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

At the current 30-year fixed average of 6.71 percent, a $250,000 mortgage costs about $1,615 a month in principal and interest. Over a 15-year term at 6.04 percent the payment rises to roughly $2,115. 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 6.71 percent costs about $331,347 in total interest — more than the amount borrowed. Choosing a 15-year term at 6.04 percent cuts that to roughly $130,709, a saving of about $200,639, 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 $1,615 payment for a $250,000 mortgage implies an income of roughly $69,208 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

$1,615

Monthly payment

$581,347

Total of 360 payments

Sep, 2056

Loan payoff date

Loan balance over time

Balance Principal paid $250,000 Interest paid $331,347

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 6.71%: $331,347
Total interest, 15 years at 6.04%: $130,709
Income implied by the 28% rule: $69,208
Purchase price with 20% down: $312,500

Switching from a 30-year to a 15-year term on $250,000 saves about $200,639 in interest, at the cost of a higher monthly payment ($2,115 instead of $1,615). 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
Oct, 2026	$217	$1,398	$249,783
Nov, 2026	$218	$1,397	$249,565
Dec, 2026	$219	$1,395	$249,346
2026	$654	$4,190	$249,346
Jan, 2027	$221	$1,394	$249,125
Feb, 2027	$222	$1,393	$248,903
Mar, 2027	$223	$1,392	$248,680
Apr, 2027	$224	$1,391	$248,456
May, 2027	$226	$1,389	$248,230
Jun, 2027	$227	$1,388	$248,003
Jul, 2027	$228	$1,387	$247,775
Aug, 2027	$229	$1,385	$247,546
Sep, 2027	$231	$1,384	$247,315
Oct, 2027	$232	$1,383	$247,083
Nov, 2027	$233	$1,382	$246,850
Dec, 2027	$235	$1,380	$246,615
2027	$2,730	$16,648	$246,615
Jan, 2028	$236	$1,379	$246,380
Feb, 2028	$237	$1,378	$246,142
Mar, 2028	$239	$1,376	$245,904
Apr, 2028	$240	$1,375	$245,664
May, 2028	$241	$1,374	$245,423
Jun, 2028	$243	$1,372	$245,180
Jul, 2028	$244	$1,371	$244,936
Aug, 2028	$245	$1,370	$244,691
Sep, 2028	$247	$1,368	$244,445
Oct, 2028	$248	$1,367	$244,197
Nov, 2028	$249	$1,365	$243,947
Dec, 2028	$251	$1,364	$243,696
2028	$2,919	$16,459	$243,696
Jan, 2029	$252	$1,363	$243,444
Feb, 2029	$254	$1,361	$243,191
Mar, 2029	$255	$1,360	$242,936
Apr, 2029	$256	$1,358	$242,679
May, 2029	$258	$1,357	$242,421
Jun, 2029	$259	$1,356	$242,162
Jul, 2029	$261	$1,354	$241,901
Aug, 2029	$262	$1,353	$241,639
Sep, 2029	$264	$1,351	$241,375
Oct, 2029	$265	$1,350	$241,110
Nov, 2029	$267	$1,348	$240,843
Dec, 2029	$268	$1,347	$240,575
2029	$3,121	$16,257	$240,575
Jan, 2030	$270	$1,345	$240,306
Feb, 2030	$271	$1,344	$240,035
Mar, 2030	$273	$1,342	$239,762
Apr, 2030	$274	$1,341	$239,488
May, 2030	$276	$1,339	$239,212
Jun, 2030	$277	$1,338	$238,935
