It appears that, over the specified comparison period, the 'traditional' loan is the least expensive: $267,698 versus $274,507.<table class='pure-table pure-table-bordered' role='grid'><tr><th scope="col"></th><th scope="col">'No-Cost' Loan (5.50%)</th><th scope="col">Traditional Loan (5.00%)</th></tr><tr><td role="rowheader" scope="row">Monthly payment (P&I)</td><td>$860</td><td>$833</td></tr><tr><td role="rowheader" scope="row">Total (discounted) outlay</td><td>$274,507</td><td>$267,698</td></tr><tr><td role="rowheader" scope="row">Plus (discounted) remaining principal balance (if any)</td><td>$-0</td><td>$-0</td></tr><tr><td role="rowheader" scope="row">Plus closing costs (if paid in cash)</td><td>$0</td><td>$0</td></tr><tr><td role="rowheader" scope="row">Equals total (discounted) outlay</td><td>$274,507</td><td>$267,698</td></tr></table> <div id="chart1Container">Chart will load here</div> <script type="text/javascript"> <!-- var myChart1 = new FusionCharts( "MSColumn2D", "myChart1Id", "100%", "100%", "0", "1" ); myChart1.setXMLData("<chart showValues='1' showFCMenuItem='0' decimals='0' formatNumberScale='0' caption='Total (Discounted) Outlay' xAxisName='' numberPrefix='$' bgColor='FFFFFF' showBorder='1' borderColor='FFFFFF' borderThickness='1' canvasBgColor='ffffff' showAlternateHGridColor='0' plotGradientColor='' numberSuffix='' thousandSeparator=',' decimalSeparator='.'><categories><category label='' /></categories><dataset seriesName='No-Cost'><set value='274507.0' /></dataset><dataset seriesName='Traditional'><set value='267698.0' /></dataset></chart>"); // --> </script> <table class='pure-table pure-table-bordered' role='grid'><tr><th scope="col">Year</th><th scope="col">'No-Cost' Payment</th><th scope="col">Tax Savings</th><th scope="col">Loan Balance</th><th scope="col">Today's Value of Outlay</th><th scope="col">Traditional Payment</th><th scope="col">Tax Savings</th><th scope="col">Loan Balance</th><th scope="col">Today's Value of Outlay</th></tr><tr><td role="rowheader" scope="row">1</td><td>$10,321</td><td>$1,815</td><td>$147,929</td><td>$8,506</td><td>$9,995</td><td>$1,690</td><td>$151,342</td><td>$8,305</td></tr><tr><td role="rowheader" scope="row">2</td><td>10,321</td><td>1,790</td><td>145,744</td><td>8,531</td><td>9,995</td><td>1,665</td><td>148,914</td><td>8,331</td></tr><tr><td role="rowheader" scope="row">3</td><td>10,321</td><td>1,764</td><td>143,440</td><td>8,557</td><td>9,995</td><td>1,638</td><td>146,364</td><td>8,357</td></tr><tr><td role="rowheader" scope="row">4</td><td>10,321</td><td>1,736</td><td>141,008</td><td>8,585</td><td>9,995</td><td>1,610</td><td>143,687</td><td>8,385</td></tr><tr><td role="rowheader" scope="row">5</td><td>10,321</td><td>1,706</td><td>138,443</td><td>8,615</td><td>9,995</td><td>1,581</td><td>140,876</td><td>8,415</td></tr><tr><td role="rowheader" scope="row">6</td><td>10,321</td><td>1,675</td><td>135,736</td><td>8,646</td><td>9,995</td><td>1,550</td><td>137,924</td><td>8,446</td></tr><tr><td role="rowheader" scope="row">7</td><td>10,321</td><td>1,642</td><td>132,881</td><td>8,678</td><td>9,995</td><td>1,517</td><td>134,825</td><td>8,478</td></tr><tr><td role="rowheader" scope="row">8</td><td>10,321</td><td>1,608</td><td>129,868</td><td>8,713</td><td>9,995</td><td>1,483</td><td>131,571</td><td>8,512</td></tr><tr><td role="rowheader" scope="row">9</td><td>10,321</td><td>1,571</td><td>126,690</td><td>8,749</td><td>9,995</td><td>1,447</td><td>128,154</td><td>8,548</td></tr><tr><td