$98,800 Mortgage for 30 Years

What is the monthly payment of a 98,800 dollar loan?
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Loan Tables for a $98,800 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 $98,800 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
98,800 at 2.01%$365.68
98,800 at 2.02%$366.17
98,800 at 2.03%$366.67
98,800 at 2.04%$367.16
98,800 at 2.05%$367.66
98,800 at 2.06%$368.16
98,800 at 2.07%$368.65
98,800 at 2.08%$369.15
98,800 at 2.09%$369.65
98,800 at 2.1%$370.14
98,800 at 2.11%$370.64
98,800 at 2.12%$371.14
98,800 at 2.13%$371.64
98,800 at 2.14%$372.14
98,800 at 2.15%$372.64
98,800 at 2.16%$373.14
98,800 at 2.17%$373.64
98,800 at 2.18%$374.14
98,800 at 2.19%$374.64
98,800 at 2.2%$375.14
98,800 at 2.21%$375.65
98,800 at 2.22%$376.15
98,800 at 2.23%$376.65
98,800 at 2.24%$377.16
98,800 at 2.25%$377.66
98,800 at 2.26%$378.16
98,800 at 2.27%$378.67
98,800 at 2.28%$379.17
98,800 at 2.29%$379.68
98,800 at 2.3%$380.18
98,800 at 2.31%$380.69
98,800 at 2.32%$381.20
98,800 at 2.33%$381.70
98,800 at 2.34%$382.21
98,800 at 2.35%$382.72
98,800 at 2.36%$383.23
98,800 at 2.37%$383.73
98,800 at 2.38%$384.24
98,800 at 2.39%$384.75
98,800 at 2.4%$385.26
98,800 at 2.41%$385.77
98,800 at 2.42%$386.28
98,800 at 2.43%$386.79
98,800 at 2.44%$387.30
98,800 at 2.45%$387.82
98,800 at 2.46%$388.33
98,800 at 2.47%$388.84
98,800 at 2.48%$389.35
98,800 at 2.49%$389.87
98,800 at 2.5%$390.38
98,800 at 2.51%$390.89
98,800 at 2.52%$391.41
98,800 at 2.53%$391.92
98,800 at 2.54%$392.44
98,800 at 2.55%$392.95
98,800 at 2.56%$393.47
98,800 at 2.57%$393.98
98,800 at 2.58%$394.50
98,800 at 2.59%$395.02
98,800 at 2.6%$395.54
98,800 at 2.61%$396.05
98,800 at 2.62%$396.57
98,800 at 2.63%$397.09
98,800 at 2.64%$397.61
98,800 at 2.65%$398.13
98,800 at 2.66%$398.65
98,800 at 2.67%$399.17
98,800 at 2.68%$399.69
98,800 at 2.69%$400.21
98,800 at 2.7%$400.73
98,800 at 2.71%$401.25
98,800 at 2.72%$401.77
98,800 at 2.73%$402.30
98,800 at 2.74%$402.82
98,800 at 2.75%$403.34
98,800 at 2.76%$403.87
98,800 at 2.77%$404.39
98,800 at 2.78%$404.91
98,800 at 2.79%$405.44
98,800 at 2.8%$405.96
98,800 at 2.81%$406.49
98,800 at 2.82%$407.01
98,800 at 2.83%$407.54
98,800 at 2.84%$408.07
98,800 at 2.85%$408.59
98,800 at 2.86%$409.12
98,800 at 2.87%$409.65
98,800 at 2.88%$410.18
98,800 at 2.89%$410.71
98,800 at 2.9%$411.24
98,800 at 2.91%$411.76
98,800 at 2.92%$412.29
98,800 at 2.93%$412.82
98,800 at 2.94%$413.35
98,800 at 2.95%$413.89
98,800 at 2.96%$414.42
98,800 at 2.97%$414.95
98,800 at 2.98%$415.48
98,800 at 2.99%$416.01
