$48,700 Mortgage for 30 Years

What is the monthly payment of a 48,700 dollar loan?
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Loan Tables for a $48,700 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 $48,700 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
48,700 at 2.01%$180.25
48,700 at 2.02%$180.49
48,700 at 2.03%$180.74
48,700 at 2.04%$180.98
48,700 at 2.05%$181.22
48,700 at 2.06%$181.47
48,700 at 2.07%$181.71
48,700 at 2.08%$181.96
48,700 at 2.09%$182.20
48,700 at 2.1%$182.45
48,700 at 2.11%$182.70
48,700 at 2.12%$182.94
48,700 at 2.13%$183.19
48,700 at 2.14%$183.43
48,700 at 2.15%$183.68
48,700 at 2.16%$183.93
48,700 at 2.17%$184.17
48,700 at 2.18%$184.42
48,700 at 2.19%$184.67
48,700 at 2.2%$184.91
48,700 at 2.21%$185.16
48,700 at 2.22%$185.41
48,700 at 2.23%$185.66
48,700 at 2.24%$185.91
48,700 at 2.25%$186.15
48,700 at 2.26%$186.40
48,700 at 2.27%$186.65
48,700 at 2.28%$186.90
48,700 at 2.29%$187.15
48,700 at 2.3%$187.40
48,700 at 2.31%$187.65
48,700 at 2.32%$187.90
48,700 at 2.33%$188.15
48,700 at 2.34%$188.40
48,700 at 2.35%$188.65
48,700 at 2.36%$188.90
48,700 at 2.37%$189.15
48,700 at 2.38%$189.40
48,700 at 2.39%$189.65
48,700 at 2.4%$189.90
48,700 at 2.41%$190.15
48,700 at 2.42%$190.40
48,700 at 2.43%$190.66
48,700 at 2.44%$190.91
48,700 at 2.45%$191.16
48,700 at 2.46%$191.41
48,700 at 2.47%$191.67
48,700 at 2.48%$191.92
48,700 at 2.49%$192.17
48,700 at 2.5%$192.42
48,700 at 2.51%$192.68
48,700 at 2.52%$192.93
48,700 at 2.53%$193.18
48,700 at 2.54%$193.44
48,700 at 2.55%$193.69
48,700 at 2.56%$193.95
48,700 at 2.57%$194.20
48,700 at 2.58%$194.46
48,700 at 2.59%$194.71
48,700 at 2.6%$194.97
48,700 at 2.61%$195.22
48,700 at 2.62%$195.48
48,700 at 2.63%$195.73
48,700 at 2.64%$195.99
48,700 at 2.65%$196.24
48,700 at 2.66%$196.50
48,700 at 2.67%$196.76
48,700 at 2.68%$197.01
48,700 at 2.69%$197.27
48,700 at 2.7%$197.53
48,700 at 2.71%$197.78
48,700 at 2.72%$198.04
48,700 at 2.73%$198.30
48,700 at 2.74%$198.56
48,700 at 2.75%$198.81
48,700 at 2.76%$199.07
48,700 at 2.77%$199.33
48,700 at 2.78%$199.59
48,700 at 2.79%$199.85
48,700 at 2.8%$200.11
48,700 at 2.81%$200.36
48,700 at 2.82%$200.62
48,700 at 2.83%$200.88
48,700 at 2.84%$201.14
48,700 at 2.85%$201.40
48,700 at 2.86%$201.66
48,700 at 2.87%$201.92
48,700 at 2.88%$202.18
48,700 at 2.89%$202.44
48,700 at 2.9%$202.70
48,700 at 2.91%$202.96
48,700 at 2.92%$203.23
48,700 at 2.93%$203.49
48,700 at 2.94%$203.75
48,700 at 2.95%$204.01
48,700 at 2.96%$204.27
48,700 at 2.97%$204.53
48,700 at 2.98%$204.80
48,700 at 2.99%$205.06
