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

At the current 30-year fixed average of 6.95 percent, a $250,000 mortgage costs about $1,655 a month in principal and interest. Over a 15-year term at 6.26 percent the payment rises to roughly $2,145. 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 6.95 percent costs about $345,753 in total interest — more than the amount borrowed. Choosing a 15-year term at 6.26 percent cuts that to roughly $136,086, a saving of about $209,668, 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 $1,655 payment for a $250,000 mortgage implies an income of roughly $70,923 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

$1,655

Monthly payment

$595,753

Total of 360 payments

Sep, 2056

Loan payoff date

Loan balance over time

Balance Principal paid $250,000 Interest paid $345,753

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 6.95%: $345,753
Total interest, 15 years at 6.26%: $136,086
Income implied by the 28% rule: $70,923
Purchase price with 20% down: $312,500

Switching from a 30-year to a 15-year term on $250,000 saves about $209,668 in interest, at the cost of a higher monthly payment ($2,145 instead of $1,655). 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	$207	$1,448	$249,793
Nov, 2026	$208	$1,447	$249,585
Dec, 2026	$209	$1,446	$249,376
2026	$624	$4,340	$249,376
Jan, 2027	$211	$1,444	$249,165
Feb, 2027	$212	$1,443	$248,953
Mar, 2027	$213	$1,442	$248,740
Apr, 2027	$214	$1,441	$248,526
May, 2027	$215	$1,439	$248,310
Jun, 2027	$217	$1,438	$248,094
Jul, 2027	$218	$1,437	$247,876
Aug, 2027	$219	$1,436	$247,656
Sep, 2027	$221	$1,434	$247,436
Oct, 2027	$222	$1,433	$247,214
Nov, 2027	$223	$1,432	$246,991
Dec, 2027	$224	$1,430	$246,767
2027	$2,609	$17,250	$246,767
Jan, 2028	$226	$1,429	$246,541
Feb, 2028	$227	$1,428	$246,314
Mar, 2028	$228	$1,427	$246,086
Apr, 2028	$230	$1,425	$245,856
May, 2028	$231	$1,424	$245,625
Jun, 2028	$232	$1,423	$245,393
Jul, 2028	$234	$1,421	$245,159
Aug, 2028	$235	$1,420	$244,924
Sep, 2028	$236	$1,419	$244,688
Oct, 2028	$238	$1,417	$244,450
Nov, 2028	$239	$1,416	$244,211
Dec, 2028	$240	$1,414	$243,971
2028	$2,796	$17,062	$243,971
Jan, 2029	$242	$1,413	$243,729
Feb, 2029	$243	$1,412	$243,485
Mar, 2029	$245	$1,410	$243,241
Apr, 2029	$246	$1,409	$242,995
May, 2029	$248	$1,407	$242,747
Jun, 2029	$249	$1,406	$242,498
Jul, 2029	$250	$1,404	$242,248
Aug, 2029	$252	$1,403	$241,996
Sep, 2029	$253	$1,402	$241,743
Oct, 2029	$255	$1,400	$241,488
Nov, 2029	$256	$1,399	$241,232
Dec, 2029	$258	$1,397	$240,974
2029	$2,997	$16,862	$240,974
Jan, 2030	$259	$1,396	$240,715
Feb, 2030	$261	$1,394	$240,454
Mar, 2030	$262	$1,393	$240,192
Apr, 2030	$264	$1,391	$239,928
May, 2030	$265	$1,390	$239,663
Jun, 2030	$267	$1,388	$239,396
