$38,850 Mortgage for 30 Years

What is the monthly payment of a 38,850 dollar loan?
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Loan Tables for a $38,850 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 $38,850 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
38,850 at 2.01%$143.79
38,850 at 2.02%$143.99
38,850 at 2.03%$144.18
38,850 at 2.04%$144.38
38,850 at 2.05%$144.57
38,850 at 2.06%$144.77
38,850 at 2.07%$144.96
38,850 at 2.08%$145.16
38,850 at 2.09%$145.35
38,850 at 2.1%$145.55
38,850 at 2.11%$145.74
38,850 at 2.12%$145.94
38,850 at 2.13%$146.14
38,850 at 2.14%$146.33
38,850 at 2.15%$146.53
38,850 at 2.16%$146.73
38,850 at 2.17%$146.92
38,850 at 2.18%$147.12
38,850 at 2.19%$147.32
38,850 at 2.2%$147.51
38,850 at 2.21%$147.71
38,850 at 2.22%$147.91
38,850 at 2.23%$148.11
38,850 at 2.24%$148.30
38,850 at 2.25%$148.50
38,850 at 2.26%$148.70
38,850 at 2.27%$148.90
38,850 at 2.28%$149.10
38,850 at 2.29%$149.30
38,850 at 2.3%$149.50
38,850 at 2.31%$149.69
38,850 at 2.32%$149.89
38,850 at 2.33%$150.09
38,850 at 2.34%$150.29
38,850 at 2.35%$150.49
38,850 at 2.36%$150.69
38,850 at 2.37%$150.89
38,850 at 2.38%$151.09
38,850 at 2.39%$151.29
38,850 at 2.4%$151.49
38,850 at 2.41%$151.69
38,850 at 2.42%$151.89
38,850 at 2.43%$152.09
38,850 at 2.44%$152.30
38,850 at 2.45%$152.50
38,850 at 2.46%$152.70
38,850 at 2.47%$152.90
38,850 at 2.48%$153.10
38,850 at 2.49%$153.30
38,850 at 2.5%$153.50
38,850 at 2.51%$153.71
38,850 at 2.52%$153.91
38,850 at 2.53%$154.11
38,850 at 2.54%$154.31
38,850 at 2.55%$154.52
38,850 at 2.56%$154.72
38,850 at 2.57%$154.92
38,850 at 2.58%$155.13
38,850 at 2.59%$155.33
38,850 at 2.6%$155.53
38,850 at 2.61%$155.74
38,850 at 2.62%$155.94
38,850 at 2.63%$156.14
38,850 at 2.64%$156.35
38,850 at 2.65%$156.55
38,850 at 2.66%$156.76
38,850 at 2.67%$156.96
38,850 at 2.68%$157.16
38,850 at 2.69%$157.37
38,850 at 2.7%$157.57
38,850 at 2.71%$157.78
38,850 at 2.72%$157.99
38,850 at 2.73%$158.19
38,850 at 2.74%$158.40
38,850 at 2.75%$158.60
38,850 at 2.76%$158.81
38,850 at 2.77%$159.01
38,850 at 2.78%$159.22
38,850 at 2.79%$159.43
38,850 at 2.8%$159.63
38,850 at 2.81%$159.84
38,850 at 2.82%$160.05
38,850 at 2.83%$160.25
38,850 at 2.84%$160.46
38,850 at 2.85%$160.67
38,850 at 2.86%$160.87
38,850 at 2.87%$161.08
38,850 at 2.88%$161.29
38,850 at 2.89%$161.50
38,850 at 2.9%$161.71
38,850 at 2.91%$161.91
38,850 at 2.92%$162.12
38,850 at 2.93%$162.33
38,850 at 2.94%$162.54
38,850 at 2.95%$162.75
38,850 at 2.96%$162.96
38,850 at 2.97%$163.17
38,850 at 2.98%$163.37
38,850 at 2.99%$163.58
