Boat Loan Calculator
Calculate monthly boat loan payments and total financing costs. Compare different loan terms for new and used boats, yachts, and marine watercraft.
20.0% down
Boat loans: typically 5-9% for new, 7-12% for used
Longer terms available for larger boats
Boat Loan Payment
Monthly Payment
$510.42
Total Interest
$18,250.11
Over 10 years
Total Cost
$71,250.11
Price + tax + interest
True Cost of Ownership
Loan Term Comparison
| Term | Monthly Payment | Total Interest | Total Cost |
|---|---|---|---|
| 5 years | $862 | $8,698 | $61,698 |
| 10 years(Selected) | $510 | $18,250 | $71,250 |
| 15 years | $399 | $28,751 | $81,751 |
| 20 years | $346 | $40,137 | $93,137 |
Boat Financing Tips
- •10-20% down payment typically required; more down = better rates
- •New vs used: New boats often get better rates but depreciate faster
- •Longer terms available: Up to 20 years for boats $100k+
- •Don't forget ongoing costs: Insurance, storage, maintenance, fuel
- •Marine lenders: Often offer better rates than banks for boats
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How to Use This Boat Loan Calculator
This free boat loan calculator helps you make informed financial decisions. Simply enter your values above and see your results instantly - no signup required.
Why Use Our Calculator?
- •Instant Results: See calculations update in real-time as you adjust values
- •Visual Charts: Understand your finances with interactive visualizations
- •Mobile Friendly: Works perfectly on any device
- •100% Free: No hidden fees or signup required