loan calculator


Mobile Home Loan Calculator

Mobile Home Loan Calculator with amortization schedule to estimate the monthly payment for your mobile home loan. The mobile home mortgage calculator will show you the total costs and interest payments of the loan.

Mobile Home Mortgage Calculator

Loan Amount
Loan Terms
years
Interest Rate
First Payment Date
Amortization Schedule
Show By Month Year

Loan Summary

Loan Amount:
$200,000.00
Monthly Payment:
$1,141.86
Total # Of Payments:
360
Start Date:
Apr, 2024
Payoff Date:
Mar, 2054
Total Interest Paid:
$211,069.63
Total Payment:
$411,069.63

Mobile Home Loan Amortization Schedule

Payment Date Payment # Interest Paid Principal Paid Total Payment Remaining Balance
Apr, 2024 1 $925.00 $216.86 $1,141.86 $199,783.14
May, 2024 2 $924.00 $217.86 $1,141.86 $199,565.28
Jun, 2024 3 $922.99 $218.87 $1,141.86 $199,346.41
Jul, 2024 4 $921.98 $219.88 $1,141.86 $199,126.52
Aug, 2024 5 $920.96 $220.90 $1,141.86 $198,905.62
Sep, 2024 6 $919.94 $221.92 $1,141.86 $198,683.70
Oct, 2024 7 $918.91 $222.95 $1,141.86 $198,460.75
Nov, 2024 8 $917.88 $223.98 $1,141.86 $198,236.77
Dec, 2024 9 $916.85 $225.01 $1,141.86 $198,011.76
Jan, 2025 10 $915.80 $226.06 $1,141.86 $197,785.70
Feb, 2025 11 $914.76 $227.10 $1,141.86 $197,558.60
Mar, 2025 12 $913.71 $228.15 $1,141.86 $197,330.45
Apr, 2025 13 $912.65 $229.21 $1,141.86 $197,101.24
May, 2025 14 $911.59 $230.27 $1,141.86 $196,870.98
Jun, 2025 15 $910.53 $231.33 $1,141.86 $196,639.65
Jul, 2025 16 $909.46 $232.40 $1,141.86 $196,407.24
Aug, 2025 17 $908.38 $233.48 $1,141.86 $196,173.77
Sep, 2025 18 $907.30 $234.56 $1,141.86 $195,939.21
Oct, 2025 19 $906.22 $235.64 $1,141.86 $195,703.57
Nov, 2025 20 $905.13 $236.73 $1,141.86 $195,466.84
Dec, 2025 21 $904.03 $237.83 $1,141.86 $195,229.01
Jan, 2026 22 $902.93 $238.93 $1,141.86 $194,990.09
Feb, 2026 23 $901.83 $240.03 $1,141.86 $194,750.06
Mar, 2026 24 $900.72 $241.14 $1,141.86 $194,508.92
Apr, 2026 25 $899.60 $242.26 $1,141.86 $194,266.66
May, 2026 26 $898.48 $243.38 $1,141.86 $194,023.28
Jun, 2026 27 $897.36 $244.50 $1,141.86 $193,778.78
Jul, 2026 28 $896.23 $245.63 $1,141.86 $193,533.15
Aug, 2026 29 $895.09 $246.77 $1,141.86 $193,286.38
Sep, 2026 30 $893.95 $247.91 $1,141.86 $193,038.47
Oct, 2026 31 $892.80 $249.06 $1,141.86 $192,789.41
Nov, 2026 32 $891.65 $250.21 $1,141.86 $192,539.20
Dec, 2026 33 $890.49 $251.37 $1,141.86 $192,287.83
Jan, 2027 34 $889.33 $252.53 $1,141.86 $192,035.31
Feb, 2027 35 $888.16 $253.70 $1,141.86 $191,781.61
Mar, 2027 36 $886.99 $254.87 $1,141.86 $191,526.74
Apr, 2027 37 $885.81 $256.05 $1,141.86 $191,270.69
May, 2027 38 $884.63 $257.23 $1,141.86 $191,013.46
Jun, 2027 39 $883.44 $258.42 $1,141.86 $190,755.03
Jul, 2027 40 $882.24 $259.62 $1,141.86 $190,495.42
