A $50,000 mortgage at 3.5% annual interest rate over 15 years requires a monthly payment of $357.44.
Over the life of the loan, you will pay a total of $64,339.43, of which $14,339.43 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.