$99,900 Mortgage for 30 Years

What is the monthly payment of a 99,900 dollar loan?
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Loan Tables for a $99,900 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 100k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $99,900 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
99,900 at 2.01%$369.75
99,900 at 2.02%$370.25
99,900 at 2.03%$370.75
99,900 at 2.04%$371.25
99,900 at 2.05%$371.75
99,900 at 2.06%$372.25
99,900 at 2.07%$372.76
99,900 at 2.08%$373.26
99,900 at 2.09%$373.76
99,900 at 2.1%$374.27
99,900 at 2.11%$374.77
99,900 at 2.12%$375.27
99,900 at 2.13%$375.78
99,900 at 2.14%$376.28
99,900 at 2.15%$376.79
99,900 at 2.16%$377.29
99,900 at 2.17%$377.80
99,900 at 2.18%$378.31
99,900 at 2.19%$378.81
99,900 at 2.2%$379.32
99,900 at 2.21%$379.83
99,900 at 2.22%$380.34
99,900 at 2.23%$380.85
99,900 at 2.24%$381.35
99,900 at 2.25%$381.86
99,900 at 2.26%$382.37
99,900 at 2.27%$382.88
99,900 at 2.28%$383.39
99,900 at 2.29%$383.91
99,900 at 2.3%$384.42
99,900 at 2.31%$384.93
99,900 at 2.32%$385.44
99,900 at 2.33%$385.95
99,900 at 2.34%$386.47
99,900 at 2.35%$386.98
99,900 at 2.36%$387.49
99,900 at 2.37%$388.01
99,900 at 2.38%$388.52
99,900 at 2.39%$389.04
99,900 at 2.4%$389.55
99,900 at 2.41%$390.07
99,900 at 2.42%$390.58
99,900 at 2.43%$391.10
99,900 at 2.44%$391.62
99,900 at 2.45%$392.13
99,900 at 2.46%$392.65
99,900 at 2.47%$393.17
99,900 at 2.48%$393.69
99,900 at 2.49%$394.21
99,900 at 2.5%$394.73
99,900 at 2.51%$395.25
99,900 at 2.52%$395.77
99,900 at 2.53%$396.29
99,900 at 2.54%$396.81
99,900 at 2.55%$397.33
99,900 at 2.56%$397.85
99,900 at 2.57%$398.37
99,900 at 2.58%$398.89
99,900 at 2.59%$399.42
99,900 at 2.6%$399.94
99,900 at 2.61%$400.46
99,900 at 2.62%$400.99
99,900 at 2.63%$401.51
99,900 at 2.64%$402.04
99,900 at 2.65%$402.56
99,900 at 2.66%$403.09
99,900 at 2.67%$403.61
99,900 at 2.68%$404.14
99,900 at 2.69%$404.67
99,900 at 2.7%$405.19
99,900 at 2.71%$405.72
99,900 at 2.72%$406.25
99,900 at 2.73%$406.78
99,900 at 2.74%$407.30
99,900 at 2.75%$407.83
99,900 at 2.76%$408.36
99,900 at 2.77%$408.89
99,900 at 2.78%$409.42
99,900 at 2.79%$409.95
99,900 at 2.8%$410.48
99,900 at 2.81%$411.01
99,900 at 2.82%$411.55
99,900 at 2.83%$412.08
99,900 at 2.84%$412.61
99,900 at 2.85%$413.14
99,900 at 2.86%$413.68
99,900 at 2.87%$414.21
99,900 at 2.88%$414.74
99,900 at 2.89%$415.28
99,900 at 2.9%$415.81
99,900 at 2.91%$416.35
99,900 at 2.92%$416.88
99,900 at 2.93%$417.42
99,900 at 2.94%$417.96
99,900 at 2.95%$418.49
99,900 at 2.96%$419.03
99,900 at 2.97%$419.57
