$38,450 Mortgage for 30 Years

What is the monthly payment of a 38,450 dollar loan?
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Loan Tables for a $38,450 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 $38,450 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
38,450 at 2.01%$142.31
38,450 at 2.02%$142.50
38,450 at 2.03%$142.70
38,450 at 2.04%$142.89
38,450 at 2.05%$143.08
38,450 at 2.06%$143.28
38,450 at 2.07%$143.47
38,450 at 2.08%$143.66
38,450 at 2.09%$143.86
38,450 at 2.1%$144.05
38,450 at 2.11%$144.24
38,450 at 2.12%$144.44
38,450 at 2.13%$144.63
38,450 at 2.14%$144.83
38,450 at 2.15%$145.02
38,450 at 2.16%$145.21
38,450 at 2.17%$145.41
38,450 at 2.18%$145.60
38,450 at 2.19%$145.80
38,450 at 2.2%$145.99
38,450 at 2.21%$146.19
38,450 at 2.22%$146.39
38,450 at 2.23%$146.58
38,450 at 2.24%$146.78
38,450 at 2.25%$146.97
38,450 at 2.26%$147.17
38,450 at 2.27%$147.37
38,450 at 2.28%$147.56
38,450 at 2.29%$147.76
38,450 at 2.3%$147.96
38,450 at 2.31%$148.15
38,450 at 2.32%$148.35
38,450 at 2.33%$148.55
38,450 at 2.34%$148.74
38,450 at 2.35%$148.94
38,450 at 2.36%$149.14
38,450 at 2.37%$149.34
38,450 at 2.38%$149.54
38,450 at 2.39%$149.73
38,450 at 2.4%$149.93
38,450 at 2.41%$150.13
38,450 at 2.42%$150.33
38,450 at 2.43%$150.53
38,450 at 2.44%$150.73
38,450 at 2.45%$150.93
38,450 at 2.46%$151.13
38,450 at 2.47%$151.32
38,450 at 2.48%$151.52
38,450 at 2.49%$151.72
38,450 at 2.5%$151.92
38,450 at 2.51%$152.12
38,450 at 2.52%$152.32
38,450 at 2.53%$152.52
38,450 at 2.54%$152.72
38,450 at 2.55%$152.93
38,450 at 2.56%$153.13
38,450 at 2.57%$153.33
38,450 at 2.58%$153.53
38,450 at 2.59%$153.73
38,450 at 2.6%$153.93
38,450 at 2.61%$154.13
38,450 at 2.62%$154.33
38,450 at 2.63%$154.54
38,450 at 2.64%$154.74
38,450 at 2.65%$154.94
38,450 at 2.66%$155.14
38,450 at 2.67%$155.34
38,450 at 2.68%$155.55
38,450 at 2.69%$155.75
38,450 at 2.7%$155.95
38,450 at 2.71%$156.16
38,450 at 2.72%$156.36
38,450 at 2.73%$156.56
38,450 at 2.74%$156.77
38,450 at 2.75%$156.97
38,450 at 2.76%$157.17
38,450 at 2.77%$157.38
38,450 at 2.78%$157.58
38,450 at 2.79%$157.78
38,450 at 2.8%$157.99
38,450 at 2.81%$158.19
38,450 at 2.82%$158.40
38,450 at 2.83%$158.60
38,450 at 2.84%$158.81
38,450 at 2.85%$159.01
38,450 at 2.86%$159.22
38,450 at 2.87%$159.42
38,450 at 2.88%$159.63
38,450 at 2.89%$159.83
38,450 at 2.9%$160.04
38,450 at 2.91%$160.25
38,450 at 2.92%$160.45
38,450 at 2.93%$160.66
38,450 at 2.94%$160.87
38,450 at 2.95%$161.07
38,450 at 2.96%$161.28
38,450 at 2.97%$161.49
38,450 at 2.98%$161.69
38,450 at 2.99%$161.90
