How Much is a Monthly Payment on a $1,000,000 Mortgage?
A 30-year, $1,000,000 mortgage with a 6% interest rate costs about $5,996 per month — and you could end up paying more than $700,000 in interest over the life of the loan.
Written by
Freelance writer
Amy Fontinelle is a personal finance journalist and expert on retirement, mortgages, and insurance. Her work has been featured by Forbes, The Motley Fool, Reader's Digest, and USA Today.
Written by
Senior editor
Reina Marszalek has over 10 years of experience in personal finance and is a senior mortgage editor at Credible.
Updated February 7, 2025
Editorial disclosure: Our goal is to give you the tools and confidence you need to improve your finances. Although we receive compensation from our partner lenders, whom we will always identify, all opinions are our own. Credible Operations, Inc. NMLS # 1681276, is referred to here as “Credible.”
