A $250,000 mortgage at 3.5% annual interest rate over 20 years requires a monthly payment of $1,449.9.
Over the life of the loan, you will pay a total of $347,975.83, of which $97,975.83 is interest — 28.2% 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.