Which Loan is Better?
Input
Loan 1
Loan 2
Amount
($)
Interest
(%)
(%)
Loan Length
(Yrs)
(Yrs)
Points
(%)
(%)
Origination Fees
(%)
(%)
ClosingCost
($)
($)
Show amortization table
Financial Analysis
Loan 1
Loan 2
Monthly Payment
$2,500.00
$3,750.00
Origination Fees
$0.00
$1,250.00
Total Closing Cost
$3,700.00
$5,700.00
Amount Financed
$247,500.00
$246,250.00
Monthly Payment
$1,291.08
$1,211.40
Total Monthly Payment
$464,787.78
$436,104.71
Total Savings
$0.00
$28,683.06