A $1,000,000 mortgage at 5.5% annual interest rate over 30 years requires a monthly payment of $5,677.89.
Over the life of the loan, you will pay a total of $2,044,040.4, of which $1,044,040.4 is interest — 51.1% 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.