A $400,000 mortgage at 6.0% annual interest rate over 15 years requires a monthly payment of $3,375.43.
Over the life of the loan, you will pay a total of $607,576.92, of which $207,576.92 is interest — 34.2% 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.