$42,850 Mortgage for 30 Years

What is the monthly payment of a 42,850 dollar loan?
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Loan Tables for a $42,850 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 $42,850 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
42,850 at 2.01%$158.60
42,850 at 2.02%$158.81
42,850 at 2.03%$159.03
42,850 at 2.04%$159.24
42,850 at 2.05%$159.46
42,850 at 2.06%$159.67
42,850 at 2.07%$159.89
42,850 at 2.08%$160.10
42,850 at 2.09%$160.32
42,850 at 2.1%$160.53
42,850 at 2.11%$160.75
42,850 at 2.12%$160.97
42,850 at 2.13%$161.18
42,850 at 2.14%$161.40
42,850 at 2.15%$161.62
42,850 at 2.16%$161.83
42,850 at 2.17%$162.05
42,850 at 2.18%$162.27
42,850 at 2.19%$162.48
42,850 at 2.2%$162.70
42,850 at 2.21%$162.92
42,850 at 2.22%$163.14
42,850 at 2.23%$163.36
42,850 at 2.24%$163.57
42,850 at 2.25%$163.79
42,850 at 2.26%$164.01
42,850 at 2.27%$164.23
42,850 at 2.28%$164.45
42,850 at 2.29%$164.67
42,850 at 2.3%$164.89
42,850 at 2.31%$165.11
42,850 at 2.32%$165.33
42,850 at 2.33%$165.55
42,850 at 2.34%$165.77
42,850 at 2.35%$165.99
42,850 at 2.36%$166.21
42,850 at 2.37%$166.43
42,850 at 2.38%$166.65
42,850 at 2.39%$166.87
42,850 at 2.4%$167.09
42,850 at 2.41%$167.31
42,850 at 2.42%$167.53
42,850 at 2.43%$167.75
42,850 at 2.44%$167.98
42,850 at 2.45%$168.20
42,850 at 2.46%$168.42
42,850 at 2.47%$168.64
42,850 at 2.48%$168.86
42,850 at 2.49%$169.09
42,850 at 2.5%$169.31
42,850 at 2.51%$169.53
42,850 at 2.52%$169.76
42,850 at 2.53%$169.98
42,850 at 2.54%$170.20
42,850 at 2.55%$170.43
42,850 at 2.56%$170.65
42,850 at 2.57%$170.87
42,850 at 2.58%$171.10
42,850 at 2.59%$171.32
42,850 at 2.6%$171.55
42,850 at 2.61%$171.77
42,850 at 2.62%$171.99
42,850 at 2.63%$172.22
42,850 at 2.64%$172.44
42,850 at 2.65%$172.67
42,850 at 2.66%$172.90
42,850 at 2.67%$173.12
42,850 at 2.68%$173.35
42,850 at 2.69%$173.57
42,850 at 2.7%$173.80
42,850 at 2.71%$174.02
42,850 at 2.72%$174.25
42,850 at 2.73%$174.48
42,850 at 2.74%$174.70
42,850 at 2.75%$174.93
42,850 at 2.76%$175.16
42,850 at 2.77%$175.39
42,850 at 2.78%$175.61
42,850 at 2.79%$175.84
42,850 at 2.8%$176.07
42,850 at 2.81%$176.30
42,850 at 2.82%$176.52
42,850 at 2.83%$176.75
42,850 at 2.84%$176.98
42,850 at 2.85%$177.21
42,850 at 2.86%$177.44
42,850 at 2.87%$177.67
42,850 at 2.88%$177.90
42,850 at 2.89%$178.13
42,850 at 2.9%$178.35
42,850 at 2.91%$178.58
42,850 at 2.92%$178.81
42,850 at 2.93%$179.04
42,850 at 2.94%$179.27
42,850 at 2.95%$179.50
42,850 at 2.96%$179.73
42,850 at 2.97%$179.96
42,850 at 2.98%$180.20
42,850 at 2.99%$180.43