48,700 at 3%$205.32
48,700 at 3.01%$205.58
48,700 at 3.02%$205.85
48,700 at 3.03%$206.11
48,700 at 3.04%$206.37
48,700 at 3.05%$206.64
48,700 at 3.06%$206.90
48,700 at 3.07%$207.16
48,700 at 3.08%$207.43
48,700 at 3.09%$207.69
48,700 at 3.1%$207.96
48,700 at 3.11%$208.22
48,700 at 3.12%$208.49
48,700 at 3.13%$208.75
48,700 at 3.14%$209.02
48,700 at 3.15%$209.28
48,700 at 3.16%$209.55
48,700 at 3.17%$209.81
48,700 at 3.18%$210.08
48,700 at 3.19%$210.35
48,700 at 3.2%$210.61
48,700 at 3.21%$210.88
48,700 at 3.22%$211.14
48,700 at 3.23%$211.41
48,700 at 3.24%$211.68
48,700 at 3.25%$211.95
48,700 at 3.26%$212.21
48,700 at 3.27%$212.48
48,700 at 3.28%$212.75
48,700 at 3.29%$213.02
48,700 at 3.3%$213.28
48,700 at 3.31%$213.55
48,700 at 3.32%$213.82
48,700 at 3.33%$214.09
48,700 at 3.34%$214.36
48,700 at 3.35%$214.63
48,700 at 3.36%$214.90
48,700 at 3.37%$215.17
48,700 at 3.38%$215.44
48,700 at 3.39%$215.71
48,700 at 3.4%$215.98
48,700 at 3.41%$216.25
48,700 at 3.42%$216.52
48,700 at 3.43%$216.79
48,700 at 3.44%$217.06
48,700 at 3.45%$217.33
48,700 at 3.46%$217.60
48,700 at 3.47%$217.87
48,700 at 3.48%$218.14
48,700 at 3.49%$218.41
48,700 at 3.5%$218.68
Interest Rate 30 Year
48,700 at 3.51%$218.96
48,700 at 3.52%$219.23
48,700 at 3.53%$219.50
48,700 at 3.54%$219.77
48,700 at 3.55%$220.05
48,700 at 3.56%$220.32
48,700 at 3.57%$220.59
48,700 at 3.58%$220.87
48,700 at 3.59%$221.14
48,700 at 3.6%$221.41
48,700 at 3.61%$221.69
48,700 at 3.62%$221.96
48,700 at 3.63%$222.23
48,700 at 3.64%$222.51
48,700 at 3.65%$222.78
48,700 at 3.66%$223.06
48,700 at 3.67%$223.33
48,700 at 3.68%$223.61
48,700 at 3.69%$223.88
48,700 at 3.7%$224.16
48,700 at 3.71%$224.43
48,700 at 3.72%$224.71
48,700 at 3.73%$224.98
48,700 at 3.74%$225.26
48,700 at 3.75%$225.54
48,700 at 3.76%$225.81
48,700 at 3.77%$226.09
48,700 at 3.78%$226.37
48,700 at 3.79%$226.64
48,700 at 3.8%$226.92
48,700 at 3.81%$227.20
48,700 at 3.82%$227.48
48,700 at 3.83%$227.75
48,700 at 3.84%$228.03
48,700 at 3.85%$228.31
48,700 at 3.86%$228.59
48,700 at 3.87%$228.87
48,700 at 3.88%$229.14
48,700 at 3.89%$229.42
48,700 at 3.9%$229.70
48,700 at 3.91%$229.98
48,700 at 3.92%$230.26
48,700 at 3.93%$230.54
48,700 at 3.94%$230.82
48,700 at 3.95%$231.10
48,700 at 3.96%$231.38
48,700 at 3.97%$231.66
48,700 at 3.98%$231.94
48,700 at 3.99%$232.22
48,700 at 4%$232.50
48,700 at 4.01%$232.78
48,700 at 4.02%$233.06
48,700 at 4.03%$233.34
48,700 at 4.04%$233.63
48,700 at 4.05%$233.91
48,700 at 4.06%$234.19
48,700 at 4.07%$234.47
48,700 at 4.08%$234.75
48,700 at 4.09%$235.04
48,700 at 4.1%$235.32
