$245,000 Interest Only Loan Payment Calculator

What's the monthly payment of a 245k interest only loan?
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Use this calculator to determine the monthly payment of a $245,000 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 245k Loan
Rate Payment
0.25% $51.04
0.5% $102.08
0.75% $153.13
1% $204.17
1.25% $255.21
1.5% $306.25
1.75% $357.29
2% $408.33
2.25% $459.38
2.5% $510.42
2.75% $561.46
3% $612.50
3.25% $663.54
3.5% $714.58
3.75% $765.63
4% $816.67
4.25% $867.71
4.5% $918.75
4.75% $969.79
5% $1,020.83
Interest Only Payment Table For a 245k Loan
Rate Payment
5.25% $1,071.88
5.5% $1,122.92
5.75% $1,173.96
6% $1,225.00
6.25% $1,276.04
6.5% $1,327.08
6.75% $1,378.13
7% $1,429.17
7.25% $1,480.21
7.5% $1,531.25
7.75% $1,582.29
8% $1,633.33
8.25% $1,684.38
8.5% $1,735.42
8.75% $1,786.46
9% $1,837.50
9.25% $1,888.54
9.5% $1,939.58
9.75% $1,990.63
10% $2,041.67
More Amounts
$246,000$247,000$248,000$249,000$250,000$251,000$252,000$253,000$254,000$255,000