$48,900 Mortgage for 30 Years

What is the monthly payment of a 48,900 dollar loan?
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Loan Tables for a $48,900 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 $48,900 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
48,900 at 2.01%$180.99
48,900 at 2.02%$181.23
48,900 at 2.03%$181.48
48,900 at 2.04%$181.72
48,900 at 2.05%$181.97
48,900 at 2.06%$182.21
48,900 at 2.07%$182.46
48,900 at 2.08%$182.71
48,900 at 2.09%$182.95
48,900 at 2.1%$183.20
48,900 at 2.11%$183.45
48,900 at 2.12%$183.69
48,900 at 2.13%$183.94
48,900 at 2.14%$184.19
48,900 at 2.15%$184.43
48,900 at 2.16%$184.68
48,900 at 2.17%$184.93
48,900 at 2.18%$185.18
48,900 at 2.19%$185.43
48,900 at 2.2%$185.67
48,900 at 2.21%$185.92
48,900 at 2.22%$186.17
48,900 at 2.23%$186.42
48,900 at 2.24%$186.67
48,900 at 2.25%$186.92
48,900 at 2.26%$187.17
48,900 at 2.27%$187.42
48,900 at 2.28%$187.67
48,900 at 2.29%$187.92
48,900 at 2.3%$188.17
48,900 at 2.31%$188.42
48,900 at 2.32%$188.67
48,900 at 2.33%$188.92
48,900 at 2.34%$189.17
48,900 at 2.35%$189.42
48,900 at 2.36%$189.67
48,900 at 2.37%$189.93
48,900 at 2.38%$190.18
48,900 at 2.39%$190.43
48,900 at 2.4%$190.68
48,900 at 2.41%$190.93
48,900 at 2.42%$191.19
48,900 at 2.43%$191.44
48,900 at 2.44%$191.69
48,900 at 2.45%$191.95
48,900 at 2.46%$192.20
48,900 at 2.47%$192.45
48,900 at 2.48%$192.71
48,900 at 2.49%$192.96
48,900 at 2.5%$193.21
48,900 at 2.51%$193.47
48,900 at 2.52%$193.72
48,900 at 2.53%$193.98
48,900 at 2.54%$194.23
48,900 at 2.55%$194.49
48,900 at 2.56%$194.74
48,900 at 2.57%$195.00
48,900 at 2.58%$195.25
48,900 at 2.59%$195.51
48,900 at 2.6%$195.77
48,900 at 2.61%$196.02
48,900 at 2.62%$196.28
48,900 at 2.63%$196.54
48,900 at 2.64%$196.79
48,900 at 2.65%$197.05
48,900 at 2.66%$197.31
48,900 at 2.67%$197.56
48,900 at 2.68%$197.82
48,900 at 2.69%$198.08
48,900 at 2.7%$198.34
48,900 at 2.71%$198.60
48,900 at 2.72%$198.85
48,900 at 2.73%$199.11
48,900 at 2.74%$199.37
48,900 at 2.75%$199.63
48,900 at 2.76%$199.89
48,900 at 2.77%$200.15
48,900 at 2.78%$200.41
48,900 at 2.79%$200.67
48,900 at 2.8%$200.93
48,900 at 2.81%$201.19
48,900 at 2.82%$201.45
48,900 at 2.83%$201.71
48,900 at 2.84%$201.97
48,900 at 2.85%$202.23
48,900 at 2.86%$202.49
48,900 at 2.87%$202.75
48,900 at 2.88%$203.01
48,900 at 2.89%$203.27
48,900 at 2.9%$203.54
48,900 at 2.91%$203.80
48,900 at 2.92%$204.06
48,900 at 2.93%$204.32
48,900 at 2.94%$204.59
48,900 at 2.95%$204.85
48,900 at 2.96%$205.11
48,900 at 2.97%$205.37
48,900 at 2.98%$205.64
48,900 at 2.99%$205.90
48,900 at 3%$206.16
48,900 at 3.01%$206.43
48,900 at 3.02%$206.69
48,900 at 3.03%$206.96
48,900 at 3.04%$207.22
48,900 at 3.05%$207.49
48,900 at 3.06%$207.75
48,900 at 3.07%$208.02
48,900 at 3.08%$208.28
48,900 at 3.09%$208.55
48,900 at 3.1%$208.81
48,900 at 3.11%$209.08
48,900 at 3.12%$209.34
48,900 at 3.13%$209.61
48,900 at 3.14%$209.87
48,900 at 3.15%$210.14
48,900 at 3.16%$210.41
48,900 at 3.17%$210.67
48,900 at 3.18%$210.94
48,900 at 3.19%$211.21
48,900 at 3.2%$211.48
48,900 at 3.21%$211.74
48,900 at 3.22%$212.01
48,900 at 3.23%$212.28
48,900 at 3.24%$212.55
48,900 at 3.25%$212.82
48,900 at 3.26%$213.08
48,900 at 3.27%$213.35
48,900 at 3.28%$213.62
48,900 at 3.29%$213.89
48,900 at 3.3%$214.16
48,900 at 3.31%$214.43
48,900 at 3.32%$214.70
48,900 at 3.33%$214.97
48,900 at 3.34%$215.24
48,900 at 3.35%$215.51
48,900 at 3.36%$215.78
48,900 at 3.37%$216.05
48,900 at 3.38%$216.32
48,900 at 3.39%$216.59
48,900 at 3.4%$216.86
48,900 at 3.41%$217.13
48,900 at 3.42%$217.40
48,900 at 3.43%$217.68
48,900 at 3.44%$217.95
48,900 at 3.45%$218.22
48,900 at 3.46%$218.49
48,900 at 3.47%$218.76
48,900 at 3.48%$219.04
48,900 at 3.49%$219.31
48,900 at 3.5%$219.58
Interest Rate 30 Year
48,900 at 3.51%$219.86
48,900 at 3.52%$220.13
48,900 at 3.53%$220.40
48,900 at 3.54%$220.68
48,900 at 3.55%$220.95
48,900 at 3.56%$221.22
48,900 at 3.57%$221.50
48,900 at 3.58%$221.77
48,900 at 3.59%$222.05
48,900 at 3.6%$222.32
48,900 at 3.61%$222.60
48,900 at 3.62%$222.87
48,900 at 3.63%$223.15
48,900 at 3.64%$223.42
48,900 at 3.65%$223.70
48,900 at 3.66%$223.97
48,900 at 3.67%$224.25
48,900 at 3.68%$224.53
48,900 at 3.69%$224.80
48,900 at 3.7%$225.08
48,900 at 3.71%$225.36
48,900 at 3.72%$225.63
48,900 at 3.73%$225.91
48,900 at 3.74%$226.19
48,900 at 3.75%$226.46
48,900 at 3.76%$226.74
48,900 at 3.77%$227.02
48,900 at 3.78%$227.30
48,900 at 3.79%$227.57
48,900 at 3.8%$227.85
48,900 at 3.81%$228.13
48,900 at 3.82%$228.41
48,900 at 3.83%$228.69
48,900 at 3.84%$228.97
48,900 at 3.85%$229.25
48,900 at 3.86%$229.53
48,900 at 3.87%$229.81
48,900 at 3.88%$230.09
48,900 at 3.89%$230.37
48,900 at 3.9%$230.65
48,900 at 3.91%$230.93
48,900 at 3.92%$231.21
48,900 at 3.93%$231.49
48,900 at 3.94%$231.77
48,900 at 3.95%$232.05
48,900 at 3.96%$232.33
48,900 at 3.97%$232.61
48,900 at 3.98%$232.89
48,900 at 3.99%$233.17
48,900 at 4%$233.46
48,900 at 4.01%$233.74
48,900 at 4.02%$234.02
48,900 at 4.03%$234.30
48,900 at 4.04%$234.59
48,900 at 4.05%$234.87
48,900 at 4.06%$235.15
48,900 at 4.07%$235.43
48,900 at 4.08%$235.72
48,900 at 4.09%$236.00
48,900 at 4.1%$236.28
