$48,200 Mortgage for 30 Years

What is the monthly payment of a 48,200 dollar loan?
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Loan Tables for a $48,200 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 $48,200 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
48,200 at 2.01%$178.40
48,200 at 2.02%$178.64
48,200 at 2.03%$178.88
48,200 at 2.04%$179.12
48,200 at 2.05%$179.36
48,200 at 2.06%$179.61
48,200 at 2.07%$179.85
48,200 at 2.08%$180.09
48,200 at 2.09%$180.33
48,200 at 2.1%$180.58
48,200 at 2.11%$180.82
48,200 at 2.12%$181.06
48,200 at 2.13%$181.31
48,200 at 2.14%$181.55
48,200 at 2.15%$181.79
48,200 at 2.16%$182.04
48,200 at 2.17%$182.28
48,200 at 2.18%$182.53
48,200 at 2.19%$182.77
48,200 at 2.2%$183.02
48,200 at 2.21%$183.26
48,200 at 2.22%$183.51
48,200 at 2.23%$183.75
48,200 at 2.24%$184.00
48,200 at 2.25%$184.24
48,200 at 2.26%$184.49
48,200 at 2.27%$184.73
48,200 at 2.28%$184.98
48,200 at 2.29%$185.23
48,200 at 2.3%$185.47
48,200 at 2.31%$185.72
48,200 at 2.32%$185.97
48,200 at 2.33%$186.22
48,200 at 2.34%$186.46
48,200 at 2.35%$186.71
48,200 at 2.36%$186.96
48,200 at 2.37%$187.21
48,200 at 2.38%$187.45
48,200 at 2.39%$187.70
48,200 at 2.4%$187.95
48,200 at 2.41%$188.20
48,200 at 2.42%$188.45
48,200 at 2.43%$188.70
48,200 at 2.44%$188.95
48,200 at 2.45%$189.20
48,200 at 2.46%$189.45
48,200 at 2.47%$189.70
48,200 at 2.48%$189.95
48,200 at 2.49%$190.20
48,200 at 2.5%$190.45
48,200 at 2.51%$190.70
48,200 at 2.52%$190.95
48,200 at 2.53%$191.20
48,200 at 2.54%$191.45
48,200 at 2.55%$191.70
48,200 at 2.56%$191.96
48,200 at 2.57%$192.21
48,200 at 2.58%$192.46
48,200 at 2.59%$192.71
48,200 at 2.6%$192.96
48,200 at 2.61%$193.22
48,200 at 2.62%$193.47
48,200 at 2.63%$193.72
48,200 at 2.64%$193.98
48,200 at 2.65%$194.23
48,200 at 2.66%$194.48
48,200 at 2.67%$194.74
48,200 at 2.68%$194.99
48,200 at 2.69%$195.24
48,200 at 2.7%$195.50
48,200 at 2.71%$195.75
48,200 at 2.72%$196.01
48,200 at 2.73%$196.26
48,200 at 2.74%$196.52
48,200 at 2.75%$196.77
48,200 at 2.76%$197.03
48,200 at 2.77%$197.28
48,200 at 2.78%$197.54
48,200 at 2.79%$197.79
48,200 at 2.8%$198.05
48,200 at 2.81%$198.31
48,200 at 2.82%$198.56
48,200 at 2.83%$198.82
48,200 at 2.84%$199.08
48,200 at 2.85%$199.33
48,200 at 2.86%$199.59
48,200 at 2.87%$199.85
48,200 at 2.88%$200.11
48,200 at 2.89%$200.36
48,200 at 2.9%$200.62
48,200 at 2.91%$200.88
48,200 at 2.92%$201.14
48,200 at 2.93%$201.40
48,200 at 2.94%$201.66
48,200 at 2.95%$201.92
48,200 at 2.96%$202.17
48,200 at 2.97%$202.43
48,200 at 2.98%$202.69
48,200 at 2.99%$202.95