99,900 at 2.98%$420.11
99,900 at 2.99%$420.64
99,900 at 3%$421.18
99,900 at 3.01%$421.72
99,900 at 3.02%$422.26
99,900 at 3.03%$422.80
99,900 at 3.04%$423.34
99,900 at 3.05%$423.88
99,900 at 3.06%$424.42
99,900 at 3.07%$424.96
99,900 at 3.08%$425.50
99,900 at 3.09%$426.05
99,900 at 3.1%$426.59
99,900 at 3.11%$427.13
99,900 at 3.12%$427.68
99,900 at 3.13%$428.22
99,900 at 3.14%$428.76
99,900 at 3.15%$429.31
99,900 at 3.16%$429.85
99,900 at 3.17%$430.40
99,900 at 3.18%$430.94
99,900 at 3.19%$431.49
99,900 at 3.2%$432.03
99,900 at 3.21%$432.58
99,900 at 3.22%$433.13
99,900 at 3.23%$433.68
99,900 at 3.24%$434.22
99,900 at 3.25%$434.77
99,900 at 3.26%$435.32
99,900 at 3.27%$435.87
99,900 at 3.28%$436.42
99,900 at 3.29%$436.97
99,900 at 3.3%$437.52
99,900 at 3.31%$438.07
99,900 at 3.32%$438.62
99,900 at 3.33%$439.17
99,900 at 3.34%$439.72
99,900 at 3.35%$440.27
99,900 at 3.36%$440.83
99,900 at 3.37%$441.38
99,900 at 3.38%$441.93
99,900 at 3.39%$442.48
99,900 at 3.4%$443.04
99,900 at 3.41%$443.59
99,900 at 3.42%$444.15
99,900 at 3.43%$444.70
99,900 at 3.44%$445.26
99,900 at 3.45%$445.81
99,900 at 3.46%$446.37
99,900 at 3.47%$446.92
99,900 at 3.48%$447.48
99,900 at 3.49%$448.04
99,900 at 3.5%$448.60
Interest Rate 30 Year
99,900 at 3.51%$449.15
99,900 at 3.52%$449.71
99,900 at 3.53%$450.27
99,900 at 3.54%$450.83
99,900 at 3.55%$451.39
99,900 at 3.56%$451.95
99,900 at 3.57%$452.51
99,900 at 3.58%$453.07
99,900 at 3.59%$453.63
99,900 at 3.6%$454.19
99,900 at 3.61%$454.75
99,900 at 3.62%$455.31
99,900 at 3.63%$455.88
99,900 at 3.64%$456.44
99,900 at 3.65%$457.00
99,900 at 3.66%$457.57
99,900 at 3.67%$458.13
99,900 at 3.68%$458.69
99,900 at 3.69%$459.26
99,900 at 3.7%$459.82
99,900 at 3.71%$460.39
99,900 at 3.72%$460.95
99,900 at 3.73%$461.52
99,900 at 3.74%$462.09
99,900 at 3.75%$462.65
99,900 at 3.76%$463.22
99,900 at 3.77%$463.79
99,900 at 3.78%$464.35
99,900 at 3.79%$464.92
99,900 at 3.8%$465.49
99,900 at 3.81%$466.06
99,900 at 3.82%$466.63
99,900 at 3.83%$467.20
99,900 at 3.84%$467.77
99,900 at 3.85%$468.34
99,900 at 3.86%$468.91
99,900 at 3.87%$469.48
99,900 at 3.88%$470.05
99,900 at 3.89%$470.62
99,900 at 3.9%$471.20
99,900 at 3.91%$471.77
99,900 at 3.92%$472.34
99,900 at 3.93%$472.92
99,900 at 3.94%$473.49
99,900 at 3.95%$474.06
99,900 at 3.96%$474.64
99,900 at 3.97%$475.21
99,900 at 3.98%$475.79
99,900 at 3.99%$476.36
99,900 at 4%$476.94
99,900 at 4.01%$477.51
99,900 at 4.02%$478.09
99,900 at 4.03%$478.67
99,900 at 4.04%$479.24
99,900 at 4.05%$479.82
99,900 at 4.06%$480.40
99,900 at 4.07%$480.98
99,900 at 4.08%$481.56
