$39,950 Mortgage for 30 Years

What is the monthly payment of a 39,950 dollar loan?
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Loan Tables for a $39,950 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 40k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $39,950 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
39,950 at 2.01%$147.86
39,950 at 2.02%$148.06
39,950 at 2.03%$148.26
39,950 at 2.04%$148.46
39,950 at 2.05%$148.66
39,950 at 2.06%$148.86
39,950 at 2.07%$149.07
39,950 at 2.08%$149.27
39,950 at 2.09%$149.47
39,950 at 2.1%$149.67
39,950 at 2.11%$149.87
39,950 at 2.12%$150.07
39,950 at 2.13%$150.27
39,950 at 2.14%$150.48
39,950 at 2.15%$150.68
39,950 at 2.16%$150.88
39,950 at 2.17%$151.08
39,950 at 2.18%$151.28
39,950 at 2.19%$151.49
39,950 at 2.2%$151.69
39,950 at 2.21%$151.89
39,950 at 2.22%$152.10
39,950 at 2.23%$152.30
39,950 at 2.24%$152.50
39,950 at 2.25%$152.71
39,950 at 2.26%$152.91
39,950 at 2.27%$153.12
39,950 at 2.28%$153.32
39,950 at 2.29%$153.52
39,950 at 2.3%$153.73
39,950 at 2.31%$153.93
39,950 at 2.32%$154.14
39,950 at 2.33%$154.34
39,950 at 2.34%$154.55
39,950 at 2.35%$154.75
39,950 at 2.36%$154.96
39,950 at 2.37%$155.16
39,950 at 2.38%$155.37
39,950 at 2.39%$155.58
39,950 at 2.4%$155.78
39,950 at 2.41%$155.99
39,950 at 2.42%$156.19
39,950 at 2.43%$156.40
39,950 at 2.44%$156.61
39,950 at 2.45%$156.81
39,950 at 2.46%$157.02
39,950 at 2.47%$157.23
39,950 at 2.48%$157.44
39,950 at 2.49%$157.64
39,950 at 2.5%$157.85
39,950 at 2.51%$158.06
39,950 at 2.52%$158.27
39,950 at 2.53%$158.47
39,950 at 2.54%$158.68
39,950 at 2.55%$158.89
39,950 at 2.56%$159.10
39,950 at 2.57%$159.31
39,950 at 2.58%$159.52
39,950 at 2.59%$159.73
39,950 at 2.6%$159.94
39,950 at 2.61%$160.15
39,950 at 2.62%$160.35
39,950 at 2.63%$160.56
39,950 at 2.64%$160.77
39,950 at 2.65%$160.98
39,950 at 2.66%$161.19
39,950 at 2.67%$161.40
39,950 at 2.68%$161.61
39,950 at 2.69%$161.83
39,950 at 2.7%$162.04
39,950 at 2.71%$162.25
39,950 at 2.72%$162.46
39,950 at 2.73%$162.67
39,950 at 2.74%$162.88
39,950 at 2.75%$163.09
39,950 at 2.76%$163.30
39,950 at 2.77%$163.52
39,950 at 2.78%$163.73
39,950 at 2.79%$163.94
39,950 at 2.8%$164.15
39,950 at 2.81%$164.36
39,950 at 2.82%$164.58
39,950 at 2.83%$164.79
39,950 at 2.84%$165.00
39,950 at 2.85%$165.22
39,950 at 2.86%$165.43
39,950 at 2.87%$165.64
39,950 at 2.88%$165.86
39,950 at 2.89%$166.07
39,950 at 2.9%$166.28
39,950 at 2.91%$166.50
39,950 at 2.92%$166.71
39,950 at 2.93%$166.93
39,950 at 2.94%$167.14
39,950 at 2.95%$167.36
39,950 at 2.96%$167.57
39,950 at 2.97%$167.79
