606k Interest Only Loan Calculator

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Loan Payment Details
Monthly Payment
Loan Type
Interest Rate
What's the monthly payment on a 606,000 interest only loan?
Take the annual interest rate, divide by 12, and then multiply by the loan amount.
606,000 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 606,000 interest only loan.
Rate Monthly Payment
0.50% $3,030
1.00% $6,060
1.50% $9,090
2.00% $12,120
2.50% $15,150
3.00% $18,180
3.50% $21,210
4.00% $24,240
4.50% $27,270
5.00% $30,300
Rate Monthly Payment
5.50% $33,330
6.00% $36,360
6.50% $39,390
7.00% $42,420
7.50% $45,450
8.00% $48,480
8.50% $51,510
9.00% $54,540
9.50% $57,570
10.00% $60,600
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