RV Loan Calculator
Calculate your monthly payments for RV financing with our free recreational vehicle loan calculator. Whether you're buying a motorhome, travel trailer, fifth wheel, or camper van, understanding RV loan options helps you plan for the open road adventure ahead.
RV Loan Terms by Type and Price
| RV Type | Typical Price | Loan Term | Down Payment |
|---|---|---|---|
| Pop-up Camper | $10,000-$25,000 | 5-10 years | 10-20% |
| Travel Trailer | $20,000-$60,000 | 10-15 years | 10-20% |
| Fifth Wheel | $30,000-$150,000 | 10-20 years | 10-15% |
| Class C Motorhome | $60,000-$150,000 | 10-20 years | 10-15% |
| Class A Motorhome | $100,000-$500,000+ | 15-20 years | 10-20% |
RV Ownership Costs Beyond the Loan
Full-time and frequent RV travelers should budget for:
- Insurance: $1,000-$3,000+ annually
- Registration: $100-$1,500 (varies by state and class)
- Storage: $100-$500/month if not stored at home
- Maintenance: 2-5% of RV value annually
- Fuel: $0.30-$1.00+ per mile for motorized RVs
RV Loan Payment Calculator
``javascript
function calculateRVLoan(rvPrice, downPayment, rate, termYears) {
const loanAmount = rvPrice - downPayment;
const monthlyRate = rate / 100 / 12;
const numPayments = termYears * 12;
const monthlyPayment = loanAmount * (monthlyRate * Math.pow(1 + monthlyRate, numPayments))
/ (Math.pow(1 + monthlyRate, numPayments) - 1);
const totalPaid = monthlyPayment * numPayments;
const totalInterest = totalPaid - loanAmount;
// Calculate when loan balance crosses depreciation
const annualDepreciation = 0.10; // RVs depreciate ~10-20% first year
const fiveYearValue = rvPrice * Math.pow(1 - annualDepreciation, 5);
return {
monthlyPayment: monthlyPayment.toFixed(2),
totalInterest: totalInterest.toFixed(2),
estimatedValue5Years: fiveYearValue.toFixed(2)
};
}
``
New vs Used RV Considerations
New RVs offer warranties and modern features but depreciate 20-30% in the first year. Used RVs provide better value but require careful inspection. Many buyers find 2-3 year old RVs offer the best balance—previous owner absorbed major depreciation while the unit still has usable warranty coverage.
Where the Money Goes
On $35,000 at 7.5% over 5 years, paying $701 a month:
| Point | Principal repaid | Interest paid | Balance |
|---|---|---|---|
| Year 1 | $2,941 | $1,267 | $32,059 |
| Year 1 | $7,564 | $2,956 | $27,436 |
| Year 3 | $15,869 | $5,171 | $19,131 |
| Year 4 | $24,988 | $6,572 | $10,012 |
| Year 5 | $35,000 | $7,080 | $0 |
What a Rate Change Costs
| Rate | Monthly | vs 7.5% | Total repaid |
|---|---|---|---|
| 6.50% | $685 | -$17 | $41,089 |
| 7.00% | $693 | -$8 | $41,583 |
| 7.50% | $701 | — | $42,080 |
| 8.00% | $710 | +$8 | $42,580 |
| 8.50% | $718 | +$17 | $43,085 |