A $500,000 mortgage at 3.5% annual interest rate over 15 years requires a monthly payment of $3,574.41.
Over the life of the loan, you will pay a total of $643,394.29, of which $143,394.29 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.