$71,500 Mortgage for 30 Years

What is the monthly payment of a 71,500 dollar loan?
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Loan Tables for a $71,500 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 72k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $71,500 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
71,500 at 2.01%$264.64
71,500 at 2.02%$264.99
71,500 at 2.03%$265.35
71,500 at 2.04%$265.71
71,500 at 2.05%$266.07
71,500 at 2.06%$266.43
71,500 at 2.07%$266.79
71,500 at 2.08%$267.15
71,500 at 2.09%$267.51
71,500 at 2.1%$267.87
71,500 at 2.11%$268.23
71,500 at 2.12%$268.59
71,500 at 2.13%$268.95
71,500 at 2.14%$269.31
71,500 at 2.15%$269.67
71,500 at 2.16%$270.04
71,500 at 2.17%$270.40
71,500 at 2.18%$270.76
71,500 at 2.19%$271.12
71,500 at 2.2%$271.49
71,500 at 2.21%$271.85
71,500 at 2.22%$272.21
71,500 at 2.23%$272.58
71,500 at 2.24%$272.94
71,500 at 2.25%$273.31
71,500 at 2.26%$273.67
71,500 at 2.27%$274.04
71,500 at 2.28%$274.40
71,500 at 2.29%$274.77
71,500 at 2.3%$275.13
71,500 at 2.31%$275.50
71,500 at 2.32%$275.87
71,500 at 2.33%$276.23
71,500 at 2.34%$276.60
71,500 at 2.35%$276.97
71,500 at 2.36%$277.33
71,500 at 2.37%$277.70
71,500 at 2.38%$278.07
71,500 at 2.39%$278.44
71,500 at 2.4%$278.81
71,500 at 2.41%$279.18
71,500 at 2.42%$279.55
71,500 at 2.43%$279.92
71,500 at 2.44%$280.29
71,500 at 2.45%$280.66
71,500 at 2.46%$281.03
71,500 at 2.47%$281.40
71,500 at 2.48%$281.77
71,500 at 2.49%$282.14
71,500 at 2.5%$282.51
71,500 at 2.51%$282.88
71,500 at 2.52%$283.26
71,500 at 2.53%$283.63
71,500 at 2.54%$284.00
71,500 at 2.55%$284.37
71,500 at 2.56%$284.75
71,500 at 2.57%$285.12
71,500 at 2.58%$285.49
71,500 at 2.59%$285.87
71,500 at 2.6%$286.24
71,500 at 2.61%$286.62
71,500 at 2.62%$286.99
71,500 at 2.63%$287.37
71,500 at 2.64%$287.74
71,500 at 2.65%$288.12
71,500 at 2.66%$288.50
71,500 at 2.67%$288.87
71,500 at 2.68%$289.25
71,500 at 2.69%$289.63
71,500 at 2.7%$290.00
71,500 at 2.71%$290.38
71,500 at 2.72%$290.76
71,500 at 2.73%$291.14
71,500 at 2.74%$291.51
71,500 at 2.75%$291.89
71,500 at 2.76%$292.27
71,500 at 2.77%$292.65
71,500 at 2.78%$293.03
71,500 at 2.79%$293.41
71,500 at 2.8%$293.79
71,500 at 2.81%$294.17
71,500 at 2.82%$294.55
71,500 at 2.83%$294.93
71,500 at 2.84%$295.31
71,500 at 2.85%$295.69
71,500 at 2.86%$296.08
71,500 at 2.87%$296.46
71,500 at 2.88%$296.84
71,500 at 2.89%$297.22
71,500 at 2.9%$297.60
71,500 at 2.91%$297.99
71,500 at 2.92%$298.37
71,500 at 2.93%$298.75
71,500 at 2.94%$299.14
71,500 at 2.95%$299.52
71,500 at 2.96%$299.91
71,500 at 2.97%$300.29
