Use this calculator to estimate your potential RV financing rates based on common factors. This tool provides an approximation, and actual rates may vary.
function calculateRVSimulation() {
var rvPrice = parseFloat(document.getElementById("rvPrice").value);
var downPaymentAmount = parseFloat(document.getElementById("downPaymentAmount").value);
var loanTermYears = parseInt(document.getElementById("loanTermYears").value);
var estimatedAnnualRatePercent = parseFloat(document.getElementById("estimatedAnnualRatePercent").value);
var resultDiv = document.getElementById("result");
resultDiv.innerHTML = ""; // Clear previous results
if (isNaN(rvPrice) || isNaN(downPaymentAmount) || isNaN(loanTermYears) || isNaN(estimatedAnnualRatePercent) ||
rvPrice <= 0 || downPaymentAmount < 0 || loanTermYears <= 0 || estimatedAnnualRatePercent rvPrice) {
resultDiv.innerHTML = "Down payment cannot be greater than the RV purchase price.";
return;
}
var loanAmount = rvPrice – downPaymentAmount;
var monthlyInterestRate = (estimatedAnnualRatePercent / 100) / 12;
var numberOfPayments = loanTermYears * 12;
var monthlyPayment;
if (monthlyInterestRate > 0) {
monthlyPayment = loanAmount * (monthlyInterestRate * Math.pow(1 + monthlyInterestRate, numberOfPayments)) / (Math.pow(1 + monthlyInterestRate, numberOfPayments) – 1);
} else {
monthlyPayment = loanAmount / numberOfPayments;
}
var totalInterestPaid = (monthlyPayment * numberOfPayments) – loanAmount;
var totalCostOfLoan = monthlyPayment * numberOfPayments;
resultDiv.innerHTML = `