$24,000 Interest Only Loan Payment Calculator

What's the monthly payment of a 24k interest only loan?
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Use this calculator to determine the monthly payment of a $24,000 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 24k Loan
Rate Payment
0.25% $5.00
0.5% $10.00
0.75% $15.00
1% $20.00
1.25% $25.00
1.5% $30.00
1.75% $35.00
2% $40.00
2.25% $45.00
2.5% $50.00
2.75% $55.00
3% $60.00
3.25% $65.00
3.5% $70.00
3.75% $75.00
4% $80.00
4.25% $85.00
4.5% $90.00
4.75% $95.00
5% $100.00
Interest Only Payment Table For a 24k Loan
Rate Payment
5.25% $105.00
5.5% $110.00
5.75% $115.00
6% $120.00
6.25% $125.00
6.5% $130.00
6.75% $135.00
7% $140.00
7.25% $145.00
7.5% $150.00
7.75% $155.00
8% $160.00
8.25% $165.00
8.5% $170.00
8.75% $175.00
9% $180.00
9.25% $185.00
9.5% $190.00
9.75% $195.00
10% $200.00