Boat Loan Calculator

Modify the values and click the Calculate button to use

Monthly Pay: $325.10

Boat Price: $35,000.00
Total Loan Amount: $28,000.00
Sales Tax: $2,450.00
Upfront Payment: $11,450.00
Total of 120 Loan Payments: $39,012.45
Total Loan Interest: $11,012.45
Total Cost (price, interest, tax, fees): $50,462.45

72% Principal28% Interest

Amortization schedule

Year	Date	Interest	Principal	Ending balance
1	Nov 2027	$1,896.49	$2,004.75	$25,995.25
2	Nov 2028	$1,751.57	$2,149.68	$23,845.57
3	Nov 2029	$1,596.17	$2,305.08	$21,540.49
4	Nov 2030	$1,429.53	$2,471.71	$19,068.78
5	Nov 2031	$1,250.85	$2,650.39	$16,418.39
6	Nov 2032	$1,059.26	$2,841.99	$13,576.40
7	Nov 2033	$853.81	$3,047.44	$10,528.96
8	Nov 2034	$633.51	$3,267.74	$7,261.22
9	Nov 2035	$397.28	$3,503.96	$3,757.26
10	Nov 2036	$143.98	$3,757.26	$0.00

Balance, interest, and payments over time

Balance
Interest
Payments

What this boat loan calculator does

This calculator estimates the monthly payment and total cost of financing a boat. It accounts for the sale price, down payment, trade-in value, sales tax, and title or registration fees.

It calculates principal and interest only. Dealer fees, insurance, and other charges not entered in the form are not included.

How to use this calculator

Enter the boat's sale price.
Enter the loan term in years and months.
Enter the annual interest rate.
Add the down payment and trade-in value.
Enter the sales tax rate and title or registration fees.
Choose whether taxes and fees are included in the loan.
Click Calculate to see the monthly payment and amortization schedule.

Boat loan payment formula

The monthly payment for a fixed-rate loan is:

M = P × r × (1 + r)^n / ((1 + r)^n − 1)

P is the loan amount, r is the monthly interest rate, and n is the number of monthly payments. For a zero-interest loan, the monthly payment is P / n.

What the results include

Monthly pay: the scheduled principal and interest payment.
Total loan amount: the amount financed after the down payment, trade-in value, and any financed taxes or fees.
Sales tax: the tax amount used in the calculation.
Upfront payment: the amount paid at signing.
Total loan payments: all scheduled payments over the term.
Total loan interest: the cost of borrowing.
Total cost: sale price plus interest, sales tax, and fees.
Amortization schedule: annual and monthly views, plus a balance chart.

Frequently asked questions

Does this calculator include boat insurance?

No. Insurance, docking fees, storage, maintenance, and other ownership costs are not included.

Can I finance the sales tax and fees?

Yes. Select "Include taxes and fees in loan" to add them to the financed amount. This increases the loan balance and the total interest paid.

Does a trade-in reduce the loan amount?

Yes. The trade-in value reduces the amount financed. Confirm the taxable amount with your dealer or state tax agency, because rules vary by state.

Source

Reference: Consumer Financial Protection Bureau — Auto Loans.

Disclaimer

This calculator is for informational and planning purposes only. It is not a loan offer, financial advice, or a guarantee of financing terms. Confirm all figures, fees, and tax rules with a qualified lender or financial professional.

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