What is the monthly payment on a $250,000 mortgage?

At the current 30-year fixed average of 7.40 percent, a $250,000 mortgage costs about $1,731 a month in principal and interest. Over a 15-year term at 6.71 percent the payment rises to roughly $2,207. Property taxes, homeowner insurance and any PMI or HOA dues are added on top of these figures.

How much interest will I pay on a $250,000 mortgage?

A 30-year $250,000 mortgage at 7.40 percent costs about $373,142 in total interest — more than the amount borrowed. Choosing a 15-year term at 6.71 percent cuts that to roughly $147,212, a saving of about $225,930, in exchange for a higher monthly payment.

What income do I need for a $250,000 mortgage?

Lenders commonly want your total housing payment to stay under 28 percent of gross monthly income. On that rule the $1,731 payment for a $250,000 mortgage implies an income of roughly $74,184 a year before tax — and more once you add property taxes and insurance, which the 28 percent test also counts.

What house price does a $250,000 mortgage buy?

It depends on your down payment. Borrowing $250,000 with 20 percent down corresponds to a purchase price of about $312,500, while 10 percent down puts the price near $277,778. A down payment below 20 percent on a conventional loan also adds PMI until you reach 20 percent equity.

How much does the interest rate change a $250,000 payment?

A great deal. On a 30-year term each quarter-point of rate moves the payment on a $250,000 mortgage by roughly $43 a month. The table on this page prices the loan from 5.00 percent to 8.00 percent so you can see the full range before you lock a rate.

$250,000 Mortgage Payment — Monthly Cost

$1,731

Monthly payment

$623,142

Total of 360 payments

Oct, 2056

Loan payoff date

Loan balance over time

Balance Principal paid $250,000 Interest paid $373,142

20262056

$250,000 mortgage payment by rate and term

Monthly principal and interest. The highlighted row is this week’s Freddie Mac average for a 30-year fixed loan.

Interest rate	30-year	15-year
5.00%	$1,342	$1,977
5.25%	$1,381	$2,010
5.50%	$1,419	$2,043
5.75%	$1,459	$2,076
6.00%	$1,499	$2,110
6.25%	$1,539	$2,144
6.50%	$1,580	$2,178
6.75%	$1,621	$2,212
7.00%	$1,663	$2,247
7.25%	$1,705	$2,282
7.50%	$1,748	$2,318
7.75%	$1,791	$2,353
8.00%	$1,834	$2,389

What a $250,000 mortgage really costs

Total interest, 30 years at 7.40%: $373,142
Total interest, 15 years at 6.71%: $147,212
Income implied by the 28% rule: $74,184
Purchase price with 20% down: $312,500

Switching from a 30-year to a 15-year term on $250,000 saves about $225,930 in interest, at the cost of a higher monthly payment ($2,207 instead of $1,731). With 10% down this loan corresponds to a home priced near $277,778, and a conventional loan under 20% down adds PMI until you reach 20% equity.

These figures are principal and interest only. Property taxes, homeowner insurance, PMI and any HOA dues sit on top and vary by location — add yours in the full mortgage calculator, or check current rates in your state.

