A $1,000,000 mortgage at 3.5% annual interest rate over 15 years requires a monthly payment of $7,148.83.
Over the life of the loan, you will pay a total of $1,286,788.57, of which $286,788.57 is interest — 22.3% 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.