A $500,000 mortgage at 5.0% annual interest rate over 30 years requires a monthly payment of $2,684.11.
Over the life of the loan, you will pay a total of $966,278.92, of which $466,278.92 is interest — 48.3% 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.