42,850 at 3%$180.66
42,850 at 3.01%$180.89
42,850 at 3.02%$181.12
42,850 at 3.03%$181.35
42,850 at 3.04%$181.58
42,850 at 3.05%$181.81
42,850 at 3.06%$182.05
42,850 at 3.07%$182.28
42,850 at 3.08%$182.51
42,850 at 3.09%$182.74
42,850 at 3.1%$182.98
42,850 at 3.11%$183.21
42,850 at 3.12%$183.44
42,850 at 3.13%$183.68
42,850 at 3.14%$183.91
42,850 at 3.15%$184.14
42,850 at 3.16%$184.38
42,850 at 3.17%$184.61
42,850 at 3.18%$184.84
42,850 at 3.19%$185.08
42,850 at 3.2%$185.31
42,850 at 3.21%$185.55
42,850 at 3.22%$185.78
42,850 at 3.23%$186.02
42,850 at 3.24%$186.25
42,850 at 3.25%$186.49
42,850 at 3.26%$186.72
42,850 at 3.27%$186.96
42,850 at 3.28%$187.19
42,850 at 3.29%$187.43
42,850 at 3.3%$187.66
42,850 at 3.31%$187.90
42,850 at 3.32%$188.14
42,850 at 3.33%$188.37
42,850 at 3.34%$188.61
42,850 at 3.35%$188.85
42,850 at 3.36%$189.08
42,850 at 3.37%$189.32
42,850 at 3.38%$189.56
42,850 at 3.39%$189.79
42,850 at 3.4%$190.03
42,850 at 3.41%$190.27
42,850 at 3.42%$190.51
42,850 at 3.43%$190.75
42,850 at 3.44%$190.98
42,850 at 3.45%$191.22
42,850 at 3.46%$191.46
42,850 at 3.47%$191.70
42,850 at 3.48%$191.94
42,850 at 3.49%$192.18
42,850 at 3.5%$192.42
Interest Rate 30 Year
42,850 at 3.51%$192.65
42,850 at 3.52%$192.89
42,850 at 3.53%$193.13
42,850 at 3.54%$193.37
42,850 at 3.55%$193.61
42,850 at 3.56%$193.85
42,850 at 3.57%$194.09
42,850 at 3.58%$194.33
42,850 at 3.59%$194.57
42,850 at 3.6%$194.82
42,850 at 3.61%$195.06
42,850 at 3.62%$195.30
42,850 at 3.63%$195.54
42,850 at 3.64%$195.78
42,850 at 3.65%$196.02
42,850 at 3.66%$196.26
42,850 at 3.67%$196.50
42,850 at 3.68%$196.75
42,850 at 3.69%$196.99
42,850 at 3.7%$197.23
42,850 at 3.71%$197.47
42,850 at 3.72%$197.72
42,850 at 3.73%$197.96
42,850 at 3.74%$198.20
42,850 at 3.75%$198.45
42,850 at 3.76%$198.69
42,850 at 3.77%$198.93
42,850 at 3.78%$199.18
42,850 at 3.79%$199.42
42,850 at 3.8%$199.66
42,850 at 3.81%$199.91
42,850 at 3.82%$200.15
42,850 at 3.83%$200.40
42,850 at 3.84%$200.64
42,850 at 3.85%$200.88
42,850 at 3.86%$201.13
42,850 at 3.87%$201.37
42,850 at 3.88%$201.62
42,850 at 3.89%$201.86
42,850 at 3.9%$202.11
42,850 at 3.91%$202.36
42,850 at 3.92%$202.60
42,850 at 3.93%$202.85
42,850 at 3.94%$203.09
42,850 at 3.95%$203.34
42,850 at 3.96%$203.59
42,850 at 3.97%$203.83
42,850 at 3.98%$204.08
42,850 at 3.99%$204.33
42,850 at 4%$204.57
42,850 at 4.01%$204.82
42,850 at 4.02%$205.07
42,850 at 4.03%$205.31
42,850 at 4.04%$205.56
42,850 at 4.05%$205.81
42,850 at 4.06%$206.06
42,850 at 4.07%$206.31
42,850 at 4.08%$206.55
42,850 at 4.09%$206.80
42,850 at 4.1%$207.05
