$70,500 Mortgage for 30 Years

What is the monthly payment of a 70,500 dollar loan?
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Loan Tables for a $70,500 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 71k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $70,500 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
70,500 at 2.01%$260.93
70,500 at 2.02%$261.29
70,500 at 2.03%$261.64
70,500 at 2.04%$261.99
70,500 at 2.05%$262.35
70,500 at 2.06%$262.70
70,500 at 2.07%$263.06
70,500 at 2.08%$263.41
70,500 at 2.09%$263.77
70,500 at 2.1%$264.12
70,500 at 2.11%$264.48
70,500 at 2.12%$264.83
70,500 at 2.13%$265.19
70,500 at 2.14%$265.55
70,500 at 2.15%$265.90
70,500 at 2.16%$266.26
70,500 at 2.17%$266.62
70,500 at 2.18%$266.97
70,500 at 2.19%$267.33
70,500 at 2.2%$267.69
70,500 at 2.21%$268.05
70,500 at 2.22%$268.41
70,500 at 2.23%$268.76
70,500 at 2.24%$269.12
70,500 at 2.25%$269.48
70,500 at 2.26%$269.84
70,500 at 2.27%$270.20
70,500 at 2.28%$270.56
70,500 at 2.29%$270.92
70,500 at 2.3%$271.28
70,500 at 2.31%$271.65
70,500 at 2.32%$272.01
70,500 at 2.33%$272.37
70,500 at 2.34%$272.73
70,500 at 2.35%$273.09
70,500 at 2.36%$273.46
70,500 at 2.37%$273.82
70,500 at 2.38%$274.18
70,500 at 2.39%$274.55
70,500 at 2.4%$274.91
70,500 at 2.41%$275.27
70,500 at 2.42%$275.64
70,500 at 2.43%$276.00
70,500 at 2.44%$276.37
70,500 at 2.45%$276.73
70,500 at 2.46%$277.10
70,500 at 2.47%$277.46
70,500 at 2.48%$277.83
70,500 at 2.49%$278.19
70,500 at 2.5%$278.56
70,500 at 2.51%$278.93
70,500 at 2.52%$279.29
70,500 at 2.53%$279.66
70,500 at 2.54%$280.03
70,500 at 2.55%$280.40
70,500 at 2.56%$280.76
70,500 at 2.57%$281.13
70,500 at 2.58%$281.50
70,500 at 2.59%$281.87
70,500 at 2.6%$282.24
70,500 at 2.61%$282.61
70,500 at 2.62%$282.98
70,500 at 2.63%$283.35
70,500 at 2.64%$283.72
70,500 at 2.65%$284.09
70,500 at 2.66%$284.46
70,500 at 2.67%$284.83
70,500 at 2.68%$285.20
70,500 at 2.69%$285.57
70,500 at 2.7%$285.95
70,500 at 2.71%$286.32
70,500 at 2.72%$286.69
70,500 at 2.73%$287.06
70,500 at 2.74%$287.44
70,500 at 2.75%$287.81
70,500 at 2.76%$288.18
70,500 at 2.77%$288.56
70,500 at 2.78%$288.93
70,500 at 2.79%$289.31
70,500 at 2.8%$289.68
70,500 at 2.81%$290.06
70,500 at 2.82%$290.43
70,500 at 2.83%$290.81
70,500 at 2.84%$291.18
70,500 at 2.85%$291.56
70,500 at 2.86%$291.93
70,500 at 2.87%$292.31
70,500 at 2.88%$292.69
70,500 at 2.89%$293.06
70,500 at 2.9%$293.44
70,500 at 2.91%$293.82
70,500 at 2.92%$294.20
70,500 at 2.93%$294.58
70,500 at 2.94%$294.95
70,500 at 2.95%$295.33
70,500 at 2.96%$295.71
70,500 at 2.97%$296.09
