$42,700 Mortgage for 30 Years

What is the monthly payment of a 42,700 dollar loan?
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Loan Tables for a $42,700 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 43k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $42,700 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
42,700 at 2.01%$158.04
42,700 at 2.02%$158.25
42,700 at 2.03%$158.47
42,700 at 2.04%$158.68
42,700 at 2.05%$158.90
42,700 at 2.06%$159.11
42,700 at 2.07%$159.33
42,700 at 2.08%$159.54
42,700 at 2.09%$159.76
42,700 at 2.1%$159.97
42,700 at 2.11%$160.19
42,700 at 2.12%$160.40
42,700 at 2.13%$160.62
42,700 at 2.14%$160.83
42,700 at 2.15%$161.05
42,700 at 2.16%$161.27
42,700 at 2.17%$161.48
42,700 at 2.18%$161.70
42,700 at 2.19%$161.92
42,700 at 2.2%$162.13
42,700 at 2.21%$162.35
42,700 at 2.22%$162.57
42,700 at 2.23%$162.78
42,700 at 2.24%$163.00
42,700 at 2.25%$163.22
42,700 at 2.26%$163.44
42,700 at 2.27%$163.66
42,700 at 2.28%$163.87
42,700 at 2.29%$164.09
42,700 at 2.3%$164.31
42,700 at 2.31%$164.53
42,700 at 2.32%$164.75
42,700 at 2.33%$164.97
42,700 at 2.34%$165.19
42,700 at 2.35%$165.41
42,700 at 2.36%$165.63
42,700 at 2.37%$165.84
42,700 at 2.38%$166.06
42,700 at 2.39%$166.28
42,700 at 2.4%$166.50
42,700 at 2.41%$166.73
42,700 at 2.42%$166.95
42,700 at 2.43%$167.17
42,700 at 2.44%$167.39
42,700 at 2.45%$167.61
42,700 at 2.46%$167.83
42,700 at 2.47%$168.05
42,700 at 2.48%$168.27
42,700 at 2.49%$168.49
42,700 at 2.5%$168.72
42,700 at 2.51%$168.94
42,700 at 2.52%$169.16
42,700 at 2.53%$169.38
42,700 at 2.54%$169.61
42,700 at 2.55%$169.83
42,700 at 2.56%$170.05
42,700 at 2.57%$170.27
42,700 at 2.58%$170.50
42,700 at 2.59%$170.72
42,700 at 2.6%$170.95
42,700 at 2.61%$171.17
42,700 at 2.62%$171.39
42,700 at 2.63%$171.62
42,700 at 2.64%$171.84
42,700 at 2.65%$172.07
42,700 at 2.66%$172.29
42,700 at 2.67%$172.51
42,700 at 2.68%$172.74
42,700 at 2.69%$172.96
42,700 at 2.7%$173.19
42,700 at 2.71%$173.42
42,700 at 2.72%$173.64
42,700 at 2.73%$173.87
42,700 at 2.74%$174.09
42,700 at 2.75%$174.32
42,700 at 2.76%$174.55
42,700 at 2.77%$174.77
42,700 at 2.78%$175.00
42,700 at 2.79%$175.23
42,700 at 2.8%$175.45
42,700 at 2.81%$175.68
42,700 at 2.82%$175.91
42,700 at 2.83%$176.13
42,700 at 2.84%$176.36
42,700 at 2.85%$176.59
42,700 at 2.86%$176.82
42,700 at 2.87%$177.04
42,700 at 2.88%$177.27
42,700 at 2.89%$177.50
42,700 at 2.9%$177.73
42,700 at 2.91%$177.96
42,700 at 2.92%$178.19
42,700 at 2.93%$178.42
42,700 at 2.94%$178.65
42,700 at 2.95%$178.88
42,700 at 2.96%$179.11
42,700 at 2.97%$179.33