38,450 at 3%$162.11
38,450 at 3.01%$162.31
38,450 at 3.02%$162.52
38,450 at 3.03%$162.73
38,450 at 3.04%$162.94
38,450 at 3.05%$163.15
38,450 at 3.06%$163.35
38,450 at 3.07%$163.56
38,450 at 3.08%$163.77
38,450 at 3.09%$163.98
38,450 at 3.1%$164.19
38,450 at 3.11%$164.40
38,450 at 3.12%$164.61
38,450 at 3.13%$164.81
38,450 at 3.14%$165.02
38,450 at 3.15%$165.23
38,450 at 3.16%$165.44
38,450 at 3.17%$165.65
38,450 at 3.18%$165.86
38,450 at 3.19%$166.07
38,450 at 3.2%$166.28
38,450 at 3.21%$166.49
38,450 at 3.22%$166.70
38,450 at 3.23%$166.92
38,450 at 3.24%$167.13
38,450 at 3.25%$167.34
38,450 at 3.26%$167.55
38,450 at 3.27%$167.76
38,450 at 3.28%$167.97
38,450 at 3.29%$168.18
38,450 at 3.3%$168.39
38,450 at 3.31%$168.61
38,450 at 3.32%$168.82
38,450 at 3.33%$169.03
38,450 at 3.34%$169.24
38,450 at 3.35%$169.45
38,450 at 3.36%$169.67
38,450 at 3.37%$169.88
38,450 at 3.38%$170.09
38,450 at 3.39%$170.31
38,450 at 3.4%$170.52
38,450 at 3.41%$170.73
38,450 at 3.42%$170.95
38,450 at 3.43%$171.16
38,450 at 3.44%$171.37
38,450 at 3.45%$171.59
38,450 at 3.46%$171.80
38,450 at 3.47%$172.01
38,450 at 3.48%$172.23
38,450 at 3.49%$172.44
38,450 at 3.5%$172.66
Interest Rate 30 Year
38,450 at 3.51%$172.87
38,450 at 3.52%$173.09
38,450 at 3.53%$173.30
38,450 at 3.54%$173.52
38,450 at 3.55%$173.73
38,450 at 3.56%$173.95
38,450 at 3.57%$174.16
38,450 at 3.58%$174.38
38,450 at 3.59%$174.60
38,450 at 3.6%$174.81
38,450 at 3.61%$175.03
38,450 at 3.62%$175.24
38,450 at 3.63%$175.46
38,450 at 3.64%$175.68
38,450 at 3.65%$175.89
38,450 at 3.66%$176.11
38,450 at 3.67%$176.33
38,450 at 3.68%$176.54
38,450 at 3.69%$176.76
38,450 at 3.7%$176.98
38,450 at 3.71%$177.20
38,450 at 3.72%$177.41
38,450 at 3.73%$177.63
38,450 at 3.74%$177.85
38,450 at 3.75%$178.07
38,450 at 3.76%$178.29
38,450 at 3.77%$178.50
38,450 at 3.78%$178.72
38,450 at 3.79%$178.94
38,450 at 3.8%$179.16
38,450 at 3.81%$179.38
38,450 at 3.82%$179.60
38,450 at 3.83%$179.82
38,450 at 3.84%$180.04
38,450 at 3.85%$180.26
38,450 at 3.86%$180.48
38,450 at 3.87%$180.70
38,450 at 3.88%$180.92
38,450 at 3.89%$181.14
38,450 at 3.9%$181.36
38,450 at 3.91%$181.58
38,450 at 3.92%$181.80
38,450 at 3.93%$182.02
38,450 at 3.94%$182.24
38,450 at 3.95%$182.46
38,450 at 3.96%$182.68
38,450 at 3.97%$182.90
38,450 at 3.98%$183.12
38,450 at 3.99%$183.34
38,450 at 4%$183.57
38,450 at 4.01%$183.79
38,450 at 4.02%$184.01
38,450 at 4.03%$184.23
38,450 at 4.04%$184.45
38,450 at 4.05%$184.68
38,450 at 4.06%$184.90
38,450 at 4.07%$185.12
38,450 at 4.08%$185.34
38,450 at 4.09%$185.57
38,450 at 4.1%$185.79
