A $400,000 mortgage at 7.5% annual interest rate over 30 years requires a monthly payment of $2,796.86.
Over the life of the loan, you will pay a total of $1,006,868.89, of which $606,868.89 is interest — 60.3% 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.