Jul, 2030	$279	$1,336	$238,656
Aug, 2030	$280	$1,334	$238,376
Sep, 2030	$282	$1,333	$238,094
Oct, 2030	$284	$1,331	$237,810
Nov, 2030	$285	$1,330	$237,525
Dec, 2030	$287	$1,328	$237,238
2030	$3,337	$16,041	$237,238
Jan, 2031	$288	$1,327	$236,950
Feb, 2031	$290	$1,325	$236,660
Mar, 2031	$292	$1,323	$236,369
Apr, 2031	$293	$1,322	$236,075
May, 2031	$295	$1,320	$235,781
Jun, 2031	$296	$1,318	$235,484
Jul, 2031	$298	$1,317	$235,186
Aug, 2031	$300	$1,315	$234,886
Sep, 2031	$301	$1,313	$234,585
Oct, 2031	$303	$1,312	$234,282
Nov, 2031	$305	$1,310	$233,977
Dec, 2031	$307	$1,308	$233,670
2031	$3,568	$15,810	$233,670
Jan, 2032	$308	$1,307	$233,362
Feb, 2032	$310	$1,305	$233,052
Mar, 2032	$312	$1,303	$232,740
Apr, 2032	$313	$1,301	$232,427
May, 2032	$315	$1,300	$232,112
Jun, 2032	$317	$1,298	$231,795
Jul, 2032	$319	$1,296	$231,476
Aug, 2032	$321	$1,294	$231,156
Sep, 2032	$322	$1,293	$230,833
Oct, 2032	$324	$1,291	$230,509
Nov, 2032	$326	$1,289	$230,183
Dec, 2032	$328	$1,287	$229,856
2032	$3,815	$15,563	$229,856
Jan, 2033	$330	$1,285	$229,526
Feb, 2033	$331	$1,283	$229,195
Mar, 2033	$333	$1,282	$228,861
Apr, 2033	$335	$1,280	$228,526
May, 2033	$337	$1,278	$228,189
Jun, 2033	$339	$1,276	$227,850
Jul, 2033	$341	$1,274	$227,509
Aug, 2033	$343	$1,272	$227,167
Sep, 2033	$345	$1,270	$226,822
Oct, 2033	$347	$1,268	$226,476
Nov, 2033	$348	$1,266	$226,127
Dec, 2033	$350	$1,264	$225,777
2033	$4,079	$15,299	$225,777
Jan, 2034	$352	$1,262	$225,424
Feb, 2034	$354	$1,260	$225,070
Mar, 2034	$356	$1,259	$224,714
Apr, 2034	$358	$1,257	$224,355
May, 2034	$360	$1,255	$223,995
Jun, 2034	$362	$1,253	$223,633
Jul, 2034	$364	$1,250	$223,268
Aug, 2034	$366	$1,248	$222,902
Sep, 2034	$368	$1,246	$222,533
Oct, 2034	$371	$1,244	$222,163
Nov, 2034	$373	$1,242	$221,790
Dec, 2034	$375	$1,240	$221,416
2034	$4,361	$15,017	$221,416
Jan, 2035	$377	$1,238	$221,039
Feb, 2035	$379	$1,236	$220,660
Mar, 2035	$381	$1,234	$220,279
Apr, 2035	$383	$1,232	$219,896
May, 2035	$385	$1,230	$219,510
Jun, 2035	$387	$1,227	$219,123
Jul, 2035	$390	$1,225	$218,733
Aug, 2035	$392	$1,223	$218,342
Sep, 2035	$394	$1,221	$217,948
Oct, 2035	$396	$1,219	$217,552
Nov, 2035	$398	$1,216	$217,153
Dec, 2035	$401	$1,214	$216,753
2035	$4,663	$14,715	$216,753
Jan, 2036	$403	$1,212	$216,350
Feb, 2036	$405	$1,210	$215,945
Mar, 2036	$407	$1,207	$215,537
Apr, 2036	$410	$1,205	$215,128
May, 2036	$412	$1,203	$214,716
Jun, 2036	$414	$1,201	$214,301
Jul, 2036	$417	$1,198	$213,885
Aug, 2036	$419	$1,196	$213,466
Sep, 2036	$421	$1,194	$213,045
Oct, 2036	$424	$1,191	$212,621
Nov, 2036	$426	$1,189	$212,195
Dec, 2036	$428	$1,187	$211,767
2036	$4,986	$14,393	$211,767
Jan, 2037	$431	$1,184	$211,336
Feb, 2037	$433	$1,182	$210,903
Mar, 2037	$436	$1,179	$210,468
Apr, 2037	$438	$1,177	$210,030
