After analyzing both loans, I have made the decision to go with loan B, which is the Bank of America loan. My first reason for choosing this loan is that despite the monthly payment being a bit high, I will be able to pay off this loan sooner than the USAA loan. Secondly, while the payments are a bit high, I still live at home with my family so not all of my income goes to paying bills on my own. So, the high monthly payment wouldn’t be too big of a financial strain on me. My third reason is that overall the total interest paid on this loan will be much lower than the total interest paid on the USAA loan. Additionally, due to the fact that I do not independently support myself, it is possible that there will be months where I can pay more than
