Interest Only Loan
Calculate interest-only payments and the final principal obligation.
Your numbers
Monthly interest-only payment
Educational estimate using your entered assumptions; no live prices, tax rules or guaranteed returns.
Scenario comparison
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Formula
Monthly interest is I = Pr/12 and term interest is nI. P is principal, r is the nominal annual interest fraction, and n is months. Interest-only payments leave the principal due.
Calculate interest-only payments and the final principal obligation.
Worked example
- Principal
- 100000
- Nominal annual interest rate (%)
- 6
- Term in months
- 12
- Monthly interest-only payment
- 500
- Interest over entered term
- 6,000
- Principal still due
- 100,000
Scope and limitations
Educational estimate using your entered assumptions; no live prices, tax rules or guaranteed returns.
Inputs are checked for missing values and allowed ranges. A result outside the finite numeric range is not displayed. Rounding affects display, while the calculation uses the model’s numeric precision.
Check your units and assumptions before relying on a result. Changing a label does not convert a currency or physical unit.
Formula version: b0f2a330c4ac · Example checked: