Boat Loan Calculator

A boat loan is an ordinary amortised loan, so the payment depends only on the amount financed, the interest rate and the term. Enter the amount you are borrowing, or the boat price with your down payment, trade-in and sales tax, and you get the monthly payment, the number of payments, the total interest and the total cost. Terms run up to twenty years here, which is common on larger boats. The figures cover principal and interest only, so insurance, mooring, fuel and maintenance are not included.