Boat Price Calculator - Determine Your Dream Boat's Affordability
Boat Price Calculator
Boat Loan Payment Schedule & Amortization Details
Boat Price
Down Payment
Sales Tax
Amount Due at Signing
Total Loan Amount
Total Loan Payment
Total Loan Interest
Total Cost (price, interest, tax, fees)
Monthly P&I (Monthly Pay)
Loan Payoff Date
Complete Loan Analysis: Payment Breakdown
| No. of Instalment | Date | Monthly Instalment Amount | Principal Payment | Interest Payment | Principal Balance | Total Interest Paid | Total Principal Paid | Total Payments Paid | Total Balance Due | Interest Balance Due |
|---|
| Year | Date | Principal Balance | Interest | Principal | Total Interest Paid | Total Principal Paid | Total Payments Paid | Total Balance Due | Interest Balance Due |
|---|
Interactive Payment Visualization: Track Your Loan Balance, Interest & Principal Over Time
How the Boat Price Calculator Works
Our calculator uses the present value formula to determine boat affordability based on your monthly payment capacity:
Key Calculation Formula
Present Value (PV) = PMT × [(1 - (1 + r)^-n) / r]
Where:
- PMT = Your desired monthly payment
- r = Monthly interest rate (annual rate ÷ 12)
- n = Number of payment periods (months)
- PV = Present value (loan amount you can afford)
Calculation Process
- Loan Amount Calculation: Uses your monthly payment and loan terms to determine maximum borrowing capacity
- Boat Price Determination: Adds down payment, trade allowance, and adjusts for taxes/fees
- Comprehensive Analysis: Provides total cost breakdown including interest over loan term
- Payment Schedule: Generates detailed amortization showing principal and interest breakdown
Understanding Your Boat Financing Results
Key Terms Explained
- Boat Price
- The maximum purchase price you can afford based on your monthly payment capacity
- Total Loan Amount
- Amount financed after down payment and trade allowance
- Total Interest
- Complete interest cost over the loan term
- Amount Due at Signing
- Upfront costs including down payment, taxes, and fees (if not financed)
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