621k Interest Only Loan Calculator

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Loan Payment Details
Monthly Payment
Loan Type
Interest Rate
What's the monthly payment on a 621,000 interest only loan?
Take the annual interest rate, divide by 12, and then multiply by the loan amount.
621,000 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 621,000 interest only loan.
Rate Monthly Payment
0.50% $3,105
1.00% $6,210
1.50% $9,315
2.00% $12,420
2.50% $15,525
3.00% $18,630
3.50% $21,735
4.00% $24,840
4.50% $27,945
5.00% $31,050
Rate Monthly Payment
5.50% $34,155
6.00% $37,260
6.50% $40,365
7.00% $43,470
7.50% $46,575
8.00% $49,680
8.50% $52,785
9.00% $55,890
9.50% $58,995
10.00% $62,100
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