Loan Calculator

Boating is more affordable than you think. In some instances, you can buy a brand new boat for around $250 a month while a new 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. If you know your monthly budget amount, enter it in the total loan amount window and work backwards to determine what size loan you can afford. Or, 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.

  1. 1 Enter your loan amount: $
  2. 2 Select interest rate: %
  3. 3 Select loan term: years
Calculate Your monthly payment:
  1. 1 Enter your desired monthly payment: $
  2. 2 Select interest rate: %
  3. 3 Select loan term: years
Calculate Your total loan amount:

Please note: Calculations are for example purposes only, do not include destination charges, title, or other fees and incentives and have no bearing on any loan approval. 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 Bankers Association (NMBA) 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 typical interest rates and terms, call a National Marine Bankers Association member, and visit one of their websites.