618k Interest Only Loan Calculator

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Loan Payment Details
Monthly Payment
Loan Type
Interest Rate
What's the monthly payment on a 618,000 interest only loan?
Take the annual interest rate, divide by 12, and then multiply by the loan amount.
618,000 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 618,000 interest only loan.
Rate Monthly Payment
0.50% $3,090
1.00% $6,180
1.50% $9,270
2.00% $12,360
2.50% $15,450
3.00% $18,540
3.50% $21,630
4.00% $24,720
4.50% $27,810
5.00% $30,900
Rate Monthly Payment
5.50% $33,990
6.00% $37,080
6.50% $40,170
7.00% $43,260
7.50% $46,350
8.00% $49,440
8.50% $52,530
9.00% $55,620
9.50% $58,710
10.00% $61,800
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