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

At the current 30-year fixed average of 7.18 percent, a $250,000 mortgage costs about $1,694 a month in principal and interest. Over a 15-year term at 6.57 percent the payment rises to roughly $2,187. 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 7.18 percent costs about $359,691 in total interest — more than the amount borrowed. Choosing a 15-year term at 6.57 percent cuts that to roughly $143,732, a saving of about $215,959, 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 $1,694 payment for a $250,000 mortgage implies an income of roughly $72,582 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

$1,694

Monthly payment

$609,691

Total of 360 payments

Nov, 2056

Loan payoff date

Loan balance over time

Balance Principal paid $250,000 Interest paid $359,691

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 7.18%: $359,691
Total interest, 15 years at 6.57%: $143,732
Income implied by the 28% rule: $72,582
Purchase price with 20% down: $312,500

Switching from a 30-year to a 15-year term on $250,000 saves about $215,959 in interest, at the cost of a higher monthly payment ($2,187 instead of $1,694). 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
Dec, 2026	$198	$1,496	$249,802
2026	$198	$1,496	$249,802
Jan, 2027	$199	$1,495	$249,603
Feb, 2027	$200	$1,493	$249,403
Mar, 2027	$201	$1,492	$249,202
Apr, 2027	$203	$1,491	$248,999
May, 2027	$204	$1,490	$248,796
Jun, 2027	$205	$1,489	$248,591
Jul, 2027	$206	$1,487	$248,384
Aug, 2027	$207	$1,486	$248,177
Sep, 2027	$209	$1,485	$247,968
Oct, 2027	$210	$1,484	$247,758
Nov, 2027	$211	$1,482	$247,547
Dec, 2027	$212	$1,481	$247,335
2027	$2,467	$17,856	$247,335
Jan, 2028	$214	$1,480	$247,121
Feb, 2028	$215	$1,479	$246,906
Mar, 2028	$216	$1,477	$246,690
Apr, 2028	$218	$1,476	$246,472
May, 2028	$219	$1,475	$246,253
Jun, 2028	$220	$1,473	$246,033
Jul, 2028	$221	$1,472	$245,812
Aug, 2028	$223	$1,471	$245,589
Sep, 2028	$224	$1,469	$245,365
Oct, 2028	$225	$1,468	$245,139
Nov, 2028	$227	$1,467	$244,913
Dec, 2028	$228	$1,465	$244,684
2028	$2,650	$17,673	$244,684
Jan, 2029	$230	$1,464	$244,455
Feb, 2029	$231	$1,463	$244,224
Mar, 2029	$232	$1,461	$243,992
Apr, 2029	$234	$1,460	$243,758
May, 2029	$235	$1,458	$243,523
Jun, 2029	$237	$1,457	$243,286
Jul, 2029	$238	$1,456	$243,048
Aug, 2029	$239	$1,454	$242,809
Sep, 2029	$241	$1,453	$242,568
Oct, 2029	$242	$1,451	$242,326
Nov, 2029	$244	$1,450	$242,082
Dec, 2029	$245	$1,448	$241,837
2029	$2,847	$17,476	$241,837
Jan, 2030	$247	$1,447	$241,591
Feb, 2030	$248	$1,446	$241,342
Mar, 2030	$250	$1,444	$241,093
Apr, 2030	$251	$1,443	$240,842
May, 2030	$253	$1,441	$240,589
Jun, 2030	$254	$1,440	$240,335
Jul, 2030	$256	$1,438	$240,080
Aug, 2030	$257	$1,436	$239,823