38,850 at 3%$163.79
38,850 at 3.01%$164.00
38,850 at 3.02%$164.21
38,850 at 3.03%$164.42
38,850 at 3.04%$164.63
38,850 at 3.05%$164.84
38,850 at 3.06%$165.05
38,850 at 3.07%$165.26
38,850 at 3.08%$165.47
38,850 at 3.09%$165.68
38,850 at 3.1%$165.90
38,850 at 3.11%$166.11
38,850 at 3.12%$166.32
38,850 at 3.13%$166.53
38,850 at 3.14%$166.74
38,850 at 3.15%$166.95
38,850 at 3.16%$167.16
38,850 at 3.17%$167.38
38,850 at 3.18%$167.59
38,850 at 3.19%$167.80
38,850 at 3.2%$168.01
38,850 at 3.21%$168.23
38,850 at 3.22%$168.44
38,850 at 3.23%$168.65
38,850 at 3.24%$168.86
38,850 at 3.25%$169.08
38,850 at 3.26%$169.29
38,850 at 3.27%$169.50
38,850 at 3.28%$169.72
38,850 at 3.29%$169.93
38,850 at 3.3%$170.15
38,850 at 3.31%$170.36
38,850 at 3.32%$170.57
38,850 at 3.33%$170.79
38,850 at 3.34%$171.00
38,850 at 3.35%$171.22
38,850 at 3.36%$171.43
38,850 at 3.37%$171.65
38,850 at 3.38%$171.86
38,850 at 3.39%$172.08
38,850 at 3.4%$172.29
38,850 at 3.41%$172.51
38,850 at 3.42%$172.72
38,850 at 3.43%$172.94
38,850 at 3.44%$173.16
38,850 at 3.45%$173.37
38,850 at 3.46%$173.59
38,850 at 3.47%$173.80
38,850 at 3.48%$174.02
38,850 at 3.49%$174.24
38,850 at 3.5%$174.45
Interest Rate 30 Year
38,850 at 3.51%$174.67
38,850 at 3.52%$174.89
38,850 at 3.53%$175.11
38,850 at 3.54%$175.32
38,850 at 3.55%$175.54
38,850 at 3.56%$175.76
38,850 at 3.57%$175.98
38,850 at 3.58%$176.19
38,850 at 3.59%$176.41
38,850 at 3.6%$176.63
38,850 at 3.61%$176.85
38,850 at 3.62%$177.07
38,850 at 3.63%$177.29
38,850 at 3.64%$177.50
38,850 at 3.65%$177.72
38,850 at 3.66%$177.94
38,850 at 3.67%$178.16
38,850 at 3.68%$178.38
38,850 at 3.69%$178.60
38,850 at 3.7%$178.82
38,850 at 3.71%$179.04
38,850 at 3.72%$179.26
38,850 at 3.73%$179.48
38,850 at 3.74%$179.70
38,850 at 3.75%$179.92
38,850 at 3.76%$180.14
38,850 at 3.77%$180.36
38,850 at 3.78%$180.58
38,850 at 3.79%$180.80
38,850 at 3.8%$181.02
38,850 at 3.81%$181.25
38,850 at 3.82%$181.47
38,850 at 3.83%$181.69
38,850 at 3.84%$181.91
38,850 at 3.85%$182.13
38,850 at 3.86%$182.35
38,850 at 3.87%$182.58
38,850 at 3.88%$182.80
38,850 at 3.89%$183.02
38,850 at 3.9%$183.24
38,850 at 3.91%$183.47
38,850 at 3.92%$183.69
38,850 at 3.93%$183.91
38,850 at 3.94%$184.13
38,850 at 3.95%$184.36
38,850 at 3.96%$184.58
38,850 at 3.97%$184.80
38,850 at 3.98%$185.03
38,850 at 3.99%$185.25
38,850 at 4%$185.48
38,850 at 4.01%$185.70
38,850 at 4.02%$185.92
38,850 at 4.03%$186.15
38,850 at 4.04%$186.37
38,850 at 4.05%$186.60
38,850 at 4.06%$186.82
38,850 at 4.07%$187.05
38,850 at 4.08%$187.27
38,850 at 4.09%$187.50
38,850 at 4.1%$187.72
