$250,000 mortgage payment
A $250,000 home with 20% down on a 30-year loan at the average 6.8% rate costs about $1,637 a month all-in — principal, interest, property tax and insurance. A 15-year loan runs about $2,021 a month but saves heavily on interest. Compare the options below.
How it breaks down
| 30-year, 20% down | $1,637/mo |
|---|---|
| 15-year, 20% down | $2,021/mo |
| 30-year, 10% down (with PMI) | $1,913/mo |
| Loan amount (20% down) | $200,000 |
| Total interest (30-year) | $269,386 |
Monthly payment
$1,699.68
How this estimate is calculated
We amortize the loan ($250,000 minus the down payment) at the average 6.8% 30-year / 6% 15-year rate (Freddie Mac PMMS), then add property tax (1.1% of value), homeowners insurance and PMI when down payment is under 20%. Your real rate and costs vary by location, credit and lender.
See our full methodology for assumptions, limits and the 2026 data used.
Sources
- Freddie Mac Primary Mortgage Market Survey (PMMS) (as of 2026-02-28)
- Written by
- Colson — Founder & consumer-finance researcher, ColsonSuperApps LLC
- Verified
- Every figure checked against its cited primary source
- Last updated
- June 14, 2026
- Standards
- Editorial policy
These results are educational estimates based on the figures you enter and standard financial math, not financial advice or an offer of credit. Your actual rate, payment and terms depend on your credit, lender and other factors. Verify any number with the lender before you act.
Frequently asked questions
What is the monthly payment on a $250,000 mortgage?
With 20% down on a 30-year loan at 6.8%, a $250,000 home runs about $1,637 a month including tax and insurance. A 15-year loan is about $2,021 a month but costs far less interest overall.
How much do I need to put down on a $250,000 home?
20% ($50,000) avoids PMI. With 10% down ($25,000) the payment rises to about $1,913 a month because of PMI, which drops off once you reach 20% equity.