No Cost Loans

The No Cost Loan Comparison

Pay all of the fees

Have all of the fees paid for you

$300,000 Loan Amt
4.625% int. rate
Total Fees
6,490
Principal and Interest Payment
$1,542.42
Rates as of 3-15-11
4.88% APR
$300,000 Loan Amt 5% Interest Rate
Total Fees 0
Principal and Interest Payment $1,610.46
Rates as of 3-15-11 5.1% APR

Here’s a breakdown of the time it will take
to break even with a standard loan

Difference In Payment

$68.04

Difference in Fees

$6,490.00

Months to break even

95.39

Years to break even

7.95
 

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