39,950 at 2.98%$168.00
39,950 at 2.99%$168.22
39,950 at 3%$168.43
39,950 at 3.01%$168.65
39,950 at 3.02%$168.86
39,950 at 3.03%$169.08
39,950 at 3.04%$169.29
39,950 at 3.05%$169.51
39,950 at 3.06%$169.73
39,950 at 3.07%$169.94
39,950 at 3.08%$170.16
39,950 at 3.09%$170.38
39,950 at 3.1%$170.59
39,950 at 3.11%$170.81
39,950 at 3.12%$171.03
39,950 at 3.13%$171.24
39,950 at 3.14%$171.46
39,950 at 3.15%$171.68
39,950 at 3.16%$171.90
39,950 at 3.17%$172.12
39,950 at 3.18%$172.33
39,950 at 3.19%$172.55
39,950 at 3.2%$172.77
39,950 at 3.21%$172.99
39,950 at 3.22%$173.21
39,950 at 3.23%$173.43
39,950 at 3.24%$173.65
39,950 at 3.25%$173.86
39,950 at 3.26%$174.08
39,950 at 3.27%$174.30
39,950 at 3.28%$174.52
39,950 at 3.29%$174.74
39,950 at 3.3%$174.96
39,950 at 3.31%$175.18
39,950 at 3.32%$175.40
39,950 at 3.33%$175.62
39,950 at 3.34%$175.84
39,950 at 3.35%$176.07
39,950 at 3.36%$176.29
39,950 at 3.37%$176.51
39,950 at 3.38%$176.73
39,950 at 3.39%$176.95
39,950 at 3.4%$177.17
39,950 at 3.41%$177.39
39,950 at 3.42%$177.61
39,950 at 3.43%$177.84
39,950 at 3.44%$178.06
39,950 at 3.45%$178.28
39,950 at 3.46%$178.50
39,950 at 3.47%$178.73
39,950 at 3.48%$178.95
39,950 at 3.49%$179.17
39,950 at 3.5%$179.39
Interest Rate 30 Year
39,950 at 3.51%$179.62
39,950 at 3.52%$179.84
39,950 at 3.53%$180.06
39,950 at 3.54%$180.29
39,950 at 3.55%$180.51
39,950 at 3.56%$180.73
39,950 at 3.57%$180.96
39,950 at 3.58%$181.18
39,950 at 3.59%$181.41
39,950 at 3.6%$181.63
39,950 at 3.61%$181.86
39,950 at 3.62%$182.08
39,950 at 3.63%$182.30
39,950 at 3.64%$182.53
39,950 at 3.65%$182.76
39,950 at 3.66%$182.98
39,950 at 3.67%$183.21
39,950 at 3.68%$183.43
39,950 at 3.69%$183.66
39,950 at 3.7%$183.88
39,950 at 3.71%$184.11
39,950 at 3.72%$184.34
39,950 at 3.73%$184.56
39,950 at 3.74%$184.79
39,950 at 3.75%$185.01
39,950 at 3.76%$185.24
39,950 at 3.77%$185.47
39,950 at 3.78%$185.70
39,950 at 3.79%$185.92
39,950 at 3.8%$186.15
39,950 at 3.81%$186.38
39,950 at 3.82%$186.61
39,950 at 3.83%$186.83
39,950 at 3.84%$187.06
39,950 at 3.85%$187.29
39,950 at 3.86%$187.52
39,950 at 3.87%$187.75
39,950 at 3.88%$187.97
39,950 at 3.89%$188.20
39,950 at 3.9%$188.43
39,950 at 3.91%$188.66
39,950 at 3.92%$188.89
39,950 at 3.93%$189.12
39,950 at 3.94%$189.35
39,950 at 3.95%$189.58
39,950 at 3.96%$189.81
39,950 at 3.97%$190.04
39,950 at 3.98%$190.27
39,950 at 3.99%$190.50
39,950 at 4%$190.73
39,950 at 4.01%$190.96
39,950 at 4.02%$191.19
39,950 at 4.03%$191.42
39,950 at 4.04%$191.65
39,950 at 4.05%$191.88
39,950 at 4.06%$192.11
39,950 at 4.07%$192.34
39,950 at 4.08%$192.57
