A $1,000,000 mortgage at 3.0% annual interest rate over 25 years requires a monthly payment of $4,742.11.
Over the life of the loan, you will pay a total of $1,422,633.94, of which $422,633.94 is interest — 29.7% 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.