financing/loan

I searched and found three loans for my business.

i picked my second loan as my choice. my loan payment per month is 6919.52 and this loan will be paid of in 8 years

the reason I went with my second loan is because my first loan was way to much to pay per month.

and my third loan would take to long to pay of. its nine years.

loan 2 info

loan amount - 507,520.22

interest rate is 7%

total interest repaid - $156,744.14

monthly payment - $6919.52

loan period - 8 years