$47,850 Mortgage for 30 Years

What is the monthly payment of a 47,850 dollar loan?
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Loan Tables for a $47,850 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 $47,850 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
47,850 at 2.01%$177.10
47,850 at 2.02%$177.34
47,850 at 2.03%$177.58
47,850 at 2.04%$177.82
47,850 at 2.05%$178.06
47,850 at 2.06%$178.30
47,850 at 2.07%$178.54
47,850 at 2.08%$178.78
47,850 at 2.09%$179.02
47,850 at 2.1%$179.27
47,850 at 2.11%$179.51
47,850 at 2.12%$179.75
47,850 at 2.13%$179.99
47,850 at 2.14%$180.23
47,850 at 2.15%$180.47
47,850 at 2.16%$180.72
47,850 at 2.17%$180.96
47,850 at 2.18%$181.20
47,850 at 2.19%$181.44
47,850 at 2.2%$181.69
47,850 at 2.21%$181.93
47,850 at 2.22%$182.17
47,850 at 2.23%$182.42
47,850 at 2.24%$182.66
47,850 at 2.25%$182.90
47,850 at 2.26%$183.15
47,850 at 2.27%$183.39
47,850 at 2.28%$183.64
47,850 at 2.29%$183.88
47,850 at 2.3%$184.13
47,850 at 2.31%$184.37
47,850 at 2.32%$184.62
47,850 at 2.33%$184.86
47,850 at 2.34%$185.11
47,850 at 2.35%$185.35
47,850 at 2.36%$185.60
47,850 at 2.37%$185.85
47,850 at 2.38%$186.09
47,850 at 2.39%$186.34
47,850 at 2.4%$186.59
47,850 at 2.41%$186.83
47,850 at 2.42%$187.08
47,850 at 2.43%$187.33
47,850 at 2.44%$187.58
47,850 at 2.45%$187.82
47,850 at 2.46%$188.07
47,850 at 2.47%$188.32
47,850 at 2.48%$188.57
47,850 at 2.49%$188.82
47,850 at 2.5%$189.07
47,850 at 2.51%$189.31
47,850 at 2.52%$189.56
47,850 at 2.53%$189.81
47,850 at 2.54%$190.06
47,850 at 2.55%$190.31
47,850 at 2.56%$190.56
47,850 at 2.57%$190.81
47,850 at 2.58%$191.06
47,850 at 2.59%$191.31
47,850 at 2.6%$191.56
47,850 at 2.61%$191.81
47,850 at 2.62%$192.06
47,850 at 2.63%$192.32
47,850 at 2.64%$192.57
47,850 at 2.65%$192.82
47,850 at 2.66%$193.07
47,850 at 2.67%$193.32
47,850 at 2.68%$193.57
47,850 at 2.69%$193.83
47,850 at 2.7%$194.08
47,850 at 2.71%$194.33
47,850 at 2.72%$194.58
47,850 at 2.73%$194.84
47,850 at 2.74%$195.09
47,850 at 2.75%$195.34
47,850 at 2.76%$195.60
47,850 at 2.77%$195.85
47,850 at 2.78%$196.10
47,850 at 2.79%$196.36
47,850 at 2.8%$196.61
47,850 at 2.81%$196.87
47,850 at 2.82%$197.12
47,850 at 2.83%$197.38
47,850 at 2.84%$197.63
47,850 at 2.85%$197.89
47,850 at 2.86%$198.14
47,850 at 2.87%$198.40
47,850 at 2.88%$198.65
47,850 at 2.89%$198.91
47,850 at 2.9%$199.17
47,850 at 2.91%$199.42
47,850 at 2.92%$199.68
47,850 at 2.93%$199.94
47,850 at 2.94%$200.19
47,850 at 2.95%$200.45
47,850 at 2.96%$200.71
47,850 at 2.97%$200.96
47,850 at 2.98%$201.22
47,850 at 2.99%$201.48
