A $400,000 mortgage at 4.0% annual interest rate over 20 years requires a monthly payment of $2,423.92.
Over the life of the loan, you will pay a total of $581,741.12, of which $181,741.12 is interest — 31.2% 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.