Aug, 2027 41 $881.04 $260.82 $1,141.86 $190,234.60
Sep, 2027 42 $879.84 $262.03 $1,141.86 $189,972.57
Oct, 2027 43 $878.62 $263.24 $1,141.86 $189,709.33
Nov, 2027 44 $877.41 $264.45 $1,141.86 $189,444.88
Dec, 2027 45 $876.18 $265.68 $1,141.86 $189,179.20
Jan, 2028 46 $874.95 $266.91 $1,141.86 $188,912.30
Feb, 2028 47 $873.72 $268.14 $1,141.86 $188,644.16
Mar, 2028 48 $872.48 $269.38 $1,141.86 $188,374.77
Apr, 2028 49 $871.23 $270.63 $1,141.86 $188,104.15
May, 2028 50 $869.98 $271.88 $1,141.86 $187,832.27
Jun, 2028 51 $868.72 $273.14 $1,141.86 $187,559.13
Jul, 2028 52 $867.46 $274.40 $1,141.86 $187,284.73
Aug, 2028 53 $866.19 $275.67 $1,141.86 $187,009.07
Sep, 2028 54 $864.92 $276.94 $1,141.86 $186,732.12
Oct, 2028 55 $863.64 $278.22 $1,141.86 $186,453.90
Nov, 2028 56 $862.35 $279.51 $1,141.86 $186,174.39
Dec, 2028 57 $861.06 $280.80 $1,141.86 $185,893.59
Jan, 2029 58 $859.76 $282.10 $1,141.86 $185,611.48
Feb, 2029 59 $858.45 $283.41 $1,141.86 $185,328.08
Mar, 2029 60 $857.14 $284.72 $1,141.86 $185,043.36
Apr, 2029 61 $855.83 $286.03 $1,141.86 $184,757.32
May, 2029 62 $854.50 $287.36 $1,141.86 $184,469.97
Jun, 2029 63 $853.17 $288.69 $1,141.86 $184,181.28
Jul, 2029 64 $851.84 $290.02 $1,141.86 $183,891.26
Aug, 2029 65 $850.50 $291.36 $1,141.86 $183,599.89
Sep, 2029 66 $849.15 $292.71 $1,141.86 $183,307.18
Oct, 2029 67 $847.80 $294.06 $1,141.86 $183,013.12
Nov, 2029 68 $846.44 $295.42 $1,141.86 $182,717.70
Dec, 2029 69 $845.07 $296.79 $1,141.86 $182,420.90
Jan, 2030 70 $843.70 $298.16 $1,141.86 $182,122.74
Feb, 2030 71 $842.32 $299.54 $1,141.86 $181,823.20
Mar, 2030 72 $840.93 $300.93 $1,141.86 $181,522.27
Apr, 2030 73 $839.54 $302.32 $1,141.86 $181,219.95
May, 2030 74 $838.14 $303.72 $1,141.86 $180,916.23
Jun, 2030 75 $836.74 $305.12 $1,141.86 $180,611.11
Jul, 2030 76 $835.33 $306.53 $1,141.86 $180,304.58
Aug, 2030 77 $833.91 $307.95 $1,141.86 $179,996.63
Sep, 2030 78 $832.48 $309.38 $1,141.86 $179,687.25
Oct, 2030 79 $831.05 $310.81 $1,141.86 $179,376.44
Nov, 2030 80 $829.62 $312.24 $1,141.86 $179,064.20
Dec, 2030 81 $828.17 $313.69 $1,141.86 $178,750.51
Jan, 2031 82 $826.72 $315.14 $1,141.86 $178,435.37
Feb, 2031 83 $825.26 $316.60 $1,141.86 $178,118.78
Mar, 2031 84 $823.80 $318.06 $1,141.86 $177,800.72
Apr, 2031 85 $822.33 $319.53 $1,141.86 $177,481.18
May, 2031 86 $820.85 $321.01 $1,141.86 $177,160.17
Jun, 2031 87 $819.37 $322.49 $1,141.86 $176,837.68
Jul, 2031 88 $817.87 $323.99 $1,141.86 $176,513.69
Aug, 2031 89 $816.38 $325.48 $1,141.86 $176,188.21
Sep, 2031 90 $814.87 $326.99 $1,141.86 $175,861.22
Oct, 2031 91 $813.36 $328.50 $1,141.86 $175,532.72
Nov, 2031 92 $811.84 $330.02 $1,141.86 $175,202.70
Dec, 2031 93 $810.31 $331.55 $1,141.86 $174,871.15
Jan, 2032 94 $808.78 $333.08 $1,141.86 $174,538.07
