$49,850 Mortgage for 30 Years

What is the monthly payment of a 49,850 dollar loan?
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Loan Tables for a $49,850 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 $49,850 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
49,850 at 2.01%$184.50
49,850 at 2.02%$184.75
49,850 at 2.03%$185.00
49,850 at 2.04%$185.25
49,850 at 2.05%$185.50
49,850 at 2.06%$185.75
49,850 at 2.07%$186.01
49,850 at 2.08%$186.26
49,850 at 2.09%$186.51
49,850 at 2.1%$186.76
49,850 at 2.11%$187.01
49,850 at 2.12%$187.26
49,850 at 2.13%$187.51
49,850 at 2.14%$187.76
49,850 at 2.15%$188.02
49,850 at 2.16%$188.27
49,850 at 2.17%$188.52
49,850 at 2.18%$188.77
49,850 at 2.19%$189.03
49,850 at 2.2%$189.28
49,850 at 2.21%$189.53
49,850 at 2.22%$189.79
49,850 at 2.23%$190.04
49,850 at 2.24%$190.30
49,850 at 2.25%$190.55
49,850 at 2.26%$190.80
49,850 at 2.27%$191.06
49,850 at 2.28%$191.31
49,850 at 2.29%$191.57
49,850 at 2.3%$191.82
49,850 at 2.31%$192.08
49,850 at 2.32%$192.33
49,850 at 2.33%$192.59
49,850 at 2.34%$192.85
49,850 at 2.35%$193.10
49,850 at 2.36%$193.36
49,850 at 2.37%$193.62
49,850 at 2.38%$193.87
49,850 at 2.39%$194.13
49,850 at 2.4%$194.39
49,850 at 2.41%$194.64
49,850 at 2.42%$194.90
49,850 at 2.43%$195.16
49,850 at 2.44%$195.42
49,850 at 2.45%$195.67
49,850 at 2.46%$195.93
49,850 at 2.47%$196.19
49,850 at 2.48%$196.45
49,850 at 2.49%$196.71
49,850 at 2.5%$196.97
49,850 at 2.51%$197.23
49,850 at 2.52%$197.49
49,850 at 2.53%$197.75
49,850 at 2.54%$198.01
49,850 at 2.55%$198.27
49,850 at 2.56%$198.53
49,850 at 2.57%$198.79
49,850 at 2.58%$199.05
49,850 at 2.59%$199.31
49,850 at 2.6%$199.57
49,850 at 2.61%$199.83
49,850 at 2.62%$200.09
49,850 at 2.63%$200.35
49,850 at 2.64%$200.62
49,850 at 2.65%$200.88
49,850 at 2.66%$201.14
49,850 at 2.67%$201.40
49,850 at 2.68%$201.66
49,850 at 2.69%$201.93
49,850 at 2.7%$202.19
49,850 at 2.71%$202.45
49,850 at 2.72%$202.72
49,850 at 2.73%$202.98
49,850 at 2.74%$203.24
49,850 at 2.75%$203.51
49,850 at 2.76%$203.77
49,850 at 2.77%$204.04
49,850 at 2.78%$204.30
49,850 at 2.79%$204.57
49,850 at 2.8%$204.83
49,850 at 2.81%$205.10
49,850 at 2.82%$205.36
49,850 at 2.83%$205.63
49,850 at 2.84%$205.89
49,850 at 2.85%$206.16
49,850 at 2.86%$206.42
49,850 at 2.87%$206.69
49,850 at 2.88%$206.96
49,850 at 2.89%$207.22
49,850 at 2.9%$207.49
49,850 at 2.91%$207.76
49,850 at 2.92%$208.02
49,850 at 2.93%$208.29
49,850 at 2.94%$208.56
49,850 at 2.95%$208.83
49,850 at 2.96%$209.10
49,850 at 2.97%$209.36
49,850 at 2.98%$209.63
49,850 at 2.99%$209.90