48,200 at 3%$203.21
48,200 at 3.01%$203.47
48,200 at 3.02%$203.73
48,200 at 3.03%$203.99
48,200 at 3.04%$204.25
48,200 at 3.05%$204.52
48,200 at 3.06%$204.78
48,200 at 3.07%$205.04
48,200 at 3.08%$205.30
48,200 at 3.09%$205.56
48,200 at 3.1%$205.82
48,200 at 3.11%$206.08
48,200 at 3.12%$206.35
48,200 at 3.13%$206.61
48,200 at 3.14%$206.87
48,200 at 3.15%$207.13
48,200 at 3.16%$207.40
48,200 at 3.17%$207.66
48,200 at 3.18%$207.92
48,200 at 3.19%$208.19
48,200 at 3.2%$208.45
48,200 at 3.21%$208.71
48,200 at 3.22%$208.98
48,200 at 3.23%$209.24
48,200 at 3.24%$209.50
48,200 at 3.25%$209.77
48,200 at 3.26%$210.03
48,200 at 3.27%$210.30
48,200 at 3.28%$210.56
48,200 at 3.29%$210.83
48,200 at 3.3%$211.09
48,200 at 3.31%$211.36
48,200 at 3.32%$211.63
48,200 at 3.33%$211.89
48,200 at 3.34%$212.16
48,200 at 3.35%$212.42
48,200 at 3.36%$212.69
48,200 at 3.37%$212.96
48,200 at 3.38%$213.22
48,200 at 3.39%$213.49
48,200 at 3.4%$213.76
48,200 at 3.41%$214.03
48,200 at 3.42%$214.29
48,200 at 3.43%$214.56
48,200 at 3.44%$214.83
48,200 at 3.45%$215.10
48,200 at 3.46%$215.36
48,200 at 3.47%$215.63
48,200 at 3.48%$215.90
48,200 at 3.49%$216.17
48,200 at 3.5%$216.44
Interest Rate 30 Year
48,200 at 3.51%$216.71
48,200 at 3.52%$216.98
48,200 at 3.53%$217.25
48,200 at 3.54%$217.52
48,200 at 3.55%$217.79
48,200 at 3.56%$218.06
48,200 at 3.57%$218.33
48,200 at 3.58%$218.60
48,200 at 3.59%$218.87
48,200 at 3.6%$219.14
48,200 at 3.61%$219.41
48,200 at 3.62%$219.68
48,200 at 3.63%$219.95
48,200 at 3.64%$220.22
48,200 at 3.65%$220.50
48,200 at 3.66%$220.77
48,200 at 3.67%$221.04
48,200 at 3.68%$221.31
48,200 at 3.69%$221.58
48,200 at 3.7%$221.86
48,200 at 3.71%$222.13
48,200 at 3.72%$222.40
48,200 at 3.73%$222.68
48,200 at 3.74%$222.95
48,200 at 3.75%$223.22
48,200 at 3.76%$223.50
48,200 at 3.77%$223.77
48,200 at 3.78%$224.04
48,200 at 3.79%$224.32
48,200 at 3.8%$224.59
48,200 at 3.81%$224.87
48,200 at 3.82%$225.14
48,200 at 3.83%$225.42
48,200 at 3.84%$225.69
48,200 at 3.85%$225.97
48,200 at 3.86%$226.24
48,200 at 3.87%$226.52
48,200 at 3.88%$226.79
48,200 at 3.89%$227.07
48,200 at 3.9%$227.34
48,200 at 3.91%$227.62
48,200 at 3.92%$227.90
48,200 at 3.93%$228.17
48,200 at 3.94%$228.45
48,200 at 3.95%$228.73
48,200 at 3.96%$229.00
48,200 at 3.97%$229.28
48,200 at 3.98%$229.56
48,200 at 3.99%$229.84
48,200 at 4%$230.11
48,200 at 4.01%$230.39
48,200 at 4.02%$230.67
48,200 at 4.03%$230.95
48,200 at 4.04%$231.23
48,200 at 4.05%$231.51
48,200 at 4.06%$231.78
48,200 at 4.07%$232.06
48,200 at 4.08%$232.34
48,200 at 4.09%$232.62
48,200 at 4.1%$232.90
