$38,700 Mortgage for 30 Years

What is the monthly payment of a 38,700 dollar loan?
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Loan Tables for a $38,700 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 39k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $38,700 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
38,700 at 2.01%$143.24
38,700 at 2.02%$143.43
38,700 at 2.03%$143.62
38,700 at 2.04%$143.82
38,700 at 2.05%$144.01
38,700 at 2.06%$144.21
38,700 at 2.07%$144.40
38,700 at 2.08%$144.60
38,700 at 2.09%$144.79
38,700 at 2.1%$144.99
38,700 at 2.11%$145.18
38,700 at 2.12%$145.38
38,700 at 2.13%$145.57
38,700 at 2.14%$145.77
38,700 at 2.15%$145.96
38,700 at 2.16%$146.16
38,700 at 2.17%$146.36
38,700 at 2.18%$146.55
38,700 at 2.19%$146.75
38,700 at 2.2%$146.94
38,700 at 2.21%$147.14
38,700 at 2.22%$147.34
38,700 at 2.23%$147.53
38,700 at 2.24%$147.73
38,700 at 2.25%$147.93
38,700 at 2.26%$148.13
38,700 at 2.27%$148.32
38,700 at 2.28%$148.52
38,700 at 2.29%$148.72
38,700 at 2.3%$148.92
38,700 at 2.31%$149.12
38,700 at 2.32%$149.31
38,700 at 2.33%$149.51
38,700 at 2.34%$149.71
38,700 at 2.35%$149.91
38,700 at 2.36%$150.11
38,700 at 2.37%$150.31
38,700 at 2.38%$150.51
38,700 at 2.39%$150.71
38,700 at 2.4%$150.91
38,700 at 2.41%$151.11
38,700 at 2.42%$151.31
38,700 at 2.43%$151.51
38,700 at 2.44%$151.71
38,700 at 2.45%$151.91
38,700 at 2.46%$152.11
38,700 at 2.47%$152.31
38,700 at 2.48%$152.51
38,700 at 2.49%$152.71
38,700 at 2.5%$152.91
38,700 at 2.51%$153.11
38,700 at 2.52%$153.31
38,700 at 2.53%$153.52
38,700 at 2.54%$153.72
38,700 at 2.55%$153.92
38,700 at 2.56%$154.12
38,700 at 2.57%$154.32
38,700 at 2.58%$154.53
38,700 at 2.59%$154.73
38,700 at 2.6%$154.93
38,700 at 2.61%$155.13
38,700 at 2.62%$155.34
38,700 at 2.63%$155.54
38,700 at 2.64%$155.74
38,700 at 2.65%$155.95
38,700 at 2.66%$156.15
38,700 at 2.67%$156.35
38,700 at 2.68%$156.56
38,700 at 2.69%$156.76
38,700 at 2.7%$156.97
38,700 at 2.71%$157.17
38,700 at 2.72%$157.38
38,700 at 2.73%$157.58
38,700 at 2.74%$157.78
38,700 at 2.75%$157.99
38,700 at 2.76%$158.19
38,700 at 2.77%$158.40
38,700 at 2.78%$158.60
38,700 at 2.79%$158.81
38,700 at 2.8%$159.02
38,700 at 2.81%$159.22
38,700 at 2.82%$159.43
38,700 at 2.83%$159.63
38,700 at 2.84%$159.84
38,700 at 2.85%$160.05
38,700 at 2.86%$160.25
38,700 at 2.87%$160.46
38,700 at 2.88%$160.67
38,700 at 2.89%$160.87
38,700 at 2.9%$161.08
38,700 at 2.91%$161.29
38,700 at 2.92%$161.50
38,700 at 2.93%$161.70
38,700 at 2.94%$161.91
38,700 at 2.95%$162.12
38,700 at 2.96%$162.33
38,700 at 2.97%$162.54