48,900 at 4.11%$236.57
48,900 at 4.12%$236.85
48,900 at 4.13%$237.14
48,900 at 4.14%$237.42
48,900 at 4.15%$237.70
48,900 at 4.16%$237.99
48,900 at 4.17%$238.27
48,900 at 4.18%$238.56
48,900 at 4.19%$238.84
48,900 at 4.2%$239.13
48,900 at 4.21%$239.41
48,900 at 4.22%$239.70
48,900 at 4.23%$239.99
48,900 at 4.24%$240.27
48,900 at 4.25%$240.56
48,900 at 4.26%$240.84
48,900 at 4.27%$241.13
48,900 at 4.28%$241.42
48,900 at 4.29%$241.71
48,900 at 4.3%$241.99
48,900 at 4.31%$242.28
48,900 at 4.32%$242.57
48,900 at 4.33%$242.85
48,900 at 4.34%$243.14
48,900 at 4.35%$243.43
48,900 at 4.36%$243.72
48,900 at 4.37%$244.01
48,900 at 4.38%$244.29
48,900 at 4.39%$244.58
48,900 at 4.4%$244.87
48,900 at 4.41%$245.16
48,900 at 4.42%$245.45
48,900 at 4.43%$245.74
48,900 at 4.44%$246.03
48,900 at 4.45%$246.32
48,900 at 4.46%$246.61
48,900 at 4.47%$246.90
48,900 at 4.48%$247.19
48,900 at 4.49%$247.48
48,900 at 4.5%$247.77
48,900 at 4.51%$248.06
48,900 at 4.52%$248.35
48,900 at 4.53%$248.64
48,900 at 4.54%$248.93
48,900 at 4.55%$249.22
48,900 at 4.56%$249.52
48,900 at 4.57%$249.81
48,900 at 4.58%$250.10
48,900 at 4.59%$250.39
48,900 at 4.6%$250.68
48,900 at 4.61%$250.98
48,900 at 4.62%$251.27
48,900 at 4.63%$251.56
48,900 at 4.64%$251.85
48,900 at 4.65%$252.15
48,900 at 4.66%$252.44
48,900 at 4.67%$252.73
48,900 at 4.68%$253.03
48,900 at 4.69%$253.32
48,900 at 4.7%$253.61
48,900 at 4.71%$253.91
48,900 at 4.72%$254.20
48,900 at 4.73%$254.50
48,900 at 4.74%$254.79
48,900 at 4.75%$255.09
48,900 at 4.76%$255.38
48,900 at 4.77%$255.68
48,900 at 4.78%$255.97
48,900 at 4.79%$256.27
48,900 at 4.8%$256.56
48,900 at 4.81%$256.86
48,900 at 4.82%$257.15
48,900 at 4.83%$257.45
48,900 at 4.84%$257.74
48,900 at 4.85%$258.04
48,900 at 4.86%$258.34
48,900 at 4.87%$258.63
48,900 at 4.88%$258.93
48,900 at 4.89%$259.23
48,900 at 4.9%$259.53
48,900 at 4.91%$259.82
48,900 at 4.92%$260.12
48,900 at 4.93%$260.42
48,900 at 4.94%$260.72
48,900 at 4.95%$261.01
48,900 at 4.96%$261.31
48,900 at 4.97%$261.61
48,900 at 4.98%$261.91
48,900 at 4.99%$262.21
48,900 at 5%$262.51
Interest Rate 30 Year
48,900 at 5.01%$262.80
48,900 at 5.02%$263.10
48,900 at 5.03%$263.40
48,900 at 5.04%$263.70
48,900 at 5.05%$264.00
48,900 at 5.06%$264.30
48,900 at 5.07%$264.60
48,900 at 5.08%$264.90
48,900 at 5.09%$265.20
48,900 at 5.1%$265.50
48,900 at 5.11%$265.80
48,900 at 5.12%$266.10
48,900 at 5.13%$266.40
48,900 at 5.14%$266.71
48,900 at 5.15%$267.01
48,900 at 5.16%$267.31
48,900 at 5.17%$267.61
48,900 at 5.18%$267.91
48,900 at 5.19%$268.21
48,900 at 5.2%$268.52
48,900 at 5.21%$268.82