42,700 at 2.98%$179.56
42,700 at 2.99%$179.79
42,700 at 3%$180.02
42,700 at 3.01%$180.26
42,700 at 3.02%$180.49
42,700 at 3.03%$180.72
42,700 at 3.04%$180.95
42,700 at 3.05%$181.18
42,700 at 3.06%$181.41
42,700 at 3.07%$181.64
42,700 at 3.08%$181.87
42,700 at 3.09%$182.10
42,700 at 3.1%$182.34
42,700 at 3.11%$182.57
42,700 at 3.12%$182.80
42,700 at 3.13%$183.03
42,700 at 3.14%$183.26
42,700 at 3.15%$183.50
42,700 at 3.16%$183.73
42,700 at 3.17%$183.96
42,700 at 3.18%$184.20
42,700 at 3.19%$184.43
42,700 at 3.2%$184.66
42,700 at 3.21%$184.90
42,700 at 3.22%$185.13
42,700 at 3.23%$185.36
42,700 at 3.24%$185.60
42,700 at 3.25%$185.83
42,700 at 3.26%$186.07
42,700 at 3.27%$186.30
42,700 at 3.28%$186.54
42,700 at 3.29%$186.77
42,700 at 3.3%$187.01
42,700 at 3.31%$187.24
42,700 at 3.32%$187.48
42,700 at 3.33%$187.71
42,700 at 3.34%$187.95
42,700 at 3.35%$188.18
42,700 at 3.36%$188.42
42,700 at 3.37%$188.66
42,700 at 3.38%$188.89
42,700 at 3.39%$189.13
42,700 at 3.4%$189.37
42,700 at 3.41%$189.60
42,700 at 3.42%$189.84
42,700 at 3.43%$190.08
42,700 at 3.44%$190.31
42,700 at 3.45%$190.55
42,700 at 3.46%$190.79
42,700 at 3.47%$191.03
42,700 at 3.48%$191.27
42,700 at 3.49%$191.50
42,700 at 3.5%$191.74
Interest Rate 30 Year
42,700 at 3.51%$191.98
42,700 at 3.52%$192.22
42,700 at 3.53%$192.46
42,700 at 3.54%$192.70
42,700 at 3.55%$192.94
42,700 at 3.56%$193.18
42,700 at 3.57%$193.41
42,700 at 3.58%$193.65
42,700 at 3.59%$193.89
42,700 at 3.6%$194.13
42,700 at 3.61%$194.37
42,700 at 3.62%$194.61
42,700 at 3.63%$194.85
42,700 at 3.64%$195.09
42,700 at 3.65%$195.34
42,700 at 3.66%$195.58
42,700 at 3.67%$195.82
42,700 at 3.68%$196.06
42,700 at 3.69%$196.30
42,700 at 3.7%$196.54
42,700 at 3.71%$196.78
42,700 at 3.72%$197.02
42,700 at 3.73%$197.27
42,700 at 3.74%$197.51
42,700 at 3.75%$197.75
42,700 at 3.76%$197.99
42,700 at 3.77%$198.24
42,700 at 3.78%$198.48
42,700 at 3.79%$198.72
42,700 at 3.8%$198.96
42,700 at 3.81%$199.21
42,700 at 3.82%$199.45
42,700 at 3.83%$199.69
42,700 at 3.84%$199.94
42,700 at 3.85%$200.18
42,700 at 3.86%$200.43
42,700 at 3.87%$200.67
42,700 at 3.88%$200.91
42,700 at 3.89%$201.16
42,700 at 3.9%$201.40
42,700 at 3.91%$201.65
42,700 at 3.92%$201.89
42,700 at 3.93%$202.14
42,700 at 3.94%$202.38
42,700 at 3.95%$202.63
42,700 at 3.96%$202.87
42,700 at 3.97%$203.12
42,700 at 3.98%$203.36
42,700 at 3.99%$203.61
42,700 at 4%$203.86
42,700 at 4.01%$204.10
42,700 at 4.02%$204.35
42,700 at 4.03%$204.60
42,700 at 4.04%$204.84
42,700 at 4.05%$205.09
42,700 at 4.06%$205.34
42,700 at 4.07%$205.58
42,700 at 4.08%$205.83