47,850 at 3%$201.74
47,850 at 3.01%$202.00
47,850 at 3.02%$202.25
47,850 at 3.03%$202.51
47,850 at 3.04%$202.77
47,850 at 3.05%$203.03
47,850 at 3.06%$203.29
47,850 at 3.07%$203.55
47,850 at 3.08%$203.81
47,850 at 3.09%$204.07
47,850 at 3.1%$204.33
47,850 at 3.11%$204.59
47,850 at 3.12%$204.85
47,850 at 3.13%$205.11
47,850 at 3.14%$205.37
47,850 at 3.15%$205.63
47,850 at 3.16%$205.89
47,850 at 3.17%$206.15
47,850 at 3.18%$206.41
47,850 at 3.19%$206.67
47,850 at 3.2%$206.94
47,850 at 3.21%$207.20
47,850 at 3.22%$207.46
47,850 at 3.23%$207.72
47,850 at 3.24%$207.98
47,850 at 3.25%$208.25
47,850 at 3.26%$208.51
47,850 at 3.27%$208.77
47,850 at 3.28%$209.03
47,850 at 3.29%$209.30
47,850 at 3.3%$209.56
47,850 at 3.31%$209.83
47,850 at 3.32%$210.09
47,850 at 3.33%$210.35
47,850 at 3.34%$210.62
47,850 at 3.35%$210.88
47,850 at 3.36%$211.15
47,850 at 3.37%$211.41
47,850 at 3.38%$211.68
47,850 at 3.39%$211.94
47,850 at 3.4%$212.21
47,850 at 3.41%$212.47
47,850 at 3.42%$212.74
47,850 at 3.43%$213.00
47,850 at 3.44%$213.27
47,850 at 3.45%$213.53
47,850 at 3.46%$213.80
47,850 at 3.47%$214.07
47,850 at 3.48%$214.33
47,850 at 3.49%$214.60
47,850 at 3.5%$214.87
Interest Rate 30 Year
47,850 at 3.51%$215.14
47,850 at 3.52%$215.40
47,850 at 3.53%$215.67
47,850 at 3.54%$215.94
47,850 at 3.55%$216.21
47,850 at 3.56%$216.47
47,850 at 3.57%$216.74
47,850 at 3.58%$217.01
47,850 at 3.59%$217.28
47,850 at 3.6%$217.55
47,850 at 3.61%$217.82
47,850 at 3.62%$218.09
47,850 at 3.63%$218.36
47,850 at 3.64%$218.62
47,850 at 3.65%$218.89
47,850 at 3.66%$219.16
47,850 at 3.67%$219.43
47,850 at 3.68%$219.70
47,850 at 3.69%$219.97
47,850 at 3.7%$220.25
47,850 at 3.71%$220.52
47,850 at 3.72%$220.79
47,850 at 3.73%$221.06
47,850 at 3.74%$221.33
47,850 at 3.75%$221.60
47,850 at 3.76%$221.87
47,850 at 3.77%$222.14
47,850 at 3.78%$222.42
47,850 at 3.79%$222.69
47,850 at 3.8%$222.96
47,850 at 3.81%$223.23
47,850 at 3.82%$223.51
47,850 at 3.83%$223.78
47,850 at 3.84%$224.05
47,850 at 3.85%$224.32
47,850 at 3.86%$224.60
47,850 at 3.87%$224.87
47,850 at 3.88%$225.15
47,850 at 3.89%$225.42
47,850 at 3.9%$225.69
47,850 at 3.91%$225.97
47,850 at 3.92%$226.24
47,850 at 3.93%$226.52
47,850 at 3.94%$226.79
47,850 at 3.95%$227.07
47,850 at 3.96%$227.34
47,850 at 3.97%$227.62
47,850 at 3.98%$227.89
47,850 at 3.99%$228.17
47,850 at 4%$228.44
47,850 at 4.01%$228.72
47,850 at 4.02%$229.00
47,850 at 4.03%$229.27
47,850 at 4.04%$229.55
47,850 at 4.05%$229.82
47,850 at 4.06%$230.10
47,850 at 4.07%$230.38
47,850 at 4.08%$230.66
47,850 at 4.09%$230.93
47,850 at 4.1%$231.21
