$94,250 Mortgage for 30 Years

What is the monthly payment of a 94,250 dollar loan?
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Loan Tables for a $94,250 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 $94,250 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
94,250 at 2.01%$348.84
94,250 at 2.02%$349.31
94,250 at 2.03%$349.78
94,250 at 2.04%$350.25
94,250 at 2.05%$350.73
94,250 at 2.06%$351.20
94,250 at 2.07%$351.67
94,250 at 2.08%$352.15
94,250 at 2.09%$352.62
94,250 at 2.1%$353.10
94,250 at 2.11%$353.57
94,250 at 2.12%$354.05
94,250 at 2.13%$354.53
94,250 at 2.14%$355.00
94,250 at 2.15%$355.48
94,250 at 2.16%$355.96
94,250 at 2.17%$356.43
94,250 at 2.18%$356.91
94,250 at 2.19%$357.39
94,250 at 2.2%$357.87
94,250 at 2.21%$358.35
94,250 at 2.22%$358.83
94,250 at 2.23%$359.31
94,250 at 2.24%$359.79
94,250 at 2.25%$360.27
94,250 at 2.26%$360.75
94,250 at 2.27%$361.23
94,250 at 2.28%$361.71
94,250 at 2.29%$362.19
94,250 at 2.3%$362.68
94,250 at 2.31%$363.16
94,250 at 2.32%$363.64
94,250 at 2.33%$364.12
94,250 at 2.34%$364.61
94,250 at 2.35%$365.09
94,250 at 2.36%$365.58
94,250 at 2.37%$366.06
94,250 at 2.38%$366.55
94,250 at 2.39%$367.03
94,250 at 2.4%$367.52
94,250 at 2.41%$368.01
94,250 at 2.42%$368.49
94,250 at 2.43%$368.98
94,250 at 2.44%$369.47
94,250 at 2.45%$369.96
94,250 at 2.46%$370.44
94,250 at 2.47%$370.93
94,250 at 2.48%$371.42
94,250 at 2.49%$371.91
94,250 at 2.5%$372.40
94,250 at 2.51%$372.89
94,250 at 2.52%$373.38
94,250 at 2.53%$373.87
94,250 at 2.54%$374.36
94,250 at 2.55%$374.86
94,250 at 2.56%$375.35
94,250 at 2.57%$375.84
94,250 at 2.58%$376.33
94,250 at 2.59%$376.83
94,250 at 2.6%$377.32
94,250 at 2.61%$377.81
94,250 at 2.62%$378.31
94,250 at 2.63%$378.80
94,250 at 2.64%$379.30
94,250 at 2.65%$379.79
94,250 at 2.66%$380.29
94,250 at 2.67%$380.79
94,250 at 2.68%$381.28
94,250 at 2.69%$381.78
94,250 at 2.7%$382.28
94,250 at 2.71%$382.77
94,250 at 2.72%$383.27
94,250 at 2.73%$383.77
94,250 at 2.74%$384.27
94,250 at 2.75%$384.77
94,250 at 2.76%$385.27
94,250 at 2.77%$385.77
94,250 at 2.78%$386.27
94,250 at 2.79%$386.77
94,250 at 2.8%$387.27
94,250 at 2.81%$387.77
94,250 at 2.82%$388.27
94,250 at 2.83%$388.77
94,250 at 2.84%$389.28
94,250 at 2.85%$389.78
94,250 at 2.86%$390.28
94,250 at 2.87%$390.78
94,250 at 2.88%$391.29
94,250 at 2.89%$391.79
94,250 at 2.9%$392.30
94,250 at 2.91%$392.80
94,250 at 2.92%$393.31
94,250 at 2.93%$393.81
94,250 at 2.94%$394.32
94,250 at 2.95%$394.82
94,250 at 2.96%$395.33
94,250 at 2.97%$395.84
94,250 at 2.98%$396.35
94,250 at 2.99%$396.85
