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

At the current 30-year fixed average of 6.58 percent, a $250,000 mortgage costs about $1,593 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 6.58 percent costs about $323,605 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 $194,841, 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 $1,593 payment for a $250,000 mortgage implies an income of roughly $68,286 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 $41 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

$1,593

Monthly payment

$573,605

Total of 360 payments

Jul, 2056

Loan payoff date

Loan balance over time

Balance Principal paid $250,000 Interest paid $323,605

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 6.58%: $323,605
Total interest, 15 years at 5.96%: $128,764
Income implied by the 28% rule: $68,286
Purchase price with 20% down: $312,500

Switching from a 30-year to a 15-year term on $250,000 saves about $194,841 in interest, at the cost of a higher monthly payment ($2,104 instead of $1,593). 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
Aug, 2026	$223	$1,371	$249,777
Sep, 2026	$224	$1,370	$249,554
Oct, 2026	$225	$1,368	$249,329
Nov, 2026	$226	$1,367	$249,103
Dec, 2026	$227	$1,366	$248,875
2026	$1,125	$6,842	$248,875
Jan, 2027	$229	$1,365	$248,646
Feb, 2027	$230	$1,363	$248,417
Mar, 2027	$231	$1,362	$248,185
Apr, 2027	$232	$1,361	$247,953
May, 2027	$234	$1,360	$247,719
Jun, 2027	$235	$1,358	$247,484
Jul, 2027	$236	$1,357	$247,248
Aug, 2027	$238	$1,356	$247,010
Sep, 2027	$239	$1,354	$246,771
Oct, 2027	$240	$1,353	$246,531
Nov, 2027	$242	$1,352	$246,290
Dec, 2027	$243	$1,350	$246,047
2027	$2,828	$16,292	$246,047
Jan, 2028	$244	$1,349	$245,803
Feb, 2028	$246	$1,348	$245,557
Mar, 2028	$247	$1,346	$245,310
Apr, 2028	$248	$1,345	$245,062
May, 2028	$250	$1,344	$244,812
Jun, 2028	$251	$1,342	$244,561
Jul, 2028	$252	$1,341	$244,309
Aug, 2028	$254	$1,340	$244,055
Sep, 2028	$255	$1,338	$243,800
Oct, 2028	$257	$1,337	$243,544
Nov, 2028	$258	$1,335	$243,286
Dec, 2028	$259	$1,334	$243,026
2028	$3,020	$16,100	$243,026
Jan, 2029	$261	$1,333	$242,766
Feb, 2029	$262	$1,331	$242,503
Mar, 2029	$264	$1,330	$242,240
Apr, 2029	$265	$1,328	$241,975
May, 2029	$267	$1,327	$241,708
Jun, 2029	$268	$1,325	$241,440
Jul, 2029	$269	$1,324	$241,171
Aug, 2029	$271	$1,322	$240,900
Sep, 2029	$272	$1,321	$240,628
Oct, 2029	$274	$1,319	$240,354
Nov, 2029	$275	$1,318	$240,078
Dec, 2029	$277	$1,316	$239,801
2029	$3,225	$15,895	$239,801
Jan, 2030	$278	$1,315	$239,523
Feb, 2030	$280	$1,313	$239,243
Mar, 2030	$281	$1,312	$238,961
Apr, 2030	$283	$1,310	$238,678
May, 2030	$285	$1,309	$238,394
Jun, 2030	$286	$1,307	$238,108