48,900 at 5.22%$269.12
48,900 at 5.23%$269.42
48,900 at 5.24%$269.72
48,900 at 5.25%$270.03
48,900 at 5.26%$270.33
48,900 at 5.27%$270.63
48,900 at 5.28%$270.94
48,900 at 5.29%$271.24
48,900 at 5.3%$271.54
48,900 at 5.31%$271.85
48,900 at 5.32%$272.15
48,900 at 5.33%$272.46
48,900 at 5.34%$272.76
48,900 at 5.35%$273.06
48,900 at 5.36%$273.37
48,900 at 5.37%$273.67
48,900 at 5.38%$273.98
48,900 at 5.39%$274.28
48,900 at 5.4%$274.59
48,900 at 5.41%$274.89
48,900 at 5.42%$275.20
48,900 at 5.43%$275.50
48,900 at 5.44%$275.81
48,900 at 5.45%$276.12
48,900 at 5.46%$276.42
48,900 at 5.47%$276.73
48,900 at 5.48%$277.04
48,900 at 5.49%$277.34
48,900 at 5.5%$277.65
48,900 at 5.51%$277.96
48,900 at 5.52%$278.26
48,900 at 5.53%$278.57
48,900 at 5.54%$278.88
48,900 at 5.55%$279.18
48,900 at 5.56%$279.49
48,900 at 5.57%$279.80
48,900 at 5.58%$280.11
48,900 at 5.59%$280.42
48,900 at 5.6%$280.72
48,900 at 5.61%$281.03
48,900 at 5.62%$281.34
48,900 at 5.63%$281.65
48,900 at 5.64%$281.96
48,900 at 5.65%$282.27
48,900 at 5.66%$282.58
48,900 at 5.67%$282.89
48,900 at 5.68%$283.20
48,900 at 5.69%$283.51
48,900 at 5.7%$283.82
48,900 at 5.71%$284.13
48,900 at 5.72%$284.44
48,900 at 5.73%$284.75
48,900 at 5.74%$285.06
48,900 at 5.75%$285.37
48,900 at 5.76%$285.68
48,900 at 5.77%$285.99
48,900 at 5.78%$286.30
48,900 at 5.79%$286.61
48,900 at 5.8%$286.92
48,900 at 5.81%$287.23
48,900 at 5.82%$287.55
48,900 at 5.83%$287.86
48,900 at 5.84%$288.17
48,900 at 5.85%$288.48
48,900 at 5.86%$288.79
48,900 at 5.87%$289.11
48,900 at 5.88%$289.42
48,900 at 5.89%$289.73
48,900 at 5.9%$290.04
48,900 at 5.91%$290.36
48,900 at 5.92%$290.67
48,900 at 5.93%$290.98
48,900 at 5.94%$291.30
48,900 at 5.95%$291.61
48,900 at 5.96%$291.92
48,900 at 5.97%$292.24
48,900 at 5.98%$292.55
48,900 at 5.99%$292.87
48,900 at 6%$293.18
48,900 at 6.01%$293.49
48,900 at 6.02%$293.81
48,900 at 6.03%$294.12
48,900 at 6.04%$294.44
48,900 at 6.05%$294.75
48,900 at 6.06%$295.07
48,900 at 6.07%$295.38
48,900 at 6.08%$295.70
48,900 at 6.09%$296.02
48,900 at 6.1%$296.33
48,900 at 6.11%$296.65
48,900 at 6.12%$296.96
48,900 at 6.13%$297.28
48,900 at 6.14%$297.60
48,900 at 6.15%$297.91
48,900 at 6.16%$298.23
48,900 at 6.17%$298.55
48,900 at 6.18%$298.86
48,900 at 6.19%$299.18
48,900 at 6.2%$299.50
48,900 at 6.21%$299.81
48,900 at 6.22%$300.13
48,900 at 6.23%$300.45
48,900 at 6.24%$300.77
48,900 at 6.25%$301.09
48,900 at 6.26%$301.40
48,900 at 6.27%$301.72
48,900 at 6.28%$302.04
48,900 at 6.29%$302.36
48,900 at 6.3%$302.68
48,900 at 6.31%$303.00
48,900 at 6.32%$303.32
