What's the monthly payment on a 800,000 interest only loan?
Take the annual interest rate, divide by 12, and then multiply by the loan amount.
| 800,000 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 800,000 interest only loan.
| Rate |
Monthly Payment |
| 0.50% |
$4,000 |
| 1.00% |
$8,000 |
| 1.50% |
$12,000 |
| 2.00% |
$16,000 |
| 2.50% |
$20,000 |
| 3.00% |
$24,000 |
| 3.50% |
$28,000 |
| 4.00% |
$32,000 |
| 4.50% |
$36,000 |
| 5.00% |
$40,000 |
| Rate |
Monthly Payment |
| 5.50% |
$44,000 |
| 6.00% |
$48,000 |
| 6.50% |
$52,000 |
| 7.00% |
$56,000 |
| 7.50% |
$60,000 |
| 8.00% |
$64,000 |
| 8.50% |
$68,000 |
| 9.00% |
$72,000 |
| 9.50% |
$76,000 |
| 10.00% |
$80,000 |
More Loan Amounts
| $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 |
| $819,000 |
| $820,000 |
| $821,000 |
| $822,000 |
| $823,000 |
| $824,000 |
| $825,000 |
| $826,000 |
| $827,000 |
| $828,000 |
| $829,000 |
| $830,000 |