$49,550 Mortgage for 30 Years

What is the monthly payment of a 49,550 dollar loan?
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Loan Tables for a $49,550 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 50k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $49,550 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
49,550 at 2.01%$183.39
49,550 at 2.02%$183.64
49,550 at 2.03%$183.89
49,550 at 2.04%$184.14
49,550 at 2.05%$184.39
49,550 at 2.06%$184.64
49,550 at 2.07%$184.89
49,550 at 2.08%$185.14
49,550 at 2.09%$185.38
49,550 at 2.1%$185.63
49,550 at 2.11%$185.88
49,550 at 2.12%$186.13
49,550 at 2.13%$186.38
49,550 at 2.14%$186.63
49,550 at 2.15%$186.89
49,550 at 2.16%$187.14
49,550 at 2.17%$187.39
49,550 at 2.18%$187.64
49,550 at 2.19%$187.89
49,550 at 2.2%$188.14
49,550 at 2.21%$188.39
49,550 at 2.22%$188.65
49,550 at 2.23%$188.90
49,550 at 2.24%$189.15
49,550 at 2.25%$189.40
49,550 at 2.26%$189.66
49,550 at 2.27%$189.91
49,550 at 2.28%$190.16
49,550 at 2.29%$190.42
49,550 at 2.3%$190.67
49,550 at 2.31%$190.92
49,550 at 2.32%$191.18
49,550 at 2.33%$191.43
49,550 at 2.34%$191.69
49,550 at 2.35%$191.94
49,550 at 2.36%$192.19
49,550 at 2.37%$192.45
49,550 at 2.38%$192.70
49,550 at 2.39%$192.96
49,550 at 2.4%$193.22
49,550 at 2.41%$193.47
49,550 at 2.42%$193.73
49,550 at 2.43%$193.98
49,550 at 2.44%$194.24
49,550 at 2.45%$194.50
49,550 at 2.46%$194.75
49,550 at 2.47%$195.01
49,550 at 2.48%$195.27
49,550 at 2.49%$195.52
49,550 at 2.5%$195.78
49,550 at 2.51%$196.04
49,550 at 2.52%$196.30
49,550 at 2.53%$196.56
49,550 at 2.54%$196.81
49,550 at 2.55%$197.07
49,550 at 2.56%$197.33
49,550 at 2.57%$197.59
49,550 at 2.58%$197.85
49,550 at 2.59%$198.11
49,550 at 2.6%$198.37
49,550 at 2.61%$198.63
49,550 at 2.62%$198.89
49,550 at 2.63%$199.15
49,550 at 2.64%$199.41
49,550 at 2.65%$199.67
49,550 at 2.66%$199.93
49,550 at 2.67%$200.19
49,550 at 2.68%$200.45
49,550 at 2.69%$200.71
49,550 at 2.7%$200.97
49,550 at 2.71%$201.24
49,550 at 2.72%$201.50
49,550 at 2.73%$201.76
49,550 at 2.74%$202.02
49,550 at 2.75%$202.28
49,550 at 2.76%$202.55
49,550 at 2.77%$202.81
49,550 at 2.78%$203.07
49,550 at 2.79%$203.33
49,550 at 2.8%$203.60
49,550 at 2.81%$203.86
49,550 at 2.82%$204.13
49,550 at 2.83%$204.39
49,550 at 2.84%$204.65
49,550 at 2.85%$204.92
49,550 at 2.86%$205.18
49,550 at 2.87%$205.45
49,550 at 2.88%$205.71
49,550 at 2.89%$205.98
49,550 at 2.9%$206.24
49,550 at 2.91%$206.51
49,550 at 2.92%$206.77
49,550 at 2.93%$207.04
49,550 at 2.94%$207.30
49,550 at 2.95%$207.57
49,550 at 2.96%$207.84
49,550 at 2.97%$208.10
