$98,750 Mortgage for 30 Years

What is the monthly payment of a 98,750 dollar loan?
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Loan Tables for a $98,750 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 99k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $98,750 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
98,750 at 2.01%$365.49
98,750 at 2.02%$365.99
98,750 at 2.03%$366.48
98,750 at 2.04%$366.98
98,750 at 2.05%$367.47
98,750 at 2.06%$367.97
98,750 at 2.07%$368.47
98,750 at 2.08%$368.96
98,750 at 2.09%$369.46
98,750 at 2.1%$369.96
98,750 at 2.11%$370.46
98,750 at 2.12%$370.95
98,750 at 2.13%$371.45
98,750 at 2.14%$371.95
98,750 at 2.15%$372.45
98,750 at 2.16%$372.95
98,750 at 2.17%$373.45
98,750 at 2.18%$373.95
98,750 at 2.19%$374.45
98,750 at 2.2%$374.95
98,750 at 2.21%$375.46
98,750 at 2.22%$375.96
98,750 at 2.23%$376.46
98,750 at 2.24%$376.96
98,750 at 2.25%$377.47
98,750 at 2.26%$377.97
98,750 at 2.27%$378.48
98,750 at 2.28%$378.98
98,750 at 2.29%$379.49
98,750 at 2.3%$379.99
98,750 at 2.31%$380.50
98,750 at 2.32%$381.00
98,750 at 2.33%$381.51
98,750 at 2.34%$382.02
98,750 at 2.35%$382.52
98,750 at 2.36%$383.03
98,750 at 2.37%$383.54
98,750 at 2.38%$384.05
98,750 at 2.39%$384.56
98,750 at 2.4%$385.07
98,750 at 2.41%$385.58
98,750 at 2.42%$386.09
98,750 at 2.43%$386.60
98,750 at 2.44%$387.11
98,750 at 2.45%$387.62
98,750 at 2.46%$388.13
98,750 at 2.47%$388.64
98,750 at 2.48%$389.16
98,750 at 2.49%$389.67
98,750 at 2.5%$390.18
98,750 at 2.51%$390.70
98,750 at 2.52%$391.21
98,750 at 2.53%$391.72
98,750 at 2.54%$392.24
98,750 at 2.55%$392.75
98,750 at 2.56%$393.27
98,750 at 2.57%$393.79
98,750 at 2.58%$394.30
98,750 at 2.59%$394.82
98,750 at 2.6%$395.34
98,750 at 2.61%$395.85
98,750 at 2.62%$396.37
98,750 at 2.63%$396.89
98,750 at 2.64%$397.41
98,750 at 2.65%$397.93
98,750 at 2.66%$398.45
98,750 at 2.67%$398.97
98,750 at 2.68%$399.49
98,750 at 2.69%$400.01
98,750 at 2.7%$400.53
98,750 at 2.71%$401.05
98,750 at 2.72%$401.57
98,750 at 2.73%$402.09
98,750 at 2.74%$402.62
98,750 at 2.75%$403.14
98,750 at 2.76%$403.66
98,750 at 2.77%$404.19
98,750 at 2.78%$404.71
98,750 at 2.79%$405.23
98,750 at 2.8%$405.76
98,750 at 2.81%$406.28
98,750 at 2.82%$406.81
98,750 at 2.83%$407.33
98,750 at 2.84%$407.86
98,750 at 2.85%$408.39
98,750 at 2.86%$408.91
98,750 at 2.87%$409.44
98,750 at 2.88%$409.97
98,750 at 2.89%$410.50
98,750 at 2.9%$411.03
98,750 at 2.91%$411.56
98,750 at 2.92%$412.09
98,750 at 2.93%$412.62
98,750 at 2.94%$413.15
98,750 at 2.95%$413.68
98,750 at 2.96%$414.21
98,750 at 2.97%$414.74