48,200 at 4.11%$233.18
48,200 at 4.12%$233.46
48,200 at 4.13%$233.74
48,200 at 4.14%$234.02
48,200 at 4.15%$234.30
48,200 at 4.16%$234.58
48,200 at 4.17%$234.86
48,200 at 4.18%$235.14
48,200 at 4.19%$235.43
48,200 at 4.2%$235.71
48,200 at 4.21%$235.99
48,200 at 4.22%$236.27
48,200 at 4.23%$236.55
48,200 at 4.24%$236.83
48,200 at 4.25%$237.12
48,200 at 4.26%$237.40
48,200 at 4.27%$237.68
48,200 at 4.28%$237.96
48,200 at 4.29%$238.25
48,200 at 4.3%$238.53
48,200 at 4.31%$238.81
48,200 at 4.32%$239.09
48,200 at 4.33%$239.38
48,200 at 4.34%$239.66
48,200 at 4.35%$239.95
48,200 at 4.36%$240.23
48,200 at 4.37%$240.51
48,200 at 4.38%$240.80
48,200 at 4.39%$241.08
48,200 at 4.4%$241.37
48,200 at 4.41%$241.65
48,200 at 4.42%$241.94
48,200 at 4.43%$242.22
48,200 at 4.44%$242.51
48,200 at 4.45%$242.79
48,200 at 4.46%$243.08
48,200 at 4.47%$243.36
48,200 at 4.48%$243.65
48,200 at 4.49%$243.94
48,200 at 4.5%$244.22
48,200 at 4.51%$244.51
48,200 at 4.52%$244.80
48,200 at 4.53%$245.08
48,200 at 4.54%$245.37
48,200 at 4.55%$245.66
48,200 at 4.56%$245.94
48,200 at 4.57%$246.23
48,200 at 4.58%$246.52
48,200 at 4.59%$246.81
48,200 at 4.6%$247.09
48,200 at 4.61%$247.38
48,200 at 4.62%$247.67
48,200 at 4.63%$247.96
48,200 at 4.64%$248.25
48,200 at 4.65%$248.54
48,200 at 4.66%$248.83
48,200 at 4.67%$249.12
48,200 at 4.68%$249.40
48,200 at 4.69%$249.69
48,200 at 4.7%$249.98
48,200 at 4.71%$250.27
48,200 at 4.72%$250.56
48,200 at 4.73%$250.85
48,200 at 4.74%$251.14
48,200 at 4.75%$251.43
48,200 at 4.76%$251.72
48,200 at 4.77%$252.02
48,200 at 4.78%$252.31
48,200 at 4.79%$252.60
48,200 at 4.8%$252.89
48,200 at 4.81%$253.18
48,200 at 4.82%$253.47
48,200 at 4.83%$253.76
48,200 at 4.84%$254.06
48,200 at 4.85%$254.35
48,200 at 4.86%$254.64
48,200 at 4.87%$254.93
48,200 at 4.88%$255.22
48,200 at 4.89%$255.52
48,200 at 4.9%$255.81
48,200 at 4.91%$256.10
48,200 at 4.92%$256.40
48,200 at 4.93%$256.69
48,200 at 4.94%$256.98
48,200 at 4.95%$257.28
48,200 at 4.96%$257.57
48,200 at 4.97%$257.87
48,200 at 4.98%$258.16
48,200 at 4.99%$258.45
48,200 at 5%$258.75
Interest Rate 30 Year
48,200 at 5.01%$259.04
48,200 at 5.02%$259.34
48,200 at 5.03%$259.63
48,200 at 5.04%$259.93
48,200 at 5.05%$260.22
48,200 at 5.06%$260.52
48,200 at 5.07%$260.81
48,200 at 5.08%$261.11
48,200 at 5.09%$261.41
48,200 at 5.1%$261.70
48,200 at 5.11%$262.00
48,200 at 5.12%$262.29
48,200 at 5.13%$262.59
48,200 at 5.14%$262.89
48,200 at 5.15%$263.18
48,200 at 5.16%$263.48
48,200 at 5.17%$263.78
48,200 at 5.18%$264.08
48,200 at 5.19%$264.37
48,200 at 5.2%$264.67
48,200 at 5.21%$264.97
