Boat Price Calculator
Calculate payments from boat price
Your Boat Loan
Loan Amount:
Monthly Payment:
Total Interest:
Budget Calculator
Find max price from monthly budget
What You Can Afford
Max Boat Price (20% down):
Loan Amount:
Total Interest:
Boat Loan Calculator
How to Use:
Calculator 1: From Boat Price
- Enter the total boat price
- Add your down payment
- Set interest rate and loan term
- See your monthly payment and total interest
Calculator 2: From Monthly Budget
- Enter what you can afford per month
- Set interest rate and loan term
- Discover your max boat price (assuming 20% down)
Key Loan Factors Explained
1. Loan Term Tradeoffs
| Term | Pros | Cons |
|---|---|---|
| 5–10 Years | Less interest paid | Higher monthly payments |
| 15–20 Years | Lower monthly payments | 2-3x more interest |
2. Interest Rates
- Excellent credit (720+): 4–6%
- Good credit (650–719): 6–8%
- Fair credit (600–649): 8–10%
3. Down Payments
- 10% minimum for most lenders
- 20% or more recommended to:
- Lower monthly payments
- Reduce total interest
- Avoid underwater loans