A $250,000 mortgage at 4.0% annual interest rate over 15 years requires a monthly payment of $1,849.22.
Over the life of the loan, you will pay a total of $332,859.57, of which $82,859.57 is interest — 24.9% 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.