$40,800 Mortgage for 30 Years

What is the monthly payment of a 40,800 dollar loan?
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Loan Tables for a $40,800 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 41k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $40,800 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
40,800 at 2.01%$151.01
40,800 at 2.02%$151.21
40,800 at 2.03%$151.42
40,800 at 2.04%$151.62
40,800 at 2.05%$151.83
40,800 at 2.06%$152.03
40,800 at 2.07%$152.24
40,800 at 2.08%$152.44
40,800 at 2.09%$152.65
40,800 at 2.1%$152.85
40,800 at 2.11%$153.06
40,800 at 2.12%$153.26
40,800 at 2.13%$153.47
40,800 at 2.14%$153.68
40,800 at 2.15%$153.88
40,800 at 2.16%$154.09
40,800 at 2.17%$154.30
40,800 at 2.18%$154.50
40,800 at 2.19%$154.71
40,800 at 2.2%$154.92
40,800 at 2.21%$155.13
40,800 at 2.22%$155.33
40,800 at 2.23%$155.54
40,800 at 2.24%$155.75
40,800 at 2.25%$155.96
40,800 at 2.26%$156.16
40,800 at 2.27%$156.37
40,800 at 2.28%$156.58
40,800 at 2.29%$156.79
40,800 at 2.3%$157.00
40,800 at 2.31%$157.21
40,800 at 2.32%$157.42
40,800 at 2.33%$157.63
40,800 at 2.34%$157.84
40,800 at 2.35%$158.05
40,800 at 2.36%$158.26
40,800 at 2.37%$158.47
40,800 at 2.38%$158.68
40,800 at 2.39%$158.89
40,800 at 2.4%$159.10
40,800 at 2.41%$159.31
40,800 at 2.42%$159.52
40,800 at 2.43%$159.73
40,800 at 2.44%$159.94
40,800 at 2.45%$160.15
40,800 at 2.46%$160.36
40,800 at 2.47%$160.57
40,800 at 2.48%$160.79
40,800 at 2.49%$161.00
40,800 at 2.5%$161.21
40,800 at 2.51%$161.42
40,800 at 2.52%$161.63
40,800 at 2.53%$161.85
40,800 at 2.54%$162.06
40,800 at 2.55%$162.27
40,800 at 2.56%$162.48
40,800 at 2.57%$162.70
40,800 at 2.58%$162.91
40,800 at 2.59%$163.12
40,800 at 2.6%$163.34
40,800 at 2.61%$163.55
40,800 at 2.62%$163.77
40,800 at 2.63%$163.98
40,800 at 2.64%$164.19
40,800 at 2.65%$164.41
40,800 at 2.66%$164.62
40,800 at 2.67%$164.84
40,800 at 2.68%$165.05
40,800 at 2.69%$165.27
40,800 at 2.7%$165.48
40,800 at 2.71%$165.70
40,800 at 2.72%$165.91
40,800 at 2.73%$166.13
40,800 at 2.74%$166.35
40,800 at 2.75%$166.56
40,800 at 2.76%$166.78
40,800 at 2.77%$166.99
40,800 at 2.78%$167.21
40,800 at 2.79%$167.43
40,800 at 2.8%$167.64
40,800 at 2.81%$167.86
40,800 at 2.82%$168.08
40,800 at 2.83%$168.30
40,800 at 2.84%$168.51
40,800 at 2.85%$168.73
40,800 at 2.86%$168.95
40,800 at 2.87%$169.17
40,800 at 2.88%$169.39
40,800 at 2.89%$169.60
40,800 at 2.9%$169.82
40,800 at 2.91%$170.04
40,800 at 2.92%$170.26
40,800 at 2.93%$170.48
40,800 at 2.94%$170.70
40,800 at 2.95%$170.92
40,800 at 2.96%$171.14
40,800 at 2.97%$171.36
