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
As a new boater, or even as an experienced boater, you'll find there's a lot of nautical terminology that you may not be familiar with. While you'll learn naturally as you spend more time on the water, it's best to start with a general understanding of the basics—including different parts of the boat itself.
Learning how to drive a pontoon is a little different than learning how to handle other types of powerboats. It's expansive deck and two- or three-tube design affects the way the boat handles. Follow these tips to help overcome potential visibility and agility challenges.
The holiday season is a time for celebration, spending time with family and friends, and sharing our gratitude. As boaters, we have a lot to be thankful for—from our beloved boats, to warm, summer days on the water, and sharing our passion for boating with the ones we love.