$62,000 Interest Only Loan Payment Calculator

What's the monthly payment of a 62k interest only loan?
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Use this calculator to determine the monthly payment of a $62,000 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 62k Loan
Rate Payment
0.25% $12.92
0.5% $25.83
0.75% $38.75
1% $51.67
1.25% $64.58
1.5% $77.50
1.75% $90.42
2% $103.33
2.25% $116.25
2.5% $129.17
2.75% $142.08
3% $155.00
3.25% $167.92
3.5% $180.83
3.75% $193.75
4% $206.67
4.25% $219.58
4.5% $232.50
4.75% $245.42
5% $258.33
Interest Only Payment Table For a 62k Loan
Rate Payment
5.25% $271.25
5.5% $284.17
5.75% $297.08
6% $310.00
6.25% $322.92
6.5% $335.83
6.75% $348.75
7% $361.67
7.25% $374.58
7.5% $387.50
7.75% $400.42
8% $413.33
8.25% $426.25
8.5% $439.17
8.75% $452.08
9% $465.00
9.25% $477.92
9.5% $490.83
9.75% $503.75
10% $516.67
More Amounts
$63,000$64,000$65,000$66,000$67,000$68,000$69,000$70,000$71,000$72,000