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
If you're ready to battle giant fish in the ocean, choosing the best deep sea fishing boat will help get you to the hotspots. Learn more about the top options for bluewater and offshore anglers.
There are a lot of marine navigation apps out there, but which ones are the best? Whether you have an iPhone or an Android, you'll want an application that is user-friendly and powerful. Here's our top 5 choices for navigation apps that you should download right now.
A jon boat is a special class of aluminum fishing boat with a flat or nearly flat bottom. Jon boats are simple, inexpensive, small and lightweight. If you think a jon boat might be the best boat for your needs, here’s everything you need to know.