$69,050 Mortgage for 30 Years

What is the monthly payment of a 69,050 dollar loan?
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Loan Tables for a $69,050 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 $69,050 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
69,050 at 2.01%$255.57
69,050 at 2.02%$255.91
69,050 at 2.03%$256.26
69,050 at 2.04%$256.61
69,050 at 2.05%$256.95
69,050 at 2.06%$257.30
69,050 at 2.07%$257.65
69,050 at 2.08%$257.99
69,050 at 2.09%$258.34
69,050 at 2.1%$258.69
69,050 at 2.11%$259.04
69,050 at 2.12%$259.39
69,050 at 2.13%$259.73
69,050 at 2.14%$260.08
69,050 at 2.15%$260.43
69,050 at 2.16%$260.78
69,050 at 2.17%$261.13
69,050 at 2.18%$261.48
69,050 at 2.19%$261.83
69,050 at 2.2%$262.18
69,050 at 2.21%$262.53
69,050 at 2.22%$262.89
69,050 at 2.23%$263.24
69,050 at 2.24%$263.59
69,050 at 2.25%$263.94
69,050 at 2.26%$264.29
69,050 at 2.27%$264.65
69,050 at 2.28%$265.00
69,050 at 2.29%$265.35
69,050 at 2.3%$265.71
69,050 at 2.31%$266.06
69,050 at 2.32%$266.41
69,050 at 2.33%$266.77
69,050 at 2.34%$267.12
69,050 at 2.35%$267.48
69,050 at 2.36%$267.83
69,050 at 2.37%$268.19
69,050 at 2.38%$268.54
69,050 at 2.39%$268.90
69,050 at 2.4%$269.25
69,050 at 2.41%$269.61
69,050 at 2.42%$269.97
69,050 at 2.43%$270.32
69,050 at 2.44%$270.68
69,050 at 2.45%$271.04
69,050 at 2.46%$271.40
69,050 at 2.47%$271.76
69,050 at 2.48%$272.11
69,050 at 2.49%$272.47
69,050 at 2.5%$272.83
69,050 at 2.51%$273.19
69,050 at 2.52%$273.55
69,050 at 2.53%$273.91
69,050 at 2.54%$274.27
69,050 at 2.55%$274.63
69,050 at 2.56%$274.99
69,050 at 2.57%$275.35
69,050 at 2.58%$275.71
69,050 at 2.59%$276.07
69,050 at 2.6%$276.43
69,050 at 2.61%$276.80
69,050 at 2.62%$277.16
69,050 at 2.63%$277.52
69,050 at 2.64%$277.88
69,050 at 2.65%$278.25
69,050 at 2.66%$278.61
69,050 at 2.67%$278.97
69,050 at 2.68%$279.34
69,050 at 2.69%$279.70
69,050 at 2.7%$280.07
69,050 at 2.71%$280.43
69,050 at 2.72%$280.79
69,050 at 2.73%$281.16
69,050 at 2.74%$281.52
69,050 at 2.75%$281.89
69,050 at 2.76%$282.26
69,050 at 2.77%$282.62
69,050 at 2.78%$282.99
69,050 at 2.79%$283.36
69,050 at 2.8%$283.72
69,050 at 2.81%$284.09
69,050 at 2.82%$284.46
69,050 at 2.83%$284.83
69,050 at 2.84%$285.19
69,050 at 2.85%$285.56
69,050 at 2.86%$285.93
69,050 at 2.87%$286.30
69,050 at 2.88%$286.67
69,050 at 2.89%$287.04
69,050 at 2.9%$287.41
69,050 at 2.91%$287.78
69,050 at 2.92%$288.15
69,050 at 2.93%$288.52
69,050 at 2.94%$288.89
69,050 at 2.95%$289.26
69,050 at 2.96%$289.63
69,050 at 2.97%$290.00
69,050 at 2.98%$290.37
69,050 at 2.99%$290.75
