$94,950 Mortgage for 30 Years

What is the monthly payment of a 94,950 dollar loan?
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Loan Tables for a $94,950 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 $94,950 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
94,950 at 2.01%$351.43
94,950 at 2.02%$351.90
94,950 at 2.03%$352.38
94,950 at 2.04%$352.86
94,950 at 2.05%$353.33
94,950 at 2.06%$353.81
94,950 at 2.07%$354.29
94,950 at 2.08%$354.76
94,950 at 2.09%$355.24
94,950 at 2.1%$355.72
94,950 at 2.11%$356.20
94,950 at 2.12%$356.68
94,950 at 2.13%$357.16
94,950 at 2.14%$357.64
94,950 at 2.15%$358.12
94,950 at 2.16%$358.60
94,950 at 2.17%$359.08
94,950 at 2.18%$359.56
94,950 at 2.19%$360.04
94,950 at 2.2%$360.53
94,950 at 2.21%$361.01
94,950 at 2.22%$361.49
94,950 at 2.23%$361.97
94,950 at 2.24%$362.46
94,950 at 2.25%$362.94
94,950 at 2.26%$363.43
94,950 at 2.27%$363.91
94,950 at 2.28%$364.40
94,950 at 2.29%$364.88
94,950 at 2.3%$365.37
94,950 at 2.31%$365.86
94,950 at 2.32%$366.34
94,950 at 2.33%$366.83
94,950 at 2.34%$367.32
94,950 at 2.35%$367.80
94,950 at 2.36%$368.29
94,950 at 2.37%$368.78
94,950 at 2.38%$369.27
94,950 at 2.39%$369.76
94,950 at 2.4%$370.25
94,950 at 2.41%$370.74
94,950 at 2.42%$371.23
94,950 at 2.43%$371.72
94,950 at 2.44%$372.21
94,950 at 2.45%$372.70
94,950 at 2.46%$373.20
94,950 at 2.47%$373.69
94,950 at 2.48%$374.18
94,950 at 2.49%$374.67
94,950 at 2.5%$375.17
94,950 at 2.51%$375.66
94,950 at 2.52%$376.16
94,950 at 2.53%$376.65
94,950 at 2.54%$377.14
94,950 at 2.55%$377.64
94,950 at 2.56%$378.14
94,950 at 2.57%$378.63
94,950 at 2.58%$379.13
94,950 at 2.59%$379.63
94,950 at 2.6%$380.12
94,950 at 2.61%$380.62
94,950 at 2.62%$381.12
94,950 at 2.63%$381.62
94,950 at 2.64%$382.12
94,950 at 2.65%$382.61
94,950 at 2.66%$383.11
94,950 at 2.67%$383.61
94,950 at 2.68%$384.11
94,950 at 2.69%$384.61
94,950 at 2.7%$385.11
94,950 at 2.71%$385.62
94,950 at 2.72%$386.12
94,950 at 2.73%$386.62
94,950 at 2.74%$387.12
94,950 at 2.75%$387.63
94,950 at 2.76%$388.13
94,950 at 2.77%$388.63
94,950 at 2.78%$389.14
94,950 at 2.79%$389.64
94,950 at 2.8%$390.14
94,950 at 2.81%$390.65
94,950 at 2.82%$391.15
94,950 at 2.83%$391.66
94,950 at 2.84%$392.17
94,950 at 2.85%$392.67
94,950 at 2.86%$393.18
94,950 at 2.87%$393.69
94,950 at 2.88%$394.19
94,950 at 2.89%$394.70
94,950 at 2.9%$395.21
94,950 at 2.91%$395.72
94,950 at 2.92%$396.23
94,950 at 2.93%$396.74
94,950 at 2.94%$397.25
94,950 at 2.95%$397.76
94,950 at 2.96%$398.27
94,950 at 2.97%$398.78
94,950 at 2.98%$399.29
94,950 at 2.99%$399.80
