$71,250 Mortgage for 30 Years

What is the monthly payment of a 71,250 dollar loan?
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Loan Tables for a $71,250 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 $71,250 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
71,250 at 2.01%$263.71
71,250 at 2.02%$264.07
71,250 at 2.03%$264.42
71,250 at 2.04%$264.78
71,250 at 2.05%$265.14
71,250 at 2.06%$265.50
71,250 at 2.07%$265.85
71,250 at 2.08%$266.21
71,250 at 2.09%$266.57
71,250 at 2.1%$266.93
71,250 at 2.11%$267.29
71,250 at 2.12%$267.65
71,250 at 2.13%$268.01
71,250 at 2.14%$268.37
71,250 at 2.15%$268.73
71,250 at 2.16%$269.09
71,250 at 2.17%$269.45
71,250 at 2.18%$269.81
71,250 at 2.19%$270.17
71,250 at 2.2%$270.54
71,250 at 2.21%$270.90
71,250 at 2.22%$271.26
71,250 at 2.23%$271.62
71,250 at 2.24%$271.99
71,250 at 2.25%$272.35
71,250 at 2.26%$272.71
71,250 at 2.27%$273.08
71,250 at 2.28%$273.44
71,250 at 2.29%$273.81
71,250 at 2.3%$274.17
71,250 at 2.31%$274.54
71,250 at 2.32%$274.90
71,250 at 2.33%$275.27
71,250 at 2.34%$275.63
71,250 at 2.35%$276.00
71,250 at 2.36%$276.36
71,250 at 2.37%$276.73
71,250 at 2.38%$277.10
71,250 at 2.39%$277.47
71,250 at 2.4%$277.83
71,250 at 2.41%$278.20
71,250 at 2.42%$278.57
71,250 at 2.43%$278.94
71,250 at 2.44%$279.31
71,250 at 2.45%$279.67
71,250 at 2.46%$280.04
71,250 at 2.47%$280.41
71,250 at 2.48%$280.78
71,250 at 2.49%$281.15
71,250 at 2.5%$281.52
71,250 at 2.51%$281.89
71,250 at 2.52%$282.27
71,250 at 2.53%$282.64
71,250 at 2.54%$283.01
71,250 at 2.55%$283.38
71,250 at 2.56%$283.75
71,250 at 2.57%$284.12
71,250 at 2.58%$284.50
71,250 at 2.59%$284.87
71,250 at 2.6%$285.24
71,250 at 2.61%$285.62
71,250 at 2.62%$285.99
71,250 at 2.63%$286.36
71,250 at 2.64%$286.74
71,250 at 2.65%$287.11
71,250 at 2.66%$287.49
71,250 at 2.67%$287.86
71,250 at 2.68%$288.24
71,250 at 2.69%$288.61
71,250 at 2.7%$288.99
71,250 at 2.71%$289.36
71,250 at 2.72%$289.74
71,250 at 2.73%$290.12
71,250 at 2.74%$290.49
71,250 at 2.75%$290.87
71,250 at 2.76%$291.25
71,250 at 2.77%$291.63
71,250 at 2.78%$292.01
71,250 at 2.79%$292.38
71,250 at 2.8%$292.76
71,250 at 2.81%$293.14
71,250 at 2.82%$293.52
71,250 at 2.83%$293.90
71,250 at 2.84%$294.28
71,250 at 2.85%$294.66
71,250 at 2.86%$295.04
71,250 at 2.87%$295.42
71,250 at 2.88%$295.80
71,250 at 2.89%$296.18
71,250 at 2.9%$296.56
71,250 at 2.91%$296.95
71,250 at 2.92%$297.33
71,250 at 2.93%$297.71
71,250 at 2.94%$298.09
71,250 at 2.95%$298.47
71,250 at 2.96%$298.86
71,250 at 2.97%$299.24
71,250 at 2.98%$299.62
71,250 at 2.99%$300.01
