$16,000 Interest Only Loan Payment Calculator

What's the monthly payment of a 16k interest only loan?
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Use this calculator to determine the monthly payment of a $16,000 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 16k Loan
Rate Payment
0.25% $3.33
0.5% $6.67
0.75% $10.00
1% $13.33
1.25% $16.67
1.5% $20.00
1.75% $23.33
2% $26.67
2.25% $30.00
2.5% $33.33
2.75% $36.67
3% $40.00
3.25% $43.33
3.5% $46.67
3.75% $50.00
4% $53.33
4.25% $56.67
4.5% $60.00
4.75% $63.33
5% $66.67
Interest Only Payment Table For a 16k Loan
Rate Payment
5.25% $70.00
5.5% $73.33
5.75% $76.67
6% $80.00
6.25% $83.33
6.5% $86.67
6.75% $90.00
7% $93.33
7.25% $96.67
7.5% $100.00
7.75% $103.33
8% $106.67
8.25% $110.00
8.5% $113.33
8.75% $116.67
9% $120.00
9.25% $123.33
9.5% $126.67
9.75% $130.00
10% $133.33
More Amounts
$17,000$18,000$19,000$20,000$21,000$22,000$23,000$24,000$25,000$26,000