Interest-only Mortgage Loan of $499,000 at 8.375%

What's the payment on a interest-only home loan for $499k at 8.375% interest?
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Monthly payment: $3,482.60
$41,791 per year

What's the monthly payment? Use the loan payment schedule below to view payments each month based on a fixed rate $499k loan. It can be used for a house, car, boat, credit card debt consolidation, student loan debt, motorcycle, RV, race horse, exotic pet, business, real estate, etc... Try paying off your loan early or refinancing to save money.

Also remember to consider other home costs like insurance, taxes, PMI, and general maintenance costs.