$45,250 Mortgage for 30 Years

What is the monthly payment of a 45,250 dollar loan?
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Loan Tables for a $45,250 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 45k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $45,250 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
45,250 at 2.01%$167.48
45,250 at 2.02%$167.71
45,250 at 2.03%$167.93
45,250 at 2.04%$168.16
45,250 at 2.05%$168.39
45,250 at 2.06%$168.61
45,250 at 2.07%$168.84
45,250 at 2.08%$169.07
45,250 at 2.09%$169.30
45,250 at 2.1%$169.52
45,250 at 2.11%$169.75
45,250 at 2.12%$169.98
45,250 at 2.13%$170.21
45,250 at 2.14%$170.44
45,250 at 2.15%$170.67
45,250 at 2.16%$170.90
45,250 at 2.17%$171.13
45,250 at 2.18%$171.36
45,250 at 2.19%$171.58
45,250 at 2.2%$171.81
45,250 at 2.21%$172.04
45,250 at 2.22%$172.27
45,250 at 2.23%$172.51
45,250 at 2.24%$172.74
45,250 at 2.25%$172.97
45,250 at 2.26%$173.20
45,250 at 2.27%$173.43
45,250 at 2.28%$173.66
45,250 at 2.29%$173.89
45,250 at 2.3%$174.12
45,250 at 2.31%$174.35
45,250 at 2.32%$174.59
45,250 at 2.33%$174.82
45,250 at 2.34%$175.05
45,250 at 2.35%$175.28
45,250 at 2.36%$175.52
45,250 at 2.37%$175.75
45,250 at 2.38%$175.98
45,250 at 2.39%$176.22
45,250 at 2.4%$176.45
45,250 at 2.41%$176.68
45,250 at 2.42%$176.92
45,250 at 2.43%$177.15
45,250 at 2.44%$177.38
45,250 at 2.45%$177.62
45,250 at 2.46%$177.85
45,250 at 2.47%$178.09
45,250 at 2.48%$178.32
45,250 at 2.49%$178.56
45,250 at 2.5%$178.79
45,250 at 2.51%$179.03
45,250 at 2.52%$179.26
45,250 at 2.53%$179.50
45,250 at 2.54%$179.73
45,250 at 2.55%$179.97
45,250 at 2.56%$180.21
45,250 at 2.57%$180.44
45,250 at 2.58%$180.68
45,250 at 2.59%$180.92
45,250 at 2.6%$181.15
45,250 at 2.61%$181.39
45,250 at 2.62%$181.63
45,250 at 2.63%$181.87
45,250 at 2.64%$182.10
45,250 at 2.65%$182.34
45,250 at 2.66%$182.58
45,250 at 2.67%$182.82
45,250 at 2.68%$183.06
45,250 at 2.69%$183.29
45,250 at 2.7%$183.53
45,250 at 2.71%$183.77
45,250 at 2.72%$184.01
45,250 at 2.73%$184.25
45,250 at 2.74%$184.49
45,250 at 2.75%$184.73
45,250 at 2.76%$184.97
45,250 at 2.77%$185.21
45,250 at 2.78%$185.45
45,250 at 2.79%$185.69
45,250 at 2.8%$185.93
45,250 at 2.81%$186.17
45,250 at 2.82%$186.41
45,250 at 2.83%$186.65
45,250 at 2.84%$186.89
45,250 at 2.85%$187.13
45,250 at 2.86%$187.38
45,250 at 2.87%$187.62
45,250 at 2.88%$187.86
45,250 at 2.89%$188.10
45,250 at 2.9%$188.34
45,250 at 2.91%$188.59
45,250 at 2.92%$188.83
45,250 at 2.93%$189.07
45,250 at 2.94%$189.31
45,250 at 2.95%$189.56
45,250 at 2.96%$189.80
45,250 at 2.97%$190.04
