$42,950 Mortgage for 30 Years

What is the monthly payment of a 42,950 dollar loan?
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Loan Tables for a $42,950 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 $42,950 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
42,950 at 2.01%$158.97
42,950 at 2.02%$159.18
42,950 at 2.03%$159.40
42,950 at 2.04%$159.61
42,950 at 2.05%$159.83
42,950 at 2.06%$160.04
42,950 at 2.07%$160.26
42,950 at 2.08%$160.48
42,950 at 2.09%$160.69
42,950 at 2.1%$160.91
42,950 at 2.11%$161.12
42,950 at 2.12%$161.34
42,950 at 2.13%$161.56
42,950 at 2.14%$161.78
42,950 at 2.15%$161.99
42,950 at 2.16%$162.21
42,950 at 2.17%$162.43
42,950 at 2.18%$162.65
42,950 at 2.19%$162.86
42,950 at 2.2%$163.08
42,950 at 2.21%$163.30
42,950 at 2.22%$163.52
42,950 at 2.23%$163.74
42,950 at 2.24%$163.96
42,950 at 2.25%$164.17
42,950 at 2.26%$164.39
42,950 at 2.27%$164.61
42,950 at 2.28%$164.83
42,950 at 2.29%$165.05
42,950 at 2.3%$165.27
42,950 at 2.31%$165.49
42,950 at 2.32%$165.71
42,950 at 2.33%$165.93
42,950 at 2.34%$166.15
42,950 at 2.35%$166.37
42,950 at 2.36%$166.59
42,950 at 2.37%$166.82
42,950 at 2.38%$167.04
42,950 at 2.39%$167.26
42,950 at 2.4%$167.48
42,950 at 2.41%$167.70
42,950 at 2.42%$167.92
42,950 at 2.43%$168.15
42,950 at 2.44%$168.37
42,950 at 2.45%$168.59
42,950 at 2.46%$168.81
42,950 at 2.47%$169.04
42,950 at 2.48%$169.26
42,950 at 2.49%$169.48
42,950 at 2.5%$169.70
42,950 at 2.51%$169.93
42,950 at 2.52%$170.15
42,950 at 2.53%$170.38
42,950 at 2.54%$170.60
42,950 at 2.55%$170.82
42,950 at 2.56%$171.05
42,950 at 2.57%$171.27
42,950 at 2.58%$171.50
42,950 at 2.59%$171.72
42,950 at 2.6%$171.95
42,950 at 2.61%$172.17
42,950 at 2.62%$172.40
42,950 at 2.63%$172.62
42,950 at 2.64%$172.85
42,950 at 2.65%$173.07
42,950 at 2.66%$173.30
42,950 at 2.67%$173.52
42,950 at 2.68%$173.75
42,950 at 2.69%$173.98
42,950 at 2.7%$174.20
42,950 at 2.71%$174.43
42,950 at 2.72%$174.66
42,950 at 2.73%$174.88
42,950 at 2.74%$175.11
42,950 at 2.75%$175.34
42,950 at 2.76%$175.57
42,950 at 2.77%$175.79
42,950 at 2.78%$176.02
42,950 at 2.79%$176.25
42,950 at 2.8%$176.48
42,950 at 2.81%$176.71
42,950 at 2.82%$176.94
42,950 at 2.83%$177.16
42,950 at 2.84%$177.39
42,950 at 2.85%$177.62
42,950 at 2.86%$177.85
42,950 at 2.87%$178.08
42,950 at 2.88%$178.31
42,950 at 2.89%$178.54
42,950 at 2.9%$178.77
42,950 at 2.91%$179.00
42,950 at 2.92%$179.23
42,950 at 2.93%$179.46
42,950 at 2.94%$179.69
42,950 at 2.95%$179.92
42,950 at 2.96%$180.15
42,950 at 2.97%$180.38
42,950 at 2.98%$180.62
42,950 at 2.99%$180.85
