$72,000 Mortgage for 30 Years

What is the monthly payment of a 72,000 dollar loan?
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Loan Tables for a $72,000 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 $72,000 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
72,000 at 2.01%$266.49
72,000 at 2.02%$266.85
72,000 at 2.03%$267.21
72,000 at 2.04%$267.57
72,000 at 2.05%$267.93
72,000 at 2.06%$268.29
72,000 at 2.07%$268.65
72,000 at 2.08%$269.02
72,000 at 2.09%$269.38
72,000 at 2.1%$269.74
72,000 at 2.11%$270.10
72,000 at 2.12%$270.47
72,000 at 2.13%$270.83
72,000 at 2.14%$271.19
72,000 at 2.15%$271.56
72,000 at 2.16%$271.92
72,000 at 2.17%$272.29
72,000 at 2.18%$272.65
72,000 at 2.19%$273.02
72,000 at 2.2%$273.38
72,000 at 2.21%$273.75
72,000 at 2.22%$274.12
72,000 at 2.23%$274.48
72,000 at 2.24%$274.85
72,000 at 2.25%$275.22
72,000 at 2.26%$275.58
72,000 at 2.27%$275.95
72,000 at 2.28%$276.32
72,000 at 2.29%$276.69
72,000 at 2.3%$277.06
72,000 at 2.31%$277.43
72,000 at 2.32%$277.79
72,000 at 2.33%$278.16
72,000 at 2.34%$278.53
72,000 at 2.35%$278.90
72,000 at 2.36%$279.27
72,000 at 2.37%$279.64
72,000 at 2.38%$280.02
72,000 at 2.39%$280.39
72,000 at 2.4%$280.76
72,000 at 2.41%$281.13
72,000 at 2.42%$281.50
72,000 at 2.43%$281.87
72,000 at 2.44%$282.25
72,000 at 2.45%$282.62
72,000 at 2.46%$282.99
72,000 at 2.47%$283.37
72,000 at 2.48%$283.74
72,000 at 2.49%$284.11
72,000 at 2.5%$284.49
72,000 at 2.51%$284.86
72,000 at 2.52%$285.24
72,000 at 2.53%$285.61
72,000 at 2.54%$285.99
72,000 at 2.55%$286.36
72,000 at 2.56%$286.74
72,000 at 2.57%$287.11
72,000 at 2.58%$287.49
72,000 at 2.59%$287.87
72,000 at 2.6%$288.24
72,000 at 2.61%$288.62
72,000 at 2.62%$289.00
72,000 at 2.63%$289.38
72,000 at 2.64%$289.76
72,000 at 2.65%$290.13
72,000 at 2.66%$290.51
72,000 at 2.67%$290.89
72,000 at 2.68%$291.27
72,000 at 2.69%$291.65
72,000 at 2.7%$292.03
72,000 at 2.71%$292.41
72,000 at 2.72%$292.79
72,000 at 2.73%$293.17
72,000 at 2.74%$293.55
72,000 at 2.75%$293.93
72,000 at 2.76%$294.32
72,000 at 2.77%$294.70
72,000 at 2.78%$295.08
72,000 at 2.79%$295.46
72,000 at 2.8%$295.84
72,000 at 2.81%$296.23
72,000 at 2.82%$296.61
72,000 at 2.83%$296.99
72,000 at 2.84%$297.38
72,000 at 2.85%$297.76
72,000 at 2.86%$298.15
72,000 at 2.87%$298.53
72,000 at 2.88%$298.92
72,000 at 2.89%$299.30
72,000 at 2.9%$299.69
72,000 at 2.91%$300.07
72,000 at 2.92%$300.46
72,000 at 2.93%$300.84
72,000 at 2.94%$301.23
72,000 at 2.95%$301.62
72,000 at 2.96%$302.00
72,000 at 2.97%$302.39
72,000 at 2.98%$302.78
72,000 at 2.99%$303.17
