$298,000 Interest Only Loan Payment Calculator

What's the monthly payment of a 298k interest only loan?
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Use this calculator to determine the monthly payment of a $298,000 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 298k Loan
Rate Payment
0.25% $62.08
0.5% $124.17
0.75% $186.25
1% $248.33
1.25% $310.42
1.5% $372.50
1.75% $434.58
2% $496.67
2.25% $558.75
2.5% $620.83
2.75% $682.92
3% $745.00
3.25% $807.08
3.5% $869.17
3.75% $931.25
4% $993.33
4.25% $1,055.42
4.5% $1,117.50
4.75% $1,179.58
5% $1,241.67
Interest Only Payment Table For a 298k Loan
Rate Payment
5.25% $1,303.75
5.5% $1,365.83
5.75% $1,427.92
6% $1,490.00
6.25% $1,552.08
6.5% $1,614.17
6.75% $1,676.25
7% $1,738.33
7.25% $1,800.42
7.5% $1,862.50
7.75% $1,924.58
8% $1,986.67
8.25% $2,048.75
8.5% $2,110.83
8.75% $2,172.92
9% $2,235.00
9.25% $2,297.08
9.5% $2,359.17
9.75% $2,421.25
10% $2,483.33