42,950 at 3%$181.08
42,950 at 3.01%$181.31
42,950 at 3.02%$181.54
42,950 at 3.03%$181.77
42,950 at 3.04%$182.01
42,950 at 3.05%$182.24
42,950 at 3.06%$182.47
42,950 at 3.07%$182.70
42,950 at 3.08%$182.94
42,950 at 3.09%$183.17
42,950 at 3.1%$183.40
42,950 at 3.11%$183.64
42,950 at 3.12%$183.87
42,950 at 3.13%$184.10
42,950 at 3.14%$184.34
42,950 at 3.15%$184.57
42,950 at 3.16%$184.81
42,950 at 3.17%$185.04
42,950 at 3.18%$185.28
42,950 at 3.19%$185.51
42,950 at 3.2%$185.74
42,950 at 3.21%$185.98
42,950 at 3.22%$186.21
42,950 at 3.23%$186.45
42,950 at 3.24%$186.69
42,950 at 3.25%$186.92
42,950 at 3.26%$187.16
42,950 at 3.27%$187.39
42,950 at 3.28%$187.63
42,950 at 3.29%$187.87
42,950 at 3.3%$188.10
42,950 at 3.31%$188.34
42,950 at 3.32%$188.58
42,950 at 3.33%$188.81
42,950 at 3.34%$189.05
42,950 at 3.35%$189.29
42,950 at 3.36%$189.52
42,950 at 3.37%$189.76
42,950 at 3.38%$190.00
42,950 at 3.39%$190.24
42,950 at 3.4%$190.48
42,950 at 3.41%$190.71
42,950 at 3.42%$190.95
42,950 at 3.43%$191.19
42,950 at 3.44%$191.43
42,950 at 3.45%$191.67
42,950 at 3.46%$191.91
42,950 at 3.47%$192.15
42,950 at 3.48%$192.39
42,950 at 3.49%$192.63
42,950 at 3.5%$192.86
Interest Rate 30 Year
42,950 at 3.51%$193.10
42,950 at 3.52%$193.34
42,950 at 3.53%$193.58
42,950 at 3.54%$193.82
42,950 at 3.55%$194.07
42,950 at 3.56%$194.31
42,950 at 3.57%$194.55
42,950 at 3.58%$194.79
42,950 at 3.59%$195.03
42,950 at 3.6%$195.27
42,950 at 3.61%$195.51
42,950 at 3.62%$195.75
42,950 at 3.63%$195.99
42,950 at 3.64%$196.24
42,950 at 3.65%$196.48
42,950 at 3.66%$196.72
42,950 at 3.67%$196.96
42,950 at 3.68%$197.21
42,950 at 3.69%$197.45
42,950 at 3.7%$197.69
42,950 at 3.71%$197.93
42,950 at 3.72%$198.18
42,950 at 3.73%$198.42
42,950 at 3.74%$198.66
42,950 at 3.75%$198.91
42,950 at 3.76%$199.15
42,950 at 3.77%$199.40
42,950 at 3.78%$199.64
42,950 at 3.79%$199.88
42,950 at 3.8%$200.13
42,950 at 3.81%$200.37
42,950 at 3.82%$200.62
42,950 at 3.83%$200.86
42,950 at 3.84%$201.11
42,950 at 3.85%$201.35
42,950 at 3.86%$201.60
42,950 at 3.87%$201.84
42,950 at 3.88%$202.09
42,950 at 3.89%$202.34
42,950 at 3.9%$202.58
42,950 at 3.91%$202.83
42,950 at 3.92%$203.07
42,950 at 3.93%$203.32
42,950 at 3.94%$203.57
42,950 at 3.95%$203.81
42,950 at 3.96%$204.06
42,950 at 3.97%$204.31
42,950 at 3.98%$204.55
42,950 at 3.99%$204.80
42,950 at 4%$205.05
42,950 at 4.01%$205.30
42,950 at 4.02%$205.55
42,950 at 4.03%$205.79
42,950 at 4.04%$206.04
42,950 at 4.05%$206.29
42,950 at 4.06%$206.54
42,950 at 4.07%$206.79
42,950 at 4.08%$207.04
42,950 at 4.09%$207.28
42,950 at 4.1%$207.53
