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

At the current 30-year fixed average of 6.67 percent, a $250,000 mortgage costs about $1,608 a month in principal and interest. Over a 15-year term at 5.96 percent the payment rises to roughly $2,104. 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 6.67 percent costs about $328,960 in total interest — more than the amount borrowed. Choosing a 15-year term at 5.96 percent cuts that to roughly $128,764, a saving of about $200,197, 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 $1,608 payment for a $250,000 mortgage implies an income of roughly $68,924 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 $42 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

$1,608

Monthly payment

$578,960

Total of 360 payments

Aug, 2056

Loan payoff date

Loan balance over time

Balance Principal paid $250,000 Interest paid $328,960

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 6.67%: $328,960
Total interest, 15 years at 5.96%: $128,764
Income implied by the 28% rule: $68,924
Purchase price with 20% down: $312,500

Switching from a 30-year to a 15-year term on $250,000 saves about $200,197 in interest, at the cost of a higher monthly payment ($2,104 instead of $1,608). 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
Sep, 2026	$219	$1,390	$249,781
Oct, 2026	$220	$1,388	$249,562
Nov, 2026	$221	$1,387	$249,340
Dec, 2026	$222	$1,386	$249,118
2026	$882	$5,551	$249,118
Jan, 2027	$224	$1,385	$248,895
Feb, 2027	$225	$1,383	$248,670
Mar, 2027	$226	$1,382	$248,444
Apr, 2027	$227	$1,381	$248,216
May, 2027	$229	$1,380	$247,988
Jun, 2027	$230	$1,378	$247,758
Jul, 2027	$231	$1,377	$247,527
Aug, 2027	$232	$1,376	$247,295
Sep, 2027	$234	$1,375	$247,061
Oct, 2027	$235	$1,373	$246,826
Nov, 2027	$236	$1,372	$246,590
Dec, 2027	$238	$1,371	$246,352
2027	$2,766	$16,533	$246,352
Jan, 2028	$239	$1,369	$246,113
Feb, 2028	$240	$1,368	$245,873
Mar, 2028	$242	$1,367	$245,631
Apr, 2028	$243	$1,365	$245,388
May, 2028	$244	$1,364	$245,144
Jun, 2028	$246	$1,363	$244,899
Jul, 2028	$247	$1,361	$244,652
Aug, 2028	$248	$1,360	$244,403
Sep, 2028	$250	$1,358	$244,153
Oct, 2028	$251	$1,357	$243,902
Nov, 2028	$253	$1,356	$243,650
Dec, 2028	$254	$1,354	$243,396
2028	$2,956	$16,342	$243,396
Jan, 2029	$255	$1,353	$243,140
Feb, 2029	$257	$1,351	$242,884
Mar, 2029	$258	$1,350	$242,625
Apr, 2029	$260	$1,349	$242,366
May, 2029	$261	$1,347	$242,105
Jun, 2029	$263	$1,346	$241,842
Jul, 2029	$264	$1,344	$241,578
Aug, 2029	$265	$1,343	$241,313
Sep, 2029	$267	$1,341	$241,046
Oct, 2029	$268	$1,340	$240,777
Nov, 2029	$270	$1,338	$240,508
Dec, 2029	$271	$1,337	$240,236
2029	$3,160	$16,139	$240,236
Jan, 2030	$273	$1,335	$239,963
Feb, 2030	$274	$1,334	$239,689
Mar, 2030	$276	$1,332	$239,413
Apr, 2030	$277	$1,331	$239,135
