A $1,000,000 mortgage at 6.0% annual interest rate over 25 years requires a monthly payment of $6,443.01.
Over the life of the loan, you will pay a total of $1,932,904.2, of which $932,904.2 is interest — 48.3% 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.