42,850 at 4.11%$207.30
42,850 at 4.12%$207.55
42,850 at 4.13%$207.80
42,850 at 4.14%$208.05
42,850 at 4.15%$208.30
42,850 at 4.16%$208.54
42,850 at 4.17%$208.79
42,850 at 4.18%$209.04
42,850 at 4.19%$209.29
42,850 at 4.2%$209.54
42,850 at 4.21%$209.79
42,850 at 4.22%$210.04
42,850 at 4.23%$210.29
42,850 at 4.24%$210.55
42,850 at 4.25%$210.80
42,850 at 4.26%$211.05
42,850 at 4.27%$211.30
42,850 at 4.28%$211.55
42,850 at 4.29%$211.80
42,850 at 4.3%$212.05
42,850 at 4.31%$212.30
42,850 at 4.32%$212.56
42,850 at 4.33%$212.81
42,850 at 4.34%$213.06
42,850 at 4.35%$213.31
42,850 at 4.36%$213.56
42,850 at 4.37%$213.82
42,850 at 4.38%$214.07
42,850 at 4.39%$214.32
42,850 at 4.4%$214.58
42,850 at 4.41%$214.83
42,850 at 4.42%$215.08
42,850 at 4.43%$215.34
42,850 at 4.44%$215.59
42,850 at 4.45%$215.84
42,850 at 4.46%$216.10
42,850 at 4.47%$216.35
42,850 at 4.48%$216.61
42,850 at 4.49%$216.86
42,850 at 4.5%$217.11
42,850 at 4.51%$217.37
42,850 at 4.52%$217.62
42,850 at 4.53%$217.88
42,850 at 4.54%$218.13
42,850 at 4.55%$218.39
42,850 at 4.56%$218.64
42,850 at 4.57%$218.90
42,850 at 4.58%$219.16
42,850 at 4.59%$219.41
42,850 at 4.6%$219.67
42,850 at 4.61%$219.92
42,850 at 4.62%$220.18
42,850 at 4.63%$220.44
42,850 at 4.64%$220.69
42,850 at 4.65%$220.95
42,850 at 4.66%$221.21
42,850 at 4.67%$221.46
42,850 at 4.68%$221.72
42,850 at 4.69%$221.98
42,850 at 4.7%$222.24
42,850 at 4.71%$222.49
42,850 at 4.72%$222.75
42,850 at 4.73%$223.01
42,850 at 4.74%$223.27
42,850 at 4.75%$223.53
42,850 at 4.76%$223.78
42,850 at 4.77%$224.04
42,850 at 4.78%$224.30
42,850 at 4.79%$224.56
42,850 at 4.8%$224.82
42,850 at 4.81%$225.08
42,850 at 4.82%$225.34
42,850 at 4.83%$225.60
42,850 at 4.84%$225.86
42,850 at 4.85%$226.12
42,850 at 4.86%$226.38
42,850 at 4.87%$226.64
42,850 at 4.88%$226.90
42,850 at 4.89%$227.16
42,850 at 4.9%$227.42
42,850 at 4.91%$227.68
42,850 at 4.92%$227.94
42,850 at 4.93%$228.20
42,850 at 4.94%$228.46
42,850 at 4.95%$228.72
42,850 at 4.96%$228.98
42,850 at 4.97%$229.24
42,850 at 4.98%$229.50
42,850 at 4.99%$229.77
42,850 at 5%$230.03
Interest Rate 30 Year
42,850 at 5.01%$230.29
42,850 at 5.02%$230.55
42,850 at 5.03%$230.81
42,850 at 5.04%$231.08
42,850 at 5.05%$231.34
42,850 at 5.06%$231.60
42,850 at 5.07%$231.86
42,850 at 5.08%$232.13
42,850 at 5.09%$232.39
42,850 at 5.1%$232.65
42,850 at 5.11%$232.92
42,850 at 5.12%$233.18
42,850 at 5.13%$233.44
42,850 at 5.14%$233.71
42,850 at 5.15%$233.97
42,850 at 5.16%$234.24
42,850 at 5.17%$234.50
42,850 at 5.18%$234.76
42,850 at 5.19%$235.03
42,850 at 5.2%$235.29
42,850 at 5.21%$235.56
