A $950,000 fixed-rate mortgage at 5% APR paid over 20 years costs $6,269.58 per month. Over the life of the loan you would pay $554,699 in interest — 58% of the amount borrowed.
The 5% rate on this page is 1.43 points below this week's national average of 6.43% for a 30-year fixed mortgage (Freddie Mac PMMS, July 2, 2026).
| Period | Principal paid | Interest paid | Balance |
|---|
| Scenario | Monthly | Total interest |
|---|---|---|
| $950,000 at 4% (20yr) | $5,756.81 | $431,635 |
| $950,000 at 4.25% (20yr) | $5,882.73 | $461,855 |
| $950,000 at 4.5% (20yr) | $6,010.17 | $492,441 |
| $950,000 at 4.75% (20yr) | $6,139.12 | $523,390 |
| $950,000 at 5% (20yr) ← this page | $6,269.58 | $554,699 |
| $950,000 at 5.25% (20yr) | $6,401.52 | $586,365 |
| $950,000 at 5.5% (20yr) | $6,534.93 | $618,383 |
| $950,000 at 5.75% (20yr) | $6,669.79 | $650,750 |
| $950,000 at 6% (20yr) | $6,806.10 | $683,463 |
| $950,000 at 6.25% (20yr) | $6,943.82 | $716,516 |
| $950,000 at 6.5% (20yr) | $7,082.94 | $749,907 |
| $950,000 at 6.75% (20yr) | $7,223.46 | $783,630 |
| $950,000 at 7% (20yr) | $7,365.34 | $817,682 |
| $950,000 at 7.25% (20yr) | $7,508.57 | $852,057 |
| $950,000 at 7.5% (20yr) | $7,653.14 | $886,752 |
| $950,000 at 7.75% (20yr) | $7,799.01 | $921,763 |
| $950,000 at 8% (20yr) | $7,946.18 | $957,083 |
| $950,000 at 8.5% (20yr) | $8,244.32 | $1,028,637 |
| $950,000 at 9% (20yr) | $8,547.40 | $1,101,375 |