$70,700 Mortgage for 30 Years

What is the monthly payment of a 70,700 dollar loan?
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Loan Tables for a $70,700 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 $70,700 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
70,700 at 2.01%$261.67
70,700 at 2.02%$262.03
70,700 at 2.03%$262.38
70,700 at 2.04%$262.74
70,700 at 2.05%$263.09
70,700 at 2.06%$263.45
70,700 at 2.07%$263.80
70,700 at 2.08%$264.16
70,700 at 2.09%$264.51
70,700 at 2.1%$264.87
70,700 at 2.11%$265.23
70,700 at 2.12%$265.58
70,700 at 2.13%$265.94
70,700 at 2.14%$266.30
70,700 at 2.15%$266.66
70,700 at 2.16%$267.01
70,700 at 2.17%$267.37
70,700 at 2.18%$267.73
70,700 at 2.19%$268.09
70,700 at 2.2%$268.45
70,700 at 2.21%$268.81
70,700 at 2.22%$269.17
70,700 at 2.23%$269.53
70,700 at 2.24%$269.89
70,700 at 2.25%$270.25
70,700 at 2.26%$270.61
70,700 at 2.27%$270.97
70,700 at 2.28%$271.33
70,700 at 2.29%$271.69
70,700 at 2.3%$272.05
70,700 at 2.31%$272.42
70,700 at 2.32%$272.78
70,700 at 2.33%$273.14
70,700 at 2.34%$273.50
70,700 at 2.35%$273.87
70,700 at 2.36%$274.23
70,700 at 2.37%$274.60
70,700 at 2.38%$274.96
70,700 at 2.39%$275.32
70,700 at 2.4%$275.69
70,700 at 2.41%$276.05
70,700 at 2.42%$276.42
70,700 at 2.43%$276.78
70,700 at 2.44%$277.15
70,700 at 2.45%$277.52
70,700 at 2.46%$277.88
70,700 at 2.47%$278.25
70,700 at 2.48%$278.62
70,700 at 2.49%$278.98
70,700 at 2.5%$279.35
70,700 at 2.51%$279.72
70,700 at 2.52%$280.09
70,700 at 2.53%$280.45
70,700 at 2.54%$280.82
70,700 at 2.55%$281.19
70,700 at 2.56%$281.56
70,700 at 2.57%$281.93
70,700 at 2.58%$282.30
70,700 at 2.59%$282.67
70,700 at 2.6%$283.04
70,700 at 2.61%$283.41
70,700 at 2.62%$283.78
70,700 at 2.63%$284.15
70,700 at 2.64%$284.52
70,700 at 2.65%$284.90
70,700 at 2.66%$285.27
70,700 at 2.67%$285.64
70,700 at 2.68%$286.01
70,700 at 2.69%$286.38
70,700 at 2.7%$286.76
70,700 at 2.71%$287.13
70,700 at 2.72%$287.50
70,700 at 2.73%$287.88
70,700 at 2.74%$288.25
70,700 at 2.75%$288.63
70,700 at 2.76%$289.00
70,700 at 2.77%$289.38
70,700 at 2.78%$289.75
70,700 at 2.79%$290.13
70,700 at 2.8%$290.50
70,700 at 2.81%$290.88
70,700 at 2.82%$291.25
70,700 at 2.83%$291.63
70,700 at 2.84%$292.01
70,700 at 2.85%$292.39
70,700 at 2.86%$292.76
70,700 at 2.87%$293.14
70,700 at 2.88%$293.52
70,700 at 2.89%$293.90
70,700 at 2.9%$294.27
70,700 at 2.91%$294.65
70,700 at 2.92%$295.03
70,700 at 2.93%$295.41
70,700 at 2.94%$295.79
70,700 at 2.95%$296.17
70,700 at 2.96%$296.55
70,700 at 2.97%$296.93
70,700 at 2.98%$297.31
70,700 at 2.99%$297.69
