What's the monthly payment on a 325,000 interest only loan?
Take the annual interest rate, divide by 12, and then multiply by the loan amount.
325,000 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 325,000 interest only loan.
Rate |
Monthly Payment |
0.50% |
$1,625 |
1.00% |
$3,250 |
1.50% |
$4,875 |
2.00% |
$6,500 |
2.50% |
$8,125 |
3.00% |
$9,750 |
3.50% |
$11,375 |
4.00% |
$13,000 |
4.50% |
$14,625 |
5.00% |
$16,250 |
Rate |
Monthly Payment |
5.50% |
$17,875 |
6.00% |
$19,500 |
6.50% |
$21,125 |
7.00% |
$22,750 |
7.50% |
$24,375 |
8.00% |
$26,000 |
8.50% |
$27,625 |
9.00% |
$29,250 |
9.50% |
$30,875 |
10.00% |
$32,500 |
More Loan Amounts
$326,000 |
$327,000 |
$328,000 |
$329,000 |
$330,000 |
$331,000 |
$332,000 |
$333,000 |
$334,000 |
$335,000 |
$336,000 |
$337,000 |
$338,000 |
$339,000 |
$340,000 |
$341,000 |
$342,000 |
$343,000 |
$344,000 |
$345,000 |
$346,000 |
$347,000 |
$348,000 |
$349,000 |
$350,000 |
$351,000 |
$352,000 |
$353,000 |
$354,000 |
$355,000 |