A $1,000,000 mortgage at 7.5% annual interest rate over 25 years requires a monthly payment of $7,389.91.
Over the life of the loan, you will pay a total of $2,216,973.53, of which $1,216,973.53 is interest — 54.9% 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.