A $250,000 mortgage at 7.0% annual interest rate over 20 years requires a monthly payment of $1,938.25.
Over the life of the loan, you will pay a total of $465,179.36, of which $215,179.36 is interest — 46.3% 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.