48,700 at 4.11%$235.60
48,700 at 4.12%$235.88
48,700 at 4.13%$236.17
48,700 at 4.14%$236.45
48,700 at 4.15%$236.73
48,700 at 4.16%$237.02
48,700 at 4.17%$237.30
48,700 at 4.18%$237.58
48,700 at 4.19%$237.87
48,700 at 4.2%$238.15
48,700 at 4.21%$238.44
48,700 at 4.22%$238.72
48,700 at 4.23%$239.00
48,700 at 4.24%$239.29
48,700 at 4.25%$239.57
48,700 at 4.26%$239.86
48,700 at 4.27%$240.15
48,700 at 4.28%$240.43
48,700 at 4.29%$240.72
48,700 at 4.3%$241.00
48,700 at 4.31%$241.29
48,700 at 4.32%$241.57
48,700 at 4.33%$241.86
48,700 at 4.34%$242.15
48,700 at 4.35%$242.43
48,700 at 4.36%$242.72
48,700 at 4.37%$243.01
48,700 at 4.38%$243.30
48,700 at 4.39%$243.58
48,700 at 4.4%$243.87
48,700 at 4.41%$244.16
48,700 at 4.42%$244.45
48,700 at 4.43%$244.73
48,700 at 4.44%$245.02
48,700 at 4.45%$245.31
48,700 at 4.46%$245.60
48,700 at 4.47%$245.89
48,700 at 4.48%$246.18
48,700 at 4.49%$246.47
48,700 at 4.5%$246.76
48,700 at 4.51%$247.05
48,700 at 4.52%$247.33
48,700 at 4.53%$247.62
48,700 at 4.54%$247.91
48,700 at 4.55%$248.20
48,700 at 4.56%$248.49
48,700 at 4.57%$248.79
48,700 at 4.58%$249.08
48,700 at 4.59%$249.37
48,700 at 4.6%$249.66
48,700 at 4.61%$249.95
48,700 at 4.62%$250.24
48,700 at 4.63%$250.53
48,700 at 4.64%$250.82
48,700 at 4.65%$251.12
48,700 at 4.66%$251.41
48,700 at 4.67%$251.70
48,700 at 4.68%$251.99
48,700 at 4.69%$252.28
48,700 at 4.7%$252.58
48,700 at 4.71%$252.87
48,700 at 4.72%$253.16
48,700 at 4.73%$253.46
48,700 at 4.74%$253.75
48,700 at 4.75%$254.04
48,700 at 4.76%$254.34
48,700 at 4.77%$254.63
48,700 at 4.78%$254.92
48,700 at 4.79%$255.22
48,700 at 4.8%$255.51
48,700 at 4.81%$255.81
48,700 at 4.82%$256.10
48,700 at 4.83%$256.40
48,700 at 4.84%$256.69
48,700 at 4.85%$256.99
48,700 at 4.86%$257.28
48,700 at 4.87%$257.58
48,700 at 4.88%$257.87
48,700 at 4.89%$258.17
48,700 at 4.9%$258.46
48,700 at 4.91%$258.76
48,700 at 4.92%$259.06
48,700 at 4.93%$259.35
48,700 at 4.94%$259.65
48,700 at 4.95%$259.95
48,700 at 4.96%$260.24
48,700 at 4.97%$260.54
48,700 at 4.98%$260.84
48,700 at 4.99%$261.13
48,700 at 5%$261.43
Interest Rate 30 Year
48,700 at 5.01%$261.73
48,700 at 5.02%$262.03
48,700 at 5.03%$262.33
48,700 at 5.04%$262.62
48,700 at 5.05%$262.92
48,700 at 5.06%$263.22
48,700 at 5.07%$263.52
48,700 at 5.08%$263.82
48,700 at 5.09%$264.12
48,700 at 5.1%$264.42
48,700 at 5.11%$264.72
48,700 at 5.12%$265.02
48,700 at 5.13%$265.31
48,700 at 5.14%$265.61
48,700 at 5.15%$265.91
48,700 at 5.16%$266.21
48,700 at 5.17%$266.52
48,700 at 5.18%$266.82
48,700 at 5.19%$267.12
48,700 at 5.2%$267.42
48,700 at 5.21%$267.72
