601k Interest Only Loan Calculator

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Loan Payment Details
Monthly Payment
Loan Type
Interest Rate
What's the monthly payment on a 601,000 interest only loan?
Take the annual interest rate, divide by 12, and then multiply by the loan amount.
601,000 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 601,000 interest only loan.
Rate Monthly Payment
0.50% $3,005
1.00% $6,010
1.50% $9,015
2.00% $12,020
2.50% $15,025
3.00% $18,030
3.50% $21,035
4.00% $24,040
4.50% $27,045
5.00% $30,050
Rate Monthly Payment
5.50% $33,055
6.00% $36,060
6.50% $39,065
7.00% $42,070
7.50% $45,075
8.00% $48,080
8.50% $51,085
9.00% $54,090
9.50% $57,095
10.00% $60,100
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