$47,600 Mortgage for 30 Years

What is the monthly payment of a 47,600 dollar loan?
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Loan Tables for a $47,600 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 48k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $47,600 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
47,600 at 2.01%$176.18
47,600 at 2.02%$176.42
47,600 at 2.03%$176.65
47,600 at 2.04%$176.89
47,600 at 2.05%$177.13
47,600 at 2.06%$177.37
47,600 at 2.07%$177.61
47,600 at 2.08%$177.85
47,600 at 2.09%$178.09
47,600 at 2.1%$178.33
47,600 at 2.11%$178.57
47,600 at 2.12%$178.81
47,600 at 2.13%$179.05
47,600 at 2.14%$179.29
47,600 at 2.15%$179.53
47,600 at 2.16%$179.77
47,600 at 2.17%$180.01
47,600 at 2.18%$180.25
47,600 at 2.19%$180.50
47,600 at 2.2%$180.74
47,600 at 2.21%$180.98
47,600 at 2.22%$181.22
47,600 at 2.23%$181.46
47,600 at 2.24%$181.71
47,600 at 2.25%$181.95
47,600 at 2.26%$182.19
47,600 at 2.27%$182.44
47,600 at 2.28%$182.68
47,600 at 2.29%$182.92
47,600 at 2.3%$183.17
47,600 at 2.31%$183.41
47,600 at 2.32%$183.65
47,600 at 2.33%$183.90
47,600 at 2.34%$184.14
47,600 at 2.35%$184.39
47,600 at 2.36%$184.63
47,600 at 2.37%$184.88
47,600 at 2.38%$185.12
47,600 at 2.39%$185.37
47,600 at 2.4%$185.61
47,600 at 2.41%$185.86
47,600 at 2.42%$186.10
47,600 at 2.43%$186.35
47,600 at 2.44%$186.60
47,600 at 2.45%$186.84
47,600 at 2.46%$187.09
47,600 at 2.47%$187.34
47,600 at 2.48%$187.58
47,600 at 2.49%$187.83
47,600 at 2.5%$188.08
47,600 at 2.51%$188.33
47,600 at 2.52%$188.57
47,600 at 2.53%$188.82
47,600 at 2.54%$189.07
47,600 at 2.55%$189.32
47,600 at 2.56%$189.57
47,600 at 2.57%$189.81
47,600 at 2.58%$190.06
47,600 at 2.59%$190.31
47,600 at 2.6%$190.56
47,600 at 2.61%$190.81
47,600 at 2.62%$191.06
47,600 at 2.63%$191.31
47,600 at 2.64%$191.56
47,600 at 2.65%$191.81
47,600 at 2.66%$192.06
47,600 at 2.67%$192.31
47,600 at 2.68%$192.56
47,600 at 2.69%$192.81
47,600 at 2.7%$193.06
47,600 at 2.71%$193.32
47,600 at 2.72%$193.57
47,600 at 2.73%$193.82
47,600 at 2.74%$194.07
47,600 at 2.75%$194.32
47,600 at 2.76%$194.58
47,600 at 2.77%$194.83
47,600 at 2.78%$195.08
47,600 at 2.79%$195.33
47,600 at 2.8%$195.59
47,600 at 2.81%$195.84
47,600 at 2.82%$196.09
47,600 at 2.83%$196.35
47,600 at 2.84%$196.60
47,600 at 2.85%$196.85
47,600 at 2.86%$197.11
47,600 at 2.87%$197.36
47,600 at 2.88%$197.62
47,600 at 2.89%$197.87
47,600 at 2.9%$198.13
47,600 at 2.91%$198.38
47,600 at 2.92%$198.64
47,600 at 2.93%$198.89
47,600 at 2.94%$199.15
47,600 at 2.95%$199.40
47,600 at 2.96%$199.66
47,600 at 2.97%$199.91