70,700 at 3%$298.07
70,700 at 3.01%$298.46
70,700 at 3.02%$298.84
70,700 at 3.03%$299.22
70,700 at 3.04%$299.60
70,700 at 3.05%$299.98
70,700 at 3.06%$300.37
70,700 at 3.07%$300.75
70,700 at 3.08%$301.13
70,700 at 3.09%$301.52
70,700 at 3.1%$301.90
70,700 at 3.11%$302.28
70,700 at 3.12%$302.67
70,700 at 3.13%$303.05
70,700 at 3.14%$303.44
70,700 at 3.15%$303.82
70,700 at 3.16%$304.21
70,700 at 3.17%$304.60
70,700 at 3.18%$304.98
70,700 at 3.19%$305.37
70,700 at 3.2%$305.75
70,700 at 3.21%$306.14
70,700 at 3.22%$306.53
70,700 at 3.23%$306.92
70,700 at 3.24%$307.30
70,700 at 3.25%$307.69
70,700 at 3.26%$308.08
70,700 at 3.27%$308.47
70,700 at 3.28%$308.86
70,700 at 3.29%$309.25
70,700 at 3.3%$309.63
70,700 at 3.31%$310.02
70,700 at 3.32%$310.41
70,700 at 3.33%$310.80
70,700 at 3.34%$311.19
70,700 at 3.35%$311.58
70,700 at 3.36%$311.98
70,700 at 3.37%$312.37
70,700 at 3.38%$312.76
70,700 at 3.39%$313.15
70,700 at 3.4%$313.54
70,700 at 3.41%$313.93
70,700 at 3.42%$314.33
70,700 at 3.43%$314.72
70,700 at 3.44%$315.11
70,700 at 3.45%$315.50
70,700 at 3.46%$315.90
70,700 at 3.47%$316.29
70,700 at 3.48%$316.69
70,700 at 3.49%$317.08
70,700 at 3.5%$317.47
Interest Rate 30 Year
70,700 at 3.51%$317.87
70,700 at 3.52%$318.26
70,700 at 3.53%$318.66
70,700 at 3.54%$319.06
70,700 at 3.55%$319.45
70,700 at 3.56%$319.85
70,700 at 3.57%$320.24
70,700 at 3.58%$320.64
70,700 at 3.59%$321.04
70,700 at 3.6%$321.43
70,700 at 3.61%$321.83
70,700 at 3.62%$322.23
70,700 at 3.63%$322.63
70,700 at 3.64%$323.03
70,700 at 3.65%$323.42
70,700 at 3.66%$323.82
70,700 at 3.67%$324.22
70,700 at 3.68%$324.62
70,700 at 3.69%$325.02
70,700 at 3.7%$325.42
70,700 at 3.71%$325.82
70,700 at 3.72%$326.22
70,700 at 3.73%$326.62
70,700 at 3.74%$327.02
70,700 at 3.75%$327.42
70,700 at 3.76%$327.82
70,700 at 3.77%$328.23
70,700 at 3.78%$328.63
70,700 at 3.79%$329.03
70,700 at 3.8%$329.43
70,700 at 3.81%$329.83
70,700 at 3.82%$330.24
70,700 at 3.83%$330.64
70,700 at 3.84%$331.04
70,700 at 3.85%$331.45
70,700 at 3.86%$331.85
70,700 at 3.87%$332.26
70,700 at 3.88%$332.66
70,700 at 3.89%$333.06
70,700 at 3.9%$333.47
70,700 at 3.91%$333.87
70,700 at 3.92%$334.28
70,700 at 3.93%$334.69
70,700 at 3.94%$335.09
70,700 at 3.95%$335.50
70,700 at 3.96%$335.90
70,700 at 3.97%$336.31
70,700 at 3.98%$336.72
70,700 at 3.99%$337.13
70,700 at 4%$337.53
70,700 at 4.01%$337.94
70,700 at 4.02%$338.35
70,700 at 4.03%$338.76
70,700 at 4.04%$339.17
70,700 at 4.05%$339.57
70,700 at 4.06%$339.98
70,700 at 4.07%$340.39
70,700 at 4.08%$340.80
70,700 at 4.09%$341.21
70,700 at 4.1%$341.62
