$98,050 Mortgage for 30 Years

What is the monthly payment of a 98,050 dollar loan?
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Loan Tables for a $98,050 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 98k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $98,050 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
98,050 at 2.01%$362.90
98,050 at 2.02%$363.39
98,050 at 2.03%$363.88
98,050 at 2.04%$364.38
98,050 at 2.05%$364.87
98,050 at 2.06%$365.36
98,050 at 2.07%$365.85
98,050 at 2.08%$366.35
98,050 at 2.09%$366.84
98,050 at 2.1%$367.33
98,050 at 2.11%$367.83
98,050 at 2.12%$368.32
98,050 at 2.13%$368.82
98,050 at 2.14%$369.31
98,050 at 2.15%$369.81
98,050 at 2.16%$370.31
98,050 at 2.17%$370.80
98,050 at 2.18%$371.30
98,050 at 2.19%$371.80
98,050 at 2.2%$372.30
98,050 at 2.21%$372.80
98,050 at 2.22%$373.29
98,050 at 2.23%$373.79
98,050 at 2.24%$374.29
98,050 at 2.25%$374.79
98,050 at 2.26%$375.29
98,050 at 2.27%$375.79
98,050 at 2.28%$376.29
98,050 at 2.29%$376.80
98,050 at 2.3%$377.30
98,050 at 2.31%$377.80
98,050 at 2.32%$378.30
98,050 at 2.33%$378.81
98,050 at 2.34%$379.31
98,050 at 2.35%$379.81
98,050 at 2.36%$380.32
98,050 at 2.37%$380.82
98,050 at 2.38%$381.33
98,050 at 2.39%$381.83
98,050 at 2.4%$382.34
98,050 at 2.41%$382.84
98,050 at 2.42%$383.35
98,050 at 2.43%$383.86
98,050 at 2.44%$384.36
98,050 at 2.45%$384.87
98,050 at 2.46%$385.38
98,050 at 2.47%$385.89
98,050 at 2.48%$386.40
98,050 at 2.49%$386.91
98,050 at 2.5%$387.42
98,050 at 2.51%$387.93
98,050 at 2.52%$388.44
98,050 at 2.53%$388.95
98,050 at 2.54%$389.46
98,050 at 2.55%$389.97
98,050 at 2.56%$390.48
98,050 at 2.57%$390.99
98,050 at 2.58%$391.51
98,050 at 2.59%$392.02
98,050 at 2.6%$392.53
98,050 at 2.61%$393.05
98,050 at 2.62%$393.56
98,050 at 2.63%$394.08
98,050 at 2.64%$394.59
98,050 at 2.65%$395.11
98,050 at 2.66%$395.62
98,050 at 2.67%$396.14
98,050 at 2.68%$396.65
98,050 at 2.69%$397.17
98,050 at 2.7%$397.69
98,050 at 2.71%$398.21
98,050 at 2.72%$398.72
98,050 at 2.73%$399.24
98,050 at 2.74%$399.76
98,050 at 2.75%$400.28
98,050 at 2.76%$400.80
98,050 at 2.77%$401.32
98,050 at 2.78%$401.84
98,050 at 2.79%$402.36
98,050 at 2.8%$402.88
98,050 at 2.81%$403.40
98,050 at 2.82%$403.93
98,050 at 2.83%$404.45
98,050 at 2.84%$404.97
98,050 at 2.85%$405.49
98,050 at 2.86%$406.02
98,050 at 2.87%$406.54
98,050 at 2.88%$407.06
98,050 at 2.89%$407.59
98,050 at 2.9%$408.11
98,050 at 2.91%$408.64
98,050 at 2.92%$409.16
98,050 at 2.93%$409.69
98,050 at 2.94%$410.22
98,050 at 2.95%$410.74
98,050 at 2.96%$411.27
98,050 at 2.97%$411.80