Sep, 2030	$259	$1,435	$239,564
Oct, 2030	$260	$1,433	$239,304
Nov, 2030	$262	$1,432	$239,042
Dec, 2030	$263	$1,430	$238,779
2030	$3,058	$17,265	$238,779
Jan, 2031	$265	$1,429	$238,514
Feb, 2031	$266	$1,427	$238,247
Mar, 2031	$268	$1,426	$237,979
Apr, 2031	$270	$1,424	$237,710
May, 2031	$271	$1,422	$237,438
Jun, 2031	$273	$1,421	$237,165
Jul, 2031	$275	$1,419	$236,891
Aug, 2031	$276	$1,417	$236,615
Sep, 2031	$278	$1,416	$236,337
Oct, 2031	$280	$1,414	$236,057
Nov, 2031	$281	$1,412	$235,776
Dec, 2031	$283	$1,411	$235,493
2031	$3,285	$17,038	$235,493
Jan, 2032	$285	$1,409	$235,209
Feb, 2032	$286	$1,407	$234,922
Mar, 2032	$288	$1,406	$234,634
Apr, 2032	$290	$1,404	$234,345
May, 2032	$291	$1,402	$234,053
Jun, 2032	$293	$1,400	$233,760
Jul, 2032	$295	$1,399	$233,465
Aug, 2032	$297	$1,397	$233,169
Sep, 2032	$298	$1,395	$232,870
Oct, 2032	$300	$1,393	$232,570
Nov, 2032	$302	$1,392	$232,268
Dec, 2032	$304	$1,390	$231,964
2032	$3,529	$16,794	$231,964
Jan, 2033	$306	$1,388	$231,658
Feb, 2033	$307	$1,386	$231,351
Mar, 2033	$309	$1,384	$231,041
Apr, 2033	$311	$1,382	$230,730
May, 2033	$313	$1,381	$230,417
Jun, 2033	$315	$1,379	$230,102
Jul, 2033	$317	$1,377	$229,785
Aug, 2033	$319	$1,375	$229,467
Sep, 2033	$321	$1,373	$229,146
Oct, 2033	$323	$1,371	$228,824
Nov, 2033	$324	$1,369	$228,499
Dec, 2033	$326	$1,367	$228,173
2033	$3,791	$16,532	$228,173
Jan, 2034	$328	$1,365	$227,844
Feb, 2034	$330	$1,363	$227,514
Mar, 2034	$332	$1,361	$227,182
Apr, 2034	$334	$1,359	$226,848
May, 2034	$336	$1,357	$226,511
Jun, 2034	$338	$1,355	$226,173
Jul, 2034	$340	$1,353	$225,833
Aug, 2034	$342	$1,351	$225,490
Sep, 2034	$344	$1,349	$225,146
Oct, 2034	$346	$1,347	$224,799
Nov, 2034	$349	$1,345	$224,451
Dec, 2034	$351	$1,343	$224,100
2034	$4,073	$16,251	$224,100
Jan, 2035	$353	$1,341	$223,748
Feb, 2035	$355	$1,339	$223,393
Mar, 2035	$357	$1,337	$223,036
Apr, 2035	$359	$1,334	$222,677
May, 2035	$361	$1,332	$222,315
Jun, 2035	$363	$1,330	$221,952
Jul, 2035	$366	$1,328	$221,586
Aug, 2035	$368	$1,326	$221,219
Sep, 2035	$370	$1,324	$220,849
Oct, 2035	$372	$1,321	$220,477
Nov, 2035	$374	$1,319	$220,102
Dec, 2035	$377	$1,317	$219,725
2035	$4,375	$15,948	$219,725
Jan, 2036	$379	$1,315	$219,347
Feb, 2036	$381	$1,312	$218,965
Mar, 2036	$383	$1,310	$218,582
Apr, 2036	$386	$1,308	$218,196
May, 2036	$388	$1,306	$217,808
Jun, 2036	$390	$1,303	$217,418
Jul, 2036	$393	$1,301	$217,025
Aug, 2036	$395	$1,299	$216,630
Sep, 2036	$397	$1,296	$216,233
Oct, 2036	$400	$1,294	$215,833
Nov, 2036	$402	$1,291	$215,431
Dec, 2036	$405	$1,289	$215,026
2036	$4,699	$15,624	$215,026
Jan, 2037	$407	$1,287	$214,619
Feb, 2037	$409	$1,284	$214,210
Mar, 2037	$412	$1,282	$213,798
Apr, 2037	$414	$1,279	$213,383
May, 2037	$417	$1,277	$212,967
Jun, 2037	$419	$1,274	$212,547
Jul, 2037	$422	$1,272	$212,125