94,250 at 3%$397.36
94,250 at 3.01%$397.87
94,250 at 3.02%$398.38
94,250 at 3.03%$398.89
94,250 at 3.04%$399.40
94,250 at 3.05%$399.91
94,250 at 3.06%$400.42
94,250 at 3.07%$400.93
94,250 at 3.08%$401.44
94,250 at 3.09%$401.95
94,250 at 3.1%$402.46
94,250 at 3.11%$402.98
94,250 at 3.12%$403.49
94,250 at 3.13%$404.00
94,250 at 3.14%$404.51
94,250 at 3.15%$405.03
94,250 at 3.16%$405.54
94,250 at 3.17%$406.06
94,250 at 3.18%$406.57
94,250 at 3.19%$407.08
94,250 at 3.2%$407.60
94,250 at 3.21%$408.12
94,250 at 3.22%$408.63
94,250 at 3.23%$409.15
94,250 at 3.24%$409.66
94,250 at 3.25%$410.18
94,250 at 3.26%$410.70
94,250 at 3.27%$411.22
94,250 at 3.28%$411.74
94,250 at 3.29%$412.25
94,250 at 3.3%$412.77
94,250 at 3.31%$413.29
94,250 at 3.32%$413.81
94,250 at 3.33%$414.33
94,250 at 3.34%$414.85
94,250 at 3.35%$415.37
94,250 at 3.36%$415.89
94,250 at 3.37%$416.41
94,250 at 3.38%$416.94
94,250 at 3.39%$417.46
94,250 at 3.4%$417.98
94,250 at 3.41%$418.50
94,250 at 3.42%$419.03
94,250 at 3.43%$419.55
94,250 at 3.44%$420.07
94,250 at 3.45%$420.60
94,250 at 3.46%$421.12
94,250 at 3.47%$421.65
94,250 at 3.48%$422.17
94,250 at 3.49%$422.70
94,250 at 3.5%$423.22
Interest Rate 30 Year
94,250 at 3.51%$423.75
94,250 at 3.52%$424.28
94,250 at 3.53%$424.80
94,250 at 3.54%$425.33
94,250 at 3.55%$425.86
94,250 at 3.56%$426.39
94,250 at 3.57%$426.92
94,250 at 3.58%$427.44
94,250 at 3.59%$427.97
94,250 at 3.6%$428.50
94,250 at 3.61%$429.03
94,250 at 3.62%$429.56
94,250 at 3.63%$430.09
94,250 at 3.64%$430.62
94,250 at 3.65%$431.16
94,250 at 3.66%$431.69
94,250 at 3.67%$432.22
94,250 at 3.68%$432.75
94,250 at 3.69%$433.28
94,250 at 3.7%$433.82
94,250 at 3.71%$434.35
94,250 at 3.72%$434.88
94,250 at 3.73%$435.42
94,250 at 3.74%$435.95
94,250 at 3.75%$436.49
94,250 at 3.76%$437.02
94,250 at 3.77%$437.56
94,250 at 3.78%$438.09
94,250 at 3.79%$438.63
94,250 at 3.8%$439.16
94,250 at 3.81%$439.70
94,250 at 3.82%$440.24
94,250 at 3.83%$440.78
94,250 at 3.84%$441.31
94,250 at 3.85%$441.85
94,250 at 3.86%$442.39
94,250 at 3.87%$442.93
94,250 at 3.88%$443.47
94,250 at 3.89%$444.01
94,250 at 3.9%$444.55
94,250 at 3.91%$445.09
94,250 at 3.92%$445.63
94,250 at 3.93%$446.17
94,250 at 3.94%$446.71
94,250 at 3.95%$447.25
94,250 at 3.96%$447.79
94,250 at 3.97%$448.34
94,250 at 3.98%$448.88
94,250 at 3.99%$449.42
94,250 at 4%$449.96
94,250 at 4.01%$450.51
94,250 at 4.02%$451.05
94,250 at 4.03%$451.60
94,250 at 4.04%$452.14
94,250 at 4.05%$452.68
94,250 at 4.06%$453.23
94,250 at 4.07%$453.78
94,250 at 4.08%$454.32
94,250 at 4.09%$454.87
94,250 at 4.1%$455.41
