625k Interest Only Loan Calculator

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Loan Payment Details
Monthly Payment
Loan Type
Interest Rate
What's the monthly payment on a 625,000 interest only loan?
Take the annual interest rate, divide by 12, and then multiply by the loan amount.
625,000 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 625,000 interest only loan.
Rate Monthly Payment
0.50% $3,125
1.00% $6,250
1.50% $9,375
2.00% $12,500
2.50% $15,625
3.00% $18,750
3.50% $21,875
4.00% $25,000
4.50% $28,125
5.00% $31,250
Rate Monthly Payment
5.50% $34,375
6.00% $37,500
6.50% $40,625
7.00% $43,750
7.50% $46,875
8.00% $50,000
8.50% $53,125
9.00% $56,250
9.50% $59,375
10.00% $62,500
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