A $1,000,000 mortgage at 3.0% annual interest rate over 15 years requires a monthly payment of $6,905.82.
Over the life of the loan, you will pay a total of $1,243,046.95, of which $243,046.95 is interest — 19.6% 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.