71,500 at 2.98%$300.68
71,500 at 2.99%$301.06
71,500 at 3%$301.45
71,500 at 3.01%$301.83
71,500 at 3.02%$302.22
71,500 at 3.03%$302.60
71,500 at 3.04%$302.99
71,500 at 3.05%$303.38
71,500 at 3.06%$303.77
71,500 at 3.07%$304.15
71,500 at 3.08%$304.54
71,500 at 3.09%$304.93
71,500 at 3.1%$305.32
71,500 at 3.11%$305.71
71,500 at 3.12%$306.09
71,500 at 3.13%$306.48
71,500 at 3.14%$306.87
71,500 at 3.15%$307.26
71,500 at 3.16%$307.65
71,500 at 3.17%$308.04
71,500 at 3.18%$308.43
71,500 at 3.19%$308.82
71,500 at 3.2%$309.21
71,500 at 3.21%$309.61
71,500 at 3.22%$310.00
71,500 at 3.23%$310.39
71,500 at 3.24%$310.78
71,500 at 3.25%$311.17
71,500 at 3.26%$311.57
71,500 at 3.27%$311.96
71,500 at 3.28%$312.35
71,500 at 3.29%$312.74
71,500 at 3.3%$313.14
71,500 at 3.31%$313.53
71,500 at 3.32%$313.93
71,500 at 3.33%$314.32
71,500 at 3.34%$314.72
71,500 at 3.35%$315.11
71,500 at 3.36%$315.51
71,500 at 3.37%$315.90
71,500 at 3.38%$316.30
71,500 at 3.39%$316.69
71,500 at 3.4%$317.09
71,500 at 3.41%$317.49
71,500 at 3.42%$317.88
71,500 at 3.43%$318.28
71,500 at 3.44%$318.68
71,500 at 3.45%$319.07
71,500 at 3.46%$319.47
71,500 at 3.47%$319.87
71,500 at 3.48%$320.27
71,500 at 3.49%$320.67
71,500 at 3.5%$321.07
Interest Rate 30 Year
71,500 at 3.51%$321.47
71,500 at 3.52%$321.87
71,500 at 3.53%$322.27
71,500 at 3.54%$322.67
71,500 at 3.55%$323.07
71,500 at 3.56%$323.47
71,500 at 3.57%$323.87
71,500 at 3.58%$324.27
71,500 at 3.59%$324.67
71,500 at 3.6%$325.07
71,500 at 3.61%$325.47
71,500 at 3.62%$325.88
71,500 at 3.63%$326.28
71,500 at 3.64%$326.68
71,500 at 3.65%$327.08
71,500 at 3.66%$327.49
71,500 at 3.67%$327.89
71,500 at 3.68%$328.29
71,500 at 3.69%$328.70
71,500 at 3.7%$329.10
71,500 at 3.71%$329.51
71,500 at 3.72%$329.91
71,500 at 3.73%$330.32
71,500 at 3.74%$330.72
71,500 at 3.75%$331.13
71,500 at 3.76%$331.53
71,500 at 3.77%$331.94
71,500 at 3.78%$332.35
71,500 at 3.79%$332.75
71,500 at 3.8%$333.16
71,500 at 3.81%$333.57
71,500 at 3.82%$333.97
71,500 at 3.83%$334.38
71,500 at 3.84%$334.79
71,500 at 3.85%$335.20
71,500 at 3.86%$335.61
71,500 at 3.87%$336.02
71,500 at 3.88%$336.42
71,500 at 3.89%$336.83
71,500 at 3.9%$337.24
71,500 at 3.91%$337.65
71,500 at 3.92%$338.06
71,500 at 3.93%$338.47
71,500 at 3.94%$338.88
71,500 at 3.95%$339.29
71,500 at 3.96%$339.71
71,500 at 3.97%$340.12
71,500 at 3.98%$340.53
71,500 at 3.99%$340.94
71,500 at 4%$341.35
71,500 at 4.01%$341.76
71,500 at 4.02%$342.18
71,500 at 4.03%$342.59
71,500 at 4.04%$343.00
71,500 at 4.05%$343.42
71,500 at 4.06%$343.83
71,500 at 4.07%$344.24
71,500 at 4.08%$344.66
