Which loan will cost you more, the 5% on a $30,000 loan for a car, or 4% on a $300,000 loan for a house?

asked May 8, 2021 26.6k views

3 votes

4.4k points

Please log in or register to add a comment.

2 votes

Answer:

The loan on the house.

Explanation:

5% of $30,000 is $1500

While, 4% of 300,000 is $12,000

KHansen answered May 12, 2021

4.4k points

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

4.5m questions

5.8m answers