124k Interest Only Loan Calculator

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Loan Payment Details
Monthly Payment
Loan Type
Interest Rate
What's the monthly payment on a 124,000 interest only loan?
Take the annual interest rate, divide by 12, and then multiply by the loan amount.
124,000 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 124,000 interest only loan.
Rate Monthly Payment
0.50% $620
1.00% $1,240
1.50% $1,860
2.00% $2,480
2.50% $3,100
3.00% $3,720
3.50% $4,340
4.00% $4,960
4.50% $5,580
5.00% $6,200
Rate Monthly Payment
5.50% $6,820
6.00% $7,440
6.50% $8,060
7.00% $8,680
7.50% $9,300
8.00% $9,920
8.50% $10,540
9.00% $11,160
9.50% $11,780
10.00% $12,400
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