$39,400 Mortgage for 30 Years

What is the monthly payment of a 39,400 dollar loan?
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Loan Tables for a $39,400 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 $39,400 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
39,400 at 2.01%$145.83
39,400 at 2.02%$146.02
39,400 at 2.03%$146.22
39,400 at 2.04%$146.42
39,400 at 2.05%$146.62
39,400 at 2.06%$146.82
39,400 at 2.07%$147.01
39,400 at 2.08%$147.21
39,400 at 2.09%$147.41
39,400 at 2.1%$147.61
39,400 at 2.11%$147.81
39,400 at 2.12%$148.01
39,400 at 2.13%$148.20
39,400 at 2.14%$148.40
39,400 at 2.15%$148.60
39,400 at 2.16%$148.80
39,400 at 2.17%$149.00
39,400 at 2.18%$149.20
39,400 at 2.19%$149.40
39,400 at 2.2%$149.60
39,400 at 2.21%$149.80
39,400 at 2.22%$150.00
39,400 at 2.23%$150.20
39,400 at 2.24%$150.40
39,400 at 2.25%$150.60
39,400 at 2.26%$150.81
39,400 at 2.27%$151.01
39,400 at 2.28%$151.21
39,400 at 2.29%$151.41
39,400 at 2.3%$151.61
39,400 at 2.31%$151.81
39,400 at 2.32%$152.02
39,400 at 2.33%$152.22
39,400 at 2.34%$152.42
39,400 at 2.35%$152.62
39,400 at 2.36%$152.82
39,400 at 2.37%$153.03
39,400 at 2.38%$153.23
39,400 at 2.39%$153.43
39,400 at 2.4%$153.64
39,400 at 2.41%$153.84
39,400 at 2.42%$154.04
39,400 at 2.43%$154.25
39,400 at 2.44%$154.45
39,400 at 2.45%$154.66
39,400 at 2.46%$154.86
39,400 at 2.47%$155.06
39,400 at 2.48%$155.27
39,400 at 2.49%$155.47
39,400 at 2.5%$155.68
39,400 at 2.51%$155.88
39,400 at 2.52%$156.09
39,400 at 2.53%$156.29
39,400 at 2.54%$156.50
39,400 at 2.55%$156.70
39,400 at 2.56%$156.91
39,400 at 2.57%$157.12
39,400 at 2.58%$157.32
39,400 at 2.59%$157.53
39,400 at 2.6%$157.73
39,400 at 2.61%$157.94
39,400 at 2.62%$158.15
39,400 at 2.63%$158.35
39,400 at 2.64%$158.56
39,400 at 2.65%$158.77
39,400 at 2.66%$158.97
39,400 at 2.67%$159.18
39,400 at 2.68%$159.39
39,400 at 2.69%$159.60
39,400 at 2.7%$159.81
39,400 at 2.71%$160.01
39,400 at 2.72%$160.22
39,400 at 2.73%$160.43
39,400 at 2.74%$160.64
39,400 at 2.75%$160.85
39,400 at 2.76%$161.06
39,400 at 2.77%$161.26
39,400 at 2.78%$161.47
39,400 at 2.79%$161.68
39,400 at 2.8%$161.89
39,400 at 2.81%$162.10
39,400 at 2.82%$162.31
39,400 at 2.83%$162.52
39,400 at 2.84%$162.73
39,400 at 2.85%$162.94
39,400 at 2.86%$163.15
39,400 at 2.87%$163.36
39,400 at 2.88%$163.57
39,400 at 2.89%$163.78
39,400 at 2.9%$163.99
39,400 at 2.91%$164.21
39,400 at 2.92%$164.42
39,400 at 2.93%$164.63
39,400 at 2.94%$164.84
39,400 at 2.95%$165.05
39,400 at 2.96%$165.26
39,400 at 2.97%$165.48
39,400 at 2.98%$165.69
39,400 at 2.99%$165.90
