What's the monthly payment on a 175,000 interest only loan?
Take the annual interest rate, divide by 12, and then multiply by the loan amount.
| 175,000 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 175,000 interest only loan.
| Rate |
Monthly Payment |
| 0.50% |
$875 |
| 1.00% |
$1,750 |
| 1.50% |
$2,625 |
| 2.00% |
$3,500 |
| 2.50% |
$4,375 |
| 3.00% |
$5,250 |
| 3.50% |
$6,125 |
| 4.00% |
$7,000 |
| 4.50% |
$7,875 |
| 5.00% |
$8,750 |
| Rate |
Monthly Payment |
| 5.50% |
$9,625 |
| 6.00% |
$10,500 |
| 6.50% |
$11,375 |
| 7.00% |
$12,250 |
| 7.50% |
$13,125 |
| 8.00% |
$14,000 |
| 8.50% |
$14,875 |
| 9.00% |
$15,750 |
| 9.50% |
$16,625 |
| 10.00% |
$17,500 |
More Loan Amounts
| $176,000 |
| $177,000 |
| $178,000 |
| $179,000 |
| $180,000 |
| $181,000 |
| $182,000 |
| $183,000 |
| $184,000 |
| $185,000 |
| $186,000 |
| $187,000 |
| $188,000 |
| $189,000 |
| $190,000 |
| $191,000 |
| $192,000 |
| $193,000 |
| $194,000 |
| $195,000 |
| $196,000 |
| $197,000 |
| $198,000 |
| $199,000 |
| $200,000 |
| $201,000 |
| $202,000 |
| $203,000 |
| $204,000 |
| $205,000 |