70,700 at 4.11%$342.03
70,700 at 4.12%$342.44
70,700 at 4.13%$342.85
70,700 at 4.14%$343.26
70,700 at 4.15%$343.68
70,700 at 4.16%$344.09
70,700 at 4.17%$344.50
70,700 at 4.18%$344.91
70,700 at 4.19%$345.32
70,700 at 4.2%$345.74
70,700 at 4.21%$346.15
70,700 at 4.22%$346.56
70,700 at 4.23%$346.97
70,700 at 4.24%$347.39
70,700 at 4.25%$347.80
70,700 at 4.26%$348.22
70,700 at 4.27%$348.63
70,700 at 4.28%$349.04
70,700 at 4.29%$349.46
70,700 at 4.3%$349.87
70,700 at 4.31%$350.29
70,700 at 4.32%$350.70
70,700 at 4.33%$351.12
70,700 at 4.34%$351.54
70,700 at 4.35%$351.95
70,700 at 4.36%$352.37
70,700 at 4.37%$352.79
70,700 at 4.38%$353.20
70,700 at 4.39%$353.62
70,700 at 4.4%$354.04
70,700 at 4.41%$354.46
70,700 at 4.42%$354.87
70,700 at 4.43%$355.29
70,700 at 4.44%$355.71
70,700 at 4.45%$356.13
70,700 at 4.46%$356.55
70,700 at 4.47%$356.97
70,700 at 4.48%$357.39
70,700 at 4.49%$357.81
70,700 at 4.5%$358.23
70,700 at 4.51%$358.65
70,700 at 4.52%$359.07
70,700 at 4.53%$359.49
70,700 at 4.54%$359.91
70,700 at 4.55%$360.33
70,700 at 4.56%$360.75
70,700 at 4.57%$361.17
70,700 at 4.58%$361.60
70,700 at 4.59%$362.02
70,700 at 4.6%$362.44
70,700 at 4.61%$362.86
70,700 at 4.62%$363.29
70,700 at 4.63%$363.71
70,700 at 4.64%$364.13
70,700 at 4.65%$364.56
70,700 at 4.66%$364.98
70,700 at 4.67%$365.40
70,700 at 4.68%$365.83
70,700 at 4.69%$366.25
70,700 at 4.7%$366.68
70,700 at 4.71%$367.10
70,700 at 4.72%$367.53
70,700 at 4.73%$367.95
70,700 at 4.74%$368.38
70,700 at 4.75%$368.80
70,700 at 4.76%$369.23
70,700 at 4.77%$369.66
70,700 at 4.78%$370.08
70,700 at 4.79%$370.51
70,700 at 4.8%$370.94
70,700 at 4.81%$371.37
70,700 at 4.82%$371.79
70,700 at 4.83%$372.22
70,700 at 4.84%$372.65
70,700 at 4.85%$373.08
70,700 at 4.86%$373.51
70,700 at 4.87%$373.94
70,700 at 4.88%$374.36
70,700 at 4.89%$374.79
70,700 at 4.9%$375.22
70,700 at 4.91%$375.65
70,700 at 4.92%$376.08
70,700 at 4.93%$376.51
70,700 at 4.94%$376.94
70,700 at 4.95%$377.38
70,700 at 4.96%$377.81
70,700 at 4.97%$378.24
70,700 at 4.98%$378.67
70,700 at 4.99%$379.10
70,700 at 5%$379.53
Interest Rate 30 Year
70,700 at 5.01%$379.97
70,700 at 5.02%$380.40
70,700 at 5.03%$380.83
70,700 at 5.04%$381.26
70,700 at 5.05%$381.70
70,700 at 5.06%$382.13
70,700 at 5.07%$382.56
70,700 at 5.08%$383.00
70,700 at 5.09%$383.43
70,700 at 5.1%$383.87
70,700 at 5.11%$384.30
70,700 at 5.12%$384.73
70,700 at 5.13%$385.17
70,700 at 5.14%$385.61
70,700 at 5.15%$386.04
70,700 at 5.16%$386.48
70,700 at 5.17%$386.91
70,700 at 5.18%$387.35
70,700 at 5.19%$387.78
70,700 at 5.2%$388.22
70,700 at 5.21%$388.66