38,450 at 4.11%$186.01
38,450 at 4.12%$186.24
38,450 at 4.13%$186.46
38,450 at 4.14%$186.68
38,450 at 4.15%$186.91
38,450 at 4.16%$187.13
38,450 at 4.17%$187.35
38,450 at 4.18%$187.58
38,450 at 4.19%$187.80
38,450 at 4.2%$188.03
38,450 at 4.21%$188.25
38,450 at 4.22%$188.48
38,450 at 4.23%$188.70
38,450 at 4.24%$188.93
38,450 at 4.25%$189.15
38,450 at 4.26%$189.38
38,450 at 4.27%$189.60
38,450 at 4.28%$189.83
38,450 at 4.29%$190.05
38,450 at 4.3%$190.28
38,450 at 4.31%$190.50
38,450 at 4.32%$190.73
38,450 at 4.33%$190.96
38,450 at 4.34%$191.18
38,450 at 4.35%$191.41
38,450 at 4.36%$191.64
38,450 at 4.37%$191.86
38,450 at 4.38%$192.09
38,450 at 4.39%$192.32
38,450 at 4.4%$192.54
38,450 at 4.41%$192.77
38,450 at 4.42%$193.00
38,450 at 4.43%$193.22
38,450 at 4.44%$193.45
38,450 at 4.45%$193.68
38,450 at 4.46%$193.91
38,450 at 4.47%$194.14
38,450 at 4.48%$194.36
38,450 at 4.49%$194.59
38,450 at 4.5%$194.82
38,450 at 4.51%$195.05
38,450 at 4.52%$195.28
38,450 at 4.53%$195.51
38,450 at 4.54%$195.74
38,450 at 4.55%$195.96
38,450 at 4.56%$196.19
38,450 at 4.57%$196.42
38,450 at 4.58%$196.65
38,450 at 4.59%$196.88
38,450 at 4.6%$197.11
38,450 at 4.61%$197.34
38,450 at 4.62%$197.57
38,450 at 4.63%$197.80
38,450 at 4.64%$198.03
38,450 at 4.65%$198.26
38,450 at 4.66%$198.49
38,450 at 4.67%$198.72
38,450 at 4.68%$198.95
38,450 at 4.69%$199.19
38,450 at 4.7%$199.42
38,450 at 4.71%$199.65
38,450 at 4.72%$199.88
38,450 at 4.73%$200.11
38,450 at 4.74%$200.34
38,450 at 4.75%$200.57
38,450 at 4.76%$200.81
38,450 at 4.77%$201.04
38,450 at 4.78%$201.27
38,450 at 4.79%$201.50
38,450 at 4.8%$201.73
38,450 at 4.81%$201.97
38,450 at 4.82%$202.20
38,450 at 4.83%$202.43
38,450 at 4.84%$202.66
38,450 at 4.85%$202.90
38,450 at 4.86%$203.13
38,450 at 4.87%$203.36
38,450 at 4.88%$203.60
38,450 at 4.89%$203.83
38,450 at 4.9%$204.06
38,450 at 4.91%$204.30
38,450 at 4.92%$204.53
38,450 at 4.93%$204.77
38,450 at 4.94%$205.00
38,450 at 4.95%$205.23
38,450 at 4.96%$205.47
38,450 at 4.97%$205.70
38,450 at 4.98%$205.94
38,450 at 4.99%$206.17
38,450 at 5%$206.41
Interest Rate 30 Year
38,450 at 5.01%$206.64
38,450 at 5.02%$206.88
38,450 at 5.03%$207.11
38,450 at 5.04%$207.35
38,450 at 5.05%$207.58
38,450 at 5.06%$207.82
38,450 at 5.07%$208.06
38,450 at 5.08%$208.29
38,450 at 5.09%$208.53
38,450 at 5.1%$208.76
38,450 at 5.11%$209.00
38,450 at 5.12%$209.24
38,450 at 5.13%$209.47
38,450 at 5.14%$209.71
38,450 at 5.15%$209.95
38,450 at 5.16%$210.18
38,450 at 5.17%$210.42
38,450 at 5.18%$210.66
38,450 at 5.19%$210.90
38,450 at 5.2%$211.13
