What's the monthly payment on a 950,000 interest only loan?
Take the annual interest rate, divide by 12, and then multiply by the loan amount.
| 950,000 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 950,000 interest only loan.
| Rate |
Monthly Payment |
| 0.50% |
$4,750 |
| 1.00% |
$9,500 |
| 1.50% |
$14,250 |
| 2.00% |
$19,000 |
| 2.50% |
$23,750 |
| 3.00% |
$28,500 |
| 3.50% |
$33,250 |
| 4.00% |
$38,000 |
| 4.50% |
$42,750 |
| 5.00% |
$47,500 |
| Rate |
Monthly Payment |
| 5.50% |
$52,250 |
| 6.00% |
$57,000 |
| 6.50% |
$61,750 |
| 7.00% |
$66,500 |
| 7.50% |
$71,250 |
| 8.00% |
$76,000 |
| 8.50% |
$80,750 |
| 9.00% |
$85,500 |
| 9.50% |
$90,250 |
| 10.00% |
$95,000 |
More Loan Amounts
| $951,000 |
| $952,000 |
| $953,000 |
| $954,000 |
| $955,000 |
| $956,000 |
| $957,000 |
| $958,000 |
| $959,000 |
| $960,000 |
| $961,000 |
| $962,000 |
| $963,000 |
| $964,000 |
| $965,000 |
| $966,000 |
| $967,000 |
| $968,000 |
| $969,000 |
| $970,000 |
| $971,000 |
| $972,000 |
| $973,000 |
| $974,000 |
| $975,000 |
| $976,000 |
| $977,000 |
| $978,000 |
| $979,000 |
| $980,000 |