71,250 at 3%$300.39
71,250 at 3.01%$300.78
71,250 at 3.02%$301.16
71,250 at 3.03%$301.55
71,250 at 3.04%$301.93
71,250 at 3.05%$302.32
71,250 at 3.06%$302.70
71,250 at 3.07%$303.09
71,250 at 3.08%$303.48
71,250 at 3.09%$303.86
71,250 at 3.1%$304.25
71,250 at 3.11%$304.64
71,250 at 3.12%$305.02
71,250 at 3.13%$305.41
71,250 at 3.14%$305.80
71,250 at 3.15%$306.19
71,250 at 3.16%$306.58
71,250 at 3.17%$306.96
71,250 at 3.18%$307.35
71,250 at 3.19%$307.74
71,250 at 3.2%$308.13
71,250 at 3.21%$308.52
71,250 at 3.22%$308.91
71,250 at 3.23%$309.30
71,250 at 3.24%$309.69
71,250 at 3.25%$310.08
71,250 at 3.26%$310.48
71,250 at 3.27%$310.87
71,250 at 3.28%$311.26
71,250 at 3.29%$311.65
71,250 at 3.3%$312.04
71,250 at 3.31%$312.44
71,250 at 3.32%$312.83
71,250 at 3.33%$313.22
71,250 at 3.34%$313.61
71,250 at 3.35%$314.01
71,250 at 3.36%$314.40
71,250 at 3.37%$314.80
71,250 at 3.38%$315.19
71,250 at 3.39%$315.59
71,250 at 3.4%$315.98
71,250 at 3.41%$316.38
71,250 at 3.42%$316.77
71,250 at 3.43%$317.17
71,250 at 3.44%$317.56
71,250 at 3.45%$317.96
71,250 at 3.46%$318.36
71,250 at 3.47%$318.75
71,250 at 3.48%$319.15
71,250 at 3.49%$319.55
71,250 at 3.5%$319.94
Interest Rate 30 Year
71,250 at 3.51%$320.34
71,250 at 3.52%$320.74
71,250 at 3.53%$321.14
71,250 at 3.54%$321.54
71,250 at 3.55%$321.94
71,250 at 3.56%$322.34
71,250 at 3.57%$322.73
71,250 at 3.58%$323.13
71,250 at 3.59%$323.53
71,250 at 3.6%$323.93
71,250 at 3.61%$324.34
71,250 at 3.62%$324.74
71,250 at 3.63%$325.14
71,250 at 3.64%$325.54
71,250 at 3.65%$325.94
71,250 at 3.66%$326.34
71,250 at 3.67%$326.74
71,250 at 3.68%$327.15
71,250 at 3.69%$327.55
71,250 at 3.7%$327.95
71,250 at 3.71%$328.35
71,250 at 3.72%$328.76
71,250 at 3.73%$329.16
71,250 at 3.74%$329.57
71,250 at 3.75%$329.97
71,250 at 3.76%$330.37
71,250 at 3.77%$330.78
71,250 at 3.78%$331.18
71,250 at 3.79%$331.59
71,250 at 3.8%$331.99
71,250 at 3.81%$332.40
71,250 at 3.82%$332.81
71,250 at 3.83%$333.21
71,250 at 3.84%$333.62
71,250 at 3.85%$334.03
71,250 at 3.86%$334.43
71,250 at 3.87%$334.84
71,250 at 3.88%$335.25
71,250 at 3.89%$335.66
71,250 at 3.9%$336.06
71,250 at 3.91%$336.47
71,250 at 3.92%$336.88
71,250 at 3.93%$337.29
71,250 at 3.94%$337.70
71,250 at 3.95%$338.11
71,250 at 3.96%$338.52
71,250 at 3.97%$338.93
71,250 at 3.98%$339.34
71,250 at 3.99%$339.75
71,250 at 4%$340.16
71,250 at 4.01%$340.57
71,250 at 4.02%$340.98
71,250 at 4.03%$341.39
71,250 at 4.04%$341.80
71,250 at 4.05%$342.22
71,250 at 4.06%$342.63
71,250 at 4.07%$343.04
71,250 at 4.08%$343.45
71,250 at 4.09%$343.87
71,250 at 4.1%$344.28
