Interest for a floating rate deal with 1.25% teaser rate, 1.5% annual cap, 7.5% lifetime cap 2.5% spread with index of 2%, 2.755%,3.5%,4.5%, 5.75% for years 1,2,3,4,5, respectively. Calculate the total interest paid on an interest only loan of $1,000,000 over the five years.