39,950 at 4.09%$192.81
39,950 at 4.1%$193.04
39,950 at 4.11%$193.27
39,950 at 4.12%$193.50
39,950 at 4.13%$193.73
39,950 at 4.14%$193.97
39,950 at 4.15%$194.20
39,950 at 4.16%$194.43
39,950 at 4.17%$194.66
39,950 at 4.18%$194.90
39,950 at 4.19%$195.13
39,950 at 4.2%$195.36
39,950 at 4.21%$195.60
39,950 at 4.22%$195.83
39,950 at 4.23%$196.06
39,950 at 4.24%$196.30
39,950 at 4.25%$196.53
39,950 at 4.26%$196.76
39,950 at 4.27%$197.00
39,950 at 4.28%$197.23
39,950 at 4.29%$197.47
39,950 at 4.3%$197.70
39,950 at 4.31%$197.94
39,950 at 4.32%$198.17
39,950 at 4.33%$198.41
39,950 at 4.34%$198.64
39,950 at 4.35%$198.88
39,950 at 4.36%$199.11
39,950 at 4.37%$199.35
39,950 at 4.38%$199.58
39,950 at 4.39%$199.82
39,950 at 4.4%$200.05
39,950 at 4.41%$200.29
39,950 at 4.42%$200.53
39,950 at 4.43%$200.76
39,950 at 4.44%$201.00
39,950 at 4.45%$201.24
39,950 at 4.46%$201.47
39,950 at 4.47%$201.71
39,950 at 4.48%$201.95
39,950 at 4.49%$202.18
39,950 at 4.5%$202.42
39,950 at 4.51%$202.66
39,950 at 4.52%$202.90
39,950 at 4.53%$203.13
39,950 at 4.54%$203.37
39,950 at 4.55%$203.61
39,950 at 4.56%$203.85
39,950 at 4.57%$204.09
39,950 at 4.58%$204.32
39,950 at 4.59%$204.56
39,950 at 4.6%$204.80
39,950 at 4.61%$205.04
39,950 at 4.62%$205.28
39,950 at 4.63%$205.52
39,950 at 4.64%$205.76
39,950 at 4.65%$206.00
39,950 at 4.66%$206.24
39,950 at 4.67%$206.48
39,950 at 4.68%$206.72
39,950 at 4.69%$206.96
39,950 at 4.7%$207.20
39,950 at 4.71%$207.44
39,950 at 4.72%$207.68
39,950 at 4.73%$207.92
39,950 at 4.74%$208.16
39,950 at 4.75%$208.40
39,950 at 4.76%$208.64
39,950 at 4.77%$208.88
39,950 at 4.78%$209.12
39,950 at 4.79%$209.36
39,950 at 4.8%$209.60
39,950 at 4.81%$209.85
39,950 at 4.82%$210.09
39,950 at 4.83%$210.33
39,950 at 4.84%$210.57
39,950 at 4.85%$210.81
39,950 at 4.86%$211.06
39,950 at 4.87%$211.30
39,950 at 4.88%$211.54
39,950 at 4.89%$211.78
39,950 at 4.9%$212.03
39,950 at 4.91%$212.27
39,950 at 4.92%$212.51
39,950 at 4.93%$212.75
39,950 at 4.94%$213.00
39,950 at 4.95%$213.24
39,950 at 4.96%$213.48
39,950 at 4.97%$213.73
39,950 at 4.98%$213.97
39,950 at 4.99%$214.22
39,950 at 5%$214.46
Interest Rate 30 Year
39,950 at 5.01%$214.70
39,950 at 5.02%$214.95
39,950 at 5.03%$215.19
39,950 at 5.04%$215.44
39,950 at 5.05%$215.68
39,950 at 5.06%$215.93
39,950 at 5.07%$216.17
39,950 at 5.08%$216.42
39,950 at 5.09%$216.66
39,950 at 5.1%$216.91
39,950 at 5.11%$217.15
39,950 at 5.12%$217.40
39,950 at 5.13%$217.65
39,950 at 5.14%$217.89
39,950 at 5.15%$218.14
39,950 at 5.16%$218.38
39,950 at 5.17%$218.63
39,950 at 5.18%$218.88
39,950 at 5.19%$219.12