Amortization schedule

Date	Principal	Interest	Balance
Nov, 2026	$189	$1,542	$249,811
Dec, 2026	$190	$1,540	$249,620
2026	$380	$3,082	$249,620
Jan, 2027	$192	$1,539	$249,429
Feb, 2027	$193	$1,538	$249,236
Mar, 2027	$194	$1,537	$249,042
Apr, 2027	$195	$1,536	$248,847
May, 2027	$196	$1,535	$248,650
Jun, 2027	$198	$1,533	$248,453
Jul, 2027	$199	$1,532	$248,254
Aug, 2027	$200	$1,531	$248,054
Sep, 2027	$201	$1,530	$247,852
Oct, 2027	$203	$1,528	$247,650
Nov, 2027	$204	$1,527	$247,446
Dec, 2027	$205	$1,526	$247,241
2027	$2,379	$18,392	$247,241
Jan, 2028	$206	$1,525	$247,035
Feb, 2028	$208	$1,523	$246,827
Mar, 2028	$209	$1,522	$246,618
Apr, 2028	$210	$1,521	$246,408
May, 2028	$211	$1,520	$246,197
Jun, 2028	$213	$1,518	$245,984
Jul, 2028	$214	$1,517	$245,770
Aug, 2028	$215	$1,516	$245,555
Sep, 2028	$217	$1,514	$245,338
Oct, 2028	$218	$1,513	$245,120
Nov, 2028	$219	$1,512	$244,901
Dec, 2028	$221	$1,510	$244,680
2028	$2,561	$18,210	$244,680
Jan, 2029	$222	$1,509	$244,458
Feb, 2029	$223	$1,507	$244,234
Mar, 2029	$225	$1,506	$244,010
Apr, 2029	$226	$1,505	$243,783
May, 2029	$228	$1,503	$243,556
Jun, 2029	$229	$1,502	$243,327
Jul, 2029	$230	$1,501	$243,096
Aug, 2029	$232	$1,499	$242,864
Sep, 2029	$233	$1,498	$242,631
Oct, 2029	$235	$1,496	$242,396
Nov, 2029	$236	$1,495	$242,160
Dec, 2029	$238	$1,493	$241,923
2029	$2,757	$18,014	$241,923
Jan, 2030	$239	$1,492	$241,683
Feb, 2030	$241	$1,490	$241,443
Mar, 2030	$242	$1,489	$241,201
Apr, 2030	$244	$1,487	$240,957
May, 2030	$245	$1,486	$240,712
Jun, 2030	$247	$1,484	$240,466
Jul, 2030	$248	$1,483	$240,218
Aug, 2030	$250	$1,481	$239,968
Sep, 2030	$251	$1,480	$239,717
Oct, 2030	$253	$1,478	$239,464
Nov, 2030	$254	$1,477	$239,210
Dec, 2030	$256	$1,475	$238,954
2030	$2,968	$17,803	$238,954
Jan, 2031	$257	$1,474	$238,697
Feb, 2031	$259	$1,472	$238,438
Mar, 2031	$261	$1,470	$238,177
Apr, 2031	$262	$1,469	$237,915
May, 2031	$264	$1,467	$237,651
Jun, 2031	$265	$1,466	$237,386
Jul, 2031	$267	$1,464	$237,119
Aug, 2031	$269	$1,462	$236,850
Sep, 2031	$270	$1,461	$236,580
Oct, 2031	$272	$1,459	$236,307
Nov, 2031	$274	$1,457	$236,034
Dec, 2031	$275	$1,456	$235,758
2031	$3,196	$17,576	$235,758
Jan, 2032	$277	$1,454	$235,481
Feb, 2032	$279	$1,452	$235,202
Mar, 2032	$281	$1,450	$234,922
Apr, 2032	$282	$1,449	$234,640
May, 2032	$284	$1,447	$234,356
Jun, 2032	$286	$1,445	$234,070
Jul, 2032	$288	$1,443	$233,782
Aug, 2032	$289	$1,442	$233,493
Sep, 2032	$291	$1,440	$233,202
Oct, 2032	$293	$1,438	$232,909
Nov, 2032	$295	$1,436	$232,614
Dec, 2032	$296	$1,434	$232,318
2032	$3,440	$17,331	$232,318
Jan, 2033	$298	$1,433	$232,020
Feb, 2033	$300	$1,431	$231,719
Mar, 2033	$302	$1,429	$231,417
Apr, 2033	$304	$1,427	$231,114
May, 2033	$306	$1,425	$230,808
Jun, 2033	$308	$1,423	$230,500
Jul, 2033	$310	$1,421	$230,191
Aug, 2033	$311	$1,420	$229,879
Sep, 2033	$313	$1,418	$229,566
Oct, 2033	$315	$1,416	$229,251
Nov, 2033	$317	$1,414	$228,933
Dec, 2033	$319	$1,412	$228,614
2033	$3,704	$17,068	$228,614
Jan, 2034	$321	$1,410	$228,293