49,550 at 2.98%$208.37
49,550 at 2.99%$208.64
49,550 at 3%$208.90
49,550 at 3.01%$209.17
49,550 at 3.02%$209.44
49,550 at 3.03%$209.71
49,550 at 3.04%$209.98
49,550 at 3.05%$210.24
49,550 at 3.06%$210.51
49,550 at 3.07%$210.78
49,550 at 3.08%$211.05
49,550 at 3.09%$211.32
49,550 at 3.1%$211.59
49,550 at 3.11%$211.86
49,550 at 3.12%$212.13
49,550 at 3.13%$212.39
49,550 at 3.14%$212.66
49,550 at 3.15%$212.93
49,550 at 3.16%$213.20
49,550 at 3.17%$213.48
49,550 at 3.18%$213.75
49,550 at 3.19%$214.02
49,550 at 3.2%$214.29
49,550 at 3.21%$214.56
49,550 at 3.22%$214.83
49,550 at 3.23%$215.10
49,550 at 3.24%$215.37
49,550 at 3.25%$215.64
49,550 at 3.26%$215.92
49,550 at 3.27%$216.19
49,550 at 3.28%$216.46
49,550 at 3.29%$216.73
49,550 at 3.3%$217.01
49,550 at 3.31%$217.28
49,550 at 3.32%$217.55
49,550 at 3.33%$217.83
49,550 at 3.34%$218.10
49,550 at 3.35%$218.37
49,550 at 3.36%$218.65
49,550 at 3.37%$218.92
49,550 at 3.38%$219.20
49,550 at 3.39%$219.47
49,550 at 3.4%$219.74
49,550 at 3.41%$220.02
49,550 at 3.42%$220.29
49,550 at 3.43%$220.57
49,550 at 3.44%$220.85
49,550 at 3.45%$221.12
49,550 at 3.46%$221.40
49,550 at 3.47%$221.67
49,550 at 3.48%$221.95
49,550 at 3.49%$222.23
49,550 at 3.5%$222.50
Interest Rate 30 Year
49,550 at 3.51%$222.78
49,550 at 3.52%$223.06
49,550 at 3.53%$223.33
49,550 at 3.54%$223.61
49,550 at 3.55%$223.89
49,550 at 3.56%$224.16
49,550 at 3.57%$224.44
49,550 at 3.58%$224.72
49,550 at 3.59%$225.00
49,550 at 3.6%$225.28
49,550 at 3.61%$225.56
49,550 at 3.62%$225.83
49,550 at 3.63%$226.11
49,550 at 3.64%$226.39
49,550 at 3.65%$226.67
49,550 at 3.66%$226.95
49,550 at 3.67%$227.23
49,550 at 3.68%$227.51
49,550 at 3.69%$227.79
49,550 at 3.7%$228.07
49,550 at 3.71%$228.35
49,550 at 3.72%$228.63
49,550 at 3.73%$228.91
49,550 at 3.74%$229.19
49,550 at 3.75%$229.47
49,550 at 3.76%$229.76
49,550 at 3.77%$230.04
49,550 at 3.78%$230.32
49,550 at 3.79%$230.60
49,550 at 3.8%$230.88
49,550 at 3.81%$231.16
49,550 at 3.82%$231.45
49,550 at 3.83%$231.73
49,550 at 3.84%$232.01
49,550 at 3.85%$232.29
49,550 at 3.86%$232.58
49,550 at 3.87%$232.86
49,550 at 3.88%$233.14
49,550 at 3.89%$233.43
49,550 at 3.9%$233.71
49,550 at 3.91%$234.00
49,550 at 3.92%$234.28
49,550 at 3.93%$234.56
49,550 at 3.94%$234.85
49,550 at 3.95%$235.13
49,550 at 3.96%$235.42
49,550 at 3.97%$235.70
49,550 at 3.98%$235.99
49,550 at 3.99%$236.27
49,550 at 4%$236.56
49,550 at 4.01%$236.85
49,550 at 4.02%$237.13
49,550 at 4.03%$237.42
49,550 at 4.04%$237.70
49,550 at 4.05%$237.99
49,550 at 4.06%$238.28
49,550 at 4.07%$238.56
49,550 at 4.08%$238.85