98,050 at 2.98%$412.33
98,050 at 2.99%$412.85
98,050 at 3%$413.38
98,050 at 3.01%$413.91
98,050 at 3.02%$414.44
98,050 at 3.03%$414.97
98,050 at 3.04%$415.50
98,050 at 3.05%$416.03
98,050 at 3.06%$416.56
98,050 at 3.07%$417.09
98,050 at 3.08%$417.63
98,050 at 3.09%$418.16
98,050 at 3.1%$418.69
98,050 at 3.11%$419.22
98,050 at 3.12%$419.76
98,050 at 3.13%$420.29
98,050 at 3.14%$420.82
98,050 at 3.15%$421.36
98,050 at 3.16%$421.89
98,050 at 3.17%$422.43
98,050 at 3.18%$422.96
98,050 at 3.19%$423.50
98,050 at 3.2%$424.03
98,050 at 3.21%$424.57
98,050 at 3.22%$425.11
98,050 at 3.23%$425.64
98,050 at 3.24%$426.18
98,050 at 3.25%$426.72
98,050 at 3.26%$427.26
98,050 at 3.27%$427.80
98,050 at 3.28%$428.34
98,050 at 3.29%$428.88
98,050 at 3.3%$429.42
98,050 at 3.31%$429.96
98,050 at 3.32%$430.50
98,050 at 3.33%$431.04
98,050 at 3.34%$431.58
98,050 at 3.35%$432.12
98,050 at 3.36%$432.66
98,050 at 3.37%$433.20
98,050 at 3.38%$433.75
98,050 at 3.39%$434.29
98,050 at 3.4%$434.83
98,050 at 3.41%$435.38
98,050 at 3.42%$435.92
98,050 at 3.43%$436.47
98,050 at 3.44%$437.01
98,050 at 3.45%$437.56
98,050 at 3.46%$438.10
98,050 at 3.47%$438.65
98,050 at 3.48%$439.19
98,050 at 3.49%$439.74
98,050 at 3.5%$440.29
Interest Rate 30 Year
98,050 at 3.51%$440.84
98,050 at 3.52%$441.38
98,050 at 3.53%$441.93
98,050 at 3.54%$442.48
98,050 at 3.55%$443.03
98,050 at 3.56%$443.58
98,050 at 3.57%$444.13
98,050 at 3.58%$444.68
98,050 at 3.59%$445.23
98,050 at 3.6%$445.78
98,050 at 3.61%$446.33
98,050 at 3.62%$446.88
98,050 at 3.63%$447.43
98,050 at 3.64%$447.99
98,050 at 3.65%$448.54
98,050 at 3.66%$449.09
98,050 at 3.67%$449.65
98,050 at 3.68%$450.20
98,050 at 3.69%$450.75
98,050 at 3.7%$451.31
98,050 at 3.71%$451.86
98,050 at 3.72%$452.42
98,050 at 3.73%$452.97
98,050 at 3.74%$453.53
98,050 at 3.75%$454.08
98,050 at 3.76%$454.64
98,050 at 3.77%$455.20
98,050 at 3.78%$455.76
98,050 at 3.79%$456.31
98,050 at 3.8%$456.87
98,050 at 3.81%$457.43
98,050 at 3.82%$457.99
98,050 at 3.83%$458.55
98,050 at 3.84%$459.11
98,050 at 3.85%$459.67
98,050 at 3.86%$460.23
98,050 at 3.87%$460.79
98,050 at 3.88%$461.35
98,050 at 3.89%$461.91
98,050 at 3.9%$462.47
98,050 at 3.91%$463.03
98,050 at 3.92%$463.59
98,050 at 3.93%$464.16
98,050 at 3.94%$464.72
98,050 at 3.95%$465.28
98,050 at 3.96%$465.85
98,050 at 3.97%$466.41
98,050 at 3.98%$466.98
98,050 at 3.99%$467.54
98,050 at 4%$468.11
98,050 at 4.01%$468.67
98,050 at 4.02%$469.24
98,050 at 4.03%$469.80
98,050 at 4.04%$470.37
98,050 at 4.05%$470.94
98,050 at 4.06%$471.50
98,050 at 4.07%$472.07
98,050 at 4.08%$472.64
98,050 at 4.09%$473.21
