$94,850 Mortgage for 30 Years

What is the monthly payment of a 94,850 dollar loan?
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Loan Tables for a $94,850 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 95k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $94,850 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
94,850 at 2.01%$351.06
94,850 at 2.02%$351.53
94,850 at 2.03%$352.01
94,850 at 2.04%$352.48
94,850 at 2.05%$352.96
94,850 at 2.06%$353.44
94,850 at 2.07%$353.91
94,850 at 2.08%$354.39
94,850 at 2.09%$354.87
94,850 at 2.1%$355.35
94,850 at 2.11%$355.82
94,850 at 2.12%$356.30
94,850 at 2.13%$356.78
94,850 at 2.14%$357.26
94,850 at 2.15%$357.74
94,850 at 2.16%$358.22
94,850 at 2.17%$358.70
94,850 at 2.18%$359.18
94,850 at 2.19%$359.66
94,850 at 2.2%$360.15
94,850 at 2.21%$360.63
94,850 at 2.22%$361.11
94,850 at 2.23%$361.59
94,850 at 2.24%$362.08
94,850 at 2.25%$362.56
94,850 at 2.26%$363.04
94,850 at 2.27%$363.53
94,850 at 2.28%$364.01
94,850 at 2.29%$364.50
94,850 at 2.3%$364.98
94,850 at 2.31%$365.47
94,850 at 2.32%$365.96
94,850 at 2.33%$366.44
94,850 at 2.34%$366.93
94,850 at 2.35%$367.42
94,850 at 2.36%$367.90
94,850 at 2.37%$368.39
94,850 at 2.38%$368.88
94,850 at 2.39%$369.37
94,850 at 2.4%$369.86
94,850 at 2.41%$370.35
94,850 at 2.42%$370.84
94,850 at 2.43%$371.33
94,850 at 2.44%$371.82
94,850 at 2.45%$372.31
94,850 at 2.46%$372.80
94,850 at 2.47%$373.29
94,850 at 2.48%$373.79
94,850 at 2.49%$374.28
94,850 at 2.5%$374.77
94,850 at 2.51%$375.27
94,850 at 2.52%$375.76
94,850 at 2.53%$376.25
94,850 at 2.54%$376.75
94,850 at 2.55%$377.24
94,850 at 2.56%$377.74
94,850 at 2.57%$378.23
94,850 at 2.58%$378.73
94,850 at 2.59%$379.23
94,850 at 2.6%$379.72
94,850 at 2.61%$380.22
94,850 at 2.62%$380.72
94,850 at 2.63%$381.21
94,850 at 2.64%$381.71
94,850 at 2.65%$382.21
94,850 at 2.66%$382.71
94,850 at 2.67%$383.21
94,850 at 2.68%$383.71
94,850 at 2.69%$384.21
94,850 at 2.7%$384.71
94,850 at 2.71%$385.21
94,850 at 2.72%$385.71
94,850 at 2.73%$386.21
94,850 at 2.74%$386.71
94,850 at 2.75%$387.22
94,850 at 2.76%$387.72
94,850 at 2.77%$388.22
94,850 at 2.78%$388.73
94,850 at 2.79%$389.23
94,850 at 2.8%$389.73
94,850 at 2.81%$390.24
94,850 at 2.82%$390.74
94,850 at 2.83%$391.25
94,850 at 2.84%$391.75
94,850 at 2.85%$392.26
94,850 at 2.86%$392.77
94,850 at 2.87%$393.27
94,850 at 2.88%$393.78
94,850 at 2.89%$394.29
94,850 at 2.9%$394.79
94,850 at 2.91%$395.30
94,850 at 2.92%$395.81
94,850 at 2.93%$396.32
94,850 at 2.94%$396.83
94,850 at 2.95%$397.34
94,850 at 2.96%$397.85
94,850 at 2.97%$398.36
