A $150,000 mortgage at 5.0% annual interest rate over 15 years requires a monthly payment of $1,186.19.
Over the life of the loan, you will pay a total of $213,514.28, of which $63,514.28 is interest — 29.7% 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.