71,500 at 4.09%$345.07
71,500 at 4.1%$345.49
71,500 at 4.11%$345.90
71,500 at 4.12%$346.32
71,500 at 4.13%$346.73
71,500 at 4.14%$347.15
71,500 at 4.15%$347.56
71,500 at 4.16%$347.98
71,500 at 4.17%$348.40
71,500 at 4.18%$348.81
71,500 at 4.19%$349.23
71,500 at 4.2%$349.65
71,500 at 4.21%$350.06
71,500 at 4.22%$350.48
71,500 at 4.23%$350.90
71,500 at 4.24%$351.32
71,500 at 4.25%$351.74
71,500 at 4.26%$352.16
71,500 at 4.27%$352.57
71,500 at 4.28%$352.99
71,500 at 4.29%$353.41
71,500 at 4.3%$353.83
71,500 at 4.31%$354.25
71,500 at 4.32%$354.67
71,500 at 4.33%$355.09
71,500 at 4.34%$355.51
71,500 at 4.35%$355.94
71,500 at 4.36%$356.36
71,500 at 4.37%$356.78
71,500 at 4.38%$357.20
71,500 at 4.39%$357.62
71,500 at 4.4%$358.04
71,500 at 4.41%$358.47
71,500 at 4.42%$358.89
71,500 at 4.43%$359.31
71,500 at 4.44%$359.74
71,500 at 4.45%$360.16
71,500 at 4.46%$360.58
71,500 at 4.47%$361.01
71,500 at 4.48%$361.43
71,500 at 4.49%$361.86
71,500 at 4.5%$362.28
71,500 at 4.51%$362.70
71,500 at 4.52%$363.13
71,500 at 4.53%$363.56
71,500 at 4.54%$363.98
71,500 at 4.55%$364.41
71,500 at 4.56%$364.83
71,500 at 4.57%$365.26
71,500 at 4.58%$365.69
71,500 at 4.59%$366.11
71,500 at 4.6%$366.54
71,500 at 4.61%$366.97
71,500 at 4.62%$367.40
71,500 at 4.63%$367.82
71,500 at 4.64%$368.25
71,500 at 4.65%$368.68
71,500 at 4.66%$369.11
71,500 at 4.67%$369.54
71,500 at 4.68%$369.97
71,500 at 4.69%$370.40
71,500 at 4.7%$370.83
71,500 at 4.71%$371.26
71,500 at 4.72%$371.69
71,500 at 4.73%$372.12
71,500 at 4.74%$372.55
71,500 at 4.75%$372.98
71,500 at 4.76%$373.41
71,500 at 4.77%$373.84
71,500 at 4.78%$374.27
71,500 at 4.79%$374.70
71,500 at 4.8%$375.14
71,500 at 4.81%$375.57
71,500 at 4.82%$376.00
71,500 at 4.83%$376.43
71,500 at 4.84%$376.87
71,500 at 4.85%$377.30
71,500 at 4.86%$377.73
71,500 at 4.87%$378.17
71,500 at 4.88%$378.60
71,500 at 4.89%$379.04
71,500 at 4.9%$379.47
71,500 at 4.91%$379.90
71,500 at 4.92%$380.34
71,500 at 4.93%$380.77
71,500 at 4.94%$381.21
71,500 at 4.95%$381.65
71,500 at 4.96%$382.08
71,500 at 4.97%$382.52
71,500 at 4.98%$382.95
71,500 at 4.99%$383.39
71,500 at 5%$383.83
Interest Rate 30 Year
71,500 at 5.01%$384.26
71,500 at 5.02%$384.70
71,500 at 5.03%$385.14
71,500 at 5.04%$385.58
71,500 at 5.05%$386.02
71,500 at 5.06%$386.45
71,500 at 5.07%$386.89
71,500 at 5.08%$387.33
71,500 at 5.09%$387.77
71,500 at 5.1%$388.21
71,500 at 5.11%$388.65
71,500 at 5.12%$389.09
71,500 at 5.13%$389.53
71,500 at 5.14%$389.97
71,500 at 5.15%$390.41
71,500 at 5.16%$390.85
71,500 at 5.17%$391.29
71,500 at 5.18%$391.73
71,500 at 5.19%$392.17
71,500 at 5.2%$392.61
