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Why refinance?
Refinancing your boat is a fast and easy way to lower
your monthly payment. Refinancing your boat only a half percent will save you tens of thousands of dollars over the life of the loan. The following example shows how even a small decrease in the interest rate can save you thousands. |
| Loan Balance | $300,000 |
| Remaining term | 240 month |
| Current rate | 7.50% |
| Current payment | $2,416.75 |
At a rate of 5.99%
| Current payment | $2,147.56 |
| Savings per month | $269.19 |
| Savings per year | $3,230.28 |
| Savings over term | $64,605.60 |
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| Rates are subject to change without notice. Actual rate may vary based on credit history, collateral, state of residence, down payment, loan amount and other criteria. |