Aug, 2037	$424	$1,269	$211,701
Sep, 2037	$427	$1,267	$211,274
Oct, 2037	$429	$1,264	$210,845
Nov, 2037	$432	$1,262	$210,413
Dec, 2037	$435	$1,259	$209,978
2037	$5,048	$15,275	$209,978
Jan, 2038	$437	$1,256	$209,541
Feb, 2038	$440	$1,254	$209,101
Mar, 2038	$442	$1,251	$208,658
Apr, 2038	$445	$1,248	$208,213
May, 2038	$448	$1,246	$207,766
Jun, 2038	$450	$1,243	$207,315
Jul, 2038	$453	$1,240	$206,862
Aug, 2038	$456	$1,238	$206,406
Sep, 2038	$459	$1,235	$205,947
Oct, 2038	$461	$1,232	$205,486
Nov, 2038	$464	$1,229	$205,022
Dec, 2038	$467	$1,227	$204,555
2038	$5,423	$14,900	$204,555
Jan, 2039	$470	$1,224	$204,085
Feb, 2039	$472	$1,221	$203,613
Mar, 2039	$475	$1,218	$203,138
Apr, 2039	$478	$1,215	$202,660
May, 2039	$481	$1,213	$202,179
Jun, 2039	$484	$1,210	$201,695
Jul, 2039	$487	$1,207	$201,208
Aug, 2039	$490	$1,204	$200,718
Sep, 2039	$493	$1,201	$200,226
Oct, 2039	$496	$1,198	$199,730
Nov, 2039	$499	$1,195	$199,231
Dec, 2039	$502	$1,192	$198,730
2039	$5,825	$14,498	$198,730
Jan, 2040	$505	$1,189	$198,225
Feb, 2040	$508	$1,186	$197,718
Mar, 2040	$511	$1,183	$197,207
Apr, 2040	$514	$1,180	$196,694
May, 2040	$517	$1,177	$196,177
Jun, 2040	$520	$1,174	$195,657
Jul, 2040	$523	$1,171	$195,134
Aug, 2040	$526	$1,168	$194,608
Sep, 2040	$529	$1,164	$194,079
Oct, 2040	$532	$1,161	$193,547
Nov, 2040	$536	$1,158	$193,011
Dec, 2040	$539	$1,155	$192,472
2040	$6,257	$14,066	$192,472
Jan, 2041	$542	$1,152	$191,930
Feb, 2041	$545	$1,148	$191,385
Mar, 2041	$548	$1,145	$190,837
Apr, 2041	$552	$1,142	$190,285
May, 2041	$555	$1,139	$189,730
Jun, 2041	$558	$1,135	$189,172
Jul, 2041	$562	$1,132	$188,610
Aug, 2041	$565	$1,129	$188,045
Sep, 2041	$568	$1,125	$187,476
Oct, 2041	$572	$1,122	$186,905
Nov, 2041	$575	$1,118	$186,329
Dec, 2041	$579	$1,115	$185,751
2041	$6,722	$13,601	$185,751
Jan, 2042	$582	$1,111	$185,168
Feb, 2042	$586	$1,108	$184,583
Mar, 2042	$589	$1,104	$183,994
Apr, 2042	$593	$1,101	$183,401
May, 2042	$596	$1,097	$182,805
Jun, 2042	$600	$1,094	$182,205
Jul, 2042	$603	$1,090	$181,601
Aug, 2042	$607	$1,087	$180,994
Sep, 2042	$611	$1,083	$180,384
Oct, 2042	$614	$1,079	$179,769
Nov, 2042	$618	$1,076	$179,152
Dec, 2042	$622	$1,072	$178,530
2042	$7,221	$13,102	$178,530
Jan, 2043	$625	$1,068	$177,904
Feb, 2043	$629	$1,064	$177,275
Mar, 2043	$633	$1,061	$176,642
Apr, 2043	$637	$1,057	$176,006
May, 2043	$640	$1,053	$175,365
Jun, 2043	$644	$1,049	$174,721
Jul, 2043	$648	$1,045	$174,073
Aug, 2043	$652	$1,042	$173,421
Sep, 2043	$656	$1,038	$172,765
Oct, 2043	$660	$1,034	$172,105
Nov, 2043	$664	$1,030	$171,441
Dec, 2043	$668	$1,026	$170,773
2043	$7,757	$12,566	$170,773
Jan, 2044	$672	$1,022	$170,102
Feb, 2044	$676	$1,018	$169,426
Mar, 2044	$680	$1,014	$168,746
Apr, 2044	$684	$1,010	$168,062
May, 2044	$688	$1,006	$167,374