98,050 at 4.1%$473.78
98,050 at 4.11%$474.34
98,050 at 4.12%$474.91
98,050 at 4.13%$475.48
98,050 at 4.14%$476.05
98,050 at 4.15%$476.62
98,050 at 4.16%$477.20
98,050 at 4.17%$477.77
98,050 at 4.18%$478.34
98,050 at 4.19%$478.91
98,050 at 4.2%$479.48
98,050 at 4.21%$480.05
98,050 at 4.22%$480.63
98,050 at 4.23%$481.20
98,050 at 4.24%$481.77
98,050 at 4.25%$482.35
98,050 at 4.26%$482.92
98,050 at 4.27%$483.50
98,050 at 4.28%$484.07
98,050 at 4.29%$484.65
98,050 at 4.3%$485.22
98,050 at 4.31%$485.80
98,050 at 4.32%$486.37
98,050 at 4.33%$486.95
98,050 at 4.34%$487.53
98,050 at 4.35%$488.10
98,050 at 4.36%$488.68
98,050 at 4.37%$489.26
98,050 at 4.38%$489.84
98,050 at 4.39%$490.42
98,050 at 4.4%$491.00
98,050 at 4.41%$491.58
98,050 at 4.42%$492.16
98,050 at 4.43%$492.74
98,050 at 4.44%$493.32
98,050 at 4.45%$493.90
98,050 at 4.46%$494.48
98,050 at 4.47%$495.06
98,050 at 4.48%$495.64
98,050 at 4.49%$496.22
98,050 at 4.5%$496.80
98,050 at 4.51%$497.39
98,050 at 4.52%$497.97
98,050 at 4.53%$498.55
98,050 at 4.54%$499.14
98,050 at 4.55%$499.72
98,050 at 4.56%$500.31
98,050 at 4.57%$500.89
98,050 at 4.58%$501.48
98,050 at 4.59%$502.06
98,050 at 4.6%$502.65
98,050 at 4.61%$503.23
98,050 at 4.62%$503.82
98,050 at 4.63%$504.41
98,050 at 4.64%$504.99
98,050 at 4.65%$505.58
98,050 at 4.66%$506.17
98,050 at 4.67%$506.76
98,050 at 4.68%$507.35
98,050 at 4.69%$507.94
98,050 at 4.7%$508.52
98,050 at 4.71%$509.11
98,050 at 4.72%$509.70
98,050 at 4.73%$510.29
98,050 at 4.74%$510.88
98,050 at 4.75%$511.48
98,050 at 4.76%$512.07
98,050 at 4.77%$512.66
98,050 at 4.78%$513.25
98,050 at 4.79%$513.84
98,050 at 4.8%$514.43
98,050 at 4.81%$515.03
98,050 at 4.82%$515.62
98,050 at 4.83%$516.21
98,050 at 4.84%$516.81
98,050 at 4.85%$517.40
98,050 at 4.86%$518.00
98,050 at 4.87%$518.59
98,050 at 4.88%$519.19
98,050 at 4.89%$519.78
98,050 at 4.9%$520.38
98,050 at 4.91%$520.97
98,050 at 4.92%$521.57
98,050 at 4.93%$522.17
98,050 at 4.94%$522.76
98,050 at 4.95%$523.36
98,050 at 4.96%$523.96
98,050 at 4.97%$524.56
98,050 at 4.98%$525.16
98,050 at 4.99%$525.75
98,050 at 5%$526.35
Interest Rate 30 Year
98,050 at 5.01%$526.95
98,050 at 5.02%$527.55
98,050 at 5.03%$528.15
98,050 at 5.04%$528.75
98,050 at 5.05%$529.35
98,050 at 5.06%$529.95
98,050 at 5.07%$530.56
98,050 at 5.08%$531.16
98,050 at 5.09%$531.76
98,050 at 5.1%$532.36
98,050 at 5.11%$532.96
98,050 at 5.12%$533.57
98,050 at 5.13%$534.17
98,050 at 5.14%$534.77
98,050 at 5.15%$535.38
98,050 at 5.16%$535.98
98,050 at 5.17%$536.59
98,050 at 5.18%$537.19
98,050 at 5.19%$537.80
98,050 at 5.2%$538.40
