Mortgage payment on $250,000 at 6% for 15 years
The monthly payment is about $2,109.64. Total paid: $379,735.57 (interest: $129,735.57).
Try it with your own numbers — open the Mortgage Calculator →By the Free Tools Galaxy Team · Reviewed June 2026 · Calculated privately in your browser
Formula
M = P·r·(1+r)ⁿ / ((1+r)ⁿ − 1) where P = $250,000, r = 6%/12 monthly, n = 180 payments
Step-by-step explanation
For a $250,000 loan at 6% annual interest over 15 years (180 monthly payments), the principal-and-interest payment works out to about $2,109.64 a month. Over the full term you repay $379,735.57, of which $129,735.57 is interest. This is the P&I figure only — property tax, home insurance and any HOA or PMI are extra.
Frequently asked questions
What is the monthly payment on a $250,000 mortgage at 6% for 15 years?+
About $2,109.64 in principal and interest.
How much total interest will I pay?+
Roughly $129,735.57 over 15 years.
Does this include taxes and insurance?+
No — this is principal and interest only. Property tax, insurance, PMI and HOA fees are added on top.
How this is calculated
This result is computed live in your browser using the formula shown above — nothing is sent to a server. Figures are estimates for general information, not professional advice; verify important decisions with a qualified expert. Last reviewed June 2026.