38,700 at 2.98%$162.74
38,700 at 2.99%$162.95
38,700 at 3%$163.16
38,700 at 3.01%$163.37
38,700 at 3.02%$163.58
38,700 at 3.03%$163.79
38,700 at 3.04%$164.00
38,700 at 3.05%$164.21
38,700 at 3.06%$164.42
38,700 at 3.07%$164.63
38,700 at 3.08%$164.84
38,700 at 3.09%$165.05
38,700 at 3.1%$165.26
38,700 at 3.11%$165.47
38,700 at 3.12%$165.68
38,700 at 3.13%$165.89
38,700 at 3.14%$166.10
38,700 at 3.15%$166.31
38,700 at 3.16%$166.52
38,700 at 3.17%$166.73
38,700 at 3.18%$166.94
38,700 at 3.19%$167.15
38,700 at 3.2%$167.36
38,700 at 3.21%$167.58
38,700 at 3.22%$167.79
38,700 at 3.23%$168.00
38,700 at 3.24%$168.21
38,700 at 3.25%$168.42
38,700 at 3.26%$168.64
38,700 at 3.27%$168.85
38,700 at 3.28%$169.06
38,700 at 3.29%$169.28
38,700 at 3.3%$169.49
38,700 at 3.31%$169.70
38,700 at 3.32%$169.92
38,700 at 3.33%$170.13
38,700 at 3.34%$170.34
38,700 at 3.35%$170.56
38,700 at 3.36%$170.77
38,700 at 3.37%$170.98
38,700 at 3.38%$171.20
38,700 at 3.39%$171.41
38,700 at 3.4%$171.63
38,700 at 3.41%$171.84
38,700 at 3.42%$172.06
38,700 at 3.43%$172.27
38,700 at 3.44%$172.49
38,700 at 3.45%$172.70
38,700 at 3.46%$172.92
38,700 at 3.47%$173.13
38,700 at 3.48%$173.35
38,700 at 3.49%$173.56
38,700 at 3.5%$173.78
Interest Rate 30 Year
38,700 at 3.51%$174.00
38,700 at 3.52%$174.21
38,700 at 3.53%$174.43
38,700 at 3.54%$174.65
38,700 at 3.55%$174.86
38,700 at 3.56%$175.08
38,700 at 3.57%$175.30
38,700 at 3.58%$175.51
38,700 at 3.59%$175.73
38,700 at 3.6%$175.95
38,700 at 3.61%$176.17
38,700 at 3.62%$176.38
38,700 at 3.63%$176.60
38,700 at 3.64%$176.82
38,700 at 3.65%$177.04
38,700 at 3.66%$177.26
38,700 at 3.67%$177.47
38,700 at 3.68%$177.69
38,700 at 3.69%$177.91
38,700 at 3.7%$178.13
38,700 at 3.71%$178.35
38,700 at 3.72%$178.57
38,700 at 3.73%$178.79
38,700 at 3.74%$179.01
38,700 at 3.75%$179.23
38,700 at 3.76%$179.45
38,700 at 3.77%$179.67
38,700 at 3.78%$179.89
38,700 at 3.79%$180.11
38,700 at 3.8%$180.33
38,700 at 3.81%$180.55
38,700 at 3.82%$180.77
38,700 at 3.83%$180.99
38,700 at 3.84%$181.21
38,700 at 3.85%$181.43
38,700 at 3.86%$181.65
38,700 at 3.87%$181.87
38,700 at 3.88%$182.09
38,700 at 3.89%$182.31
38,700 at 3.9%$182.54
38,700 at 3.91%$182.76
38,700 at 3.92%$182.98
38,700 at 3.93%$183.20
38,700 at 3.94%$183.42
38,700 at 3.95%$183.65
38,700 at 3.96%$183.87
38,700 at 3.97%$184.09
38,700 at 3.98%$184.31
38,700 at 3.99%$184.54
38,700 at 4%$184.76
38,700 at 4.01%$184.98
38,700 at 4.02%$185.21
38,700 at 4.03%$185.43
38,700 at 4.04%$185.65
38,700 at 4.05%$185.88
38,700 at 4.06%$186.10
38,700 at 4.07%$186.32
38,700 at 4.08%$186.55
