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Which Loan is Better?

Input

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

Financial Analysis

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