A $250,000 mortgage at 6.5% annual interest rate over 10 years requires a monthly payment of $2,838.7.
Over the life of the loan, you will pay a total of $340,643.93, of which $90,643.93 is interest — 26.6% 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.