39,400 at 3%$166.11
39,400 at 3.01%$166.32
39,400 at 3.02%$166.54
39,400 at 3.03%$166.75
39,400 at 3.04%$166.96
39,400 at 3.05%$167.18
39,400 at 3.06%$167.39
39,400 at 3.07%$167.60
39,400 at 3.08%$167.82
39,400 at 3.09%$168.03
39,400 at 3.1%$168.24
39,400 at 3.11%$168.46
39,400 at 3.12%$168.67
39,400 at 3.13%$168.89
39,400 at 3.14%$169.10
39,400 at 3.15%$169.32
39,400 at 3.16%$169.53
39,400 at 3.17%$169.75
39,400 at 3.18%$169.96
39,400 at 3.19%$170.18
39,400 at 3.2%$170.39
39,400 at 3.21%$170.61
39,400 at 3.22%$170.82
39,400 at 3.23%$171.04
39,400 at 3.24%$171.26
39,400 at 3.25%$171.47
39,400 at 3.26%$171.69
39,400 at 3.27%$171.90
39,400 at 3.28%$172.12
39,400 at 3.29%$172.34
39,400 at 3.3%$172.55
39,400 at 3.31%$172.77
39,400 at 3.32%$172.99
39,400 at 3.33%$173.21
39,400 at 3.34%$173.42
39,400 at 3.35%$173.64
39,400 at 3.36%$173.86
39,400 at 3.37%$174.08
39,400 at 3.38%$174.29
39,400 at 3.39%$174.51
39,400 at 3.4%$174.73
39,400 at 3.41%$174.95
39,400 at 3.42%$175.17
39,400 at 3.43%$175.39
39,400 at 3.44%$175.61
39,400 at 3.45%$175.83
39,400 at 3.46%$176.05
39,400 at 3.47%$176.26
39,400 at 3.48%$176.48
39,400 at 3.49%$176.70
39,400 at 3.5%$176.92
Interest Rate 30 Year
39,400 at 3.51%$177.14
39,400 at 3.52%$177.36
39,400 at 3.53%$177.58
39,400 at 3.54%$177.80
39,400 at 3.55%$178.03
39,400 at 3.56%$178.25
39,400 at 3.57%$178.47
39,400 at 3.58%$178.69
39,400 at 3.59%$178.91
39,400 at 3.6%$179.13
39,400 at 3.61%$179.35
39,400 at 3.62%$179.57
39,400 at 3.63%$179.80
39,400 at 3.64%$180.02
39,400 at 3.65%$180.24
39,400 at 3.66%$180.46
39,400 at 3.67%$180.68
39,400 at 3.68%$180.91
39,400 at 3.69%$181.13
39,400 at 3.7%$181.35
39,400 at 3.71%$181.57
39,400 at 3.72%$181.80
39,400 at 3.73%$182.02
39,400 at 3.74%$182.24
39,400 at 3.75%$182.47
39,400 at 3.76%$182.69
39,400 at 3.77%$182.91
39,400 at 3.78%$183.14
39,400 at 3.79%$183.36
39,400 at 3.8%$183.59
39,400 at 3.81%$183.81
39,400 at 3.82%$184.04
39,400 at 3.83%$184.26
39,400 at 3.84%$184.49
39,400 at 3.85%$184.71
39,400 at 3.86%$184.94
39,400 at 3.87%$185.16
39,400 at 3.88%$185.39
39,400 at 3.89%$185.61
39,400 at 3.9%$185.84
39,400 at 3.91%$186.06
39,400 at 3.92%$186.29
39,400 at 3.93%$186.52
39,400 at 3.94%$186.74
39,400 at 3.95%$186.97
39,400 at 3.96%$187.19
39,400 at 3.97%$187.42
39,400 at 3.98%$187.65
39,400 at 3.99%$187.87
39,400 at 4%$188.10
39,400 at 4.01%$188.33
39,400 at 4.02%$188.56
39,400 at 4.03%$188.78
39,400 at 4.04%$189.01
39,400 at 4.05%$189.24
39,400 at 4.06%$189.47
39,400 at 4.07%$189.70
39,400 at 4.08%$189.92
39,400 at 4.09%$190.15
39,400 at 4.1%$190.38