69,050 at 3%$291.12
69,050 at 3.01%$291.49
69,050 at 3.02%$291.86
69,050 at 3.03%$292.24
69,050 at 3.04%$292.61
69,050 at 3.05%$292.98
69,050 at 3.06%$293.36
69,050 at 3.07%$293.73
69,050 at 3.08%$294.11
69,050 at 3.09%$294.48
69,050 at 3.1%$294.85
69,050 at 3.11%$295.23
69,050 at 3.12%$295.61
69,050 at 3.13%$295.98
69,050 at 3.14%$296.36
69,050 at 3.15%$296.73
69,050 at 3.16%$297.11
69,050 at 3.17%$297.49
69,050 at 3.18%$297.86
69,050 at 3.19%$298.24
69,050 at 3.2%$298.62
69,050 at 3.21%$299.00
69,050 at 3.22%$299.37
69,050 at 3.23%$299.75
69,050 at 3.24%$300.13
69,050 at 3.25%$300.51
69,050 at 3.26%$300.89
69,050 at 3.27%$301.27
69,050 at 3.28%$301.65
69,050 at 3.29%$302.03
69,050 at 3.3%$302.41
69,050 at 3.31%$302.79
69,050 at 3.32%$303.17
69,050 at 3.33%$303.55
69,050 at 3.34%$303.93
69,050 at 3.35%$304.31
69,050 at 3.36%$304.69
69,050 at 3.37%$305.08
69,050 at 3.38%$305.46
69,050 at 3.39%$305.84
69,050 at 3.4%$306.22
69,050 at 3.41%$306.61
69,050 at 3.42%$306.99
69,050 at 3.43%$307.37
69,050 at 3.44%$307.76
69,050 at 3.45%$308.14
69,050 at 3.46%$308.53
69,050 at 3.47%$308.91
69,050 at 3.48%$309.29
69,050 at 3.49%$309.68
69,050 at 3.5%$310.07
Interest Rate 30 Year
69,050 at 3.51%$310.45
69,050 at 3.52%$310.84
69,050 at 3.53%$311.22
69,050 at 3.54%$311.61
69,050 at 3.55%$312.00
69,050 at 3.56%$312.38
69,050 at 3.57%$312.77
69,050 at 3.58%$313.16
69,050 at 3.59%$313.54
69,050 at 3.6%$313.93
69,050 at 3.61%$314.32
69,050 at 3.62%$314.71
69,050 at 3.63%$315.10
69,050 at 3.64%$315.49
69,050 at 3.65%$315.88
69,050 at 3.66%$316.27
69,050 at 3.67%$316.65
69,050 at 3.68%$317.04
69,050 at 3.69%$317.43
69,050 at 3.7%$317.83
69,050 at 3.71%$318.22
69,050 at 3.72%$318.61
69,050 at 3.73%$319.00
69,050 at 3.74%$319.39
69,050 at 3.75%$319.78
69,050 at 3.76%$320.17
69,050 at 3.77%$320.57
69,050 at 3.78%$320.96
69,050 at 3.79%$321.35
69,050 at 3.8%$321.74
69,050 at 3.81%$322.14
69,050 at 3.82%$322.53
69,050 at 3.83%$322.92
69,050 at 3.84%$323.32
69,050 at 3.85%$323.71
69,050 at 3.86%$324.11
69,050 at 3.87%$324.50
69,050 at 3.88%$324.90
69,050 at 3.89%$325.29
69,050 at 3.9%$325.69
69,050 at 3.91%$326.08
69,050 at 3.92%$326.48
69,050 at 3.93%$326.87
69,050 at 3.94%$327.27
69,050 at 3.95%$327.67
69,050 at 3.96%$328.06
69,050 at 3.97%$328.46
69,050 at 3.98%$328.86
69,050 at 3.99%$329.26
69,050 at 4%$329.66
69,050 at 4.01%$330.05
69,050 at 4.02%$330.45
69,050 at 4.03%$330.85
69,050 at 4.04%$331.25
69,050 at 4.05%$331.65
69,050 at 4.06%$332.05
69,050 at 4.07%$332.45
69,050 at 4.08%$332.85
69,050 at 4.09%$333.25
69,050 at 4.1%$333.65
