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Wed March 10, 2010
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Which Loan is Better?

Input Information
  Loan 1 Loan 2
Amount : ($)
Interest Rate : (%) (%)
Length : (Yrs) (Yrs)
Points : (%) (%)
Origination Fees : (%) (%)
Closing Cost : ($) ($)

Financial Analysis
  Loan 1 Loan 2
Points Value $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 Principal and Interest : $1,291.08 $1,197.03
Total Monthly Payment : $464,787.78 $430,930.60
Payment Savings : $0.00 $33,857.18
 

 
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