$34,950 Mortgage for 30 Years

What is the monthly payment of a 34,950 dollar loan?
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Loan Tables for a $34,950 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 35k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $34,950 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
34,950 at 2.01%$129.36
34,950 at 2.02%$129.53
34,950 at 2.03%$129.71
34,950 at 2.04%$129.88
34,950 at 2.05%$130.06
34,950 at 2.06%$130.23
34,950 at 2.07%$130.41
34,950 at 2.08%$130.58
34,950 at 2.09%$130.76
34,950 at 2.1%$130.94
34,950 at 2.11%$131.11
34,950 at 2.12%$131.29
34,950 at 2.13%$131.47
34,950 at 2.14%$131.64
34,950 at 2.15%$131.82
34,950 at 2.16%$132.00
34,950 at 2.17%$132.17
34,950 at 2.18%$132.35
34,950 at 2.19%$132.53
34,950 at 2.2%$132.71
34,950 at 2.21%$132.88
34,950 at 2.22%$133.06
34,950 at 2.23%$133.24
34,950 at 2.24%$133.42
34,950 at 2.25%$133.60
34,950 at 2.26%$133.77
34,950 at 2.27%$133.95
34,950 at 2.28%$134.13
34,950 at 2.29%$134.31
34,950 at 2.3%$134.49
34,950 at 2.31%$134.67
34,950 at 2.32%$134.85
34,950 at 2.33%$135.03
34,950 at 2.34%$135.20
34,950 at 2.35%$135.38
34,950 at 2.36%$135.56
34,950 at 2.37%$135.74
34,950 at 2.38%$135.92
34,950 at 2.39%$136.10
34,950 at 2.4%$136.28
34,950 at 2.41%$136.46
34,950 at 2.42%$136.65
34,950 at 2.43%$136.83
34,950 at 2.44%$137.01
34,950 at 2.45%$137.19
34,950 at 2.46%$137.37
34,950 at 2.47%$137.55
34,950 at 2.48%$137.73
34,950 at 2.49%$137.91
34,950 at 2.5%$138.09
34,950 at 2.51%$138.28
34,950 at 2.52%$138.46
34,950 at 2.53%$138.64
34,950 at 2.54%$138.82
34,950 at 2.55%$139.01
34,950 at 2.56%$139.19
34,950 at 2.57%$139.37
34,950 at 2.58%$139.55
34,950 at 2.59%$139.74
34,950 at 2.6%$139.92
34,950 at 2.61%$140.10
34,950 at 2.62%$140.29
34,950 at 2.63%$140.47
34,950 at 2.64%$140.65
34,950 at 2.65%$140.84
34,950 at 2.66%$141.02
34,950 at 2.67%$141.20
34,950 at 2.68%$141.39
34,950 at 2.69%$141.57
34,950 at 2.7%$141.76
34,950 at 2.71%$141.94
34,950 at 2.72%$142.13
34,950 at 2.73%$142.31
34,950 at 2.74%$142.50
34,950 at 2.75%$142.68
34,950 at 2.76%$142.87
34,950 at 2.77%$143.05
34,950 at 2.78%$143.24
34,950 at 2.79%$143.42
34,950 at 2.8%$143.61
34,950 at 2.81%$143.79
34,950 at 2.82%$143.98
34,950 at 2.83%$144.17
34,950 at 2.84%$144.35
34,950 at 2.85%$144.54
34,950 at 2.86%$144.72
34,950 at 2.87%$144.91
34,950 at 2.88%$145.10
34,950 at 2.89%$145.29
34,950 at 2.9%$145.47
34,950 at 2.91%$145.66
34,950 at 2.92%$145.85
34,950 at 2.93%$146.03
34,950 at 2.94%$146.22
34,950 at 2.95%$146.41
34,950 at 2.96%$146.60
34,950 at 2.97%$146.79