38,700 at 4.09%$186.77
38,700 at 4.1%$187.00
38,700 at 4.11%$187.22
38,700 at 4.12%$187.45
38,700 at 4.13%$187.67
38,700 at 4.14%$187.90
38,700 at 4.15%$188.12
38,700 at 4.16%$188.35
38,700 at 4.17%$188.57
38,700 at 4.18%$188.80
38,700 at 4.19%$189.02
38,700 at 4.2%$189.25
38,700 at 4.21%$189.48
38,700 at 4.22%$189.70
38,700 at 4.23%$189.93
38,700 at 4.24%$190.15
38,700 at 4.25%$190.38
38,700 at 4.26%$190.61
38,700 at 4.27%$190.83
38,700 at 4.28%$191.06
38,700 at 4.29%$191.29
38,700 at 4.3%$191.52
38,700 at 4.31%$191.74
38,700 at 4.32%$191.97
38,700 at 4.33%$192.20
38,700 at 4.34%$192.43
38,700 at 4.35%$192.65
38,700 at 4.36%$192.88
38,700 at 4.37%$193.11
38,700 at 4.38%$193.34
38,700 at 4.39%$193.57
38,700 at 4.4%$193.79
38,700 at 4.41%$194.02
38,700 at 4.42%$194.25
38,700 at 4.43%$194.48
38,700 at 4.44%$194.71
38,700 at 4.45%$194.94
38,700 at 4.46%$195.17
38,700 at 4.47%$195.40
38,700 at 4.48%$195.63
38,700 at 4.49%$195.86
38,700 at 4.5%$196.09
38,700 at 4.51%$196.32
38,700 at 4.52%$196.55
38,700 at 4.53%$196.78
38,700 at 4.54%$197.01
38,700 at 4.55%$197.24
38,700 at 4.56%$197.47
38,700 at 4.57%$197.70
38,700 at 4.58%$197.93
38,700 at 4.59%$198.16
38,700 at 4.6%$198.39
38,700 at 4.61%$198.62
38,700 at 4.62%$198.86
38,700 at 4.63%$199.09
38,700 at 4.64%$199.32
38,700 at 4.65%$199.55
38,700 at 4.66%$199.78
38,700 at 4.67%$200.02
38,700 at 4.68%$200.25
38,700 at 4.69%$200.48
38,700 at 4.7%$200.71
38,700 at 4.71%$200.95
38,700 at 4.72%$201.18
38,700 at 4.73%$201.41
38,700 at 4.74%$201.64
38,700 at 4.75%$201.88
38,700 at 4.76%$202.11
38,700 at 4.77%$202.34
38,700 at 4.78%$202.58
38,700 at 4.79%$202.81
38,700 at 4.8%$203.05
38,700 at 4.81%$203.28
38,700 at 4.82%$203.51
38,700 at 4.83%$203.75
38,700 at 4.84%$203.98
38,700 at 4.85%$204.22
38,700 at 4.86%$204.45
38,700 at 4.87%$204.69
38,700 at 4.88%$204.92
38,700 at 4.89%$205.16
38,700 at 4.9%$205.39
38,700 at 4.91%$205.63
38,700 at 4.92%$205.86
38,700 at 4.93%$206.10
38,700 at 4.94%$206.33
38,700 at 4.95%$206.57
38,700 at 4.96%$206.80
38,700 at 4.97%$207.04
38,700 at 4.98%$207.28
38,700 at 4.99%$207.51
38,700 at 5%$207.75
Interest Rate 30 Year
38,700 at 5.01%$207.99
38,700 at 5.02%$208.22
38,700 at 5.03%$208.46
38,700 at 5.04%$208.70
38,700 at 5.05%$208.93
38,700 at 5.06%$209.17
38,700 at 5.07%$209.41
38,700 at 5.08%$209.65
38,700 at 5.09%$209.88
38,700 at 5.1%$210.12
38,700 at 5.11%$210.36
38,700 at 5.12%$210.60
38,700 at 5.13%$210.84
38,700 at 5.14%$211.07
38,700 at 5.15%$211.31
38,700 at 5.16%$211.55
38,700 at 5.17%$211.79
38,700 at 5.18%$212.03
38,700 at 5.19%$212.27
