A $200,000 mortgage at 8.0% annual interest rate over 20 years requires a monthly payment of $1,672.88.
Over the life of the loan, you will pay a total of $401,491.23, of which $201,491.23 is interest — 50.2% 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.