48,200 at 5.22%$265.27
48,200 at 5.23%$265.57
48,200 at 5.24%$265.86
48,200 at 5.25%$266.16
48,200 at 5.26%$266.46
48,200 at 5.27%$266.76
48,200 at 5.28%$267.06
48,200 at 5.29%$267.36
48,200 at 5.3%$267.66
48,200 at 5.31%$267.96
48,200 at 5.32%$268.26
48,200 at 5.33%$268.56
48,200 at 5.34%$268.86
48,200 at 5.35%$269.16
48,200 at 5.36%$269.46
48,200 at 5.37%$269.76
48,200 at 5.38%$270.06
48,200 at 5.39%$270.36
48,200 at 5.4%$270.66
48,200 at 5.41%$270.96
48,200 at 5.42%$271.26
48,200 at 5.43%$271.56
48,200 at 5.44%$271.86
48,200 at 5.45%$272.16
48,200 at 5.46%$272.47
48,200 at 5.47%$272.77
48,200 at 5.48%$273.07
48,200 at 5.49%$273.37
48,200 at 5.5%$273.67
48,200 at 5.51%$273.98
48,200 at 5.52%$274.28
48,200 at 5.53%$274.58
48,200 at 5.54%$274.89
48,200 at 5.55%$275.19
48,200 at 5.56%$275.49
48,200 at 5.57%$275.79
48,200 at 5.58%$276.10
48,200 at 5.59%$276.40
48,200 at 5.6%$276.71
48,200 at 5.61%$277.01
48,200 at 5.62%$277.31
48,200 at 5.63%$277.62
48,200 at 5.64%$277.92
48,200 at 5.65%$278.23
48,200 at 5.66%$278.53
48,200 at 5.67%$278.84
48,200 at 5.68%$279.14
48,200 at 5.69%$279.45
48,200 at 5.7%$279.75
48,200 at 5.71%$280.06
48,200 at 5.72%$280.36
48,200 at 5.73%$280.67
48,200 at 5.74%$280.98
48,200 at 5.75%$281.28
48,200 at 5.76%$281.59
48,200 at 5.77%$281.89
48,200 at 5.78%$282.20
48,200 at 5.79%$282.51
48,200 at 5.8%$282.81
48,200 at 5.81%$283.12
48,200 at 5.82%$283.43
48,200 at 5.83%$283.74
48,200 at 5.84%$284.04
48,200 at 5.85%$284.35
48,200 at 5.86%$284.66
48,200 at 5.87%$284.97
48,200 at 5.88%$285.28
48,200 at 5.89%$285.58
48,200 at 5.9%$285.89
48,200 at 5.91%$286.20
48,200 at 5.92%$286.51
48,200 at 5.93%$286.82
48,200 at 5.94%$287.13
48,200 at 5.95%$287.44
48,200 at 5.96%$287.74
48,200 at 5.97%$288.05
48,200 at 5.98%$288.36
48,200 at 5.99%$288.67
48,200 at 6%$288.98
48,200 at 6.01%$289.29
48,200 at 6.02%$289.60
48,200 at 6.03%$289.91
48,200 at 6.04%$290.22
48,200 at 6.05%$290.53
48,200 at 6.06%$290.85
48,200 at 6.07%$291.16
48,200 at 6.08%$291.47
48,200 at 6.09%$291.78
48,200 at 6.1%$292.09
48,200 at 6.11%$292.40
48,200 at 6.12%$292.71
48,200 at 6.13%$293.02
48,200 at 6.14%$293.34
48,200 at 6.15%$293.65
48,200 at 6.16%$293.96
48,200 at 6.17%$294.27
48,200 at 6.18%$294.58
48,200 at 6.19%$294.90
48,200 at 6.2%$295.21
48,200 at 6.21%$295.52
48,200 at 6.22%$295.84
48,200 at 6.23%$296.15
48,200 at 6.24%$296.46
48,200 at 6.25%$296.78
48,200 at 6.26%$297.09
48,200 at 6.27%$297.40
48,200 at 6.28%$297.72
48,200 at 6.29%$298.03
48,200 at 6.3%$298.34
48,200 at 6.31%$298.66
48,200 at 6.32%$298.97
48,200 at 6.33%$299.29
48,200 at 6.34%$299.60
48,200 at 6.35%$299.92
48,200 at 6.36%$300.23
48,200 at 6.37%$300.55
48,200 at 6.38%$300.86
48,200 at 6.39%$301.18
48,200 at 6.4%$301.49
48,200 at 6.41%$301.81
48,200 at 6.42%$302.13
48,200 at 6.43%$302.44
48,200 at 6.44%$302.76
48,200 at 6.45%$303.07
48,200 at 6.46%$303.39
48,200 at 6.47%$303.71
48,200 at 6.48%$304.02
48,200 at 6.49%$304.34
48,200 at 6.5%$304.66
Interest Rate 30 Year
48,200 at 6.51%$304.97
48,200 at 6.52%$305.29
48,200 at 6.53%$305.61
48,200 at 6.54%$305.93
48,200 at 6.55%$306.24
48,200 at 6.56%$306.56
48,200 at 6.57%$306.88
48,200 at 6.58%$307.20
48,200 at 6.59%$307.52
48,200 at 6.6%$307.83
48,200 at 6.61%$308.15
48,200 at 6.62%$308.47
48,200 at 6.63%$308.79
48,200 at 6.64%$309.11
48,200 at 6.65%$309.43
48,200 at 6.66%$309.75
48,200 at 6.67%$310.07
48,200 at 6.68%$310.38
48,200 at 6.69%$310.70
48,200 at 6.7%$311.02
48,200 at 6.71%$311.34
48,200 at 6.72%$311.66
48,200 at 6.73%$311.98
48,200 at 6.74%$312.30
48,200 at 6.75%$312.62
48,200 at 6.76%$312.94
48,200 at 6.77%$313.27
48,200 at 6.78%$313.59
48,200 at 6.79%$313.91
48,200 at 6.8%$314.23
48,200 at 6.81%$314.55
48,200 at 6.82%$314.87
48,200 at 6.83%$315.19
48,200 at 6.84%$315.51
48,200 at 6.85%$315.83
48,200 at 6.86%$316.16
48,200 at 6.87%$316.48
48,200 at 6.88%$316.80
48,200 at 6.89%$317.12
48,200 at 6.9%$317.45
48,200 at 6.91%$317.77
48,200 at 6.92%$318.09
48,200 at 6.93%$318.41
48,200 at 6.94%$318.74
48,200 at 6.95%$319.06
48,200 at 6.96%$319.38
48,200 at 6.97%$319.71
48,200 at 6.98%$320.03
48,200 at 6.99%$320.35
48,200 at 7%$320.68
48,200 at 7.01%$321.00
48,200 at 7.02%$321.32
48,200 at 7.03%$321.65
48,200 at 7.04%$321.97
48,200 at 7.05%$322.30
48,200 at 7.06%$322.62
48,200 at 7.07%$322.94
48,200 at 7.08%$323.27
48,200 at 7.09%$323.59
48,200 at 7.1%$323.92
48,200 at 7.11%$324.24
48,200 at 7.12%$324.57
48,200 at 7.13%$324.90
48,200 at 7.14%$325.22
48,200 at 7.15%$325.55
48,200 at 7.16%$325.87
48,200 at 7.17%$326.20
48,200 at 7.18%$326.52
48,200 at 7.19%$326.85
48,200 at 7.2%$327.18
48,200 at 7.21%$327.50
48,200 at 7.22%$327.83
48,200 at 7.23%$328.16
48,200 at 7.24%$328.48
48,200 at 7.25%$328.81
48,200 at 7.26%$329.14
48,200 at 7.27%$329.46
48,200 at 7.28%$329.79
48,200 at 7.29%$330.12
48,200 at 7.3%$330.45
48,200 at 7.31%$330.77
48,200 at 7.32%$331.10
48,200 at 7.33%$331.43
48,200 at 7.34%$331.76
48,200 at 7.35%$332.08
48,200 at 7.36%$332.41
48,200 at 7.37%$332.74
48,200 at 7.38%$333.07
48,200 at 7.39%$333.40
48,200 at 7.4%$333.73
48,200 at 7.41%$334.06
48,200 at 7.42%$334.38
48,200 at 7.43%$334.71
