Find the total cost over the life of a mortgage with this
Total Cost Mortgage Calculator.

Note: This calculator only shows the total accrued loan cost for the
principal and interest. This does not include other additional costs
associated with insurance or taxes.

To calculate the total cost for the life of a mortgage loan use the
formula:

r = Monthly Interest Rate (in Decimal Form) =
(Yearly Interest Rate/100) / 12

P = Principal Amount on the Loan

N = Total # of Months for the loan ( Years on the loan x 12)

Example: The total cost for 30 year fixed rate loan, with a principal
of $250,000, and a yearly interest rate of 6.5%:

r = (6.5 / 100) / 12 = .005416667

P = 250,000

N = (30 x 12) = 60

The total cost for the life of the mortgage is $568,861.22.