$28,000 Interest Only Loan Payment Calculator

What's the monthly payment of a 28k interest only loan?
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Use this calculator to determine the monthly payment of a $28,000 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 28k Loan
Rate Payment
0.25% $5.83
0.5% $11.67
0.75% $17.50
1% $23.33
1.25% $29.17
1.5% $35.00
1.75% $40.83
2% $46.67
2.25% $52.50
2.5% $58.33
2.75% $64.17
3% $70.00
3.25% $75.83
3.5% $81.67
3.75% $87.50
4% $93.33
4.25% $99.17
4.5% $105.00
4.75% $110.83
5% $116.67
Interest Only Payment Table For a 28k Loan
Rate Payment
5.25% $122.50
5.5% $128.33
5.75% $134.17
6% $140.00
6.25% $145.83
6.5% $151.67
6.75% $157.50
7% $163.33
7.25% $169.17
7.5% $175.00
7.75% $180.83
8% $186.67
8.25% $192.50
8.5% $198.33
8.75% $204.17
9% $210.00
9.25% $215.83
9.5% $221.67
9.75% $227.50
10% $233.33