71,250 at 4.11%$344.69
71,250 at 4.12%$345.11
71,250 at 4.13%$345.52
71,250 at 4.14%$345.93
71,250 at 4.15%$346.35
71,250 at 4.16%$346.76
71,250 at 4.17%$347.18
71,250 at 4.18%$347.59
71,250 at 4.19%$348.01
71,250 at 4.2%$348.42
71,250 at 4.21%$348.84
71,250 at 4.22%$349.26
71,250 at 4.23%$349.67
71,250 at 4.24%$350.09
71,250 at 4.25%$350.51
71,250 at 4.26%$350.92
71,250 at 4.27%$351.34
71,250 at 4.28%$351.76
71,250 at 4.29%$352.18
71,250 at 4.3%$352.60
71,250 at 4.31%$353.01
71,250 at 4.32%$353.43
71,250 at 4.33%$353.85
71,250 at 4.34%$354.27
71,250 at 4.35%$354.69
71,250 at 4.36%$355.11
71,250 at 4.37%$355.53
71,250 at 4.38%$355.95
71,250 at 4.39%$356.37
71,250 at 4.4%$356.79
71,250 at 4.41%$357.21
71,250 at 4.42%$357.63
71,250 at 4.43%$358.06
71,250 at 4.44%$358.48
71,250 at 4.45%$358.90
71,250 at 4.46%$359.32
71,250 at 4.47%$359.74
71,250 at 4.48%$360.17
71,250 at 4.49%$360.59
71,250 at 4.5%$361.01
71,250 at 4.51%$361.44
71,250 at 4.52%$361.86
71,250 at 4.53%$362.28
71,250 at 4.54%$362.71
71,250 at 4.55%$363.13
71,250 at 4.56%$363.56
71,250 at 4.57%$363.98
71,250 at 4.58%$364.41
71,250 at 4.59%$364.83
71,250 at 4.6%$365.26
71,250 at 4.61%$365.69
71,250 at 4.62%$366.11
71,250 at 4.63%$366.54
71,250 at 4.64%$366.96
71,250 at 4.65%$367.39
71,250 at 4.66%$367.82
71,250 at 4.67%$368.25
71,250 at 4.68%$368.67
71,250 at 4.69%$369.10
71,250 at 4.7%$369.53
71,250 at 4.71%$369.96
71,250 at 4.72%$370.39
71,250 at 4.73%$370.82
71,250 at 4.74%$371.24
71,250 at 4.75%$371.67
71,250 at 4.76%$372.10
71,250 at 4.77%$372.53
71,250 at 4.78%$372.96
71,250 at 4.79%$373.39
71,250 at 4.8%$373.82
71,250 at 4.81%$374.25
71,250 at 4.82%$374.69
71,250 at 4.83%$375.12
71,250 at 4.84%$375.55
71,250 at 4.85%$375.98
71,250 at 4.86%$376.41
71,250 at 4.87%$376.84
71,250 at 4.88%$377.28
71,250 at 4.89%$377.71
71,250 at 4.9%$378.14
71,250 at 4.91%$378.58
71,250 at 4.92%$379.01
71,250 at 4.93%$379.44
71,250 at 4.94%$379.88
71,250 at 4.95%$380.31
71,250 at 4.96%$380.75
71,250 at 4.97%$381.18
71,250 at 4.98%$381.61
71,250 at 4.99%$382.05
71,250 at 5%$382.49
Interest Rate 30 Year
71,250 at 5.01%$382.92
71,250 at 5.02%$383.36
71,250 at 5.03%$383.79
71,250 at 5.04%$384.23
71,250 at 5.05%$384.67
71,250 at 5.06%$385.10
71,250 at 5.07%$385.54
71,250 at 5.08%$385.98
71,250 at 5.09%$386.41
71,250 at 5.1%$386.85
71,250 at 5.11%$387.29
71,250 at 5.12%$387.73
71,250 at 5.13%$388.17
71,250 at 5.14%$388.60
71,250 at 5.15%$389.04
71,250 at 5.16%$389.48
71,250 at 5.17%$389.92
71,250 at 5.18%$390.36
71,250 at 5.19%$390.80
71,250 at 5.2%$391.24
71,250 at 5.21%$391.68
