$38,400 Mortgage for 30 Years

What is the monthly payment of a 38,400 dollar loan?
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Loan Tables for a $38,400 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 38k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $38,400 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
38,400 at 2.01%$142.13
38,400 at 2.02%$142.32
38,400 at 2.03%$142.51
38,400 at 2.04%$142.70
38,400 at 2.05%$142.90
38,400 at 2.06%$143.09
38,400 at 2.07%$143.28
38,400 at 2.08%$143.48
38,400 at 2.09%$143.67
38,400 at 2.1%$143.86
38,400 at 2.11%$144.06
38,400 at 2.12%$144.25
38,400 at 2.13%$144.44
38,400 at 2.14%$144.64
38,400 at 2.15%$144.83
38,400 at 2.16%$145.03
38,400 at 2.17%$145.22
38,400 at 2.18%$145.42
38,400 at 2.19%$145.61
38,400 at 2.2%$145.81
38,400 at 2.21%$146.00
38,400 at 2.22%$146.20
38,400 at 2.23%$146.39
38,400 at 2.24%$146.59
38,400 at 2.25%$146.78
38,400 at 2.26%$146.98
38,400 at 2.27%$147.17
38,400 at 2.28%$147.37
38,400 at 2.29%$147.57
38,400 at 2.3%$147.76
38,400 at 2.31%$147.96
38,400 at 2.32%$148.16
38,400 at 2.33%$148.35
38,400 at 2.34%$148.55
38,400 at 2.35%$148.75
38,400 at 2.36%$148.95
38,400 at 2.37%$149.14
38,400 at 2.38%$149.34
38,400 at 2.39%$149.54
38,400 at 2.4%$149.74
38,400 at 2.41%$149.94
38,400 at 2.42%$150.13
38,400 at 2.43%$150.33
38,400 at 2.44%$150.53
38,400 at 2.45%$150.73
38,400 at 2.46%$150.93
38,400 at 2.47%$151.13
38,400 at 2.48%$151.33
38,400 at 2.49%$151.53
38,400 at 2.5%$151.73
38,400 at 2.51%$151.93
38,400 at 2.52%$152.13
38,400 at 2.53%$152.33
38,400 at 2.54%$152.53
38,400 at 2.55%$152.73
38,400 at 2.56%$152.93
38,400 at 2.57%$153.13
38,400 at 2.58%$153.33
38,400 at 2.59%$153.53
38,400 at 2.6%$153.73
38,400 at 2.61%$153.93
38,400 at 2.62%$154.13
38,400 at 2.63%$154.33
38,400 at 2.64%$154.54
38,400 at 2.65%$154.74
38,400 at 2.66%$154.94
38,400 at 2.67%$155.14
38,400 at 2.68%$155.34
38,400 at 2.69%$155.55
38,400 at 2.7%$155.75
38,400 at 2.71%$155.95
38,400 at 2.72%$156.16
38,400 at 2.73%$156.36
38,400 at 2.74%$156.56
38,400 at 2.75%$156.76
38,400 at 2.76%$156.97
38,400 at 2.77%$157.17
38,400 at 2.78%$157.38
38,400 at 2.79%$157.58
38,400 at 2.8%$157.78
38,400 at 2.81%$157.99
38,400 at 2.82%$158.19
38,400 at 2.83%$158.40
38,400 at 2.84%$158.60
38,400 at 2.85%$158.81
38,400 at 2.86%$159.01
38,400 at 2.87%$159.22
38,400 at 2.88%$159.42
38,400 at 2.89%$159.63
38,400 at 2.9%$159.83
38,400 at 2.91%$160.04
38,400 at 2.92%$160.24
38,400 at 2.93%$160.45
38,400 at 2.94%$160.66
38,400 at 2.95%$160.86
38,400 at 2.96%$161.07
38,400 at 2.97%$161.28
