A $250,000 mortgage at 7.0% annual interest rate over 10 years requires a monthly payment of $2,902.71.
Over the life of the loan, you will pay a total of $348,325.44, of which $98,325.44 is interest — 28.2% 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.