Boat Loan Calculator
Purchase price
usd
Down payment
usd
Marine lenders usually want 10-20% down, more on older hulls.
Trade-in value
usd
Sales tax
percent
Several states cap the tax on a vessel at a fixed dollar amount; check before taking this figure literally.
Interest rate
percent
Term
years
Marine loans run far longer than car loans — 15 and 20 year terms are normal on larger boats.
Yearly running cost
percent
Share of the boat’s value spent each year on slip, storage, insurance, fuel and maintenance. The boating trade’s rule of thumb is 10%.
Monthly payment
$478.01
Show the work
Boat Loan Calculator
by Rule Calculator