A $1,000,000 mortgage at 3.5% annual interest rate over 25 years requires a monthly payment of $5,006.24.
Over the life of the loan, you will pay a total of $1,501,870.71, of which $501,870.71 is interest — 33.4% 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.