FOR CHARTER CAPTAINS · FREE PLANNING TOOL
Model down payment, term, interest and an optional balloon.
Opening the planning workspace…
Regulatory source records checked October 22, 2026; financial examples and entered values are assumptions. These tools do not submit applications or verify documents. Review the federal regulatory watch · Report a correction.
Principal = price − down payment + financed fees. Monthly rate = annual percent ÷ 1,200. Payment uses the standard amortization formula, adjusted for the present value of a balloon. At zero interest, payment = (principal − balloon) ÷ months. No financing gives a zero payment. Down payment cannot exceed price; balloon cannot exceed principal.
Interest = regular payments × months + balloon − principal. Upfront cash = down payment + cash fees. The calculation does not model variable rates, prepayment penalties, tax deductions, lender underwriting or boat resale value.
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