$48,050 Mortgage for 30 Years

What is the monthly payment of a 48,050 dollar loan?
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Loan Tables for a $48,050 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 $48,050 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
48,050 at 2.01%$177.84
48,050 at 2.02%$178.08
48,050 at 2.03%$178.32
48,050 at 2.04%$178.56
48,050 at 2.05%$178.81
48,050 at 2.06%$179.05
48,050 at 2.07%$179.29
48,050 at 2.08%$179.53
48,050 at 2.09%$179.77
48,050 at 2.1%$180.01
48,050 at 2.11%$180.26
48,050 at 2.12%$180.50
48,050 at 2.13%$180.74
48,050 at 2.14%$180.98
48,050 at 2.15%$181.23
48,050 at 2.16%$181.47
48,050 at 2.17%$181.71
48,050 at 2.18%$181.96
48,050 at 2.19%$182.20
48,050 at 2.2%$182.45
48,050 at 2.21%$182.69
48,050 at 2.22%$182.93
48,050 at 2.23%$183.18
48,050 at 2.24%$183.42
48,050 at 2.25%$183.67
48,050 at 2.26%$183.91
48,050 at 2.27%$184.16
48,050 at 2.28%$184.41
48,050 at 2.29%$184.65
48,050 at 2.3%$184.90
48,050 at 2.31%$185.14
48,050 at 2.32%$185.39
48,050 at 2.33%$185.64
48,050 at 2.34%$185.88
48,050 at 2.35%$186.13
48,050 at 2.36%$186.38
48,050 at 2.37%$186.62
48,050 at 2.38%$186.87
48,050 at 2.39%$187.12
48,050 at 2.4%$187.37
48,050 at 2.41%$187.61
48,050 at 2.42%$187.86
48,050 at 2.43%$188.11
48,050 at 2.44%$188.36
48,050 at 2.45%$188.61
48,050 at 2.46%$188.86
48,050 at 2.47%$189.11
48,050 at 2.48%$189.36
48,050 at 2.49%$189.61
48,050 at 2.5%$189.86
48,050 at 2.51%$190.11
48,050 at 2.52%$190.36
48,050 at 2.53%$190.61
48,050 at 2.54%$190.86
48,050 at 2.55%$191.11
48,050 at 2.56%$191.36
48,050 at 2.57%$191.61
48,050 at 2.58%$191.86
48,050 at 2.59%$192.11
48,050 at 2.6%$192.36
48,050 at 2.61%$192.62
48,050 at 2.62%$192.87
48,050 at 2.63%$193.12
48,050 at 2.64%$193.37
48,050 at 2.65%$193.62
48,050 at 2.66%$193.88
48,050 at 2.67%$194.13
48,050 at 2.68%$194.38
48,050 at 2.69%$194.64
48,050 at 2.7%$194.89
48,050 at 2.71%$195.14
48,050 at 2.72%$195.40
48,050 at 2.73%$195.65
48,050 at 2.74%$195.91
48,050 at 2.75%$196.16
48,050 at 2.76%$196.41
48,050 at 2.77%$196.67
48,050 at 2.78%$196.92
48,050 at 2.79%$197.18
48,050 at 2.8%$197.43
48,050 at 2.81%$197.69
48,050 at 2.82%$197.95
48,050 at 2.83%$198.20
48,050 at 2.84%$198.46
48,050 at 2.85%$198.71
48,050 at 2.86%$198.97
48,050 at 2.87%$199.23
48,050 at 2.88%$199.48
48,050 at 2.89%$199.74
48,050 at 2.9%$200.00
48,050 at 2.91%$200.26
48,050 at 2.92%$200.51
48,050 at 2.93%$200.77
48,050 at 2.94%$201.03
48,050 at 2.95%$201.29
48,050 at 2.96%$201.55
48,050 at 2.97%$201.80
48,050 at 2.98%$202.06
48,050 at 2.99%$202.32
