What's the monthly payment on a 250,000 interest only loan?
Take the annual interest rate, divide by 12, and then multiply by the loan amount.
| 250,000 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 250,000 interest only loan.
| Rate |
Monthly Payment |
| 0.50% |
$1,250 |
| 1.00% |
$2,500 |
| 1.50% |
$3,750 |
| 2.00% |
$5,000 |
| 2.50% |
$6,250 |
| 3.00% |
$7,500 |
| 3.50% |
$8,750 |
| 4.00% |
$10,000 |
| 4.50% |
$11,250 |
| 5.00% |
$12,500 |
| Rate |
Monthly Payment |
| 5.50% |
$13,750 |
| 6.00% |
$15,000 |
| 6.50% |
$16,250 |
| 7.00% |
$17,500 |
| 7.50% |
$18,750 |
| 8.00% |
$20,000 |
| 8.50% |
$21,250 |
| 9.00% |
$22,500 |
| 9.50% |
$23,750 |
| 10.00% |
$25,000 |
More Loan Amounts
| $251,000 |
| $252,000 |
| $253,000 |
| $254,000 |
| $255,000 |
| $256,000 |
| $257,000 |
| $258,000 |
| $259,000 |
| $260,000 |
| $261,000 |
| $262,000 |
| $263,000 |
| $264,000 |
| $265,000 |
| $266,000 |
| $267,000 |
| $268,000 |
| $269,000 |
| $270,000 |
| $271,000 |
| $272,000 |
| $273,000 |
| $274,000 |
| $275,000 |
| $276,000 |
| $277,000 |
| $278,000 |
| $279,000 |
| $280,000 |