48,900 at 6.33%$303.63
48,900 at 6.34%$303.95
48,900 at 6.35%$304.27
48,900 at 6.36%$304.59
48,900 at 6.37%$304.91
48,900 at 6.38%$305.23
48,900 at 6.39%$305.55
48,900 at 6.4%$305.87
48,900 at 6.41%$306.19
48,900 at 6.42%$306.51
48,900 at 6.43%$306.83
48,900 at 6.44%$307.15
48,900 at 6.45%$307.48
48,900 at 6.46%$307.80
48,900 at 6.47%$308.12
48,900 at 6.48%$308.44
48,900 at 6.49%$308.76
48,900 at 6.5%$309.08
Interest Rate 30 Year
48,900 at 6.51%$309.40
48,900 at 6.52%$309.72
48,900 at 6.53%$310.05
48,900 at 6.54%$310.37
48,900 at 6.55%$310.69
48,900 at 6.56%$311.01
48,900 at 6.57%$311.34
48,900 at 6.58%$311.66
48,900 at 6.59%$311.98
48,900 at 6.6%$312.30
48,900 at 6.61%$312.63
48,900 at 6.62%$312.95
48,900 at 6.63%$313.27
48,900 at 6.64%$313.60
48,900 at 6.65%$313.92
48,900 at 6.66%$314.24
48,900 at 6.67%$314.57
48,900 at 6.68%$314.89
48,900 at 6.69%$315.22
48,900 at 6.7%$315.54
48,900 at 6.71%$315.87
48,900 at 6.72%$316.19
48,900 at 6.73%$316.51
48,900 at 6.74%$316.84
48,900 at 6.75%$317.16
48,900 at 6.76%$317.49
48,900 at 6.77%$317.81
48,900 at 6.78%$318.14
48,900 at 6.79%$318.47
48,900 at 6.8%$318.79
48,900 at 6.81%$319.12
48,900 at 6.82%$319.44
48,900 at 6.83%$319.77
48,900 at 6.84%$320.10
48,900 at 6.85%$320.42
48,900 at 6.86%$320.75
48,900 at 6.87%$321.07
48,900 at 6.88%$321.40
48,900 at 6.89%$321.73
48,900 at 6.9%$322.06
48,900 at 6.91%$322.38
48,900 at 6.92%$322.71
48,900 at 6.93%$323.04
48,900 at 6.94%$323.36
48,900 at 6.95%$323.69
48,900 at 6.96%$324.02
48,900 at 6.97%$324.35
48,900 at 6.98%$324.68
48,900 at 6.99%$325.00
48,900 at 7%$325.33
48,900 at 7.01%$325.66
48,900 at 7.02%$325.99
48,900 at 7.03%$326.32
48,900 at 7.04%$326.65
48,900 at 7.05%$326.98
48,900 at 7.06%$327.31
48,900 at 7.07%$327.64
48,900 at 7.08%$327.96
48,900 at 7.09%$328.29
48,900 at 7.1%$328.62
48,900 at 7.11%$328.95
48,900 at 7.12%$329.28
48,900 at 7.13%$329.61
48,900 at 7.14%$329.94
48,900 at 7.15%$330.27
48,900 at 7.16%$330.60
48,900 at 7.17%$330.93
48,900 at 7.18%$331.27
48,900 at 7.19%$331.60
48,900 at 7.2%$331.93
48,900 at 7.21%$332.26
48,900 at 7.22%$332.59
48,900 at 7.23%$332.92
48,900 at 7.24%$333.25
48,900 at 7.25%$333.58
48,900 at 7.26%$333.92
48,900 at 7.27%$334.25
48,900 at 7.28%$334.58
48,900 at 7.29%$334.91
48,900 at 7.3%$335.24
48,900 at 7.31%$335.58
48,900 at 7.32%$335.91
48,900 at 7.33%$336.24
48,900 at 7.34%$336.57
48,900 at 7.35%$336.91
48,900 at 7.36%$337.24
48,900 at 7.37%$337.57
48,900 at 7.38%$337.91
48,900 at 7.39%$338.24
48,900 at 7.4%$338.57
48,900 at 7.41%$338.91
48,900 at 7.42%$339.24
48,900 at 7.43%$339.58
