A $150,000 mortgage at 4.5% annual interest rate over 15 years requires a monthly payment of $1,147.49.
Over the life of the loan, you will pay a total of $206,548.19, of which $56,548.19 is interest — 27.4% 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.