A $500,000 mortgage at 3.5% annual interest rate over 10 years requires a monthly payment of $4,944.29.
Over the life of the loan, you will pay a total of $593,315.2, of which $93,315.2 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.