6 Homes Compared: What Can $200,000 Get You?

Katherine Muniz

By , Staff Writer
Posted on Thu Sep 19, 2013, Last Updated on Thu Sep 19, 2013

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6 Homes Compared: What Can $200,000 Get You?

Zillow source

Saving up for a home that costs $200,000 isn’t easy! Depending on the home’s location, you can live like a prince… or a pauper.

Two hundred thousand spent in different cities in the U.S. can get you drastically different properties. One of the homes in our slideshow comes with four beds and four bathrooms — another home comes with just one bathroom. That’s right, one bathroom, not even a bedroom!

Regardless of the property you decide to purchase, you’ll need to choose a payment plan and mortgage. Mortgage options will also vary from state to state.

  • For example, a California buyer choosing an attractive loan might opt to get a mortgage through AimLoan, which is currently offering a 30-year fixed rate mortgage with 4.17% APR, and a 4.125% rate, weighing in at a monthly payment of $969.30. 
  • A New York City buyer might opt to get a mortgage through First Internet Bank, which currently offers a 30-year fixed rate mortgage with 4.25% APR, and a 4.25% rate, weighing in at a monthly payment of $983.88.

Check out what $200,000 can get you these days…

6 Homes Compared: What Can $200,000 Get You?

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