47,850 at 4.11%$231.49
47,850 at 4.12%$231.77
47,850 at 4.13%$232.04
47,850 at 4.14%$232.32
47,850 at 4.15%$232.60
47,850 at 4.16%$232.88
47,850 at 4.17%$233.16
47,850 at 4.18%$233.44
47,850 at 4.19%$233.72
47,850 at 4.2%$233.99
47,850 at 4.21%$234.27
47,850 at 4.22%$234.55
47,850 at 4.23%$234.83
47,850 at 4.24%$235.11
47,850 at 4.25%$235.39
47,850 at 4.26%$235.67
47,850 at 4.27%$235.95
47,850 at 4.28%$236.23
47,850 at 4.29%$236.52
47,850 at 4.3%$236.80
47,850 at 4.31%$237.08
47,850 at 4.32%$237.36
47,850 at 4.33%$237.64
47,850 at 4.34%$237.92
47,850 at 4.35%$238.20
47,850 at 4.36%$238.48
47,850 at 4.37%$238.77
47,850 at 4.38%$239.05
47,850 at 4.39%$239.33
47,850 at 4.4%$239.61
47,850 at 4.41%$239.90
47,850 at 4.42%$240.18
47,850 at 4.43%$240.46
47,850 at 4.44%$240.75
47,850 at 4.45%$241.03
47,850 at 4.46%$241.31
47,850 at 4.47%$241.60
47,850 at 4.48%$241.88
47,850 at 4.49%$242.16
47,850 at 4.5%$242.45
47,850 at 4.51%$242.73
47,850 at 4.52%$243.02
47,850 at 4.53%$243.30
47,850 at 4.54%$243.59
47,850 at 4.55%$243.87
47,850 at 4.56%$244.16
47,850 at 4.57%$244.44
47,850 at 4.58%$244.73
47,850 at 4.59%$245.01
47,850 at 4.6%$245.30
47,850 at 4.61%$245.59
47,850 at 4.62%$245.87
47,850 at 4.63%$246.16
47,850 at 4.64%$246.45
47,850 at 4.65%$246.73
47,850 at 4.66%$247.02
47,850 at 4.67%$247.31
47,850 at 4.68%$247.59
47,850 at 4.69%$247.88
47,850 at 4.7%$248.17
47,850 at 4.71%$248.46
47,850 at 4.72%$248.74
47,850 at 4.73%$249.03
47,850 at 4.74%$249.32
47,850 at 4.75%$249.61
47,850 at 4.76%$249.90
47,850 at 4.77%$250.19
47,850 at 4.78%$250.47
47,850 at 4.79%$250.76
47,850 at 4.8%$251.05
47,850 at 4.81%$251.34
47,850 at 4.82%$251.63
47,850 at 4.83%$251.92
47,850 at 4.84%$252.21
47,850 at 4.85%$252.50
47,850 at 4.86%$252.79
47,850 at 4.87%$253.08
47,850 at 4.88%$253.37
47,850 at 4.89%$253.66
47,850 at 4.9%$253.95
47,850 at 4.91%$254.24
47,850 at 4.92%$254.53
47,850 at 4.93%$254.83
47,850 at 4.94%$255.12
47,850 at 4.95%$255.41
47,850 at 4.96%$255.70
47,850 at 4.97%$255.99
47,850 at 4.98%$256.28
47,850 at 4.99%$256.58
47,850 at 5%$256.87
Interest Rate 30 Year
47,850 at 5.01%$257.16
47,850 at 5.02%$257.45
47,850 at 5.03%$257.75
47,850 at 5.04%$258.04
47,850 at 5.05%$258.33
47,850 at 5.06%$258.63
47,850 at 5.07%$258.92
47,850 at 5.08%$259.21
47,850 at 5.09%$259.51
47,850 at 5.1%$259.80
47,850 at 5.11%$260.10
47,850 at 5.12%$260.39
47,850 at 5.13%$260.68
47,850 at 5.14%$260.98
47,850 at 5.15%$261.27
47,850 at 5.16%$261.57
47,850 at 5.17%$261.86
47,850 at 5.18%$262.16
47,850 at 5.19%$262.45
47,850 at 5.2%$262.75
47,850 at 5.21%$263.05