48,700 at 5.22%$268.02
48,700 at 5.23%$268.32
48,700 at 5.24%$268.62
48,700 at 5.25%$268.92
48,700 at 5.26%$269.22
48,700 at 5.27%$269.53
48,700 at 5.28%$269.83
48,700 at 5.29%$270.13
48,700 at 5.3%$270.43
48,700 at 5.31%$270.74
48,700 at 5.32%$271.04
48,700 at 5.33%$271.34
48,700 at 5.34%$271.64
48,700 at 5.35%$271.95
48,700 at 5.36%$272.25
48,700 at 5.37%$272.55
48,700 at 5.38%$272.86
48,700 at 5.39%$273.16
48,700 at 5.4%$273.47
48,700 at 5.41%$273.77
48,700 at 5.42%$274.07
48,700 at 5.43%$274.38
48,700 at 5.44%$274.68
48,700 at 5.45%$274.99
48,700 at 5.46%$275.29
48,700 at 5.47%$275.60
48,700 at 5.48%$275.90
48,700 at 5.49%$276.21
48,700 at 5.5%$276.51
48,700 at 5.51%$276.82
48,700 at 5.52%$277.12
48,700 at 5.53%$277.43
48,700 at 5.54%$277.74
48,700 at 5.55%$278.04
48,700 at 5.56%$278.35
48,700 at 5.57%$278.66
48,700 at 5.58%$278.96
48,700 at 5.59%$279.27
48,700 at 5.6%$279.58
48,700 at 5.61%$279.88
48,700 at 5.62%$280.19
48,700 at 5.63%$280.50
48,700 at 5.64%$280.81
48,700 at 5.65%$281.11
48,700 at 5.66%$281.42
48,700 at 5.67%$281.73
48,700 at 5.68%$282.04
48,700 at 5.69%$282.35
48,700 at 5.7%$282.66
48,700 at 5.71%$282.96
48,700 at 5.72%$283.27
48,700 at 5.73%$283.58
48,700 at 5.74%$283.89
48,700 at 5.75%$284.20
48,700 at 5.76%$284.51
48,700 at 5.77%$284.82
48,700 at 5.78%$285.13
48,700 at 5.79%$285.44
48,700 at 5.8%$285.75
48,700 at 5.81%$286.06
48,700 at 5.82%$286.37
48,700 at 5.83%$286.68
48,700 at 5.84%$286.99
48,700 at 5.85%$287.30
48,700 at 5.86%$287.61
48,700 at 5.87%$287.92
48,700 at 5.88%$288.23
48,700 at 5.89%$288.55
48,700 at 5.9%$288.86
48,700 at 5.91%$289.17
48,700 at 5.92%$289.48
48,700 at 5.93%$289.79
48,700 at 5.94%$290.11
48,700 at 5.95%$290.42
48,700 at 5.96%$290.73
48,700 at 5.97%$291.04
48,700 at 5.98%$291.36
48,700 at 5.99%$291.67
48,700 at 6%$291.98
48,700 at 6.01%$292.29
48,700 at 6.02%$292.61
48,700 at 6.03%$292.92
48,700 at 6.04%$293.23
48,700 at 6.05%$293.55
48,700 at 6.06%$293.86
48,700 at 6.07%$294.18
48,700 at 6.08%$294.49
48,700 at 6.09%$294.80
48,700 at 6.1%$295.12
48,700 at 6.11%$295.43
48,700 at 6.12%$295.75
48,700 at 6.13%$296.06
48,700 at 6.14%$296.38
48,700 at 6.15%$296.69
48,700 at 6.16%$297.01
48,700 at 6.17%$297.32
48,700 at 6.18%$297.64
48,700 at 6.19%$297.96
48,700 at 6.2%$298.27
48,700 at 6.21%$298.59
48,700 at 6.22%$298.90
48,700 at 6.23%$299.22
48,700 at 6.24%$299.54
48,700 at 6.25%$299.85
48,700 at 6.26%$300.17
48,700 at 6.27%$300.49
48,700 at 6.28%$300.81
48,700 at 6.29%$301.12
48,700 at 6.3%$301.44
48,700 at 6.31%$301.76
48,700 at 6.32%$302.07
