A $100,000 mortgage at 5.5% annual interest rate over 15 years requires a monthly payment of $817.08.
Over the life of the loan, you will pay a total of $147,075.02, of which $47,075.02 is interest — 32.0% 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.