🚙 Monthly RV Loan Payment Calculator
Calculate your monthly payment, total interest, and full amortization schedule for any RV loan
| Loan Amount | 5 Year @ 7% | 10 Year @ 7% | 15 Year @ 7% | 20 Year @ 7% |
|---|---|---|---|---|
| $15,000 | $297 | $174 | $135 | $116 |
| $25,000 | $495 | $290 | $225 | $194 |
| $50,000 | $990 | $581 | $449 | $388 |
| $75,000 | $1,485 | $871 | $674 | $581 |
| $100,000 | $1,980 | $1,161 | $899 | $775 |
| $150,000 | $2,970 | $1,742 | $1,348 | $1,163 |
| $200,000 | $3,960 | $2,322 | $1,798 | $1,550 |
| $300,000 | $5,941 | $3,484 | $2,696 | $2,326 |
| Loan Amount | 5 Years @ 7% | 10 Years @ 7% | 15 Years @ 7% | 20 Years @ 7% |
|---|---|---|---|---|
| $25,000 | $4,702 | $9,833 | $15,434 | $21,499 |
| $50,000 | $9,405 | $19,665 | $30,868 | $42,998 |
| $100,000 | $18,810 | $39,330 | $61,735 | $85,996 |
| $150,000 | $28,214 | $58,996 | $92,603 | $128,994 |
| $250,000 | $47,024 | $98,326 | $154,338 | $214,990 |
| RV Type | Typical Loan Range | Common Term | Avg Length (ft / m) |
|---|---|---|---|
| Pop-Up / Folding | $8,000 – $20,000 | 3 – 7 years | 10 – 16 ft (3 – 5 m) |
| Camper Van (Class B) | $50,000 – $200,000 | 7 – 15 years | 17 – 22 ft (5 – 7 m) |
| Travel Trailer | $15,000 – $60,000 | 5 – 12 years | 16 – 35 ft (5 – 11 m) |
| Fifth Wheel | $30,000 – $100,000 | 7 – 15 years | 22 – 43 ft (7 – 13 m) |
| Class C Motorhome | $60,000 – $150,000 | 10 – 15 years | 21 – 35 ft (6 – 11 m) |
| Toy Hauler | $25,000 – $80,000 | 7 – 15 years | 24 – 40 ft (7 – 12 m) |
| Class A Motorhome | $80,000 – $300,000 | 10 – 20 years | 26 – 45 ft (8 – 14 m) |
| Diesel Pusher | $150,000 – $500,000+ | 15 – 20 years | 34 – 45 ft (10 – 14 m) |
| Down Payment % | On $50,000 RV | Loan Amount | Monthly @ 7% / 10yr |
|---|---|---|---|
| 0% | $0 | $50,000 | $581 |
| 5% | $2,500 | $47,500 | $552 |
| 10% | $5,000 | $45,000 | $523 |
| 15% | $7,500 | $42,500 | $494 |
| 20% | $10,000 | $40,000 | $464 |
| 25% | $12,500 | $37,500 | $436 |
Most lenders require a loan-to-value (LTV) ratio of 80% or less for the best rates. Putting down at least 20% can help you secure lower interest rates and avoid being upside-down on your RV loan. New RVs can depreciate 20–30% in the first year alone, so a larger down payment provides a valuable equity cushion.
On a $100,000 RV loan at 7% interest, choosing a 10-year term over a 20-year term saves you roughly $46,666 in total interest — even though the monthly payment is about $386 higher. If you can manage the higher monthly cost, the savings are substantial. Consider refinancing after 2–3 years if your credit improves.
A $50,000 RV loan at 7% over 10 years runs about $581 a month, but stretch that to 15 years and it drops to around $449. The total interest difference is wild though. On the 10 year term youre paying roughly $19,700 in interest total, and the 15 year term pushes that close to $31,000.
Thats an extra $11,000 just for lower monthly payments, which honestly caught me off guard the first time I ran those numbers. From what Ive seen most lenders want at least 10% down on new RVs and 20% on used ones. Putting 20% down on a $100,000 Class A drops your financed amount to $80,000 and at 7% over 15 years thats about $719 a month versus $899 with zero down.
How RV Loans Work
Credit scores above 700 can shave 2 to 3 percentage points off your rate which on a $150,000 loan saves somewhere around $200 a month.
The information below does not come from any calculator or automatic translator. It is based on actual users’ memories, discussions in forums and experiences from the net.
RV Loan works almost the same as a Loan for a car, only with much longer terms. One can get funding even for 20 years, because an RV is always seen as a home. Like this buy an RV like to buy a house at a car store.
The length of Loans adjusts a lot. Short options last between 5 and 10 years, while long ones go from 15 to 20 years. A long period helps to have lower monthly costs but one pays more interest during the whole time.
A short period on the other hand requires bigger monthly amounts, but the total interest drops.
Credit unions seem a good chance for funding of an RV. They usually give competitive rates and are simpler to deal with. Bank of the West and Bank of United States also helped many with positive results.
Some insurance brokers, for instance those of State Farm, can arrange funding for an RV. Costco commonly advertises Loans for RV starting at around 4% or similar. LightStream, that belongs to Truist Bank, offers Loans for RV, although its method a bit differs from that of other lenders.
Some lenders allow terms up to 144 months.
One can take a Loan directly at the store, which is another way. Here one handles all paperwork, almost as at a car purchase. Another way is to visit a bank or credit union, get pre-approval and later search the right RV.
Not all lenders lend for private stores of RV, and some place limits about years or miles. For instance Alliant wants that the RV does not pass 15 years age and has less then 75,000 miles. For such private purchases they limit the amount to $100,000.
The question of deposit matters. Usually one puts 10% to 20% of the price, according to the whole deal. Some lenders have programs without deposit for up to $100,000.
Funding can reach 100% of the price for a new RV or 100% of the estimated value for used, but the exact amount depends on the approval. One credit union gives terms up to 120 months and funds up to 80% of the Loan-to-value ratio.
Loans for RV always require a high credit score, stable income history, good ratios of debt to income and a big down payment. An RV is stuff that quickly loses value. It is like a cruise ship about the drop in price.
Buying such a big thing by means of high interest during a long time can be a hard financial step. A rate above 7.5% is widely seen as too high. A level between 5% and 7% is better.
One Loan came in at 6.99% for almost $47,000.
A store once mentioned a 180-month Loan at 9.24% without protective plans or at 8.24% with them included. Walking away from a bad offer sometimes is the wisest action. Lenders look at the ratio of debt to income, which is important together with thecredit score.
In the net one finds calculators for payments, that help to guess if the monthly cost fits your budget. Enter the whole price of the RV and choose the length, to have a rough idea. The interest, the length of term and the price of RV all affect the finish.
Unsecured Loans for RV range from $1,000 to $100,000, while secured can pass $500,000. A personal Loan is another option. By means of Bank of United States one can get up to $50,000.
Some lenders give perks like no payment for up to 90 days or discounts of 0.25% for automatic payments. Approvals happen quickly, some decide in less than 24 hours. Guaranteed Asset Protection, or GAP, covers the difference between the remaining Loan and insurance payment, if the RV is destroyed or stolen.
For tax, an RV can be a second home, if it has a kitchen and toilets, which allows you to subtract the interest. Even so commonly the usual deduction is more useful and can remove that advantage.