Feb, 2032 95 $807.24 $334.62 $1,141.86 $174,203.45
Mar, 2032 96 $805.69 $336.17 $1,141.86 $173,867.28
Apr, 2032 97 $804.14 $337.72 $1,141.86 $173,529.55
May, 2032 98 $802.57 $339.29 $1,141.86 $173,190.27
Jun, 2032 99 $801.00 $340.86 $1,141.86 $172,849.41
Jul, 2032 100 $799.43 $342.43 $1,141.86 $172,506.98
Aug, 2032 101 $797.84 $344.02 $1,141.86 $172,162.97
Sep, 2032 102 $796.25 $345.61 $1,141.86 $171,817.36
Oct, 2032 103 $794.66 $347.20 $1,141.86 $171,470.16
Nov, 2032 104 $793.05 $348.81 $1,141.86 $171,121.34
Dec, 2032 105 $791.44 $350.42 $1,141.86 $170,770.92
Jan, 2033 106 $789.82 $352.04 $1,141.86 $170,418.88
Feb, 2033 107 $788.19 $353.67 $1,141.86 $170,065.20
Mar, 2033 108 $786.55 $355.31 $1,141.86 $169,709.89
Apr, 2033 109 $784.91 $356.95 $1,141.86 $169,352.94
May, 2033 110 $783.26 $358.60 $1,141.86 $168,994.34
Jun, 2033 111 $781.60 $360.26 $1,141.86 $168,634.08
Jul, 2033 112 $779.93 $361.93 $1,141.86 $168,272.15
Aug, 2033 113 $778.26 $363.60 $1,141.86 $167,908.55
Sep, 2033 114 $776.58 $365.28 $1,141.86 $167,543.27
Oct, 2033 115 $774.89 $366.97 $1,141.86 $167,176.29
Nov, 2033 116 $773.19 $368.67 $1,141.86 $166,807.63
Dec, 2033 117 $771.49 $370.37 $1,141.86 $166,437.25
Jan, 2034 118 $769.77 $372.09 $1,141.86 $166,065.16
Feb, 2034 119 $768.05 $373.81 $1,141.86 $165,691.35
Mar, 2034 120 $766.32 $375.54 $1,141.86 $165,315.82
Apr, 2034 121 $764.59 $377.27 $1,141.86 $164,938.54
May, 2034 122 $762.84 $379.02 $1,141.86 $164,559.52
Jun, 2034 123 $761.09 $380.77 $1,141.86 $164,178.75
Jul, 2034 124 $759.33 $382.53 $1,141.86 $163,796.22
Aug, 2034 125 $757.56 $384.30 $1,141.86 $163,411.91
Sep, 2034 126 $755.78 $386.08 $1,141.86 $163,025.83
Oct, 2034 127 $753.99 $387.87 $1,141.86 $162,637.97
Nov, 2034 128 $752.20 $389.66 $1,141.86 $162,248.31
Dec, 2034 129 $750.40 $391.46 $1,141.86 $161,856.85
Jan, 2035 130 $748.59 $393.27 $1,141.86 $161,463.58
Feb, 2035 131 $746.77 $395.09 $1,141.86 $161,068.48
Mar, 2035 132 $744.94 $396.92 $1,141.86 $160,671.57
Apr, 2035 133 $743.11 $398.75 $1,141.86 $160,272.81
May, 2035 134 $741.26 $400.60 $1,141.86 $159,872.21
Jun, 2035 135 $739.41 $402.45 $1,141.86 $159,469.76
Jul, 2035 136 $737.55 $404.31 $1,141.86 $159,065.45
Aug, 2035 137 $735.68 $406.18 $1,141.86 $158,659.27
Sep, 2035 138 $733.80 $408.06 $1,141.86 $158,251.21
Oct, 2035 139 $731.91 $409.95 $1,141.86 $157,841.26
Nov, 2035 140 $730.02 $411.84 $1,141.86 $157,429.41
Dec, 2035 141 $728.11 $413.75 $1,141.86 $157,015.67
Jan, 2036 142 $726.20 $415.66 $1,141.86 $156,600.00
Feb, 2036 143 $724.28 $417.59 $1,141.86 $156,182.42
Mar, 2036 144 $722.34 $419.52 $1,141.86 $155,762.90
Apr, 2036 145 $720.40 $421.46 $1,141.86 $155,341.44
May, 2036 146 $718.45 $423.41 $1,141.86 $154,918.04
Jun, 2036 147 $716.50 $425.36 $1,141.86 $154,492.67
