A $250,000 mortgage at 6.5% annual interest rate over 25 years requires a monthly payment of $1,688.02.
Over the life of the loan, you will pay a total of $506,405.37, of which $256,405.37 is interest — 50.6% 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.