Boat Loan Calculator

Boat Loan Calculator Information

The boat loan calculator is a useful calculator to determine the payments that would be required on a boat loan as well as an amortization schedule showing a table of each payment, the principle and interest components of the payment as well as the balance after each payment.

To use the boat loan calculator,  input the purchase price of the boat.  You can input a required down payment in terms of either a dollar value or as a percentage of the purchase price.  This will then compute the amount to be financed.  Input your annual interest rate percentage, the term of the loan and the boat loans payment period.

The calculator will then return the required payment for each payment period.  At this point you are able to create a printable amortization schedule.  Here you will also be able to see the total interest payments over the course of the loan.

It is important to understand that this is a general boat loan calculator.  Specific boat loans may include various costs and fees and may differ in their interest calculation methods.  This calculator should only be used to gain an initial estimate of the repayment costs of your boat loan, you should always get a professional to calculate the exact repayments and costs associated with a specific boat loan.

Useful information relating to boat financing
The national marine bankers association also has some useful information relating to financing a boat.  For example, you can see a discussion on the tax detectability of boat loan interest payments as well as a good article on the boat loan basics.

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Disclaimer/Terms of Use: This calculator is provided for use free of charge. The provider of this calculator does not guarantee the accuracy of the calculator give any express or implied warranty as to its accuracy and we do not accept any liability for errors or omissions. The provider of the calculator is not liable for any damages (including, without limitation, damages for loss of business or loss of profits) arising in contract, tort or otherwise from the use of or inability to use the above calculator, or from any action or decision taken as a result of using this website or any such material. Reading, understanding and agreeing to this disclaimer is a condition of use of the calculator. Always seek professional advice before making any financial decisions.