May, 2030	$279	$1,329	$238,856
Jun, 2030	$281	$1,328	$238,576
Jul, 2030	$282	$1,326	$238,294
Aug, 2030	$284	$1,325	$238,010
Sep, 2030	$285	$1,323	$237,725
Oct, 2030	$287	$1,321	$237,438
Nov, 2030	$288	$1,320	$237,149
Dec, 2030	$290	$1,318	$236,859
2030	$3,377	$15,922	$236,859
Jan, 2031	$292	$1,317	$236,568
Feb, 2031	$293	$1,315	$236,274
Mar, 2031	$295	$1,313	$235,979
Apr, 2031	$297	$1,312	$235,683
May, 2031	$298	$1,310	$235,385
Jun, 2031	$300	$1,308	$235,085
Jul, 2031	$302	$1,307	$234,783
Aug, 2031	$303	$1,305	$234,480
Sep, 2031	$305	$1,303	$234,175
Oct, 2031	$307	$1,302	$233,868
Nov, 2031	$308	$1,300	$233,560
Dec, 2031	$310	$1,298	$233,250
2031	$3,609	$15,690	$233,250
Jan, 2032	$312	$1,296	$232,938
Feb, 2032	$313	$1,295	$232,625
Mar, 2032	$315	$1,293	$232,310
Apr, 2032	$317	$1,291	$231,993
May, 2032	$319	$1,289	$231,674
Jun, 2032	$321	$1,288	$231,353
Jul, 2032	$322	$1,286	$231,031
Aug, 2032	$324	$1,284	$230,707
Sep, 2032	$326	$1,282	$230,381
Oct, 2032	$328	$1,281	$230,054
Nov, 2032	$330	$1,279	$229,724
Dec, 2032	$331	$1,277	$229,393
2032	$3,857	$15,441	$229,393
Jan, 2033	$333	$1,275	$229,059
Feb, 2033	$335	$1,273	$228,724
Mar, 2033	$337	$1,271	$228,388
Apr, 2033	$339	$1,269	$228,049
May, 2033	$341	$1,268	$227,708
Jun, 2033	$343	$1,266	$227,366
Jul, 2033	$344	$1,264	$227,021
Aug, 2033	$346	$1,262	$226,675
Sep, 2033	$348	$1,260	$226,326
Oct, 2033	$350	$1,258	$225,976
Nov, 2033	$352	$1,256	$225,624
Dec, 2033	$354	$1,254	$225,270
2033	$4,123	$15,176	$225,270
Jan, 2034	$356	$1,252	$224,914
Feb, 2034	$358	$1,250	$224,556
Mar, 2034	$360	$1,248	$224,196
Apr, 2034	$362	$1,246	$223,834
May, 2034	$364	$1,244	$223,470
Jun, 2034	$366	$1,242	$223,103
Jul, 2034	$368	$1,240	$222,735
Aug, 2034	$370	$1,238	$222,365
Sep, 2034	$372	$1,236	$221,993
Oct, 2034	$374	$1,234	$221,619
Nov, 2034	$376	$1,232	$221,242
Dec, 2034	$378	$1,230	$220,864
2034	$4,406	$14,892	$220,864
Jan, 2035	$381	$1,228	$220,483
Feb, 2035	$383	$1,226	$220,100
Mar, 2035	$385	$1,223	$219,716
Apr, 2035	$387	$1,221	$219,329
May, 2035	$389	$1,219	$218,939
Jun, 2035	$391	$1,217	$218,548
Jul, 2035	$393	$1,215	$218,155
Aug, 2035	$396	$1,213	$217,759
Sep, 2035	$398	$1,210	$217,361
Oct, 2035	$400	$1,208	$216,961
Nov, 2035	$402	$1,206	$216,559
Dec, 2035	$405	$1,204	$216,154
2035	$4,709	$14,589	$216,154
Jan, 2036	$407	$1,201	$215,748
Feb, 2036	$409	$1,199	$215,339
Mar, 2036	$411	$1,197	$214,927
Apr, 2036	$414	$1,195	$214,514
May, 2036	$416	$1,192	$214,098
Jun, 2036	$418	$1,190	$213,680
Jul, 2036	$421	$1,188	$213,259
Aug, 2036	$423	$1,185	$212,836
Sep, 2036	$425	$1,183	$212,411
Oct, 2036	$428	$1,181	$211,983
Nov, 2036	$430	$1,178	$211,554
Dec, 2036	$432	$1,176	$211,121
2036	$5,033	$14,265	$211,121
Jan, 2037	$435	$1,173	$210,686
Feb, 2037	$437	$1,171	$210,249
Mar, 2037	$440	$1,169	$209,810
Apr, 2037	$442	$1,166	$209,368
May, 2037	$444	$1,164	$208,923
Jun, 2037	$447	$1,161	$208,476
Jul, 2037	$449	$1,159	$208,027
Aug, 2037	$452	$1,156	$207,575
Sep, 2037	$454	$1,154	$207,120
Oct, 2037	$457	$1,151	$206,663
Nov, 2037	$460	$1,149	$206,204
Dec, 2037	$462	$1,146	$205,742
2037	$5,379	$13,919	$205,742
Jan, 2038	$465	$1,144	$205,277
Feb, 2038	$467	$1,141	$204,810
Mar, 2038	$470	$1,138	$204,340
Apr, 2038	$472	$1,136	$203,868
May, 2038	$475	$1,133	$203,393
Jun, 2038	$478	$1,131	$202,915
Jul, 2038	$480	$1,128	$202,435
Aug, 2038	$483	$1,125	$201,952
Sep, 2038	$486	$1,123	$201,466
Oct, 2038	$488	$1,120	$200,977
Nov, 2038	$491	$1,117	$200,486
Dec, 2038	$494	$1,114	$199,992
2038	$5,749	$13,549	$199,992
Jan, 2039	$497	$1,112	$199,496
Feb, 2039	$499	$1,109	$198,997
Mar, 2039	$502	$1,106	$198,494
Apr, 2039	$505	$1,103	$197,989
May, 2039	$508	$1,100	$197,482
Jun, 2039	$511	$1,098	$196,971
Jul, 2039	$513	$1,095	$196,458
Aug, 2039	$516	$1,092	$195,942
Sep, 2039	$519	$1,089	$195,422
Oct, 2039	$522	$1,086	$194,900
Nov, 2039	$525	$1,083	$194,376
Dec, 2039	$528	$1,080	$193,848
2039	$6,145	$13,154	$193,848
Jan, 2040	$531	$1,077	$193,317
Feb, 2040	$534	$1,075	$192,783
Mar, 2040	$537	$1,072	$192,247
Apr, 2040	$540	$1,069	$191,707
May, 2040	$543	$1,066	$191,164
Jun, 2040	$546	$1,063	$190,619
Jul, 2040	$549	$1,060	$190,070
Aug, 2040	$552	$1,056	$189,518
Sep, 2040	$555	$1,053	$188,963
Oct, 2040	$558	$1,050	$188,405
Nov, 2040	$561	$1,047	$187,844
Dec, 2040	$564	$1,044	$187,280
2040	$6,567	$12,731	$187,280
Jan, 2041	$567	$1,041	$186,713
Feb, 2041	$570	$1,038	$186,143
Mar, 2041	$574	$1,035	$185,569
Apr, 2041	$577	$1,031	$184,992
May, 2041	$580	$1,028	$184,412
Jun, 2041	$583	$1,025	$183,829
Jul, 2041	$586	$1,022	$183,243
Aug, 2041	$590	$1,019	$182,653
Sep, 2041	$593	$1,015	$182,060
Oct, 2041	$596	$1,012	$181,464
Nov, 2041	$600	$1,009	$180,864
Dec, 2041	$603	$1,005	$180,261
2041	$7,019	$12,280	$180,261
Jan, 2042	$606	$1,002	$179,655
Feb, 2042	$610	$999	$179,045
Mar, 2042	$613	$995	$178,432
Apr, 2042	$616	$992	$177,816
May, 2042	$620	$988	$177,196
Jun, 2042	$623	$985	$176,573
Jul, 2042	$627	$981	$175,946
Aug, 2042	$630	$978	$175,316
Sep, 2042	$634	$974	$174,682
Oct, 2042	$637	$971	$174,045
Nov, 2042	$641	$967	$173,404
Dec, 2042	$644	$964	$172,759
2042	$7,502	$11,797	$172,759
Jan, 2043	$648	$960	$172,111
Feb, 2043	$652	$957	$171,460
Mar, 2043	$655	$953	$170,805
Apr, 2043	$659	$949	$170,146
May, 2043	$662	$946	$169,483
Jun, 2043	$666	$942	$168,817
Jul, 2043	$670	$938	$168,147
Aug, 2043	$674	$935	$167,474
Sep, 2043	$677	$931	$166,796
Oct, 2043	$681	$927	$166,115
Nov, 2043	$685	$923	$165,430
Dec, 2043	$689	$920	$164,742
2043	$8,018	$11,281	$164,742
Jan, 2044	$693	$916	$164,049
Feb, 2044	$696	$912	$163,353
Mar, 2044	$700	$908	$162,652
