Use our free Boat Loan Calculator to estimate the monthly payment for a fixed-rate loan and create an amortization schedule. The calculator is a simple, self-explanatory, Excel spreadsheet and doesn't contain any macros. It gives you complete flexibility in adding additional payments and calculates how much is saved by avoiding paying so much interest.
Boat Loan Calculator for Excel
Calculate the monthly payment and create a payment schedule (i.e. amortization table) for a fixed-interest rate boat loan. The spreadsheet also allows you to input optional extra payments.
No Installation
Ad-Free
No Macros
Cost: Free ($0.00)
File Type: .xls
Size: ~100 KB
Version: 1.0.0
Required: Microsoft Excel 2002(XP), 2003, or 2007
Download
Note: The calculations in this spreadsheet are estimates, and although we believe the calculations to be correct, we do not guarantee the results. Please consult your financial advisor or lending institution before making any final financial decisions.
Additional Boat Expenses
Before jumping into buying a boat, make sure you consider all of the other expenses associated with owning and operating a boat - not just the monthly payment on your loan! Do a search on Google for "How to Buy a Boat" and read all the articles you can find. One recommendation I have seen for determining the maximum monthly boat loan payment is to make the payment less than 60% of your total monthly boat budget.
Below is a short list of some of the expenses and costs you might want to consider when figuring out what you can afford:
Maintenance and Repair
Insurance
Boat equipment (first aid, safety, etc.)
Sporting equipment (skiis, boards, nets, etc.)
Dockage costs
Registration and licensing fees
Transportation costs (to and from the water)
Fuel and Oil
Food and Beverages
Other Recreational Fees
Boat Loan Calculator for Excel
Calculate the monthly payment and create a payment schedule (i.e. amortization table) for a fixed-interest rate boat loan. The spreadsheet also allows you to input optional extra payments. No Installation
Ad-Free
No Macros
Cost: Free ($0.00)
File Type: .xls
Size: ~100 KB
Version: 1.0.0
Required: Microsoft Excel 2002(XP), 2003, or 2007
Download
Note: The calculations in this spreadsheet are estimates, and although we believe the calculations to be correct, we do not guarantee the results. Please consult your financial advisor or lending institution before making any final financial decisions.
Additional Boat Expenses
Before jumping into buying a boat, make sure you consider all of the other expenses associated with owning and operating a boat - not just the monthly payment on your loan! Do a search on Google for "How to Buy a Boat" and read all the articles you can find. One recommendation I have seen for determining the maximum monthly boat loan payment is to make the payment less than 60% of your total monthly boat budget.
Below is a short list of some of the expenses and costs you might want to consider when figuring out what you can afford:
Maintenance and Repair
Insurance
Boat equipment (first aid, safety, etc.)
Sporting equipment (skiis, boards, nets, etc.)
Dockage costs
Registration and licensing fees
Transportation costs (to and from the water)
Fuel and Oil
Food and Beverages
Other Recreational Fees