49,550 at 4.09%$239.14
49,550 at 4.1%$239.42
49,550 at 4.11%$239.71
49,550 at 4.12%$240.00
49,550 at 4.13%$240.29
49,550 at 4.14%$240.58
49,550 at 4.15%$240.86
49,550 at 4.16%$241.15
49,550 at 4.17%$241.44
49,550 at 4.18%$241.73
49,550 at 4.19%$242.02
49,550 at 4.2%$242.31
49,550 at 4.21%$242.60
49,550 at 4.22%$242.89
49,550 at 4.23%$243.18
49,550 at 4.24%$243.47
49,550 at 4.25%$243.76
49,550 at 4.26%$244.05
49,550 at 4.27%$244.34
49,550 at 4.28%$244.63
49,550 at 4.29%$244.92
49,550 at 4.3%$245.21
49,550 at 4.31%$245.50
49,550 at 4.32%$245.79
49,550 at 4.33%$246.08
49,550 at 4.34%$246.37
49,550 at 4.35%$246.67
49,550 at 4.36%$246.96
49,550 at 4.37%$247.25
49,550 at 4.38%$247.54
49,550 at 4.39%$247.83
49,550 at 4.4%$248.13
49,550 at 4.41%$248.42
49,550 at 4.42%$248.71
49,550 at 4.43%$249.01
49,550 at 4.44%$249.30
49,550 at 4.45%$249.59
49,550 at 4.46%$249.89
49,550 at 4.47%$250.18
49,550 at 4.48%$250.47
49,550 at 4.49%$250.77
49,550 at 4.5%$251.06
49,550 at 4.51%$251.36
49,550 at 4.52%$251.65
49,550 at 4.53%$251.95
49,550 at 4.54%$252.24
49,550 at 4.55%$252.54
49,550 at 4.56%$252.83
49,550 at 4.57%$253.13
49,550 at 4.58%$253.42
49,550 at 4.59%$253.72
49,550 at 4.6%$254.02
49,550 at 4.61%$254.31
49,550 at 4.62%$254.61
49,550 at 4.63%$254.90
49,550 at 4.64%$255.20
49,550 at 4.65%$255.50
49,550 at 4.66%$255.80
49,550 at 4.67%$256.09
49,550 at 4.68%$256.39
49,550 at 4.69%$256.69
49,550 at 4.7%$256.99
49,550 at 4.71%$257.28
49,550 at 4.72%$257.58
49,550 at 4.73%$257.88
49,550 at 4.74%$258.18
49,550 at 4.75%$258.48
49,550 at 4.76%$258.78
49,550 at 4.77%$259.07
49,550 at 4.78%$259.37
49,550 at 4.79%$259.67
49,550 at 4.8%$259.97
49,550 at 4.81%$260.27
49,550 at 4.82%$260.57
49,550 at 4.83%$260.87
49,550 at 4.84%$261.17
49,550 at 4.85%$261.47
49,550 at 4.86%$261.77
49,550 at 4.87%$262.07
49,550 at 4.88%$262.37
49,550 at 4.89%$262.67
49,550 at 4.9%$262.98
49,550 at 4.91%$263.28
49,550 at 4.92%$263.58
49,550 at 4.93%$263.88
49,550 at 4.94%$264.18
49,550 at 4.95%$264.48
49,550 at 4.96%$264.79
49,550 at 4.97%$265.09
49,550 at 4.98%$265.39
49,550 at 4.99%$265.69
49,550 at 5%$266.00
Interest Rate 30 Year
49,550 at 5.01%$266.30
49,550 at 5.02%$266.60
49,550 at 5.03%$266.90
49,550 at 5.04%$267.21
49,550 at 5.05%$267.51
49,550 at 5.06%$267.82
49,550 at 5.07%$268.12
49,550 at 5.08%$268.42
49,550 at 5.09%$268.73
49,550 at 5.1%$269.03
49,550 at 5.11%$269.34
49,550 at 5.12%$269.64
49,550 at 5.13%$269.95
49,550 at 5.14%$270.25
49,550 at 5.15%$270.56
49,550 at 5.16%$270.86
49,550 at 5.17%$271.17
49,550 at 5.18%$271.47
49,550 at 5.19%$271.78
