$250,000 Mortgage Payment
A $250,000 loan — the amount you borrow — costs $1,668 a month in principal and interest on a 30-year fixed at the September 24, 2026 Freddie Mac average of 7.03%. Over 30 years that is $350,584 of interest; a 15-year loan at 6.42% raises the payment to $2,167 but cuts interest to $140,022.
Property tax and insurance are what make the payment local. On the $312,500 home this loan buys with 20% down, they add anywhere from $130 a month in Hawaii to $798 in Florida. In 2026 the loan is conforming in all 3,143 counties.
Loan Parameters
Total Monthly Payment
$2,132
Principal & Interest + Taxes + Insurance
APR 7.030%
Total Interest
$350,584
Total Cost
$767,498
Advanced Parameters
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
N/A
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | PMI | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $20,020 | $2,525 | $17,495 | — | $247,475 | $65,025 |
| Year 2 | $20,020 | $2,708 | $17,311 | — | $244,767 | $67,733 |
| Year 3 | $20,020 | $2,905 | $17,115 | — | $241,862 | $70,638 |
| Year 4 | $20,020 | $3,116 | $16,904 | — | $238,746 | $73,754 |
| Year 5 | $20,020 | $3,342 | $16,678 | — | $235,404 | $77,096 |
| Year 6 | $20,020 | $3,585 | $16,435 | — | $231,819 | $80,681 |
| Year 7 | $20,020 | $3,845 | $16,175 | — | $227,974 | $84,526 |
| Year 8 | $20,020 | $4,124 | $15,895 | — | $223,850 | $88,650 |
| Year 9 | $20,020 | $4,424 | $15,596 | — | $219,426 | $93,074 |
| Year 10 | $20,020 | $4,745 | $15,275 | — | $214,681 | $97,819 |
| Year 11 | $20,020 | $5,089 | $14,930 | — | $209,592 | $102,908 |
| Year 12 | $20,020 | $5,459 | $14,561 | — | $204,133 | $108,367 |
| Year 13 | $20,020 | $5,855 | $14,164 | — | $198,278 | $114,222 |
| Year 14 | $20,020 | $6,280 | $13,739 | — | $191,997 | $120,503 |
| Year 15 | $20,020 | $6,736 | $13,283 | — | $185,261 | $127,239 |
| Year 16 | $20,020 | $7,226 | $12,794 | — | $178,035 | $134,465 |
| Year 17 | $20,020 | $7,750 | $12,269 | — | $170,285 | $142,215 |
| Year 18 | $20,020 | $8,313 | $11,707 | — | $161,972 | $150,528 |
| Year 19 | $20,020 | $8,917 | $11,103 | — | $153,055 | $159,445 |
| Year 20 | $20,020 | $9,564 | $10,456 | — | $143,491 | $169,009 |
| Year 21 | $20,020 | $10,259 | $9,761 | — | $133,233 | $179,267 |
| Year 22 | $20,020 | $11,003 | $9,016 | — | $122,229 | $190,271 |
| Year 23 | $20,020 | $11,802 | $8,217 | — | $110,427 | $202,073 |
| Year 24 | $20,020 | $12,659 | $7,360 | — | $97,768 | $214,732 |
| Year 25 | $20,020 | $13,578 | $6,441 | — | $84,189 | $228,311 |
| Year 26 | $20,020 | $14,564 | $5,455 | — | $69,625 | $242,875 |
| Year 27 | $20,020 | $15,622 | $4,398 | — | $54,003 | $258,497 |
| Year 28 | $20,020 | $16,756 | $3,263 | — | $37,246 | $275,254 |
| Year 29 | $20,020 | $17,973 | $2,047 | — | $19,274 | $293,226 |
| Year 30 | $20,015 | $19,274 | $742 | — | $0 | $312,500 |
$250,000 mortgage at a glance
- Loan amount
- $250,000
- Conforming in all 3,143 counties
- Home price at 20% down
- $312,500
- $62,500 down payment
- Principal & interest, 30-year
- $1,668/mo
- At 7.03% (PMMS, September 24, 2026)
- Principal & interest, 15-year
- $2,167/mo
- At 6.42%
- Total interest, 30 vs 15 years
- $350,584 vs $140,022
- 15-year saves $210,562
- Payment with tax & insurance
- $1,799 – $2,466
- Hawaii to Florida
- Income needed (28% rule)
- $78,000 – $106,000
- Depends on state tax & insurance
$250,000 mortgage payment by interest rate
Monthly totals include property tax and homeowners insurance. Highlighted row is nearest the September 24, 2026 Freddie Mac 30-year average.