69,050 at 4.11%$334.05
69,050 at 4.12%$334.45
69,050 at 4.13%$334.85
69,050 at 4.14%$335.25
69,050 at 4.15%$335.65
69,050 at 4.16%$336.06
69,050 at 4.17%$336.46
69,050 at 4.18%$336.86
69,050 at 4.19%$337.26
69,050 at 4.2%$337.67
69,050 at 4.21%$338.07
69,050 at 4.22%$338.47
69,050 at 4.23%$338.88
69,050 at 4.24%$339.28
69,050 at 4.25%$339.68
69,050 at 4.26%$340.09
69,050 at 4.27%$340.49
69,050 at 4.28%$340.90
69,050 at 4.29%$341.30
69,050 at 4.3%$341.71
69,050 at 4.31%$342.11
69,050 at 4.32%$342.52
69,050 at 4.33%$342.93
69,050 at 4.34%$343.33
69,050 at 4.35%$343.74
69,050 at 4.36%$344.15
69,050 at 4.37%$344.55
69,050 at 4.38%$344.96
69,050 at 4.39%$345.37
69,050 at 4.4%$345.78
69,050 at 4.41%$346.18
69,050 at 4.42%$346.59
69,050 at 4.43%$347.00
69,050 at 4.44%$347.41
69,050 at 4.45%$347.82
69,050 at 4.46%$348.23
69,050 at 4.47%$348.64
69,050 at 4.48%$349.05
69,050 at 4.49%$349.46
69,050 at 4.5%$349.87
69,050 at 4.51%$350.28
69,050 at 4.52%$350.69
69,050 at 4.53%$351.10
69,050 at 4.54%$351.51
69,050 at 4.55%$351.92
69,050 at 4.56%$352.33
69,050 at 4.57%$352.74
69,050 at 4.58%$353.16
69,050 at 4.59%$353.57
69,050 at 4.6%$353.98
69,050 at 4.61%$354.39
69,050 at 4.62%$354.81
69,050 at 4.63%$355.22
69,050 at 4.64%$355.63
69,050 at 4.65%$356.05
69,050 at 4.66%$356.46
69,050 at 4.67%$356.88
69,050 at 4.68%$357.29
69,050 at 4.69%$357.70
69,050 at 4.7%$358.12
69,050 at 4.71%$358.53
69,050 at 4.72%$358.95
69,050 at 4.73%$359.37
69,050 at 4.74%$359.78
69,050 at 4.75%$360.20
69,050 at 4.76%$360.61
69,050 at 4.77%$361.03
69,050 at 4.78%$361.45
69,050 at 4.79%$361.86
69,050 at 4.8%$362.28
69,050 at 4.81%$362.70
69,050 at 4.82%$363.12
69,050 at 4.83%$363.53
69,050 at 4.84%$363.95
69,050 at 4.85%$364.37
69,050 at 4.86%$364.79
69,050 at 4.87%$365.21
69,050 at 4.88%$365.63
69,050 at 4.89%$366.05
69,050 at 4.9%$366.47
69,050 at 4.91%$366.89
69,050 at 4.92%$367.31
69,050 at 4.93%$367.73
69,050 at 4.94%$368.15
69,050 at 4.95%$368.57
69,050 at 4.96%$368.99
69,050 at 4.97%$369.41
69,050 at 4.98%$369.83
69,050 at 4.99%$370.25
69,050 at 5%$370.68
Interest Rate 30 Year
69,050 at 5.01%$371.10
69,050 at 5.02%$371.52
69,050 at 5.03%$371.94
69,050 at 5.04%$372.37
69,050 at 5.05%$372.79
69,050 at 5.06%$373.21
69,050 at 5.07%$373.63
69,050 at 5.08%$374.06
69,050 at 5.09%$374.48
69,050 at 5.1%$374.91
69,050 at 5.11%$375.33
69,050 at 5.12%$375.76
69,050 at 5.13%$376.18
69,050 at 5.14%$376.61
69,050 at 5.15%$377.03
69,050 at 5.16%$377.46
69,050 at 5.17%$377.88
69,050 at 5.18%$378.31
69,050 at 5.19%$378.73
69,050 at 5.2%$379.16
69,050 at 5.21%$379.59
