What's the monthly payment on a 350,000 interest only loan?
Take the annual interest rate, divide by 12, and then multiply by the loan amount.
| 350,000 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 350,000 interest only loan.
| Rate |
Monthly Payment |
| 0.50% |
$1,750 |
| 1.00% |
$3,500 |
| 1.50% |
$5,250 |
| 2.00% |
$7,000 |
| 2.50% |
$8,750 |
| 3.00% |
$10,500 |
| 3.50% |
$12,250 |
| 4.00% |
$14,000 |
| 4.50% |
$15,750 |
| 5.00% |
$17,500 |
| Rate |
Monthly Payment |
| 5.50% |
$19,250 |
| 6.00% |
$21,000 |
| 6.50% |
$22,750 |
| 7.00% |
$24,500 |
| 7.50% |
$26,250 |
| 8.00% |
$28,000 |
| 8.50% |
$29,750 |
| 9.00% |
$31,500 |
| 9.50% |
$33,250 |
| 10.00% |
$35,000 |
More Loan Amounts
| $351,000 |
| $352,000 |
| $353,000 |
| $354,000 |
| $355,000 |
| $356,000 |
| $357,000 |
| $358,000 |
| $359,000 |
| $360,000 |
| $361,000 |
| $362,000 |
| $363,000 |
| $364,000 |
| $365,000 |
| $366,000 |
| $367,000 |
| $368,000 |
| $369,000 |
| $370,000 |
| $371,000 |
| $372,000 |
| $373,000 |
| $374,000 |
| $375,000 |
| $376,000 |
| $377,000 |
| $378,000 |
| $379,000 |
| $380,000 |