72,000 at 3%$303.55
72,000 at 3.01%$303.94
72,000 at 3.02%$304.33
72,000 at 3.03%$304.72
72,000 at 3.04%$305.11
72,000 at 3.05%$305.50
72,000 at 3.06%$305.89
72,000 at 3.07%$306.28
72,000 at 3.08%$306.67
72,000 at 3.09%$307.06
72,000 at 3.1%$307.45
72,000 at 3.11%$307.84
72,000 at 3.12%$308.23
72,000 at 3.13%$308.63
72,000 at 3.14%$309.02
72,000 at 3.15%$309.41
72,000 at 3.16%$309.80
72,000 at 3.17%$310.20
72,000 at 3.18%$310.59
72,000 at 3.19%$310.98
72,000 at 3.2%$311.38
72,000 at 3.21%$311.77
72,000 at 3.22%$312.16
72,000 at 3.23%$312.56
72,000 at 3.24%$312.95
72,000 at 3.25%$313.35
72,000 at 3.26%$313.74
72,000 at 3.27%$314.14
72,000 at 3.28%$314.54
72,000 at 3.29%$314.93
72,000 at 3.3%$315.33
72,000 at 3.31%$315.72
72,000 at 3.32%$316.12
72,000 at 3.33%$316.52
72,000 at 3.34%$316.92
72,000 at 3.35%$317.31
72,000 at 3.36%$317.71
72,000 at 3.37%$318.11
72,000 at 3.38%$318.51
72,000 at 3.39%$318.91
72,000 at 3.4%$319.31
72,000 at 3.41%$319.71
72,000 at 3.42%$320.11
72,000 at 3.43%$320.51
72,000 at 3.44%$320.91
72,000 at 3.45%$321.31
72,000 at 3.46%$321.71
72,000 at 3.47%$322.11
72,000 at 3.48%$322.51
72,000 at 3.49%$322.91
72,000 at 3.5%$323.31
Interest Rate 30 Year
72,000 at 3.51%$323.71
72,000 at 3.52%$324.12
72,000 at 3.53%$324.52
72,000 at 3.54%$324.92
72,000 at 3.55%$325.33
72,000 at 3.56%$325.73
72,000 at 3.57%$326.13
72,000 at 3.58%$326.54
72,000 at 3.59%$326.94
72,000 at 3.6%$327.34
72,000 at 3.61%$327.75
72,000 at 3.62%$328.15
72,000 at 3.63%$328.56
72,000 at 3.64%$328.97
72,000 at 3.65%$329.37
72,000 at 3.66%$329.78
72,000 at 3.67%$330.18
72,000 at 3.68%$330.59
72,000 at 3.69%$331.00
72,000 at 3.7%$331.40
72,000 at 3.71%$331.81
72,000 at 3.72%$332.22
72,000 at 3.73%$332.63
72,000 at 3.74%$333.03
72,000 at 3.75%$333.44
72,000 at 3.76%$333.85
72,000 at 3.77%$334.26
72,000 at 3.78%$334.67
72,000 at 3.79%$335.08
72,000 at 3.8%$335.49
72,000 at 3.81%$335.90
72,000 at 3.82%$336.31
72,000 at 3.83%$336.72
72,000 at 3.84%$337.13
72,000 at 3.85%$337.54
72,000 at 3.86%$337.95
72,000 at 3.87%$338.36
72,000 at 3.88%$338.78
72,000 at 3.89%$339.19
72,000 at 3.9%$339.60
72,000 at 3.91%$340.01
72,000 at 3.92%$340.43
72,000 at 3.93%$340.84
72,000 at 3.94%$341.25
72,000 at 3.95%$341.67
72,000 at 3.96%$342.08
72,000 at 3.97%$342.49
72,000 at 3.98%$342.91
72,000 at 3.99%$343.32
72,000 at 4%$343.74
72,000 at 4.01%$344.15
72,000 at 4.02%$344.57
72,000 at 4.03%$344.99
72,000 at 4.04%$345.40
72,000 at 4.05%$345.82
72,000 at 4.06%$346.23
72,000 at 4.07%$346.65
72,000 at 4.08%$347.07
72,000 at 4.09%$347.49
72,000 at 4.1%$347.90
