404k Interest Only Loan Calculator

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Loan Payment Details
Monthly Payment
Loan Type
Interest Rate
What's the monthly payment on a 404,000 interest only loan?
Take the annual interest rate, divide by 12, and then multiply by the loan amount.
404,000 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 404,000 interest only loan.
Rate Monthly Payment
0.50% $2,020
1.00% $4,040
1.50% $6,060
2.00% $8,080
2.50% $10,100
3.00% $12,120
3.50% $14,140
4.00% $16,160
4.50% $18,180
5.00% $20,200
Rate Monthly Payment
5.50% $22,220
6.00% $24,240
6.50% $26,260
7.00% $28,280
7.50% $30,300
8.00% $32,320
8.50% $34,340
9.00% $36,360
9.50% $38,380
10.00% $40,400
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