98,800 at 3%$416.54
98,800 at 3.01%$417.08
98,800 at 3.02%$417.61
98,800 at 3.03%$418.15
98,800 at 3.04%$418.68
98,800 at 3.05%$419.21
98,800 at 3.06%$419.75
98,800 at 3.07%$420.28
98,800 at 3.08%$420.82
98,800 at 3.09%$421.36
98,800 at 3.1%$421.89
98,800 at 3.11%$422.43
98,800 at 3.12%$422.97
98,800 at 3.13%$423.50
98,800 at 3.14%$424.04
98,800 at 3.15%$424.58
98,800 at 3.16%$425.12
98,800 at 3.17%$425.66
98,800 at 3.18%$426.20
98,800 at 3.19%$426.74
98,800 at 3.2%$427.28
98,800 at 3.21%$427.82
98,800 at 3.22%$428.36
98,800 at 3.23%$428.90
98,800 at 3.24%$429.44
98,800 at 3.25%$429.98
98,800 at 3.26%$430.53
98,800 at 3.27%$431.07
98,800 at 3.28%$431.61
98,800 at 3.29%$432.16
98,800 at 3.3%$432.70
98,800 at 3.31%$433.24
98,800 at 3.32%$433.79
98,800 at 3.33%$434.33
98,800 at 3.34%$434.88
98,800 at 3.35%$435.42
98,800 at 3.36%$435.97
98,800 at 3.37%$436.52
98,800 at 3.38%$437.06
98,800 at 3.39%$437.61
98,800 at 3.4%$438.16
98,800 at 3.41%$438.71
98,800 at 3.42%$439.26
98,800 at 3.43%$439.80
98,800 at 3.44%$440.35
98,800 at 3.45%$440.90
98,800 at 3.46%$441.45
98,800 at 3.47%$442.00
98,800 at 3.48%$442.55
98,800 at 3.49%$443.10
98,800 at 3.5%$443.66
Interest Rate 30 Year
98,800 at 3.51%$444.21
98,800 at 3.52%$444.76
98,800 at 3.53%$445.31
98,800 at 3.54%$445.87
98,800 at 3.55%$446.42
98,800 at 3.56%$446.97
98,800 at 3.57%$447.53
98,800 at 3.58%$448.08
98,800 at 3.59%$448.63
98,800 at 3.6%$449.19
98,800 at 3.61%$449.74
98,800 at 3.62%$450.30
98,800 at 3.63%$450.86
98,800 at 3.64%$451.41
98,800 at 3.65%$451.97
98,800 at 3.66%$452.53
98,800 at 3.67%$453.08
98,800 at 3.68%$453.64
98,800 at 3.69%$454.20
98,800 at 3.7%$454.76
98,800 at 3.71%$455.32
98,800 at 3.72%$455.88
98,800 at 3.73%$456.44
98,800 at 3.74%$457.00
98,800 at 3.75%$457.56
98,800 at 3.76%$458.12
98,800 at 3.77%$458.68
98,800 at 3.78%$459.24
98,800 at 3.79%$459.80
98,800 at 3.8%$460.37
98,800 at 3.81%$460.93
98,800 at 3.82%$461.49
98,800 at 3.83%$462.05
98,800 at 3.84%$462.62
98,800 at 3.85%$463.18
98,800 at 3.86%$463.75
98,800 at 3.87%$464.31
98,800 at 3.88%$464.88
98,800 at 3.89%$465.44
98,800 at 3.9%$466.01
98,800 at 3.91%$466.57
98,800 at 3.92%$467.14
98,800 at 3.93%$467.71
98,800 at 3.94%$468.28
98,800 at 3.95%$468.84
98,800 at 3.96%$469.41
98,800 at 3.97%$469.98
98,800 at 3.98%$470.55
98,800 at 3.99%$471.12
98,800 at 4%$471.69
98,800 at 4.01%$472.26
98,800 at 4.02%$472.83
98,800 at 4.03%$473.40
98,800 at 4.04%$473.97
98,800 at 4.05%$474.54
98,800 at 4.06%$475.11
98,800 at 4.07%$475.68
98,800 at 4.08%$476.25
98,800 at 4.09%$476.83
98,800 at 4.1%$477.40
98,800 at 4.11%$477.97
98,800 at 4.12%$478.55
98,800 at 4.13%$479.12
98,800 at 4.14%$479.70
98,800 at 4.15%$480.27
98,800 at 4.16%$480.85
98,800 at 4.17%$481.42
98,800 at 4.18%$482.00
98,800 at 4.19%$482.57
98,800 at 4.2%$483.15
98,800 at 4.21%$483.73
98,800 at 4.22%$484.30
98,800 at 4.23%$484.88
98,800 at 4.24%$485.46
98,800 at 4.25%$486.04
98,800 at 4.26%$486.62
98,800 at 4.27%$487.19
98,800 at 4.28%$487.77
98,800 at 4.29%$488.35
98,800 at 4.3%$488.93
98,800 at 4.31%$489.51
98,800 at 4.32%$490.09
98,800 at 4.33%$490.67
98,800 at 4.34%$491.26
98,800 at 4.35%$491.84
98,800 at 4.36%$492.42
98,800 at 4.37%$493.00
98,800 at 4.38%$493.59
98,800 at 4.39%$494.17
98,800 at 4.4%$494.75
98,800 at 4.41%$495.34
98,800 at 4.42%$495.92
98,800 at 4.43%$496.50
98,800 at 4.44%$497.09
98,800 at 4.45%$497.67
98,800 at 4.46%$498.26
98,800 at 4.47%$498.85
98,800 at 4.48%$499.43
98,800 at 4.49%$500.02
98,800 at 4.5%$500.61
98,800 at 4.51%$501.19
98,800 at 4.52%$501.78
98,800 at 4.53%$502.37
98,800 at 4.54%$502.96
98,800 at 4.55%$503.54
98,800 at 4.56%$504.13
98,800 at 4.57%$504.72
98,800 at 4.58%$505.31
98,800 at 4.59%$505.90
98,800 at 4.6%$506.49
98,800 at 4.61%$507.08
98,800 at 4.62%$507.67
98,800 at 4.63%$508.27
98,800 at 4.64%$508.86
98,800 at 4.65%$509.45
98,800 at 4.66%$510.04
98,800 at 4.67%$510.63
98,800 at 4.68%$511.23
98,800 at 4.69%$511.82
98,800 at 4.7%$512.41
98,800 at 4.71%$513.01
98,800 at 4.72%$513.60
98,800 at 4.73%$514.20
98,800 at 4.74%$514.79
98,800 at 4.75%$515.39
98,800 at 4.76%$515.98
98,800 at 4.77%$516.58
98,800 at 4.78%$517.18
98,800 at 4.79%$517.77
98,800 at 4.8%$518.37
98,800 at 4.81%$518.97
98,800 at 4.82%$519.56
98,800 at 4.83%$520.16
98,800 at 4.84%$520.76
98,800 at 4.85%$521.36
98,800 at 4.86%$521.96
98,800 at 4.87%$522.56
98,800 at 4.88%$523.16
98,800 at 4.89%$523.76
98,800 at 4.9%$524.36
98,800 at 4.91%$524.96
98,800 at 4.92%$525.56
98,800 at 4.93%$526.16
98,800 at 4.94%$526.76
98,800 at 4.95%$527.36
98,800 at 4.96%$527.97
98,800 at 4.97%$528.57
98,800 at 4.98%$529.17
98,800 at 4.99%$529.78
98,800 at 5%$530.38
Interest Rate 30 Year
98,800 at 5.01%$530.98
98,800 at 5.02%$531.59
98,800 at 5.03%$532.19
98,800 at 5.04%$532.80
98,800 at 5.05%$533.40
98,800 at 5.06%$534.01
98,800 at 5.07%$534.61
98,800 at 5.08%$535.22
98,800 at 5.09%$535.83
98,800 at 5.1%$536.43
98,800 at 5.11%$537.04
98,800 at 5.12%$537.65
98,800 at 5.13%$538.26
98,800 at 5.14%$538.87
98,800 at 5.15%$539.47
98,800 at 5.16%$540.08
98,800 at 5.17%$540.69
98,800 at 5.18%$541.30
98,800 at 5.19%$541.91
98,800 at 5.2%$542.52
98,800 at 5.21%$543.13
98,800 at 5.22%$543.74
98,800 at 5.23%$544.35
98,800 at 5.24%$544.97
98,800 at 5.25%$545.58
98,800 at 5.26%$546.19
98,800 at 5.27%$546.80
98,800 at 5.28%$547.41
98,800 at 5.29%$548.03
98,800 at 5.3%$548.64
98,800 at 5.31%$549.25
98,800 at 5.32%$549.87
98,800 at 5.33%$550.48
98,800 at 5.34%$551.10
98,800 at 5.35%$551.71
98,800 at 5.36%$552.33
98,800 at 5.37%$552.94
98,800 at 5.38%$553.56
98,800 at 5.39%$554.18
98,800 at 5.4%$554.79
98,800 at 5.41%$555.41
98,800 at 5.42%$556.03
98,800 at 5.43%$556.64
98,800 at 5.44%$557.26
98,800 at 5.45%$557.88
98,800 at 5.46%$558.50
98,800 at 5.47%$559.12
98,800 at 5.48%$559.74
98,800 at 5.49%$560.36
98,800 at 5.5%$560.98
98,800 at 5.51%$561.60
98,800 at 5.52%$562.22
98,800 at 5.53%$562.84
98,800 at 5.54%$563.46
98,800 at 5.55%$564.08
98,800 at 5.56%$564.70
98,800 at 5.57%$565.32
98,800 at 5.58%$565.94
98,800 at 5.59%$566.57
98,800 at 5.6%$567.19
98,800 at 5.61%$567.81
98,800 at 5.62%$568.44
98,800 at 5.63%$569.06
98,800 at 5.64%$569.68
98,800 at 5.65%$570.31
98,800 at 5.66%$570.93
98,800 at 5.67%$571.56
98,800 at 5.68%$572.18
98,800 at 5.69%$572.81
98,800 at 5.7%$573.44
98,800 at 5.71%$574.06
98,800 at 5.72%$574.69
98,800 at 5.73%$575.32
98,800 at 5.74%$575.94
98,800 at 5.75%$576.57
98,800 at 5.76%$577.20
98,800 at 5.77%$577.83
98,800 at 5.78%$578.45
98,800 at 5.79%$579.08
98,800 at 5.8%$579.71
98,800 at 5.81%$580.34
98,800 at 5.82%$580.97
98,800 at 5.83%$581.60
98,800 at 5.84%$582.23
98,800 at 5.85%$582.86
98,800 at 5.86%$583.49
98,800 at 5.87%$584.12
98,800 at 5.88%$584.76
98,800 at 5.89%$585.39
98,800 at 5.9%$586.02
98,800 at 5.91%$586.65
98,800 at 5.92%$587.28
98,800 at 5.93%$587.92
98,800 at 5.94%$588.55
98,800 at 5.95%$589.18
98,800 at 5.96%$589.82
98,800 at 5.97%$590.45
98,800 at 5.98%$591.09
98,800 at 5.99%$591.72
98,800 at 6%$592.36
98,800 at 6.01%$592.99
98,800 at 6.02%$593.63
98,800 at 6.03%$594.26
98,800 at 6.04%$594.90
98,800 at 6.05%$595.54
98,800 at 6.06%$596.17
98,800 at 6.07%$596.81
98,800 at 6.08%$597.45
98,800 at 6.09%$598.08
98,800 at 6.1%$598.72
98,800 at 6.11%$599.36
98,800 at 6.12%$600.00
98,800 at 6.13%$600.64
98,800 at 6.14%$601.28
98,800 at 6.15%$601.92
98,800 at 6.16%$602.56
98,800 at 6.17%$603.20
98,800 at 6.18%$603.84
98,800 at 6.19%$604.48
98,800 at 6.2%$605.12
98,800 at 6.21%$605.76
98,800 at 6.22%$606.40
98,800 at 6.23%$607.04
98,800 at 6.24%$607.69
98,800 at 6.25%$608.33
98,800 at 6.26%$608.97
98,800 at 6.27%$609.61
98,800 at 6.28%$610.26
98,800 at 6.29%$610.90
98,800 at 6.3%$611.55
98,800 at 6.31%$612.19
98,800 at 6.32%$612.83
98,800 at 6.33%$613.48
