$38,750 Mortgage for 30 Years

What is the monthly payment of a 38,750 dollar loan?
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Loan Tables for a $38,750 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 $38,750 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
38,750 at 2.01%$143.42
38,750 at 2.02%$143.62
38,750 at 2.03%$143.81
38,750 at 2.04%$144.00
38,750 at 2.05%$144.20
38,750 at 2.06%$144.39
38,750 at 2.07%$144.59
38,750 at 2.08%$144.78
38,750 at 2.09%$144.98
38,750 at 2.1%$145.17
38,750 at 2.11%$145.37
38,750 at 2.12%$145.56
38,750 at 2.13%$145.76
38,750 at 2.14%$145.96
38,750 at 2.15%$146.15
38,750 at 2.16%$146.35
38,750 at 2.17%$146.54
38,750 at 2.18%$146.74
38,750 at 2.19%$146.94
38,750 at 2.2%$147.13
38,750 at 2.21%$147.33
38,750 at 2.22%$147.53
38,750 at 2.23%$147.73
38,750 at 2.24%$147.92
38,750 at 2.25%$148.12
38,750 at 2.26%$148.32
38,750 at 2.27%$148.52
38,750 at 2.28%$148.71
38,750 at 2.29%$148.91
38,750 at 2.3%$149.11
38,750 at 2.31%$149.31
38,750 at 2.32%$149.51
38,750 at 2.33%$149.71
38,750 at 2.34%$149.91
38,750 at 2.35%$150.10
38,750 at 2.36%$150.30
38,750 at 2.37%$150.50
38,750 at 2.38%$150.70
38,750 at 2.39%$150.90
38,750 at 2.4%$151.10
38,750 at 2.41%$151.30
38,750 at 2.42%$151.50
38,750 at 2.43%$151.70
38,750 at 2.44%$151.90
38,750 at 2.45%$152.10
38,750 at 2.46%$152.30
38,750 at 2.47%$152.51
38,750 at 2.48%$152.71
38,750 at 2.49%$152.91
38,750 at 2.5%$153.11
38,750 at 2.51%$153.31
38,750 at 2.52%$153.51
38,750 at 2.53%$153.71
38,750 at 2.54%$153.92
38,750 at 2.55%$154.12
38,750 at 2.56%$154.32
38,750 at 2.57%$154.52
38,750 at 2.58%$154.73
38,750 at 2.59%$154.93
38,750 at 2.6%$155.13
38,750 at 2.61%$155.33
38,750 at 2.62%$155.54
38,750 at 2.63%$155.74
38,750 at 2.64%$155.94
38,750 at 2.65%$156.15
38,750 at 2.66%$156.35
38,750 at 2.67%$156.56
38,750 at 2.68%$156.76
38,750 at 2.69%$156.96
38,750 at 2.7%$157.17
38,750 at 2.71%$157.37
38,750 at 2.72%$157.58
38,750 at 2.73%$157.78
38,750 at 2.74%$157.99
38,750 at 2.75%$158.19
38,750 at 2.76%$158.40
38,750 at 2.77%$158.60
38,750 at 2.78%$158.81
38,750 at 2.79%$159.02
38,750 at 2.8%$159.22
38,750 at 2.81%$159.43
38,750 at 2.82%$159.63
38,750 at 2.83%$159.84
38,750 at 2.84%$160.05
38,750 at 2.85%$160.25
38,750 at 2.86%$160.46
38,750 at 2.87%$160.67
38,750 at 2.88%$160.87
38,750 at 2.89%$161.08
38,750 at 2.9%$161.29
38,750 at 2.91%$161.50
38,750 at 2.92%$161.70
38,750 at 2.93%$161.91
38,750 at 2.94%$162.12
38,750 at 2.95%$162.33
38,750 at 2.96%$162.54
38,750 at 2.97%$162.75
38,750 at 2.98%$162.95
38,750 at 2.99%$163.16