70,500 at 2.98%$296.47
70,500 at 2.99%$296.85
70,500 at 3%$297.23
70,500 at 3.01%$297.61
70,500 at 3.02%$297.99
70,500 at 3.03%$298.37
70,500 at 3.04%$298.75
70,500 at 3.05%$299.14
70,500 at 3.06%$299.52
70,500 at 3.07%$299.90
70,500 at 3.08%$300.28
70,500 at 3.09%$300.66
70,500 at 3.1%$301.05
70,500 at 3.11%$301.43
70,500 at 3.12%$301.81
70,500 at 3.13%$302.20
70,500 at 3.14%$302.58
70,500 at 3.15%$302.96
70,500 at 3.16%$303.35
70,500 at 3.17%$303.73
70,500 at 3.18%$304.12
70,500 at 3.19%$304.50
70,500 at 3.2%$304.89
70,500 at 3.21%$305.27
70,500 at 3.22%$305.66
70,500 at 3.23%$306.05
70,500 at 3.24%$306.43
70,500 at 3.25%$306.82
70,500 at 3.26%$307.21
70,500 at 3.27%$307.59
70,500 at 3.28%$307.98
70,500 at 3.29%$308.37
70,500 at 3.3%$308.76
70,500 at 3.31%$309.15
70,500 at 3.32%$309.54
70,500 at 3.33%$309.92
70,500 at 3.34%$310.31
70,500 at 3.35%$310.70
70,500 at 3.36%$311.09
70,500 at 3.37%$311.48
70,500 at 3.38%$311.87
70,500 at 3.39%$312.26
70,500 at 3.4%$312.65
70,500 at 3.41%$313.05
70,500 at 3.42%$313.44
70,500 at 3.43%$313.83
70,500 at 3.44%$314.22
70,500 at 3.45%$314.61
70,500 at 3.46%$315.00
70,500 at 3.47%$315.40
70,500 at 3.48%$315.79
70,500 at 3.49%$316.18
70,500 at 3.5%$316.58
Interest Rate 30 Year
70,500 at 3.51%$316.97
70,500 at 3.52%$317.36
70,500 at 3.53%$317.76
70,500 at 3.54%$318.15
70,500 at 3.55%$318.55
70,500 at 3.56%$318.94
70,500 at 3.57%$319.34
70,500 at 3.58%$319.73
70,500 at 3.59%$320.13
70,500 at 3.6%$320.52
70,500 at 3.61%$320.92
70,500 at 3.62%$321.32
70,500 at 3.63%$321.71
70,500 at 3.64%$322.11
70,500 at 3.65%$322.51
70,500 at 3.66%$322.91
70,500 at 3.67%$323.30
70,500 at 3.68%$323.70
70,500 at 3.69%$324.10
70,500 at 3.7%$324.50
70,500 at 3.71%$324.90
70,500 at 3.72%$325.30
70,500 at 3.73%$325.70
70,500 at 3.74%$326.10
70,500 at 3.75%$326.50
70,500 at 3.76%$326.90
70,500 at 3.77%$327.30
70,500 at 3.78%$327.70
70,500 at 3.79%$328.10
70,500 at 3.8%$328.50
70,500 at 3.81%$328.90
70,500 at 3.82%$329.30
70,500 at 3.83%$329.71
70,500 at 3.84%$330.11
70,500 at 3.85%$330.51
70,500 at 3.86%$330.91
70,500 at 3.87%$331.32
70,500 at 3.88%$331.72
70,500 at 3.89%$332.12
70,500 at 3.9%$332.53
70,500 at 3.91%$332.93
70,500 at 3.92%$333.33
70,500 at 3.93%$333.74
70,500 at 3.94%$334.14
70,500 at 3.95%$334.55
70,500 at 3.96%$334.95
70,500 at 3.97%$335.36
70,500 at 3.98%$335.77
70,500 at 3.99%$336.17
70,500 at 4%$336.58
70,500 at 4.01%$336.98
70,500 at 4.02%$337.39
70,500 at 4.03%$337.80
70,500 at 4.04%$338.21
70,500 at 4.05%$338.61
70,500 at 4.06%$339.02
70,500 at 4.07%$339.43
70,500 at 4.08%$339.84