Feb, 2034	$323	$1,408	$227,970
Mar, 2034	$325	$1,406	$227,645
Apr, 2034	$327	$1,404	$227,318
May, 2034	$329	$1,402	$226,988
Jun, 2034	$331	$1,400	$226,657
Jul, 2034	$333	$1,398	$226,324
Aug, 2034	$335	$1,396	$225,989
Sep, 2034	$337	$1,394	$225,651
Oct, 2034	$339	$1,392	$225,312
Nov, 2034	$342	$1,389	$224,970
Dec, 2034	$344	$1,387	$224,627
2034	$3,987	$16,784	$224,627
Jan, 2035	$346	$1,385	$224,281
Feb, 2035	$348	$1,383	$223,933
Mar, 2035	$350	$1,381	$223,583
Apr, 2035	$352	$1,379	$223,231
May, 2035	$354	$1,377	$222,877
Jun, 2035	$357	$1,374	$222,520
Jul, 2035	$359	$1,372	$222,161
Aug, 2035	$361	$1,370	$221,800
Sep, 2035	$363	$1,368	$221,437
Oct, 2035	$365	$1,366	$221,072
Nov, 2035	$368	$1,363	$220,704
Dec, 2035	$370	$1,361	$220,334
2035	$4,293	$16,479	$220,334
Jan, 2036	$372	$1,359	$219,962
Feb, 2036	$375	$1,356	$219,587
Mar, 2036	$377	$1,354	$219,210
Apr, 2036	$379	$1,352	$218,831
May, 2036	$381	$1,349	$218,450
Jun, 2036	$384	$1,347	$218,066
Jul, 2036	$386	$1,345	$217,680
Aug, 2036	$389	$1,342	$217,291
Sep, 2036	$391	$1,340	$216,900
Oct, 2036	$393	$1,338	$216,507
Nov, 2036	$396	$1,335	$216,111
Dec, 2036	$398	$1,333	$215,713
2036	$4,621	$16,150	$215,713
Jan, 2037	$401	$1,330	$215,312
Feb, 2037	$403	$1,328	$214,909
Mar, 2037	$406	$1,325	$214,503
Apr, 2037	$408	$1,323	$214,095
May, 2037	$411	$1,320	$213,684
Jun, 2037	$413	$1,318	$213,271
Jul, 2037	$416	$1,315	$212,855
Aug, 2037	$418	$1,313	$212,437
Sep, 2037	$421	$1,310	$212,016
Oct, 2037	$424	$1,307	$211,592
Nov, 2037	$426	$1,305	$211,166
Dec, 2037	$429	$1,302	$210,738
2037	$4,975	$15,796	$210,738
Jan, 2038	$431	$1,300	$210,306
Feb, 2038	$434	$1,297	$209,872
Mar, 2038	$437	$1,294	$209,435
Apr, 2038	$439	$1,292	$208,996
May, 2038	$442	$1,289	$208,554
Jun, 2038	$445	$1,286	$208,109
Jul, 2038	$448	$1,283	$207,661
Aug, 2038	$450	$1,281	$207,211
Sep, 2038	$453	$1,278	$206,758
Oct, 2038	$456	$1,275	$206,302
Nov, 2038	$459	$1,272	$205,843
Dec, 2038	$462	$1,269	$205,382
2038	$5,356	$15,415	$205,382
Jan, 2039	$464	$1,267	$204,917
Feb, 2039	$467	$1,264	$204,450
Mar, 2039	$470	$1,261	$203,980
Apr, 2039	$473	$1,258	$203,507
May, 2039	$476	$1,255	$203,031
Jun, 2039	$479	$1,252	$202,552
Jul, 2039	$482	$1,249	$202,070
Aug, 2039	$485	$1,246	$201,585
Sep, 2039	$488	$1,243	$201,097
Oct, 2039	$491	$1,240	$200,606
Nov, 2039	$494	$1,237	$200,112
Dec, 2039	$497	$1,234	$199,615
2039	$5,766	$15,005	$199,615
Jan, 2040	$500	$1,231	$199,115
Feb, 2040	$503	$1,228	$198,612
Mar, 2040	$506	$1,225	$198,106
Apr, 2040	$509	$1,222	$197,597
May, 2040	$512	$1,219	$197,084
Jun, 2040	$516	$1,215	$196,569
Jul, 2040	$519	$1,212	$196,050
Aug, 2040	$522	$1,209	$195,528
Sep, 2040	$525	$1,206	$195,003
Oct, 2040	$528	$1,203	$194,474
Nov, 2040	$532	$1,199	$193,943
Dec, 2040	$535	$1,196	$193,408
2040	$6,208	$14,564	$193,408
Jan, 2041	$538	$1,193	$192,870
Feb, 2041	$542	$1,189	$192,328
Mar, 2041	$545	$1,186	$191,783
Apr, 2041	$548	$1,183	$191,235
May, 2041	$552	$1,179	$190,683
Jun, 2041	$555	$1,176	$190,128
Jul, 2041	$558	$1,172	$189,570
