Mortgage › $200,000 mortgage
$200,000 mortgage payment (2026)
A $200,000 30-year fixed mortgage at today's average rate of 6.76% costs $1,299 a month in principal and interest — $267,469 of interest over the life of the loan. A 15-year loan at 6.09% is $1,697 a month and $105,542 in interest. Add taxes, insurance and PMI below to see the full payment.
Default rate: 6.76% on a 30-year fixed and 6.09% on a 15-year — the Freddie Mac PMMS national average as of 2026-09-10 (source). Updated automatically every Thursday. Your quote depends on credit score, points and lender.
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Result
| Year | Principal | Interest | Balance |
|---|
$200,000 mortgage by interest rate
| Rate | Monthly P&I | Total interest | 15-year P&I |
|---|---|---|---|
| 5% | $1,074 | $186,512 | $1,582 |
| 5.5% | $1,136 | $208,808 | $1,634 |
| 5.75% | $1,167 | $220,172 | $1,661 |
| 6% | $1,199 | $231,676 | $1,688 |
| 6.25% | $1,231 | $243,316 | $1,715 |
| 6.5% | $1,264 | $255,089 | $1,742 |
| 6.75% | $1,297 | $266,991 | $1,770 |
| 7% | $1,331 | $279,018 | $1,798 |
| 7.25% | $1,364 | $291,167 | $1,826 |
| 7.5% | $1,398 | $303,434 | $1,854 |
| 8% | $1,468 | $328,310 | $1,911 |
Other loan amounts
Frequently asked
What income do I need for a $200,000 mortgage?
Lenders usually cap housing costs at 28% of gross income. With taxes and insurance the payment is about $1,678 a month, which needs roughly $71,901 a year before other debts. Check the affordability calculator.
How much is $200,000 at 7%?
$1,331 a month on a 30-year term, $1,798 on 15 years.