99,900 at 4.09%$482.14
99,900 at 4.1%$482.72
99,900 at 4.11%$483.29
99,900 at 4.12%$483.87
99,900 at 4.13%$484.46
99,900 at 4.14%$485.04
99,900 at 4.15%$485.62
99,900 at 4.16%$486.20
99,900 at 4.17%$486.78
99,900 at 4.18%$487.36
99,900 at 4.19%$487.95
99,900 at 4.2%$488.53
99,900 at 4.21%$489.11
99,900 at 4.22%$489.70
99,900 at 4.23%$490.28
99,900 at 4.24%$490.86
99,900 at 4.25%$491.45
99,900 at 4.26%$492.03
99,900 at 4.27%$492.62
99,900 at 4.28%$493.20
99,900 at 4.29%$493.79
99,900 at 4.3%$494.38
99,900 at 4.31%$494.96
99,900 at 4.32%$495.55
99,900 at 4.33%$496.14
99,900 at 4.34%$496.73
99,900 at 4.35%$497.31
99,900 at 4.36%$497.90
99,900 at 4.37%$498.49
99,900 at 4.38%$499.08
99,900 at 4.39%$499.67
99,900 at 4.4%$500.26
99,900 at 4.41%$500.85
99,900 at 4.42%$501.44
99,900 at 4.43%$502.03
99,900 at 4.44%$502.62
99,900 at 4.45%$503.22
99,900 at 4.46%$503.81
99,900 at 4.47%$504.40
99,900 at 4.48%$504.99
99,900 at 4.49%$505.59
99,900 at 4.5%$506.18
99,900 at 4.51%$506.77
99,900 at 4.52%$507.37
99,900 at 4.53%$507.96
99,900 at 4.54%$508.56
99,900 at 4.55%$509.15
99,900 at 4.56%$509.75
99,900 at 4.57%$510.34
99,900 at 4.58%$510.94
99,900 at 4.59%$511.53
99,900 at 4.6%$512.13
99,900 at 4.61%$512.73
99,900 at 4.62%$513.33
99,900 at 4.63%$513.92
99,900 at 4.64%$514.52
99,900 at 4.65%$515.12
99,900 at 4.66%$515.72
99,900 at 4.67%$516.32
99,900 at 4.68%$516.92
99,900 at 4.69%$517.52
99,900 at 4.7%$518.12
99,900 at 4.71%$518.72
99,900 at 4.72%$519.32
99,900 at 4.73%$519.92
99,900 at 4.74%$520.52
99,900 at 4.75%$521.13
99,900 at 4.76%$521.73
99,900 at 4.77%$522.33
99,900 at 4.78%$522.93
99,900 at 4.79%$523.54
99,900 at 4.8%$524.14
99,900 at 4.81%$524.74
99,900 at 4.82%$525.35
99,900 at 4.83%$525.95
99,900 at 4.84%$526.56
99,900 at 4.85%$527.16
99,900 at 4.86%$527.77
99,900 at 4.87%$528.38
99,900 at 4.88%$528.98
99,900 at 4.89%$529.59
99,900 at 4.9%$530.20
99,900 at 4.91%$530.80
99,900 at 4.92%$531.41
99,900 at 4.93%$532.02
99,900 at 4.94%$532.63
99,900 at 4.95%$533.24
99,900 at 4.96%$533.85
99,900 at 4.97%$534.45
99,900 at 4.98%$535.06
99,900 at 4.99%$535.67
99,900 at 5%$536.28
Interest Rate 30 Year
99,900 at 5.01%$536.90
99,900 at 5.02%$537.51
99,900 at 5.03%$538.12
99,900 at 5.04%$538.73
99,900 at 5.05%$539.34
99,900 at 5.06%$539.95
99,900 at 5.07%$540.57
99,900 at 5.08%$541.18
99,900 at 5.09%$541.79
99,900 at 5.1%$542.41
99,900 at 5.11%$543.02
99,900 at 5.12%$543.64
99,900 at 5.13%$544.25
99,900 at 5.14%$544.86
99,900 at 5.15%$545.48
99,900 at 5.16%$546.10
99,900 at 5.17%$546.71
99,900 at 5.18%$547.33
99,900 at 5.19%$547.94
99,900 at 5.2%$548.56