94,250 at 4.11%$455.96
94,250 at 4.12%$456.51
94,250 at 4.13%$457.06
94,250 at 4.14%$457.60
94,250 at 4.15%$458.15
94,250 at 4.16%$458.70
94,250 at 4.17%$459.25
94,250 at 4.18%$459.80
94,250 at 4.19%$460.35
94,250 at 4.2%$460.90
94,250 at 4.21%$461.45
94,250 at 4.22%$462.00
94,250 at 4.23%$462.55
94,250 at 4.24%$463.10
94,250 at 4.25%$463.65
94,250 at 4.26%$464.21
94,250 at 4.27%$464.76
94,250 at 4.28%$465.31
94,250 at 4.29%$465.86
94,250 at 4.3%$466.42
94,250 at 4.31%$466.97
94,250 at 4.32%$467.52
94,250 at 4.33%$468.08
94,250 at 4.34%$468.63
94,250 at 4.35%$469.19
94,250 at 4.36%$469.74
94,250 at 4.37%$470.30
94,250 at 4.38%$470.85
94,250 at 4.39%$471.41
94,250 at 4.4%$471.97
94,250 at 4.41%$472.52
94,250 at 4.42%$473.08
94,250 at 4.43%$473.64
94,250 at 4.44%$474.20
94,250 at 4.45%$474.75
94,250 at 4.46%$475.31
94,250 at 4.47%$475.87
94,250 at 4.48%$476.43
94,250 at 4.49%$476.99
94,250 at 4.5%$477.55
94,250 at 4.51%$478.11
94,250 at 4.52%$478.67
94,250 at 4.53%$479.23
94,250 at 4.54%$479.79
94,250 at 4.55%$480.36
94,250 at 4.56%$480.92
94,250 at 4.57%$481.48
94,250 at 4.58%$482.04
94,250 at 4.59%$482.60
94,250 at 4.6%$483.17
94,250 at 4.61%$483.73
94,250 at 4.62%$484.29
94,250 at 4.63%$484.86
94,250 at 4.64%$485.42
94,250 at 4.65%$485.99
94,250 at 4.66%$486.55
94,250 at 4.67%$487.12
94,250 at 4.68%$487.68
94,250 at 4.69%$488.25
94,250 at 4.7%$488.82
94,250 at 4.71%$489.38
94,250 at 4.72%$489.95
94,250 at 4.73%$490.52
94,250 at 4.74%$491.08
94,250 at 4.75%$491.65
94,250 at 4.76%$492.22
94,250 at 4.77%$492.79
94,250 at 4.78%$493.36
94,250 at 4.79%$493.93
94,250 at 4.8%$494.50
94,250 at 4.81%$495.07
94,250 at 4.82%$495.64
94,250 at 4.83%$496.21
94,250 at 4.84%$496.78
94,250 at 4.85%$497.35
94,250 at 4.86%$497.92
94,250 at 4.87%$498.49
94,250 at 4.88%$499.06
94,250 at 4.89%$499.64
94,250 at 4.9%$500.21
94,250 at 4.91%$500.78
94,250 at 4.92%$501.36
94,250 at 4.93%$501.93
94,250 at 4.94%$502.50
94,250 at 4.95%$503.08
94,250 at 4.96%$503.65
94,250 at 4.97%$504.23
94,250 at 4.98%$504.80
94,250 at 4.99%$505.38
94,250 at 5%$505.95
Interest Rate 30 Year
94,250 at 5.01%$506.53
94,250 at 5.02%$507.11
94,250 at 5.03%$507.68
94,250 at 5.04%$508.26
94,250 at 5.05%$508.84
94,250 at 5.06%$509.42
94,250 at 5.07%$509.99
94,250 at 5.08%$510.57
94,250 at 5.09%$511.15
94,250 at 5.1%$511.73
94,250 at 5.11%$512.31
94,250 at 5.12%$512.89
94,250 at 5.13%$513.47
94,250 at 5.14%$514.05
94,250 at 5.15%$514.63
94,250 at 5.16%$515.21
94,250 at 5.17%$515.79
94,250 at 5.18%$516.37
94,250 at 5.19%$516.95
94,250 at 5.2%$517.54
94,250 at 5.21%$518.12