42,700 at 4.09%$206.08
42,700 at 4.1%$206.33
42,700 at 4.11%$206.57
42,700 at 4.12%$206.82
42,700 at 4.13%$207.07
42,700 at 4.14%$207.32
42,700 at 4.15%$207.57
42,700 at 4.16%$207.81
42,700 at 4.17%$208.06
42,700 at 4.18%$208.31
42,700 at 4.19%$208.56
42,700 at 4.2%$208.81
42,700 at 4.21%$209.06
42,700 at 4.22%$209.31
42,700 at 4.23%$209.56
42,700 at 4.24%$209.81
42,700 at 4.25%$210.06
42,700 at 4.26%$210.31
42,700 at 4.27%$210.56
42,700 at 4.28%$210.81
42,700 at 4.29%$211.06
42,700 at 4.3%$211.31
42,700 at 4.31%$211.56
42,700 at 4.32%$211.81
42,700 at 4.33%$212.06
42,700 at 4.34%$212.31
42,700 at 4.35%$212.57
42,700 at 4.36%$212.82
42,700 at 4.37%$213.07
42,700 at 4.38%$213.32
42,700 at 4.39%$213.57
42,700 at 4.4%$213.82
42,700 at 4.41%$214.08
42,700 at 4.42%$214.33
42,700 at 4.43%$214.58
42,700 at 4.44%$214.84
42,700 at 4.45%$215.09
42,700 at 4.46%$215.34
42,700 at 4.47%$215.59
42,700 at 4.48%$215.85
42,700 at 4.49%$216.10
42,700 at 4.5%$216.35
42,700 at 4.51%$216.61
42,700 at 4.52%$216.86
42,700 at 4.53%$217.12
42,700 at 4.54%$217.37
42,700 at 4.55%$217.63
42,700 at 4.56%$217.88
42,700 at 4.57%$218.13
42,700 at 4.58%$218.39
42,700 at 4.59%$218.64
42,700 at 4.6%$218.90
42,700 at 4.61%$219.15
42,700 at 4.62%$219.41
42,700 at 4.63%$219.67
42,700 at 4.64%$219.92
42,700 at 4.65%$220.18
42,700 at 4.66%$220.43
42,700 at 4.67%$220.69
42,700 at 4.68%$220.95
42,700 at 4.69%$221.20
42,700 at 4.7%$221.46
42,700 at 4.71%$221.72
42,700 at 4.72%$221.97
42,700 at 4.73%$222.23
42,700 at 4.74%$222.49
42,700 at 4.75%$222.74
42,700 at 4.76%$223.00
42,700 at 4.77%$223.26
42,700 at 4.78%$223.52
42,700 at 4.79%$223.77
42,700 at 4.8%$224.03
42,700 at 4.81%$224.29
42,700 at 4.82%$224.55
42,700 at 4.83%$224.81
42,700 at 4.84%$225.07
42,700 at 4.85%$225.32
42,700 at 4.86%$225.58
42,700 at 4.87%$225.84
42,700 at 4.88%$226.10
42,700 at 4.89%$226.36
42,700 at 4.9%$226.62
42,700 at 4.91%$226.88
42,700 at 4.92%$227.14
42,700 at 4.93%$227.40
42,700 at 4.94%$227.66
42,700 at 4.95%$227.92
42,700 at 4.96%$228.18
42,700 at 4.97%$228.44
42,700 at 4.98%$228.70
42,700 at 4.99%$228.96
42,700 at 5%$229.22
Interest Rate 30 Year
42,700 at 5.01%$229.48
42,700 at 5.02%$229.75
42,700 at 5.03%$230.01
42,700 at 5.04%$230.27
42,700 at 5.05%$230.53
42,700 at 5.06%$230.79
42,700 at 5.07%$231.05
42,700 at 5.08%$231.32
42,700 at 5.09%$231.58
42,700 at 5.1%$231.84
42,700 at 5.11%$232.10
42,700 at 5.12%$232.36
42,700 at 5.13%$232.63
42,700 at 5.14%$232.89
42,700 at 5.15%$233.15
42,700 at 5.16%$233.42
42,700 at 5.17%$233.68
42,700 at 5.18%$233.94
42,700 at 5.19%$234.21
