A $500,000 mortgage at 7.5% annual interest rate over 25 years requires a monthly payment of $3,694.96.
Over the life of the loan, you will pay a total of $1,108,486.77, of which $608,486.77 is interest — 54.9% 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.