A $200,000 mortgage at 3.0% annual interest rate over 15 years requires a monthly payment of $1,381.16.
Over the life of the loan, you will pay a total of $248,609.39, of which $48,609.39 is interest — 19.6% 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.