42,700 at 5.2%$234.47
42,700 at 5.21%$234.73
42,700 at 5.22%$235.00
42,700 at 5.23%$235.26
42,700 at 5.24%$235.53
42,700 at 5.25%$235.79
42,700 at 5.26%$236.06
42,700 at 5.27%$236.32
42,700 at 5.28%$236.59
42,700 at 5.29%$236.85
42,700 at 5.3%$237.12
42,700 at 5.31%$237.38
42,700 at 5.32%$237.65
42,700 at 5.33%$237.91
42,700 at 5.34%$238.18
42,700 at 5.35%$238.44
42,700 at 5.36%$238.71
42,700 at 5.37%$238.97
42,700 at 5.38%$239.24
42,700 at 5.39%$239.51
42,700 at 5.4%$239.77
42,700 at 5.41%$240.04
42,700 at 5.42%$240.31
42,700 at 5.43%$240.57
42,700 at 5.44%$240.84
42,700 at 5.45%$241.11
42,700 at 5.46%$241.38
42,700 at 5.47%$241.64
42,700 at 5.48%$241.91
42,700 at 5.49%$242.18
42,700 at 5.5%$242.45
42,700 at 5.51%$242.71
42,700 at 5.52%$242.98
42,700 at 5.53%$243.25
42,700 at 5.54%$243.52
42,700 at 5.55%$243.79
42,700 at 5.56%$244.06
42,700 at 5.57%$244.32
42,700 at 5.58%$244.59
42,700 at 5.59%$244.86
42,700 at 5.6%$245.13
42,700 at 5.61%$245.40
42,700 at 5.62%$245.67
42,700 at 5.63%$245.94
42,700 at 5.64%$246.21
42,700 at 5.65%$246.48
42,700 at 5.66%$246.75
42,700 at 5.67%$247.02
42,700 at 5.68%$247.29
42,700 at 5.69%$247.56
42,700 at 5.7%$247.83
42,700 at 5.71%$248.10
42,700 at 5.72%$248.37
42,700 at 5.73%$248.64
42,700 at 5.74%$248.91
42,700 at 5.75%$249.19
42,700 at 5.76%$249.46
42,700 at 5.77%$249.73
42,700 at 5.78%$250.00
42,700 at 5.79%$250.27
42,700 at 5.8%$250.54
42,700 at 5.81%$250.82
42,700 at 5.82%$251.09
42,700 at 5.83%$251.36
42,700 at 5.84%$251.63
42,700 at 5.85%$251.90
42,700 at 5.86%$252.18
42,700 at 5.87%$252.45
42,700 at 5.88%$252.72
42,700 at 5.89%$253.00
42,700 at 5.9%$253.27
42,700 at 5.91%$253.54
42,700 at 5.92%$253.82
42,700 at 5.93%$254.09
42,700 at 5.94%$254.36
42,700 at 5.95%$254.64
42,700 at 5.96%$254.91
42,700 at 5.97%$255.19
42,700 at 5.98%$255.46
42,700 at 5.99%$255.73
42,700 at 6%$256.01
42,700 at 6.01%$256.28
42,700 at 6.02%$256.56
42,700 at 6.03%$256.83
42,700 at 6.04%$257.11
42,700 at 6.05%$257.38
42,700 at 6.06%$257.66
42,700 at 6.07%$257.93
42,700 at 6.08%$258.21
42,700 at 6.09%$258.48
42,700 at 6.1%$258.76
42,700 at 6.11%$259.04
42,700 at 6.12%$259.31
42,700 at 6.13%$259.59
42,700 at 6.14%$259.86
42,700 at 6.15%$260.14
42,700 at 6.16%$260.42
42,700 at 6.17%$260.69
42,700 at 6.18%$260.97
42,700 at 6.19%$261.25
42,700 at 6.2%$261.52
42,700 at 6.21%$261.80
42,700 at 6.22%$262.08
42,700 at 6.23%$262.36
42,700 at 6.24%$262.63
42,700 at 6.25%$262.91
42,700 at 6.26%$263.19
42,700 at 6.27%$263.47
42,700 at 6.28%$263.74
42,700 at 6.29%$264.02
42,700 at 6.3%$264.30
42,700 at 6.31%$264.58