40,800 at 2.98%$171.57
40,800 at 2.99%$171.79
40,800 at 3%$172.01
40,800 at 3.01%$172.23
40,800 at 3.02%$172.45
40,800 at 3.03%$172.68
40,800 at 3.04%$172.90
40,800 at 3.05%$173.12
40,800 at 3.06%$173.34
40,800 at 3.07%$173.56
40,800 at 3.08%$173.78
40,800 at 3.09%$174.00
40,800 at 3.1%$174.22
40,800 at 3.11%$174.44
40,800 at 3.12%$174.67
40,800 at 3.13%$174.89
40,800 at 3.14%$175.11
40,800 at 3.15%$175.33
40,800 at 3.16%$175.56
40,800 at 3.17%$175.78
40,800 at 3.18%$176.00
40,800 at 3.19%$176.22
40,800 at 3.2%$176.45
40,800 at 3.21%$176.67
40,800 at 3.22%$176.89
40,800 at 3.23%$177.12
40,800 at 3.24%$177.34
40,800 at 3.25%$177.56
40,800 at 3.26%$177.79
40,800 at 3.27%$178.01
40,800 at 3.28%$178.24
40,800 at 3.29%$178.46
40,800 at 3.3%$178.69
40,800 at 3.31%$178.91
40,800 at 3.32%$179.14
40,800 at 3.33%$179.36
40,800 at 3.34%$179.59
40,800 at 3.35%$179.81
40,800 at 3.36%$180.04
40,800 at 3.37%$180.26
40,800 at 3.38%$180.49
40,800 at 3.39%$180.71
40,800 at 3.4%$180.94
40,800 at 3.41%$181.17
40,800 at 3.42%$181.39
40,800 at 3.43%$181.62
40,800 at 3.44%$181.85
40,800 at 3.45%$182.07
40,800 at 3.46%$182.30
40,800 at 3.47%$182.53
40,800 at 3.48%$182.76
40,800 at 3.49%$182.98
40,800 at 3.5%$183.21
Interest Rate 30 Year
40,800 at 3.51%$183.44
40,800 at 3.52%$183.67
40,800 at 3.53%$183.89
40,800 at 3.54%$184.12
40,800 at 3.55%$184.35
40,800 at 3.56%$184.58
40,800 at 3.57%$184.81
40,800 at 3.58%$185.04
40,800 at 3.59%$185.27
40,800 at 3.6%$185.50
40,800 at 3.61%$185.72
40,800 at 3.62%$185.95
40,800 at 3.63%$186.18
40,800 at 3.64%$186.41
40,800 at 3.65%$186.64
40,800 at 3.66%$186.87
40,800 at 3.67%$187.10
40,800 at 3.68%$187.33
40,800 at 3.69%$187.56
40,800 at 3.7%$187.80
40,800 at 3.71%$188.03
40,800 at 3.72%$188.26
40,800 at 3.73%$188.49
40,800 at 3.74%$188.72
40,800 at 3.75%$188.95
40,800 at 3.76%$189.18
40,800 at 3.77%$189.41
40,800 at 3.78%$189.65
40,800 at 3.79%$189.88
40,800 at 3.8%$190.11
40,800 at 3.81%$190.34
40,800 at 3.82%$190.58
40,800 at 3.83%$190.81
40,800 at 3.84%$191.04
40,800 at 3.85%$191.27
40,800 at 3.86%$191.51
40,800 at 3.87%$191.74
40,800 at 3.88%$191.97
40,800 at 3.89%$192.21
40,800 at 3.9%$192.44
40,800 at 3.91%$192.67
40,800 at 3.92%$192.91
40,800 at 3.93%$193.14
40,800 at 3.94%$193.38
40,800 at 3.95%$193.61
40,800 at 3.96%$193.85
40,800 at 3.97%$194.08
40,800 at 3.98%$194.32
40,800 at 3.99%$194.55
40,800 at 4%$194.79
40,800 at 4.01%$195.02
40,800 at 4.02%$195.26
40,800 at 4.03%$195.49
40,800 at 4.04%$195.73
40,800 at 4.05%$195.96
40,800 at 4.06%$196.20
40,800 at 4.07%$196.44
40,800 at 4.08%$196.67
