$588,000 Interest Only Loan Payment Calculator

What's the monthly payment of a 588k interest only loan?
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Use this calculator to determine the monthly payment of a $588,000 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 588k Loan
Rate Payment
0.25% $122.50
0.5% $245.00
0.75% $367.50
1% $490.00
1.25% $612.50
1.5% $735.00
1.75% $857.50
2% $980.00
2.25% $1,102.50
2.5% $1,225.00
2.75% $1,347.50
3% $1,470.00
3.25% $1,592.50
3.5% $1,715.00
3.75% $1,837.50
4% $1,960.00
4.25% $2,082.50
4.5% $2,205.00
4.75% $2,327.50
5% $2,450.00
Interest Only Payment Table For a 588k Loan
Rate Payment
5.25% $2,572.50
5.5% $2,695.00
5.75% $2,817.50
6% $2,940.00
6.25% $3,062.50
6.5% $3,185.00
6.75% $3,307.50
7% $3,430.00
7.25% $3,552.50
7.5% $3,675.00
7.75% $3,797.50
8% $3,920.00
8.25% $4,042.50
8.5% $4,165.00
8.75% $4,287.50
9% $4,410.00
9.25% $4,532.50
9.5% $4,655.00
9.75% $4,777.50
10% $4,900.00
More Amounts
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