Jul, 2030	$288	$1,306	$237,820
Aug, 2030	$289	$1,304	$237,531
Sep, 2030	$291	$1,302	$237,240
Oct, 2030	$292	$1,301	$236,947
Nov, 2030	$294	$1,299	$236,653
Dec, 2030	$296	$1,298	$236,357
2030	$3,444	$15,676	$236,357
Jan, 2031	$297	$1,296	$236,060
Feb, 2031	$299	$1,294	$235,761
Mar, 2031	$301	$1,293	$235,461
Apr, 2031	$302	$1,291	$235,158
May, 2031	$304	$1,289	$234,854
Jun, 2031	$306	$1,288	$234,549
Jul, 2031	$307	$1,286	$234,242
Aug, 2031	$309	$1,284	$233,933
Sep, 2031	$311	$1,283	$233,622
Oct, 2031	$312	$1,281	$233,310
Nov, 2031	$314	$1,279	$232,996
Dec, 2031	$316	$1,278	$232,680
2031	$3,677	$15,443	$232,680
Jan, 2032	$317	$1,276	$232,363
Feb, 2032	$319	$1,274	$232,043
Mar, 2032	$321	$1,272	$231,722
Apr, 2032	$323	$1,271	$231,400
May, 2032	$325	$1,269	$231,075
Jun, 2032	$326	$1,267	$230,749
Jul, 2032	$328	$1,265	$230,421
Aug, 2032	$330	$1,263	$230,091
Sep, 2032	$332	$1,262	$229,759
Oct, 2032	$333	$1,260	$229,426
Nov, 2032	$335	$1,258	$229,090
Dec, 2032	$337	$1,256	$228,753
2032	$3,927	$15,193	$228,753
Jan, 2033	$339	$1,254	$228,414
Feb, 2033	$341	$1,252	$228,073
Mar, 2033	$343	$1,251	$227,731
Apr, 2033	$345	$1,249	$227,386
May, 2033	$347	$1,247	$227,039
Jun, 2033	$348	$1,245	$226,691
Jul, 2033	$350	$1,243	$226,341
Aug, 2033	$352	$1,241	$225,988
Sep, 2033	$354	$1,239	$225,634
Oct, 2033	$356	$1,237	$225,278
Nov, 2033	$358	$1,235	$224,920
Dec, 2033	$360	$1,233	$224,560
2033	$4,193	$14,927	$224,560
Jan, 2034	$362	$1,231	$224,198
Feb, 2034	$364	$1,229	$223,834
Mar, 2034	$366	$1,227	$223,468
Apr, 2034	$368	$1,225	$223,100
May, 2034	$370	$1,223	$222,730
Jun, 2034	$372	$1,221	$222,358
Jul, 2034	$374	$1,219	$221,984
Aug, 2034	$376	$1,217	$221,608
Sep, 2034	$378	$1,215	$221,230
Oct, 2034	$380	$1,213	$220,849
Nov, 2034	$382	$1,211	$220,467
Dec, 2034	$384	$1,209	$220,083
2034	$4,478	$14,643	$220,083
Jan, 2035	$387	$1,207	$219,696
Feb, 2035	$389	$1,205	$219,307
Mar, 2035	$391	$1,203	$218,916
Apr, 2035	$393	$1,200	$218,524
May, 2035	$395	$1,198	$218,128
Jun, 2035	$397	$1,196	$217,731
Jul, 2035	$399	$1,194	$217,332
Aug, 2035	$402	$1,192	$216,930
Sep, 2035	$404	$1,189	$216,526
Oct, 2035	$406	$1,187	$216,120
Nov, 2035	$408	$1,185	$215,712
Dec, 2035	$411	$1,183	$215,301
2035	$4,781	$14,339	$215,301
Jan, 2036	$413	$1,181	$214,889
Feb, 2036	$415	$1,178	$214,473
Mar, 2036	$417	$1,176	$214,056
Apr, 2036	$420	$1,174	$213,637
May, 2036	$422	$1,171	$213,215
Jun, 2036	$424	$1,169	$212,790
Jul, 2036	$427	$1,167	$212,364
Aug, 2036	$429	$1,164	$211,935
Sep, 2036	$431	$1,162	$211,504
Oct, 2036	$434	$1,160	$211,070
Nov, 2036	$436	$1,157	$210,634
Dec, 2036	$438	$1,155	$210,196
2036	$5,105	$14,015	$210,196
Jan, 2037	$441	$1,153	$209,755
Feb, 2037	$443	$1,150	$209,312