47,600 at 2.98%$200.17
47,600 at 2.99%$200.43
47,600 at 3%$200.68
47,600 at 3.01%$200.94
47,600 at 3.02%$201.20
47,600 at 3.03%$201.45
47,600 at 3.04%$201.71
47,600 at 3.05%$201.97
47,600 at 3.06%$202.23
47,600 at 3.07%$202.49
47,600 at 3.08%$202.74
47,600 at 3.09%$203.00
47,600 at 3.1%$203.26
47,600 at 3.11%$203.52
47,600 at 3.12%$203.78
47,600 at 3.13%$204.04
47,600 at 3.14%$204.30
47,600 at 3.15%$204.55
47,600 at 3.16%$204.81
47,600 at 3.17%$205.07
47,600 at 3.18%$205.33
47,600 at 3.19%$205.59
47,600 at 3.2%$205.85
47,600 at 3.21%$206.11
47,600 at 3.22%$206.38
47,600 at 3.23%$206.64
47,600 at 3.24%$206.90
47,600 at 3.25%$207.16
47,600 at 3.26%$207.42
47,600 at 3.27%$207.68
47,600 at 3.28%$207.94
47,600 at 3.29%$208.20
47,600 at 3.3%$208.47
47,600 at 3.31%$208.73
47,600 at 3.32%$208.99
47,600 at 3.33%$209.25
47,600 at 3.34%$209.52
47,600 at 3.35%$209.78
47,600 at 3.36%$210.04
47,600 at 3.37%$210.31
47,600 at 3.38%$210.57
47,600 at 3.39%$210.83
47,600 at 3.4%$211.10
47,600 at 3.41%$211.36
47,600 at 3.42%$211.63
47,600 at 3.43%$211.89
47,600 at 3.44%$212.15
47,600 at 3.45%$212.42
47,600 at 3.46%$212.68
47,600 at 3.47%$212.95
47,600 at 3.48%$213.21
47,600 at 3.49%$213.48
47,600 at 3.5%$213.75
Interest Rate 30 Year
47,600 at 3.51%$214.01
47,600 at 3.52%$214.28
47,600 at 3.53%$214.54
47,600 at 3.54%$214.81
47,600 at 3.55%$215.08
47,600 at 3.56%$215.34
47,600 at 3.57%$215.61
47,600 at 3.58%$215.88
47,600 at 3.59%$216.14
47,600 at 3.6%$216.41
47,600 at 3.61%$216.68
47,600 at 3.62%$216.95
47,600 at 3.63%$217.21
47,600 at 3.64%$217.48
47,600 at 3.65%$217.75
47,600 at 3.66%$218.02
47,600 at 3.67%$218.29
47,600 at 3.68%$218.56
47,600 at 3.69%$218.83
47,600 at 3.7%$219.09
47,600 at 3.71%$219.36
47,600 at 3.72%$219.63
47,600 at 3.73%$219.90
47,600 at 3.74%$220.17
47,600 at 3.75%$220.44
47,600 at 3.76%$220.71
47,600 at 3.77%$220.98
47,600 at 3.78%$221.25
47,600 at 3.79%$221.52
47,600 at 3.8%$221.80
47,600 at 3.81%$222.07
47,600 at 3.82%$222.34
47,600 at 3.83%$222.61
47,600 at 3.84%$222.88
47,600 at 3.85%$223.15
47,600 at 3.86%$223.42
47,600 at 3.87%$223.70
47,600 at 3.88%$223.97
47,600 at 3.89%$224.24
47,600 at 3.9%$224.51
47,600 at 3.91%$224.79
47,600 at 3.92%$225.06
47,600 at 3.93%$225.33
47,600 at 3.94%$225.61
47,600 at 3.95%$225.88
47,600 at 3.96%$226.15
47,600 at 3.97%$226.43
47,600 at 3.98%$226.70
47,600 at 3.99%$226.98
47,600 at 4%$227.25
47,600 at 4.01%$227.52
47,600 at 4.02%$227.80
47,600 at 4.03%$228.07
47,600 at 4.04%$228.35
47,600 at 4.05%$228.62
47,600 at 4.06%$228.90
47,600 at 4.07%$229.17
47,600 at 4.08%$229.45