72,000 at 4.11%$348.32
72,000 at 4.12%$348.74
72,000 at 4.13%$349.16
72,000 at 4.14%$349.58
72,000 at 4.15%$349.99
72,000 at 4.16%$350.41
72,000 at 4.17%$350.83
72,000 at 4.18%$351.25
72,000 at 4.19%$351.67
72,000 at 4.2%$352.09
72,000 at 4.21%$352.51
72,000 at 4.22%$352.93
72,000 at 4.23%$353.35
72,000 at 4.24%$353.78
72,000 at 4.25%$354.20
72,000 at 4.26%$354.62
72,000 at 4.27%$355.04
72,000 at 4.28%$355.46
72,000 at 4.29%$355.88
72,000 at 4.3%$356.31
72,000 at 4.31%$356.73
72,000 at 4.32%$357.15
72,000 at 4.33%$357.58
72,000 at 4.34%$358.00
72,000 at 4.35%$358.42
72,000 at 4.36%$358.85
72,000 at 4.37%$359.27
72,000 at 4.38%$359.70
72,000 at 4.39%$360.12
72,000 at 4.4%$360.55
72,000 at 4.41%$360.97
72,000 at 4.42%$361.40
72,000 at 4.43%$361.82
72,000 at 4.44%$362.25
72,000 at 4.45%$362.68
72,000 at 4.46%$363.10
72,000 at 4.47%$363.53
72,000 at 4.48%$363.96
72,000 at 4.49%$364.39
72,000 at 4.5%$364.81
72,000 at 4.51%$365.24
72,000 at 4.52%$365.67
72,000 at 4.53%$366.10
72,000 at 4.54%$366.53
72,000 at 4.55%$366.96
72,000 at 4.56%$367.38
72,000 at 4.57%$367.81
72,000 at 4.58%$368.24
72,000 at 4.59%$368.67
72,000 at 4.6%$369.10
72,000 at 4.61%$369.53
72,000 at 4.62%$369.97
72,000 at 4.63%$370.40
72,000 at 4.64%$370.83
72,000 at 4.65%$371.26
72,000 at 4.66%$371.69
72,000 at 4.67%$372.12
72,000 at 4.68%$372.55
72,000 at 4.69%$372.99
72,000 at 4.7%$373.42
72,000 at 4.71%$373.85
72,000 at 4.72%$374.29
72,000 at 4.73%$374.72
72,000 at 4.74%$375.15
72,000 at 4.75%$375.59
72,000 at 4.76%$376.02
72,000 at 4.77%$376.45
72,000 at 4.78%$376.89
72,000 at 4.79%$377.32
72,000 at 4.8%$377.76
72,000 at 4.81%$378.19
72,000 at 4.82%$378.63
72,000 at 4.83%$379.07
72,000 at 4.84%$379.50
72,000 at 4.85%$379.94
72,000 at 4.86%$380.37
72,000 at 4.87%$380.81
72,000 at 4.88%$381.25
72,000 at 4.89%$381.69
72,000 at 4.9%$382.12
72,000 at 4.91%$382.56
72,000 at 4.92%$383.00
72,000 at 4.93%$383.44
72,000 at 4.94%$383.88
72,000 at 4.95%$384.31
72,000 at 4.96%$384.75
72,000 at 4.97%$385.19
72,000 at 4.98%$385.63
72,000 at 4.99%$386.07
72,000 at 5%$386.51
Interest Rate 30 Year
72,000 at 5.01%$386.95
72,000 at 5.02%$387.39
72,000 at 5.03%$387.83
72,000 at 5.04%$388.27
72,000 at 5.05%$388.71
72,000 at 5.06%$389.16
72,000 at 5.07%$389.60
72,000 at 5.08%$390.04
72,000 at 5.09%$390.48
72,000 at 5.1%$390.92
72,000 at 5.11%$391.37
72,000 at 5.12%$391.81
72,000 at 5.13%$392.25
72,000 at 5.14%$392.70
72,000 at 5.15%$393.14
72,000 at 5.16%$393.58
72,000 at 5.17%$394.03
72,000 at 5.18%$394.47
72,000 at 5.19%$394.92
72,000 at 5.2%$395.36
72,000 at 5.21%$395.80