39,400 at 4.11%$190.61
39,400 at 4.12%$190.84
39,400 at 4.13%$191.07
39,400 at 4.14%$191.30
39,400 at 4.15%$191.52
39,400 at 4.16%$191.75
39,400 at 4.17%$191.98
39,400 at 4.18%$192.21
39,400 at 4.19%$192.44
39,400 at 4.2%$192.67
39,400 at 4.21%$192.90
39,400 at 4.22%$193.13
39,400 at 4.23%$193.36
39,400 at 4.24%$193.59
39,400 at 4.25%$193.82
39,400 at 4.26%$194.06
39,400 at 4.27%$194.29
39,400 at 4.28%$194.52
39,400 at 4.29%$194.75
39,400 at 4.3%$194.98
39,400 at 4.31%$195.21
39,400 at 4.32%$195.44
39,400 at 4.33%$195.67
39,400 at 4.34%$195.91
39,400 at 4.35%$196.14
39,400 at 4.36%$196.37
39,400 at 4.37%$196.60
39,400 at 4.38%$196.83
39,400 at 4.39%$197.07
39,400 at 4.4%$197.30
39,400 at 4.41%$197.53
39,400 at 4.42%$197.77
39,400 at 4.43%$198.00
39,400 at 4.44%$198.23
39,400 at 4.45%$198.47
39,400 at 4.46%$198.70
39,400 at 4.47%$198.93
39,400 at 4.48%$199.17
39,400 at 4.49%$199.40
39,400 at 4.5%$199.63
39,400 at 4.51%$199.87
39,400 at 4.52%$200.10
39,400 at 4.53%$200.34
39,400 at 4.54%$200.57
39,400 at 4.55%$200.81
39,400 at 4.56%$201.04
39,400 at 4.57%$201.28
39,400 at 4.58%$201.51
39,400 at 4.59%$201.75
39,400 at 4.6%$201.98
39,400 at 4.61%$202.22
39,400 at 4.62%$202.45
39,400 at 4.63%$202.69
39,400 at 4.64%$202.92
39,400 at 4.65%$203.16
39,400 at 4.66%$203.40
39,400 at 4.67%$203.63
39,400 at 4.68%$203.87
39,400 at 4.69%$204.11
39,400 at 4.7%$204.34
39,400 at 4.71%$204.58
39,400 at 4.72%$204.82
39,400 at 4.73%$205.05
39,400 at 4.74%$205.29
39,400 at 4.75%$205.53
39,400 at 4.76%$205.77
39,400 at 4.77%$206.00
39,400 at 4.78%$206.24
39,400 at 4.79%$206.48
39,400 at 4.8%$206.72
39,400 at 4.81%$206.96
39,400 at 4.82%$207.19
39,400 at 4.83%$207.43
39,400 at 4.84%$207.67
39,400 at 4.85%$207.91
39,400 at 4.86%$208.15
39,400 at 4.87%$208.39
39,400 at 4.88%$208.63
39,400 at 4.89%$208.87
39,400 at 4.9%$209.11
39,400 at 4.91%$209.35
39,400 at 4.92%$209.59
39,400 at 4.93%$209.83
39,400 at 4.94%$210.07
39,400 at 4.95%$210.31
39,400 at 4.96%$210.55
39,400 at 4.97%$210.79
39,400 at 4.98%$211.03
39,400 at 4.99%$211.27
39,400 at 5%$211.51
Interest Rate 30 Year
39,400 at 5.01%$211.75
39,400 at 5.02%$211.99
39,400 at 5.03%$212.23
39,400 at 5.04%$212.47
39,400 at 5.05%$212.71
39,400 at 5.06%$212.95
39,400 at 5.07%$213.20
39,400 at 5.08%$213.44
39,400 at 5.09%$213.68
39,400 at 5.1%$213.92
39,400 at 5.11%$214.16
39,400 at 5.12%$214.41
39,400 at 5.13%$214.65
39,400 at 5.14%$214.89
39,400 at 5.15%$215.13
39,400 at 5.16%$215.38
39,400 at 5.17%$215.62
39,400 at 5.18%$215.86
39,400 at 5.19%$216.11
39,400 at 5.2%$216.35