38,850 at 4.11%$187.95
38,850 at 4.12%$188.17
38,850 at 4.13%$188.40
38,850 at 4.14%$188.63
38,850 at 4.15%$188.85
38,850 at 4.16%$189.08
38,850 at 4.17%$189.30
38,850 at 4.18%$189.53
38,850 at 4.19%$189.76
38,850 at 4.2%$189.98
38,850 at 4.21%$190.21
38,850 at 4.22%$190.44
38,850 at 4.23%$190.66
38,850 at 4.24%$190.89
38,850 at 4.25%$191.12
38,850 at 4.26%$191.35
38,850 at 4.27%$191.57
38,850 at 4.28%$191.80
38,850 at 4.29%$192.03
38,850 at 4.3%$192.26
38,850 at 4.31%$192.49
38,850 at 4.32%$192.71
38,850 at 4.33%$192.94
38,850 at 4.34%$193.17
38,850 at 4.35%$193.40
38,850 at 4.36%$193.63
38,850 at 4.37%$193.86
38,850 at 4.38%$194.09
38,850 at 4.39%$194.32
38,850 at 4.4%$194.55
38,850 at 4.41%$194.78
38,850 at 4.42%$195.00
38,850 at 4.43%$195.23
38,850 at 4.44%$195.46
38,850 at 4.45%$195.69
38,850 at 4.46%$195.92
38,850 at 4.47%$196.16
38,850 at 4.48%$196.39
38,850 at 4.49%$196.62
38,850 at 4.5%$196.85
38,850 at 4.51%$197.08
38,850 at 4.52%$197.31
38,850 at 4.53%$197.54
38,850 at 4.54%$197.77
38,850 at 4.55%$198.00
38,850 at 4.56%$198.23
38,850 at 4.57%$198.47
38,850 at 4.58%$198.70
38,850 at 4.59%$198.93
38,850 at 4.6%$199.16
38,850 at 4.61%$199.39
38,850 at 4.62%$199.63
38,850 at 4.63%$199.86
38,850 at 4.64%$200.09
38,850 at 4.65%$200.32
38,850 at 4.66%$200.56
38,850 at 4.67%$200.79
38,850 at 4.68%$201.02
38,850 at 4.69%$201.26
38,850 at 4.7%$201.49
38,850 at 4.71%$201.72
38,850 at 4.72%$201.96
38,850 at 4.73%$202.19
38,850 at 4.74%$202.43
38,850 at 4.75%$202.66
38,850 at 4.76%$202.89
38,850 at 4.77%$203.13
38,850 at 4.78%$203.36
38,850 at 4.79%$203.60
38,850 at 4.8%$203.83
38,850 at 4.81%$204.07
38,850 at 4.82%$204.30
38,850 at 4.83%$204.54
38,850 at 4.84%$204.77
38,850 at 4.85%$205.01
38,850 at 4.86%$205.24
38,850 at 4.87%$205.48
38,850 at 4.88%$205.72
38,850 at 4.89%$205.95
38,850 at 4.9%$206.19
38,850 at 4.91%$206.42
38,850 at 4.92%$206.66
38,850 at 4.93%$206.90
38,850 at 4.94%$207.13
38,850 at 4.95%$207.37
38,850 at 4.96%$207.61
38,850 at 4.97%$207.84
38,850 at 4.98%$208.08
38,850 at 4.99%$208.32
38,850 at 5%$208.56
Interest Rate 30 Year
38,850 at 5.01%$208.79
38,850 at 5.02%$209.03
38,850 at 5.03%$209.27
38,850 at 5.04%$209.51
38,850 at 5.05%$209.74
38,850 at 5.06%$209.98
38,850 at 5.07%$210.22
38,850 at 5.08%$210.46
38,850 at 5.09%$210.70
38,850 at 5.1%$210.94
38,850 at 5.11%$211.17
38,850 at 5.12%$211.41
38,850 at 5.13%$211.65
38,850 at 5.14%$211.89
38,850 at 5.15%$212.13
38,850 at 5.16%$212.37
38,850 at 5.17%$212.61
38,850 at 5.18%$212.85
38,850 at 5.19%$213.09
38,850 at 5.2%$213.33
