$97,400 Mortgage for 30 Years

What is the monthly payment of a 97,400 dollar loan?
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Loan Tables for a $97,400 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 97k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $97,400 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
97,400 at 2.01%$360.50
97,400 at 2.02%$360.98
97,400 at 2.03%$361.47
97,400 at 2.04%$361.96
97,400 at 2.05%$362.45
97,400 at 2.06%$362.94
97,400 at 2.07%$363.43
97,400 at 2.08%$363.92
97,400 at 2.09%$364.41
97,400 at 2.1%$364.90
97,400 at 2.11%$365.39
97,400 at 2.12%$365.88
97,400 at 2.13%$366.37
97,400 at 2.14%$366.87
97,400 at 2.15%$367.36
97,400 at 2.16%$367.85
97,400 at 2.17%$368.35
97,400 at 2.18%$368.84
97,400 at 2.19%$369.33
97,400 at 2.2%$369.83
97,400 at 2.21%$370.32
97,400 at 2.22%$370.82
97,400 at 2.23%$371.31
97,400 at 2.24%$371.81
97,400 at 2.25%$372.31
97,400 at 2.26%$372.80
97,400 at 2.27%$373.30
97,400 at 2.28%$373.80
97,400 at 2.29%$374.30
97,400 at 2.3%$374.80
97,400 at 2.31%$375.30
97,400 at 2.32%$375.79
97,400 at 2.33%$376.29
97,400 at 2.34%$376.79
97,400 at 2.35%$377.29
97,400 at 2.36%$377.80
97,400 at 2.37%$378.30
97,400 at 2.38%$378.80
97,400 at 2.39%$379.30
97,400 at 2.4%$379.80
97,400 at 2.41%$380.31
97,400 at 2.42%$380.81
97,400 at 2.43%$381.31
97,400 at 2.44%$381.82
97,400 at 2.45%$382.32
97,400 at 2.46%$382.83
97,400 at 2.47%$383.33
97,400 at 2.48%$383.84
97,400 at 2.49%$384.34
97,400 at 2.5%$384.85
97,400 at 2.51%$385.35
97,400 at 2.52%$385.86
97,400 at 2.53%$386.37
97,400 at 2.54%$386.88
97,400 at 2.55%$387.38
97,400 at 2.56%$387.89
97,400 at 2.57%$388.40
97,400 at 2.58%$388.91
97,400 at 2.59%$389.42
97,400 at 2.6%$389.93
97,400 at 2.61%$390.44
97,400 at 2.62%$390.95
97,400 at 2.63%$391.46
97,400 at 2.64%$391.97
97,400 at 2.65%$392.49
97,400 at 2.66%$393.00
97,400 at 2.67%$393.51
97,400 at 2.68%$394.02
97,400 at 2.69%$394.54
97,400 at 2.7%$395.05
97,400 at 2.71%$395.57
97,400 at 2.72%$396.08
97,400 at 2.73%$396.60
97,400 at 2.74%$397.11
97,400 at 2.75%$397.63
97,400 at 2.76%$398.14
97,400 at 2.77%$398.66
97,400 at 2.78%$399.18
97,400 at 2.79%$399.69
97,400 at 2.8%$400.21
97,400 at 2.81%$400.73
97,400 at 2.82%$401.25
97,400 at 2.83%$401.77
97,400 at 2.84%$402.29
97,400 at 2.85%$402.80
97,400 at 2.86%$403.32
97,400 at 2.87%$403.85
97,400 at 2.88%$404.37
97,400 at 2.89%$404.89
97,400 at 2.9%$405.41
97,400 at 2.91%$405.93
97,400 at 2.92%$406.45
97,400 at 2.93%$406.97
97,400 at 2.94%$407.50
97,400 at 2.95%$408.02
97,400 at 2.96%$408.54
97,400 at 2.97%$409.07