48,900 at 7.44%$339.91
48,900 at 7.45%$340.24
48,900 at 7.46%$340.58
48,900 at 7.47%$340.91
48,900 at 7.48%$341.25
48,900 at 7.49%$341.58
48,900 at 7.5%$341.92
48,900 at 7.51%$342.25
48,900 at 7.52%$342.59
48,900 at 7.53%$342.92
48,900 at 7.54%$343.26
48,900 at 7.55%$343.59
48,900 at 7.56%$343.93
48,900 at 7.57%$344.26
48,900 at 7.58%$344.60
48,900 at 7.59%$344.93
48,900 at 7.6%$345.27
48,900 at 7.61%$345.61
48,900 at 7.62%$345.94
48,900 at 7.63%$346.28
48,900 at 7.64%$346.62
48,900 at 7.65%$346.95
48,900 at 7.66%$347.29
48,900 at 7.67%$347.63
48,900 at 7.68%$347.96
48,900 at 7.69%$348.30
48,900 at 7.7%$348.64
48,900 at 7.71%$348.97
48,900 at 7.72%$349.31
48,900 at 7.73%$349.65
48,900 at 7.74%$349.99
48,900 at 7.75%$350.33
48,900 at 7.76%$350.66
48,900 at 7.77%$351.00
48,900 at 7.78%$351.34
48,900 at 7.79%$351.68
48,900 at 7.8%$352.02
48,900 at 7.81%$352.36
48,900 at 7.82%$352.69
48,900 at 7.83%$353.03
48,900 at 7.84%$353.37
48,900 at 7.85%$353.71
48,900 at 7.86%$354.05
48,900 at 7.87%$354.39
48,900 at 7.88%$354.73
48,900 at 7.89%$355.07
48,900 at 7.9%$355.41
48,900 at 7.91%$355.75
48,900 at 7.92%$356.09
48,900 at 7.93%$356.43
48,900 at 7.94%$356.77
48,900 at 7.95%$357.11
48,900 at 7.96%$357.45
48,900 at 7.97%$357.79
48,900 at 7.98%$358.13
48,900 at 7.99%$358.47
48,900 at 8%$358.81
More Amounts
What is the down payment for a $48,900 house? How much do you need to put down?
Percent Down Down Payment
1%489
2%978
3%1,467
4%1,956
5%2,445
6%2,934
7%3,423
8%3,912
9%4,401
10%4,890
11%5,379
12%5,868
13%6,357
14%6,846
15%7,335
16%7,824
17%8,313
18%8,802
19%9,291
20%9,780
Percent Down Down Payment
21%10,269
22%10,758
23%11,247
24%11,736
25%12,225
26%12,714
27%13,203
28%13,692
29%14,181
30%14,670
31%15,159
32%15,648
33%16,137
34%16,626
35%17,115
36%17,604
37%18,093
38%18,582
39%19,071
40%19,560
Percent Down Down Payment
41%20,049
42%20,538
43%21,027
44%21,516
45%22,005
46%22,494
47%22,983
48%23,472
49%23,961
50%24,450
51%24,939
52%25,428
53%25,917
54%26,406
55%26,895
56%27,384
57%27,873
58%28,362
59%28,851
60%29,340
Percent Down Down Payment
61%29,829
62%30,318
63%30,807
64%31,296
65%31,785
66%32,274
67%32,763
68%33,252
69%33,741
70%34,230
71%34,719
72%35,208
73%35,697
74%36,186
75%36,675
76%37,164
77%37,653
78%38,142
79%38,631
80%39,120
Percent Down Down Payment
81%39,609
82%40,098
83%40,587
84%41,076
85%41,565
86%42,054
87%42,543
88%43,032
89%43,521
90%44,010
91%44,499
92%44,988
93%45,477
94%45,966
95%46,455
96%46,944
97%47,433
98%47,922
99%48,411
100%48,900
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.