94,950 at 3%$400.31
94,950 at 3.01%$400.83
94,950 at 3.02%$401.34
94,950 at 3.03%$401.85
94,950 at 3.04%$402.36
94,950 at 3.05%$402.88
94,950 at 3.06%$403.39
94,950 at 3.07%$403.91
94,950 at 3.08%$404.42
94,950 at 3.09%$404.94
94,950 at 3.1%$405.45
94,950 at 3.11%$405.97
94,950 at 3.12%$406.48
94,950 at 3.13%$407.00
94,950 at 3.14%$407.52
94,950 at 3.15%$408.04
94,950 at 3.16%$408.55
94,950 at 3.17%$409.07
94,950 at 3.18%$409.59
94,950 at 3.19%$410.11
94,950 at 3.2%$410.63
94,950 at 3.21%$411.15
94,950 at 3.22%$411.67
94,950 at 3.23%$412.19
94,950 at 3.24%$412.71
94,950 at 3.25%$413.23
94,950 at 3.26%$413.75
94,950 at 3.27%$414.27
94,950 at 3.28%$414.79
94,950 at 3.29%$415.32
94,950 at 3.3%$415.84
94,950 at 3.31%$416.36
94,950 at 3.32%$416.89
94,950 at 3.33%$417.41
94,950 at 3.34%$417.93
94,950 at 3.35%$418.46
94,950 at 3.36%$418.98
94,950 at 3.37%$419.51
94,950 at 3.38%$420.03
94,950 at 3.39%$420.56
94,950 at 3.4%$421.09
94,950 at 3.41%$421.61
94,950 at 3.42%$422.14
94,950 at 3.43%$422.67
94,950 at 3.44%$423.19
94,950 at 3.45%$423.72
94,950 at 3.46%$424.25
94,950 at 3.47%$424.78
94,950 at 3.48%$425.31
94,950 at 3.49%$425.84
94,950 at 3.5%$426.37
Interest Rate 30 Year
94,950 at 3.51%$426.90
94,950 at 3.52%$427.43
94,950 at 3.53%$427.96
94,950 at 3.54%$428.49
94,950 at 3.55%$429.02
94,950 at 3.56%$429.55
94,950 at 3.57%$430.09
94,950 at 3.58%$430.62
94,950 at 3.59%$431.15
94,950 at 3.6%$431.69
94,950 at 3.61%$432.22
94,950 at 3.62%$432.75
94,950 at 3.63%$433.29
94,950 at 3.64%$433.82
94,950 at 3.65%$434.36
94,950 at 3.66%$434.89
94,950 at 3.67%$435.43
94,950 at 3.68%$435.97
94,950 at 3.69%$436.50
94,950 at 3.7%$437.04
94,950 at 3.71%$437.58
94,950 at 3.72%$438.11
94,950 at 3.73%$438.65
94,950 at 3.74%$439.19
94,950 at 3.75%$439.73
94,950 at 3.76%$440.27
94,950 at 3.77%$440.81
94,950 at 3.78%$441.35
94,950 at 3.79%$441.89
94,950 at 3.8%$442.43
94,950 at 3.81%$442.97
94,950 at 3.82%$443.51
94,950 at 3.83%$444.05
94,950 at 3.84%$444.59
94,950 at 3.85%$445.13
94,950 at 3.86%$445.68
94,950 at 3.87%$446.22
94,950 at 3.88%$446.76
94,950 at 3.89%$447.31
94,950 at 3.9%$447.85
94,950 at 3.91%$448.39
94,950 at 3.92%$448.94
94,950 at 3.93%$449.48
94,950 at 3.94%$450.03
94,950 at 3.95%$450.57
94,950 at 3.96%$451.12
94,950 at 3.97%$451.67
94,950 at 3.98%$452.21
94,950 at 3.99%$452.76
94,950 at 4%$453.31
94,950 at 4.01%$453.85
94,950 at 4.02%$454.40
94,950 at 4.03%$454.95
94,950 at 4.04%$455.50
94,950 at 4.05%$456.05
94,950 at 4.06%$456.60
94,950 at 4.07%$457.15
94,950 at 4.08%$457.70
94,950 at 4.09%$458.25
94,950 at 4.1%$458.80
