A $300,000 mortgage at 5.5% annual interest rate over 30 years requires a monthly payment of $1,703.37.
Over the life of the loan, you will pay a total of $613,212.12, of which $313,212.12 is interest — 51.1% 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.