A $100,000 mortgage at 5.0% annual interest rate over 10 years requires a monthly payment of $1,060.66.
Over the life of the loan, you will pay a total of $127,278.62, of which $27,278.62 is interest — 21.4% of your total payments.
Use the calculator above to adjust the loan amount, term, or interest rate to find the mortgage that fits your budget.