May, 2037	$440	$1,174	$209,589
Jun, 2037	$443	$1,172	$209,146
Jul, 2037	$445	$1,169	$208,701
Aug, 2037	$448	$1,167	$208,253
Sep, 2037	$450	$1,164	$207,803
Oct, 2037	$453	$1,162	$207,350
Nov, 2037	$455	$1,159	$206,894
Dec, 2037	$458	$1,157	$206,436
2037	$5,331	$14,048	$206,436
Jan, 2038	$461	$1,154	$205,976
Feb, 2038	$463	$1,152	$205,513
Mar, 2038	$466	$1,149	$205,047
Apr, 2038	$468	$1,147	$204,579
May, 2038	$471	$1,144	$204,108
Jun, 2038	$474	$1,141	$203,634
Jul, 2038	$476	$1,139	$203,158
Aug, 2038	$479	$1,136	$202,679
Sep, 2038	$482	$1,133	$202,198
Oct, 2038	$484	$1,131	$201,713
Nov, 2038	$487	$1,128	$201,226
Dec, 2038	$490	$1,125	$200,737
2038	$5,700	$13,679	$200,737
Jan, 2039	$492	$1,122	$200,244
Feb, 2039	$495	$1,120	$199,749
Mar, 2039	$498	$1,117	$199,251
Apr, 2039	$501	$1,114	$198,751
May, 2039	$504	$1,111	$198,247
Jun, 2039	$506	$1,109	$197,741
Jul, 2039	$509	$1,106	$197,232
Aug, 2039	$512	$1,103	$196,720
Sep, 2039	$515	$1,100	$196,205
Oct, 2039	$518	$1,097	$195,687
Nov, 2039	$521	$1,094	$195,166
Dec, 2039	$524	$1,091	$194,643
2039	$6,094	$13,284	$194,643
Jan, 2040	$526	$1,088	$194,116
Feb, 2040	$529	$1,085	$193,587
Mar, 2040	$532	$1,082	$193,055
Apr, 2040	$535	$1,079	$192,519
May, 2040	$538	$1,077	$191,981
Jun, 2040	$541	$1,073	$191,439
Jul, 2040	$544	$1,070	$190,895
Aug, 2040	$547	$1,067	$190,348
Sep, 2040	$550	$1,064	$189,797
Oct, 2040	$554	$1,061	$189,244
Nov, 2040	$557	$1,058	$188,687
Dec, 2040	$560	$1,055	$188,127
2040	$6,516	$12,863	$188,127
Jan, 2041	$563	$1,052	$187,564
Feb, 2041	$566	$1,049	$186,998
Mar, 2041	$569	$1,046	$186,429
Apr, 2041	$572	$1,042	$185,857
May, 2041	$576	$1,039	$185,281
Jun, 2041	$579	$1,036	$184,702
Jul, 2041	$582	$1,033	$184,120
Aug, 2041	$585	$1,030	$183,535
Sep, 2041	$589	$1,026	$182,946
Oct, 2041	$592	$1,023	$182,354
Nov, 2041	$595	$1,020	$181,759
Dec, 2041	$599	$1,016	$181,161
2041	$6,967	$12,412	$181,161
Jan, 2042	$602	$1,013	$180,559
Feb, 2042	$605	$1,010	$179,954
Mar, 2042	$609	$1,006	$179,345
Apr, 2042	$612	$1,003	$178,733
May, 2042	$615	$999	$178,117
Jun, 2042	$619	$996	$177,499
Jul, 2042	$622	$993	$176,876
Aug, 2042	$626	$989	$176,250
Sep, 2042	$629	$986	$175,621
Oct, 2042	$633	$982	$174,988
Nov, 2042	$636	$978	$174,352
Dec, 2042	$640	$975	$173,712
2042	$7,449	$11,930	$173,712
Jan, 2043	$644	$971	$173,068
Feb, 2043	$647	$968	$172,421
Mar, 2043	$651	$964	$171,771
Apr, 2043	$654	$960	$171,116
May, 2043	$658	$957	$170,458
Jun, 2043	$662	$953	$169,796
Jul, 2043	$665	$949	$169,131
Aug, 2043	$669	$946	$168,462
Sep, 2043	$673	$942	$167,789
Oct, 2043	$677	$938	$167,112
Nov, 2043	$680	$934	$166,432
Dec, 2043	$684	$931	$165,748
2043	$7,964	$11,414	$165,748
Jan, 2044	$688	$927	$165,060
Feb, 2044	$692	$923	$164,368
Mar, 2044	$696	$919	$163,672
