724k Interest Only Loan Calculator

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Loan Payment Details
Monthly Payment
Loan Type
Interest Rate
What's the monthly payment on a 724,000 interest only loan?
Take the annual interest rate, divide by 12, and then multiply by the loan amount.
724,000 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 724,000 interest only loan.
Rate Monthly Payment
0.50% $3,620
1.00% $7,240
1.50% $10,860
2.00% $14,480
2.50% $18,100
3.00% $21,720
3.50% $25,340
4.00% $28,960
4.50% $32,580
5.00% $36,200
Rate Monthly Payment
5.50% $39,820
6.00% $43,440
6.50% $47,060
7.00% $50,680
7.50% $54,300
8.00% $57,920
8.50% $61,540
9.00% $65,160
9.50% $68,780
10.00% $72,400
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