128k Interest Only Loan Calculator

$
%
Loan Payment Details
Monthly Payment
Loan Type
Interest Rate
What's the monthly payment on a 128,000 interest only loan?
Take the annual interest rate, divide by 12, and then multiply by the loan amount.
128,000 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 128,000 interest only loan.
Rate Monthly Payment
0.50% $640
1.00% $1,280
1.50% $1,920
2.00% $2,560
2.50% $3,200
3.00% $3,840
3.50% $4,480
4.00% $5,120
4.50% $5,760
5.00% $6,400
Rate Monthly Payment
5.50% $7,040
6.00% $7,680
6.50% $8,320
7.00% $8,960
7.50% $9,600
8.00% $10,240
8.50% $10,880
9.00% $11,520
9.50% $12,160
10.00% $12,800
More Loan Amounts