Ship Universe Maritime Tool

Ship Loan & Vessel Financing Calculator

Estimate ship loan payments, vessel financing costs, required equity, loan-to-value, total interest, balloon balance and debt-service coverage. Advanced mode also calculates minimum TCE required to cover vessel OPEX and debt service.

Debt
Monthly payment, annual debt service, total interest and balloon exposure
Equity
Down payment, financing fees, upfront cash and loan-to-value
Operating Coverage
DSCR plus minimum TCE needed to cover vessel OPEX and debt service

Vessel Purchase & Loan

Enter the proposed purchase price and basic financing terms.

$
%
%/year
years
% loan
$

Vessel Earnings & OPEX

Optional operating inputs turn the loan calculator into a debt-service coverage test.

$ /day
days/year
$ /year
x

Acquisition & Equity

Build the total cash required to close the vessel purchase.

$
%
% loan
$

Debt Structure

If amortization is longer than loan maturity, the remaining principal becomes a balloon at maturity.

%/year
years
years
months
$
x

Operating Cash Flow

TCE is treated as vessel earnings before daily vessel OPEX. Add other recurring net revenue separately if applicable.

$ /day
days/year
$ /year
$ /year

Vessel Financing Results

Simple ship loan analysis

Enter financing data
Enter the vessel purchase price, down payment, interest rate and loan term to calculate ship financing payments and cash requirements.
Planning estimate only. Actual marine financing terms may include floating rates, commitment fees, covenants, reserves, lender-required insurance, minimum liquidity, debt-service reserve accounts, mandatory prepayments, fees, taxes and other provisions not modeled here. Vessel earnings and market values can be volatile. Confirm loan terms with the lender and review legal, tax and financial implications before a vessel acquisition.
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