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


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.

Mortgage rates hit their lowest since 1955. Ask the home loan experts we recommend Quicken Loans how to take advantage of them.
Was this Mortgage QnA helpful?
Not at all
  • Currently 2.9/5 Stars
  • 1
  • 2
  • 3
  • 4
  • 5
Add to this Answer

Mortgage QnA is not a common forum. We have special rules:

  • Post no questions here. To ask a question, click the Ask a Question link
  • We will not publish answers that include any form of advertising
  • Add your answer only if it will contrubute to the quality of this Mortgage QnA and help future readers
If you have trouble reading the code, click on the code itself to generate a new random code. Verification Code Above:
Bookmark and share this QnA: