Monthly payment on a $250,000 mortgage
A $250,000 loan at the current average 30-year fixed rate of 6.76% (Freddie Mac, week of September 10, 2026) works out to about $1,623 a month in principal and interest. Property taxes, homeowners insurance, and any PMI or HOA dues are added on top. Change the rate or term below to match a quote.
$1,623.16 / month
- Total interest
- $334,335
- Total paid
- $584,335
- Payoff
- 30.0 years
Payment by rate and term
Monthly principal and interest on a $250,000 loan at each rate, for 30-, 20-, and 15-year terms.
| Rate | 30-year | 20-year | 15-year |
|---|---|---|---|
| 5.50% | $1,419 | $1,720 | $2,043 |
| 5.75% | $1,459 | $1,755 | $2,076 |
| 6.00% | $1,499 | $1,791 | $2,110 |
| 6.25% | $1,539 | $1,827 | $2,144 |
| 6.50% | $1,580 | $1,864 | $2,178 |
| 6.75% | $1,621 | $1,901 | $2,212 |
| 7.00% | $1,663 | $1,938 | $2,247 |
| 7.25% | $1,705 | $1,976 | $2,282 |
| 7.50% | $1,748 | $2,014 | $2,318 |
| 7.75% | $1,791 | $2,052 | $2,353 |
| 8.00% | $1,834 | $2,091 | $2,389 |
Total cost over 30 years
- Total interest at 6.76%: $334,335
- Total of all payments: $584,335 (the $250,000 borrowed plus interest)
Income needed
Keeping the full housing payment near 28% of gross income — the standard front-end lending guideline — and allowing a rough amount for taxes and insurance, a $250,000 mortgage points to a household income of about $87,912 a year. Existing car or student-loan payments lower that ceiling through the 36% total-debt rule.