72,000 at 5.22%$396.25
72,000 at 5.23%$396.70
72,000 at 5.24%$397.14
72,000 at 5.25%$397.59
72,000 at 5.26%$398.03
72,000 at 5.27%$398.48
72,000 at 5.28%$398.93
72,000 at 5.29%$399.37
72,000 at 5.3%$399.82
72,000 at 5.31%$400.27
72,000 at 5.32%$400.71
72,000 at 5.33%$401.16
72,000 at 5.34%$401.61
72,000 at 5.35%$402.06
72,000 at 5.36%$402.51
72,000 at 5.37%$402.95
72,000 at 5.38%$403.40
72,000 at 5.39%$403.85
72,000 at 5.4%$404.30
72,000 at 5.41%$404.75
72,000 at 5.42%$405.20
72,000 at 5.43%$405.65
72,000 at 5.44%$406.10
72,000 at 5.45%$406.55
72,000 at 5.46%$407.00
72,000 at 5.47%$407.45
72,000 at 5.48%$407.91
72,000 at 5.49%$408.36
72,000 at 5.5%$408.81
72,000 at 5.51%$409.26
72,000 at 5.52%$409.71
72,000 at 5.53%$410.16
72,000 at 5.54%$410.62
72,000 at 5.55%$411.07
72,000 at 5.56%$411.52
72,000 at 5.57%$411.98
72,000 at 5.58%$412.43
72,000 at 5.59%$412.88
72,000 at 5.6%$413.34
72,000 at 5.61%$413.79
72,000 at 5.62%$414.25
72,000 at 5.63%$414.70
72,000 at 5.64%$415.15
72,000 at 5.65%$415.61
72,000 at 5.66%$416.07
72,000 at 5.67%$416.52
72,000 at 5.68%$416.98
72,000 at 5.69%$417.43
72,000 at 5.7%$417.89
72,000 at 5.71%$418.34
72,000 at 5.72%$418.80
72,000 at 5.73%$419.26
72,000 at 5.74%$419.72
72,000 at 5.75%$420.17
72,000 at 5.76%$420.63
72,000 at 5.77%$421.09
72,000 at 5.78%$421.55
72,000 at 5.79%$422.00
72,000 at 5.8%$422.46
72,000 at 5.81%$422.92
72,000 at 5.82%$423.38
72,000 at 5.83%$423.84
72,000 at 5.84%$424.30
72,000 at 5.85%$424.76
72,000 at 5.86%$425.22
72,000 at 5.87%$425.68
72,000 at 5.88%$426.14
72,000 at 5.89%$426.60
72,000 at 5.9%$427.06
72,000 at 5.91%$427.52
72,000 at 5.92%$427.98
72,000 at 5.93%$428.44
72,000 at 5.94%$428.90
72,000 at 5.95%$429.36
72,000 at 5.96%$429.83
72,000 at 5.97%$430.29
72,000 at 5.98%$430.75
72,000 at 5.99%$431.21
72,000 at 6%$431.68
72,000 at 6.01%$432.14
72,000 at 6.02%$432.60
72,000 at 6.03%$433.07
72,000 at 6.04%$433.53
72,000 at 6.05%$433.99
72,000 at 6.06%$434.46
72,000 at 6.07%$434.92
72,000 at 6.08%$435.39
72,000 at 6.09%$435.85
72,000 at 6.1%$436.32
72,000 at 6.11%$436.78
72,000 at 6.12%$437.25
72,000 at 6.13%$437.71
72,000 at 6.14%$438.18
72,000 at 6.15%$438.64
72,000 at 6.16%$439.11
72,000 at 6.17%$439.58
72,000 at 6.18%$440.04
72,000 at 6.19%$440.51
72,000 at 6.2%$440.98
72,000 at 6.21%$441.44
72,000 at 6.22%$441.91
72,000 at 6.23%$442.38
72,000 at 6.24%$442.85
72,000 at 6.25%$443.32
72,000 at 6.26%$443.78
72,000 at 6.27%$444.25
72,000 at 6.28%$444.72
72,000 at 6.29%$445.19
72,000 at 6.3%$445.66
72,000 at 6.31%$446.13
72,000 at 6.32%$446.60
