A $300,000 mortgage at 6.5% annual interest rate over 20 years requires a monthly payment of $2,236.72.
Over the life of the loan, you will pay a total of $536,812.66, of which $236,812.66 is interest — 44.1% 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.