 at 4.18%$336.62
69,000 at 4.19%$337.02
69,000 at 4.2%$337.42
69,000 at 4.21%$337.82
69,000 at 4.22%$338.23
69,000 at 4.23%$338.63
69,000 at 4.24%$339.03
69,000 at 4.25%$339.44
69,000 at 4.26%$339.84
69,000 at 4.27%$340.25
69,000 at 4.28%$340.65
69,000 at 4.29%$341.06
69,000 at 4.3%$341.46
69,000 at 4.31%$341.87
69,000 at 4.32%$342.27
69,000 at 4.33%$342.68
69,000 at 4.34%$343.08
69,000 at 4.35%$343.49
69,000 at 4.36%$343.90
69,000 at 4.37%$344.30
69,000 at 4.38%$344.71
69,000 at 4.39%$345.12
69,000 at 4.4%$345.53
69,000 at 4.41%$345.93
69,000 at 4.42%$346.34
69,000 at 4.43%$346.75
69,000 at 4.44%$347.16
69,000 at 4.45%$347.57
69,000 at 4.46%$347.97
69,000 at 4.47%$348.38
69,000 at 4.48%$348.79
69,000 at 4.49%$349.20
69,000 at 4.5%$349.61
69,000 at 4.51%$350.02
69,000 at 4.52%$350.43
69,000 at 4.53%$350.84
69,000 at 4.54%$351.25
69,000 at 4.55%$351.67
69,000 at 4.56%$352.08
69,000 at 4.57%$352.49
69,000 at 4.58%$352.90
69,000 at 4.59%$353.31
69,000 at 4.6%$353.72
69,000 at 4.61%$354.14
69,000 at 4.62%$354.55
69,000 at 4.63%$354.96
69,000 at 4.64%$355.38
69,000 at 4.65%$355.79
69,000 at 4.66%$356.20
69,000 at 4.67%$356.62
69,000 at 4.68%$357.03
69,000 at 4.69%$357.45
69,000 at 4.7%$357.86
69,000 at 4.71%$358.27
69,000 at 4.72%$358.69
69,000 at 4.73%$359.11
69,000 at 4.74%$359.52
69,000 at 4.75%$359.94
69,000 at 4.76%$360.35
69,000 at 4.77%$360.77
69,000 at 4.78%$361.19
69,000 at 4.79%$361.60
69,000 at 4.8%$362.02
69,000 at 4.81%$362.44
69,000 at 4.82%$362.85
69,000 at 4.83%$363.27
69,000 at 4.84%$363.69
69,000 at 4.85%$364.11
69,000 at 4.86%$364.53
69,000 at 4.87%$364.94
69,000 at 4.88%$365.36
69,000 at 4.89%$365.78
69,000 at 4.9%$366.20
69,000 at 4.91%$366.62
69,000 at 4.92%$367.04
69,000 at 4.93%$367.46
69,000 at 4.94%$367.88
69,000 at 4.95%$368.30
69,000 at 4.96%$368.72
69,000 at 4.97%$369.14
69,000 at 4.98%$369.56
69,000 at 4.99%$369.99
69,000 at 5%$370.41
Interest Rate 30 Year
69,000 at 5.01%$370.83
69,000 at 5.02%$371.25
69,000 at 5.03%$371.67
69,000 at 5.04%$372.10
69,000 at 5.05%$372.52
69,000 at 5.06%$372.94
69,000 at 5.07%$373.36
69,000 at 5.08%$373.79
69,000 at 5.09%$374.21
69,000 at 5.1%$374.64
69,000 at 5.11%$375.06
69,000 at 5.12%$375.48
69,000 at 5.13%$375.91
69,000 at 5.14%$376.33
69,000 at 5.15%$376.76
69,000 at 5.16%$377.18
69,000 at 5.17%$377.61
69,000 at 5.18%$378.03
69,000 at 5.19%$378.46
69,000 at 5.2%$378.89
69,000 at 5.21%$379.31
69,000 at 5.22%$379.74
69,000 at 5.23%$380.17
69,000 at 5.24%$380.59
69,000 at 5.25%$381.02
69,000 at 5.26%$381.45
