609k Interest Only Loan Calculator

$
%
Loan Payment Details
Monthly Payment
Loan Type
Interest Rate
What's the monthly payment on a 609,000 interest only loan?
Take the annual interest rate, divide by 12, and then multiply by the loan amount.
609,000 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 609,000 interest only loan.
Rate Monthly Payment
0.50% $3,045
1.00% $6,090
1.50% $9,135
2.00% $12,180
2.50% $15,225
3.00% $18,270
3.50% $21,315
4.00% $24,360
4.50% $27,405
5.00% $30,450
Rate Monthly Payment
5.50% $33,495
6.00% $36,540
6.50% $39,585
7.00% $42,630
7.50% $45,675
8.00% $48,720
8.50% $51,765
9.00% $54,810
9.50% $57,855
10.00% $60,900
More Loan Amounts