$200,000 mortgage payment by rate & term
The table below shows the estimated monthly payment (principal & interest only) for a $200,000 mortgage across common interest rates and loan terms.
| Rate | 15-year | 30-year |
|---|---|---|
| 5.00% | $1,582 | $1,074 |
| 5.50% | $1,634 | $1,136 |
| 6.00% | $1,688 | $1,199 |
| 6.50% | $1,742 | $1,264 |
| 7.00% | $1,798 | $1,331 |
| 7.50% | $1,854 | $1,398 |
| 8.00% | $1,911 | $1,468 |
For example, at 6.50% over 30 years, a $200,000 mortgage costs about $1,264/month.
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- Interest rate: even 0.5% changes the payment noticeably over 30 years.
- Term: 15-year loans have higher payments but far less total interest.
- Down payment: a bigger down payment lowers the financed amount.
Estimates are principal & interest only and exclude taxes, insurance and fees. For educational use, not financial advice.