A $300,000 mortgage at 8.0% annual interest rate over 25 years requires a monthly payment of $2,315.45.
Over the life of the loan, you will pay a total of $694,634.6, of which $394,634.6 is interest — 56.8% 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.