42,700 at 6.32%$264.86
42,700 at 6.33%$265.14
42,700 at 6.34%$265.42
42,700 at 6.35%$265.69
42,700 at 6.36%$265.97
42,700 at 6.37%$266.25
42,700 at 6.38%$266.53
42,700 at 6.39%$266.81
42,700 at 6.4%$267.09
42,700 at 6.41%$267.37
42,700 at 6.42%$267.65
42,700 at 6.43%$267.93
42,700 at 6.44%$268.21
42,700 at 6.45%$268.49
42,700 at 6.46%$268.77
42,700 at 6.47%$269.05
42,700 at 6.48%$269.33
42,700 at 6.49%$269.61
42,700 at 6.5%$269.89
Interest Rate 30 Year
42,700 at 6.51%$270.17
42,700 at 6.52%$270.45
42,700 at 6.53%$270.74
42,700 at 6.54%$271.02
42,700 at 6.55%$271.30
42,700 at 6.56%$271.58
42,700 at 6.57%$271.86
42,700 at 6.58%$272.14
42,700 at 6.59%$272.43
42,700 at 6.6%$272.71
42,700 at 6.61%$272.99
42,700 at 6.62%$273.27
42,700 at 6.63%$273.55
42,700 at 6.64%$273.84
42,700 at 6.65%$274.12
42,700 at 6.66%$274.40
42,700 at 6.67%$274.68
42,700 at 6.68%$274.97
42,700 at 6.69%$275.25
42,700 at 6.7%$275.53
42,700 at 6.71%$275.82
42,700 at 6.72%$276.10
42,700 at 6.73%$276.38
42,700 at 6.74%$276.67
42,700 at 6.75%$276.95
42,700 at 6.76%$277.24
42,700 at 6.77%$277.52
42,700 at 6.78%$277.80
42,700 at 6.79%$278.09
42,700 at 6.8%$278.37
42,700 at 6.81%$278.66
42,700 at 6.82%$278.94
42,700 at 6.83%$279.23
42,700 at 6.84%$279.51
42,700 at 6.85%$279.80
42,700 at 6.86%$280.08
42,700 at 6.87%$280.37
42,700 at 6.88%$280.65
42,700 at 6.89%$280.94
42,700 at 6.9%$281.22
42,700 at 6.91%$281.51
42,700 at 6.92%$281.79
42,700 at 6.93%$282.08
42,700 at 6.94%$282.37
42,700 at 6.95%$282.65
42,700 at 6.96%$282.94
42,700 at 6.97%$283.22
42,700 at 6.98%$283.51
42,700 at 6.99%$283.80
42,700 at 7%$284.08
42,700 at 7.01%$284.37
42,700 at 7.02%$284.66
42,700 at 7.03%$284.95
42,700 at 7.04%$285.23
42,700 at 7.05%$285.52
42,700 at 7.06%$285.81
42,700 at 7.07%$286.09
42,700 at 7.08%$286.38
42,700 at 7.09%$286.67
42,700 at 7.1%$286.96
42,700 at 7.11%$287.25
42,700 at 7.12%$287.53
42,700 at 7.13%$287.82
42,700 at 7.14%$288.11
42,700 at 7.15%$288.40
42,700 at 7.16%$288.69
42,700 at 7.17%$288.98
42,700 at 7.18%$289.26
42,700 at 7.19%$289.55
42,700 at 7.2%$289.84
42,700 at 7.21%$290.13
42,700 at 7.22%$290.42
42,700 at 7.23%$290.71
42,700 at 7.24%$291.00
42,700 at 7.25%$291.29
42,700 at 7.26%$291.58
42,700 at 7.27%$291.87
42,700 at 7.28%$292.16
42,700 at 7.29%$292.45
42,700 at 7.3%$292.74
42,700 at 7.31%$293.03
42,700 at 7.32%$293.32
42,700 at 7.33%$293.61
42,700 at 7.34%$293.90
42,700 at 7.35%$294.19
42,700 at 7.36%$294.48
42,700 at 7.37%$294.77
42,700 at 7.38%$295.06
42,700 at 7.39%$295.35
42,700 at 7.4%$295.65
42,700 at 7.41%$295.94
42,700 at 7.42%$296.23