70,700 at 5.22%$389.10
70,700 at 5.23%$389.53
70,700 at 5.24%$389.97
70,700 at 5.25%$390.41
70,700 at 5.26%$390.85
70,700 at 5.27%$391.28
70,700 at 5.28%$391.72
70,700 at 5.29%$392.16
70,700 at 5.3%$392.60
70,700 at 5.31%$393.04
70,700 at 5.32%$393.48
70,700 at 5.33%$393.92
70,700 at 5.34%$394.36
70,700 at 5.35%$394.80
70,700 at 5.36%$395.24
70,700 at 5.37%$395.68
70,700 at 5.38%$396.12
70,700 at 5.39%$396.56
70,700 at 5.4%$397.00
70,700 at 5.41%$397.44
70,700 at 5.42%$397.89
70,700 at 5.43%$398.33
70,700 at 5.44%$398.77
70,700 at 5.45%$399.21
70,700 at 5.46%$399.65
70,700 at 5.47%$400.10
70,700 at 5.48%$400.54
70,700 at 5.49%$400.98
70,700 at 5.5%$401.43
70,700 at 5.51%$401.87
70,700 at 5.52%$402.31
70,700 at 5.53%$402.76
70,700 at 5.54%$403.20
70,700 at 5.55%$403.65
70,700 at 5.56%$404.09
70,700 at 5.57%$404.54
70,700 at 5.58%$404.98
70,700 at 5.59%$405.43
70,700 at 5.6%$405.87
70,700 at 5.61%$406.32
70,700 at 5.62%$406.77
70,700 at 5.63%$407.21
70,700 at 5.64%$407.66
70,700 at 5.65%$408.11
70,700 at 5.66%$408.55
70,700 at 5.67%$409.00
70,700 at 5.68%$409.45
70,700 at 5.69%$409.90
70,700 at 5.7%$410.34
70,700 at 5.71%$410.79
70,700 at 5.72%$411.24
70,700 at 5.73%$411.69
70,700 at 5.74%$412.14
70,700 at 5.75%$412.59
70,700 at 5.76%$413.04
70,700 at 5.77%$413.48
70,700 at 5.78%$413.93
70,700 at 5.79%$414.38
70,700 at 5.8%$414.83
70,700 at 5.81%$415.28
70,700 at 5.82%$415.74
70,700 at 5.83%$416.19
70,700 at 5.84%$416.64
70,700 at 5.85%$417.09
70,700 at 5.86%$417.54
70,700 at 5.87%$417.99
70,700 at 5.88%$418.44
70,700 at 5.89%$418.90
70,700 at 5.9%$419.35
70,700 at 5.91%$419.80
70,700 at 5.92%$420.25
70,700 at 5.93%$420.71
70,700 at 5.94%$421.16
70,700 at 5.95%$421.61
70,700 at 5.96%$422.07
70,700 at 5.97%$422.52
70,700 at 5.98%$422.97
70,700 at 5.99%$423.43
70,700 at 6%$423.88
70,700 at 6.01%$424.34
70,700 at 6.02%$424.79
70,700 at 6.03%$425.25
70,700 at 6.04%$425.70
70,700 at 6.05%$426.16
70,700 at 6.06%$426.61
70,700 at 6.07%$427.07
70,700 at 6.08%$427.53
70,700 at 6.09%$427.98
70,700 at 6.1%$428.44
70,700 at 6.11%$428.90
70,700 at 6.12%$429.35
70,700 at 6.13%$429.81
70,700 at 6.14%$430.27
70,700 at 6.15%$430.72
70,700 at 6.16%$431.18
70,700 at 6.17%$431.64
70,700 at 6.18%$432.10
70,700 at 6.19%$432.56
70,700 at 6.2%$433.02
70,700 at 6.21%$433.47
70,700 at 6.22%$433.93
70,700 at 6.23%$434.39
70,700 at 6.24%$434.85
70,700 at 6.25%$435.31
70,700 at 6.26%$435.77
70,700 at 6.27%$436.23
70,700 at 6.28%$436.69
70,700 at 6.29%$437.15
70,700 at 6.3%$437.61
70,700 at 6.31%$438.07
70,700 at 6.32%$438.54