47,850 at 5.22%$263.34
47,850 at 5.23%$263.64
47,850 at 5.24%$263.93
47,850 at 5.25%$264.23
47,850 at 5.26%$264.53
47,850 at 5.27%$264.82
47,850 at 5.28%$265.12
47,850 at 5.29%$265.42
47,850 at 5.3%$265.71
47,850 at 5.31%$266.01
47,850 at 5.32%$266.31
47,850 at 5.33%$266.61
47,850 at 5.34%$266.90
47,850 at 5.35%$267.20
47,850 at 5.36%$267.50
47,850 at 5.37%$267.80
47,850 at 5.38%$268.10
47,850 at 5.39%$268.39
47,850 at 5.4%$268.69
47,850 at 5.41%$268.99
47,850 at 5.42%$269.29
47,850 at 5.43%$269.59
47,850 at 5.44%$269.89
47,850 at 5.45%$270.19
47,850 at 5.46%$270.49
47,850 at 5.47%$270.79
47,850 at 5.48%$271.09
47,850 at 5.49%$271.39
47,850 at 5.5%$271.69
47,850 at 5.51%$271.99
47,850 at 5.52%$272.29
47,850 at 5.53%$272.59
47,850 at 5.54%$272.89
47,850 at 5.55%$273.19
47,850 at 5.56%$273.49
47,850 at 5.57%$273.79
47,850 at 5.58%$274.09
47,850 at 5.59%$274.40
47,850 at 5.6%$274.70
47,850 at 5.61%$275.00
47,850 at 5.62%$275.30
47,850 at 5.63%$275.60
47,850 at 5.64%$275.90
47,850 at 5.65%$276.21
47,850 at 5.66%$276.51
47,850 at 5.67%$276.81
47,850 at 5.68%$277.12
47,850 at 5.69%$277.42
47,850 at 5.7%$277.72
47,850 at 5.71%$278.02
47,850 at 5.72%$278.33
47,850 at 5.73%$278.63
47,850 at 5.74%$278.94
47,850 at 5.75%$279.24
47,850 at 5.76%$279.54
47,850 at 5.77%$279.85
47,850 at 5.78%$280.15
47,850 at 5.79%$280.46
47,850 at 5.8%$280.76
47,850 at 5.81%$281.07
47,850 at 5.82%$281.37
47,850 at 5.83%$281.68
47,850 at 5.84%$281.98
47,850 at 5.85%$282.29
47,850 at 5.86%$282.59
47,850 at 5.87%$282.90
47,850 at 5.88%$283.20
47,850 at 5.89%$283.51
47,850 at 5.9%$283.82
47,850 at 5.91%$284.12
47,850 at 5.92%$284.43
47,850 at 5.93%$284.74
47,850 at 5.94%$285.04
47,850 at 5.95%$285.35
47,850 at 5.96%$285.66
47,850 at 5.97%$285.96
47,850 at 5.98%$286.27
47,850 at 5.99%$286.58
47,850 at 6%$286.88
47,850 at 6.01%$287.19
47,850 at 6.02%$287.50
47,850 at 6.03%$287.81
47,850 at 6.04%$288.12
47,850 at 6.05%$288.42
47,850 at 6.06%$288.73
47,850 at 6.07%$289.04
47,850 at 6.08%$289.35
47,850 at 6.09%$289.66
47,850 at 6.1%$289.97
47,850 at 6.11%$290.28
47,850 at 6.12%$290.59
47,850 at 6.13%$290.90
47,850 at 6.14%$291.21
47,850 at 6.15%$291.52
47,850 at 6.16%$291.83
47,850 at 6.17%$292.14
47,850 at 6.18%$292.45
47,850 at 6.19%$292.76
47,850 at 6.2%$293.07
47,850 at 6.21%$293.38
47,850 at 6.22%$293.69
47,850 at 6.23%$294.00
47,850 at 6.24%$294.31
47,850 at 6.25%$294.62
47,850 at 6.26%$294.93
47,850 at 6.27%$295.24
47,850 at 6.28%$295.55
47,850 at 6.29%$295.87
47,850 at 6.3%$296.18
47,850 at 6.31%$296.49
47,850 at 6.32%$296.80
