$29,000 Interest Only Loan Payment Calculator

What's the monthly payment of a 29k interest only loan?
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Use this calculator to determine the monthly payment of a $29,000 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 29k Loan
Rate Payment
0.25% $6.04
0.5% $12.08
0.75% $18.13
1% $24.17
1.25% $30.21
1.5% $36.25
1.75% $42.29
2% $48.33
2.25% $54.38
2.5% $60.42
2.75% $66.46
3% $72.50
3.25% $78.54
3.5% $84.58
3.75% $90.63
4% $96.67
4.25% $102.71
4.5% $108.75
4.75% $114.79
5% $120.83
Interest Only Payment Table For a 29k Loan
Rate Payment
5.25% $126.88
5.5% $132.92
5.75% $138.96
6% $145.00
6.25% $151.04
6.5% $157.08
6.75% $163.13
7% $169.17
7.25% $175.21
7.5% $181.25
7.75% $187.29
8% $193.33
8.25% $199.38
8.5% $205.42
8.75% $211.46
9% $217.50
9.25% $223.54
9.5% $229.58
9.75% $235.63
10% $241.67