What's the monthly payment on a 500,000 interest only loan?
Take the annual interest rate, divide by 12, and then multiply by the loan amount.
| 500,000 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 500,000 interest only loan.
| Rate |
Monthly Payment |
| 0.50% |
$2,500 |
| 1.00% |
$5,000 |
| 1.50% |
$7,500 |
| 2.00% |
$10,000 |
| 2.50% |
$12,500 |
| 3.00% |
$15,000 |
| 3.50% |
$17,500 |
| 4.00% |
$20,000 |
| 4.50% |
$22,500 |
| 5.00% |
$25,000 |
| Rate |
Monthly Payment |
| 5.50% |
$27,500 |
| 6.00% |
$30,000 |
| 6.50% |
$32,500 |
| 7.00% |
$35,000 |
| 7.50% |
$37,500 |
| 8.00% |
$40,000 |
| 8.50% |
$42,500 |
| 9.00% |
$45,000 |
| 9.50% |
$47,500 |
| 10.00% |
$50,000 |
More Loan Amounts
| $501,000 |
| $502,000 |
| $503,000 |
| $504,000 |
| $505,000 |
| $506,000 |
| $507,000 |
| $508,000 |
| $509,000 |
| $510,000 |
| $511,000 |
| $512,000 |
| $513,000 |
| $514,000 |
| $515,000 |
| $516,000 |
| $517,000 |
| $518,000 |
| $519,000 |
| $520,000 |
| $521,000 |
| $522,000 |
| $523,000 |
| $524,000 |
| $525,000 |
| $526,000 |
| $527,000 |
| $528,000 |
| $529,000 |
| $530,000 |