A $200,000 mortgage at 6.0% annual interest rate over 15 years requires a monthly payment of $1,687.71.
Over the life of the loan, you will pay a total of $303,788.46, of which $103,788.46 is interest — 34.2% 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.