39,400 at 5.21%$216.59
39,400 at 5.22%$216.84
39,400 at 5.23%$217.08
39,400 at 5.24%$217.32
39,400 at 5.25%$217.57
39,400 at 5.26%$217.81
39,400 at 5.27%$218.06
39,400 at 5.28%$218.30
39,400 at 5.29%$218.55
39,400 at 5.3%$218.79
39,400 at 5.31%$219.03
39,400 at 5.32%$219.28
39,400 at 5.33%$219.52
39,400 at 5.34%$219.77
39,400 at 5.35%$220.01
39,400 at 5.36%$220.26
39,400 at 5.37%$220.51
39,400 at 5.38%$220.75
39,400 at 5.39%$221.00
39,400 at 5.4%$221.24
39,400 at 5.41%$221.49
39,400 at 5.42%$221.74
39,400 at 5.43%$221.98
39,400 at 5.44%$222.23
39,400 at 5.45%$222.47
39,400 at 5.46%$222.72
39,400 at 5.47%$222.97
39,400 at 5.48%$223.21
39,400 at 5.49%$223.46
39,400 at 5.5%$223.71
39,400 at 5.51%$223.96
39,400 at 5.52%$224.20
39,400 at 5.53%$224.45
39,400 at 5.54%$224.70
39,400 at 5.55%$224.95
39,400 at 5.56%$225.19
39,400 at 5.57%$225.44
39,400 at 5.58%$225.69
39,400 at 5.59%$225.94
39,400 at 5.6%$226.19
39,400 at 5.61%$226.44
39,400 at 5.62%$226.68
39,400 at 5.63%$226.93
39,400 at 5.64%$227.18
39,400 at 5.65%$227.43
39,400 at 5.66%$227.68
39,400 at 5.67%$227.93
39,400 at 5.68%$228.18
39,400 at 5.69%$228.43
39,400 at 5.7%$228.68
39,400 at 5.71%$228.93
39,400 at 5.72%$229.18
39,400 at 5.73%$229.43
39,400 at 5.74%$229.68
39,400 at 5.75%$229.93
39,400 at 5.76%$230.18
39,400 at 5.77%$230.43
39,400 at 5.78%$230.68
39,400 at 5.79%$230.93
39,400 at 5.8%$231.18
39,400 at 5.81%$231.43
39,400 at 5.82%$231.68
39,400 at 5.83%$231.93
39,400 at 5.84%$232.19
39,400 at 5.85%$232.44
39,400 at 5.86%$232.69
39,400 at 5.87%$232.94
39,400 at 5.88%$233.19
39,400 at 5.89%$233.44
39,400 at 5.9%$233.70
39,400 at 5.91%$233.95
39,400 at 5.92%$234.20
39,400 at 5.93%$234.45
39,400 at 5.94%$234.71
39,400 at 5.95%$234.96
39,400 at 5.96%$235.21
39,400 at 5.97%$235.46
39,400 at 5.98%$235.72
39,400 at 5.99%$235.97
39,400 at 6%$236.22
39,400 at 6.01%$236.48
39,400 at 6.02%$236.73
39,400 at 6.03%$236.98
39,400 at 6.04%$237.24
39,400 at 6.05%$237.49
39,400 at 6.06%$237.74
39,400 at 6.07%$238.00
39,400 at 6.08%$238.25
39,400 at 6.09%$238.51
39,400 at 6.1%$238.76
39,400 at 6.11%$239.02
39,400 at 6.12%$239.27
39,400 at 6.13%$239.53
39,400 at 6.14%$239.78
39,400 at 6.15%$240.04
39,400 at 6.16%$240.29
39,400 at 6.17%$240.55
39,400 at 6.18%$240.80
39,400 at 6.19%$241.06
39,400 at 6.2%$241.31
39,400 at 6.21%$241.57
39,400 at 6.22%$241.82
39,400 at 6.23%$242.08
39,400 at 6.24%$242.34
39,400 at 6.25%$242.59
39,400 at 6.26%$242.85
39,400 at 6.27%$243.11
39,400 at 6.28%$243.36
39,400 at 6.29%$243.62
39,400 at 6.3%$243.88
39,400 at 6.31%$244.13
39,400 at 6.32%$244.39