99,900 at 5.21%$549.18
99,900 at 5.22%$549.80
99,900 at 5.23%$550.41
99,900 at 5.24%$551.03
99,900 at 5.25%$551.65
99,900 at 5.26%$552.27
99,900 at 5.27%$552.89
99,900 at 5.28%$553.51
99,900 at 5.29%$554.13
99,900 at 5.3%$554.75
99,900 at 5.31%$555.37
99,900 at 5.32%$555.99
99,900 at 5.33%$556.61
99,900 at 5.34%$557.23
99,900 at 5.35%$557.86
99,900 at 5.36%$558.48
99,900 at 5.37%$559.10
99,900 at 5.38%$559.72
99,900 at 5.39%$560.35
99,900 at 5.4%$560.97
99,900 at 5.41%$561.59
99,900 at 5.42%$562.22
99,900 at 5.43%$562.84
99,900 at 5.44%$563.47
99,900 at 5.45%$564.09
99,900 at 5.46%$564.72
99,900 at 5.47%$565.34
99,900 at 5.48%$565.97
99,900 at 5.49%$566.59
99,900 at 5.5%$567.22
99,900 at 5.51%$567.85
99,900 at 5.52%$568.48
99,900 at 5.53%$569.10
99,900 at 5.54%$569.73
99,900 at 5.55%$570.36
99,900 at 5.56%$570.99
99,900 at 5.57%$571.62
99,900 at 5.58%$572.25
99,900 at 5.59%$572.88
99,900 at 5.6%$573.50
99,900 at 5.61%$574.14
99,900 at 5.62%$574.77
99,900 at 5.63%$575.40
99,900 at 5.64%$576.03
99,900 at 5.65%$576.66
99,900 at 5.66%$577.29
99,900 at 5.67%$577.92
99,900 at 5.68%$578.55
99,900 at 5.69%$579.19
99,900 at 5.7%$579.82
99,900 at 5.71%$580.45
99,900 at 5.72%$581.09
99,900 at 5.73%$581.72
99,900 at 5.74%$582.35
99,900 at 5.75%$582.99
99,900 at 5.76%$583.62
99,900 at 5.77%$584.26
99,900 at 5.78%$584.89
99,900 at 5.79%$585.53
99,900 at 5.8%$586.17
99,900 at 5.81%$586.80
99,900 at 5.82%$587.44
99,900 at 5.83%$588.08
99,900 at 5.84%$588.71
99,900 at 5.85%$589.35
99,900 at 5.86%$589.99
99,900 at 5.87%$590.63
99,900 at 5.88%$591.27
99,900 at 5.89%$591.90
99,900 at 5.9%$592.54
99,900 at 5.91%$593.18
99,900 at 5.92%$593.82
99,900 at 5.93%$594.46
99,900 at 5.94%$595.10
99,900 at 5.95%$595.74
99,900 at 5.96%$596.38
99,900 at 5.97%$597.03
99,900 at 5.98%$597.67
99,900 at 5.99%$598.31
99,900 at 6%$598.95
99,900 at 6.01%$599.59
99,900 at 6.02%$600.24
99,900 at 6.03%$600.88
99,900 at 6.04%$601.52
99,900 at 6.05%$602.17
99,900 at 6.06%$602.81
99,900 at 6.07%$603.45
99,900 at 6.08%$604.10
99,900 at 6.09%$604.74
99,900 at 6.1%$605.39
99,900 at 6.11%$606.03
99,900 at 6.12%$606.68
99,900 at 6.13%$607.33
99,900 at 6.14%$607.97
99,900 at 6.15%$608.62
99,900 at 6.16%$609.27
99,900 at 6.17%$609.91
99,900 at 6.18%$610.56
99,900 at 6.19%$611.21
99,900 at 6.2%$611.86
99,900 at 6.21%$612.50
99,900 at 6.22%$613.15
99,900 at 6.23%$613.80
99,900 at 6.24%$614.45
99,900 at 6.25%$615.10
99,900 at 6.26%$615.75
99,900 at 6.27%$616.40
99,900 at 6.28%$617.05
99,900 at 6.29%$617.70
99,900 at 6.3%$618.35
99,900 at 6.31%$619.01
99,900 at 6.32%$619.66