38,750 at 3%$163.37
38,750 at 3.01%$163.58
38,750 at 3.02%$163.79
38,750 at 3.03%$164.00
38,750 at 3.04%$164.21
38,750 at 3.05%$164.42
38,750 at 3.06%$164.63
38,750 at 3.07%$164.84
38,750 at 3.08%$165.05
38,750 at 3.09%$165.26
38,750 at 3.1%$165.47
38,750 at 3.11%$165.68
38,750 at 3.12%$165.89
38,750 at 3.13%$166.10
38,750 at 3.14%$166.31
38,750 at 3.15%$166.52
38,750 at 3.16%$166.73
38,750 at 3.17%$166.95
38,750 at 3.18%$167.16
38,750 at 3.19%$167.37
38,750 at 3.2%$167.58
38,750 at 3.21%$167.79
38,750 at 3.22%$168.01
38,750 at 3.23%$168.22
38,750 at 3.24%$168.43
38,750 at 3.25%$168.64
38,750 at 3.26%$168.86
38,750 at 3.27%$169.07
38,750 at 3.28%$169.28
38,750 at 3.29%$169.49
38,750 at 3.3%$169.71
38,750 at 3.31%$169.92
38,750 at 3.32%$170.13
38,750 at 3.33%$170.35
38,750 at 3.34%$170.56
38,750 at 3.35%$170.78
38,750 at 3.36%$170.99
38,750 at 3.37%$171.21
38,750 at 3.38%$171.42
38,750 at 3.39%$171.63
38,750 at 3.4%$171.85
38,750 at 3.41%$172.06
38,750 at 3.42%$172.28
38,750 at 3.43%$172.49
38,750 at 3.44%$172.71
38,750 at 3.45%$172.93
38,750 at 3.46%$173.14
38,750 at 3.47%$173.36
38,750 at 3.48%$173.57
38,750 at 3.49%$173.79
38,750 at 3.5%$174.00
Interest Rate 30 Year
38,750 at 3.51%$174.22
38,750 at 3.52%$174.44
38,750 at 3.53%$174.65
38,750 at 3.54%$174.87
38,750 at 3.55%$175.09
38,750 at 3.56%$175.31
38,750 at 3.57%$175.52
38,750 at 3.58%$175.74
38,750 at 3.59%$175.96
38,750 at 3.6%$176.18
38,750 at 3.61%$176.39
38,750 at 3.62%$176.61
38,750 at 3.63%$176.83
38,750 at 3.64%$177.05
38,750 at 3.65%$177.27
38,750 at 3.66%$177.48
38,750 at 3.67%$177.70
38,750 at 3.68%$177.92
38,750 at 3.69%$178.14
38,750 at 3.7%$178.36
38,750 at 3.71%$178.58
38,750 at 3.72%$178.80
38,750 at 3.73%$179.02
38,750 at 3.74%$179.24
38,750 at 3.75%$179.46
38,750 at 3.76%$179.68
38,750 at 3.77%$179.90
38,750 at 3.78%$180.12
38,750 at 3.79%$180.34
38,750 at 3.8%$180.56
38,750 at 3.81%$180.78
38,750 at 3.82%$181.00
38,750 at 3.83%$181.22
38,750 at 3.84%$181.44
38,750 at 3.85%$181.66
38,750 at 3.86%$181.88
38,750 at 3.87%$182.11
38,750 at 3.88%$182.33
38,750 at 3.89%$182.55
38,750 at 3.9%$182.77
38,750 at 3.91%$182.99
38,750 at 3.92%$183.22
38,750 at 3.93%$183.44
38,750 at 3.94%$183.66
38,750 at 3.95%$183.88
38,750 at 3.96%$184.11
38,750 at 3.97%$184.33
38,750 at 3.98%$184.55
38,750 at 3.99%$184.78
38,750 at 4%$185.00
38,750 at 4.01%$185.22
38,750 at 4.02%$185.45
38,750 at 4.03%$185.67
38,750 at 4.04%$185.89
38,750 at 4.05%$186.12
38,750 at 4.06%$186.34
38,750 at 4.07%$186.57
38,750 at 4.08%$186.79
38,750 at 4.09%$187.01
38,750 at 4.1%$187.24
