Texas · TX
#2 US state in marine sales ($2.5B in 2022; top-5 marine spending state in 2025)
Top-5 US boating market with heavy Gulf Coast sportfish and cruiser concentration
#2 US state in marine sales ($2.5B in 2022; top-5 marine spending state in 2025)
Source: NMMA via Nautech & 2025 Recreational Boating Economic Impact
Texas Parks & Wildlife (TPWD) titles vessels under 115 feet unless the vessel is USCG documented and registers for a Texas validation decal. Lenders financing $250k+ cruisers require USCG documentation via the NVDC.
Read the documentation steps on the MarineCG Documentation Guide, then match the abstract to the lender's closing checklist.
Under Texas rules, unlicensed introductions must not include policy advice, rate negotiation, or commission sharing contingent on binding.
The precomputed column uses a Rule of 78s rebate on the scheduled finance charge. Both columns share the same scheduled payment. Payoff month is when you sell, refinance, or pay the note off early.
Scheduled monthly payment
$3,161.50
Total interest if held to term
$358,760.95
Precomputed penalty
$20,660.10
Extra interest a precomputed contract keeps, compared with simple interest, if the note is paid off at month 60. Your retail installment contract controls the actual rebate.
Finance math
Side-by-side math on a $350,000 boat loan showing how precomputed finance charges front-load interest and what that means at payoff or early sale.
11 min read · Reviewed November 4, 2026 · All
Finance math
From tax returns to marine surveys and proof of hurricane plan, here is the document stack marine lenders typically request on $250k+ deals.
9 min read · Reviewed November 4, 2026 · All
Finance math
Break-even math on refinancing a $420,000 balance: closing costs, remaining term, and when a 1-point rate drop actually puts cash back in your pocket.
10 min read · Reviewed November 4, 2026 · All
Finance math
Model 15% versus 20% down on a $650,000 sportfish and see how 15-year versus 20-year terms change monthly payment and total interest paid.
12 min read · Reviewed November 4, 2026 · All