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