71,250 at 5.22%$392.12
71,250 at 5.23%$392.56
71,250 at 5.24%$393.00
71,250 at 5.25%$393.45
71,250 at 5.26%$393.89
71,250 at 5.27%$394.33
71,250 at 5.28%$394.77
71,250 at 5.29%$395.21
71,250 at 5.3%$395.65
71,250 at 5.31%$396.10
71,250 at 5.32%$396.54
71,250 at 5.33%$396.98
71,250 at 5.34%$397.43
71,250 at 5.35%$397.87
71,250 at 5.36%$398.31
71,250 at 5.37%$398.76
71,250 at 5.38%$399.20
71,250 at 5.39%$399.65
71,250 at 5.4%$400.09
71,250 at 5.41%$400.54
71,250 at 5.42%$400.98
71,250 at 5.43%$401.43
71,250 at 5.44%$401.87
71,250 at 5.45%$402.32
71,250 at 5.46%$402.76
71,250 at 5.47%$403.21
71,250 at 5.48%$403.66
71,250 at 5.49%$404.10
71,250 at 5.5%$404.55
71,250 at 5.51%$405.00
71,250 at 5.52%$405.44
71,250 at 5.53%$405.89
71,250 at 5.54%$406.34
71,250 at 5.55%$406.79
71,250 at 5.56%$407.24
71,250 at 5.57%$407.68
71,250 at 5.58%$408.13
71,250 at 5.59%$408.58
71,250 at 5.6%$409.03
71,250 at 5.61%$409.48
71,250 at 5.62%$409.93
71,250 at 5.63%$410.38
71,250 at 5.64%$410.83
71,250 at 5.65%$411.28
71,250 at 5.66%$411.73
71,250 at 5.67%$412.18
71,250 at 5.68%$412.63
71,250 at 5.69%$413.08
71,250 at 5.7%$413.54
71,250 at 5.71%$413.99
71,250 at 5.72%$414.44
71,250 at 5.73%$414.89
71,250 at 5.74%$415.34
71,250 at 5.75%$415.80
71,250 at 5.76%$416.25
71,250 at 5.77%$416.70
71,250 at 5.78%$417.15
71,250 at 5.79%$417.61
71,250 at 5.8%$418.06
71,250 at 5.81%$418.52
71,250 at 5.82%$418.97
71,250 at 5.83%$419.42
71,250 at 5.84%$419.88
71,250 at 5.85%$420.33
71,250 at 5.86%$420.79
71,250 at 5.87%$421.24
71,250 at 5.88%$421.70
71,250 at 5.89%$422.15
71,250 at 5.9%$422.61
71,250 at 5.91%$423.07
71,250 at 5.92%$423.52
71,250 at 5.93%$423.98
71,250 at 5.94%$424.44
71,250 at 5.95%$424.89
71,250 at 5.96%$425.35
71,250 at 5.97%$425.81
71,250 at 5.98%$426.26
71,250 at 5.99%$426.72
71,250 at 6%$427.18
71,250 at 6.01%$427.64
71,250 at 6.02%$428.10
71,250 at 6.03%$428.55
71,250 at 6.04%$429.01
71,250 at 6.05%$429.47
71,250 at 6.06%$429.93
71,250 at 6.07%$430.39
71,250 at 6.08%$430.85
71,250 at 6.09%$431.31
71,250 at 6.1%$431.77
71,250 at 6.11%$432.23
71,250 at 6.12%$432.69
71,250 at 6.13%$433.15
71,250 at 6.14%$433.61
71,250 at 6.15%$434.08
71,250 at 6.16%$434.54
71,250 at 6.17%$435.00
71,250 at 6.18%$435.46
71,250 at 6.19%$435.92
71,250 at 6.2%$436.38
71,250 at 6.21%$436.85
71,250 at 6.22%$437.31
71,250 at 6.23%$437.77
71,250 at 6.24%$438.24
71,250 at 6.25%$438.70
71,250 at 6.26%$439.16
71,250 at 6.27%$439.63
71,250 at 6.28%$440.09
71,250 at 6.29%$440.55
71,250 at 6.3%$441.02
71,250 at 6.31%$441.48
71,250 at 6.32%$441.95
