$250,000 Mortgage Calculator
Monthly payment, total interest, and amortization at multiple rates — 2025.
$250,000 Mortgage — Monthly Payment by Rate
| APR | 30-yr Monthly | 30-yr Total Interest | 15-yr Monthly | 15-yr Total Interest |
|---|---|---|---|---|
| 6.5% | $1,580.17 | $318,861 | $2,177.77 | $141,998 |
| 7% | $1,663.26 | $348,772 | $2,247.07 | $154,473 |
| 7.5% | $1,748.04 | $379,293 | $2,317.53 | $167,156 |
Full Loan Calculator
Monthly Payment
$1,663.26
Total interest: $348,772
$598,772 total over 30 years
Principal vs Interest
Loan Amount | $250,000 |
APR | 7.0% |
Term | 30 years (360 months) |
Monthly Payment | $1,663.26 |
Total Principal | $250,000 |
Total Interest 58.25% of total | $348,772 |
Total Cost | $598,772 |
Frequently Asked Questions
What is the monthly payment on a $250,000 mortgage?
At 7% APR over 30 years, a $250,000 mortgage costs $1,663.26/month. At 6.5%, it's $1,580.17/month. These figures are principal + interest only; property taxes, insurance, and PMI are not included.
How much interest will I pay on a $250,000 mortgage?
Over 30 years at 7% APR, you'd pay $348,772 in total interest on a $250,000 loan — nearly 140% of the original loan. A 15-year term at the same rate costs $154,473 in interest.
Should I choose a 15-year or 30-year mortgage?
A 15-year mortgage saves significant interest but requires higher monthly payments. On a $250,000 loan at 7%, the 15-year payment is $2,247.07/month vs. $1,663.26/month for 30 years — but total interest savings are $194,300.