Home Loan Calculator

$1,000,000 Mortgage
Calculator

15-year loan · 20% down · 6.9% APR

$1,000,000 mortgage (15yr at 6.9%) =
$7,145.97/month
With 20% down ($200,000) → $800,000 loan amount · $1,286,275 total paid · $486,275 interest
Home Price ($)
$
Down Payment (%)
%
Annual APR (%)
%
Loan Term (Years)
Monthly Payment
$7,145.97
$800,000 loan · 15yr · 6.9%
Loan Amount
$800,000
after down payment
Total Paid
$1,286,275
all payments
Total Interest
$486,275
cost of loan
Down Payment
$200,000
20% upfront
Annual Cost
$85,752
payments/year
Interest %
37.8%
of total paid

$1,000,000 Mortgage — Rate Comparison

Your monthly payment changes significantly with rate. Here's how a $800,000 loan ($1,000,000 with 20% down) compares across common rates for a 15-year term:

RateMonthly PaymentTotal InterestTotal Paid
5.5% $6,536.67 $376,600 $1,176,600
6% $6,750.85 $415,154 $1,215,154
6.5% $6,968.86 $454,395 $1,254,395
6.9% ★ $7,145.97 $486,275 $1,286,275
7% $7,190.63 $494,313 $1,294,313
7.5% $7,416.10 $534,898 $1,334,898
8% $7,645.22 $576,139 $1,376,139

15 vs 30 Year — $1,000,000 Mortgage

TermMonthly PaymentTotal InterestInterest Saved vs 30yr
15 years ★ $7,145.97 $486,275 $0 saved
20 years $6,154.46 $677,071 $0 saved
30 years $5,268.80 $1,096,768 —

True Cost of a $1,000,000 Home

Your mortgage payment is just part of total housing costs. Estimate the full picture:

Total housing cost estimate: $9,229–$10,479/month

Compare Other Mortgage Amounts
$700,000 · 15yr $800,000 · 15yr $900,000 · 15yr $1,100,000 · 15yr $1,200,000 · 15yr $1,300,000 · 15yr $1,000,000 · 30yr Full Mortgage Calculator
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