94,950 at 4.11%$459.35
94,950 at 4.12%$459.90
94,950 at 4.13%$460.45
94,950 at 4.14%$461.00
94,950 at 4.15%$461.56
94,950 at 4.16%$462.11
94,950 at 4.17%$462.66
94,950 at 4.18%$463.21
94,950 at 4.19%$463.77
94,950 at 4.2%$464.32
94,950 at 4.21%$464.88
94,950 at 4.22%$465.43
94,950 at 4.23%$465.99
94,950 at 4.24%$466.54
94,950 at 4.25%$467.10
94,950 at 4.26%$467.65
94,950 at 4.27%$468.21
94,950 at 4.28%$468.77
94,950 at 4.29%$469.32
94,950 at 4.3%$469.88
94,950 at 4.31%$470.44
94,950 at 4.32%$471.00
94,950 at 4.33%$471.55
94,950 at 4.34%$472.11
94,950 at 4.35%$472.67
94,950 at 4.36%$473.23
94,950 at 4.37%$473.79
94,950 at 4.38%$474.35
94,950 at 4.39%$474.91
94,950 at 4.4%$475.47
94,950 at 4.41%$476.03
94,950 at 4.42%$476.59
94,950 at 4.43%$477.16
94,950 at 4.44%$477.72
94,950 at 4.45%$478.28
94,950 at 4.46%$478.84
94,950 at 4.47%$479.41
94,950 at 4.48%$479.97
94,950 at 4.49%$480.53
94,950 at 4.5%$481.10
94,950 at 4.51%$481.66
94,950 at 4.52%$482.23
94,950 at 4.53%$482.79
94,950 at 4.54%$483.36
94,950 at 4.55%$483.92
94,950 at 4.56%$484.49
94,950 at 4.57%$485.05
94,950 at 4.58%$485.62
94,950 at 4.59%$486.19
94,950 at 4.6%$486.76
94,950 at 4.61%$487.32
94,950 at 4.62%$487.89
94,950 at 4.63%$488.46
94,950 at 4.64%$489.03
94,950 at 4.65%$489.60
94,950 at 4.66%$490.17
94,950 at 4.67%$490.74
94,950 at 4.68%$491.31
94,950 at 4.69%$491.88
94,950 at 4.7%$492.45
94,950 at 4.71%$493.02
94,950 at 4.72%$493.59
94,950 at 4.73%$494.16
94,950 at 4.74%$494.73
94,950 at 4.75%$495.30
94,950 at 4.76%$495.88
94,950 at 4.77%$496.45
94,950 at 4.78%$497.02
94,950 at 4.79%$497.60
94,950 at 4.8%$498.17
94,950 at 4.81%$498.74
94,950 at 4.82%$499.32
94,950 at 4.83%$499.89
94,950 at 4.84%$500.47
94,950 at 4.85%$501.04
94,950 at 4.86%$501.62
94,950 at 4.87%$502.20
94,950 at 4.88%$502.77
94,950 at 4.89%$503.35
94,950 at 4.9%$503.93
94,950 at 4.91%$504.50
94,950 at 4.92%$505.08
94,950 at 4.93%$505.66
94,950 at 4.94%$506.24
94,950 at 4.95%$506.81
94,950 at 4.96%$507.39
94,950 at 4.97%$507.97
94,950 at 4.98%$508.55
94,950 at 4.99%$509.13
94,950 at 5%$509.71
Interest Rate 30 Year
94,950 at 5.01%$510.29
94,950 at 5.02%$510.87
94,950 at 5.03%$511.45
94,950 at 5.04%$512.04
94,950 at 5.05%$512.62
94,950 at 5.06%$513.20
94,950 at 5.07%$513.78
94,950 at 5.08%$514.36
94,950 at 5.09%$514.95
94,950 at 5.1%$515.53
94,950 at 5.11%$516.11
94,950 at 5.12%$516.70
94,950 at 5.13%$517.28
94,950 at 5.14%$517.87
94,950 at 5.15%$518.45
94,950 at 5.16%$519.04
94,950 at 5.17%$519.62
94,950 at 5.18%$520.21
94,950 at 5.19%$520.79
94,950 at 5.2%$521.38
94,950 at 5.21%$521.97
