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

At the current 30-year fixed average of 7.28 percent, a $250,000 mortgage costs about $1,711 a month in principal and interest. Over a 15-year term at 6.60 percent the payment rises to roughly $2,192. 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 7.28 percent costs about $365,791 in total interest — more than the amount borrowed. Choosing a 15-year term at 6.60 percent cuts that to roughly $144,476, a saving of about $221,315, 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 $1,711 payment for a $250,000 mortgage implies an income of roughly $73,308 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

$1,711

Monthly payment

$615,791

Total of 360 payments

Oct, 2056

Loan payoff date

Loan balance over time

Balance Principal paid $250,000 Interest paid $365,791

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 7.28%: $365,791
Total interest, 15 years at 6.60%: $144,476
Income implied by the 28% rule: $73,308
Purchase price with 20% down: $312,500

Switching from a 30-year to a 15-year term on $250,000 saves about $221,315 in interest, at the cost of a higher monthly payment ($2,192 instead of $1,711). 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	$194	$1,517	$249,806
Dec, 2026	$195	$1,515	$249,611
2026	$389	$3,032	$249,611
Jan, 2027	$196	$1,514	$249,415
Feb, 2027	$197	$1,513	$249,217
Mar, 2027	$199	$1,512	$249,019
Apr, 2027	$200	$1,511	$248,819
May, 2027	$201	$1,510	$248,618
Jun, 2027	$202	$1,508	$248,416
Jul, 2027	$203	$1,507	$248,212
Aug, 2027	$205	$1,506	$248,008
Sep, 2027	$206	$1,505	$247,802
Oct, 2027	$207	$1,503	$247,594
Nov, 2027	$208	$1,502	$247,386
Dec, 2027	$210	$1,501	$247,176
2027	$2,435	$18,092	$247,176
Jan, 2028	$211	$1,500	$246,965
Feb, 2028	$212	$1,498	$246,753
Mar, 2028	$214	$1,497	$246,539
Apr, 2028	$215	$1,496	$246,325
May, 2028	$216	$1,494	$246,108
Jun, 2028	$217	$1,493	$245,891
Jul, 2028	$219	$1,492	$245,672
Aug, 2028	$220	$1,490	$245,452
Sep, 2028	$221	$1,489	$245,231
Oct, 2028	$223	$1,488	$245,008
Nov, 2028	$224	$1,486	$244,784
Dec, 2028	$226	$1,485	$244,558
2028	$2,618	$17,908	$244,558
Jan, 2029	$227	$1,484	$244,331
Feb, 2029	$228	$1,482	$244,103
Mar, 2029	$230	$1,481	$243,873
Apr, 2029	$231	$1,479	$243,642
May, 2029	$232	$1,478	$243,410
Jun, 2029	$234	$1,477	$243,176
Jul, 2029	$235	$1,475	$242,941
Aug, 2029	$237	$1,474	$242,704
Sep, 2029	$238	$1,472	$242,466
Oct, 2029	$240	$1,471	$242,226
Nov, 2029	$241	$1,470	$241,985
Dec, 2029	$242	$1,468	$241,743
2029	$2,815	$17,711	$241,743
Jan, 2030	$244	$1,467	$241,499
Feb, 2030	$245	$1,465	$241,253
Mar, 2030	$247	$1,464	$241,007
Apr, 2030	$248	$1,462	$240,758
May, 2030	$250	$1,461	$240,508
Jun, 2030	$251	$1,459	$240,257
Jul, 2030	$253	$1,458	$240,004
