407k Interest Only Loan Calculator

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Loan Payment Details
Monthly Payment
Loan Type
Interest Rate
What's the monthly payment on a 407,000 interest only loan?
Take the annual interest rate, divide by 12, and then multiply by the loan amount.
407,000 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 407,000 interest only loan.
Rate Monthly Payment
0.50% $2,035
1.00% $4,070
1.50% $6,105
2.00% $8,140
2.50% $10,175
3.00% $12,210
3.50% $14,245
4.00% $16,280
4.50% $18,315
5.00% $20,350
Rate Monthly Payment
5.50% $22,385
6.00% $24,420
6.50% $26,455
7.00% $28,490
7.50% $30,525
8.00% $32,560
8.50% $34,595
9.00% $36,630
9.50% $38,665
10.00% $40,700
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