Estimate your yacht loan in seconds — then see the part most calculators hide.
Enter the purchase price, down payment, rate and term to get your monthly payment, total interest and a full amortization schedule.
Unlike a basic boat loan calculator, this tool also applies your state sales tax (with the caps that actually exist), factors trade-in and closing fees, runs an affordability mode, compares loan terms side by side, estimates the IRS second-home interest deduction, and adds annual operating costs so you see the true monthly burden of ownership.
Marine financing differs from auto loans in three ways that change your real cost: terms run long (10–20 years), several states cap sales tax on vessels (Florida caps at $18,000, North Carolina at $1,500, Rhode Island charges nothing), and a qualifying yacht with a galley, berth and head can be treated as a second home, making the loan interest potentially deductible. Each of these moves the number you should actually budget around.
The biggest mistake buyers make is anchoring on the loan payment alone. Annual running costs typically add another 10–15% of the vessel's value per year — crew, dockage, insurance, fuel and maintenance — which can exceed the loan payment itself. This calculator surfaces that figure so you plan around the complete picture, not just the financed amount.
Quick Estimate
What will your yacht loan cost? Drag to find out.
Estimated monthly payment
$5,394
Assumes 15% down · 15-yr term · $637,500 financed
Total interest: $333K
Total of payments: $971K
Payoff: 2041
Quick estimate assumes 15% down. Full calculator adds tax, trade-in, fees, affordability and after-tax cost.
Full Yacht Loan Calculator
We'll solve for the maximum yacht price you can finance.
Purchase price before tax, fees and trade-in.
15% = $112,500. Marine lenders typically want 10–20%.
Reduces the amount financed and, in most states, the taxable base.
A yacht with a galley, berth and head can qualify as a second home, making loan interest potentially deductible (on acquisition debt up to $750,000).
$0Enable the checkbox to estimate first-year tax savings
Estimate only — not tax advice. Rules and limits change; consult a tax professional and see IRS.gov.
Yearly amortization schedule
Year
Principal paid
Interest paid
Balance
Yacht & Boat Loan FAQ
What is the average term for a yacht loan?
Marine loan terms commonly run 10 to 20 years. Smaller loans (under $50,000) are often 5–7 years, mid-size loans 10–15 years, and large yacht loans frequently extend to 20 years. A longer term lowers the monthly payment but increases total interest.
How much is the monthly payment on a $100,000 boat loan?
At about 7.5% APR, roughly $1,243/month over 10 years or $927/month over 15 years. Your rate, term and any financed fees change the figure — set price to $100,000 above to see your exact number.
What is the APR for a 20-year boat loan?
In 2026, APRs on 20-year marine loans typically range from about 6.5% to 9% for well-qualified borrowers, depending on credit score, loan size, down payment and lender. Larger loans often earn lower rates.
How long can you finance a $30,000 boat?
Usually 5 to 12 years. Many lenders require a minimum amount (often $25,000) for terms beyond 15 years, so a $30,000 loan most often lands in the 7–10 year range.
Is it smart to finance a boat for 20 years?
A 20-year term minimizes the payment but maximizes total interest, and boats depreciate — so you can be underwater for years. It suits large purchases where cash flow matters, but compare the total interest against a shorter term first (use the comparison table above).
What is the 2% rule for refinancing?
A rough guideline: consider refinancing when you can drop your rate by at least two percentage points. With marine loans, compare the total interest saved against refinance fees rather than relying on the rule alone.
What is the monthly payment on a $400,000 loan at 7%?
About $3,101/month over 20 years, $3,596/month over 15 years, or $4,644/month over 10 years.