49,850 at 3%$210.17
49,850 at 3.01%$210.44
49,850 at 3.02%$210.71
49,850 at 3.03%$210.98
49,850 at 3.04%$211.25
49,850 at 3.05%$211.52
49,850 at 3.06%$211.79
49,850 at 3.07%$212.06
49,850 at 3.08%$212.33
49,850 at 3.09%$212.60
49,850 at 3.1%$212.87
49,850 at 3.11%$213.14
49,850 at 3.12%$213.41
49,850 at 3.13%$213.68
49,850 at 3.14%$213.95
49,850 at 3.15%$214.22
49,850 at 3.16%$214.50
49,850 at 3.17%$214.77
49,850 at 3.18%$215.04
49,850 at 3.19%$215.31
49,850 at 3.2%$215.58
49,850 at 3.21%$215.86
49,850 at 3.22%$216.13
49,850 at 3.23%$216.40
49,850 at 3.24%$216.68
49,850 at 3.25%$216.95
49,850 at 3.26%$217.22
49,850 at 3.27%$217.50
49,850 at 3.28%$217.77
49,850 at 3.29%$218.05
49,850 at 3.3%$218.32
49,850 at 3.31%$218.60
49,850 at 3.32%$218.87
49,850 at 3.33%$219.15
49,850 at 3.34%$219.42
49,850 at 3.35%$219.70
49,850 at 3.36%$219.97
49,850 at 3.37%$220.25
49,850 at 3.38%$220.52
49,850 at 3.39%$220.80
49,850 at 3.4%$221.08
49,850 at 3.41%$221.35
49,850 at 3.42%$221.63
49,850 at 3.43%$221.91
49,850 at 3.44%$222.18
49,850 at 3.45%$222.46
49,850 at 3.46%$222.74
49,850 at 3.47%$223.01
49,850 at 3.48%$223.29
49,850 at 3.49%$223.57
49,850 at 3.5%$223.85
Interest Rate 30 Year
49,850 at 3.51%$224.13
49,850 at 3.52%$224.41
49,850 at 3.53%$224.68
49,850 at 3.54%$224.96
49,850 at 3.55%$225.24
49,850 at 3.56%$225.52
49,850 at 3.57%$225.80
49,850 at 3.58%$226.08
49,850 at 3.59%$226.36
49,850 at 3.6%$226.64
49,850 at 3.61%$226.92
49,850 at 3.62%$227.20
49,850 at 3.63%$227.48
49,850 at 3.64%$227.76
49,850 at 3.65%$228.04
49,850 at 3.66%$228.32
49,850 at 3.67%$228.61
49,850 at 3.68%$228.89
49,850 at 3.69%$229.17
49,850 at 3.7%$229.45
49,850 at 3.71%$229.73
49,850 at 3.72%$230.02
49,850 at 3.73%$230.30
49,850 at 3.74%$230.58
49,850 at 3.75%$230.86
49,850 at 3.76%$231.15
49,850 at 3.77%$231.43
49,850 at 3.78%$231.71
49,850 at 3.79%$232.00
49,850 at 3.8%$232.28
49,850 at 3.81%$232.56
49,850 at 3.82%$232.85
49,850 at 3.83%$233.13
49,850 at 3.84%$233.42
49,850 at 3.85%$233.70
49,850 at 3.86%$233.99
49,850 at 3.87%$234.27
49,850 at 3.88%$234.56
49,850 at 3.89%$234.84
49,850 at 3.9%$235.13
49,850 at 3.91%$235.41
49,850 at 3.92%$235.70
49,850 at 3.93%$235.98
49,850 at 3.94%$236.27
49,850 at 3.95%$236.56
49,850 at 3.96%$236.84
49,850 at 3.97%$237.13
49,850 at 3.98%$237.42
49,850 at 3.99%$237.70
49,850 at 4%$237.99
49,850 at 4.01%$238.28
49,850 at 4.02%$238.57
49,850 at 4.03%$238.85
49,850 at 4.04%$239.14
49,850 at 4.05%$239.43
49,850 at 4.06%$239.72
49,850 at 4.07%$240.01
49,850 at 4.08%$240.30
49,850 at 4.09%$240.59
49,850 at 4.1%$240.87
