$80,050 Mortgage for 30 Years

What is the monthly payment of a 80,050 dollar loan?
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Loan Tables for a $80,050 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 80k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $80,050 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
80,050 at 2.01%$296.28
80,050 at 2.02%$296.68
80,050 at 2.03%$297.08
80,050 at 2.04%$297.48
80,050 at 2.05%$297.89
80,050 at 2.06%$298.29
80,050 at 2.07%$298.69
80,050 at 2.08%$299.09
80,050 at 2.09%$299.50
80,050 at 2.1%$299.90
80,050 at 2.11%$300.30
80,050 at 2.12%$300.71
80,050 at 2.13%$301.11
80,050 at 2.14%$301.52
80,050 at 2.15%$301.92
80,050 at 2.16%$302.33
80,050 at 2.17%$302.73
80,050 at 2.18%$303.14
80,050 at 2.19%$303.54
80,050 at 2.2%$303.95
80,050 at 2.21%$304.36
80,050 at 2.22%$304.76
80,050 at 2.23%$305.17
80,050 at 2.24%$305.58
80,050 at 2.25%$305.99
80,050 at 2.26%$306.40
80,050 at 2.27%$306.81
80,050 at 2.28%$307.21
80,050 at 2.29%$307.62
80,050 at 2.3%$308.03
80,050 at 2.31%$308.44
80,050 at 2.32%$308.85
80,050 at 2.33%$309.26
80,050 at 2.34%$309.68
80,050 at 2.35%$310.09
80,050 at 2.36%$310.50
80,050 at 2.37%$310.91
80,050 at 2.38%$311.32
80,050 at 2.39%$311.74
80,050 at 2.4%$312.15
80,050 at 2.41%$312.56
80,050 at 2.42%$312.97
80,050 at 2.43%$313.39
80,050 at 2.44%$313.80
80,050 at 2.45%$314.22
80,050 at 2.46%$314.63
80,050 at 2.47%$315.05
80,050 at 2.48%$315.46
80,050 at 2.49%$315.88
80,050 at 2.5%$316.29
80,050 at 2.51%$316.71
80,050 at 2.52%$317.13
80,050 at 2.53%$317.54
80,050 at 2.54%$317.96
80,050 at 2.55%$318.38
80,050 at 2.56%$318.80
80,050 at 2.57%$319.22
80,050 at 2.58%$319.63
80,050 at 2.59%$320.05
80,050 at 2.6%$320.47
80,050 at 2.61%$320.89
80,050 at 2.62%$321.31
80,050 at 2.63%$321.73
80,050 at 2.64%$322.15
80,050 at 2.65%$322.57
80,050 at 2.66%$322.99
80,050 at 2.67%$323.41
80,050 at 2.68%$323.84
80,050 at 2.69%$324.26
80,050 at 2.7%$324.68
80,050 at 2.71%$325.10
80,050 at 2.72%$325.53
80,050 at 2.73%$325.95
80,050 at 2.74%$326.37
80,050 at 2.75%$326.80
80,050 at 2.76%$327.22
80,050 at 2.77%$327.65
80,050 at 2.78%$328.07
80,050 at 2.79%$328.50
80,050 at 2.8%$328.92
80,050 at 2.81%$329.35
80,050 at 2.82%$329.77
80,050 at 2.83%$330.20
80,050 at 2.84%$330.63
80,050 at 2.85%$331.05
80,050 at 2.86%$331.48
80,050 at 2.87%$331.91
80,050 at 2.88%$332.34
80,050 at 2.89%$332.76
80,050 at 2.9%$333.19
80,050 at 2.91%$333.62
80,050 at 2.92%$334.05
80,050 at 2.93%$334.48
80,050 at 2.94%$334.91
80,050 at 2.95%$335.34
80,050 at 2.96%$335.77
80,050 at 2.97%$336.20