48,700 at 6.33%$302.39
48,700 at 6.34%$302.71
48,700 at 6.35%$303.03
48,700 at 6.36%$303.35
48,700 at 6.37%$303.67
48,700 at 6.38%$303.98
48,700 at 6.39%$304.30
48,700 at 6.4%$304.62
48,700 at 6.41%$304.94
48,700 at 6.42%$305.26
48,700 at 6.43%$305.58
48,700 at 6.44%$305.90
48,700 at 6.45%$306.22
48,700 at 6.46%$306.54
48,700 at 6.47%$306.86
48,700 at 6.48%$307.18
48,700 at 6.49%$307.50
48,700 at 6.5%$307.82
Interest Rate 30 Year
48,700 at 6.51%$308.14
48,700 at 6.52%$308.46
48,700 at 6.53%$308.78
48,700 at 6.54%$309.10
48,700 at 6.55%$309.42
48,700 at 6.56%$309.74
48,700 at 6.57%$310.06
48,700 at 6.58%$310.38
48,700 at 6.59%$310.71
48,700 at 6.6%$311.03
48,700 at 6.61%$311.35
48,700 at 6.62%$311.67
48,700 at 6.63%$311.99
48,700 at 6.64%$312.31
48,700 at 6.65%$312.64
48,700 at 6.66%$312.96
48,700 at 6.67%$313.28
48,700 at 6.68%$313.60
48,700 at 6.69%$313.93
48,700 at 6.7%$314.25
48,700 at 6.71%$314.57
48,700 at 6.72%$314.90
48,700 at 6.73%$315.22
48,700 at 6.74%$315.54
48,700 at 6.75%$315.87
48,700 at 6.76%$316.19
48,700 at 6.77%$316.51
48,700 at 6.78%$316.84
48,700 at 6.79%$317.16
48,700 at 6.8%$317.49
48,700 at 6.81%$317.81
48,700 at 6.82%$318.14
48,700 at 6.83%$318.46
48,700 at 6.84%$318.79
48,700 at 6.85%$319.11
48,700 at 6.86%$319.44
48,700 at 6.87%$319.76
48,700 at 6.88%$320.09
48,700 at 6.89%$320.41
48,700 at 6.9%$320.74
48,700 at 6.91%$321.06
48,700 at 6.92%$321.39
48,700 at 6.93%$321.72
48,700 at 6.94%$322.04
48,700 at 6.95%$322.37
48,700 at 6.96%$322.70
48,700 at 6.97%$323.02
48,700 at 6.98%$323.35
48,700 at 6.99%$323.68
48,700 at 7%$324.00
48,700 at 7.01%$324.33
48,700 at 7.02%$324.66
48,700 at 7.03%$324.98
48,700 at 7.04%$325.31
48,700 at 7.05%$325.64
48,700 at 7.06%$325.97
48,700 at 7.07%$326.30
48,700 at 7.08%$326.62
48,700 at 7.09%$326.95
48,700 at 7.1%$327.28
48,700 at 7.11%$327.61
48,700 at 7.12%$327.94
48,700 at 7.13%$328.27
48,700 at 7.14%$328.59
48,700 at 7.15%$328.92
48,700 at 7.16%$329.25
48,700 at 7.17%$329.58
48,700 at 7.18%$329.91
48,700 at 7.19%$330.24
48,700 at 7.2%$330.57
48,700 at 7.21%$330.90
48,700 at 7.22%$331.23
48,700 at 7.23%$331.56
48,700 at 7.24%$331.89
48,700 at 7.25%$332.22
48,700 at 7.26%$332.55
48,700 at 7.27%$332.88
48,700 at 7.28%$333.21
48,700 at 7.29%$333.54
48,700 at 7.3%$333.87
48,700 at 7.31%$334.20
48,700 at 7.32%$334.54
48,700 at 7.33%$334.87
48,700 at 7.34%$335.20
48,700 at 7.35%$335.53
48,700 at 7.36%$335.86
48,700 at 7.37%$336.19
48,700 at 7.38%$336.52
48,700 at 7.39%$336.86
48,700 at 7.4%$337.19
48,700 at 7.41%$337.52
48,700 at 7.42%$337.85
48,700 at 7.43%$338.19
