A $500,000 mortgage at 6.0% annual interest rate over 20 years requires a monthly payment of $3,582.16.
Over the life of the loan, you will pay a total of $859,717.27, of which $359,717.27 is interest — 41.8% 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.