98,050 at 5.21%$539.01
98,050 at 5.22%$539.62
98,050 at 5.23%$540.22
98,050 at 5.24%$540.83
98,050 at 5.25%$541.44
98,050 at 5.26%$542.04
98,050 at 5.27%$542.65
98,050 at 5.28%$543.26
98,050 at 5.29%$543.87
98,050 at 5.3%$544.48
98,050 at 5.31%$545.09
98,050 at 5.32%$545.69
98,050 at 5.33%$546.30
98,050 at 5.34%$546.91
98,050 at 5.35%$547.52
98,050 at 5.36%$548.14
98,050 at 5.37%$548.75
98,050 at 5.38%$549.36
98,050 at 5.39%$549.97
98,050 at 5.4%$550.58
98,050 at 5.41%$551.19
98,050 at 5.42%$551.81
98,050 at 5.43%$552.42
98,050 at 5.44%$553.03
98,050 at 5.45%$553.65
98,050 at 5.46%$554.26
98,050 at 5.47%$554.87
98,050 at 5.48%$555.49
98,050 at 5.49%$556.10
98,050 at 5.5%$556.72
98,050 at 5.51%$557.33
98,050 at 5.52%$557.95
98,050 at 5.53%$558.56
98,050 at 5.54%$559.18
98,050 at 5.55%$559.80
98,050 at 5.56%$560.41
98,050 at 5.57%$561.03
98,050 at 5.58%$561.65
98,050 at 5.59%$562.27
98,050 at 5.6%$562.88
98,050 at 5.61%$563.50
98,050 at 5.62%$564.12
98,050 at 5.63%$564.74
98,050 at 5.64%$565.36
98,050 at 5.65%$565.98
98,050 at 5.66%$566.60
98,050 at 5.67%$567.22
98,050 at 5.68%$567.84
98,050 at 5.69%$568.46
98,050 at 5.7%$569.08
98,050 at 5.71%$569.70
98,050 at 5.72%$570.33
98,050 at 5.73%$570.95
98,050 at 5.74%$571.57
98,050 at 5.75%$572.19
98,050 at 5.76%$572.82
98,050 at 5.77%$573.44
98,050 at 5.78%$574.06
98,050 at 5.79%$574.69
98,050 at 5.8%$575.31
98,050 at 5.81%$575.94
98,050 at 5.82%$576.56
98,050 at 5.83%$577.19
98,050 at 5.84%$577.81
98,050 at 5.85%$578.44
98,050 at 5.86%$579.06
98,050 at 5.87%$579.69
98,050 at 5.88%$580.32
98,050 at 5.89%$580.94
98,050 at 5.9%$581.57
98,050 at 5.91%$582.20
98,050 at 5.92%$582.83
98,050 at 5.93%$583.45
98,050 at 5.94%$584.08
98,050 at 5.95%$584.71
98,050 at 5.96%$585.34
98,050 at 5.97%$585.97
98,050 at 5.98%$586.60
98,050 at 5.99%$587.23
98,050 at 6%$587.86
98,050 at 6.01%$588.49
98,050 at 6.02%$589.12
98,050 at 6.03%$589.75
98,050 at 6.04%$590.38
98,050 at 6.05%$591.01
98,050 at 6.06%$591.65
98,050 at 6.07%$592.28
98,050 at 6.08%$592.91
98,050 at 6.09%$593.54
98,050 at 6.1%$594.18
98,050 at 6.11%$594.81
98,050 at 6.12%$595.45
98,050 at 6.13%$596.08
98,050 at 6.14%$596.71
98,050 at 6.15%$597.35
98,050 at 6.16%$597.98
98,050 at 6.17%$598.62
98,050 at 6.18%$599.25
98,050 at 6.19%$599.89
98,050 at 6.2%$600.53
98,050 at 6.21%$601.16
98,050 at 6.22%$601.80
98,050 at 6.23%$602.44
98,050 at 6.24%$603.07
98,050 at 6.25%$603.71
98,050 at 6.26%$604.35
98,050 at 6.27%$604.99
98,050 at 6.28%$605.63
98,050 at 6.29%$606.26
98,050 at 6.3%$606.90
98,050 at 6.31%$607.54
98,050 at 6.32%$608.18