72,000 at 6.33%$447.07
72,000 at 6.34%$447.54
72,000 at 6.35%$448.01
72,000 at 6.36%$448.48
72,000 at 6.37%$448.95
72,000 at 6.38%$449.42
72,000 at 6.39%$449.89
72,000 at 6.4%$450.36
72,000 at 6.41%$450.84
72,000 at 6.42%$451.31
72,000 at 6.43%$451.78
72,000 at 6.44%$452.25
72,000 at 6.45%$452.72
72,000 at 6.46%$453.20
72,000 at 6.47%$453.67
72,000 at 6.48%$454.14
72,000 at 6.49%$454.62
72,000 at 6.5%$455.09
Interest Rate 30 Year
72,000 at 6.51%$455.56
72,000 at 6.52%$456.04
72,000 at 6.53%$456.51
72,000 at 6.54%$456.98
72,000 at 6.55%$457.46
72,000 at 6.56%$457.93
72,000 at 6.57%$458.41
72,000 at 6.58%$458.88
72,000 at 6.59%$459.36
72,000 at 6.6%$459.83
72,000 at 6.61%$460.31
72,000 at 6.62%$460.79
72,000 at 6.63%$461.26
72,000 at 6.64%$461.74
72,000 at 6.65%$462.21
72,000 at 6.66%$462.69
72,000 at 6.67%$463.17
72,000 at 6.68%$463.65
72,000 at 6.69%$464.12
72,000 at 6.7%$464.60
72,000 at 6.71%$465.08
72,000 at 6.72%$465.56
72,000 at 6.73%$466.03
72,000 at 6.74%$466.51
72,000 at 6.75%$466.99
72,000 at 6.76%$467.47
72,000 at 6.77%$467.95
72,000 at 6.78%$468.43
72,000 at 6.79%$468.91
72,000 at 6.8%$469.39
72,000 at 6.81%$469.87
72,000 at 6.82%$470.35
72,000 at 6.83%$470.83
72,000 at 6.84%$471.31
72,000 at 6.85%$471.79
72,000 at 6.86%$472.27
72,000 at 6.87%$472.75
72,000 at 6.88%$473.23
72,000 at 6.89%$473.71
72,000 at 6.9%$474.19
72,000 at 6.91%$474.67
72,000 at 6.92%$475.16
72,000 at 6.93%$475.64
72,000 at 6.94%$476.12
72,000 at 6.95%$476.60
72,000 at 6.96%$477.09
72,000 at 6.97%$477.57
72,000 at 6.98%$478.05
72,000 at 6.99%$478.53
72,000 at 7%$479.02
72,000 at 7.01%$479.50
72,000 at 7.02%$479.99
72,000 at 7.03%$480.47
72,000 at 7.04%$480.95
72,000 at 7.05%$481.44
72,000 at 7.06%$481.92
72,000 at 7.07%$482.41
72,000 at 7.08%$482.89
72,000 at 7.09%$483.38
72,000 at 7.1%$483.86
72,000 at 7.11%$484.35
72,000 at 7.12%$484.83
72,000 at 7.13%$485.32
72,000 at 7.14%$485.81
72,000 at 7.15%$486.29
72,000 at 7.16%$486.78
72,000 at 7.17%$487.27
72,000 at 7.18%$487.75
72,000 at 7.19%$488.24
72,000 at 7.2%$488.73
72,000 at 7.21%$489.22
72,000 at 7.22%$489.70
72,000 at 7.23%$490.19
72,000 at 7.24%$490.68
72,000 at 7.25%$491.17
72,000 at 7.26%$491.66
72,000 at 7.27%$492.14
72,000 at 7.28%$492.63
72,000 at 7.29%$493.12
72,000 at 7.3%$493.61
72,000 at 7.31%$494.10
72,000 at 7.32%$494.59
72,000 at 7.33%$495.08
72,000 at 7.34%$495.57
72,000 at 7.35%$496.06
72,000 at 7.36%$496.55
72,000 at 7.37%$497.04
72,000 at 7.38%$497.53
72,000 at 7.39%$498.02
72,000 at 7.4%$498.51
72,000 at 7.41%$499.00
72,000 at 7.42%$499.50
72,000 at 7.43%$499.99