69,050 at 5.22%$380.01
69,050 at 5.23%$380.44
69,050 at 5.24%$380.87
69,050 at 5.25%$381.30
69,050 at 5.26%$381.72
69,050 at 5.27%$382.15
69,050 at 5.28%$382.58
69,050 at 5.29%$383.01
69,050 at 5.3%$383.44
69,050 at 5.31%$383.87
69,050 at 5.32%$384.30
69,050 at 5.33%$384.73
69,050 at 5.34%$385.15
69,050 at 5.35%$385.58
69,050 at 5.36%$386.01
69,050 at 5.37%$386.44
69,050 at 5.38%$386.88
69,050 at 5.39%$387.31
69,050 at 5.4%$387.74
69,050 at 5.41%$388.17
69,050 at 5.42%$388.60
69,050 at 5.43%$389.03
69,050 at 5.44%$389.46
69,050 at 5.45%$389.89
69,050 at 5.46%$390.33
69,050 at 5.47%$390.76
69,050 at 5.48%$391.19
69,050 at 5.49%$391.63
69,050 at 5.5%$392.06
69,050 at 5.51%$392.49
69,050 at 5.52%$392.93
69,050 at 5.53%$393.36
69,050 at 5.54%$393.79
69,050 at 5.55%$394.23
69,050 at 5.56%$394.66
69,050 at 5.57%$395.10
69,050 at 5.58%$395.53
69,050 at 5.59%$395.97
69,050 at 5.6%$396.40
69,050 at 5.61%$396.84
69,050 at 5.62%$397.27
69,050 at 5.63%$397.71
69,050 at 5.64%$398.14
69,050 at 5.65%$398.58
69,050 at 5.66%$399.02
69,050 at 5.67%$399.45
69,050 at 5.68%$399.89
69,050 at 5.69%$400.33
69,050 at 5.7%$400.77
69,050 at 5.71%$401.20
69,050 at 5.72%$401.64
69,050 at 5.73%$402.08
69,050 at 5.74%$402.52
69,050 at 5.75%$402.96
69,050 at 5.76%$403.40
69,050 at 5.77%$403.83
69,050 at 5.78%$404.27
69,050 at 5.79%$404.71
69,050 at 5.8%$405.15
69,050 at 5.81%$405.59
69,050 at 5.82%$406.03
69,050 at 5.83%$406.47
69,050 at 5.84%$406.91
69,050 at 5.85%$407.35
69,050 at 5.86%$407.80
69,050 at 5.87%$408.24
69,050 at 5.88%$408.68
69,050 at 5.89%$409.12
69,050 at 5.9%$409.56
69,050 at 5.91%$410.00
69,050 at 5.92%$410.44
69,050 at 5.93%$410.89
69,050 at 5.94%$411.33
69,050 at 5.95%$411.77
69,050 at 5.96%$412.22
69,050 at 5.97%$412.66
69,050 at 5.98%$413.10
69,050 at 5.99%$413.55
69,050 at 6%$413.99
69,050 at 6.01%$414.43
69,050 at 6.02%$414.88
69,050 at 6.03%$415.32
69,050 at 6.04%$415.77
69,050 at 6.05%$416.21
69,050 at 6.06%$416.66
69,050 at 6.07%$417.10
69,050 at 6.08%$417.55
69,050 at 6.09%$417.99
69,050 at 6.1%$418.44
69,050 at 6.11%$418.89
69,050 at 6.12%$419.33
69,050 at 6.13%$419.78
69,050 at 6.14%$420.23
69,050 at 6.15%$420.67
69,050 at 6.16%$421.12
69,050 at 6.17%$421.57
69,050 at 6.18%$422.01
69,050 at 6.19%$422.46
69,050 at 6.2%$422.91
69,050 at 6.21%$423.36
69,050 at 6.22%$423.81
69,050 at 6.23%$424.25
69,050 at 6.24%$424.70
69,050 at 6.25%$425.15
69,050 at 6.26%$425.60
69,050 at 6.27%$426.05
69,050 at 6.28%$426.50
69,050 at 6.29%$426.95
69,050 at 6.3%$427.40
69,050 at 6.31%$427.85
69,050 at 6.32%$428.30