70,500 at 4.09%$340.25
70,500 at 4.1%$340.65
70,500 at 4.11%$341.06
70,500 at 4.12%$341.47
70,500 at 4.13%$341.88
70,500 at 4.14%$342.29
70,500 at 4.15%$342.70
70,500 at 4.16%$343.11
70,500 at 4.17%$343.52
70,500 at 4.18%$343.93
70,500 at 4.19%$344.35
70,500 at 4.2%$344.76
70,500 at 4.21%$345.17
70,500 at 4.22%$345.58
70,500 at 4.23%$345.99
70,500 at 4.24%$346.41
70,500 at 4.25%$346.82
70,500 at 4.26%$347.23
70,500 at 4.27%$347.64
70,500 at 4.28%$348.06
70,500 at 4.29%$348.47
70,500 at 4.3%$348.88
70,500 at 4.31%$349.30
70,500 at 4.32%$349.71
70,500 at 4.33%$350.13
70,500 at 4.34%$350.54
70,500 at 4.35%$350.96
70,500 at 4.36%$351.37
70,500 at 4.37%$351.79
70,500 at 4.38%$352.20
70,500 at 4.39%$352.62
70,500 at 4.4%$353.04
70,500 at 4.41%$353.45
70,500 at 4.42%$353.87
70,500 at 4.43%$354.29
70,500 at 4.44%$354.70
70,500 at 4.45%$355.12
70,500 at 4.46%$355.54
70,500 at 4.47%$355.96
70,500 at 4.48%$356.38
70,500 at 4.49%$356.79
70,500 at 4.5%$357.21
70,500 at 4.51%$357.63
70,500 at 4.52%$358.05
70,500 at 4.53%$358.47
70,500 at 4.54%$358.89
70,500 at 4.55%$359.31
70,500 at 4.56%$359.73
70,500 at 4.57%$360.15
70,500 at 4.58%$360.57
70,500 at 4.59%$360.99
70,500 at 4.6%$361.41
70,500 at 4.61%$361.84
70,500 at 4.62%$362.26
70,500 at 4.63%$362.68
70,500 at 4.64%$363.10
70,500 at 4.65%$363.52
70,500 at 4.66%$363.95
70,500 at 4.67%$364.37
70,500 at 4.68%$364.79
70,500 at 4.69%$365.22
70,500 at 4.7%$365.64
70,500 at 4.71%$366.06
70,500 at 4.72%$366.49
70,500 at 4.73%$366.91
70,500 at 4.74%$367.34
70,500 at 4.75%$367.76
70,500 at 4.76%$368.19
70,500 at 4.77%$368.61
70,500 at 4.78%$369.04
70,500 at 4.79%$369.46
70,500 at 4.8%$369.89
70,500 at 4.81%$370.32
70,500 at 4.82%$370.74
70,500 at 4.83%$371.17
70,500 at 4.84%$371.60
70,500 at 4.85%$372.02
70,500 at 4.86%$372.45
70,500 at 4.87%$372.88
70,500 at 4.88%$373.31
70,500 at 4.89%$373.73
70,500 at 4.9%$374.16
70,500 at 4.91%$374.59
70,500 at 4.92%$375.02
70,500 at 4.93%$375.45
70,500 at 4.94%$375.88
70,500 at 4.95%$376.31
70,500 at 4.96%$376.74
70,500 at 4.97%$377.17
70,500 at 4.98%$377.60
70,500 at 4.99%$378.03
70,500 at 5%$378.46
Interest Rate 30 Year
70,500 at 5.01%$378.89
70,500 at 5.02%$379.32
70,500 at 5.03%$379.75
70,500 at 5.04%$380.18
70,500 at 5.05%$380.62
70,500 at 5.06%$381.05
70,500 at 5.07%$381.48
70,500 at 5.08%$381.91
70,500 at 5.09%$382.35
70,500 at 5.1%$382.78
70,500 at 5.11%$383.21
70,500 at 5.12%$383.65
70,500 at 5.13%$384.08
70,500 at 5.14%$384.51
70,500 at 5.15%$384.95
70,500 at 5.16%$385.38
70,500 at 5.17%$385.82
70,500 at 5.18%$386.25
70,500 at 5.19%$386.69
70,500 at 5.2%$387.12
