A $1,000,000 mortgage at 6.5% annual interest rate over 30 years requires a monthly payment of $6,320.68.
Over the life of the loan, you will pay a total of $2,275,444.88, of which $1,275,444.88 is interest — 56.1% 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.