38,750 at 4.11%$187.46
38,750 at 4.12%$187.69
38,750 at 4.13%$187.91
38,750 at 4.14%$188.14
38,750 at 4.15%$188.37
38,750 at 4.16%$188.59
38,750 at 4.17%$188.82
38,750 at 4.18%$189.04
38,750 at 4.19%$189.27
38,750 at 4.2%$189.49
38,750 at 4.21%$189.72
38,750 at 4.22%$189.95
38,750 at 4.23%$190.17
38,750 at 4.24%$190.40
38,750 at 4.25%$190.63
38,750 at 4.26%$190.85
38,750 at 4.27%$191.08
38,750 at 4.28%$191.31
38,750 at 4.29%$191.54
38,750 at 4.3%$191.76
38,750 at 4.31%$191.99
38,750 at 4.32%$192.22
38,750 at 4.33%$192.45
38,750 at 4.34%$192.67
38,750 at 4.35%$192.90
38,750 at 4.36%$193.13
38,750 at 4.37%$193.36
38,750 at 4.38%$193.59
38,750 at 4.39%$193.82
38,750 at 4.4%$194.04
38,750 at 4.41%$194.27
38,750 at 4.42%$194.50
38,750 at 4.43%$194.73
38,750 at 4.44%$194.96
38,750 at 4.45%$195.19
38,750 at 4.46%$195.42
38,750 at 4.47%$195.65
38,750 at 4.48%$195.88
38,750 at 4.49%$196.11
38,750 at 4.5%$196.34
38,750 at 4.51%$196.57
38,750 at 4.52%$196.80
38,750 at 4.53%$197.03
38,750 at 4.54%$197.26
38,750 at 4.55%$197.49
38,750 at 4.56%$197.72
38,750 at 4.57%$197.96
38,750 at 4.58%$198.19
38,750 at 4.59%$198.42
38,750 at 4.6%$198.65
38,750 at 4.61%$198.88
38,750 at 4.62%$199.11
38,750 at 4.63%$199.35
38,750 at 4.64%$199.58
38,750 at 4.65%$199.81
38,750 at 4.66%$200.04
38,750 at 4.67%$200.27
38,750 at 4.68%$200.51
38,750 at 4.69%$200.74
38,750 at 4.7%$200.97
38,750 at 4.71%$201.21
38,750 at 4.72%$201.44
38,750 at 4.73%$201.67
38,750 at 4.74%$201.90
38,750 at 4.75%$202.14
38,750 at 4.76%$202.37
38,750 at 4.77%$202.61
38,750 at 4.78%$202.84
38,750 at 4.79%$203.07
38,750 at 4.8%$203.31
38,750 at 4.81%$203.54
38,750 at 4.82%$203.78
38,750 at 4.83%$204.01
38,750 at 4.84%$204.25
38,750 at 4.85%$204.48
38,750 at 4.86%$204.72
38,750 at 4.87%$204.95
38,750 at 4.88%$205.19
38,750 at 4.89%$205.42
38,750 at 4.9%$205.66
38,750 at 4.91%$205.89
38,750 at 4.92%$206.13
38,750 at 4.93%$206.36
38,750 at 4.94%$206.60
38,750 at 4.95%$206.84
38,750 at 4.96%$207.07
38,750 at 4.97%$207.31
38,750 at 4.98%$207.54
38,750 at 4.99%$207.78
38,750 at 5%$208.02
Interest Rate 30 Year
38,750 at 5.01%$208.26
38,750 at 5.02%$208.49
38,750 at 5.03%$208.73
38,750 at 5.04%$208.97
38,750 at 5.05%$209.20
38,750 at 5.06%$209.44
38,750 at 5.07%$209.68
38,750 at 5.08%$209.92
38,750 at 5.09%$210.15
38,750 at 5.1%$210.39
38,750 at 5.11%$210.63
38,750 at 5.12%$210.87
38,750 at 5.13%$211.11
38,750 at 5.14%$211.35
38,750 at 5.15%$211.59
38,750 at 5.16%$211.82
38,750 at 5.17%$212.06
38,750 at 5.18%$212.30
38,750 at 5.19%$212.54
38,750 at 5.2%$212.78
