599k Interest Only Loan Calculator

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Loan Payment Details
Monthly Payment
Loan Type
Interest Rate
What's the monthly payment on a 599,000 interest only loan?
Take the annual interest rate, divide by 12, and then multiply by the loan amount.
599,000 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 599,000 interest only loan.
Rate Monthly Payment
0.50% $2,995
1.00% $5,990
1.50% $8,985
2.00% $11,980
2.50% $14,975
3.00% $17,970
3.50% $20,965
4.00% $23,960
4.50% $26,955
5.00% $29,950
Rate Monthly Payment
5.50% $32,945
6.00% $35,940
6.50% $38,935
7.00% $41,930
7.50% $44,925
8.00% $47,920
8.50% $50,915
9.00% $53,910
9.50% $56,905
10.00% $59,900
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