Monthly payment on a $200,000 mortgage
A $200,000 loan at the current average 30-year fixed rate of 6.76% (Freddie Mac, week of September 10, 2026) works out to about $1,299 a month in principal and interest. Property taxes, homeowners insurance, and any PMI or HOA dues are added on top. Change the rate or term below to match a quote.
$1,298.53 / month
- Total interest
- $267,466
- Total paid
- $467,466
- Payoff
- 30.0 years
Payment by rate and term
Monthly principal and interest on a $200,000 loan at each rate, for 30-, 20-, and 15-year terms.
| Rate | 30-year | 20-year | 15-year |
|---|---|---|---|
| 5.50% | $1,136 | $1,376 | $1,634 |
| 5.75% | $1,167 | $1,404 | $1,661 |
| 6.00% | $1,199 | $1,433 | $1,688 |
| 6.25% | $1,231 | $1,462 | $1,715 |
| 6.50% | $1,264 | $1,491 | $1,742 |
| 6.75% | $1,297 | $1,521 | $1,770 |
| 7.00% | $1,331 | $1,551 | $1,798 |
| 7.25% | $1,364 | $1,581 | $1,826 |
| 7.50% | $1,398 | $1,611 | $1,854 |
| 7.75% | $1,433 | $1,642 | $1,883 |
| 8.00% | $1,468 | $1,673 | $1,911 |
Total cost over 30 years
- Total interest at 6.76%: $267,466
- Total of all payments: $467,466 (the $200,000 borrowed plus interest)
Income needed
Keeping the full housing payment near 28% of gross income — the standard front-end lending guideline — and allowing a rough amount for taxes and insurance, a $200,000 mortgage points to a household income of about $71,544 a year. Existing car or student-loan payments lower that ceiling through the 36% total-debt rule.