98,750 at 2.98%$415.27
98,750 at 2.99%$415.80
98,750 at 3%$416.33
98,750 at 3.01%$416.87
98,750 at 3.02%$417.40
98,750 at 3.03%$417.93
98,750 at 3.04%$418.47
98,750 at 3.05%$419.00
98,750 at 3.06%$419.54
98,750 at 3.07%$420.07
98,750 at 3.08%$420.61
98,750 at 3.09%$421.14
98,750 at 3.1%$421.68
98,750 at 3.11%$422.22
98,750 at 3.12%$422.75
98,750 at 3.13%$423.29
98,750 at 3.14%$423.83
98,750 at 3.15%$424.37
98,750 at 3.16%$424.90
98,750 at 3.17%$425.44
98,750 at 3.18%$425.98
98,750 at 3.19%$426.52
98,750 at 3.2%$427.06
98,750 at 3.21%$427.60
98,750 at 3.22%$428.14
98,750 at 3.23%$428.68
98,750 at 3.24%$429.22
98,750 at 3.25%$429.77
98,750 at 3.26%$430.31
98,750 at 3.27%$430.85
98,750 at 3.28%$431.39
98,750 at 3.29%$431.94
98,750 at 3.3%$432.48
98,750 at 3.31%$433.02
98,750 at 3.32%$433.57
98,750 at 3.33%$434.11
98,750 at 3.34%$434.66
98,750 at 3.35%$435.20
98,750 at 3.36%$435.75
98,750 at 3.37%$436.30
98,750 at 3.38%$436.84
98,750 at 3.39%$437.39
98,750 at 3.4%$437.94
98,750 at 3.41%$438.49
98,750 at 3.42%$439.03
98,750 at 3.43%$439.58
98,750 at 3.44%$440.13
98,750 at 3.45%$440.68
98,750 at 3.46%$441.23
98,750 at 3.47%$441.78
98,750 at 3.48%$442.33
98,750 at 3.49%$442.88
98,750 at 3.5%$443.43
Interest Rate 30 Year
98,750 at 3.51%$443.98
98,750 at 3.52%$444.53
98,750 at 3.53%$445.09
98,750 at 3.54%$445.64
98,750 at 3.55%$446.19
98,750 at 3.56%$446.75
98,750 at 3.57%$447.30
98,750 at 3.58%$447.85
98,750 at 3.59%$448.41
98,750 at 3.6%$448.96
98,750 at 3.61%$449.52
98,750 at 3.62%$450.07
98,750 at 3.63%$450.63
98,750 at 3.64%$451.18
98,750 at 3.65%$451.74
98,750 at 3.66%$452.30
98,750 at 3.67%$452.86
98,750 at 3.68%$453.41
98,750 at 3.69%$453.97
98,750 at 3.7%$454.53
98,750 at 3.71%$455.09
98,750 at 3.72%$455.65
98,750 at 3.73%$456.21
98,750 at 3.74%$456.77
98,750 at 3.75%$457.33
98,750 at 3.76%$457.89
98,750 at 3.77%$458.45
98,750 at 3.78%$459.01
98,750 at 3.79%$459.57
98,750 at 3.8%$460.13
98,750 at 3.81%$460.70
98,750 at 3.82%$461.26
98,750 at 3.83%$461.82
98,750 at 3.84%$462.38
98,750 at 3.85%$462.95
98,750 at 3.86%$463.51
98,750 at 3.87%$464.08
98,750 at 3.88%$464.64
98,750 at 3.89%$465.21
98,750 at 3.9%$465.77
98,750 at 3.91%$466.34
98,750 at 3.92%$466.90
98,750 at 3.93%$467.47
98,750 at 3.94%$468.04
98,750 at 3.95%$468.61
98,750 at 3.96%$469.17
98,750 at 3.97%$469.74
98,750 at 3.98%$470.31
98,750 at 3.99%$470.88
98,750 at 4%$471.45
98,750 at 4.01%$472.02
98,750 at 4.02%$472.59
98,750 at 4.03%$473.16
98,750 at 4.04%$473.73
98,750 at 4.05%$474.30
98,750 at 4.06%$474.87
98,750 at 4.07%$475.44
98,750 at 4.08%$476.01
98,750 at 4.09%$476.59