80,050 at 2.98%$336.63
80,050 at 2.99%$337.06
80,050 at 3%$337.49
80,050 at 3.01%$337.93
80,050 at 3.02%$338.36
80,050 at 3.03%$338.79
80,050 at 3.04%$339.22
80,050 at 3.05%$339.66
80,050 at 3.06%$340.09
80,050 at 3.07%$340.52
80,050 at 3.08%$340.96
80,050 at 3.09%$341.39
80,050 at 3.1%$341.83
80,050 at 3.11%$342.26
80,050 at 3.12%$342.70
80,050 at 3.13%$343.13
80,050 at 3.14%$343.57
80,050 at 3.15%$344.00
80,050 at 3.16%$344.44
80,050 at 3.17%$344.88
80,050 at 3.18%$345.31
80,050 at 3.19%$345.75
80,050 at 3.2%$346.19
80,050 at 3.21%$346.63
80,050 at 3.22%$347.07
80,050 at 3.23%$347.50
80,050 at 3.24%$347.94
80,050 at 3.25%$348.38
80,050 at 3.26%$348.82
80,050 at 3.27%$349.26
80,050 at 3.28%$349.70
80,050 at 3.29%$350.14
80,050 at 3.3%$350.58
80,050 at 3.31%$351.02
80,050 at 3.32%$351.47
80,050 at 3.33%$351.91
80,050 at 3.34%$352.35
80,050 at 3.35%$352.79
80,050 at 3.36%$353.23
80,050 at 3.37%$353.68
80,050 at 3.38%$354.12
80,050 at 3.39%$354.56
80,050 at 3.4%$355.01
80,050 at 3.41%$355.45
80,050 at 3.42%$355.90
80,050 at 3.43%$356.34
80,050 at 3.44%$356.78
80,050 at 3.45%$357.23
80,050 at 3.46%$357.68
80,050 at 3.47%$358.12
80,050 at 3.48%$358.57
80,050 at 3.49%$359.01
80,050 at 3.5%$359.46
Interest Rate 30 Year
80,050 at 3.51%$359.91
80,050 at 3.52%$360.35
80,050 at 3.53%$360.80
80,050 at 3.54%$361.25
80,050 at 3.55%$361.70
80,050 at 3.56%$362.15
80,050 at 3.57%$362.60
80,050 at 3.58%$363.04
80,050 at 3.59%$363.49
80,050 at 3.6%$363.94
80,050 at 3.61%$364.39
80,050 at 3.62%$364.84
80,050 at 3.63%$365.29
80,050 at 3.64%$365.75
80,050 at 3.65%$366.20
80,050 at 3.66%$366.65
80,050 at 3.67%$367.10
80,050 at 3.68%$367.55
80,050 at 3.69%$368.00
80,050 at 3.7%$368.46
80,050 at 3.71%$368.91
80,050 at 3.72%$369.36
80,050 at 3.73%$369.82
80,050 at 3.74%$370.27
80,050 at 3.75%$370.72
80,050 at 3.76%$371.18
80,050 at 3.77%$371.63
80,050 at 3.78%$372.09
80,050 at 3.79%$372.54
80,050 at 3.8%$373.00
80,050 at 3.81%$373.45
80,050 at 3.82%$373.91
80,050 at 3.83%$374.37
80,050 at 3.84%$374.82
80,050 at 3.85%$375.28
80,050 at 3.86%$375.74
80,050 at 3.87%$376.20
80,050 at 3.88%$376.65
80,050 at 3.89%$377.11
80,050 at 3.9%$377.57
80,050 at 3.91%$378.03
80,050 at 3.92%$378.49
80,050 at 3.93%$378.95
80,050 at 3.94%$379.41
80,050 at 3.95%$379.87
80,050 at 3.96%$380.33
80,050 at 3.97%$380.79
80,050 at 3.98%$381.25
80,050 at 3.99%$381.71
80,050 at 4%$382.17
80,050 at 4.01%$382.63
80,050 at 4.02%$383.09
80,050 at 4.03%$383.56
80,050 at 4.04%$384.02
80,050 at 4.05%$384.48
80,050 at 4.06%$384.95
80,050 at 4.07%$385.41
80,050 at 4.08%$385.87
