A $1,000,000 mortgage at 7.5% annual interest rate over 10 years requires a monthly payment of $11,870.18.
Over the life of the loan, you will pay a total of $1,424,421.23, of which $424,421.23 is interest — 29.8% 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.