Jul, 2036 148 $714.53 $427.33 $1,141.86 $154,065.34
Aug, 2036 149 $712.55 $429.31 $1,141.86 $153,636.04
Sep, 2036 150 $710.57 $431.29 $1,141.86 $153,204.74
Oct, 2036 151 $708.57 $433.29 $1,141.86 $152,771.45
Nov, 2036 152 $706.57 $435.29 $1,141.86 $152,336.16
Dec, 2036 153 $704.55 $437.31 $1,141.86 $151,898.86
Jan, 2037 154 $702.53 $439.33 $1,141.86 $151,459.53
Feb, 2037 155 $700.50 $441.36 $1,141.86 $151,018.17
Mar, 2037 156 $698.46 $443.40 $1,141.86 $150,574.77
Apr, 2037 157 $696.41 $445.45 $1,141.86 $150,129.32
May, 2037 158 $694.35 $447.51 $1,141.86 $149,681.80
Jun, 2037 159 $692.28 $449.58 $1,141.86 $149,232.22
Jul, 2037 160 $690.20 $451.66 $1,141.86 $148,780.56
Aug, 2037 161 $688.11 $453.75 $1,141.86 $148,326.81
Sep, 2037 162 $686.01 $455.85 $1,141.86 $147,870.96
Oct, 2037 163 $683.90 $457.96 $1,141.86 $147,413.01
Nov, 2037 164 $681.79 $460.07 $1,141.86 $146,952.93
Dec, 2037 165 $679.66 $462.20 $1,141.86 $146,490.73
Jan, 2038 166 $677.52 $464.34 $1,141.86 $146,026.39
Feb, 2038 167 $675.37 $466.49 $1,141.86 $145,559.90
Mar, 2038 168 $673.21 $468.65 $1,141.86 $145,091.25
Apr, 2038 169 $671.05 $470.81 $1,141.86 $144,620.44
May, 2038 170 $668.87 $472.99 $1,141.86 $144,147.45
Jun, 2038 171 $666.68 $475.18 $1,141.86 $143,672.27
Jul, 2038 172 $664.48 $477.38 $1,141.86 $143,194.90
Aug, 2038 173 $662.28 $479.58 $1,141.86 $142,715.31
Sep, 2038 174 $660.06 $481.80 $1,141.86 $142,233.51
Oct, 2038 175 $657.83 $484.03 $1,141.86 $141,749.48
Nov, 2038 176 $655.59 $486.27 $1,141.86 $141,263.21
Dec, 2038 177 $653.34 $488.52 $1,141.86 $140,774.69
Jan, 2039 178 $651.08 $490.78 $1,141.86 $140,283.92
Feb, 2039 179 $648.81 $493.05 $1,141.86 $139,790.87
Mar, 2039 180 $646.53 $495.33 $1,141.86 $139,295.54
Apr, 2039 181 $644.24 $497.62 $1,141.86 $138,797.92
May, 2039 182 $641.94 $499.92 $1,141.86 $138,298.00
Jun, 2039 183 $639.63 $502.23 $1,141.86 $137,795.77
Jul, 2039 184 $637.31 $504.55 $1,141.86 $137,291.22
Aug, 2039 185 $634.97 $506.89 $1,141.86 $136,784.33
Sep, 2039 186 $632.63 $509.23 $1,141.86 $136,275.10
Oct, 2039 187 $630.27 $511.59 $1,141.86 $135,763.51
Nov, 2039 188 $627.91 $513.95 $1,141.86 $135,249.56
Dec, 2039 189 $625.53 $516.33 $1,141.86 $134,733.23
Jan, 2040 190 $623.14 $518.72 $1,141.86 $134,214.51
Feb, 2040 191 $620.74 $521.12 $1,141.86 $133,693.39
Mar, 2040 192 $618.33 $523.53 $1,141.86 $133,169.86
Apr, 2040 193 $615.91 $525.95 $1,141.86 $132,643.91
May, 2040 194 $613.48 $528.38 $1,141.86 $132,115.53
Jun, 2040 195 $611.03 $530.83 $1,141.86 $131,584.70
Jul, 2040 196 $608.58 $533.28 $1,141.86 $131,051.42
Aug, 2040 197 $606.11 $535.75 $1,141.86 $130,515.68
Sep, 2040 198 $603.63 $538.23 $1,141.86 $129,977.45
Oct, 2040 199 $601.15 $540.71 $1,141.86 $129,436.74
Nov, 2040 200 $598.64 $543.22 $1,141.86 $128,893.52