99,900 at 6.33%$620.31
99,900 at 6.34%$620.96
99,900 at 6.35%$621.61
99,900 at 6.36%$622.27
99,900 at 6.37%$622.92
99,900 at 6.38%$623.57
99,900 at 6.39%$624.23
99,900 at 6.4%$624.88
99,900 at 6.41%$625.53
99,900 at 6.42%$626.19
99,900 at 6.43%$626.84
99,900 at 6.44%$627.50
99,900 at 6.45%$628.15
99,900 at 6.46%$628.81
99,900 at 6.47%$629.47
99,900 at 6.48%$630.12
99,900 at 6.49%$630.78
99,900 at 6.5%$631.44
Interest Rate 30 Year
99,900 at 6.51%$632.09
99,900 at 6.52%$632.75
99,900 at 6.53%$633.41
99,900 at 6.54%$634.07
99,900 at 6.55%$634.72
99,900 at 6.56%$635.38
99,900 at 6.57%$636.04
99,900 at 6.58%$636.70
99,900 at 6.59%$637.36
99,900 at 6.6%$638.02
99,900 at 6.61%$638.68
99,900 at 6.62%$639.34
99,900 at 6.63%$640.00
99,900 at 6.64%$640.66
99,900 at 6.65%$641.32
99,900 at 6.66%$641.98
99,900 at 6.67%$642.65
99,900 at 6.68%$643.31
99,900 at 6.69%$643.97
99,900 at 6.7%$644.63
99,900 at 6.71%$645.30
99,900 at 6.72%$645.96
99,900 at 6.73%$646.62
99,900 at 6.74%$647.29
99,900 at 6.75%$647.95
99,900 at 6.76%$648.61
99,900 at 6.77%$649.28
99,900 at 6.78%$649.94
99,900 at 6.79%$650.61
99,900 at 6.8%$651.27
99,900 at 6.81%$651.94
99,900 at 6.82%$652.60
99,900 at 6.83%$653.27
99,900 at 6.84%$653.94
99,900 at 6.85%$654.60
99,900 at 6.86%$655.27
99,900 at 6.87%$655.94
99,900 at 6.88%$656.61
99,900 at 6.89%$657.27
99,900 at 6.9%$657.94
99,900 at 6.91%$658.61
99,900 at 6.92%$659.28
99,900 at 6.93%$659.95
99,900 at 6.94%$660.62
99,900 at 6.95%$661.29
99,900 at 6.96%$661.96
99,900 at 6.97%$662.63
99,900 at 6.98%$663.30
99,900 at 6.99%$663.97
99,900 at 7%$664.64
99,900 at 7.01%$665.31
99,900 at 7.02%$665.98
99,900 at 7.03%$666.65
99,900 at 7.04%$667.32
99,900 at 7.05%$668.00
99,900 at 7.06%$668.67
99,900 at 7.07%$669.34
99,900 at 7.08%$670.01
99,900 at 7.09%$670.69
99,900 at 7.1%$671.36
99,900 at 7.11%$672.03
99,900 at 7.12%$672.71
99,900 at 7.13%$673.38
99,900 at 7.14%$674.06
99,900 at 7.15%$674.73
99,900 at 7.16%$675.41
99,900 at 7.17%$676.08
99,900 at 7.18%$676.76
99,900 at 7.19%$677.43
99,900 at 7.2%$678.11
99,900 at 7.21%$678.79
99,900 at 7.22%$679.46
99,900 at 7.23%$680.14
99,900 at 7.24%$680.82
99,900 at 7.25%$681.49
99,900 at 7.26%$682.17
99,900 at 7.27%$682.85
99,900 at 7.28%$683.53
99,900 at 7.29%$684.21
99,900 at 7.3%$684.89
99,900 at 7.31%$685.56
99,900 at 7.32%$686.24
99,900 at 7.33%$686.92
99,900 at 7.34%$687.60
99,900 at 7.35%$688.28
99,900 at 7.36%$688.96
99,900 at 7.37%$689.64
99,900 at 7.38%$690.32
99,900 at 7.39%$691.01
99,900 at 7.4%$691.69
99,900 at 7.41%$692.37
99,900 at 7.42%$693.05
99,900 at 7.43%$693.73