38,400 at 2.98%$161.48
38,400 at 2.99%$161.69
38,400 at 3%$161.90
38,400 at 3.01%$162.10
38,400 at 3.02%$162.31
38,400 at 3.03%$162.52
38,400 at 3.04%$162.73
38,400 at 3.05%$162.93
38,400 at 3.06%$163.14
38,400 at 3.07%$163.35
38,400 at 3.08%$163.56
38,400 at 3.09%$163.77
38,400 at 3.1%$163.97
38,400 at 3.11%$164.18
38,400 at 3.12%$164.39
38,400 at 3.13%$164.60
38,400 at 3.14%$164.81
38,400 at 3.15%$165.02
38,400 at 3.16%$165.23
38,400 at 3.17%$165.44
38,400 at 3.18%$165.65
38,400 at 3.19%$165.86
38,400 at 3.2%$166.07
38,400 at 3.21%$166.28
38,400 at 3.22%$166.49
38,400 at 3.23%$166.70
38,400 at 3.24%$166.91
38,400 at 3.25%$167.12
38,400 at 3.26%$167.33
38,400 at 3.27%$167.54
38,400 at 3.28%$167.75
38,400 at 3.29%$167.96
38,400 at 3.3%$168.17
38,400 at 3.31%$168.39
38,400 at 3.32%$168.60
38,400 at 3.33%$168.81
38,400 at 3.34%$169.02
38,400 at 3.35%$169.23
38,400 at 3.36%$169.45
38,400 at 3.37%$169.66
38,400 at 3.38%$169.87
38,400 at 3.39%$170.08
38,400 at 3.4%$170.30
38,400 at 3.41%$170.51
38,400 at 3.42%$170.72
38,400 at 3.43%$170.94
38,400 at 3.44%$171.15
38,400 at 3.45%$171.36
38,400 at 3.46%$171.58
38,400 at 3.47%$171.79
38,400 at 3.48%$172.00
38,400 at 3.49%$172.22
38,400 at 3.5%$172.43
Interest Rate 30 Year
38,400 at 3.51%$172.65
38,400 at 3.52%$172.86
38,400 at 3.53%$173.08
38,400 at 3.54%$173.29
38,400 at 3.55%$173.51
38,400 at 3.56%$173.72
38,400 at 3.57%$173.94
38,400 at 3.58%$174.15
38,400 at 3.59%$174.37
38,400 at 3.6%$174.58
38,400 at 3.61%$174.80
38,400 at 3.62%$175.02
38,400 at 3.63%$175.23
38,400 at 3.64%$175.45
38,400 at 3.65%$175.66
38,400 at 3.66%$175.88
38,400 at 3.67%$176.10
38,400 at 3.68%$176.31
38,400 at 3.69%$176.53
38,400 at 3.7%$176.75
38,400 at 3.71%$176.97
38,400 at 3.72%$177.18
38,400 at 3.73%$177.40
38,400 at 3.74%$177.62
38,400 at 3.75%$177.84
38,400 at 3.76%$178.05
38,400 at 3.77%$178.27
38,400 at 3.78%$178.49
38,400 at 3.79%$178.71
38,400 at 3.8%$178.93
38,400 at 3.81%$179.15
38,400 at 3.82%$179.37
38,400 at 3.83%$179.58
38,400 at 3.84%$179.80
38,400 at 3.85%$180.02
38,400 at 3.86%$180.24
38,400 at 3.87%$180.46
38,400 at 3.88%$180.68
38,400 at 3.89%$180.90
38,400 at 3.9%$181.12
38,400 at 3.91%$181.34
38,400 at 3.92%$181.56
38,400 at 3.93%$181.78
38,400 at 3.94%$182.00
38,400 at 3.95%$182.22
38,400 at 3.96%$182.44
38,400 at 3.97%$182.66
38,400 at 3.98%$182.88
38,400 at 3.99%$183.11
38,400 at 4%$183.33
38,400 at 4.01%$183.55
38,400 at 4.02%$183.77
38,400 at 4.03%$183.99
38,400 at 4.04%$184.21
38,400 at 4.05%$184.44
38,400 at 4.06%$184.66
38,400 at 4.07%$184.88
38,400 at 4.08%$185.10
38,400 at 4.09%$185.33
38,400 at 4.1%$185.55
38,400 at 4.11%$185.77
38,400 at 4.12%$185.99
38,400 at 4.13%$186.22
38,400 at 4.14%$186.44
38,400 at 4.15%$186.66
38,400 at 4.16%$186.89
38,400 at 4.17%$187.11
38,400 at 4.18%$187.33
38,400 at 4.19%$187.56
38,400 at 4.2%$187.78
38,400 at 4.21%$188.01
38,400 at 4.22%$188.23
38,400 at 4.23%$188.46
38,400 at 4.24%$188.68
38,400 at 4.25%$188.90
38,400 at 4.26%$189.13
38,400 at 4.27%$189.35
38,400 at 4.28%$189.58
38,400 at 4.29%$189.81
38,400 at 4.3%$190.03
38,400 at 4.31%$190.26
38,400 at 4.32%$190.48
38,400 at 4.33%$190.71
38,400 at 4.34%$190.93
38,400 at 4.35%$191.16
38,400 at 4.36%$191.39
38,400 at 4.37%$191.61
38,400 at 4.38%$191.84
38,400 at 4.39%$192.07
38,400 at 4.4%$192.29
38,400 at 4.41%$192.52
38,400 at 4.42%$192.75
38,400 at 4.43%$192.97
38,400 at 4.44%$193.20
38,400 at 4.45%$193.43
38,400 at 4.46%$193.66
38,400 at 4.47%$193.88
38,400 at 4.48%$194.11
38,400 at 4.49%$194.34
38,400 at 4.5%$194.57
38,400 at 4.51%$194.80
38,400 at 4.52%$195.02
38,400 at 4.53%$195.25
38,400 at 4.54%$195.48
38,400 at 4.55%$195.71
38,400 at 4.56%$195.94
38,400 at 4.57%$196.17
38,400 at 4.58%$196.40
38,400 at 4.59%$196.63
38,400 at 4.6%$196.86
38,400 at 4.61%$197.08
38,400 at 4.62%$197.31
38,400 at 4.63%$197.54
38,400 at 4.64%$197.77
38,400 at 4.65%$198.00
38,400 at 4.66%$198.23
38,400 at 4.67%$198.47
38,400 at 4.68%$198.70
38,400 at 4.69%$198.93
38,400 at 4.7%$199.16
38,400 at 4.71%$199.39
38,400 at 4.72%$199.62
38,400 at 4.73%$199.85
38,400 at 4.74%$200.08
38,400 at 4.75%$200.31
38,400 at 4.76%$200.54
38,400 at 4.77%$200.78
38,400 at 4.78%$201.01
38,400 at 4.79%$201.24
38,400 at 4.8%$201.47
38,400 at 4.81%$201.70
38,400 at 4.82%$201.94
38,400 at 4.83%$202.17
38,400 at 4.84%$202.40
38,400 at 4.85%$202.63
38,400 at 4.86%$202.87
38,400 at 4.87%$203.10
38,400 at 4.88%$203.33
38,400 at 4.89%$203.57
38,400 at 4.9%$203.80
38,400 at 4.91%$204.03
38,400 at 4.92%$204.27
38,400 at 4.93%$204.50
38,400 at 4.94%$204.73
38,400 at 4.95%$204.97
38,400 at 4.96%$205.20
38,400 at 4.97%$205.44
38,400 at 4.98%$205.67
38,400 at 4.99%$205.90
38,400 at 5%$206.14
Interest Rate 30 Year
38,400 at 5.01%$206.37
38,400 at 5.02%$206.61
38,400 at 5.03%$206.84
38,400 at 5.04%$207.08
38,400 at 5.05%$207.31
38,400 at 5.06%$207.55
38,400 at 5.07%$207.79
38,400 at 5.08%$208.02
38,400 at 5.09%$208.26
38,400 at 5.1%$208.49
38,400 at 5.11%$208.73
38,400 at 5.12%$208.96
38,400 at 5.13%$209.20
38,400 at 5.14%$209.44
38,400 at 5.15%$209.67
38,400 at 5.16%$209.91
38,400 at 5.17%$210.15
38,400 at 5.18%$210.38
38,400 at 5.19%$210.62
