With a $200,000 mortgage on a house, about how much would i be paying every month?

Question

including interest, mortgage ins., house ins., and taxes.
We qualify for a 30-yr fixed rate, no prepayment penalty at 6.625 interest. and we have low MI...whatever that is.
So what do you think we're looking at for a payment every month?

Answer 1

2,000.00 a month.

Answer 2

I use microsoft money I entered $200K for 30 yrs at 6.625% payment is $1280.62 a month. 25 yrs payment $1366.08 now 20 yrs $1505.90. hope this helps I'm not sure how to calculate for insurance and taxes. I entered my mortgage amount, %, yrs it gave me the exact amount that I pay per month. I just wish I knew I had this program when I bought my House 10 yrs ago I would have shortened my loan time by a few years.

Answer 3

Somewhere in the area of 1600 for your principle additional pmi and interest. Taxes will be around 200 a month and insurance will be around 50 a month. So my guess is you will be around 1850. But so much will depend on how they calculate your payments based on a variety of factors that we wouldnt know based on the info you gave.

Answer 4

$1,280.62/mo principal and interest
101.67 mortgage insurance
200.00 taxes????
60.00 insurance
1642.29 if the taxes and insurance are 260/month.

However, I can get you a better rate than 6.625%, probably .500% lower. Give me a call at 1-866-597-2968 x11.

Answer 5

A good way to get a reasonable estimate on this question is to assume $10.00 for every $1,000 mortgaged or $2,000 (10*200). This does not take into account interest rates, taxes, insurance, but it can give you a rough idea...puts you in the ballpark.

Answer 6

your payment without taxes and insurance would be $1,6332.65 a month. it depends on where you live how much it will cost all together.

Answer 7

Don't forget to add on PMI if you don't have a 20% down payment.