48,200 at 7.44%$335.04
48,200 at 7.45%$335.37
48,200 at 7.46%$335.70
48,200 at 7.47%$336.03
48,200 at 7.48%$336.36
48,200 at 7.49%$336.69
48,200 at 7.5%$337.02
48,200 at 7.51%$337.35
48,200 at 7.52%$337.68
48,200 at 7.53%$338.01
48,200 at 7.54%$338.34
48,200 at 7.55%$338.67
48,200 at 7.56%$339.00
48,200 at 7.57%$339.33
48,200 at 7.58%$339.67
48,200 at 7.59%$340.00
48,200 at 7.6%$340.33
48,200 at 7.61%$340.66
48,200 at 7.62%$340.99
48,200 at 7.63%$341.32
48,200 at 7.64%$341.65
48,200 at 7.65%$341.99
48,200 at 7.66%$342.32
48,200 at 7.67%$342.65
48,200 at 7.68%$342.98
48,200 at 7.69%$343.31
48,200 at 7.7%$343.65
48,200 at 7.71%$343.98
48,200 at 7.72%$344.31
48,200 at 7.73%$344.64
48,200 at 7.74%$344.98
48,200 at 7.75%$345.31
48,200 at 7.76%$345.64
48,200 at 7.77%$345.98
48,200 at 7.78%$346.31
48,200 at 7.79%$346.64
48,200 at 7.8%$346.98
48,200 at 7.81%$347.31
48,200 at 7.82%$347.65
48,200 at 7.83%$347.98
48,200 at 7.84%$348.31
48,200 at 7.85%$348.65
48,200 at 7.86%$348.98
48,200 at 7.87%$349.32
48,200 at 7.88%$349.65
48,200 at 7.89%$349.99
48,200 at 7.9%$350.32
48,200 at 7.91%$350.66
48,200 at 7.92%$350.99
48,200 at 7.93%$351.33
48,200 at 7.94%$351.66
48,200 at 7.95%$352.00
48,200 at 7.96%$352.33
48,200 at 7.97%$352.67
48,200 at 7.98%$353.00
48,200 at 7.99%$353.34
48,200 at 8%$353.67
More Amounts
What is the down payment for a $48,200 house? How much do you need to put down?
Percent Down Down Payment
1%482
2%964
3%1,446
4%1,928
5%2,410
6%2,892
7%3,374
8%3,856
9%4,338
10%4,820
11%5,302
12%5,784
13%6,266
14%6,748
15%7,230
16%7,712
17%8,194
18%8,676
19%9,158
20%9,640
Percent Down Down Payment
21%10,122
22%10,604
23%11,086
24%11,568
25%12,050
26%12,532
27%13,014
28%13,496
29%13,978
30%14,460
31%14,942
32%15,424
33%15,906
34%16,388
35%16,870
36%17,352
37%17,834
38%18,316
39%18,798
40%19,280
Percent Down Down Payment
41%19,762
42%20,244
43%20,726
44%21,208
45%21,690
46%22,172
47%22,654
48%23,136
49%23,618
50%24,100
51%24,582
52%25,064
53%25,546
54%26,028
55%26,510
56%26,992
57%27,474
58%27,956
59%28,438
60%28,920
Percent Down Down Payment
61%29,402
62%29,884
63%30,366
64%30,848
65%31,330
66%31,812
67%32,294
68%32,776
69%33,258
70%33,740
71%34,222
72%34,704
73%35,186
74%35,668
75%36,150
76%36,632
77%37,114
78%37,596
79%38,078
80%38,560
Percent Down Down Payment
81%39,042
82%39,524
83%40,006
84%40,488
85%40,970
86%41,452
87%41,934
88%42,416
89%42,898
90%43,380
91%43,862
92%44,344
93%44,826
94%45,308
95%45,790
96%46,272
97%46,754
98%47,236
99%47,718
100%48,200
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.