631k Interest Only Loan Calculator

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Loan Payment Details
Monthly Payment
Loan Type
Interest Rate
What's the monthly payment on a 631,000 interest only loan?
Take the annual interest rate, divide by 12, and then multiply by the loan amount.
631,000 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 631,000 interest only loan.
Rate Monthly Payment
0.50% $3,155
1.00% $6,310
1.50% $9,465
2.00% $12,620
2.50% $15,775
3.00% $18,930
3.50% $22,085
4.00% $25,240
4.50% $28,395
5.00% $31,550
Rate Monthly Payment
5.50% $34,705
6.00% $37,860
6.50% $41,015
7.00% $44,170
7.50% $47,325
8.00% $50,480
8.50% $53,635
9.00% $56,790
9.50% $59,945
10.00% $63,100
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