$71,950 Mortgage for 30 Years

What is the monthly payment of a 71,950 dollar loan?
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Loan Tables for a $71,950 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 $71,950 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
71,950 at 2.01%$266.30
71,950 at 2.02%$266.66
71,950 at 2.03%$267.02
71,950 at 2.04%$267.38
71,950 at 2.05%$267.74
71,950 at 2.06%$268.11
71,950 at 2.07%$268.47
71,950 at 2.08%$268.83
71,950 at 2.09%$269.19
71,950 at 2.1%$269.55
71,950 at 2.11%$269.92
71,950 at 2.12%$270.28
71,950 at 2.13%$270.64
71,950 at 2.14%$271.01
71,950 at 2.15%$271.37
71,950 at 2.16%$271.73
71,950 at 2.17%$272.10
71,950 at 2.18%$272.46
71,950 at 2.19%$272.83
71,950 at 2.2%$273.19
71,950 at 2.21%$273.56
71,950 at 2.22%$273.93
71,950 at 2.23%$274.29
71,950 at 2.24%$274.66
71,950 at 2.25%$275.03
71,950 at 2.26%$275.39
71,950 at 2.27%$275.76
71,950 at 2.28%$276.13
71,950 at 2.29%$276.50
71,950 at 2.3%$276.86
71,950 at 2.31%$277.23
71,950 at 2.32%$277.60
71,950 at 2.33%$277.97
71,950 at 2.34%$278.34
71,950 at 2.35%$278.71
71,950 at 2.36%$279.08
71,950 at 2.37%$279.45
71,950 at 2.38%$279.82
71,950 at 2.39%$280.19
71,950 at 2.4%$280.56
71,950 at 2.41%$280.93
71,950 at 2.42%$281.31
71,950 at 2.43%$281.68
71,950 at 2.44%$282.05
71,950 at 2.45%$282.42
71,950 at 2.46%$282.80
71,950 at 2.47%$283.17
71,950 at 2.48%$283.54
71,950 at 2.49%$283.92
71,950 at 2.5%$284.29
71,950 at 2.51%$284.66
71,950 at 2.52%$285.04
71,950 at 2.53%$285.41
71,950 at 2.54%$285.79
71,950 at 2.55%$286.16
71,950 at 2.56%$286.54
71,950 at 2.57%$286.91
71,950 at 2.58%$287.29
71,950 at 2.59%$287.67
71,950 at 2.6%$288.04
71,950 at 2.61%$288.42
71,950 at 2.62%$288.80
71,950 at 2.63%$289.18
71,950 at 2.64%$289.55
71,950 at 2.65%$289.93
71,950 at 2.66%$290.31
71,950 at 2.67%$290.69
71,950 at 2.68%$291.07
71,950 at 2.69%$291.45
71,950 at 2.7%$291.83
71,950 at 2.71%$292.21
71,950 at 2.72%$292.59
71,950 at 2.73%$292.97
71,950 at 2.74%$293.35
71,950 at 2.75%$293.73
71,950 at 2.76%$294.11
71,950 at 2.77%$294.49
71,950 at 2.78%$294.87
71,950 at 2.79%$295.26
71,950 at 2.8%$295.64
71,950 at 2.81%$296.02
71,950 at 2.82%$296.40
71,950 at 2.83%$296.79
71,950 at 2.84%$297.17
71,950 at 2.85%$297.55
71,950 at 2.86%$297.94
71,950 at 2.87%$298.32
71,950 at 2.88%$298.71
71,950 at 2.89%$299.09
71,950 at 2.9%$299.48
71,950 at 2.91%$299.86
71,950 at 2.92%$300.25
71,950 at 2.93%$300.63
71,950 at 2.94%$301.02
71,950 at 2.95%$301.41
71,950 at 2.96%$301.79
71,950 at 2.97%$302.18
71,950 at 2.98%$302.57
71,950 at 2.99%$302.96
71,950 at 3%$303.34
71,950 at 3.01%$303.73
71,950 at 3.02%$304.12
71,950 at 3.03%$304.51
71,950 at 3.04%$304.90
71,950 at 3.05%$305.29
71,950 at 3.06%$305.68
71,950 at 3.07%$306.07
71,950 at 3.08%$306.46
71,950 at 3.09%$306.85
71,950 at 3.1%$307.24
71,950 at 3.11%$307.63
71,950 at 3.12%$308.02
71,950 at 3.13%$308.41
71,950 at 3.14%$308.80
71,950 at 3.15%$309.20
71,950 at 3.16%$309.59
71,950 at 3.17%$309.98
71,950 at 3.18%$310.37
71,950 at 3.19%$310.77
71,950 at 3.2%$311.16
71,950 at 3.21%$311.55
71,950 at 3.22%$311.95
71,950 at 3.23%$312.34
71,950 at 3.24%$312.74
71,950 at 3.25%$313.13
71,950 at 3.26%$313.53
71,950 at 3.27%$313.92
71,950 at 3.28%$314.32
71,950 at 3.29%$314.71
71,950 at 3.3%$315.11
71,950 at 3.31%$315.51
71,950 at 3.32%$315.90
71,950 at 3.33%$316.30
71,950 at 3.34%$316.70
71,950 at 3.35%$317.09
71,950 at 3.36%$317.49
71,950 at 3.37%$317.89
71,950 at 3.38%$318.29
71,950 at 3.39%$318.69
71,950 at 3.4%$319.08
71,950 at 3.41%$319.48
71,950 at 3.42%$319.88
71,950 at 3.43%$320.28
71,950 at 3.44%$320.68
71,950 at 3.45%$321.08
71,950 at 3.46%$321.48
71,950 at 3.47%$321.88
71,950 at 3.48%$322.28
71,950 at 3.49%$322.69
71,950 at 3.5%$323.09
Interest Rate 30 Year
71,950 at 3.51%$323.49
71,950 at 3.52%$323.89
71,950 at 3.53%$324.29
71,950 at 3.54%$324.70
71,950 at 3.55%$325.10
71,950 at 3.56%$325.50
71,950 at 3.57%$325.91
71,950 at 3.58%$326.31
71,950 at 3.59%$326.71
71,950 at 3.6%$327.12
71,950 at 3.61%$327.52
71,950 at 3.62%$327.93
71,950 at 3.63%$328.33
71,950 at 3.64%$328.74
71,950 at 3.65%$329.14
71,950 at 3.66%$329.55
71,950 at 3.67%$329.95
71,950 at 3.68%$330.36
71,950 at 3.69%$330.77
71,950 at 3.7%$331.17
71,950 at 3.71%$331.58
71,950 at 3.72%$331.99
71,950 at 3.73%$332.40
71,950 at 3.74%$332.80
71,950 at 3.75%$333.21
71,950 at 3.76%$333.62
71,950 at 3.77%$334.03
71,950 at 3.78%$334.44
71,950 at 3.79%$334.85
71,950 at 3.8%$335.26
71,950 at 3.81%$335.67
71,950 at 3.82%$336.08
71,950 at 3.83%$336.49
71,950 at 3.84%$336.90
71,950 at 3.85%$337.31
71,950 at 3.86%$337.72
71,950 at 3.87%$338.13
71,950 at 3.88%$338.54
71,950 at 3.89%$338.95
71,950 at 3.9%$339.37
71,950 at 3.91%$339.78
71,950 at 3.92%$340.19
71,950 at 3.93%$340.60
71,950 at 3.94%$341.02
71,950 at 3.95%$341.43
71,950 at 3.96%$341.84
71,950 at 3.97%$342.26
71,950 at 3.98%$342.67
71,950 at 3.99%$343.09
71,950 at 4%$343.50
71,950 at 4.01%$343.92
71,950 at 4.02%$344.33
71,950 at 4.03%$344.75
71,950 at 4.04%$345.16
71,950 at 4.05%$345.58
71,950 at 4.06%$345.99
71,950 at 4.07%$346.41
71,950 at 4.08%$346.83
71,950 at 4.09%$347.24
71,950 at 4.1%$347.66