Dec, 2040 201 $596.13 $545.73 $1,141.86 $128,347.79
Jan, 2041 202 $593.61 $548.25 $1,141.86 $127,799.54
Feb, 2041 203 $591.07 $550.79 $1,141.86 $127,248.75
Mar, 2041 204 $588.53 $553.33 $1,141.86 $126,695.42
Apr, 2041 205 $585.97 $555.89 $1,141.86 $126,139.53
May, 2041 206 $583.40 $558.46 $1,141.86 $125,581.06
Jun, 2041 207 $580.81 $561.05 $1,141.86 $125,020.01
Jul, 2041 208 $578.22 $563.64 $1,141.86 $124,456.37
Aug, 2041 209 $575.61 $566.25 $1,141.86 $123,890.12
Sep, 2041 210 $572.99 $568.87 $1,141.86 $123,321.25
Oct, 2041 211 $570.36 $571.50 $1,141.86 $122,749.75
Nov, 2041 212 $567.72 $574.14 $1,141.86 $122,175.61
Dec, 2041 213 $565.06 $576.80 $1,141.86 $121,598.81
Jan, 2042 214 $562.39 $579.47 $1,141.86 $121,019.35
Feb, 2042 215 $559.71 $582.15 $1,141.86 $120,437.20
Mar, 2042 216 $557.02 $584.84 $1,141.86 $119,852.36
Apr, 2042 217 $554.32 $587.54 $1,141.86 $119,264.82
May, 2042 218 $551.60 $590.26 $1,141.86 $118,674.56
Jun, 2042 219 $548.87 $592.99 $1,141.86 $118,081.57
Jul, 2042 220 $546.13 $595.73 $1,141.86 $117,485.84
Aug, 2042 221 $543.37 $598.49 $1,141.86 $116,887.35
Sep, 2042 222 $540.60 $601.26 $1,141.86 $116,286.09
Oct, 2042 223 $537.82 $604.04 $1,141.86 $115,682.06
Nov, 2042 224 $535.03 $606.83 $1,141.86 $115,075.23
Dec, 2042 225 $532.22 $609.64 $1,141.86 $114,465.59
Jan, 2043 226 $529.40 $612.46 $1,141.86 $113,853.13
Feb, 2043 227 $526.57 $615.29 $1,141.86 $113,237.84
Mar, 2043 228 $523.73 $618.14 $1,141.86 $112,619.71
Apr, 2043 229 $520.87 $620.99 $1,141.86 $111,998.71
May, 2043 230 $517.99 $623.87 $1,141.86 $111,374.85
Jun, 2043 231 $515.11 $626.75 $1,141.86 $110,748.10
Jul, 2043 232 $512.21 $629.65 $1,141.86 $110,118.45
Aug, 2043 233 $509.30 $632.56 $1,141.86 $109,485.88
Sep, 2043 234 $506.37 $635.49 $1,141.86 $108,850.40
Oct, 2043 235 $503.43 $638.43 $1,141.86 $108,211.97
Nov, 2043 236 $500.48 $641.38 $1,141.86 $107,570.59
Dec, 2043 237 $497.51 $644.35 $1,141.86 $106,926.24
Jan, 2044 238 $494.53 $647.33 $1,141.86 $106,278.92
Feb, 2044 239 $491.54 $650.32 $1,141.86 $105,628.60
Mar, 2044 240 $488.53 $653.33 $1,141.86 $104,975.27
Apr, 2044 241 $485.51 $656.35 $1,141.86 $104,318.92
May, 2044 242 $482.48 $659.39 $1,141.86 $103,659.54
Jun, 2044 243 $479.43 $662.43 $1,141.86 $102,997.10
Jul, 2044 244 $476.36 $665.50 $1,141.86 $102,331.60
Aug, 2044 245 $473.28 $668.58 $1,141.86 $101,663.03
Sep, 2044 246 $470.19 $671.67 $1,141.86 $100,991.36
Oct, 2044 247 $467.09 $674.78 $1,141.86 $100,316.58
Nov, 2044 248 $463.96 $677.90 $1,141.86 $99,638.69
Dec, 2044 249 $460.83 $681.03 $1,141.86 $98,957.65
Jan, 2045 250 $457.68 $684.18 $1,141.86 $98,273.47
Feb, 2045 251 $454.51 $687.35 $1,141.86 $97,586.13
Mar, 2045 252 $451.34 $690.52 $1,141.86 $96,895.60
Apr, 2045 253 $448.14 $693.72 $1,141.86 $96,201.89