45,250 at 2.98%$190.29
45,250 at 2.99%$190.53
45,250 at 3%$190.78
45,250 at 3.01%$191.02
45,250 at 3.02%$191.26
45,250 at 3.03%$191.51
45,250 at 3.04%$191.75
45,250 at 3.05%$192.00
45,250 at 3.06%$192.24
45,250 at 3.07%$192.49
45,250 at 3.08%$192.73
45,250 at 3.09%$192.98
45,250 at 3.1%$193.22
45,250 at 3.11%$193.47
45,250 at 3.12%$193.72
45,250 at 3.13%$193.96
45,250 at 3.14%$194.21
45,250 at 3.15%$194.46
45,250 at 3.16%$194.70
45,250 at 3.17%$194.95
45,250 at 3.18%$195.20
45,250 at 3.19%$195.44
45,250 at 3.2%$195.69
45,250 at 3.21%$195.94
45,250 at 3.22%$196.19
45,250 at 3.23%$196.43
45,250 at 3.24%$196.68
45,250 at 3.25%$196.93
45,250 at 3.26%$197.18
45,250 at 3.27%$197.43
45,250 at 3.28%$197.68
45,250 at 3.29%$197.93
45,250 at 3.3%$198.17
45,250 at 3.31%$198.42
45,250 at 3.32%$198.67
45,250 at 3.33%$198.92
45,250 at 3.34%$199.17
45,250 at 3.35%$199.42
45,250 at 3.36%$199.67
45,250 at 3.37%$199.92
45,250 at 3.38%$200.17
45,250 at 3.39%$200.42
45,250 at 3.4%$200.68
45,250 at 3.41%$200.93
45,250 at 3.42%$201.18
45,250 at 3.43%$201.43
45,250 at 3.44%$201.68
45,250 at 3.45%$201.93
45,250 at 3.46%$202.18
45,250 at 3.47%$202.44
45,250 at 3.48%$202.69
45,250 at 3.49%$202.94
45,250 at 3.5%$203.19
Interest Rate 30 Year
45,250 at 3.51%$203.45
45,250 at 3.52%$203.70
45,250 at 3.53%$203.95
45,250 at 3.54%$204.20
45,250 at 3.55%$204.46
45,250 at 3.56%$204.71
45,250 at 3.57%$204.96
45,250 at 3.58%$205.22
45,250 at 3.59%$205.47
45,250 at 3.6%$205.73
45,250 at 3.61%$205.98
45,250 at 3.62%$206.24
45,250 at 3.63%$206.49
45,250 at 3.64%$206.75
45,250 at 3.65%$207.00
45,250 at 3.66%$207.26
45,250 at 3.67%$207.51
45,250 at 3.68%$207.77
45,250 at 3.69%$208.02
45,250 at 3.7%$208.28
45,250 at 3.71%$208.53
45,250 at 3.72%$208.79
45,250 at 3.73%$209.05
45,250 at 3.74%$209.30
45,250 at 3.75%$209.56
45,250 at 3.76%$209.82
45,250 at 3.77%$210.07
45,250 at 3.78%$210.33
45,250 at 3.79%$210.59
45,250 at 3.8%$210.85
45,250 at 3.81%$211.10
45,250 at 3.82%$211.36
45,250 at 3.83%$211.62
45,250 at 3.84%$211.88
45,250 at 3.85%$212.14
45,250 at 3.86%$212.39
45,250 at 3.87%$212.65
45,250 at 3.88%$212.91
45,250 at 3.89%$213.17
45,250 at 3.9%$213.43
45,250 at 3.91%$213.69
45,250 at 3.92%$213.95
45,250 at 3.93%$214.21
45,250 at 3.94%$214.47
45,250 at 3.95%$214.73
45,250 at 3.96%$214.99
45,250 at 3.97%$215.25
45,250 at 3.98%$215.51
45,250 at 3.99%$215.77
45,250 at 4%$216.03
45,250 at 4.01%$216.29
45,250 at 4.02%$216.55
45,250 at 4.03%$216.81
45,250 at 4.04%$217.08
45,250 at 4.05%$217.34
45,250 at 4.06%$217.60
45,250 at 4.07%$217.86
45,250 at 4.08%$218.12
