$47,250 Mortgage for 30 Years

What is the monthly payment of a 47,250 dollar loan?
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Loan Tables for a $47,250 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 47k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $47,250 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
47,250 at 2.01%$174.88
47,250 at 2.02%$175.12
47,250 at 2.03%$175.35
47,250 at 2.04%$175.59
47,250 at 2.05%$175.83
47,250 at 2.06%$176.07
47,250 at 2.07%$176.30
47,250 at 2.08%$176.54
47,250 at 2.09%$176.78
47,250 at 2.1%$177.02
47,250 at 2.11%$177.26
47,250 at 2.12%$177.49
47,250 at 2.13%$177.73
47,250 at 2.14%$177.97
47,250 at 2.15%$178.21
47,250 at 2.16%$178.45
47,250 at 2.17%$178.69
47,250 at 2.18%$178.93
47,250 at 2.19%$179.17
47,250 at 2.2%$179.41
47,250 at 2.21%$179.65
47,250 at 2.22%$179.89
47,250 at 2.23%$180.13
47,250 at 2.24%$180.37
47,250 at 2.25%$180.61
47,250 at 2.26%$180.85
47,250 at 2.27%$181.09
47,250 at 2.28%$181.34
47,250 at 2.29%$181.58
47,250 at 2.3%$181.82
47,250 at 2.31%$182.06
47,250 at 2.32%$182.30
47,250 at 2.33%$182.55
47,250 at 2.34%$182.79
47,250 at 2.35%$183.03
47,250 at 2.36%$183.27
47,250 at 2.37%$183.52
47,250 at 2.38%$183.76
47,250 at 2.39%$184.00
47,250 at 2.4%$184.25
47,250 at 2.41%$184.49
47,250 at 2.42%$184.74
47,250 at 2.43%$184.98
47,250 at 2.44%$185.22
47,250 at 2.45%$185.47
47,250 at 2.46%$185.71
47,250 at 2.47%$185.96
47,250 at 2.48%$186.20
47,250 at 2.49%$186.45
47,250 at 2.5%$186.69
47,250 at 2.51%$186.94
47,250 at 2.52%$187.19
47,250 at 2.53%$187.43
47,250 at 2.54%$187.68
47,250 at 2.55%$187.93
47,250 at 2.56%$188.17
47,250 at 2.57%$188.42
47,250 at 2.58%$188.67
47,250 at 2.59%$188.91
47,250 at 2.6%$189.16
47,250 at 2.61%$189.41
47,250 at 2.62%$189.66
47,250 at 2.63%$189.90
47,250 at 2.64%$190.15
47,250 at 2.65%$190.40
47,250 at 2.66%$190.65
47,250 at 2.67%$190.90
47,250 at 2.68%$191.15
47,250 at 2.69%$191.40
47,250 at 2.7%$191.64
47,250 at 2.71%$191.89
47,250 at 2.72%$192.14
47,250 at 2.73%$192.39
47,250 at 2.74%$192.64
47,250 at 2.75%$192.89
47,250 at 2.76%$193.14
47,250 at 2.77%$193.39
47,250 at 2.78%$193.65
47,250 at 2.79%$193.90
47,250 at 2.8%$194.15
47,250 at 2.81%$194.40
47,250 at 2.82%$194.65
47,250 at 2.83%$194.90
47,250 at 2.84%$195.15
47,250 at 2.85%$195.41
47,250 at 2.86%$195.66
47,250 at 2.87%$195.91
47,250 at 2.88%$196.16
47,250 at 2.89%$196.42
47,250 at 2.9%$196.67
47,250 at 2.91%$196.92
47,250 at 2.92%$197.18
47,250 at 2.93%$197.43
47,250 at 2.94%$197.68
47,250 at 2.95%$197.94
47,250 at 2.96%$198.19
47,250 at 2.97%$198.44