May, 2045 254 $444.93 $696.93 $1,141.86 $95,504.96
Jun, 2045 255 $441.71 $700.15 $1,141.86 $94,804.81
Jul, 2045 256 $438.47 $703.39 $1,141.86 $94,101.42
Aug, 2045 257 $435.22 $706.64 $1,141.86 $93,394.78
Sep, 2045 258 $431.95 $709.91 $1,141.86 $92,684.87
Oct, 2045 259 $428.67 $713.19 $1,141.86 $91,971.68
Nov, 2045 260 $425.37 $716.49 $1,141.86 $91,255.19
Dec, 2045 261 $422.06 $719.80 $1,141.86 $90,535.38
Jan, 2046 262 $418.73 $723.13 $1,141.86 $89,812.25
Feb, 2046 263 $415.38 $726.48 $1,141.86 $89,085.77
Mar, 2046 264 $412.02 $729.84 $1,141.86 $88,355.93
Apr, 2046 265 $408.65 $733.21 $1,141.86 $87,622.72
May, 2046 266 $405.26 $736.60 $1,141.86 $86,886.11
Jun, 2046 267 $401.85 $740.01 $1,141.86 $86,146.10
Jul, 2046 268 $398.43 $743.43 $1,141.86 $85,402.67
Aug, 2046 269 $394.99 $746.87 $1,141.86 $84,655.80
Sep, 2046 270 $391.53 $750.33 $1,141.86 $83,905.47
Oct, 2046 271 $388.06 $753.80 $1,141.86 $83,151.67
Nov, 2046 272 $384.58 $757.28 $1,141.86 $82,394.39
Dec, 2046 273 $381.07 $760.79 $1,141.86 $81,633.60
Jan, 2047 274 $377.56 $764.30 $1,141.86 $80,869.30
Feb, 2047 275 $374.02 $767.84 $1,141.86 $80,101.46
Mar, 2047 276 $370.47 $771.39 $1,141.86 $79,330.07
Apr, 2047 277 $366.90 $774.96 $1,141.86 $78,555.11
May, 2047 278 $363.32 $778.54 $1,141.86 $77,776.57
Jun, 2047 279 $359.72 $782.14 $1,141.86 $76,994.42
Jul, 2047 280 $356.10 $785.76 $1,141.86 $76,208.66
Aug, 2047 281 $352.47 $789.40 $1,141.86 $75,419.27
Sep, 2047 282 $348.81 $793.05 $1,141.86 $74,626.22
Oct, 2047 283 $345.15 $796.71 $1,141.86 $73,829.51
Nov, 2047 284 $341.46 $800.40 $1,141.86 $73,029.11
Dec, 2047 285 $337.76 $804.10 $1,141.86 $72,225.01
Jan, 2048 286 $334.04 $807.82 $1,141.86 $71,417.19
Feb, 2048 287 $330.30 $811.56 $1,141.86 $70,605.63
Mar, 2048 288 $326.55 $815.31 $1,141.86 $69,790.32
Apr, 2048 289 $322.78 $819.08 $1,141.86 $68,971.24
May, 2048 290 $318.99 $822.87 $1,141.86 $68,148.38
Jun, 2048 291 $315.19 $826.67 $1,141.86 $67,321.70
Jul, 2048 292 $311.36 $830.50 $1,141.86 $66,491.20
Aug, 2048 293 $307.52 $834.34 $1,141.86 $65,656.87
Sep, 2048 294 $303.66 $838.20 $1,141.86 $64,818.67
Oct, 2048 295 $299.79 $842.07 $1,141.86 $63,976.60
Nov, 2048 296 $295.89 $845.97 $1,141.86 $63,130.63
Dec, 2048 297 $291.98 $849.88 $1,141.86 $62,280.75
Jan, 2049 298 $288.05 $853.81 $1,141.86 $61,426.93
Feb, 2049 299 $284.10 $857.76 $1,141.86 $60,569.17
Mar, 2049 300 $280.13 $861.73 $1,141.86 $59,707.45
Apr, 2049 301 $276.15 $865.71 $1,141.86 $58,841.73
May, 2049 302 $272.14 $869.72 $1,141.86 $57,972.02
Jun, 2049 303 $268.12 $873.74 $1,141.86 $57,098.28
Jul, 2049 304 $264.08 $877.78 $1,141.86 $56,220.50
Aug, 2049 305 $260.02 $881.84 $1,141.86 $55,338.66
Sep, 2049 306 $255.94 $885.92 $1,141.86 $54,452.74
Oct, 2049 307 $251.84 $890.02 $1,141.86 $53,562.72
