RV Loan Calculator

Compare Car Insurance Quotes in Real-Time and Save

Quickly compare auto insurance quotes from top providers to see how you can save up to $1,025 on your annual premium

‍

1. Enter RV & Loan Details

• RV Price: Start by entering the total purchase price of the RV (e.g., $75,000).
• Down Payment Percentage: Enter how much you’ll pay upfront, either as a percentage or dollar value (e.g., 15%).
• Loan Term: Select how long you’ll finance the RV (e.g., 120 months = 10 years).
• Credit Score Range: Choose your credit score bracket. This helps estimate the interest rate (e.g., "Fair (580–669)").
• Interest Rate: The calculator suggests one based on your credit score, but you can adjust it manually (e.g., 6.5%).
• Loan Start Date: Select when your loan begins (e.g., September 2025). This sets when payments will start.

2. Review the Loan Summary

The right-hand panel shows key results:

• Monthly Payment: How much you’ll owe each month (e.g., $850).
• Loan Term: Confirms repayment length (e.g., 120 months).
• Interest Rate: Displays the APR used in the calculation (6.5%).
• Total Cost: The total you’ll pay across the life of the loan, including interest (e.g., $102,000).

3. Explore the Amortization Schedule

The calculator breaks down each payment into:

• Principal: The portion reducing your loan balance.
• Interest: The portion going to the lender.
• Balance: What you still owe after that payment.

For example:

• Sep 2025: $420 principal + $430 interest = $850 → Balance $74,580
• Oct 2025: $422 principal + $428 interest = $850 → Balance $74,158

And so on, until the RV loan is fully paid off. Over time, more of your monthly payment shifts from interest toward principal.

4. Adjust and Compare Scenarios

You can experiment by changing:

• Loan Term: Shorter terms mean higher monthly payments but less total interest; longer terms mean lower monthly payments but more interest.
• Down Payment: A larger upfront payment reduces both monthly costs and total loan balance.
• Interest Rate: A better credit score or lender offer lowers overall costs.

This allows you to test different scenarios and find the balance between monthly affordability and long-term savings.

How to Get an RV Loan

Buying an RV is a big adventure — and getting the right loan can help you hit the road with confidence. Here’s how to set yourself up for success:

1. Know Your Budget

Think beyond just the monthly payment. Yes, that number matters, but so does the RV’s full price tag. Add in sales tax, fees, insurance, and all those little extras (like accessories or campground memberships) to see the real cost. Decide what feels comfortable both month-to-month and overall.

2. Plan Your Down Payment

How much do you want to put down upfront? The more you pay now, the less you’ll owe later (and the less interest you’ll rack up). But balance is key: don’t drain your savings if it means leaving yourself without a safety net.

3. Check Your Credit Score

Your credit score = your leverage. A higher score often means a lower interest rate. Take a peek at where you stand before applying. If it’s not where you’d like it, you can:

• Pay down high balances
• Fix errors on your credit report
• Catch up on late payments

Small moves now can make a big difference later.

4. Shop Around for Lenders

Not all lenders are the same. Some specialize in RV loans, some don’t. Rates and terms can vary widely — so do yourself a favor and compare offers. A little research could save you thousands over the life of your loan.

5. Pick Your Loan Terms

RV loan terms can stretch from a few years to more than a decade. A shorter term means higher monthly payments but less interest overall. A longer term = lower monthly payments, but you’ll pay more in interest. Choose the balance that works best for your lifestyle and budget.

‍
What to Consider When Shopping for an RV

Thinking about buying an RV? Before you jump in, here are a few key things to keep in mind so you can find the right fit for your lifestyle, budget, and travel goals.

Floor Plan: How You’ll Use It

If your RV is going to be your home on wheels, you’ll want space, comfort, and all the household must-haves — think Class A motorhomes or fifth-wheel trailers.
But if you’re only planning weekend getaways, a travel trailer or pop-up camper might be just right.

Storage: Don’t Overlook It

Storage goes hand-in-hand with your floor plan. Bigger rigs like Class A’s or fifth-wheels have plenty of room for long-term living. Smaller options like truck campers or travel trailers offer less space, but still work well for short and medium trips.

Customization: Your RV, Your Style

Want the works — full kitchen, home entertainment, Wi-Fi, maybe even a spa-like bathroom? Top-of-the-line motorhomes give you the most flexibility for add-ons and upgrades.

Fuel Economy: Luxury vs. MPG

Here’s the trade-off: motorhomes offer comfort but usually get 8–15 MPG (gas or diesel). Towable RVs also affect your vehicle’s fuel efficiency. Factor in long-term fuel costs when comparing models.

Build Quality: Think Long-Term

Not all RVs are built the same. Cheaper roofs, walls, and finishes might look great at first but can wear out quickly — leading to leaks, mildew, and costly repairs. Investing in quality materials up front can save you big headaches down the road.

Bottom line: Shopping for an RV isn’t just about the sticker price. It’s about finding the right balance of comfort, cost, and reliability so you can enjoy the journey without unexpected surprises

Frequently asked questions