$586,000 Interest Only Loan Payment Calculator

What's the monthly payment of a 586k interest only loan?
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Use this calculator to determine the monthly payment of a $586,000 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 586k Loan
Rate Payment
0.25% $122.08
0.5% $244.17
0.75% $366.25
1% $488.33
1.25% $610.42
1.5% $732.50
1.75% $854.58
2% $976.67
2.25% $1,098.75
2.5% $1,220.83
2.75% $1,342.92
3% $1,465.00
3.25% $1,587.08
3.5% $1,709.17
3.75% $1,831.25
4% $1,953.33
4.25% $2,075.42
4.5% $2,197.50
4.75% $2,319.58
5% $2,441.67
Interest Only Payment Table For a 586k Loan
Rate Payment
5.25% $2,563.75
5.5% $2,685.83
5.75% $2,807.92
6% $2,930.00
6.25% $3,052.08
6.5% $3,174.17
6.75% $3,296.25
7% $3,418.33
7.25% $3,540.42
7.5% $3,662.50
7.75% $3,784.58
8% $3,906.67
8.25% $4,028.75
8.5% $4,150.83
8.75% $4,272.92
9% $4,395.00
9.25% $4,517.08
9.5% $4,639.17
9.75% $4,761.25
10% $4,883.33
More Amounts
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