Which Loan is Better?
Input
Financial Analysis
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Loan 1
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Loan 2
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Monthly Payment
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$2,500.00
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$3,750.00
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Origination Fees
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$0.00
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$1,250.00
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Total Closing Cost
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$3,700.00
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$5,700.00
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Amount Financed
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$247,500.00
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$246,250.00
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Monthly Payment
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$1,291.08
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$1,211.40
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Total Monthly Payment
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$464,787.78
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$436,104.71
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Total Savings
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$0.00
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$28,683.06
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