What's the monthly payment on a 825,000 interest only loan?
Take the annual interest rate, divide by 12, and then multiply by the loan amount.
825,000 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 825,000 interest only loan.
Rate |
Monthly Payment |
0.50% |
$4,125 |
1.00% |
$8,250 |
1.50% |
$12,375 |
2.00% |
$16,500 |
2.50% |
$20,625 |
3.00% |
$24,750 |
3.50% |
$28,875 |
4.00% |
$33,000 |
4.50% |
$37,125 |
5.00% |
$41,250 |
Rate |
Monthly Payment |
5.50% |
$45,375 |
6.00% |
$49,500 |
6.50% |
$53,625 |
7.00% |
$57,750 |
7.50% |
$61,875 |
8.00% |
$66,000 |
8.50% |
$70,125 |
9.00% |
$74,250 |
9.50% |
$78,375 |
10.00% |
$82,500 |
More Loan Amounts
$826,000 |
$827,000 |
$828,000 |
$829,000 |
$830,000 |
$831,000 |
$832,000 |
$833,000 |
$834,000 |
$835,000 |
$836,000 |
$837,000 |
$838,000 |
$839,000 |
$840,000 |
$841,000 |
$842,000 |
$843,000 |
$844,000 |
$845,000 |
$846,000 |
$847,000 |
$848,000 |
$849,000 |
$850,000 |
$851,000 |
$852,000 |
$853,000 |
$854,000 |
$855,000 |