$93,850 Mortgage for 30 Years

What is the monthly payment of a 93,850 dollar loan?
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Loan Tables for a $93,850 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 94k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $93,850 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
93,850 at 2.01%$347.36
93,850 at 2.02%$347.83
93,850 at 2.03%$348.30
93,850 at 2.04%$348.77
93,850 at 2.05%$349.24
93,850 at 2.06%$349.71
93,850 at 2.07%$350.18
93,850 at 2.08%$350.65
93,850 at 2.09%$351.13
93,850 at 2.1%$351.60
93,850 at 2.11%$352.07
93,850 at 2.12%$352.55
93,850 at 2.13%$353.02
93,850 at 2.14%$353.50
93,850 at 2.15%$353.97
93,850 at 2.16%$354.44
93,850 at 2.17%$354.92
93,850 at 2.18%$355.40
93,850 at 2.19%$355.87
93,850 at 2.2%$356.35
93,850 at 2.21%$356.83
93,850 at 2.22%$357.30
93,850 at 2.23%$357.78
93,850 at 2.24%$358.26
93,850 at 2.25%$358.74
93,850 at 2.26%$359.22
93,850 at 2.27%$359.70
93,850 at 2.28%$360.18
93,850 at 2.29%$360.66
93,850 at 2.3%$361.14
93,850 at 2.31%$361.62
93,850 at 2.32%$362.10
93,850 at 2.33%$362.58
93,850 at 2.34%$363.06
93,850 at 2.35%$363.54
93,850 at 2.36%$364.03
93,850 at 2.37%$364.51
93,850 at 2.38%$364.99
93,850 at 2.39%$365.48
93,850 at 2.4%$365.96
93,850 at 2.41%$366.44
93,850 at 2.42%$366.93
93,850 at 2.43%$367.41
93,850 at 2.44%$367.90
93,850 at 2.45%$368.39
93,850 at 2.46%$368.87
93,850 at 2.47%$369.36
93,850 at 2.48%$369.85
93,850 at 2.49%$370.33
93,850 at 2.5%$370.82
93,850 at 2.51%$371.31
93,850 at 2.52%$371.80
93,850 at 2.53%$372.29
93,850 at 2.54%$372.78
93,850 at 2.55%$373.27
93,850 at 2.56%$373.76
93,850 at 2.57%$374.25
93,850 at 2.58%$374.74
93,850 at 2.59%$375.23
93,850 at 2.6%$375.72
93,850 at 2.61%$376.21
93,850 at 2.62%$376.70
93,850 at 2.63%$377.20
93,850 at 2.64%$377.69
93,850 at 2.65%$378.18
93,850 at 2.66%$378.68
93,850 at 2.67%$379.17
93,850 at 2.68%$379.66
93,850 at 2.69%$380.16
93,850 at 2.7%$380.65
93,850 at 2.71%$381.15
93,850 at 2.72%$381.64
93,850 at 2.73%$382.14
93,850 at 2.74%$382.64
93,850 at 2.75%$383.13
93,850 at 2.76%$383.63
93,850 at 2.77%$384.13
93,850 at 2.78%$384.63
93,850 at 2.79%$385.13
93,850 at 2.8%$385.62
93,850 at 2.81%$386.12
93,850 at 2.82%$386.62
93,850 at 2.83%$387.12
93,850 at 2.84%$387.62
93,850 at 2.85%$388.12
93,850 at 2.86%$388.62
93,850 at 2.87%$389.13
93,850 at 2.88%$389.63
93,850 at 2.89%$390.13
93,850 at 2.9%$390.63
93,850 at 2.91%$391.13
93,850 at 2.92%$391.64
93,850 at 2.93%$392.14
93,850 at 2.94%$392.64
93,850 at 2.95%$393.15
93,850 at 2.96%$393.65
93,850 at 2.97%$394.16
