Educational simulation

Borrowing cost comparison

Use fictional numbers. Results are illustrations, not financial advice or actual offers.

Assumptions

Amount borrowed ($)Option A annual rate (%)Option B annual rate (%)Term in whole months

Option	Monthly payment	Total interest
A	$88.85	$66.19
B	$92.63	$111.61

Fixed rate, equal monthly amortized payments, no fees or missed payments. Rounding may change the final payment.