Aug, 2041	$562	$1,169	$189,008
Sep, 2041	$565	$1,166	$188,442
Oct, 2041	$569	$1,162	$187,873
Nov, 2041	$572	$1,159	$187,301
Dec, 2041	$576	$1,155	$186,725
2041	$6,683	$14,089	$186,725
Jan, 2042	$579	$1,151	$186,145
Feb, 2042	$583	$1,148	$185,562
Mar, 2042	$587	$1,144	$184,976
Apr, 2042	$590	$1,141	$184,386
May, 2042	$594	$1,137	$183,792
Jun, 2042	$598	$1,133	$183,194
Jul, 2042	$601	$1,130	$182,593
Aug, 2042	$605	$1,126	$181,988
Sep, 2042	$609	$1,122	$181,379
Oct, 2042	$612	$1,119	$180,767
Nov, 2042	$616	$1,115	$180,150
Dec, 2042	$620	$1,111	$179,530
2042	$7,195	$13,577	$179,530
Jan, 2043	$624	$1,107	$178,907
Feb, 2043	$628	$1,103	$178,279
Mar, 2043	$632	$1,099	$177,647
Apr, 2043	$635	$1,095	$177,012
May, 2043	$639	$1,092	$176,373
Jun, 2043	$643	$1,088	$175,729
Jul, 2043	$647	$1,084	$175,082
Aug, 2043	$651	$1,080	$174,431
Sep, 2043	$655	$1,076	$173,775
Oct, 2043	$659	$1,072	$173,116
Nov, 2043	$663	$1,068	$172,453
Dec, 2043	$667	$1,063	$171,785
2043	$7,745	$13,026	$171,785
Jan, 2044	$672	$1,059	$171,113
Feb, 2044	$676	$1,055	$170,438
Mar, 2044	$680	$1,051	$169,758
Apr, 2044	$684	$1,047	$169,074
May, 2044	$688	$1,043	$168,385
Jun, 2044	$693	$1,038	$167,693
Jul, 2044	$697	$1,034	$166,996
Aug, 2044	$701	$1,030	$166,295
Sep, 2044	$705	$1,025	$165,589
Oct, 2044	$710	$1,021	$164,880
Nov, 2044	$714	$1,017	$164,165
Dec, 2044	$719	$1,012	$163,447
2044	$8,338	$12,433	$163,447
Jan, 2045	$723	$1,008	$162,724
Feb, 2045	$727	$1,003	$161,996
Mar, 2045	$732	$999	$161,264
Apr, 2045	$736	$994	$160,528
May, 2045	$741	$990	$159,787
Jun, 2045	$746	$985	$159,041
Jul, 2045	$750	$981	$158,291
Aug, 2045	$755	$976	$157,536
Sep, 2045	$759	$971	$156,777
Oct, 2045	$764	$967	$156,013
Nov, 2045	$769	$962	$155,244
Dec, 2045	$774	$957	$154,470
2045	$8,977	$11,795	$154,470
Jan, 2046	$778	$953	$153,692
Feb, 2046	$783	$948	$152,908
Mar, 2046	$788	$943	$152,120
Apr, 2046	$793	$938	$151,328
May, 2046	$798	$933	$150,530
Jun, 2046	$803	$928	$149,727
Jul, 2046	$808	$923	$148,919
Aug, 2046	$813	$918	$148,107
Sep, 2046	$818	$913	$147,289
Oct, 2046	$823	$908	$146,467
Nov, 2046	$828	$903	$145,639
Dec, 2046	$833	$898	$144,806
2046	$9,664	$11,107	$144,806
Jan, 2047	$838	$893	$143,968
Feb, 2047	$843	$888	$143,125
Mar, 2047	$848	$883	$142,277
Apr, 2047	$854	$877	$141,423
May, 2047	$859	$872	$140,564
Jun, 2047	$864	$867	$139,700
Jul, 2047	$869	$861	$138,831
Aug, 2047	$875	$856	$137,956
Sep, 2047	$880	$851	$137,075
Oct, 2047	$886	$845	$136,190
Nov, 2047	$891	$840	$135,299
Dec, 2047	$897	$834	$134,402
2047	$10,404	$10,367	$134,402
Jan, 2048	$902	$829	$133,500
Feb, 2048	$908	$823	$132,592
Mar, 2048	$913	$818	$131,679
Apr, 2048	$919	$812	$130,760
May, 2048	$925	$806	$129,835
Jun, 2048	$930	$801	$128,905
Jul, 2048	$936	$795	$127,969
Aug, 2048	$942	$789	$127,027
Sep, 2048	$948	$783	$126,080
Oct, 2048	$953	$777	$125,126
Nov, 2048	$959	$772	$124,167
Dec, 2048	$965	$766	$123,202
2048	$11,200	$9,571	$123,202
Jan, 2049	$971	$760	$122,230
Feb, 2049	$977	$754	$121,253
Mar, 2049	$983	$748	$120,270
