### 40k Interest Only Loan Calculator

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 Loan Payment Details Monthly Payment Loan Type Interest Rate
##### What's the monthly payment on a 40,000 interest only loan?
Take the annual interest rate, divide by 12, and then multiply by the loan amount.
 40,000 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 40,000 interest only loan.
 Rate Monthly Payment 0.50% \$200 1.00% \$400 1.50% \$600 2.00% \$800 2.50% \$1,000 3.00% \$1,200 3.50% \$1,400 4.00% \$1,600 4.50% \$1,800 5.00% \$2,000
 Rate Monthly Payment 5.50% \$2,200 6.00% \$2,400 6.50% \$2,600 7.00% \$2,800 7.50% \$3,000 8.00% \$3,200 8.50% \$3,400 9.00% \$3,600 9.50% \$3,800 10.00% \$4,000
##### More Loan Amounts
 \$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 \$66,000 \$67,000 \$68,000 \$69,000 \$70,000