72,000 at 7.44%$500.48
72,000 at 7.45%$500.97
72,000 at 7.46%$501.46
72,000 at 7.47%$501.96
72,000 at 7.48%$502.45
72,000 at 7.49%$502.94
72,000 at 7.5%$503.43
72,000 at 7.51%$503.93
72,000 at 7.52%$504.42
72,000 at 7.53%$504.91
72,000 at 7.54%$505.41
72,000 at 7.55%$505.90
72,000 at 7.56%$506.40
72,000 at 7.57%$506.89
72,000 at 7.58%$507.38
72,000 at 7.59%$507.88
72,000 at 7.6%$508.37
72,000 at 7.61%$508.87
72,000 at 7.62%$509.36
72,000 at 7.63%$509.86
72,000 at 7.64%$510.35
72,000 at 7.65%$510.85
72,000 at 7.66%$511.35
72,000 at 7.67%$511.84
72,000 at 7.68%$512.34
72,000 at 7.69%$512.83
72,000 at 7.7%$513.33
72,000 at 7.71%$513.83
72,000 at 7.72%$514.32
72,000 at 7.73%$514.82
72,000 at 7.74%$515.32
72,000 at 7.75%$515.82
72,000 at 7.76%$516.31
72,000 at 7.77%$516.81
72,000 at 7.78%$517.31
72,000 at 7.79%$517.81
72,000 at 7.8%$518.31
72,000 at 7.81%$518.81
72,000 at 7.82%$519.30
72,000 at 7.83%$519.80
72,000 at 7.84%$520.30
72,000 at 7.85%$520.80
72,000 at 7.86%$521.30
72,000 at 7.87%$521.80
72,000 at 7.88%$522.30
72,000 at 7.89%$522.80
72,000 at 7.9%$523.30
72,000 at 7.91%$523.80
72,000 at 7.92%$524.30
72,000 at 7.93%$524.80
72,000 at 7.94%$525.30
72,000 at 7.95%$525.80
72,000 at 7.96%$526.30
72,000 at 7.97%$526.81
72,000 at 7.98%$527.31
72,000 at 7.99%$527.81
72,000 at 8%$528.31
More Amounts
What is the down payment for a $72,000 house? How much do you need to put down?
Percent Down Down Payment
1%720
2%1,440
3%2,160
4%2,880
5%3,600
6%4,320
7%5,040
8%5,760
9%6,480
10%7,200
11%7,920
12%8,640
13%9,360
14%10,080
15%10,800
16%11,520
17%12,240
18%12,960
19%13,680
20%14,400
Percent Down Down Payment
21%15,120
22%15,840
23%16,560
24%17,280
25%18,000
26%18,720
27%19,440
28%20,160
29%20,880
30%21,600
31%22,320
32%23,040
33%23,760
34%24,480
35%25,200
36%25,920
37%26,640
38%27,360
39%28,080
40%28,800
Percent Down Down Payment
41%29,520
42%30,240
43%30,960
44%31,680
45%32,400
46%33,120
47%33,840
48%34,560
49%35,280
50%36,000
51%36,720
52%37,440
53%38,160
54%38,880
55%39,600
56%40,320
57%41,040
58%41,760
59%42,480
60%43,200
Percent Down Down Payment
61%43,920
62%44,640
63%45,360
64%46,080
65%46,800
66%47,520
67%48,240
68%48,960
69%49,680
70%50,400
71%51,120
72%51,840
73%52,560
74%53,280
75%54,000
76%54,720
77%55,440
78%56,160
79%56,880
80%57,600
Percent Down Down Payment
81%58,320
82%59,040
83%59,760
84%60,480
85%61,200
86%61,920
87%62,640
88%63,360
89%64,080
90%64,800
91%65,520
92%66,240
93%66,960
94%67,680
95%68,400
96%69,120
97%69,840
98%70,560
99%71,280
100%72,000
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.