47,250 at 2.98%$198.70
47,250 at 2.99%$198.95
47,250 at 3%$199.21
47,250 at 3.01%$199.46
47,250 at 3.02%$199.72
47,250 at 3.03%$199.97
47,250 at 3.04%$200.23
47,250 at 3.05%$200.48
47,250 at 3.06%$200.74
47,250 at 3.07%$201.00
47,250 at 3.08%$201.25
47,250 at 3.09%$201.51
47,250 at 3.1%$201.77
47,250 at 3.11%$202.02
47,250 at 3.12%$202.28
47,250 at 3.13%$202.54
47,250 at 3.14%$202.79
47,250 at 3.15%$203.05
47,250 at 3.16%$203.31
47,250 at 3.17%$203.57
47,250 at 3.18%$203.82
47,250 at 3.19%$204.08
47,250 at 3.2%$204.34
47,250 at 3.21%$204.60
47,250 at 3.22%$204.86
47,250 at 3.23%$205.12
47,250 at 3.24%$205.38
47,250 at 3.25%$205.63
47,250 at 3.26%$205.89
47,250 at 3.27%$206.15
47,250 at 3.28%$206.41
47,250 at 3.29%$206.67
47,250 at 3.3%$206.93
47,250 at 3.31%$207.19
47,250 at 3.32%$207.45
47,250 at 3.33%$207.72
47,250 at 3.34%$207.98
47,250 at 3.35%$208.24
47,250 at 3.36%$208.50
47,250 at 3.37%$208.76
47,250 at 3.38%$209.02
47,250 at 3.39%$209.28
47,250 at 3.4%$209.54
47,250 at 3.41%$209.81
47,250 at 3.42%$210.07
47,250 at 3.43%$210.33
47,250 at 3.44%$210.59
47,250 at 3.45%$210.86
47,250 at 3.46%$211.12
47,250 at 3.47%$211.38
47,250 at 3.48%$211.65
47,250 at 3.49%$211.91
47,250 at 3.5%$212.17
Interest Rate 30 Year
47,250 at 3.51%$212.44
47,250 at 3.52%$212.70
47,250 at 3.53%$212.97
47,250 at 3.54%$213.23
47,250 at 3.55%$213.49
47,250 at 3.56%$213.76
47,250 at 3.57%$214.02
47,250 at 3.58%$214.29
47,250 at 3.59%$214.55
47,250 at 3.6%$214.82
47,250 at 3.61%$215.09
47,250 at 3.62%$215.35
47,250 at 3.63%$215.62
47,250 at 3.64%$215.88
47,250 at 3.65%$216.15
47,250 at 3.66%$216.42
47,250 at 3.67%$216.68
47,250 at 3.68%$216.95
47,250 at 3.69%$217.22
47,250 at 3.7%$217.48
47,250 at 3.71%$217.75
47,250 at 3.72%$218.02
47,250 at 3.73%$218.29
47,250 at 3.74%$218.55
47,250 at 3.75%$218.82
47,250 at 3.76%$219.09
47,250 at 3.77%$219.36
47,250 at 3.78%$219.63
47,250 at 3.79%$219.90
47,250 at 3.8%$220.16
47,250 at 3.81%$220.43
47,250 at 3.82%$220.70
47,250 at 3.83%$220.97
47,250 at 3.84%$221.24
47,250 at 3.85%$221.51
47,250 at 3.86%$221.78
47,250 at 3.87%$222.05
47,250 at 3.88%$222.32
47,250 at 3.89%$222.59
47,250 at 3.9%$222.86
47,250 at 3.91%$223.13
47,250 at 3.92%$223.40
47,250 at 3.93%$223.68
47,250 at 3.94%$223.95
47,250 at 3.95%$224.22
47,250 at 3.96%$224.49
47,250 at 3.97%$224.76
47,250 at 3.98%$225.03
47,250 at 3.99%$225.31
47,250 at 4%$225.58
47,250 at 4.01%$225.85
47,250 at 4.02%$226.12
47,250 at 4.03%$226.40
47,250 at 4.04%$226.67
47,250 at 4.05%$226.94
47,250 at 4.06%$227.22
47,250 at 4.07%$227.49
47,250 at 4.08%$227.76
