$296,000 Interest Only Loan Payment Calculator

What's the monthly payment of a 296k interest only loan?
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Use this calculator to determine the monthly payment of a $296,000 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 296k Loan
Rate Payment
0.25% $61.67
0.5% $123.33
0.75% $185.00
1% $246.67
1.25% $308.33
1.5% $370.00
1.75% $431.67
2% $493.33
2.25% $555.00
2.5% $616.67
2.75% $678.33
3% $740.00
3.25% $801.67
3.5% $863.33
3.75% $925.00
4% $986.67
4.25% $1,048.33
4.5% $1,110.00
4.75% $1,171.67
5% $1,233.33
Interest Only Payment Table For a 296k Loan
Rate Payment
5.25% $1,295.00
5.5% $1,356.67
5.75% $1,418.33
6% $1,480.00
6.25% $1,541.67
6.5% $1,603.33
6.75% $1,665.00
7% $1,726.67
7.25% $1,788.33
7.5% $1,850.00
7.75% $1,911.67
8% $1,973.33
8.25% $2,035.00
8.5% $2,096.67
8.75% $2,158.33
9% $2,220.00
9.25% $2,281.67
9.5% $2,343.33
9.75% $2,405.00
10% $2,466.67