49k Interest Only Loan Calculator

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Loan Payment Details
Monthly Payment
Loan Type
Interest Rate
What's the monthly payment on a 49,000 interest only loan?
Take the annual interest rate, divide by 12, and then multiply by the loan amount.
49,000 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 49,000 interest only loan.
Rate Monthly Payment
0.50% $245
1.00% $490
1.50% $735
2.00% $980
2.50% $1,225
3.00% $1,470
3.50% $1,715
4.00% $1,960
4.50% $2,205
5.00% $2,450
Rate Monthly Payment
5.50% $2,695
6.00% $2,940
6.50% $3,185
7.00% $3,430
7.50% $3,675
8.00% $3,920
8.50% $4,165
9.00% $4,410
9.50% $4,655
10.00% $4,900
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