$250,000 mortgage payment by interest rate
| Rate | 30 years | 20 years | 15 years |
|---|---|---|---|
| 5% | $1,342 | $1,650 | $1,977 |
| 5.5% | $1,419 | $1,720 | $2,043 |
| 6% | $1,499 | $1,791 | $2,110 |
| 6.5% | $1,580 | $1,864 | $2,178 |
| 7% | $1,663 | $1,938 | $2,247 |
| 7.5% | $1,748 | $2,014 | $2,318 |
| 8% | $1,834 | $2,091 | $2,389 |
Monthly principal and interest only.
Total interest on a $250,000 mortgage
| Rate | 30 years | 15 years |
|---|---|---|
| 5% | $233,139 | $105,857 |
| 5.5% | $261,010 | $117,688 |
| 6% | $289,595 | $129,736 |
| 6.5% | $318,861 | $141,998 |
| 7% | $348,772 | $154,473 |
| 7.5% | $379,293 | $167,156 |
| 8% | $410,388 | $180,043 |
Calculate your full payment
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Frequently asked questions
What is the monthly payment on a $250,000 mortgage?
At 6.5% for 30 years, a $250,000 mortgage costs $1,580.17 a month in principal and interest. On a 15-year term at the same rate it's $2,177.77. Property tax, insurance and any PMI are extra.
How much income do I need for a $250,000 mortgage?
Using the common 28% rule and allowing about $417 a month for property tax and insurance, you'd need a household income of roughly $85,579 a year at 6.5% for 30 years.
How much interest will I pay on a $250,000 mortgage?
Over 30 years at 6.5%, total interest is about $318,861. A 15-year loan at the same rate costs about $141,998, much less, but with higher monthly payments.
Other loan amounts
All loan amounts → · How much house can I afford? →
Estimates for general information only, not financial advice. See how we calculate.