# RV Loan Calculator Calculate your monthly RV loan payment, total interest, and cost. Compare terms from 5 to 20 years for new and used recreational vehicles. Free RV loan calculator. ## What this calculates Plan your RV purchase with accurate payment estimates. Enter the RV price, down payment, interest rate, and loan term to see your monthly payment, total interest, and overall financing cost. ## Inputs - **RV Price** ($) — min 0 — The purchase price of the recreational vehicle. - **Down Payment** ($) — min 0 — Cash paid upfront. Most lenders require 10-20% down. - **Annual Interest Rate** (%) — min 0, max 20 — The APR on your RV loan. New RVs: 5-8%, used RVs: 6-10%. - **Loan Term (Years)** — options: 5 years, 7 years, 10 years, 12 years, 15 years, 20 years — RV loans range from 10 to 20 years for larger units. - **New or Used** — options: New RV, Used RV — Used RVs typically have higher rates and shorter max terms. ## Outputs - **Monthly Payment** — formatted as currency — Your estimated monthly RV loan payment. - **Amount Financed** — formatted as currency — RV price minus your down payment. - **Total Interest Paid** — formatted as currency — Total interest over the life of the loan. - **Total Cost** — formatted as currency — Total of all payments plus down payment. ## Details RV loans function like auto loans but with longer terms to accommodate higher price tags. Class A motorhomes can cost $100,000 to $300,000+, while travel trailers start around $15,000-$40,000. Loan terms typically range from 10 to 20 years for units over $50,000. For example, a $75,000 RV with $15,000 down at 7% APR for 15 years has a monthly payment of about $539. Over the full term, you will pay roughly $37,100 in interest, making the total cost $97,100. Shortening to 10 years bumps the payment to $697 but cuts total interest to $23,600, saving $13,500. New RV rates typically run 5-8%, while used RVs see 6-10% depending on age. Lenders usually require 10-20% down. If your RV has sleeping, cooking, and bathroom facilities, it may qualify as a second home for the mortgage interest deduction. Credit unions and RV-specialty lenders often offer the best rates compared to dealer financing. ## Frequently Asked Questions **Q: What is a typical RV loan interest rate?** A: RV loan rates depend on credit score, loan amount, term length, and whether the RV is new or used. New RV rates typically range from 5-8% for good credit borrowers. Used RVs cost 1-2% more. Excellent credit (750+) gets the best rates. Credit unions and RV specialty lenders often beat dealer financing by 1-2 percentage points. **Q: How long can I finance an RV?** A: RV loan terms range from 5 to 20 years. Loans over $50,000 can often qualify for 15-20 year terms. Shorter terms (5-10 years) have higher monthly payments but save significantly on interest. A general rule: do not finance an RV for longer than its useful life. Used RVs may be limited to shorter terms depending on the model year. **Q: Can I deduct RV loan interest on my taxes?** A: If your RV has sleeping quarters, a kitchen (cooking facilities), and a bathroom, the IRS may classify it as a second home. This means you could deduct the loan interest under the mortgage interest deduction, subject to the same debt limits as your primary home. Talk to a tax advisor to confirm eligibility for your RV. **Q: How much should I put down on an RV?** A: Most RV lenders require 10-20% down. A 20% down payment on a $75,000 RV ($15,000) significantly reduces your monthly payment and total interest. It also helps avoid being upside down on the loan, since RVs can depreciate 15-25% in the first year. A larger down payment offsets that initial depreciation hit. --- Source: https://vastcalc.com/calculators/finance/rv-loan Category: Finance Last updated: 2026-04-08