A $400,000 mortgage at 3.5% annual interest rate over 15 years requires a monthly payment of $2,859.53.
Over the life of the loan, you will pay a total of $514,715.43, of which $114,715.43 is interest — 22.3% 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.