711k Interest Only Loan Calculator

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Loan Payment Details
Monthly Payment
Loan Type
Interest Rate
What's the monthly payment on a 711,000 interest only loan?
Take the annual interest rate, divide by 12, and then multiply by the loan amount.
711,000 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 711,000 interest only loan.
Rate Monthly Payment
0.50% $3,555
1.00% $7,110
1.50% $10,665
2.00% $14,220
2.50% $17,775
3.00% $21,330
3.50% $24,885
4.00% $28,440
4.50% $31,995
5.00% $35,550
Rate Monthly Payment
5.50% $39,105
6.00% $42,660
6.50% $46,215
7.00% $49,770
7.50% $53,325
8.00% $56,880
8.50% $60,435
9.00% $63,990
9.50% $67,545
10.00% $71,100
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