Jul, 2030	$268	$1,387	$239,127
Aug, 2030	$270	$1,385	$238,857
Sep, 2030	$271	$1,383	$238,586
Oct, 2030	$273	$1,382	$238,313
Nov, 2030	$275	$1,380	$238,038
Dec, 2030	$276	$1,379	$237,762
2030	$3,212	$16,647	$237,762
Jan, 2031	$278	$1,377	$237,484
Feb, 2031	$279	$1,375	$237,205
Mar, 2031	$281	$1,374	$236,924
Apr, 2031	$283	$1,372	$236,641
May, 2031	$284	$1,371	$236,357
Jun, 2031	$286	$1,369	$236,071
Jul, 2031	$288	$1,367	$235,783
Aug, 2031	$289	$1,366	$235,494
Sep, 2031	$291	$1,364	$235,203
Oct, 2031	$293	$1,362	$234,910
Nov, 2031	$294	$1,361	$234,616
Dec, 2031	$296	$1,359	$234,320
2031	$3,442	$16,416	$234,320
Jan, 2032	$298	$1,357	$234,022
Feb, 2032	$299	$1,355	$233,722
Mar, 2032	$301	$1,354	$233,421
Apr, 2032	$303	$1,352	$233,118
May, 2032	$305	$1,350	$232,814
Jun, 2032	$306	$1,348	$232,507
Jul, 2032	$308	$1,347	$232,199
Aug, 2032	$310	$1,345	$231,889
Sep, 2032	$312	$1,343	$231,577
Oct, 2032	$314	$1,341	$231,263
Nov, 2032	$315	$1,339	$230,948
Dec, 2032	$317	$1,338	$230,630
2032	$3,689	$16,169	$230,630
Jan, 2033	$319	$1,336	$230,311
Feb, 2033	$321	$1,334	$229,990
Mar, 2033	$323	$1,332	$229,668
Apr, 2033	$325	$1,330	$229,343
May, 2033	$327	$1,328	$229,016
Jun, 2033	$328	$1,326	$228,688
Jul, 2033	$330	$1,324	$228,357
Aug, 2033	$332	$1,323	$228,025
Sep, 2033	$334	$1,321	$227,691
Oct, 2033	$336	$1,319	$227,355
Nov, 2033	$338	$1,317	$227,017
Dec, 2033	$340	$1,315	$226,676
2033	$3,954	$15,904	$226,676
Jan, 2034	$342	$1,313	$226,334
Feb, 2034	$344	$1,311	$225,990
Mar, 2034	$346	$1,309	$225,644
Apr, 2034	$348	$1,307	$225,296
May, 2034	$350	$1,305	$224,946
Jun, 2034	$352	$1,303	$224,594
Jul, 2034	$354	$1,301	$224,240
Aug, 2034	$356	$1,299	$223,884
Sep, 2034	$358	$1,297	$223,526
Oct, 2034	$360	$1,295	$223,166
Nov, 2034	$362	$1,293	$222,803
Dec, 2034	$364	$1,290	$222,439
2034	$4,238	$15,621	$222,439
Jan, 2035	$367	$1,288	$222,072
Feb, 2035	$369	$1,286	$221,703
Mar, 2035	$371	$1,284	$221,333
Apr, 2035	$373	$1,282	$220,960
May, 2035	$375	$1,280	$220,585
Jun, 2035	$377	$1,278	$220,207
Jul, 2035	$380	$1,275	$219,828
Aug, 2035	$382	$1,273	$219,446
Sep, 2035	$384	$1,271	$219,062
Oct, 2035	$386	$1,269	$218,676
Nov, 2035	$388	$1,266	$218,288
Dec, 2035	$391	$1,264	$217,897
2035	$4,542	$15,317	$217,897
Jan, 2036	$393	$1,262	$217,504
Feb, 2036	$395	$1,260	$217,109
Mar, 2036	$397	$1,257	$216,711
Apr, 2036	$400	$1,255	$216,312
May, 2036	$402	$1,253	$215,910
Jun, 2036	$404	$1,250	$215,505
Jul, 2036	$407	$1,248	$215,099
Aug, 2036	$409	$1,246	$214,689
Sep, 2036	$411	$1,243	$214,278
Oct, 2036	$414	$1,241	$213,864
Nov, 2036	$416	$1,239	$213,448
Dec, 2036	$419	$1,236	$213,029
2036	$4,868	$14,991	$213,029
Jan, 2037	$421	$1,234	$212,608
Feb, 2037	$424	$1,231	$212,185
Mar, 2037	$426	$1,229	$211,759
Apr, 2037	$428	$1,226	$211,330