49,850 at 4.11%$241.16
49,850 at 4.12%$241.45
49,850 at 4.13%$241.74
49,850 at 4.14%$242.03
49,850 at 4.15%$242.32
49,850 at 4.16%$242.61
49,850 at 4.17%$242.90
49,850 at 4.18%$243.19
49,850 at 4.19%$243.48
49,850 at 4.2%$243.78
49,850 at 4.21%$244.07
49,850 at 4.22%$244.36
49,850 at 4.23%$244.65
49,850 at 4.24%$244.94
49,850 at 4.25%$245.23
49,850 at 4.26%$245.52
49,850 at 4.27%$245.82
49,850 at 4.28%$246.11
49,850 at 4.29%$246.40
49,850 at 4.3%$246.69
49,850 at 4.31%$246.99
49,850 at 4.32%$247.28
49,850 at 4.33%$247.57
49,850 at 4.34%$247.87
49,850 at 4.35%$248.16
49,850 at 4.36%$248.45
49,850 at 4.37%$248.75
49,850 at 4.38%$249.04
49,850 at 4.39%$249.33
49,850 at 4.4%$249.63
49,850 at 4.41%$249.92
49,850 at 4.42%$250.22
49,850 at 4.43%$250.51
49,850 at 4.44%$250.81
49,850 at 4.45%$251.10
49,850 at 4.46%$251.40
49,850 at 4.47%$251.69
49,850 at 4.48%$251.99
49,850 at 4.49%$252.29
49,850 at 4.5%$252.58
49,850 at 4.51%$252.88
49,850 at 4.52%$253.18
49,850 at 4.53%$253.47
49,850 at 4.54%$253.77
49,850 at 4.55%$254.07
49,850 at 4.56%$254.36
49,850 at 4.57%$254.66
49,850 at 4.58%$254.96
49,850 at 4.59%$255.26
49,850 at 4.6%$255.55
49,850 at 4.61%$255.85
49,850 at 4.62%$256.15
49,850 at 4.63%$256.45
49,850 at 4.64%$256.75
49,850 at 4.65%$257.04
49,850 at 4.66%$257.34
49,850 at 4.67%$257.64
49,850 at 4.68%$257.94
49,850 at 4.69%$258.24
49,850 at 4.7%$258.54
49,850 at 4.71%$258.84
49,850 at 4.72%$259.14
49,850 at 4.73%$259.44
49,850 at 4.74%$259.74
49,850 at 4.75%$260.04
49,850 at 4.76%$260.34
49,850 at 4.77%$260.64
49,850 at 4.78%$260.94
49,850 at 4.79%$261.24
49,850 at 4.8%$261.55
49,850 at 4.81%$261.85
49,850 at 4.82%$262.15
49,850 at 4.83%$262.45
49,850 at 4.84%$262.75
49,850 at 4.85%$263.05
49,850 at 4.86%$263.36
49,850 at 4.87%$263.66
49,850 at 4.88%$263.96
49,850 at 4.89%$264.26
49,850 at 4.9%$264.57
49,850 at 4.91%$264.87
49,850 at 4.92%$265.17
49,850 at 4.93%$265.48
49,850 at 4.94%$265.78
49,850 at 4.95%$266.08
49,850 at 4.96%$266.39
49,850 at 4.97%$266.69
49,850 at 4.98%$267.00
49,850 at 4.99%$267.30
49,850 at 5%$267.61
Interest Rate 30 Year
49,850 at 5.01%$267.91
49,850 at 5.02%$268.22
49,850 at 5.03%$268.52
49,850 at 5.04%$268.83
49,850 at 5.05%$269.13
49,850 at 5.06%$269.44
49,850 at 5.07%$269.74
49,850 at 5.08%$270.05
49,850 at 5.09%$270.35
49,850 at 5.1%$270.66
49,850 at 5.11%$270.97
49,850 at 5.12%$271.27
49,850 at 5.13%$271.58
49,850 at 5.14%$271.89
49,850 at 5.15%$272.19
49,850 at 5.16%$272.50
49,850 at 5.17%$272.81
49,850 at 5.18%$273.12
49,850 at 5.19%$273.42
49,850 at 5.2%$273.73
49,850 at 5.21%$274.04