98,750 at 4.1%$477.16
98,750 at 4.11%$477.73
98,750 at 4.12%$478.30
98,750 at 4.13%$478.88
98,750 at 4.14%$479.45
98,750 at 4.15%$480.03
98,750 at 4.16%$480.60
98,750 at 4.17%$481.18
98,750 at 4.18%$481.75
98,750 at 4.19%$482.33
98,750 at 4.2%$482.90
98,750 at 4.21%$483.48
98,750 at 4.22%$484.06
98,750 at 4.23%$484.64
98,750 at 4.24%$485.21
98,750 at 4.25%$485.79
98,750 at 4.26%$486.37
98,750 at 4.27%$486.95
98,750 at 4.28%$487.53
98,750 at 4.29%$488.11
98,750 at 4.3%$488.69
98,750 at 4.31%$489.27
98,750 at 4.32%$489.85
98,750 at 4.33%$490.43
98,750 at 4.34%$491.01
98,750 at 4.35%$491.59
98,750 at 4.36%$492.17
98,750 at 4.37%$492.75
98,750 at 4.38%$493.34
98,750 at 4.39%$493.92
98,750 at 4.4%$494.50
98,750 at 4.41%$495.08
98,750 at 4.42%$495.67
98,750 at 4.43%$496.25
98,750 at 4.44%$496.84
98,750 at 4.45%$497.42
98,750 at 4.46%$498.01
98,750 at 4.47%$498.59
98,750 at 4.48%$499.18
98,750 at 4.49%$499.77
98,750 at 4.5%$500.35
98,750 at 4.51%$500.94
98,750 at 4.52%$501.53
98,750 at 4.53%$502.11
98,750 at 4.54%$502.70
98,750 at 4.55%$503.29
98,750 at 4.56%$503.88
98,750 at 4.57%$504.47
98,750 at 4.58%$505.06
98,750 at 4.59%$505.65
98,750 at 4.6%$506.24
98,750 at 4.61%$506.83
98,750 at 4.62%$507.42
98,750 at 4.63%$508.01
98,750 at 4.64%$508.60
98,750 at 4.65%$509.19
98,750 at 4.66%$509.78
98,750 at 4.67%$510.38
98,750 at 4.68%$510.97
98,750 at 4.69%$511.56
98,750 at 4.7%$512.15
98,750 at 4.71%$512.75
98,750 at 4.72%$513.34
98,750 at 4.73%$513.94
98,750 at 4.74%$514.53
98,750 at 4.75%$515.13
98,750 at 4.76%$515.72
98,750 at 4.77%$516.32
98,750 at 4.78%$516.91
98,750 at 4.79%$517.51
98,750 at 4.8%$518.11
98,750 at 4.81%$518.70
98,750 at 4.82%$519.30
98,750 at 4.83%$519.90
98,750 at 4.84%$520.50
98,750 at 4.85%$521.10
98,750 at 4.86%$521.69
98,750 at 4.87%$522.29
98,750 at 4.88%$522.89
98,750 at 4.89%$523.49
98,750 at 4.9%$524.09
98,750 at 4.91%$524.69
98,750 at 4.92%$525.29
98,750 at 4.93%$525.89
98,750 at 4.94%$526.50
98,750 at 4.95%$527.10
98,750 at 4.96%$527.70
98,750 at 4.97%$528.30
98,750 at 4.98%$528.90
98,750 at 4.99%$529.51
98,750 at 5%$530.11
Interest Rate 30 Year
98,750 at 5.01%$530.72
98,750 at 5.02%$531.32
98,750 at 5.03%$531.92
98,750 at 5.04%$532.53
98,750 at 5.05%$533.13
98,750 at 5.06%$533.74
98,750 at 5.07%$534.34
98,750 at 5.08%$534.95
98,750 at 5.09%$535.56
98,750 at 5.1%$536.16
98,750 at 5.11%$536.77
98,750 at 5.12%$537.38
98,750 at 5.13%$537.98
98,750 at 5.14%$538.59
98,750 at 5.15%$539.20
98,750 at 5.16%$539.81
98,750 at 5.17%$540.42
98,750 at 5.18%$541.03
98,750 at 5.19%$541.64
98,750 at 5.2%$542.25
