A $200,000 mortgage at 4.0% annual interest rate over 15 years requires a monthly payment of $1,479.38.
Over the life of the loan, you will pay a total of $266,287.65, of which $66,287.65 is interest — 24.9% 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.