71,500 at 5.21%$393.06
71,500 at 5.22%$393.50
71,500 at 5.23%$393.94
71,500 at 5.24%$394.38
71,500 at 5.25%$394.83
71,500 at 5.26%$395.27
71,500 at 5.27%$395.71
71,500 at 5.28%$396.16
71,500 at 5.29%$396.60
71,500 at 5.3%$397.04
71,500 at 5.31%$397.49
71,500 at 5.32%$397.93
71,500 at 5.33%$398.38
71,500 at 5.34%$398.82
71,500 at 5.35%$399.27
71,500 at 5.36%$399.71
71,500 at 5.37%$400.16
71,500 at 5.38%$400.60
71,500 at 5.39%$401.05
71,500 at 5.4%$401.49
71,500 at 5.41%$401.94
71,500 at 5.42%$402.39
71,500 at 5.43%$402.83
71,500 at 5.44%$403.28
71,500 at 5.45%$403.73
71,500 at 5.46%$404.18
71,500 at 5.47%$404.62
71,500 at 5.48%$405.07
71,500 at 5.49%$405.52
71,500 at 5.5%$405.97
71,500 at 5.51%$406.42
71,500 at 5.52%$406.87
71,500 at 5.53%$407.32
71,500 at 5.54%$407.77
71,500 at 5.55%$408.21
71,500 at 5.56%$408.66
71,500 at 5.57%$409.11
71,500 at 5.58%$409.57
71,500 at 5.59%$410.02
71,500 at 5.6%$410.47
71,500 at 5.61%$410.92
71,500 at 5.62%$411.37
71,500 at 5.63%$411.82
71,500 at 5.64%$412.27
71,500 at 5.65%$412.72
71,500 at 5.66%$413.18
71,500 at 5.67%$413.63
71,500 at 5.68%$414.08
71,500 at 5.69%$414.53
71,500 at 5.7%$414.99
71,500 at 5.71%$415.44
71,500 at 5.72%$415.89
71,500 at 5.73%$416.35
71,500 at 5.74%$416.80
71,500 at 5.75%$417.25
71,500 at 5.76%$417.71
71,500 at 5.77%$418.16
71,500 at 5.78%$418.62
71,500 at 5.79%$419.07
71,500 at 5.8%$419.53
71,500 at 5.81%$419.98
71,500 at 5.82%$420.44
71,500 at 5.83%$420.90
71,500 at 5.84%$421.35
71,500 at 5.85%$421.81
71,500 at 5.86%$422.26
71,500 at 5.87%$422.72
71,500 at 5.88%$423.18
71,500 at 5.89%$423.64
71,500 at 5.9%$424.09
71,500 at 5.91%$424.55
71,500 at 5.92%$425.01
71,500 at 5.93%$425.47
71,500 at 5.94%$425.92
71,500 at 5.95%$426.38
71,500 at 5.96%$426.84
71,500 at 5.97%$427.30
71,500 at 5.98%$427.76
71,500 at 5.99%$428.22
71,500 at 6%$428.68
71,500 at 6.01%$429.14
71,500 at 6.02%$429.60
71,500 at 6.03%$430.06
71,500 at 6.04%$430.52
71,500 at 6.05%$430.98
71,500 at 6.06%$431.44
71,500 at 6.07%$431.90
71,500 at 6.08%$432.36
71,500 at 6.09%$432.82
71,500 at 6.1%$433.29
71,500 at 6.11%$433.75
71,500 at 6.12%$434.21
71,500 at 6.13%$434.67
71,500 at 6.14%$435.14
71,500 at 6.15%$435.60
71,500 at 6.16%$436.06
71,500 at 6.17%$436.52
71,500 at 6.18%$436.99
71,500 at 6.19%$437.45
71,500 at 6.2%$437.92
71,500 at 6.21%$438.38
71,500 at 6.22%$438.84
71,500 at 6.23%$439.31
71,500 at 6.24%$439.77
71,500 at 6.25%$440.24
71,500 at 6.26%$440.70
71,500 at 6.27%$441.17
71,500 at 6.28%$441.63
71,500 at 6.29%$442.10
71,500 at 6.3%$442.57
71,500 at 6.31%$443.03
71,500 at 6.32%$443.50
