RV Loan Calculator
Estimate the monthly payment, total interest, and amount financed on an RV or motorhome loan after down payment, trade-in, and sales tax.
Independently verified for accuracy
Calculator by Toolsloft ↗- Amount financed
- 75000
- Monthly payment
- 684.65
- Total interest
- 48236.49
- Total paid
- 123236.49
This calculator estimates the monthly payment on an RV or motorhome loan after sales tax, a down payment, and any trade-in. RV loans often run 10 to 20 years, so enter your price, rate, and term to see both the payment and the total interest that long term adds. Use it to weigh dealer financing against a bank or credit union quote.
How this is calculated
The amount financed is the price plus sales tax minus your down payment and trade-in. The payment uses the standard amortizing-loan formula, Payment = P*r*(1+r)^n / ((1+r)^n - 1), where r is the annual rate divided by 12 and n is the term in months.
How to use
- Enter the RV price and any sales tax rate.
- Enter your down payment and trade-in value.
- Enter the annual rate and term in months to read the payment and total interest.
Examples
- $85,000 RV, $10,000 down, 7.25% / 180 mo:
payment $684.65 - $120,000 RV, $15,000 down, 5% tax, 6.5% / 240 mo:
payment $790.31
FAQ
- How long are RV loan terms?
- Lenders often stretch RV loans to 15 or 20 years to keep the payment low. A longer term lowers the monthly cost but raises the total interest you pay over the life of the loan.
- How is the amount financed calculated?
- Price plus sales tax, minus your down payment and any trade-in value. That figure is the principal the payment is based on.
- Are RV loan rates higher than auto loan rates?
- Often yes, because the loan is larger and the term is longer. Your credit, the down payment, and whether the RV is new or used all move the rate, so compare a few quotes.