70,500 at 5.21%$387.56
70,500 at 5.22%$387.99
70,500 at 5.23%$388.43
70,500 at 5.24%$388.87
70,500 at 5.25%$389.30
70,500 at 5.26%$389.74
70,500 at 5.27%$390.18
70,500 at 5.28%$390.61
70,500 at 5.29%$391.05
70,500 at 5.3%$391.49
70,500 at 5.31%$391.93
70,500 at 5.32%$392.37
70,500 at 5.33%$392.80
70,500 at 5.34%$393.24
70,500 at 5.35%$393.68
70,500 at 5.36%$394.12
70,500 at 5.37%$394.56
70,500 at 5.38%$395.00
70,500 at 5.39%$395.44
70,500 at 5.4%$395.88
70,500 at 5.41%$396.32
70,500 at 5.42%$396.76
70,500 at 5.43%$397.20
70,500 at 5.44%$397.64
70,500 at 5.45%$398.08
70,500 at 5.46%$398.52
70,500 at 5.47%$398.97
70,500 at 5.48%$399.41
70,500 at 5.49%$399.85
70,500 at 5.5%$400.29
70,500 at 5.51%$400.73
70,500 at 5.52%$401.18
70,500 at 5.53%$401.62
70,500 at 5.54%$402.06
70,500 at 5.55%$402.51
70,500 at 5.56%$402.95
70,500 at 5.57%$403.39
70,500 at 5.58%$403.84
70,500 at 5.59%$404.28
70,500 at 5.6%$404.73
70,500 at 5.61%$405.17
70,500 at 5.62%$405.62
70,500 at 5.63%$406.06
70,500 at 5.64%$406.51
70,500 at 5.65%$406.95
70,500 at 5.66%$407.40
70,500 at 5.67%$407.84
70,500 at 5.68%$408.29
70,500 at 5.69%$408.74
70,500 at 5.7%$409.18
70,500 at 5.71%$409.63
70,500 at 5.72%$410.08
70,500 at 5.73%$410.52
70,500 at 5.74%$410.97
70,500 at 5.75%$411.42
70,500 at 5.76%$411.87
70,500 at 5.77%$412.32
70,500 at 5.78%$412.76
70,500 at 5.79%$413.21
70,500 at 5.8%$413.66
70,500 at 5.81%$414.11
70,500 at 5.82%$414.56
70,500 at 5.83%$415.01
70,500 at 5.84%$415.46
70,500 at 5.85%$415.91
70,500 at 5.86%$416.36
70,500 at 5.87%$416.81
70,500 at 5.88%$417.26
70,500 at 5.89%$417.71
70,500 at 5.9%$418.16
70,500 at 5.91%$418.61
70,500 at 5.92%$419.06
70,500 at 5.93%$419.52
70,500 at 5.94%$419.97
70,500 at 5.95%$420.42
70,500 at 5.96%$420.87
70,500 at 5.97%$421.32
70,500 at 5.98%$421.78
70,500 at 5.99%$422.23
70,500 at 6%$422.68
70,500 at 6.01%$423.14
70,500 at 6.02%$423.59
70,500 at 6.03%$424.04
70,500 at 6.04%$424.50
70,500 at 6.05%$424.95
70,500 at 6.06%$425.41
70,500 at 6.07%$425.86
70,500 at 6.08%$426.32
70,500 at 6.09%$426.77
70,500 at 6.1%$427.23
70,500 at 6.11%$427.68
70,500 at 6.12%$428.14
70,500 at 6.13%$428.59
70,500 at 6.14%$429.05
70,500 at 6.15%$429.51
70,500 at 6.16%$429.96
70,500 at 6.17%$430.42
70,500 at 6.18%$430.88
70,500 at 6.19%$431.33
70,500 at 6.2%$431.79
70,500 at 6.21%$432.25
70,500 at 6.22%$432.71
70,500 at 6.23%$433.16
70,500 at 6.24%$433.62
70,500 at 6.25%$434.08
70,500 at 6.26%$434.54
70,500 at 6.27%$435.00
70,500 at 6.28%$435.46
70,500 at 6.29%$435.92
70,500 at 6.3%$436.38
70,500 at 6.31%$436.84
70,500 at 6.32%$437.30