94,850 at 2.98%$398.87
94,850 at 2.99%$399.38
94,850 at 3%$399.89
94,850 at 3.01%$400.40
94,850 at 3.02%$400.92
94,850 at 3.03%$401.43
94,850 at 3.04%$401.94
94,850 at 3.05%$402.45
94,850 at 3.06%$402.97
94,850 at 3.07%$403.48
94,850 at 3.08%$404.00
94,850 at 3.09%$404.51
94,850 at 3.1%$405.03
94,850 at 3.11%$405.54
94,850 at 3.12%$406.06
94,850 at 3.13%$406.57
94,850 at 3.14%$407.09
94,850 at 3.15%$407.61
94,850 at 3.16%$408.12
94,850 at 3.17%$408.64
94,850 at 3.18%$409.16
94,850 at 3.19%$409.68
94,850 at 3.2%$410.19
94,850 at 3.21%$410.71
94,850 at 3.22%$411.23
94,850 at 3.23%$411.75
94,850 at 3.24%$412.27
94,850 at 3.25%$412.79
94,850 at 3.26%$413.31
94,850 at 3.27%$413.84
94,850 at 3.28%$414.36
94,850 at 3.29%$414.88
94,850 at 3.3%$415.40
94,850 at 3.31%$415.92
94,850 at 3.32%$416.45
94,850 at 3.33%$416.97
94,850 at 3.34%$417.49
94,850 at 3.35%$418.02
94,850 at 3.36%$418.54
94,850 at 3.37%$419.07
94,850 at 3.38%$419.59
94,850 at 3.39%$420.12
94,850 at 3.4%$420.64
94,850 at 3.41%$421.17
94,850 at 3.42%$421.69
94,850 at 3.43%$422.22
94,850 at 3.44%$422.75
94,850 at 3.45%$423.28
94,850 at 3.46%$423.80
94,850 at 3.47%$424.33
94,850 at 3.48%$424.86
94,850 at 3.49%$425.39
94,850 at 3.5%$425.92
Interest Rate 30 Year
94,850 at 3.51%$426.45
94,850 at 3.52%$426.98
94,850 at 3.53%$427.51
94,850 at 3.54%$428.04
94,850 at 3.55%$428.57
94,850 at 3.56%$429.10
94,850 at 3.57%$429.63
94,850 at 3.58%$430.17
94,850 at 3.59%$430.70
94,850 at 3.6%$431.23
94,850 at 3.61%$431.76
94,850 at 3.62%$432.30
94,850 at 3.63%$432.83
94,850 at 3.64%$433.37
94,850 at 3.65%$433.90
94,850 at 3.66%$434.44
94,850 at 3.67%$434.97
94,850 at 3.68%$435.51
94,850 at 3.69%$436.04
94,850 at 3.7%$436.58
94,850 at 3.71%$437.12
94,850 at 3.72%$437.65
94,850 at 3.73%$438.19
94,850 at 3.74%$438.73
94,850 at 3.75%$439.27
94,850 at 3.76%$439.80
94,850 at 3.77%$440.34
94,850 at 3.78%$440.88
94,850 at 3.79%$441.42
94,850 at 3.8%$441.96
94,850 at 3.81%$442.50
94,850 at 3.82%$443.04
94,850 at 3.83%$443.58
94,850 at 3.84%$444.12
94,850 at 3.85%$444.66
94,850 at 3.86%$445.21
94,850 at 3.87%$445.75
94,850 at 3.88%$446.29
94,850 at 3.89%$446.83
94,850 at 3.9%$447.38
94,850 at 3.91%$447.92
94,850 at 3.92%$448.46
94,850 at 3.93%$449.01
94,850 at 3.94%$449.55
94,850 at 3.95%$450.10
94,850 at 3.96%$450.64
94,850 at 3.97%$451.19
94,850 at 3.98%$451.74
94,850 at 3.99%$452.28
94,850 at 4%$452.83
94,850 at 4.01%$453.38
94,850 at 4.02%$453.92
94,850 at 4.03%$454.47
94,850 at 4.04%$455.02
94,850 at 4.05%$455.57
94,850 at 4.06%$456.12
94,850 at 4.07%$456.66
94,850 at 4.08%$457.21
94,850 at 4.09%$457.76