94,250 at 5.22%$518.70
94,250 at 5.23%$519.29
94,250 at 5.24%$519.87
94,250 at 5.25%$520.45
94,250 at 5.26%$521.04
94,250 at 5.27%$521.62
94,250 at 5.28%$522.20
94,250 at 5.29%$522.79
94,250 at 5.3%$523.37
94,250 at 5.31%$523.96
94,250 at 5.32%$524.55
94,250 at 5.33%$525.13
94,250 at 5.34%$525.72
94,250 at 5.35%$526.30
94,250 at 5.36%$526.89
94,250 at 5.37%$527.48
94,250 at 5.38%$528.07
94,250 at 5.39%$528.65
94,250 at 5.4%$529.24
94,250 at 5.41%$529.83
94,250 at 5.42%$530.42
94,250 at 5.43%$531.01
94,250 at 5.44%$531.60
94,250 at 5.45%$532.19
94,250 at 5.46%$532.78
94,250 at 5.47%$533.37
94,250 at 5.48%$533.96
94,250 at 5.49%$534.55
94,250 at 5.5%$535.14
94,250 at 5.51%$535.73
94,250 at 5.52%$536.32
94,250 at 5.53%$536.92
94,250 at 5.54%$537.51
94,250 at 5.55%$538.10
94,250 at 5.56%$538.69
94,250 at 5.57%$539.29
94,250 at 5.58%$539.88
94,250 at 5.59%$540.48
94,250 at 5.6%$541.07
94,250 at 5.61%$541.66
94,250 at 5.62%$542.26
94,250 at 5.63%$542.85
94,250 at 5.64%$543.45
94,250 at 5.65%$544.04
94,250 at 5.66%$544.64
94,250 at 5.67%$545.24
94,250 at 5.68%$545.83
94,250 at 5.69%$546.43
94,250 at 5.7%$547.03
94,250 at 5.71%$547.62
94,250 at 5.72%$548.22
94,250 at 5.73%$548.82
94,250 at 5.74%$549.42
94,250 at 5.75%$550.02
94,250 at 5.76%$550.62
94,250 at 5.77%$551.22
94,250 at 5.78%$551.81
94,250 at 5.79%$552.41
94,250 at 5.8%$553.01
94,250 at 5.81%$553.62
94,250 at 5.82%$554.22
94,250 at 5.83%$554.82
94,250 at 5.84%$555.42
94,250 at 5.85%$556.02
94,250 at 5.86%$556.62
94,250 at 5.87%$557.22
94,250 at 5.88%$557.83
94,250 at 5.89%$558.43
94,250 at 5.9%$559.03
94,250 at 5.91%$559.63
94,250 at 5.92%$560.24
94,250 at 5.93%$560.84
94,250 at 5.94%$561.45
94,250 at 5.95%$562.05
94,250 at 5.96%$562.65
94,250 at 5.97%$563.26
94,250 at 5.98%$563.87
94,250 at 5.99%$564.47
94,250 at 6%$565.08
94,250 at 6.01%$565.68
94,250 at 6.02%$566.29
94,250 at 6.03%$566.90
94,250 at 6.04%$567.50
94,250 at 6.05%$568.11
94,250 at 6.06%$568.72
94,250 at 6.07%$569.32
94,250 at 6.08%$569.93
94,250 at 6.09%$570.54
94,250 at 6.1%$571.15
94,250 at 6.11%$571.76
94,250 at 6.12%$572.37
94,250 at 6.13%$572.98
94,250 at 6.14%$573.59
94,250 at 6.15%$574.20
94,250 at 6.16%$574.81
94,250 at 6.17%$575.42
94,250 at 6.18%$576.03
94,250 at 6.19%$576.64
94,250 at 6.2%$577.25
94,250 at 6.21%$577.86
94,250 at 6.22%$578.48
94,250 at 6.23%$579.09
94,250 at 6.24%$579.70
94,250 at 6.25%$580.31
94,250 at 6.26%$580.93
94,250 at 6.27%$581.54
94,250 at 6.28%$582.15
94,250 at 6.29%$582.77
94,250 at 6.3%$583.38
94,250 at 6.31%$584.00
94,250 at 6.32%$584.61
94,250 at 6.33%$585.23
