Why Use an RV Loan Calculator?
Thinking about buying an RV, boat, or jet ski? Before you hit the road (or water), it’s smart to plan your budget. That’s where an RV loan calculator can help.
This free tool shows you what your monthly payments might look like. It helps you determine how much you can afford—before you start shopping. In this guide, we’ll show you how to use the calculator and why it’s helpful when planning your next big adventure.
What Is an RV Loan Calculator?
An RV loan calculator is an easy tool that helps you estimate your monthly loan payment. Simply plug in a few numbers including the RV price, interest rate, and loan term—and it does the math for you.
This tool shows you how long it will take to pay off the loan, what your payments will be, and how much interest you’ll pay over time. It’s a great way to make sure the RV you want fits your budget.
What Information do you Need to Use an RV Calculator?
- RV price or total purchase price
- Interest rate
- Loan term (in months)
- Down payment (if any)
What Does the Calculator Show You?
- Sales Tax
- Non-taxable fees
- Amount financed
- Estimated monthly payment
- Estimated total interest paid over time
- Total cost of the loan
How to Use the Results
Once you see your estimated payments, you can:
- Compare different loan terms
- Try adding a bigger down payment
- Decide if a standard loan or balloon loan works best
Knowing your monthly payment helps you shop smarter. You’ll know what fits your budget and avoid overspending.
Pro Tip: A higher down payment can lower your monthly payments and reduce how much interest you pay in the long run. Paying a little extra when you can, will help pay off your loan faster.
Don’t Forget Other Costs
Some RVs come with extra expenses, like:
- Campground fees
- Maintenance
- Storage
- Fuel
Boats and jet skis can also bring extra costs:
- Dockage fees
- Maintenance
- Storage
- Trailers
Make sure to include these in your budget!
Tips for Getting a Better Loan Rate
✅Check your credit score
Your credit score plays a big role in what loan rates you qualify for. A higher score usually means a lower interest rate. Check your score before applying—and if it needs work, take time to improve it first.
Need help? Stop by an Honor branch and we’ll help you understand your score and how to raise it.
✅Get pre-approved
Once you’re confident in your budget and your credit is in good shape, apply for pre-approval. It gives you more buying power—and helps you shop with confidence.
Try Honor’s RV Loan Calculator
Use the Honor RV Loan Calculator to estimate your monthly payments today!
When you finance your recreational vehicle with Honor Credit Union, you can enjoy:
- Competitive rates
- Flexible terms
- Personalized help from local experts
We’re here to walk you through the process and answer all your questions.
Visit an Honor branch today or apply online 24/7!
Travel Smart, Borrow Smarter
Before you shop for your RV, use an RV loan calculator to plan your budget. It helps you borrow smarter and enjoy your adventures without stress free!
*Terms & Conditions: Amplify Money Market
*APY = Annual Percentage Yield. Rates accurate as of 3/1/25. $0.01 minimum deposit required to earn the base dividend of 0.50% APY. **An additional bonus dividend of 3.27% APY requires at least 1 cleared credit card transaction per month on a Select Credit Card or Select Rewards Credit Card account AND at least 1 cleared signature-based or PIN-based point of sale (POS) debit transaction per month (PIN-based ATM transactions not eligible) on a Benefits Checking or Connect Checking account – In order to satisfy the relationship bonus dividend requirements, credit card and debit card transactions must be from accounts within the same membership as the Amplify Money Market account and transactions must be posted by 5:00 PM EST on the last business day of the month. Please note that Honor posts transactions based on how they are received from merchants. Accounts meeting both of the qualifying requirements will earn a total dividend of 3.77% APY. Rates are variable and subject to change without notice. Insured by NCUA.
*Terms & Conditions: Surge Money Market
*APY = Annual Percentage Yield. Rates accurate as of 11/1/24. $.01 minimum balance required to earn up to 4.00% APY. Surge Money Market is a blended tiered rate account which pays a different rate on the amount of funds in each tier. Each rate will apply only to the portion of the account balance within each tier and not the entire account balance. A higher daily balance, when moving up the tiers, will result in a lower APY being earned. One account per membership. Rates are variable and subject to change without notice. Insured by NCUA.
More To Explore
Recreational Vehicles: How to finance an RV?
Learn how to finance a recreation vehicle, Honor Credit Union is here to help. Let’s walk through the budget, RV
Honor Credit Union’s mission is ‘bigger than banking’
See how Honor Credit Union gave $895,000 in 2024 to support Michigan nonprofits, schools, events, and families. It’s truly banking
$250 bonus just one perk of joining Honor Credit Union
Open a Benefits or Connect Checking account at Honor Credit Union and get a $250 bonus—plus perks like high interest
Why Your Credit Score Matters When Buying a Home- A First-Time Homebuyer’s Guide
In this guide, we’ll break down what a credit score is, how it impacts the homebuying process, how to check