94,850 at 4.1%$458.31
94,850 at 4.11%$458.86
94,850 at 4.12%$459.41
94,850 at 4.13%$459.97
94,850 at 4.14%$460.52
94,850 at 4.15%$461.07
94,850 at 4.16%$461.62
94,850 at 4.17%$462.17
94,850 at 4.18%$462.73
94,850 at 4.19%$463.28
94,850 at 4.2%$463.83
94,850 at 4.21%$464.39
94,850 at 4.22%$464.94
94,850 at 4.23%$465.50
94,850 at 4.24%$466.05
94,850 at 4.25%$466.60
94,850 at 4.26%$467.16
94,850 at 4.27%$467.72
94,850 at 4.28%$468.27
94,850 at 4.29%$468.83
94,850 at 4.3%$469.39
94,850 at 4.31%$469.94
94,850 at 4.32%$470.50
94,850 at 4.33%$471.06
94,850 at 4.34%$471.62
94,850 at 4.35%$472.17
94,850 at 4.36%$472.73
94,850 at 4.37%$473.29
94,850 at 4.38%$473.85
94,850 at 4.39%$474.41
94,850 at 4.4%$474.97
94,850 at 4.41%$475.53
94,850 at 4.42%$476.09
94,850 at 4.43%$476.65
94,850 at 4.44%$477.22
94,850 at 4.45%$477.78
94,850 at 4.46%$478.34
94,850 at 4.47%$478.90
94,850 at 4.48%$479.46
94,850 at 4.49%$480.03
94,850 at 4.5%$480.59
94,850 at 4.51%$481.15
94,850 at 4.52%$481.72
94,850 at 4.53%$482.28
94,850 at 4.54%$482.85
94,850 at 4.55%$483.41
94,850 at 4.56%$483.98
94,850 at 4.57%$484.54
94,850 at 4.58%$485.11
94,850 at 4.59%$485.68
94,850 at 4.6%$486.24
94,850 at 4.61%$486.81
94,850 at 4.62%$487.38
94,850 at 4.63%$487.95
94,850 at 4.64%$488.51
94,850 at 4.65%$489.08
94,850 at 4.66%$489.65
94,850 at 4.67%$490.22
94,850 at 4.68%$490.79
94,850 at 4.69%$491.36
94,850 at 4.7%$491.93
94,850 at 4.71%$492.50
94,850 at 4.72%$493.07
94,850 at 4.73%$493.64
94,850 at 4.74%$494.21
94,850 at 4.75%$494.78
94,850 at 4.76%$495.35
94,850 at 4.77%$495.93
94,850 at 4.78%$496.50
94,850 at 4.79%$497.07
94,850 at 4.8%$497.65
94,850 at 4.81%$498.22
94,850 at 4.82%$498.79
94,850 at 4.83%$499.37
94,850 at 4.84%$499.94
94,850 at 4.85%$500.52
94,850 at 4.86%$501.09
94,850 at 4.87%$501.67
94,850 at 4.88%$502.24
94,850 at 4.89%$502.82
94,850 at 4.9%$503.39
94,850 at 4.91%$503.97
94,850 at 4.92%$504.55
94,850 at 4.93%$505.13
94,850 at 4.94%$505.70
94,850 at 4.95%$506.28
94,850 at 4.96%$506.86
94,850 at 4.97%$507.44
94,850 at 4.98%$508.02
94,850 at 4.99%$508.60
94,850 at 5%$509.18
Interest Rate 30 Year
94,850 at 5.01%$509.76
94,850 at 5.02%$510.34
94,850 at 5.03%$510.92
94,850 at 5.04%$511.50
94,850 at 5.05%$512.08
94,850 at 5.06%$512.66
94,850 at 5.07%$513.24
94,850 at 5.08%$513.82
94,850 at 5.09%$514.41
94,850 at 5.1%$514.99
94,850 at 5.11%$515.57
94,850 at 5.12%$516.15
94,850 at 5.13%$516.74
94,850 at 5.14%$517.32
94,850 at 5.15%$517.91
94,850 at 5.16%$518.49
94,850 at 5.17%$519.08
94,850 at 5.18%$519.66
94,850 at 5.19%$520.25
94,850 at 5.2%$520.83