69,050 at 6.33%$428.75
69,050 at 6.34%$429.20
69,050 at 6.35%$429.65
69,050 at 6.36%$430.10
69,050 at 6.37%$430.56
69,050 at 6.38%$431.01
69,050 at 6.39%$431.46
69,050 at 6.4%$431.91
69,050 at 6.41%$432.36
69,050 at 6.42%$432.82
69,050 at 6.43%$433.27
69,050 at 6.44%$433.72
69,050 at 6.45%$434.17
69,050 at 6.46%$434.63
69,050 at 6.47%$435.08
69,050 at 6.48%$435.54
69,050 at 6.49%$435.99
69,050 at 6.5%$436.44
Interest Rate 30 Year
69,050 at 6.51%$436.90
69,050 at 6.52%$437.35
69,050 at 6.53%$437.81
69,050 at 6.54%$438.26
69,050 at 6.55%$438.72
69,050 at 6.56%$439.17
69,050 at 6.57%$439.63
69,050 at 6.58%$440.08
69,050 at 6.59%$440.54
69,050 at 6.6%$440.99
69,050 at 6.61%$441.45
69,050 at 6.62%$441.91
69,050 at 6.63%$442.36
69,050 at 6.64%$442.82
69,050 at 6.65%$443.28
69,050 at 6.66%$443.73
69,050 at 6.67%$444.19
69,050 at 6.68%$444.65
69,050 at 6.69%$445.11
69,050 at 6.7%$445.56
69,050 at 6.71%$446.02
69,050 at 6.72%$446.48
69,050 at 6.73%$446.94
69,050 at 6.74%$447.40
69,050 at 6.75%$447.86
69,050 at 6.76%$448.32
69,050 at 6.77%$448.78
69,050 at 6.78%$449.23
69,050 at 6.79%$449.69
69,050 at 6.8%$450.15
69,050 at 6.81%$450.61
69,050 at 6.82%$451.07
69,050 at 6.83%$451.54
69,050 at 6.84%$452.00
69,050 at 6.85%$452.46
69,050 at 6.86%$452.92
69,050 at 6.87%$453.38
69,050 at 6.88%$453.84
69,050 at 6.89%$454.30
69,050 at 6.9%$454.76
69,050 at 6.91%$455.23
69,050 at 6.92%$455.69
69,050 at 6.93%$456.15
69,050 at 6.94%$456.61
69,050 at 6.95%$457.08
69,050 at 6.96%$457.54
69,050 at 6.97%$458.00
69,050 at 6.98%$458.46
69,050 at 6.99%$458.93
69,050 at 7%$459.39
69,050 at 7.01%$459.86
69,050 at 7.02%$460.32
69,050 at 7.03%$460.78
69,050 at 7.04%$461.25
69,050 at 7.05%$461.71
69,050 at 7.06%$462.18
69,050 at 7.07%$462.64
69,050 at 7.08%$463.11
69,050 at 7.09%$463.57
69,050 at 7.1%$464.04
69,050 at 7.11%$464.50
69,050 at 7.12%$464.97
69,050 at 7.13%$465.44
69,050 at 7.14%$465.90
69,050 at 7.15%$466.37
69,050 at 7.16%$466.83
69,050 at 7.17%$467.30
69,050 at 7.18%$467.77
69,050 at 7.19%$468.24
69,050 at 7.2%$468.70
69,050 at 7.21%$469.17
69,050 at 7.22%$469.64
69,050 at 7.23%$470.11
69,050 at 7.24%$470.57
69,050 at 7.25%$471.04
69,050 at 7.26%$471.51
69,050 at 7.27%$471.98
69,050 at 7.28%$472.45
69,050 at 7.29%$472.92
69,050 at 7.3%$473.39
69,050 at 7.31%$473.86
69,050 at 7.32%$474.33
69,050 at 7.33%$474.80
69,050 at 7.34%$475.27
69,050 at 7.35%$475.74
69,050 at 7.36%$476.21
69,050 at 7.37%$476.68
69,050 at 7.38%$477.15
69,050 at 7.39%$477.62
69,050 at 7.4%$478.09
69,050 at 7.41%$478.56
69,050 at 7.42%$479.03
69,050 at 7.43%$479.50
