$48,450 Mortgage for 30 Years

What is the monthly payment of a 48,450 dollar loan?
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Loan Tables for a $48,450 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 $48,450 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
48,450 at 2.01%$179.32
48,450 at 2.02%$179.57
48,450 at 2.03%$179.81
48,450 at 2.04%$180.05
48,450 at 2.05%$180.29
48,450 at 2.06%$180.54
48,450 at 2.07%$180.78
48,450 at 2.08%$181.03
48,450 at 2.09%$181.27
48,450 at 2.1%$181.51
48,450 at 2.11%$181.76
48,450 at 2.12%$182.00
48,450 at 2.13%$182.25
48,450 at 2.14%$182.49
48,450 at 2.15%$182.74
48,450 at 2.16%$182.98
48,450 at 2.17%$183.23
48,450 at 2.18%$183.47
48,450 at 2.19%$183.72
48,450 at 2.2%$183.97
48,450 at 2.21%$184.21
48,450 at 2.22%$184.46
48,450 at 2.23%$184.70
48,450 at 2.24%$184.95
48,450 at 2.25%$185.20
48,450 at 2.26%$185.45
48,450 at 2.27%$185.69
48,450 at 2.28%$185.94
48,450 at 2.29%$186.19
48,450 at 2.3%$186.44
48,450 at 2.31%$186.68
48,450 at 2.32%$186.93
48,450 at 2.33%$187.18
48,450 at 2.34%$187.43
48,450 at 2.35%$187.68
48,450 at 2.36%$187.93
48,450 at 2.37%$188.18
48,450 at 2.38%$188.43
48,450 at 2.39%$188.68
48,450 at 2.4%$188.93
48,450 at 2.41%$189.18
48,450 at 2.42%$189.43
48,450 at 2.43%$189.68
48,450 at 2.44%$189.93
48,450 at 2.45%$190.18
48,450 at 2.46%$190.43
48,450 at 2.47%$190.68
48,450 at 2.48%$190.93
48,450 at 2.49%$191.18
48,450 at 2.5%$191.44
48,450 at 2.51%$191.69
48,450 at 2.52%$191.94
48,450 at 2.53%$192.19
48,450 at 2.54%$192.45
48,450 at 2.55%$192.70
48,450 at 2.56%$192.95
48,450 at 2.57%$193.20
48,450 at 2.58%$193.46
48,450 at 2.59%$193.71
48,450 at 2.6%$193.96
48,450 at 2.61%$194.22
48,450 at 2.62%$194.47
48,450 at 2.63%$194.73
48,450 at 2.64%$194.98
48,450 at 2.65%$195.24
48,450 at 2.66%$195.49
48,450 at 2.67%$195.75
48,450 at 2.68%$196.00
48,450 at 2.69%$196.26
48,450 at 2.7%$196.51
48,450 at 2.71%$196.77
48,450 at 2.72%$197.02
48,450 at 2.73%$197.28
48,450 at 2.74%$197.54
48,450 at 2.75%$197.79
48,450 at 2.76%$198.05
48,450 at 2.77%$198.31
48,450 at 2.78%$198.56
48,450 at 2.79%$198.82
48,450 at 2.8%$199.08
48,450 at 2.81%$199.34
48,450 at 2.82%$199.59
48,450 at 2.83%$199.85
48,450 at 2.84%$200.11
48,450 at 2.85%$200.37
48,450 at 2.86%$200.63
48,450 at 2.87%$200.89
48,450 at 2.88%$201.14
48,450 at 2.89%$201.40
48,450 at 2.9%$201.66
48,450 at 2.91%$201.92
48,450 at 2.92%$202.18
48,450 at 2.93%$202.44
48,450 at 2.94%$202.70
48,450 at 2.95%$202.96
48,450 at 2.96%$203.22
48,450 at 2.97%$203.48
48,450 at 2.98%$203.74
48,450 at 2.99%$204.01