Jun, 2044	$692	$1,001	$166,682
Jul, 2044	$696	$997	$165,985
Aug, 2044	$700	$993	$165,285
Sep, 2044	$705	$989	$164,580
Oct, 2044	$709	$985	$163,872
Nov, 2044	$713	$980	$163,158
Dec, 2044	$717	$976	$162,441
2044	$8,332	$11,991	$162,441
Jan, 2045	$722	$972	$161,719
Feb, 2045	$726	$968	$160,994
Mar, 2045	$730	$963	$160,263
Apr, 2045	$735	$959	$159,529
May, 2045	$739	$955	$158,789
Jun, 2045	$743	$950	$158,046
Jul, 2045	$748	$946	$157,298
Aug, 2045	$752	$941	$156,546
Sep, 2045	$757	$937	$155,789
Oct, 2045	$761	$932	$155,027
Nov, 2045	$766	$928	$154,261
Dec, 2045	$771	$923	$153,491
2045	$8,951	$11,373	$153,491
Jan, 2046	$775	$918	$152,715
Feb, 2046	$780	$914	$151,936
Mar, 2046	$785	$909	$151,151
Apr, 2046	$789	$904	$150,362
May, 2046	$794	$900	$149,568
Jun, 2046	$799	$895	$148,769
Jul, 2046	$803	$890	$147,966
Aug, 2046	$808	$885	$147,158
Sep, 2046	$813	$880	$146,344
Oct, 2046	$818	$876	$145,527
Nov, 2046	$823	$871	$144,704
Dec, 2046	$828	$866	$143,876
2046	$9,615	$10,708	$143,876
Jan, 2047	$833	$861	$143,043
Feb, 2047	$838	$856	$142,205
Mar, 2047	$843	$851	$141,363
Apr, 2047	$848	$846	$140,515
May, 2047	$853	$841	$139,662
Jun, 2047	$858	$836	$138,804
Jul, 2047	$863	$831	$137,941
Aug, 2047	$868	$825	$137,073
Sep, 2047	$873	$820	$136,199
Oct, 2047	$879	$815	$135,321
Nov, 2047	$884	$810	$134,437
Dec, 2047	$889	$804	$133,548
2047	$10,328	$9,995	$133,548
Jan, 2048	$895	$799	$132,653
Feb, 2048	$900	$794	$131,753
Mar, 2048	$905	$788	$130,848
Apr, 2048	$911	$783	$129,937
May, 2048	$916	$777	$129,021
Jun, 2048	$922	$772	$128,100
Jul, 2048	$927	$766	$127,172
Aug, 2048	$933	$761	$126,240
Sep, 2048	$938	$755	$125,301
Oct, 2048	$944	$750	$124,358
Nov, 2048	$950	$744	$123,408
Dec, 2048	$955	$738	$122,453
2048	$11,095	$9,228	$122,453
Jan, 2049	$961	$733	$121,492
Feb, 2049	$967	$727	$120,525
Mar, 2049	$972	$721	$119,553
Apr, 2049	$978	$715	$118,575
May, 2049	$984	$709	$117,591
Jun, 2049	$990	$704	$116,601
Jul, 2049	$996	$698	$115,605
Aug, 2049	$1,002	$692	$114,603
Sep, 2049	$1,008	$686	$113,595
Oct, 2049	$1,014	$680	$112,581
Nov, 2049	$1,020	$674	$111,561
Dec, 2049	$1,026	$668	$110,535
2049	$11,918	$8,405	$110,535
Jan, 2050	$1,032	$661	$109,503
Feb, 2050	$1,038	$655	$108,464
Mar, 2050	$1,045	$649	$107,420
Apr, 2050	$1,051	$643	$106,369
May, 2050	$1,057	$636	$105,312
Jun, 2050	$1,063	$630	$104,248
Jul, 2050	$1,070	$624	$103,178
Aug, 2050	$1,076	$617	$102,102
Sep, 2050	$1,083	$611	$101,019
Oct, 2050	$1,089	$604	$99,930
Nov, 2050	$1,096	$598	$98,835
Dec, 2050	$1,102	$591	$97,732
2050	$12,803	$7,521	$97,732
Jan, 2051	$1,109	$585	$96,624
Feb, 2051	$1,115	$578	$95,508
Mar, 2051	$1,122	$571	$94,386
Apr, 2051	$1,129	$565	$93,257
May, 2051	$1,136	$558	$92,122
Jun, 2051	$1,142	$551	$90,979
Jul, 2051	$1,149	$544	$89,830
Aug, 2051	$1,156	$537	$88,674
