RV & Camper Loan Calculator
Calculate monthly loan payments, total interest, and financing costs for motorhomes, travel trailers, and campers.
About RV and Camper Financing
Recreational vehicle loans finance travel trailers, camper vans, and Class A, B, and C motorhomes, often offering terms ranging from 5 to 15 years.
Formula
M = P × [ r(1+r)n ] / [ (1+r)n - 1 ]
- P: Net financed balance
- r: Monthly interest rate (APR / 12 / 100)
- n: Number of monthly payments
Worked Example
Financing a $65,000 camper trailer with 20% down ($13,000) at 7.5% APR over 10 years (120 months):
- Monthly payment: ~$617.20
- Total interest: ~$22,064.00
- Total purchase outlay: ~$87,064.00
Frequently Asked Questions
Can an RV qualify as a primary or secondary home?
Yes. If your motorhome contains permanent cooking, sleeping, and sanitation facilities, loan interest may qualify for the secondary residence mortgage interest tax deduction in the United States.
What down payment do RV lenders prefer?
Most traditional RV lenders look for 10% to 20% down to offset early vehicle depreciation.
How long are typical RV loan terms?
Terms generally run between 5 and 15 years depending on the loan balance, with select high-end motorhome loans extending up to 20 years.
Does RV credit approval differ from passenger car approval?
Yes. Lenders often maintain stricter debt-to-income (DTI) and minimum credit score standards for RVs because they are considered discretionary recreational vehicles.
Calculate in three steps
- 1Enter your valuesUse the fields above and check the units shown beside each input.
- 2Run the calculationSelect Calculate to refresh the result with your latest values.
- 3Review or shareCompare the result, reset the form, print it, or share this page.