A $1,000,000 mortgage at 6.5% annual interest rate over 25 years requires a monthly payment of $6,752.07.
Over the life of the loan, you will pay a total of $2,025,621.48, of which $1,025,621.48 is interest — 50.6% 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.