A $300,000 mortgage at 8.0% annual interest rate over 15 years requires a monthly payment of $2,866.96.
Over the life of the loan, you will pay a total of $516,052.13, of which $216,052.13 is interest — 41.9% 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.