Use our free RV loan calculator to estimate monthly payments, total interest, and overall costs of financing a motorhome, camper, or travel trailer. Learn how RV loans work and tips to secure the best rate.
RV Loan Calculator
Estimate monthly payments, total interest & total paid.
Results below: monthly payment, total interest and total payment.
Show amortization schedule
| Payment # | Payment | Principal | Interest | Balance |
|---|
* Results are estimates and may vary by lender, fees, and taxes.
Use our other free tools like CD interest Calculator
Why Use an RV Loan Calculator?
Buying a recreational vehicle (RV) is an exciting step toward exploring the open road, but it also comes with a major financial commitment. Whether you’re considering a motorhome, camper van, or travel trailer, chances are you’ll need financing. That’s where an RV loan calculator becomes a valuable tool.
The calculator helps you estimate:
- Monthly loan payments
- Total interest paid over the loan term
- Overall cost of your RV financing
Having these numbers upfront makes it easier to set a realistic budget and compare different loan offers.
What Information Do You Need for the Calculator?
To get accurate results from an RV loan calculator, you’ll need to enter a few details:
1. RV Price
This is the total cost of the RV you plan to purchase. Depending on the make, model, and condition, RV prices can range from under $10,000 to well over $100,000.
2. Down Payment
The upfront amount you pay to reduce your loan balance. Many lenders recommend at least 10% to 20%, but some may allow zero down. A larger down payment lowers your monthly payment and overall interest.
3. Loan Amount
This is the RV price minus your down payment. For example, if your RV costs $50,000 and you pay $10,000 upfront, your loan amount will be $40,000.
4. Interest Rate
Your annual percentage rate (APR) is based on factors like credit score, income, and lender terms. Even a small change in interest rate can make a big difference in long-term costs.
5. Loan Term
RV loans often range from 36 months to 20 years. A longer loan term lowers your monthly payments but increases the total interest paid.
How to Use the RV Loan Calculator
- Enter the RV price (or the amount you plan to spend).
- Add your down payment to reduce the total financing needed.
- Input the interest rate you expect based on lender offers.
- Choose your loan term in months or years.
- (Optional) Add extra monthly payments to see how quickly you could pay off the loan.
The calculator will instantly show your monthly payment, total interest, and total repayment amount, plus an amortization schedule to break down payments over time.
Tips for Getting the Best RV Loan
- Set a budget first: Know what you can afford monthly and in total loan costs.
- Save for a larger down payment: This reduces borrowing and interest.
- Check your credit score: A higher score can secure better rates.
- Compare lenders: Banks, credit unions, and online lenders may offer very different terms.
- Choose the right term length: Shorter terms save money on interest, but make sure the monthly payment fits your budget.
Example: RV Loan Calculation
| RV Price | Down Payment | Loan Amount | Interest Rate | Loan Term | Monthly Payment* |
|---|---|---|---|---|---|
| $50,000 | $10,000 | $40,000 | 6.5% | 10 years | ≈ $455 |
*Estimate only. Actual payments may vary depending on lender fees, taxes, and insurance.
Final Thoughts
An RV loan calculator is an essential tool for anyone considering financing an RV. It helps you compare scenarios, avoid surprises, and plan for the financial side of your adventure. Before signing a loan, take time to shop around, negotiate terms, and use the calculator to make sure the deal works for your budget.