Boat Loan Calculator Amortization Schedule

Boat Loan Calculator amortization schedule to calculate your monthly loan payments for your boat. The 10 year boat loan calculator with tax and trade in 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 Loan Calculator

Boat Price

Down Payment

Loan Amount

Loan Terms

Year Month

Interest Rate

Payment Frequency

Monthly Bi-weekly

Trade In Value

Sales Tax

Other Fees

First Payment Date

Amortization schedule

Show All Payments Group By Year

Include all fees into loan

Extra Payments

Yes No

One Time

On Date

Monthly or Biweekly

Starting Date

Quarterly

Starting Date

Yearly

Starting Date

Boat Payment Summary
Loan Amount:	$15,000.00
Total Monthly Payment:	$286.52
Total # Of Payments:	60
Start Date:	Jun, 2023
Payoff Date:	May, 2028
Down Payment:	$10,000.00
Trade In Value:	$0.00
Sales Tax:	$0.00
Other Fee:	$0.00
Total Interest Paid:	$2,191.05
Total of All Costs:	$27,191.05

Payment Date	Payment #	Interest	Principal	Total Payment	Balance
Boat Loan Calculator Amortization
Jun, 2023	1	$68.75	$217.77	$286.52	$14,782.23
Jul, 2023	2	$67.75	$218.77	$286.52	$14,563.47
Aug, 2023	3	$66.75	$219.77	$286.52	$14,343.70
Sep, 2023	4	$65.74	$220.78	$286.52	$14,122.92
Oct, 2023	5	$64.73	$221.79	$286.52	$13,901.14
Nov, 2023	6	$63.71	$222.80	$286.52	$13,678.33
Dec, 2023	7	$62.69	$223.83	$286.52	$13,454.51
Jan, 2024	8	$61.67	$224.85	$286.52	$13,229.66
Feb, 2024	9	$60.64	$225.88	$286.52	$13,003.77
Mar, 2024	10	$59.60	$226.92	$286.52	$12,776.86
Apr, 2024	11	$58.56	$227.96	$286.52	$12,548.90
May, 2024	12	$57.52	$229.00	$286.52	$12,319.90
Jun, 2024	13	$56.47	$230.05	$286.52	$12,089.85
Jul, 2024	14	$55.41	$231.11	$286.52	$11,858.74
Aug, 2024	15	$54.35	$232.16	$286.52	$11,626.58
Sep, 2024	16	$53.29	$233.23	$286.52	$11,393.35
Oct, 2024	17	$52.22	$234.30	$286.52	$11,159.05
Nov, 2024	18	$51.15	$235.37	$286.52	$10,923.68
Dec, 2024	19	$50.07	$236.45	$286.52	$10,687.23
Jan, 2025	20	$48.98	$237.53	$286.52	$10,449.69
Feb, 2025	21	$47.89	$238.62	$286.52	$10,211.07
Mar, 2025	22	$46.80	$239.72	$286.52	$9,971.35
Apr, 2025	23	$45.70	$240.82	$286.52	$9,730.54
May, 2025	24	$44.60	$241.92	$286.52	$9,488.62
Jun, 2025	25	$43.49	$243.03	$286.52	$9,245.59
Jul, 2025	26	$42.38	$244.14	$286.52	$9,001.45
Aug, 2025	27	$41.26	$245.26	$286.52	$8,756.19
Sep, 2025	28	$40.13	$246.38	$286.52	$8,509.80
Oct, 2025	29	$39.00	$247.51	$286.52	$8,262.29
Nov, 2025	30	$37.87	$248.65	$286.52	$8,013.64
Dec, 2025	31	$36.73	$249.79	$286.52	$7,763.85
Jan, 2026	32	$35.58	$250.93	$286.52	$7,512.92
Feb, 2026	33	$34.43	$252.08	$286.52	$7,260.84
Mar, 2026	34	$33.28	$253.24	$286.52	$7,007.60
Apr, 2026	35	$32.12	$254.40	$286.52	$6,753.20
May, 2026	36	$30.95	$255.57	$286.52	$6,497.63
Jun, 2026	37	$29.78	$256.74	$286.52	$6,240.90
Jul, 2026	38	$28.60	$257.91	$286.52	$5,982.98
Aug, 2026	39	$27.42	$259.10	$286.52	$5,723.89
Sep, 2026	40	$26.23	$260.28	$286.52	$5,463.61
Oct, 2026	41	$25.04	$261.48	$286.52	$5,202.13
Nov, 2026	42	$23.84	$262.67	$286.52	$4,939.46
Dec, 2026	43	$22.64	$263.88	$286.52	$4,675.58
Jan, 2027	44	$21.43	$265.09	$286.52	$4,410.49
Feb, 2027	45	$20.21	$266.30	$286.52	$4,144.19
Mar, 2027	46	$18.99	$267.52	$286.52	$3,876.66
Apr, 2027	47	$17.77	$268.75	$286.52	$3,607.91
May, 2027	48	$16.54	$269.98	$286.52	$3,337.93
Jun, 2027	49	$15.30	$271.22	$286.52	$3,066.71
Jul, 2027	50	$14.06	$272.46	$286.52	$2,794.25
Aug, 2027	51	$12.81	$273.71	$286.52	$2,520.54
Sep, 2027	52	$11.55	$274.96	$286.52	$2,245.58
Oct, 2027	53	$10.29	$276.23	$286.52	$1,969.35
Nov, 2027	54	$9.03	$277.49	$286.52	$1,691.86
Dec, 2027	55	$7.75	$278.76	$286.52	$1,413.10
Jan, 2028	56	$6.48	$280.04	$286.52	$1,133.06
Feb, 2028	57	$5.19	$281.32	$286.52	$851.73
Mar, 2028	58	$3.90	$282.61	$286.52	$569.12
Apr, 2028	59	$2.61	$283.91	$286.52	$285.21
May, 2028	60	$1.31	$285.21	$286.52	$0.00

Payment Frequency	Monthly	Bi-weekly
Compare Monthly vs. Bi-weekly
Payments / Year	12	26
Each Payment	$286.52	$143.26
Total Interest	$2,191.05	$1,974.07
Total Payment	$27,191.05	$26,974.07
Total Savings	$0	$216.97
Payoff Date	May, 2028	Dec, 2027

Boat Mortgage Calculator

The boat financing calculator amortization has the 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 you get many more options, but you will be able to print or save the result in pdf.

How do boat loans work?

A boat loan is similar to a traditional mortgage on a house or an auto loan as it is an installment loan with fixed monthly payments. There are some differences from 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 back 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 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 pay off 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 the total interest paid, and the total payment when your loan matures.