47,600 at 4.09%$229.73
47,600 at 4.1%$230.00
47,600 at 4.11%$230.28
47,600 at 4.12%$230.56
47,600 at 4.13%$230.83
47,600 at 4.14%$231.11
47,600 at 4.15%$231.39
47,600 at 4.16%$231.66
47,600 at 4.17%$231.94
47,600 at 4.18%$232.22
47,600 at 4.19%$232.49
47,600 at 4.2%$232.77
47,600 at 4.21%$233.05
47,600 at 4.22%$233.33
47,600 at 4.23%$233.61
47,600 at 4.24%$233.88
47,600 at 4.25%$234.16
47,600 at 4.26%$234.44
47,600 at 4.27%$234.72
47,600 at 4.28%$235.00
47,600 at 4.29%$235.28
47,600 at 4.3%$235.56
47,600 at 4.31%$235.84
47,600 at 4.32%$236.12
47,600 at 4.33%$236.40
47,600 at 4.34%$236.68
47,600 at 4.35%$236.96
47,600 at 4.36%$237.24
47,600 at 4.37%$237.52
47,600 at 4.38%$237.80
47,600 at 4.39%$238.08
47,600 at 4.4%$238.36
47,600 at 4.41%$238.64
47,600 at 4.42%$238.92
47,600 at 4.43%$239.21
47,600 at 4.44%$239.49
47,600 at 4.45%$239.77
47,600 at 4.46%$240.05
47,600 at 4.47%$240.33
47,600 at 4.48%$240.62
47,600 at 4.49%$240.90
47,600 at 4.5%$241.18
47,600 at 4.51%$241.47
47,600 at 4.52%$241.75
47,600 at 4.53%$242.03
47,600 at 4.54%$242.31
47,600 at 4.55%$242.60
47,600 at 4.56%$242.88
47,600 at 4.57%$243.17
47,600 at 4.58%$243.45
47,600 at 4.59%$243.73
47,600 at 4.6%$244.02
47,600 at 4.61%$244.30
47,600 at 4.62%$244.59
47,600 at 4.63%$244.87
47,600 at 4.64%$245.16
47,600 at 4.65%$245.44
47,600 at 4.66%$245.73
47,600 at 4.67%$246.01
47,600 at 4.68%$246.30
47,600 at 4.69%$246.59
47,600 at 4.7%$246.87
47,600 at 4.71%$247.16
47,600 at 4.72%$247.44
47,600 at 4.73%$247.73
47,600 at 4.74%$248.02
47,600 at 4.75%$248.30
47,600 at 4.76%$248.59
47,600 at 4.77%$248.88
47,600 at 4.78%$249.17
47,600 at 4.79%$249.45
47,600 at 4.8%$249.74
47,600 at 4.81%$250.03
47,600 at 4.82%$250.32
47,600 at 4.83%$250.60
47,600 at 4.84%$250.89
47,600 at 4.85%$251.18
47,600 at 4.86%$251.47
47,600 at 4.87%$251.76
47,600 at 4.88%$252.05
47,600 at 4.89%$252.34
47,600 at 4.9%$252.63
47,600 at 4.91%$252.92
47,600 at 4.92%$253.20
47,600 at 4.93%$253.49
47,600 at 4.94%$253.78
47,600 at 4.95%$254.07
47,600 at 4.96%$254.36
47,600 at 4.97%$254.66
47,600 at 4.98%$254.95
47,600 at 4.99%$255.24
47,600 at 5%$255.53
Interest Rate 30 Year
47,600 at 5.01%$255.82
47,600 at 5.02%$256.11
47,600 at 5.03%$256.40
47,600 at 5.04%$256.69
47,600 at 5.05%$256.98
47,600 at 5.06%$257.28
47,600 at 5.07%$257.57
47,600 at 5.08%$257.86
47,600 at 5.09%$258.15
47,600 at 5.1%$258.44
47,600 at 5.11%$258.74
47,600 at 5.12%$259.03
47,600 at 5.13%$259.32
47,600 at 5.14%$259.62
47,600 at 5.15%$259.91
47,600 at 5.16%$260.20
47,600 at 5.17%$260.50
47,600 at 5.18%$260.79
47,600 at 5.19%$261.08
