$250,000 Mortgage Calculator — Payment & Qualification
A $250,000 home sits in the starter-to-mid range. Use this calculator to see your true monthly cost and qualification requirements.
Mortgage Calculator
How It Works
20% down ($50k) leaves a $200,000 loan. At 6.75% for 30 years that's ~$1,297/month in P+I.
Including taxes (~$250/mo) and insurance (~$90/mo), your PITI lands around $1,637/month.
Typical income needed is roughly $65k–80k annually with minimal other debt.
FHA with 3.5% down ($8,750) increases the loan to ~$241k and adds PMI, pushing monthly costs up around $200.
Frequently Asked Questions
What income is needed for a $250k house?
Usually $65k–80k annually with 20% down. FHA loans with minimal down let you buy with less cash but require similar income due to higher monthly costs.
Is $250k a good first home price?
For many markets it's ideal — manageable monthly payments, quick equity build-up, and room to move up later.
How much interest on a $250k mortgage?
With 20% down ($200k loan) at 6.75% for 30 years, total interest is approximately $267,000 — more than the original loan.