$48,600 Mortgage for 30 Years

What is the monthly payment of a 48,600 dollar loan?
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Loan Tables for a $48,600 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 49k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $48,600 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
48,600 at 2.01%$179.88
48,600 at 2.02%$180.12
48,600 at 2.03%$180.37
48,600 at 2.04%$180.61
48,600 at 2.05%$180.85
48,600 at 2.06%$181.10
48,600 at 2.07%$181.34
48,600 at 2.08%$181.59
48,600 at 2.09%$181.83
48,600 at 2.1%$182.08
48,600 at 2.11%$182.32
48,600 at 2.12%$182.57
48,600 at 2.13%$182.81
48,600 at 2.14%$183.06
48,600 at 2.15%$183.30
48,600 at 2.16%$183.55
48,600 at 2.17%$183.79
48,600 at 2.18%$184.04
48,600 at 2.19%$184.29
48,600 at 2.2%$184.53
48,600 at 2.21%$184.78
48,600 at 2.22%$185.03
48,600 at 2.23%$185.28
48,600 at 2.24%$185.52
48,600 at 2.25%$185.77
48,600 at 2.26%$186.02
48,600 at 2.27%$186.27
48,600 at 2.28%$186.52
48,600 at 2.29%$186.76
48,600 at 2.3%$187.01
48,600 at 2.31%$187.26
48,600 at 2.32%$187.51
48,600 at 2.33%$187.76
48,600 at 2.34%$188.01
48,600 at 2.35%$188.26
48,600 at 2.36%$188.51
48,600 at 2.37%$188.76
48,600 at 2.38%$189.01
48,600 at 2.39%$189.26
48,600 at 2.4%$189.51
48,600 at 2.41%$189.76
48,600 at 2.42%$190.01
48,600 at 2.43%$190.26
48,600 at 2.44%$190.52
48,600 at 2.45%$190.77
48,600 at 2.46%$191.02
48,600 at 2.47%$191.27
48,600 at 2.48%$191.52
48,600 at 2.49%$191.78
48,600 at 2.5%$192.03
48,600 at 2.51%$192.28
48,600 at 2.52%$192.53
48,600 at 2.53%$192.79
48,600 at 2.54%$193.04
48,600 at 2.55%$193.29
48,600 at 2.56%$193.55
48,600 at 2.57%$193.80
48,600 at 2.58%$194.06
48,600 at 2.59%$194.31
48,600 at 2.6%$194.57
48,600 at 2.61%$194.82
48,600 at 2.62%$195.07
48,600 at 2.63%$195.33
48,600 at 2.64%$195.58
48,600 at 2.65%$195.84
48,600 at 2.66%$196.10
48,600 at 2.67%$196.35
48,600 at 2.68%$196.61
48,600 at 2.69%$196.86
48,600 at 2.7%$197.12
48,600 at 2.71%$197.38
48,600 at 2.72%$197.63
48,600 at 2.73%$197.89
48,600 at 2.74%$198.15
48,600 at 2.75%$198.41
48,600 at 2.76%$198.66
48,600 at 2.77%$198.92
48,600 at 2.78%$199.18
48,600 at 2.79%$199.44
48,600 at 2.8%$199.69
48,600 at 2.81%$199.95
48,600 at 2.82%$200.21
48,600 at 2.83%$200.47
48,600 at 2.84%$200.73
48,600 at 2.85%$200.99
48,600 at 2.86%$201.25
48,600 at 2.87%$201.51
48,600 at 2.88%$201.77
48,600 at 2.89%$202.03
48,600 at 2.9%$202.29
48,600 at 2.91%$202.55
48,600 at 2.92%$202.81
48,600 at 2.93%$203.07
48,600 at 2.94%$203.33
48,600 at 2.95%$203.59
48,600 at 2.96%$203.85
48,600 at 2.97%$204.11