42,850 at 5.22%$235.82
42,850 at 5.23%$236.09
42,850 at 5.24%$236.35
42,850 at 5.25%$236.62
42,850 at 5.26%$236.88
42,850 at 5.27%$237.15
42,850 at 5.28%$237.42
42,850 at 5.29%$237.68
42,850 at 5.3%$237.95
42,850 at 5.31%$238.21
42,850 at 5.32%$238.48
42,850 at 5.33%$238.75
42,850 at 5.34%$239.01
42,850 at 5.35%$239.28
42,850 at 5.36%$239.55
42,850 at 5.37%$239.81
42,850 at 5.38%$240.08
42,850 at 5.39%$240.35
42,850 at 5.4%$240.62
42,850 at 5.41%$240.88
42,850 at 5.42%$241.15
42,850 at 5.43%$241.42
42,850 at 5.44%$241.69
42,850 at 5.45%$241.96
42,850 at 5.46%$242.22
42,850 at 5.47%$242.49
42,850 at 5.48%$242.76
42,850 at 5.49%$243.03
42,850 at 5.5%$243.30
42,850 at 5.51%$243.57
42,850 at 5.52%$243.84
42,850 at 5.53%$244.10
42,850 at 5.54%$244.37
42,850 at 5.55%$244.64
42,850 at 5.56%$244.91
42,850 at 5.57%$245.18
42,850 at 5.58%$245.45
42,850 at 5.59%$245.72
42,850 at 5.6%$245.99
42,850 at 5.61%$246.26
42,850 at 5.62%$246.53
42,850 at 5.63%$246.80
42,850 at 5.64%$247.07
42,850 at 5.65%$247.35
42,850 at 5.66%$247.62
42,850 at 5.67%$247.89
42,850 at 5.68%$248.16
42,850 at 5.69%$248.43
42,850 at 5.7%$248.70
42,850 at 5.71%$248.97
42,850 at 5.72%$249.24
42,850 at 5.73%$249.52
42,850 at 5.74%$249.79
42,850 at 5.75%$250.06
42,850 at 5.76%$250.33
42,850 at 5.77%$250.61
42,850 at 5.78%$250.88
42,850 at 5.79%$251.15
42,850 at 5.8%$251.42
42,850 at 5.81%$251.70
42,850 at 5.82%$251.97
42,850 at 5.83%$252.24
42,850 at 5.84%$252.52
42,850 at 5.85%$252.79
42,850 at 5.86%$253.06
42,850 at 5.87%$253.34
42,850 at 5.88%$253.61
42,850 at 5.89%$253.88
42,850 at 5.9%$254.16
42,850 at 5.91%$254.43
42,850 at 5.92%$254.71
42,850 at 5.93%$254.98
42,850 at 5.94%$255.26
42,850 at 5.95%$255.53
42,850 at 5.96%$255.81
42,850 at 5.97%$256.08
42,850 at 5.98%$256.36
42,850 at 5.99%$256.63
42,850 at 6%$256.91
42,850 at 6.01%$257.18
42,850 at 6.02%$257.46
42,850 at 6.03%$257.73
42,850 at 6.04%$258.01
42,850 at 6.05%$258.29
42,850 at 6.06%$258.56
42,850 at 6.07%$258.84
42,850 at 6.08%$259.12
42,850 at 6.09%$259.39
42,850 at 6.1%$259.67
42,850 at 6.11%$259.95
42,850 at 6.12%$260.22
42,850 at 6.13%$260.50
42,850 at 6.14%$260.78
42,850 at 6.15%$261.05
42,850 at 6.16%$261.33
42,850 at 6.17%$261.61
42,850 at 6.18%$261.89
42,850 at 6.19%$262.16
42,850 at 6.2%$262.44
42,850 at 6.21%$262.72
42,850 at 6.22%$263.00
42,850 at 6.23%$263.28
42,850 at 6.24%$263.56
42,850 at 6.25%$263.83
42,850 at 6.26%$264.11
42,850 at 6.27%$264.39
42,850 at 6.28%$264.67
42,850 at 6.29%$264.95
42,850 at 6.3%$265.23
42,850 at 6.31%$265.51
42,850 at 6.32%$265.79