47,600 at 5.2%$261.38
47,600 at 5.21%$261.67
47,600 at 5.22%$261.97
47,600 at 5.23%$262.26
47,600 at 5.24%$262.55
47,600 at 5.25%$262.85
47,600 at 5.26%$263.14
47,600 at 5.27%$263.44
47,600 at 5.28%$263.73
47,600 at 5.29%$264.03
47,600 at 5.3%$264.33
47,600 at 5.31%$264.62
47,600 at 5.32%$264.92
47,600 at 5.33%$265.21
47,600 at 5.34%$265.51
47,600 at 5.35%$265.80
47,600 at 5.36%$266.10
47,600 at 5.37%$266.40
47,600 at 5.38%$266.69
47,600 at 5.39%$266.99
47,600 at 5.4%$267.29
47,600 at 5.41%$267.59
47,600 at 5.42%$267.88
47,600 at 5.43%$268.18
47,600 at 5.44%$268.48
47,600 at 5.45%$268.78
47,600 at 5.46%$269.07
47,600 at 5.47%$269.37
47,600 at 5.48%$269.67
47,600 at 5.49%$269.97
47,600 at 5.5%$270.27
47,600 at 5.51%$270.57
47,600 at 5.52%$270.87
47,600 at 5.53%$271.16
47,600 at 5.54%$271.46
47,600 at 5.55%$271.76
47,600 at 5.56%$272.06
47,600 at 5.57%$272.36
47,600 at 5.58%$272.66
47,600 at 5.59%$272.96
47,600 at 5.6%$273.26
47,600 at 5.61%$273.56
47,600 at 5.62%$273.86
47,600 at 5.63%$274.16
47,600 at 5.64%$274.46
47,600 at 5.65%$274.76
47,600 at 5.66%$275.07
47,600 at 5.67%$275.37
47,600 at 5.68%$275.67
47,600 at 5.69%$275.97
47,600 at 5.7%$276.27
47,600 at 5.71%$276.57
47,600 at 5.72%$276.87
47,600 at 5.73%$277.18
47,600 at 5.74%$277.48
47,600 at 5.75%$277.78
47,600 at 5.76%$278.08
47,600 at 5.77%$278.39
47,600 at 5.78%$278.69
47,600 at 5.79%$278.99
47,600 at 5.8%$279.29
47,600 at 5.81%$279.60
47,600 at 5.82%$279.90
47,600 at 5.83%$280.20
47,600 at 5.84%$280.51
47,600 at 5.85%$280.81
47,600 at 5.86%$281.12
47,600 at 5.87%$281.42
47,600 at 5.88%$281.72
47,600 at 5.89%$282.03
47,600 at 5.9%$282.33
47,600 at 5.91%$282.64
47,600 at 5.92%$282.94
47,600 at 5.93%$283.25
47,600 at 5.94%$283.55
47,600 at 5.95%$283.86
47,600 at 5.96%$284.16
47,600 at 5.97%$284.47
47,600 at 5.98%$284.77
47,600 at 5.99%$285.08
47,600 at 6%$285.39
47,600 at 6.01%$285.69
47,600 at 6.02%$286.00
47,600 at 6.03%$286.30
47,600 at 6.04%$286.61
47,600 at 6.05%$286.92
47,600 at 6.06%$287.22
47,600 at 6.07%$287.53
47,600 at 6.08%$287.84
47,600 at 6.09%$288.15
47,600 at 6.1%$288.45
47,600 at 6.11%$288.76
47,600 at 6.12%$289.07
47,600 at 6.13%$289.38
47,600 at 6.14%$289.68
47,600 at 6.15%$289.99
47,600 at 6.16%$290.30
47,600 at 6.17%$290.61
47,600 at 6.18%$290.92
47,600 at 6.19%$291.23
47,600 at 6.2%$291.54
47,600 at 6.21%$291.84
47,600 at 6.22%$292.15
47,600 at 6.23%$292.46
47,600 at 6.24%$292.77
47,600 at 6.25%$293.08
47,600 at 6.26%$293.39
47,600 at 6.27%$293.70
47,600 at 6.28%$294.01
47,600 at 6.29%$294.32
47,600 at 6.3%$294.63
47,600 at 6.31%$294.94