49,550 at 5.2%$272.08
49,550 at 5.21%$272.39
49,550 at 5.22%$272.70
49,550 at 5.23%$273.00
49,550 at 5.24%$273.31
49,550 at 5.25%$273.62
49,550 at 5.26%$273.92
49,550 at 5.27%$274.23
49,550 at 5.28%$274.54
49,550 at 5.29%$274.85
49,550 at 5.3%$275.15
49,550 at 5.31%$275.46
49,550 at 5.32%$275.77
49,550 at 5.33%$276.08
49,550 at 5.34%$276.39
49,550 at 5.35%$276.69
49,550 at 5.36%$277.00
49,550 at 5.37%$277.31
49,550 at 5.38%$277.62
49,550 at 5.39%$277.93
49,550 at 5.4%$278.24
49,550 at 5.41%$278.55
49,550 at 5.42%$278.86
49,550 at 5.43%$279.17
49,550 at 5.44%$279.48
49,550 at 5.45%$279.79
49,550 at 5.46%$280.10
49,550 at 5.47%$280.41
49,550 at 5.48%$280.72
49,550 at 5.49%$281.03
49,550 at 5.5%$281.34
49,550 at 5.51%$281.65
49,550 at 5.52%$281.96
49,550 at 5.53%$282.27
49,550 at 5.54%$282.58
49,550 at 5.55%$282.90
49,550 at 5.56%$283.21
49,550 at 5.57%$283.52
49,550 at 5.58%$283.83
49,550 at 5.59%$284.14
49,550 at 5.6%$284.46
49,550 at 5.61%$284.77
49,550 at 5.62%$285.08
49,550 at 5.63%$285.39
49,550 at 5.64%$285.71
49,550 at 5.65%$286.02
49,550 at 5.66%$286.33
49,550 at 5.67%$286.65
49,550 at 5.68%$286.96
49,550 at 5.69%$287.27
49,550 at 5.7%$287.59
49,550 at 5.71%$287.90
49,550 at 5.72%$288.22
49,550 at 5.73%$288.53
49,550 at 5.74%$288.85
49,550 at 5.75%$289.16
49,550 at 5.76%$289.48
49,550 at 5.77%$289.79
49,550 at 5.78%$290.11
49,550 at 5.79%$290.42
49,550 at 5.8%$290.74
49,550 at 5.81%$291.05
49,550 at 5.82%$291.37
49,550 at 5.83%$291.68
49,550 at 5.84%$292.00
49,550 at 5.85%$292.32
49,550 at 5.86%$292.63
49,550 at 5.87%$292.95
49,550 at 5.88%$293.27
49,550 at 5.89%$293.58
49,550 at 5.9%$293.90
49,550 at 5.91%$294.22
49,550 at 5.92%$294.53
49,550 at 5.93%$294.85
49,550 at 5.94%$295.17
49,550 at 5.95%$295.49
49,550 at 5.96%$295.80
49,550 at 5.97%$296.12
49,550 at 5.98%$296.44
49,550 at 5.99%$296.76
49,550 at 6%$297.08
49,550 at 6.01%$297.40
49,550 at 6.02%$297.71
49,550 at 6.03%$298.03
49,550 at 6.04%$298.35
49,550 at 6.05%$298.67
49,550 at 6.06%$298.99
49,550 at 6.07%$299.31
49,550 at 6.08%$299.63
49,550 at 6.09%$299.95
49,550 at 6.1%$300.27
49,550 at 6.11%$300.59
49,550 at 6.12%$300.91
49,550 at 6.13%$301.23
49,550 at 6.14%$301.55
49,550 at 6.15%$301.87
49,550 at 6.16%$302.19
49,550 at 6.17%$302.51
49,550 at 6.18%$302.84
49,550 at 6.19%$303.16
49,550 at 6.2%$303.48
49,550 at 6.21%$303.80
49,550 at 6.22%$304.12
49,550 at 6.23%$304.44
49,550 at 6.24%$304.77
49,550 at 6.25%$305.09
49,550 at 6.26%$305.41
49,550 at 6.27%$305.73
49,550 at 6.28%$306.06
49,550 at 6.29%$306.38
49,550 at 6.3%$306.70
49,550 at 6.31%$307.02
