Manufactured home loan calculator
Free calculator comparing a chattel loan and a mortgage for a manufactured or mobile home: see the monthly payment and total interest for the terms you enter.
Published May 31, 2026
A manufactured home can often be financed either with a chattel loan (secured by the home as personal property) or, in some situations, a mortgage (secured by real estate). This tool compares the monthly payment and total cost of the two, using the numbers you enter.
How this calculator works
It takes your home price and down payment to find the amount financed, then applies a standard amortized-payment formula to each option using the rate and term you provide. It reports the monthly payment, the total interest, and the total paid over each loan's full term. Chattel loans often carry shorter terms and higher rates than mortgages, which is why the totals can differ substantially.
What this calculator doesn't do
- It does not read or analyze any loan offer or document.
- It does not include taxes, insurance, fees, or closing costs.
- It does not tell you which loan you qualify for or which is right for you.
- It does not provide legal or financial advice or guarantee any outcome.
For your specific situation, consider consulting a qualified financial professional or a licensed attorney in your state.
Financing $72,000 after your down payment:
| Chattel loan | Mortgage | |
|---|---|---|
| Monthly payment | $671 | $479 |
| Total interest | $89,072 | $100,446 |
| Total paid (incl. down) | $169,072 | $180,446 |
Over the full terms entered, the chattel option totals $11,374 less than the mortgage option. Shorter terms and lower rates reduce total interest. This compares the numbers you entered only.
This calculator provides general information based only on the values you enter. It does not read or analyze your documents, does not account for every fact in your situation, and does not provide legal or financial advice or guarantee any outcome. For a specific situation, consider consulting a licensed attorney or qualified professional in your state.