80,050 at 4.09%$386.34
80,050 at 4.1%$386.80
80,050 at 4.11%$387.26
80,050 at 4.12%$387.73
80,050 at 4.13%$388.19
80,050 at 4.14%$388.66
80,050 at 4.15%$389.13
80,050 at 4.16%$389.59
80,050 at 4.17%$390.06
80,050 at 4.18%$390.52
80,050 at 4.19%$390.99
80,050 at 4.2%$391.46
80,050 at 4.21%$391.93
80,050 at 4.22%$392.39
80,050 at 4.23%$392.86
80,050 at 4.24%$393.33
80,050 at 4.25%$393.80
80,050 at 4.26%$394.27
80,050 at 4.27%$394.74
80,050 at 4.28%$395.21
80,050 at 4.29%$395.67
80,050 at 4.3%$396.14
80,050 at 4.31%$396.61
80,050 at 4.32%$397.09
80,050 at 4.33%$397.56
80,050 at 4.34%$398.03
80,050 at 4.35%$398.50
80,050 at 4.36%$398.97
80,050 at 4.37%$399.44
80,050 at 4.38%$399.91
80,050 at 4.39%$400.39
80,050 at 4.4%$400.86
80,050 at 4.41%$401.33
80,050 at 4.42%$401.81
80,050 at 4.43%$402.28
80,050 at 4.44%$402.75
80,050 at 4.45%$403.23
80,050 at 4.46%$403.70
80,050 at 4.47%$404.18
80,050 at 4.48%$404.65
80,050 at 4.49%$405.13
80,050 at 4.5%$405.60
80,050 at 4.51%$406.08
80,050 at 4.52%$406.55
80,050 at 4.53%$407.03
80,050 at 4.54%$407.51
80,050 at 4.55%$407.98
80,050 at 4.56%$408.46
80,050 at 4.57%$408.94
80,050 at 4.58%$409.42
80,050 at 4.59%$409.89
80,050 at 4.6%$410.37
80,050 at 4.61%$410.85
80,050 at 4.62%$411.33
80,050 at 4.63%$411.81
80,050 at 4.64%$412.29
80,050 at 4.65%$412.77
80,050 at 4.66%$413.25
80,050 at 4.67%$413.73
80,050 at 4.68%$414.21
80,050 at 4.69%$414.69
80,050 at 4.7%$415.17
80,050 at 4.71%$415.65
80,050 at 4.72%$416.13
80,050 at 4.73%$416.61
80,050 at 4.74%$417.10
80,050 at 4.75%$417.58
80,050 at 4.76%$418.06
80,050 at 4.77%$418.54
80,050 at 4.78%$419.03
80,050 at 4.79%$419.51
80,050 at 4.8%$419.99
80,050 at 4.81%$420.48
80,050 at 4.82%$420.96
80,050 at 4.83%$421.45
80,050 at 4.84%$421.93
80,050 at 4.85%$422.42
80,050 at 4.86%$422.90
80,050 at 4.87%$423.39
80,050 at 4.88%$423.87
80,050 at 4.89%$424.36
80,050 at 4.9%$424.85
80,050 at 4.91%$425.33
80,050 at 4.92%$425.82
80,050 at 4.93%$426.31
80,050 at 4.94%$426.80
80,050 at 4.95%$427.28
80,050 at 4.96%$427.77
80,050 at 4.97%$428.26
80,050 at 4.98%$428.75
80,050 at 4.99%$429.24
80,050 at 5%$429.73
Interest Rate 30 Year
80,050 at 5.01%$430.22
80,050 at 5.02%$430.70
80,050 at 5.03%$431.19
80,050 at 5.04%$431.68
80,050 at 5.05%$432.18
80,050 at 5.06%$432.67
80,050 at 5.07%$433.16
80,050 at 5.08%$433.65
80,050 at 5.09%$434.14
80,050 at 5.1%$434.63
80,050 at 5.11%$435.12
80,050 at 5.12%$435.62
80,050 at 5.13%$436.11
80,050 at 5.14%$436.60
80,050 at 5.15%$437.09
80,050 at 5.16%$437.59
80,050 at 5.17%$438.08
80,050 at 5.18%$438.57
80,050 at 5.19%$439.07
80,050 at 5.2%$439.56