71,500 at 6.33%$443.96
71,500 at 6.34%$444.43
71,500 at 6.35%$444.90
71,500 at 6.36%$445.37
71,500 at 6.37%$445.83
71,500 at 6.38%$446.30
71,500 at 6.39%$446.77
71,500 at 6.4%$447.24
71,500 at 6.41%$447.70
71,500 at 6.42%$448.17
71,500 at 6.43%$448.64
71,500 at 6.44%$449.11
71,500 at 6.45%$449.58
71,500 at 6.46%$450.05
71,500 at 6.47%$450.52
71,500 at 6.48%$450.99
71,500 at 6.49%$451.46
71,500 at 6.5%$451.93
Interest Rate 30 Year
71,500 at 6.51%$452.40
71,500 at 6.52%$452.87
71,500 at 6.53%$453.34
71,500 at 6.54%$453.81
71,500 at 6.55%$454.28
71,500 at 6.56%$454.75
71,500 at 6.57%$455.23
71,500 at 6.58%$455.70
71,500 at 6.59%$456.17
71,500 at 6.6%$456.64
71,500 at 6.61%$457.11
71,500 at 6.62%$457.59
71,500 at 6.63%$458.06
71,500 at 6.64%$458.53
71,500 at 6.65%$459.00
71,500 at 6.66%$459.48
71,500 at 6.67%$459.95
71,500 at 6.68%$460.43
71,500 at 6.69%$460.90
71,500 at 6.7%$461.37
71,500 at 6.71%$461.85
71,500 at 6.72%$462.32
71,500 at 6.73%$462.80
71,500 at 6.74%$463.27
71,500 at 6.75%$463.75
71,500 at 6.76%$464.22
71,500 at 6.77%$464.70
71,500 at 6.78%$465.17
71,500 at 6.79%$465.65
71,500 at 6.8%$466.13
71,500 at 6.81%$466.60
71,500 at 6.82%$467.08
71,500 at 6.83%$467.56
71,500 at 6.84%$468.03
71,500 at 6.85%$468.51
71,500 at 6.86%$468.99
71,500 at 6.87%$469.47
71,500 at 6.88%$469.94
71,500 at 6.89%$470.42
71,500 at 6.9%$470.90
71,500 at 6.91%$471.38
71,500 at 6.92%$471.86
71,500 at 6.93%$472.33
71,500 at 6.94%$472.81
71,500 at 6.95%$473.29
71,500 at 6.96%$473.77
71,500 at 6.97%$474.25
71,500 at 6.98%$474.73
71,500 at 6.99%$475.21
71,500 at 7%$475.69
71,500 at 7.01%$476.17
71,500 at 7.02%$476.65
71,500 at 7.03%$477.13
71,500 at 7.04%$477.61
71,500 at 7.05%$478.09
71,500 at 7.06%$478.58
71,500 at 7.07%$479.06
71,500 at 7.08%$479.54
71,500 at 7.09%$480.02
71,500 at 7.1%$480.50
71,500 at 7.11%$480.99
71,500 at 7.12%$481.47
71,500 at 7.13%$481.95
71,500 at 7.14%$482.43
71,500 at 7.15%$482.92
71,500 at 7.16%$483.40
71,500 at 7.17%$483.88
71,500 at 7.18%$484.37
71,500 at 7.19%$484.85
71,500 at 7.2%$485.33
71,500 at 7.21%$485.82
71,500 at 7.22%$486.30
71,500 at 7.23%$486.79
71,500 at 7.24%$487.27
71,500 at 7.25%$487.76
71,500 at 7.26%$488.24
71,500 at 7.27%$488.73
71,500 at 7.28%$489.21
71,500 at 7.29%$489.70
71,500 at 7.3%$490.18
71,500 at 7.31%$490.67
71,500 at 7.32%$491.16
71,500 at 7.33%$491.64
71,500 at 7.34%$492.13
71,500 at 7.35%$492.62
71,500 at 7.36%$493.10
71,500 at 7.37%$493.59
71,500 at 7.38%$494.08
71,500 at 7.39%$494.56
71,500 at 7.4%$495.05
71,500 at 7.41%$495.54
71,500 at 7.42%$496.03
71,500 at 7.43%$496.52