Nov, 2049 308 $247.73 $894.13 $1,141.86 $52,668.59
Dec, 2049 309 $243.59 $898.27 $1,141.86 $51,770.32
Jan, 2050 310 $239.44 $902.42 $1,141.86 $50,867.90
Feb, 2050 311 $235.26 $906.60 $1,141.86 $49,961.30
Mar, 2050 312 $231.07 $910.79 $1,141.86 $49,050.51
Apr, 2050 313 $226.86 $915.00 $1,141.86 $48,135.51
May, 2050 314 $222.63 $919.23 $1,141.86 $47,216.28
Jun, 2050 315 $218.38 $923.48 $1,141.86 $46,292.79
Jul, 2050 316 $214.10 $927.76 $1,141.86 $45,365.04
Aug, 2050 317 $209.81 $932.05 $1,141.86 $44,432.99
Sep, 2050 318 $205.50 $936.36 $1,141.86 $43,496.63
Oct, 2050 319 $201.17 $940.69 $1,141.86 $42,555.94
Nov, 2050 320 $196.82 $945.04 $1,141.86 $41,610.91
Dec, 2050 321 $192.45 $949.41 $1,141.86 $40,661.50
Jan, 2051 322 $188.06 $953.80 $1,141.86 $39,707.70
Feb, 2051 323 $183.65 $958.21 $1,141.86 $38,749.48
Mar, 2051 324 $179.22 $962.64 $1,141.86 $37,786.84
Apr, 2051 325 $174.76 $967.10 $1,141.86 $36,819.74
May, 2051 326 $170.29 $971.57 $1,141.86 $35,848.18
Jun, 2051 327 $165.80 $976.06 $1,141.86 $34,872.11
Jul, 2051 328 $161.28 $980.58 $1,141.86 $33,891.54
Aug, 2051 329 $156.75 $985.11 $1,141.86 $32,906.42
Sep, 2051 330 $152.19 $989.67 $1,141.86 $31,916.76
Oct, 2051 331 $147.62 $994.25 $1,141.86 $30,922.51
Nov, 2051 332 $143.02 $998.84 $1,141.86 $29,923.67
Dec, 2051 333 $138.40 $1,003.46 $1,141.86 $28,920.21
Jan, 2052 334 $133.76 $1,008.10 $1,141.86 $27,912.10
Feb, 2052 335 $129.09 $1,012.77 $1,141.86 $26,899.33
Mar, 2052 336 $124.41 $1,017.45 $1,141.86 $25,881.88
Apr, 2052 337 $119.70 $1,022.16 $1,141.86 $24,859.73
May, 2052 338 $114.98 $1,026.88 $1,141.86 $23,832.84
Jun, 2052 339 $110.23 $1,031.63 $1,141.86 $22,801.21
Jul, 2052 340 $105.46 $1,036.40 $1,141.86 $21,764.81
Aug, 2052 341 $100.66 $1,041.20 $1,141.86 $20,723.61
Sep, 2052 342 $95.85 $1,046.01 $1,141.86 $19,677.59
Oct, 2052 343 $91.01 $1,050.85 $1,141.86 $18,626.74
Nov, 2052 344 $86.15 $1,055.71 $1,141.86 $17,571.03
Dec, 2052 345 $81.27 $1,060.59 $1,141.86 $16,510.44
Jan, 2053 346 $76.36 $1,065.50 $1,141.86 $15,444.94
Feb, 2053 347 $71.43 $1,070.43 $1,141.86 $14,374.51
Mar, 2053 348 $66.48 $1,075.38 $1,141.86 $13,299.13
Apr, 2053 349 $61.51 $1,080.35 $1,141.86 $12,218.78
May, 2053 350 $56.51 $1,085.35 $1,141.86 $11,133.43
Jun, 2053 351 $51.49 $1,090.37 $1,141.86 $10,043.07
Jul, 2053 352 $46.45 $1,095.41 $1,141.86 $8,947.66
Aug, 2053 353 $41.38 $1,100.48 $1,141.86 $7,847.18
Sep, 2053 354 $36.29 $1,105.57 $1,141.86 $6,741.61
Oct, 2053 355 $31.18 $1,110.68 $1,141.86 $5,630.93
Nov, 2053 356 $26.04 $1,115.82 $1,141.86 $4,515.11
Dec, 2053 357 $20.88 $1,120.98 $1,141.86 $3,394.14
Jan, 2054 358 $15.70 $1,126.16 $1,141.86 $2,267.97
Feb, 2054 359 $10.49 $1,131.37 $1,141.86 $1,136.60
Mar, 2054 360 $5.26 $1,136.60 $1,141.86 $0.00


