Skip to main content
Calcimator

Boat Loan Calculator

Monthly payment from boat price, down payment, and term.

Inputs

%
%

Results

Monthly payment

$266.56

≈ 5 tanks of gas

Financed amount$30,600.00
Total interest paid$17,380.59
Total of all payments$47,980.59
Loan-to-value ratio81.4%
Sales tax$2,100.00
How to Use This Calculator
  1. Enter Boat purchase price ($), Down payment ($), and Annual interest rate (%).
  2. Set Loan term (years), Sales tax (%), and Documentation / title fees ($).
  3. Review the Monthly payment ($) result.
  4. Use Financed amount ($) and Total interest paid ($) to inform your decision.

How the result changes with Boat purchase price ($)

Boat purchase price ($)Monthly payment
500,000$4,560.25
1,750,000$16,102.42
3,250,000$29,953.03
4,500,000$41,495.20

What each input means

Boat purchase price ($)
Total purchase price of the boat before taxes.
Down payment ($)
Cash down payment. Most lenders require 10-20% for boat loans.
Annual interest rate (%)
Annual percentage rate (APR). Boat loans typically run 5-9%.
Loan term (years)
Repayment period. Boat loans range from 2-20 years depending on amount.
Sales tax (%)
State/local sales or use tax on the purchase.
Documentation / title fees ($)
Title registration, documentation, and lender origination fees.

What each result means

Monthly payment
Principal + interest payment each month.
Financed amount
Total amount financed after down payment.
Total interest paid
Interest paid over the life of the loan.
Total of all payments
Sum of all monthly payments over the loan term.
Loan-to-value ratio
Percentage of the boat's value being financed.
Sales tax
Tax amount based on purchase price.

How this is calculated

Worked example, using the default values

  1. Identify Input Parameters
    4 parameters
    Boat purchase price ($) = 35000, Down payment ($) = 7000, Annual interest rate (%) = 6.5, Loan term (years) = 15 = 6 input(s) provided
  2. Calculate Monthly payment
    Monthly payment
    266.56 = $266.56
  3. Calculate Financed amount
    Financed amount
    30600 = $30,600
  4. Calculate Total interest paid
    Total interest paid
    17380.59 = $17,380.59

Engine last updated .

Related Calculators

The questions that sit next to this one — chosen by subject, including calculators filed under a different category.

Recreational Boating

Boat Fuel Efficiency Calculator

GPH and range from engine specs and speed.

Recreational Boating

Boat Ownership Cost Calculator

Annual cost: insurance, storage, maintenance, fuel, and registration.

Marine & Boating

Boat Loan Calculator

Calculate monthly payments, total interest, and total cost for financing a boat purchase.

Recreational Boating

Boat Survey Cost Calculator

Pre-purchase survey cost from boat type and length.

Automotive & Motorcycles

Car Loan Calculator

Calculate monthly car payments including down payment, trade-in, sales tax, and total interest over the loan term.

More in Aviation, Marine & Transport.