A $150,000 mortgage at 8.0% annual interest rate over 15 years requires a monthly payment of $1,433.48.
Over the life of the loan, you will pay a total of $258,026.06, of which $108,026.06 is interest — 41.9% 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.