$58,000 Interest Only Loan Payment Calculator

What's the monthly payment of a 58k interest only loan?
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Use this calculator to determine the monthly payment of a $58,000 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 58k Loan
Rate Payment
0.25% $12.08
0.5% $24.17
0.75% $36.25
1% $48.33
1.25% $60.42
1.5% $72.50
1.75% $84.58
2% $96.67
2.25% $108.75
2.5% $120.83
2.75% $132.92
3% $145.00
3.25% $157.08
3.5% $169.17
3.75% $181.25
4% $193.33
4.25% $205.42
4.5% $217.50
4.75% $229.58
5% $241.67
Interest Only Payment Table For a 58k Loan
Rate Payment
5.25% $253.75
5.5% $265.83
5.75% $277.92
6% $290.00
6.25% $302.08
6.5% $314.17
6.75% $326.25
7% $338.33
7.25% $350.42
7.5% $362.50
7.75% $374.58
8% $386.67
8.25% $398.75
8.5% $410.83
8.75% $422.92
9% $435.00
9.25% $447.08
9.5% $459.17
9.75% $471.25
10% $483.33
More Amounts
$59,000$60,000$61,000$62,000$63,000$64,000$65,000$66,000$67,000$68,000