80,050 at 5.21%$440.06
80,050 at 5.22%$440.55
80,050 at 5.23%$441.05
80,050 at 5.24%$441.54
80,050 at 5.25%$442.04
80,050 at 5.26%$442.54
80,050 at 5.27%$443.03
80,050 at 5.28%$443.53
80,050 at 5.29%$444.02
80,050 at 5.3%$444.52
80,050 at 5.31%$445.02
80,050 at 5.32%$445.52
80,050 at 5.33%$446.01
80,050 at 5.34%$446.51
80,050 at 5.35%$447.01
80,050 at 5.36%$447.51
80,050 at 5.37%$448.01
80,050 at 5.38%$448.51
80,050 at 5.39%$449.01
80,050 at 5.4%$449.51
80,050 at 5.41%$450.01
80,050 at 5.42%$450.51
80,050 at 5.43%$451.01
80,050 at 5.44%$451.51
80,050 at 5.45%$452.01
80,050 at 5.46%$452.51
80,050 at 5.47%$453.01
80,050 at 5.48%$453.51
80,050 at 5.49%$454.01
80,050 at 5.5%$454.52
80,050 at 5.51%$455.02
80,050 at 5.52%$455.52
80,050 at 5.53%$456.02
80,050 at 5.54%$456.53
80,050 at 5.55%$457.03
80,050 at 5.56%$457.53
80,050 at 5.57%$458.04
80,050 at 5.58%$458.54
80,050 at 5.59%$459.05
80,050 at 5.6%$459.55
80,050 at 5.61%$460.06
80,050 at 5.62%$460.56
80,050 at 5.63%$461.07
80,050 at 5.64%$461.57
80,050 at 5.65%$462.08
80,050 at 5.66%$462.58
80,050 at 5.67%$463.09
80,050 at 5.68%$463.60
80,050 at 5.69%$464.10
80,050 at 5.7%$464.61
80,050 at 5.71%$465.12
80,050 at 5.72%$465.63
80,050 at 5.73%$466.13
80,050 at 5.74%$466.64
80,050 at 5.75%$467.15
80,050 at 5.76%$467.66
80,050 at 5.77%$468.17
80,050 at 5.78%$468.68
80,050 at 5.79%$469.19
80,050 at 5.8%$469.70
80,050 at 5.81%$470.21
80,050 at 5.82%$470.72
80,050 at 5.83%$471.23
80,050 at 5.84%$471.74
80,050 at 5.85%$472.25
80,050 at 5.86%$472.76
80,050 at 5.87%$473.27
80,050 at 5.88%$473.78
80,050 at 5.89%$474.29
80,050 at 5.9%$474.81
80,050 at 5.91%$475.32
80,050 at 5.92%$475.83
80,050 at 5.93%$476.34
80,050 at 5.94%$476.86
80,050 at 5.95%$477.37
80,050 at 5.96%$477.88
80,050 at 5.97%$478.40
80,050 at 5.98%$478.91
80,050 at 5.99%$479.43
80,050 at 6%$479.94
80,050 at 6.01%$480.45
80,050 at 6.02%$480.97
80,050 at 6.03%$481.49
80,050 at 6.04%$482.00
80,050 at 6.05%$482.52
80,050 at 6.06%$483.03
80,050 at 6.07%$483.55
80,050 at 6.08%$484.07
80,050 at 6.09%$484.58
80,050 at 6.1%$485.10
80,050 at 6.11%$485.62
80,050 at 6.12%$486.13
80,050 at 6.13%$486.65
80,050 at 6.14%$487.17
80,050 at 6.15%$487.69
80,050 at 6.16%$488.21
80,050 at 6.17%$488.72
80,050 at 6.18%$489.24
80,050 at 6.19%$489.76
80,050 at 6.2%$490.28
80,050 at 6.21%$490.80
80,050 at 6.22%$491.32
80,050 at 6.23%$491.84
80,050 at 6.24%$492.36
80,050 at 6.25%$492.88
80,050 at 6.26%$493.40
80,050 at 6.27%$493.92
80,050 at 6.28%$494.44
80,050 at 6.29%$494.97
80,050 at 6.3%$495.49
80,050 at 6.31%$496.01
80,050 at 6.32%$496.53
