Skip to main content

DigitalCalculators.net

Menu

RV Loan Calculator

Estimate your monthly RV loan payment for a motorhome, travel trailer or fifth wheel, with sales tax, fees, trade-in, and how much an extra monthly payment saves.

Results

ItemValue

Payment by loan term

TermMonthly paymentTotal interest
Sales tax rules for RVs vary by state, and some states charge other fees or taxes. Lenders set terms by loan size, RV age and type, and credit. Insurance, campground fees, fuel and repairs are not included.

Quick Answer

RV loan amount = price + sales tax + fees − down payment − trade-in. An $85,000 motorhome with 6% tax, $800 in fees and $17,000 down needs a $73,900.00 loan. At 8% for 15 years the payment is about $706.23 a month, and adding $200 a month saves about $20,127.17 in interest.

Last updated: 2 November 2026 ·How we calculate this: the standard loan payment formula with an extra-payment payoff schedule

Table of Contents

How This RV Loan Calculator Works

Enter the RV price, down payment, trade-in, sales tax, fees and interest rate, then pick a term. The calculator works out the loan amount and monthly payment, and compares terms from 5 to 20 years. Add an extra monthly payment to see how much sooner you could pay off the RV and how much interest you would save.

Quick explanation: RVs often get long loan terms, so small extra payments can save a lot.

  • Motorized RVs: Class A, B and C motorhomes.
  • Towable RVs: travel trailers, fifth wheels and pop-up campers.
  • Extra payments: go straight to principal on most simple-interest loans.

How to Use the RV Loan Calculator

  1. Enter the RV price, down payment and trade-in.
  2. Enter your sales tax rate and fees.
  3. Enter the APR and choose a term.
  4. Optionally add an extra monthly payment.
  5. Press Calculate and compare payments, interest and payoff time.

Core Formulas

  • Loan amount: price + sales tax + fees − down payment − trade-in
  • Monthly payment: L × r ÷ (1 − (1 + r)^−n), with r = APR ÷ 12
  • Each month with extra: interest = balance × r, then balance falls by (payment + extra − interest)
  • Interest saved: normal total interest − interest with extra payments

Key Terms

  • Class A, B, C: types of motorized RVs, from large bus-style to van-based.
  • Fifth wheel: a towable RV that hitches in a pickup truck bed.
  • APR: the yearly cost of borrowing, including interest and some fees.
  • Principal: the amount you still owe, not counting interest.
  • Prepayment penalty: a fee some lenders charge for paying off a loan early.

Worked Example

A $35,000 travel trailer with $7,000 down, 7% tax and $400 in fees, at 9% for 10 years.

  • Sales tax = $35,000 × 7% = $2,450.00
  • Loan = $35,000 + $2,450.00 + $400 − $7,000 = $30,850.00
  • Payment = $390.79 a month, with $16,045.37 in total interest

Real-Life Examples

  • A Class C motorhome: $85,000 with $17,000 down at 8% over 15 years is about $706.23 a month.
  • Paying extra: $200 more each month pays it off in about 9 years 11 months.
  • Shorter term: 10 years costs $896.61 a month but saves $19,527.53 in interest.
  • A pop-up camper: $15,000 with $3,000 down at 9% for 7 years is about $212.38 a month.

RV Loan vs Personal Loan

  • RV loan: secured by the RV, often with a lower rate and longer term.
  • Personal loan: unsecured and usually shorter, often at a higher rate.
  • Tip: compare the total cost, not only the monthly payment.

Payment per $10,000 Borrowed

Rate7 years10 years12 years15 years
6%$146.09$111.02$97.59$84.39
7%$150.93$116.11$102.84$89.88
8%$155.86$121.33$108.25$95.57
9%$160.89$126.68$113.80$101.43
10%$166.01$132.15$119.51$107.46
11%$171.22$137.75$125.36$113.66

What Affects an RV Loan

  • RV type and age: new motorhomes may qualify for longer terms than older towables.
  • Loan size: bigger loans often allow longer terms.
  • Credit score: better credit usually means a lower rate.
  • Depreciation: RVs lose value, so a larger down payment helps avoid owing more than it is worth.

Common Mistakes to Avoid

  • Stretching the term too far. A long loan can outlast the RV’s value.
  • Forgetting tax and fees. They raise the loan amount.
  • Ignoring ownership costs. Insurance, storage, campsites, fuel and repairs add up.
  • Skipping an inspection. Check a used RV for water damage and mechanical problems.
  • Not asking about prepayment. Make sure extra payments go to principal with no penalty.

Frequently Asked Questions

It depends on the lender, loan size, RV type and age. Larger loans on newer RVs often get longer terms. Ask lenders for their terms.

More down lowers your payment and interest and helps you avoid owing more than the RV is worth. Lenders set their own minimums.

It depends on your credit, the term and the market. Compare banks, credit unions and RV lenders.

Yes. On most simple-interest loans they cut the balance and the interest you pay. Check that the lender applies them to principal.

Possibly. IRS Publication 936 says a home can include a mobile home, boat or similar property with sleeping, cooking and toilet facilities. Ask a tax professional.

Yes, though older RVs may get shorter terms or higher rates.

It often can be. Enter it to see the effect on your payment.

Usually yes. Lenders often treat towables and motorhomes as RV loans, with different terms.

Possibly, but expect a higher rate or a larger down payment.

Add insurance, storage, campsite fees, fuel, maintenance and registration to the loan payment.

Only if you need the low payment. Shorter terms save interest.

In many states, yes, but the rules differ.

References & Sources

SourceUsed ForLink
IRS, Publication 936, Home Mortgage Interest Deduction When a vehicle with sleeping, cooking and toilet facilities counts as a home. https://www.irs.gov/publications/p936
Consumer Financial Protection Bureau, Interest rate vs APR How APR shows the cost of a loan. https://www.consumerfinance.gov/ask-cfpb/what-is-the-difference-between-a-loan-interest-rate-and-the-apr-en-733/