A $1,000,000 mortgage at 8.0% annual interest rate over 15 years requires a monthly payment of $9,556.52.
Over the life of the loan, you will pay a total of $1,720,173.75, of which $720,173.75 is interest — 41.9% 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.