38,700 at 5.2%$212.51
38,700 at 5.21%$212.75
38,700 at 5.22%$212.98
38,700 at 5.23%$213.22
38,700 at 5.24%$213.46
38,700 at 5.25%$213.70
38,700 at 5.26%$213.94
38,700 at 5.27%$214.18
38,700 at 5.28%$214.42
38,700 at 5.29%$214.66
38,700 at 5.3%$214.90
38,700 at 5.31%$215.14
38,700 at 5.32%$215.38
38,700 at 5.33%$215.62
38,700 at 5.34%$215.87
38,700 at 5.35%$216.11
38,700 at 5.36%$216.35
38,700 at 5.37%$216.59
38,700 at 5.38%$216.83
38,700 at 5.39%$217.07
38,700 at 5.4%$217.31
38,700 at 5.41%$217.55
38,700 at 5.42%$217.80
38,700 at 5.43%$218.04
38,700 at 5.44%$218.28
38,700 at 5.45%$218.52
38,700 at 5.46%$218.76
38,700 at 5.47%$219.01
38,700 at 5.48%$219.25
38,700 at 5.49%$219.49
38,700 at 5.5%$219.73
38,700 at 5.51%$219.98
38,700 at 5.52%$220.22
38,700 at 5.53%$220.46
38,700 at 5.54%$220.71
38,700 at 5.55%$220.95
38,700 at 5.56%$221.19
38,700 at 5.57%$221.44
38,700 at 5.58%$221.68
38,700 at 5.59%$221.92
38,700 at 5.6%$222.17
38,700 at 5.61%$222.41
38,700 at 5.62%$222.66
38,700 at 5.63%$222.90
38,700 at 5.64%$223.15
38,700 at 5.65%$223.39
38,700 at 5.66%$223.63
38,700 at 5.67%$223.88
38,700 at 5.68%$224.12
38,700 at 5.69%$224.37
38,700 at 5.7%$224.61
38,700 at 5.71%$224.86
38,700 at 5.72%$225.11
38,700 at 5.73%$225.35
38,700 at 5.74%$225.60
38,700 at 5.75%$225.84
38,700 at 5.76%$226.09
38,700 at 5.77%$226.33
38,700 at 5.78%$226.58
38,700 at 5.79%$226.83
38,700 at 5.8%$227.07
38,700 at 5.81%$227.32
38,700 at 5.82%$227.57
38,700 at 5.83%$227.81
38,700 at 5.84%$228.06
38,700 at 5.85%$228.31
38,700 at 5.86%$228.55
38,700 at 5.87%$228.80
38,700 at 5.88%$229.05
38,700 at 5.89%$229.30
38,700 at 5.9%$229.54
38,700 at 5.91%$229.79
38,700 at 5.92%$230.04
38,700 at 5.93%$230.29
38,700 at 5.94%$230.54
38,700 at 5.95%$230.78
38,700 at 5.96%$231.03
38,700 at 5.97%$231.28
38,700 at 5.98%$231.53
38,700 at 5.99%$231.78
38,700 at 6%$232.03
38,700 at 6.01%$232.27
38,700 at 6.02%$232.52
38,700 at 6.03%$232.77
38,700 at 6.04%$233.02
38,700 at 6.05%$233.27
38,700 at 6.06%$233.52
38,700 at 6.07%$233.77
38,700 at 6.08%$234.02
38,700 at 6.09%$234.27
38,700 at 6.1%$234.52
38,700 at 6.11%$234.77
38,700 at 6.12%$235.02
38,700 at 6.13%$235.27
38,700 at 6.14%$235.52
38,700 at 6.15%$235.77
38,700 at 6.16%$236.02
38,700 at 6.17%$236.27
38,700 at 6.18%$236.52
38,700 at 6.19%$236.77
38,700 at 6.2%$237.03
38,700 at 6.21%$237.28
38,700 at 6.22%$237.53
38,700 at 6.23%$237.78
38,700 at 6.24%$238.03
38,700 at 6.25%$238.28
38,700 at 6.26%$238.53
38,700 at 6.27%$238.79
38,700 at 6.28%$239.04
38,700 at 6.29%$239.29
38,700 at 6.3%$239.54
38,700 at 6.31%$239.79
