A $500,000 mortgage at 3.5% annual interest rate over 25 years requires a monthly payment of $2,503.12.
Over the life of the loan, you will pay a total of $750,935.36, of which $250,935.36 is interest — 33.4% 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.