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RV Loan Calculator — Monthly Payment & Total Interest

Calculate your monthly RV loan payment with amortization breakdown

Monthly Payment

$678

Loan Amount

$73,100

Total Interest

$48,876

Total Paid

$121,976

Monthly Payment

$678

15-year loan at 7.5%

$73,100

Loan Amount

$48,876

Total Interest

Sales Tax$5,100
Down Payment20.0%
Total Cost$138,976

Amortization (First 5 Years)

Year 1
$2,742/$5,390
Year 2
$2,955/$5,177
Year 3
$3,185/$4,947
Year 4
$3,432/$4,700
Year 5
$3,698/$4,434

Green = principal, Red = interest

Frequently Asked Questions

Q

What is a typical RV loan interest rate?

RV loan interest rates range from 5.5% to 12% depending on credit score, loan term, and RV age. Excellent credit (750+) qualifies for 5.5–7.5%. Good credit (700–749) gets 7–9%. New RVs get lower rates than used, and shorter terms (10–12 years) get better rates than 20-year loans.

  • Excellent credit (750+): 5.5–7.5% for new RVs
  • Good credit (700–749): 7–9% for new, 8–10% for used
  • Fair credit (650–699): 9–12% for new, 10–13% for used
  • Credit unions typically offer 0.5–1.5% lower rates than banks
  • Longer terms (15–20 years) carry 0.5–1.0% higher rates than shorter terms
Credit ScoreNew RV RateUsed RV RateMonthly on $70K/15yr
750+5.5–7.5%6.5–8.5%$571–$649
700–7497–9%8–10%$629–$710
650–6999–12%10–13%$710–$840
Below 65012–15%+13–18%+$840–$980+
Q

How long can you finance an RV?

RV loans range from 10 to 20 years, with 15 years being the most common term. Longer terms lower your monthly payment but dramatically increase total interest paid. A $70,000 RV at 7.5% costs $41,000 in interest over 15 years versus $62,000 over 20 years.

  • 10-year terms: highest payment but lowest total interest
  • 12-year terms: good balance of payment and interest cost
  • 15-year terms: most popular, moderate payment and interest
  • 20-year terms: lowest payment but highest total interest (often 60–90% of loan amount)
  • Lenders may require newer RVs (under 10–15 years) for longer terms
TermMonthly Payment ($70K @ 7.5%)Total InterestTotal Paid
10 Years$831$29,720$99,720
12 Years$737$36,128$106,128
15 Years$649$46,820$116,820
20 Years$564$65,360$135,360
Q

How much down payment do you need for an RV?

Most lenders require 10–20% down payment for RV loans. A 20% down payment typically gets the best rates and avoids being underwater on the loan. For an $85,000 RV, plan for $8,500–$17,000 down. Some lenders accept 10% down with excellent credit.

  • Minimum down payment: typically 10% for excellent credit (750+)
  • Recommended down payment: 20% for best rates and loan terms
  • No-money-down RV loans exist but carry 1–2% higher rates
  • $85,000 RV at 20% down = $17,000 down, $68,000 financed
  • Trade-in value can substitute for cash down payment at most dealers
Q

Is it better to finance through a dealer or bank?

Credit unions and banks typically offer 0.5–1.5% lower RV loan rates than dealer financing. Get pre-approved before visiting dealers so you can compare. Dealer financing is convenient but often includes markup on the interest rate.

  • Credit unions: lowest rates (5.5–8%), member requirements apply
  • Banks: competitive rates (6–9%), easier qualification
  • Dealer financing: convenient but often 0.5–1.5% markup on rate
  • Online RV lenders (LightStream, Good Sam): competitive, fully online process
  • Always get pre-approved before negotiating to have leverage on rate
Q

Can you pay off an RV loan early?

Most RV loans allow early payoff without penalty, but check your loan agreement. Paying an extra $100–$200 per month on a 15-year loan can cut 3–5 years off the term and save $10,000–$20,000 in interest. Apply extra payments to principal, not future payments.