40,800 at 4.09%$196.91
40,800 at 4.1%$197.14
40,800 at 4.11%$197.38
40,800 at 4.12%$197.62
40,800 at 4.13%$197.86
40,800 at 4.14%$198.09
40,800 at 4.15%$198.33
40,800 at 4.16%$198.57
40,800 at 4.17%$198.81
40,800 at 4.18%$199.04
40,800 at 4.19%$199.28
40,800 at 4.2%$199.52
40,800 at 4.21%$199.76
40,800 at 4.22%$200.00
40,800 at 4.23%$200.23
40,800 at 4.24%$200.47
40,800 at 4.25%$200.71
40,800 at 4.26%$200.95
40,800 at 4.27%$201.19
40,800 at 4.28%$201.43
40,800 at 4.29%$201.67
40,800 at 4.3%$201.91
40,800 at 4.31%$202.15
40,800 at 4.32%$202.39
40,800 at 4.33%$202.63
40,800 at 4.34%$202.87
40,800 at 4.35%$203.11
40,800 at 4.36%$203.35
40,800 at 4.37%$203.59
40,800 at 4.38%$203.83
40,800 at 4.39%$204.07
40,800 at 4.4%$204.31
40,800 at 4.41%$204.55
40,800 at 4.42%$204.79
40,800 at 4.43%$205.03
40,800 at 4.44%$205.28
40,800 at 4.45%$205.52
40,800 at 4.46%$205.76
40,800 at 4.47%$206.00
40,800 at 4.48%$206.24
40,800 at 4.49%$206.49
40,800 at 4.5%$206.73
40,800 at 4.51%$206.97
40,800 at 4.52%$207.21
40,800 at 4.53%$207.46
40,800 at 4.54%$207.70
40,800 at 4.55%$207.94
40,800 at 4.56%$208.18
40,800 at 4.57%$208.43
40,800 at 4.58%$208.67
40,800 at 4.59%$208.92
40,800 at 4.6%$209.16
40,800 at 4.61%$209.40
40,800 at 4.62%$209.65
40,800 at 4.63%$209.89
40,800 at 4.64%$210.14
40,800 at 4.65%$210.38
40,800 at 4.66%$210.62
40,800 at 4.67%$210.87
40,800 at 4.68%$211.11
40,800 at 4.69%$211.36
40,800 at 4.7%$211.60
40,800 at 4.71%$211.85
40,800 at 4.72%$212.09
40,800 at 4.73%$212.34
40,800 at 4.74%$212.59
40,800 at 4.75%$212.83
40,800 at 4.76%$213.08
40,800 at 4.77%$213.32
40,800 at 4.78%$213.57
40,800 at 4.79%$213.82
40,800 at 4.8%$214.06
40,800 at 4.81%$214.31
40,800 at 4.82%$214.56
40,800 at 4.83%$214.80
40,800 at 4.84%$215.05
40,800 at 4.85%$215.30
40,800 at 4.86%$215.55
40,800 at 4.87%$215.79
40,800 at 4.88%$216.04
40,800 at 4.89%$216.29
40,800 at 4.9%$216.54
40,800 at 4.91%$216.78
40,800 at 4.92%$217.03
40,800 at 4.93%$217.28
40,800 at 4.94%$217.53
40,800 at 4.95%$217.78
40,800 at 4.96%$218.03
40,800 at 4.97%$218.28
40,800 at 4.98%$218.52
40,800 at 4.99%$218.77
40,800 at 5%$219.02
Interest Rate 30 Year
40,800 at 5.01%$219.27
40,800 at 5.02%$219.52
40,800 at 5.03%$219.77
40,800 at 5.04%$220.02
40,800 at 5.05%$220.27
40,800 at 5.06%$220.52
40,800 at 5.07%$220.77
40,800 at 5.08%$221.02
40,800 at 5.09%$221.27
40,800 at 5.1%$221.52
40,800 at 5.11%$221.77
40,800 at 5.12%$222.03
40,800 at 5.13%$222.28
40,800 at 5.14%$222.53
40,800 at 5.15%$222.78
40,800 at 5.16%$223.03
40,800 at 5.17%$223.28
40,800 at 5.18%$223.53
40,800 at 5.19%$223.79