48,050 at 3%$202.58
48,050 at 3.01%$202.84
48,050 at 3.02%$203.10
48,050 at 3.03%$203.36
48,050 at 3.04%$203.62
48,050 at 3.05%$203.88
48,050 at 3.06%$204.14
48,050 at 3.07%$204.40
48,050 at 3.08%$204.66
48,050 at 3.09%$204.92
48,050 at 3.1%$205.18
48,050 at 3.11%$205.44
48,050 at 3.12%$205.70
48,050 at 3.13%$205.97
48,050 at 3.14%$206.23
48,050 at 3.15%$206.49
48,050 at 3.16%$206.75
48,050 at 3.17%$207.01
48,050 at 3.18%$207.28
48,050 at 3.19%$207.54
48,050 at 3.2%$207.80
48,050 at 3.21%$208.06
48,050 at 3.22%$208.33
48,050 at 3.23%$208.59
48,050 at 3.24%$208.85
48,050 at 3.25%$209.12
48,050 at 3.26%$209.38
48,050 at 3.27%$209.64
48,050 at 3.28%$209.91
48,050 at 3.29%$210.17
48,050 at 3.3%$210.44
48,050 at 3.31%$210.70
48,050 at 3.32%$210.97
48,050 at 3.33%$211.23
48,050 at 3.34%$211.50
48,050 at 3.35%$211.76
48,050 at 3.36%$212.03
48,050 at 3.37%$212.29
48,050 at 3.38%$212.56
48,050 at 3.39%$212.83
48,050 at 3.4%$213.09
48,050 at 3.41%$213.36
48,050 at 3.42%$213.63
48,050 at 3.43%$213.89
48,050 at 3.44%$214.16
48,050 at 3.45%$214.43
48,050 at 3.46%$214.69
48,050 at 3.47%$214.96
48,050 at 3.48%$215.23
48,050 at 3.49%$215.50
48,050 at 3.5%$215.77
Interest Rate 30 Year
48,050 at 3.51%$216.03
48,050 at 3.52%$216.30
48,050 at 3.53%$216.57
48,050 at 3.54%$216.84
48,050 at 3.55%$217.11
48,050 at 3.56%$217.38
48,050 at 3.57%$217.65
48,050 at 3.58%$217.92
48,050 at 3.59%$218.19
48,050 at 3.6%$218.46
48,050 at 3.61%$218.73
48,050 at 3.62%$219.00
48,050 at 3.63%$219.27
48,050 at 3.64%$219.54
48,050 at 3.65%$219.81
48,050 at 3.66%$220.08
48,050 at 3.67%$220.35
48,050 at 3.68%$220.62
48,050 at 3.69%$220.89
48,050 at 3.7%$221.17
48,050 at 3.71%$221.44
48,050 at 3.72%$221.71
48,050 at 3.73%$221.98
48,050 at 3.74%$222.25
48,050 at 3.75%$222.53
48,050 at 3.76%$222.80
48,050 at 3.77%$223.07
48,050 at 3.78%$223.35
48,050 at 3.79%$223.62
48,050 at 3.8%$223.89
48,050 at 3.81%$224.17
48,050 at 3.82%$224.44
48,050 at 3.83%$224.71
48,050 at 3.84%$224.99
48,050 at 3.85%$225.26
48,050 at 3.86%$225.54
48,050 at 3.87%$225.81
48,050 at 3.88%$226.09
48,050 at 3.89%$226.36
48,050 at 3.9%$226.64
48,050 at 3.91%$226.91
48,050 at 3.92%$227.19
48,050 at 3.93%$227.46
48,050 at 3.94%$227.74
48,050 at 3.95%$228.02
48,050 at 3.96%$228.29
48,050 at 3.97%$228.57
48,050 at 3.98%$228.84
48,050 at 3.99%$229.12
48,050 at 4%$229.40
48,050 at 4.01%$229.68
48,050 at 4.02%$229.95
48,050 at 4.03%$230.23
48,050 at 4.04%$230.51
48,050 at 4.05%$230.79
48,050 at 4.06%$231.06
48,050 at 4.07%$231.34
48,050 at 4.08%$231.62
48,050 at 4.09%$231.90
48,050 at 4.1%$232.18
