397k Interest Only Loan Calculator

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Loan Payment Details
Monthly Payment
Loan Type
Interest Rate
What's the monthly payment on a 397,000 interest only loan?
Take the annual interest rate, divide by 12, and then multiply by the loan amount.
397,000 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 397,000 interest only loan.
Rate Monthly Payment
0.50% $1,985
1.00% $3,970
1.50% $5,955
2.00% $7,940
2.50% $9,925
3.00% $11,910
3.50% $13,895
4.00% $15,880
4.50% $17,865
5.00% $19,850
Rate Monthly Payment
5.50% $21,835
6.00% $23,820
6.50% $25,805
7.00% $27,790
7.50% $29,775
8.00% $31,760
8.50% $33,745
9.00% $35,730
9.50% $37,715
10.00% $39,700
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