98,050 at 6.33%$608.82
98,050 at 6.34%$609.46
98,050 at 6.35%$610.10
98,050 at 6.36%$610.74
98,050 at 6.37%$611.38
98,050 at 6.38%$612.03
98,050 at 6.39%$612.67
98,050 at 6.4%$613.31
98,050 at 6.41%$613.95
98,050 at 6.42%$614.59
98,050 at 6.43%$615.24
98,050 at 6.44%$615.88
98,050 at 6.45%$616.52
98,050 at 6.46%$617.17
98,050 at 6.47%$617.81
98,050 at 6.48%$618.45
98,050 at 6.49%$619.10
98,050 at 6.5%$619.74
Interest Rate 30 Year
98,050 at 6.51%$620.39
98,050 at 6.52%$621.03
98,050 at 6.53%$621.68
98,050 at 6.54%$622.32
98,050 at 6.55%$622.97
98,050 at 6.56%$623.62
98,050 at 6.57%$624.26
98,050 at 6.58%$624.91
98,050 at 6.59%$625.56
98,050 at 6.6%$626.20
98,050 at 6.61%$626.85
98,050 at 6.62%$627.50
98,050 at 6.63%$628.15
98,050 at 6.64%$628.80
98,050 at 6.65%$629.45
98,050 at 6.66%$630.10
98,050 at 6.67%$630.75
98,050 at 6.68%$631.39
98,050 at 6.69%$632.04
98,050 at 6.7%$632.70
98,050 at 6.71%$633.35
98,050 at 6.72%$634.00
98,050 at 6.73%$634.65
98,050 at 6.74%$635.30
98,050 at 6.75%$635.95
98,050 at 6.76%$636.60
98,050 at 6.77%$637.25
98,050 at 6.78%$637.91
98,050 at 6.79%$638.56
98,050 at 6.8%$639.21
98,050 at 6.81%$639.87
98,050 at 6.82%$640.52
98,050 at 6.83%$641.17
98,050 at 6.84%$641.83
98,050 at 6.85%$642.48
98,050 at 6.86%$643.14
98,050 at 6.87%$643.79
98,050 at 6.88%$644.45
98,050 at 6.89%$645.10
98,050 at 6.9%$645.76
98,050 at 6.91%$646.41
98,050 at 6.92%$647.07
98,050 at 6.93%$647.73
98,050 at 6.94%$648.38
98,050 at 6.95%$649.04
98,050 at 6.96%$649.70
98,050 at 6.97%$650.35
98,050 at 6.98%$651.01
98,050 at 6.99%$651.67
98,050 at 7%$652.33
98,050 at 7.01%$652.99
98,050 at 7.02%$653.65
98,050 at 7.03%$654.31
98,050 at 7.04%$654.97
98,050 at 7.05%$655.62
98,050 at 7.06%$656.28
98,050 at 7.07%$656.95
98,050 at 7.08%$657.61
98,050 at 7.09%$658.27
98,050 at 7.1%$658.93
98,050 at 7.11%$659.59
98,050 at 7.12%$660.25
98,050 at 7.13%$660.91
98,050 at 7.14%$661.57
98,050 at 7.15%$662.24
98,050 at 7.16%$662.90
98,050 at 7.17%$663.56
98,050 at 7.18%$664.22
98,050 at 7.19%$664.89
98,050 at 7.2%$665.55
98,050 at 7.21%$666.22
98,050 at 7.22%$666.88
98,050 at 7.23%$667.54
98,050 at 7.24%$668.21
98,050 at 7.25%$668.87
98,050 at 7.26%$669.54
98,050 at 7.27%$670.20
98,050 at 7.28%$670.87
98,050 at 7.29%$671.54
98,050 at 7.3%$672.20
98,050 at 7.31%$672.87
98,050 at 7.32%$673.54
98,050 at 7.33%$674.20
98,050 at 7.34%$674.87
98,050 at 7.35%$675.54
98,050 at 7.36%$676.20
98,050 at 7.37%$676.87
98,050 at 7.38%$677.54
98,050 at 7.39%$678.21
98,050 at 7.4%$678.88
98,050 at 7.41%$679.55
98,050 at 7.42%$680.22
98,050 at 7.43%$680.89
