Factory-Built Homes Cost Comparison
INVEST IN A FACTORY-BUILT HOME TODAY
Did you know that a factory-built home costs at least 30% less than a site-built home? From sales price to mortgage payments and monthly costs, save on your forever home today.
| COSTS | SITE-BUILT HOME | FACTORY-BUILT (Land+Home Mortgage) | FACTORY-BUILT (Land+Home Chattel Loan) | HOME ONLY (Chattel Loan) |
|---|---|---|---|---|
|
Cost per sq. ft |
$136 |
$80 |
$80 |
$80 |
|
Cost of average house |
$391,500 |
$229,800 |
$229,800 |
$147,300 |
|
Down payment
and closing costs |
$21,000 |
$12,500 |
$15,800 |
$10,000 |
|
Mortgage amount |
$370,500 |
$221,300 |
$214,000 |
$137,300 |
|
Median interest rate |
4.1 |
4.9 |
N/A |
8.6 |
|
Monthly housing costs |
$2,315 |
$1,464 |
$2,129 |
$1,864 |
*These are average prices, 2020.