605k Interest Only Loan Calculator

$
%
Loan Payment Details
Monthly Payment
Loan Type
Interest Rate
What's the monthly payment on a 605,000 interest only loan?
Take the annual interest rate, divide by 12, and then multiply by the loan amount.
605,000 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 605,000 interest only loan.
Rate Monthly Payment
0.50% $3,025
1.00% $6,050
1.50% $9,075
2.00% $12,100
2.50% $15,125
3.00% $18,150
3.50% $21,175
4.00% $24,200
4.50% $27,225
5.00% $30,250
Rate Monthly Payment
5.50% $33,275
6.00% $36,300
6.50% $39,325
7.00% $42,350
7.50% $45,375
8.00% $48,400
8.50% $51,425
9.00% $54,450
9.50% $57,475
10.00% $60,500
More Loan Amounts