39,950 at 5.2%$219.37
39,950 at 5.21%$219.62
39,950 at 5.22%$219.86
39,950 at 5.23%$220.11
39,950 at 5.24%$220.36
39,950 at 5.25%$220.61
39,950 at 5.26%$220.85
39,950 at 5.27%$221.10
39,950 at 5.28%$221.35
39,950 at 5.29%$221.60
39,950 at 5.3%$221.84
39,950 at 5.31%$222.09
39,950 at 5.32%$222.34
39,950 at 5.33%$222.59
39,950 at 5.34%$222.84
39,950 at 5.35%$223.09
39,950 at 5.36%$223.34
39,950 at 5.37%$223.58
39,950 at 5.38%$223.83
39,950 at 5.39%$224.08
39,950 at 5.4%$224.33
39,950 at 5.41%$224.58
39,950 at 5.42%$224.83
39,950 at 5.43%$225.08
39,950 at 5.44%$225.33
39,950 at 5.45%$225.58
39,950 at 5.46%$225.83
39,950 at 5.47%$226.08
39,950 at 5.48%$226.33
39,950 at 5.49%$226.58
39,950 at 5.5%$226.83
39,950 at 5.51%$227.08
39,950 at 5.52%$227.33
39,950 at 5.53%$227.58
39,950 at 5.54%$227.84
39,950 at 5.55%$228.09
39,950 at 5.56%$228.34
39,950 at 5.57%$228.59
39,950 at 5.58%$228.84
39,950 at 5.59%$229.09
39,950 at 5.6%$229.34
39,950 at 5.61%$229.60
39,950 at 5.62%$229.85
39,950 at 5.63%$230.10
39,950 at 5.64%$230.35
39,950 at 5.65%$230.61
39,950 at 5.66%$230.86
39,950 at 5.67%$231.11
39,950 at 5.68%$231.36
39,950 at 5.69%$231.62
39,950 at 5.7%$231.87
39,950 at 5.71%$232.12
39,950 at 5.72%$232.38
39,950 at 5.73%$232.63
39,950 at 5.74%$232.88
39,950 at 5.75%$233.14
39,950 at 5.76%$233.39
39,950 at 5.77%$233.65
39,950 at 5.78%$233.90
39,950 at 5.79%$234.15
39,950 at 5.8%$234.41
39,950 at 5.81%$234.66
39,950 at 5.82%$234.92
39,950 at 5.83%$235.17
39,950 at 5.84%$235.43
39,950 at 5.85%$235.68
39,950 at 5.86%$235.94
39,950 at 5.87%$236.19
39,950 at 5.88%$236.45
39,950 at 5.89%$236.70
39,950 at 5.9%$236.96
39,950 at 5.91%$237.21
39,950 at 5.92%$237.47
39,950 at 5.93%$237.73
39,950 at 5.94%$237.98
39,950 at 5.95%$238.24
39,950 at 5.96%$238.49
39,950 at 5.97%$238.75
39,950 at 5.98%$239.01
39,950 at 5.99%$239.26
39,950 at 6%$239.52
39,950 at 6.01%$239.78
39,950 at 6.02%$240.03
39,950 at 6.03%$240.29
39,950 at 6.04%$240.55
39,950 at 6.05%$240.81
39,950 at 6.06%$241.06
39,950 at 6.07%$241.32
39,950 at 6.08%$241.58
39,950 at 6.09%$241.84
39,950 at 6.1%$242.09
39,950 at 6.11%$242.35
39,950 at 6.12%$242.61
39,950 at 6.13%$242.87
39,950 at 6.14%$243.13
39,950 at 6.15%$243.39
39,950 at 6.16%$243.65
39,950 at 6.17%$243.90
39,950 at 6.18%$244.16
39,950 at 6.19%$244.42
39,950 at 6.2%$244.68
39,950 at 6.21%$244.94
39,950 at 6.22%$245.20
39,950 at 6.23%$245.46
39,950 at 6.24%$245.72
39,950 at 6.25%$245.98
39,950 at 6.26%$246.24
39,950 at 6.27%$246.50
39,950 at 6.28%$246.76
39,950 at 6.29%$247.02
39,950 at 6.3%$247.28
39,950 at 6.31%$247.54
