A $250,000 mortgage at 7.0% annual interest rate over 15 years requires a monthly payment of $2,247.07.
Over the life of the loan, you will pay a total of $404,472.72, of which $154,472.72 is interest — 38.2% 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.