Boat Loan Calculator

Your details

Switch between computing the monthly payment from a known price, or finding how much boat you can afford given a target monthly budget.
The full purchase price of the boat before taxes, fees, or down payment.
The cash amount you pay upfront. A larger down payment reduces the loan principal and total interest.
The value of any boat or vehicle you are trading in, applied as a credit against the purchase price.
The sales tax rate in your state or province. Tax is calculated on the boat price and added to the loan if you choose to finance it.
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When on, sales tax and fees are rolled into the loan principal rather than paid upfront.
Documentation, registration, title, or dealer fees. Included in the loan if "Finance tax and fees" is on.
The annual percentage rate (APR) offered by your lender. Boat loans typically range from about 6% to 12% depending on credit score and term.
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The number of years over which the loan is repaid. Longer terms lower the monthly payment but increase total interest.
years
Currency
Monthly PaymentModerate interest cost
$356.11

Fixed payment due each month for the life of the loan

Loan Principal$30,000.00
Total Interest$12,732.64
Total of Payments$42,732.64
Total Cost (All-in)$47,732.64
Upfront Cash Required$5,000.00

Your estimated monthly payment is $356.11.

  • You will pay 42% of the loan principal in interest over 10 years.
  • The all-in cost including upfront cash and all payments is approximately $47,733.

Next stepCompare offers from at least three lenders: your bank, a credit union, and a marine lender. Credit unions often offer the most competitive boat loan rates.

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