97,400 at 2.98%$409.59
97,400 at 2.99%$410.12
97,400 at 3%$410.64
97,400 at 3.01%$411.17
97,400 at 3.02%$411.69
97,400 at 3.03%$412.22
97,400 at 3.04%$412.75
97,400 at 3.05%$413.27
97,400 at 3.06%$413.80
97,400 at 3.07%$414.33
97,400 at 3.08%$414.86
97,400 at 3.09%$415.39
97,400 at 3.1%$415.91
97,400 at 3.11%$416.44
97,400 at 3.12%$416.97
97,400 at 3.13%$417.50
97,400 at 3.14%$418.03
97,400 at 3.15%$418.56
97,400 at 3.16%$419.09
97,400 at 3.17%$419.63
97,400 at 3.18%$420.16
97,400 at 3.19%$420.69
97,400 at 3.2%$421.22
97,400 at 3.21%$421.76
97,400 at 3.22%$422.29
97,400 at 3.23%$422.82
97,400 at 3.24%$423.36
97,400 at 3.25%$423.89
97,400 at 3.26%$424.43
97,400 at 3.27%$424.96
97,400 at 3.28%$425.50
97,400 at 3.29%$426.03
97,400 at 3.3%$426.57
97,400 at 3.31%$427.10
97,400 at 3.32%$427.64
97,400 at 3.33%$428.18
97,400 at 3.34%$428.72
97,400 at 3.35%$429.25
97,400 at 3.36%$429.79
97,400 at 3.37%$430.33
97,400 at 3.38%$430.87
97,400 at 3.39%$431.41
97,400 at 3.4%$431.95
97,400 at 3.41%$432.49
97,400 at 3.42%$433.03
97,400 at 3.43%$433.57
97,400 at 3.44%$434.11
97,400 at 3.45%$434.66
97,400 at 3.46%$435.20
97,400 at 3.47%$435.74
97,400 at 3.48%$436.28
97,400 at 3.49%$436.83
97,400 at 3.5%$437.37
Interest Rate 30 Year
97,400 at 3.51%$437.91
97,400 at 3.52%$438.46
97,400 at 3.53%$439.00
97,400 at 3.54%$439.55
97,400 at 3.55%$440.09
97,400 at 3.56%$440.64
97,400 at 3.57%$441.18
97,400 at 3.58%$441.73
97,400 at 3.59%$442.28
97,400 at 3.6%$442.82
97,400 at 3.61%$443.37
97,400 at 3.62%$443.92
97,400 at 3.63%$444.47
97,400 at 3.64%$445.02
97,400 at 3.65%$445.57
97,400 at 3.66%$446.11
97,400 at 3.67%$446.66
97,400 at 3.68%$447.21
97,400 at 3.69%$447.76
97,400 at 3.7%$448.32
97,400 at 3.71%$448.87
97,400 at 3.72%$449.42
97,400 at 3.73%$449.97
97,400 at 3.74%$450.52
97,400 at 3.75%$451.07
97,400 at 3.76%$451.63
97,400 at 3.77%$452.18
97,400 at 3.78%$452.73
97,400 at 3.79%$453.29
97,400 at 3.8%$453.84
97,400 at 3.81%$454.40
97,400 at 3.82%$454.95
97,400 at 3.83%$455.51
97,400 at 3.84%$456.06
97,400 at 3.85%$456.62
97,400 at 3.86%$457.18
97,400 at 3.87%$457.73
97,400 at 3.88%$458.29
97,400 at 3.89%$458.85
97,400 at 3.9%$459.40
97,400 at 3.91%$459.96
97,400 at 3.92%$460.52
97,400 at 3.93%$461.08
97,400 at 3.94%$461.64
97,400 at 3.95%$462.20
97,400 at 3.96%$462.76
97,400 at 3.97%$463.32
97,400 at 3.98%$463.88
97,400 at 3.99%$464.44
97,400 at 4%$465.00
97,400 at 4.01%$465.56
97,400 at 4.02%$466.13
97,400 at 4.03%$466.69
97,400 at 4.04%$467.25
97,400 at 4.05%$467.81
97,400 at 4.06%$468.38
97,400 at 4.07%$468.94
97,400 at 4.08%$469.51
97,400 at 4.09%$470.07
97,400 at 4.1%$470.64
97,400 at 4.11%$471.20
97,400 at 4.12%$471.77
97,400 at 4.13%$472.33
97,400 at 4.14%$472.90
97,400 at 4.15%$473.46
97,400 at 4.16%$474.03
97,400 at 4.17%$474.60
97,400 at 4.18%$475.17
97,400 at 4.19%$475.73
97,400 at 4.2%$476.30
97,400 at 4.21%$476.87
97,400 at 4.22%$477.44
97,400 at 4.23%$478.01
97,400 at 4.24%$478.58
97,400 at 4.25%$479.15
97,400 at 4.26%$479.72
97,400 at 4.27%$480.29
97,400 at 4.28%$480.86
97,400 at 4.29%$481.43
97,400 at 4.3%$482.00
97,400 at 4.31%$482.58
97,400 at 4.32%$483.15
97,400 at 4.33%$483.72
97,400 at 4.34%$484.30
97,400 at 4.35%$484.87
97,400 at 4.36%$485.44
97,400 at 4.37%$486.02
97,400 at 4.38%$486.59
97,400 at 4.39%$487.17
97,400 at 4.4%$487.74
97,400 at 4.41%$488.32
97,400 at 4.42%$488.89
97,400 at 4.43%$489.47
97,400 at 4.44%$490.05
97,400 at 4.45%$490.62
97,400 at 4.46%$491.20
97,400 at 4.47%$491.78
97,400 at 4.48%$492.35
97,400 at 4.49%$492.93
97,400 at 4.5%$493.51
97,400 at 4.51%$494.09
97,400 at 4.52%$494.67
97,400 at 4.53%$495.25
97,400 at 4.54%$495.83
97,400 at 4.55%$496.41
97,400 at 4.56%$496.99
97,400 at 4.57%$497.57
97,400 at 4.58%$498.15
97,400 at 4.59%$498.73
97,400 at 4.6%$499.32
97,400 at 4.61%$499.90
97,400 at 4.62%$500.48
97,400 at 4.63%$501.06
97,400 at 4.64%$501.65
97,400 at 4.65%$502.23
97,400 at 4.66%$502.81
97,400 at 4.67%$503.40
97,400 at 4.68%$503.98
97,400 at 4.69%$504.57
97,400 at 4.7%$505.15
97,400 at 4.71%$505.74
97,400 at 4.72%$506.32
97,400 at 4.73%$506.91
97,400 at 4.74%$507.50
97,400 at 4.75%$508.08
97,400 at 4.76%$508.67
97,400 at 4.77%$509.26
97,400 at 4.78%$509.85
97,400 at 4.79%$510.44
97,400 at 4.8%$511.02
97,400 at 4.81%$511.61
97,400 at 4.82%$512.20
97,400 at 4.83%$512.79
97,400 at 4.84%$513.38
97,400 at 4.85%$513.97
97,400 at 4.86%$514.56
97,400 at 4.87%$515.15
97,400 at 4.88%$515.74
97,400 at 4.89%$516.34
97,400 at 4.9%$516.93
97,400 at 4.91%$517.52
97,400 at 4.92%$518.11
97,400 at 4.93%$518.71
97,400 at 4.94%$519.30
97,400 at 4.95%$519.89
97,400 at 4.96%$520.49
97,400 at 4.97%$521.08
97,400 at 4.98%$521.67
97,400 at 4.99%$522.27
97,400 at 5%$522.86
Interest Rate 30 Year
97,400 at 5.01%$523.46
97,400 at 5.02%$524.06
97,400 at 5.03%$524.65
97,400 at 5.04%$525.25
97,400 at 5.05%$525.84
97,400 at 5.06%$526.44
97,400 at 5.07%$527.04
97,400 at 5.08%$527.64
97,400 at 5.09%$528.23
97,400 at 5.1%$528.83
97,400 at 5.11%$529.43
97,400 at 5.12%$530.03
97,400 at 5.13%$530.63
97,400 at 5.14%$531.23
97,400 at 5.15%$531.83
97,400 at 5.16%$532.43
97,400 at 5.17%$533.03
97,400 at 5.18%$533.63
97,400 at 5.19%$534.23
97,400 at 5.2%$534.83
