A $200,000 mortgage at 4.5% annual interest rate over 15 years requires a monthly payment of $1,529.99.
Over the life of the loan, you will pay a total of $275,397.58, of which $75,397.58 is interest — 27.4% 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.