706k Interest Only Loan Calculator

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Loan Payment Details
Monthly Payment
Loan Type
Interest Rate
What's the monthly payment on a 706,000 interest only loan?
Take the annual interest rate, divide by 12, and then multiply by the loan amount.
706,000 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 706,000 interest only loan.
Rate Monthly Payment
0.50% $3,530
1.00% $7,060
1.50% $10,590
2.00% $14,120
2.50% $17,650
3.00% $21,180
3.50% $24,710
4.00% $28,240
4.50% $31,770
5.00% $35,300
Rate Monthly Payment
5.50% $38,830
6.00% $42,360
6.50% $45,890
7.00% $49,420
7.50% $52,950
8.00% $56,480
8.50% $60,010
9.00% $63,540
9.50% $67,070
10.00% $70,600
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