A $300,000 mortgage at 7.5% annual interest rate over 15 years requires a monthly payment of $2,781.04.
Over the life of the loan, you will pay a total of $500,586.67, of which $200,586.67 is interest — 40.1% 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.