A $1,000,000 mortgage at 6.5% annual interest rate over 20 years requires a monthly payment of $7,455.73.
Over the life of the loan, you will pay a total of $1,789,375.53, of which $789,375.53 is interest — 44.1% 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.