47,250 at 4.09%$228.04
47,250 at 4.1%$228.31
47,250 at 4.11%$228.59
47,250 at 4.12%$228.86
47,250 at 4.13%$229.13
47,250 at 4.14%$229.41
47,250 at 4.15%$229.68
47,250 at 4.16%$229.96
47,250 at 4.17%$230.23
47,250 at 4.18%$230.51
47,250 at 4.19%$230.78
47,250 at 4.2%$231.06
47,250 at 4.21%$231.34
47,250 at 4.22%$231.61
47,250 at 4.23%$231.89
47,250 at 4.24%$232.17
47,250 at 4.25%$232.44
47,250 at 4.26%$232.72
47,250 at 4.27%$233.00
47,250 at 4.28%$233.27
47,250 at 4.29%$233.55
47,250 at 4.3%$233.83
47,250 at 4.31%$234.10
47,250 at 4.32%$234.38
47,250 at 4.33%$234.66
47,250 at 4.34%$234.94
47,250 at 4.35%$235.22
47,250 at 4.36%$235.49
47,250 at 4.37%$235.77
47,250 at 4.38%$236.05
47,250 at 4.39%$236.33
47,250 at 4.4%$236.61
47,250 at 4.41%$236.89
47,250 at 4.42%$237.17
47,250 at 4.43%$237.45
47,250 at 4.44%$237.73
47,250 at 4.45%$238.01
47,250 at 4.46%$238.29
47,250 at 4.47%$238.57
47,250 at 4.48%$238.85
47,250 at 4.49%$239.13
47,250 at 4.5%$239.41
47,250 at 4.51%$239.69
47,250 at 4.52%$239.97
47,250 at 4.53%$240.25
47,250 at 4.54%$240.53
47,250 at 4.55%$240.81
47,250 at 4.56%$241.10
47,250 at 4.57%$241.38
47,250 at 4.58%$241.66
47,250 at 4.59%$241.94
47,250 at 4.6%$242.22
47,250 at 4.61%$242.51
47,250 at 4.62%$242.79
47,250 at 4.63%$243.07
47,250 at 4.64%$243.36
47,250 at 4.65%$243.64
47,250 at 4.66%$243.92
47,250 at 4.67%$244.21
47,250 at 4.68%$244.49
47,250 at 4.69%$244.77
47,250 at 4.7%$245.06
47,250 at 4.71%$245.34
47,250 at 4.72%$245.62
47,250 at 4.73%$245.91
47,250 at 4.74%$246.19
47,250 at 4.75%$246.48
47,250 at 4.76%$246.76
47,250 at 4.77%$247.05
47,250 at 4.78%$247.33
47,250 at 4.79%$247.62
47,250 at 4.8%$247.90
47,250 at 4.81%$248.19
47,250 at 4.82%$248.48
47,250 at 4.83%$248.76
47,250 at 4.84%$249.05
47,250 at 4.85%$249.33
47,250 at 4.86%$249.62
47,250 at 4.87%$249.91
47,250 at 4.88%$250.19
47,250 at 4.89%$250.48
47,250 at 4.9%$250.77
47,250 at 4.91%$251.06
47,250 at 4.92%$251.34
47,250 at 4.93%$251.63
47,250 at 4.94%$251.92
47,250 at 4.95%$252.21
47,250 at 4.96%$252.49
47,250 at 4.97%$252.78
47,250 at 4.98%$253.07
47,250 at 4.99%$253.36
47,250 at 5%$253.65
Interest Rate 30 Year
47,250 at 5.01%$253.94
47,250 at 5.02%$254.23
47,250 at 5.03%$254.52
47,250 at 5.04%$254.80
47,250 at 5.05%$255.09
47,250 at 5.06%$255.38
47,250 at 5.07%$255.67
47,250 at 5.08%$255.96
47,250 at 5.09%$256.25
47,250 at 5.1%$256.54
47,250 at 5.11%$256.83
47,250 at 5.12%$257.12
47,250 at 5.13%$257.42
47,250 at 5.14%$257.71
47,250 at 5.15%$258.00
47,250 at 5.16%$258.29
47,250 at 5.17%$258.58
47,250 at 5.18%$258.87
47,250 at 5.19%$259.16
