$250,000 mortgage payment
- Principal & interest
- $1,580
- Property tax & insurance (est.)
- $378
- Loan amount
- $250,000
- Total interest over 30 years
- $318,861
$250k mortgage payment by interest rate
Monthly principal and interest for a $250,000 loan. Rates change daily — find the row closest to your quote.
| Rate | 15-year | 20-year | 30-year | 30-yr total interest |
|---|---|---|---|---|
| 5.00% | $1,977 | $1,650 | $1,342 | $233,139 |
| 5.25% | $2,010 | $1,685 | $1,381 | $246,983 |
| 5.50% | $2,043 | $1,720 | $1,419 | $261,010 |
| 5.75% | $2,076 | $1,755 | $1,459 | $275,216 |
| 6.00% | $2,110 | $1,791 | $1,499 | $289,595 |
| 6.25% | $2,144 | $1,827 | $1,539 | $304,145 |
| 6.50% | $2,178 | $1,864 | $1,580 | $318,861 |
| 6.75% | $2,212 | $1,901 | $1,621 | $333,738 |
| 7.00% | $2,247 | $1,938 | $1,663 | $348,772 |
| 7.25% | $2,282 | $1,976 | $1,705 | $363,959 |
| 7.50% | $2,318 | $2,014 | $1,748 | $379,293 |
| 7.75% | $2,353 | $2,052 | $1,791 | $394,771 |
| 8.00% | $2,389 | $2,091 | $1,834 | $410,388 |
Amortization schedule (30 years at 6.5%)
Early payments are mostly interest. You will have paid off half of the $250,000 balance after 22 years.
| Year | Interest paid | Principal paid | Remaining balance |
|---|---|---|---|
| Year 1 | $16,168 | $2,794 | $247,206 |
| Year 2 | $15,981 | $2,981 | $244,224 |
| Year 3 | $15,781 | $3,181 | $241,043 |
| Year 4 | $15,568 | $3,394 | $237,649 |
| Year 5 | $15,341 | $3,621 | $234,027 |
| Year 10 | $13,954 | $5,008 | $211,940 |
| Year 15 | $12,037 | $6,925 | $181,398 |
| Year 20 | $9,386 | $9,576 | $139,163 |
| Year 25 | $5,720 | $13,242 | $80,760 |
| Year 30 | $651 | $18,311 | $0 |
Frequently asked questions
What is the monthly payment on a $250,000 mortgage?
At 6.5% fixed, principal and interest is $1,580 per month on a 30-year loan and $2,178 on a 15-year loan. Adding estimated property tax and insurance ($378/month for a $312,500 home) brings the 30-year total to about $1,958.
How much income do I need for a $250,000 mortgage?
Using the common 28% rule (housing costs at most 28% of gross monthly income) and assuming 20% down, you would need roughly $84,000 per year at 6.5%. Other monthly debts lower the amount a lender will approve.
How much interest will I pay on a $250,000 loan?
Over 30 years at 6.5% you would pay $318,861 in interest — 128% of the amount borrowed. A 15-year term cuts that to $141,998, saving $176,863.
What happens if I pay an extra $200 per month?
On a 30-year loan at 6.5%, an extra $200 toward principal every month pays the mortgage off in 22 years 1 months and saves about $97,618 in interest.
Compare nearby loan amounts
Estimates assume a fixed rate, 1.1% annual property tax and 0.35% annual homeowners insurance on a home priced with 20% down. Your lender's figures will differ. This page is for education, not financial advice. Methodology.