Which Loan is Better?

Input

	Loan 1	Loan 2
Amount	($)
Interest	(%)	(%)
Loan Length	(Yrs)	(Yrs)
Points	(%)	(%)
Origination Fees	(%)	(%)
Closing Cost	($)	($)
Show amortization table

Financial Analysis

	Loan 1	Loan 2
Monthly Payment	$2,000.00	$3,000.00
Origination Fees	$1,000.00	$1,250.00
Total Closing Cost	$4,200.00	$4,950.00
Amount Financed	$198,000.00	$197,000.00
Monthly Payment	$1,235.26	$1,149.64
Total Monthly Payment	$444,694.46	$413,869.87
Total Savings	$0.00	$30,824.59

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or it's applicability to your financial situation. Please consult your own financial advisor.