How much should I expect to pay as a down payment
and how can I estimate my monthly payments
on a manufactured/modular home?

Usually, most lending institutions expect you to pay between 5 and 20% down of the total amount to be financed. This could include the price of the land as well as the price of landscaping, installation, setup, delivery, taxes, garages and other options.

To estimate your monthly payments, take the total amount, minus the down payment, to obtain the amount financed. Multiply that figure by 1%, (.01), to get the monthly payment which includes the payment, taxes and insurance (PTI).

 

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