69,050 at 7.44%$479.97
69,050 at 7.45%$480.45
69,050 at 7.46%$480.92
69,050 at 7.47%$481.39
69,050 at 7.48%$481.86
69,050 at 7.49%$482.33
69,050 at 7.5%$482.81
69,050 at 7.51%$483.28
69,050 at 7.52%$483.75
69,050 at 7.53%$484.23
69,050 at 7.54%$484.70
69,050 at 7.55%$485.17
69,050 at 7.56%$485.65
69,050 at 7.57%$486.12
69,050 at 7.58%$486.60
69,050 at 7.59%$487.07
69,050 at 7.6%$487.54
69,050 at 7.61%$488.02
69,050 at 7.62%$488.49
69,050 at 7.63%$488.97
69,050 at 7.64%$489.44
69,050 at 7.65%$489.92
69,050 at 7.66%$490.40
69,050 at 7.67%$490.87
69,050 at 7.68%$491.35
69,050 at 7.69%$491.82
69,050 at 7.7%$492.30
69,050 at 7.71%$492.78
69,050 at 7.72%$493.25
69,050 at 7.73%$493.73
69,050 at 7.74%$494.21
69,050 at 7.75%$494.68
69,050 at 7.76%$495.16
69,050 at 7.77%$495.64
69,050 at 7.78%$496.11
69,050 at 7.79%$496.59
69,050 at 7.8%$497.07
69,050 at 7.81%$497.55
69,050 at 7.82%$498.03
69,050 at 7.83%$498.51
69,050 at 7.84%$498.98
69,050 at 7.85%$499.46
69,050 at 7.86%$499.94
69,050 at 7.87%$500.42
69,050 at 7.88%$500.90
69,050 at 7.89%$501.38
69,050 at 7.9%$501.86
69,050 at 7.91%$502.34
69,050 at 7.92%$502.82
69,050 at 7.93%$503.30
69,050 at 7.94%$503.78
69,050 at 7.95%$504.26
69,050 at 7.96%$504.74
69,050 at 7.97%$505.22
69,050 at 7.98%$505.70
69,050 at 7.99%$506.18
69,050 at 8%$506.66
More Amounts
What is the down payment for a $69,050 house? How much do you need to put down?
Percent Down Down Payment
1%691
2%1,381
3%2,072
4%2,762
5%3,453
6%4,143
7%4,834
8%5,524
9%6,215
10%6,905
11%7,596
12%8,286
13%8,977
14%9,667
15%10,358
16%11,048
17%11,739
18%12,429
19%13,120
20%13,810
Percent Down Down Payment
21%14,501
22%15,191
23%15,882
24%16,572
25%17,263
26%17,953
27%18,644
28%19,334
29%20,025
30%20,715
31%21,406
32%22,096
33%22,787
34%23,477
35%24,168
36%24,858
37%25,549
38%26,239
39%26,930
40%27,620
Percent Down Down Payment
41%28,311
42%29,001
43%29,692
44%30,382
45%31,073
46%31,763
47%32,454
48%33,144
49%33,835
50%34,525
51%35,216
52%35,906
53%36,597
54%37,287
55%37,978
56%38,668
57%39,359
58%40,049
59%40,740
60%41,430
Percent Down Down Payment
61%42,121
62%42,811
63%43,502
64%44,192
65%44,883
66%45,573
67%46,264
68%46,954
69%47,645
70%48,335
71%49,026
72%49,716
73%50,407
74%51,097
75%51,788
76%52,478
77%53,169
78%53,859
79%54,550
80%55,240
Percent Down Down Payment
81%55,931
82%56,621
83%57,312
84%58,002
85%58,693
86%59,383
87%60,074
88%60,764
89%61,455
90%62,145
91%62,836
92%63,526
93%64,217
94%64,907
95%65,598
96%66,288
97%66,979
98%67,669
99%68,360
100%69,050
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.