What is a mobile home loan?

A mobile home loan is a loan to finance the purchase of a mobile home. Mobile homes also known as manufactured homes are built in a factory and can be carried around by trailer. Mobile homeowners can rent a space where they can place their mobile home or place the mobile home on their own land.


Mobile home vs. traditional home

A mobile home is much cheaper to build and buy than a traditional home. For those who are not ready or have the financial means to buy a traditional house, mobile homes might be a good choice. Mobile homes are also more flexible as they can be moved at a later time. For traditional homes, once they are built, they can't be moved. However, there are many disadvantages of owning a mobile home vs. a regular home which we will discuss next.


Pros and cons of buying a mobile home

There are many pros and cons of buying and owning a mobile home. Following is a list of the benefits and downsides of buying a mobile home.


Pros of buying a mobile home


  • More Affordable - mobile homes are much cheaper than traditional homes. If you can't afford a traditional house and don't want to rent, a mobile home might be your only choice.

  • Low maintenance costs - mobile homes have much lower maintenance costs and fewer headaches than a traditional homeowner.

  • Afford to live in a city where housing is expensive - if you are in a city like New York where the cost of living is high and housing price is through the roof, a mobile home might be a good choice if you don't want to relocate to another city or state.

  • Lower property taxes - property taxes for mobile homes are much lower because mobile homes are considered personal properties rather than permanent homes.

Cons of buying a mobile home


  • Depreciates - the biggest disadvantage of buying a mobile home is that it depreciates quickly.

    Unlike a traditional home where the home value usually appreciates over time, a mobile home goes in the opposite direction that it loses value. 

    A traditional home goes up in value as time progresses because the homeowner owns the land where the house is built. On the other hand, a mobile homeowner does not own the land, the mobile home they own is more like personal property.

    A mobile home is like a new car, once it leaves the factory as a car leaving the dealership, its value drops dramatically. Therefore, a mobile home is a bad investment from an investing point of view.

  • Interest rates are higher - mobile homes require different types of financing than a traditional mortgage and it can be expensive.¬†Mobile home buyers need to get a personal or chattel loan for personal properties where the interest rates are much higher than a conventional mortgage.

  • Harder to sell - once a mobile home is set up, they are not easy to move around. It could cost thousands of dollars just to move the mobile home. Therefore, it will be harder to find a buyer when you are ready to sell unless the buyer is ready to move into your mobile home.

  • Rent space - you will need to rent or buy a lot to place your mobile home. If you are renting a space from a trailer park, you need to pay park fees and follow the park rules.



How to apply for a mobile home loan?

There are many ways that you can finance your mobile home, you can get a chattel loan, a personal loan, or a VA loan if you qualify. Before you dive in and begin searching for leaders, you should first review your credit report as the credit score will determine how much the mobile home loan will cost you throughout the loan.


  • Check your credit report - when you apply for a mobile loan or any other type of loan, your lender will review your credit score.

    They will give you an interest rate based on your credit score. The higher your credit score, the lower your interest rate will be.

    Therefore, it is important to maintain a good credit score because it will save you thousands and thousands of dollars in interest if you ever need to get a loan. Get a copy of your credit report and check to see if there is any error.

    Dispute them if there is any error on your credit report with the three major credit bureaus, Experian, TransUnion, and Equifax.

  • Compare rates from multiple lenders - the majority of mobile home buyers use a chattel loan and some use a personal loan.

    Mobile home buyers can get a loan from the mobile home manufacturer, credit unions, government-sponsored loans for qualified buyers, or lenders that are specialized in mobile home loans.

    A loan from a mobile home manufacturer may be the most convenient, but they don't necessarily have the best rates.

    Borrowers should also first check to see if they can get a mortgage from the bank as chattel loans have a much higher interest rate than conventional mortgages. Many banks do not offer mobile home loans because they require borrowers to own the land where their mobile home will sit.


Mobile Home FAQs

Are mobile homes good investments?

No, mobile homes are not good investments as they go down in value as time passes. To have an investment that is good, you will need to expect a positive return. You are getting a negative return on investment with mobile homes.


What is the minimum credit score required for a mobile home loan?

The minimum credit score required to get a mobile home loan is between 580 to 620 depending on the lender. To get a lower interest rate, you will need to have a credit score of 700 or higher. And to get the best rate, you will likely need a credit score of at least 750.




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