39,950 at 6.32%$247.80
39,950 at 6.33%$248.06
39,950 at 6.34%$248.32
39,950 at 6.35%$248.58
39,950 at 6.36%$248.84
39,950 at 6.37%$249.11
39,950 at 6.38%$249.37
39,950 at 6.39%$249.63
39,950 at 6.4%$249.89
39,950 at 6.41%$250.15
39,950 at 6.42%$250.41
39,950 at 6.43%$250.67
39,950 at 6.44%$250.94
39,950 at 6.45%$251.20
39,950 at 6.46%$251.46
39,950 at 6.47%$251.72
39,950 at 6.48%$251.99
39,950 at 6.49%$252.25
39,950 at 6.5%$252.51
Interest Rate 30 Year
39,950 at 6.51%$252.77
39,950 at 6.52%$253.04
39,950 at 6.53%$253.30
39,950 at 6.54%$253.56
39,950 at 6.55%$253.83
39,950 at 6.56%$254.09
39,950 at 6.57%$254.35
39,950 at 6.58%$254.62
39,950 at 6.59%$254.88
39,950 at 6.6%$255.14
39,950 at 6.61%$255.41
39,950 at 6.62%$255.67
39,950 at 6.63%$255.94
39,950 at 6.64%$256.20
39,950 at 6.65%$256.46
39,950 at 6.66%$256.73
39,950 at 6.67%$256.99
39,950 at 6.68%$257.26
39,950 at 6.69%$257.52
39,950 at 6.7%$257.79
39,950 at 6.71%$258.05
39,950 at 6.72%$258.32
39,950 at 6.73%$258.58
39,950 at 6.74%$258.85
39,950 at 6.75%$259.11
39,950 at 6.76%$259.38
39,950 at 6.77%$259.65
39,950 at 6.78%$259.91
39,950 at 6.79%$260.18
39,950 at 6.8%$260.44
39,950 at 6.81%$260.71
39,950 at 6.82%$260.98
39,950 at 6.83%$261.24
39,950 at 6.84%$261.51
39,950 at 6.85%$261.78
39,950 at 6.86%$262.04
39,950 at 6.87%$262.31
39,950 at 6.88%$262.58
39,950 at 6.89%$262.84
39,950 at 6.9%$263.11
39,950 at 6.91%$263.38
39,950 at 6.92%$263.65
39,950 at 6.93%$263.91
39,950 at 6.94%$264.18
39,950 at 6.95%$264.45
39,950 at 6.96%$264.72
39,950 at 6.97%$264.98
39,950 at 6.98%$265.25
39,950 at 6.99%$265.52
39,950 at 7%$265.79
39,950 at 7.01%$266.06
39,950 at 7.02%$266.33
39,950 at 7.03%$266.59
39,950 at 7.04%$266.86
39,950 at 7.05%$267.13
39,950 at 7.06%$267.40
39,950 at 7.07%$267.67
39,950 at 7.08%$267.94
39,950 at 7.09%$268.21
39,950 at 7.1%$268.48
39,950 at 7.11%$268.75
39,950 at 7.12%$269.02
39,950 at 7.13%$269.29
39,950 at 7.14%$269.56
39,950 at 7.15%$269.82
39,950 at 7.16%$270.09
39,950 at 7.17%$270.37
39,950 at 7.18%$270.64
39,950 at 7.19%$270.91
39,950 at 7.2%$271.18
39,950 at 7.21%$271.45
39,950 at 7.22%$271.72
39,950 at 7.23%$271.99
39,950 at 7.24%$272.26
39,950 at 7.25%$272.53
39,950 at 7.26%$272.80
39,950 at 7.27%$273.07
39,950 at 7.28%$273.34
39,950 at 7.29%$273.61
39,950 at 7.3%$273.89
39,950 at 7.31%$274.16
39,950 at 7.32%$274.43
39,950 at 7.33%$274.70
39,950 at 7.34%$274.97
39,950 at 7.35%$275.24
39,950 at 7.36%$275.52
39,950 at 7.37%$275.79
39,950 at 7.38%$276.06
39,950 at 7.39%$276.33
39,950 at 7.4%$276.61
39,950 at 7.41%$276.88
39,950 at 7.42%$277.15