48,600 at 2.98%$204.38
48,600 at 2.99%$204.64
48,600 at 3%$204.90
48,600 at 3.01%$205.16
48,600 at 3.02%$205.42
48,600 at 3.03%$205.69
48,600 at 3.04%$205.95
48,600 at 3.05%$206.21
48,600 at 3.06%$206.48
48,600 at 3.07%$206.74
48,600 at 3.08%$207.00
48,600 at 3.09%$207.27
48,600 at 3.1%$207.53
48,600 at 3.11%$207.79
48,600 at 3.12%$208.06
48,600 at 3.13%$208.32
48,600 at 3.14%$208.59
48,600 at 3.15%$208.85
48,600 at 3.16%$209.12
48,600 at 3.17%$209.38
48,600 at 3.18%$209.65
48,600 at 3.19%$209.91
48,600 at 3.2%$210.18
48,600 at 3.21%$210.44
48,600 at 3.22%$210.71
48,600 at 3.23%$210.98
48,600 at 3.24%$211.24
48,600 at 3.25%$211.51
48,600 at 3.26%$211.78
48,600 at 3.27%$212.04
48,600 at 3.28%$212.31
48,600 at 3.29%$212.58
48,600 at 3.3%$212.85
48,600 at 3.31%$213.11
48,600 at 3.32%$213.38
48,600 at 3.33%$213.65
48,600 at 3.34%$213.92
48,600 at 3.35%$214.19
48,600 at 3.36%$214.46
48,600 at 3.37%$214.72
48,600 at 3.38%$214.99
48,600 at 3.39%$215.26
48,600 at 3.4%$215.53
48,600 at 3.41%$215.80
48,600 at 3.42%$216.07
48,600 at 3.43%$216.34
48,600 at 3.44%$216.61
48,600 at 3.45%$216.88
48,600 at 3.46%$217.15
48,600 at 3.47%$217.42
48,600 at 3.48%$217.69
48,600 at 3.49%$217.96
48,600 at 3.5%$218.24
Interest Rate 30 Year
48,600 at 3.51%$218.51
48,600 at 3.52%$218.78
48,600 at 3.53%$219.05
48,600 at 3.54%$219.32
48,600 at 3.55%$219.59
48,600 at 3.56%$219.87
48,600 at 3.57%$220.14
48,600 at 3.58%$220.41
48,600 at 3.59%$220.68
48,600 at 3.6%$220.96
48,600 at 3.61%$221.23
48,600 at 3.62%$221.50
48,600 at 3.63%$221.78
48,600 at 3.64%$222.05
48,600 at 3.65%$222.33
48,600 at 3.66%$222.60
48,600 at 3.67%$222.87
48,600 at 3.68%$223.15
48,600 at 3.69%$223.42
48,600 at 3.7%$223.70
48,600 at 3.71%$223.97
48,600 at 3.72%$224.25
48,600 at 3.73%$224.52
48,600 at 3.74%$224.80
48,600 at 3.75%$225.07
48,600 at 3.76%$225.35
48,600 at 3.77%$225.63
48,600 at 3.78%$225.90
48,600 at 3.79%$226.18
48,600 at 3.8%$226.46
48,600 at 3.81%$226.73
48,600 at 3.82%$227.01
48,600 at 3.83%$227.29
48,600 at 3.84%$227.56
48,600 at 3.85%$227.84
48,600 at 3.86%$228.12
48,600 at 3.87%$228.40
48,600 at 3.88%$228.67
48,600 at 3.89%$228.95
48,600 at 3.9%$229.23
48,600 at 3.91%$229.51
48,600 at 3.92%$229.79
48,600 at 3.93%$230.07
48,600 at 3.94%$230.35
48,600 at 3.95%$230.63
48,600 at 3.96%$230.90
48,600 at 3.97%$231.18
48,600 at 3.98%$231.46
48,600 at 3.99%$231.74
48,600 at 4%$232.02
48,600 at 4.01%$232.30
48,600 at 4.02%$232.58
48,600 at 4.03%$232.87
48,600 at 4.04%$233.15
48,600 at 4.05%$233.43
48,600 at 4.06%$233.71
48,600 at 4.07%$233.99
48,600 at 4.08%$234.27
