$585,000 Interest Only Loan Payment Calculator

What's the monthly payment of a 585k interest only loan?
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Use this calculator to determine the monthly payment of a $585,000 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 585k Loan
Rate Payment
0.25% $121.88
0.5% $243.75
0.75% $365.63
1% $487.50
1.25% $609.38
1.5% $731.25
1.75% $853.13
2% $975.00
2.25% $1,096.88
2.5% $1,218.75
2.75% $1,340.63
3% $1,462.50
3.25% $1,584.38
3.5% $1,706.25
3.75% $1,828.13
4% $1,950.00
4.25% $2,071.88
4.5% $2,193.75
4.75% $2,315.63
5% $2,437.50
Interest Only Payment Table For a 585k Loan
Rate Payment
5.25% $2,559.38
5.5% $2,681.25
5.75% $2,803.13
6% $2,925.00
6.25% $3,046.88
6.5% $3,168.75
6.75% $3,290.63
7% $3,412.50
7.25% $3,534.38
7.5% $3,656.25
7.75% $3,778.13
8% $3,900.00
8.25% $4,021.88
8.5% $4,143.75
8.75% $4,265.63
9% $4,387.50
9.25% $4,509.38
9.5% $4,631.25
9.75% $4,753.13
10% $4,875.00
More Amounts
$586,000$587,000$588,000$589,000$590,000$591,000$592,000$593,000$594,000$595,000