38,700 at 6.32%$240.05
38,700 at 6.33%$240.30
38,700 at 6.34%$240.55
38,700 at 6.35%$240.81
38,700 at 6.36%$241.06
38,700 at 6.37%$241.31
38,700 at 6.38%$241.56
38,700 at 6.39%$241.82
38,700 at 6.4%$242.07
38,700 at 6.41%$242.32
38,700 at 6.42%$242.58
38,700 at 6.43%$242.83
38,700 at 6.44%$243.09
38,700 at 6.45%$243.34
38,700 at 6.46%$243.59
38,700 at 6.47%$243.85
38,700 at 6.48%$244.10
38,700 at 6.49%$244.36
38,700 at 6.5%$244.61
Interest Rate 30 Year
38,700 at 6.51%$244.86
38,700 at 6.52%$245.12
38,700 at 6.53%$245.37
38,700 at 6.54%$245.63
38,700 at 6.55%$245.88
38,700 at 6.56%$246.14
38,700 at 6.57%$246.39
38,700 at 6.58%$246.65
38,700 at 6.59%$246.91
38,700 at 6.6%$247.16
38,700 at 6.61%$247.42
38,700 at 6.62%$247.67
38,700 at 6.63%$247.93
38,700 at 6.64%$248.18
38,700 at 6.65%$248.44
38,700 at 6.66%$248.70
38,700 at 6.67%$248.95
38,700 at 6.68%$249.21
38,700 at 6.69%$249.47
38,700 at 6.7%$249.72
38,700 at 6.71%$249.98
38,700 at 6.72%$250.24
38,700 at 6.73%$250.49
38,700 at 6.74%$250.75
38,700 at 6.75%$251.01
38,700 at 6.76%$251.26
38,700 at 6.77%$251.52
38,700 at 6.78%$251.78
38,700 at 6.79%$252.04
38,700 at 6.8%$252.30
38,700 at 6.81%$252.55
38,700 at 6.82%$252.81
38,700 at 6.83%$253.07
38,700 at 6.84%$253.33
38,700 at 6.85%$253.59
38,700 at 6.86%$253.84
38,700 at 6.87%$254.10
38,700 at 6.88%$254.36
38,700 at 6.89%$254.62
38,700 at 6.9%$254.88
38,700 at 6.91%$255.14
38,700 at 6.92%$255.40
38,700 at 6.93%$255.66
38,700 at 6.94%$255.91
38,700 at 6.95%$256.17
38,700 at 6.96%$256.43
38,700 at 6.97%$256.69
38,700 at 6.98%$256.95
38,700 at 6.99%$257.21
38,700 at 7%$257.47
38,700 at 7.01%$257.73
38,700 at 7.02%$257.99
38,700 at 7.03%$258.25
38,700 at 7.04%$258.51
38,700 at 7.05%$258.77
38,700 at 7.06%$259.03
38,700 at 7.07%$259.29
38,700 at 7.08%$259.55
38,700 at 7.09%$259.82
38,700 at 7.1%$260.08
38,700 at 7.11%$260.34
38,700 at 7.12%$260.60
38,700 at 7.13%$260.86
38,700 at 7.14%$261.12
38,700 at 7.15%$261.38
38,700 at 7.16%$261.64
38,700 at 7.17%$261.91
38,700 at 7.18%$262.17
38,700 at 7.19%$262.43
38,700 at 7.2%$262.69
38,700 at 7.21%$262.95
38,700 at 7.22%$263.22
38,700 at 7.23%$263.48
38,700 at 7.24%$263.74
38,700 at 7.25%$264.00
38,700 at 7.26%$264.26
38,700 at 7.27%$264.53
38,700 at 7.28%$264.79
38,700 at 7.29%$265.05
38,700 at 7.3%$265.32
38,700 at 7.31%$265.58
38,700 at 7.32%$265.84
38,700 at 7.33%$266.11
38,700 at 7.34%$266.37
38,700 at 7.35%$266.63
38,700 at 7.36%$266.90
38,700 at 7.37%$267.16
38,700 at 7.38%$267.42
38,700 at 7.39%$267.69
38,700 at 7.4%$267.95
38,700 at 7.41%$268.22
38,700 at 7.42%$268.48
