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Which Loan is Better?

Input Information
  Loan 1 Loan 2
Amount : ($)
Interest Rate : (%) (%)
Length : (Yrs) (Yrs)
Points : (%) (%)
Origination Fees : (%) (%)
Closing Costs : ($) ($)
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Financial Analysis (Switch to Plain English)
  Loan 1 Loan 2
Points Value $2,500.00 $3,750.00
Origination Fees $0.00 $1,250.00
Total Closing Costs $3,700.00 $5,700.00
Amount Financed $250,000.00 $250,000.00
Monthly Principal & Interests : $1,342.05 $1,266.71
Total Monthly Payments : $483,139.46 $456,016.78
Payment Savings : $0.00 $27,122.68
Plain English Help (Switch to Financial Analysis)
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.
Mortgage calculators by Choice Finance® 
Standard mortgage calculator - Additional principal payments calculator - Should I pay points | Break-even analysis - Interest only mortgage calculator - Interest-only w/ additional payments - Option ARM calculator - Calculate APR % - APR calculator w/ amortization - Home equity calculator - should I refinance calculator - refinancing mortgage calculator - Rent vs. buy - Rent or buy calculator - Pre qualify - Home loan affordability calculator - Which loan is better - Side by Side mortgage comparison - Biweekly mortgage calculator - Calculate current balance - Calculate remaining years - Pay down debts or invest in real estate - Tax benefits analysis - Credit card minimum payment - Payment and time required to pay off credit card - Canadian mortgage calculator - 1 loan w/ PMI or 2 loans (80-10-10) - Interest only payment