71,950 at 4.11%$348.08
71,950 at 4.12%$348.50
71,950 at 4.13%$348.91
71,950 at 4.14%$349.33
71,950 at 4.15%$349.75
71,950 at 4.16%$350.17
71,950 at 4.17%$350.59
71,950 at 4.18%$351.01
71,950 at 4.19%$351.43
71,950 at 4.2%$351.85
71,950 at 4.21%$352.27
71,950 at 4.22%$352.69
71,950 at 4.23%$353.11
71,950 at 4.24%$353.53
71,950 at 4.25%$353.95
71,950 at 4.26%$354.37
71,950 at 4.27%$354.79
71,950 at 4.28%$355.22
71,950 at 4.29%$355.64
71,950 at 4.3%$356.06
71,950 at 4.31%$356.48
71,950 at 4.32%$356.91
71,950 at 4.33%$357.33
71,950 at 4.34%$357.75
71,950 at 4.35%$358.18
71,950 at 4.36%$358.60
71,950 at 4.37%$359.02
71,950 at 4.38%$359.45
71,950 at 4.39%$359.87
71,950 at 4.4%$360.30
71,950 at 4.41%$360.72
71,950 at 4.42%$361.15
71,950 at 4.43%$361.57
71,950 at 4.44%$362.00
71,950 at 4.45%$362.43
71,950 at 4.46%$362.85
71,950 at 4.47%$363.28
71,950 at 4.48%$363.71
71,950 at 4.49%$364.13
71,950 at 4.5%$364.56
71,950 at 4.51%$364.99
71,950 at 4.52%$365.42
71,950 at 4.53%$365.84
71,950 at 4.54%$366.27
71,950 at 4.55%$366.70
71,950 at 4.56%$367.13
71,950 at 4.57%$367.56
71,950 at 4.58%$367.99
71,950 at 4.59%$368.42
71,950 at 4.6%$368.85
71,950 at 4.61%$369.28
71,950 at 4.62%$369.71
71,950 at 4.63%$370.14
71,950 at 4.64%$370.57
71,950 at 4.65%$371.00
71,950 at 4.66%$371.43
71,950 at 4.67%$371.86
71,950 at 4.68%$372.30
71,950 at 4.69%$372.73
71,950 at 4.7%$373.16
71,950 at 4.71%$373.59
71,950 at 4.72%$374.03
71,950 at 4.73%$374.46
71,950 at 4.74%$374.89
71,950 at 4.75%$375.33
71,950 at 4.76%$375.76
71,950 at 4.77%$376.19
71,950 at 4.78%$376.63
71,950 at 4.79%$377.06
71,950 at 4.8%$377.50
71,950 at 4.81%$377.93
71,950 at 4.82%$378.37
71,950 at 4.83%$378.80
71,950 at 4.84%$379.24
71,950 at 4.85%$379.67
71,950 at 4.86%$380.11
71,950 at 4.87%$380.55
71,950 at 4.88%$380.98
71,950 at 4.89%$381.42
71,950 at 4.9%$381.86
71,950 at 4.91%$382.30
71,950 at 4.92%$382.73
71,950 at 4.93%$383.17
71,950 at 4.94%$383.61
71,950 at 4.95%$384.05
71,950 at 4.96%$384.49
71,950 at 4.97%$384.93
71,950 at 4.98%$385.36
71,950 at 4.99%$385.80
71,950 at 5%$386.24
Interest Rate 30 Year
71,950 at 5.01%$386.68
71,950 at 5.02%$387.12
71,950 at 5.03%$387.56
71,950 at 5.04%$388.00
71,950 at 5.05%$388.44
71,950 at 5.06%$388.89
71,950 at 5.07%$389.33
71,950 at 5.08%$389.77
71,950 at 5.09%$390.21
71,950 at 5.1%$390.65
71,950 at 5.11%$391.09
71,950 at 5.12%$391.54
71,950 at 5.13%$391.98
71,950 at 5.14%$392.42
71,950 at 5.15%$392.87
71,950 at 5.16%$393.31
71,950 at 5.17%$393.75
71,950 at 5.18%$394.20
71,950 at 5.19%$394.64
71,950 at 5.2%$395.09
71,950 at 5.21%$395.53