Sep, 2051	$1,163	$531	$87,511
Oct, 2051	$1,170	$524	$86,341
Nov, 2051	$1,177	$517	$85,164
Dec, 2051	$1,184	$510	$83,980
2051	$13,753	$6,570	$83,980
Jan, 2052	$1,191	$502	$82,789
Feb, 2052	$1,198	$495	$81,590
Mar, 2052	$1,205	$488	$80,385
Apr, 2052	$1,213	$481	$79,172
May, 2052	$1,220	$474	$77,953
Jun, 2052	$1,227	$466	$76,725
Jul, 2052	$1,235	$459	$75,491
Aug, 2052	$1,242	$452	$74,249
Sep, 2052	$1,249	$444	$73,000
Oct, 2052	$1,257	$437	$71,743
Nov, 2052	$1,264	$429	$70,478
Dec, 2052	$1,272	$422	$69,207
2052	$14,773	$5,550	$69,207
Jan, 2053	$1,280	$414	$67,927
Feb, 2053	$1,287	$406	$66,640
Mar, 2053	$1,295	$399	$65,345
Apr, 2053	$1,303	$391	$64,042
May, 2053	$1,310	$383	$62,732
Jun, 2053	$1,318	$375	$61,414
Jul, 2053	$1,326	$367	$60,088
Aug, 2053	$1,334	$360	$58,754
Sep, 2053	$1,342	$352	$57,412
Oct, 2053	$1,350	$344	$56,062
Nov, 2053	$1,358	$335	$54,703
Dec, 2053	$1,366	$327	$53,337
2053	$15,870	$4,454	$53,337
Jan, 2054	$1,374	$319	$51,963
Feb, 2054	$1,383	$311	$50,580
Mar, 2054	$1,391	$303	$49,189
Apr, 2054	$1,399	$294	$47,790
May, 2054	$1,408	$286	$46,382
Jun, 2054	$1,416	$278	$44,966
Jul, 2054	$1,425	$269	$43,541
Aug, 2054	$1,433	$261	$42,108
Sep, 2054	$1,442	$252	$40,667
Oct, 2054	$1,450	$243	$39,217
Nov, 2054	$1,459	$235	$37,758
Dec, 2054	$1,468	$226	$36,290
2054	$17,047	$3,276	$36,290
Jan, 2055	$1,476	$217	$34,813
Feb, 2055	$1,485	$208	$33,328
Mar, 2055	$1,494	$199	$31,834
Apr, 2055	$1,503	$190	$30,331
May, 2055	$1,512	$181	$28,819
Jun, 2055	$1,521	$172	$27,298
Jul, 2055	$1,530	$163	$25,767
Aug, 2055	$1,539	$154	$24,228
Sep, 2055	$1,549	$145	$22,679
Oct, 2055	$1,558	$136	$21,121
Nov, 2055	$1,567	$126	$19,554
Dec, 2055	$1,577	$117	$17,978
2055	$18,312	$2,011	$17,978
Jan, 2056	$1,586	$108	$16,392
Feb, 2056	$1,596	$98	$14,796
Mar, 2056	$1,605	$89	$13,191
Apr, 2056	$1,615	$79	$11,576
May, 2056	$1,624	$69	$9,952
Jun, 2056	$1,634	$60	$8,318
Jul, 2056	$1,644	$50	$6,674
Aug, 2056	$1,654	$40	$5,021
Sep, 2056	$1,664	$30	$3,357
Oct, 2056	$1,674	$20	$1,684
Nov, 2056	$1,684	$10	$0
2056	$17,978	$652	$0
Totals	$250,000	$359,691

$250,000 mortgage FAQ

What is the monthly payment on a $250,000 mortgage?: At the current 30-year fixed average of 7.18 percent, a $250,000 mortgage costs about $1,694 a month in principal and interest. Over a 15-year term at 6.57 percent the payment rises to roughly $2,187. 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 7.18 percent costs about $359,691 in total interest — more than the amount borrowed. Choosing a 15-year term at 6.57 percent cuts that to roughly $143,732, a saving of about $215,959, 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 $1,694 payment for a $250,000 mortgage implies an income of roughly $72,582 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.