40,800 at 5.2%$224.04
40,800 at 5.21%$224.29
40,800 at 5.22%$224.54
40,800 at 5.23%$224.79
40,800 at 5.24%$225.05
40,800 at 5.25%$225.30
40,800 at 5.26%$225.55
40,800 at 5.27%$225.80
40,800 at 5.28%$226.06
40,800 at 5.29%$226.31
40,800 at 5.3%$226.56
40,800 at 5.31%$226.82
40,800 at 5.32%$227.07
40,800 at 5.33%$227.32
40,800 at 5.34%$227.58
40,800 at 5.35%$227.83
40,800 at 5.36%$228.09
40,800 at 5.37%$228.34
40,800 at 5.38%$228.60
40,800 at 5.39%$228.85
40,800 at 5.4%$229.10
40,800 at 5.41%$229.36
40,800 at 5.42%$229.61
40,800 at 5.43%$229.87
40,800 at 5.44%$230.12
40,800 at 5.45%$230.38
40,800 at 5.46%$230.64
40,800 at 5.47%$230.89
40,800 at 5.48%$231.15
40,800 at 5.49%$231.40
40,800 at 5.5%$231.66
40,800 at 5.51%$231.91
40,800 at 5.52%$232.17
40,800 at 5.53%$232.43
40,800 at 5.54%$232.68
40,800 at 5.55%$232.94
40,800 at 5.56%$233.20
40,800 at 5.57%$233.45
40,800 at 5.58%$233.71
40,800 at 5.59%$233.97
40,800 at 5.6%$234.22
40,800 at 5.61%$234.48
40,800 at 5.62%$234.74
40,800 at 5.63%$235.00
40,800 at 5.64%$235.25
40,800 at 5.65%$235.51
40,800 at 5.66%$235.77
40,800 at 5.67%$236.03
40,800 at 5.68%$236.29
40,800 at 5.69%$236.54
40,800 at 5.7%$236.80
40,800 at 5.71%$237.06
40,800 at 5.72%$237.32
40,800 at 5.73%$237.58
40,800 at 5.74%$237.84
40,800 at 5.75%$238.10
40,800 at 5.76%$238.36
40,800 at 5.77%$238.62
40,800 at 5.78%$238.88
40,800 at 5.79%$239.14
40,800 at 5.8%$239.40
40,800 at 5.81%$239.66
40,800 at 5.82%$239.92
40,800 at 5.83%$240.18
40,800 at 5.84%$240.44
40,800 at 5.85%$240.70
40,800 at 5.86%$240.96
40,800 at 5.87%$241.22
40,800 at 5.88%$241.48
40,800 at 5.89%$241.74
40,800 at 5.9%$242.00
40,800 at 5.91%$242.26
40,800 at 5.92%$242.52
40,800 at 5.93%$242.78
40,800 at 5.94%$243.04
40,800 at 5.95%$243.31
40,800 at 5.96%$243.57
40,800 at 5.97%$243.83
40,800 at 5.98%$244.09
40,800 at 5.99%$244.35
40,800 at 6%$244.62
40,800 at 6.01%$244.88
40,800 at 6.02%$245.14
40,800 at 6.03%$245.40
40,800 at 6.04%$245.67
40,800 at 6.05%$245.93
40,800 at 6.06%$246.19
40,800 at 6.07%$246.46
40,800 at 6.08%$246.72
40,800 at 6.09%$246.98
40,800 at 6.1%$247.25
40,800 at 6.11%$247.51
40,800 at 6.12%$247.77
40,800 at 6.13%$248.04
40,800 at 6.14%$248.30
40,800 at 6.15%$248.57
40,800 at 6.16%$248.83
40,800 at 6.17%$249.09
40,800 at 6.18%$249.36
40,800 at 6.19%$249.62
40,800 at 6.2%$249.89
40,800 at 6.21%$250.15
40,800 at 6.22%$250.42
40,800 at 6.23%$250.68
40,800 at 6.24%$250.95
40,800 at 6.25%$251.21
40,800 at 6.26%$251.48
40,800 at 6.27%$251.74
40,800 at 6.28%$252.01
40,800 at 6.29%$252.28
40,800 at 6.3%$252.54
40,800 at 6.31%$252.81
