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Simple Calculators

RV Loan Calculator

Estimate monthly payments on a motorhome, travel trailer, or camper loan

RV Purchase

Motorhome, travel trailer, fifth wheel, or camper

Optional; 0 if none

Applied to the price minus the trade-in

Documentation, title, or registration fees rolled into the loan

The annual rate on your loan offer

1–20 years; longer terms lower the payment but add interest

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All finance

Quick summary

An RV loan payment is the amount financed spread over the term with the standard amortization formula. In this example, a $90,000 RV with $18,000 down (20%), 6% sales tax ($5,400), and $500 of fees rolled into the loan leaves $77,900 to finance. At 8% for 15 years (180 payments) that is about $744.45 a month, $56,101 in total interest, and a total cost of $152,001 including the down payment. These are illustrative figures; use your own price, tax rate, and loan offer for an estimate.

Reviewed by Simple Calculators TeamLast reviewed

For planning only — not financial or tax advice. Results are estimates based on your inputs and the stated assumptions. Confirm important decisions with a qualified professional.

How to use this calculator

  1. Enter the RV Price ($) for the motorhome, trailer, or camper you are considering.
  2. Enter your Down Payment ($) and any Trade-In Value ($) from a vehicle or RV you are trading.
  3. Set Sales Tax (%) for the state where you will register the RV, and add any fees you are rolling in under Fees Financed ($).
  4. Enter the Interest Rate (%) from your loan offer and the Loan Term (years), from 1 to 20.
  5. Review the monthly payment, amount financed, total interest, and total cost, plus the principal vs interest bar.

RV Loan Formulas

Amount Financed

A=P+T+F−D−Vtrade,T=(P−Vtrade)×t100A = P + T + F - D - V_{\text{trade}}, \quad T = (P - V_{\text{trade}}) \times \frac{t}{100}
P
RV price
T
Sales tax, applied here to the price minus the trade-in
F
Fees rolled into the loan (documentation, title, registration)
D
Down payment
V (trade)
Trade-in value
t
Sales tax rate in percent

Worked example

A $90,000 RV, $18,000 down, 6% tax, $500 of fees, no trade-in

Given
P = $90,000
T = $5,400
F = $500
D = $18,000
Calculation
A=90,000+5,400+500−18,000A = 90{,}000 + 5{,}400 + 500 - 18{,}000
Result
A = $77,900

Monthly Payment

M=A×r(1+r)n(1+r)n−1,r=APR12×100M = A \times \frac{r(1 + r)^{n}}{(1 + r)^{n} - 1}, \quad r = \frac{\text{APR}}{12 \times 100}
r
Monthly interest rate (8% ÷ 12 = 0.0066667)
n
Number of monthly payments: years × 12

Worked example

$77,900 at 8% for 15 years (180 payments)

Given
A = $77,900
r = 0.0066667
n = 180
Calculation
M=77,900×0.0066667(1.0066667)180(1.0066667)180−1M = 77{,}900 \times \frac{0.0066667(1.0066667)^{180}}{(1.0066667)^{180} - 1}
Result
M ≈ $744.45 per month

Total Cost

C=D+M×nC = D + M \times n
D
Down payment
M × n
Every monthly payment over the term

Worked example

What the RV costs you in cash over 15 years

Given
D = $18,000
M = $744.45
n = 180
Calculation
C=18,000+744.45×180=18,000+134,001C = 18{,}000 + 744.45 \times 180 = 18{,}000 + 134{,}001
Result
C = $152,001

Total Interest

I=M×n−AI = M \times n - A
A
Amount financed

Worked example

Interest paid over the full term

Given
M × n = $134,001
A = $77,900
Calculation
I=134,001−77,900I = 134{,}001 - 77{,}900
Result
I = $56,101

Frequently asked questions

How is an RV loan payment calculated?

Add sales tax and any fees you finance to the RV price, then subtract your down payment and trade-in. The result is the amount financed, and the monthly payment spreads it over the term at your interest rate. In the example, $77,900 at 8% for 15 years is about $744.45 a month. Fees rolled into the loan are convenient but accrue interest for the whole term, so paying them upfront lowers the total cost slightly.

Does the type of RV affect the loan?

It can. Motorized RVs — Class A coaches, compact Class B camper vans, and mid-size Class C motorhomes — have an engine and drivetrain and usually cost more. Towables such as travel trailers, fifth wheels, and pop-up campers are pulled by another vehicle and are often smaller loans. Lenders commonly set the maximum term, down payment, and rate based on the loan amount, the RV's age, and its type, so ask how your choice affects the offer. The calculator works the same for any type: enter the price you would pay.

How does depreciation affect an RV loan?

Like most vehicles, RVs typically lose value over time, with the steepest drop often in the first few years. On a long loan with a small down payment, the balance can fall more slowly than the RV's value, leaving you owing more than it is worth (negative equity). That matters if you plan to sell or trade it in before the loan ends. A larger down payment or a shorter term reduces that risk; compare the total interest at different terms here.

What other costs come with owning an RV?

Budget beyond the loan payment for RV insurance (usually required while the loan is open), campground or RV park fees, off-season storage if you cannot park it at home, fuel, tires, routine maintenance, and annual registration. For a towable, also consider whether your current vehicle can safely tow it. Adding a monthly estimate for these to the payment gives a truer picture of what the RV will cost.

Should I choose a longer RV loan term?

A longer term lowers the monthly payment but increases the total interest, and it keeps you in the loan longer while the RV depreciates. In the example, the 15-year loan costs $56,101 in interest; change the Loan Term (years) to see how a shorter term raises the payment but cuts the interest. Pick a term whose payment fits your budget comfortably alongside the ownership costs above.

Key terms

Motorized RV
An RV with its own engine: Class A (large bus-style coach), Class B (camper van), or Class C (cab-over motorhome on a truck or van chassis).
Towable RV
An RV pulled by another vehicle, such as a travel trailer, fifth wheel, toy hauler, or pop-up camper.
Depreciation
The loss in an RV's market value over time, which affects what you can sell or trade it in for.
Negative Equity
Owing more on the loan than the RV is worth — common early in long loans with small down payments.

Methodology, sources & limitations

This page shows the formula, assumptions, and limitations used for this estimate. Rates, thresholds, and other time-sensitive inputs can change, so verify them against the relevant official source before relying on a result.

For our review approach and the primary sources we consult, see the methodology and source policy. If you spot an outdated figure or formula, please contact us with a correction.