38,700 at 7.43%$268.74
38,700 at 7.44%$269.01
38,700 at 7.45%$269.27
38,700 at 7.46%$269.54
38,700 at 7.47%$269.80
38,700 at 7.48%$270.07
38,700 at 7.49%$270.33
38,700 at 7.5%$270.60
38,700 at 7.51%$270.86
38,700 at 7.52%$271.13
38,700 at 7.53%$271.39
38,700 at 7.54%$271.66
38,700 at 7.55%$271.92
38,700 at 7.56%$272.19
38,700 at 7.57%$272.45
38,700 at 7.58%$272.72
38,700 at 7.59%$272.98
38,700 at 7.6%$273.25
38,700 at 7.61%$273.52
38,700 at 7.62%$273.78
38,700 at 7.63%$274.05
38,700 at 7.64%$274.32
38,700 at 7.65%$274.58
38,700 at 7.66%$274.85
38,700 at 7.67%$275.12
38,700 at 7.68%$275.38
38,700 at 7.69%$275.65
38,700 at 7.7%$275.92
38,700 at 7.71%$276.18
38,700 at 7.72%$276.45
38,700 at 7.73%$276.72
38,700 at 7.74%$276.98
38,700 at 7.75%$277.25
38,700 at 7.76%$277.52
38,700 at 7.77%$277.79
38,700 at 7.78%$278.05
38,700 at 7.79%$278.32
38,700 at 7.8%$278.59
38,700 at 7.81%$278.86
38,700 at 7.82%$279.13
38,700 at 7.83%$279.39
38,700 at 7.84%$279.66
38,700 at 7.85%$279.93
38,700 at 7.86%$280.20
38,700 at 7.87%$280.47
38,700 at 7.88%$280.74
38,700 at 7.89%$281.00
38,700 at 7.9%$281.27
38,700 at 7.91%$281.54
38,700 at 7.92%$281.81
38,700 at 7.93%$282.08
38,700 at 7.94%$282.35
38,700 at 7.95%$282.62
38,700 at 7.96%$282.89
38,700 at 7.97%$283.16
38,700 at 7.98%$283.43
38,700 at 7.99%$283.70
38,700 at 8%$283.97
More Amounts
What is the down payment for a $38,700 house? How much do you need to put down?
Percent Down Down Payment
1%387
2%774
3%1,161
4%1,548
5%1,935
6%2,322
7%2,709
8%3,096
9%3,483
10%3,870
11%4,257
12%4,644
13%5,031
14%5,418
15%5,805
16%6,192
17%6,579
18%6,966
19%7,353
20%7,740
Percent Down Down Payment
21%8,127
22%8,514
23%8,901
24%9,288
25%9,675
26%10,062
27%10,449
28%10,836
29%11,223
30%11,610
31%11,997
32%12,384
33%12,771
34%13,158
35%13,545
36%13,932
37%14,319
38%14,706
39%15,093
40%15,480
Percent Down Down Payment
41%15,867
42%16,254
43%16,641
44%17,028
45%17,415
46%17,802
47%18,189
48%18,576
49%18,963
50%19,350
51%19,737
52%20,124
53%20,511
54%20,898
55%21,285
56%21,672
57%22,059
58%22,446
59%22,833
60%23,220
Percent Down Down Payment
61%23,607
62%23,994
63%24,381
64%24,768
65%25,155
66%25,542
67%25,929
68%26,316
69%26,703
70%27,090
71%27,477
72%27,864
73%28,251
74%28,638
75%29,025
76%29,412
77%29,799
78%30,186
79%30,573
80%30,960
Percent Down Down Payment
81%31,347
82%31,734
83%32,121
84%32,508
85%32,895
86%33,282
87%33,669
88%34,056
89%34,443
90%34,830
91%35,217
92%35,604
93%35,991
94%36,378
95%36,765
96%37,152
97%37,539
98%37,926
99%38,313
100%38,700
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.