$200,000 Mortgage Calculator
Monthly payment, total interest, and amortization at multiple rates — 2025.
$200,000 Mortgage — Monthly Payment by Rate
| APR | 30-yr Monthly | 30-yr Total Interest | 15-yr Monthly | 15-yr Total Interest |
|---|---|---|---|---|
| 6.5% | $1,264.14 | $255,089 | $1,742.21 | $113,599 |
| 7% | $1,330.60 | $279,018 | $1,797.66 | $123,578 |
| 7.5% | $1,398.43 | $303,434 | $1,854.02 | $133,724 |
Full Loan Calculator
Monthly Payment
$1,330.60
Total interest: $279,018
$479,018 total over 30 years
Principal vs Interest
Loan Amount | $200,000 |
APR | 7.0% |
Term | 30 years (360 months) |
Monthly Payment | $1,330.60 |
Total Principal | $200,000 |
Total Interest 58.25% of total | $279,018 |
Total Cost | $479,018 |
Frequently Asked Questions
What is the monthly payment on a $200,000 mortgage?
At 7% APR over 30 years, a $200,000 mortgage costs $1,330.60/month. At 6.5%, it's $1,264.14/month. These figures are principal + interest only; property taxes, insurance, and PMI are not included.
How much interest will I pay on a $200,000 mortgage?
Over 30 years at 7% APR, you'd pay $279,018 in total interest on a $200,000 loan — nearly 140% of the original loan. A 15-year term at the same rate costs $123,578 in interest.
Should I choose a 15-year or 30-year mortgage?
A 15-year mortgage saves significant interest but requires higher monthly payments. On a $200,000 loan at 7%, the 15-year payment is $1,797.66/month vs. $1,330.60/month for 30 years — but total interest savings are $155,440.