May, 2037	$431	$1,224	$210,899
Jun, 2037	$433	$1,221	$210,466
Jul, 2037	$436	$1,219	$210,030
Aug, 2037	$438	$1,216	$209,592
Sep, 2037	$441	$1,214	$209,151
Oct, 2037	$444	$1,211	$208,707
Nov, 2037	$446	$1,209	$208,261
Dec, 2037	$449	$1,206	$207,812
2037	$5,217	$14,641	$207,812
Jan, 2038	$451	$1,204	$207,361
Feb, 2038	$454	$1,201	$206,907
Mar, 2038	$457	$1,198	$206,450
Apr, 2038	$459	$1,196	$205,991
May, 2038	$462	$1,193	$205,529
Jun, 2038	$465	$1,190	$205,065
Jul, 2038	$467	$1,188	$204,598
Aug, 2038	$470	$1,185	$204,128
Sep, 2038	$473	$1,182	$203,655
Oct, 2038	$475	$1,180	$203,180
Nov, 2038	$478	$1,177	$202,702
Dec, 2038	$481	$1,174	$202,221
2038	$5,591	$14,267	$202,221
Jan, 2039	$484	$1,171	$201,737
Feb, 2039	$486	$1,168	$201,251
Mar, 2039	$489	$1,166	$200,761
Apr, 2039	$492	$1,163	$200,269
May, 2039	$495	$1,160	$199,774
Jun, 2039	$498	$1,157	$199,276
Jul, 2039	$501	$1,154	$198,776
Aug, 2039	$504	$1,151	$198,272
Sep, 2039	$507	$1,148	$197,766
Oct, 2039	$509	$1,145	$197,256
Nov, 2039	$512	$1,142	$196,744
Dec, 2039	$515	$1,139	$196,228
2039	$5,993	$13,866	$196,228
Jan, 2040	$518	$1,136	$195,710
Feb, 2040	$521	$1,133	$195,188
Mar, 2040	$524	$1,130	$194,664
Apr, 2040	$527	$1,127	$194,137
May, 2040	$530	$1,124	$193,606
Jun, 2040	$534	$1,121	$193,073
Jul, 2040	$537	$1,118	$192,536
Aug, 2040	$540	$1,115	$191,996
Sep, 2040	$543	$1,112	$191,453
Oct, 2040	$546	$1,109	$190,907
Nov, 2040	$549	$1,106	$190,358
Dec, 2040	$552	$1,102	$189,806
2040	$6,423	$13,436	$189,806
Jan, 2041	$556	$1,099	$189,250
Feb, 2041	$559	$1,096	$188,691
Mar, 2041	$562	$1,093	$188,129
Apr, 2041	$565	$1,090	$187,564
May, 2041	$569	$1,086	$186,995
Jun, 2041	$572	$1,083	$186,424
Jul, 2041	$575	$1,080	$185,848
Aug, 2041	$578	$1,076	$185,270
Sep, 2041	$582	$1,073	$184,688
Oct, 2041	$585	$1,070	$184,103
Nov, 2041	$589	$1,066	$183,514
Dec, 2041	$592	$1,063	$182,922
2041	$6,883	$12,975	$182,922
Jan, 2042	$595	$1,059	$182,327
Feb, 2042	$599	$1,056	$181,728
Mar, 2042	$602	$1,053	$181,125
Apr, 2042	$606	$1,049	$180,520
May, 2042	$609	$1,046	$179,910
Jun, 2042	$613	$1,042	$179,297
Jul, 2042	$616	$1,038	$178,681
Aug, 2042	$620	$1,035	$178,061
Sep, 2042	$624	$1,031	$177,437
Oct, 2042	$627	$1,028	$176,810
Nov, 2042	$631	$1,024	$176,179
Dec, 2042	$634	$1,020	$175,545
2042	$7,377	$12,481	$175,545
Jan, 2043	$638	$1,017	$174,907
Feb, 2043	$642	$1,013	$174,265
Mar, 2043	$646	$1,009	$173,619
Apr, 2043	$649	$1,006	$172,970
May, 2043	$653	$1,002	$172,317
Jun, 2043	$657	$998	$171,660
Jul, 2043	$661	$994	$170,999
Aug, 2043	$664	$990	$170,335
Sep, 2043	$668	$987	$169,666
Oct, 2043	$672	$983	$168,994
Nov, 2043	$676	$979	$168,318
Dec, 2043	$680	$975	$167,638
2043	$7,907	$11,952	$167,638
Jan, 2044	$684	$971	$166,954
Feb, 2044	$688	$967	$166,266
Mar, 2044	$692	$963	$165,574
