Comparison of Car loans

Selling Price $22,400.00

Down Payment $5,000.00
Principal $17,400.00 (amount borrowed)

Option#1 Option#2 Option#3

Term(in months) 60 48 36
Annual Interest Rate 7.61% 8.15% 9.25%
Monthly Payment ($349.57) ($426.01) ($555.34)
Total Payout ($20,974.23) ($20,448.53) ($19,992.32)
Interest Expense ($3,574.23) ($3,048.53) ($2,592.32)