A borrower is considering two loans. The first is a 25years Ksh 80000 CPA loan at 12% interest per annum payable monthly. The sec second is 25years ,Ksh 90000 CPM loan at 13% per annum payable monthly .The borrower required Ksh 90000 loan to buy a home. Showing your workings ,how should the borrower compare the two loans ?

all are CPM - Constant payment mortgage loan

the first loan is fixed the second loan is not fixed

this question comes from finance and investment

A borrower is considering two loans. The first is a 25y is fixed CPM loon of 80,000 at 121. Peranum payable Monthly and 25yrs 90,000 CPM loon at 131. par annon payable monthly. The borrowes has required 90,000 loan to buy a home. Queshon- How should borrower compart a loans CPM - Constant Payment mortgage)