98,800 at 6.34%$614.12
98,800 at 6.35%$614.77
98,800 at 6.36%$615.41
98,800 at 6.37%$616.06
98,800 at 6.38%$616.71
98,800 at 6.39%$617.35
98,800 at 6.4%$618.00
98,800 at 6.41%$618.65
98,800 at 6.42%$619.29
98,800 at 6.43%$619.94
98,800 at 6.44%$620.59
98,800 at 6.45%$621.24
98,800 at 6.46%$621.89
98,800 at 6.47%$622.54
98,800 at 6.48%$623.18
98,800 at 6.49%$623.83
98,800 at 6.5%$624.48
Interest Rate 30 Year
98,800 at 6.51%$625.13
98,800 at 6.52%$625.78
98,800 at 6.53%$626.43
98,800 at 6.54%$627.08
98,800 at 6.55%$627.74
98,800 at 6.56%$628.39
98,800 at 6.57%$629.04
98,800 at 6.58%$629.69
98,800 at 6.59%$630.34
98,800 at 6.6%$630.99
98,800 at 6.61%$631.65
98,800 at 6.62%$632.30
98,800 at 6.63%$632.95
98,800 at 6.64%$633.61
98,800 at 6.65%$634.26
98,800 at 6.66%$634.92
98,800 at 6.67%$635.57
98,800 at 6.68%$636.22
98,800 at 6.69%$636.88
98,800 at 6.7%$637.53
98,800 at 6.71%$638.19
98,800 at 6.72%$638.85
98,800 at 6.73%$639.50
98,800 at 6.74%$640.16
98,800 at 6.75%$640.81
98,800 at 6.76%$641.47
98,800 at 6.77%$642.13
98,800 at 6.78%$642.79
98,800 at 6.79%$643.44
98,800 at 6.8%$644.10
98,800 at 6.81%$644.76
98,800 at 6.82%$645.42
98,800 at 6.83%$646.08
98,800 at 6.84%$646.74
98,800 at 6.85%$647.40
98,800 at 6.86%$648.06
98,800 at 6.87%$648.72
98,800 at 6.88%$649.38
98,800 at 6.89%$650.04
98,800 at 6.9%$650.70
98,800 at 6.91%$651.36
98,800 at 6.92%$652.02
98,800 at 6.93%$652.68
98,800 at 6.94%$653.34
98,800 at 6.95%$654.00
98,800 at 6.96%$654.67
98,800 at 6.97%$655.33
98,800 at 6.98%$655.99
98,800 at 6.99%$656.66
98,800 at 7%$657.32
98,800 at 7.01%$657.98
98,800 at 7.02%$658.65
98,800 at 7.03%$659.31
98,800 at 7.04%$659.98
98,800 at 7.05%$660.64
98,800 at 7.06%$661.30
98,800 at 7.07%$661.97
98,800 at 7.08%$662.64
98,800 at 7.09%$663.30
98,800 at 7.1%$663.97
98,800 at 7.11%$664.63
98,800 at 7.12%$665.30
98,800 at 7.13%$665.97
98,800 at 7.14%$666.63
98,800 at 7.15%$667.30
98,800 at 7.16%$667.97
98,800 at 7.17%$668.64
98,800 at 7.18%$669.31
98,800 at 7.19%$669.97
98,800 at 7.2%$670.64
98,800 at 7.21%$671.31
98,800 at 7.22%$671.98
98,800 at 7.23%$672.65
98,800 at 7.24%$673.32
98,800 at 7.25%$673.99
98,800 at 7.26%$674.66
98,800 at 7.27%$675.33
98,800 at 7.28%$676.00
98,800 at 7.29%$676.67
98,800 at 7.3%$677.34
98,800 at 7.31%$678.02
98,800 at 7.32%$678.69
98,800 at 7.33%$679.36
98,800 at 7.34%$680.03
98,800 at 7.35%$680.70
98,800 at 7.36%$681.38
98,800 at 7.37%$682.05
98,800 at 7.38%$682.72
98,800 at 7.39%$683.40
98,800 at 7.4%$684.07
98,800 at 7.41%$684.75
98,800 at 7.42%$685.42
98,800 at 7.43%$686.09