70,500 at 6.33%$437.76
70,500 at 6.34%$438.22
70,500 at 6.35%$438.68
70,500 at 6.36%$439.14
70,500 at 6.37%$439.60
70,500 at 6.38%$440.06
70,500 at 6.39%$440.52
70,500 at 6.4%$440.98
70,500 at 6.41%$441.44
70,500 at 6.42%$441.91
70,500 at 6.43%$442.37
70,500 at 6.44%$442.83
70,500 at 6.45%$443.29
70,500 at 6.46%$443.76
70,500 at 6.47%$444.22
70,500 at 6.48%$444.68
70,500 at 6.49%$445.14
70,500 at 6.5%$445.61
Interest Rate 30 Year
70,500 at 6.51%$446.07
70,500 at 6.52%$446.54
70,500 at 6.53%$447.00
70,500 at 6.54%$447.46
70,500 at 6.55%$447.93
70,500 at 6.56%$448.39
70,500 at 6.57%$448.86
70,500 at 6.58%$449.32
70,500 at 6.59%$449.79
70,500 at 6.6%$450.25
70,500 at 6.61%$450.72
70,500 at 6.62%$451.19
70,500 at 6.63%$451.65
70,500 at 6.64%$452.12
70,500 at 6.65%$452.59
70,500 at 6.66%$453.05
70,500 at 6.67%$453.52
70,500 at 6.68%$453.99
70,500 at 6.69%$454.45
70,500 at 6.7%$454.92
70,500 at 6.71%$455.39
70,500 at 6.72%$455.86
70,500 at 6.73%$456.32
70,500 at 6.74%$456.79
70,500 at 6.75%$457.26
70,500 at 6.76%$457.73
70,500 at 6.77%$458.20
70,500 at 6.78%$458.67
70,500 at 6.79%$459.14
70,500 at 6.8%$459.61
70,500 at 6.81%$460.08
70,500 at 6.82%$460.55
70,500 at 6.83%$461.02
70,500 at 6.84%$461.49
70,500 at 6.85%$461.96
70,500 at 6.86%$462.43
70,500 at 6.87%$462.90
70,500 at 6.88%$463.37
70,500 at 6.89%$463.84
70,500 at 6.9%$464.31
70,500 at 6.91%$464.78
70,500 at 6.92%$465.26
70,500 at 6.93%$465.73
70,500 at 6.94%$466.20
70,500 at 6.95%$466.67
70,500 at 6.96%$467.15
70,500 at 6.97%$467.62
70,500 at 6.98%$468.09
70,500 at 6.99%$468.56
70,500 at 7%$469.04
70,500 at 7.01%$469.51
70,500 at 7.02%$469.99
70,500 at 7.03%$470.46
70,500 at 7.04%$470.93
70,500 at 7.05%$471.41
70,500 at 7.06%$471.88
70,500 at 7.07%$472.36
70,500 at 7.08%$472.83
70,500 at 7.09%$473.31
70,500 at 7.1%$473.78
70,500 at 7.11%$474.26
70,500 at 7.12%$474.73
70,500 at 7.13%$475.21
70,500 at 7.14%$475.69
70,500 at 7.15%$476.16
70,500 at 7.16%$476.64
70,500 at 7.17%$477.11
70,500 at 7.18%$477.59
70,500 at 7.19%$478.07
70,500 at 7.2%$478.55
70,500 at 7.21%$479.02
70,500 at 7.22%$479.50
70,500 at 7.23%$479.98
70,500 at 7.24%$480.46
70,500 at 7.25%$480.93
70,500 at 7.26%$481.41
70,500 at 7.27%$481.89
70,500 at 7.28%$482.37
70,500 at 7.29%$482.85
70,500 at 7.3%$483.33
70,500 at 7.31%$483.81
70,500 at 7.32%$484.29
70,500 at 7.33%$484.77
70,500 at 7.34%$485.25
70,500 at 7.35%$485.73
70,500 at 7.36%$486.21
70,500 at 7.37%$486.69
70,500 at 7.38%$487.17
70,500 at 7.39%$487.65
70,500 at 7.4%$488.13
70,500 at 7.41%$488.61
70,500 at 7.42%$489.09
70,500 at 7.43%$489.57
