We are enjoying peace with God.

Our Lord Jesus Christ bore all my sins

—my original sin, my past sins, my present sins, and even my future sins—on the cross and died,

and He rose from the dead.

Therefore, believing in our Lord Jesus Christ,

I have received forgiveness for all my sins and have been declared righteous (Rom. 4:25).

The faith that God graciously gave me

is a faith that believes against all hope and in hope against hope (v. 18).

How can all my sins be imputed to Jesus

so that when He died on the cross, He bore all my sins,

and I can receive forgiveness for all my sins?

How can the righteousness of God be imputed to me

so that the holy God can declare me, a sinner, as righteous (justification)?

By human understanding, it's utterly incomprehensible (Prov. 3:5)

and one can only doubt God in unbelief (Rom. 4:20),

but by the faith graciously given by God,

a faith that believes against all hope and in hope against hope,

there's no choice but to believe.

It's a conviction that cannot be shaken (v. 21).

I am strengthened in faith, giving glory to God (v. 20).

Therefore, I am justified by faith,

have peace with God through our Lord Jesus Christ (5:1).

I am in communion with God the Father and His Son Jesus Christ (1 Jn. 1:3).

In this communion,

there is fullness of joy (v. 4) and the peace that God gives (Rom. 5:1).

Therefore, I praise God, saying "It is well, it is well with my soul"

(Hymn “When Peace Like a River”).