Boat Loan 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 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.

For those of you still weighing your options on what type of boat you may want to purchase, be sure to explore our Boat Finder Tool and read Choosing the Right Boat: Buying Guide for Recreational Boating.

Explore the Boat Finder

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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.