38,750 at 5.21%$213.02
38,750 at 5.22%$213.26
38,750 at 5.23%$213.50
38,750 at 5.24%$213.74
38,750 at 5.25%$213.98
38,750 at 5.26%$214.22
38,750 at 5.27%$214.46
38,750 at 5.28%$214.70
38,750 at 5.29%$214.94
38,750 at 5.3%$215.18
38,750 at 5.31%$215.42
38,750 at 5.32%$215.66
38,750 at 5.33%$215.90
38,750 at 5.34%$216.14
38,750 at 5.35%$216.39
38,750 at 5.36%$216.63
38,750 at 5.37%$216.87
38,750 at 5.38%$217.11
38,750 at 5.39%$217.35
38,750 at 5.4%$217.59
38,750 at 5.41%$217.84
38,750 at 5.42%$218.08
38,750 at 5.43%$218.32
38,750 at 5.44%$218.56
38,750 at 5.45%$218.80
38,750 at 5.46%$219.05
38,750 at 5.47%$219.29
38,750 at 5.48%$219.53
38,750 at 5.49%$219.78
38,750 at 5.5%$220.02
38,750 at 5.51%$220.26
38,750 at 5.52%$220.50
38,750 at 5.53%$220.75
38,750 at 5.54%$220.99
38,750 at 5.55%$221.24
38,750 at 5.56%$221.48
38,750 at 5.57%$221.72
38,750 at 5.58%$221.97
38,750 at 5.59%$222.21
38,750 at 5.6%$222.46
38,750 at 5.61%$222.70
38,750 at 5.62%$222.94
38,750 at 5.63%$223.19
38,750 at 5.64%$223.43
38,750 at 5.65%$223.68
38,750 at 5.66%$223.92
38,750 at 5.67%$224.17
38,750 at 5.68%$224.41
38,750 at 5.69%$224.66
38,750 at 5.7%$224.91
38,750 at 5.71%$225.15
38,750 at 5.72%$225.40
38,750 at 5.73%$225.64
38,750 at 5.74%$225.89
38,750 at 5.75%$226.13
38,750 at 5.76%$226.38
38,750 at 5.77%$226.63
38,750 at 5.78%$226.87
38,750 at 5.79%$227.12
38,750 at 5.8%$227.37
38,750 at 5.81%$227.61
38,750 at 5.82%$227.86
38,750 at 5.83%$228.11
38,750 at 5.84%$228.35
38,750 at 5.85%$228.60
38,750 at 5.86%$228.85
38,750 at 5.87%$229.10
38,750 at 5.88%$229.34
38,750 at 5.89%$229.59
38,750 at 5.9%$229.84
38,750 at 5.91%$230.09
38,750 at 5.92%$230.34
38,750 at 5.93%$230.58
38,750 at 5.94%$230.83
38,750 at 5.95%$231.08
38,750 at 5.96%$231.33
38,750 at 5.97%$231.58
38,750 at 5.98%$231.83
38,750 at 5.99%$232.08
38,750 at 6%$232.33
38,750 at 6.01%$232.58
38,750 at 6.02%$232.82
38,750 at 6.03%$233.07
38,750 at 6.04%$233.32
38,750 at 6.05%$233.57
38,750 at 6.06%$233.82
38,750 at 6.07%$234.07
38,750 at 6.08%$234.32
38,750 at 6.09%$234.57
38,750 at 6.1%$234.82
38,750 at 6.11%$235.07
38,750 at 6.12%$235.32
38,750 at 6.13%$235.57
38,750 at 6.14%$235.83
38,750 at 6.15%$236.08
38,750 at 6.16%$236.33
38,750 at 6.17%$236.58
38,750 at 6.18%$236.83
38,750 at 6.19%$237.08
38,750 at 6.2%$237.33
38,750 at 6.21%$237.58
38,750 at 6.22%$237.83
38,750 at 6.23%$238.09
38,750 at 6.24%$238.34
38,750 at 6.25%$238.59
38,750 at 6.26%$238.84
38,750 at 6.27%$239.09
38,750 at 6.28%$239.35
38,750 at 6.29%$239.60
38,750 at 6.3%$239.85
38,750 at 6.31%$240.10
38,750 at 6.32%$240.36
