Mortgage › $250,000 mortgage
$250,000 mortgage payment (2026)
A $250,000 30-year fixed mortgage at today's average rate of 6.76% costs $1,623 a month in principal and interest — $334,337 of interest over the life of the loan. A 15-year loan at 6.09% is $2,122 a month and $131,927 in interest. Add taxes, insurance and PMI below to see the full payment.
Default rate: 6.76% on a 30-year fixed and 6.09% on a 15-year — the Freddie Mac PMMS national average as of 2026-09-10 (source). Updated automatically every Thursday. Your quote depends on credit score, points and lender.
Your numbers
Result
| Year | Principal | Interest | Balance |
|---|
$250,000 mortgage by interest rate
| Rate | Monthly P&I | Total interest | 15-year P&I |
|---|---|---|---|
| 5% | $1,342 | $233,139 | $1,977 |
| 5.5% | $1,419 | $261,010 | $2,043 |
| 5.75% | $1,459 | $275,216 | $2,076 |
| 6% | $1,499 | $289,595 | $2,110 |
| 6.25% | $1,539 | $304,145 | $2,144 |
| 6.5% | $1,580 | $318,861 | $2,178 |
| 6.75% | $1,621 | $333,738 | $2,212 |
| 7% | $1,663 | $348,772 | $2,247 |
| 7.25% | $1,705 | $363,959 | $2,282 |
| 7.5% | $1,748 | $379,293 | $2,318 |
| 8% | $1,834 | $410,388 | $2,389 |
Other loan amounts
Frequently asked
What income do I need for a $250,000 mortgage?
Lenders usually cap housing costs at 28% of gross income. With taxes and insurance the payment is about $2,059 a month, which needs roughly $88,250 a year before other debts. Check the affordability calculator.
How much is $250,000 at 7%?
$1,663 a month on a 30-year term, $2,247 on 15 years.