42,850 at 6.33%$266.07
42,850 at 6.34%$266.35
42,850 at 6.35%$266.63
42,850 at 6.36%$266.91
42,850 at 6.37%$267.19
42,850 at 6.38%$267.47
42,850 at 6.39%$267.75
42,850 at 6.4%$268.03
42,850 at 6.41%$268.31
42,850 at 6.42%$268.59
42,850 at 6.43%$268.87
42,850 at 6.44%$269.15
42,850 at 6.45%$269.43
42,850 at 6.46%$269.71
42,850 at 6.47%$270.00
42,850 at 6.48%$270.28
42,850 at 6.49%$270.56
42,850 at 6.5%$270.84
Interest Rate 30 Year
42,850 at 6.51%$271.12
42,850 at 6.52%$271.41
42,850 at 6.53%$271.69
42,850 at 6.54%$271.97
42,850 at 6.55%$272.25
42,850 at 6.56%$272.53
42,850 at 6.57%$272.82
42,850 at 6.58%$273.10
42,850 at 6.59%$273.38
42,850 at 6.6%$273.67
42,850 at 6.61%$273.95
42,850 at 6.62%$274.23
42,850 at 6.63%$274.51
42,850 at 6.64%$274.80
42,850 at 6.65%$275.08
42,850 at 6.66%$275.37
42,850 at 6.67%$275.65
42,850 at 6.68%$275.93
42,850 at 6.69%$276.22
42,850 at 6.7%$276.50
42,850 at 6.71%$276.79
42,850 at 6.72%$277.07
42,850 at 6.73%$277.35
42,850 at 6.74%$277.64
42,850 at 6.75%$277.92
42,850 at 6.76%$278.21
42,850 at 6.77%$278.49
42,850 at 6.78%$278.78
42,850 at 6.79%$279.06
42,850 at 6.8%$279.35
42,850 at 6.81%$279.64
42,850 at 6.82%$279.92
42,850 at 6.83%$280.21
42,850 at 6.84%$280.49
42,850 at 6.85%$280.78
42,850 at 6.86%$281.06
42,850 at 6.87%$281.35
42,850 at 6.88%$281.64
42,850 at 6.89%$281.92
42,850 at 6.9%$282.21
42,850 at 6.91%$282.50
42,850 at 6.92%$282.78
42,850 at 6.93%$283.07
42,850 at 6.94%$283.36
42,850 at 6.95%$283.64
42,850 at 6.96%$283.93
42,850 at 6.97%$284.22
42,850 at 6.98%$284.51
42,850 at 6.99%$284.79
42,850 at 7%$285.08
42,850 at 7.01%$285.37
42,850 at 7.02%$285.66
42,850 at 7.03%$285.95
42,850 at 7.04%$286.23
42,850 at 7.05%$286.52
42,850 at 7.06%$286.81
42,850 at 7.07%$287.10
42,850 at 7.08%$287.39
42,850 at 7.09%$287.68
42,850 at 7.1%$287.97
42,850 at 7.11%$288.25
42,850 at 7.12%$288.54
42,850 at 7.13%$288.83
42,850 at 7.14%$289.12
42,850 at 7.15%$289.41
42,850 at 7.16%$289.70
42,850 at 7.17%$289.99
42,850 at 7.18%$290.28
42,850 at 7.19%$290.57
42,850 at 7.2%$290.86
42,850 at 7.21%$291.15
42,850 at 7.22%$291.44
42,850 at 7.23%$291.73
42,850 at 7.24%$292.02
42,850 at 7.25%$292.31
42,850 at 7.26%$292.60
42,850 at 7.27%$292.89
42,850 at 7.28%$293.18
42,850 at 7.29%$293.48
42,850 at 7.3%$293.77
42,850 at 7.31%$294.06
42,850 at 7.32%$294.35
42,850 at 7.33%$294.64
42,850 at 7.34%$294.93
42,850 at 7.35%$295.22
42,850 at 7.36%$295.52
42,850 at 7.37%$295.81
42,850 at 7.38%$296.10
42,850 at 7.39%$296.39
42,850 at 7.4%$296.68
42,850 at 7.41%$296.98
42,850 at 7.42%$297.27
42,850 at 7.43%$297.56
