Boat Loan Payment Calculator
Believe it or not, boating can be more affordable than you think! In some instances, you can buy a brand new boat for around $250 a month, while a new personal watercraft (PWC) may be purchased for around $125 a month. Interest on a boat loan may be deductible if the boat has a galley, berth and head. To see step-by-step what it takes to secure your loan and acquire financing, be sure to read our full guide on How to Get a Boat Loan.
If you already know your monthly budget amount, enter it in the total loan amount window and work backwards to determine what size loan you can afford. If you know the cost of the boat or PWC you want, put that amount in the monthly payment window to determine your monthly payment.
Please note: Results received from this calculator are designed for comparative purposes only, and accuracy is not guaranteed. By using this program you acknowledge that the National Marine Lenders Association (NMLA) shall not be responsible for any damages resulting from the use of the Loan Calculator by you or any other person, however caused.
To determine actual interest rates and terms, call a National Marine Lenders Association member, and visit one of their websites.
Continue Your Path to Boat Ownership
What is a catamaran? Catamaran boats are defined as boats with two hulls. Although similar in some aspects, you will find some key differences when comparing both sailing catamarans and power catamarans (often called "power cats").
While you should always be aware of your surroundings when you're at the helm, you should be on full alert whenever you're entering an area with shallow or "skinny" water. Learn more about the best boats for shallow water and tips for navigating these waterways.
Working with a boat dealer can help make the buying process easy and simple. Buying at a dealership has a number of advantages, including on-going customer support and service, assistance with boat financing, and a smooth transition into boat ownership.