94,250 at 6.34%$585.84
94,250 at 6.35%$586.46
94,250 at 6.36%$587.07
94,250 at 6.37%$587.69
94,250 at 6.38%$588.31
94,250 at 6.39%$588.92
94,250 at 6.4%$589.54
94,250 at 6.41%$590.16
94,250 at 6.42%$590.77
94,250 at 6.43%$591.39
94,250 at 6.44%$592.01
94,250 at 6.45%$592.63
94,250 at 6.46%$593.25
94,250 at 6.47%$593.87
94,250 at 6.48%$594.48
94,250 at 6.49%$595.10
94,250 at 6.5%$595.72
Interest Rate 30 Year
94,250 at 6.51%$596.34
94,250 at 6.52%$596.96
94,250 at 6.53%$597.58
94,250 at 6.54%$598.21
94,250 at 6.55%$598.83
94,250 at 6.56%$599.45
94,250 at 6.57%$600.07
94,250 at 6.58%$600.69
94,250 at 6.59%$601.31
94,250 at 6.6%$601.94
94,250 at 6.61%$602.56
94,250 at 6.62%$603.18
94,250 at 6.63%$603.80
94,250 at 6.64%$604.43
94,250 at 6.65%$605.05
94,250 at 6.66%$605.68
94,250 at 6.67%$606.30
94,250 at 6.68%$606.92
94,250 at 6.69%$607.55
94,250 at 6.7%$608.17
94,250 at 6.71%$608.80
94,250 at 6.72%$609.43
94,250 at 6.73%$610.05
94,250 at 6.74%$610.68
94,250 at 6.75%$611.30
94,250 at 6.76%$611.93
94,250 at 6.77%$612.56
94,250 at 6.78%$613.18
94,250 at 6.79%$613.81
94,250 at 6.8%$614.44
94,250 at 6.81%$615.07
94,250 at 6.82%$615.70
94,250 at 6.83%$616.32
94,250 at 6.84%$616.95
94,250 at 6.85%$617.58
94,250 at 6.86%$618.21
94,250 at 6.87%$618.84
94,250 at 6.88%$619.47
94,250 at 6.89%$620.10
94,250 at 6.9%$620.73
94,250 at 6.91%$621.36
94,250 at 6.92%$621.99
94,250 at 6.93%$622.62
94,250 at 6.94%$623.25
94,250 at 6.95%$623.89
94,250 at 6.96%$624.52
94,250 at 6.97%$625.15
94,250 at 6.98%$625.78
94,250 at 6.99%$626.41
94,250 at 7%$627.05
94,250 at 7.01%$627.68
94,250 at 7.02%$628.31
94,250 at 7.03%$628.95
94,250 at 7.04%$629.58
94,250 at 7.05%$630.22
94,250 at 7.06%$630.85
94,250 at 7.07%$631.48
94,250 at 7.08%$632.12
94,250 at 7.09%$632.75
94,250 at 7.1%$633.39
94,250 at 7.11%$634.03
94,250 at 7.12%$634.66
94,250 at 7.13%$635.30
94,250 at 7.14%$635.93
94,250 at 7.15%$636.57
94,250 at 7.16%$637.21
94,250 at 7.17%$637.84
94,250 at 7.18%$638.48
94,250 at 7.19%$639.12
94,250 at 7.2%$639.76
94,250 at 7.21%$640.40
94,250 at 7.22%$641.03
94,250 at 7.23%$641.67
94,250 at 7.24%$642.31
94,250 at 7.25%$642.95
94,250 at 7.26%$643.59
94,250 at 7.27%$644.23
94,250 at 7.28%$644.87
94,250 at 7.29%$645.51
94,250 at 7.3%$646.15
94,250 at 7.31%$646.79
94,250 at 7.32%$647.43
94,250 at 7.33%$648.07
94,250 at 7.34%$648.71
94,250 at 7.35%$649.36
94,250 at 7.36%$650.00
94,250 at 7.37%$650.64
94,250 at 7.38%$651.28
94,250 at 7.39%$651.93
94,250 at 7.4%$652.57
94,250 at 7.41%$653.21
94,250 at 7.42%$653.85
94,250 at 7.43%$654.50
