616k Interest Only Loan Calculator

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Loan Payment Details
Monthly Payment
Loan Type
Interest Rate
What's the monthly payment on a 616,000 interest only loan?
Take the annual interest rate, divide by 12, and then multiply by the loan amount.
616,000 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 616,000 interest only loan.
Rate Monthly Payment
0.50% $3,080
1.00% $6,160
1.50% $9,240
2.00% $12,320
2.50% $15,400
3.00% $18,480
3.50% $21,560
4.00% $24,640
4.50% $27,720
5.00% $30,800
Rate Monthly Payment
5.50% $33,880
6.00% $36,960
6.50% $40,040
7.00% $43,120
7.50% $46,200
8.00% $49,280
8.50% $52,360
9.00% $55,440
9.50% $58,520
10.00% $61,600
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