$38,000 Interest Only Loan Payment Calculator

What's the monthly payment of a 38k interest only loan?
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Use this calculator to determine the monthly payment of a $38,000 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 38k Loan
Rate Payment
0.25% $7.92
0.5% $15.83
0.75% $23.75
1% $31.67
1.25% $39.58
1.5% $47.50
1.75% $55.42
2% $63.33
2.25% $71.25
2.5% $79.17
2.75% $87.08
3% $95.00
3.25% $102.92
3.5% $110.83
3.75% $118.75
4% $126.67
4.25% $134.58
4.5% $142.50
4.75% $150.42
5% $158.33
Interest Only Payment Table For a 38k Loan
Rate Payment
5.25% $166.25
5.5% $174.17
5.75% $182.08
6% $190.00
6.25% $197.92
6.5% $205.83
6.75% $213.75
7% $221.67
7.25% $229.58
7.5% $237.50
7.75% $245.42
8% $253.33
8.25% $261.25
8.5% $269.17
8.75% $277.08
9% $285.00
9.25% $292.92
9.5% $300.83
9.75% $308.75
10% $316.67
More Amounts
$39,000$40,000$41,000$42,000$43,000$44,000$45,000$46,000$47,000$48,000