Interest-only Mortgage Loan of $7,500 at 7.25%
What's the payment on a interest-only home loan for $7.5k at 7.25% interest?
Results
Monthly payment: $45.31
$544 per year
What's the monthly payment? Use the loan payment schedule below to view payments each month based on a fixed rate $7.5k 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.