39,950 at 7.43%$277.42
39,950 at 7.44%$277.70
39,950 at 7.45%$277.97
39,950 at 7.46%$278.24
39,950 at 7.47%$278.52
39,950 at 7.48%$278.79
39,950 at 7.49%$279.06
39,950 at 7.5%$279.34
39,950 at 7.51%$279.61
39,950 at 7.52%$279.88
39,950 at 7.53%$280.16
39,950 at 7.54%$280.43
39,950 at 7.55%$280.71
39,950 at 7.56%$280.98
39,950 at 7.57%$281.25
39,950 at 7.58%$281.53
39,950 at 7.59%$281.80
39,950 at 7.6%$282.08
39,950 at 7.61%$282.35
39,950 at 7.62%$282.63
39,950 at 7.63%$282.90
39,950 at 7.64%$283.18
39,950 at 7.65%$283.45
39,950 at 7.66%$283.73
39,950 at 7.67%$284.00
39,950 at 7.68%$284.28
39,950 at 7.69%$284.55
39,950 at 7.7%$284.83
39,950 at 7.71%$285.10
39,950 at 7.72%$285.38
39,950 at 7.73%$285.65
39,950 at 7.74%$285.93
39,950 at 7.75%$286.21
39,950 at 7.76%$286.48
39,950 at 7.77%$286.76
39,950 at 7.78%$287.04
39,950 at 7.79%$287.31
39,950 at 7.8%$287.59
39,950 at 7.81%$287.86
39,950 at 7.82%$288.14
39,950 at 7.83%$288.42
39,950 at 7.84%$288.70
39,950 at 7.85%$288.97
39,950 at 7.86%$289.25
39,950 at 7.87%$289.53
39,950 at 7.88%$289.80
39,950 at 7.89%$290.08
39,950 at 7.9%$290.36
39,950 at 7.91%$290.64
39,950 at 7.92%$290.91
39,950 at 7.93%$291.19
39,950 at 7.94%$291.47
39,950 at 7.95%$291.75
39,950 at 7.96%$292.03
39,950 at 7.97%$292.30
39,950 at 7.98%$292.58
39,950 at 7.99%$292.86
39,950 at 8%$293.14
More Amounts
What is the down payment for a $39,950 house? How much do you need to put down?
Percent Down Down Payment
1%400
2%799
3%1,199
4%1,598
5%1,998
6%2,397
7%2,797
8%3,196
9%3,596
10%3,995
11%4,395
12%4,794
13%5,194
14%5,593
15%5,993
16%6,392
17%6,792
18%7,191
19%7,591
20%7,990
Percent Down Down Payment
21%8,390
22%8,789
23%9,189
24%9,588
25%9,988
26%10,387
27%10,787
28%11,186
29%11,586
30%11,985
31%12,385
32%12,784
33%13,184
34%13,583
35%13,983
36%14,382
37%14,782
38%15,181
39%15,581
40%15,980
Percent Down Down Payment
41%16,380
42%16,779
43%17,179
44%17,578
45%17,978
46%18,377
47%18,777
48%19,176
49%19,576
50%19,975
51%20,375
52%20,774
53%21,174
54%21,573
55%21,973
56%22,372
57%22,772
58%23,171
59%23,571
60%23,970
Percent Down Down Payment
61%24,370
62%24,769
63%25,169
64%25,568
65%25,968
66%26,367
67%26,767
68%27,166
69%27,566
70%27,965
71%28,365
72%28,764
73%29,164
74%29,563
75%29,963
76%30,362
77%30,762
78%31,161
79%31,561
80%31,960
Percent Down Down Payment
81%32,360
82%32,759
83%33,159
84%33,558
85%33,958
86%34,357
87%34,757
88%35,156
89%35,556
90%35,955
91%36,355
92%36,754
93%37,154
94%37,553
95%37,953
96%38,352
97%38,752
98%39,151
99%39,551
100%39,950
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.