A $200,000 mortgage at 7.5% annual interest rate over 10 years requires a monthly payment of $2,374.04.
Over the life of the loan, you will pay a total of $284,884.25, of which $84,884.25 is interest — 29.8% 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.