Mortgage Payment on a $200,000 House
A $200,000 home costs about $1,345 a month with 20% down at 6.5% over 30 years, including estimated tax and insurance.
Payment on a $200,000 home
| Part of the payment | Per month |
|---|---|
| Principal and interest | $1,011 |
| Property tax (1.1% a year, est.) | $183 |
| Home insurance (est.) | $150 |
| Total | $1,345 |
This assumes 20% down ($40,000), a $160,000 loan, a 30-year fixed rate of 6.5% and an average property tax. Over 30 years you would pay about $204,071 in interest.
Payment at different interest rates
| Rate | 30-year principal and interest | 15-year principal and interest |
|---|---|---|
| 5% | $859 | $1,265 |
| 5.5% | $908 | $1,307 |
| 6% | $959 | $1,350 |
| 6.5% | $1,011 | $1,394 |
| 7% | $1,064 | $1,438 |
| 7.5% | $1,119 | $1,483 |
| 8% | $1,174 | $1,529 |
Payment with different down payments
| Down payment | Loan | Principal and interest | PMI (est.) |
|---|---|---|---|
| 5% ($10,000) | $190,000 | $1,201 | $111 |
| 10% ($20,000) | $180,000 | $1,138 | $105 |
| 15% ($30,000) | $170,000 | $1,075 | $99 |
| 20% ($40,000) | $160,000 | $1,011 | $0 |
| 25% ($50,000) | $150,000 | $948 | $0 |
PMI is private mortgage insurance, usually required with less than 20% down. The 0.7% yearly rate is an example.
Income needed
Lenders often want housing to stay near 28% of gross income. A total payment of $1,345 points to an income of roughly $58,000 a year. Your debts, credit score and down payment also matter. Try the home affordability calculator.
Frequently asked questions
How much is the mortgage payment on a $200,000 house?
About $1,345 a month with 20% down at 6.5% for 30 years, including estimated property tax and insurance. Principal and interest alone is $1,011.
How much income do I need for a $200,000 home?
About $58,000 a year using the 28% housing rule. Lenders also look at other debts.
Does the payment change over time?
With a fixed rate, principal and interest stay the same. Property tax and insurance usually rise.
Sources and method
Page last updated November 2026. See our editorial policy and disclaimer.