48,450 at 3%$204.27
48,450 at 3.01%$204.53
48,450 at 3.02%$204.79
48,450 at 3.03%$205.05
48,450 at 3.04%$205.31
48,450 at 3.05%$205.58
48,450 at 3.06%$205.84
48,450 at 3.07%$206.10
48,450 at 3.08%$206.36
48,450 at 3.09%$206.63
48,450 at 3.1%$206.89
48,450 at 3.11%$207.15
48,450 at 3.12%$207.42
48,450 at 3.13%$207.68
48,450 at 3.14%$207.94
48,450 at 3.15%$208.21
48,450 at 3.16%$208.47
48,450 at 3.17%$208.74
48,450 at 3.18%$209.00
48,450 at 3.19%$209.27
48,450 at 3.2%$209.53
48,450 at 3.21%$209.80
48,450 at 3.22%$210.06
48,450 at 3.23%$210.33
48,450 at 3.24%$210.59
48,450 at 3.25%$210.86
48,450 at 3.26%$211.12
48,450 at 3.27%$211.39
48,450 at 3.28%$211.66
48,450 at 3.29%$211.92
48,450 at 3.3%$212.19
48,450 at 3.31%$212.46
48,450 at 3.32%$212.72
48,450 at 3.33%$212.99
48,450 at 3.34%$213.26
48,450 at 3.35%$213.53
48,450 at 3.36%$213.79
48,450 at 3.37%$214.06
48,450 at 3.38%$214.33
48,450 at 3.39%$214.60
48,450 at 3.4%$214.87
48,450 at 3.41%$215.14
48,450 at 3.42%$215.40
48,450 at 3.43%$215.67
48,450 at 3.44%$215.94
48,450 at 3.45%$216.21
48,450 at 3.46%$216.48
48,450 at 3.47%$216.75
48,450 at 3.48%$217.02
48,450 at 3.49%$217.29
48,450 at 3.5%$217.56
Interest Rate 30 Year
48,450 at 3.51%$217.83
48,450 at 3.52%$218.10
48,450 at 3.53%$218.37
48,450 at 3.54%$218.65
48,450 at 3.55%$218.92
48,450 at 3.56%$219.19
48,450 at 3.57%$219.46
48,450 at 3.58%$219.73
48,450 at 3.59%$220.00
48,450 at 3.6%$220.28
48,450 at 3.61%$220.55
48,450 at 3.62%$220.82
48,450 at 3.63%$221.09
48,450 at 3.64%$221.37
48,450 at 3.65%$221.64
48,450 at 3.66%$221.91
48,450 at 3.67%$222.19
48,450 at 3.68%$222.46
48,450 at 3.69%$222.73
48,450 at 3.7%$223.01
48,450 at 3.71%$223.28
48,450 at 3.72%$223.56
48,450 at 3.73%$223.83
48,450 at 3.74%$224.10
48,450 at 3.75%$224.38
48,450 at 3.76%$224.65
48,450 at 3.77%$224.93
48,450 at 3.78%$225.21
48,450 at 3.79%$225.48
48,450 at 3.8%$225.76
48,450 at 3.81%$226.03
48,450 at 3.82%$226.31
48,450 at 3.83%$226.58
48,450 at 3.84%$226.86
48,450 at 3.85%$227.14
48,450 at 3.86%$227.41
48,450 at 3.87%$227.69
48,450 at 3.88%$227.97
48,450 at 3.89%$228.25
48,450 at 3.9%$228.52
48,450 at 3.91%$228.80
48,450 at 3.92%$229.08
48,450 at 3.93%$229.36
48,450 at 3.94%$229.63
48,450 at 3.95%$229.91
48,450 at 3.96%$230.19
48,450 at 3.97%$230.47
48,450 at 3.98%$230.75
48,450 at 3.99%$231.03
48,450 at 4%$231.31
48,450 at 4.01%$231.59
48,450 at 4.02%$231.87
48,450 at 4.03%$232.15
48,450 at 4.04%$232.43
48,450 at 4.05%$232.71
48,450 at 4.06%$232.99
48,450 at 4.07%$233.27
48,450 at 4.08%$233.55
48,450 at 4.09%$233.83
48,450 at 4.1%$234.11
48,450 at 4.11%$234.39
48,450 at 4.12%$234.67
48,450 at 4.13%$234.95
48,450 at 4.14%$235.24
48,450 at 4.15%$235.52
48,450 at 4.16%$235.80
48,450 at 4.17%$236.08
48,450 at 4.18%$236.36
48,450 at 4.19%$236.65
48,450 at 4.2%$236.93
48,450 at 4.21%$237.21
48,450 at 4.22%$237.49
48,450 at 4.23%$237.78
48,450 at 4.24%$238.06
48,450 at 4.25%$238.34
48,450 at 4.26%$238.63
48,450 at 4.27%$238.91
48,450 at 4.28%$239.20
48,450 at 4.29%$239.48
48,450 at 4.3%$239.77
48,450 at 4.31%$240.05
48,450 at 4.32%$240.33
48,450 at 4.33%$240.62
48,450 at 4.34%$240.90
48,450 at 4.35%$241.19
48,450 at 4.36%$241.48
48,450 at 4.37%$241.76
48,450 at 4.38%$242.05
48,450 at 4.39%$242.33
48,450 at 4.4%$242.62
48,450 at 4.41%$242.90
48,450 at 4.42%$243.19
48,450 at 4.43%$243.48
48,450 at 4.44%$243.76
48,450 at 4.45%$244.05
48,450 at 4.46%$244.34
48,450 at 4.47%$244.63
48,450 at 4.48%$244.91
48,450 at 4.49%$245.20
48,450 at 4.5%$245.49
48,450 at 4.51%$245.78
48,450 at 4.52%$246.07
48,450 at 4.53%$246.35
48,450 at 4.54%$246.64
48,450 at 4.55%$246.93
48,450 at 4.56%$247.22
48,450 at 4.57%$247.51
48,450 at 4.58%$247.80
48,450 at 4.59%$248.09
48,450 at 4.6%$248.38
48,450 at 4.61%$248.67
48,450 at 4.62%$248.96
48,450 at 4.63%$249.25
48,450 at 4.64%$249.54
48,450 at 4.65%$249.83
48,450 at 4.66%$250.12
48,450 at 4.67%$250.41
48,450 at 4.68%$250.70
48,450 at 4.69%$250.99
48,450 at 4.7%$251.28
48,450 at 4.71%$251.57
48,450 at 4.72%$251.86
48,450 at 4.73%$252.15
48,450 at 4.74%$252.45
48,450 at 4.75%$252.74
48,450 at 4.76%$253.03
48,450 at 4.77%$253.32
48,450 at 4.78%$253.61
48,450 at 4.79%$253.91
48,450 at 4.8%$254.20
48,450 at 4.81%$254.49
48,450 at 4.82%$254.79
48,450 at 4.83%$255.08
48,450 at 4.84%$255.37
48,450 at 4.85%$255.67
48,450 at 4.86%$255.96
48,450 at 4.87%$256.25
48,450 at 4.88%$256.55
48,450 at 4.89%$256.84
48,450 at 4.9%$257.14
48,450 at 4.91%$257.43
48,450 at 4.92%$257.73
48,450 at 4.93%$258.02
48,450 at 4.94%$258.32
48,450 at 4.95%$258.61
48,450 at 4.96%$258.91
48,450 at 4.97%$259.20
48,450 at 4.98%$259.50
48,450 at 4.99%$259.79
48,450 at 5%$260.09
Interest Rate 30 Year
48,450 at 5.01%$260.39
48,450 at 5.02%$260.68
48,450 at 5.03%$260.98
48,450 at 5.04%$261.28
48,450 at 5.05%$261.57
48,450 at 5.06%$261.87
48,450 at 5.07%$262.17
48,450 at 5.08%$262.46
48,450 at 5.09%$262.76
48,450 at 5.1%$263.06
48,450 at 5.11%$263.36
48,450 at 5.12%$263.65
48,450 at 5.13%$263.95
48,450 at 5.14%$264.25
48,450 at 5.15%$264.55
48,450 at 5.16%$264.85
48,450 at 5.17%$265.15
48,450 at 5.18%$265.45
48,450 at 5.19%$265.75
48,450 at 5.2%$266.04
48,450 at 5.21%$266.34
