Mobile Home Loan Calculator: Monthly Payment & Interest
Work out the monthly payment and total interest on a loan for a mobile or manufactured home.
Adjust the inputs and select Calculate for a full breakdown.
Year-by-year amortization schedule
Compare Common Scenarios
How the numbers shift across typical situations for this calculator:
| Scenario | Monthly payment | Total interest | Total of payments |
|---|---|---|---|
| $90k · 8.0% · 20-year | $752.80 | $90,671.05 | $180,671.05 |
| $50k · 9.5% · 15-year | $522.11 | $43,980.22 | $93,980.22 |
| $140k · 7.0% · 25-year | $989.49 | $156,847.26 | $296,847.26 |
| $35k · 11.0% · 10-year | $482.13 | $22,855.00 | $57,855.00 |
How This Calculator Works
Enter the loan amount — the home price after your down payment — the APR, and the term. The calculator applies the fixed-rate amortization formula to produce one constant monthly payment and a year-by-year breakdown of how the balance falls.
The Formula
Fixed-Rate Amortization
P = loan amount, r = monthly rate (APR ÷ 12), n = number of monthly payments
Worked Example
A $90,000 manufactured-home loan at 8% APR over 20 years gives a monthly payment of about $753. Across the loan you repay roughly $180,670, so interest adds close to $90,670 to the amount borrowed.
Key Insight
Financing a manufactured home is cheaper when the loan is secured by the home and the land together as real property. A home-only loan, treated as personal property, typically carries a higher rate and a shorter term.
Frequently Asked Questions
How is a mobile home loan different from a mortgage?
When the home and land are financed together as real property, the loan resembles a mortgage. A home-only loan is treated as personal property, usually at a higher rate.
Does owning the land change the loan?
Yes. Financing the home with the land it sits on generally unlocks lower rates and longer terms than financing the home alone.
What term can a manufactured-home loan have?
Terms vary widely — often 15 to 30 years for real-property loans, and shorter for home-only loans. A shorter term raises the payment but cuts total interest.
What should I enter as the loan amount?
Enter the purchase price after your down payment and any trade-in. Delivery and setup costs may be included if the lender finances them.
Do manufactured homes hold their value?
It depends. Homes on owned land can appreciate like site-built houses; home-only units on rented lots more often depreciate, which affects financing terms.
Related Calculators
Data Sources & Benchmarks
This calculator draws on 3 independent, dated sources. The starting values for interest rate are taken from the benchmarks below and refresh whenever the snapshots are updated.
Methodology & Review
Payments use the standard fixed-rate amortization formula. The calculator assumes a fixed APR on the amount financed; manufactured-home loans vary by whether the land is included.
Written by Ugo Candido · Last updated May 17, 2026.