What's the monthly payment on a 200,000 interest only loan?
Take the annual interest rate, divide by 12, and then multiply by the loan amount.
| 200,000 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 200,000 interest only loan.
| Rate |
Monthly Payment |
| 0.50% |
$1,000 |
| 1.00% |
$2,000 |
| 1.50% |
$3,000 |
| 2.00% |
$4,000 |
| 2.50% |
$5,000 |
| 3.00% |
$6,000 |
| 3.50% |
$7,000 |
| 4.00% |
$8,000 |
| 4.50% |
$9,000 |
| 5.00% |
$10,000 |
| Rate |
Monthly Payment |
| 5.50% |
$11,000 |
| 6.00% |
$12,000 |
| 6.50% |
$13,000 |
| 7.00% |
$14,000 |
| 7.50% |
$15,000 |
| 8.00% |
$16,000 |
| 8.50% |
$17,000 |
| 9.00% |
$18,000 |
| 9.50% |
$19,000 |
| 10.00% |
$20,000 |
More Loan Amounts
| $201,000 |
| $202,000 |
| $203,000 |
| $204,000 |
| $205,000 |
| $206,000 |
| $207,000 |
| $208,000 |
| $209,000 |
| $210,000 |
| $211,000 |
| $212,000 |
| $213,000 |
| $214,000 |
| $215,000 |
| $216,000 |
| $217,000 |
| $218,000 |
| $219,000 |
| $220,000 |
| $221,000 |
| $222,000 |
| $223,000 |
| $224,000 |
| $225,000 |
| $226,000 |
| $227,000 |
| $228,000 |
| $229,000 |
| $230,000 |