34,950 at 2.98%$146.97
34,950 at 2.99%$147.16
34,950 at 3%$147.35
34,950 at 3.01%$147.54
34,950 at 3.02%$147.73
34,950 at 3.03%$147.92
34,950 at 3.04%$148.11
34,950 at 3.05%$148.29
34,950 at 3.06%$148.48
34,950 at 3.07%$148.67
34,950 at 3.08%$148.86
34,950 at 3.09%$149.05
34,950 at 3.1%$149.24
34,950 at 3.11%$149.43
34,950 at 3.12%$149.62
34,950 at 3.13%$149.81
34,950 at 3.14%$150.00
34,950 at 3.15%$150.19
34,950 at 3.16%$150.38
34,950 at 3.17%$150.57
34,950 at 3.18%$150.77
34,950 at 3.19%$150.96
34,950 at 3.2%$151.15
34,950 at 3.21%$151.34
34,950 at 3.22%$151.53
34,950 at 3.23%$151.72
34,950 at 3.24%$151.91
34,950 at 3.25%$152.10
34,950 at 3.26%$152.30
34,950 at 3.27%$152.49
34,950 at 3.28%$152.68
34,950 at 3.29%$152.87
34,950 at 3.3%$153.07
34,950 at 3.31%$153.26
34,950 at 3.32%$153.45
34,950 at 3.33%$153.64
34,950 at 3.34%$153.84
34,950 at 3.35%$154.03
34,950 at 3.36%$154.22
34,950 at 3.37%$154.42
34,950 at 3.38%$154.61
34,950 at 3.39%$154.80
34,950 at 3.4%$155.00
34,950 at 3.41%$155.19
34,950 at 3.42%$155.38
34,950 at 3.43%$155.58
34,950 at 3.44%$155.77
34,950 at 3.45%$155.97
34,950 at 3.46%$156.16
34,950 at 3.47%$156.36
34,950 at 3.48%$156.55
34,950 at 3.49%$156.75
34,950 at 3.5%$156.94
Interest Rate 30 Year
34,950 at 3.51%$157.14
34,950 at 3.52%$157.33
34,950 at 3.53%$157.53
34,950 at 3.54%$157.72
34,950 at 3.55%$157.92
34,950 at 3.56%$158.11
34,950 at 3.57%$158.31
34,950 at 3.58%$158.51
34,950 at 3.59%$158.70
34,950 at 3.6%$158.90
34,950 at 3.61%$159.10
34,950 at 3.62%$159.29
34,950 at 3.63%$159.49
34,950 at 3.64%$159.69
34,950 at 3.65%$159.88
34,950 at 3.66%$160.08
34,950 at 3.67%$160.28
34,950 at 3.68%$160.47
34,950 at 3.69%$160.67
34,950 at 3.7%$160.87
34,950 at 3.71%$161.07
34,950 at 3.72%$161.26
34,950 at 3.73%$161.46
34,950 at 3.74%$161.66
34,950 at 3.75%$161.86
34,950 at 3.76%$162.06
34,950 at 3.77%$162.26
34,950 at 3.78%$162.45
34,950 at 3.79%$162.65
34,950 at 3.8%$162.85
34,950 at 3.81%$163.05
34,950 at 3.82%$163.25
34,950 at 3.83%$163.45
34,950 at 3.84%$163.65
34,950 at 3.85%$163.85
34,950 at 3.86%$164.05
34,950 at 3.87%$164.25
34,950 at 3.88%$164.45
34,950 at 3.89%$164.65
34,950 at 3.9%$164.85
34,950 at 3.91%$165.05
34,950 at 3.92%$165.25
34,950 at 3.93%$165.45
34,950 at 3.94%$165.65
34,950 at 3.95%$165.85
34,950 at 3.96%$166.05
34,950 at 3.97%$166.25
34,950 at 3.98%$166.45
34,950 at 3.99%$166.66
34,950 at 4%$166.86
34,950 at 4.01%$167.06
34,950 at 4.02%$167.26
34,950 at 4.03%$167.46
34,950 at 4.04%$167.66
34,950 at 4.05%$167.87
34,950 at 4.06%$168.07
34,950 at 4.07%$168.27
34,950 at 4.08%$168.47
