What is the monthly payment on a $900,000 mortgage at 6% for 15 years?
Answer
$7,595/month
Principal & interest onlyTotal interest over 15 years: $467,048Total cost: $1,367,048
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How We Calculated This
M = P × [r(1+r)^n] / [(1+r)^n - 1]
P=$900,000, r=6%/12=0.5000n=180. M = $7,595
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Calculated using verified formulas. Last updated March 2026.