Estimate your monthly recreational vehicle payments instantly.
Estimated Monthly Payment:$0.00
Total Loan Amount:$0.00
Total Interest Paid:$0.00
Total Cost (Principal + Interest):$0.00
Understanding RV Financing and Loan Costs
Purchasing a recreational vehicle is a significant investment, often comparable to buying a home. Unlike standard auto loans, RV loans frequently offer longer terms, sometimes extending up to 15 or 20 years. Using an RV loan calculator is the first step in determining how much "home on wheels" you can truly afford.
How to Calculate Your RV Monthly Payment
The calculation for an RV loan relies on several key variables. To use our calculator effectively, you will need the following information:
Purchase Price: The sticker price or negotiated price of the motorhome or trailer.
Down Payment: Lenders typically require 10% to 20% down for RV financing.
Interest Rate: This varies based on your credit score and whether the RV is new or used.
Loan Term: Common terms range from 5 to 15 years, with some luxury coaches reaching 20 years.
Example RV Loan Scenarios
RV Type
Price
Term
Rate
Est. Monthly Payment
Travel Trailer
$35,000
10 Years
8.0%
$363.98
Class C Motorhome
$110,000
15 Years
7.5%
$817.58
Luxury Class A
$300,000
20 Years
7.0%
$1,860.70
Factors That Affect Your RV Loan
Several factors can influence the final cost of your RV. Credit score is the most impactful, as it determines your interest rate. Additionally, sales tax and registration fees vary by state and are often rolled into the loan amount. Finally, remember that RVs are depreciating assets; a larger down payment helps prevent you from becoming "underwater" on your loan where you owe more than the vehicle is worth.
function calculateRVLoan() {
var price = parseFloat(document.getElementById('rvPrice').value);
var downPayment = parseFloat(document.getElementById('rvDownPayment').value);
var tradeIn = parseFloat(document.getElementById('rvTradeIn').value);
var rate = parseFloat(document.getElementById('rvInterestRate').value);
var termYears = parseFloat(document.getElementById('rvLoanTerm').value);
var taxRate = parseFloat(document.getElementById('rvSalesTax').value);
if (isNaN(price) || isNaN(rate) || isNaN(termYears)) {
alert("Please enter valid numbers for price, interest rate, and term.");
return;
}
// Adjust for tax
var taxAmount = price * (taxRate / 100);
var totalPriceWithTax = price + taxAmount;
// Principal Amount
var principal = totalPriceWithTax – downPayment – tradeIn;
if (principal <= 0) {
document.getElementById('monthlyPaymentDisplay').innerText = "$0.00";
document.getElementById('totalLoanAmountDisplay').innerText = "$0.00";
document.getElementById('totalInterestDisplay').innerText = "$0.00";
document.getElementById('totalCostDisplay').innerText = "$0.00";
document.getElementById('rvResults').style.display = 'block';
return;
}
var monthlyRate = (rate / 100) / 12;
var numberOfPayments = termYears * 12;
var monthlyPayment = 0;
if (monthlyRate === 0) {
monthlyPayment = principal / numberOfPayments;
} else {
monthlyPayment = principal * (monthlyRate * Math.pow(1 + monthlyRate, numberOfPayments)) / (Math.pow(1 + monthlyRate, numberOfPayments) – 1);
}
var totalCost = monthlyPayment * numberOfPayments;
var totalInterest = totalCost – principal;
// Formatting
var formatter = new Intl.NumberFormat('en-US', {
style: 'currency',
currency: 'USD',
});
document.getElementById('monthlyPaymentDisplay').innerText = formatter.format(monthlyPayment);
document.getElementById('totalLoanAmountDisplay').innerText = formatter.format(principal);
document.getElementById('totalInterestDisplay').innerText = formatter.format(totalInterest);
document.getElementById('totalCostDisplay').innerText = formatter.format(totalCost);
document.getElementById('rvResults').style.display = 'block';
}