Boat Loan Calculator




Boat Loan Calculator amortization schedule to calculate your monthly loan payments for your boat. The boat mortgage calculator will calculate your total payment, interest, payoff date and a boat loan amortization with all the payment details. Simply enter the loan amount, term and interest rate, and the boat payment calculator will calculate your monthly payment for your boat financing.

Boat Mortgage Calculator

Loan Amount
Loan Terms
years
Interest Rate
First Payment Date
Amortization schedule
Show By Month Show By Year

Boat Payment Summary

Loan Amount:
$15,000.00
Monthly Payment:
$279.65
Total # Of Payments:
60
Start Date:
Sep, 2020
Payoff Date:
Aug, 2025
Total Interest Paid:
$1,778.72
Total Payment:
$16,778.72


Boat Loan Amortization

Payment Date Payment # Interest Paid Principal Paid Total Payment Remaining Balance
Sep, 2020 1 $56.25 $223.40 $279.65 $14,776.60
Oct, 2020 2 $55.41 $224.23 $279.65 $14,552.37
Nov, 2020 3 $54.57 $225.07 $279.65 $14,327.30
Dec, 2020 4 $53.73 $225.92 $279.65 $14,101.38
Jan, 2021 5 $52.88 $226.77 $279.65 $13,874.61
Feb, 2021 6 $52.03 $227.62 $279.65 $13,647.00
Mar, 2021 7 $51.18 $228.47 $279.65 $13,418.53
Apr, 2021 8 $50.32 $229.33 $279.65 $13,189.20
May, 2021 9 $49.46 $230.19 $279.65 $12,959.02
Jun, 2021 10 $48.60 $231.05 $279.65 $12,727.97
Jul, 2021 11 $47.73 $231.92 $279.65 $12,496.05
Aug, 2021 12 $46.86 $232.79 $279.65 $12,263.27
Sep, 2021 13 $45.99 $233.66 $279.65 $12,029.61
Oct, 2021 14 $45.11 $234.53 $279.65 $11,795.08
Nov, 2021 15 $44.23 $235.41 $279.65 $11,559.66
Dec, 2021 16 $43.35 $236.30 $279.65 $11,323.37
Jan, 2022 17 $42.46 $237.18 $279.65 $11,086.18
Feb, 2022 18 $41.57 $238.07 $279.65 $10,848.11
Mar, 2022 19 $40.68 $238.96 $279.65 $10,609.15
Apr, 2022 20 $39.78 $239.86 $279.65 $10,369.29
May, 2022 21 $38.88 $240.76 $279.65 $10,128.53
Jun, 2022 22 $37.98 $241.66 $279.65 $9,886.86
Jul, 2022 23 $37.08 $242.57 $279.65 $9,644.29
Aug, 2022 24 $36.17 $243.48 $279.65 $9,400.81
Sep, 2022 25 $35.25 $244.39 $279.65 $9,156.42
Oct, 2022 26 $34.34 $245.31 $279.65 $8,911.11
Nov, 2022 27 $33.42 $246.23 $279.65 $8,664.88
Dec, 2022 28 $32.49 $247.15 $279.65 $8,417.73
Jan, 2023 29 $31.57 $248.08 $279.65 $8,169.65
Feb, 2023 30 $30.64 $249.01 $279.65 $7,920.64
Mar, 2023 31 $29.70 $249.94 $279.65 $7,670.70
Apr, 2023 32 $28.77 $250.88 $279.65 $7,419.82
May, 2023 33 $27.82 $251.82 $279.65 $7,168.00
Jun, 2023 34 $26.88 $252.77 $279.65 $6,915.23
Jul, 2023 35 $25.93 $253.71 $279.65 $6,661.52
Aug, 2023 36 $24.98 $254.66 $279.65 $6,406.86
Sep, 2023 37 $24.03 $255.62 $279.65 $6,151.24
Oct, 2023 38 $23.07 $256.58 $279.65 $5,894.66
Nov, 2023 39 $22.10 $257.54 $279.65 $5,637.12
Dec, 2023 40 $21.14 $258.51 $279.65 $5,378.61
Jan, 2024 41 $20.17 $259.48 $279.65 $5,119.14
Feb, 2024 42 $19.20 $260.45 $279.65 $4,858.69
Mar, 2024 43 $18.22 $261.43 $279.65 $4,597.26
Apr, 2024 44 $17.24 $262.41 $279.65 $4,334.86
May, 2024 45 $16.26 $263.39 $279.65 $4,071.47
Jun, 2024 46 $15.27 $264.38 $279.65 $3,807.09
Jul, 2024 47 $14.28 $265.37 $279.65 $3,541.72
Aug, 2024 48 $13.28 $266.36 $279.65 $3,275.36
Sep, 2024 49 $12.28 $267.36 $279.65 $3,008.00
Oct, 2024 50 $11.28 $268.37 $279.65 $2,739.63
Nov, 2024 51 $10.27 $269.37 $279.65 $2,470.26
Dec, 2024 52 $9.26 $270.38 $279.65 $2,199.88
Jan, 2025 53 $8.25 $271.40 $279.65 $1,928.48
Feb, 2025 54 $7.23 $272.41 $279.65 $1,656.07
Mar, 2025 55 $6.21 $273.44 $279.65 $1,382.63
Apr, 2025 56 $5.18 $274.46 $279.65 $1,108.17
May, 2025 57 $4.16 $275.49 $279.65 $832.68
Jun, 2025 58 $3.12 $276.52 $279.65 $556.16
Jul, 2025 59 $2.09 $277.56 $279.65 $278.60
Aug, 2025 60 $1.04 $278.60 $279.65 $0.00

Boat Loan Calculator Amortization Schedule

The boat financing calculator amortization has option to show the amortization schedule by year and month. If you need to include more options such as tax and insurance, or other fees, please use the advanced mortgage calculator. With that calculator, not only will get you get many more options, but you will be able to print or save the result in pdf.


How boat loans work

Boat loan is similar to traditional mortgage on a house or an auto loan as it is an installment loan with fixed monthly payments. There are some differences than a house mortgage as the loan term for a boat is much shorter, usually from a few years up to 15 years.

A boat loan can be both secured and unsecured.

Secured Boat Loan

A secured boat loan is that you have some assets to backed the loan as collateral. If you fail to make payments, the lender will take your assets as a form of payment. A secured boat loan is similar to an auto loan where you use your car as the collateral, and the lender will take your car if you stop making payments. In the case of a boat loan, you use your boat as the collateral.

Unsecured Boat Loan

An unsecured boat loan is a loan that is not backed by any asset. However, you will end up paying more on interest payment, because an unsecured loan is riskier for the lender in case you default. To offset the lender's risk on the loan, lenders generally charge a high interest rate for an unsecured boat loan.

There are many ways that you can get a boat loan, such as banks, online lenders and credit unions. You may want to do some market research and comparison to see which lender offers the best terms for your boat.

How to use our boat loan calculator

Before you apply for a boat loan, you may want to use our boat loan calculator to estimate how much you will need to pay a month. You want to make sure if you have the budget for the boat, and if you are able to meet the monthly payments.

Our boat loan calculator requires only three fields, loan amount, terms and interest rate to determine how much you will be paying monthly, and how long it will take to payoff the loan for your boat.

The boat loan calculator with amortization will show you exactly how much interest and principal are paid each month, and the remaining balance. You will also get a summary of total interest paid, and the total payment when your loan matures.

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