Aug, 2030	$255	$1,456	$239,749
Sep, 2030	$256	$1,454	$239,493
Oct, 2030	$258	$1,453	$239,236
Nov, 2030	$259	$1,451	$238,976
Dec, 2030	$261	$1,450	$238,716
2030	$3,027	$17,499	$238,716
Jan, 2031	$262	$1,448	$238,453
Feb, 2031	$264	$1,447	$238,189
Mar, 2031	$266	$1,445	$237,924
Apr, 2031	$267	$1,443	$237,657
May, 2031	$269	$1,442	$237,388
Jun, 2031	$270	$1,440	$237,118
Jul, 2031	$272	$1,439	$236,846
Aug, 2031	$274	$1,437	$236,572
Sep, 2031	$275	$1,435	$236,297
Oct, 2031	$277	$1,434	$236,020
Nov, 2031	$279	$1,432	$235,741
Dec, 2031	$280	$1,430	$235,461
2031	$3,255	$17,271	$235,461
Jan, 2032	$282	$1,428	$235,179
Feb, 2032	$284	$1,427	$234,895
Mar, 2032	$286	$1,425	$234,609
Apr, 2032	$287	$1,423	$234,322
May, 2032	$289	$1,422	$234,033
Jun, 2032	$291	$1,420	$233,742
Jul, 2032	$292	$1,418	$233,450
Aug, 2032	$294	$1,416	$233,156
Sep, 2032	$296	$1,414	$232,860
Oct, 2032	$298	$1,413	$232,562
Nov, 2032	$300	$1,411	$232,262
Dec, 2032	$301	$1,409	$231,961
2032	$3,500	$17,026	$231,961
Jan, 2033	$303	$1,407	$231,657
Feb, 2033	$305	$1,405	$231,352
Mar, 2033	$307	$1,404	$231,045
Apr, 2033	$309	$1,402	$230,736
May, 2033	$311	$1,400	$230,425
Jun, 2033	$313	$1,398	$230,113
Jul, 2033	$315	$1,396	$229,798
Aug, 2033	$316	$1,394	$229,482
Sep, 2033	$318	$1,392	$229,164
Oct, 2033	$320	$1,390	$228,843
Nov, 2033	$322	$1,388	$228,521
Dec, 2033	$324	$1,386	$228,197
2033	$3,764	$16,763	$228,197
Jan, 2034	$326	$1,384	$227,871
Feb, 2034	$328	$1,382	$227,543
Mar, 2034	$330	$1,380	$227,213
Apr, 2034	$332	$1,378	$226,880
May, 2034	$334	$1,376	$226,546
Jun, 2034	$336	$1,374	$226,210
Jul, 2034	$338	$1,372	$225,872
Aug, 2034	$340	$1,370	$225,532
Sep, 2034	$342	$1,368	$225,189
Oct, 2034	$344	$1,366	$224,845
Nov, 2034	$346	$1,364	$224,499
Dec, 2034	$349	$1,362	$224,150
2034	$4,047	$16,479	$224,150
Jan, 2035	$351	$1,360	$223,799
Feb, 2035	$353	$1,358	$223,447
Mar, 2035	$355	$1,356	$223,092
Apr, 2035	$357	$1,353	$222,734
May, 2035	$359	$1,351	$222,375
Jun, 2035	$361	$1,349	$222,014
Jul, 2035	$364	$1,347	$221,650
Aug, 2035	$366	$1,345	$221,284
Sep, 2035	$368	$1,342	$220,916
Oct, 2035	$370	$1,340	$220,546
Nov, 2035	$373	$1,338	$220,173
Dec, 2035	$375	$1,336	$219,799
2035	$4,352	$16,175	$219,799
Jan, 2036	$377	$1,333	$219,421
Feb, 2036	$379	$1,331	$219,042
Mar, 2036	$382	$1,329	$218,660
Apr, 2036	$384	$1,327	$218,276
May, 2036	$386	$1,324	$217,890
Jun, 2036	$389	$1,322	$217,501
Jul, 2036	$391	$1,320	$217,110
Aug, 2036	$393	$1,317	$216,717
Sep, 2036	$396	$1,315	$216,321
Oct, 2036	$398	$1,312	$215,923
Nov, 2036	$401	$1,310	$215,522
Dec, 2036	$403	$1,308	$215,119
2036	$4,679	$15,847	$215,119
Jan, 2037	$405	$1,305	$214,714
Feb, 2037	$408	$1,303	$214,306
Mar, 2037	$410	$1,300	$213,896
Apr, 2037	$413	$1,298	$213,483
May, 2037	$415	$1,295	$213,067
Jun, 2037	$418	$1,293	$212,649