45,250 at 4.09%$218.38
45,250 at 4.1%$218.65
45,250 at 4.11%$218.91
45,250 at 4.12%$219.17
45,250 at 4.13%$219.44
45,250 at 4.14%$219.70
45,250 at 4.15%$219.96
45,250 at 4.16%$220.23
45,250 at 4.17%$220.49
45,250 at 4.18%$220.75
45,250 at 4.19%$221.02
45,250 at 4.2%$221.28
45,250 at 4.21%$221.54
45,250 at 4.22%$221.81
45,250 at 4.23%$222.07
45,250 at 4.24%$222.34
45,250 at 4.25%$222.60
45,250 at 4.26%$222.87
45,250 at 4.27%$223.13
45,250 at 4.28%$223.40
45,250 at 4.29%$223.66
45,250 at 4.3%$223.93
45,250 at 4.31%$224.20
45,250 at 4.32%$224.46
45,250 at 4.33%$224.73
45,250 at 4.34%$224.99
45,250 at 4.35%$225.26
45,250 at 4.36%$225.53
45,250 at 4.37%$225.79
45,250 at 4.38%$226.06
45,250 at 4.39%$226.33
45,250 at 4.4%$226.59
45,250 at 4.41%$226.86
45,250 at 4.42%$227.13
45,250 at 4.43%$227.40
45,250 at 4.44%$227.66
45,250 at 4.45%$227.93
45,250 at 4.46%$228.20
45,250 at 4.47%$228.47
45,250 at 4.48%$228.74
45,250 at 4.49%$229.01
45,250 at 4.5%$229.28
45,250 at 4.51%$229.54
45,250 at 4.52%$229.81
45,250 at 4.53%$230.08
45,250 at 4.54%$230.35
45,250 at 4.55%$230.62
45,250 at 4.56%$230.89
45,250 at 4.57%$231.16
45,250 at 4.58%$231.43
45,250 at 4.59%$231.70
45,250 at 4.6%$231.97
45,250 at 4.61%$232.24
45,250 at 4.62%$232.51
45,250 at 4.63%$232.78
45,250 at 4.64%$233.05
45,250 at 4.65%$233.33
45,250 at 4.66%$233.60
45,250 at 4.67%$233.87
45,250 at 4.68%$234.14
45,250 at 4.69%$234.41
45,250 at 4.7%$234.68
45,250 at 4.71%$234.96
45,250 at 4.72%$235.23
45,250 at 4.73%$235.50
45,250 at 4.74%$235.77
45,250 at 4.75%$236.05
45,250 at 4.76%$236.32
45,250 at 4.77%$236.59
45,250 at 4.78%$236.86
45,250 at 4.79%$237.14
45,250 at 4.8%$237.41
45,250 at 4.81%$237.68
45,250 at 4.82%$237.96
45,250 at 4.83%$238.23
45,250 at 4.84%$238.51
45,250 at 4.85%$238.78
45,250 at 4.86%$239.05
45,250 at 4.87%$239.33
45,250 at 4.88%$239.60
45,250 at 4.89%$239.88
45,250 at 4.9%$240.15
45,250 at 4.91%$240.43
45,250 at 4.92%$240.70
45,250 at 4.93%$240.98
45,250 at 4.94%$241.26
45,250 at 4.95%$241.53
45,250 at 4.96%$241.81
45,250 at 4.97%$242.08
45,250 at 4.98%$242.36
45,250 at 4.99%$242.64
45,250 at 5%$242.91
Interest Rate 30 Year
45,250 at 5.01%$243.19
45,250 at 5.02%$243.47
45,250 at 5.03%$243.74
45,250 at 5.04%$244.02
45,250 at 5.05%$244.30
45,250 at 5.06%$244.57
45,250 at 5.07%$244.85
45,250 at 5.08%$245.13
45,250 at 5.09%$245.41
45,250 at 5.1%$245.68
45,250 at 5.11%$245.96
45,250 at 5.12%$246.24
45,250 at 5.13%$246.52
45,250 at 5.14%$246.80
45,250 at 5.15%$247.08
45,250 at 5.16%$247.36
45,250 at 5.17%$247.63
45,250 at 5.18%$247.91
45,250 at 5.19%$248.19