47,600 at 6.32%$295.25
47,600 at 6.33%$295.56
47,600 at 6.34%$295.87
47,600 at 6.35%$296.18
47,600 at 6.36%$296.50
47,600 at 6.37%$296.81
47,600 at 6.38%$297.12
47,600 at 6.39%$297.43
47,600 at 6.4%$297.74
47,600 at 6.41%$298.05
47,600 at 6.42%$298.36
47,600 at 6.43%$298.68
47,600 at 6.44%$298.99
47,600 at 6.45%$299.30
47,600 at 6.46%$299.61
47,600 at 6.47%$299.93
47,600 at 6.48%$300.24
47,600 at 6.49%$300.55
47,600 at 6.5%$300.86
Interest Rate 30 Year
47,600 at 6.51%$301.18
47,600 at 6.52%$301.49
47,600 at 6.53%$301.80
47,600 at 6.54%$302.12
47,600 at 6.55%$302.43
47,600 at 6.56%$302.75
47,600 at 6.57%$303.06
47,600 at 6.58%$303.37
47,600 at 6.59%$303.69
47,600 at 6.6%$304.00
47,600 at 6.61%$304.32
47,600 at 6.62%$304.63
47,600 at 6.63%$304.95
47,600 at 6.64%$305.26
47,600 at 6.65%$305.58
47,600 at 6.66%$305.89
47,600 at 6.67%$306.21
47,600 at 6.68%$306.52
47,600 at 6.69%$306.84
47,600 at 6.7%$307.15
47,600 at 6.71%$307.47
47,600 at 6.72%$307.78
47,600 at 6.73%$308.10
47,600 at 6.74%$308.42
47,600 at 6.75%$308.73
47,600 at 6.76%$309.05
47,600 at 6.77%$309.37
47,600 at 6.78%$309.68
47,600 at 6.79%$310.00
47,600 at 6.8%$310.32
47,600 at 6.81%$310.63
47,600 at 6.82%$310.95
47,600 at 6.83%$311.27
47,600 at 6.84%$311.59
47,600 at 6.85%$311.90
47,600 at 6.86%$312.22
47,600 at 6.87%$312.54
47,600 at 6.88%$312.86
47,600 at 6.89%$313.18
47,600 at 6.9%$313.49
47,600 at 6.91%$313.81
47,600 at 6.92%$314.13
47,600 at 6.93%$314.45
47,600 at 6.94%$314.77
47,600 at 6.95%$315.09
47,600 at 6.96%$315.41
47,600 at 6.97%$315.73
47,600 at 6.98%$316.04
47,600 at 6.99%$316.36
47,600 at 7%$316.68
47,600 at 7.01%$317.00
47,600 at 7.02%$317.32
47,600 at 7.03%$317.64
47,600 at 7.04%$317.96
47,600 at 7.05%$318.28
47,600 at 7.06%$318.60
47,600 at 7.07%$318.92
47,600 at 7.08%$319.25
47,600 at 7.09%$319.57
47,600 at 7.1%$319.89
47,600 at 7.11%$320.21
47,600 at 7.12%$320.53
47,600 at 7.13%$320.85
47,600 at 7.14%$321.17
47,600 at 7.15%$321.49
47,600 at 7.16%$321.82
47,600 at 7.17%$322.14
47,600 at 7.18%$322.46
47,600 at 7.19%$322.78
47,600 at 7.2%$323.10
47,600 at 7.21%$323.43
47,600 at 7.22%$323.75
47,600 at 7.23%$324.07
47,600 at 7.24%$324.39
47,600 at 7.25%$324.72
47,600 at 7.26%$325.04
47,600 at 7.27%$325.36
47,600 at 7.28%$325.69
47,600 at 7.29%$326.01
47,600 at 7.3%$326.33
47,600 at 7.31%$326.66
47,600 at 7.32%$326.98
47,600 at 7.33%$327.30
47,600 at 7.34%$327.63
47,600 at 7.35%$327.95
47,600 at 7.36%$328.27
47,600 at 7.37%$328.60
47,600 at 7.38%$328.92
47,600 at 7.39%$329.25
47,600 at 7.4%$329.57
47,600 at 7.41%$329.90
47,600 at 7.42%$330.22