47,850 at 6.33%$297.11
47,850 at 6.34%$297.43
47,850 at 6.35%$297.74
47,850 at 6.36%$298.05
47,850 at 6.37%$298.37
47,850 at 6.38%$298.68
47,850 at 6.39%$298.99
47,850 at 6.4%$299.30
47,850 at 6.41%$299.62
47,850 at 6.42%$299.93
47,850 at 6.43%$300.25
47,850 at 6.44%$300.56
47,850 at 6.45%$300.87
47,850 at 6.46%$301.19
47,850 at 6.47%$301.50
47,850 at 6.48%$301.82
47,850 at 6.49%$302.13
47,850 at 6.5%$302.44
Interest Rate 30 Year
47,850 at 6.51%$302.76
47,850 at 6.52%$303.07
47,850 at 6.53%$303.39
47,850 at 6.54%$303.70
47,850 at 6.55%$304.02
47,850 at 6.56%$304.34
47,850 at 6.57%$304.65
47,850 at 6.58%$304.97
47,850 at 6.59%$305.28
47,850 at 6.6%$305.60
47,850 at 6.61%$305.91
47,850 at 6.62%$306.23
47,850 at 6.63%$306.55
47,850 at 6.64%$306.86
47,850 at 6.65%$307.18
47,850 at 6.66%$307.50
47,850 at 6.67%$307.81
47,850 at 6.68%$308.13
47,850 at 6.69%$308.45
47,850 at 6.7%$308.77
47,850 at 6.71%$309.08
47,850 at 6.72%$309.40
47,850 at 6.73%$309.72
47,850 at 6.74%$310.04
47,850 at 6.75%$310.35
47,850 at 6.76%$310.67
47,850 at 6.77%$310.99
47,850 at 6.78%$311.31
47,850 at 6.79%$311.63
47,850 at 6.8%$311.95
47,850 at 6.81%$312.27
47,850 at 6.82%$312.58
47,850 at 6.83%$312.90
47,850 at 6.84%$313.22
47,850 at 6.85%$313.54
47,850 at 6.86%$313.86
47,850 at 6.87%$314.18
47,850 at 6.88%$314.50
47,850 at 6.89%$314.82
47,850 at 6.9%$315.14
47,850 at 6.91%$315.46
47,850 at 6.92%$315.78
47,850 at 6.93%$316.10
47,850 at 6.94%$316.42
47,850 at 6.95%$316.74
47,850 at 6.96%$317.06
47,850 at 6.97%$317.38
47,850 at 6.98%$317.70
47,850 at 6.99%$318.03
47,850 at 7%$318.35
47,850 at 7.01%$318.67
47,850 at 7.02%$318.99
47,850 at 7.03%$319.31
47,850 at 7.04%$319.63
47,850 at 7.05%$319.96
47,850 at 7.06%$320.28
47,850 at 7.07%$320.60
47,850 at 7.08%$320.92
47,850 at 7.09%$321.24
47,850 at 7.1%$321.57
47,850 at 7.11%$321.89
47,850 at 7.12%$322.21
47,850 at 7.13%$322.54
47,850 at 7.14%$322.86
47,850 at 7.15%$323.18
47,850 at 7.16%$323.51
47,850 at 7.17%$323.83
47,850 at 7.18%$324.15
47,850 at 7.19%$324.48
47,850 at 7.2%$324.80
47,850 at 7.21%$325.12
47,850 at 7.22%$325.45
47,850 at 7.23%$325.77
47,850 at 7.24%$326.10
47,850 at 7.25%$326.42
47,850 at 7.26%$326.75
47,850 at 7.27%$327.07
47,850 at 7.28%$327.40
47,850 at 7.29%$327.72
47,850 at 7.3%$328.05
47,850 at 7.31%$328.37
47,850 at 7.32%$328.70
47,850 at 7.33%$329.02
47,850 at 7.34%$329.35
47,850 at 7.35%$329.67
47,850 at 7.36%$330.00
47,850 at 7.37%$330.33
47,850 at 7.38%$330.65
47,850 at 7.39%$330.98
47,850 at 7.4%$331.30
47,850 at 7.41%$331.63
47,850 at 7.42%$331.96
47,850 at 7.43%$332.28