48,050 at 4.11%$232.46
48,050 at 4.12%$232.73
48,050 at 4.13%$233.01
48,050 at 4.14%$233.29
48,050 at 4.15%$233.57
48,050 at 4.16%$233.85
48,050 at 4.17%$234.13
48,050 at 4.18%$234.41
48,050 at 4.19%$234.69
48,050 at 4.2%$234.97
48,050 at 4.21%$235.25
48,050 at 4.22%$235.53
48,050 at 4.23%$235.81
48,050 at 4.24%$236.10
48,050 at 4.25%$236.38
48,050 at 4.26%$236.66
48,050 at 4.27%$236.94
48,050 at 4.28%$237.22
48,050 at 4.29%$237.50
48,050 at 4.3%$237.79
48,050 at 4.31%$238.07
48,050 at 4.32%$238.35
48,050 at 4.33%$238.63
48,050 at 4.34%$238.92
48,050 at 4.35%$239.20
48,050 at 4.36%$239.48
48,050 at 4.37%$239.76
48,050 at 4.38%$240.05
48,050 at 4.39%$240.33
48,050 at 4.4%$240.62
48,050 at 4.41%$240.90
48,050 at 4.42%$241.18
48,050 at 4.43%$241.47
48,050 at 4.44%$241.75
48,050 at 4.45%$242.04
48,050 at 4.46%$242.32
48,050 at 4.47%$242.61
48,050 at 4.48%$242.89
48,050 at 4.49%$243.18
48,050 at 4.5%$243.46
48,050 at 4.51%$243.75
48,050 at 4.52%$244.03
48,050 at 4.53%$244.32
48,050 at 4.54%$244.61
48,050 at 4.55%$244.89
48,050 at 4.56%$245.18
48,050 at 4.57%$245.46
48,050 at 4.58%$245.75
48,050 at 4.59%$246.04
48,050 at 4.6%$246.33
48,050 at 4.61%$246.61
48,050 at 4.62%$246.90
48,050 at 4.63%$247.19
48,050 at 4.64%$247.48
48,050 at 4.65%$247.76
48,050 at 4.66%$248.05
48,050 at 4.67%$248.34
48,050 at 4.68%$248.63
48,050 at 4.69%$248.92
48,050 at 4.7%$249.21
48,050 at 4.71%$249.49
48,050 at 4.72%$249.78
48,050 at 4.73%$250.07
48,050 at 4.74%$250.36
48,050 at 4.75%$250.65
48,050 at 4.76%$250.94
48,050 at 4.77%$251.23
48,050 at 4.78%$251.52
48,050 at 4.79%$251.81
48,050 at 4.8%$252.10
48,050 at 4.81%$252.39
48,050 at 4.82%$252.68
48,050 at 4.83%$252.97
48,050 at 4.84%$253.26
48,050 at 4.85%$253.56
48,050 at 4.86%$253.85
48,050 at 4.87%$254.14
48,050 at 4.88%$254.43
48,050 at 4.89%$254.72
48,050 at 4.9%$255.01
48,050 at 4.91%$255.31
48,050 at 4.92%$255.60
48,050 at 4.93%$255.89
48,050 at 4.94%$256.18
48,050 at 4.95%$256.48
48,050 at 4.96%$256.77
48,050 at 4.97%$257.06
48,050 at 4.98%$257.36
48,050 at 4.99%$257.65
48,050 at 5%$257.94
Interest Rate 30 Year
48,050 at 5.01%$258.24
48,050 at 5.02%$258.53
48,050 at 5.03%$258.82
48,050 at 5.04%$259.12
48,050 at 5.05%$259.41
48,050 at 5.06%$259.71
48,050 at 5.07%$260.00
48,050 at 5.08%$260.30
48,050 at 5.09%$260.59
48,050 at 5.1%$260.89
48,050 at 5.11%$261.18
48,050 at 5.12%$261.48
48,050 at 5.13%$261.77
48,050 at 5.14%$262.07
48,050 at 5.15%$262.37
48,050 at 5.16%$262.66
48,050 at 5.17%$262.96
48,050 at 5.18%$263.25
48,050 at 5.19%$263.55
48,050 at 5.2%$263.85
48,050 at 5.21%$264.14