93,850 at 2.98%$394.66
93,850 at 2.99%$395.17
93,850 at 3%$395.68
93,850 at 3.01%$396.18
93,850 at 3.02%$396.69
93,850 at 3.03%$397.20
93,850 at 3.04%$397.70
93,850 at 3.05%$398.21
93,850 at 3.06%$398.72
93,850 at 3.07%$399.23
93,850 at 3.08%$399.74
93,850 at 3.09%$400.25
93,850 at 3.1%$400.75
93,850 at 3.11%$401.26
93,850 at 3.12%$401.78
93,850 at 3.13%$402.29
93,850 at 3.14%$402.80
93,850 at 3.15%$403.31
93,850 at 3.16%$403.82
93,850 at 3.17%$404.33
93,850 at 3.18%$404.84
93,850 at 3.19%$405.36
93,850 at 3.2%$405.87
93,850 at 3.21%$406.38
93,850 at 3.22%$406.90
93,850 at 3.23%$407.41
93,850 at 3.24%$407.93
93,850 at 3.25%$408.44
93,850 at 3.26%$408.96
93,850 at 3.27%$409.47
93,850 at 3.28%$409.99
93,850 at 3.29%$410.50
93,850 at 3.3%$411.02
93,850 at 3.31%$411.54
93,850 at 3.32%$412.06
93,850 at 3.33%$412.57
93,850 at 3.34%$413.09
93,850 at 3.35%$413.61
93,850 at 3.36%$414.13
93,850 at 3.37%$414.65
93,850 at 3.38%$415.17
93,850 at 3.39%$415.69
93,850 at 3.4%$416.21
93,850 at 3.41%$416.73
93,850 at 3.42%$417.25
93,850 at 3.43%$417.77
93,850 at 3.44%$418.29
93,850 at 3.45%$418.81
93,850 at 3.46%$419.34
93,850 at 3.47%$419.86
93,850 at 3.48%$420.38
93,850 at 3.49%$420.90
93,850 at 3.5%$421.43
Interest Rate 30 Year
93,850 at 3.51%$421.95
93,850 at 3.52%$422.48
93,850 at 3.53%$423.00
93,850 at 3.54%$423.53
93,850 at 3.55%$424.05
93,850 at 3.56%$424.58
93,850 at 3.57%$425.10
93,850 at 3.58%$425.63
93,850 at 3.59%$426.16
93,850 at 3.6%$426.68
93,850 at 3.61%$427.21
93,850 at 3.62%$427.74
93,850 at 3.63%$428.27
93,850 at 3.64%$428.80
93,850 at 3.65%$429.33
93,850 at 3.66%$429.86
93,850 at 3.67%$430.38
93,850 at 3.68%$430.91
93,850 at 3.69%$431.44
93,850 at 3.7%$431.98
93,850 at 3.71%$432.51
93,850 at 3.72%$433.04
93,850 at 3.73%$433.57
93,850 at 3.74%$434.10
93,850 at 3.75%$434.63
93,850 at 3.76%$435.17
93,850 at 3.77%$435.70
93,850 at 3.78%$436.23
93,850 at 3.79%$436.77
93,850 at 3.8%$437.30
93,850 at 3.81%$437.84
93,850 at 3.82%$438.37
93,850 at 3.83%$438.91
93,850 at 3.84%$439.44
93,850 at 3.85%$439.98
93,850 at 3.86%$440.51
93,850 at 3.87%$441.05
93,850 at 3.88%$441.59
93,850 at 3.89%$442.12
93,850 at 3.9%$442.66
93,850 at 3.91%$443.20
93,850 at 3.92%$443.74
93,850 at 3.93%$444.28
93,850 at 3.94%$444.81
93,850 at 3.95%$445.35
93,850 at 3.96%$445.89
93,850 at 3.97%$446.43
93,850 at 3.98%$446.97
93,850 at 3.99%$447.51
93,850 at 4%$448.05
93,850 at 4.01%$448.60
93,850 at 4.02%$449.14
93,850 at 4.03%$449.68
93,850 at 4.04%$450.22
93,850 at 4.05%$450.76
93,850 at 4.06%$451.31
93,850 at 4.07%$451.85
93,850 at 4.08%$452.39
93,850 at 4.09%$452.94