34,950 at 4.09%$168.68
34,950 at 4.1%$168.88
34,950 at 4.11%$169.08
34,950 at 4.12%$169.28
34,950 at 4.13%$169.49
34,950 at 4.14%$169.69
34,950 at 4.15%$169.89
34,950 at 4.16%$170.10
34,950 at 4.17%$170.30
34,950 at 4.18%$170.50
34,950 at 4.19%$170.71
34,950 at 4.2%$170.91
34,950 at 4.21%$171.12
34,950 at 4.22%$171.32
34,950 at 4.23%$171.52
34,950 at 4.24%$171.73
34,950 at 4.25%$171.93
34,950 at 4.26%$172.14
34,950 at 4.27%$172.34
34,950 at 4.28%$172.55
34,950 at 4.29%$172.75
34,950 at 4.3%$172.96
34,950 at 4.31%$173.16
34,950 at 4.32%$173.37
34,950 at 4.33%$173.57
34,950 at 4.34%$173.78
34,950 at 4.35%$173.99
34,950 at 4.36%$174.19
34,950 at 4.37%$174.40
34,950 at 4.38%$174.60
34,950 at 4.39%$174.81
34,950 at 4.4%$175.02
34,950 at 4.41%$175.22
34,950 at 4.42%$175.43
34,950 at 4.43%$175.64
34,950 at 4.44%$175.84
34,950 at 4.45%$176.05
34,950 at 4.46%$176.26
34,950 at 4.47%$176.46
34,950 at 4.48%$176.67
34,950 at 4.49%$176.88
34,950 at 4.5%$177.09
34,950 at 4.51%$177.29
34,950 at 4.52%$177.50
34,950 at 4.53%$177.71
34,950 at 4.54%$177.92
34,950 at 4.55%$178.13
34,950 at 4.56%$178.33
34,950 at 4.57%$178.54
34,950 at 4.58%$178.75
34,950 at 4.59%$178.96
34,950 at 4.6%$179.17
34,950 at 4.61%$179.38
34,950 at 4.62%$179.59
34,950 at 4.63%$179.80
34,950 at 4.64%$180.01
34,950 at 4.65%$180.22
34,950 at 4.66%$180.42
34,950 at 4.67%$180.63
34,950 at 4.68%$180.84
34,950 at 4.69%$181.05
34,950 at 4.7%$181.26
34,950 at 4.71%$181.47
34,950 at 4.72%$181.68
34,950 at 4.73%$181.89
34,950 at 4.74%$182.11
34,950 at 4.75%$182.32
34,950 at 4.76%$182.53
34,950 at 4.77%$182.74
34,950 at 4.78%$182.95
34,950 at 4.79%$183.16
34,950 at 4.8%$183.37
34,950 at 4.81%$183.58
34,950 at 4.82%$183.79
34,950 at 4.83%$184.00
34,950 at 4.84%$184.22
34,950 at 4.85%$184.43
34,950 at 4.86%$184.64
34,950 at 4.87%$184.85
34,950 at 4.88%$185.06
34,950 at 4.89%$185.28
34,950 at 4.9%$185.49
34,950 at 4.91%$185.70
34,950 at 4.92%$185.91
34,950 at 4.93%$186.13
34,950 at 4.94%$186.34
34,950 at 4.95%$186.55
34,950 at 4.96%$186.77
34,950 at 4.97%$186.98
34,950 at 4.98%$187.19
34,950 at 4.99%$187.41
34,950 at 5%$187.62
Interest Rate 30 Year
34,950 at 5.01%$187.83
34,950 at 5.02%$188.05
34,950 at 5.03%$188.26
34,950 at 5.04%$188.47
34,950 at 5.05%$188.69
34,950 at 5.06%$188.90
34,950 at 5.07%$189.12
34,950 at 5.08%$189.33
34,950 at 5.09%$189.55
34,950 at 5.1%$189.76
34,950 at 5.11%$189.98
34,950 at 5.12%$190.19
34,950 at 5.13%$190.41
34,950 at 5.14%$190.62
34,950 at 5.15%$190.84
34,950 at 5.16%$191.05
34,950 at 5.17%$191.27
34,950 at 5.18%$191.48
34,950 at 5.19%$191.70