48,050 at 5.22%$264.44
48,050 at 5.23%$264.74
48,050 at 5.24%$265.04
48,050 at 5.25%$265.33
48,050 at 5.26%$265.63
48,050 at 5.27%$265.93
48,050 at 5.28%$266.23
48,050 at 5.29%$266.53
48,050 at 5.3%$266.82
48,050 at 5.31%$267.12
48,050 at 5.32%$267.42
48,050 at 5.33%$267.72
48,050 at 5.34%$268.02
48,050 at 5.35%$268.32
48,050 at 5.36%$268.62
48,050 at 5.37%$268.92
48,050 at 5.38%$269.22
48,050 at 5.39%$269.52
48,050 at 5.4%$269.82
48,050 at 5.41%$270.12
48,050 at 5.42%$270.42
48,050 at 5.43%$270.72
48,050 at 5.44%$271.02
48,050 at 5.45%$271.32
48,050 at 5.46%$271.62
48,050 at 5.47%$271.92
48,050 at 5.48%$272.22
48,050 at 5.49%$272.52
48,050 at 5.5%$272.82
48,050 at 5.51%$273.12
48,050 at 5.52%$273.43
48,050 at 5.53%$273.73
48,050 at 5.54%$274.03
48,050 at 5.55%$274.33
48,050 at 5.56%$274.63
48,050 at 5.57%$274.94
48,050 at 5.58%$275.24
48,050 at 5.59%$275.54
48,050 at 5.6%$275.84
48,050 at 5.61%$276.15
48,050 at 5.62%$276.45
48,050 at 5.63%$276.75
48,050 at 5.64%$277.06
48,050 at 5.65%$277.36
48,050 at 5.66%$277.67
48,050 at 5.67%$277.97
48,050 at 5.68%$278.27
48,050 at 5.69%$278.58
48,050 at 5.7%$278.88
48,050 at 5.71%$279.19
48,050 at 5.72%$279.49
48,050 at 5.73%$279.80
48,050 at 5.74%$280.10
48,050 at 5.75%$280.41
48,050 at 5.76%$280.71
48,050 at 5.77%$281.02
48,050 at 5.78%$281.32
48,050 at 5.79%$281.63
48,050 at 5.8%$281.93
48,050 at 5.81%$282.24
48,050 at 5.82%$282.55
48,050 at 5.83%$282.85
48,050 at 5.84%$283.16
48,050 at 5.85%$283.47
48,050 at 5.86%$283.77
48,050 at 5.87%$284.08
48,050 at 5.88%$284.39
48,050 at 5.89%$284.69
48,050 at 5.9%$285.00
48,050 at 5.91%$285.31
48,050 at 5.92%$285.62
48,050 at 5.93%$285.93
48,050 at 5.94%$286.23
48,050 at 5.95%$286.54
48,050 at 5.96%$286.85
48,050 at 5.97%$287.16
48,050 at 5.98%$287.47
48,050 at 5.99%$287.78
48,050 at 6%$288.08
48,050 at 6.01%$288.39
48,050 at 6.02%$288.70
48,050 at 6.03%$289.01
48,050 at 6.04%$289.32
48,050 at 6.05%$289.63
48,050 at 6.06%$289.94
48,050 at 6.07%$290.25
48,050 at 6.08%$290.56
48,050 at 6.09%$290.87
48,050 at 6.1%$291.18
48,050 at 6.11%$291.49
48,050 at 6.12%$291.80
48,050 at 6.13%$292.11
48,050 at 6.14%$292.42
48,050 at 6.15%$292.73
48,050 at 6.16%$293.05
48,050 at 6.17%$293.36
48,050 at 6.18%$293.67
48,050 at 6.19%$293.98
48,050 at 6.2%$294.29
48,050 at 6.21%$294.60
48,050 at 6.22%$294.92
48,050 at 6.23%$295.23
48,050 at 6.24%$295.54
48,050 at 6.25%$295.85
48,050 at 6.26%$296.16
48,050 at 6.27%$296.48
48,050 at 6.28%$296.79
48,050 at 6.29%$297.10
48,050 at 6.3%$297.42
48,050 at 6.31%$297.73
48,050 at 6.32%$298.04
