122k Interest Only Loan Calculator

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Loan Payment Details
Monthly Payment
Loan Type
Interest Rate
What's the monthly payment on a 122,000 interest only loan?
Take the annual interest rate, divide by 12, and then multiply by the loan amount.
122,000 x Interest Rate (as a decimal) ÷ 12
An interest only loan just pays the interest so no principal is paid off. The loan typically has a specified term. When that term ends the loan must be repaid or refinanced.
View a table of monthly payments for a 122,000 interest only loan.
Rate Monthly Payment
0.50% $610
1.00% $1,220
1.50% $1,830
2.00% $2,440
2.50% $3,050
3.00% $3,660
3.50% $4,270
4.00% $4,880
4.50% $5,490
5.00% $6,100
Rate Monthly Payment
5.50% $6,710
6.00% $7,320
6.50% $7,930
7.00% $8,540
7.50% $9,150
8.00% $9,760
8.50% $10,370
9.00% $10,980
9.50% $11,590
10.00% $12,200
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