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$1,000,000 mortgage at 8% for 15 years

$9,556.52/mo

Principal & interest · total interest $720,174 · total paid $1,720,174

Amortization schedule

Year	Principal	Interest	Total interest	Balance
1	$35,978	$78,700	$78,700	$964,022
2	$38,965	$75,714	$154,413	$925,057
3	$42,199	$72,480	$226,893	$882,858
4	$45,701	$68,977	$295,870	$837,157
5	$49,494	$65,184	$361,054	$787,663
6	$53,602	$61,076	$422,130	$734,060
7	$58,051	$56,627	$478,757	$676,009
8	$62,870	$51,809	$530,565	$613,139
9	$68,088	$46,591	$577,156	$545,052
10	$73,739	$40,939	$618,095	$471,313
11	$79,859	$34,819	$652,914	$391,453
12	$86,488	$28,191	$681,105	$304,966
13	$93,666	$21,012	$702,117	$211,300
14	$101,440	$13,238	$715,355	$109,860
15	$109,860	$4,819	$720,174	$0

What is the payment on a $1,000,000 mortgage at 8% for 15 years?

$9,556.52 per month (principal and interest). Total interest over 15 years: $720,174.