48,050 at 6.33%$298.36
48,050 at 6.34%$298.67
48,050 at 6.35%$298.98
48,050 at 6.36%$299.30
48,050 at 6.37%$299.61
48,050 at 6.38%$299.93
48,050 at 6.39%$300.24
48,050 at 6.4%$300.56
48,050 at 6.41%$300.87
48,050 at 6.42%$301.19
48,050 at 6.43%$301.50
48,050 at 6.44%$301.82
48,050 at 6.45%$302.13
48,050 at 6.46%$302.45
48,050 at 6.47%$302.76
48,050 at 6.48%$303.08
48,050 at 6.49%$303.39
48,050 at 6.5%$303.71
Interest Rate 30 Year
48,050 at 6.51%$304.02
48,050 at 6.52%$304.34
48,050 at 6.53%$304.66
48,050 at 6.54%$304.97
48,050 at 6.55%$305.29
48,050 at 6.56%$305.61
48,050 at 6.57%$305.92
48,050 at 6.58%$306.24
48,050 at 6.59%$306.56
48,050 at 6.6%$306.88
48,050 at 6.61%$307.19
48,050 at 6.62%$307.51
48,050 at 6.63%$307.83
48,050 at 6.64%$308.15
48,050 at 6.65%$308.46
48,050 at 6.66%$308.78
48,050 at 6.67%$309.10
48,050 at 6.68%$309.42
48,050 at 6.69%$309.74
48,050 at 6.7%$310.06
48,050 at 6.71%$310.37
48,050 at 6.72%$310.69
48,050 at 6.73%$311.01
48,050 at 6.74%$311.33
48,050 at 6.75%$311.65
48,050 at 6.76%$311.97
48,050 at 6.77%$312.29
48,050 at 6.78%$312.61
48,050 at 6.79%$312.93
48,050 at 6.8%$313.25
48,050 at 6.81%$313.57
48,050 at 6.82%$313.89
48,050 at 6.83%$314.21
48,050 at 6.84%$314.53
48,050 at 6.85%$314.85
48,050 at 6.86%$315.17
48,050 at 6.87%$315.49
48,050 at 6.88%$315.81
48,050 at 6.89%$316.14
48,050 at 6.9%$316.46
48,050 at 6.91%$316.78
48,050 at 6.92%$317.10
48,050 at 6.93%$317.42
48,050 at 6.94%$317.74
48,050 at 6.95%$318.07
48,050 at 6.96%$318.39
48,050 at 6.97%$318.71
48,050 at 6.98%$319.03
48,050 at 6.99%$319.36
48,050 at 7%$319.68
48,050 at 7.01%$320.00
48,050 at 7.02%$320.32
48,050 at 7.03%$320.65
48,050 at 7.04%$320.97
48,050 at 7.05%$321.29
48,050 at 7.06%$321.62
48,050 at 7.07%$321.94
48,050 at 7.08%$322.26
48,050 at 7.09%$322.59
48,050 at 7.1%$322.91
48,050 at 7.11%$323.24
48,050 at 7.12%$323.56
48,050 at 7.13%$323.88
48,050 at 7.14%$324.21
48,050 at 7.15%$324.53
48,050 at 7.16%$324.86
48,050 at 7.17%$325.18
48,050 at 7.18%$325.51
48,050 at 7.19%$325.83
48,050 at 7.2%$326.16
48,050 at 7.21%$326.48
48,050 at 7.22%$326.81
48,050 at 7.23%$327.13
48,050 at 7.24%$327.46
48,050 at 7.25%$327.79
48,050 at 7.26%$328.11
48,050 at 7.27%$328.44
48,050 at 7.28%$328.76
48,050 at 7.29%$329.09
48,050 at 7.3%$329.42
48,050 at 7.31%$329.74
48,050 at 7.32%$330.07
48,050 at 7.33%$330.40
48,050 at 7.34%$330.72
48,050 at 7.35%$331.05
48,050 at 7.36%$331.38
48,050 at 7.37%$331.71
48,050 at 7.38%$332.03
48,050 at 7.39%$332.36
48,050 at 7.4%$332.69
48,050 at 7.41%$333.02
48,050 at 7.42%$333.34
48,050 at 7.43%$333.67