45,250 at 5.2%$248.47
45,250 at 5.21%$248.75
45,250 at 5.22%$249.03
45,250 at 5.23%$249.31
45,250 at 5.24%$249.59
45,250 at 5.25%$249.87
45,250 at 5.26%$250.15
45,250 at 5.27%$250.43
45,250 at 5.28%$250.71
45,250 at 5.29%$250.99
45,250 at 5.3%$251.28
45,250 at 5.31%$251.56
45,250 at 5.32%$251.84
45,250 at 5.33%$252.12
45,250 at 5.34%$252.40
45,250 at 5.35%$252.68
45,250 at 5.36%$252.96
45,250 at 5.37%$253.25
45,250 at 5.38%$253.53
45,250 at 5.39%$253.81
45,250 at 5.4%$254.09
45,250 at 5.41%$254.38
45,250 at 5.42%$254.66
45,250 at 5.43%$254.94
45,250 at 5.44%$255.22
45,250 at 5.45%$255.51
45,250 at 5.46%$255.79
45,250 at 5.47%$256.07
45,250 at 5.48%$256.36
45,250 at 5.49%$256.64
45,250 at 5.5%$256.92
45,250 at 5.51%$257.21
45,250 at 5.52%$257.49
45,250 at 5.53%$257.78
45,250 at 5.54%$258.06
45,250 at 5.55%$258.35
45,250 at 5.56%$258.63
45,250 at 5.57%$258.92
45,250 at 5.58%$259.20
45,250 at 5.59%$259.49
45,250 at 5.6%$259.77
45,250 at 5.61%$260.06
45,250 at 5.62%$260.34
45,250 at 5.63%$260.63
45,250 at 5.64%$260.91
45,250 at 5.65%$261.20
45,250 at 5.66%$261.49
45,250 at 5.67%$261.77
45,250 at 5.68%$262.06
45,250 at 5.69%$262.34
45,250 at 5.7%$262.63
45,250 at 5.71%$262.92
45,250 at 5.72%$263.20
45,250 at 5.73%$263.49
45,250 at 5.74%$263.78
45,250 at 5.75%$264.07
45,250 at 5.76%$264.35
45,250 at 5.77%$264.64
45,250 at 5.78%$264.93
45,250 at 5.79%$265.22
45,250 at 5.8%$265.51
45,250 at 5.81%$265.79
45,250 at 5.82%$266.08
45,250 at 5.83%$266.37
45,250 at 5.84%$266.66
45,250 at 5.85%$266.95
45,250 at 5.86%$267.24
45,250 at 5.87%$267.53
45,250 at 5.88%$267.82
45,250 at 5.89%$268.10
45,250 at 5.9%$268.39
45,250 at 5.91%$268.68
45,250 at 5.92%$268.97
45,250 at 5.93%$269.26
45,250 at 5.94%$269.55
45,250 at 5.95%$269.84
45,250 at 5.96%$270.13
45,250 at 5.97%$270.42
45,250 at 5.98%$270.72
45,250 at 5.99%$271.01
45,250 at 6%$271.30
45,250 at 6.01%$271.59
45,250 at 6.02%$271.88
45,250 at 6.03%$272.17
45,250 at 6.04%$272.46
45,250 at 6.05%$272.75
45,250 at 6.06%$273.04
45,250 at 6.07%$273.34
45,250 at 6.08%$273.63
45,250 at 6.09%$273.92
45,250 at 6.1%$274.21
45,250 at 6.11%$274.50
45,250 at 6.12%$274.80
45,250 at 6.13%$275.09
45,250 at 6.14%$275.38
45,250 at 6.15%$275.68
45,250 at 6.16%$275.97
45,250 at 6.17%$276.26
45,250 at 6.18%$276.56
45,250 at 6.19%$276.85
45,250 at 6.2%$277.14
45,250 at 6.21%$277.44
45,250 at 6.22%$277.73
45,250 at 6.23%$278.02
45,250 at 6.24%$278.32
45,250 at 6.25%$278.61
45,250 at 6.26%$278.91
45,250 at 6.27%$279.20
45,250 at 6.28%$279.50
45,250 at 6.29%$279.79
45,250 at 6.3%$280.09
45,250 at 6.31%$280.38
