Mortgage Payment on a $200,000 House
With 20% down ($40,000) and a 30-year fixed loan, the principal-and-interest payment on a $200,000 home ranges from about $908 at 5.5% to $1,119 at 7.5%. Taxes, insurance and PMI come on top.
Open a $200,000 home in the mortgage calculator
30-year payment by down payment and rate
| Down payment | 5.5% | 6.0% | 6.5% | 7.0% | 7.5% |
|---|---|---|---|---|---|
| 3.5% ($7,000) | $1,096 | $1,157 | $1,220 | $1,284 | $1,349 |
| 5% ($10,000) | $1,079 | $1,139 | $1,201 | $1,264 | $1,329 |
| 10% ($20,000) | $1,022 | $1,079 | $1,138 | $1,198 | $1,259 |
| 20% ($40,000) | $908 | $959 | $1,011 | $1,064 | $1,119 |
15-year vs 30-year (20% down, $160,000 loan)
| Rate | 30-yr payment | 15-yr payment | 30-yr interest | 15-yr interest |
|---|---|---|---|---|
| 5.5% | $908 | $1,307 | $167,046 | $75,320 |
| 6.0% | $959 | $1,350 | $185,341 | $83,031 |
| 6.5% | $1,011 | $1,394 | $204,071 | $90,879 |
| 7.0% | $1,064 | $1,438 | $223,214 | $98,863 |
| 7.5% | $1,119 | $1,483 | $242,748 | $106,980 |
The full monthly cost
A lender will add property tax, homeowners insurance and, below 20% down, PMI. Example with 10% down at 6.5% for 30 years:
| Principal & interest | $1,137.72 |
|---|---|
| Property tax at the U.S. effective rate (0.89%) | $148.33 |
| PMI at 0.5% a year (example rate) | $75.00 |
| Subtotal before insurance and HOA | $1,361.05 |
Freddie Mac estimates PMI at about $30–$70 a month per $100,000 borrowed — $54 to $126 a month on this $180,000 loan. Property tax varies by location: the same home would pay about $45 a month at Hawaii’s 0.27% effective rate and $320 at Illinois’s 1.92% (Census ACS 2024).
Income needed for a $200,000 house
Keeping that payment within 28% of gross income — a common lender guideline — takes a household income of roughly $58,331 a year, before counting insurance, HOA dues or other debts. Check your own situation with the affordability calculator.
How a $200,000 home compares
$200,000 is above the median home value in 2 of the 50 states and DC in the Census Bureau’s 2024 data. That is close to the median home value in Mississippi ($186,500), Arkansas ($215,600), Oklahoma ($222,100), Louisiana ($223,200).
Other home prices
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Sources
- U.S. Census Bureau, American Community Survey 2024 1-year estimates, table B25103 (median real estate taxes paid) and table B25077 (median value, owner-occupied units)
- Freddie Mac, “Breaking down PMI,” My Home by Freddie Mac (accessed September 2026)
- Freddie Mac, Primary Mortgage Market Survey (weekly average rates)