A $1,000,000 mortgage at 8.0% annual interest rate over 25 years requires a monthly payment of $7,718.16.
Over the life of the loan, you will pay a total of $2,315,448.66, of which $1,315,448.66 is interest — 56.8% 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.