38,400 at 5.2%$210.86
38,400 at 5.21%$211.10
38,400 at 5.22%$211.33
38,400 at 5.23%$211.57
38,400 at 5.24%$211.81
38,400 at 5.25%$212.05
38,400 at 5.26%$212.28
38,400 at 5.27%$212.52
38,400 at 5.28%$212.76
38,400 at 5.29%$213.00
38,400 at 5.3%$213.24
38,400 at 5.31%$213.48
38,400 at 5.32%$213.71
38,400 at 5.33%$213.95
38,400 at 5.34%$214.19
38,400 at 5.35%$214.43
38,400 at 5.36%$214.67
38,400 at 5.37%$214.91
38,400 at 5.38%$215.15
38,400 at 5.39%$215.39
38,400 at 5.4%$215.63
38,400 at 5.41%$215.87
38,400 at 5.42%$216.11
38,400 at 5.43%$216.35
38,400 at 5.44%$216.59
38,400 at 5.45%$216.83
38,400 at 5.46%$217.07
38,400 at 5.47%$217.31
38,400 at 5.48%$217.55
38,400 at 5.49%$217.79
38,400 at 5.5%$218.03
38,400 at 5.51%$218.27
38,400 at 5.52%$218.51
38,400 at 5.53%$218.75
38,400 at 5.54%$219.00
38,400 at 5.55%$219.24
38,400 at 5.56%$219.48
38,400 at 5.57%$219.72
38,400 at 5.58%$219.96
38,400 at 5.59%$220.20
38,400 at 5.6%$220.45
38,400 at 5.61%$220.69
38,400 at 5.62%$220.93
38,400 at 5.63%$221.17
38,400 at 5.64%$221.42
38,400 at 5.65%$221.66
38,400 at 5.66%$221.90
38,400 at 5.67%$222.14
38,400 at 5.68%$222.39
38,400 at 5.69%$222.63
38,400 at 5.7%$222.87
38,400 at 5.71%$223.12
38,400 at 5.72%$223.36
38,400 at 5.73%$223.60
38,400 at 5.74%$223.85
38,400 at 5.75%$224.09
38,400 at 5.76%$224.34
38,400 at 5.77%$224.58
38,400 at 5.78%$224.82
38,400 at 5.79%$225.07
38,400 at 5.8%$225.31
38,400 at 5.81%$225.56
38,400 at 5.82%$225.80
38,400 at 5.83%$226.05
38,400 at 5.84%$226.29
38,400 at 5.85%$226.54
38,400 at 5.86%$226.78
38,400 at 5.87%$227.03
38,400 at 5.88%$227.27
38,400 at 5.89%$227.52
38,400 at 5.9%$227.76
38,400 at 5.91%$228.01
38,400 at 5.92%$228.26
38,400 at 5.93%$228.50
38,400 at 5.94%$228.75
38,400 at 5.95%$228.99
38,400 at 5.96%$229.24
38,400 at 5.97%$229.49
38,400 at 5.98%$229.73
38,400 at 5.99%$229.98
38,400 at 6%$230.23
38,400 at 6.01%$230.47
38,400 at 6.02%$230.72
38,400 at 6.03%$230.97
38,400 at 6.04%$231.22
38,400 at 6.05%$231.46
38,400 at 6.06%$231.71
38,400 at 6.07%$231.96
38,400 at 6.08%$232.21
38,400 at 6.09%$232.45
38,400 at 6.1%$232.70
38,400 at 6.11%$232.95
38,400 at 6.12%$233.20
38,400 at 6.13%$233.45
38,400 at 6.14%$233.70
38,400 at 6.15%$233.94
38,400 at 6.16%$234.19
38,400 at 6.17%$234.44
38,400 at 6.18%$234.69
38,400 at 6.19%$234.94
38,400 at 6.2%$235.19
38,400 at 6.21%$235.44
38,400 at 6.22%$235.69
38,400 at 6.23%$235.94
38,400 at 6.24%$236.19
38,400 at 6.25%$236.44
38,400 at 6.26%$236.69
38,400 at 6.27%$236.94
38,400 at 6.28%$237.19
38,400 at 6.29%$237.44
38,400 at 6.3%$237.69
38,400 at 6.31%$237.94