Mar, 2037	$446	$1,148	$208,866
Apr, 2037	$448	$1,145	$208,418
May, 2037	$451	$1,143	$207,968
Jun, 2037	$453	$1,140	$207,515
Jul, 2037	$455	$1,138	$207,059
Aug, 2037	$458	$1,135	$206,601
Sep, 2037	$460	$1,133	$206,141
Oct, 2037	$463	$1,130	$205,678
Nov, 2037	$466	$1,128	$205,212
Dec, 2037	$468	$1,125	$204,744
2037	$5,452	$13,668	$204,744
Jan, 2038	$471	$1,123	$204,273
Feb, 2038	$473	$1,120	$203,800
Mar, 2038	$476	$1,118	$203,324
Apr, 2038	$478	$1,115	$202,846
May, 2038	$481	$1,112	$202,365
Jun, 2038	$484	$1,110	$201,881
Jul, 2038	$486	$1,107	$201,395
Aug, 2038	$489	$1,104	$200,906
Sep, 2038	$492	$1,102	$200,414
Oct, 2038	$494	$1,099	$199,920
Nov, 2038	$497	$1,096	$199,422
Dec, 2038	$500	$1,093	$198,923
2038	$5,821	$13,299	$198,923
Jan, 2039	$503	$1,091	$198,420
Feb, 2039	$505	$1,088	$197,915
Mar, 2039	$508	$1,085	$197,407
Apr, 2039	$511	$1,082	$196,896
May, 2039	$514	$1,080	$196,382
Jun, 2039	$517	$1,077	$195,865
Jul, 2039	$519	$1,074	$195,346
Aug, 2039	$522	$1,071	$194,824
Sep, 2039	$525	$1,068	$194,299
Oct, 2039	$528	$1,065	$193,771
Nov, 2039	$531	$1,063	$193,240
Dec, 2039	$534	$1,060	$192,706
2039	$6,216	$12,904	$192,706
Jan, 2040	$537	$1,057	$192,170
Feb, 2040	$540	$1,054	$191,630
Mar, 2040	$543	$1,051	$191,087
Apr, 2040	$546	$1,048	$190,542
May, 2040	$549	$1,045	$189,993
Jun, 2040	$552	$1,042	$189,442
Jul, 2040	$555	$1,039	$188,887
Aug, 2040	$558	$1,036	$188,330
Sep, 2040	$561	$1,033	$187,769
Oct, 2040	$564	$1,030	$187,205
Nov, 2040	$567	$1,027	$186,638
Dec, 2040	$570	$1,023	$186,068
2040	$6,638	$12,482	$186,068
Jan, 2041	$573	$1,020	$185,495
Feb, 2041	$576	$1,017	$184,919
Mar, 2041	$579	$1,014	$184,340
Apr, 2041	$583	$1,011	$183,757
May, 2041	$586	$1,008	$183,171
Jun, 2041	$589	$1,004	$182,583
Jul, 2041	$592	$1,001	$181,990
Aug, 2041	$595	$998	$181,395
Sep, 2041	$599	$995	$180,796
Oct, 2041	$602	$991	$180,194
Nov, 2041	$605	$988	$179,589
Dec, 2041	$609	$985	$178,980
2041	$7,088	$12,032	$178,980
Jan, 2042	$612	$981	$178,368
Feb, 2042	$615	$978	$177,753
Mar, 2042	$619	$975	$177,134
Apr, 2042	$622	$971	$176,512
May, 2042	$625	$968	$175,887
Jun, 2042	$629	$964	$175,258
Jul, 2042	$632	$961	$174,626
Aug, 2042	$636	$958	$173,990
Sep, 2042	$639	$954	$173,351
Oct, 2042	$643	$951	$172,708
Nov, 2042	$646	$947	$172,061
Dec, 2042	$650	$943	$171,412
2042	$7,569	$11,551	$171,412
Jan, 2043	$653	$940	$170,758
Feb, 2043	$657	$936	$170,101
Mar, 2043	$661	$933	$169,440
Apr, 2043	$664	$929	$168,776
May, 2043	$668	$925	$168,108
Jun, 2043	$672	$922	$167,437
Jul, 2043	$675	$918	$166,762
Aug, 2043	$679	$914	$166,083
Sep, 2043	$683	$911	$165,400
Oct, 2043	$686	$907	$164,714
Nov, 2043	$690	$903	$164,023
Dec, 2043	$694	$899	$163,329
2043	$8,082	$11,038	$163,329
Jan, 2044	$698	$896	$162,632