71,950 at 5.22%$395.97
71,950 at 5.23%$396.42
71,950 at 5.24%$396.87
71,950 at 5.25%$397.31
71,950 at 5.26%$397.76
71,950 at 5.27%$398.20
71,950 at 5.28%$398.65
71,950 at 5.29%$399.10
71,950 at 5.3%$399.54
71,950 at 5.31%$399.99
71,950 at 5.32%$400.44
71,950 at 5.33%$400.88
71,950 at 5.34%$401.33
71,950 at 5.35%$401.78
71,950 at 5.36%$402.23
71,950 at 5.37%$402.68
71,950 at 5.38%$403.12
71,950 at 5.39%$403.57
71,950 at 5.4%$404.02
71,950 at 5.41%$404.47
71,950 at 5.42%$404.92
71,950 at 5.43%$405.37
71,950 at 5.44%$405.82
71,950 at 5.45%$406.27
71,950 at 5.46%$406.72
71,950 at 5.47%$407.17
71,950 at 5.48%$407.62
71,950 at 5.49%$408.07
71,950 at 5.5%$408.52
71,950 at 5.51%$408.98
71,950 at 5.52%$409.43
71,950 at 5.53%$409.88
71,950 at 5.54%$410.33
71,950 at 5.55%$410.78
71,950 at 5.56%$411.24
71,950 at 5.57%$411.69
71,950 at 5.58%$412.14
71,950 at 5.59%$412.60
71,950 at 5.6%$413.05
71,950 at 5.61%$413.50
71,950 at 5.62%$413.96
71,950 at 5.63%$414.41
71,950 at 5.64%$414.87
71,950 at 5.65%$415.32
71,950 at 5.66%$415.78
71,950 at 5.67%$416.23
71,950 at 5.68%$416.69
71,950 at 5.69%$417.14
71,950 at 5.7%$417.60
71,950 at 5.71%$418.05
71,950 at 5.72%$418.51
71,950 at 5.73%$418.97
71,950 at 5.74%$419.42
71,950 at 5.75%$419.88
71,950 at 5.76%$420.34
71,950 at 5.77%$420.80
71,950 at 5.78%$421.25
71,950 at 5.79%$421.71
71,950 at 5.8%$422.17
71,950 at 5.81%$422.63
71,950 at 5.82%$423.09
71,950 at 5.83%$423.54
71,950 at 5.84%$424.00
71,950 at 5.85%$424.46
71,950 at 5.86%$424.92
71,950 at 5.87%$425.38
71,950 at 5.88%$425.84
71,950 at 5.89%$426.30
71,950 at 5.9%$426.76
71,950 at 5.91%$427.22
71,950 at 5.92%$427.68
71,950 at 5.93%$428.14
71,950 at 5.94%$428.61
71,950 at 5.95%$429.07
71,950 at 5.96%$429.53
71,950 at 5.97%$429.99
71,950 at 5.98%$430.45
71,950 at 5.99%$430.91
71,950 at 6%$431.38
71,950 at 6.01%$431.84
71,950 at 6.02%$432.30
71,950 at 6.03%$432.77
71,950 at 6.04%$433.23
71,950 at 6.05%$433.69
71,950 at 6.06%$434.16
71,950 at 6.07%$434.62
71,950 at 6.08%$435.08
71,950 at 6.09%$435.55
71,950 at 6.1%$436.01
71,950 at 6.11%$436.48
71,950 at 6.12%$436.94
71,950 at 6.13%$437.41
71,950 at 6.14%$437.87
71,950 at 6.15%$438.34
71,950 at 6.16%$438.81
71,950 at 6.17%$439.27
71,950 at 6.18%$439.74
71,950 at 6.19%$440.20
71,950 at 6.2%$440.67
71,950 at 6.21%$441.14
71,950 at 6.22%$441.61
71,950 at 6.23%$442.07
71,950 at 6.24%$442.54
71,950 at 6.25%$443.01
71,950 at 6.26%$443.48
71,950 at 6.27%$443.94
71,950 at 6.28%$444.41
71,950 at 6.29%$444.88
71,950 at 6.3%$445.35
71,950 at 6.31%$445.82
71,950 at 6.32%$446.29
