| Loan A | Loan B | |
|---|---|---|
| APR | 5% | 5.61% |
| Interest rate | 5% | 4.5% |
| Loan amount | $20,000 | $20,000 |
| Origination fee | None | 5% |
| Net proceeds | $20,000 | $19,000 |
| 120 payments of | $212.13 | $207.28 |
| Total interest | $5,455 | $4,873 |
| Total fees | $0 | $1,000 |
| Total cost | $5,455 | $5,873 |
| Loan A | Loan B | |
|---|---|---|
| APR | 5% | 5.61% |
| Interest rate | 5% | 4.5% |
| Loan amount | $20,000 | $20,000 |
| Origination fee | None | 5% |
| Net proceeds | $20,000 | $19,000 |
| 120 payments of | $212.13 | $207.28 |
| Total interest | $5,455 | $4,873 |
| Total fees | $0 | $1,000 |
| Total cost | $5,455 | $5,873 |