69,000 at 5.27%$381.88
69,000 at 5.28%$382.30
69,000 at 5.29%$382.73
69,000 at 5.3%$383.16
69,000 at 5.31%$383.59
69,000 at 5.32%$384.02
69,000 at 5.33%$384.45
69,000 at 5.34%$384.88
69,000 at 5.35%$385.31
69,000 at 5.36%$385.74
69,000 at 5.37%$386.17
69,000 at 5.38%$386.60
69,000 at 5.39%$387.03
69,000 at 5.4%$387.46
69,000 at 5.41%$387.89
69,000 at 5.42%$388.32
69,000 at 5.43%$388.75
69,000 at 5.44%$389.18
69,000 at 5.45%$389.61
69,000 at 5.46%$390.04
69,000 at 5.47%$390.48
69,000 at 5.48%$390.91
69,000 at 5.49%$391.34
69,000 at 5.5%$391.77
69,000 at 5.51%$392.21
69,000 at 5.52%$392.64
69,000 at 5.53%$393.07
69,000 at 5.54%$393.51
69,000 at 5.55%$393.94
69,000 at 5.56%$394.38
69,000 at 5.57%$394.81
69,000 at 5.58%$395.24
69,000 at 5.59%$395.68
69,000 at 5.6%$396.11
69,000 at 5.61%$396.55
69,000 at 5.62%$396.99
69,000 at 5.63%$397.42
69,000 at 5.64%$397.86
69,000 at 5.65%$398.29
69,000 at 5.66%$398.73
69,000 at 5.67%$399.17
69,000 at 5.68%$399.60
69,000 at 5.69%$400.04
69,000 at 5.7%$400.48
69,000 at 5.71%$400.91
69,000 at 5.72%$401.35
69,000 at 5.73%$401.79
69,000 at 5.74%$402.23
69,000 at 5.75%$402.67
69,000 at 5.76%$403.10
69,000 at 5.77%$403.54
69,000 at 5.78%$403.98
69,000 at 5.79%$404.42
69,000 at 5.8%$404.86
69,000 at 5.81%$405.30
69,000 at 5.82%$405.74
69,000 at 5.83%$406.18
69,000 at 5.84%$406.62
69,000 at 5.85%$407.06
69,000 at 5.86%$407.50
69,000 at 5.87%$407.94
69,000 at 5.88%$408.38
69,000 at 5.89%$408.82
69,000 at 5.9%$409.26
69,000 at 5.91%$409.71
69,000 at 5.92%$410.15
69,000 at 5.93%$410.59
69,000 at 5.94%$411.03
69,000 at 5.95%$411.47
69,000 at 5.96%$411.92
69,000 at 5.97%$412.36
69,000 at 5.98%$412.80
69,000 at 5.99%$413.25
69,000 at 6%$413.69
69,000 at 6.01%$414.13
69,000 at 6.02%$414.58
69,000 at 6.03%$415.02
69,000 at 6.04%$415.47
69,000 at 6.05%$415.91
69,000 at 6.06%$416.36
69,000 at 6.07%$416.80
69,000 at 6.08%$417.25
69,000 at 6.09%$417.69
69,000 at 6.1%$418.14
69,000 at 6.11%$418.58
69,000 at 6.12%$419.03
69,000 at 6.13%$419.47
69,000 at 6.14%$419.92
69,000 at 6.15%$420.37
69,000 at 6.16%$420.81
69,000 at 6.17%$421.26
69,000 at 6.18%$421.71
69,000 at 6.19%$422.16
69,000 at 6.2%$422.60
69,000 at 6.21%$423.05
69,000 at 6.22%$423.50
69,000 at 6.23%$423.95
69,000 at 6.24%$424.40
69,000 at 6.25%$424.84
69,000 at 6.26%$425.29
69,000 at 6.27%$425.74
69,000 at 6.28%$426.19
69,000 at 6.29%$426.64
69,000 at 6.3%$427.09
69,000 at 6.31%$427.54
69,000 at 6.32%$427.99
69,000 at 6.33%$428.44
69,000 at 6.34%$428.89
69,000 at 6.35%$429.34
69,000 at 6.36%$429.79
