RV Loan Calculator
Estimate your monthly payment, total interest, and financed amount for an RV loan.
Enter the purchase details, taxes/fees, term, and APR. Variable names in the “Equation” box are computed with .
max(Price − TradeIn, 0). Local rules vary.
APR / 12 / 100.
L (loan amount), r (monthly rate), n (months),
M (monthly payment), I (total interest).
Result
Monthly Payment (M)
Total Interest (I)
Financed Amount (L)
L = Price − Down − TradeIn + Tax + Fees, whereTax = max(Price − TradeIn, 0) × (TaxRate/100). Local rules can differ; adjust as needed.- Monthly rate
r = APR / 12 / 100. Payment formula (ifr ≠ 0) isM = r·L / (1 − (1 + r)−n); ifr = 0, thenM = L / n. - Total cost paid to lender over the term is
M × n. Up-front down payment is separate and reducesL. - Estimates only. Taxes, fees, and trade-in handling vary by jurisdiction and dealer.
What is an RV Loan Calculator?
An RV Loan Calculator helps you translate a recreational vehicle’s price and financing terms into a clear monthly payment and total borrowing cost. It applies the standard amortization model used by banks and credit unions, showing payment, interest, payoff timeline, and remaining balance over time. Whether you’re financing a motorhome, travel trailer, or fifth wheel, the same time-value-of-money formulas apply and are displayed below for transparency.
About the RV Loan Calculator
The calculator accepts price, down payment, trade-in and payoff, fees/taxes, APR, and term. It first computes the financed amount
Then it returns monthly payment, total paid, and total interest:
For ongoing planning or early payoff analysis, the remaining balance after \(k\) payments is
Embed MathJax to render these formulas responsively across devices, and use math.js for precise arithmetic while presenting the same formulas to users.
How to Use this RV Loan Calculator
- Enter RV price, down payment, trade-in value/payoff, fees/taxes, APR, and term (years).
- The tool computes \(r=\text{APR}/12\), \(n=12\times\text{years}\), the financed amount \(\mathrm{PV}\), then $$\mathrm{Pmt}=\frac{r\,\mathrm{PV}}{1-(1+r)^{-n}}.$$
- Review monthly payment, total interest, and an amortization snapshot via \(B_k\).
- Adjust down payment or term to meet a monthly budget; compare scenarios quickly.
Examples (using the same formulas)
Example 1 — Payment: Price \$85,000, down \$5,000, fees \$0 → \(\mathrm{PV}=80{,}000\). APR \(7.5\%\), term 10 years.
\(r=0.075/12=0.00625,\ n=120.\) Payment:
$$\mathrm{Pmt}=\frac{0.00625\cdot 80000}{1-(1.00625)^{-120}}\approx \$949.30.$$
Total interest \(\approx 120\times 949.30-80000=\$33{,}916.\)
Example 2 — Affordability (solve for PV): Budget \(\mathrm{Pmt}=\$600\), APR \(6.9\%\), term 12 years \((n=144)\).
With \(r=0.069/12=0.00575\),
$$\mathrm{PV}=\mathrm{Pmt}\cdot\frac{1-(1+r)^{-n}}{r}\approx 600\cdot\frac{1-(1.00575)^{-144}}{0.00575}\approx \$58{,}650.$$
Example 3 — Balance after 36 payments: $$B_{36}=80000(1.00625)^{36}-949.30\,\frac{(1.00625)^{36}-1}{0.00625}.$$
FAQs
Q1: Does the payment include taxes and fees?
If you roll them into financing, they are added to \(\mathrm{PV}\); otherwise, pay upfront to reduce interest costs.
Q2: Fixed vs variable APR?
The formulas assume fixed APR. Variable rates change \(r\) over time; recalculate when the rate resets.
Q3: Is there a penalty for early payoff?
Some lenders charge prepayment fees. The math uses \(B_k\); check your contract for payoff conditions.