"They gave me the lowest amount of money possible, that was their offer," Hill revealed Tuesday.
"I said, 'I will sign the paper tonight. Fax me the papers tonight.' I want to sign them tonight before they change their mind. I said I want to sign them before I go to sleep tonight so they legally can't change their mind."
Asked about the exact figure he received for his Academy Award-nominated performance, the Superbad star explained "It was the minimum."
"I think SAG minimum is something like $60,000 before commissions and taxes," he added.
"So you got paid $60,000 for that movie?" Stern clarified.
"Yeah, for an almost seven-month shoot," Hill said. "I would sell my house and give him all my money to work for [Scorsese] . . . I would have done anything in the world. I would do it again in a second."
Hill, who previously earned an Oscar nomination for his role opposite Brad Pitt in Moneyball, said he doesn't base his film choices on money.
"It's not about money for me. None of this [expletive] is about money," he said. "I want to make money to pay my rent, and hopefully have a family one day and have kids and stuff."
"I got to [expletive] be in a Martin Scorsese movie and I just got nominated for an Oscar," he added later. "I'm tripping out, Howard . . . I'm in shock. I'm totally in shock."
You can check out the entire interview below.