A $1,000,000 mortgage at 7.0% annual interest rate over 15 years requires a monthly payment of $8,988.28.
Over the life of the loan, you will pay a total of $1,617,890.89, of which $617,890.89 is interest — 38.2% 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.