Mobile Home Mortgage Calculator

This mobile home mortgage calculator estimates your mortgage payment for a modular, mobile, or manufactured home mortgage. Select whether this is for a purchase or refinance, then click 'Next' to continue.

Is this a purchase or refinance?  More Info
Select whether this is for a purchase or refinance transaction. If you own your home free and clear and plan to cash out equity, select 'Refinance'.

For informational purposes only. is not a mortgage lender or broker. Please get a formal quote from a qualified professional before making a financial decision. Our content may contain affiliate links through which we may receive compensation at no extra cost to you.

Welcome! You’ve found one of the best (if not the best) mobile home mortgage calculators online. Our mortgage calculator for mobile homes is super easy to use; you’ll be able to quickly and easily calculate mortgage payments for mobile and manufactured home mortgages. 

How To Use This Mobile Home Mortgage Calculator

Our calculator is quick and easy to use. Simply follow the steps below to estimate mortgage payments and lifetime interest costs for a manufactured home mortgage.

Step 1 – Select Purchase or Refinance

This manufactured home mortgage calculator handles both purchase and refinance transactions.

If you’re purchasing a home, select “Purchase”. If you already own your home and you want to refinance an existing mortgage, select “Refinance”.

If you own your home free and clear and want to “cash out” equity, also select “Refinance”.

Once you’ve made your selection, click “Next” to continue.

Step 2 – Purchase Price & Down Payment/Home Value & Loan Amount

The verbiage on page 2 of the mobile home mortgage calculator will look different depending on whether you selected “Purchase” or “Refinance” on page 1.

If you selected “Purchase” on page 1, then you’ll need to enter the purchase price of the home and the amount of your down payment on this page.

If you selected “Refinance”, then select the estimated value of your home and the amount you plan to borrow on this page.

Step 3 – Loan Term & Interest Rate

Select the loan term (30 years, 20 years, etc.) and the interest rate you’d like to use for the calculation, then click “Next” to continue.

Step 4 – Taxes & Insurance

Select the annual property taxes and homeowner’s insurance, then click “Next” to continue.

If you prefer not to include taxes and insurance in the calculation, set both to zero.

Step 5 – Confirm & Calculate

Confirm the information you submitted is correct, then click “Calculate” to continue.

Step 6 – Calculation Results

The final page of the mobile home mortgage calculator shows the calculation results.

The top section, which is labeled “Interest Rate & Term”, details the loan type, loan term (30 years, 20 years, etc.), and the interest rate you selected.

The next section, which is labeled “Loan Amount”, details the loan amount, home value, and down payment (if applicable).

The “Payment Details” section breaks down the estimated total mortgage payment, including principal and interest, property taxes, homeowner’s insurance, and mortgage insurance (if applicable).

The “Estimated Lifetime Costs” section shows the estimated total interest and mortgage insurance (if applicable) over the life of the loan.

Why are mortgage rates higher for mobile homes?

Fannie Mae adds a small LLPA “hit” for mobile or manufactured homes, but it doesn’t have much of an impact on the final rate. Mobile home mortgage rates tend to be higher mainly because mobile home loan amounts tend to be smaller than “stick built” loan amounts. Smaller loans generate less interest, so lenders often charge slightly higher interest rates for small loan amounts.

How long are most mobile home loans for?

Conventional, FHA, and VA financing is available for mobile and manufactured homes. Loan terms can be as long as 30 years.

How do you calculate total interest paid on a mortgage?

An easy way to calculate the total interest paid over the life of a mortgage is to first multiply the principal and interest payment by the total number of payments on the loan, then subtract the original loan amount. The other easy way to calculate the interest is to simply use a mortgage calculator like we have on this webpage.