What's the monthly payment on a 1,250,000 interest only loan?
Take the annual interest rate, divide by 12, and then multiply by the loan amount.
| 1,250,000 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 1,250,000 interest only loan.
| Rate |
Monthly Payment |
| 0.50% |
$6,250 |
| 1.00% |
$12,500 |
| 1.50% |
$18,750 |
| 2.00% |
$25,000 |
| 2.50% |
$31,250 |
| 3.00% |
$37,500 |
| 3.50% |
$43,750 |
| 4.00% |
$50,000 |
| 4.50% |
$56,250 |
| 5.00% |
$62,500 |
| Rate |
Monthly Payment |
| 5.50% |
$68,750 |
| 6.00% |
$75,000 |
| 6.50% |
$81,250 |
| 7.00% |
$87,500 |
| 7.50% |
$93,750 |
| 8.00% |
$100,000 |
| 8.50% |
$106,250 |
| 9.00% |
$112,500 |
| 9.50% |
$118,750 |
| 10.00% |
$125,000 |