$250,000 Mortgage Payment
Monthly cost on a $250,000 home at 6.9% interest with 20% down — adjust any value below.
| Component | Monthly |
|---|---|
| Principal & interest | — |
| Property tax | — |
| Home insurance | — |
What is the monthly payment on a $250,000 mortgage?
At $250,000, this loan is roughly 60% of the national median home price in 2026 (currently around $410,000+), putting it comfortably in conventional-loan territory. Expect a principal-and-interest payment near $1,317/month at 6.9% over 30 years with 20% down.
How your rate and term change the payment
Paying discount points to buy down your rate can make sense at this loan size if you plan to stay put for a while — each point typically costs 1% of the loan ($2,500 here) and shaves roughly a quarter point off your rate. Run the breakeven math before paying points: divide the point cost by your monthly savings to see how many months it takes to come out ahead.
Don't forget taxes and insurance
Tax and insurance estimates vary widely at this price — states with high property taxes can add $300+/month, while others add under $150. Check your specific county before locking in a monthly budget.
Shopping for the best rate
When comparing quotes at $250,000, look at the APR, not just the advertised rate — origination fees and points make up a larger share of the total cost at this size than they do on a small loan, and the APR is the figure that bakes those in.
Down payment options for a $250,000 home
Here's how different down payment sizes change your loan amount and monthly principal & interest on a $250,000 home, assuming a 6.9% rate on a 30-year term:
| Down payment | Loan amount | Monthly P&I |
|---|---|---|
| 5% ($12,500) | $238K | $1,564/mo + ~$139/mo PMI |
| 10% ($25,000) | $225K | $1,482/mo + ~$131/mo PMI |
| 15% ($37,500) | $212K | $1,400/mo + ~$124/mo PMI |
| 20% ($50,000) | $200K | $1,317/mo |
$250,000 home by loan term
Shorter terms typically carry lower rates but higher monthly payments. Here's the tradeoff on a $250,000 home with 20% down ($200K loan):
| Term | Monthly P&I | Total interest |
|---|---|---|
| 30-year at 6.90% | $1,317/mo | $274K |
| 20-year at 6.70% | $1,515/mo | $164K |
| 15-year at 6.25% | $1,715/mo | $109K |
| 10-year at 6.00% | $2,220/mo | $66K |
Who typically buys at this price point
A $250,000 purchase is common for both first-time buyers stretching their budget and repeat buyers in a moderate-cost market. If your down payment is under 20%, see our PMI guide for when that cost falls away.
How much income do you need for a $250,000 home?
On a $250,000 home, the 28% guideline works out to about $69,844/year in gross income. That number assumes no other significant monthly debt; if you're carrying a car payment or student loans, your qualifying income needs to be higher — our DTI Calculator factors those in.
What's a typical down payment on a $250,000 home?
At 20% down ($50,000), you avoid PMI outright. At 10% down ($25,000), PMI typically falls off once your loan balance hits 78% of the original purchase price — through either paydown or appreciation — so it's not necessarily a permanent cost. Our down payment guide walks through when it drops.