71,250 at 6.33%$442.41
71,250 at 6.34%$442.88
71,250 at 6.35%$443.34
71,250 at 6.36%$443.81
71,250 at 6.37%$444.27
71,250 at 6.38%$444.74
71,250 at 6.39%$445.21
71,250 at 6.4%$445.67
71,250 at 6.41%$446.14
71,250 at 6.42%$446.61
71,250 at 6.43%$447.07
71,250 at 6.44%$447.54
71,250 at 6.45%$448.01
71,250 at 6.46%$448.48
71,250 at 6.47%$448.94
71,250 at 6.48%$449.41
71,250 at 6.49%$449.88
71,250 at 6.5%$450.35
Interest Rate 30 Year
71,250 at 6.51%$450.82
71,250 at 6.52%$451.29
71,250 at 6.53%$451.76
71,250 at 6.54%$452.22
71,250 at 6.55%$452.69
71,250 at 6.56%$453.16
71,250 at 6.57%$453.63
71,250 at 6.58%$454.10
71,250 at 6.59%$454.57
71,250 at 6.6%$455.04
71,250 at 6.61%$455.52
71,250 at 6.62%$455.99
71,250 at 6.63%$456.46
71,250 at 6.64%$456.93
71,250 at 6.65%$457.40
71,250 at 6.66%$457.87
71,250 at 6.67%$458.34
71,250 at 6.68%$458.82
71,250 at 6.69%$459.29
71,250 at 6.7%$459.76
71,250 at 6.71%$460.23
71,250 at 6.72%$460.71
71,250 at 6.73%$461.18
71,250 at 6.74%$461.65
71,250 at 6.75%$462.13
71,250 at 6.76%$462.60
71,250 at 6.77%$463.07
71,250 at 6.78%$463.55
71,250 at 6.79%$464.02
71,250 at 6.8%$464.50
71,250 at 6.81%$464.97
71,250 at 6.82%$465.45
71,250 at 6.83%$465.92
71,250 at 6.84%$466.40
71,250 at 6.85%$466.87
71,250 at 6.86%$467.35
71,250 at 6.87%$467.82
71,250 at 6.88%$468.30
71,250 at 6.89%$468.78
71,250 at 6.9%$469.25
71,250 at 6.91%$469.73
71,250 at 6.92%$470.21
71,250 at 6.93%$470.68
71,250 at 6.94%$471.16
71,250 at 6.95%$471.64
71,250 at 6.96%$472.12
71,250 at 6.97%$472.59
71,250 at 6.98%$473.07
71,250 at 6.99%$473.55
71,250 at 7%$474.03
71,250 at 7.01%$474.51
71,250 at 7.02%$474.99
71,250 at 7.03%$475.46
71,250 at 7.04%$475.94
71,250 at 7.05%$476.42
71,250 at 7.06%$476.90
71,250 at 7.07%$477.38
71,250 at 7.08%$477.86
71,250 at 7.09%$478.34
71,250 at 7.1%$478.82
71,250 at 7.11%$479.30
71,250 at 7.12%$479.78
71,250 at 7.13%$480.26
71,250 at 7.14%$480.75
71,250 at 7.15%$481.23
71,250 at 7.16%$481.71
71,250 at 7.17%$482.19
71,250 at 7.18%$482.67
71,250 at 7.19%$483.15
71,250 at 7.2%$483.64
71,250 at 7.21%$484.12
71,250 at 7.22%$484.60
71,250 at 7.23%$485.08
71,250 at 7.24%$485.57
71,250 at 7.25%$486.05
71,250 at 7.26%$486.53
71,250 at 7.27%$487.02
71,250 at 7.28%$487.50
71,250 at 7.29%$487.99
71,250 at 7.3%$488.47
71,250 at 7.31%$488.95
71,250 at 7.32%$489.44
71,250 at 7.33%$489.92
71,250 at 7.34%$490.41
71,250 at 7.35%$490.89
71,250 at 7.36%$491.38
71,250 at 7.37%$491.86
71,250 at 7.38%$492.35
71,250 at 7.39%$492.83
71,250 at 7.4%$493.32
71,250 at 7.41%$493.81
71,250 at 7.42%$494.29
71,250 at 7.43%$494.78
