A $300,000 mortgage at 7.0% annual interest rate over 15 years requires a monthly payment of $2,696.48.
Over the life of the loan, you will pay a total of $485,367.27, of which $185,367.27 is interest — 38.2% 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.