48,050 at 7.44%$334.00
48,050 at 7.45%$334.33
48,050 at 7.46%$334.66
48,050 at 7.47%$334.99
48,050 at 7.48%$335.31
48,050 at 7.49%$335.64
48,050 at 7.5%$335.97
48,050 at 7.51%$336.30
48,050 at 7.52%$336.63
48,050 at 7.53%$336.96
48,050 at 7.54%$337.29
48,050 at 7.55%$337.62
48,050 at 7.56%$337.95
48,050 at 7.57%$338.28
48,050 at 7.58%$338.61
48,050 at 7.59%$338.94
48,050 at 7.6%$339.27
48,050 at 7.61%$339.60
48,050 at 7.62%$339.93
48,050 at 7.63%$340.26
48,050 at 7.64%$340.59
48,050 at 7.65%$340.92
48,050 at 7.66%$341.25
48,050 at 7.67%$341.58
48,050 at 7.68%$341.91
48,050 at 7.69%$342.25
48,050 at 7.7%$342.58
48,050 at 7.71%$342.91
48,050 at 7.72%$343.24
48,050 at 7.73%$343.57
48,050 at 7.74%$343.90
48,050 at 7.75%$344.24
48,050 at 7.76%$344.57
48,050 at 7.77%$344.90
48,050 at 7.78%$345.23
48,050 at 7.79%$345.57
48,050 at 7.8%$345.90
48,050 at 7.81%$346.23
48,050 at 7.82%$346.56
48,050 at 7.83%$346.90
48,050 at 7.84%$347.23
48,050 at 7.85%$347.56
48,050 at 7.86%$347.90
48,050 at 7.87%$348.23
48,050 at 7.88%$348.56
48,050 at 7.89%$348.90
48,050 at 7.9%$349.23
48,050 at 7.91%$349.56
48,050 at 7.92%$349.90
48,050 at 7.93%$350.23
48,050 at 7.94%$350.57
48,050 at 7.95%$350.90
48,050 at 7.96%$351.23
48,050 at 7.97%$351.57
48,050 at 7.98%$351.90
48,050 at 7.99%$352.24
48,050 at 8%$352.57
More Amounts
What is the down payment for a $48,050 house? How much do you need to put down?
Percent Down Down Payment
1%481
2%961
3%1,442
4%1,922
5%2,403
6%2,883
7%3,364
8%3,844
9%4,325
10%4,805
11%5,286
12%5,766
13%6,247
14%6,727
15%7,208
16%7,688
17%8,169
18%8,649
19%9,130
20%9,610
Percent Down Down Payment
21%10,091
22%10,571
23%11,052
24%11,532
25%12,013
26%12,493
27%12,974
28%13,454
29%13,935
30%14,415
31%14,896
32%15,376
33%15,857
34%16,337
35%16,818
36%17,298
37%17,779
38%18,259
39%18,740
40%19,220
Percent Down Down Payment
41%19,701
42%20,181
43%20,662
44%21,142
45%21,623
46%22,103
47%22,584
48%23,064
49%23,545
50%24,025
51%24,506
52%24,986
53%25,467
54%25,947
55%26,428
56%26,908
57%27,389
58%27,869
59%28,350
60%28,830
Percent Down Down Payment
61%29,311
62%29,791
63%30,272
64%30,752
65%31,233
66%31,713
67%32,194
68%32,674
69%33,155
70%33,635
71%34,116
72%34,596
73%35,077
74%35,557
75%36,038
76%36,518
77%36,999
78%37,479
79%37,960
80%38,440
Percent Down Down Payment
81%38,921
82%39,401
83%39,882
84%40,362
85%40,843
86%41,323
87%41,804
88%42,284
89%42,765
90%43,245
91%43,726
92%44,206
93%44,687
94%45,167
95%45,648
96%46,128
97%46,609
98%47,089
99%47,570
100%48,050
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.