RV Loan Calculator
See the monthly payment on a loan for a motorhome, camper or travel trailer, with terms up to 20 years. Change any number and the answer follows.
- Free
- Works offline after your first visit
- Saves on this device
- No sign-up
- Updated
How it works
The loan is the price minus the down payment. The monthly payment uses the standard loan formula, with the yearly rate divided by 12 and the number of months equal to the years times 12.
This covers principal and interest only. Insurance, registration, storage, fuel and any sales tax come on top, and many RV costs are not in the loan at all.
Worked example
An RV priced at $80,000.00 with 10% down leaves the rest as a loan. At 8.5% over 15 years, the payment is $709.01 a month, and the loan costs $55,622.25 in interest over its life.
Questions
Why are RV loans longer than car loans?
Lenders often offer longer terms on larger purchases. A longer term lowers the monthly payment but usually adds to the total interest.
Does the rate here include fees?
No. Lenders may add fees, and the rate you are offered can differ from the one you enter here.
Does a bigger down payment help?
It shrinks the loan, so the monthly payment and the total interest both fall. Try a few down payment amounts to see the difference.
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