94,850 at 5.21%$521.42
94,850 at 5.22%$522.00
94,850 at 5.23%$522.59
94,850 at 5.24%$523.18
94,850 at 5.25%$523.77
94,850 at 5.26%$524.35
94,850 at 5.27%$524.94
94,850 at 5.28%$525.53
94,850 at 5.29%$526.12
94,850 at 5.3%$526.71
94,850 at 5.31%$527.30
94,850 at 5.32%$527.89
94,850 at 5.33%$528.47
94,850 at 5.34%$529.06
94,850 at 5.35%$529.66
94,850 at 5.36%$530.25
94,850 at 5.37%$530.84
94,850 at 5.38%$531.43
94,850 at 5.39%$532.02
94,850 at 5.4%$532.61
94,850 at 5.41%$533.20
94,850 at 5.42%$533.80
94,850 at 5.43%$534.39
94,850 at 5.44%$534.98
94,850 at 5.45%$535.58
94,850 at 5.46%$536.17
94,850 at 5.47%$536.76
94,850 at 5.48%$537.36
94,850 at 5.49%$537.95
94,850 at 5.5%$538.55
94,850 at 5.51%$539.14
94,850 at 5.52%$539.74
94,850 at 5.53%$540.33
94,850 at 5.54%$540.93
94,850 at 5.55%$541.53
94,850 at 5.56%$542.12
94,850 at 5.57%$542.72
94,850 at 5.58%$543.32
94,850 at 5.59%$543.92
94,850 at 5.6%$544.51
94,850 at 5.61%$545.11
94,850 at 5.62%$545.71
94,850 at 5.63%$546.31
94,850 at 5.64%$546.91
94,850 at 5.65%$547.51
94,850 at 5.66%$548.11
94,850 at 5.67%$548.71
94,850 at 5.68%$549.31
94,850 at 5.69%$549.91
94,850 at 5.7%$550.51
94,850 at 5.71%$551.11
94,850 at 5.72%$551.71
94,850 at 5.73%$552.31
94,850 at 5.74%$552.92
94,850 at 5.75%$553.52
94,850 at 5.76%$554.12
94,850 at 5.77%$554.72
94,850 at 5.78%$555.33
94,850 at 5.79%$555.93
94,850 at 5.8%$556.54
94,850 at 5.81%$557.14
94,850 at 5.82%$557.74
94,850 at 5.83%$558.35
94,850 at 5.84%$558.95
94,850 at 5.85%$559.56
94,850 at 5.86%$560.16
94,850 at 5.87%$560.77
94,850 at 5.88%$561.38
94,850 at 5.89%$561.98
94,850 at 5.9%$562.59
94,850 at 5.91%$563.20
94,850 at 5.92%$563.80
94,850 at 5.93%$564.41
94,850 at 5.94%$565.02
94,850 at 5.95%$565.63
94,850 at 5.96%$566.24
94,850 at 5.97%$566.85
94,850 at 5.98%$567.45
94,850 at 5.99%$568.06
94,850 at 6%$568.67
94,850 at 6.01%$569.28
94,850 at 6.02%$569.89
94,850 at 6.03%$570.50
94,850 at 6.04%$571.12
94,850 at 6.05%$571.73
94,850 at 6.06%$572.34
94,850 at 6.07%$572.95
94,850 at 6.08%$573.56
94,850 at 6.09%$574.17
94,850 at 6.1%$574.79
94,850 at 6.11%$575.40
94,850 at 6.12%$576.01
94,850 at 6.13%$576.63
94,850 at 6.14%$577.24
94,850 at 6.15%$577.85
94,850 at 6.16%$578.47
94,850 at 6.17%$579.08
94,850 at 6.18%$579.70
94,850 at 6.19%$580.31
94,850 at 6.2%$580.93
94,850 at 6.21%$581.54
94,850 at 6.22%$582.16
94,850 at 6.23%$582.77
94,850 at 6.24%$583.39
94,850 at 6.25%$584.01
94,850 at 6.26%$584.62
94,850 at 6.27%$585.24
94,850 at 6.28%$585.86
94,850 at 6.29%$586.48
94,850 at 6.3%$587.10
94,850 at 6.31%$587.71
94,850 at 6.32%$588.33
