A $300,000 mortgage at 4.5% annual interest rate over 15 years requires a monthly payment of $2,294.98.
Over the life of the loan, you will pay a total of $413,096.38, of which $113,096.38 is interest — 27.4% 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.