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Boat Loans 101: Should You Finance A Boat?Boat loan amortization involves paying off your boat loan over a designated period, or the loan term, through regular payments, usually monthly. These payments. Boat loan calculator with amortization schedule is used to calculate monthly payment and generates a boat loan amortization schedule. Our calculator shows you the estimated monthly payment for your boat loan, based on the loan amount, term length and interest rate of the loan.