94,950 at 5.22%$522.55
94,950 at 5.23%$523.14
94,950 at 5.24%$523.73
94,950 at 5.25%$524.32
94,950 at 5.26%$524.91
94,950 at 5.27%$525.49
94,950 at 5.28%$526.08
94,950 at 5.29%$526.67
94,950 at 5.3%$527.26
94,950 at 5.31%$527.85
94,950 at 5.32%$528.44
94,950 at 5.33%$529.03
94,950 at 5.34%$529.62
94,950 at 5.35%$530.21
94,950 at 5.36%$530.81
94,950 at 5.37%$531.40
94,950 at 5.38%$531.99
94,950 at 5.39%$532.58
94,950 at 5.4%$533.17
94,950 at 5.41%$533.77
94,950 at 5.42%$534.36
94,950 at 5.43%$534.95
94,950 at 5.44%$535.55
94,950 at 5.45%$536.14
94,950 at 5.46%$536.74
94,950 at 5.47%$537.33
94,950 at 5.48%$537.92
94,950 at 5.49%$538.52
94,950 at 5.5%$539.12
94,950 at 5.51%$539.71
94,950 at 5.52%$540.31
94,950 at 5.53%$540.90
94,950 at 5.54%$541.50
94,950 at 5.55%$542.10
94,950 at 5.56%$542.70
94,950 at 5.57%$543.29
94,950 at 5.58%$543.89
94,950 at 5.59%$544.49
94,950 at 5.6%$545.09
94,950 at 5.61%$545.69
94,950 at 5.62%$546.29
94,950 at 5.63%$546.89
94,950 at 5.64%$547.49
94,950 at 5.65%$548.09
94,950 at 5.66%$548.69
94,950 at 5.67%$549.29
94,950 at 5.68%$549.89
94,950 at 5.69%$550.49
94,950 at 5.7%$551.09
94,950 at 5.71%$551.69
94,950 at 5.72%$552.29
94,950 at 5.73%$552.90
94,950 at 5.74%$553.50
94,950 at 5.75%$554.10
94,950 at 5.76%$554.71
94,950 at 5.77%$555.31
94,950 at 5.78%$555.91
94,950 at 5.79%$556.52
94,950 at 5.8%$557.12
94,950 at 5.81%$557.73
94,950 at 5.82%$558.33
94,950 at 5.83%$558.94
94,950 at 5.84%$559.54
94,950 at 5.85%$560.15
94,950 at 5.86%$560.76
94,950 at 5.87%$561.36
94,950 at 5.88%$561.97
94,950 at 5.89%$562.58
94,950 at 5.9%$563.18
94,950 at 5.91%$563.79
94,950 at 5.92%$564.40
94,950 at 5.93%$565.01
94,950 at 5.94%$565.62
94,950 at 5.95%$566.22
94,950 at 5.96%$566.83
94,950 at 5.97%$567.44
94,950 at 5.98%$568.05
94,950 at 5.99%$568.66
94,950 at 6%$569.27
94,950 at 6.01%$569.88
94,950 at 6.02%$570.49
94,950 at 6.03%$571.11
94,950 at 6.04%$571.72
94,950 at 6.05%$572.33
94,950 at 6.06%$572.94
94,950 at 6.07%$573.55
94,950 at 6.08%$574.17
94,950 at 6.09%$574.78
94,950 at 6.1%$575.39
94,950 at 6.11%$576.01
94,950 at 6.12%$576.62
94,950 at 6.13%$577.23
94,950 at 6.14%$577.85
94,950 at 6.15%$578.46
94,950 at 6.16%$579.08
94,950 at 6.17%$579.69
94,950 at 6.18%$580.31
94,950 at 6.19%$580.92
94,950 at 6.2%$581.54
94,950 at 6.21%$582.16
94,950 at 6.22%$582.77
94,950 at 6.23%$583.39
94,950 at 6.24%$584.01
94,950 at 6.25%$584.62
94,950 at 6.26%$585.24
94,950 at 6.27%$585.86
94,950 at 6.28%$586.48
94,950 at 6.29%$587.10
94,950 at 6.3%$587.71
94,950 at 6.31%$588.33
94,950 at 6.32%$588.95
94,950 at 6.33%$589.57
