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Mortgage Calculator for a $200,000 Home

Estimate monthly payments, compare rates, and see down payment options for a $200,000 home purchase.

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Estimated Monthly Payment
Principal & Interest
Property Tax
Loan Amount
Total Interest (over loan)

Mortgage Calculator for a $200,000 Home

Buying a $200,000 home? Use the calculator above to estimate your monthly mortgage payment based on your down payment, interest rate, and loan term. Below are pre-calculated payment scenarios.

Monthly Payments by Down Payment

Down PaymentLoan Amount30-Year @ 6.75%15-Year @ 6%
3% ($6,000)$194,000$1,258/mo$1,637/mo
5% ($10,000)$190,000$1,232/mo$1,603/mo
10% ($20,000)$180,000$1,167/mo$1,519/mo
15% ($30,000)$170,000$1,103/mo$1,435/mo
20% ($40,000)$160,000$1,038/mo$1,350/mo

Payment at Different Interest Rates (20% Down, 30-Year)

Interest RateMonthly Payment (30-Year)Total Interest Paid
5.00%$859$149,209
5.50%$908$167,046
6.00%$959$185,341
6.25%$985$194,653
6.50%$1,011$204,071
6.75%$1,038$213,593
7.00%$1,064$223,214
7.25%$1,091$232,934
7.50%$1,119$242,748
8.00%$1,174$262,648

More Mortgage Calculators

$100,000 Home — ~$519/mo$150,000 Home — ~$778/mo$250,000 Home — ~$1,297/mo$300,000 Home — ~$1,557/mo$350,000 Home — ~$1,816/mo$400,000 Home — ~$2,076/mo$450,000 Home — ~$2,335/mo$500,000 Home — ~$2,594/moGeneral Mortgage Calculator

Frequently Asked Questions

What is the monthly mortgage payment for a $200,000 house?
With 20% down ($40,000), a 6.75% rate on a 30-year loan, the estimated monthly principal & interest payment is approximately $1,038. Add property taxes and insurance for the total payment.
How much down payment do I need for a $200,000 home?
Conventional loans typically require 5-20% down ($10,000 to $40,000). FHA loans may accept as low as 3.5% ($7,000). A larger down payment means lower monthly payments and no PMI requirement at 20%.
What is the total interest paid on a $200,000 mortgage?
With 20% down at 6.75% over 30 years, you would pay approximately $213,593 in total interest. A 15-year term significantly reduces total interest paid.
Should I choose a 15-year or 30-year mortgage for a $200,000 home?
A 15-year mortgage on a $200,000 home has higher monthly payments (~$1,350) but saves significantly on total interest compared to a 30-year term (~$1,038/mo). Choose based on your budget and financial goals.
How does interest rate affect my mortgage payment on a $200,000 home?
Each 0.5% rate increase on a $160,000 loan (20% down) adds roughly $54 to your monthly payment. Locking in a lower rate can save tens of thousands over the life of the loan.