97,400 at 5.21%$535.44
97,400 at 5.22%$536.04
97,400 at 5.23%$536.64
97,400 at 5.24%$537.24
97,400 at 5.25%$537.85
97,400 at 5.26%$538.45
97,400 at 5.27%$539.05
97,400 at 5.28%$539.66
97,400 at 5.29%$540.26
97,400 at 5.3%$540.87
97,400 at 5.31%$541.47
97,400 at 5.32%$542.08
97,400 at 5.33%$542.68
97,400 at 5.34%$543.29
97,400 at 5.35%$543.89
97,400 at 5.36%$544.50
97,400 at 5.37%$545.11
97,400 at 5.38%$545.72
97,400 at 5.39%$546.32
97,400 at 5.4%$546.93
97,400 at 5.41%$547.54
97,400 at 5.42%$548.15
97,400 at 5.43%$548.76
97,400 at 5.44%$549.37
97,400 at 5.45%$549.97
97,400 at 5.46%$550.58
97,400 at 5.47%$551.19
97,400 at 5.48%$551.80
97,400 at 5.49%$552.42
97,400 at 5.5%$553.03
97,400 at 5.51%$553.64
97,400 at 5.52%$554.25
97,400 at 5.53%$554.86
97,400 at 5.54%$555.47
97,400 at 5.55%$556.09
97,400 at 5.56%$556.70
97,400 at 5.57%$557.31
97,400 at 5.58%$557.93
97,400 at 5.59%$558.54
97,400 at 5.6%$559.15
97,400 at 5.61%$559.77
97,400 at 5.62%$560.38
97,400 at 5.63%$561.00
97,400 at 5.64%$561.61
97,400 at 5.65%$562.23
97,400 at 5.66%$562.84
97,400 at 5.67%$563.46
97,400 at 5.68%$564.08
97,400 at 5.69%$564.69
97,400 at 5.7%$565.31
97,400 at 5.71%$565.93
97,400 at 5.72%$566.55
97,400 at 5.73%$567.16
97,400 at 5.74%$567.78
97,400 at 5.75%$568.40
97,400 at 5.76%$569.02
97,400 at 5.77%$569.64
97,400 at 5.78%$570.26
97,400 at 5.79%$570.88
97,400 at 5.8%$571.50
97,400 at 5.81%$572.12
97,400 at 5.82%$572.74
97,400 at 5.83%$573.36
97,400 at 5.84%$573.98
97,400 at 5.85%$574.60
97,400 at 5.86%$575.22
97,400 at 5.87%$575.85
97,400 at 5.88%$576.47
97,400 at 5.89%$577.09
97,400 at 5.9%$577.71
97,400 at 5.91%$578.34
97,400 at 5.92%$578.96
97,400 at 5.93%$579.59
97,400 at 5.94%$580.21
97,400 at 5.95%$580.83
97,400 at 5.96%$581.46
97,400 at 5.97%$582.08
97,400 at 5.98%$582.71
97,400 at 5.99%$583.34
97,400 at 6%$583.96
97,400 at 6.01%$584.59
97,400 at 6.02%$585.22
97,400 at 6.03%$585.84
97,400 at 6.04%$586.47
97,400 at 6.05%$587.10
97,400 at 6.06%$587.72
97,400 at 6.07%$588.35
97,400 at 6.08%$588.98
97,400 at 6.09%$589.61
97,400 at 6.1%$590.24
97,400 at 6.11%$590.87
97,400 at 6.12%$591.50
97,400 at 6.13%$592.13
97,400 at 6.14%$592.76
97,400 at 6.15%$593.39
97,400 at 6.16%$594.02
97,400 at 6.17%$594.65
97,400 at 6.18%$595.28
97,400 at 6.19%$595.91
97,400 at 6.2%$596.54
97,400 at 6.21%$597.18
97,400 at 6.22%$597.81
97,400 at 6.23%$598.44
97,400 at 6.24%$599.08
97,400 at 6.25%$599.71
97,400 at 6.26%$600.34
97,400 at 6.27%$600.98
97,400 at 6.28%$601.61
97,400 at 6.29%$602.24
97,400 at 6.3%$602.88
97,400 at 6.31%$603.51
97,400 at 6.32%$604.15
