32k Interest Only Loan Calculator

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Loan Payment Details
Monthly Payment
Loan Type
Interest Rate
What's the monthly payment on a 32,000 interest only loan?
Take the annual interest rate, divide by 12, and then multiply by the loan amount.
32,000 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 32,000 interest only loan.
Rate Monthly Payment
0.50% $160
1.00% $320
1.50% $480
2.00% $640
2.50% $800
3.00% $960
3.50% $1,120
4.00% $1,280
4.50% $1,440
5.00% $1,600
Rate Monthly Payment
5.50% $1,760
6.00% $1,920
6.50% $2,080
7.00% $2,240
7.50% $2,400
8.00% $2,560
8.50% $2,720
9.00% $2,880
9.50% $3,040
10.00% $3,200
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