48,600 at 4.09%$234.55
48,600 at 4.1%$234.83
48,600 at 4.11%$235.12
48,600 at 4.12%$235.40
48,600 at 4.13%$235.68
48,600 at 4.14%$235.96
48,600 at 4.15%$236.25
48,600 at 4.16%$236.53
48,600 at 4.17%$236.81
48,600 at 4.18%$237.10
48,600 at 4.19%$237.38
48,600 at 4.2%$237.66
48,600 at 4.21%$237.95
48,600 at 4.22%$238.23
48,600 at 4.23%$238.51
48,600 at 4.24%$238.80
48,600 at 4.25%$239.08
48,600 at 4.26%$239.37
48,600 at 4.27%$239.65
48,600 at 4.28%$239.94
48,600 at 4.29%$240.22
48,600 at 4.3%$240.51
48,600 at 4.31%$240.79
48,600 at 4.32%$241.08
48,600 at 4.33%$241.36
48,600 at 4.34%$241.65
48,600 at 4.35%$241.94
48,600 at 4.36%$242.22
48,600 at 4.37%$242.51
48,600 at 4.38%$242.80
48,600 at 4.39%$243.08
48,600 at 4.4%$243.37
48,600 at 4.41%$243.66
48,600 at 4.42%$243.94
48,600 at 4.43%$244.23
48,600 at 4.44%$244.52
48,600 at 4.45%$244.81
48,600 at 4.46%$245.10
48,600 at 4.47%$245.38
48,600 at 4.48%$245.67
48,600 at 4.49%$245.96
48,600 at 4.5%$246.25
48,600 at 4.51%$246.54
48,600 at 4.52%$246.83
48,600 at 4.53%$247.12
48,600 at 4.54%$247.41
48,600 at 4.55%$247.70
48,600 at 4.56%$247.98
48,600 at 4.57%$248.27
48,600 at 4.58%$248.56
48,600 at 4.59%$248.85
48,600 at 4.6%$249.15
48,600 at 4.61%$249.44
48,600 at 4.62%$249.73
48,600 at 4.63%$250.02
48,600 at 4.64%$250.31
48,600 at 4.65%$250.60
48,600 at 4.66%$250.89
48,600 at 4.67%$251.18
48,600 at 4.68%$251.47
48,600 at 4.69%$251.77
48,600 at 4.7%$252.06
48,600 at 4.71%$252.35
48,600 at 4.72%$252.64
48,600 at 4.73%$252.94
48,600 at 4.74%$253.23
48,600 at 4.75%$253.52
48,600 at 4.76%$253.81
48,600 at 4.77%$254.11
48,600 at 4.78%$254.40
48,600 at 4.79%$254.69
48,600 at 4.8%$254.99
48,600 at 4.81%$255.28
48,600 at 4.82%$255.58
48,600 at 4.83%$255.87
48,600 at 4.84%$256.16
48,600 at 4.85%$256.46
48,600 at 4.86%$256.75
48,600 at 4.87%$257.05
48,600 at 4.88%$257.34
48,600 at 4.89%$257.64
48,600 at 4.9%$257.93
48,600 at 4.91%$258.23
48,600 at 4.92%$258.52
48,600 at 4.93%$258.82
48,600 at 4.94%$259.12
48,600 at 4.95%$259.41
48,600 at 4.96%$259.71
48,600 at 4.97%$260.00
48,600 at 4.98%$260.30
48,600 at 4.99%$260.60
48,600 at 5%$260.90
Interest Rate 30 Year
48,600 at 5.01%$261.19
48,600 at 5.02%$261.49
48,600 at 5.03%$261.79
48,600 at 5.04%$262.08
48,600 at 5.05%$262.38
48,600 at 5.06%$262.68
48,600 at 5.07%$262.98
48,600 at 5.08%$263.28
48,600 at 5.09%$263.58
48,600 at 5.1%$263.87
48,600 at 5.11%$264.17
48,600 at 5.12%$264.47
48,600 at 5.13%$264.77
48,600 at 5.14%$265.07
48,600 at 5.15%$265.37
48,600 at 5.16%$265.67
48,600 at 5.17%$265.97
48,600 at 5.18%$266.27
48,600 at 5.19%$266.57
