If you’re shopping for a manufactured home, determining the loan amount you’re able to handle can be quite difficult. Since purchasing a manufactured home with the help of a loan is a long-term financial commitment, assessing whether you can really afford a significant increase in your monthly debt payment could help you make an informed decision. To ensure you’re doing your calculations correctly, it’s important to know the components of a manufactured home loan as well as the elements that can affect the monthly loan payment amount. A manufactured home loan includes:
