153k Interest Only Loan Calculator

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Loan Payment Details
Monthly Payment
Loan Type
Interest Rate
What's the monthly payment on a 153,000 interest only loan?
Take the annual interest rate, divide by 12, and then multiply by the loan amount.
153,000 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 153,000 interest only loan.
Rate Monthly Payment
0.50% $765
1.00% $1,530
1.50% $2,295
2.00% $3,060
2.50% $3,825
3.00% $4,590
3.50% $5,355
4.00% $6,120
4.50% $6,885
5.00% $7,650
Rate Monthly Payment
5.50% $8,415
6.00% $9,180
6.50% $9,945
7.00% $10,710
7.50% $11,475
8.00% $12,240
8.50% $13,005
9.00% $13,770
9.50% $14,535
10.00% $15,300
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