49,550 at 6.32%$307.35
49,550 at 6.33%$307.67
49,550 at 6.34%$307.99
49,550 at 6.35%$308.32
49,550 at 6.36%$308.64
49,550 at 6.37%$308.97
49,550 at 6.38%$309.29
49,550 at 6.39%$309.61
49,550 at 6.4%$309.94
49,550 at 6.41%$310.26
49,550 at 6.42%$310.59
49,550 at 6.43%$310.91
49,550 at 6.44%$311.24
49,550 at 6.45%$311.56
49,550 at 6.46%$311.89
49,550 at 6.47%$312.21
49,550 at 6.48%$312.54
49,550 at 6.49%$312.86
49,550 at 6.5%$313.19
Interest Rate 30 Year
49,550 at 6.51%$313.52
49,550 at 6.52%$313.84
49,550 at 6.53%$314.17
49,550 at 6.54%$314.49
49,550 at 6.55%$314.82
49,550 at 6.56%$315.15
49,550 at 6.57%$315.47
49,550 at 6.58%$315.80
49,550 at 6.59%$316.13
49,550 at 6.6%$316.46
49,550 at 6.61%$316.78
49,550 at 6.62%$317.11
49,550 at 6.63%$317.44
49,550 at 6.64%$317.77
49,550 at 6.65%$318.09
49,550 at 6.66%$318.42
49,550 at 6.67%$318.75
49,550 at 6.68%$319.08
49,550 at 6.69%$319.41
49,550 at 6.7%$319.74
49,550 at 6.71%$320.06
49,550 at 6.72%$320.39
49,550 at 6.73%$320.72
49,550 at 6.74%$321.05
49,550 at 6.75%$321.38
49,550 at 6.76%$321.71
49,550 at 6.77%$322.04
49,550 at 6.78%$322.37
49,550 at 6.79%$322.70
49,550 at 6.8%$323.03
49,550 at 6.81%$323.36
49,550 at 6.82%$323.69
49,550 at 6.83%$324.02
49,550 at 6.84%$324.35
49,550 at 6.85%$324.68
49,550 at 6.86%$325.01
49,550 at 6.87%$325.34
49,550 at 6.88%$325.67
49,550 at 6.89%$326.01
49,550 at 6.9%$326.34
49,550 at 6.91%$326.67
49,550 at 6.92%$327.00
49,550 at 6.93%$327.33
49,550 at 6.94%$327.66
49,550 at 6.95%$328.00
49,550 at 6.96%$328.33
49,550 at 6.97%$328.66
49,550 at 6.98%$328.99
49,550 at 6.99%$329.32
49,550 at 7%$329.66
49,550 at 7.01%$329.99
49,550 at 7.02%$330.32
49,550 at 7.03%$330.66
49,550 at 7.04%$330.99
49,550 at 7.05%$331.32
49,550 at 7.06%$331.66
49,550 at 7.07%$331.99
49,550 at 7.08%$332.32
49,550 at 7.09%$332.66
49,550 at 7.1%$332.99
49,550 at 7.11%$333.33
49,550 at 7.12%$333.66
49,550 at 7.13%$333.99
49,550 at 7.14%$334.33
49,550 at 7.15%$334.66
49,550 at 7.16%$335.00
49,550 at 7.17%$335.33
49,550 at 7.18%$335.67
49,550 at 7.19%$336.00
49,550 at 7.2%$336.34
49,550 at 7.21%$336.68
49,550 at 7.22%$337.01
49,550 at 7.23%$337.35
49,550 at 7.24%$337.68
49,550 at 7.25%$338.02
49,550 at 7.26%$338.35
49,550 at 7.27%$338.69
49,550 at 7.28%$339.03
49,550 at 7.29%$339.36
49,550 at 7.3%$339.70
49,550 at 7.31%$340.04
49,550 at 7.32%$340.37
49,550 at 7.33%$340.71
49,550 at 7.34%$341.05
49,550 at 7.35%$341.39
49,550 at 7.36%$341.72
49,550 at 7.37%$342.06
49,550 at 7.38%$342.40
49,550 at 7.39%$342.74
49,550 at 7.4%$343.07
49,550 at 7.41%$343.41
49,550 at 7.42%$343.75
