# Boat Loan Calculator

Estimate your monthly payments with AssetBrief’s boat loan calculator. Simply enter the loan amount, interest rate, and loan term to see your estimated monthly payments.

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## {"ca": {"r_loan_amount": "$5,000", "r_interest_rate": "3%", "r_loan_term_in_years": "5", "r_loan_term_in_months": "60", "r_this_year": "2020", "r_estimated_monthly_payment": "$89.84", "r_total_payment": "$5,390.61", "r_total_interest": "$390.61", "r_average_monthly_interest": "$7", "r_loan_amount_as_a_percent_of_total_payment": "93%", "r_total_interest_as_a_percent_of_total_payment": "7%", "r_total_interest_as_a_percent_of_loan_amount": "8%", "r_total_payment_summary": "Your total payment of$5,390.61 is comprised of your $5,000 loan amount (principal) and$390.61 in interest payments.", "c-definition": "simple_loan", "loan_amount": "5000", "interest_rate": "3", "loan_term_in_years": "5"}}

$% years Monthly payments$89.84
Total payment
$5,390.61 Total interest payment$390.61
7% of total payment 8% of loan amount
Total payment breakdown
Your total payment of $5,390.61 is comprised of your$5,000 loan amount (principal) and $390.61 in interest payments. Loan amount$5,000
Total interest

### What down payment should I make on a boat loan?

Lenders generally want to see between 10% to 20% down payment on a boat loan. This also depends on the cost of the boat.