42,950 at 4.11%$207.78
42,950 at 4.12%$208.03
42,950 at 4.13%$208.28
42,950 at 4.14%$208.53
42,950 at 4.15%$208.78
42,950 at 4.16%$209.03
42,950 at 4.17%$209.28
42,950 at 4.18%$209.53
42,950 at 4.19%$209.78
42,950 at 4.2%$210.03
42,950 at 4.21%$210.28
42,950 at 4.22%$210.53
42,950 at 4.23%$210.79
42,950 at 4.24%$211.04
42,950 at 4.25%$211.29
42,950 at 4.26%$211.54
42,950 at 4.27%$211.79
42,950 at 4.28%$212.04
42,950 at 4.29%$212.30
42,950 at 4.3%$212.55
42,950 at 4.31%$212.80
42,950 at 4.32%$213.05
42,950 at 4.33%$213.30
42,950 at 4.34%$213.56
42,950 at 4.35%$213.81
42,950 at 4.36%$214.06
42,950 at 4.37%$214.32
42,950 at 4.38%$214.57
42,950 at 4.39%$214.82
42,950 at 4.4%$215.08
42,950 at 4.41%$215.33
42,950 at 4.42%$215.58
42,950 at 4.43%$215.84
42,950 at 4.44%$216.09
42,950 at 4.45%$216.35
42,950 at 4.46%$216.60
42,950 at 4.47%$216.86
42,950 at 4.48%$217.11
42,950 at 4.49%$217.37
42,950 at 4.5%$217.62
42,950 at 4.51%$217.88
42,950 at 4.52%$218.13
42,950 at 4.53%$218.39
42,950 at 4.54%$218.64
42,950 at 4.55%$218.90
42,950 at 4.56%$219.16
42,950 at 4.57%$219.41
42,950 at 4.58%$219.67
42,950 at 4.59%$219.92
42,950 at 4.6%$220.18
42,950 at 4.61%$220.44
42,950 at 4.62%$220.69
42,950 at 4.63%$220.95
42,950 at 4.64%$221.21
42,950 at 4.65%$221.47
42,950 at 4.66%$221.72
42,950 at 4.67%$221.98
42,950 at 4.68%$222.24
42,950 at 4.69%$222.50
42,950 at 4.7%$222.75
42,950 at 4.71%$223.01
42,950 at 4.72%$223.27
42,950 at 4.73%$223.53
42,950 at 4.74%$223.79
42,950 at 4.75%$224.05
42,950 at 4.76%$224.31
42,950 at 4.77%$224.57
42,950 at 4.78%$224.82
42,950 at 4.79%$225.08
42,950 at 4.8%$225.34
42,950 at 4.81%$225.60
42,950 at 4.82%$225.86
42,950 at 4.83%$226.12
42,950 at 4.84%$226.38
42,950 at 4.85%$226.64
42,950 at 4.86%$226.90
42,950 at 4.87%$227.16
42,950 at 4.88%$227.43
42,950 at 4.89%$227.69
42,950 at 4.9%$227.95
42,950 at 4.91%$228.21
42,950 at 4.92%$228.47
42,950 at 4.93%$228.73
42,950 at 4.94%$228.99
42,950 at 4.95%$229.25
42,950 at 4.96%$229.52
42,950 at 4.97%$229.78
42,950 at 4.98%$230.04
42,950 at 4.99%$230.30
42,950 at 5%$230.56
Interest Rate 30 Year
42,950 at 5.01%$230.83
42,950 at 5.02%$231.09
42,950 at 5.03%$231.35
42,950 at 5.04%$231.62
42,950 at 5.05%$231.88
42,950 at 5.06%$232.14
42,950 at 5.07%$232.41
42,950 at 5.08%$232.67
42,950 at 5.09%$232.93
42,950 at 5.1%$233.20
42,950 at 5.11%$233.46
42,950 at 5.12%$233.73
42,950 at 5.13%$233.99
42,950 at 5.14%$234.25
42,950 at 5.15%$234.52
42,950 at 5.16%$234.78
42,950 at 5.17%$235.05
42,950 at 5.18%$235.31
42,950 at 5.19%$235.58
42,950 at 5.2%$235.84
42,950 at 5.21%$236.11