49,850 at 5.22%$274.35
49,850 at 5.23%$274.66
49,850 at 5.24%$274.96
49,850 at 5.25%$275.27
49,850 at 5.26%$275.58
49,850 at 5.27%$275.89
49,850 at 5.28%$276.20
49,850 at 5.29%$276.51
49,850 at 5.3%$276.82
49,850 at 5.31%$277.13
49,850 at 5.32%$277.44
49,850 at 5.33%$277.75
49,850 at 5.34%$278.06
49,850 at 5.35%$278.37
49,850 at 5.36%$278.68
49,850 at 5.37%$278.99
49,850 at 5.38%$279.30
49,850 at 5.39%$279.61
49,850 at 5.4%$279.92
49,850 at 5.41%$280.23
49,850 at 5.42%$280.55
49,850 at 5.43%$280.86
49,850 at 5.44%$281.17
49,850 at 5.45%$281.48
49,850 at 5.46%$281.79
49,850 at 5.47%$282.11
49,850 at 5.48%$282.42
49,850 at 5.49%$282.73
49,850 at 5.5%$283.04
49,850 at 5.51%$283.36
49,850 at 5.52%$283.67
49,850 at 5.53%$283.98
49,850 at 5.54%$284.30
49,850 at 5.55%$284.61
49,850 at 5.56%$284.92
49,850 at 5.57%$285.24
49,850 at 5.58%$285.55
49,850 at 5.59%$285.86
49,850 at 5.6%$286.18
49,850 at 5.61%$286.49
49,850 at 5.62%$286.81
49,850 at 5.63%$287.12
49,850 at 5.64%$287.44
49,850 at 5.65%$287.75
49,850 at 5.66%$288.07
49,850 at 5.67%$288.38
49,850 at 5.68%$288.70
49,850 at 5.69%$289.01
49,850 at 5.7%$289.33
49,850 at 5.71%$289.65
49,850 at 5.72%$289.96
49,850 at 5.73%$290.28
49,850 at 5.74%$290.59
49,850 at 5.75%$290.91
49,850 at 5.76%$291.23
49,850 at 5.77%$291.54
49,850 at 5.78%$291.86
49,850 at 5.79%$292.18
49,850 at 5.8%$292.50
49,850 at 5.81%$292.81
49,850 at 5.82%$293.13
49,850 at 5.83%$293.45
49,850 at 5.84%$293.77
49,850 at 5.85%$294.09
49,850 at 5.86%$294.40
49,850 at 5.87%$294.72
49,850 at 5.88%$295.04
49,850 at 5.89%$295.36
49,850 at 5.9%$295.68
49,850 at 5.91%$296.00
49,850 at 5.92%$296.32
49,850 at 5.93%$296.64
49,850 at 5.94%$296.96
49,850 at 5.95%$297.28
49,850 at 5.96%$297.60
49,850 at 5.97%$297.92
49,850 at 5.98%$298.24
49,850 at 5.99%$298.56
49,850 at 6%$298.88
49,850 at 6.01%$299.20
49,850 at 6.02%$299.52
49,850 at 6.03%$299.84
49,850 at 6.04%$300.16
49,850 at 6.05%$300.48
49,850 at 6.06%$300.80
49,850 at 6.07%$301.12
49,850 at 6.08%$301.44
49,850 at 6.09%$301.77
49,850 at 6.1%$302.09
49,850 at 6.11%$302.41
49,850 at 6.12%$302.73
49,850 at 6.13%$303.06
49,850 at 6.14%$303.38
49,850 at 6.15%$303.70
49,850 at 6.16%$304.02
49,850 at 6.17%$304.35
49,850 at 6.18%$304.67
49,850 at 6.19%$304.99
49,850 at 6.2%$305.32
49,850 at 6.21%$305.64
49,850 at 6.22%$305.96
49,850 at 6.23%$306.29
49,850 at 6.24%$306.61
49,850 at 6.25%$306.94
49,850 at 6.26%$307.26
49,850 at 6.27%$307.58
49,850 at 6.28%$307.91
49,850 at 6.29%$308.23
49,850 at 6.3%$308.56
49,850 at 6.31%$308.88
49,850 at 6.32%$309.21