38,750 at 6.33%$240.61
38,750 at 6.34%$240.86
38,750 at 6.35%$241.12
38,750 at 6.36%$241.37
38,750 at 6.37%$241.62
38,750 at 6.38%$241.88
38,750 at 6.39%$242.13
38,750 at 6.4%$242.38
38,750 at 6.41%$242.64
38,750 at 6.42%$242.89
38,750 at 6.43%$243.15
38,750 at 6.44%$243.40
38,750 at 6.45%$243.65
38,750 at 6.46%$243.91
38,750 at 6.47%$244.16
38,750 at 6.48%$244.42
38,750 at 6.49%$244.67
38,750 at 6.5%$244.93
Interest Rate 30 Year
38,750 at 6.51%$245.18
38,750 at 6.52%$245.44
38,750 at 6.53%$245.69
38,750 at 6.54%$245.95
38,750 at 6.55%$246.20
38,750 at 6.56%$246.46
38,750 at 6.57%$246.71
38,750 at 6.58%$246.97
38,750 at 6.59%$247.22
38,750 at 6.6%$247.48
38,750 at 6.61%$247.74
38,750 at 6.62%$247.99
38,750 at 6.63%$248.25
38,750 at 6.64%$248.50
38,750 at 6.65%$248.76
38,750 at 6.66%$249.02
38,750 at 6.67%$249.27
38,750 at 6.68%$249.53
38,750 at 6.69%$249.79
38,750 at 6.7%$250.05
38,750 at 6.71%$250.30
38,750 at 6.72%$250.56
38,750 at 6.73%$250.82
38,750 at 6.74%$251.07
38,750 at 6.75%$251.33
38,750 at 6.76%$251.59
38,750 at 6.77%$251.85
38,750 at 6.78%$252.10
38,750 at 6.79%$252.36
38,750 at 6.8%$252.62
38,750 at 6.81%$252.88
38,750 at 6.82%$253.14
38,750 at 6.83%$253.40
38,750 at 6.84%$253.65
38,750 at 6.85%$253.91
38,750 at 6.86%$254.17
38,750 at 6.87%$254.43
38,750 at 6.88%$254.69
38,750 at 6.89%$254.95
38,750 at 6.9%$255.21
38,750 at 6.91%$255.47
38,750 at 6.92%$255.73
38,750 at 6.93%$255.99
38,750 at 6.94%$256.25
38,750 at 6.95%$256.50
38,750 at 6.96%$256.76
38,750 at 6.97%$257.02
38,750 at 6.98%$257.28
38,750 at 6.99%$257.54
38,750 at 7%$257.80
38,750 at 7.01%$258.07
38,750 at 7.02%$258.33
38,750 at 7.03%$258.59
38,750 at 7.04%$258.85
38,750 at 7.05%$259.11
38,750 at 7.06%$259.37
38,750 at 7.07%$259.63
38,750 at 7.08%$259.89
38,750 at 7.09%$260.15
38,750 at 7.1%$260.41
38,750 at 7.11%$260.67
38,750 at 7.12%$260.94
38,750 at 7.13%$261.20
38,750 at 7.14%$261.46
38,750 at 7.15%$261.72
38,750 at 7.16%$261.98
38,750 at 7.17%$262.24
38,750 at 7.18%$262.51
38,750 at 7.19%$262.77
38,750 at 7.2%$263.03
38,750 at 7.21%$263.29
38,750 at 7.22%$263.56
38,750 at 7.23%$263.82
38,750 at 7.24%$264.08
38,750 at 7.25%$264.34
38,750 at 7.26%$264.61
38,750 at 7.27%$264.87
38,750 at 7.28%$265.13
38,750 at 7.29%$265.40
38,750 at 7.3%$265.66
38,750 at 7.31%$265.92
38,750 at 7.32%$266.19
38,750 at 7.33%$266.45
38,750 at 7.34%$266.71
38,750 at 7.35%$266.98
38,750 at 7.36%$267.24
38,750 at 7.37%$267.50
38,750 at 7.38%$267.77
38,750 at 7.39%$268.03
38,750 at 7.4%$268.30
38,750 at 7.41%$268.56
38,750 at 7.42%$268.83
38,750 at 7.43%$269.09
