$200,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $200k home. Change the numbers to see different options. This calc can be used for car loans, debt, real estate, home purchase, etc.
Can I afford a 200,000 dollar house? It depends. In addition to the mortgage payment, a home also has insurance, maintenance, and taxes. Taxes can vary drastically by area. A very rough estimate is to not spend more than 30% of your income on housing.
How do I get a mortgage? A simple first step is to talk to a local banker and fill out a mortgage application. Then consider other offers, either local or online.
How much of a down payment should I make? Here's a little chart that shows monthly payments based on down payment for a $200,000 house.
2% interest
0% down$739.24/mo
5% down$702.28/mo
10% down$665.32/mo
15% down$628.35/mo
20% down$591.39/mo
25% down$554.43/mo
30% down$517.47/mo
35% down$480.51/mo
40% down$443.54/mo
45% down$406.58/mo
50% down$369.62/mo
4% interest
0% down$954.83/mo
5% down$907.09/mo
10% down$859.35/mo
15% down$811.61/mo
20% down$763.86/mo
25% down$716.12/mo
30% down$668.38/mo
35% down$620.64/mo
40% down$572.90/mo
45% down$525.16/mo
50% down$477.42/mo
6% interest
0% down$1,199.10/mo
5% down$1,139.15/mo
10% down$1,079.19/mo
15% down$1,019.24/mo
20% down$959.28/mo
25% down$899.33/mo
30% down$839.37/mo
35% down$779.42/mo
40% down$719.46/mo
45% down$659.51/mo
50% down$599.55/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 200,000 house with a 20% down payment?
($160,000 loan. 30 year mortgage)
0.25%$461.37
0.50%$478.70
0.75%$496.46
1.00%$514.62
1.25%$533.20
1.50%$552.19
1.75%$571.59
2.00%$591.39
2.25%$611.59
2.50%$632.19
2.75%$653.19
3.00%$674.57
3.25%$696.33
3.50%$718.47
3.75%$740.98
4.00%$763.86
4.25%$787.10
4.50%$810.70
4.75%$834.64
5.00%$858.91
5.25%$883.53
5.50%$908.46
5.75%$933.72
6.00%$959.28
6.25%$985.15
6.50%$1,011.31
6.75%$1,037.76
7.00%$1,064.48
7.25%$1,091.48
7.50%$1,118.74
7.75%$1,146.26
8.00%$1,174.02
8.25%$1,202.03
8.50%$1,230.26
8.75%$1,258.72
9.00%$1,287.40
9.25%$1,316.28
9.50%$1,345.37
9.75%$1,374.65
10.00%$1,404.11
10.25%$1,433.76
10.50%$1,463.58
10.75%$1,493.57
11.00%$1,523.72
11.25%$1,554.02
11.50%$1,584.47
11.75%$1,615.06
12.00%$1,645.78