42,950 at 5.22%$236.37
42,950 at 5.23%$236.64
42,950 at 5.24%$236.91
42,950 at 5.25%$237.17
42,950 at 5.26%$237.44
42,950 at 5.27%$237.70
42,950 at 5.28%$237.97
42,950 at 5.29%$238.24
42,950 at 5.3%$238.50
42,950 at 5.31%$238.77
42,950 at 5.32%$239.04
42,950 at 5.33%$239.30
42,950 at 5.34%$239.57
42,950 at 5.35%$239.84
42,950 at 5.36%$240.11
42,950 at 5.37%$240.37
42,950 at 5.38%$240.64
42,950 at 5.39%$240.91
42,950 at 5.4%$241.18
42,950 at 5.41%$241.45
42,950 at 5.42%$241.71
42,950 at 5.43%$241.98
42,950 at 5.44%$242.25
42,950 at 5.45%$242.52
42,950 at 5.46%$242.79
42,950 at 5.47%$243.06
42,950 at 5.48%$243.33
42,950 at 5.49%$243.60
42,950 at 5.5%$243.87
42,950 at 5.51%$244.13
42,950 at 5.52%$244.40
42,950 at 5.53%$244.67
42,950 at 5.54%$244.94
42,950 at 5.55%$245.21
42,950 at 5.56%$245.48
42,950 at 5.57%$245.76
42,950 at 5.58%$246.03
42,950 at 5.59%$246.30
42,950 at 5.6%$246.57
42,950 at 5.61%$246.84
42,950 at 5.62%$247.11
42,950 at 5.63%$247.38
42,950 at 5.64%$247.65
42,950 at 5.65%$247.92
42,950 at 5.66%$248.19
42,950 at 5.67%$248.47
42,950 at 5.68%$248.74
42,950 at 5.69%$249.01
42,950 at 5.7%$249.28
42,950 at 5.71%$249.55
42,950 at 5.72%$249.83
42,950 at 5.73%$250.10
42,950 at 5.74%$250.37
42,950 at 5.75%$250.64
42,950 at 5.76%$250.92
42,950 at 5.77%$251.19
42,950 at 5.78%$251.46
42,950 at 5.79%$251.74
42,950 at 5.8%$252.01
42,950 at 5.81%$252.28
42,950 at 5.82%$252.56
42,950 at 5.83%$252.83
42,950 at 5.84%$253.11
42,950 at 5.85%$253.38
42,950 at 5.86%$253.65
42,950 at 5.87%$253.93
42,950 at 5.88%$254.20
42,950 at 5.89%$254.48
42,950 at 5.9%$254.75
42,950 at 5.91%$255.03
42,950 at 5.92%$255.30
42,950 at 5.93%$255.58
42,950 at 5.94%$255.85
42,950 at 5.95%$256.13
42,950 at 5.96%$256.40
42,950 at 5.97%$256.68
42,950 at 5.98%$256.95
42,950 at 5.99%$257.23
42,950 at 6%$257.51
42,950 at 6.01%$257.78
42,950 at 6.02%$258.06
42,950 at 6.03%$258.34
42,950 at 6.04%$258.61
42,950 at 6.05%$258.89
42,950 at 6.06%$259.17
42,950 at 6.07%$259.44
42,950 at 6.08%$259.72
42,950 at 6.09%$260.00
42,950 at 6.1%$260.27
42,950 at 6.11%$260.55
42,950 at 6.12%$260.83
42,950 at 6.13%$261.11
42,950 at 6.14%$261.39
42,950 at 6.15%$261.66
42,950 at 6.16%$261.94
42,950 at 6.17%$262.22
42,950 at 6.18%$262.50
42,950 at 6.19%$262.78
42,950 at 6.2%$263.06
42,950 at 6.21%$263.33
42,950 at 6.22%$263.61
42,950 at 6.23%$263.89
42,950 at 6.24%$264.17
42,950 at 6.25%$264.45
42,950 at 6.26%$264.73
42,950 at 6.27%$265.01
42,950 at 6.28%$265.29
42,950 at 6.29%$265.57
42,950 at 6.3%$265.85
42,950 at 6.31%$266.13
42,950 at 6.32%$266.41
