What's the monthly payment on a 130,000 interest only loan?
Take the annual interest rate, divide by 12, and then multiply by the loan amount.
| 130,000 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 130,000 interest only loan.
| Rate |
Monthly Payment |
| 0.50% |
$650 |
| 1.00% |
$1,300 |
| 1.50% |
$1,950 |
| 2.00% |
$2,600 |
| 2.50% |
$3,250 |
| 3.00% |
$3,900 |
| 3.50% |
$4,550 |
| 4.00% |
$5,200 |
| 4.50% |
$5,850 |
| 5.00% |
$6,500 |
| Rate |
Monthly Payment |
| 5.50% |
$7,150 |
| 6.00% |
$7,800 |
| 6.50% |
$8,450 |
| 7.00% |
$9,100 |
| 7.50% |
$9,750 |
| 8.00% |
$10,400 |
| 8.50% |
$11,050 |
| 9.00% |
$11,700 |
| 9.50% |
$12,350 |
| 10.00% |
$13,000 |
More Loan Amounts
| $131,000 |
| $132,000 |
| $133,000 |
| $134,000 |
| $135,000 |
| $136,000 |
| $137,000 |
| $138,000 |
| $139,000 |
| $140,000 |
| $141,000 |
| $142,000 |
| $143,000 |
| $144,000 |
| $145,000 |
| $146,000 |
| $147,000 |
| $148,000 |
| $149,000 |
| $150,000 |
| $151,000 |
| $152,000 |
| $153,000 |
| $154,000 |
| $155,000 |
| $156,000 |
| $157,000 |
| $158,000 |
| $159,000 |
| $160,000 |