48,600 at 5.2%$266.87
48,600 at 5.21%$267.17
48,600 at 5.22%$267.47
48,600 at 5.23%$267.77
48,600 at 5.24%$268.07
48,600 at 5.25%$268.37
48,600 at 5.26%$268.67
48,600 at 5.27%$268.97
48,600 at 5.28%$269.27
48,600 at 5.29%$269.58
48,600 at 5.3%$269.88
48,600 at 5.31%$270.18
48,600 at 5.32%$270.48
48,600 at 5.33%$270.78
48,600 at 5.34%$271.09
48,600 at 5.35%$271.39
48,600 at 5.36%$271.69
48,600 at 5.37%$271.99
48,600 at 5.38%$272.30
48,600 at 5.39%$272.60
48,600 at 5.4%$272.90
48,600 at 5.41%$273.21
48,600 at 5.42%$273.51
48,600 at 5.43%$273.81
48,600 at 5.44%$274.12
48,600 at 5.45%$274.42
48,600 at 5.46%$274.73
48,600 at 5.47%$275.03
48,600 at 5.48%$275.34
48,600 at 5.49%$275.64
48,600 at 5.5%$275.95
48,600 at 5.51%$276.25
48,600 at 5.52%$276.56
48,600 at 5.53%$276.86
48,600 at 5.54%$277.17
48,600 at 5.55%$277.47
48,600 at 5.56%$277.78
48,600 at 5.57%$278.08
48,600 at 5.58%$278.39
48,600 at 5.59%$278.70
48,600 at 5.6%$279.00
48,600 at 5.61%$279.31
48,600 at 5.62%$279.62
48,600 at 5.63%$279.92
48,600 at 5.64%$280.23
48,600 at 5.65%$280.54
48,600 at 5.66%$280.84
48,600 at 5.67%$281.15
48,600 at 5.68%$281.46
48,600 at 5.69%$281.77
48,600 at 5.7%$282.07
48,600 at 5.71%$282.38
48,600 at 5.72%$282.69
48,600 at 5.73%$283.00
48,600 at 5.74%$283.31
48,600 at 5.75%$283.62
48,600 at 5.76%$283.93
48,600 at 5.77%$284.23
48,600 at 5.78%$284.54
48,600 at 5.79%$284.85
48,600 at 5.8%$285.16
48,600 at 5.81%$285.47
48,600 at 5.82%$285.78
48,600 at 5.83%$286.09
48,600 at 5.84%$286.40
48,600 at 5.85%$286.71
48,600 at 5.86%$287.02
48,600 at 5.87%$287.33
48,600 at 5.88%$287.64
48,600 at 5.89%$287.95
48,600 at 5.9%$288.26
48,600 at 5.91%$288.58
48,600 at 5.92%$288.89
48,600 at 5.93%$289.20
48,600 at 5.94%$289.51
48,600 at 5.95%$289.82
48,600 at 5.96%$290.13
48,600 at 5.97%$290.44
48,600 at 5.98%$290.76
48,600 at 5.99%$291.07
48,600 at 6%$291.38
48,600 at 6.01%$291.69
48,600 at 6.02%$292.01
48,600 at 6.03%$292.32
48,600 at 6.04%$292.63
48,600 at 6.05%$292.95
48,600 at 6.06%$293.26
48,600 at 6.07%$293.57
48,600 at 6.08%$293.89
48,600 at 6.09%$294.20
48,600 at 6.1%$294.51
48,600 at 6.11%$294.83
48,600 at 6.12%$295.14
48,600 at 6.13%$295.46
48,600 at 6.14%$295.77
48,600 at 6.15%$296.08
48,600 at 6.16%$296.40
48,600 at 6.17%$296.71
48,600 at 6.18%$297.03
48,600 at 6.19%$297.34
48,600 at 6.2%$297.66
48,600 at 6.21%$297.98
48,600 at 6.22%$298.29
48,600 at 6.23%$298.61
48,600 at 6.24%$298.92
48,600 at 6.25%$299.24
48,600 at 6.26%$299.55
48,600 at 6.27%$299.87
48,600 at 6.28%$300.19
48,600 at 6.29%$300.50
48,600 at 6.3%$300.82
48,600 at 6.31%$301.14
