Which Loan Is Better?

Input Information
  Loan 1 Loan 2
Amount : ($)
Interest Rate : (%) (%)
Length : (Yrs) (Yrs)
Points : (%) (%)
Origination Fees : (%) (%)
Closing Cost : ($) ($)
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Financial Analysis
  Loan 1 Loan 2
Points Value $5,200.00 $7,800.00
Origination Fees $0.00 $2,600.00
Total Closing Cost $6,400.00 $11,100.00
Amount Financed $520,000.00 $520,000.00
Monthly Principal and Interest : $3,372.71 $2,527.74
Total Monthly Payments : $1,214,175.64 $909,985.42
Payment Savings : $0.00 $304,190.22
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.
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