98,750 at 5.21%$542.86
98,750 at 5.22%$543.47
98,750 at 5.23%$544.08
98,750 at 5.24%$544.69
98,750 at 5.25%$545.30
98,750 at 5.26%$545.91
98,750 at 5.27%$546.53
98,750 at 5.28%$547.14
98,750 at 5.29%$547.75
98,750 at 5.3%$548.36
98,750 at 5.31%$548.98
98,750 at 5.32%$549.59
98,750 at 5.33%$550.20
98,750 at 5.34%$550.82
98,750 at 5.35%$551.43
98,750 at 5.36%$552.05
98,750 at 5.37%$552.66
98,750 at 5.38%$553.28
98,750 at 5.39%$553.90
98,750 at 5.4%$554.51
98,750 at 5.41%$555.13
98,750 at 5.42%$555.75
98,750 at 5.43%$556.36
98,750 at 5.44%$556.98
98,750 at 5.45%$557.60
98,750 at 5.46%$558.22
98,750 at 5.47%$558.83
98,750 at 5.48%$559.45
98,750 at 5.49%$560.07
98,750 at 5.5%$560.69
98,750 at 5.51%$561.31
98,750 at 5.52%$561.93
98,750 at 5.53%$562.55
98,750 at 5.54%$563.17
98,750 at 5.55%$563.79
98,750 at 5.56%$564.41
98,750 at 5.57%$565.04
98,750 at 5.58%$565.66
98,750 at 5.59%$566.28
98,750 at 5.6%$566.90
98,750 at 5.61%$567.53
98,750 at 5.62%$568.15
98,750 at 5.63%$568.77
98,750 at 5.64%$569.40
98,750 at 5.65%$570.02
98,750 at 5.66%$570.64
98,750 at 5.67%$571.27
98,750 at 5.68%$571.89
98,750 at 5.69%$572.52
98,750 at 5.7%$573.15
98,750 at 5.71%$573.77
98,750 at 5.72%$574.40
98,750 at 5.73%$575.02
98,750 at 5.74%$575.65
98,750 at 5.75%$576.28
98,750 at 5.76%$576.91
98,750 at 5.77%$577.53
98,750 at 5.78%$578.16
98,750 at 5.79%$578.79
98,750 at 5.8%$579.42
98,750 at 5.81%$580.05
98,750 at 5.82%$580.68
98,750 at 5.83%$581.31
98,750 at 5.84%$581.94
98,750 at 5.85%$582.57
98,750 at 5.86%$583.20
98,750 at 5.87%$583.83
98,750 at 5.88%$584.46
98,750 at 5.89%$585.09
98,750 at 5.9%$585.72
98,750 at 5.91%$586.35
98,750 at 5.92%$586.99
98,750 at 5.93%$587.62
98,750 at 5.94%$588.25
98,750 at 5.95%$588.89
98,750 at 5.96%$589.52
98,750 at 5.97%$590.15
98,750 at 5.98%$590.79
98,750 at 5.99%$591.42
98,750 at 6%$592.06
98,750 at 6.01%$592.69
98,750 at 6.02%$593.33
98,750 at 6.03%$593.96
98,750 at 6.04%$594.60
98,750 at 6.05%$595.23
98,750 at 6.06%$595.87
98,750 at 6.07%$596.51
98,750 at 6.08%$597.14
98,750 at 6.09%$597.78
98,750 at 6.1%$598.42
98,750 at 6.11%$599.06
98,750 at 6.12%$599.70
98,750 at 6.13%$600.33
98,750 at 6.14%$600.97
98,750 at 6.15%$601.61
98,750 at 6.16%$602.25
98,750 at 6.17%$602.89
98,750 at 6.18%$603.53
98,750 at 6.19%$604.17
98,750 at 6.2%$604.81
98,750 at 6.21%$605.45
98,750 at 6.22%$606.10
98,750 at 6.23%$606.74
98,750 at 6.24%$607.38
98,750 at 6.25%$608.02
98,750 at 6.26%$608.66
98,750 at 6.27%$609.31
98,750 at 6.28%$609.95
98,750 at 6.29%$610.59
98,750 at 6.3%$611.24
98,750 at 6.31%$611.88
98,750 at 6.32%$612.52
