138k Interest Only Loan Calculator

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Loan Payment Details
Monthly Payment
Loan Type
Interest Rate
What's the monthly payment on a 138,000 interest only loan?
Take the annual interest rate, divide by 12, and then multiply by the loan amount.
138,000 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 138,000 interest only loan.
Rate Monthly Payment
0.50% $690
1.00% $1,380
1.50% $2,070
2.00% $2,760
2.50% $3,450
3.00% $4,140
3.50% $4,830
4.00% $5,520
4.50% $6,210
5.00% $6,900
Rate Monthly Payment
5.50% $7,590
6.00% $8,280
6.50% $8,970
7.00% $9,660
7.50% $10,350
8.00% $11,040
8.50% $11,730
9.00% $12,420
9.50% $13,110
10.00% $13,800
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