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Which loan is better ?
First Loan Information

Loan Ammount ($)
Interest rate (%)
Length of Loan (Yrs)
Discount Points (%)
Origination Fee (%)
Closing cost ($)
Second Loan Information

Loan Ammount ($))
Interest rate (%)
Length of Loan (Yrs)
Discount Points (%)
Origination Fee (%)
Closing cost ($)

Results
First Loans Second Loan
Monthly Payment: $851.68 Monthly Payment: $1,048.82
Origination fee: $0.00 Origination fee: $1,500.00
Discount Points: $1,500.00 Discount Points: $1,500.00
Closing Cost: $1,000.00 Closing Cost: $1,200.00
Total Closing Cost: $2,500.00 Total Closing Cost: $4,200.00
Total paid (P+I): $306,606.06 Total paid (P+I): $377,575.83
Real APR: 5.65% Real APR: 7.79%

Instructions
This simple calculator calculates difference between your monthly payment based on your input.

Disclaimer: We cannot guarantee the accuracy of this calculator. You should check with your finance provider before entering into any contracts.
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