Interest Only Payment Calculator
Loan Amount =
Interest Rate =
Monthly Amount =
Calculates any of the three variables Loan Amount, Interest Rate% or Monthly Payment when any to two are entered.
-Loan Amount: Amount of the loan.
-Interest Rate: Annual interest rate expressed as a percentage.
-Monthly Amount: Payment amount.
Calculate the monthly payment for an interest-only construction loan in the amount of $137,850 if the annual interest rate is 6.25%.
-Loan Amount: $137,850.00
-Interest Rate: 6.25%
The interest-only monthly payment is $717.97.