FreeByte

Interest-only payment calculator

Payments when no capital is repaid.

Built and reviewed by Dovanic, Founder and editor, FreeByteLast reviewed: 2026-08-18
$
5.5%

Monthly interest

$916.67

Yearly interest

$11,000

With these inputs, monthly interest comes to $916.67. Yearly interest works out to $11,000. The result assumes rate stays at 5.5%.

Balance still owed at the end
$200,000

What moves the number · Monthly interest

Input−10%Now+10%
Balance$825$916.67$1,008.33
Rate$825$916.67$1,008.33

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Payments when no capital is repaid.

A worked example

Starting figures

Balance
$200,000
Rate
5.5%

What it returns

Monthly interest
$916.67
Yearly interest
$11,000
Balance still owed at the end
$200,000

How to read the results

With the defaults above, monthly interest works out at $916.67.

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