71,250 at 7.44%$495.27
71,250 at 7.45%$495.75
71,250 at 7.46%$496.24
71,250 at 7.47%$496.73
71,250 at 7.48%$497.21
71,250 at 7.49%$497.70
71,250 at 7.5%$498.19
71,250 at 7.51%$498.68
71,250 at 7.52%$499.17
71,250 at 7.53%$499.65
71,250 at 7.54%$500.14
71,250 at 7.55%$500.63
71,250 at 7.56%$501.12
71,250 at 7.57%$501.61
71,250 at 7.58%$502.10
71,250 at 7.59%$502.59
71,250 at 7.6%$503.08
71,250 at 7.61%$503.57
71,250 at 7.62%$504.06
71,250 at 7.63%$504.55
71,250 at 7.64%$505.04
71,250 at 7.65%$505.53
71,250 at 7.66%$506.02
71,250 at 7.67%$506.51
71,250 at 7.68%$507.00
71,250 at 7.69%$507.49
71,250 at 7.7%$507.98
71,250 at 7.71%$508.48
71,250 at 7.72%$508.97
71,250 at 7.73%$509.46
71,250 at 7.74%$509.95
71,250 at 7.75%$510.44
71,250 at 7.76%$510.94
71,250 at 7.77%$511.43
71,250 at 7.78%$511.92
71,250 at 7.79%$512.41
71,250 at 7.8%$512.91
71,250 at 7.81%$513.40
71,250 at 7.82%$513.89
71,250 at 7.83%$514.39
71,250 at 7.84%$514.88
71,250 at 7.85%$515.38
71,250 at 7.86%$515.87
71,250 at 7.87%$516.36
71,250 at 7.88%$516.86
71,250 at 7.89%$517.35
71,250 at 7.9%$517.85
71,250 at 7.91%$518.34
71,250 at 7.92%$518.84
71,250 at 7.93%$519.33
71,250 at 7.94%$519.83
71,250 at 7.95%$520.33
71,250 at 7.96%$520.82
71,250 at 7.97%$521.32
71,250 at 7.98%$521.81
71,250 at 7.99%$522.31
71,250 at 8%$522.81
More Amounts
What is the down payment for a $71,250 house? How much do you need to put down?
Percent Down Down Payment
1%713
2%1,425
3%2,138
4%2,850
5%3,563
6%4,275
7%4,988
8%5,700
9%6,413
10%7,125
11%7,838
12%8,550
13%9,263
14%9,975
15%10,688
16%11,400
17%12,113
18%12,825
19%13,538
20%14,250
Percent Down Down Payment
21%14,963
22%15,675
23%16,388
24%17,100
25%17,813
26%18,525
27%19,238
28%19,950
29%20,663
30%21,375
31%22,088
32%22,800
33%23,513
34%24,225
35%24,938
36%25,650
37%26,363
38%27,075
39%27,788
40%28,500
Percent Down Down Payment
41%29,213
42%29,925
43%30,638
44%31,350
45%32,063
46%32,775
47%33,488
48%34,200
49%34,913
50%35,625
51%36,338
52%37,050
53%37,763
54%38,475
55%39,188
56%39,900
57%40,613
58%41,325
59%42,038
60%42,750
Percent Down Down Payment
61%43,463
62%44,175
63%44,888
64%45,600
65%46,313
66%47,025
67%47,738
68%48,450
69%49,163
70%49,875
71%50,588
72%51,300
73%52,013
74%52,725
75%53,438
76%54,150
77%54,863
78%55,575
79%56,288
80%57,000
Percent Down Down Payment
81%57,713
82%58,425
83%59,138
84%59,850
85%60,563
86%61,275
87%61,988
88%62,700
89%63,413
90%64,125
91%64,838
92%65,550
93%66,263
94%66,975
95%67,688
96%68,400
97%69,113
98%69,825
99%70,538
100%71,250
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.