$200 a Month Mortgage

How much mortgage can you get for $200 a month? Calculate home price based on $200 monthly payment.
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With the parameters you selected, \${$pageVals->prettyPayment}/mo will pay for a {$big} home loan.

This does not include the cost of insurance, repairs, taxes, PMI, HSA dues, or other costs.

How expensive of a home can I buy for $200 a month?
This calculates the amount of a mortgage that you can get with a $200 monthly payment. This is calculated based on the monthly payment, interest rate APR, and loan length. Add the down payment to the loan amount to find the total amount of the house that 200/month will afford.
What other costs do I need to consider?
Property Taxes: After the mortgage, your property taxes are usually the biggest expense in a property. Taxes are usually reset to a higher amount after you buy a home. A quick way to estimate your property taxes is to find your local millage rate and multiply by the taxable value of your home. The previous owner typically has a lower taxable value than your purchase price. When the taxable value is reset, your property taxes could increase significantly.
Maintenance: Over time, things break and need to be repaired. Consider these regular costs.
HOA Fees: If you buy a condo, HOA fees can be a large expense and these typically increase over time as the property ages.
Home Insurance: Home insurance is typically not too big of an expense but this can vary by region.
Mortgage Fees: Compare mortgages based on both interest rates and fees. Fees can vary widely based on the mortgage provider.
Down Payment: A standard down payment on a 30 year fixed rate mortgage is 20% of the purchase price however many loan programs offer lower down payments.
Mortgage Amount by Monthly Payment - 30 Year Fixed Mortgage
Payment 3% APR 4% APR 5% APR 6% APR 7% APR
200 / mo 47,438 41,892 37,256 33,358 30,062
205 / mo 48,624 42,940 38,188 34,192 30,813
210 / mo 49,810 43,987 39,119 35,026 31,565
215 / mo 50,996 45,034 40,051 35,860 32,316
220 / mo 52,182 46,081 40,982 36,694 33,068
225 / mo 53,368 47,129 41,913 37,528 33,819
230 / mo 54,554 48,176 42,845 38,362 34,571
235 / mo 55,740 49,223 43,776 39,196 35,322
240 / mo 56,925 50,271 44,708 40,030 36,074
245 / mo 58,111 51,318 45,639 40,864 36,825
250 / mo 59,297 52,365 46,570 41,698 37,577
255 / mo 60,483 53,413 47,502 42,532 38,328
260 / mo 61,669 54,460 48,433 43,366 39,080
265 / mo 62,855 55,507 49,365 44,200 39,832
270 / mo 64,041 56,555 50,296 45,034 40,583
275 / mo 65,227 57,602 51,227 45,868 41,335
280 / mo 66,413 58,649 52,159 46,702 42,086
285 / mo 67,599 59,696 53,090 47,536 42,838
290 / mo 68,785 60,744 54,022 48,370 43,589
295 / mo 69,971 61,791 54,953 49,204 44,341
300 / mo 71,157 62,838 55,884 50,037 45,092
Loan Amount by Rate. 30 year fixed, $200/mo
Interest Rate Mortgage
2.000% 54,110
2.125% 53,205
2.250% 52,322
2.375% 51,460
2.500% 50,617
2.625% 49,795
2.750% 48,991
2.875% 48,205
3.000% 47,438
3.125% 46,688
3.250% 45,955
3.375% 45,239
3.500% 44,539
3.625% 43,855
3.750% 43,186
3.875% 42,532
4.000% 41,892
4.125% 41,267
4.250% 40,655
4.375% 40,057
4.500% 39,472
4.625% 38,900
4.750% 38,340
4.875% 37,792
5.000% 37,256
5.125% 36,732
5.250% 36,219
5.375% 35,716
5.500% 35,224
5.625% 34,743
5.750% 34,272
5.875% 33,810
6.000% 33,358
6.125% 32,916
6.250% 32,482
6.375% 32,058
6.500% 31,642
6.625% 31,235
6.750% 30,836
6.875% 30,445
7.000% 30,062