93,850 at 4.1%$453.48
93,850 at 4.11%$454.03
93,850 at 4.12%$454.57
93,850 at 4.13%$455.12
93,850 at 4.14%$455.66
93,850 at 4.15%$456.21
93,850 at 4.16%$456.75
93,850 at 4.17%$457.30
93,850 at 4.18%$457.85
93,850 at 4.19%$458.40
93,850 at 4.2%$458.94
93,850 at 4.21%$459.49
93,850 at 4.22%$460.04
93,850 at 4.23%$460.59
93,850 at 4.24%$461.14
93,850 at 4.25%$461.69
93,850 at 4.26%$462.24
93,850 at 4.27%$462.79
93,850 at 4.28%$463.34
93,850 at 4.29%$463.89
93,850 at 4.3%$464.44
93,850 at 4.31%$464.99
93,850 at 4.32%$465.54
93,850 at 4.33%$466.09
93,850 at 4.34%$466.64
93,850 at 4.35%$467.20
93,850 at 4.36%$467.75
93,850 at 4.37%$468.30
93,850 at 4.38%$468.86
93,850 at 4.39%$469.41
93,850 at 4.4%$469.96
93,850 at 4.41%$470.52
93,850 at 4.42%$471.07
93,850 at 4.43%$471.63
93,850 at 4.44%$472.18
93,850 at 4.45%$472.74
93,850 at 4.46%$473.30
93,850 at 4.47%$473.85
93,850 at 4.48%$474.41
93,850 at 4.49%$474.97
93,850 at 4.5%$475.52
93,850 at 4.51%$476.08
93,850 at 4.52%$476.64
93,850 at 4.53%$477.20
93,850 at 4.54%$477.76
93,850 at 4.55%$478.32
93,850 at 4.56%$478.88
93,850 at 4.57%$479.44
93,850 at 4.58%$480.00
93,850 at 4.59%$480.56
93,850 at 4.6%$481.12
93,850 at 4.61%$481.68
93,850 at 4.62%$482.24
93,850 at 4.63%$482.80
93,850 at 4.64%$483.36
93,850 at 4.65%$483.93
93,850 at 4.66%$484.49
93,850 at 4.67%$485.05
93,850 at 4.68%$485.61
93,850 at 4.69%$486.18
93,850 at 4.7%$486.74
93,850 at 4.71%$487.31
93,850 at 4.72%$487.87
93,850 at 4.73%$488.44
93,850 at 4.74%$489.00
93,850 at 4.75%$489.57
93,850 at 4.76%$490.13
93,850 at 4.77%$490.70
93,850 at 4.78%$491.26
93,850 at 4.79%$491.83
93,850 at 4.8%$492.40
93,850 at 4.81%$492.97
93,850 at 4.82%$493.53
93,850 at 4.83%$494.10
93,850 at 4.84%$494.67
93,850 at 4.85%$495.24
93,850 at 4.86%$495.81
93,850 at 4.87%$496.38
93,850 at 4.88%$496.95
93,850 at 4.89%$497.52
93,850 at 4.9%$498.09
93,850 at 4.91%$498.66
93,850 at 4.92%$499.23
93,850 at 4.93%$499.80
93,850 at 4.94%$500.37
93,850 at 4.95%$500.94
93,850 at 4.96%$501.52
93,850 at 4.97%$502.09
93,850 at 4.98%$502.66
93,850 at 4.99%$503.23
93,850 at 5%$503.81
Interest Rate 30 Year
93,850 at 5.01%$504.38
93,850 at 5.02%$504.95
93,850 at 5.03%$505.53
93,850 at 5.04%$506.10
93,850 at 5.05%$506.68
93,850 at 5.06%$507.25
93,850 at 5.07%$507.83
93,850 at 5.08%$508.41
93,850 at 5.09%$508.98
93,850 at 5.1%$509.56
93,850 at 5.11%$510.14
93,850 at 5.12%$510.71
93,850 at 5.13%$511.29
93,850 at 5.14%$511.87
93,850 at 5.15%$512.45
93,850 at 5.16%$513.02
93,850 at 5.17%$513.60
93,850 at 5.18%$514.18
93,850 at 5.19%$514.76
93,850 at 5.2%$515.34