69,000 at 6.37%$430.24
69,000 at 6.38%$430.70
69,000 at 6.39%$431.15
69,000 at 6.4%$431.60
69,000 at 6.41%$432.05
69,000 at 6.42%$432.50
69,000 at 6.43%$432.96
69,000 at 6.44%$433.41
69,000 at 6.45%$433.86
69,000 at 6.46%$434.31
69,000 at 6.47%$434.77
69,000 at 6.48%$435.22
69,000 at 6.49%$435.67
69,000 at 6.5%$436.13
Interest Rate 30 Year
69,000 at 6.51%$436.58
69,000 at 6.52%$437.03
69,000 at 6.53%$437.49
69,000 at 6.54%$437.94
69,000 at 6.55%$438.40
69,000 at 6.56%$438.85
69,000 at 6.57%$439.31
69,000 at 6.58%$439.76
69,000 at 6.59%$440.22
69,000 at 6.6%$440.67
69,000 at 6.61%$441.13
69,000 at 6.62%$441.59
69,000 at 6.63%$442.04
69,000 at 6.64%$442.50
69,000 at 6.65%$442.96
69,000 at 6.66%$443.41
69,000 at 6.67%$443.87
69,000 at 6.68%$444.33
69,000 at 6.69%$444.78
69,000 at 6.7%$445.24
69,000 at 6.71%$445.70
69,000 at 6.72%$446.16
69,000 at 6.73%$446.62
69,000 at 6.74%$447.07
69,000 at 6.75%$447.53
69,000 at 6.76%$447.99
69,000 at 6.77%$448.45
69,000 at 6.78%$448.91
69,000 at 6.79%$449.37
69,000 at 6.8%$449.83
69,000 at 6.81%$450.29
69,000 at 6.82%$450.75
69,000 at 6.83%$451.21
69,000 at 6.84%$451.67
69,000 at 6.85%$452.13
69,000 at 6.86%$452.59
69,000 at 6.87%$453.05
69,000 at 6.88%$453.51
69,000 at 6.89%$453.97
69,000 at 6.9%$454.43
69,000 at 6.91%$454.90
69,000 at 6.92%$455.36
69,000 at 6.93%$455.82
69,000 at 6.94%$456.28
69,000 at 6.95%$456.74
69,000 at 6.96%$457.21
69,000 at 6.97%$457.67
69,000 at 6.98%$458.13
69,000 at 6.99%$458.60
69,000 at 7%$459.06
69,000 at 7.01%$459.52
69,000 at 7.02%$459.99
69,000 at 7.03%$460.45
69,000 at 7.04%$460.91
69,000 at 7.05%$461.38
69,000 at 7.06%$461.84
69,000 at 7.07%$462.31
69,000 at 7.08%$462.77
69,000 at 7.09%$463.24
69,000 at 7.1%$463.70
69,000 at 7.11%$464.17
69,000 at 7.12%$464.63
69,000 at 7.13%$465.10
69,000 at 7.14%$465.56
69,000 at 7.15%$466.03
69,000 at 7.16%$466.50
69,000 at 7.17%$466.96
69,000 at 7.18%$467.43
69,000 at 7.19%$467.90
69,000 at 7.2%$468.36
69,000 at 7.21%$468.83
69,000 at 7.22%$469.30
69,000 at 7.23%$469.77
69,000 at 7.24%$470.23
69,000 at 7.25%$470.70
69,000 at 7.26%$471.17
69,000 at 7.27%$471.64
69,000 at 7.28%$472.11
69,000 at 7.29%$472.58
69,000 at 7.3%$473.04
69,000 at 7.31%$473.51
69,000 at 7.32%$473.98
69,000 at 7.33%$474.45
69,000 at 7.34%$474.92
69,000 at 7.35%$475.39
69,000 at 7.36%$475.86
69,000 at 7.37%$476.33
69,000 at 7.38%$476.80
69,000 at 7.39%$477.27
69,000 at 7.4%$477.74
69,000 at 7.41%$478.21
69,000 at 7.42%$478.68
69,000 at 7.43%$479.15
69,000 at 7.44%$479.63
69,000 at 7.45%$480.10
