A $200,000 mortgage at 5.5% annual interest rate over 30 years requires a monthly payment of $1,135.58.
Over the life of the loan, you will pay a total of $408,808.08, of which $208,808.08 is interest — 51.1% 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.