Confused on the 750,000 mortgage interest deduction on home loan

[Ian Russell]

Hi I have looked online but still would love some clarity on the 750,000 mortgage interest deduction.  Trying to find out how much this will save me in taxes for the year and monthly payments.  I'm buying a house that I will live in and am getting a loan for 1.1 million dollars the interest rate is 6.1%. .  I know that I can deduct the interest on the 750,000 portion of that loan I believe?  Just trying to figure how much this will help me at tax time.  I went on the interest mortgage calculators and it looked like around 25,000 for the year so a little over 2,000 per month I think?  I have also seen where it will only save me a couple hundred dollars a month.  Just trying to figure it out any help is appreciated. 

thanks

Ian