$247,000 Interest Only Loan Payment Calculator

What's the monthly payment of a 247k interest only loan?
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Use this calculator to determine the monthly payment of a $247,000 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 247k Loan
Rate Payment
0.25% $51.46
0.5% $102.92
0.75% $154.38
1% $205.83
1.25% $257.29
1.5% $308.75
1.75% $360.21
2% $411.67
2.25% $463.13
2.5% $514.58
2.75% $566.04
3% $617.50
3.25% $668.96
3.5% $720.42
3.75% $771.88
4% $823.33
4.25% $874.79
4.5% $926.25
4.75% $977.71
5% $1,029.17
Interest Only Payment Table For a 247k Loan
Rate Payment
5.25% $1,080.63
5.5% $1,132.08
5.75% $1,183.54
6% $1,235.00
6.25% $1,286.46
6.5% $1,337.92
6.75% $1,389.38
7% $1,440.83
7.25% $1,492.29
7.5% $1,543.75
7.75% $1,595.21
8% $1,646.67
8.25% $1,698.13
8.5% $1,749.58
8.75% $1,801.04
9% $1,852.50
9.25% $1,903.96
9.5% $1,955.42
9.75% $2,006.88
10% $2,058.33
More Amounts
$248,000$249,000$250,000$251,000$252,000$253,000$254,000$255,000$256,000$257,000