A $250,000 mortgage at 6.5% annual interest rate over 15 years requires a monthly payment of $2,177.77.
Over the life of the loan, you will pay a total of $391,998.31, of which $141,998.31 is interest — 36.2% 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.