RV Loan Calculator
Estimate the monthly payment, total interest and full amortization schedule on a new or used RV loan. RV loans run longer than auto loans. Terms of 10 to 20 years are common, which lowers the monthly payment but raises lifetime interest.
For reference, the U.S. Prime Rate is currently 6.75% (source: Federal Reserve H.15, as of 2026-08-13). Lenders price RV loans as Prime plus a margin set by your credit and term, so the rate you are quoted will usually sit above this. Enter the actual rate a lender offered. This benchmark is context only and never enters the calculation.
RV loan questions
What credit score do I need for an RV loan?
Most lenders look for 660+ for their advertised rates; 700+ unlocks the lowest APRs. Loans are available below that, usually at a higher rate and a larger down payment.
How long can you finance an RV?
Common terms run 10 to 20 years on larger motorhomes. Longer terms cut the monthly payment but you pay substantially more interest over the life of the loan. The schedule below shows the difference.
How much should I put down on an RV?
10 to 20 percent is typical. More down means a smaller loan, a better rate, and less risk of being upside down as the RV depreciates.
How this estimate is built
The model
Figures assume a fixed rate and equal monthly payments; sales tax and trade-in are optional and adjust the financed amount. Some RV loans use balloon, seasonal or simple-interest structures this tool doesn’t model. The interest rate is the one you enter from your lender, not a figure we set. Confirm any offer with the lender.
Not a lender
Asset Loan Calculator is independent and is not a lender, broker, or affiliate of any lender. Nothing here is a loan offer or financial advice. For real quotes, compare lenders and local credit unions directly.