48,450 at 5.22%$266.64
48,450 at 5.23%$266.94
48,450 at 5.24%$267.24
48,450 at 5.25%$267.54
48,450 at 5.26%$267.84
48,450 at 5.27%$268.14
48,450 at 5.28%$268.44
48,450 at 5.29%$268.74
48,450 at 5.3%$269.05
48,450 at 5.31%$269.35
48,450 at 5.32%$269.65
48,450 at 5.33%$269.95
48,450 at 5.34%$270.25
48,450 at 5.35%$270.55
48,450 at 5.36%$270.85
48,450 at 5.37%$271.16
48,450 at 5.38%$271.46
48,450 at 5.39%$271.76
48,450 at 5.4%$272.06
48,450 at 5.41%$272.36
48,450 at 5.42%$272.67
48,450 at 5.43%$272.97
48,450 at 5.44%$273.27
48,450 at 5.45%$273.58
48,450 at 5.46%$273.88
48,450 at 5.47%$274.18
48,450 at 5.48%$274.49
48,450 at 5.49%$274.79
48,450 at 5.5%$275.09
48,450 at 5.51%$275.40
48,450 at 5.52%$275.70
48,450 at 5.53%$276.01
48,450 at 5.54%$276.31
48,450 at 5.55%$276.62
48,450 at 5.56%$276.92
48,450 at 5.57%$277.23
48,450 at 5.58%$277.53
48,450 at 5.59%$277.84
48,450 at 5.6%$278.14
48,450 at 5.61%$278.45
48,450 at 5.62%$278.75
48,450 at 5.63%$279.06
48,450 at 5.64%$279.36
48,450 at 5.65%$279.67
48,450 at 5.66%$279.98
48,450 at 5.67%$280.28
48,450 at 5.68%$280.59
48,450 at 5.69%$280.90
48,450 at 5.7%$281.20
48,450 at 5.71%$281.51
48,450 at 5.72%$281.82
48,450 at 5.73%$282.13
48,450 at 5.74%$282.43
48,450 at 5.75%$282.74
48,450 at 5.76%$283.05
48,450 at 5.77%$283.36
48,450 at 5.78%$283.67
48,450 at 5.79%$283.97
48,450 at 5.8%$284.28
48,450 at 5.81%$284.59
48,450 at 5.82%$284.90
48,450 at 5.83%$285.21
48,450 at 5.84%$285.52
48,450 at 5.85%$285.83
48,450 at 5.86%$286.14
48,450 at 5.87%$286.45
48,450 at 5.88%$286.75
48,450 at 5.89%$287.06
48,450 at 5.9%$287.37
48,450 at 5.91%$287.68
48,450 at 5.92%$287.99
48,450 at 5.93%$288.31
48,450 at 5.94%$288.62
48,450 at 5.95%$288.93
48,450 at 5.96%$289.24
48,450 at 5.97%$289.55
48,450 at 5.98%$289.86
48,450 at 5.99%$290.17
48,450 at 6%$290.48
48,450 at 6.01%$290.79
48,450 at 6.02%$291.11
48,450 at 6.03%$291.42
48,450 at 6.04%$291.73
48,450 at 6.05%$292.04
48,450 at 6.06%$292.35
48,450 at 6.07%$292.67
48,450 at 6.08%$292.98
48,450 at 6.09%$293.29
48,450 at 6.1%$293.60
48,450 at 6.11%$293.92
48,450 at 6.12%$294.23
48,450 at 6.13%$294.54
48,450 at 6.14%$294.86
48,450 at 6.15%$295.17
48,450 at 6.16%$295.48
48,450 at 6.17%$295.80
48,450 at 6.18%$296.11
48,450 at 6.19%$296.43
48,450 at 6.2%$296.74
48,450 at 6.21%$297.06
48,450 at 6.22%$297.37
48,450 at 6.23%$297.69
48,450 at 6.24%$298.00
48,450 at 6.25%$298.31
48,450 at 6.26%$298.63
48,450 at 6.27%$298.95
48,450 at 6.28%$299.26
48,450 at 6.29%$299.58
48,450 at 6.3%$299.89
48,450 at 6.31%$300.21
48,450 at 6.32%$300.52
