$20,000 Interest Only Loan Payment Calculator

What's the monthly payment of a 20k interest only loan?
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Use this calculator to determine the monthly payment of a $20,000 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 20k Loan
Rate Payment
0.25% $4.17
0.5% $8.33
0.75% $12.50
1% $16.67
1.25% $20.83
1.5% $25.00
1.75% $29.17
2% $33.33
2.25% $37.50
2.5% $41.67
2.75% $45.83
3% $50.00
3.25% $54.17
3.5% $58.33
3.75% $62.50
4% $66.67
4.25% $70.83
4.5% $75.00
4.75% $79.17
5% $83.33
Interest Only Payment Table For a 20k Loan
Rate Payment
5.25% $87.50
5.5% $91.67
5.75% $95.83
6% $100.00
6.25% $104.17
6.5% $108.33
6.75% $112.50
7% $116.67
7.25% $120.83
7.5% $125.00
7.75% $129.17
8% $133.33
8.25% $137.50
8.5% $141.67
8.75% $145.83
9% $150.00
9.25% $154.17
9.5% $158.33
9.75% $162.50
10% $166.67
More Amounts
$21,000$22,000$23,000$24,000$25,000$26,000$27,000$28,000$29,000$30,000