Mortgage Payment on a $250,000 House
See estimated monthly payments at different interest rates, loan terms, and down payment amounts.
Choose Your Down Payment
Loan amount: $200,000
Monthly Payment Estimates
Principal and interest only. Does not include taxes, insurance, or PMI.
| Interest Rate | 15-Year | 20-Year | 30-Year |
|---|---|---|---|
| 6% | $1,688/mo | $1,433/mo | $1,199/mo |
| 6.5% | $1,742/mo | $1,491/mo | $1,264/mo |
| 7% | $1,798/mo | $1,551/mo | $1,331/mo |
| 7.5% | $1,854/mo | $1,611/mo | $1,398/mo |
Down Payment Comparison at 7% / 30-Year
See how different down payments affect your monthly payment on a $250,000 home.
3% Down
$7,500
$1,613
/month
Loan: $242,500
5% Down
$12,500
$1,580
/month
Loan: $237,500
10% Down
$25,000
$1,497
/month
Loan: $225,000
20% Down
$50,000
$1,331
/month
Loan: $200,000
Can You Afford a $250,000 Home?
A common guideline is keeping your total housing payment at or below 28 percent of your gross monthly income. At 7% with 20% down, the principal and interest payment on a $250,000 home would be roughly $1,331 per month. Adding taxes and insurance, you would likely need a household income of at least $76,985 per year.
These are rough estimates. Your actual qualification depends on your full financial picture, including debts, credit score, and the specific loan program. A personalized consultation can give you a clear picture of what you can comfortably afford.
Ready to Get Started?
Take the first step toward your dream home. Apply online in minutes or schedule a free consultation.