What's the monthly payment on a 900,000 interest only loan?
Take the annual interest rate, divide by 12, and then multiply by the loan amount.
| 900,000 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 900,000 interest only loan.
| Rate |
Monthly Payment |
| 0.50% |
$4,500 |
| 1.00% |
$9,000 |
| 1.50% |
$13,500 |
| 2.00% |
$18,000 |
| 2.50% |
$22,500 |
| 3.00% |
$27,000 |
| 3.50% |
$31,500 |
| 4.00% |
$36,000 |
| 4.50% |
$40,500 |
| 5.00% |
$45,000 |
| Rate |
Monthly Payment |
| 5.50% |
$49,500 |
| 6.00% |
$54,000 |
| 6.50% |
$58,500 |
| 7.00% |
$63,000 |
| 7.50% |
$67,500 |
| 8.00% |
$72,000 |
| 8.50% |
$76,500 |
| 9.00% |
$81,000 |
| 9.50% |
$85,500 |
| 10.00% |
$90,000 |
More Loan Amounts
| $901,000 |
| $902,000 |
| $903,000 |
| $904,000 |
| $905,000 |
| $906,000 |
| $907,000 |
| $908,000 |
| $909,000 |
| $910,000 |
| $911,000 |
| $912,000 |
| $913,000 |
| $914,000 |
| $915,000 |
| $916,000 |
| $917,000 |
| $918,000 |
| $919,000 |
| $920,000 |
| $921,000 |
| $922,000 |
| $923,000 |
| $924,000 |
| $925,000 |
| $926,000 |
| $927,000 |
| $928,000 |
| $929,000 |
| $930,000 |