70,700 at 6.33%$439.00
70,700 at 6.34%$439.46
70,700 at 6.35%$439.92
70,700 at 6.36%$440.38
70,700 at 6.37%$440.84
70,700 at 6.38%$441.31
70,700 at 6.39%$441.77
70,700 at 6.4%$442.23
70,700 at 6.41%$442.70
70,700 at 6.42%$443.16
70,700 at 6.43%$443.62
70,700 at 6.44%$444.09
70,700 at 6.45%$444.55
70,700 at 6.46%$445.01
70,700 at 6.47%$445.48
70,700 at 6.48%$445.94
70,700 at 6.49%$446.41
70,700 at 6.5%$446.87
Interest Rate 30 Year
70,700 at 6.51%$447.34
70,700 at 6.52%$447.80
70,700 at 6.53%$448.27
70,700 at 6.54%$448.73
70,700 at 6.55%$449.20
70,700 at 6.56%$449.67
70,700 at 6.57%$450.13
70,700 at 6.58%$450.60
70,700 at 6.59%$451.06
70,700 at 6.6%$451.53
70,700 at 6.61%$452.00
70,700 at 6.62%$452.47
70,700 at 6.63%$452.93
70,700 at 6.64%$453.40
70,700 at 6.65%$453.87
70,700 at 6.66%$454.34
70,700 at 6.67%$454.81
70,700 at 6.68%$455.27
70,700 at 6.69%$455.74
70,700 at 6.7%$456.21
70,700 at 6.71%$456.68
70,700 at 6.72%$457.15
70,700 at 6.73%$457.62
70,700 at 6.74%$458.09
70,700 at 6.75%$458.56
70,700 at 6.76%$459.03
70,700 at 6.77%$459.50
70,700 at 6.78%$459.97
70,700 at 6.79%$460.44
70,700 at 6.8%$460.91
70,700 at 6.81%$461.38
70,700 at 6.82%$461.85
70,700 at 6.83%$462.32
70,700 at 6.84%$462.80
70,700 at 6.85%$463.27
70,700 at 6.86%$463.74
70,700 at 6.87%$464.21
70,700 at 6.88%$464.68
70,700 at 6.89%$465.16
70,700 at 6.9%$465.63
70,700 at 6.91%$466.10
70,700 at 6.92%$466.58
70,700 at 6.93%$467.05
70,700 at 6.94%$467.52
70,700 at 6.95%$468.00
70,700 at 6.96%$468.47
70,700 at 6.97%$468.95
70,700 at 6.98%$469.42
70,700 at 6.99%$469.89
70,700 at 7%$470.37
70,700 at 7.01%$470.84
70,700 at 7.02%$471.32
70,700 at 7.03%$471.79
70,700 at 7.04%$472.27
70,700 at 7.05%$472.75
70,700 at 7.06%$473.22
70,700 at 7.07%$473.70
70,700 at 7.08%$474.17
70,700 at 7.09%$474.65
70,700 at 7.1%$475.13
70,700 at 7.11%$475.60
70,700 at 7.12%$476.08
70,700 at 7.13%$476.56
70,700 at 7.14%$477.04
70,700 at 7.15%$477.51
70,700 at 7.16%$477.99
70,700 at 7.17%$478.47
70,700 at 7.18%$478.95
70,700 at 7.19%$479.42
70,700 at 7.2%$479.90
70,700 at 7.21%$480.38
70,700 at 7.22%$480.86
70,700 at 7.23%$481.34
70,700 at 7.24%$481.82
70,700 at 7.25%$482.30
70,700 at 7.26%$482.78
70,700 at 7.27%$483.26
70,700 at 7.28%$483.74
70,700 at 7.29%$484.22
70,700 at 7.3%$484.70
70,700 at 7.31%$485.18
70,700 at 7.32%$485.66
70,700 at 7.33%$486.14
70,700 at 7.34%$486.62
70,700 at 7.35%$487.10
70,700 at 7.36%$487.58
70,700 at 7.37%$488.07
70,700 at 7.38%$488.55
70,700 at 7.39%$489.03
70,700 at 7.4%$489.51
70,700 at 7.41%$489.99
70,700 at 7.42%$490.48
70,700 at 7.43%$490.96
