A $50,000 mortgage at 6.0% annual interest rate over 20 years requires a monthly payment of $358.22.
Over the life of the loan, you will pay a total of $85,971.73, of which $35,971.73 is interest — 41.8% 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.