405k Interest Only Loan Calculator

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Loan Payment Details
Monthly Payment
Loan Type
Interest Rate
What's the monthly payment on a 405,000 interest only loan?
Take the annual interest rate, divide by 12, and then multiply by the loan amount.
405,000 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 405,000 interest only loan.
Rate Monthly Payment
0.50% $2,025
1.00% $4,050
1.50% $6,075
2.00% $8,100
2.50% $10,125
3.00% $12,150
3.50% $14,175
4.00% $16,200
4.50% $18,225
5.00% $20,250
Rate Monthly Payment
5.50% $22,275
6.00% $24,300
6.50% $26,325
7.00% $28,350
7.50% $30,375
8.00% $32,400
8.50% $34,425
9.00% $36,450
9.50% $38,475
10.00% $40,500
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