What's the monthly payment on a 675,000 interest only loan?
Take the annual interest rate, divide by 12, and then multiply by the loan amount.
| 675,000 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 675,000 interest only loan.
| Rate |
Monthly Payment |
| 0.50% |
$3,375 |
| 1.00% |
$6,750 |
| 1.50% |
$10,125 |
| 2.00% |
$13,500 |
| 2.50% |
$16,875 |
| 3.00% |
$20,250 |
| 3.50% |
$23,625 |
| 4.00% |
$27,000 |
| 4.50% |
$30,375 |
| 5.00% |
$33,750 |
| Rate |
Monthly Payment |
| 5.50% |
$37,125 |
| 6.00% |
$40,500 |
| 6.50% |
$43,875 |
| 7.00% |
$47,250 |
| 7.50% |
$50,625 |
| 8.00% |
$54,000 |
| 8.50% |
$57,375 |
| 9.00% |
$60,750 |
| 9.50% |
$64,125 |
| 10.00% |
$67,500 |
More Loan Amounts
| $676,000 |
| $677,000 |
| $678,000 |
| $679,000 |
| $680,000 |
| $681,000 |
| $682,000 |
| $683,000 |
| $684,000 |
| $685,000 |
| $686,000 |
| $687,000 |
| $688,000 |
| $689,000 |
| $690,000 |
| $691,000 |
| $692,000 |
| $693,000 |
| $694,000 |
| $695,000 |
| $696,000 |
| $697,000 |
| $698,000 |
| $699,000 |
| $700,000 |
| $701,000 |
| $702,000 |
| $703,000 |
| $704,000 |
| $705,000 |