99,900 at 7.44%$694.42
99,900 at 7.45%$695.10
99,900 at 7.46%$695.78
99,900 at 7.47%$696.46
99,900 at 7.48%$697.15
99,900 at 7.49%$697.83
99,900 at 7.5%$698.52
99,900 at 7.51%$699.20
99,900 at 7.52%$699.88
99,900 at 7.53%$700.57
99,900 at 7.54%$701.25
99,900 at 7.55%$701.94
99,900 at 7.56%$702.62
99,900 at 7.57%$703.31
99,900 at 7.58%$704.00
99,900 at 7.59%$704.68
99,900 at 7.6%$705.37
99,900 at 7.61%$706.06
99,900 at 7.62%$706.74
99,900 at 7.63%$707.43
99,900 at 7.64%$708.12
99,900 at 7.65%$708.80
99,900 at 7.66%$709.49
99,900 at 7.67%$710.18
99,900 at 7.68%$710.87
99,900 at 7.69%$711.56
99,900 at 7.7%$712.25
99,900 at 7.71%$712.94
99,900 at 7.72%$713.63
99,900 at 7.73%$714.32
99,900 at 7.74%$715.01
99,900 at 7.75%$715.70
99,900 at 7.76%$716.39
99,900 at 7.77%$717.08
99,900 at 7.78%$717.77
99,900 at 7.79%$718.46
99,900 at 7.8%$719.15
99,900 at 7.81%$719.84
99,900 at 7.82%$720.53
99,900 at 7.83%$721.23
99,900 at 7.84%$721.92
99,900 at 7.85%$722.61
99,900 at 7.86%$723.30
99,900 at 7.87%$724.00
99,900 at 7.88%$724.69
99,900 at 7.89%$725.38
99,900 at 7.9%$726.08
99,900 at 7.91%$726.77
99,900 at 7.92%$727.47
99,900 at 7.93%$728.16
99,900 at 7.94%$728.86
99,900 at 7.95%$729.55
99,900 at 7.96%$730.25
99,900 at 7.97%$730.94
99,900 at 7.98%$731.64
99,900 at 7.99%$732.33
99,900 at 8%$733.03
More Amounts
What is the down payment for a $99,900 house? How much do you need to put down?
Percent Down Down Payment
1%999
2%1,998
3%2,997
4%3,996
5%4,995
6%5,994
7%6,993
8%7,992
9%8,991
10%9,990
11%10,989
12%11,988
13%12,987
14%13,986
15%14,985
16%15,984
17%16,983
18%17,982
19%18,981
20%19,980
Percent Down Down Payment
21%20,979
22%21,978
23%22,977
24%23,976
25%24,975
26%25,974
27%26,973
28%27,972
29%28,971
30%29,970
31%30,969
32%31,968
33%32,967
34%33,966
35%34,965
36%35,964
37%36,963
38%37,962
39%38,961
40%39,960
Percent Down Down Payment
41%40,959
42%41,958
43%42,957
44%43,956
45%44,955
46%45,954
47%46,953
48%47,952
49%48,951
50%49,950
51%50,949
52%51,948
53%52,947
54%53,946
55%54,945
56%55,944
57%56,943
58%57,942
59%58,941
60%59,940
Percent Down Down Payment
61%60,939
62%61,938
63%62,937
64%63,936
65%64,935
66%65,934
67%66,933
68%67,932
69%68,931
70%69,930
71%70,929
72%71,928
73%72,927
74%73,926
75%74,925
76%75,924
77%76,923
78%77,922
79%78,921
80%79,920
Percent Down Down Payment
81%80,919
82%81,918
83%82,917
84%83,916
85%84,915
86%85,914
87%86,913
88%87,912
89%88,911
90%89,910
91%90,909
92%91,908
93%92,907
94%93,906
95%94,905
96%95,904
97%96,903
98%97,902
99%98,901
100%99,900
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.