71,950 at 6.33%$446.76
71,950 at 6.34%$447.23
71,950 at 6.35%$447.70
71,950 at 6.36%$448.17
71,950 at 6.37%$448.64
71,950 at 6.38%$449.11
71,950 at 6.39%$449.58
71,950 at 6.4%$450.05
71,950 at 6.41%$450.52
71,950 at 6.42%$450.99
71,950 at 6.43%$451.47
71,950 at 6.44%$451.94
71,950 at 6.45%$452.41
71,950 at 6.46%$452.88
71,950 at 6.47%$453.35
71,950 at 6.48%$453.83
71,950 at 6.49%$454.30
71,950 at 6.5%$454.77
Interest Rate 30 Year
71,950 at 6.51%$455.25
71,950 at 6.52%$455.72
71,950 at 6.53%$456.19
71,950 at 6.54%$456.67
71,950 at 6.55%$457.14
71,950 at 6.56%$457.62
71,950 at 6.57%$458.09
71,950 at 6.58%$458.56
71,950 at 6.59%$459.04
71,950 at 6.6%$459.52
71,950 at 6.61%$459.99
71,950 at 6.62%$460.47
71,950 at 6.63%$460.94
71,950 at 6.64%$461.42
71,950 at 6.65%$461.89
71,950 at 6.66%$462.37
71,950 at 6.67%$462.85
71,950 at 6.68%$463.32
71,950 at 6.69%$463.80
71,950 at 6.7%$464.28
71,950 at 6.71%$464.75
71,950 at 6.72%$465.23
71,950 at 6.73%$465.71
71,950 at 6.74%$466.19
71,950 at 6.75%$466.67
71,950 at 6.76%$467.14
71,950 at 6.77%$467.62
71,950 at 6.78%$468.10
71,950 at 6.79%$468.58
71,950 at 6.8%$469.06
71,950 at 6.81%$469.54
71,950 at 6.82%$470.02
71,950 at 6.83%$470.50
71,950 at 6.84%$470.98
71,950 at 6.85%$471.46
71,950 at 6.86%$471.94
71,950 at 6.87%$472.42
71,950 at 6.88%$472.90
71,950 at 6.89%$473.38
71,950 at 6.9%$473.86
71,950 at 6.91%$474.34
71,950 at 6.92%$474.83
71,950 at 6.93%$475.31
71,950 at 6.94%$475.79
71,950 at 6.95%$476.27
71,950 at 6.96%$476.75
71,950 at 6.97%$477.24
71,950 at 6.98%$477.72
71,950 at 6.99%$478.20
71,950 at 7%$478.69
71,950 at 7.01%$479.17
71,950 at 7.02%$479.65
71,950 at 7.03%$480.14
71,950 at 7.04%$480.62
71,950 at 7.05%$481.10
71,950 at 7.06%$481.59
71,950 at 7.07%$482.07
71,950 at 7.08%$482.56
71,950 at 7.09%$483.04
71,950 at 7.1%$483.53
71,950 at 7.11%$484.01
71,950 at 7.12%$484.50
71,950 at 7.13%$484.98
71,950 at 7.14%$485.47
71,950 at 7.15%$485.96
71,950 at 7.16%$486.44
71,950 at 7.17%$486.93
71,950 at 7.18%$487.41
71,950 at 7.19%$487.90
71,950 at 7.2%$488.39
71,950 at 7.21%$488.88
71,950 at 7.22%$489.36
71,950 at 7.23%$489.85
71,950 at 7.24%$490.34
71,950 at 7.25%$490.83
71,950 at 7.26%$491.31
71,950 at 7.27%$491.80
71,950 at 7.28%$492.29
71,950 at 7.29%$492.78
71,950 at 7.3%$493.27
71,950 at 7.31%$493.76
71,950 at 7.32%$494.25
71,950 at 7.33%$494.74
71,950 at 7.34%$495.23
71,950 at 7.35%$495.72
71,950 at 7.36%$496.21
71,950 at 7.37%$496.70
71,950 at 7.38%$497.19
71,950 at 7.39%$497.68
71,950 at 7.4%$498.17
71,950 at 7.41%$498.66
71,950 at 7.42%$499.15
71,950 at 7.43%$499.64
