$7,000 Interest Only Loan Payment Calculator

What's the monthly payment of a 7k interest only loan?
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Use this calculator to determine the monthly payment of a $7,000 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 7k Loan
Rate Payment
0.25% $1.46
0.5% $2.92
0.75% $4.38
1% $5.83
1.25% $7.29
1.5% $8.75
1.75% $10.21
2% $11.67
2.25% $13.13
2.5% $14.58
2.75% $16.04
3% $17.50
3.25% $18.96
3.5% $20.42
3.75% $21.88
4% $23.33
4.25% $24.79
4.5% $26.25
4.75% $27.71
5% $29.17
Interest Only Payment Table For a 7k Loan
Rate Payment
5.25% $30.63
5.5% $32.08
5.75% $33.54
6% $35.00
6.25% $36.46
6.5% $37.92
6.75% $39.38
7% $40.83
7.25% $42.29
7.5% $43.75
7.75% $45.21
8% $46.67
8.25% $48.13
8.5% $49.58
8.75% $51.04
9% $52.50
9.25% $53.96
9.5% $55.42
9.75% $56.88
10% $58.33
More Amounts
$8,000$9,000$10,000$11,000$12,000$13,000$14,000$15,000$16,000$17,000