38,850 at 5.21%$213.57
38,850 at 5.22%$213.81
38,850 at 5.23%$214.05
38,850 at 5.24%$214.29
38,850 at 5.25%$214.53
38,850 at 5.26%$214.77
38,850 at 5.27%$215.01
38,850 at 5.28%$215.25
38,850 at 5.29%$215.49
38,850 at 5.3%$215.74
38,850 at 5.31%$215.98
38,850 at 5.32%$216.22
38,850 at 5.33%$216.46
38,850 at 5.34%$216.70
38,850 at 5.35%$216.94
38,850 at 5.36%$217.19
38,850 at 5.37%$217.43
38,850 at 5.38%$217.67
38,850 at 5.39%$217.91
38,850 at 5.4%$218.15
38,850 at 5.41%$218.40
38,850 at 5.42%$218.64
38,850 at 5.43%$218.88
38,850 at 5.44%$219.13
38,850 at 5.45%$219.37
38,850 at 5.46%$219.61
38,850 at 5.47%$219.86
38,850 at 5.48%$220.10
38,850 at 5.49%$220.34
38,850 at 5.5%$220.59
38,850 at 5.51%$220.83
38,850 at 5.52%$221.07
38,850 at 5.53%$221.32
38,850 at 5.54%$221.56
38,850 at 5.55%$221.81
38,850 at 5.56%$222.05
38,850 at 5.57%$222.30
38,850 at 5.58%$222.54
38,850 at 5.59%$222.78
38,850 at 5.6%$223.03
38,850 at 5.61%$223.27
38,850 at 5.62%$223.52
38,850 at 5.63%$223.77
38,850 at 5.64%$224.01
38,850 at 5.65%$224.26
38,850 at 5.66%$224.50
38,850 at 5.67%$224.75
38,850 at 5.68%$224.99
38,850 at 5.69%$225.24
38,850 at 5.7%$225.49
38,850 at 5.71%$225.73
38,850 at 5.72%$225.98
38,850 at 5.73%$226.22
38,850 at 5.74%$226.47
38,850 at 5.75%$226.72
38,850 at 5.76%$226.96
38,850 at 5.77%$227.21
38,850 at 5.78%$227.46
38,850 at 5.79%$227.71
38,850 at 5.8%$227.95
38,850 at 5.81%$228.20
38,850 at 5.82%$228.45
38,850 at 5.83%$228.70
38,850 at 5.84%$228.94
38,850 at 5.85%$229.19
38,850 at 5.86%$229.44
38,850 at 5.87%$229.69
38,850 at 5.88%$229.94
38,850 at 5.89%$230.18
38,850 at 5.9%$230.43
38,850 at 5.91%$230.68
38,850 at 5.92%$230.93
38,850 at 5.93%$231.18
38,850 at 5.94%$231.43
38,850 at 5.95%$231.68
38,850 at 5.96%$231.93
38,850 at 5.97%$232.18
38,850 at 5.98%$232.43
38,850 at 5.99%$232.68
38,850 at 6%$232.93
38,850 at 6.01%$233.18
38,850 at 6.02%$233.43
38,850 at 6.03%$233.68
38,850 at 6.04%$233.93
38,850 at 6.05%$234.18
38,850 at 6.06%$234.43
38,850 at 6.07%$234.68
38,850 at 6.08%$234.93
38,850 at 6.09%$235.18
38,850 at 6.1%$235.43
38,850 at 6.11%$235.68
38,850 at 6.12%$235.93
38,850 at 6.13%$236.18
38,850 at 6.14%$236.43
38,850 at 6.15%$236.69
38,850 at 6.16%$236.94
38,850 at 6.17%$237.19
38,850 at 6.18%$237.44
38,850 at 6.19%$237.69
38,850 at 6.2%$237.94
38,850 at 6.21%$238.20
38,850 at 6.22%$238.45
38,850 at 6.23%$238.70
38,850 at 6.24%$238.95
38,850 at 6.25%$239.21
38,850 at 6.26%$239.46
38,850 at 6.27%$239.71
38,850 at 6.28%$239.96
38,850 at 6.29%$240.22
38,850 at 6.3%$240.47
38,850 at 6.31%$240.72
38,850 at 6.32%$240.98