34,950 at 5.2%$191.91
34,950 at 5.21%$192.13
34,950 at 5.22%$192.35
34,950 at 5.23%$192.56
34,950 at 5.24%$192.78
34,950 at 5.25%$193.00
34,950 at 5.26%$193.21
34,950 at 5.27%$193.43
34,950 at 5.28%$193.65
34,950 at 5.29%$193.86
34,950 at 5.3%$194.08
34,950 at 5.31%$194.30
34,950 at 5.32%$194.51
34,950 at 5.33%$194.73
34,950 at 5.34%$194.95
34,950 at 5.35%$195.17
34,950 at 5.36%$195.38
34,950 at 5.37%$195.60
34,950 at 5.38%$195.82
34,950 at 5.39%$196.04
34,950 at 5.4%$196.26
34,950 at 5.41%$196.47
34,950 at 5.42%$196.69
34,950 at 5.43%$196.91
34,950 at 5.44%$197.13
34,950 at 5.45%$197.35
34,950 at 5.46%$197.57
34,950 at 5.47%$197.78
34,950 at 5.48%$198.00
34,950 at 5.49%$198.22
34,950 at 5.5%$198.44
34,950 at 5.51%$198.66
34,950 at 5.52%$198.88
34,950 at 5.53%$199.10
34,950 at 5.54%$199.32
34,950 at 5.55%$199.54
34,950 at 5.56%$199.76
34,950 at 5.57%$199.98
34,950 at 5.58%$200.20
34,950 at 5.59%$200.42
34,950 at 5.6%$200.64
34,950 at 5.61%$200.86
34,950 at 5.62%$201.08
34,950 at 5.63%$201.30
34,950 at 5.64%$201.52
34,950 at 5.65%$201.74
34,950 at 5.66%$201.96
34,950 at 5.67%$202.19
34,950 at 5.68%$202.41
34,950 at 5.69%$202.63
34,950 at 5.7%$202.85
34,950 at 5.71%$203.07
34,950 at 5.72%$203.29
34,950 at 5.73%$203.51
34,950 at 5.74%$203.74
34,950 at 5.75%$203.96
34,950 at 5.76%$204.18
34,950 at 5.77%$204.40
34,950 at 5.78%$204.63
34,950 at 5.79%$204.85
34,950 at 5.8%$205.07
34,950 at 5.81%$205.29
34,950 at 5.82%$205.52
34,950 at 5.83%$205.74
34,950 at 5.84%$205.96
34,950 at 5.85%$206.18
34,950 at 5.86%$206.41
34,950 at 5.87%$206.63
34,950 at 5.88%$206.85
34,950 at 5.89%$207.08
34,950 at 5.9%$207.30
34,950 at 5.91%$207.52
34,950 at 5.92%$207.75
34,950 at 5.93%$207.97
34,950 at 5.94%$208.20
34,950 at 5.95%$208.42
34,950 at 5.96%$208.64
34,950 at 5.97%$208.87
34,950 at 5.98%$209.09
34,950 at 5.99%$209.32
34,950 at 6%$209.54
34,950 at 6.01%$209.77
34,950 at 6.02%$209.99
34,950 at 6.03%$210.22
34,950 at 6.04%$210.44
34,950 at 6.05%$210.67
34,950 at 6.06%$210.89
34,950 at 6.07%$211.12
34,950 at 6.08%$211.34
34,950 at 6.09%$211.57
34,950 at 6.1%$211.80
34,950 at 6.11%$212.02
34,950 at 6.12%$212.25
34,950 at 6.13%$212.47
34,950 at 6.14%$212.70
34,950 at 6.15%$212.93
34,950 at 6.16%$213.15
34,950 at 6.17%$213.38
34,950 at 6.18%$213.60
34,950 at 6.19%$213.83
34,950 at 6.2%$214.06
34,950 at 6.21%$214.28
34,950 at 6.22%$214.51
34,950 at 6.23%$214.74
34,950 at 6.24%$214.97
34,950 at 6.25%$215.19
34,950 at 6.26%$215.42
34,950 at 6.27%$215.65
34,950 at 6.28%$215.88
34,950 at 6.29%$216.10
34,950 at 6.3%$216.33
34,950 at 6.31%$216.56
