$118,000 Interest Only Loan Payment Calculator

What's the monthly payment of a 118k interest only loan?
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Use this calculator to determine the monthly payment of a $118,000 interest only loan payment. In this type of loan no principal is paid off so the balance must be paid off at a future point, usually through a balloon payment or refinance.
Interest Only Payment Table For a 118k Loan
Rate Payment
0.25% $24.58
0.5% $49.17
0.75% $73.75
1% $98.33
1.25% $122.92
1.5% $147.50
1.75% $172.08
2% $196.67
2.25% $221.25
2.5% $245.83
2.75% $270.42
3% $295.00
3.25% $319.58
3.5% $344.17
3.75% $368.75
4% $393.33
4.25% $417.92
4.5% $442.50
4.75% $467.08
5% $491.67
Interest Only Payment Table For a 118k Loan
Rate Payment
5.25% $516.25
5.5% $540.83
5.75% $565.42
6% $590.00
6.25% $614.58
6.5% $639.17
6.75% $663.75
7% $688.33
7.25% $712.92
7.5% $737.50
7.75% $762.08
8% $786.67
8.25% $811.25
8.5% $835.83
8.75% $860.42
9% $885.00
9.25% $909.58
9.5% $934.17
9.75% $958.75
10% $983.33
More Amounts
$119,000$120,000$121,000$122,000$123,000$124,000$125,000$126,000$127,000$128,000