42,950 at 6.33%$266.69
42,950 at 6.34%$266.97
42,950 at 6.35%$267.25
42,950 at 6.36%$267.53
42,950 at 6.37%$267.81
42,950 at 6.38%$268.09
42,950 at 6.39%$268.37
42,950 at 6.4%$268.65
42,950 at 6.41%$268.94
42,950 at 6.42%$269.22
42,950 at 6.43%$269.50
42,950 at 6.44%$269.78
42,950 at 6.45%$270.06
42,950 at 6.46%$270.34
42,950 at 6.47%$270.63
42,950 at 6.48%$270.91
42,950 at 6.49%$271.19
42,950 at 6.5%$271.47
Interest Rate 30 Year
42,950 at 6.51%$271.76
42,950 at 6.52%$272.04
42,950 at 6.53%$272.32
42,950 at 6.54%$272.60
42,950 at 6.55%$272.89
42,950 at 6.56%$273.17
42,950 at 6.57%$273.45
42,950 at 6.58%$273.74
42,950 at 6.59%$274.02
42,950 at 6.6%$274.30
42,950 at 6.61%$274.59
42,950 at 6.62%$274.87
42,950 at 6.63%$275.16
42,950 at 6.64%$275.44
42,950 at 6.65%$275.72
42,950 at 6.66%$276.01
42,950 at 6.67%$276.29
42,950 at 6.68%$276.58
42,950 at 6.69%$276.86
42,950 at 6.7%$277.15
42,950 at 6.71%$277.43
42,950 at 6.72%$277.72
42,950 at 6.73%$278.00
42,950 at 6.74%$278.29
42,950 at 6.75%$278.57
42,950 at 6.76%$278.86
42,950 at 6.77%$279.14
42,950 at 6.78%$279.43
42,950 at 6.79%$279.72
42,950 at 6.8%$280.00
42,950 at 6.81%$280.29
42,950 at 6.82%$280.57
42,950 at 6.83%$280.86
42,950 at 6.84%$281.15
42,950 at 6.85%$281.43
42,950 at 6.86%$281.72
42,950 at 6.87%$282.01
42,950 at 6.88%$282.29
42,950 at 6.89%$282.58
42,950 at 6.9%$282.87
42,950 at 6.91%$283.16
42,950 at 6.92%$283.44
42,950 at 6.93%$283.73
42,950 at 6.94%$284.02
42,950 at 6.95%$284.31
42,950 at 6.96%$284.59
42,950 at 6.97%$284.88
42,950 at 6.98%$285.17
42,950 at 6.99%$285.46
42,950 at 7%$285.75
42,950 at 7.01%$286.04
42,950 at 7.02%$286.32
42,950 at 7.03%$286.61
42,950 at 7.04%$286.90
42,950 at 7.05%$287.19
42,950 at 7.06%$287.48
42,950 at 7.07%$287.77
42,950 at 7.08%$288.06
42,950 at 7.09%$288.35
42,950 at 7.1%$288.64
42,950 at 7.11%$288.93
42,950 at 7.12%$289.22
42,950 at 7.13%$289.51
42,950 at 7.14%$289.80
42,950 at 7.15%$290.09
42,950 at 7.16%$290.38
42,950 at 7.17%$290.67
42,950 at 7.18%$290.96
42,950 at 7.19%$291.25
42,950 at 7.2%$291.54
42,950 at 7.21%$291.83
42,950 at 7.22%$292.12
42,950 at 7.23%$292.41
42,950 at 7.24%$292.70
42,950 at 7.25%$292.99
42,950 at 7.26%$293.29
42,950 at 7.27%$293.58
42,950 at 7.28%$293.87
42,950 at 7.29%$294.16
42,950 at 7.3%$294.45
42,950 at 7.31%$294.74
42,950 at 7.32%$295.04
42,950 at 7.33%$295.33
42,950 at 7.34%$295.62
42,950 at 7.35%$295.91
42,950 at 7.36%$296.21
42,950 at 7.37%$296.50
42,950 at 7.38%$296.79
42,950 at 7.39%$297.08
42,950 at 7.4%$297.38
42,950 at 7.41%$297.67
42,950 at 7.42%$297.96
42,950 at 7.43%$298.26