Apr, 2044	$700	$915	$162,972
May, 2044	$704	$911	$162,269
Jun, 2044	$708	$907	$161,561
Jul, 2044	$711	$903	$160,850
Aug, 2044	$715	$899	$160,134
Sep, 2044	$719	$895	$159,415
Oct, 2044	$723	$891	$158,692
Nov, 2044	$728	$887	$157,964
Dec, 2044	$732	$883	$157,232
2044	$8,515	$10,863	$157,232
Jan, 2045	$736	$879	$156,497
Feb, 2045	$740	$875	$155,757
Mar, 2045	$744	$871	$155,013
Apr, 2045	$748	$867	$154,265
May, 2045	$752	$863	$153,513
Jun, 2045	$756	$858	$152,756
Jul, 2045	$761	$854	$151,996
Aug, 2045	$765	$850	$151,231
Sep, 2045	$769	$846	$150,461
Oct, 2045	$774	$841	$149,688
Nov, 2045	$778	$837	$148,910
Dec, 2045	$782	$833	$148,128
2045	$9,105	$10,274	$148,128
Jan, 2046	$787	$828	$147,341
Feb, 2046	$791	$824	$146,550
Mar, 2046	$795	$819	$145,755
Apr, 2046	$800	$815	$144,955
May, 2046	$804	$811	$144,151
Jun, 2046	$809	$806	$143,342
Jul, 2046	$813	$802	$142,529
Aug, 2046	$818	$797	$141,711
Sep, 2046	$822	$792	$140,888
Oct, 2046	$827	$788	$140,061
Nov, 2046	$832	$783	$139,230
Dec, 2046	$836	$779	$138,393
2046	$9,735	$9,644	$138,393
Jan, 2047	$841	$774	$137,552
Feb, 2047	$846	$769	$136,707
Mar, 2047	$850	$764	$135,856
Apr, 2047	$855	$760	$135,001
May, 2047	$860	$755	$134,141
Jun, 2047	$865	$750	$133,276
Jul, 2047	$870	$745	$132,407
Aug, 2047	$874	$740	$131,532
Sep, 2047	$879	$735	$130,653
Oct, 2047	$884	$731	$129,768
Nov, 2047	$889	$726	$128,879
Dec, 2047	$894	$721	$127,985
2047	$10,408	$8,970	$127,985
Jan, 2048	$899	$716	$127,086
Feb, 2048	$904	$711	$126,182
Mar, 2048	$909	$706	$125,272
Apr, 2048	$914	$700	$124,358
May, 2048	$919	$695	$123,438
Jun, 2048	$925	$690	$122,514
Jul, 2048	$930	$685	$121,584
Aug, 2048	$935	$680	$120,649
Sep, 2048	$940	$675	$119,709
Oct, 2048	$945	$669	$118,763
Nov, 2048	$951	$664	$117,813
Dec, 2048	$956	$659	$116,856
2048	$11,129	$8,250	$116,856
Jan, 2049	$961	$653	$115,895
Feb, 2049	$967	$648	$114,928
Mar, 2049	$972	$643	$113,956
Apr, 2049	$978	$637	$112,978
May, 2049	$983	$632	$111,995
Jun, 2049	$989	$626	$111,007
Jul, 2049	$994	$621	$110,012
Aug, 2049	$1,000	$615	$109,013
Sep, 2049	$1,005	$610	$108,007
Oct, 2049	$1,011	$604	$106,997
Nov, 2049	$1,017	$598	$105,980
Dec, 2049	$1,022	$593	$104,958
2049	$11,899	$7,480	$104,958
Jan, 2050	$1,028	$587	$103,930
Feb, 2050	$1,034	$581	$102,896
Mar, 2050	$1,039	$575	$101,857
Apr, 2050	$1,045	$570	$100,811
May, 2050	$1,051	$564	$99,760
Jun, 2050	$1,057	$558	$98,703
Jul, 2050	$1,063	$552	$97,640
Aug, 2050	$1,069	$546	$96,571
Sep, 2050	$1,075	$540	$95,496
Oct, 2050	$1,081	$534	$94,416
Nov, 2050	$1,087	$528	$93,329
Dec, 2050	$1,093	$522	$92,236
2050	$12,722	$6,656	$92,236
Jan, 2051	$1,099	$516	$91,137
Feb, 2051	$1,105	$510	$90,031
Mar, 2051	$1,111	$503	$88,920
Apr, 2051	$1,118	$497	$87,802
May, 2051	$1,124	$491	$86,678
Jun, 2051	$1,130	$485	$85,548
