A $200,000 mortgage at 6.5% annual interest rate over 15 years requires a monthly payment of $1,742.21.
Over the life of the loan, you will pay a total of $313,598.65, of which $113,598.65 is interest — 36.2% 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.