385k Interest Only Loan Calculator

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Loan Payment Details
Monthly Payment
Loan Type
Interest Rate
What's the monthly payment on a 385,000 interest only loan?
Take the annual interest rate, divide by 12, and then multiply by the loan amount.
385,000 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 385,000 interest only loan.
Rate Monthly Payment
0.50% $1,925
1.00% $3,850
1.50% $5,775
2.00% $7,700
2.50% $9,625
3.00% $11,550
3.50% $13,475
4.00% $15,400
4.50% $17,325
5.00% $19,250
Rate Monthly Payment
5.50% $21,175
6.00% $23,100
6.50% $25,025
7.00% $26,950
7.50% $28,875
8.00% $30,800
8.50% $32,725
9.00% $34,650
9.50% $36,575
10.00% $38,500
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