A $500,000 mortgage at 6.5% annual interest rate over 15 years requires a monthly payment of $4,355.54.
Over the life of the loan, you will pay a total of $783,996.63, of which $283,996.63 is interest — 36.2% 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.