A $300,000 mortgage at 7.0% annual interest rate over 10 years requires a monthly payment of $3,483.25.
Over the life of the loan, you will pay a total of $417,990.53, of which $117,990.53 is interest — 28.2% 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.