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Mortgage Calculator
Home Price
Enter the full purchase price of the mobile/manufactured home, plus land if applicable.
Down Payment
Specify how much you plan to pay upfront. Remember, even a small shift in the down payment can impact your monthly payment and overall interest.
Interest Rate
Provide the annual interest rate. This can depend on factors like your credit history, current market conditions, and the age of the home. If you’re unsure, look up average mortgage or chattel loan rates.
Loan Term
Select how many years you’ll be paying off the loan. Typical terms are 15, 20, or 30 years, although shorter terms are common for chattel loans. A longer term generally means smaller monthly payments but more total interest over time.
Property Tax & Insurance
Enter your estimated yearly property tax and home insurance costs, if they apply. These amounts can also vary based on location and coverage.
PMI
If you’re required to pay Private Mortgage Insurance (often when putting down less than 20%), include that annual amount here.
Calculate
Click “Calculate” to see your estimated monthly payment, factoring in principal, interest, taxes, and insurance
**Financing terms vary depending on market conditions, your credit profile, the age of the home, and other factors. For a rough idea, you can research current mobile home financing options—but remember, mobile home loans may differ from traditional mortgages.