71,500 at 7.44%$497.00
71,500 at 7.45%$497.49
71,500 at 7.46%$497.98
71,500 at 7.47%$498.47
71,500 at 7.48%$498.96
71,500 at 7.49%$499.45
71,500 at 7.5%$499.94
71,500 at 7.51%$500.43
71,500 at 7.52%$500.92
71,500 at 7.53%$501.41
71,500 at 7.54%$501.90
71,500 at 7.55%$502.39
71,500 at 7.56%$502.88
71,500 at 7.57%$503.37
71,500 at 7.58%$503.86
71,500 at 7.59%$504.35
71,500 at 7.6%$504.84
71,500 at 7.61%$505.33
71,500 at 7.62%$505.83
71,500 at 7.63%$506.32
71,500 at 7.64%$506.81
71,500 at 7.65%$507.30
71,500 at 7.66%$507.80
71,500 at 7.67%$508.29
71,500 at 7.68%$508.78
71,500 at 7.69%$509.27
71,500 at 7.7%$509.77
71,500 at 7.71%$510.26
71,500 at 7.72%$510.75
71,500 at 7.73%$511.25
71,500 at 7.74%$511.74
71,500 at 7.75%$512.23
71,500 at 7.76%$512.73
71,500 at 7.77%$513.22
71,500 at 7.78%$513.72
71,500 at 7.79%$514.21
71,500 at 7.8%$514.71
71,500 at 7.81%$515.20
71,500 at 7.82%$515.70
71,500 at 7.83%$516.19
71,500 at 7.84%$516.69
71,500 at 7.85%$517.18
71,500 at 7.86%$517.68
71,500 at 7.87%$518.18
71,500 at 7.88%$518.67
71,500 at 7.89%$519.17
71,500 at 7.9%$519.67
71,500 at 7.91%$520.16
71,500 at 7.92%$520.66
71,500 at 7.93%$521.16
71,500 at 7.94%$521.65
71,500 at 7.95%$522.15
71,500 at 7.96%$522.65
71,500 at 7.97%$523.15
71,500 at 7.98%$523.65
71,500 at 7.99%$524.14
71,500 at 8%$524.64
More Amounts
What is the down payment for a $71,500 house? How much do you need to put down?
Percent Down Down Payment
1%715
2%1,430
3%2,145
4%2,860
5%3,575
6%4,290
7%5,005
8%5,720
9%6,435
10%7,150
11%7,865
12%8,580
13%9,295
14%10,010
15%10,725
16%11,440
17%12,155
18%12,870
19%13,585
20%14,300
Percent Down Down Payment
21%15,015
22%15,730
23%16,445
24%17,160
25%17,875
26%18,590
27%19,305
28%20,020
29%20,735
30%21,450
31%22,165
32%22,880
33%23,595
34%24,310
35%25,025
36%25,740
37%26,455
38%27,170
39%27,885
40%28,600
Percent Down Down Payment
41%29,315
42%30,030
43%30,745
44%31,460
45%32,175
46%32,890
47%33,605
48%34,320
49%35,035
50%35,750
51%36,465
52%37,180
53%37,895
54%38,610
55%39,325
56%40,040
57%40,755
58%41,470
59%42,185
60%42,900
Percent Down Down Payment
61%43,615
62%44,330
63%45,045
64%45,760
65%46,475
66%47,190
67%47,905
68%48,620
69%49,335
70%50,050
71%50,765
72%51,480
73%52,195
74%52,910
75%53,625
76%54,340
77%55,055
78%55,770
79%56,485
80%57,200
Percent Down Down Payment
81%57,915
82%58,630
83%59,345
84%60,060
85%60,775
86%61,490
87%62,205
88%62,920
89%63,635
90%64,350
91%65,065
92%65,780
93%66,495
94%67,210
95%67,925
96%68,640
97%69,355
98%70,070
99%70,785
100%71,500
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.