Apr, 2049	$989	$742	$119,281
May, 2049	$995	$736	$118,285
Jun, 2049	$1,002	$729	$117,284
Jul, 2049	$1,008	$723	$116,276
Aug, 2049	$1,014	$717	$115,262
Sep, 2049	$1,020	$711	$114,242
Oct, 2049	$1,026	$704	$113,216
Nov, 2049	$1,033	$698	$112,183
Dec, 2049	$1,039	$692	$111,144
2049	$12,058	$8,713	$111,144
Jan, 2050	$1,046	$685	$110,098
Feb, 2050	$1,052	$679	$109,046
Mar, 2050	$1,058	$672	$107,988
Apr, 2050	$1,065	$666	$106,923
May, 2050	$1,072	$659	$105,851
Jun, 2050	$1,078	$653	$104,773
Jul, 2050	$1,085	$646	$103,688
Aug, 2050	$1,092	$639	$102,596
Sep, 2050	$1,098	$633	$101,498
Oct, 2050	$1,105	$626	$100,393
Nov, 2050	$1,112	$619	$99,281
Dec, 2050	$1,119	$612	$98,162
2050	$12,981	$7,790	$98,162
Jan, 2051	$1,126	$605	$97,037
Feb, 2051	$1,133	$598	$95,904
Mar, 2051	$1,140	$591	$94,765
Apr, 2051	$1,147	$584	$93,618
May, 2051	$1,154	$577	$92,465
Jun, 2051	$1,161	$570	$91,304
Jul, 2051	$1,168	$563	$90,136
Aug, 2051	$1,175	$556	$88,961
Sep, 2051	$1,182	$549	$87,778
Oct, 2051	$1,190	$541	$86,589
Nov, 2051	$1,197	$534	$85,392
Dec, 2051	$1,204	$527	$84,187
2051	$13,975	$6,796	$84,187
Jan, 2052	$1,212	$519	$82,976
Feb, 2052	$1,219	$512	$81,756
Mar, 2052	$1,227	$504	$80,530
Apr, 2052	$1,234	$497	$79,295
May, 2052	$1,242	$489	$78,053
Jun, 2052	$1,250	$481	$76,804
Jul, 2052	$1,257	$474	$75,546
Aug, 2052	$1,265	$466	$74,281
Sep, 2052	$1,273	$458	$73,008
Oct, 2052	$1,281	$450	$71,728
Nov, 2052	$1,289	$442	$70,439
Dec, 2052	$1,297	$434	$69,142
2052	$15,045	$5,726	$69,142
Jan, 2053	$1,305	$426	$67,838
Feb, 2053	$1,313	$418	$66,525
Mar, 2053	$1,321	$410	$65,205
Apr, 2053	$1,329	$402	$63,876
May, 2053	$1,337	$394	$62,539
Jun, 2053	$1,345	$386	$61,193
Jul, 2053	$1,354	$377	$59,840
Aug, 2053	$1,362	$369	$58,478
Sep, 2053	$1,370	$361	$57,107
Oct, 2053	$1,379	$352	$55,729
Nov, 2053	$1,387	$344	$54,341
Dec, 2053	$1,396	$335	$52,946
2053	$16,197	$4,575	$52,946
Jan, 2054	$1,404	$326	$51,541
Feb, 2054	$1,413	$318	$50,128
Mar, 2054	$1,422	$309	$48,706
Apr, 2054	$1,431	$300	$47,276
May, 2054	$1,439	$292	$45,836
Jun, 2054	$1,448	$283	$44,388
Jul, 2054	$1,457	$274	$42,931
Aug, 2054	$1,466	$265	$41,464
Sep, 2054	$1,475	$256	$39,989
Oct, 2054	$1,484	$247	$38,505
Nov, 2054	$1,494	$237	$37,011
Dec, 2054	$1,503	$228	$35,509
2054	$17,437	$3,334	$35,509
Jan, 2055	$1,512	$219	$33,997
Feb, 2055	$1,521	$210	$32,475
Mar, 2055	$1,531	$200	$30,945
Apr, 2055	$1,540	$191	$29,404
May, 2055	$1,550	$181	$27,855
Jun, 2055	$1,559	$172	$26,296
Jul, 2055	$1,569	$162	$24,727
Aug, 2055	$1,578	$152	$23,148
Sep, 2055	$1,588	$143	$21,560
Oct, 2055	$1,598	$133	$19,962
Nov, 2055	$1,608	$123	$18,354
Dec, 2055	$1,618	$113	$16,737
2055	$18,772	$1,999	$16,737
Jan, 2056	$1,628	$103	$15,109
Feb, 2056	$1,638	$93	$13,471
Mar, 2056	$1,648	$83	$11,823
Apr, 2056	$1,658	$73	$10,165
May, 2056	$1,668	$63	$8,497
Jun, 2056	$1,679	$52	$6,818
Jul, 2056	$1,689	$42	$5,129
Aug, 2056	$1,699	$32	$3,430
Sep, 2056	$1,710	$21	$1,720
Oct, 2056	$1,720	$11	$0
2056	$16,737	$573	$0
Totals	$250,000	$373,142

