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Rent AssumptionsLoan Assumptions
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Mobile Home Lot Rent
$400
Home Price with Tax
$100,000
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Lot Rent Increase
4%Down Payment$10,000
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Home Appreciation
2%Interest9%
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Apartment Rent$1,500Amortization300
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Apartment Rent Increase
4%Principal$91,900
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Loan Payment$771.22
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Buying a Manufactured HomeRentingDifference
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YearPrice/ValuePrincipalLoan PaymentLot RentTaxInsuranceMaintenanceMonthly CostEquityYearRentEquityYearBuyRentSavings
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0$100,000$90,000$771$400$83$83$83$1,421$10,0000$1,500$00$17,055$18,000$945
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1$102,000$90,198$771$416$85$85$85$1,442$11,8021$1,560$01$32,560$36,720$4,160
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2$104,040$89,085$771$433$87$87$87$1,464$14,9552$1,622$02$46,974$56,189$9,215
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3$106,121$87,868$771$450$88$88$88$1,486$18,2533$1,687$03$61,513$76,436$14,923
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4$108,243$86,536$771$468$90$90$90$1,510$21,7074$1,755$04$76,176$97,494$21,317
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5$110,408$85,079$771$487$92$92$92$1,534$25,3295$1,825$05$90,962$119,394$28,432
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6$112,616$83,486$771$506$94$94$94$1,559$29,1306$1,898$06$105,867$142,169$36,302
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7$114,869$81,743$771$526$96$96$96$1,585$33,1257$1,974$07$120,889$165,856$44,967
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8$117,166$79,837$771$547$98$98$98$1,612$37,3298$2,053$08$136,024$190,490$54,466
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9$119,509$77,752$771$569$100$100$100$1,639$41,7579$2,135$09$151,268$216,110$64,842
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10$121,899$75,471$771$592$102$102$102$1,668$46,42810$2,220$010$166,614$242,754$76,141
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11$124,337$72,977$771$616$104$104$104$1,698$51,36111$2,309$011$182,055$270,464$88,409
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12$126,824$70,248$771$640$106$106$106$1,729$56,57612$2,402$012$197,584$299,283$101,699
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13$129,361$67,264$771$666$108$108$108$1,761$62,09713$2,498$013$213,191$329,254$116,063
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14$131,948$63,999$771$693$110$110$110$1,794$67,94914$2,598$014$228,865$360,425$131,560
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15$134,587$60,428$771$720$112$112$112$1,828$74,15915$2,701$015$244,592$392,842$148,250
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16$137,279$56,523$771$749$114$114$114$1,864$80,75616$2,809$016$260,357$426,555$166,198
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17$140,024$52,250$771$779$117$117$117$1,900$87,77417$2,922$017$276,145$461,617$185,472
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18$142,825$47,578$771$810$119$119$119$1,939$95,24718$3,039$018$291,935$498,082$206,147
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19$145,681$42,466$771$843$121$121$121$1,978$103,21519$3,160$019$307,705$536,005$228,300
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20$148,595$36,876$771$876$124$124$124$2,019$111,71920$3,287$020$323,431$575,446$252,015
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21$151,567$30,761$771$912$126$126$126$2,062$120,80621$3,418$021$339,084$616,463$277,380
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22$154,598$24,072$771$948$129$129$129$2,106$130,52622$3,555$022$354,632$659,122$304,490
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23$157,690$16,756$771$986$131$131$131$2,151$140,93423$3,697$023$370,040$703,487$333,447
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24$160,844$8,753$771$1,025$134$134$134$2,199$152,09124$3,845$024$385,267$749,626$364,359
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25$164,061$0$771$1,066$137$137$137$2,248$164,06125$3,999$025$400,270$797,611$397,342
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26$167,342$0$0$1,109$139$139$139$1,527$167,34226$4,159$026$415,316$847,516$432,199
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27$170,689$0$0$1,153$142$142$142$1,580$170,68927$4,325$027$430,930$899,416$468,486
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28$174,102$0$0$1,199$145$145$145$1,635$174,10228$4,498$028$447,134$953,393$506,260
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29$177,584$0$0$1,247$148$148$148$1,691$177,58429$4,678$029$463,949$1,009,529$545,580
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30$181,136$0$0$1,297$151$151$151$1,750$181,13630$4,865030$481,399$1,067,910$586,511
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