48,600 at 6.32%$301.45
48,600 at 6.33%$301.77
48,600 at 6.34%$302.09
48,600 at 6.35%$302.41
48,600 at 6.36%$302.72
48,600 at 6.37%$303.04
48,600 at 6.38%$303.36
48,600 at 6.39%$303.68
48,600 at 6.4%$304.00
48,600 at 6.41%$304.31
48,600 at 6.42%$304.63
48,600 at 6.43%$304.95
48,600 at 6.44%$305.27
48,600 at 6.45%$305.59
48,600 at 6.46%$305.91
48,600 at 6.47%$306.23
48,600 at 6.48%$306.55
48,600 at 6.49%$306.87
48,600 at 6.5%$307.19
Interest Rate 30 Year
48,600 at 6.51%$307.50
48,600 at 6.52%$307.82
48,600 at 6.53%$308.14
48,600 at 6.54%$308.46
48,600 at 6.55%$308.78
48,600 at 6.56%$309.11
48,600 at 6.57%$309.43
48,600 at 6.58%$309.75
48,600 at 6.59%$310.07
48,600 at 6.6%$310.39
48,600 at 6.61%$310.71
48,600 at 6.62%$311.03
48,600 at 6.63%$311.35
48,600 at 6.64%$311.67
48,600 at 6.65%$311.99
48,600 at 6.66%$312.32
48,600 at 6.67%$312.64
48,600 at 6.68%$312.96
48,600 at 6.69%$313.28
48,600 at 6.7%$313.61
48,600 at 6.71%$313.93
48,600 at 6.72%$314.25
48,600 at 6.73%$314.57
48,600 at 6.74%$314.90
48,600 at 6.75%$315.22
48,600 at 6.76%$315.54
48,600 at 6.77%$315.87
48,600 at 6.78%$316.19
48,600 at 6.79%$316.51
48,600 at 6.8%$316.84
48,600 at 6.81%$317.16
48,600 at 6.82%$317.48
48,600 at 6.83%$317.81
48,600 at 6.84%$318.13
48,600 at 6.85%$318.46
48,600 at 6.86%$318.78
48,600 at 6.87%$319.11
48,600 at 6.88%$319.43
48,600 at 6.89%$319.75
48,600 at 6.9%$320.08
48,600 at 6.91%$320.40
48,600 at 6.92%$320.73
48,600 at 6.93%$321.06
48,600 at 6.94%$321.38
48,600 at 6.95%$321.71
48,600 at 6.96%$322.03
48,600 at 6.97%$322.36
48,600 at 6.98%$322.68
48,600 at 6.99%$323.01
48,600 at 7%$323.34
48,600 at 7.01%$323.66
48,600 at 7.02%$323.99
48,600 at 7.03%$324.32
48,600 at 7.04%$324.64
48,600 at 7.05%$324.97
48,600 at 7.06%$325.30
48,600 at 7.07%$325.63
48,600 at 7.08%$325.95
48,600 at 7.09%$326.28
48,600 at 7.1%$326.61
48,600 at 7.11%$326.94
48,600 at 7.12%$327.26
48,600 at 7.13%$327.59
48,600 at 7.14%$327.92
48,600 at 7.15%$328.25
48,600 at 7.16%$328.58
48,600 at 7.17%$328.90
48,600 at 7.18%$329.23
48,600 at 7.19%$329.56
48,600 at 7.2%$329.89
48,600 at 7.21%$330.22
48,600 at 7.22%$330.55
48,600 at 7.23%$330.88
48,600 at 7.24%$331.21
48,600 at 7.25%$331.54
48,600 at 7.26%$331.87
48,600 at 7.27%$332.20
48,600 at 7.28%$332.53
48,600 at 7.29%$332.86
48,600 at 7.3%$333.19
48,600 at 7.31%$333.52
48,600 at 7.32%$333.85
48,600 at 7.33%$334.18
48,600 at 7.34%$334.51
48,600 at 7.35%$334.84
48,600 at 7.36%$335.17
48,600 at 7.37%$335.50
48,600 at 7.38%$335.83
48,600 at 7.39%$336.17
48,600 at 7.4%$336.50
48,600 at 7.41%$336.83
48,600 at 7.42%$337.16