93,850 at 5.21%$515.92
93,850 at 5.22%$516.50
93,850 at 5.23%$517.08
93,850 at 5.24%$517.66
93,850 at 5.25%$518.24
93,850 at 5.26%$518.82
93,850 at 5.27%$519.41
93,850 at 5.28%$519.99
93,850 at 5.29%$520.57
93,850 at 5.3%$521.15
93,850 at 5.31%$521.74
93,850 at 5.32%$522.32
93,850 at 5.33%$522.90
93,850 at 5.34%$523.49
93,850 at 5.35%$524.07
93,850 at 5.36%$524.66
93,850 at 5.37%$525.24
93,850 at 5.38%$525.83
93,850 at 5.39%$526.41
93,850 at 5.4%$527.00
93,850 at 5.41%$527.58
93,850 at 5.42%$528.17
93,850 at 5.43%$528.76
93,850 at 5.44%$529.34
93,850 at 5.45%$529.93
93,850 at 5.46%$530.52
93,850 at 5.47%$531.10
93,850 at 5.48%$531.69
93,850 at 5.49%$532.28
93,850 at 5.5%$532.87
93,850 at 5.51%$533.46
93,850 at 5.52%$534.05
93,850 at 5.53%$534.64
93,850 at 5.54%$535.23
93,850 at 5.55%$535.82
93,850 at 5.56%$536.41
93,850 at 5.57%$537.00
93,850 at 5.58%$537.59
93,850 at 5.59%$538.18
93,850 at 5.6%$538.77
93,850 at 5.61%$539.37
93,850 at 5.62%$539.96
93,850 at 5.63%$540.55
93,850 at 5.64%$541.14
93,850 at 5.65%$541.74
93,850 at 5.66%$542.33
93,850 at 5.67%$542.92
93,850 at 5.68%$543.52
93,850 at 5.69%$544.11
93,850 at 5.7%$544.71
93,850 at 5.71%$545.30
93,850 at 5.72%$545.90
93,850 at 5.73%$546.49
93,850 at 5.74%$547.09
93,850 at 5.75%$547.68
93,850 at 5.76%$548.28
93,850 at 5.77%$548.88
93,850 at 5.78%$549.47
93,850 at 5.79%$550.07
93,850 at 5.8%$550.67
93,850 at 5.81%$551.27
93,850 at 5.82%$551.86
93,850 at 5.83%$552.46
93,850 at 5.84%$553.06
93,850 at 5.85%$553.66
93,850 at 5.86%$554.26
93,850 at 5.87%$554.86
93,850 at 5.88%$555.46
93,850 at 5.89%$556.06
93,850 at 5.9%$556.66
93,850 at 5.91%$557.26
93,850 at 5.92%$557.86
93,850 at 5.93%$558.46
93,850 at 5.94%$559.06
93,850 at 5.95%$559.66
93,850 at 5.96%$560.27
93,850 at 5.97%$560.87
93,850 at 5.98%$561.47
93,850 at 5.99%$562.07
93,850 at 6%$562.68
93,850 at 6.01%$563.28
93,850 at 6.02%$563.89
93,850 at 6.03%$564.49
93,850 at 6.04%$565.09
93,850 at 6.05%$565.70
93,850 at 6.06%$566.30
93,850 at 6.07%$566.91
93,850 at 6.08%$567.51
93,850 at 6.09%$568.12
93,850 at 6.1%$568.73
93,850 at 6.11%$569.33
93,850 at 6.12%$569.94
93,850 at 6.13%$570.55
93,850 at 6.14%$571.15
93,850 at 6.15%$571.76
93,850 at 6.16%$572.37
93,850 at 6.17%$572.98
93,850 at 6.18%$573.58
93,850 at 6.19%$574.19
93,850 at 6.2%$574.80
93,850 at 6.21%$575.41
93,850 at 6.22%$576.02
93,850 at 6.23%$576.63
93,850 at 6.24%$577.24
93,850 at 6.25%$577.85
93,850 at 6.26%$578.46
93,850 at 6.27%$579.07
93,850 at 6.28%$579.68
93,850 at 6.29%$580.29
93,850 at 6.3%$580.91
93,850 at 6.31%$581.52
93,850 at 6.32%$582.13
