A $250,000 mortgage at 4.5% annual interest rate over 15 years requires a monthly payment of $1,912.48.
Over the life of the loan, you will pay a total of $344,246.98, of which $94,246.98 is interest — 27.4% 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.