38,850 at 6.33%$241.23
38,850 at 6.34%$241.48
38,850 at 6.35%$241.74
38,850 at 6.36%$241.99
38,850 at 6.37%$242.25
38,850 at 6.38%$242.50
38,850 at 6.39%$242.75
38,850 at 6.4%$243.01
38,850 at 6.41%$243.26
38,850 at 6.42%$243.52
38,850 at 6.43%$243.77
38,850 at 6.44%$244.03
38,850 at 6.45%$244.28
38,850 at 6.46%$244.54
38,850 at 6.47%$244.79
38,850 at 6.48%$245.05
38,850 at 6.49%$245.30
38,850 at 6.5%$245.56
Interest Rate 30 Year
38,850 at 6.51%$245.81
38,850 at 6.52%$246.07
38,850 at 6.53%$246.33
38,850 at 6.54%$246.58
38,850 at 6.55%$246.84
38,850 at 6.56%$247.09
38,850 at 6.57%$247.35
38,850 at 6.58%$247.61
38,850 at 6.59%$247.86
38,850 at 6.6%$248.12
38,850 at 6.61%$248.38
38,850 at 6.62%$248.63
38,850 at 6.63%$248.89
38,850 at 6.64%$249.15
38,850 at 6.65%$249.40
38,850 at 6.66%$249.66
38,850 at 6.67%$249.92
38,850 at 6.68%$250.18
38,850 at 6.69%$250.43
38,850 at 6.7%$250.69
38,850 at 6.71%$250.95
38,850 at 6.72%$251.21
38,850 at 6.73%$251.46
38,850 at 6.74%$251.72
38,850 at 6.75%$251.98
38,850 at 6.76%$252.24
38,850 at 6.77%$252.50
38,850 at 6.78%$252.76
38,850 at 6.79%$253.01
38,850 at 6.8%$253.27
38,850 at 6.81%$253.53
38,850 at 6.82%$253.79
38,850 at 6.83%$254.05
38,850 at 6.84%$254.31
38,850 at 6.85%$254.57
38,850 at 6.86%$254.83
38,850 at 6.87%$255.09
38,850 at 6.88%$255.35
38,850 at 6.89%$255.61
38,850 at 6.9%$255.87
38,850 at 6.91%$256.13
38,850 at 6.92%$256.39
38,850 at 6.93%$256.65
38,850 at 6.94%$256.91
38,850 at 6.95%$257.17
38,850 at 6.96%$257.43
38,850 at 6.97%$257.69
38,850 at 6.98%$257.95
38,850 at 6.99%$258.21
38,850 at 7%$258.47
38,850 at 7.01%$258.73
38,850 at 7.02%$258.99
38,850 at 7.03%$259.25
38,850 at 7.04%$259.51
38,850 at 7.05%$259.78
38,850 at 7.06%$260.04
38,850 at 7.07%$260.30
38,850 at 7.08%$260.56
38,850 at 7.09%$260.82
38,850 at 7.1%$261.08
38,850 at 7.11%$261.35
38,850 at 7.12%$261.61
38,850 at 7.13%$261.87
38,850 at 7.14%$262.13
38,850 at 7.15%$262.40
38,850 at 7.16%$262.66
38,850 at 7.17%$262.92
38,850 at 7.18%$263.18
38,850 at 7.19%$263.45
38,850 at 7.2%$263.71
38,850 at 7.21%$263.97
38,850 at 7.22%$264.24
38,850 at 7.23%$264.50
38,850 at 7.24%$264.76
38,850 at 7.25%$265.03
38,850 at 7.26%$265.29
38,850 at 7.27%$265.55
38,850 at 7.28%$265.82
38,850 at 7.29%$266.08
38,850 at 7.3%$266.34
38,850 at 7.31%$266.61
38,850 at 7.32%$266.87
38,850 at 7.33%$267.14
38,850 at 7.34%$267.40
38,850 at 7.35%$267.67
38,850 at 7.36%$267.93
38,850 at 7.37%$268.19
38,850 at 7.38%$268.46
38,850 at 7.39%$268.72
38,850 at 7.4%$268.99
38,850 at 7.41%$269.25
38,850 at 7.42%$269.52
38,850 at 7.43%$269.79
38,850 at 7.44%$270.05
38,850 at 7.45%$270.32
38,850 at 7.46%$270.58
38,850 at 7.47%$270.85
38,850 at 7.48%$271.11
38,850 at 7.49%$271.38
38,850 at 7.5%$271.64
38,850 at 7.51%$271.91
38,850 at 7.52%$272.18
38,850 at 7.53%$272.44
38,850 at 7.54%$272.71
38,850 at 7.55%$272.98
38,850 at 7.56%$273.24
38,850 at 7.57%$273.51
38,850 at 7.58%$273.78
38,850 at 7.59%$274.04
38,850 at 7.6%$274.31
38,850 at 7.61%$274.58
38,850 at 7.62%$274.84
38,850 at 7.63%$275.11
38,850 at 7.64%$275.38
38,850 at 7.65%$275.65
38,850 at 7.66%$275.91
38,850 at 7.67%$276.18
38,850 at 7.68%$276.45
38,850 at 7.69%$276.72
38,850 at 7.7%$276.99
38,850 at 7.71%$277.25
38,850 at 7.72%$277.52
38,850 at 7.73%$277.79
38,850 at 7.74%$278.06
38,850 at 7.75%$278.33
38,850 at 7.76%$278.59
38,850 at 7.77%$278.86
38,850 at 7.78%$279.13
38,850 at 7.79%$279.40
38,850 at 7.8%$279.67
38,850 at 7.81%$279.94
38,850 at 7.82%$280.21
38,850 at 7.83%$280.48
38,850 at 7.84%$280.75
38,850 at 7.85%$281.02
38,850 at 7.86%$281.29
38,850 at 7.87%$281.55
38,850 at 7.88%$281.82
38,850 at 7.89%$282.09
38,850 at 7.9%$282.36
38,850 at 7.91%$282.63
38,850 at 7.92%$282.90
38,850 at 7.93%$283.17
38,850 at 7.94%$283.44
38,850 at 7.95%$283.71
38,850 at 7.96%$283.98
38,850 at 7.97%$284.26
38,850 at 7.98%$284.53
38,850 at 7.99%$284.80
38,850 at 8%$285.07
More Amounts
What is the down payment for a $38,850 house? How much do you need to put down?
Percent Down Down Payment
1%389
2%777
3%1,166
4%1,554
5%1,943
6%2,331
7%2,720
8%3,108
9%3,497
10%3,885
11%4,274
12%4,662
13%5,051
14%5,439
15%5,828
16%6,216
17%6,605
18%6,993
19%7,382
20%7,770
Percent Down Down Payment
21%8,159
22%8,547
23%8,936
24%9,324
25%9,713
26%10,101
27%10,490
28%10,878
29%11,267
30%11,655
31%12,044
32%12,432
33%12,821
34%13,209
35%13,598
36%13,986
37%14,375
38%14,763
39%15,152
40%15,540
Percent Down Down Payment
41%15,929
42%16,317
43%16,706
44%17,094
45%17,483
46%17,871
47%18,260
48%18,648
49%19,037
50%19,425
51%19,814
52%20,202
53%20,591
54%20,979
55%21,368
56%21,756
57%22,145
58%22,533
59%22,922
60%23,310
Percent Down Down Payment
61%23,699
62%24,087
63%24,476
64%24,864
65%25,253
66%25,641
67%26,030
68%26,418
69%26,807
70%27,195
71%27,584
72%27,972
73%28,361
74%28,749
75%29,138
76%29,526
77%29,915
78%30,303
79%30,692
80%31,080
Percent Down Down Payment
81%31,469
82%31,857
83%32,246
84%32,634
85%33,023
86%33,411
87%33,800
88%34,188
89%34,577
90%34,965
91%35,354
92%35,742
93%36,131
94%36,519
95%36,908
96%37,296
97%37,685
98%38,073
99%38,462
100%38,850
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.