A $500,000 mortgage at 6.5% annual interest rate over 20 years requires a monthly payment of $3,727.87.
Over the life of the loan, you will pay a total of $894,687.76, of which $394,687.76 is interest — 44.1% 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.