A $200,000 mortgage at 7.5% annual interest rate over 30 years requires a monthly payment of $1,398.43.
Over the life of the loan, you will pay a total of $503,434.45, of which $303,434.45 is interest — 60.3% 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.