Apr, 2044	$704	$904	$161,948
May, 2044	$708	$900	$161,240
Jun, 2044	$712	$896	$160,528
Jul, 2044	$716	$892	$159,812
Aug, 2044	$720	$888	$159,092
Sep, 2044	$724	$884	$158,368
Oct, 2044	$728	$880	$157,640
Nov, 2044	$732	$876	$156,908
Dec, 2044	$736	$872	$156,172
2044	$8,569	$10,729	$156,172
Jan, 2045	$740	$868	$155,432
Feb, 2045	$744	$864	$154,688
Mar, 2045	$748	$860	$153,940
Apr, 2045	$753	$856	$153,187
May, 2045	$757	$851	$152,430
Jun, 2045	$761	$847	$151,669
Jul, 2045	$765	$843	$150,904
Aug, 2045	$769	$839	$150,135
Sep, 2045	$774	$834	$149,361
Oct, 2045	$778	$830	$148,583
Nov, 2045	$782	$826	$147,800
Dec, 2045	$787	$822	$147,014
2045	$9,159	$10,140	$147,014
Jan, 2046	$791	$817	$146,223
Feb, 2046	$795	$813	$145,427
Mar, 2046	$800	$808	$144,627
Apr, 2046	$804	$804	$143,823
May, 2046	$809	$799	$143,014
Jun, 2046	$813	$795	$142,201
Jul, 2046	$818	$790	$141,383
Aug, 2046	$822	$786	$140,561
Sep, 2046	$827	$781	$139,734
Oct, 2046	$832	$777	$138,902
Nov, 2046	$836	$772	$138,066
Dec, 2046	$841	$767	$137,225
2046	$9,789	$9,510	$137,225
Jan, 2047	$845	$763	$136,380
Feb, 2047	$850	$758	$135,530
Mar, 2047	$855	$753	$134,675
Apr, 2047	$860	$749	$133,815
May, 2047	$864	$744	$132,951
Jun, 2047	$869	$739	$132,081
Jul, 2047	$874	$734	$131,207
Aug, 2047	$879	$729	$130,328
Sep, 2047	$884	$724	$129,445
Oct, 2047	$889	$719	$128,556
Nov, 2047	$894	$715	$127,662
Dec, 2047	$899	$710	$126,764
2047	$10,462	$8,837	$126,764
Jan, 2048	$904	$705	$125,860
Feb, 2048	$909	$700	$124,951
Mar, 2048	$914	$695	$124,038
Apr, 2048	$919	$689	$123,119
May, 2048	$924	$684	$122,195
Jun, 2048	$929	$679	$121,266
Jul, 2048	$934	$674	$120,332
Aug, 2048	$939	$669	$119,392
Sep, 2048	$945	$664	$118,448
Oct, 2048	$950	$658	$117,498
Nov, 2048	$955	$653	$116,543
Dec, 2048	$960	$648	$115,582
2048	$11,181	$8,117	$115,582
Jan, 2049	$966	$642	$114,616
Feb, 2049	$971	$637	$113,645
Mar, 2049	$977	$632	$112,669
Apr, 2049	$982	$626	$111,687
May, 2049	$987	$621	$110,699
Jun, 2049	$993	$615	$109,706
Jul, 2049	$998	$610	$108,708
Aug, 2049	$1,004	$604	$107,704
Sep, 2049	$1,010	$599	$106,694
Oct, 2049	$1,015	$593	$105,679
Nov, 2049	$1,021	$587	$104,658
Dec, 2049	$1,026	$582	$103,632
2049	$11,950	$7,348	$103,632
Jan, 2050	$1,032	$576	$102,600
Feb, 2050	$1,038	$570	$101,562
Mar, 2050	$1,044	$565	$100,518
Apr, 2050	$1,050	$559	$99,469
May, 2050	$1,055	$553	$98,413
Jun, 2050	$1,061	$547	$97,352
Jul, 2050	$1,067	$541	$96,285
Aug, 2050	$1,073	$535	$95,212
Sep, 2050	$1,079	$529	$94,133
Oct, 2050	$1,085	$523	$93,048
Nov, 2050	$1,091	$517	$91,957
Dec, 2050	$1,097	$511	$90,860
2050	$12,772	$6,526	$90,860
Jan, 2051	$1,103	$505	$89,757
Feb, 2051	$1,109	$499	$88,647
Mar, 2051	$1,115	$493	$87,532
Apr, 2051	$1,122	$487	$86,410
May, 2051	$1,128	$480	$85,282
Jun, 2051	$1,134	$474	$84,148