69,000 at 7.46%$480.57
69,000 at 7.47%$481.04
69,000 at 7.48%$481.51
69,000 at 7.49%$481.99
69,000 at 7.5%$482.46
69,000 at 7.51%$482.93
69,000 at 7.52%$483.40
69,000 at 7.53%$483.88
69,000 at 7.54%$484.35
69,000 at 7.55%$484.82
69,000 at 7.56%$485.30
69,000 at 7.57%$485.77
69,000 at 7.58%$486.24
69,000 at 7.59%$486.72
69,000 at 7.6%$487.19
69,000 at 7.61%$487.67
69,000 at 7.62%$488.14
69,000 at 7.63%$488.62
69,000 at 7.64%$489.09
69,000 at 7.65%$489.56
69,000 at 7.66%$490.04
69,000 at 7.67%$490.52
69,000 at 7.68%$490.99
69,000 at 7.69%$491.47
69,000 at 7.7%$491.94
69,000 at 7.71%$492.42
69,000 at 7.72%$492.89
69,000 at 7.73%$493.37
69,000 at 7.74%$493.85
69,000 at 7.75%$494.32
69,000 at 7.76%$494.80
69,000 at 7.77%$495.28
69,000 at 7.78%$495.76
69,000 at 7.79%$496.23
69,000 at 7.8%$496.71
69,000 at 7.81%$497.19
69,000 at 7.82%$497.67
69,000 at 7.83%$498.14
69,000 at 7.84%$498.62
69,000 at 7.85%$499.10
69,000 at 7.86%$499.58
69,000 at 7.87%$500.06
69,000 at 7.88%$500.54
69,000 at 7.89%$501.02
69,000 at 7.9%$501.50
69,000 at 7.91%$501.98
69,000 at 7.92%$502.45
69,000 at 7.93%$502.93
69,000 at 7.94%$503.41
69,000 at 7.95%$503.89
69,000 at 7.96%$504.37
69,000 at 7.97%$504.86
69,000 at 7.98%$505.34
69,000 at 7.99%$505.82
69,000 at 8%$506.30
More Amounts
What is the down payment for a $69,000 house? How much do you need to put down?
Percent Down Down Payment
1%690
2%1,380
3%2,070
4%2,760
5%3,450
6%4,140
7%4,830
8%5,520
9%6,210
10%6,900
11%7,590
12%8,280
13%8,970
14%9,660
15%10,350
16%11,040
17%11,730
18%12,420
19%13,110
20%13,800
Percent Down Down Payment
21%14,490
22%15,180
23%15,870
24%16,560
25%17,250
26%17,940
27%18,630
28%19,320
29%20,010
30%20,700
31%21,390
32%22,080
33%22,770
34%23,460
35%24,150
36%24,840
37%25,530
38%26,220
39%26,910
40%27,600
Percent Down Down Payment
41%28,290
42%28,980
43%29,670
44%30,360
45%31,050
46%31,740
47%32,430
48%33,120
49%33,810
50%34,500
51%35,190
52%35,880
53%36,570
54%37,260
55%37,950
56%38,640
57%39,330
58%40,020
59%40,710
60%41,400
Percent Down Down Payment
61%42,090
62%42,780
63%43,470
64%44,160
65%44,850
66%45,540
67%46,230
68%46,920
69%47,610
70%48,300
71%48,990
72%49,680
73%50,370
74%51,060
75%51,750
76%52,440
77%53,130
78%53,820
79%54,510
80%55,200
Percent Down Down Payment
81%55,890
82%56,580
83%57,270
84%57,960
85%58,650
86%59,340
87%60,030
88%60,720
89%61,410
90%62,100
91%62,790
92%63,480
93%64,170
94%64,860
95%65,550
96%66,240
97%66,930
98%67,620
99%68,310
100%69,000
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.