$31,000 Interest Only Loan Payment Calculator

What's the monthly payment of a 31k interest only loan?
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Use this calculator to determine the monthly payment of a $31,000 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 31k Loan
Rate Payment
0.25% $6.46
0.5% $12.92
0.75% $19.38
1% $25.83
1.25% $32.29
1.5% $38.75
1.75% $45.21
2% $51.67
2.25% $58.13
2.5% $64.58
2.75% $71.04
3% $77.50
3.25% $83.96
3.5% $90.42
3.75% $96.88
4% $103.33
4.25% $109.79
4.5% $116.25
4.75% $122.71
5% $129.17
Interest Only Payment Table For a 31k Loan
Rate Payment
5.25% $135.63
5.5% $142.08
5.75% $148.54
6% $155.00
6.25% $161.46
6.5% $167.92
6.75% $174.38
7% $180.83
7.25% $187.29
7.5% $193.75
7.75% $200.21
8% $206.67
8.25% $213.13
8.5% $219.58
8.75% $226.04
9% $232.50
9.25% $238.96
9.5% $245.42
9.75% $251.88
10% $258.33
More Amounts
$32,000$33,000$34,000$35,000$36,000$37,000$38,000$39,000$40,000$41,000