93,850 at 6.33%$582.74
93,850 at 6.34%$583.36
93,850 at 6.35%$583.97
93,850 at 6.36%$584.58
93,850 at 6.37%$585.20
93,850 at 6.38%$585.81
93,850 at 6.39%$586.42
93,850 at 6.4%$587.04
93,850 at 6.41%$587.65
93,850 at 6.42%$588.27
93,850 at 6.43%$588.88
93,850 at 6.44%$589.50
93,850 at 6.45%$590.11
93,850 at 6.46%$590.73
93,850 at 6.47%$591.35
93,850 at 6.48%$591.96
93,850 at 6.49%$592.58
93,850 at 6.5%$593.20
Interest Rate 30 Year
93,850 at 6.51%$593.81
93,850 at 6.52%$594.43
93,850 at 6.53%$595.05
93,850 at 6.54%$595.67
93,850 at 6.55%$596.29
93,850 at 6.56%$596.90
93,850 at 6.57%$597.52
93,850 at 6.58%$598.14
93,850 at 6.59%$598.76
93,850 at 6.6%$599.38
93,850 at 6.61%$600.00
93,850 at 6.62%$600.62
93,850 at 6.63%$601.24
93,850 at 6.64%$601.86
93,850 at 6.65%$602.48
93,850 at 6.66%$603.11
93,850 at 6.67%$603.73
93,850 at 6.68%$604.35
93,850 at 6.69%$604.97
93,850 at 6.7%$605.59
93,850 at 6.71%$606.22
93,850 at 6.72%$606.84
93,850 at 6.73%$607.46
93,850 at 6.74%$608.09
93,850 at 6.75%$608.71
93,850 at 6.76%$609.33
93,850 at 6.77%$609.96
93,850 at 6.78%$610.58
93,850 at 6.79%$611.21
93,850 at 6.8%$611.83
93,850 at 6.81%$612.46
93,850 at 6.82%$613.08
93,850 at 6.83%$613.71
93,850 at 6.84%$614.33
93,850 at 6.85%$614.96
93,850 at 6.86%$615.59
93,850 at 6.87%$616.21
93,850 at 6.88%$616.84
93,850 at 6.89%$617.47
93,850 at 6.9%$618.10
93,850 at 6.91%$618.72
93,850 at 6.92%$619.35
93,850 at 6.93%$619.98
93,850 at 6.94%$620.61
93,850 at 6.95%$621.24
93,850 at 6.96%$621.87
93,850 at 6.97%$622.50
93,850 at 6.98%$623.13
93,850 at 6.99%$623.76
93,850 at 7%$624.39
93,850 at 7.01%$625.02
93,850 at 7.02%$625.65
93,850 at 7.03%$626.28
93,850 at 7.04%$626.91
93,850 at 7.05%$627.54
93,850 at 7.06%$628.17
93,850 at 7.07%$628.80
93,850 at 7.08%$629.44
93,850 at 7.09%$630.07
93,850 at 7.1%$630.70
93,850 at 7.11%$631.33
93,850 at 7.12%$631.97
93,850 at 7.13%$632.60
93,850 at 7.14%$633.24
93,850 at 7.15%$633.87
93,850 at 7.16%$634.50
93,850 at 7.17%$635.14
93,850 at 7.18%$635.77
93,850 at 7.19%$636.41
93,850 at 7.2%$637.04
93,850 at 7.21%$637.68
93,850 at 7.22%$638.31
93,850 at 7.23%$638.95
93,850 at 7.24%$639.59
93,850 at 7.25%$640.22
93,850 at 7.26%$640.86
93,850 at 7.27%$641.50
93,850 at 7.28%$642.13
93,850 at 7.29%$642.77
93,850 at 7.3%$643.41
93,850 at 7.31%$644.05
93,850 at 7.32%$644.68
93,850 at 7.33%$645.32
93,850 at 7.34%$645.96
93,850 at 7.35%$646.60
93,850 at 7.36%$647.24
93,850 at 7.37%$647.88
93,850 at 7.38%$648.52
93,850 at 7.39%$649.16
93,850 at 7.4%$649.80
93,850 at 7.41%$650.44
93,850 at 7.42%$651.08
93,850 at 7.43%$651.72
