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What's the monthly payment on a 35,000 interest only loan?

Take the annual interest rate, divide by 12, and then multiply by the loan amount.

35,000 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.

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View a table of monthly payments for a 35,000 interest only loan.

Rate |
Monthly Payment |

0.50% |
$175 |

1.00% |
$350 |

1.50% |
$525 |

2.00% |
$700 |

2.50% |
$875 |

3.00% |
$1,050 |

3.50% |
$1,225 |

4.00% |
$1,400 |

4.50% |
$1,575 |

5.00% |
$1,750 |

Rate |
Monthly Payment |

5.50% |
$1,925 |

6.00% |
$2,100 |

6.50% |
$2,275 |

7.00% |
$2,450 |

7.50% |
$2,625 |

8.00% |
$2,800 |

8.50% |
$2,975 |

9.00% |
$3,150 |

9.50% |
$3,325 |

10.00% |
$3,500 |

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More Loan Amounts

$36,000 |

$37,000 |

$38,000 |

$39,000 |

$40,000 |

$41,000 |

$42,000 |

$43,000 |

$44,000 |

$45,000 |

$46,000 |

$47,000 |

$48,000 |

$49,000 |

$50,000 |

$51,000 |

$52,000 |

$53,000 |

$54,000 |

$55,000 |

$56,000 |

$57,000 |

$58,000 |

$59,000 |

$60,000 |

$61,000 |

$62,000 |

$63,000 |

$64,000 |

$65,000 |