94,250 at 7.44%$655.14
94,250 at 7.45%$655.79
94,250 at 7.46%$656.43
94,250 at 7.47%$657.07
94,250 at 7.48%$657.72
94,250 at 7.49%$658.36
94,250 at 7.5%$659.01
94,250 at 7.51%$659.66
94,250 at 7.52%$660.30
94,250 at 7.53%$660.95
94,250 at 7.54%$661.59
94,250 at 7.55%$662.24
94,250 at 7.56%$662.89
94,250 at 7.57%$663.53
94,250 at 7.58%$664.18
94,250 at 7.59%$664.83
94,250 at 7.6%$665.48
94,250 at 7.61%$666.12
94,250 at 7.62%$666.77
94,250 at 7.63%$667.42
94,250 at 7.64%$668.07
94,250 at 7.65%$668.72
94,250 at 7.66%$669.37
94,250 at 7.67%$670.02
94,250 at 7.68%$670.67
94,250 at 7.69%$671.31
94,250 at 7.7%$671.96
94,250 at 7.71%$672.62
94,250 at 7.72%$673.27
94,250 at 7.73%$673.92
94,250 at 7.74%$674.57
94,250 at 7.75%$675.22
94,250 at 7.76%$675.87
94,250 at 7.77%$676.52
94,250 at 7.78%$677.17
94,250 at 7.79%$677.83
94,250 at 7.8%$678.48
94,250 at 7.81%$679.13
94,250 at 7.82%$679.78
94,250 at 7.83%$680.44
94,250 at 7.84%$681.09
94,250 at 7.85%$681.74
94,250 at 7.86%$682.40
94,250 at 7.87%$683.05
94,250 at 7.88%$683.71
94,250 at 7.89%$684.36
94,250 at 7.9%$685.01
94,250 at 7.91%$685.67
94,250 at 7.92%$686.32
94,250 at 7.93%$686.98
94,250 at 7.94%$687.63
94,250 at 7.95%$688.29
94,250 at 7.96%$688.95
94,250 at 7.97%$689.60
94,250 at 7.98%$690.26
94,250 at 7.99%$690.92
94,250 at 8%$691.57
More Amounts
What is the down payment for a $94,250 house? How much do you need to put down?
Percent Down Down Payment
1%943
2%1,885
3%2,828
4%3,770
5%4,713
6%5,655
7%6,598
8%7,540
9%8,483
10%9,425
11%10,368
12%11,310
13%12,253
14%13,195
15%14,138
16%15,080
17%16,023
18%16,965
19%17,908
20%18,850
Percent Down Down Payment
21%19,793
22%20,735
23%21,678
24%22,620
25%23,563
26%24,505
27%25,448
28%26,390
29%27,333
30%28,275
31%29,218
32%30,160
33%31,103
34%32,045
35%32,988
36%33,930
37%34,873
38%35,815
39%36,758
40%37,700
Percent Down Down Payment
41%38,643
42%39,585
43%40,528
44%41,470
45%42,413
46%43,355
47%44,298
48%45,240
49%46,183
50%47,125
51%48,068
52%49,010
53%49,953
54%50,895
55%51,838
56%52,780
57%53,723
58%54,665
59%55,608
60%56,550
Percent Down Down Payment
61%57,493
62%58,435
63%59,378
64%60,320
65%61,263
66%62,205
67%63,148
68%64,090
69%65,033
70%65,975
71%66,918
72%67,860
73%68,803
74%69,745
75%70,688
76%71,630
77%72,573
78%73,515
79%74,458
80%75,400
Percent Down Down Payment
81%76,343
82%77,285
83%78,228
84%79,170
85%80,113
86%81,055
87%81,998
88%82,940
89%83,883
90%84,825
91%85,768
92%86,710
93%87,653
94%88,595
95%89,538
96%90,480
97%91,423
98%92,365
99%93,308
100%94,250
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.