$56,000 Interest Only Loan Payment Calculator

What's the monthly payment of a 56k interest only loan?
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Use this calculator to determine the monthly payment of a $56,000 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 56k Loan
Rate Payment
0.25% $11.67
0.5% $23.33
0.75% $35.00
1% $46.67
1.25% $58.33
1.5% $70.00
1.75% $81.67
2% $93.33
2.25% $105.00
2.5% $116.67
2.75% $128.33
3% $140.00
3.25% $151.67
3.5% $163.33
3.75% $175.00
4% $186.67
4.25% $198.33
4.5% $210.00
4.75% $221.67
5% $233.33
Interest Only Payment Table For a 56k Loan
Rate Payment
5.25% $245.00
5.5% $256.67
5.75% $268.33
6% $280.00
6.25% $291.67
6.5% $303.33
6.75% $315.00
7% $326.67
7.25% $338.33
7.5% $350.00
7.75% $361.67
8% $373.33
8.25% $385.00
8.5% $396.67
8.75% $408.33
9% $420.00
9.25% $431.67
9.5% $443.33
9.75% $455.00
10% $466.67
More Amounts
$57,000$58,000$59,000$60,000$61,000$62,000$63,000$64,000$65,000$66,000