48,450 at 6.33%$300.84
48,450 at 6.34%$301.16
48,450 at 6.35%$301.47
48,450 at 6.36%$301.79
48,450 at 6.37%$302.11
48,450 at 6.38%$302.42
48,450 at 6.39%$302.74
48,450 at 6.4%$303.06
48,450 at 6.41%$303.37
48,450 at 6.42%$303.69
48,450 at 6.43%$304.01
48,450 at 6.44%$304.33
48,450 at 6.45%$304.65
48,450 at 6.46%$304.96
48,450 at 6.47%$305.28
48,450 at 6.48%$305.60
48,450 at 6.49%$305.92
48,450 at 6.5%$306.24
Interest Rate 30 Year
48,450 at 6.51%$306.56
48,450 at 6.52%$306.87
48,450 at 6.53%$307.19
48,450 at 6.54%$307.51
48,450 at 6.55%$307.83
48,450 at 6.56%$308.15
48,450 at 6.57%$308.47
48,450 at 6.58%$308.79
48,450 at 6.59%$309.11
48,450 at 6.6%$309.43
48,450 at 6.61%$309.75
48,450 at 6.62%$310.07
48,450 at 6.63%$310.39
48,450 at 6.64%$310.71
48,450 at 6.65%$311.03
48,450 at 6.66%$311.35
48,450 at 6.67%$311.67
48,450 at 6.68%$311.99
48,450 at 6.69%$312.32
48,450 at 6.7%$312.64
48,450 at 6.71%$312.96
48,450 at 6.72%$313.28
48,450 at 6.73%$313.60
48,450 at 6.74%$313.92
48,450 at 6.75%$314.25
48,450 at 6.76%$314.57
48,450 at 6.77%$314.89
48,450 at 6.78%$315.21
48,450 at 6.79%$315.54
48,450 at 6.8%$315.86
48,450 at 6.81%$316.18
48,450 at 6.82%$316.50
48,450 at 6.83%$316.83
48,450 at 6.84%$317.15
48,450 at 6.85%$317.47
48,450 at 6.86%$317.80
48,450 at 6.87%$318.12
48,450 at 6.88%$318.44
48,450 at 6.89%$318.77
48,450 at 6.9%$319.09
48,450 at 6.91%$319.42
48,450 at 6.92%$319.74
48,450 at 6.93%$320.06
48,450 at 6.94%$320.39
48,450 at 6.95%$320.71
48,450 at 6.96%$321.04
48,450 at 6.97%$321.36
48,450 at 6.98%$321.69
48,450 at 6.99%$322.01
48,450 at 7%$322.34
48,450 at 7.01%$322.66
48,450 at 7.02%$322.99
48,450 at 7.03%$323.32
48,450 at 7.04%$323.64
48,450 at 7.05%$323.97
48,450 at 7.06%$324.29
48,450 at 7.07%$324.62
48,450 at 7.08%$324.95
48,450 at 7.09%$325.27
48,450 at 7.1%$325.60
48,450 at 7.11%$325.93
48,450 at 7.12%$326.25
48,450 at 7.13%$326.58
48,450 at 7.14%$326.91
48,450 at 7.15%$327.23
48,450 at 7.16%$327.56
48,450 at 7.17%$327.89
48,450 at 7.18%$328.22
48,450 at 7.19%$328.54
48,450 at 7.2%$328.87
48,450 at 7.21%$329.20
48,450 at 7.22%$329.53
48,450 at 7.23%$329.86
48,450 at 7.24%$330.19
48,450 at 7.25%$330.51
48,450 at 7.26%$330.84
48,450 at 7.27%$331.17
48,450 at 7.28%$331.50
48,450 at 7.29%$331.83
48,450 at 7.3%$332.16
48,450 at 7.31%$332.49
48,450 at 7.32%$332.82
48,450 at 7.33%$333.15
48,450 at 7.34%$333.48
48,450 at 7.35%$333.81
48,450 at 7.36%$334.14
48,450 at 7.37%$334.47
48,450 at 7.38%$334.80
48,450 at 7.39%$335.13
48,450 at 7.4%$335.46
48,450 at 7.41%$335.79
48,450 at 7.42%$336.12
48,450 at 7.43%$336.45