Feb, 2044	$702	$892	$161,930
Mar, 2044	$705	$888	$161,225
Apr, 2044	$709	$884	$160,515
May, 2044	$713	$880	$159,802
Jun, 2044	$717	$876	$159,085
Jul, 2044	$721	$872	$158,364
Aug, 2044	$725	$868	$157,639
Sep, 2044	$729	$864	$156,910
Oct, 2044	$733	$860	$156,177
Nov, 2044	$737	$856	$155,440
Dec, 2044	$741	$852	$154,699
2044	$8,630	$10,490	$154,699
Jan, 2045	$745	$848	$153,954
Feb, 2045	$749	$844	$153,205
Mar, 2045	$753	$840	$152,452
Apr, 2045	$757	$836	$151,694
May, 2045	$762	$832	$150,933
Jun, 2045	$766	$828	$150,167
Jul, 2045	$770	$823	$149,397
Aug, 2045	$774	$819	$148,623
Sep, 2045	$778	$815	$147,844
Oct, 2045	$783	$811	$147,062
Nov, 2045	$787	$806	$146,275
Dec, 2045	$791	$802	$145,484
2045	$9,216	$9,905	$145,484
Jan, 2046	$796	$798	$144,688
Feb, 2046	$800	$793	$143,888
Mar, 2046	$804	$789	$143,084
Apr, 2046	$809	$785	$142,275
May, 2046	$813	$780	$141,462
Jun, 2046	$818	$776	$140,644
Jul, 2046	$822	$771	$139,822
Aug, 2046	$827	$767	$138,995
Sep, 2046	$831	$762	$138,164
Oct, 2046	$836	$758	$137,328
Nov, 2046	$840	$753	$136,488
Dec, 2046	$845	$748	$135,643
2046	$9,841	$9,280	$135,643
Jan, 2047	$850	$744	$134,793
Feb, 2047	$854	$739	$133,939
Mar, 2047	$859	$734	$133,080
Apr, 2047	$864	$730	$132,217
May, 2047	$868	$725	$131,348
Jun, 2047	$873	$720	$130,475
Jul, 2047	$878	$715	$129,597
Aug, 2047	$883	$711	$128,715
Sep, 2047	$888	$706	$127,827
Oct, 2047	$892	$701	$126,935
Nov, 2047	$897	$696	$126,037
Dec, 2047	$902	$691	$125,135
2047	$10,508	$8,612	$125,135
Jan, 2048	$907	$686	$124,228
Feb, 2048	$912	$681	$123,316
Mar, 2048	$917	$676	$122,398
Apr, 2048	$922	$671	$121,476
May, 2048	$927	$666	$120,549
Jun, 2048	$932	$661	$119,617
Jul, 2048	$937	$656	$118,679
Aug, 2048	$943	$651	$117,737
Sep, 2048	$948	$646	$116,789
Oct, 2048	$953	$640	$115,836
Nov, 2048	$958	$635	$114,878
Dec, 2048	$963	$630	$113,914
2048	$11,221	$7,899	$113,914
Jan, 2049	$969	$625	$112,946
Feb, 2049	$974	$619	$111,972
Mar, 2049	$979	$614	$110,992
Apr, 2049	$985	$609	$110,007
May, 2049	$990	$603	$109,017
Jun, 2049	$996	$598	$108,022
Jul, 2049	$1,001	$592	$107,021
Aug, 2049	$1,007	$587	$106,014
Sep, 2049	$1,012	$581	$105,002
Oct, 2049	$1,018	$576	$103,985
Nov, 2049	$1,023	$570	$102,961
Dec, 2049	$1,029	$565	$101,933
2049	$11,982	$7,138	$101,933
Jan, 2050	$1,034	$559	$100,898
Feb, 2050	$1,040	$553	$99,858
Mar, 2050	$1,046	$548	$98,812
Apr, 2050	$1,052	$542	$97,761
May, 2050	$1,057	$536	$96,704
Jun, 2050	$1,063	$530	$95,640
Jul, 2050	$1,069	$524	$94,572
Aug, 2050	$1,075	$519	$93,497
Sep, 2050	$1,081	$513	$92,416
Oct, 2050	$1,087	$507	$91,330
Nov, 2050	$1,093	$501	$90,237
Dec, 2050	$1,099	$495	$89,138
2050	$12,794	$6,326	$89,138
Jan, 2051	$1,105	$489	$88,034
Feb, 2051	$1,111	$483	$86,923