40,800 at 6.32%$253.07
40,800 at 6.33%$253.34
40,800 at 6.34%$253.61
40,800 at 6.35%$253.87
40,800 at 6.36%$254.14
40,800 at 6.37%$254.41
40,800 at 6.38%$254.67
40,800 at 6.39%$254.94
40,800 at 6.4%$255.21
40,800 at 6.41%$255.47
40,800 at 6.42%$255.74
40,800 at 6.43%$256.01
40,800 at 6.44%$256.28
40,800 at 6.45%$256.54
40,800 at 6.46%$256.81
40,800 at 6.47%$257.08
40,800 at 6.48%$257.35
40,800 at 6.49%$257.62
40,800 at 6.5%$257.88
Interest Rate 30 Year
40,800 at 6.51%$258.15
40,800 at 6.52%$258.42
40,800 at 6.53%$258.69
40,800 at 6.54%$258.96
40,800 at 6.55%$259.23
40,800 at 6.56%$259.50
40,800 at 6.57%$259.76
40,800 at 6.58%$260.03
40,800 at 6.59%$260.30
40,800 at 6.6%$260.57
40,800 at 6.61%$260.84
40,800 at 6.62%$261.11
40,800 at 6.63%$261.38
40,800 at 6.64%$261.65
40,800 at 6.65%$261.92
40,800 at 6.66%$262.19
40,800 at 6.67%$262.46
40,800 at 6.68%$262.73
40,800 at 6.69%$263.00
40,800 at 6.7%$263.27
40,800 at 6.71%$263.54
40,800 at 6.72%$263.81
40,800 at 6.73%$264.09
40,800 at 6.74%$264.36
40,800 at 6.75%$264.63
40,800 at 6.76%$264.90
40,800 at 6.77%$265.17
40,800 at 6.78%$265.44
40,800 at 6.79%$265.71
40,800 at 6.8%$265.99
40,800 at 6.81%$266.26
40,800 at 6.82%$266.53
40,800 at 6.83%$266.80
40,800 at 6.84%$267.07
40,800 at 6.85%$267.35
40,800 at 6.86%$267.62
40,800 at 6.87%$267.89
40,800 at 6.88%$268.16
40,800 at 6.89%$268.44
40,800 at 6.9%$268.71
40,800 at 6.91%$268.98
40,800 at 6.92%$269.25
40,800 at 6.93%$269.53
40,800 at 6.94%$269.80
40,800 at 6.95%$270.07
40,800 at 6.96%$270.35
40,800 at 6.97%$270.62
40,800 at 6.98%$270.90
40,800 at 6.99%$271.17
40,800 at 7%$271.44
40,800 at 7.01%$271.72
40,800 at 7.02%$271.99
40,800 at 7.03%$272.27
40,800 at 7.04%$272.54
40,800 at 7.05%$272.81
40,800 at 7.06%$273.09
40,800 at 7.07%$273.36
40,800 at 7.08%$273.64
40,800 at 7.09%$273.91
40,800 at 7.1%$274.19
40,800 at 7.11%$274.46
40,800 at 7.12%$274.74
40,800 at 7.13%$275.01
40,800 at 7.14%$275.29
40,800 at 7.15%$275.57
40,800 at 7.16%$275.84
40,800 at 7.17%$276.12
40,800 at 7.18%$276.39
40,800 at 7.19%$276.67
40,800 at 7.2%$276.95
40,800 at 7.21%$277.22
40,800 at 7.22%$277.50
40,800 at 7.23%$277.77
40,800 at 7.24%$278.05
40,800 at 7.25%$278.33
40,800 at 7.26%$278.60
40,800 at 7.27%$278.88
40,800 at 7.28%$279.16
40,800 at 7.29%$279.44
40,800 at 7.3%$279.71
40,800 at 7.31%$279.99
40,800 at 7.32%$280.27
40,800 at 7.33%$280.55
40,800 at 7.34%$280.82
40,800 at 7.35%$281.10
40,800 at 7.36%$281.38
40,800 at 7.37%$281.66
40,800 at 7.38%$281.93
40,800 at 7.39%$282.21
40,800 at 7.4%$282.49
40,800 at 7.41%$282.77
40,800 at 7.42%$283.05