| Rate | 30-yr P&I | 30-yr total | 30-yr interest | 15-yr P&I | 15-yr total | 15-yr interest |
|---|---|---|---|---|---|---|
| 5.75% | $1,459 | $1,923 | $275,215 | $2,076 | $2,540 | $123,685 |
| 6.00% | $1,499 | $1,963 | $289,597 | $2,110 | $2,573 | $129,735 |
| 6.25% | $1,539 | $2,003 | $304,144 | $2,144 | $2,607 | $135,841 |
| 6.50% | $1,580 | $2,044 | $318,861 | $2,178 | $2,641 | $141,999 |
| 6.75% | $1,622 | $2,085 | $333,740 | $2,212 | $2,676 | $148,209 |
| 7.00% | $1,663 | $2,127 | $348,774 | $2,247 | $2,711 | $154,473 |
| 7.25% | $1,705 | $2,169 | $363,958 | $2,282 | $2,746 | $160,789 |
| 7.50% | $1,748 | $2,212 | $379,294 | $2,318 | $2,781 | $167,155 |
| 7.75% | $1,791 | $2,255 | $394,771 | $2,353 | $2,817 | $173,574 |
| 8.00% | $1,834 | $2,298 | $410,388 | $2,389 | $2,853 | $180,043 |
| 8.25% | $1,878 | $2,342 | $426,141 | $2,425 | $2,889 | $186,563 |
$250,000 mortgage payment by state
30-year fixed at 7.03%, $312,500 home with 20% down. Rank 1 = most expensive.
| State | Tax / mo | Insurance / mo | Total / mo | Rank | Income needed | Loan type |
|---|---|---|---|---|---|---|
| Alabama | $96 | $303 | $2,067 | 32 | $89,000 | Conforming |
| Alaska | $245 | $116 | $2,030 | 39 | $87,000 | Conforming |
| Arizona | $125 | $195 | $1,989 | 43 | $86,000 | Conforming |
| Arkansas | $146 | $311 | $2,125 | 24 | $92,000 | Conforming |
| California | $195 | $135 | $1,998 | 42 | $86,000 | Conforming |
| Colorado | $130 | $414 | $2,212 | 14 | $95,000 | Conforming |
| Connecticut | $401 | $159 | $2,228 | 12 | $96,000 | Conforming |
| Delaware | $141 | $115 | $1,923 | 49 | $83,000 | Conforming |
| Florida | $203 | $595 | $2,466 | 1 | $106,000 | Conforming |
| Georgia | $206 | $194 | $2,068 | 31 | $89,000 | Conforming |
| Hawaii | $76 | $55 | $1,799 | 50 | $78,000 | Conforming |
| Idaho | $130 | $187 | $1,985 | 44 | $86,000 | Conforming |
| Illinois | $490 | $220 | $2,378 | 5 | $102,000 | Conforming |
| Indiana | $198 | $241 | $2,107 | 26 | $91,000 | Conforming |
| Iowa | $346 | $242 | $2,256 | 9 | $97,000 | Conforming |
| Kansas | $315 | $438 | $2,422 | 4 | $104,000 | Conforming |
| Kentucky | $193 | $337 | $2,198 | 16 | $95,000 | Conforming |
| Louisiana | $143 | $499 | $2,310 | 6 | $100,000 | Conforming |
| Maine | $255 | $111 | $2,035 | 37 | $88,000 | Conforming |
| Maryland | $240 | $160 | $2,068 | 30 | $89,000 | Conforming |
| Massachusetts | $260 | $124 | $2,052 | 33 | $88,000 | Conforming |
| Michigan | $310 | $244 | $2,222 | 13 | $96,000 | Conforming |
| Minnesota | $260 | $227 | $2,156 | 21 | $93,000 | Conforming |
| Mississippi | $151 | $211 | $2,030 | 38 | $88,000 | Conforming |
| Missouri | $232 | $332 | $2,232 | 11 | $96,000 | Conforming |
| Montana | $159 | $268 | $2,095 | 28 | $90,000 | Conforming |
| Nebraska | $375 | $379 | $2,423 | 3 | $104,000 | Conforming |
| Nevada | $130 | $148 | $1,946 | 47 | $84,000 | Conforming |
