Question:

How much will my mortgage payment be if I have a 30-year $200,000 fixed rate at 6.375%?

Answer:

You can calculate how much your mortgage payment will be if you know the loan amount, the rate and term, as well as how much you will owe for property taxes and insurance.

For a $200,000 loan balance for 30 years at 6.375% your Principal & Interest payment will be $1247.74.

Assuming you don't have to pay PMI and that you owe $2000/yr in property taxes and $600 for homeowners insurance, your full PITI mortgage payment will be $1464.41.

Simply use a web calculator to get an idea of how much your monthly mortgage payment will be. Have in mind, though, you probably will be paying PMI and perhaps some other taxes, or other property taxes and insurance, so your mortgage payment will probably exceed the above calculated amount.

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