What's the monthly payment on a 425,000 interest only loan?
Take the annual interest rate, divide by 12, and then multiply by the loan amount.
| 425,000 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 425,000 interest only loan.
| Rate |
Monthly Payment |
| 0.50% |
$2,125 |
| 1.00% |
$4,250 |
| 1.50% |
$6,375 |
| 2.00% |
$8,500 |
| 2.50% |
$10,625 |
| 3.00% |
$12,750 |
| 3.50% |
$14,875 |
| 4.00% |
$17,000 |
| 4.50% |
$19,125 |
| 5.00% |
$21,250 |
| Rate |
Monthly Payment |
| 5.50% |
$23,375 |
| 6.00% |
$25,500 |
| 6.50% |
$27,625 |
| 7.00% |
$29,750 |
| 7.50% |
$31,875 |
| 8.00% |
$34,000 |
| 8.50% |
$36,125 |
| 9.00% |
$38,250 |
| 9.50% |
$40,375 |
| 10.00% |
$42,500 |
More Loan Amounts
| $426,000 |
| $427,000 |
| $428,000 |
| $429,000 |
| $430,000 |
| $431,000 |
| $432,000 |
| $433,000 |
| $434,000 |
| $435,000 |
| $436,000 |
| $437,000 |
| $438,000 |
| $439,000 |
| $440,000 |
| $441,000 |
| $442,000 |
| $443,000 |
| $444,000 |
| $445,000 |
| $446,000 |
| $447,000 |
| $448,000 |
| $449,000 |
| $450,000 |
| $451,000 |
| $452,000 |
| $453,000 |
| $454,000 |
| $455,000 |