98,750 at 6.33%$613.17
98,750 at 6.34%$613.81
98,750 at 6.35%$614.46
98,750 at 6.36%$615.10
98,750 at 6.37%$615.75
98,750 at 6.38%$616.39
98,750 at 6.39%$617.04
98,750 at 6.4%$617.69
98,750 at 6.41%$618.33
98,750 at 6.42%$618.98
98,750 at 6.43%$619.63
98,750 at 6.44%$620.28
98,750 at 6.45%$620.92
98,750 at 6.46%$621.57
98,750 at 6.47%$622.22
98,750 at 6.48%$622.87
98,750 at 6.49%$623.52
98,750 at 6.5%$624.17
Interest Rate 30 Year
98,750 at 6.51%$624.82
98,750 at 6.52%$625.47
98,750 at 6.53%$626.12
98,750 at 6.54%$626.77
98,750 at 6.55%$627.42
98,750 at 6.56%$628.07
98,750 at 6.57%$628.72
98,750 at 6.58%$629.37
98,750 at 6.59%$630.02
98,750 at 6.6%$630.68
98,750 at 6.61%$631.33
98,750 at 6.62%$631.98
98,750 at 6.63%$632.63
98,750 at 6.64%$633.29
98,750 at 6.65%$633.94
98,750 at 6.66%$634.59
98,750 at 6.67%$635.25
98,750 at 6.68%$635.90
98,750 at 6.69%$636.56
98,750 at 6.7%$637.21
98,750 at 6.71%$637.87
98,750 at 6.72%$638.52
98,750 at 6.73%$639.18
98,750 at 6.74%$639.83
98,750 at 6.75%$640.49
98,750 at 6.76%$641.15
98,750 at 6.77%$641.80
98,750 at 6.78%$642.46
98,750 at 6.79%$643.12
98,750 at 6.8%$643.78
98,750 at 6.81%$644.43
98,750 at 6.82%$645.09
98,750 at 6.83%$645.75
98,750 at 6.84%$646.41
98,750 at 6.85%$647.07
98,750 at 6.86%$647.73
98,750 at 6.87%$648.39
98,750 at 6.88%$649.05
98,750 at 6.89%$649.71
98,750 at 6.9%$650.37
98,750 at 6.91%$651.03
98,750 at 6.92%$651.69
98,750 at 6.93%$652.35
98,750 at 6.94%$653.01
98,750 at 6.95%$653.67
98,750 at 6.96%$654.34
98,750 at 6.97%$655.00
98,750 at 6.98%$655.66
98,750 at 6.99%$656.32
98,750 at 7%$656.99
98,750 at 7.01%$657.65
98,750 at 7.02%$658.31
98,750 at 7.03%$658.98
98,750 at 7.04%$659.64
98,750 at 7.05%$660.31
98,750 at 7.06%$660.97
98,750 at 7.07%$661.64
98,750 at 7.08%$662.30
98,750 at 7.09%$662.97
98,750 at 7.1%$663.63
98,750 at 7.11%$664.30
98,750 at 7.12%$664.96
98,750 at 7.13%$665.63
98,750 at 7.14%$666.30
98,750 at 7.15%$666.96
98,750 at 7.16%$667.63
98,750 at 7.17%$668.30
98,750 at 7.18%$668.97
98,750 at 7.19%$669.63
98,750 at 7.2%$670.30
98,750 at 7.21%$670.97
98,750 at 7.22%$671.64
98,750 at 7.23%$672.31
98,750 at 7.24%$672.98
98,750 at 7.25%$673.65
98,750 at 7.26%$674.32
98,750 at 7.27%$674.99
98,750 at 7.28%$675.66
98,750 at 7.29%$676.33
98,750 at 7.3%$677.00
98,750 at 7.31%$677.67
98,750 at 7.32%$678.34
98,750 at 7.33%$679.02
98,750 at 7.34%$679.69
98,750 at 7.35%$680.36
98,750 at 7.36%$681.03
98,750 at 7.37%$681.71
98,750 at 7.38%$682.38
98,750 at 7.39%$683.05
98,750 at 7.4%$683.73
98,750 at 7.41%$684.40
98,750 at 7.42%$685.07
98,750 at 7.43%$685.75