47,250 at 5.2%$259.45
47,250 at 5.21%$259.75
47,250 at 5.22%$260.04
47,250 at 5.23%$260.33
47,250 at 5.24%$260.62
47,250 at 5.25%$260.92
47,250 at 5.26%$261.21
47,250 at 5.27%$261.50
47,250 at 5.28%$261.79
47,250 at 5.29%$262.09
47,250 at 5.3%$262.38
47,250 at 5.31%$262.67
47,250 at 5.32%$262.97
47,250 at 5.33%$263.26
47,250 at 5.34%$263.56
47,250 at 5.35%$263.85
47,250 at 5.36%$264.14
47,250 at 5.37%$264.44
47,250 at 5.38%$264.73
47,250 at 5.39%$265.03
47,250 at 5.4%$265.32
47,250 at 5.41%$265.62
47,250 at 5.42%$265.91
47,250 at 5.43%$266.21
47,250 at 5.44%$266.50
47,250 at 5.45%$266.80
47,250 at 5.46%$267.10
47,250 at 5.47%$267.39
47,250 at 5.48%$267.69
47,250 at 5.49%$267.98
47,250 at 5.5%$268.28
47,250 at 5.51%$268.58
47,250 at 5.52%$268.87
47,250 at 5.53%$269.17
47,250 at 5.54%$269.47
47,250 at 5.55%$269.76
47,250 at 5.56%$270.06
47,250 at 5.57%$270.36
47,250 at 5.58%$270.66
47,250 at 5.59%$270.95
47,250 at 5.6%$271.25
47,250 at 5.61%$271.55
47,250 at 5.62%$271.85
47,250 at 5.63%$272.15
47,250 at 5.64%$272.45
47,250 at 5.65%$272.74
47,250 at 5.66%$273.04
47,250 at 5.67%$273.34
47,250 at 5.68%$273.64
47,250 at 5.69%$273.94
47,250 at 5.7%$274.24
47,250 at 5.71%$274.54
47,250 at 5.72%$274.84
47,250 at 5.73%$275.14
47,250 at 5.74%$275.44
47,250 at 5.75%$275.74
47,250 at 5.76%$276.04
47,250 at 5.77%$276.34
47,250 at 5.78%$276.64
47,250 at 5.79%$276.94
47,250 at 5.8%$277.24
47,250 at 5.81%$277.54
47,250 at 5.82%$277.84
47,250 at 5.83%$278.14
47,250 at 5.84%$278.45
47,250 at 5.85%$278.75
47,250 at 5.86%$279.05
47,250 at 5.87%$279.35
47,250 at 5.88%$279.65
47,250 at 5.89%$279.95
47,250 at 5.9%$280.26
47,250 at 5.91%$280.56
47,250 at 5.92%$280.86
47,250 at 5.93%$281.16
47,250 at 5.94%$281.47
47,250 at 5.95%$281.77
47,250 at 5.96%$282.07
47,250 at 5.97%$282.38
47,250 at 5.98%$282.68
47,250 at 5.99%$282.98
47,250 at 6%$283.29
47,250 at 6.01%$283.59
47,250 at 6.02%$283.90
47,250 at 6.03%$284.20
47,250 at 6.04%$284.50
47,250 at 6.05%$284.81
47,250 at 6.06%$285.11
47,250 at 6.07%$285.42
47,250 at 6.08%$285.72
47,250 at 6.09%$286.03
47,250 at 6.1%$286.33
47,250 at 6.11%$286.64
47,250 at 6.12%$286.94
47,250 at 6.13%$287.25
47,250 at 6.14%$287.55
47,250 at 6.15%$287.86
47,250 at 6.16%$288.17
47,250 at 6.17%$288.47
47,250 at 6.18%$288.78
47,250 at 6.19%$289.09
47,250 at 6.2%$289.39
47,250 at 6.21%$289.70
47,250 at 6.22%$290.01
47,250 at 6.23%$290.31
47,250 at 6.24%$290.62
47,250 at 6.25%$290.93
47,250 at 6.26%$291.23
47,250 at 6.27%$291.54
47,250 at 6.28%$291.85
47,250 at 6.29%$292.16
47,250 at 6.3%$292.46
47,250 at 6.31%$292.77
