A $250,000 mortgage at 6.5% annual interest rate over 20 years requires a monthly payment of $1,863.93.
Over the life of the loan, you will pay a total of $447,343.88, of which $197,343.88 is interest — 44.1% 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.