94,950 at 6.34%$590.19
94,950 at 6.35%$590.81
94,950 at 6.36%$591.43
94,950 at 6.37%$592.05
94,950 at 6.38%$592.68
94,950 at 6.39%$593.30
94,950 at 6.4%$593.92
94,950 at 6.41%$594.54
94,950 at 6.42%$595.16
94,950 at 6.43%$595.78
94,950 at 6.44%$596.41
94,950 at 6.45%$597.03
94,950 at 6.46%$597.65
94,950 at 6.47%$598.28
94,950 at 6.48%$598.90
94,950 at 6.49%$599.52
94,950 at 6.5%$600.15
Interest Rate 30 Year
94,950 at 6.51%$600.77
94,950 at 6.52%$601.40
94,950 at 6.53%$602.02
94,950 at 6.54%$602.65
94,950 at 6.55%$603.27
94,950 at 6.56%$603.90
94,950 at 6.57%$604.53
94,950 at 6.58%$605.15
94,950 at 6.59%$605.78
94,950 at 6.6%$606.41
94,950 at 6.61%$607.03
94,950 at 6.62%$607.66
94,950 at 6.63%$608.29
94,950 at 6.64%$608.92
94,950 at 6.65%$609.55
94,950 at 6.66%$610.17
94,950 at 6.67%$610.80
94,950 at 6.68%$611.43
94,950 at 6.69%$612.06
94,950 at 6.7%$612.69
94,950 at 6.71%$613.32
94,950 at 6.72%$613.95
94,950 at 6.73%$614.58
94,950 at 6.74%$615.21
94,950 at 6.75%$615.84
94,950 at 6.76%$616.48
94,950 at 6.77%$617.11
94,950 at 6.78%$617.74
94,950 at 6.79%$618.37
94,950 at 6.8%$619.00
94,950 at 6.81%$619.64
94,950 at 6.82%$620.27
94,950 at 6.83%$620.90
94,950 at 6.84%$621.53
94,950 at 6.85%$622.17
94,950 at 6.86%$622.80
94,950 at 6.87%$623.44
94,950 at 6.88%$624.07
94,950 at 6.89%$624.71
94,950 at 6.9%$625.34
94,950 at 6.91%$625.98
94,950 at 6.92%$626.61
94,950 at 6.93%$627.25
94,950 at 6.94%$627.88
94,950 at 6.95%$628.52
94,950 at 6.96%$629.16
94,950 at 6.97%$629.79
94,950 at 6.98%$630.43
94,950 at 6.99%$631.07
94,950 at 7%$631.70
94,950 at 7.01%$632.34
94,950 at 7.02%$632.98
94,950 at 7.03%$633.62
94,950 at 7.04%$634.26
94,950 at 7.05%$634.90
94,950 at 7.06%$635.54
94,950 at 7.07%$636.17
94,950 at 7.08%$636.81
94,950 at 7.09%$637.45
94,950 at 7.1%$638.09
94,950 at 7.11%$638.73
94,950 at 7.12%$639.38
94,950 at 7.13%$640.02
94,950 at 7.14%$640.66
94,950 at 7.15%$641.30
94,950 at 7.16%$641.94
94,950 at 7.17%$642.58
94,950 at 7.18%$643.22
94,950 at 7.19%$643.87
94,950 at 7.2%$644.51
94,950 at 7.21%$645.15
94,950 at 7.22%$645.80
94,950 at 7.23%$646.44
94,950 at 7.24%$647.08
94,950 at 7.25%$647.73
94,950 at 7.26%$648.37
94,950 at 7.27%$649.01
94,950 at 7.28%$649.66
94,950 at 7.29%$650.30
94,950 at 7.3%$650.95
94,950 at 7.31%$651.59
94,950 at 7.32%$652.24
94,950 at 7.33%$652.89
94,950 at 7.34%$653.53
94,950 at 7.35%$654.18
94,950 at 7.36%$654.83
94,950 at 7.37%$655.47
94,950 at 7.38%$656.12
94,950 at 7.39%$656.77
94,950 at 7.4%$657.41
94,950 at 7.41%$658.06
94,950 at 7.42%$658.71
94,950 at 7.43%$659.36
