A $150,000 mortgage at 6.5% annual interest rate over 10 years requires a monthly payment of $1,703.22.
Over the life of the loan, you will pay a total of $204,386.36, of which $54,386.36 is interest — 26.6% 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.