409k Interest Only Loan Calculator

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Loan Payment Details
Monthly Payment
Loan Type
Interest Rate
What's the monthly payment on a 409,000 interest only loan?
Take the annual interest rate, divide by 12, and then multiply by the loan amount.
409,000 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 409,000 interest only loan.
Rate Monthly Payment
0.50% $2,045
1.00% $4,090
1.50% $6,135
2.00% $8,180
2.50% $10,225
3.00% $12,270
3.50% $14,315
4.00% $16,360
4.50% $18,405
5.00% $20,450
Rate Monthly Payment
5.50% $22,495
6.00% $24,540
6.50% $26,585
7.00% $28,630
7.50% $30,675
8.00% $32,720
8.50% $34,765
9.00% $36,810
9.50% $38,855
10.00% $40,900
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