$587,000 Interest Only Loan Payment Calculator

What's the monthly payment of a 587k interest only loan?
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Use this calculator to determine the monthly payment of a $587,000 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 587k Loan
Rate Payment
0.25% $122.29
0.5% $244.58
0.75% $366.88
1% $489.17
1.25% $611.46
1.5% $733.75
1.75% $856.04
2% $978.33
2.25% $1,100.63
2.5% $1,222.92
2.75% $1,345.21
3% $1,467.50
3.25% $1,589.79
3.5% $1,712.08
3.75% $1,834.38
4% $1,956.67
4.25% $2,078.96
4.5% $2,201.25
4.75% $2,323.54
5% $2,445.83
Interest Only Payment Table For a 587k Loan
Rate Payment
5.25% $2,568.13
5.5% $2,690.42
5.75% $2,812.71
6% $2,935.00
6.25% $3,057.29
6.5% $3,179.58
6.75% $3,301.88
7% $3,424.17
7.25% $3,546.46
7.5% $3,668.75
7.75% $3,791.04
8% $3,913.33
8.25% $4,035.63
8.5% $4,157.92
8.75% $4,280.21
9% $4,402.50
9.25% $4,524.79
9.5% $4,647.08
9.75% $4,769.38
10% $4,891.67
More Amounts
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