$248,000 Interest Only Loan Payment Calculator

What's the monthly payment of a 248k interest only loan?
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Use this calculator to determine the monthly payment of a $248,000 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 248k Loan
Rate Payment
0.25% $51.67
0.5% $103.33
0.75% $155.00
1% $206.67
1.25% $258.33
1.5% $310.00
1.75% $361.67
2% $413.33
2.25% $465.00
2.5% $516.67
2.75% $568.33
3% $620.00
3.25% $671.67
3.5% $723.33
3.75% $775.00
4% $826.67
4.25% $878.33
4.5% $930.00
4.75% $981.67
5% $1,033.33
Interest Only Payment Table For a 248k Loan
Rate Payment
5.25% $1,085.00
5.5% $1,136.67
5.75% $1,188.33
6% $1,240.00
6.25% $1,291.67
6.5% $1,343.33
6.75% $1,395.00
7% $1,446.67
7.25% $1,498.33
7.5% $1,550.00
7.75% $1,601.67
8% $1,653.33
8.25% $1,705.00
8.5% $1,756.67
8.75% $1,808.33
9% $1,860.00
9.25% $1,911.67
9.5% $1,963.33
9.75% $2,015.00
10% $2,066.67
More Amounts
$249,000$250,000$251,000$252,000$253,000$254,000$255,000$256,000$257,000$258,000