If you’re considering refinancing a boat loan, I can help you figure out whether it’s actually worth doing.

The key things to compare are:

• Current loan balance

• Current interest rate (APR)

• Remaining term/months

• Current monthly payment

• Boat’s approximate value

• Your credit score range

• Any prepayment penalty or refinance fees

• Whether you want a lower payment, lower total interest, or both

For example, if you give me:

Balance: $75,000
APR: 9.5%
6 years remaining
Payment: $1,370/month
Credit: ~760
Boat value: ~$100,000

I can calculate what rate you’d need for refinancing to make sense, estimate payments at several rates/terms, and show your total interest savings