Apr, 2044	$696	$959	$164,878
May, 2044	$700	$955	$164,178
Jun, 2044	$704	$951	$163,474
Jul, 2044	$708	$947	$162,766
Aug, 2044	$712	$943	$162,054
Sep, 2044	$716	$939	$161,338
Oct, 2044	$720	$934	$160,617
Nov, 2044	$725	$930	$159,893
Dec, 2044	$729	$926	$159,164
2044	$8,474	$11,384	$159,164
Jan, 2045	$733	$922	$158,431
Feb, 2045	$737	$918	$157,693
Mar, 2045	$742	$913	$156,952
Apr, 2045	$746	$909	$156,206
May, 2045	$750	$905	$155,456
Jun, 2045	$755	$900	$154,701
Jul, 2045	$759	$896	$153,942
Aug, 2045	$763	$892	$153,179
Sep, 2045	$768	$887	$152,411
Oct, 2045	$772	$883	$151,639
Nov, 2045	$777	$878	$150,863
Dec, 2045	$781	$874	$150,082
2045	$9,082	$10,776	$150,082
Jan, 2046	$786	$869	$149,296
Feb, 2046	$790	$865	$148,506
Mar, 2046	$795	$860	$147,711
Apr, 2046	$799	$855	$146,912
May, 2046	$804	$851	$146,108
Jun, 2046	$809	$846	$145,299
Jul, 2046	$813	$842	$144,486
Aug, 2046	$818	$837	$143,668
Sep, 2046	$823	$832	$142,845
Oct, 2046	$828	$827	$142,017
Nov, 2046	$832	$823	$141,185
Dec, 2046	$837	$818	$140,348
2046	$9,734	$10,124	$140,348
Jan, 2047	$842	$813	$139,506
Feb, 2047	$847	$808	$138,659
Mar, 2047	$852	$803	$137,807
Apr, 2047	$857	$798	$136,950
May, 2047	$862	$793	$136,088
Jun, 2047	$867	$788	$135,222
Jul, 2047	$872	$783	$134,350
Aug, 2047	$877	$778	$133,473
Sep, 2047	$882	$773	$132,591
Oct, 2047	$887	$768	$131,705
Nov, 2047	$892	$763	$130,812
Dec, 2047	$897	$758	$129,915
2047	$10,432	$9,426	$129,915
Jan, 2048	$902	$752	$129,013
Feb, 2048	$908	$747	$128,105
Mar, 2048	$913	$742	$127,192
Apr, 2048	$918	$737	$126,274
May, 2048	$924	$731	$125,350
Jun, 2048	$929	$726	$124,422
Jul, 2048	$934	$721	$123,487
Aug, 2048	$940	$715	$122,548
Sep, 2048	$945	$710	$121,602
Oct, 2048	$951	$704	$120,652
Nov, 2048	$956	$699	$119,696
Dec, 2048	$962	$693	$118,734
2048	$11,181	$8,677	$118,734
Jan, 2049	$967	$688	$117,767
Feb, 2049	$973	$682	$116,794
Mar, 2049	$978	$676	$115,816
Apr, 2049	$984	$671	$114,832
May, 2049	$990	$665	$113,842
Jun, 2049	$996	$659	$112,846
Jul, 2049	$1,001	$654	$111,845
Aug, 2049	$1,007	$648	$110,838
Sep, 2049	$1,013	$642	$109,825
Oct, 2049	$1,019	$636	$108,806
Nov, 2049	$1,025	$630	$107,781
Dec, 2049	$1,031	$624	$106,751
2049	$11,983	$7,875	$106,751
Jan, 2050	$1,037	$618	$105,714
Feb, 2050	$1,043	$612	$104,672
Mar, 2050	$1,049	$606	$103,623
Apr, 2050	$1,055	$600	$102,568
May, 2050	$1,061	$594	$101,507
Jun, 2050	$1,067	$588	$100,440
Jul, 2050	$1,073	$582	$99,367
Aug, 2050	$1,079	$576	$98,288
Sep, 2050	$1,086	$569	$97,202
Oct, 2050	$1,092	$563	$96,110
Nov, 2050	$1,098	$557	$95,012
Dec, 2050	$1,105	$550	$93,908
2050	$12,843	$7,015	$93,908
Jan, 2051	$1,111	$544	$92,797
Feb, 2051	$1,117	$537	$91,679
Mar, 2051	$1,124	$531	$90,555
Apr, 2051	$1,130	$524	$89,425
May, 2051	$1,137	$518	$88,288
Jun, 2051	$1,144	$511	$87,144
