A $300,000 mortgage at 7.0% annual interest rate over 30 years requires a monthly payment of $1,995.91.
Over the life of the loan, you will pay a total of $718,526.69, of which $418,526.69 is interest — 58.2% 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.