38,750 at 7.44%$269.36
38,750 at 7.45%$269.62
38,750 at 7.46%$269.89
38,750 at 7.47%$270.15
38,750 at 7.48%$270.42
38,750 at 7.49%$270.68
38,750 at 7.5%$270.95
38,750 at 7.51%$271.21
38,750 at 7.52%$271.48
38,750 at 7.53%$271.74
38,750 at 7.54%$272.01
38,750 at 7.55%$272.27
38,750 at 7.56%$272.54
38,750 at 7.57%$272.81
38,750 at 7.58%$273.07
38,750 at 7.59%$273.34
38,750 at 7.6%$273.60
38,750 at 7.61%$273.87
38,750 at 7.62%$274.14
38,750 at 7.63%$274.40
38,750 at 7.64%$274.67
38,750 at 7.65%$274.94
38,750 at 7.66%$275.20
38,750 at 7.67%$275.47
38,750 at 7.68%$275.74
38,750 at 7.69%$276.00
38,750 at 7.7%$276.27
38,750 at 7.71%$276.54
38,750 at 7.72%$276.81
38,750 at 7.73%$277.07
38,750 at 7.74%$277.34
38,750 at 7.75%$277.61
38,750 at 7.76%$277.88
38,750 at 7.77%$278.15
38,750 at 7.78%$278.41
38,750 at 7.79%$278.68
38,750 at 7.8%$278.95
38,750 at 7.81%$279.22
38,750 at 7.82%$279.49
38,750 at 7.83%$279.76
38,750 at 7.84%$280.02
38,750 at 7.85%$280.29
38,750 at 7.86%$280.56
38,750 at 7.87%$280.83
38,750 at 7.88%$281.10
38,750 at 7.89%$281.37
38,750 at 7.9%$281.64
38,750 at 7.91%$281.91
38,750 at 7.92%$282.18
38,750 at 7.93%$282.45
38,750 at 7.94%$282.71
38,750 at 7.95%$282.98
38,750 at 7.96%$283.25
38,750 at 7.97%$283.52
38,750 at 7.98%$283.79
38,750 at 7.99%$284.06
38,750 at 8%$284.33
More Amounts
What is the down payment for a $38,750 house? How much do you need to put down?
Percent Down Down Payment
1%388
2%775
3%1,163
4%1,550
5%1,938
6%2,325
7%2,713
8%3,100
9%3,488
10%3,875
11%4,263
12%4,650
13%5,038
14%5,425
15%5,813
16%6,200
17%6,588
18%6,975
19%7,363
20%7,750
Percent Down Down Payment
21%8,138
22%8,525
23%8,913
24%9,300
25%9,688
26%10,075
27%10,463
28%10,850
29%11,238
30%11,625
31%12,013
32%12,400
33%12,788
34%13,175
35%13,563
36%13,950
37%14,338
38%14,725
39%15,113
40%15,500
Percent Down Down Payment
41%15,888
42%16,275
43%16,663
44%17,050
45%17,438
46%17,825
47%18,213
48%18,600
49%18,988
50%19,375
51%19,763
52%20,150
53%20,538
54%20,925
55%21,313
56%21,700
57%22,088
58%22,475
59%22,863
60%23,250
Percent Down Down Payment
61%23,638
62%24,025
63%24,413
64%24,800
65%25,188
66%25,575
67%25,963
68%26,350
69%26,738
70%27,125
71%27,513
72%27,900
73%28,288
74%28,675
75%29,063
76%29,450
77%29,838
78%30,225
79%30,613
80%31,000
Percent Down Down Payment
81%31,388
82%31,775
83%32,163
84%32,550
85%32,938
86%33,325
87%33,713
88%34,100
89%34,488
90%34,875
91%35,263
92%35,650
93%36,038
94%36,425
95%36,813
96%37,200
97%37,588
98%37,975
99%38,363
100%38,750
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.