48,700 at 7.44%$338.52
48,700 at 7.45%$338.85
48,700 at 7.46%$339.18
48,700 at 7.47%$339.52
48,700 at 7.48%$339.85
48,700 at 7.49%$340.18
48,700 at 7.5%$340.52
48,700 at 7.51%$340.85
48,700 at 7.52%$341.18
48,700 at 7.53%$341.52
48,700 at 7.54%$341.85
48,700 at 7.55%$342.19
48,700 at 7.56%$342.52
48,700 at 7.57%$342.85
48,700 at 7.58%$343.19
48,700 at 7.59%$343.52
48,700 at 7.6%$343.86
48,700 at 7.61%$344.19
48,700 at 7.62%$344.53
48,700 at 7.63%$344.86
48,700 at 7.64%$345.20
48,700 at 7.65%$345.53
48,700 at 7.66%$345.87
48,700 at 7.67%$346.20
48,700 at 7.68%$346.54
48,700 at 7.69%$346.88
48,700 at 7.7%$347.21
48,700 at 7.71%$347.55
48,700 at 7.72%$347.88
48,700 at 7.73%$348.22
48,700 at 7.74%$348.56
48,700 at 7.75%$348.89
48,700 at 7.76%$349.23
48,700 at 7.77%$349.57
48,700 at 7.78%$349.90
48,700 at 7.79%$350.24
48,700 at 7.8%$350.58
48,700 at 7.81%$350.91
48,700 at 7.82%$351.25
48,700 at 7.83%$351.59
48,700 at 7.84%$351.93
48,700 at 7.85%$352.26
48,700 at 7.86%$352.60
48,700 at 7.87%$352.94
48,700 at 7.88%$353.28
48,700 at 7.89%$353.62
48,700 at 7.9%$353.95
48,700 at 7.91%$354.29
48,700 at 7.92%$354.63
48,700 at 7.93%$354.97
48,700 at 7.94%$355.31
48,700 at 7.95%$355.65
48,700 at 7.96%$355.99
48,700 at 7.97%$356.33
48,700 at 7.98%$356.66
48,700 at 7.99%$357.00
48,700 at 8%$357.34
More Amounts
What is the down payment for a $48,700 house? How much do you need to put down?
Percent Down Down Payment
1%487
2%974
3%1,461
4%1,948
5%2,435
6%2,922
7%3,409
8%3,896
9%4,383
10%4,870
11%5,357
12%5,844
13%6,331
14%6,818
15%7,305
16%7,792
17%8,279
18%8,766
19%9,253
20%9,740
Percent Down Down Payment
21%10,227
22%10,714
23%11,201
24%11,688
25%12,175
26%12,662
27%13,149
28%13,636
29%14,123
30%14,610
31%15,097
32%15,584
33%16,071
34%16,558
35%17,045
36%17,532
37%18,019
38%18,506
39%18,993
40%19,480
Percent Down Down Payment
41%19,967
42%20,454
43%20,941
44%21,428
45%21,915
46%22,402
47%22,889
48%23,376
49%23,863
50%24,350
51%24,837
52%25,324
53%25,811
54%26,298
55%26,785
56%27,272
57%27,759
58%28,246
59%28,733
60%29,220
Percent Down Down Payment
61%29,707
62%30,194
63%30,681
64%31,168
65%31,655
66%32,142
67%32,629
68%33,116
69%33,603
70%34,090
71%34,577
72%35,064
73%35,551
74%36,038
75%36,525
76%37,012
77%37,499
78%37,986
79%38,473
80%38,960
Percent Down Down Payment
81%39,447
82%39,934
83%40,421
84%40,908
85%41,395
86%41,882
87%42,369
88%42,856
89%43,343
90%43,830
91%44,317
92%44,804
93%45,291
94%45,778
95%46,265
96%46,752
97%47,239
98%47,726
99%48,213
100%48,700
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.