A $250,000 mortgage at 6.5% annual interest rate over 30 years requires a monthly payment of $1,580.17.
Over the life of the loan, you will pay a total of $568,861.22, of which $318,861.22 is interest — 56.1% 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.