$200,000 mortgage payment by interest rate
| Rate | 30 years | 20 years | 15 years |
|---|---|---|---|
| 5% | $1,074 | $1,320 | $1,582 |
| 5.5% | $1,136 | $1,376 | $1,634 |
| 6% | $1,199 | $1,433 | $1,688 |
| 6.5% | $1,264 | $1,491 | $1,742 |
| 7% | $1,331 | $1,551 | $1,798 |
| 7.5% | $1,398 | $1,611 | $1,854 |
| 8% | $1,468 | $1,673 | $1,911 |
Monthly principal and interest only.
Total interest on a $200,000 mortgage
| Rate | 30 years | 15 years |
|---|---|---|
| 5% | $186,512 | $84,686 |
| 5.5% | $208,808 | $94,150 |
| 6% | $231,676 | $103,788 |
| 6.5% | $255,089 | $113,599 |
| 7% | $279,018 | $123,578 |
| 7.5% | $303,434 | $133,724 |
| 8% | $328,310 | $144,035 |
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Frequently asked questions
What is the monthly payment on a $200,000 mortgage?
At 6.5% for 30 years, a $200,000 mortgage costs $1,264.14 a month in principal and interest. On a 15-year term at the same rate it's $1,742.21. Property tax, insurance and any PMI are extra.
How much income do I need for a $200,000 mortgage?
Using the common 28% rule and allowing about $333 a month for property tax and insurance, you'd need a household income of roughly $68,463 a year at 6.5% for 30 years.
How much interest will I pay on a $200,000 mortgage?
Over 30 years at 6.5%, total interest is about $255,089. A 15-year loan at the same rate costs about $113,599, much less, but with higher monthly payments.
Other loan amounts
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Estimates for general information only, not financial advice. See how we calculate.