42,700 at 7.43%$296.52
42,700 at 7.44%$296.81
42,700 at 7.45%$297.10
42,700 at 7.46%$297.40
42,700 at 7.47%$297.69
42,700 at 7.48%$297.98
42,700 at 7.49%$298.27
42,700 at 7.5%$298.56
42,700 at 7.51%$298.86
42,700 at 7.52%$299.15
42,700 at 7.53%$299.44
42,700 at 7.54%$299.74
42,700 at 7.55%$300.03
42,700 at 7.56%$300.32
42,700 at 7.57%$300.61
42,700 at 7.58%$300.91
42,700 at 7.59%$301.20
42,700 at 7.6%$301.49
42,700 at 7.61%$301.79
42,700 at 7.62%$302.08
42,700 at 7.63%$302.37
42,700 at 7.64%$302.67
42,700 at 7.65%$302.96
42,700 at 7.66%$303.26
42,700 at 7.67%$303.55
42,700 at 7.68%$303.85
42,700 at 7.69%$304.14
42,700 at 7.7%$304.43
42,700 at 7.71%$304.73
42,700 at 7.72%$305.02
42,700 at 7.73%$305.32
42,700 at 7.74%$305.61
42,700 at 7.75%$305.91
42,700 at 7.76%$306.20
42,700 at 7.77%$306.50
42,700 at 7.78%$306.79
42,700 at 7.79%$307.09
42,700 at 7.8%$307.38
42,700 at 7.81%$307.68
42,700 at 7.82%$307.98
42,700 at 7.83%$308.27
42,700 at 7.84%$308.57
42,700 at 7.85%$308.86
42,700 at 7.86%$309.16
42,700 at 7.87%$309.46
42,700 at 7.88%$309.75
42,700 at 7.89%$310.05
42,700 at 7.9%$310.35
42,700 at 7.91%$310.64
42,700 at 7.92%$310.94
42,700 at 7.93%$311.24
42,700 at 7.94%$311.53
42,700 at 7.95%$311.83
42,700 at 7.96%$312.13
42,700 at 7.97%$312.42
42,700 at 7.98%$312.72
42,700 at 7.99%$313.02
42,700 at 8%$313.32
More Amounts
What is the down payment for a $42,700 house? How much do you need to put down?
Percent Down Down Payment
1%427
2%854
3%1,281
4%1,708
5%2,135
6%2,562
7%2,989
8%3,416
9%3,843
10%4,270
11%4,697
12%5,124
13%5,551
14%5,978
15%6,405
16%6,832
17%7,259
18%7,686
19%8,113
20%8,540
Percent Down Down Payment
21%8,967
22%9,394
23%9,821
24%10,248
25%10,675
26%11,102
27%11,529
28%11,956
29%12,383
30%12,810
31%13,237
32%13,664
33%14,091
34%14,518
35%14,945
36%15,372
37%15,799
38%16,226
39%16,653
40%17,080
Percent Down Down Payment
41%17,507
42%17,934
43%18,361
44%18,788
45%19,215
46%19,642
47%20,069
48%20,496
49%20,923
50%21,350
51%21,777
52%22,204
53%22,631
54%23,058
55%23,485
56%23,912
57%24,339
58%24,766
59%25,193
60%25,620
Percent Down Down Payment
61%26,047
62%26,474
63%26,901
64%27,328
65%27,755
66%28,182
67%28,609
68%29,036
69%29,463
70%29,890
71%30,317
72%30,744
73%31,171
74%31,598
75%32,025
76%32,452
77%32,879
78%33,306
79%33,733
80%34,160
Percent Down Down Payment
81%34,587
82%35,014
83%35,441
84%35,868
85%36,295
86%36,722
87%37,149
88%37,576
89%38,003
90%38,430
91%38,857
92%39,284
93%39,711
94%40,138
95%40,565
96%40,992
97%41,419
98%41,846
99%42,273
100%42,700
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.