97,400 at 6.33%$604.79
97,400 at 6.34%$605.42
97,400 at 6.35%$606.06
97,400 at 6.36%$606.69
97,400 at 6.37%$607.33
97,400 at 6.38%$607.97
97,400 at 6.39%$608.61
97,400 at 6.4%$609.24
97,400 at 6.41%$609.88
97,400 at 6.42%$610.52
97,400 at 6.43%$611.16
97,400 at 6.44%$611.80
97,400 at 6.45%$612.43
97,400 at 6.46%$613.07
97,400 at 6.47%$613.71
97,400 at 6.48%$614.35
97,400 at 6.49%$614.99
97,400 at 6.5%$615.63
Interest Rate 30 Year
97,400 at 6.51%$616.27
97,400 at 6.52%$616.92
97,400 at 6.53%$617.56
97,400 at 6.54%$618.20
97,400 at 6.55%$618.84
97,400 at 6.56%$619.48
97,400 at 6.57%$620.12
97,400 at 6.58%$620.77
97,400 at 6.59%$621.41
97,400 at 6.6%$622.05
97,400 at 6.61%$622.70
97,400 at 6.62%$623.34
97,400 at 6.63%$623.98
97,400 at 6.64%$624.63
97,400 at 6.65%$625.27
97,400 at 6.66%$625.92
97,400 at 6.67%$626.56
97,400 at 6.68%$627.21
97,400 at 6.69%$627.85
97,400 at 6.7%$628.50
97,400 at 6.71%$629.15
97,400 at 6.72%$629.79
97,400 at 6.73%$630.44
97,400 at 6.74%$631.09
97,400 at 6.75%$631.73
97,400 at 6.76%$632.38
97,400 at 6.77%$633.03
97,400 at 6.78%$633.68
97,400 at 6.79%$634.33
97,400 at 6.8%$634.98
97,400 at 6.81%$635.62
97,400 at 6.82%$636.27
97,400 at 6.83%$636.92
97,400 at 6.84%$637.57
97,400 at 6.85%$638.22
97,400 at 6.86%$638.87
97,400 at 6.87%$639.52
97,400 at 6.88%$640.17
97,400 at 6.89%$640.83
97,400 at 6.9%$641.48
97,400 at 6.91%$642.13
97,400 at 6.92%$642.78
97,400 at 6.93%$643.43
97,400 at 6.94%$644.08
97,400 at 6.95%$644.74
97,400 at 6.96%$645.39
97,400 at 6.97%$646.04
97,400 at 6.98%$646.70
97,400 at 6.99%$647.35
97,400 at 7%$648.00
97,400 at 7.01%$648.66
97,400 at 7.02%$649.31
97,400 at 7.03%$649.97
97,400 at 7.04%$650.62
97,400 at 7.05%$651.28
97,400 at 7.06%$651.93
97,400 at 7.07%$652.59
97,400 at 7.08%$653.25
97,400 at 7.09%$653.90
97,400 at 7.1%$654.56
97,400 at 7.11%$655.22
97,400 at 7.12%$655.87
97,400 at 7.13%$656.53
97,400 at 7.14%$657.19
97,400 at 7.15%$657.85
97,400 at 7.16%$658.50
97,400 at 7.17%$659.16
97,400 at 7.18%$659.82
97,400 at 7.19%$660.48
97,400 at 7.2%$661.14
97,400 at 7.21%$661.80
97,400 at 7.22%$662.46
97,400 at 7.23%$663.12
97,400 at 7.24%$663.78
97,400 at 7.25%$664.44
97,400 at 7.26%$665.10
97,400 at 7.27%$665.76
97,400 at 7.28%$666.42
97,400 at 7.29%$667.08
97,400 at 7.3%$667.75
97,400 at 7.31%$668.41
97,400 at 7.32%$669.07
97,400 at 7.33%$669.73
97,400 at 7.34%$670.40
97,400 at 7.35%$671.06
97,400 at 7.36%$671.72
97,400 at 7.37%$672.39
97,400 at 7.38%$673.05
97,400 at 7.39%$673.71
97,400 at 7.4%$674.38
97,400 at 7.41%$675.04
97,400 at 7.42%$675.71
97,400 at 7.43%$676.37