Jul, 2037	$420	$1,290	$212,229
Aug, 2037	$423	$1,288	$211,806
Sep, 2037	$426	$1,285	$211,380
Oct, 2037	$428	$1,282	$210,952
Nov, 2037	$431	$1,280	$210,521
Dec, 2037	$433	$1,277	$210,088
2037	$5,031	$15,495	$210,088
Jan, 2038	$436	$1,275	$209,652
Feb, 2038	$439	$1,272	$209,213
Mar, 2038	$441	$1,269	$208,772
Apr, 2038	$444	$1,267	$208,328
May, 2038	$447	$1,264	$207,881
Jun, 2038	$449	$1,261	$207,432
Jul, 2038	$452	$1,258	$206,980
Aug, 2038	$455	$1,256	$206,525
Sep, 2038	$458	$1,253	$206,067
Oct, 2038	$460	$1,250	$205,607
Nov, 2038	$463	$1,247	$205,144
Dec, 2038	$466	$1,245	$204,678
2038	$5,410	$15,116	$204,678
Jan, 2039	$469	$1,242	$204,209
Feb, 2039	$472	$1,239	$203,737
Mar, 2039	$475	$1,236	$203,263
Apr, 2039	$477	$1,233	$202,786
May, 2039	$480	$1,230	$202,305
Jun, 2039	$483	$1,227	$201,822
Jul, 2039	$486	$1,224	$201,336
Aug, 2039	$489	$1,221	$200,847
Sep, 2039	$492	$1,218	$200,355
Oct, 2039	$495	$1,215	$199,860
Nov, 2039	$498	$1,212	$199,362
Dec, 2039	$501	$1,209	$198,861
2039	$5,817	$14,709	$198,861
Jan, 2040	$504	$1,206	$198,356
Feb, 2040	$507	$1,203	$197,849
Mar, 2040	$510	$1,200	$197,339
Apr, 2040	$513	$1,197	$196,826
May, 2040	$516	$1,194	$196,309
Jun, 2040	$520	$1,191	$195,790
Jul, 2040	$523	$1,188	$195,267
Aug, 2040	$526	$1,185	$194,741
Sep, 2040	$529	$1,181	$194,212
Oct, 2040	$532	$1,178	$193,680
Nov, 2040	$536	$1,175	$193,144
Dec, 2040	$539	$1,172	$192,605
2040	$6,255	$14,271	$192,605
Jan, 2041	$542	$1,168	$192,063
Feb, 2041	$545	$1,165	$191,518
Mar, 2041	$549	$1,162	$190,969
Apr, 2041	$552	$1,159	$190,417
May, 2041	$555	$1,155	$189,862
Jun, 2041	$559	$1,152	$189,303
Jul, 2041	$562	$1,148	$188,741
Aug, 2041	$566	$1,145	$188,176
Sep, 2041	$569	$1,142	$187,607
Oct, 2041	$572	$1,138	$187,034
Nov, 2041	$576	$1,135	$186,458
Dec, 2041	$579	$1,131	$185,879
2041	$6,726	$13,800	$185,879
Jan, 2042	$583	$1,128	$185,296
Feb, 2042	$586	$1,124	$184,710
Mar, 2042	$590	$1,121	$184,120
Apr, 2042	$594	$1,117	$183,526
May, 2042	$597	$1,113	$182,929
Jun, 2042	$601	$1,110	$182,328
Jul, 2042	$604	$1,106	$181,724
Aug, 2042	$608	$1,102	$181,116
Sep, 2042	$612	$1,099	$180,504
Oct, 2042	$615	$1,095	$179,889
Nov, 2042	$619	$1,091	$179,269
Dec, 2042	$623	$1,088	$178,647
2042	$7,233	$13,294	$178,647
Jan, 2043	$627	$1,084	$178,020
Feb, 2043	$631	$1,080	$177,389
Mar, 2043	$634	$1,076	$176,755
Apr, 2043	$638	$1,072	$176,117
May, 2043	$642	$1,068	$175,475
Jun, 2043	$646	$1,065	$174,829
Jul, 2043	$650	$1,061	$174,179
Aug, 2043	$654	$1,057	$173,525
Sep, 2043	$658	$1,053	$172,867
Oct, 2043	$662	$1,049	$172,205
Nov, 2043	$666	$1,045	$171,539
Dec, 2043	$670	$1,041	$170,870
2043	$7,777	$12,749	$170,870
Jan, 2044	$674	$1,037	$170,196
Feb, 2044	$678	$1,033	$169,518
Mar, 2044	$682	$1,028	$168,835
Apr, 2044	$686	$1,024	$168,149
