A $1,000,000 mortgage at 6.0% annual interest rate over 15 years requires a monthly payment of $8,438.57.
Over the life of the loan, you will pay a total of $1,518,942.29, of which $518,942.29 is interest — 34.2% 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.