40,800 at 7.43%$283.33
40,800 at 7.44%$283.61
40,800 at 7.45%$283.88
40,800 at 7.46%$284.16
40,800 at 7.47%$284.44
40,800 at 7.48%$284.72
40,800 at 7.49%$285.00
40,800 at 7.5%$285.28
40,800 at 7.51%$285.56
40,800 at 7.52%$285.84
40,800 at 7.53%$286.12
40,800 at 7.54%$286.40
40,800 at 7.55%$286.68
40,800 at 7.56%$286.96
40,800 at 7.57%$287.24
40,800 at 7.58%$287.52
40,800 at 7.59%$287.80
40,800 at 7.6%$288.08
40,800 at 7.61%$288.36
40,800 at 7.62%$288.64
40,800 at 7.63%$288.92
40,800 at 7.64%$289.20
40,800 at 7.65%$289.48
40,800 at 7.66%$289.76
40,800 at 7.67%$290.04
40,800 at 7.68%$290.33
40,800 at 7.69%$290.61
40,800 at 7.7%$290.89
40,800 at 7.71%$291.17
40,800 at 7.72%$291.45
40,800 at 7.73%$291.73
40,800 at 7.74%$292.01
40,800 at 7.75%$292.30
40,800 at 7.76%$292.58
40,800 at 7.77%$292.86
40,800 at 7.78%$293.14
40,800 at 7.79%$293.42
40,800 at 7.8%$293.71
40,800 at 7.81%$293.99
40,800 at 7.82%$294.27
40,800 at 7.83%$294.55
40,800 at 7.84%$294.84
40,800 at 7.85%$295.12
40,800 at 7.86%$295.40
40,800 at 7.87%$295.69
40,800 at 7.88%$295.97
40,800 at 7.89%$296.25
40,800 at 7.9%$296.54
40,800 at 7.91%$296.82
40,800 at 7.92%$297.10
40,800 at 7.93%$297.39
40,800 at 7.94%$297.67
40,800 at 7.95%$297.96
40,800 at 7.96%$298.24
40,800 at 7.97%$298.52
40,800 at 7.98%$298.81
40,800 at 7.99%$299.09
40,800 at 8%$299.38
More Amounts
What is the down payment for a $40,800 house? How much do you need to put down?
Percent Down Down Payment
1%408
2%816
3%1,224
4%1,632
5%2,040
6%2,448
7%2,856
8%3,264
9%3,672
10%4,080
11%4,488
12%4,896
13%5,304
14%5,712
15%6,120
16%6,528
17%6,936
18%7,344
19%7,752
20%8,160
Percent Down Down Payment
21%8,568
22%8,976
23%9,384
24%9,792
25%10,200
26%10,608
27%11,016
28%11,424
29%11,832
30%12,240
31%12,648
32%13,056
33%13,464
34%13,872
35%14,280
36%14,688
37%15,096
38%15,504
39%15,912
40%16,320
Percent Down Down Payment
41%16,728
42%17,136
43%17,544
44%17,952
45%18,360
46%18,768
47%19,176
48%19,584
49%19,992
50%20,400
51%20,808
52%21,216
53%21,624
54%22,032
55%22,440
56%22,848
57%23,256
58%23,664
59%24,072
60%24,480
Percent Down Down Payment
61%24,888
62%25,296
63%25,704
64%26,112
65%26,520
66%26,928
67%27,336
68%27,744
69%28,152
70%28,560
71%28,968
72%29,376
73%29,784
74%30,192
75%30,600
76%31,008
77%31,416
78%31,824
79%32,232
80%32,640
Percent Down Down Payment
81%33,048
82%33,456
83%33,864
84%34,272
85%34,680
86%35,088
87%35,496
88%35,904
89%36,312
90%36,720
91%37,128
92%37,536
93%37,944
94%38,352
95%38,760
96%39,168
97%39,576
98%39,984
99%40,392
100%40,800
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.