48,600 at 7.43%$337.49
48,600 at 7.44%$337.82
48,600 at 7.45%$338.16
48,600 at 7.46%$338.49
48,600 at 7.47%$338.82
48,600 at 7.48%$339.15
48,600 at 7.49%$339.49
48,600 at 7.5%$339.82
48,600 at 7.51%$340.15
48,600 at 7.52%$340.48
48,600 at 7.53%$340.82
48,600 at 7.54%$341.15
48,600 at 7.55%$341.48
48,600 at 7.56%$341.82
48,600 at 7.57%$342.15
48,600 at 7.58%$342.48
48,600 at 7.59%$342.82
48,600 at 7.6%$343.15
48,600 at 7.61%$343.49
48,600 at 7.62%$343.82
48,600 at 7.63%$344.15
48,600 at 7.64%$344.49
48,600 at 7.65%$344.82
48,600 at 7.66%$345.16
48,600 at 7.67%$345.49
48,600 at 7.68%$345.83
48,600 at 7.69%$346.16
48,600 at 7.7%$346.50
48,600 at 7.71%$346.83
48,600 at 7.72%$347.17
48,600 at 7.73%$347.50
48,600 at 7.74%$347.84
48,600 at 7.75%$348.18
48,600 at 7.76%$348.51
48,600 at 7.77%$348.85
48,600 at 7.78%$349.18
48,600 at 7.79%$349.52
48,600 at 7.8%$349.86
48,600 at 7.81%$350.19
48,600 at 7.82%$350.53
48,600 at 7.83%$350.87
48,600 at 7.84%$351.20
48,600 at 7.85%$351.54
48,600 at 7.86%$351.88
48,600 at 7.87%$352.22
48,600 at 7.88%$352.55
48,600 at 7.89%$352.89
48,600 at 7.9%$353.23
48,600 at 7.91%$353.57
48,600 at 7.92%$353.90
48,600 at 7.93%$354.24
48,600 at 7.94%$354.58
48,600 at 7.95%$354.92
48,600 at 7.96%$355.26
48,600 at 7.97%$355.59
48,600 at 7.98%$355.93
48,600 at 7.99%$356.27
48,600 at 8%$356.61
More Amounts
What is the down payment for a $48,600 house? How much do you need to put down?
Percent Down Down Payment
1%486
2%972
3%1,458
4%1,944
5%2,430
6%2,916
7%3,402
8%3,888
9%4,374
10%4,860
11%5,346
12%5,832
13%6,318
14%6,804
15%7,290
16%7,776
17%8,262
18%8,748
19%9,234
20%9,720
Percent Down Down Payment
21%10,206
22%10,692
23%11,178
24%11,664
25%12,150
26%12,636
27%13,122
28%13,608
29%14,094
30%14,580
31%15,066
32%15,552
33%16,038
34%16,524
35%17,010
36%17,496
37%17,982
38%18,468
39%18,954
40%19,440
Percent Down Down Payment
41%19,926
42%20,412
43%20,898
44%21,384
45%21,870
46%22,356
47%22,842
48%23,328
49%23,814
50%24,300
51%24,786
52%25,272
53%25,758
54%26,244
55%26,730
56%27,216
57%27,702
58%28,188
59%28,674
60%29,160
Percent Down Down Payment
61%29,646
62%30,132
63%30,618
64%31,104
65%31,590
66%32,076
67%32,562
68%33,048
69%33,534
70%34,020
71%34,506
72%34,992
73%35,478
74%35,964
75%36,450
76%36,936
77%37,422
78%37,908
79%38,394
80%38,880
Percent Down Down Payment
81%39,366
82%39,852
83%40,338
84%40,824
85%41,310
86%41,796
87%42,282
88%42,768
89%43,254
90%43,740
91%44,226
92%44,712
93%45,198
94%45,684
95%46,170
96%46,656
97%47,142
98%47,628
99%48,114
100%48,600
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.