A $500,000 mortgage at 6.0% annual interest rate over 15 years requires a monthly payment of $4,219.28.
Over the life of the loan, you will pay a total of $759,471.15, of which $259,471.15 is interest — 34.2% 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.