70,700 at 7.44%$491.44
70,700 at 7.45%$491.93
70,700 at 7.46%$492.41
70,700 at 7.47%$492.89
70,700 at 7.48%$493.38
70,700 at 7.49%$493.86
70,700 at 7.5%$494.34
70,700 at 7.51%$494.83
70,700 at 7.52%$495.31
70,700 at 7.53%$495.80
70,700 at 7.54%$496.28
70,700 at 7.55%$496.77
70,700 at 7.56%$497.25
70,700 at 7.57%$497.74
70,700 at 7.58%$498.22
70,700 at 7.59%$498.71
70,700 at 7.6%$499.19
70,700 at 7.61%$499.68
70,700 at 7.62%$500.17
70,700 at 7.63%$500.65
70,700 at 7.64%$501.14
70,700 at 7.65%$501.63
70,700 at 7.66%$502.11
70,700 at 7.67%$502.60
70,700 at 7.68%$503.09
70,700 at 7.69%$503.58
70,700 at 7.7%$504.06
70,700 at 7.71%$504.55
70,700 at 7.72%$505.04
70,700 at 7.73%$505.53
70,700 at 7.74%$506.01
70,700 at 7.75%$506.50
70,700 at 7.76%$506.99
70,700 at 7.77%$507.48
70,700 at 7.78%$507.97
70,700 at 7.79%$508.46
70,700 at 7.8%$508.95
70,700 at 7.81%$509.44
70,700 at 7.82%$509.93
70,700 at 7.83%$510.42
70,700 at 7.84%$510.91
70,700 at 7.85%$511.40
70,700 at 7.86%$511.89
70,700 at 7.87%$512.38
70,700 at 7.88%$512.87
70,700 at 7.89%$513.36
70,700 at 7.9%$513.85
70,700 at 7.91%$514.34
70,700 at 7.92%$514.83
70,700 at 7.93%$515.33
70,700 at 7.94%$515.82
70,700 at 7.95%$516.31
70,700 at 7.96%$516.80
70,700 at 7.97%$517.29
70,700 at 7.98%$517.79
70,700 at 7.99%$518.28
70,700 at 8%$518.77
More Amounts
What is the down payment for a $70,700 house? How much do you need to put down?
Percent Down Down Payment
1%707
2%1,414
3%2,121
4%2,828
5%3,535
6%4,242
7%4,949
8%5,656
9%6,363
10%7,070
11%7,777
12%8,484
13%9,191
14%9,898
15%10,605
16%11,312
17%12,019
18%12,726
19%13,433
20%14,140
Percent Down Down Payment
21%14,847
22%15,554
23%16,261
24%16,968
25%17,675
26%18,382
27%19,089
28%19,796
29%20,503
30%21,210
31%21,917
32%22,624
33%23,331
34%24,038
35%24,745
36%25,452
37%26,159
38%26,866
39%27,573
40%28,280
Percent Down Down Payment
41%28,987
42%29,694
43%30,401
44%31,108
45%31,815
46%32,522
47%33,229
48%33,936
49%34,643
50%35,350
51%36,057
52%36,764
53%37,471
54%38,178
55%38,885
56%39,592
57%40,299
58%41,006
59%41,713
60%42,420
Percent Down Down Payment
61%43,127
62%43,834
63%44,541
64%45,248
65%45,955
66%46,662
67%47,369
68%48,076
69%48,783
70%49,490
71%50,197
72%50,904
73%51,611
74%52,318
75%53,025
76%53,732
77%54,439
78%55,146
79%55,853
80%56,560
Percent Down Down Payment
81%57,267
82%57,974
83%58,681
84%59,388
85%60,095
86%60,802
87%61,509
88%62,216
89%62,923
90%63,630
91%64,337
92%65,044
93%65,751
94%66,458
95%67,165
96%67,872
97%68,579
98%69,286
99%69,993
100%70,700
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.