A $1,000,000 mortgage at 4.5% annual interest rate over 20 years requires a monthly payment of $6,326.49.
Over the life of the loan, you will pay a total of $1,518,358.5, of which $518,358.5 is interest — 34.1% 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.