49,550 at 7.43%$344.09
49,550 at 7.44%$344.43
49,550 at 7.45%$344.77
49,550 at 7.46%$345.10
49,550 at 7.47%$345.44
49,550 at 7.48%$345.78
49,550 at 7.49%$346.12
49,550 at 7.5%$346.46
49,550 at 7.51%$346.80
49,550 at 7.52%$347.14
49,550 at 7.53%$347.48
49,550 at 7.54%$347.82
49,550 at 7.55%$348.16
49,550 at 7.56%$348.50
49,550 at 7.57%$348.84
49,550 at 7.58%$349.18
49,550 at 7.59%$349.52
49,550 at 7.6%$349.86
49,550 at 7.61%$350.20
49,550 at 7.62%$350.54
49,550 at 7.63%$350.88
49,550 at 7.64%$351.22
49,550 at 7.65%$351.56
49,550 at 7.66%$351.91
49,550 at 7.67%$352.25
49,550 at 7.68%$352.59
49,550 at 7.69%$352.93
49,550 at 7.7%$353.27
49,550 at 7.71%$353.61
49,550 at 7.72%$353.96
49,550 at 7.73%$354.30
49,550 at 7.74%$354.64
49,550 at 7.75%$354.98
49,550 at 7.76%$355.32
49,550 at 7.77%$355.67
49,550 at 7.78%$356.01
49,550 at 7.79%$356.35
49,550 at 7.8%$356.70
49,550 at 7.81%$357.04
49,550 at 7.82%$357.38
49,550 at 7.83%$357.73
49,550 at 7.84%$358.07
49,550 at 7.85%$358.41
49,550 at 7.86%$358.76
49,550 at 7.87%$359.10
49,550 at 7.88%$359.44
49,550 at 7.89%$359.79
49,550 at 7.9%$360.13
49,550 at 7.91%$360.48
49,550 at 7.92%$360.82
49,550 at 7.93%$361.17
49,550 at 7.94%$361.51
49,550 at 7.95%$361.85
49,550 at 7.96%$362.20
49,550 at 7.97%$362.54
49,550 at 7.98%$362.89
49,550 at 7.99%$363.23
49,550 at 8%$363.58
More Amounts
What is the down payment for a $49,550 house? How much do you need to put down?
Percent Down Down Payment
1%496
2%991
3%1,487
4%1,982
5%2,478
6%2,973
7%3,469
8%3,964
9%4,460
10%4,955
11%5,451
12%5,946
13%6,442
14%6,937
15%7,433
16%7,928
17%8,424
18%8,919
19%9,415
20%9,910
Percent Down Down Payment
21%10,406
22%10,901
23%11,397
24%11,892
25%12,388
26%12,883
27%13,379
28%13,874
29%14,370
30%14,865
31%15,361
32%15,856
33%16,352
34%16,847
35%17,343
36%17,838
37%18,334
38%18,829
39%19,325
40%19,820
Percent Down Down Payment
41%20,316
42%20,811
43%21,307
44%21,802
45%22,298
46%22,793
47%23,289
48%23,784
49%24,280
50%24,775
51%25,271
52%25,766
53%26,262
54%26,757
55%27,253
56%27,748
57%28,244
58%28,739
59%29,235
60%29,730
Percent Down Down Payment
61%30,226
62%30,721
63%31,217
64%31,712
65%32,208
66%32,703
67%33,199
68%33,694
69%34,190
70%34,685
71%35,181
72%35,676
73%36,172
74%36,667
75%37,163
76%37,658
77%38,154
78%38,649
79%39,145
80%39,640
Percent Down Down Payment
81%40,136
82%40,631
83%41,127
84%41,622
85%42,118
86%42,613
87%43,109
88%43,604
89%44,100
90%44,595
91%45,091
92%45,586
93%46,082
94%46,577
95%47,073
96%47,568
97%48,064
98%48,559
99%49,055
100%49,550
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.