RV Loan Calculator

To calculate RV loan payments, you need the RV price, down payment amount, loan term, and interest rate. Our RV loan calculator uses these inputs to determine your monthly payment using the standard loan payment formula: M = P[r(1+r)^n]/[(1+r)^n-1], where M is the monthly payment, P is the principal amount, r is the monthly interest rate, and n is the number of payments.

RV loan interest rates typically range from 6% to 15% depending on your credit score, loan term, and the age of the RV. Excellent credit (720+) can secure rates around 6-8%, while fair credit (640-679) might see rates of 10-14%. New RVs generally qualify for lower rates than used RVs, and shorter loan terms often come with better rates.

Most RV loans require a down payment of 10-20% of the purchase price. A larger down payment can help secure better interest rates and lower monthly payments. Some lenders may offer 100% financing for qualified buyers with excellent credit, but this typically comes with higher interest rates and stricter qualification requirements.

Yes, our RV loan calculator includes an optional sales tax field. Sales tax rates vary by state, typically ranging from 0% to 10%. Some states offer exemptions or reduced rates for RVs, especially if they're classified as primary or secondary residences. The calculator adds the sales tax to your total purchase price to give you a complete financing picture.

RV loans and camper loans are essentially the same type of financing, just with different terminology. Both terms refer to secured loans used to purchase recreational vehicles, including motorhomes, travel trailers, fifth wheels, and campers. The loan terms, interest rates, and qualification requirements are typically identical regardless of whether it's called an RV loan or camper loan.

RV loan terms can extend from 5 to 20 years, with some lenders offering even longer terms for expensive motorhomes. Our 20-year RV loan calculator accommodates these extended terms. While longer terms result in lower monthly payments, they also mean paying more interest over the life of the loan. Most borrowers choose terms between 10-15 years to balance monthly affordability with total interest costs.