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RV Loan Calculator

📅Last updated: October 5, 2025
✓Reviewed by: LumoCalculator Team

Calculate RV loan payments, interest costs, and financing options. Compare loan terms, down payments, and total costs for recreational vehicles.

Calculate RV Loan

18.1% down payment

Different states have different tax calculation methods. Choose the method that applies to your state.

Include taxes and fees in the loan amount (vs. paying them in cash)

Extra Payment Options

Additional amount to pay each month toward principal

One-time payment will be applied to the specified month (0 = immediate)

Loan Results

Monthly Payment

$770.71

Total Interest

$24609.83

Loan Amount

$67875

Total Cost

$107484.83

Loan Summary

RV Price:$75,000
Down Payment:-$15,000
Trade-in Value:-$0
Sales Tax:$6,375
Fees:$1,500
Amount Financed:$67,875
Payoff Date:December 22, 2035
Effective APR:4.42%
Tax Base Used:Tax on full RV price

Effective APR Disclaimer

The Effective APR calculation is for reference purposes only and includes estimated financing costs. This is not an official loan disclosure and should not be used for regulatory compliance. Actual APR may vary based on lender terms, creditworthiness, and other factors.

Cost Breakdown

Cash Costs (Paid Upfront):$15,000
Financed Costs (In Loan):$67,875
Total Cost:$107,484.83
Taxes and fees are included in the loan amount

Payment Plan Comparison

Plan A: Standard Payment
Monthly Payment:$770.71
Total Interest:$24,609.83
Payoff Date:December 22, 2035
Total Cost:$107,484.83
Plan B: Same as Plan A
Monthly Payment:$770.71
Total Interest:$24,609.83
Payoff Date:December 22, 2035
Total Cost:$107,484.83

Loan Visualization

Payment Breakdown

Principal: $67,875
Interest: $24,609.83

Balance Over Time

Showing balance progression over loan term

Starting balance: $67,875

First Year Payment Breakdown

First year payment breakdown for RV loan showing first 12 months
MonthPaymentPrincipalInterestBalance
1$770.71$403.05$367.66$67,471.95
2$770.71$405.23$365.47$67,066.72
3$770.71$407.43$363.28$66,659.29
4$770.71$409.64$361.07$66,249.65
5$770.71$411.85$358.85$65,837.8
6$770.71$414.09$356.62$65,423.71
7$770.71$416.33$354.38$65,007.38
8$770.71$418.58$352.12$64,588.8
9$770.71$420.85$349.86$64,167.95
10$770.71$423.13$347.58$63,744.82
11$770.71$425.42$345.28$63,319.39
12$770.71$427.73$342.98$62,891.67

🚐 RV Loan Basics

Loan Requirements

Credit Score

580+ minimum, 700+ for best rates

Down Payment

10-20% typically required

Debt-to-Income

Keep total debt below 40-43%

Loan Terms

Interest Rates

4-12% depending on credit

Loan Terms

5-20 years common

RV Age Limits

Most lenders: 15-20 years max

🏕️ RV Types and Financing

Motorhomes (Class A, B, C)

  • • Class A: $100k-$500k+, luxury coaches, best financing rates
  • • Class B: $80k-$200k, van conversions, easier to finance
  • • Class C: $60k-$150k, cab-over design, moderate rates
  • • Terms: Usually 10-20 years, lower rates for new units

Travel Trailers & Fifth Wheels

  • • Travel Trailers: $15k-$100k, most affordable option
  • • Fifth Wheels: $30k-$150k, require pickup truck
  • • Toy Haulers: $25k-$200k, built-in garage space
  • • Terms: 5-15 years typical, higher rates than motorhomes

Financing Tips by RV Type

  • • New RVs: Best rates, longer terms, full feature financing
  • • Used RVs: Higher rates, shorter terms, age restrictions
  • • Luxury RVs: Specialized lenders, portfolio loans available
  • • Entry-level: More lender options, competitive rates

📊 Interest Rate Factors

Credit Score Impact

740+ Excellent

4.0-6.0% rates, best terms

670-739 Good

5.5-8.0% rates, good options

580-669 Fair

7.0-12.0% rates, limited options

Below 580 Poor

10%+ rates, specialized lenders

Other Rate Factors

Loan Term

Longer terms = higher rates

Down Payment

20%+ down = better rates

RV Age/Type

New/luxury RVs get best rates

Debt-to-Income

Lower DTI = better rates

💰 Total Ownership Costs

Annual Operating Costs

Insurance: $1,000-3,000/year
Registration: $100-500/year
Storage: $600-2,400/year
Maintenance: $1,000-3,000/year

Usage Costs

Fuel: 6-12 MPG typical
Campgrounds: $30-100/night
Propane: $50-200/year
Supplies: $500-1,500/year

Emergency Fund

Budget $2,000-5,000 for unexpected repairs. RV systems are complex and repairs can be expensive. Major components like generators, air conditioners, and refrigerators can cost $1,000+ to replace.

💡 Smart Financing Tips

Shop Multiple Lenders

Compare banks, credit unions, and RV dealership financing

Get Pre-approved

Know your budget before shopping, negotiate from strength

Consider Shorter Terms

Save thousands in interest with 7-10 year loans

Avoid Extended Warranties

Often overpriced, save money for self-insurance

Budget Realistically

Include insurance, storage, and maintenance costs

Time Your Purchase

End of season/model year for best deals

Frequently Asked Questions

What factors affect RV loan interest rates?
RV loan rates depend on your credit score, loan term, down payment amount, RV age and type, debt-to-income ratio, and lender policies. New RVs typically get better rates than used ones. Credit scores above 700 generally qualify for the best rates.
How much should I put down on an RV loan?
Most lenders require 10-20% down payment for RV loans. A larger down payment reduces your monthly payment, total interest paid, and may qualify you for better rates. Consider your budget and keep some cash for RV insurance, maintenance, and camping expenses.
What is the typical loan term for RV financing?
RV loan terms typically range from 5-20 years, with 10-15 years being most common. Longer terms mean lower monthly payments but more total interest. Shorter terms save money overall but have higher monthly payments. Choose based on your budget and financial goals.
Should I include trade-in value in my RV loan calculation?
Yes, your trade-in value reduces the amount you need to finance. Get your current RV appraised by multiple dealers to understand its true market value. The trade-in value is applied as additional down payment, lowering your loan amount and monthly payments.
What additional costs should I budget for RV ownership?
Beyond loan payments, budget for RV insurance ($1,000-3,000/year), registration fees, maintenance, storage costs, campground fees, fuel, and emergency repairs. These ongoing costs can add $3,000-8,000 annually depending on usage and RV size.

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