Monthly payment on a $250,000 house
$250,000 house · 5% down · 6.5%. Estimated total payment $1,987/month, including property tax and insurance. Change any input below.
Estimated monthly payment
$1,987
$12,500 down · $237,500 loan
What goes into the $1,987 payment
A $250,000 home with 5% down ($12,500) is a realistic first purchase in lower-cost regions. The $237,500 loan carries PMI, but the smaller balance keeps the total payment within reach of a moderate income.
This estimate assumes property tax of 1.2% of the price per year ($3,000), homeowners insurance of $1,400 per year, and PMI at 0.6% of the loan per year while the balance is above 80% of the value. Actual property tax and insurance vary widely by state and property — swap in your real figures above.
Disclaimer: this is an educational estimate, not a loan offer or financial advice. Lenders calculate escrow, PMI and closing costs their own way; confirm every figure with your loan officer.
Payment breakdown
Frequently asked questions
What is the monthly payment on a $250,000 house?
With 5% down ($12,500) on a 30-year loan at 6.5%, the estimated payment is about $1,987 per month: $1,501 principal and interest, $250 property tax, $117 insurance, $119 PMI.
How much is the down payment on a $250,000 house at 5%?
5% of $250,000 is $12,500, which leaves a loan of $237,500. Because the down payment is below 20%, private mortgage insurance (PMI) is added until the loan balance falls to 80% of the value.
How much total interest is paid on a $250,000 mortgage?
Over the full 30 years, this loan of $237,500 at 6.5% pays about $302,918 in interest — money on top of repaying the amount borrowed. Extra principal payments reduce it.