47,250 at 6.32%$293.08
47,250 at 6.33%$293.39
47,250 at 6.34%$293.70
47,250 at 6.35%$294.01
47,250 at 6.36%$294.32
47,250 at 6.37%$294.62
47,250 at 6.38%$294.93
47,250 at 6.39%$295.24
47,250 at 6.4%$295.55
47,250 at 6.41%$295.86
47,250 at 6.42%$296.17
47,250 at 6.43%$296.48
47,250 at 6.44%$296.79
47,250 at 6.45%$297.10
47,250 at 6.46%$297.41
47,250 at 6.47%$297.72
47,250 at 6.48%$298.03
47,250 at 6.49%$298.34
47,250 at 6.5%$298.65
Interest Rate 30 Year
47,250 at 6.51%$298.96
47,250 at 6.52%$299.27
47,250 at 6.53%$299.58
47,250 at 6.54%$299.90
47,250 at 6.55%$300.21
47,250 at 6.56%$300.52
47,250 at 6.57%$300.83
47,250 at 6.58%$301.14
47,250 at 6.59%$301.45
47,250 at 6.6%$301.77
47,250 at 6.61%$302.08
47,250 at 6.62%$302.39
47,250 at 6.63%$302.70
47,250 at 6.64%$303.02
47,250 at 6.65%$303.33
47,250 at 6.66%$303.64
47,250 at 6.67%$303.95
47,250 at 6.68%$304.27
47,250 at 6.69%$304.58
47,250 at 6.7%$304.89
47,250 at 6.71%$305.21
47,250 at 6.72%$305.52
47,250 at 6.73%$305.83
47,250 at 6.74%$306.15
47,250 at 6.75%$306.46
47,250 at 6.76%$306.78
47,250 at 6.77%$307.09
47,250 at 6.78%$307.41
47,250 at 6.79%$307.72
47,250 at 6.8%$308.03
47,250 at 6.81%$308.35
47,250 at 6.82%$308.66
47,250 at 6.83%$308.98
47,250 at 6.84%$309.29
47,250 at 6.85%$309.61
47,250 at 6.86%$309.93
47,250 at 6.87%$310.24
47,250 at 6.88%$310.56
47,250 at 6.89%$310.87
47,250 at 6.9%$311.19
47,250 at 6.91%$311.50
47,250 at 6.92%$311.82
47,250 at 6.93%$312.14
47,250 at 6.94%$312.45
47,250 at 6.95%$312.77
47,250 at 6.96%$313.09
47,250 at 6.97%$313.40
47,250 at 6.98%$313.72
47,250 at 6.99%$314.04
47,250 at 7%$314.36
47,250 at 7.01%$314.67
47,250 at 7.02%$314.99
47,250 at 7.03%$315.31
47,250 at 7.04%$315.63
47,250 at 7.05%$315.94
47,250 at 7.06%$316.26
47,250 at 7.07%$316.58
47,250 at 7.08%$316.90
47,250 at 7.09%$317.22
47,250 at 7.1%$317.54
47,250 at 7.11%$317.85
47,250 at 7.12%$318.17
47,250 at 7.13%$318.49
47,250 at 7.14%$318.81
47,250 at 7.15%$319.13
47,250 at 7.16%$319.45
47,250 at 7.17%$319.77
47,250 at 7.18%$320.09
47,250 at 7.19%$320.41
47,250 at 7.2%$320.73
47,250 at 7.21%$321.05
47,250 at 7.22%$321.37
47,250 at 7.23%$321.69
47,250 at 7.24%$322.01
47,250 at 7.25%$322.33
47,250 at 7.26%$322.65
47,250 at 7.27%$322.97
47,250 at 7.28%$323.29
47,250 at 7.29%$323.61
47,250 at 7.3%$323.93
47,250 at 7.31%$324.25
47,250 at 7.32%$324.57
47,250 at 7.33%$324.90
47,250 at 7.34%$325.22
47,250 at 7.35%$325.54
47,250 at 7.36%$325.86
47,250 at 7.37%$326.18
47,250 at 7.38%$326.51
47,250 at 7.39%$326.83
47,250 at 7.4%$327.15
47,250 at 7.41%$327.47
47,250 at 7.42%$327.79