Jul, 2051	$1,150	$505	$85,994
Aug, 2051	$1,157	$498	$84,837
Sep, 2051	$1,164	$491	$83,674
Oct, 2051	$1,170	$485	$82,504
Nov, 2051	$1,177	$478	$81,327
Dec, 2051	$1,184	$471	$80,143
2051	$13,765	$6,094	$80,143
Jan, 2052	$1,191	$464	$78,952
Feb, 2052	$1,198	$457	$77,754
Mar, 2052	$1,205	$450	$76,550
Apr, 2052	$1,212	$443	$75,338
May, 2052	$1,219	$436	$74,120
Jun, 2052	$1,226	$429	$72,894
Jul, 2052	$1,233	$422	$71,662
Aug, 2052	$1,240	$415	$70,422
Sep, 2052	$1,247	$408	$69,175
Oct, 2052	$1,254	$401	$67,920
Nov, 2052	$1,261	$393	$66,659
Dec, 2052	$1,269	$386	$65,390
2052	$14,753	$5,106	$65,390
Jan, 2053	$1,276	$379	$64,114
Feb, 2053	$1,284	$371	$62,830
Mar, 2053	$1,291	$364	$61,539
Apr, 2053	$1,298	$356	$60,241
May, 2053	$1,306	$349	$58,935
Jun, 2053	$1,314	$341	$57,622
Jul, 2053	$1,321	$334	$56,300
Aug, 2053	$1,329	$326	$54,972
Sep, 2053	$1,336	$318	$53,635
Oct, 2053	$1,344	$311	$52,291
Nov, 2053	$1,352	$303	$50,939
Dec, 2053	$1,360	$295	$49,579
2053	$15,811	$4,047	$49,579
Jan, 2054	$1,368	$287	$48,211
Feb, 2054	$1,376	$279	$46,836
Mar, 2054	$1,384	$271	$45,452
Apr, 2054	$1,392	$263	$44,060
May, 2054	$1,400	$255	$42,661
Jun, 2054	$1,408	$247	$41,253
Jul, 2054	$1,416	$239	$39,837
Aug, 2054	$1,424	$231	$38,413
Sep, 2054	$1,432	$222	$36,980
Oct, 2054	$1,441	$214	$35,540
Nov, 2054	$1,449	$206	$34,091
Dec, 2054	$1,457	$197	$32,633
2054	$16,946	$2,913	$32,633
Jan, 2055	$1,466	$189	$31,167
Feb, 2055	$1,474	$181	$29,693
Mar, 2055	$1,483	$172	$28,210
Apr, 2055	$1,491	$163	$26,719
May, 2055	$1,500	$155	$25,219
Jun, 2055	$1,509	$146	$23,710
Jul, 2055	$1,518	$137	$22,192
Aug, 2055	$1,526	$129	$20,666
Sep, 2055	$1,535	$120	$19,131
Oct, 2055	$1,544	$111	$17,587
Nov, 2055	$1,553	$102	$16,034
Dec, 2055	$1,562	$93	$14,472
2055	$18,162	$1,697	$14,472
Jan, 2056	$1,571	$84	$12,900
Feb, 2056	$1,580	$75	$11,320
Mar, 2056	$1,589	$66	$9,731
Apr, 2056	$1,599	$56	$8,133
May, 2056	$1,608	$47	$6,525
Jun, 2056	$1,617	$38	$4,908
Jul, 2056	$1,626	$28	$3,281
Aug, 2056	$1,636	$19	$1,645
Sep, 2056	$1,645	$10	$0
2056	$14,472	$422	$0
Totals	$250,000	$345,753

$250,000 mortgage FAQ

What is the monthly payment on a $250,000 mortgage?: At the current 30-year fixed average of 6.95 percent, a $250,000 mortgage costs about $1,655 a month in principal and interest. Over a 15-year term at 6.26 percent the payment rises to roughly $2,145. 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 6.95 percent costs about $345,753 in total interest — more than the amount borrowed. Choosing a 15-year term at 6.26 percent cuts that to roughly $136,086, a saving of about $209,668, 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 $1,655 payment for a $250,000 mortgage implies an income of roughly $70,923 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.