A $600,000 mortgage at 5.5% annual interest rate over 30 years requires a monthly payment of $3,406.73.
Over the life of the loan, you will pay a total of $1,226,424.24, of which $626,424.24 is interest — 51.1% 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.