Jul, 2051	$1,141	$468	$83,007
Aug, 2051	$1,147	$461	$81,861
Sep, 2051	$1,153	$455	$80,707
Oct, 2051	$1,160	$449	$79,548
Nov, 2051	$1,166	$442	$78,382
Dec, 2051	$1,173	$436	$77,209
2051	$13,651	$5,648	$77,209
Jan, 2052	$1,179	$429	$76,030
Feb, 2052	$1,186	$423	$74,844
Mar, 2052	$1,192	$416	$73,652
Apr, 2052	$1,199	$409	$72,453
May, 2052	$1,206	$403	$71,248
Jun, 2052	$1,212	$396	$70,036
Jul, 2052	$1,219	$389	$68,817
Aug, 2052	$1,226	$383	$67,591
Sep, 2052	$1,233	$376	$66,359
Oct, 2052	$1,239	$369	$65,119
Nov, 2052	$1,246	$362	$63,873
Dec, 2052	$1,253	$355	$62,620
2052	$14,589	$4,709	$62,620
Jan, 2053	$1,260	$348	$61,359
Feb, 2053	$1,267	$341	$60,092
Mar, 2053	$1,274	$334	$58,818
Apr, 2053	$1,281	$327	$57,537
May, 2053	$1,288	$320	$56,248
Jun, 2053	$1,296	$313	$54,953
Jul, 2053	$1,303	$305	$53,650
Aug, 2053	$1,310	$298	$52,340
Sep, 2053	$1,317	$291	$51,023
Oct, 2053	$1,325	$284	$49,698
Nov, 2053	$1,332	$276	$48,366
Dec, 2053	$1,339	$269	$47,027
2053	$15,593	$3,706	$47,027
Jan, 2054	$1,347	$261	$45,680
Feb, 2054	$1,354	$254	$44,326
Mar, 2054	$1,362	$246	$42,964
Apr, 2054	$1,369	$239	$41,594
May, 2054	$1,377	$231	$40,217
Jun, 2054	$1,385	$224	$38,833
Jul, 2054	$1,392	$216	$37,440
Aug, 2054	$1,400	$208	$36,040
Sep, 2054	$1,408	$200	$34,632
Oct, 2054	$1,416	$192	$33,217
Nov, 2054	$1,424	$185	$31,793
Dec, 2054	$1,432	$177	$30,361
2054	$16,665	$2,633	$30,361
Jan, 2055	$1,439	$169	$28,922
Feb, 2055	$1,447	$161	$27,474
Mar, 2055	$1,456	$153	$26,019
Apr, 2055	$1,464	$145	$24,555
May, 2055	$1,472	$136	$23,084
Jun, 2055	$1,480	$128	$21,604
Jul, 2055	$1,488	$120	$20,116
Aug, 2055	$1,496	$112	$18,619
Sep, 2055	$1,505	$103	$17,114
Oct, 2055	$1,513	$95	$15,601
Nov, 2055	$1,522	$87	$14,080
Dec, 2055	$1,530	$78	$12,550
2055	$17,812	$1,487	$12,550
Jan, 2056	$1,538	$70	$11,011
Feb, 2056	$1,547	$61	$9,464
Mar, 2056	$1,556	$53	$7,909
Apr, 2056	$1,564	$44	$6,344
May, 2056	$1,573	$35	$4,772
Jun, 2056	$1,582	$27	$3,190
Jul, 2056	$1,590	$18	$1,599
Aug, 2056	$1,599	$9	$0
2056	$12,550	$316	$0
Totals	$250,000	$328,960

$250,000 mortgage FAQ

What is the monthly payment on a $250,000 mortgage?: At the current 30-year fixed average of 6.67 percent, a $250,000 mortgage costs about $1,608 a month in principal and interest. Over a 15-year term at 5.96 percent the payment rises to roughly $2,104. 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 6.67 percent costs about $328,960 in total interest — more than the amount borrowed. Choosing a 15-year term at 5.96 percent cuts that to roughly $128,764, a saving of about $200,197, 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 $1,608 payment for a $250,000 mortgage implies an income of roughly $68,924 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 $42 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.