615k Interest Only Loan Calculator

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Loan Payment Details
Monthly Payment
Loan Type
Interest Rate
What's the monthly payment on a 615,000 interest only loan?
Take the annual interest rate, divide by 12, and then multiply by the loan amount.
615,000 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 615,000 interest only loan.
Rate Monthly Payment
0.50% $3,075
1.00% $6,150
1.50% $9,225
2.00% $12,300
2.50% $15,375
3.00% $18,450
3.50% $21,525
4.00% $24,600
4.50% $27,675
5.00% $30,750
Rate Monthly Payment
5.50% $33,825
6.00% $36,900
6.50% $39,975
7.00% $43,050
7.50% $46,125
8.00% $49,200
8.50% $52,275
9.00% $55,350
9.50% $58,425
10.00% $61,500
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