A $600,000 mortgage at 7.5% annual interest rate over 15 years requires a monthly payment of $5,562.07.
Over the life of the loan, you will pay a total of $1,001,173.35, of which $401,173.35 is interest — 40.1% 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.