May, 2044	$690	$1,020	$167,459
Jun, 2044	$695	$1,016	$166,764
Jul, 2044	$699	$1,012	$166,065
Aug, 2044	$703	$1,007	$165,362
Sep, 2044	$707	$1,003	$164,655
Oct, 2044	$712	$999	$163,943
Nov, 2044	$716	$995	$163,227
Dec, 2044	$720	$990	$162,507
2044	$8,362	$12,164	$162,507
Jan, 2045	$725	$986	$161,782
Feb, 2045	$729	$981	$161,053
Mar, 2045	$733	$977	$160,320
Apr, 2045	$738	$973	$159,582
May, 2045	$742	$968	$158,840
Jun, 2045	$747	$964	$158,093
Jul, 2045	$751	$959	$157,341
Aug, 2045	$756	$955	$156,585
Sep, 2045	$761	$950	$155,825
Oct, 2045	$765	$945	$155,059
Nov, 2045	$770	$941	$154,290
Dec, 2045	$775	$936	$153,515
2045	$8,992	$11,534	$153,515
Jan, 2046	$779	$931	$152,736
Feb, 2046	$784	$927	$151,952
Mar, 2046	$789	$922	$151,163
Apr, 2046	$793	$917	$150,370
May, 2046	$798	$912	$149,572
Jun, 2046	$803	$907	$148,768
Jul, 2046	$808	$903	$147,960
Aug, 2046	$813	$898	$147,148
Sep, 2046	$818	$893	$146,330
Oct, 2046	$823	$888	$145,507
Nov, 2046	$828	$883	$144,679
Dec, 2046	$833	$878	$143,846
2046	$9,669	$10,858	$143,846
Jan, 2047	$838	$873	$143,008
Feb, 2047	$843	$868	$142,165
Mar, 2047	$848	$862	$141,317
Apr, 2047	$853	$857	$140,464
May, 2047	$858	$852	$139,606
Jun, 2047	$864	$847	$138,742
Jul, 2047	$869	$842	$137,873
Aug, 2047	$874	$836	$136,999
Sep, 2047	$879	$831	$136,120
Oct, 2047	$885	$826	$135,235
Nov, 2047	$890	$820	$134,345
Dec, 2047	$896	$815	$133,450
2047	$10,397	$10,130	$133,450
Jan, 2048	$901	$810	$132,549
Feb, 2048	$906	$804	$131,642
Mar, 2048	$912	$799	$130,730
Apr, 2048	$917	$793	$129,813
May, 2048	$923	$788	$128,890
Jun, 2048	$929	$782	$127,961
Jul, 2048	$934	$776	$127,027
Aug, 2048	$940	$771	$126,087
Sep, 2048	$946	$765	$125,142
Oct, 2048	$951	$759	$124,190
Nov, 2048	$957	$753	$123,233
Dec, 2048	$963	$748	$122,270
2048	$11,179	$9,347	$122,270
Jan, 2049	$969	$742	$121,301
Feb, 2049	$975	$736	$120,327
Mar, 2049	$981	$730	$119,346
Apr, 2049	$986	$724	$118,360
May, 2049	$992	$718	$117,367
Jun, 2049	$999	$712	$116,369
Jul, 2049	$1,005	$706	$115,364
Aug, 2049	$1,011	$700	$114,354
Sep, 2049	$1,017	$694	$113,337
Oct, 2049	$1,023	$688	$112,314
Nov, 2049	$1,029	$681	$111,285
Dec, 2049	$1,035	$675	$110,249
2049	$12,021	$8,505	$110,249
Jan, 2050	$1,042	$669	$109,208
Feb, 2050	$1,048	$663	$108,160
Mar, 2050	$1,054	$656	$107,105
Apr, 2050	$1,061	$650	$106,044
May, 2050	$1,067	$643	$104,977
Jun, 2050	$1,074	$637	$103,904
Jul, 2050	$1,080	$630	$102,823
Aug, 2050	$1,087	$624	$101,737
Sep, 2050	$1,093	$617	$100,643
Oct, 2050	$1,100	$611	$99,543
Nov, 2050	$1,107	$604	$98,437
Dec, 2050	$1,113	$597	$97,323
2050	$12,926	$7,601	$97,323
Jan, 2051	$1,120	$590	$96,203
Feb, 2051	$1,127	$584	$95,076
Mar, 2051	$1,134	$577	$93,943
Apr, 2051	$1,141	$570	$92,802
May, 2051	$1,148	$563	$91,654
Jun, 2051	$1,154	$556	$90,500
Jul, 2051	$1,161	$549	$89,339
