A $250,000 mortgage at 4.5% annual interest rate over 20 years requires a monthly payment of $1,581.62.
Over the life of the loan, you will pay a total of $379,589.63, of which $129,589.63 is interest — 34.1% 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.