What's the monthly payment on a 150,000 interest only loan?
Take the annual interest rate, divide by 12, and then multiply by the loan amount.
| 150,000 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 150,000 interest only loan.
| Rate |
Monthly Payment |
| 0.50% |
$750 |
| 1.00% |
$1,500 |
| 1.50% |
$2,250 |
| 2.00% |
$3,000 |
| 2.50% |
$3,750 |
| 3.00% |
$4,500 |
| 3.50% |
$5,250 |
| 4.00% |
$6,000 |
| 4.50% |
$6,750 |
| 5.00% |
$7,500 |
| Rate |
Monthly Payment |
| 5.50% |
$8,250 |
| 6.00% |
$9,000 |
| 6.50% |
$9,750 |
| 7.00% |
$10,500 |
| 7.50% |
$11,250 |
| 8.00% |
$12,000 |
| 8.50% |
$12,750 |
| 9.00% |
$13,500 |
| 9.50% |
$14,250 |
| 10.00% |
$15,000 |
More Loan Amounts
| $151,000 |
| $152,000 |
| $153,000 |
| $154,000 |
| $155,000 |
| $156,000 |
| $157,000 |
| $158,000 |
| $159,000 |
| $160,000 |
| $161,000 |
| $162,000 |
| $163,000 |
| $164,000 |
| $165,000 |
| $166,000 |
| $167,000 |
| $168,000 |
| $169,000 |
| $170,000 |
| $171,000 |
| $172,000 |
| $173,000 |
| $174,000 |
| $175,000 |
| $176,000 |
| $177,000 |
| $178,000 |
| $179,000 |
| $180,000 |