A $150,000 mortgage at 7.5% annual interest rate over 20 years requires a monthly payment of $1,208.39.
Over the life of the loan, you will pay a total of $290,013.55, of which $140,013.55 is interest — 48.3% 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.