You can use our loan calculator to determine a loan amount that will fit your budget or to calculate monthly payments for a specified loan amount.
If you know what your monthly budget amount is to buy a boat, put that in the Monthly Payment window and work backwards to determine the loan amount. Figure in a 10% to 20% down payment to determine how much in total price you can afford. Or, if you know the cost of the boat you want, deduct your down payment and put the balance in the Loan Amount window to determine monthly payment. To determine typical interest rates and terms, call an NMLA member, visit one of their websites, look at financing advertisements in boating magazines, or discuss it with a marine retailer.