A $150,000 mortgage at 8.0% annual interest rate over 30 years requires a monthly payment of $1,100.65.
Over the life of the loan, you will pay a total of $396,232.87, of which $246,232.87 is interest — 62.1% 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.