Mar, 2051	$1,117	$477	$85,806
Apr, 2051	$1,123	$471	$84,684
May, 2051	$1,129	$464	$83,555
Jun, 2051	$1,135	$458	$82,419
Jul, 2051	$1,141	$452	$81,278
Aug, 2051	$1,148	$446	$80,130
Sep, 2051	$1,154	$439	$78,976
Oct, 2051	$1,160	$433	$77,816
Nov, 2051	$1,167	$427	$76,649
Dec, 2051	$1,173	$420	$75,476
2051	$13,662	$5,458	$75,476
Jan, 2052	$1,179	$414	$74,297
Feb, 2052	$1,186	$407	$73,111
Mar, 2052	$1,192	$401	$71,919
Apr, 2052	$1,199	$394	$70,720
May, 2052	$1,206	$388	$69,514
Jun, 2052	$1,212	$381	$68,302
Jul, 2052	$1,219	$375	$67,083
Aug, 2052	$1,226	$368	$65,857
Sep, 2052	$1,232	$361	$64,625
Oct, 2052	$1,239	$354	$63,386
Nov, 2052	$1,246	$348	$62,140
Dec, 2052	$1,253	$341	$60,888
2052	$14,589	$4,532	$60,888
Jan, 2053	$1,259	$334	$59,628
Feb, 2053	$1,266	$327	$58,362
Mar, 2053	$1,273	$320	$57,089
Apr, 2053	$1,280	$313	$55,808
May, 2053	$1,287	$306	$54,521
Jun, 2053	$1,294	$299	$53,227
Jul, 2053	$1,301	$292	$51,925
Aug, 2053	$1,309	$285	$50,617
Sep, 2053	$1,316	$278	$49,301
Oct, 2053	$1,323	$270	$47,978
Nov, 2053	$1,330	$263	$46,647
Dec, 2053	$1,338	$256	$45,310
2053	$15,578	$3,542	$45,310
Jan, 2054	$1,345	$248	$43,965
Feb, 2054	$1,352	$241	$42,613
Mar, 2054	$1,360	$234	$41,253
Apr, 2054	$1,367	$226	$39,886
May, 2054	$1,375	$219	$38,511
Jun, 2054	$1,382	$211	$37,129
Jul, 2054	$1,390	$204	$35,739
Aug, 2054	$1,397	$196	$34,342
Sep, 2054	$1,405	$188	$32,937
Oct, 2054	$1,413	$181	$31,524
Nov, 2054	$1,420	$173	$30,104
Dec, 2054	$1,428	$165	$28,675
2054	$16,634	$2,486	$28,675
Jan, 2055	$1,436	$157	$27,239
Feb, 2055	$1,444	$149	$25,795
Mar, 2055	$1,452	$141	$24,343
Apr, 2055	$1,460	$133	$22,884
May, 2055	$1,468	$125	$21,416
Jun, 2055	$1,476	$117	$19,940
Jul, 2055	$1,484	$109	$18,456
Aug, 2055	$1,492	$101	$16,964
Sep, 2055	$1,500	$93	$15,463
Oct, 2055	$1,509	$85	$13,955
Nov, 2055	$1,517	$77	$12,438
Dec, 2055	$1,525	$68	$10,913
2055	$17,763	$1,357	$10,913
Jan, 2056	$1,534	$60	$9,379
Feb, 2056	$1,542	$51	$7,837
Mar, 2056	$1,550	$43	$6,287
Apr, 2056	$1,559	$34	$4,728
May, 2056	$1,567	$26	$3,161
Jun, 2056	$1,576	$17	$1,585
Jul, 2056	$1,585	$9	$0
2056	$10,913	$241	$0
Totals	$250,000	$323,605

$250,000 mortgage FAQ

What is the monthly payment on a $250,000 mortgage?: At the current 30-year fixed average of 6.58 percent, a $250,000 mortgage costs about $1,593 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 6.58 percent costs about $323,605 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 $194,841, 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 $1,593 payment for a $250,000 mortgage implies an income of roughly $68,286 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 $41 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.