A $500,000 mortgage at 7.0% annual interest rate over 20 years requires a monthly payment of $3,876.49.
Over the life of the loan, you will pay a total of $930,358.72, of which $430,358.72 is interest — 46.3% 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.