47,250 at 7.43%$328.12
47,250 at 7.44%$328.44
47,250 at 7.45%$328.76
47,250 at 7.46%$329.09
47,250 at 7.47%$329.41
47,250 at 7.48%$329.73
47,250 at 7.49%$330.06
47,250 at 7.5%$330.38
47,250 at 7.51%$330.70
47,250 at 7.52%$331.03
47,250 at 7.53%$331.35
47,250 at 7.54%$331.67
47,250 at 7.55%$332.00
47,250 at 7.56%$332.32
47,250 at 7.57%$332.65
47,250 at 7.58%$332.97
47,250 at 7.59%$333.30
47,250 at 7.6%$333.62
47,250 at 7.61%$333.95
47,250 at 7.62%$334.27
47,250 at 7.63%$334.60
47,250 at 7.64%$334.92
47,250 at 7.65%$335.25
47,250 at 7.66%$335.57
47,250 at 7.67%$335.90
47,250 at 7.68%$336.22
47,250 at 7.69%$336.55
47,250 at 7.7%$336.87
47,250 at 7.71%$337.20
47,250 at 7.72%$337.53
47,250 at 7.73%$337.85
47,250 at 7.74%$338.18
47,250 at 7.75%$338.50
47,250 at 7.76%$338.83
47,250 at 7.77%$339.16
47,250 at 7.78%$339.48
47,250 at 7.79%$339.81
47,250 at 7.8%$340.14
47,250 at 7.81%$340.47
47,250 at 7.82%$340.79
47,250 at 7.83%$341.12
47,250 at 7.84%$341.45
47,250 at 7.85%$341.78
47,250 at 7.86%$342.10
47,250 at 7.87%$342.43
47,250 at 7.88%$342.76
47,250 at 7.89%$343.09
47,250 at 7.9%$343.42
47,250 at 7.91%$343.74
47,250 at 7.92%$344.07
47,250 at 7.93%$344.40
47,250 at 7.94%$344.73
47,250 at 7.95%$345.06
47,250 at 7.96%$345.39
47,250 at 7.97%$345.72
47,250 at 7.98%$346.05
47,250 at 7.99%$346.37
47,250 at 8%$346.70
More Amounts
What is the down payment for a $47,250 house? How much do you need to put down?
Percent Down Down Payment
1%473
2%945
3%1,418
4%1,890
5%2,363
6%2,835
7%3,308
8%3,780
9%4,253
10%4,725
11%5,198
12%5,670
13%6,143
14%6,615
15%7,088
16%7,560
17%8,033
18%8,505
19%8,978
20%9,450
Percent Down Down Payment
21%9,923
22%10,395
23%10,868
24%11,340
25%11,813
26%12,285
27%12,758
28%13,230
29%13,703
30%14,175
31%14,648
32%15,120
33%15,593
34%16,065
35%16,538
36%17,010
37%17,483
38%17,955
39%18,428
40%18,900
Percent Down Down Payment
41%19,373
42%19,845
43%20,318
44%20,790
45%21,263
46%21,735
47%22,208
48%22,680
49%23,153
50%23,625
51%24,098
52%24,570
53%25,043
54%25,515
55%25,988
56%26,460
57%26,933
58%27,405
59%27,878
60%28,350
Percent Down Down Payment
61%28,823
62%29,295
63%29,768
64%30,240
65%30,713
66%31,185
67%31,658
68%32,130
69%32,603
70%33,075
71%33,548
72%34,020
73%34,493
74%34,965
75%35,438
76%35,910
77%36,383
78%36,855
79%37,328
80%37,800
Percent Down Down Payment
81%38,273
82%38,745
83%39,218
84%39,690
85%40,163
86%40,635
87%41,108
88%41,580
89%42,053
90%42,525
91%42,998
92%43,470
93%43,943
94%44,415
95%44,888
96%45,360
97%45,833
98%46,305
99%46,778
100%47,250
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.