38,400 at 6.32%$238.19
38,400 at 6.33%$238.44
38,400 at 6.34%$238.69
38,400 at 6.35%$238.94
38,400 at 6.36%$239.19
38,400 at 6.37%$239.44
38,400 at 6.38%$239.69
38,400 at 6.39%$239.94
38,400 at 6.4%$240.19
38,400 at 6.41%$240.45
38,400 at 6.42%$240.70
38,400 at 6.43%$240.95
38,400 at 6.44%$241.20
38,400 at 6.45%$241.45
38,400 at 6.46%$241.70
38,400 at 6.47%$241.96
38,400 at 6.48%$242.21
38,400 at 6.49%$242.46
38,400 at 6.5%$242.71
Interest Rate 30 Year
38,400 at 6.51%$242.97
38,400 at 6.52%$243.22
38,400 at 6.53%$243.47
38,400 at 6.54%$243.73
38,400 at 6.55%$243.98
38,400 at 6.56%$244.23
38,400 at 6.57%$244.48
38,400 at 6.58%$244.74
38,400 at 6.59%$244.99
38,400 at 6.6%$245.24
38,400 at 6.61%$245.50
38,400 at 6.62%$245.75
38,400 at 6.63%$246.01
38,400 at 6.64%$246.26
38,400 at 6.65%$246.51
38,400 at 6.66%$246.77
38,400 at 6.67%$247.02
38,400 at 6.68%$247.28
38,400 at 6.69%$247.53
38,400 at 6.7%$247.79
38,400 at 6.71%$248.04
38,400 at 6.72%$248.30
38,400 at 6.73%$248.55
38,400 at 6.74%$248.81
38,400 at 6.75%$249.06
38,400 at 6.76%$249.32
38,400 at 6.77%$249.57
38,400 at 6.78%$249.83
38,400 at 6.79%$250.08
38,400 at 6.8%$250.34
38,400 at 6.81%$250.60
38,400 at 6.82%$250.85
38,400 at 6.83%$251.11
38,400 at 6.84%$251.36
38,400 at 6.85%$251.62
38,400 at 6.86%$251.88
38,400 at 6.87%$252.13
38,400 at 6.88%$252.39
38,400 at 6.89%$252.65
38,400 at 6.9%$252.90
38,400 at 6.91%$253.16
38,400 at 6.92%$253.42
38,400 at 6.93%$253.67
38,400 at 6.94%$253.93
38,400 at 6.95%$254.19
38,400 at 6.96%$254.45
38,400 at 6.97%$254.70
38,400 at 6.98%$254.96
38,400 at 6.99%$255.22
38,400 at 7%$255.48
38,400 at 7.01%$255.73
38,400 at 7.02%$255.99
38,400 at 7.03%$256.25
38,400 at 7.04%$256.51
38,400 at 7.05%$256.77
38,400 at 7.06%$257.03
38,400 at 7.07%$257.28
38,400 at 7.08%$257.54
38,400 at 7.09%$257.80
38,400 at 7.1%$258.06
38,400 at 7.11%$258.32
38,400 at 7.12%$258.58
38,400 at 7.13%$258.84
38,400 at 7.14%$259.10
38,400 at 7.15%$259.36
38,400 at 7.16%$259.62
38,400 at 7.17%$259.88
38,400 at 7.18%$260.13
38,400 at 7.19%$260.39
38,400 at 7.2%$260.65
38,400 at 7.21%$260.91
38,400 at 7.22%$261.17
38,400 at 7.23%$261.43
38,400 at 7.24%$261.70
38,400 at 7.25%$261.96
38,400 at 7.26%$262.22
38,400 at 7.27%$262.48
38,400 at 7.28%$262.74
38,400 at 7.29%$263.00
38,400 at 7.3%$263.26
38,400 at 7.31%$263.52
38,400 at 7.32%$263.78
38,400 at 7.33%$264.04
38,400 at 7.34%$264.30
38,400 at 7.35%$264.57
38,400 at 7.36%$264.83
38,400 at 7.37%$265.09
38,400 at 7.38%$265.35
38,400 at 7.39%$265.61
38,400 at 7.4%$265.87
38,400 at 7.41%$266.14
38,400 at 7.42%$266.40
