$488,000 Interest Only Loan Payment Calculator

What's the monthly payment of a 488k interest only loan?
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Use this calculator to determine the monthly payment of a $488,000 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 488k Loan
Rate Payment
0.25% $101.67
0.5% $203.33
0.75% $305.00
1% $406.67
1.25% $508.33
1.5% $610.00
1.75% $711.67
2% $813.33
2.25% $915.00
2.5% $1,016.67
2.75% $1,118.33
3% $1,220.00
3.25% $1,321.67
3.5% $1,423.33
3.75% $1,525.00
4% $1,626.67
4.25% $1,728.33
4.5% $1,830.00
4.75% $1,931.67
5% $2,033.33
Interest Only Payment Table For a 488k Loan
Rate Payment
5.25% $2,135.00
5.5% $2,236.67
5.75% $2,338.33
6% $2,440.00
6.25% $2,541.67
6.5% $2,643.33
6.75% $2,745.00
7% $2,846.67
7.25% $2,948.33
7.5% $3,050.00
7.75% $3,151.67
8% $3,253.33
8.25% $3,355.00
8.5% $3,456.67
8.75% $3,558.33
9% $3,660.00
9.25% $3,761.67
9.5% $3,863.33
9.75% $3,965.00
10% $4,066.67
More Amounts
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