49,850 at 6.33%$309.53
49,850 at 6.34%$309.86
49,850 at 6.35%$310.18
49,850 at 6.36%$310.51
49,850 at 6.37%$310.84
49,850 at 6.38%$311.16
49,850 at 6.39%$311.49
49,850 at 6.4%$311.81
49,850 at 6.41%$312.14
49,850 at 6.42%$312.47
49,850 at 6.43%$312.79
49,850 at 6.44%$313.12
49,850 at 6.45%$313.45
49,850 at 6.46%$313.78
49,850 at 6.47%$314.10
49,850 at 6.48%$314.43
49,850 at 6.49%$314.76
49,850 at 6.5%$315.09
Interest Rate 30 Year
49,850 at 6.51%$315.41
49,850 at 6.52%$315.74
49,850 at 6.53%$316.07
49,850 at 6.54%$316.40
49,850 at 6.55%$316.73
49,850 at 6.56%$317.06
49,850 at 6.57%$317.38
49,850 at 6.58%$317.71
49,850 at 6.59%$318.04
49,850 at 6.6%$318.37
49,850 at 6.61%$318.70
49,850 at 6.62%$319.03
49,850 at 6.63%$319.36
49,850 at 6.64%$319.69
49,850 at 6.65%$320.02
49,850 at 6.66%$320.35
49,850 at 6.67%$320.68
49,850 at 6.68%$321.01
49,850 at 6.69%$321.34
49,850 at 6.7%$321.67
49,850 at 6.71%$322.00
49,850 at 6.72%$322.33
49,850 at 6.73%$322.66
49,850 at 6.74%$322.99
49,850 at 6.75%$323.33
49,850 at 6.76%$323.66
49,850 at 6.77%$323.99
49,850 at 6.78%$324.32
49,850 at 6.79%$324.65
49,850 at 6.8%$324.98
49,850 at 6.81%$325.32
49,850 at 6.82%$325.65
49,850 at 6.83%$325.98
49,850 at 6.84%$326.31
49,850 at 6.85%$326.65
49,850 at 6.86%$326.98
49,850 at 6.87%$327.31
49,850 at 6.88%$327.65
49,850 at 6.89%$327.98
49,850 at 6.9%$328.31
49,850 at 6.91%$328.65
49,850 at 6.92%$328.98
49,850 at 6.93%$329.31
49,850 at 6.94%$329.65
49,850 at 6.95%$329.98
49,850 at 6.96%$330.32
49,850 at 6.97%$330.65
49,850 at 6.98%$330.98
49,850 at 6.99%$331.32
49,850 at 7%$331.65
49,850 at 7.01%$331.99
49,850 at 7.02%$332.32
49,850 at 7.03%$332.66
49,850 at 7.04%$332.99
49,850 at 7.05%$333.33
49,850 at 7.06%$333.66
49,850 at 7.07%$334.00
49,850 at 7.08%$334.34
49,850 at 7.09%$334.67
49,850 at 7.1%$335.01
49,850 at 7.11%$335.34
49,850 at 7.12%$335.68
49,850 at 7.13%$336.02
49,850 at 7.14%$336.35
49,850 at 7.15%$336.69
49,850 at 7.16%$337.03
49,850 at 7.17%$337.36
49,850 at 7.18%$337.70
49,850 at 7.19%$338.04
49,850 at 7.2%$338.38
49,850 at 7.21%$338.71
49,850 at 7.22%$339.05
49,850 at 7.23%$339.39
49,850 at 7.24%$339.73
49,850 at 7.25%$340.06
49,850 at 7.26%$340.40
49,850 at 7.27%$340.74
49,850 at 7.28%$341.08
49,850 at 7.29%$341.42
49,850 at 7.3%$341.76
49,850 at 7.31%$342.10
49,850 at 7.32%$342.43
49,850 at 7.33%$342.77
49,850 at 7.34%$343.11
49,850 at 7.35%$343.45
49,850 at 7.36%$343.79
49,850 at 7.37%$344.13
49,850 at 7.38%$344.47
49,850 at 7.39%$344.81
49,850 at 7.4%$345.15
49,850 at 7.41%$345.49
49,850 at 7.42%$345.83
49,850 at 7.43%$346.17
