401k Interest Only Loan Calculator

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Loan Payment Details
Monthly Payment
Loan Type
Interest Rate
What's the monthly payment on a 401,000 interest only loan?
Take the annual interest rate, divide by 12, and then multiply by the loan amount.
401,000 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 401,000 interest only loan.
Rate Monthly Payment
0.50% $2,005
1.00% $4,010
1.50% $6,015
2.00% $8,020
2.50% $10,025
3.00% $12,030
3.50% $14,035
4.00% $16,040
4.50% $18,045
5.00% $20,050
Rate Monthly Payment
5.50% $22,055
6.00% $24,060
6.50% $26,065
7.00% $28,070
7.50% $30,075
8.00% $32,080
8.50% $34,085
9.00% $36,090
9.50% $38,095
10.00% $40,100
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