$242,000 Interest Only Loan Payment Calculator

What's the monthly payment of a 242k interest only loan?
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Use this calculator to determine the monthly payment of a $242,000 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 242k Loan
Rate Payment
0.25% $50.42
0.5% $100.83
0.75% $151.25
1% $201.67
1.25% $252.08
1.5% $302.50
1.75% $352.92
2% $403.33
2.25% $453.75
2.5% $504.17
2.75% $554.58
3% $605.00
3.25% $655.42
3.5% $705.83
3.75% $756.25
4% $806.67
4.25% $857.08
4.5% $907.50
4.75% $957.92
5% $1,008.33
Interest Only Payment Table For a 242k Loan
Rate Payment
5.25% $1,058.75
5.5% $1,109.17
5.75% $1,159.58
6% $1,210.00
6.25% $1,260.42
6.5% $1,310.83
6.75% $1,361.25
7% $1,411.67
7.25% $1,462.08
7.5% $1,512.50
7.75% $1,562.92
8% $1,613.33
8.25% $1,663.75
8.5% $1,714.17
8.75% $1,764.58
9% $1,815.00
9.25% $1,865.42
9.5% $1,915.83
9.75% $1,966.25
10% $2,016.67
More Amounts
$243,000$244,000$245,000$246,000$247,000$248,000$249,000$250,000$251,000$252,000