49,850 at 7.44%$346.51
49,850 at 7.45%$346.85
49,850 at 7.46%$347.19
49,850 at 7.47%$347.53
49,850 at 7.48%$347.88
49,850 at 7.49%$348.22
49,850 at 7.5%$348.56
49,850 at 7.51%$348.90
49,850 at 7.52%$349.24
49,850 at 7.53%$349.58
49,850 at 7.54%$349.92
49,850 at 7.55%$350.27
49,850 at 7.56%$350.61
49,850 at 7.57%$350.95
49,850 at 7.58%$351.29
49,850 at 7.59%$351.64
49,850 at 7.6%$351.98
49,850 at 7.61%$352.32
49,850 at 7.62%$352.66
49,850 at 7.63%$353.01
49,850 at 7.64%$353.35
49,850 at 7.65%$353.69
49,850 at 7.66%$354.04
49,850 at 7.67%$354.38
49,850 at 7.68%$354.72
49,850 at 7.69%$355.07
49,850 at 7.7%$355.41
49,850 at 7.71%$355.75
49,850 at 7.72%$356.10
49,850 at 7.73%$356.44
49,850 at 7.74%$356.79
49,850 at 7.75%$357.13
49,850 at 7.76%$357.48
49,850 at 7.77%$357.82
49,850 at 7.78%$358.17
49,850 at 7.79%$358.51
49,850 at 7.8%$358.86
49,850 at 7.81%$359.20
49,850 at 7.82%$359.55
49,850 at 7.83%$359.89
49,850 at 7.84%$360.24
49,850 at 7.85%$360.58
49,850 at 7.86%$360.93
49,850 at 7.87%$361.27
49,850 at 7.88%$361.62
49,850 at 7.89%$361.97
49,850 at 7.9%$362.31
49,850 at 7.91%$362.66
49,850 at 7.92%$363.01
49,850 at 7.93%$363.35
49,850 at 7.94%$363.70
49,850 at 7.95%$364.05
49,850 at 7.96%$364.39
49,850 at 7.97%$364.74
49,850 at 7.98%$365.09
49,850 at 7.99%$365.43
49,850 at 8%$365.78
More Amounts
What is the down payment for a $49,850 house? How much do you need to put down?
Percent Down Down Payment
1%499
2%997
3%1,496
4%1,994
5%2,493
6%2,991
7%3,490
8%3,988
9%4,487
10%4,985
11%5,484
12%5,982
13%6,481
14%6,979
15%7,478
16%7,976
17%8,475
18%8,973
19%9,472
20%9,970
Percent Down Down Payment
21%10,469
22%10,967
23%11,466
24%11,964
25%12,463
26%12,961
27%13,460
28%13,958
29%14,457
30%14,955
31%15,454
32%15,952
33%16,451
34%16,949
35%17,448
36%17,946
37%18,445
38%18,943
39%19,442
40%19,940
Percent Down Down Payment
41%20,439
42%20,937
43%21,436
44%21,934
45%22,433
46%22,931
47%23,430
48%23,928
49%24,427
50%24,925
51%25,424
52%25,922
53%26,421
54%26,919
55%27,418
56%27,916
57%28,415
58%28,913
59%29,412
60%29,910
Percent Down Down Payment
61%30,409
62%30,907
63%31,406
64%31,904
65%32,403
66%32,901
67%33,400
68%33,898
69%34,397
70%34,895
71%35,394
72%35,892
73%36,391
74%36,889
75%37,388
76%37,886
77%38,385
78%38,883
79%39,382
80%39,880
Percent Down Down Payment
81%40,379
82%40,877
83%41,376
84%41,874
85%42,373
86%42,871
87%43,370
88%43,868
89%44,367
90%44,865
91%45,364
92%45,862
93%46,361
94%46,859
95%47,358
96%47,856
97%48,355
98%48,853
99%49,352
100%49,850
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.