What's the monthly payment on a 2,000,000 interest only loan?
Take the annual interest rate, divide by 12, and then multiply by the loan amount.
| 2,000,000 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 2,000,000 interest only loan.
| Rate |
Monthly Payment |
| 0.50% |
$10,000 |
| 1.00% |
$20,000 |
| 1.50% |
$30,000 |
| 2.00% |
$40,000 |
| 2.50% |
$50,000 |
| 3.00% |
$60,000 |
| 3.50% |
$70,000 |
| 4.00% |
$80,000 |
| 4.50% |
$90,000 |
| 5.00% |
$100,000 |
| Rate |
Monthly Payment |
| 5.50% |
$110,000 |
| 6.00% |
$120,000 |
| 6.50% |
$130,000 |
| 7.00% |
$140,000 |
| 7.50% |
$150,000 |
| 8.00% |
$160,000 |
| 8.50% |
$170,000 |
| 9.00% |
$180,000 |
| 9.50% |
$190,000 |
| 10.00% |
$200,000 |