Boat Loan Calculator
Find a boat loan's monthly payment with sales tax, fees, down payment and trade-in.
Change the values and press Calculate to work out your own figures.
Enter the price, term, rate and down payment.
| Year | Interest | Principal | Balance |
|---|---|---|---|
| 1 | $1,896.51 | $2,004.69 | $25,995.31 |
| 2 | $1,751.59 | $2,149.61 | $23,845.70 |
| 3 | $1,596.16 | $2,305.04 | $21,540.66 |
| 4 | $1,429.55 | $2,471.65 | $19,069.01 |
| 5 | $1,250.87 | $2,650.33 | $16,418.68 |
| 6 | $1,059.28 | $2,841.92 | $13,576.76 |
| 7 | $853.83 | $3,047.37 | $10,529.39 |
| 8 | $633.53 | $3,267.67 | $7,261.72 |
| 9 | $397.32 | $3,503.88 | $3,757.84 |
| 10 | $144.00 | $3,757.84 | $0.00 |
Show the working
- loan = price − rebates − down − trade-in + owed (+ tax and fees if financed)
How to use it
Enter the price, term, rate and down payment.
Enter amounts without commas or with them; rates are percentages (5 for 5%). Negative amounts are allowed where a sign means money paid out.
Key facts
loan = price − down − trade-in (+ tax and fees if financed)
Questions
What is the payment on a $35,000 boat with $7,000 down over 10 years at 7%?
$325.10 a month.
Formulas
loan = price − down − trade-in (+ tax and fees if financed)
Sources
Limitations
- Results are estimates for planning, not offers or financial advice; lenders and banks may round, count days or time payments differently.
- Rates are nominal annual rates compounded as you choose; payments at a different frequency use the equivalent periodic rate.