39,400 at 6.33%$244.65
39,400 at 6.34%$244.90
39,400 at 6.35%$245.16
39,400 at 6.36%$245.42
39,400 at 6.37%$245.68
39,400 at 6.38%$245.93
39,400 at 6.39%$246.19
39,400 at 6.4%$246.45
39,400 at 6.41%$246.71
39,400 at 6.42%$246.97
39,400 at 6.43%$247.22
39,400 at 6.44%$247.48
39,400 at 6.45%$247.74
39,400 at 6.46%$248.00
39,400 at 6.47%$248.26
39,400 at 6.48%$248.52
39,400 at 6.49%$248.78
39,400 at 6.5%$249.03
Interest Rate 30 Year
39,400 at 6.51%$249.29
39,400 at 6.52%$249.55
39,400 at 6.53%$249.81
39,400 at 6.54%$250.07
39,400 at 6.55%$250.33
39,400 at 6.56%$250.59
39,400 at 6.57%$250.85
39,400 at 6.58%$251.11
39,400 at 6.59%$251.37
39,400 at 6.6%$251.63
39,400 at 6.61%$251.89
39,400 at 6.62%$252.15
39,400 at 6.63%$252.41
39,400 at 6.64%$252.67
39,400 at 6.65%$252.93
39,400 at 6.66%$253.20
39,400 at 6.67%$253.46
39,400 at 6.68%$253.72
39,400 at 6.69%$253.98
39,400 at 6.7%$254.24
39,400 at 6.71%$254.50
39,400 at 6.72%$254.76
39,400 at 6.73%$255.02
39,400 at 6.74%$255.29
39,400 at 6.75%$255.55
39,400 at 6.76%$255.81
39,400 at 6.77%$256.07
39,400 at 6.78%$256.33
39,400 at 6.79%$256.60
39,400 at 6.8%$256.86
39,400 at 6.81%$257.12
39,400 at 6.82%$257.38
39,400 at 6.83%$257.65
39,400 at 6.84%$257.91
39,400 at 6.85%$258.17
39,400 at 6.86%$258.44
39,400 at 6.87%$258.70
39,400 at 6.88%$258.96
39,400 at 6.89%$259.22
39,400 at 6.9%$259.49
39,400 at 6.91%$259.75
39,400 at 6.92%$260.02
39,400 at 6.93%$260.28
39,400 at 6.94%$260.54
39,400 at 6.95%$260.81
39,400 at 6.96%$261.07
39,400 at 6.97%$261.34
39,400 at 6.98%$261.60
39,400 at 6.99%$261.86
39,400 at 7%$262.13
39,400 at 7.01%$262.39
39,400 at 7.02%$262.66
39,400 at 7.03%$262.92
39,400 at 7.04%$263.19
39,400 at 7.05%$263.45
39,400 at 7.06%$263.72
39,400 at 7.07%$263.98
39,400 at 7.08%$264.25
39,400 at 7.09%$264.51
39,400 at 7.1%$264.78
39,400 at 7.11%$265.05
39,400 at 7.12%$265.31
39,400 at 7.13%$265.58
39,400 at 7.14%$265.84
39,400 at 7.15%$266.11
39,400 at 7.16%$266.38
39,400 at 7.17%$266.64
39,400 at 7.18%$266.91
39,400 at 7.19%$267.18
39,400 at 7.2%$267.44
39,400 at 7.21%$267.71
39,400 at 7.22%$267.98
39,400 at 7.23%$268.24
39,400 at 7.24%$268.51
39,400 at 7.25%$268.78
39,400 at 7.26%$269.04
39,400 at 7.27%$269.31
39,400 at 7.28%$269.58
39,400 at 7.29%$269.85
39,400 at 7.3%$270.11
39,400 at 7.31%$270.38
39,400 at 7.32%$270.65
39,400 at 7.33%$270.92
39,400 at 7.34%$271.19
39,400 at 7.35%$271.46
39,400 at 7.36%$271.72
39,400 at 7.37%$271.99
39,400 at 7.38%$272.26
39,400 at 7.39%$272.53
39,400 at 7.4%$272.80
39,400 at 7.41%$273.07
39,400 at 7.42%$273.34
39,400 at 7.43%$273.60
