What's the monthly payment on a 50,000 interest only loan?
Take the annual interest rate, divide by 12, and then multiply by the loan amount.
| 50,000 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 50,000 interest only loan.
| Rate |
Monthly Payment |
| 0.50% |
$250 |
| 1.00% |
$500 |
| 1.50% |
$750 |
| 2.00% |
$1,000 |
| 2.50% |
$1,250 |
| 3.00% |
$1,500 |
| 3.50% |
$1,750 |
| 4.00% |
$2,000 |
| 4.50% |
$2,250 |
| 5.00% |
$2,500 |
| Rate |
Monthly Payment |
| 5.50% |
$2,750 |
| 6.00% |
$3,000 |
| 6.50% |
$3,250 |
| 7.00% |
$3,500 |
| 7.50% |
$3,750 |
| 8.00% |
$4,000 |
| 8.50% |
$4,250 |
| 9.00% |
$4,500 |
| 9.50% |
$4,750 |
| 10.00% |
$5,000 |
More Loan Amounts
| $51,000 |
| $52,000 |
| $53,000 |
| $54,000 |
| $55,000 |
| $56,000 |
| $57,000 |
| $58,000 |
| $59,000 |
| $60,000 |
| $61,000 |
| $62,000 |
| $63,000 |
| $64,000 |
| $65,000 |
| $66,000 |
| $67,000 |
| $68,000 |
| $69,000 |
| $70,000 |
| $71,000 |
| $72,000 |
| $73,000 |
| $74,000 |
| $75,000 |
| $76,000 |
| $77,000 |
| $78,000 |
| $79,000 |
| $80,000 |