98,750 at 7.44%$686.42
98,750 at 7.45%$687.10
98,750 at 7.46%$687.77
98,750 at 7.47%$688.45
98,750 at 7.48%$689.12
98,750 at 7.49%$689.80
98,750 at 7.5%$690.47
98,750 at 7.51%$691.15
98,750 at 7.52%$691.83
98,750 at 7.53%$692.50
98,750 at 7.54%$693.18
98,750 at 7.55%$693.86
98,750 at 7.56%$694.54
98,750 at 7.57%$695.21
98,750 at 7.58%$695.89
98,750 at 7.59%$696.57
98,750 at 7.6%$697.25
98,750 at 7.61%$697.93
98,750 at 7.62%$698.61
98,750 at 7.63%$699.29
98,750 at 7.64%$699.97
98,750 at 7.65%$700.65
98,750 at 7.66%$701.33
98,750 at 7.67%$702.01
98,750 at 7.68%$702.69
98,750 at 7.69%$703.37
98,750 at 7.7%$704.05
98,750 at 7.71%$704.73
98,750 at 7.72%$705.41
98,750 at 7.73%$706.09
98,750 at 7.74%$706.77
98,750 at 7.75%$707.46
98,750 at 7.76%$708.14
98,750 at 7.77%$708.82
98,750 at 7.78%$709.51
98,750 at 7.79%$710.19
98,750 at 7.8%$710.87
98,750 at 7.81%$711.56
98,750 at 7.82%$712.24
98,750 at 7.83%$712.92
98,750 at 7.84%$713.61
98,750 at 7.85%$714.29
98,750 at 7.86%$714.98
98,750 at 7.87%$715.66
98,750 at 7.88%$716.35
98,750 at 7.89%$717.03
98,750 at 7.9%$717.72
98,750 at 7.91%$718.41
98,750 at 7.92%$719.09
98,750 at 7.93%$719.78
98,750 at 7.94%$720.47
98,750 at 7.95%$721.15
98,750 at 7.96%$721.84
98,750 at 7.97%$722.53
98,750 at 7.98%$723.22
98,750 at 7.99%$723.90
98,750 at 8%$724.59
More Amounts
What is the down payment for a $98,750 house? How much do you need to put down?
Percent Down Down Payment
1%988
2%1,975
3%2,963
4%3,950
5%4,938
6%5,925
7%6,913
8%7,900
9%8,888
10%9,875
11%10,863
12%11,850
13%12,838
14%13,825
15%14,813
16%15,800
17%16,788
18%17,775
19%18,763
20%19,750
Percent Down Down Payment
21%20,738
22%21,725
23%22,713
24%23,700
25%24,688
26%25,675
27%26,663
28%27,650
29%28,638
30%29,625
31%30,613
32%31,600
33%32,588
34%33,575
35%34,563
36%35,550
37%36,538
38%37,525
39%38,513
40%39,500
Percent Down Down Payment
41%40,488
42%41,475
43%42,463
44%43,450
45%44,438
46%45,425
47%46,413
48%47,400
49%48,388
50%49,375
51%50,363
52%51,350
53%52,338
54%53,325
55%54,313
56%55,300
57%56,288
58%57,275
59%58,263
60%59,250
Percent Down Down Payment
61%60,238
62%61,225
63%62,213
64%63,200
65%64,188
66%65,175
67%66,163
68%67,150
69%68,138
70%69,125
71%70,113
72%71,100
73%72,088
74%73,075
75%74,063
76%75,050
77%76,038
78%77,025
79%78,013
80%79,000
Percent Down Down Payment
81%79,988
82%80,975
83%81,963
84%82,950
85%83,938
86%84,925
87%85,913
88%86,900
89%87,888
90%88,875
91%89,863
92%90,850
93%91,838
94%92,825
95%93,813
96%94,800
97%95,788
98%96,775
99%97,763
100%98,750
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.