45,250 at 6.32%$280.68
45,250 at 6.33%$280.97
45,250 at 6.34%$281.27
45,250 at 6.35%$281.56
45,250 at 6.36%$281.86
45,250 at 6.37%$282.15
45,250 at 6.38%$282.45
45,250 at 6.39%$282.75
45,250 at 6.4%$283.04
45,250 at 6.41%$283.34
45,250 at 6.42%$283.63
45,250 at 6.43%$283.93
45,250 at 6.44%$284.23
45,250 at 6.45%$284.52
45,250 at 6.46%$284.82
45,250 at 6.47%$285.12
45,250 at 6.48%$285.42
45,250 at 6.49%$285.71
45,250 at 6.5%$286.01
Interest Rate 30 Year
45,250 at 6.51%$286.31
45,250 at 6.52%$286.61
45,250 at 6.53%$286.90
45,250 at 6.54%$287.20
45,250 at 6.55%$287.50
45,250 at 6.56%$287.80
45,250 at 6.57%$288.10
45,250 at 6.58%$288.40
45,250 at 6.59%$288.69
45,250 at 6.6%$288.99
45,250 at 6.61%$289.29
45,250 at 6.62%$289.59
45,250 at 6.63%$289.89
45,250 at 6.64%$290.19
45,250 at 6.65%$290.49
45,250 at 6.66%$290.79
45,250 at 6.67%$291.09
45,250 at 6.68%$291.39
45,250 at 6.69%$291.69
45,250 at 6.7%$291.99
45,250 at 6.71%$292.29
45,250 at 6.72%$292.59
45,250 at 6.73%$292.89
45,250 at 6.74%$293.19
45,250 at 6.75%$293.49
45,250 at 6.76%$293.79
45,250 at 6.77%$294.09
45,250 at 6.78%$294.39
45,250 at 6.79%$294.69
45,250 at 6.8%$295.00
45,250 at 6.81%$295.30
45,250 at 6.82%$295.60
45,250 at 6.83%$295.90
45,250 at 6.84%$296.20
45,250 at 6.85%$296.50
45,250 at 6.86%$296.81
45,250 at 6.87%$297.11
45,250 at 6.88%$297.41
45,250 at 6.89%$297.71
45,250 at 6.9%$298.02
45,250 at 6.91%$298.32
45,250 at 6.92%$298.62
45,250 at 6.93%$298.93
45,250 at 6.94%$299.23
45,250 at 6.95%$299.53
45,250 at 6.96%$299.83
45,250 at 6.97%$300.14
45,250 at 6.98%$300.44
45,250 at 6.99%$300.75
45,250 at 7%$301.05
45,250 at 7.01%$301.35
45,250 at 7.02%$301.66
45,250 at 7.03%$301.96
45,250 at 7.04%$302.27
45,250 at 7.05%$302.57
45,250 at 7.06%$302.87
45,250 at 7.07%$303.18
45,250 at 7.08%$303.48
45,250 at 7.09%$303.79
45,250 at 7.1%$304.09
45,250 at 7.11%$304.40
45,250 at 7.12%$304.70
45,250 at 7.13%$305.01
45,250 at 7.14%$305.32
45,250 at 7.15%$305.62
45,250 at 7.16%$305.93
45,250 at 7.17%$306.23
45,250 at 7.18%$306.54
45,250 at 7.19%$306.85
45,250 at 7.2%$307.15
45,250 at 7.21%$307.46
45,250 at 7.22%$307.76
45,250 at 7.23%$308.07
45,250 at 7.24%$308.38
45,250 at 7.25%$308.68
45,250 at 7.26%$308.99
45,250 at 7.27%$309.30
45,250 at 7.28%$309.61
45,250 at 7.29%$309.91
45,250 at 7.3%$310.22
45,250 at 7.31%$310.53
45,250 at 7.32%$310.84
45,250 at 7.33%$311.14
45,250 at 7.34%$311.45
45,250 at 7.35%$311.76
45,250 at 7.36%$312.07
45,250 at 7.37%$312.38
45,250 at 7.38%$312.68
45,250 at 7.39%$312.99
45,250 at 7.4%$313.30
45,250 at 7.41%$313.61
45,250 at 7.42%$313.92