34,950 at 6.32%$216.79
34,950 at 6.33%$217.01
34,950 at 6.34%$217.24
34,950 at 6.35%$217.47
34,950 at 6.36%$217.70
34,950 at 6.37%$217.93
34,950 at 6.38%$218.16
34,950 at 6.39%$218.39
34,950 at 6.4%$218.61
34,950 at 6.41%$218.84
34,950 at 6.42%$219.07
34,950 at 6.43%$219.30
34,950 at 6.44%$219.53
34,950 at 6.45%$219.76
34,950 at 6.46%$219.99
34,950 at 6.47%$220.22
34,950 at 6.48%$220.45
34,950 at 6.49%$220.68
34,950 at 6.5%$220.91
Interest Rate 30 Year
34,950 at 6.51%$221.14
34,950 at 6.52%$221.37
34,950 at 6.53%$221.60
34,950 at 6.54%$221.83
34,950 at 6.55%$222.06
34,950 at 6.56%$222.29
34,950 at 6.57%$222.52
34,950 at 6.58%$222.75
34,950 at 6.59%$222.98
34,950 at 6.6%$223.21
34,950 at 6.61%$223.44
34,950 at 6.62%$223.67
34,950 at 6.63%$223.90
34,950 at 6.64%$224.14
34,950 at 6.65%$224.37
34,950 at 6.66%$224.60
34,950 at 6.67%$224.83
34,950 at 6.68%$225.06
34,950 at 6.69%$225.29
34,950 at 6.7%$225.52
34,950 at 6.71%$225.76
34,950 at 6.72%$225.99
34,950 at 6.73%$226.22
34,950 at 6.74%$226.45
34,950 at 6.75%$226.69
34,950 at 6.76%$226.92
34,950 at 6.77%$227.15
34,950 at 6.78%$227.38
34,950 at 6.79%$227.62
34,950 at 6.8%$227.85
34,950 at 6.81%$228.08
34,950 at 6.82%$228.31
34,950 at 6.83%$228.55
34,950 at 6.84%$228.78
34,950 at 6.85%$229.01
34,950 at 6.86%$229.25
34,950 at 6.87%$229.48
34,950 at 6.88%$229.71
34,950 at 6.89%$229.95
34,950 at 6.9%$230.18
34,950 at 6.91%$230.41
34,950 at 6.92%$230.65
34,950 at 6.93%$230.88
34,950 at 6.94%$231.12
34,950 at 6.95%$231.35
34,950 at 6.96%$231.59
34,950 at 6.97%$231.82
34,950 at 6.98%$232.05
34,950 at 6.99%$232.29
34,950 at 7%$232.52
34,950 at 7.01%$232.76
34,950 at 7.02%$232.99
34,950 at 7.03%$233.23
34,950 at 7.04%$233.46
34,950 at 7.05%$233.70
34,950 at 7.06%$233.93
34,950 at 7.07%$234.17
34,950 at 7.08%$234.40
34,950 at 7.09%$234.64
34,950 at 7.1%$234.88
34,950 at 7.11%$235.11
34,950 at 7.12%$235.35
34,950 at 7.13%$235.58
34,950 at 7.14%$235.82
34,950 at 7.15%$236.05
34,950 at 7.16%$236.29
34,950 at 7.17%$236.53
34,950 at 7.18%$236.76
34,950 at 7.19%$237.00
34,950 at 7.2%$237.24
34,950 at 7.21%$237.47
34,950 at 7.22%$237.71
34,950 at 7.23%$237.95
34,950 at 7.24%$238.18
34,950 at 7.25%$238.42
34,950 at 7.26%$238.66
34,950 at 7.27%$238.89
34,950 at 7.28%$239.13
34,950 at 7.29%$239.37
34,950 at 7.3%$239.61
34,950 at 7.31%$239.84
34,950 at 7.32%$240.08
34,950 at 7.33%$240.32
34,950 at 7.34%$240.56
34,950 at 7.35%$240.80
34,950 at 7.36%$241.03
34,950 at 7.37%$241.27
34,950 at 7.38%$241.51
34,950 at 7.39%$241.75
34,950 at 7.4%$241.99
34,950 at 7.41%$242.23
34,950 at 7.42%$242.46
