A $250,000 mortgage at 3.5% annual interest rate over 15 years requires a monthly payment of $1,787.21.
Over the life of the loan, you will pay a total of $321,697.14, of which $71,697.14 is interest — 22.3% 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.