A $50,000 mortgage at 3.5% annual interest rate over 10 years requires a monthly payment of $494.43.
Over the life of the loan, you will pay a total of $59,331.52, of which $9,331.52 is interest — 15.7% 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.