45,250 at 7.43%$314.23
45,250 at 7.44%$314.54
45,250 at 7.45%$314.85
45,250 at 7.46%$315.16
45,250 at 7.47%$315.47
45,250 at 7.48%$315.78
45,250 at 7.49%$316.08
45,250 at 7.5%$316.39
45,250 at 7.51%$316.70
45,250 at 7.52%$317.01
45,250 at 7.53%$317.32
45,250 at 7.54%$317.63
45,250 at 7.55%$317.95
45,250 at 7.56%$318.26
45,250 at 7.57%$318.57
45,250 at 7.58%$318.88
45,250 at 7.59%$319.19
45,250 at 7.6%$319.50
45,250 at 7.61%$319.81
45,250 at 7.62%$320.12
45,250 at 7.63%$320.43
45,250 at 7.64%$320.74
45,250 at 7.65%$321.06
45,250 at 7.66%$321.37
45,250 at 7.67%$321.68
45,250 at 7.68%$321.99
45,250 at 7.69%$322.30
45,250 at 7.7%$322.61
45,250 at 7.71%$322.93
45,250 at 7.72%$323.24
45,250 at 7.73%$323.55
45,250 at 7.74%$323.86
45,250 at 7.75%$324.18
45,250 at 7.76%$324.49
45,250 at 7.77%$324.80
45,250 at 7.78%$325.12
45,250 at 7.79%$325.43
45,250 at 7.8%$325.74
45,250 at 7.81%$326.05
45,250 at 7.82%$326.37
45,250 at 7.83%$326.68
45,250 at 7.84%$327.00
45,250 at 7.85%$327.31
45,250 at 7.86%$327.62
45,250 at 7.87%$327.94
45,250 at 7.88%$328.25
45,250 at 7.89%$328.57
45,250 at 7.9%$328.88
45,250 at 7.91%$329.19
45,250 at 7.92%$329.51
45,250 at 7.93%$329.82
45,250 at 7.94%$330.14
45,250 at 7.95%$330.45
45,250 at 7.96%$330.77
45,250 at 7.97%$331.08
45,250 at 7.98%$331.40
45,250 at 7.99%$331.71
45,250 at 8%$332.03
More Amounts
What is the down payment for a $45,250 house? How much do you need to put down?
Percent Down Down Payment
1%453
2%905
3%1,358
4%1,810
5%2,263
6%2,715
7%3,168
8%3,620
9%4,073
10%4,525
11%4,978
12%5,430
13%5,883
14%6,335
15%6,788
16%7,240
17%7,693
18%8,145
19%8,598
20%9,050
Percent Down Down Payment
21%9,503
22%9,955
23%10,408
24%10,860
25%11,313
26%11,765
27%12,218
28%12,670
29%13,123
30%13,575
31%14,028
32%14,480
33%14,933
34%15,385
35%15,838
36%16,290
37%16,743
38%17,195
39%17,648
40%18,100
Percent Down Down Payment
41%18,553
42%19,005
43%19,458
44%19,910
45%20,363
46%20,815
47%21,268
48%21,720
49%22,173
50%22,625
51%23,078
52%23,530
53%23,983
54%24,435
55%24,888
56%25,340
57%25,793
58%26,245
59%26,698
60%27,150
Percent Down Down Payment
61%27,603
62%28,055
63%28,508
64%28,960
65%29,413
66%29,865
67%30,318
68%30,770
69%31,223
70%31,675
71%32,128
72%32,580
73%33,033
74%33,485
75%33,938
76%34,390
77%34,843
78%35,295
79%35,748
80%36,200
Percent Down Down Payment
81%36,653
82%37,105
83%37,558
84%38,010
85%38,463
86%38,915
87%39,368
88%39,820
89%40,273
90%40,725
91%41,178
92%41,630
93%42,083
94%42,535
95%42,988
96%43,440
97%43,893
98%44,345
99%44,798
100%45,250
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.