Aug, 2051	$1,169	$542	$88,170
Sep, 2051	$1,176	$535	$86,994
Oct, 2051	$1,183	$528	$85,812
Nov, 2051	$1,190	$521	$84,622
Dec, 2051	$1,197	$513	$83,424
2051	$13,899	$6,627	$83,424
Jan, 2052	$1,204	$506	$82,220
Feb, 2052	$1,212	$499	$81,008
Mar, 2052	$1,219	$491	$79,789
Apr, 2052	$1,226	$484	$78,563
May, 2052	$1,234	$477	$77,329
Jun, 2052	$1,241	$469	$76,087
Jul, 2052	$1,249	$462	$74,839
Aug, 2052	$1,257	$454	$73,582
Sep, 2052	$1,264	$446	$72,318
Oct, 2052	$1,272	$439	$71,046
Nov, 2052	$1,280	$431	$69,767
Dec, 2052	$1,287	$423	$68,479
2052	$14,945	$5,581	$68,479
Jan, 2053	$1,295	$415	$67,184
Feb, 2053	$1,303	$408	$65,881
Mar, 2053	$1,311	$400	$64,570
Apr, 2053	$1,319	$392	$63,252
May, 2053	$1,327	$384	$61,925
Jun, 2053	$1,335	$376	$60,590
Jul, 2053	$1,343	$368	$59,247
Aug, 2053	$1,351	$359	$57,896
Sep, 2053	$1,359	$351	$56,537
Oct, 2053	$1,368	$343	$55,169
Nov, 2053	$1,376	$335	$53,793
Dec, 2053	$1,384	$326	$52,409
2053	$16,070	$4,456	$52,409
Jan, 2054	$1,393	$318	$51,016
Feb, 2054	$1,401	$309	$49,615
Mar, 2054	$1,410	$301	$48,206
Apr, 2054	$1,418	$292	$46,788
May, 2054	$1,427	$284	$45,361
Jun, 2054	$1,435	$275	$43,926
Jul, 2054	$1,444	$266	$42,482
Aug, 2054	$1,453	$258	$41,029
Sep, 2054	$1,462	$249	$39,567
Oct, 2054	$1,470	$240	$38,097
Nov, 2054	$1,479	$231	$36,617
Dec, 2054	$1,488	$222	$35,129
2054	$17,280	$3,246	$35,129
Jan, 2055	$1,497	$213	$33,632
Feb, 2055	$1,506	$204	$32,125
Mar, 2055	$1,516	$195	$30,609
Apr, 2055	$1,525	$186	$29,085
May, 2055	$1,534	$176	$27,551
Jun, 2055	$1,543	$167	$26,007
Jul, 2055	$1,553	$158	$24,454
Aug, 2055	$1,562	$148	$22,892
Sep, 2055	$1,572	$139	$21,321
Oct, 2055	$1,581	$129	$19,739
Nov, 2055	$1,591	$120	$18,149
Dec, 2055	$1,600	$110	$16,548
2055	$18,581	$1,946	$16,548
Jan, 2056	$1,610	$100	$14,938
Feb, 2056	$1,620	$91	$13,318
Mar, 2056	$1,630	$81	$11,688
Apr, 2056	$1,640	$71	$10,049
May, 2056	$1,650	$61	$8,399
Jun, 2056	$1,660	$51	$6,740
Jul, 2056	$1,670	$41	$5,070
Aug, 2056	$1,680	$31	$3,390
Sep, 2056	$1,690	$21	$1,700
Oct, 2056	$1,700	$10	$0
2056	$16,548	$557	$0
Totals	$250,000	$365,791

$250,000 mortgage FAQ

What is the monthly payment on a $250,000 mortgage?: At the current 30-year fixed average of 7.28 percent, a $250,000 mortgage costs about $1,711 a month in principal and interest. Over a 15-year term at 6.60 percent the payment rises to roughly $2,192. 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 7.28 percent costs about $365,791 in total interest — more than the amount borrowed. Choosing a 15-year term at 6.60 percent cuts that to roughly $144,476, a saving of about $221,315, 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 $1,711 payment for a $250,000 mortgage implies an income of roughly $73,308 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.