412k Interest Only Loan Calculator

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Loan Payment Details
Monthly Payment
Loan Type
Interest Rate
What's the monthly payment on a 412,000 interest only loan?
Take the annual interest rate, divide by 12, and then multiply by the loan amount.
412,000 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 412,000 interest only loan.
Rate Monthly Payment
0.50% $2,060
1.00% $4,120
1.50% $6,180
2.00% $8,240
2.50% $10,300
3.00% $12,360
3.50% $14,420
4.00% $16,480
4.50% $18,540
5.00% $20,600
Rate Monthly Payment
5.50% $22,660
6.00% $24,720
6.50% $26,780
7.00% $28,840
7.50% $30,900
8.00% $32,960
8.50% $35,020
9.00% $37,080
9.50% $39,140
10.00% $41,200
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