98,050 at 7.44%$681.56
98,050 at 7.45%$682.23
98,050 at 7.46%$682.90
98,050 at 7.47%$683.57
98,050 at 7.48%$684.24
98,050 at 7.49%$684.91
98,050 at 7.5%$685.58
98,050 at 7.51%$686.25
98,050 at 7.52%$686.92
98,050 at 7.53%$687.60
98,050 at 7.54%$688.27
98,050 at 7.55%$688.94
98,050 at 7.56%$689.61
98,050 at 7.57%$690.29
98,050 at 7.58%$690.96
98,050 at 7.59%$691.63
98,050 at 7.6%$692.31
98,050 at 7.61%$692.98
98,050 at 7.62%$693.65
98,050 at 7.63%$694.33
98,050 at 7.64%$695.00
98,050 at 7.65%$695.68
98,050 at 7.66%$696.35
98,050 at 7.67%$697.03
98,050 at 7.68%$697.71
98,050 at 7.69%$698.38
98,050 at 7.7%$699.06
98,050 at 7.71%$699.73
98,050 at 7.72%$700.41
98,050 at 7.73%$701.09
98,050 at 7.74%$701.76
98,050 at 7.75%$702.44
98,050 at 7.76%$703.12
98,050 at 7.77%$703.80
98,050 at 7.78%$704.48
98,050 at 7.79%$705.15
98,050 at 7.8%$705.83
98,050 at 7.81%$706.51
98,050 at 7.82%$707.19
98,050 at 7.83%$707.87
98,050 at 7.84%$708.55
98,050 at 7.85%$709.23
98,050 at 7.86%$709.91
98,050 at 7.87%$710.59
98,050 at 7.88%$711.27
98,050 at 7.89%$711.95
98,050 at 7.9%$712.63
98,050 at 7.91%$713.31
98,050 at 7.92%$714.00
98,050 at 7.93%$714.68
98,050 at 7.94%$715.36
98,050 at 7.95%$716.04
98,050 at 7.96%$716.72
98,050 at 7.97%$717.41
98,050 at 7.98%$718.09
98,050 at 7.99%$718.77
98,050 at 8%$719.46
More Amounts
What is the down payment for a $98,050 house? How much do you need to put down?
Percent Down Down Payment
1%981
2%1,961
3%2,942
4%3,922
5%4,903
6%5,883
7%6,864
8%7,844
9%8,825
10%9,805
11%10,786
12%11,766
13%12,747
14%13,727
15%14,708
16%15,688
17%16,669
18%17,649
19%18,630
20%19,610
Percent Down Down Payment
21%20,591
22%21,571
23%22,552
24%23,532
25%24,513
26%25,493
27%26,474
28%27,454
29%28,435
30%29,415
31%30,396
32%31,376
33%32,357
34%33,337
35%34,318
36%35,298
37%36,279
38%37,259
39%38,240
40%39,220
Percent Down Down Payment
41%40,201
42%41,181
43%42,162
44%43,142
45%44,123
46%45,103
47%46,084
48%47,064
49%48,045
50%49,025
51%50,006
52%50,986
53%51,967
54%52,947
55%53,928
56%54,908
57%55,889
58%56,869
59%57,850
60%58,830
Percent Down Down Payment
61%59,811
62%60,791
63%61,772
64%62,752
65%63,733
66%64,713
67%65,694
68%66,674
69%67,655
70%68,635
71%69,616
72%70,596
73%71,577
74%72,557
75%73,538
76%74,518
77%75,499
78%76,479
79%77,460
80%78,440
Percent Down Down Payment
81%79,421
82%80,401
83%81,382
84%82,362
85%83,343
86%84,323
87%85,304
88%86,284
89%87,265
90%88,245
91%89,226
92%90,206
93%91,187
94%92,167
95%93,148
96%94,128
97%95,109
98%96,089
99%97,070
100%98,050
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.