97,400 at 7.44%$677.04
97,400 at 7.45%$677.70
97,400 at 7.46%$678.37
97,400 at 7.47%$679.04
97,400 at 7.48%$679.70
97,400 at 7.49%$680.37
97,400 at 7.5%$681.03
97,400 at 7.51%$681.70
97,400 at 7.52%$682.37
97,400 at 7.53%$683.04
97,400 at 7.54%$683.70
97,400 at 7.55%$684.37
97,400 at 7.56%$685.04
97,400 at 7.57%$685.71
97,400 at 7.58%$686.38
97,400 at 7.59%$687.05
97,400 at 7.6%$687.72
97,400 at 7.61%$688.39
97,400 at 7.62%$689.06
97,400 at 7.63%$689.73
97,400 at 7.64%$690.40
97,400 at 7.65%$691.07
97,400 at 7.66%$691.74
97,400 at 7.67%$692.41
97,400 at 7.68%$693.08
97,400 at 7.69%$693.75
97,400 at 7.7%$694.42
97,400 at 7.71%$695.10
97,400 at 7.72%$695.77
97,400 at 7.73%$696.44
97,400 at 7.74%$697.11
97,400 at 7.75%$697.79
97,400 at 7.76%$698.46
97,400 at 7.77%$699.13
97,400 at 7.78%$699.81
97,400 at 7.79%$700.48
97,400 at 7.8%$701.15
97,400 at 7.81%$701.83
97,400 at 7.82%$702.50
97,400 at 7.83%$703.18
97,400 at 7.84%$703.85
97,400 at 7.85%$704.53
97,400 at 7.86%$705.20
97,400 at 7.87%$705.88
97,400 at 7.88%$706.56
97,400 at 7.89%$707.23
97,400 at 7.9%$707.91
97,400 at 7.91%$708.59
97,400 at 7.92%$709.26
97,400 at 7.93%$709.94
97,400 at 7.94%$710.62
97,400 at 7.95%$711.29
97,400 at 7.96%$711.97
97,400 at 7.97%$712.65
97,400 at 7.98%$713.33
97,400 at 7.99%$714.01
97,400 at 8%$714.69
More Amounts
What is the down payment for a $97,400 house? How much do you need to put down?
Percent Down Down Payment
1%974
2%1,948
3%2,922
4%3,896
5%4,870
6%5,844
7%6,818
8%7,792
9%8,766
10%9,740
11%10,714
12%11,688
13%12,662
14%13,636
15%14,610
16%15,584
17%16,558
18%17,532
19%18,506
20%19,480
Percent Down Down Payment
21%20,454
22%21,428
23%22,402
24%23,376
25%24,350
26%25,324
27%26,298
28%27,272
29%28,246
30%29,220
31%30,194
32%31,168
33%32,142
34%33,116
35%34,090
36%35,064
37%36,038
38%37,012
39%37,986
40%38,960
Percent Down Down Payment
41%39,934
42%40,908
43%41,882
44%42,856
45%43,830
46%44,804
47%45,778
48%46,752
49%47,726
50%48,700
51%49,674
52%50,648
53%51,622
54%52,596
55%53,570
56%54,544
57%55,518
58%56,492
59%57,466
60%58,440
Percent Down Down Payment
61%59,414
62%60,388
63%61,362
64%62,336
65%63,310
66%64,284
67%65,258
68%66,232
69%67,206
70%68,180
71%69,154
72%70,128
73%71,102
74%72,076
75%73,050
76%74,024
77%74,998
78%75,972
79%76,946
80%77,920
Percent Down Down Payment
81%78,894
82%79,868
83%80,842
84%81,816
85%82,790
86%83,764
87%84,738
88%85,712
89%86,686
90%87,660
91%88,634
92%89,608
93%90,582
94%91,556
95%92,530
96%93,504
97%94,478
98%95,452
99%96,426
100%97,400
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.