Which of the following loan should you choose? (which one has a lower loan cost?) Loan A Loan amount $100,000 Term Interest rate 6.25% Upfront fees 1.5% Annual Percentage rate 6.53% Loan B $100,000 30 years 6.4% 30 years 0.5% 6.5% Loan A because it has a lower interest rate. Loan B because it has a lower upfront fee. Loan B because it has a lower Annual Percentage rate. Both are the same