Mortgage › $1,000,000 mortgage
$1,000,000 mortgage payment (2026)
A $1,000,000 30-year fixed mortgage at today's average rate of 6.76% costs $6,493 a month in principal and interest — $1,337,347 of interest over the life of the loan. A 15-year loan at 6.09% is $8,487 a month and $527,708 in interest. Add taxes, insurance and PMI below to see the full payment.
Default rate: 6.76% on a 30-year fixed and 6.09% on a 15-year — the Freddie Mac PMMS national average as of 2026-09-10 (source). Updated automatically every Thursday. Your quote depends on credit score, points and lender.
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Result
| Year | Principal | Interest | Balance |
|---|
$1,000,000 mortgage by interest rate
| Rate | Monthly P&I | Total interest | 15-year P&I |
|---|---|---|---|
| 5% | $5,368 | $932,558 | $7,908 |
| 5.5% | $5,678 | $1,044,040 | $8,171 |
| 5.75% | $5,836 | $1,100,862 | $8,304 |
| 6% | $5,996 | $1,158,382 | $8,439 |
| 6.25% | $6,157 | $1,216,582 | $8,574 |
| 6.5% | $6,321 | $1,275,445 | $8,711 |
| 6.75% | $6,486 | $1,334,953 | $8,849 |
| 7% | $6,653 | $1,395,089 | $8,988 |
| 7.25% | $6,822 | $1,455,835 | $9,129 |
| 7.5% | $6,992 | $1,517,172 | $9,270 |
| 8% | $7,338 | $1,641,552 | $9,557 |
Other loan amounts
Frequently asked
What income do I need for a $1,000,000 mortgage?
Lenders usually cap housing costs at 28% of gross income. With taxes and insurance the payment is about $7,788 a month, which needs roughly $333,791 a year before other debts. Check the affordability calculator.
How much is $1,000,000 at 7%?
$6,653 a month on a 30-year term, $8,988 on 15 years.