38,450 at 5.21%$211.37
38,450 at 5.22%$211.61
38,450 at 5.23%$211.85
38,450 at 5.24%$212.08
38,450 at 5.25%$212.32
38,450 at 5.26%$212.56
38,450 at 5.27%$212.80
38,450 at 5.28%$213.04
38,450 at 5.29%$213.28
38,450 at 5.3%$213.51
38,450 at 5.31%$213.75
38,450 at 5.32%$213.99
38,450 at 5.33%$214.23
38,450 at 5.34%$214.47
38,450 at 5.35%$214.71
38,450 at 5.36%$214.95
38,450 at 5.37%$215.19
38,450 at 5.38%$215.43
38,450 at 5.39%$215.67
38,450 at 5.4%$215.91
38,450 at 5.41%$216.15
38,450 at 5.42%$216.39
38,450 at 5.43%$216.63
38,450 at 5.44%$216.87
38,450 at 5.45%$217.11
38,450 at 5.46%$217.35
38,450 at 5.47%$217.59
38,450 at 5.48%$217.83
38,450 at 5.49%$218.07
38,450 at 5.5%$218.31
38,450 at 5.51%$218.56
38,450 at 5.52%$218.80
38,450 at 5.53%$219.04
38,450 at 5.54%$219.28
38,450 at 5.55%$219.52
38,450 at 5.56%$219.76
38,450 at 5.57%$220.01
38,450 at 5.58%$220.25
38,450 at 5.59%$220.49
38,450 at 5.6%$220.73
38,450 at 5.61%$220.98
38,450 at 5.62%$221.22
38,450 at 5.63%$221.46
38,450 at 5.64%$221.70
38,450 at 5.65%$221.95
38,450 at 5.66%$222.19
38,450 at 5.67%$222.43
38,450 at 5.68%$222.68
38,450 at 5.69%$222.92
38,450 at 5.7%$223.16
38,450 at 5.71%$223.41
38,450 at 5.72%$223.65
38,450 at 5.73%$223.90
38,450 at 5.74%$224.14
38,450 at 5.75%$224.38
38,450 at 5.76%$224.63
38,450 at 5.77%$224.87
38,450 at 5.78%$225.12
38,450 at 5.79%$225.36
38,450 at 5.8%$225.61
38,450 at 5.81%$225.85
38,450 at 5.82%$226.10
38,450 at 5.83%$226.34
38,450 at 5.84%$226.59
38,450 at 5.85%$226.83
38,450 at 5.86%$227.08
38,450 at 5.87%$227.32
38,450 at 5.88%$227.57
38,450 at 5.89%$227.82
38,450 at 5.9%$228.06
38,450 at 5.91%$228.31
38,450 at 5.92%$228.55
38,450 at 5.93%$228.80
38,450 at 5.94%$229.05
38,450 at 5.95%$229.29
38,450 at 5.96%$229.54
38,450 at 5.97%$229.79
38,450 at 5.98%$230.03
38,450 at 5.99%$230.28
38,450 at 6%$230.53
38,450 at 6.01%$230.77
38,450 at 6.02%$231.02
38,450 at 6.03%$231.27
38,450 at 6.04%$231.52
38,450 at 6.05%$231.76
38,450 at 6.06%$232.01
38,450 at 6.07%$232.26
38,450 at 6.08%$232.51
38,450 at 6.09%$232.76
38,450 at 6.1%$233.00
38,450 at 6.11%$233.25
38,450 at 6.12%$233.50
38,450 at 6.13%$233.75
38,450 at 6.14%$234.00
38,450 at 6.15%$234.25
38,450 at 6.16%$234.50
38,450 at 6.17%$234.75
38,450 at 6.18%$235.00
38,450 at 6.19%$235.24
38,450 at 6.2%$235.49
38,450 at 6.21%$235.74
38,450 at 6.22%$235.99
38,450 at 6.23%$236.24
38,450 at 6.24%$236.49
38,450 at 6.25%$236.74
38,450 at 6.26%$236.99
38,450 at 6.27%$237.24
38,450 at 6.28%$237.49
38,450 at 6.29%$237.74
38,450 at 6.3%$238.00
38,450 at 6.31%$238.25
38,450 at 6.32%$238.50