98,800 at 7.44%$686.77
98,800 at 7.45%$687.44
98,800 at 7.46%$688.12
98,800 at 7.47%$688.80
98,800 at 7.48%$689.47
98,800 at 7.49%$690.15
98,800 at 7.5%$690.82
98,800 at 7.51%$691.50
98,800 at 7.52%$692.18
98,800 at 7.53%$692.85
98,800 at 7.54%$693.53
98,800 at 7.55%$694.21
98,800 at 7.56%$694.89
98,800 at 7.57%$695.57
98,800 at 7.58%$696.24
98,800 at 7.59%$696.92
98,800 at 7.6%$697.60
98,800 at 7.61%$698.28
98,800 at 7.62%$698.96
98,800 at 7.63%$699.64
98,800 at 7.64%$700.32
98,800 at 7.65%$701.00
98,800 at 7.66%$701.68
98,800 at 7.67%$702.36
98,800 at 7.68%$703.04
98,800 at 7.69%$703.72
98,800 at 7.7%$704.40
98,800 at 7.71%$705.09
98,800 at 7.72%$705.77
98,800 at 7.73%$706.45
98,800 at 7.74%$707.13
98,800 at 7.75%$707.82
98,800 at 7.76%$708.50
98,800 at 7.77%$709.18
98,800 at 7.78%$709.86
98,800 at 7.79%$710.55
98,800 at 7.8%$711.23
98,800 at 7.81%$711.92
98,800 at 7.82%$712.60
98,800 at 7.83%$713.29
98,800 at 7.84%$713.97
98,800 at 7.85%$714.65
98,800 at 7.86%$715.34
98,800 at 7.87%$716.03
98,800 at 7.88%$716.71
98,800 at 7.89%$717.40
98,800 at 7.9%$718.08
98,800 at 7.91%$718.77
98,800 at 7.92%$719.46
98,800 at 7.93%$720.14
98,800 at 7.94%$720.83
98,800 at 7.95%$721.52
98,800 at 7.96%$722.21
98,800 at 7.97%$722.89
98,800 at 7.98%$723.58
98,800 at 7.99%$724.27
98,800 at 8%$724.96
More Amounts
What is the down payment for a $98,800 house? How much do you need to put down?
Percent Down Down Payment
1%988
2%1,976
3%2,964
4%3,952
5%4,940
6%5,928
7%6,916
8%7,904
9%8,892
10%9,880
11%10,868
12%11,856
13%12,844
14%13,832
15%14,820
16%15,808
17%16,796
18%17,784
19%18,772
20%19,760
Percent Down Down Payment
21%20,748
22%21,736
23%22,724
24%23,712
25%24,700
26%25,688
27%26,676
28%27,664
29%28,652
30%29,640
31%30,628
32%31,616
33%32,604
34%33,592
35%34,580
36%35,568
37%36,556
38%37,544
39%38,532
40%39,520
Percent Down Down Payment
41%40,508
42%41,496
43%42,484
44%43,472
45%44,460
46%45,448
47%46,436
48%47,424
49%48,412
50%49,400
51%50,388
52%51,376
53%52,364
54%53,352
55%54,340
56%55,328
57%56,316
58%57,304
59%58,292
60%59,280
Percent Down Down Payment
61%60,268
62%61,256
63%62,244
64%63,232
65%64,220
66%65,208
67%66,196
68%67,184
69%68,172
70%69,160
71%70,148
72%71,136
73%72,124
74%73,112
75%74,100
76%75,088
77%76,076
78%77,064
79%78,052
80%79,040
Percent Down Down Payment
81%80,028
82%81,016
83%82,004
84%82,992
85%83,980
86%84,968
87%85,956
88%86,944
89%87,932
90%88,920
91%89,908
92%90,896
93%91,884
94%92,872
95%93,860
96%94,848
97%95,836
98%96,824
99%97,812
100%98,800
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.