role="rowheader" scope="row">10</td><td>10,321</td><td>1,533</td><td>123,338</td><td>8,788</td><td>9,995</td><td>1,410</td><td>124,566</td><td>8,586</td></tr><tr><td role="rowheader" scope="row">11</td><td>10,321</td><td>1,492</td><td>119,800</td><td>8,828</td><td>9,995</td><td>1,370</td><td>120,799</td><td>8,625</td></tr><tr><td role="rowheader" scope="row">12</td><td>10,321</td><td>1,450</td><td>116,069</td><td>8,871</td><td>9,995</td><td>1,329</td><td>116,843</td><td>8,667</td></tr><tr><td role="rowheader" scope="row">13</td><td>10,321</td><td>1,404</td><td>112,132</td><td>8,916</td><td>9,995</td><td>1,285</td><td>112,690</td><td>8,710</td></tr><tr><td role="rowheader" scope="row">14</td><td>10,321</td><td>1,357</td><td>107,978</td><td>8,964</td><td>9,995</td><td>1,240</td><td>108,329</td><td>8,756</td></tr><tr><td role="rowheader" scope="row">15</td><td>10,321</td><td>1,307</td><td>103,596</td><td>9,014</td><td>9,995</td><td>1,192</td><td>103,750</td><td>8,804</td></tr><tr><td role="rowheader" scope="row">16</td><td>10,321</td><td>1,254</td><td>98,973</td><td>9,067</td><td>9,995</td><td>1,141</td><td>98,942</td><td>8,854</td></tr><tr><td role="rowheader" scope="row">17</td><td>10,321</td><td>1,198</td><td>94,096</td><td>9,123</td><td>9,995</td><td>1,088</td><td>93,893</td><td>8,907</td></tr><tr><td role="rowheader" scope="row">18</td><td>10,321</td><td>1,139</td><td>88,950</td><td>9,182</td><td>9,995</td><td>1,033</td><td>88,592</td><td>8,963</td></tr><tr><td role="rowheader" scope="row">19</td><td>10,321</td><td>1,076</td><td>83,522</td><td>9,245</td><td>9,995</td><td>975</td><td>83,027</td><td>9,021</td></tr><tr><td role="rowheader" scope="row">20</td><td>10,321</td><td>1,011</td><td>77,794</td><td>9,310</td><td>9,995</td><td>913</td><td>77,182</td><td>9,082</td></tr><tr><td role="rowheader" scope="row">21</td><td>10,321</td><td>941</td><td>71,752</td><td>9,379</td><td>9,995</td><td>849</td><td>71,046</td><td>9,146</td></tr><tr><td role="rowheader" scope="row">22</td><td>10,321</td><td>868</td><td>65,378</td><td>9,453</td><td>9,995</td><td>782</td><td>64,603</td><td>9,214</td></tr><tr><td role="rowheader" scope="row">23</td><td>10,321</td><td>791</td><td>58,653</td><td>9,530</td><td>9,995</td><td>711</td><td>57,838</td><td>9,285</td></tr><tr><td role="rowheader" scope="row">24</td><td>10,321</td><td>710</td><td>51,558</td><td>9,611</td><td>9,995</td><td>636</td><td>50,734</td><td>9,359</td></tr><tr><td role="rowheader" scope="row">25</td><td>10,321</td><td>624</td><td>44,073</td><td>9,697</td><td>9,995</td><td>558</td><td>43,275</td><td>9,437</td></tr><tr><td role="rowheader" scope="row">26</td><td>10,321</td><td>533</td><td>36,176</td><td>9,788</td><td>9,995</td><td>476</td><td>35,443</td><td>9,519</td></tr><tr><td role="rowheader" scope="row">27</td><td>10,321</td><td>438</td><td>27,845</td><td>9,883</td><td>9,995</td><td>390</td><td>27,220</td><td>9,606</td></tr><tr><td role="rowheader" scope="row">28</td><td>10,321</td><td>337</td><td>19,056</td><td>9,984</td><td>9,995</td><td>299</td><td>18,586</td><td>9,696</td></tr><tr><td role="rowheader" scope="row">29</td><td>10,321</td><td>231</td><td>9,783</td><td>10,090</td><td>9,995</td><td>204</td><td>9,520</td><td>9,791</td></tr><tr><td role="rowheader" scope="row">30</td><td>10,321</td><td>118</td><td>0</td><td>10,202</td><td>9,995</td><td>105</td><td>0</td><td>9,891</td></tr></table>