93,850 at 7.44%$652.36
93,850 at 7.45%$653.00
93,850 at 7.46%$653.64
93,850 at 7.47%$654.29
93,850 at 7.48%$654.93
93,850 at 7.49%$655.57
93,850 at 7.5%$656.21
93,850 at 7.51%$656.86
93,850 at 7.52%$657.50
93,850 at 7.53%$658.14
93,850 at 7.54%$658.79
93,850 at 7.55%$659.43
93,850 at 7.56%$660.07
93,850 at 7.57%$660.72
93,850 at 7.58%$661.36
93,850 at 7.59%$662.01
93,850 at 7.6%$662.65
93,850 at 7.61%$663.30
93,850 at 7.62%$663.94
93,850 at 7.63%$664.59
93,850 at 7.64%$665.23
93,850 at 7.65%$665.88
93,850 at 7.66%$666.53
93,850 at 7.67%$667.17
93,850 at 7.68%$667.82
93,850 at 7.69%$668.47
93,850 at 7.7%$669.11
93,850 at 7.71%$669.76
93,850 at 7.72%$670.41
93,850 at 7.73%$671.06
93,850 at 7.74%$671.70
93,850 at 7.75%$672.35
93,850 at 7.76%$673.00
93,850 at 7.77%$673.65
93,850 at 7.78%$674.30
93,850 at 7.79%$674.95
93,850 at 7.8%$675.60
93,850 at 7.81%$676.25
93,850 at 7.82%$676.90
93,850 at 7.83%$677.55
93,850 at 7.84%$678.20
93,850 at 7.85%$678.85
93,850 at 7.86%$679.50
93,850 at 7.87%$680.15
93,850 at 7.88%$680.80
93,850 at 7.89%$681.46
93,850 at 7.9%$682.11
93,850 at 7.91%$682.76
93,850 at 7.92%$683.41
93,850 at 7.93%$684.06
93,850 at 7.94%$684.72
93,850 at 7.95%$685.37
93,850 at 7.96%$686.02
93,850 at 7.97%$686.68
93,850 at 7.98%$687.33
93,850 at 7.99%$687.98
93,850 at 8%$688.64
More Amounts
What is the down payment for a $93,850 house? How much do you need to put down?
Percent Down Down Payment
1%939
2%1,877
3%2,816
4%3,754
5%4,693
6%5,631
7%6,570
8%7,508
9%8,447
10%9,385
11%10,324
12%11,262
13%12,201
14%13,139
15%14,078
16%15,016
17%15,955
18%16,893
19%17,832
20%18,770
Percent Down Down Payment
21%19,709
22%20,647
23%21,586
24%22,524
25%23,463
26%24,401
27%25,340
28%26,278
29%27,217
30%28,155
31%29,094
32%30,032
33%30,971
34%31,909
35%32,848
36%33,786
37%34,725
38%35,663
39%36,602
40%37,540
Percent Down Down Payment
41%38,479
42%39,417
43%40,356
44%41,294
45%42,233
46%43,171
47%44,110
48%45,048
49%45,987
50%46,925
51%47,864
52%48,802
53%49,741
54%50,679
55%51,618
56%52,556
57%53,495
58%54,433
59%55,372
60%56,310
Percent Down Down Payment
61%57,249
62%58,187
63%59,126
64%60,064
65%61,003
66%61,941
67%62,880
68%63,818
69%64,757
70%65,695
71%66,634
72%67,572
73%68,511
74%69,449
75%70,388
76%71,326
77%72,265
78%73,203
79%74,142
80%75,080
Percent Down Down Payment
81%76,019
82%76,957
83%77,896
84%78,834
85%79,773
86%80,711
87%81,650
88%82,588
89%83,527
90%84,465
91%85,404
92%86,342
93%87,281
94%88,219
95%89,158
96%90,096
97%91,035
98%91,973
99%92,912
100%93,850
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.