80,050 at 6.33%$497.05
80,050 at 6.34%$497.58
80,050 at 6.35%$498.10
80,050 at 6.36%$498.62
80,050 at 6.37%$499.15
80,050 at 6.38%$499.67
80,050 at 6.39%$500.19
80,050 at 6.4%$500.72
80,050 at 6.41%$501.24
80,050 at 6.42%$501.77
80,050 at 6.43%$502.29
80,050 at 6.44%$502.82
80,050 at 6.45%$503.34
80,050 at 6.46%$503.87
80,050 at 6.47%$504.39
80,050 at 6.48%$504.92
80,050 at 6.49%$505.44
80,050 at 6.5%$505.97
Interest Rate 30 Year
80,050 at 6.51%$506.50
80,050 at 6.52%$507.02
80,050 at 6.53%$507.55
80,050 at 6.54%$508.08
80,050 at 6.55%$508.61
80,050 at 6.56%$509.13
80,050 at 6.57%$509.66
80,050 at 6.58%$510.19
80,050 at 6.59%$510.72
80,050 at 6.6%$511.25
80,050 at 6.61%$511.78
80,050 at 6.62%$512.30
80,050 at 6.63%$512.83
80,050 at 6.64%$513.36
80,050 at 6.65%$513.89
80,050 at 6.66%$514.42
80,050 at 6.67%$514.95
80,050 at 6.68%$515.48
80,050 at 6.69%$516.01
80,050 at 6.7%$516.55
80,050 at 6.71%$517.08
80,050 at 6.72%$517.61
80,050 at 6.73%$518.14
80,050 at 6.74%$518.67
80,050 at 6.75%$519.20
80,050 at 6.76%$519.73
80,050 at 6.77%$520.27
80,050 at 6.78%$520.80
80,050 at 6.79%$521.33
80,050 at 6.8%$521.87
80,050 at 6.81%$522.40
80,050 at 6.82%$522.93
80,050 at 6.83%$523.47
80,050 at 6.84%$524.00
80,050 at 6.85%$524.54
80,050 at 6.86%$525.07
80,050 at 6.87%$525.60
80,050 at 6.88%$526.14
80,050 at 6.89%$526.67
80,050 at 6.9%$527.21
80,050 at 6.91%$527.74
80,050 at 6.92%$528.28
80,050 at 6.93%$528.82
80,050 at 6.94%$529.35
80,050 at 6.95%$529.89
80,050 at 6.96%$530.43
80,050 at 6.97%$530.96
80,050 at 6.98%$531.50
80,050 at 6.99%$532.04
80,050 at 7%$532.57
80,050 at 7.01%$533.11
80,050 at 7.02%$533.65
80,050 at 7.03%$534.19
80,050 at 7.04%$534.73
80,050 at 7.05%$535.27
80,050 at 7.06%$535.80
80,050 at 7.07%$536.34
80,050 at 7.08%$536.88
80,050 at 7.09%$537.42
80,050 at 7.1%$537.96
80,050 at 7.11%$538.50
80,050 at 7.12%$539.04
80,050 at 7.13%$539.58
80,050 at 7.14%$540.12
80,050 at 7.15%$540.66
80,050 at 7.16%$541.20
80,050 at 7.17%$541.75
80,050 at 7.18%$542.29
80,050 at 7.19%$542.83
80,050 at 7.2%$543.37
80,050 at 7.21%$543.91
80,050 at 7.22%$544.45
80,050 at 7.23%$545.00
80,050 at 7.24%$545.54
80,050 at 7.25%$546.08
80,050 at 7.26%$546.63
80,050 at 7.27%$547.17
80,050 at 7.28%$547.71
80,050 at 7.29%$548.26
80,050 at 7.3%$548.80
80,050 at 7.31%$549.34
80,050 at 7.32%$549.89
80,050 at 7.33%$550.43
80,050 at 7.34%$550.98
80,050 at 7.35%$551.52
80,050 at 7.36%$552.07
80,050 at 7.37%$552.61
80,050 at 7.38%$553.16
80,050 at 7.39%$553.70
80,050 at 7.4%$554.25
80,050 at 7.41%$554.80
80,050 at 7.42%$555.34
80,050 at 7.43%$555.89