38,450 at 6.33%$238.75
38,450 at 6.34%$239.00
38,450 at 6.35%$239.25
38,450 at 6.36%$239.50
38,450 at 6.37%$239.75
38,450 at 6.38%$240.00
38,450 at 6.39%$240.26
38,450 at 6.4%$240.51
38,450 at 6.41%$240.76
38,450 at 6.42%$241.01
38,450 at 6.43%$241.26
38,450 at 6.44%$241.51
38,450 at 6.45%$241.77
38,450 at 6.46%$242.02
38,450 at 6.47%$242.27
38,450 at 6.48%$242.52
38,450 at 6.49%$242.78
38,450 at 6.5%$243.03
Interest Rate 30 Year
38,450 at 6.51%$243.28
38,450 at 6.52%$243.54
38,450 at 6.53%$243.79
38,450 at 6.54%$244.04
38,450 at 6.55%$244.30
38,450 at 6.56%$244.55
38,450 at 6.57%$244.80
38,450 at 6.58%$245.06
38,450 at 6.59%$245.31
38,450 at 6.6%$245.56
38,450 at 6.61%$245.82
38,450 at 6.62%$246.07
38,450 at 6.63%$246.33
38,450 at 6.64%$246.58
38,450 at 6.65%$246.84
38,450 at 6.66%$247.09
38,450 at 6.67%$247.34
38,450 at 6.68%$247.60
38,450 at 6.69%$247.85
38,450 at 6.7%$248.11
38,450 at 6.71%$248.36
38,450 at 6.72%$248.62
38,450 at 6.73%$248.88
38,450 at 6.74%$249.13
38,450 at 6.75%$249.39
38,450 at 6.76%$249.64
38,450 at 6.77%$249.90
38,450 at 6.78%$250.15
38,450 at 6.79%$250.41
38,450 at 6.8%$250.67
38,450 at 6.81%$250.92
38,450 at 6.82%$251.18
38,450 at 6.83%$251.43
38,450 at 6.84%$251.69
38,450 at 6.85%$251.95
38,450 at 6.86%$252.20
38,450 at 6.87%$252.46
38,450 at 6.88%$252.72
38,450 at 6.89%$252.97
38,450 at 6.9%$253.23
38,450 at 6.91%$253.49
38,450 at 6.92%$253.75
38,450 at 6.93%$254.00
38,450 at 6.94%$254.26
38,450 at 6.95%$254.52
38,450 at 6.96%$254.78
38,450 at 6.97%$255.03
38,450 at 6.98%$255.29
38,450 at 6.99%$255.55
38,450 at 7%$255.81
38,450 at 7.01%$256.07
38,450 at 7.02%$256.33
38,450 at 7.03%$256.58
38,450 at 7.04%$256.84
38,450 at 7.05%$257.10
38,450 at 7.06%$257.36
38,450 at 7.07%$257.62
38,450 at 7.08%$257.88
38,450 at 7.09%$258.14
38,450 at 7.1%$258.40
38,450 at 7.11%$258.66
38,450 at 7.12%$258.92
38,450 at 7.13%$259.17
38,450 at 7.14%$259.43
38,450 at 7.15%$259.69
38,450 at 7.16%$259.95
38,450 at 7.17%$260.21
38,450 at 7.18%$260.47
38,450 at 7.19%$260.73
38,450 at 7.2%$260.99
38,450 at 7.21%$261.25
38,450 at 7.22%$261.51
38,450 at 7.23%$261.78
38,450 at 7.24%$262.04
38,450 at 7.25%$262.30
38,450 at 7.26%$262.56
38,450 at 7.27%$262.82
38,450 at 7.28%$263.08
38,450 at 7.29%$263.34
38,450 at 7.3%$263.60
38,450 at 7.31%$263.86
38,450 at 7.32%$264.12
38,450 at 7.33%$264.39
38,450 at 7.34%$264.65
38,450 at 7.35%$264.91
38,450 at 7.36%$265.17
38,450 at 7.37%$265.43
38,450 at 7.38%$265.70
38,450 at 7.39%$265.96
38,450 at 7.4%$266.22
38,450 at 7.41%$266.48
38,450 at 7.42%$266.74
38,450 at 7.43%$267.01