48,450 at 7.44%$336.78
48,450 at 7.45%$337.11
48,450 at 7.46%$337.44
48,450 at 7.47%$337.77
48,450 at 7.48%$338.11
48,450 at 7.49%$338.44
48,450 at 7.5%$338.77
48,450 at 7.51%$339.10
48,450 at 7.52%$339.43
48,450 at 7.53%$339.77
48,450 at 7.54%$340.10
48,450 at 7.55%$340.43
48,450 at 7.56%$340.76
48,450 at 7.57%$341.09
48,450 at 7.58%$341.43
48,450 at 7.59%$341.76
48,450 at 7.6%$342.09
48,450 at 7.61%$342.43
48,450 at 7.62%$342.76
48,450 at 7.63%$343.09
48,450 at 7.64%$343.43
48,450 at 7.65%$343.76
48,450 at 7.66%$344.09
48,450 at 7.67%$344.43
48,450 at 7.68%$344.76
48,450 at 7.69%$345.10
48,450 at 7.7%$345.43
48,450 at 7.71%$345.76
48,450 at 7.72%$346.10
48,450 at 7.73%$346.43
48,450 at 7.74%$346.77
48,450 at 7.75%$347.10
48,450 at 7.76%$347.44
48,450 at 7.77%$347.77
48,450 at 7.78%$348.11
48,450 at 7.79%$348.44
48,450 at 7.8%$348.78
48,450 at 7.81%$349.11
48,450 at 7.82%$349.45
48,450 at 7.83%$349.78
48,450 at 7.84%$350.12
48,450 at 7.85%$350.46
48,450 at 7.86%$350.79
48,450 at 7.87%$351.13
48,450 at 7.88%$351.46
48,450 at 7.89%$351.80
48,450 at 7.9%$352.14
48,450 at 7.91%$352.47
48,450 at 7.92%$352.81
48,450 at 7.93%$353.15
48,450 at 7.94%$353.48
48,450 at 7.95%$353.82
48,450 at 7.96%$354.16
48,450 at 7.97%$354.50
48,450 at 7.98%$354.83
48,450 at 7.99%$355.17
48,450 at 8%$355.51
More Amounts
What is the down payment for a $48,450 house? How much do you need to put down?
Percent Down Down Payment
1%485
2%969
3%1,454
4%1,938
5%2,423
6%2,907
7%3,392
8%3,876
9%4,361
10%4,845
11%5,330
12%5,814
13%6,299
14%6,783
15%7,268
16%7,752
17%8,237
18%8,721
19%9,206
20%9,690
Percent Down Down Payment
21%10,175
22%10,659
23%11,144
24%11,628
25%12,113
26%12,597
27%13,082
28%13,566
29%14,051
30%14,535
31%15,020
32%15,504
33%15,989
34%16,473
35%16,958
36%17,442
37%17,927
38%18,411
39%18,896
40%19,380
Percent Down Down Payment
41%19,865
42%20,349
43%20,834
44%21,318
45%21,803
46%22,287
47%22,772
48%23,256
49%23,741
50%24,225
51%24,710
52%25,194
53%25,679
54%26,163
55%26,648
56%27,132
57%27,617
58%28,101
59%28,586
60%29,070
Percent Down Down Payment
61%29,555
62%30,039
63%30,524
64%31,008
65%31,493
66%31,977
67%32,462
68%32,946
69%33,431
70%33,915
71%34,400
72%34,884
73%35,369
74%35,853
75%36,338
76%36,822
77%37,307
78%37,791
79%38,276
80%38,760
Percent Down Down Payment
81%39,245
82%39,729
83%40,214
84%40,698
85%41,183
86%41,667
87%42,152
88%42,636
89%43,121
90%43,605
91%44,090
92%44,574
93%45,059
94%45,543
95%46,028
96%46,512
97%46,997
98%47,481
99%47,966
100%48,450
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.