$246,000 Interest Only Loan Payment Calculator

What's the monthly payment of a 246k interest only loan?
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Use this calculator to determine the monthly payment of a $246,000 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 246k Loan
Rate Payment
0.25% $51.25
0.5% $102.50
0.75% $153.75
1% $205.00
1.25% $256.25
1.5% $307.50
1.75% $358.75
2% $410.00
2.25% $461.25
2.5% $512.50
2.75% $563.75
3% $615.00
3.25% $666.25
3.5% $717.50
3.75% $768.75
4% $820.00
4.25% $871.25
4.5% $922.50
4.75% $973.75
5% $1,025.00
Interest Only Payment Table For a 246k Loan
Rate Payment
5.25% $1,076.25
5.5% $1,127.50
5.75% $1,178.75
6% $1,230.00
6.25% $1,281.25
6.5% $1,332.50
6.75% $1,383.75
7% $1,435.00
7.25% $1,486.25
7.5% $1,537.50
7.75% $1,588.75
8% $1,640.00
8.25% $1,691.25
8.5% $1,742.50
8.75% $1,793.75
9% $1,845.00
9.25% $1,896.25
9.5% $1,947.50
9.75% $1,998.75
10% $2,050.00