What's the monthly payment on a 275,000 interest only loan?
Take the annual interest rate, divide by 12, and then multiply by the loan amount.
| 275,000 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 275,000 interest only loan.
| Rate |
Monthly Payment |
| 0.50% |
$1,375 |
| 1.00% |
$2,750 |
| 1.50% |
$4,125 |
| 2.00% |
$5,500 |
| 2.50% |
$6,875 |
| 3.00% |
$8,250 |
| 3.50% |
$9,625 |
| 4.00% |
$11,000 |
| 4.50% |
$12,375 |
| 5.00% |
$13,750 |
| Rate |
Monthly Payment |
| 5.50% |
$15,125 |
| 6.00% |
$16,500 |
| 6.50% |
$17,875 |
| 7.00% |
$19,250 |
| 7.50% |
$20,625 |
| 8.00% |
$22,000 |
| 8.50% |
$23,375 |
| 9.00% |
$24,750 |
| 9.50% |
$26,125 |
| 10.00% |
$27,500 |
More Loan Amounts
| $276,000 |
| $277,000 |
| $278,000 |
| $279,000 |
| $280,000 |
| $281,000 |
| $282,000 |
| $283,000 |
| $284,000 |
| $285,000 |
| $286,000 |
| $287,000 |
| $288,000 |
| $289,000 |
| $290,000 |
| $291,000 |
| $292,000 |
| $293,000 |
| $294,000 |
| $295,000 |
| $296,000 |
| $297,000 |
| $298,000 |
| $299,000 |
| $300,000 |
| $301,000 |
| $302,000 |
| $303,000 |
| $304,000 |
| $305,000 |