47,600 at 7.43%$330.55
47,600 at 7.44%$330.87
47,600 at 7.45%$331.20
47,600 at 7.46%$331.52
47,600 at 7.47%$331.85
47,600 at 7.48%$332.17
47,600 at 7.49%$332.50
47,600 at 7.5%$332.83
47,600 at 7.51%$333.15
47,600 at 7.52%$333.48
47,600 at 7.53%$333.80
47,600 at 7.54%$334.13
47,600 at 7.55%$334.46
47,600 at 7.56%$334.78
47,600 at 7.57%$335.11
47,600 at 7.58%$335.44
47,600 at 7.59%$335.76
47,600 at 7.6%$336.09
47,600 at 7.61%$336.42
47,600 at 7.62%$336.75
47,600 at 7.63%$337.07
47,600 at 7.64%$337.40
47,600 at 7.65%$337.73
47,600 at 7.66%$338.06
47,600 at 7.67%$338.38
47,600 at 7.68%$338.71
47,600 at 7.69%$339.04
47,600 at 7.7%$339.37
47,600 at 7.71%$339.70
47,600 at 7.72%$340.03
47,600 at 7.73%$340.35
47,600 at 7.74%$340.68
47,600 at 7.75%$341.01
47,600 at 7.76%$341.34
47,600 at 7.77%$341.67
47,600 at 7.78%$342.00
47,600 at 7.79%$342.33
47,600 at 7.8%$342.66
47,600 at 7.81%$342.99
47,600 at 7.82%$343.32
47,600 at 7.83%$343.65
47,600 at 7.84%$343.98
47,600 at 7.85%$344.31
47,600 at 7.86%$344.64
47,600 at 7.87%$344.97
47,600 at 7.88%$345.30
47,600 at 7.89%$345.63
47,600 at 7.9%$345.96
47,600 at 7.91%$346.29
47,600 at 7.92%$346.62
47,600 at 7.93%$346.95
47,600 at 7.94%$347.28
47,600 at 7.95%$347.61
47,600 at 7.96%$347.95
47,600 at 7.97%$348.28
47,600 at 7.98%$348.61
47,600 at 7.99%$348.94
47,600 at 8%$349.27
More Amounts
What is the down payment for a $47,600 house? How much do you need to put down?
Percent Down Down Payment
1%476
2%952
3%1,428
4%1,904
5%2,380
6%2,856
7%3,332
8%3,808
9%4,284
10%4,760
11%5,236
12%5,712
13%6,188
14%6,664
15%7,140
16%7,616
17%8,092
18%8,568
19%9,044
20%9,520
Percent Down Down Payment
21%9,996
22%10,472
23%10,948
24%11,424
25%11,900
26%12,376
27%12,852
28%13,328
29%13,804
30%14,280
31%14,756
32%15,232
33%15,708
34%16,184
35%16,660
36%17,136
37%17,612
38%18,088
39%18,564
40%19,040
Percent Down Down Payment
41%19,516
42%19,992
43%20,468
44%20,944
45%21,420
46%21,896
47%22,372
48%22,848
49%23,324
50%23,800
51%24,276
52%24,752
53%25,228
54%25,704
55%26,180
56%26,656
57%27,132
58%27,608
59%28,084
60%28,560
Percent Down Down Payment
61%29,036
62%29,512
63%29,988
64%30,464
65%30,940
66%31,416
67%31,892
68%32,368
69%32,844
70%33,320
71%33,796
72%34,272
73%34,748
74%35,224
75%35,700
76%36,176
77%36,652
78%37,128
79%37,604
80%38,080
Percent Down Down Payment
81%38,556
82%39,032
83%39,508
84%39,984
85%40,460
86%40,936
87%41,412
88%41,888
89%42,364
90%42,840
91%43,316
92%43,792
93%44,268
94%44,744
95%45,220
96%45,696
97%46,172
98%46,648
99%47,124
100%47,600
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.