A $1,000,000 mortgage at 3.5% annual interest rate over 10 years requires a monthly payment of $9,888.59.
Over the life of the loan, you will pay a total of $1,186,630.41, of which $186,630.41 is interest — 15.7% 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.