I recently went over the large packet of papers from my mortgage company Chase. I read that I'll be paying more than half a million dollars for the $250,000 I borrowed. So over the 30 years I'll pay Chase $504,000. I find this to be ridiculous, but I guess that's how it gonna be for now. I am very happy that we were able to lock in a low interest rate of 6.0%. Also the points we paid into the loan, paid off during tax time.