94,950 at 7.44%$660.01
94,950 at 7.45%$660.66
94,950 at 7.46%$661.31
94,950 at 7.47%$661.95
94,950 at 7.48%$662.60
94,950 at 7.49%$663.25
94,950 at 7.5%$663.90
94,950 at 7.51%$664.55
94,950 at 7.52%$665.21
94,950 at 7.53%$665.86
94,950 at 7.54%$666.51
94,950 at 7.55%$667.16
94,950 at 7.56%$667.81
94,950 at 7.57%$668.46
94,950 at 7.58%$669.11
94,950 at 7.59%$669.77
94,950 at 7.6%$670.42
94,950 at 7.61%$671.07
94,950 at 7.62%$671.72
94,950 at 7.63%$672.38
94,950 at 7.64%$673.03
94,950 at 7.65%$673.68
94,950 at 7.66%$674.34
94,950 at 7.67%$674.99
94,950 at 7.68%$675.65
94,950 at 7.69%$676.30
94,950 at 7.7%$676.96
94,950 at 7.71%$677.61
94,950 at 7.72%$678.27
94,950 at 7.73%$678.92
94,950 at 7.74%$679.58
94,950 at 7.75%$680.23
94,950 at 7.76%$680.89
94,950 at 7.77%$681.55
94,950 at 7.78%$682.20
94,950 at 7.79%$682.86
94,950 at 7.8%$683.52
94,950 at 7.81%$684.17
94,950 at 7.82%$684.83
94,950 at 7.83%$685.49
94,950 at 7.84%$686.15
94,950 at 7.85%$686.81
94,950 at 7.86%$687.47
94,950 at 7.87%$688.12
94,950 at 7.88%$688.78
94,950 at 7.89%$689.44
94,950 at 7.9%$690.10
94,950 at 7.91%$690.76
94,950 at 7.92%$691.42
94,950 at 7.93%$692.08
94,950 at 7.94%$692.74
94,950 at 7.95%$693.40
94,950 at 7.96%$694.06
94,950 at 7.97%$694.72
94,950 at 7.98%$695.39
94,950 at 7.99%$696.05
94,950 at 8%$696.71
More Amounts
What is the down payment for a $94,950 house? How much do you need to put down?
Percent Down Down Payment
1%950
2%1,899
3%2,849
4%3,798
5%4,748
6%5,697
7%6,647
8%7,596
9%8,546
10%9,495
11%10,445
12%11,394
13%12,344
14%13,293
15%14,243
16%15,192
17%16,142
18%17,091
19%18,041
20%18,990
Percent Down Down Payment
21%19,940
22%20,889
23%21,839
24%22,788
25%23,738
26%24,687
27%25,637
28%26,586
29%27,536
30%28,485
31%29,435
32%30,384
33%31,334
34%32,283
35%33,233
36%34,182
37%35,132
38%36,081
39%37,031
40%37,980
Percent Down Down Payment
41%38,930
42%39,879
43%40,829
44%41,778
45%42,728
46%43,677
47%44,627
48%45,576
49%46,526
50%47,475
51%48,425
52%49,374
53%50,324
54%51,273
55%52,223
56%53,172
57%54,122
58%55,071
59%56,021
60%56,970
Percent Down Down Payment
61%57,920
62%58,869
63%59,819
64%60,768
65%61,718
66%62,667
67%63,617
68%64,566
69%65,516
70%66,465
71%67,415
72%68,364
73%69,314
74%70,263
75%71,213
76%72,162
77%73,112
78%74,061
79%75,011
80%75,960
Percent Down Down Payment
81%76,910
82%77,859
83%78,809
84%79,758
85%80,708
86%81,657
87%82,607
88%83,556
89%84,506
90%85,455
91%86,405
92%87,354
93%88,304
94%89,253
95%90,203
96%91,152
97%92,102
98%93,051
99%94,001
100%94,950
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.