What's the monthly payment on a 788,000 interest only loan?
Take the annual interest rate, divide by 12, and then multiply by the loan amount.
| 788,000 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 788,000 interest only loan.
| Rate |
Monthly Payment |
| 0.50% |
$3,940 |
| 1.00% |
$7,880 |
| 1.50% |
$11,820 |
| 2.00% |
$15,760 |
| 2.50% |
$19,700 |
| 3.00% |
$23,640 |
| 3.50% |
$27,580 |
| 4.00% |
$31,520 |
| 4.50% |
$35,460 |
| 5.00% |
$39,400 |
| Rate |
Monthly Payment |
| 5.50% |
$43,340 |
| 6.00% |
$47,280 |
| 6.50% |
$51,220 |
| 7.00% |
$55,160 |
| 7.50% |
$59,100 |
| 8.00% |
$63,040 |
| 8.50% |
$66,980 |
| 9.00% |
$70,920 |
| 9.50% |
$74,860 |
| 10.00% |
$78,800 |
More Loan Amounts
| $789,000 |
| $790,000 |
| $791,000 |
| $792,000 |
| $793,000 |
| $794,000 |
| $795,000 |
| $796,000 |
| $797,000 |
| $798,000 |
| $799,000 |
| $800,000 |
| $801,000 |
| $802,000 |
| $803,000 |
| $804,000 |
| $805,000 |
| $806,000 |
| $807,000 |
| $808,000 |
| $809,000 |
| $810,000 |
| $811,000 |
| $812,000 |
| $813,000 |
| $814,000 |
| $815,000 |
| $816,000 |
| $817,000 |
| $818,000 |