Jul, 2051	$1,136	$478	$84,412
Aug, 2051	$1,143	$472	$83,269
Sep, 2051	$1,149	$466	$82,120
Oct, 2051	$1,156	$459	$80,964
Nov, 2051	$1,162	$453	$79,802
Dec, 2051	$1,169	$446	$78,633
2051	$13,603	$5,776	$78,633
Jan, 2052	$1,175	$440	$77,458
Feb, 2052	$1,182	$433	$76,276
Mar, 2052	$1,188	$427	$75,088
Apr, 2052	$1,195	$420	$73,893
May, 2052	$1,202	$413	$72,691
Jun, 2052	$1,208	$406	$71,483
Jul, 2052	$1,215	$400	$70,268
Aug, 2052	$1,222	$393	$69,046
Sep, 2052	$1,229	$386	$67,817
Oct, 2052	$1,236	$379	$66,581
Nov, 2052	$1,243	$372	$65,339
Dec, 2052	$1,250	$365	$64,089
2052	$14,544	$4,834	$64,089
Jan, 2053	$1,256	$358	$62,833
Feb, 2053	$1,264	$351	$61,569
Mar, 2053	$1,271	$344	$60,299
Apr, 2053	$1,278	$337	$59,021
May, 2053	$1,285	$330	$57,736
Jun, 2053	$1,292	$323	$56,444
Jul, 2053	$1,299	$316	$55,145
Aug, 2053	$1,307	$308	$53,838
Sep, 2053	$1,314	$301	$52,525
Oct, 2053	$1,321	$294	$51,204
Nov, 2053	$1,329	$286	$49,875
Dec, 2053	$1,336	$279	$48,539
2053	$15,550	$3,828	$48,539
Jan, 2054	$1,343	$271	$47,196
Feb, 2054	$1,351	$264	$45,845
Mar, 2054	$1,359	$256	$44,486
Apr, 2054	$1,366	$249	$43,120
May, 2054	$1,374	$241	$41,746
Jun, 2054	$1,381	$233	$40,365
Jul, 2054	$1,389	$226	$38,976
Aug, 2054	$1,397	$218	$37,579
Sep, 2054	$1,405	$210	$36,174
Oct, 2054	$1,413	$202	$34,761
Nov, 2054	$1,420	$194	$33,341
Dec, 2054	$1,428	$186	$31,913
2054	$16,626	$2,752	$31,913
Jan, 2055	$1,436	$178	$30,476
Feb, 2055	$1,444	$170	$29,032
Mar, 2055	$1,453	$162	$27,579
Apr, 2055	$1,461	$154	$26,119
May, 2055	$1,469	$146	$24,650
Jun, 2055	$1,477	$138	$23,173
Jul, 2055	$1,485	$130	$21,687
Aug, 2055	$1,494	$121	$20,194
Sep, 2055	$1,502	$113	$18,692
Oct, 2055	$1,510	$105	$17,182
Nov, 2055	$1,519	$96	$15,663
Dec, 2055	$1,527	$88	$14,136
2055	$17,777	$1,601	$14,136
Jan, 2056	$1,536	$79	$12,600
Feb, 2056	$1,544	$70	$11,055
Mar, 2056	$1,553	$62	$9,502
Apr, 2056	$1,562	$53	$7,941
May, 2056	$1,570	$44	$6,370
Jun, 2056	$1,579	$36	$4,791
Jul, 2056	$1,588	$27	$3,203
Aug, 2056	$1,597	$18	$1,606
Sep, 2056	$1,606	$9	$0
2056	$14,136	$398	$0
Totals	$250,000	$331,347

$250,000 mortgage FAQ

What is the monthly payment on a $250,000 mortgage?: At the current 30-year fixed average of 6.71 percent, a $250,000 mortgage costs about $1,615 a month in principal and interest. Over a 15-year term at 6.04 percent the payment rises to roughly $2,115. 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 6.71 percent costs about $331,347 in total interest — more than the amount borrowed. Choosing a 15-year term at 6.04 percent cuts that to roughly $130,709, a saving of about $200,639, 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 $1,615 payment for a $250,000 mortgage implies an income of roughly $69,208 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.