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 $2,500.00 $3,750.00
Origination Fees $0.00 $1,250.00
Total Closing Cost $3,700.00 $5,700.00
Amount Financed $250,000.00 $250,000.00
Monthly Principal and Interest : $1,304.12 $1,215.26
Total Monthly Payments : $469,482.60 $437,492.99
Payment Savings : $0.00 $31,989.61
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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