A $1,000,000 mortgage at 7.0% annual interest rate over 25 years requires a monthly payment of $7,067.79.
Over the life of the loan, you will pay a total of $2,120,337.59, of which $1,120,337.59 is interest — 52.8% 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.