42,950 at 7.44%$298.55
42,950 at 7.45%$298.84
42,950 at 7.46%$299.14
42,950 at 7.47%$299.43
42,950 at 7.48%$299.72
42,950 at 7.49%$300.02
42,950 at 7.5%$300.31
42,950 at 7.51%$300.61
42,950 at 7.52%$300.90
42,950 at 7.53%$301.20
42,950 at 7.54%$301.49
42,950 at 7.55%$301.78
42,950 at 7.56%$302.08
42,950 at 7.57%$302.37
42,950 at 7.58%$302.67
42,950 at 7.59%$302.96
42,950 at 7.6%$303.26
42,950 at 7.61%$303.55
42,950 at 7.62%$303.85
42,950 at 7.63%$304.15
42,950 at 7.64%$304.44
42,950 at 7.65%$304.74
42,950 at 7.66%$305.03
42,950 at 7.67%$305.33
42,950 at 7.68%$305.62
42,950 at 7.69%$305.92
42,950 at 7.7%$306.22
42,950 at 7.71%$306.51
42,950 at 7.72%$306.81
42,950 at 7.73%$307.11
42,950 at 7.74%$307.40
42,950 at 7.75%$307.70
42,950 at 7.76%$308.00
42,950 at 7.77%$308.29
42,950 at 7.78%$308.59
42,950 at 7.79%$308.89
42,950 at 7.8%$309.18
42,950 at 7.81%$309.48
42,950 at 7.82%$309.78
42,950 at 7.83%$310.08
42,950 at 7.84%$310.37
42,950 at 7.85%$310.67
42,950 at 7.86%$310.97
42,950 at 7.87%$311.27
42,950 at 7.88%$311.57
42,950 at 7.89%$311.86
42,950 at 7.9%$312.16
42,950 at 7.91%$312.46
42,950 at 7.92%$312.76
42,950 at 7.93%$313.06
42,950 at 7.94%$313.36
42,950 at 7.95%$313.66
42,950 at 7.96%$313.96
42,950 at 7.97%$314.25
42,950 at 7.98%$314.55
42,950 at 7.99%$314.85
42,950 at 8%$315.15
More Amounts
What is the down payment for a $42,950 house? How much do you need to put down?
Percent Down Down Payment
1%430
2%859
3%1,289
4%1,718
5%2,148
6%2,577
7%3,007
8%3,436
9%3,866
10%4,295
11%4,725
12%5,154
13%5,584
14%6,013
15%6,443
16%6,872
17%7,302
18%7,731
19%8,161
20%8,590
Percent Down Down Payment
21%9,020
22%9,449
23%9,879
24%10,308
25%10,738
26%11,167
27%11,597
28%12,026
29%12,456
30%12,885
31%13,315
32%13,744
33%14,174
34%14,603
35%15,033
36%15,462
37%15,892
38%16,321
39%16,751
40%17,180
Percent Down Down Payment
41%17,610
42%18,039
43%18,469
44%18,898
45%19,328
46%19,757
47%20,187
48%20,616
49%21,046
50%21,475
51%21,905
52%22,334
53%22,764
54%23,193
55%23,623
56%24,052
57%24,482
58%24,911
59%25,341
60%25,770
Percent Down Down Payment
61%26,200
62%26,629
63%27,059
64%27,488
65%27,918
66%28,347
67%28,777
68%29,206
69%29,636
70%30,065
71%30,495
72%30,924
73%31,354
74%31,783
75%32,213
76%32,642
77%33,072
78%33,501
79%33,931
80%34,360
Percent Down Down Payment
81%34,790
82%35,219
83%35,649
84%36,078
85%36,508
86%36,937
87%37,367
88%37,796
89%38,226
90%38,655
91%39,085
92%39,514
93%39,944
94%40,373
95%40,803
96%41,232
97%41,662
98%42,091
99%42,521
100%42,950
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.