94,850 at 6.33%$588.95
94,850 at 6.34%$589.57
94,850 at 6.35%$590.19
94,850 at 6.36%$590.81
94,850 at 6.37%$591.43
94,850 at 6.38%$592.05
94,850 at 6.39%$592.67
94,850 at 6.4%$593.29
94,850 at 6.41%$593.91
94,850 at 6.42%$594.53
94,850 at 6.43%$595.16
94,850 at 6.44%$595.78
94,850 at 6.45%$596.40
94,850 at 6.46%$597.02
94,850 at 6.47%$597.65
94,850 at 6.48%$598.27
94,850 at 6.49%$598.89
94,850 at 6.5%$599.52
Interest Rate 30 Year
94,850 at 6.51%$600.14
94,850 at 6.52%$600.76
94,850 at 6.53%$601.39
94,850 at 6.54%$602.01
94,850 at 6.55%$602.64
94,850 at 6.56%$603.26
94,850 at 6.57%$603.89
94,850 at 6.58%$604.52
94,850 at 6.59%$605.14
94,850 at 6.6%$605.77
94,850 at 6.61%$606.39
94,850 at 6.62%$607.02
94,850 at 6.63%$607.65
94,850 at 6.64%$608.28
94,850 at 6.65%$608.90
94,850 at 6.66%$609.53
94,850 at 6.67%$610.16
94,850 at 6.68%$610.79
94,850 at 6.69%$611.42
94,850 at 6.7%$612.05
94,850 at 6.71%$612.68
94,850 at 6.72%$613.31
94,850 at 6.73%$613.93
94,850 at 6.74%$614.56
94,850 at 6.75%$615.20
94,850 at 6.76%$615.83
94,850 at 6.77%$616.46
94,850 at 6.78%$617.09
94,850 at 6.79%$617.72
94,850 at 6.8%$618.35
94,850 at 6.81%$618.98
94,850 at 6.82%$619.62
94,850 at 6.83%$620.25
94,850 at 6.84%$620.88
94,850 at 6.85%$621.51
94,850 at 6.86%$622.15
94,850 at 6.87%$622.78
94,850 at 6.88%$623.41
94,850 at 6.89%$624.05
94,850 at 6.9%$624.68
94,850 at 6.91%$625.32
94,850 at 6.92%$625.95
94,850 at 6.93%$626.59
94,850 at 6.94%$627.22
94,850 at 6.95%$627.86
94,850 at 6.96%$628.49
94,850 at 6.97%$629.13
94,850 at 6.98%$629.77
94,850 at 6.99%$630.40
94,850 at 7%$631.04
94,850 at 7.01%$631.68
94,850 at 7.02%$632.31
94,850 at 7.03%$632.95
94,850 at 7.04%$633.59
94,850 at 7.05%$634.23
94,850 at 7.06%$634.87
94,850 at 7.07%$635.50
94,850 at 7.08%$636.14
94,850 at 7.09%$636.78
94,850 at 7.1%$637.42
94,850 at 7.11%$638.06
94,850 at 7.12%$638.70
94,850 at 7.13%$639.34
94,850 at 7.14%$639.98
94,850 at 7.15%$640.62
94,850 at 7.16%$641.26
94,850 at 7.17%$641.91
94,850 at 7.18%$642.55
94,850 at 7.19%$643.19
94,850 at 7.2%$643.83
94,850 at 7.21%$644.47
94,850 at 7.22%$645.12
94,850 at 7.23%$645.76
94,850 at 7.24%$646.40
94,850 at 7.25%$647.04
94,850 at 7.26%$647.69
94,850 at 7.27%$648.33
94,850 at 7.28%$648.98
94,850 at 7.29%$649.62
94,850 at 7.3%$650.26
94,850 at 7.31%$650.91
94,850 at 7.32%$651.55
94,850 at 7.33%$652.20
94,850 at 7.34%$652.84
94,850 at 7.35%$653.49
94,850 at 7.36%$654.14
94,850 at 7.37%$654.78
94,850 at 7.38%$655.43
94,850 at 7.39%$656.08
94,850 at 7.4%$656.72
94,850 at 7.41%$657.37
94,850 at 7.42%$658.02
94,850 at 7.43%$658.66
