A $50,000 mortgage at 6.0% annual interest rate over 30 years requires a monthly payment of $299.78.
Over the life of the loan, you will pay a total of $107,919.09, of which $57,919.09 is interest — 53.7% 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.