42,850 at 7.44%$297.85
42,850 at 7.45%$298.15
42,850 at 7.46%$298.44
42,850 at 7.47%$298.73
42,850 at 7.48%$299.03
42,850 at 7.49%$299.32
42,850 at 7.5%$299.61
42,850 at 7.51%$299.91
42,850 at 7.52%$300.20
42,850 at 7.53%$300.49
42,850 at 7.54%$300.79
42,850 at 7.55%$301.08
42,850 at 7.56%$301.38
42,850 at 7.57%$301.67
42,850 at 7.58%$301.96
42,850 at 7.59%$302.26
42,850 at 7.6%$302.55
42,850 at 7.61%$302.85
42,850 at 7.62%$303.14
42,850 at 7.63%$303.44
42,850 at 7.64%$303.73
42,850 at 7.65%$304.03
42,850 at 7.66%$304.32
42,850 at 7.67%$304.62
42,850 at 7.68%$304.91
42,850 at 7.69%$305.21
42,850 at 7.7%$305.50
42,850 at 7.71%$305.80
42,850 at 7.72%$306.09
42,850 at 7.73%$306.39
42,850 at 7.74%$306.69
42,850 at 7.75%$306.98
42,850 at 7.76%$307.28
42,850 at 7.77%$307.58
42,850 at 7.78%$307.87
42,850 at 7.79%$308.17
42,850 at 7.8%$308.46
42,850 at 7.81%$308.76
42,850 at 7.82%$309.06
42,850 at 7.83%$309.35
42,850 at 7.84%$309.65
42,850 at 7.85%$309.95
42,850 at 7.86%$310.25
42,850 at 7.87%$310.54
42,850 at 7.88%$310.84
42,850 at 7.89%$311.14
42,850 at 7.9%$311.44
42,850 at 7.91%$311.73
42,850 at 7.92%$312.03
42,850 at 7.93%$312.33
42,850 at 7.94%$312.63
42,850 at 7.95%$312.93
42,850 at 7.96%$313.22
42,850 at 7.97%$313.52
42,850 at 7.98%$313.82
42,850 at 7.99%$314.12
42,850 at 8%$314.42
More Amounts
What is the down payment for a $42,850 house? How much do you need to put down?
Percent Down Down Payment
1%429
2%857
3%1,286
4%1,714
5%2,143
6%2,571
7%3,000
8%3,428
9%3,857
10%4,285
11%4,714
12%5,142
13%5,571
14%5,999
15%6,428
16%6,856
17%7,285
18%7,713
19%8,142
20%8,570
Percent Down Down Payment
21%8,999
22%9,427
23%9,856
24%10,284
25%10,713
26%11,141
27%11,570
28%11,998
29%12,427
30%12,855
31%13,284
32%13,712
33%14,141
34%14,569
35%14,998
36%15,426
37%15,855
38%16,283
39%16,712
40%17,140
Percent Down Down Payment
41%17,569
42%17,997
43%18,426
44%18,854
45%19,283
46%19,711
47%20,140
48%20,568
49%20,997
50%21,425
51%21,854
52%22,282
53%22,711
54%23,139
55%23,568
56%23,996
57%24,425
58%24,853
59%25,282
60%25,710
Percent Down Down Payment
61%26,139
62%26,567
63%26,996
64%27,424
65%27,853
66%28,281
67%28,710
68%29,138
69%29,567
70%29,995
71%30,424
72%30,852
73%31,281
74%31,709
75%32,138
76%32,566
77%32,995
78%33,423
79%33,852
80%34,280
Percent Down Down Payment
81%34,709
82%35,137
83%35,566
84%35,994
85%36,423
86%36,851
87%37,280
88%37,708
89%38,137
90%38,565
91%38,994
92%39,422
93%39,851
94%40,279
95%40,708
96%41,136
97%41,565
98%41,993
99%42,422
100%42,850
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.