70,500 at 7.44%$490.05
70,500 at 7.45%$490.53
70,500 at 7.46%$491.02
70,500 at 7.47%$491.50
70,500 at 7.48%$491.98
70,500 at 7.49%$492.46
70,500 at 7.5%$492.95
70,500 at 7.51%$493.43
70,500 at 7.52%$493.91
70,500 at 7.53%$494.40
70,500 at 7.54%$494.88
70,500 at 7.55%$495.36
70,500 at 7.56%$495.85
70,500 at 7.57%$496.33
70,500 at 7.58%$496.81
70,500 at 7.59%$497.30
70,500 at 7.6%$497.78
70,500 at 7.61%$498.27
70,500 at 7.62%$498.75
70,500 at 7.63%$499.24
70,500 at 7.64%$499.72
70,500 at 7.65%$500.21
70,500 at 7.66%$500.69
70,500 at 7.67%$501.18
70,500 at 7.68%$501.66
70,500 at 7.69%$502.15
70,500 at 7.7%$502.64
70,500 at 7.71%$503.12
70,500 at 7.72%$503.61
70,500 at 7.73%$504.10
70,500 at 7.74%$504.58
70,500 at 7.75%$505.07
70,500 at 7.76%$505.56
70,500 at 7.77%$506.05
70,500 at 7.78%$506.53
70,500 at 7.79%$507.02
70,500 at 7.8%$507.51
70,500 at 7.81%$508.00
70,500 at 7.82%$508.49
70,500 at 7.83%$508.97
70,500 at 7.84%$509.46
70,500 at 7.85%$509.95
70,500 at 7.86%$510.44
70,500 at 7.87%$510.93
70,500 at 7.88%$511.42
70,500 at 7.89%$511.91
70,500 at 7.9%$512.40
70,500 at 7.91%$512.89
70,500 at 7.92%$513.38
70,500 at 7.93%$513.87
70,500 at 7.94%$514.36
70,500 at 7.95%$514.85
70,500 at 7.96%$515.34
70,500 at 7.97%$515.83
70,500 at 7.98%$516.32
70,500 at 7.99%$516.81
70,500 at 8%$517.30
More Amounts
What is the down payment for a $70,500 house? How much do you need to put down?
Percent Down Down Payment
1%705
2%1,410
3%2,115
4%2,820
5%3,525
6%4,230
7%4,935
8%5,640
9%6,345
10%7,050
11%7,755
12%8,460
13%9,165
14%9,870
15%10,575
16%11,280
17%11,985
18%12,690
19%13,395
20%14,100
Percent Down Down Payment
21%14,805
22%15,510
23%16,215
24%16,920
25%17,625
26%18,330
27%19,035
28%19,740
29%20,445
30%21,150
31%21,855
32%22,560
33%23,265
34%23,970
35%24,675
36%25,380
37%26,085
38%26,790
39%27,495
40%28,200
Percent Down Down Payment
41%28,905
42%29,610
43%30,315
44%31,020
45%31,725
46%32,430
47%33,135
48%33,840
49%34,545
50%35,250
51%35,955
52%36,660
53%37,365
54%38,070
55%38,775
56%39,480
57%40,185
58%40,890
59%41,595
60%42,300
Percent Down Down Payment
61%43,005
62%43,710
63%44,415
64%45,120
65%45,825
66%46,530
67%47,235
68%47,940
69%48,645
70%49,350
71%50,055
72%50,760
73%51,465
74%52,170
75%52,875
76%53,580
77%54,285
78%54,990
79%55,695
80%56,400
Percent Down Down Payment
81%57,105
82%57,810
83%58,515
84%59,220
85%59,925
86%60,630
87%61,335
88%62,040
89%62,745
90%63,450
91%64,155
92%64,860
93%65,565
94%66,270
95%66,975
96%67,680
97%68,385
98%69,090
99%69,795
100%70,500
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.