| New Hampshire | $391 | $108 | $2,167 | 17 | $93,000 | Conforming |
| New Jersey | $490 | $118 | $2,276 | 8 | $98,000 | Conforming |
| New Mexico | $164 | $239 | $2,071 | 29 | $89,000 | Conforming |
| New York | $339 | $140 | $2,147 | 23 | $93,000 | Conforming |
| North Carolina | $172 | $260 | $2,101 | 27 | $91,000 | Conforming |
| North Dakota | $240 | $249 | $2,156 | 20 | $93,000 | Conforming |
| Ohio | $354 | $177 | $2,199 | 15 | $95,000 | Conforming |
| Oklahoma | $206 | $418 | $2,292 | 7 | $99,000 | Conforming |
| Oregon | $211 | $131 | $2,010 | 40 | $87,000 | Conforming |
| Pennsylvania | $328 | $127 | $2,124 | 25 | $92,000 | Conforming |
| Rhode Island | $292 | $204 | $2,164 | 18 | $93,000 | Conforming |
| South Carolina | $128 | $248 | $2,044 | 36 | $88,000 | Conforming |
| South Dakota | $260 | $313 | $2,242 | 10 | $97,000 | Conforming |
| Tennessee | $135 | $247 | $2,050 | 34 | $88,000 | Conforming |
| Texas | $417 | $340 | $2,425 | 2 | $104,000 | Conforming |
| Utah | $125 | $151 | $1,944 | 48 | $84,000 | Conforming |
| Vermont | $393 | $89 | $2,150 | 22 | $93,000 | Conforming |
| Virginia | $203 | $173 | $2,044 | 35 | $88,000 | Conforming |
| Washington | $195 | $146 | $2,010 | 41 | $87,000 | Conforming |
| West Virginia | $133 | $155 | $1,956 | 46 | $84,000 | Conforming |
| Wisconsin | $344 | $151 | $2,163 | 19 | $93,000 | Conforming |
| Wyoming | $138 | $173 | $1,979 | 45 | $85,000 | Conforming |
Frequently asked questions
What is the monthly payment on a $250,000 mortgage?
Principal and interest are $1,668 a month on a 30-year fixed at 7.03%, or $2,167 on a 15-year at 6.42%. With property tax and insurance on a $312,500 home (20% down), the total ranges from $1,799 in Hawaii to $2,466 in Florida.
Is $250,000 a jumbo loan?
In 2026, a $250,000 one-unit loan is conforming in all 3,143 counties. The baseline conforming limit is $832,750; high-cost counties go up to $1,249,125.
How much income do I need for a $250,000 mortgage?
Between about $78,000 and $106,000 a year to keep the full payment within 28% of gross income, depending on the state's property tax and insurance costs.
Explore related calculators
Other loan amounts
Calculators by loan type
Data sources & assumptions
- Freddie Mac Primary Mortgage Market Survey (PMMS) — Weekly average as of September 24, 2026
- FHFA 2026 Conforming Loan Limit Values (one-unit) — 2026 one-unit limits, 56 states & territories
- Effective statewide property tax rate (Tax Foundation, 2026 projections) — Statewide effective rate; county rates vary
- Average annual homeowners premium, $300K dwelling / $1K deductible (industry survey averages) — Statewide average premium
- CFPB — What is private mortgage insurance?
- Homeowners Protection Act (PMI cancellation at 78–80% LTV)
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.