38,450 at 7.44%$267.27
38,450 at 7.45%$267.53
38,450 at 7.46%$267.80
38,450 at 7.47%$268.06
38,450 at 7.48%$268.32
38,450 at 7.49%$268.58
38,450 at 7.5%$268.85
38,450 at 7.51%$269.11
38,450 at 7.52%$269.37
38,450 at 7.53%$269.64
38,450 at 7.54%$269.90
38,450 at 7.55%$270.17
38,450 at 7.56%$270.43
38,450 at 7.57%$270.69
38,450 at 7.58%$270.96
38,450 at 7.59%$271.22
38,450 at 7.6%$271.49
38,450 at 7.61%$271.75
38,450 at 7.62%$272.01
38,450 at 7.63%$272.28
38,450 at 7.64%$272.54
38,450 at 7.65%$272.81
38,450 at 7.66%$273.07
38,450 at 7.67%$273.34
38,450 at 7.68%$273.60
38,450 at 7.69%$273.87
38,450 at 7.7%$274.13
38,450 at 7.71%$274.40
38,450 at 7.72%$274.66
38,450 at 7.73%$274.93
38,450 at 7.74%$275.19
38,450 at 7.75%$275.46
38,450 at 7.76%$275.73
38,450 at 7.77%$275.99
38,450 at 7.78%$276.26
38,450 at 7.79%$276.52
38,450 at 7.8%$276.79
38,450 at 7.81%$277.06
38,450 at 7.82%$277.32
38,450 at 7.83%$277.59
38,450 at 7.84%$277.86
38,450 at 7.85%$278.12
38,450 at 7.86%$278.39
38,450 at 7.87%$278.66
38,450 at 7.88%$278.92
38,450 at 7.89%$279.19
38,450 at 7.9%$279.46
38,450 at 7.91%$279.72
38,450 at 7.92%$279.99
38,450 at 7.93%$280.26
38,450 at 7.94%$280.53
38,450 at 7.95%$280.79
38,450 at 7.96%$281.06
38,450 at 7.97%$281.33
38,450 at 7.98%$281.60
38,450 at 7.99%$281.86
38,450 at 8%$282.13
More Amounts
What is the down payment for a $38,450 house? How much do you need to put down?
Percent Down Down Payment
1%385
2%769
3%1,154
4%1,538
5%1,923
6%2,307
7%2,692
8%3,076
9%3,461
10%3,845
11%4,230
12%4,614
13%4,999
14%5,383
15%5,768
16%6,152
17%6,537
18%6,921
19%7,306
20%7,690
Percent Down Down Payment
21%8,075
22%8,459
23%8,844
24%9,228
25%9,613
26%9,997
27%10,382
28%10,766
29%11,151
30%11,535
31%11,920
32%12,304
33%12,689
34%13,073
35%13,458
36%13,842
37%14,227
38%14,611
39%14,996
40%15,380
Percent Down Down Payment
41%15,765
42%16,149
43%16,534
44%16,918
45%17,303
46%17,687
47%18,072
48%18,456
49%18,841
50%19,225
51%19,610
52%19,994
53%20,379
54%20,763
55%21,148
56%21,532
57%21,917
58%22,301
59%22,686
60%23,070
Percent Down Down Payment
61%23,455
62%23,839
63%24,224
64%24,608
65%24,993
66%25,377
67%25,762
68%26,146
69%26,531
70%26,915
71%27,300
72%27,684
73%28,069
74%28,453
75%28,838
76%29,222
77%29,607
78%29,991
79%30,376
80%30,760
Percent Down Down Payment
81%31,145
82%31,529
83%31,914
84%32,298
85%32,683
86%33,067
87%33,452
88%33,836
89%34,221
90%34,605
91%34,990
92%35,374
93%35,759
94%36,143
95%36,528
96%36,912
97%37,297
98%37,681
99%38,066
100%38,450
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.