A $600,000 mortgage at 6.5% annual interest rate over 20 years requires a monthly payment of $4,473.44.
Over the life of the loan, you will pay a total of $1,073,625.32, of which $473,625.32 is interest — 44.1% 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.