Boat Loan Calculator

The calculator below will help you determine your monthly payments based on the amount you are looking to receive and your interest rate. While banks can differ, this will be a close apporximation of what your monthly payment would look like.

Helpful Numbers:

  • 24 months =2 years
  • 60 Months=5 years
  • 84 Months= 7 years
  • 120 Months= 10 years

Average Interest rate on a 25k-100k loan: 3.5-5.5%*

Simply type in your approximate number (no symbols) and hit calculate! 


Boat Loan Calculator Data Entry
Loan Amount
Loan Length in Months
Interest Rate
Monthly Payment Calculated

Enter only numeric values using decimal points where needed.(no commas)

Regardless of your situation, the boat loan calculator above should give you a close estimate as to what your monthly payment will be given your loan amount, loan duration, and finance rate. As a rule of thumb, most loans will fall between 3.90-5.5 for a starting point for your finance rate.

So what affects your boat loan? There are quite a few factors, which will be addressed on your loan application, but the main components are:

  • Loan Amount
  • Credit Score and History
  • Current Assets
  • Loan Length
  • Down Payment

While there are other determinants, these 5 components will determine how great of a rate you can obtain on your boat loan.

What are main types of loan available?best boat loan calculator

The type of boat loan you receive will depend on your financial situation and specific lender, but the three types of loan are

  1. Variable Rate Loans
  2. Fixed Rate/Fixed Simple
  3. Balloon Payment Loans

The most desirable loan will be a Fixed Rate Loan and most finance companies can offer great rates on short-term high value loans.  The basic rule of thumb when obtaining a boat loan is the more money you borrow, and the quicker you can pay it off, the better your rate will be.

For more specific rates and questions, be sure to check out our Frequently Asked Questions page!