39,400 at 7.44%$273.87
39,400 at 7.45%$274.14
39,400 at 7.46%$274.41
39,400 at 7.47%$274.68
39,400 at 7.48%$274.95
39,400 at 7.49%$275.22
39,400 at 7.5%$275.49
39,400 at 7.51%$275.76
39,400 at 7.52%$276.03
39,400 at 7.53%$276.30
39,400 at 7.54%$276.57
39,400 at 7.55%$276.84
39,400 at 7.56%$277.11
39,400 at 7.57%$277.38
39,400 at 7.58%$277.65
39,400 at 7.59%$277.92
39,400 at 7.6%$278.19
39,400 at 7.61%$278.46
39,400 at 7.62%$278.74
39,400 at 7.63%$279.01
39,400 at 7.64%$279.28
39,400 at 7.65%$279.55
39,400 at 7.66%$279.82
39,400 at 7.67%$280.09
39,400 at 7.68%$280.36
39,400 at 7.69%$280.63
39,400 at 7.7%$280.91
39,400 at 7.71%$281.18
39,400 at 7.72%$281.45
39,400 at 7.73%$281.72
39,400 at 7.74%$281.99
39,400 at 7.75%$282.27
39,400 at 7.76%$282.54
39,400 at 7.77%$282.81
39,400 at 7.78%$283.08
39,400 at 7.79%$283.36
39,400 at 7.8%$283.63
39,400 at 7.81%$283.90
39,400 at 7.82%$284.17
39,400 at 7.83%$284.45
39,400 at 7.84%$284.72
39,400 at 7.85%$284.99
39,400 at 7.86%$285.27
39,400 at 7.87%$285.54
39,400 at 7.88%$285.81
39,400 at 7.89%$286.09
39,400 at 7.9%$286.36
39,400 at 7.91%$286.64
39,400 at 7.92%$286.91
39,400 at 7.93%$287.18
39,400 at 7.94%$287.46
39,400 at 7.95%$287.73
39,400 at 7.96%$288.01
39,400 at 7.97%$288.28
39,400 at 7.98%$288.55
39,400 at 7.99%$288.83
39,400 at 8%$289.10
More Amounts
What is the down payment for a $39,400 house? How much do you need to put down?
Percent Down Down Payment
1%394
2%788
3%1,182
4%1,576
5%1,970
6%2,364
7%2,758
8%3,152
9%3,546
10%3,940
11%4,334
12%4,728
13%5,122
14%5,516
15%5,910
16%6,304
17%6,698
18%7,092
19%7,486
20%7,880
Percent Down Down Payment
21%8,274
22%8,668
23%9,062
24%9,456
25%9,850
26%10,244
27%10,638
28%11,032
29%11,426
30%11,820
31%12,214
32%12,608
33%13,002
34%13,396
35%13,790
36%14,184
37%14,578
38%14,972
39%15,366
40%15,760
Percent Down Down Payment
41%16,154
42%16,548
43%16,942
44%17,336
45%17,730
46%18,124
47%18,518
48%18,912
49%19,306
50%19,700
51%20,094
52%20,488
53%20,882
54%21,276
55%21,670
56%22,064
57%22,458
58%22,852
59%23,246
60%23,640
Percent Down Down Payment
61%24,034
62%24,428
63%24,822
64%25,216
65%25,610
66%26,004
67%26,398
68%26,792
69%27,186
70%27,580
71%27,974
72%28,368
73%28,762
74%29,156
75%29,550
76%29,944
77%30,338
78%30,732
79%31,126
80%31,520
Percent Down Down Payment
81%31,914
82%32,308
83%32,702
84%33,096
85%33,490
86%33,884
87%34,278
88%34,672
89%35,066
90%35,460
91%35,854
92%36,248
93%36,642
94%37,036
95%37,430
96%37,824
97%38,218
98%38,612
99%39,006
100%39,400
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.