$589,000 Interest Only Loan Payment Calculator

What's the monthly payment of a 589k interest only loan?
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Use this calculator to determine the monthly payment of a $589,000 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 589k Loan
Rate Payment
0.25% $122.71
0.5% $245.42
0.75% $368.13
1% $490.83
1.25% $613.54
1.5% $736.25
1.75% $858.96
2% $981.67
2.25% $1,104.38
2.5% $1,227.08
2.75% $1,349.79
3% $1,472.50
3.25% $1,595.21
3.5% $1,717.92
3.75% $1,840.63
4% $1,963.33
4.25% $2,086.04
4.5% $2,208.75
4.75% $2,331.46
5% $2,454.17
Interest Only Payment Table For a 589k Loan
Rate Payment
5.25% $2,576.88
5.5% $2,699.58
5.75% $2,822.29
6% $2,945.00
6.25% $3,067.71
6.5% $3,190.42
6.75% $3,313.13
7% $3,435.83
7.25% $3,558.54
7.5% $3,681.25
7.75% $3,803.96
8% $3,926.67
8.25% $4,049.38
8.5% $4,172.08
8.75% $4,294.79
9% $4,417.50
9.25% $4,540.21
9.5% $4,662.92
9.75% $4,785.63
10% $4,908.33
More Amounts
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