What's the monthly payment on a 85,000 interest only loan?
Take the annual interest rate, divide by 12, and then multiply by the loan amount.
| 85,000 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 85,000 interest only loan.
| Rate |
Monthly Payment |
| 0.50% |
$425 |
| 1.00% |
$850 |
| 1.50% |
$1,275 |
| 2.00% |
$1,700 |
| 2.50% |
$2,125 |
| 3.00% |
$2,550 |
| 3.50% |
$2,975 |
| 4.00% |
$3,400 |
| 4.50% |
$3,825 |
| 5.00% |
$4,250 |
| Rate |
Monthly Payment |
| 5.50% |
$4,675 |
| 6.00% |
$5,100 |
| 6.50% |
$5,525 |
| 7.00% |
$5,950 |
| 7.50% |
$6,375 |
| 8.00% |
$6,800 |
| 8.50% |
$7,225 |
| 9.00% |
$7,650 |
| 9.50% |
$8,075 |
| 10.00% |
$8,500 |
More Loan Amounts
| $86,000 |
| $87,000 |
| $88,000 |
| $89,000 |
| $90,000 |
| $91,000 |
| $92,000 |
| $93,000 |
| $94,000 |
| $95,000 |
| $96,000 |
| $97,000 |
| $98,000 |
| $99,000 |
| $100,000 |
| $101,000 |
| $102,000 |
| $103,000 |
| $104,000 |
| $105,000 |
| $106,000 |
| $107,000 |
| $108,000 |
| $109,000 |
| $110,000 |
| $111,000 |
| $112,000 |
| $113,000 |
| $114,000 |
| $115,000 |