DiscoverBoatingDiscoverBoatingDiscoverBoating

Financing Your Boat

Calculate Your Monthly Boat Loan Costs

Boat Loan Calculator

Boating may be 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. 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.Enter your loan amount:
$
2.Select Interest Rate:
%
3.Select loan term:
years

Your monthly payment:

-

1.Enter your desired monthly payment:
$
2.Select Interest Rate:
%
3.Select loan term:
years

Your total loan amount:

-

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.