A $500,000 mortgage at 6.0% annual interest rate over 30 years requires a monthly payment of $2,997.75.
Over the life of the loan, you will pay a total of $1,079,190.95, of which $579,190.95 is interest — 53.7% 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.