What will my mobile home loan cost?
Type the price of the mobile home, your down payment, the APR and the number of months. The mobile home loan calculator shows the monthly payment, the total interest, the payoff month and every payment. Add sales tax, setup and delivery fees or an extra monthly amount if you have them.
- Your monthly payment
- $702.94
Borrowing $81,000.00 at 8.5% APR over 240 months costs $702.94 a month, with $87,704.84 of interest in total.
- Number of payments
- 240
- Paid off in
- October 2046
- You pay each month
- $702.94
- Payments last
- 240 months
- Loan
- $81,000.00
- Interest
- $87,704.84
- Total you’ll repay
- $168,704.84
- Paid up frontCash down, plus tax and fees not in the loan
- $9,000.00
- What the mobile home really costsPrice, tax, fees and interest
- $177,704.84
- Months
- 240
Answer for the example date Monday, October 5, 2026. It changes to today's date when the page loads.
Your monthly payment: $702.94. Borrowing $81,000.00 at 8.5% APR over 240 months costs $702.94 a month, with $87,704.84 of interest in total.
How much of what you repay is interest?
Where does each payment go?
What does every payment look like?
The results are estimates for information only. They are not financial, tax, or legal advice. Check the numbers with your lender or a qualified professional before you decide. Terms of use
How to calculate
Computes the monthly payment, total interest, payoff date, and full payment schedule of a fixed-rate loan for the mobile home.
Example with the default inputs (Price of the mobile home $90,000.00, Cash down $9,000.00, Trade-in value $0.00, Interest rate (APR) 8.5%, Loan start date October 5, 2026, Length of loan (months) 240, Sales tax rate 0%, Fees, setup and delivery $0.00, Roll tax and fees into the loan Yes, Extra each month $0.00) on the example date Monday, October 5, 2026: Borrowing $81,000.00 at 8.5% APR over 240 months costs $702.94 a month, with $87,704.84 of interest in total.
Method: payment = L × r ÷ (1 − (1 + r)^−n), with L the amount borrowed, r the APR ÷ 12, and n the number of months; each month, interest = balance × r and the rest of the payment lowers the balance.
- The rate is fixed for the whole loan and interest is charged monthly at APR ÷ 12.
- Payments are made at the end of each month, starting one month after the start date.
- Sales tax is charged on the price minus the trade-in value, as most US states do.
- Extra payments go straight to the balance; the last payment is whatever is left.
- Values are not rounded to the cent between months; only the display is rounded.
Worked examples
Each example is checked against the calculator on every build.
- Price of the mobile home $90,000.00, Cash down $9,000.00, Trade-in value $0.00, Interest rate (APR) 8.5%, Length of loan (months) 240, Loan start date 2026-10-01 gives Loan $81,000.00, Your monthly payment $702.94, Interest $87,704.84, Paid off in 2046-10-01.Source: Consumer Financial Protection Bureau, What is amortization and how could it affect my auto loan? https://www.consumerfinance.gov/ask-cfpb/what-is-amortization-and-how-could-it-affect-my-auto-loan-en-771/ (retrieved 2026-10-05)
- Price of the mobile home $120,000.00, Cash down $6,000.00, Trade-in value $0.00, Interest rate (APR) 9.25%, Length of loan (months) 300, Loan start date 2026-10-01 gives Loan $114,000.00, Your monthly payment $976.28, Interest $178,882.59.Source: Consumer Financial Protection Bureau, Manufactured Housing Finance: New Insights from the Home Mortgage Disclosure Act (chattel loans are secured by the home only; mortgage loans by the home and land), https://www.consumerfinance.gov/data-research/research-reports/manufactured-housing-finance-new-insights-hmda/ (retrieved 2026-10-05)
- Price of the mobile home $60,000.00, Cash down $0.00, Trade-in value $0.00, Interest rate (APR) 0%, Length of loan (months) 120, Loan start date 2026-10-01 gives Your monthly payment $500.00, Interest $0.00, Total you’ll repay $60,000.00.Source: Consumer Financial Protection Bureau, What is amortization and how could it affect my auto loan? https://www.consumerfinance.gov/ask-cfpb/what-is-amortization-and-how-could-it-affect-my-auto-loan-en-771/ (retrieved 2026-10-05)
How it works
- Taxed price = price − trade-in (never below 0). Sales tax = taxed price × tax rate.
- Amount borrowed L = price − down payment − trade-in, plus the sales tax and fees when they are rolled into the loan (the default). It is never below 0.
- Monthly rate r = APR ÷ 12 ÷ 100. Monthly payment = L × r ÷ (1 − (1 + r)^−n) for n months; at 0% it is L ÷ n.
- Each month, interest = balance × r and the rest of the payment lowers the balance. The last payment is whatever is left. Nothing is rounded between months.
- An extra monthly amount goes straight to the balance; the interest saved is the interest without the extra minus the interest with it.
- Paid up front = down payment, plus tax and fees when they are not rolled in. What the mobile home really costs = price + tax + fees + all the interest.
Rules
- Price, down payment and trade-in from $0 to $100,000,000; APR from 0% to 50%; 1 to 360 months; sales tax 0% to 25%; fees up to $1,000,000.
- The first payment is one month after the start date. Lot rent, property tax and insurance are not included.
Worked examples by hand
The default: $90,000 home, $9,000 down, 8.5% APR, 240 months. L = $81,000. r = 0.085 ÷ 12. Payment = 81,000 × r ÷ (1 − (1 + r)^−240) = $702.94. Interest = $87,704.84.
A chattel loan: $120,000 home, $6,000 down, 9.25% over 300 months. L = $114,000. Payment = $976.28; interest $178,882.59.
$60,000 at 0% over 120 months. Payment = 60,000 ÷ 120 = $500; no interest.
Other questions people ask
How is a mobile home loan payment worked out?
It is a level monthly payment: payment = L × r ÷ (1 − (1 + r)^−n), where L is the amount borrowed, r is the APR ÷ 12 and n is the number of months. $81,000 at 8.5% over 20 years is $702.94 a month.
What is a chattel loan?
A loan secured by the manufactured home only, not the land under it. The CFPB reports that chattel loans often cost more than mortgages and carry fewer consumer protections. A loan on the home and the land together is a mortgage.
Why are mobile home loan rates often higher?
The CFPB found chattel loan rates can be 0.5 to 5 percentage points above loans on real property. Compare offers and type the APR you are quoted; the calculator uses no live rates.
How long can a mobile home loan be?
Terms vary by lender and loan type, often 15 to 25 years for a home-only loan and up to 30 years for a home and land mortgage. The calculator takes 1 to 360 months.
Do setup and delivery count in the loan?
Add them as fees. With "Roll tax and fees into the loan" on they are borrowed; with it off they are paid up front.
Does the calculator include lot rent, taxes or insurance?
No. It shows the loan payment only. Add lot rent, property tax and insurance to find your full monthly housing cost.