34,950 at 7.43%$242.70
34,950 at 7.44%$242.94
34,950 at 7.45%$243.18
34,950 at 7.46%$243.42
34,950 at 7.47%$243.66
34,950 at 7.48%$243.90
34,950 at 7.49%$244.14
34,950 at 7.5%$244.38
34,950 at 7.51%$244.61
34,950 at 7.52%$244.85
34,950 at 7.53%$245.09
34,950 at 7.54%$245.33
34,950 at 7.55%$245.57
34,950 at 7.56%$245.81
34,950 at 7.57%$246.05
34,950 at 7.58%$246.29
34,950 at 7.59%$246.53
34,950 at 7.6%$246.77
34,950 at 7.61%$247.01
34,950 at 7.62%$247.25
34,950 at 7.63%$247.49
34,950 at 7.64%$247.73
34,950 at 7.65%$247.98
34,950 at 7.66%$248.22
34,950 at 7.67%$248.46
34,950 at 7.68%$248.70
34,950 at 7.69%$248.94
34,950 at 7.7%$249.18
34,950 at 7.71%$249.42
34,950 at 7.72%$249.66
34,950 at 7.73%$249.90
34,950 at 7.74%$250.14
34,950 at 7.75%$250.39
34,950 at 7.76%$250.63
34,950 at 7.77%$250.87
34,950 at 7.78%$251.11
34,950 at 7.79%$251.35
34,950 at 7.8%$251.59
34,950 at 7.81%$251.84
34,950 at 7.82%$252.08
34,950 at 7.83%$252.32
34,950 at 7.84%$252.56
34,950 at 7.85%$252.81
34,950 at 7.86%$253.05
34,950 at 7.87%$253.29
34,950 at 7.88%$253.53
34,950 at 7.89%$253.78
34,950 at 7.9%$254.02
34,950 at 7.91%$254.26
34,950 at 7.92%$254.50
34,950 at 7.93%$254.75
34,950 at 7.94%$254.99
34,950 at 7.95%$255.23
34,950 at 7.96%$255.48
34,950 at 7.97%$255.72
34,950 at 7.98%$255.96
34,950 at 7.99%$256.21
34,950 at 8%$256.45
More Amounts
What is the down payment for a $34,950 house? How much do you need to put down?
Percent Down Down Payment
1%350
2%699
3%1,049
4%1,398
5%1,748
6%2,097
7%2,447
8%2,796
9%3,146
10%3,495
11%3,845
12%4,194
13%4,544
14%4,893
15%5,243
16%5,592
17%5,942
18%6,291
19%6,641
20%6,990
Percent Down Down Payment
21%7,340
22%7,689
23%8,039
24%8,388
25%8,738
26%9,087
27%9,437
28%9,786
29%10,136
30%10,485
31%10,835
32%11,184
33%11,534
34%11,883
35%12,233
36%12,582
37%12,932
38%13,281
39%13,631
40%13,980
Percent Down Down Payment
41%14,330
42%14,679
43%15,029
44%15,378
45%15,728
46%16,077
47%16,427
48%16,776
49%17,126
50%17,475
51%17,825
52%18,174
53%18,524
54%18,873
55%19,223
56%19,572
57%19,922
58%20,271
59%20,621
60%20,970
Percent Down Down Payment
61%21,320
62%21,669
63%22,019
64%22,368
65%22,718
66%23,067
67%23,417
68%23,766
69%24,116
70%24,465
71%24,815
72%25,164
73%25,514
74%25,863
75%26,213
76%26,562
77%26,912
78%27,261
79%27,611
80%27,960
Percent Down Down Payment
81%28,310
82%28,659
83%29,009
84%29,358
85%29,708
86%30,057
87%30,407
88%30,756
89%31,106
90%31,455
91%31,805
92%32,154
93%32,504
94%32,853
95%33,203
96%33,552
97%33,902
98%34,251
99%34,601
100%34,950
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.