406k Interest Only Loan Calculator

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Loan Payment Details
Monthly Payment
Loan Type
Interest Rate
What's the monthly payment on a 406,000 interest only loan?
Take the annual interest rate, divide by 12, and then multiply by the loan amount.
406,000 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 406,000 interest only loan.
Rate Monthly Payment
0.50% $2,030
1.00% $4,060
1.50% $6,090
2.00% $8,120
2.50% $10,150
3.00% $12,180
3.50% $14,210
4.00% $16,240
4.50% $18,270
5.00% $20,300
Rate Monthly Payment
5.50% $22,330
6.00% $24,360
6.50% $26,390
7.00% $28,420
7.50% $30,450
8.00% $32,480
8.50% $34,510
9.00% $36,540
9.50% $38,570
10.00% $40,600
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