A $300,000 mortgage at 4.0% annual interest rate over 15 years requires a monthly payment of $2,219.06.
Over the life of the loan, you will pay a total of $399,431.48, of which $99,431.48 is interest — 24.9% 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.