38,400 at 7.43%$266.66
38,400 at 7.44%$266.92
38,400 at 7.45%$267.18
38,400 at 7.46%$267.45
38,400 at 7.47%$267.71
38,400 at 7.48%$267.97
38,400 at 7.49%$268.24
38,400 at 7.5%$268.50
38,400 at 7.51%$268.76
38,400 at 7.52%$269.02
38,400 at 7.53%$269.29
38,400 at 7.54%$269.55
38,400 at 7.55%$269.81
38,400 at 7.56%$270.08
38,400 at 7.57%$270.34
38,400 at 7.58%$270.61
38,400 at 7.59%$270.87
38,400 at 7.6%$271.13
38,400 at 7.61%$271.40
38,400 at 7.62%$271.66
38,400 at 7.63%$271.92
38,400 at 7.64%$272.19
38,400 at 7.65%$272.45
38,400 at 7.66%$272.72
38,400 at 7.67%$272.98
38,400 at 7.68%$273.25
38,400 at 7.69%$273.51
38,400 at 7.7%$273.78
38,400 at 7.71%$274.04
38,400 at 7.72%$274.31
38,400 at 7.73%$274.57
38,400 at 7.74%$274.84
38,400 at 7.75%$275.10
38,400 at 7.76%$275.37
38,400 at 7.77%$275.63
38,400 at 7.78%$275.90
38,400 at 7.79%$276.16
38,400 at 7.8%$276.43
38,400 at 7.81%$276.70
38,400 at 7.82%$276.96
38,400 at 7.83%$277.23
38,400 at 7.84%$277.49
38,400 at 7.85%$277.76
38,400 at 7.86%$278.03
38,400 at 7.87%$278.29
38,400 at 7.88%$278.56
38,400 at 7.89%$278.83
38,400 at 7.9%$279.09
38,400 at 7.91%$279.36
38,400 at 7.92%$279.63
38,400 at 7.93%$279.89
38,400 at 7.94%$280.16
38,400 at 7.95%$280.43
38,400 at 7.96%$280.70
38,400 at 7.97%$280.96
38,400 at 7.98%$281.23
38,400 at 7.99%$281.50
38,400 at 8%$281.77
More Amounts
What is the down payment for a $38,400 house? How much do you need to put down?
Percent Down Down Payment
1%384
2%768
3%1,152
4%1,536
5%1,920
6%2,304
7%2,688
8%3,072
9%3,456
10%3,840
11%4,224
12%4,608
13%4,992
14%5,376
15%5,760
16%6,144
17%6,528
18%6,912
19%7,296
20%7,680
Percent Down Down Payment
21%8,064
22%8,448
23%8,832
24%9,216
25%9,600
26%9,984
27%10,368
28%10,752
29%11,136
30%11,520
31%11,904
32%12,288
33%12,672
34%13,056
35%13,440
36%13,824
37%14,208
38%14,592
39%14,976
40%15,360
Percent Down Down Payment
41%15,744
42%16,128
43%16,512
44%16,896
45%17,280
46%17,664
47%18,048
48%18,432
49%18,816
50%19,200
51%19,584
52%19,968
53%20,352
54%20,736
55%21,120
56%21,504
57%21,888
58%22,272
59%22,656
60%23,040
Percent Down Down Payment
61%23,424
62%23,808
63%24,192
64%24,576
65%24,960
66%25,344
67%25,728
68%26,112
69%26,496
70%26,880
71%27,264
72%27,648
73%28,032
74%28,416
75%28,800
76%29,184
77%29,568
78%29,952
79%30,336
80%30,720
Percent Down Down Payment
81%31,104
82%31,488
83%31,872
84%32,256
85%32,640
86%33,024
87%33,408
88%33,792
89%34,176
90%34,560
91%34,944
92%35,328
93%35,712
94%36,096
95%36,480
96%36,864
97%37,248
98%37,632
99%38,016
100%38,400
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.