94,850 at 7.44%$659.31
94,850 at 7.45%$659.96
94,850 at 7.46%$660.61
94,850 at 7.47%$661.26
94,850 at 7.48%$661.91
94,850 at 7.49%$662.56
94,850 at 7.5%$663.20
94,850 at 7.51%$663.85
94,850 at 7.52%$664.50
94,850 at 7.53%$665.15
94,850 at 7.54%$665.80
94,850 at 7.55%$666.46
94,850 at 7.56%$667.11
94,850 at 7.57%$667.76
94,850 at 7.58%$668.41
94,850 at 7.59%$669.06
94,850 at 7.6%$669.71
94,850 at 7.61%$670.36
94,850 at 7.62%$671.02
94,850 at 7.63%$671.67
94,850 at 7.64%$672.32
94,850 at 7.65%$672.97
94,850 at 7.66%$673.63
94,850 at 7.67%$674.28
94,850 at 7.68%$674.93
94,850 at 7.69%$675.59
94,850 at 7.7%$676.24
94,850 at 7.71%$676.90
94,850 at 7.72%$677.55
94,850 at 7.73%$678.21
94,850 at 7.74%$678.86
94,850 at 7.75%$679.52
94,850 at 7.76%$680.17
94,850 at 7.77%$680.83
94,850 at 7.78%$681.48
94,850 at 7.79%$682.14
94,850 at 7.8%$682.80
94,850 at 7.81%$683.45
94,850 at 7.82%$684.11
94,850 at 7.83%$684.77
94,850 at 7.84%$685.43
94,850 at 7.85%$686.08
94,850 at 7.86%$686.74
94,850 at 7.87%$687.40
94,850 at 7.88%$688.06
94,850 at 7.89%$688.72
94,850 at 7.9%$689.37
94,850 at 7.91%$690.03
94,850 at 7.92%$690.69
94,850 at 7.93%$691.35
94,850 at 7.94%$692.01
94,850 at 7.95%$692.67
94,850 at 7.96%$693.33
94,850 at 7.97%$693.99
94,850 at 7.98%$694.65
94,850 at 7.99%$695.31
94,850 at 8%$695.98
More Amounts
What is the down payment for a $94,850 house? How much do you need to put down?
Percent Down Down Payment
1%949
2%1,897
3%2,846
4%3,794
5%4,743
6%5,691
7%6,640
8%7,588
9%8,537
10%9,485
11%10,434
12%11,382
13%12,331
14%13,279
15%14,228
16%15,176
17%16,125
18%17,073
19%18,022
20%18,970
Percent Down Down Payment
21%19,919
22%20,867
23%21,816
24%22,764
25%23,713
26%24,661
27%25,610
28%26,558
29%27,507
30%28,455
31%29,404
32%30,352
33%31,301
34%32,249
35%33,198
36%34,146
37%35,095
38%36,043
39%36,992
40%37,940
Percent Down Down Payment
41%38,889
42%39,837
43%40,786
44%41,734
45%42,683
46%43,631
47%44,580
48%45,528
49%46,477
50%47,425
51%48,374
52%49,322
53%50,271
54%51,219
55%52,168
56%53,116
57%54,065
58%55,013
59%55,962
60%56,910
Percent Down Down Payment
61%57,859
62%58,807
63%59,756
64%60,704
65%61,653
66%62,601
67%63,550
68%64,498
69%65,447
70%66,395
71%67,344
72%68,292
73%69,241
74%70,189
75%71,138
76%72,086
77%73,035
78%73,983
79%74,932
80%75,880
Percent Down Down Payment
81%76,829
82%77,777
83%78,726
84%79,674
85%80,623
86%81,571
87%82,520
88%83,468
89%84,417
90%85,365
91%86,314
92%87,262
93%88,211
94%89,159
95%90,108
96%91,056
97%92,005
98%92,953
99%93,902
100%94,850
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.