80,050 at 7.44%$556.44
80,050 at 7.45%$556.98
80,050 at 7.46%$557.53
80,050 at 7.47%$558.08
80,050 at 7.48%$558.63
80,050 at 7.49%$559.17
80,050 at 7.5%$559.72
80,050 at 7.51%$560.27
80,050 at 7.52%$560.82
80,050 at 7.53%$561.37
80,050 at 7.54%$561.92
80,050 at 7.55%$562.46
80,050 at 7.56%$563.01
80,050 at 7.57%$563.56
80,050 at 7.58%$564.11
80,050 at 7.59%$564.66
80,050 at 7.6%$565.21
80,050 at 7.61%$565.76
80,050 at 7.62%$566.31
80,050 at 7.63%$566.86
80,050 at 7.64%$567.42
80,050 at 7.65%$567.97
80,050 at 7.66%$568.52
80,050 at 7.67%$569.07
80,050 at 7.68%$569.62
80,050 at 7.69%$570.17
80,050 at 7.7%$570.72
80,050 at 7.71%$571.28
80,050 at 7.72%$571.83
80,050 at 7.73%$572.38
80,050 at 7.74%$572.93
80,050 at 7.75%$573.49
80,050 at 7.76%$574.04
80,050 at 7.77%$574.59
80,050 at 7.78%$575.15
80,050 at 7.79%$575.70
80,050 at 7.8%$576.26
80,050 at 7.81%$576.81
80,050 at 7.82%$577.37
80,050 at 7.83%$577.92
80,050 at 7.84%$578.47
80,050 at 7.85%$579.03
80,050 at 7.86%$579.58
80,050 at 7.87%$580.14
80,050 at 7.88%$580.70
80,050 at 7.89%$581.25
80,050 at 7.9%$581.81
80,050 at 7.91%$582.36
80,050 at 7.92%$582.92
80,050 at 7.93%$583.48
80,050 at 7.94%$584.03
80,050 at 7.95%$584.59
80,050 at 7.96%$585.15
80,050 at 7.97%$585.71
80,050 at 7.98%$586.26
80,050 at 7.99%$586.82
80,050 at 8%$587.38
More Amounts
What is the down payment for a $80,050 house? How much do you need to put down?
Percent Down Down Payment
1%801
2%1,601
3%2,402
4%3,202
5%4,003
6%4,803
7%5,604
8%6,404
9%7,205
10%8,005
11%8,806
12%9,606
13%10,407
14%11,207
15%12,008
16%12,808
17%13,609
18%14,409
19%15,210
20%16,010
Percent Down Down Payment
21%16,811
22%17,611
23%18,412
24%19,212
25%20,013
26%20,813
27%21,614
28%22,414
29%23,215
30%24,015
31%24,816
32%25,616
33%26,417
34%27,217
35%28,018
36%28,818
37%29,619
38%30,419
39%31,220
40%32,020
Percent Down Down Payment
41%32,821
42%33,621
43%34,422
44%35,222
45%36,023
46%36,823
47%37,624
48%38,424
49%39,225
50%40,025
51%40,826
52%41,626
53%42,427
54%43,227
55%44,028
56%44,828
57%45,629
58%46,429
59%47,230
60%48,030
Percent Down Down Payment
61%48,831
62%49,631
63%50,432
64%51,232
65%52,033
66%52,833
67%53,634
68%54,434
69%55,235
70%56,035
71%56,836
72%57,636
73%58,437
74%59,237
75%60,038
76%60,838
77%61,639
78%62,439
79%63,240
80%64,040
Percent Down Down Payment
81%64,841
82%65,641
83%66,442
84%67,242
85%68,043
86%68,843
87%69,644
88%70,444
89%71,245
90%72,045
91%72,846
92%73,646
93%74,447
94%75,247
95%76,048
96%76,848
97%77,649
98%78,449
99%79,250
100%80,050
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.