$250,000 mortgage FAQ

What is the monthly payment on a $250,000 mortgage?: At the current 30-year fixed average of 7.40 percent, a $250,000 mortgage costs about $1,731 a month in principal and interest. Over a 15-year term at 6.71 percent the payment rises to roughly $2,207. Property taxes, homeowner insurance and any PMI or HOA dues are added on top of these figures.
How much interest will I pay on a $250,000 mortgage?: A 30-year $250,000 mortgage at 7.40 percent costs about $373,142 in total interest — more than the amount borrowed. Choosing a 15-year term at 6.71 percent cuts that to roughly $147,212, a saving of about $225,930, in exchange for a higher monthly payment.
What income do I need for a $250,000 mortgage?: Lenders commonly want your total housing payment to stay under 28 percent of gross monthly income. On that rule the $1,731 payment for a $250,000 mortgage implies an income of roughly $74,184 a year before tax — and more once you add property taxes and insurance, which the 28 percent test also counts.
What house price does a $250,000 mortgage buy?: It depends on your down payment. Borrowing $250,000 with 20 percent down corresponds to a purchase price of about $312,500, while 10 percent down puts the price near $277,778. A down payment below 20 percent on a conventional loan also adds PMI until you reach 20 percent equity.
How much does the interest rate change a $250,000 payment?: A great deal. On a 30-year term each quarter-point of rate moves the payment on a $250,000 mortgage by roughly $43 a month. The table on this page prices the loan from 5.00 percent to 8.00 percent so you can see the full range before you lock a rate.