# RV Loan Calculator

URL: https://speedycalculator.com/calculators/finance/rv-loan/
Last updated: 2026-10-25

> The rv loan calculator works out the monthly payment, total interest and total cost of an RV (recreational vehicle) loan from the loan amount, interest rate and term.

## Inputs

- Loan amount
- Interest rate (APR) (%)
- Loan term (years, months)

## Results

- Monthly payment
- Total interest
- Total of all payments

## Formula

```
Monthly payment = L × i ÷ (1 − (1 + i)^−n), i = APR ÷ 12, n = months
Total interest = payment × n − L
```

## Explanation

RV loans often run 10–20 years for larger motorhomes, with 10–20% down. Long terms lower the payment but RVs depreciate quickly, so you can owe more than it's worth for years.

### How to use the RV Loan Calculator

- **Loan amount**
- **Interest rate (APR)**
- **Loan term**

Results update as you type, and every field accepts the units shown in its menu.

### How it works

Enter the loan amount, interest rate and term.

### Tips

- Compare loans by APR and total cost, not just the monthly payment.
- Extra payments go straight to principal and can save a lot of interest.
- Pay off the highest-rate debt first if you want to save the most money.
- Check for prepayment penalties before paying a loan off early.

### Common mistakes to avoid

- Stretching a loan term to lower the payment without seeing the extra interest.
- Paying only the minimum on credit cards.
- Forgetting fees that are rolled into the loan.

### Inputs explained

FieldWhat to enterLoan amountAmount in your currencyInterest rate (APR)In %Loan termUnits: years, months

### What each result means

- **Monthly payment** = pmt([Interest rate (APR)]÷1200, [Loan term], [Loan amount])
- **Total interest** = [Monthly payment]×[Loan term] - [Loan amount]
- **Total of all payments** = [Monthly payment]×[Loan term]

### Example values

How the main result changes when **Loan amount** changes and everything else stays at the example values above:

Loan amountMonthly payment37,500369.2856,250553.9275,000738.5593,750923.19112,5001,107.83150,0001,477.11

## Worked example

Inputs — Loan amount: $75,000; Interest rate (APR): 8.5 %; Loan term: 15 years.

Results — **Monthly payment = $738.55**; Total interest = $57,939.84; Total of all payments = $132,939.84.

## FAQ

**How long can you finance an RV?**
Up to 15–20 years for expensive motorhomes, 5–12 for smaller ones.

**What credit score do I need?**
Usually 680–700+ for the best rates.

**Is RV loan interest deductible?**
It can be if the RV qualifies as a second home.

**What formula does the RV Loan Calculator use?**
Monthly payment = L × i ÷ (1 − (1 + i)^−n), i = APR ÷ 12, n = months.


## Sources

- [Consumer Financial Protection Bureau](https://www.consumerfinance.gov/)