712k Interest Only Loan Calculator

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Loan Payment Details
Monthly Payment
Loan Type
Interest Rate
What's the monthly payment on a 712,000 interest only loan?
Take the annual interest rate, divide by 12, and then multiply by the loan amount.
712,000 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 712,000 interest only loan.
Rate Monthly Payment
0.50% $3,560
1.00% $7,120
1.50% $10,680
2.00% $14,240
2.50% $17,800
3.00% $21,360
3.50% $24,920
4.00% $28,480
4.50% $32,040
5.00% $35,600
Rate Monthly Payment
5.50% $39,160
6.00% $42,720
6.50% $46,280
7.00% $49,840
7.50% $53,400
8.00% $56,960
8.50% $60,520
9.00% $64,080
9.50% $67,640
10.00% $71,200
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