71,950 at 7.44%$500.13
71,950 at 7.45%$500.62
71,950 at 7.46%$501.12
71,950 at 7.47%$501.61
71,950 at 7.48%$502.10
71,950 at 7.49%$502.59
71,950 at 7.5%$503.08
71,950 at 7.51%$503.58
71,950 at 7.52%$504.07
71,950 at 7.53%$504.56
71,950 at 7.54%$505.06
71,950 at 7.55%$505.55
71,950 at 7.56%$506.04
71,950 at 7.57%$506.54
71,950 at 7.58%$507.03
71,950 at 7.59%$507.53
71,950 at 7.6%$508.02
71,950 at 7.61%$508.52
71,950 at 7.62%$509.01
71,950 at 7.63%$509.51
71,950 at 7.64%$510.00
71,950 at 7.65%$510.50
71,950 at 7.66%$510.99
71,950 at 7.67%$511.49
71,950 at 7.68%$511.98
71,950 at 7.69%$512.48
71,950 at 7.7%$512.97
71,950 at 7.71%$513.47
71,950 at 7.72%$513.97
71,950 at 7.73%$514.46
71,950 at 7.74%$514.96
71,950 at 7.75%$515.46
71,950 at 7.76%$515.96
71,950 at 7.77%$516.45
71,950 at 7.78%$516.95
71,950 at 7.79%$517.45
71,950 at 7.8%$517.95
71,950 at 7.81%$518.44
71,950 at 7.82%$518.94
71,950 at 7.83%$519.44
71,950 at 7.84%$519.94
71,950 at 7.85%$520.44
71,950 at 7.86%$520.94
71,950 at 7.87%$521.44
71,950 at 7.88%$521.94
71,950 at 7.89%$522.44
71,950 at 7.9%$522.94
71,950 at 7.91%$523.44
71,950 at 7.92%$523.94
71,950 at 7.93%$524.44
71,950 at 7.94%$524.94
71,950 at 7.95%$525.44
71,950 at 7.96%$525.94
71,950 at 7.97%$526.44
71,950 at 7.98%$526.94
71,950 at 7.99%$527.44
71,950 at 8%$527.94
More Amounts
What is the down payment for a $71,950 house? How much do you need to put down?
Percent Down Down Payment
1%720
2%1,439
3%2,159
4%2,878
5%3,598
6%4,317
7%5,037
8%5,756
9%6,476
10%7,195
11%7,915
12%8,634
13%9,354
14%10,073
15%10,793
16%11,512
17%12,232
18%12,951
19%13,671
20%14,390
Percent Down Down Payment
21%15,110
22%15,829
23%16,549
24%17,268
25%17,988
26%18,707
27%19,427
28%20,146
29%20,866
30%21,585
31%22,305
32%23,024
33%23,744
34%24,463
35%25,183
36%25,902
37%26,622
38%27,341
39%28,061
40%28,780
Percent Down Down Payment
41%29,500
42%30,219
43%30,939
44%31,658
45%32,378
46%33,097
47%33,817
48%34,536
49%35,256
50%35,975
51%36,695
52%37,414
53%38,134
54%38,853
55%39,573
56%40,292
57%41,012
58%41,731
59%42,451
60%43,170
Percent Down Down Payment
61%43,890
62%44,609
63%45,329
64%46,048
65%46,768
66%47,487
67%48,207
68%48,926
69%49,646
70%50,365
71%51,085
72%51,804
73%52,524
74%53,243
75%53,963
76%54,682
77%55,402
78%56,121
79%56,841
80%57,560
Percent Down Down Payment
81%58,280
82%58,999
83%59,719
84%60,438
85%61,158
86%61,877
87%62,597
88%63,316
89%64,036
90%64,755
91%65,475
92%66,194
93%66,914
94%67,633
95%68,353
96%69,072
97%69,792
98%70,511
99%71,231
100%71,950
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.