  • Most RV loans have no prepayment penalty (verify in your agreement)
  • Extra $100/month on $70K loan at 7.5% saves ~$15,000 in interest
  • Extra $200/month cuts a 15-year loan to ~10.5 years
  • Specify extra payments go to principal reduction, not advance payments
  • Biweekly payments (26 half-payments/year) add one extra monthly payment per year

Example Calculations

1New Class A Motorhome — 15-Year Loan

Inputs

RV Price$85,000
Down Payment$17,000 (20%)
Interest Rate7.5%
Loan Term15 years
Sales Tax6%

Result

Monthly Payment$689
Loan Amount$73,100
Total Interest$51,020
Total Paid$124,120
Sales Tax$5,100

Tax: $85,000 × 0.06 = $5,100. Loan: $85,000 + $5,100 – $17,000 = $73,100. Monthly rate: 7.5%/12 = 0.625%. Factor: (1.00625)^180 = 3.054. Payment: $73,100 × (0.00625 × 3.054) / (3.054 – 1) = $689. Total: $689 × 180 = $124,020. Interest: $124,020 – $73,100 = $50,920 ≈ $51,020.

2Used Travel Trailer — 10-Year Loan

Inputs

RV Price$35,000
Down Payment$7,000 (20%)
Interest Rate8.5%
Loan Term10 years
Sales Tax6%

Result

Monthly Payment$370
Loan Amount$30,100
Total Interest$14,300
Total Paid$44,400
Sales Tax$2,100

Tax: $35,000 × 0.06 = $2,100. Loan: $35,000 + $2,100 – $7,000 = $30,100. Monthly rate: 8.5%/12 = 0.7083%. Factor: (1.007083)^120 = 2.334. Payment: $30,100 × (0.007083 × 2.334) / (2.334 – 1) = $370. Total: $370 × 120 = $44,400. Interest: $44,400 – $30,100 = $14,300.

Formulas Used

Monthly Payment (Amortization)

M = P × [r(1+r)^n] / [(1+r)^n – 1]

Standard amortization formula for fixed-rate loans. Calculates the equal monthly payment over the loan term.

Where:

M= Monthly payment amount
P= Principal loan amount (price + tax – down payment – trade-in)
r= Monthly interest rate (annual rate / 12)
n= Total number of payments (years × 12)

Total Interest

Total Interest = (Monthly Payment × Number of Payments) – Loan Amount

The total amount paid in interest over the entire loan term.

Where:

Monthly Payment= Calculated monthly payment amount
Number of Payments= Loan term in years × 12
Loan Amount= Original principal borrowed

Loan Amount

Loan = RV Price + Sales Tax – Down Payment – Trade-In

The amount financed after accounting for taxes, down payment, and trade-in credit.

Where:

RV Price= Purchase price of the RV
Sales Tax= State/local sales tax on the purchase
Down Payment= Cash paid upfront
Trade-In= Value of vehicle traded to the dealer

Understanding RV Financing and Loan Options

RV loans are structured similarly to auto loans but with longer terms (10–20 years) due to higher purchase prices. The most important decision is loan term: a 15-year loan at 7.5% on $70,000 costs $649/month with $46,820 in total interest. Extending to 20 years drops the payment to $564 but adds $18,540 in extra interest.

Down payment significantly affects your loan. Putting 20% down on an $85,000 RV reduces the financed amount by $17,000, saving roughly $14,000–$20,000 in interest over the loan life. It also prevents being underwater (owing more than the RV is worth), which is common with low down payments because RVs depreciate 18–23% in year one.

Shop rates aggressively before committing. Credit unions typically offer the best RV loan rates, followed by online lenders and banks. Dealer financing is convenient but usually includes a 0.5–1.5% rate markup. Getting pre-approved from 2–3 lenders before visiting dealers gives you negotiating leverage and ensures you get the best available rate.

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Last Updated: Mar 25, 2026

This calculator is provided for informational and educational purposes only. Results are estimates and should not be considered professional financial, medical, legal, or other advice. Always consult a qualified professional before making important decisions. UseCalcPro is not responsible for any actions taken based on calculator results.

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