47,850 at 7.44%$332.61
47,850 at 7.45%$332.94
47,850 at 7.46%$333.26
47,850 at 7.47%$333.59
47,850 at 7.48%$333.92
47,850 at 7.49%$334.25
47,850 at 7.5%$334.57
47,850 at 7.51%$334.90
47,850 at 7.52%$335.23
47,850 at 7.53%$335.56
47,850 at 7.54%$335.89
47,850 at 7.55%$336.21
47,850 at 7.56%$336.54
47,850 at 7.57%$336.87
47,850 at 7.58%$337.20
47,850 at 7.59%$337.53
47,850 at 7.6%$337.86
47,850 at 7.61%$338.19
47,850 at 7.62%$338.51
47,850 at 7.63%$338.84
47,850 at 7.64%$339.17
47,850 at 7.65%$339.50
47,850 at 7.66%$339.83
47,850 at 7.67%$340.16
47,850 at 7.68%$340.49
47,850 at 7.69%$340.82
47,850 at 7.7%$341.15
47,850 at 7.71%$341.48
47,850 at 7.72%$341.81
47,850 at 7.73%$342.14
47,850 at 7.74%$342.47
47,850 at 7.75%$342.80
47,850 at 7.76%$343.13
47,850 at 7.77%$343.46
47,850 at 7.78%$343.80
47,850 at 7.79%$344.13
47,850 at 7.8%$344.46
47,850 at 7.81%$344.79
47,850 at 7.82%$345.12
47,850 at 7.83%$345.45
47,850 at 7.84%$345.78
47,850 at 7.85%$346.12
47,850 at 7.86%$346.45
47,850 at 7.87%$346.78
47,850 at 7.88%$347.11
47,850 at 7.89%$347.44
47,850 at 7.9%$347.78
47,850 at 7.91%$348.11
47,850 at 7.92%$348.44
47,850 at 7.93%$348.77
47,850 at 7.94%$349.11
47,850 at 7.95%$349.44
47,850 at 7.96%$349.77
47,850 at 7.97%$350.11
47,850 at 7.98%$350.44
47,850 at 7.99%$350.77
47,850 at 8%$351.11
More Amounts
What is the down payment for a $47,850 house? How much do you need to put down?
Percent Down Down Payment
1%479
2%957
3%1,436
4%1,914
5%2,393
6%2,871
7%3,350
8%3,828
9%4,307
10%4,785
11%5,264
12%5,742
13%6,221
14%6,699
15%7,178
16%7,656
17%8,135
18%8,613
19%9,092
20%9,570
Percent Down Down Payment
21%10,049
22%10,527
23%11,006
24%11,484
25%11,963
26%12,441
27%12,920
28%13,398
29%13,877
30%14,355
31%14,834
32%15,312
33%15,791
34%16,269
35%16,748
36%17,226
37%17,705
38%18,183
39%18,662
40%19,140
Percent Down Down Payment
41%19,619
42%20,097
43%20,576
44%21,054
45%21,533
46%22,011
47%22,490
48%22,968
49%23,447
50%23,925
51%24,404
52%24,882
53%25,361
54%25,839
55%26,318
56%26,796
57%27,275
58%27,753
59%28,232
60%28,710
Percent Down Down Payment
61%29,189
62%29,667
63%30,146
64%30,624
65%31,103
66%31,581
67%32,060
68%32,538
69%33,017
70%33,495
71%33,974
72%34,452
73%34,931
74%35,409
75%35,888
76%36,366
77%36,845
78%37,323
79%37,802
80%38,280
Percent Down Down Payment
81%38,759
82%39,237
83%39,716
84%40,194
85%40,673
86%41,151
87%41,630
88%42,108
89%42,587
90%43,065
91%43,544
92%44,022
93%44,501
94%44,979
95%45,458
96%45,936
97%46,415
98%46,893
99%47,372
100%47,850
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.