Figures are based on recent quotes obtained from a major manufacturer with multi-state Factory-Direct dealerships and approved financing from a major industry Lender
CASE STUDY: Sheila C-----, Davenport FL
FROM THIS: PAYMENT: $1,484 / Mth… For a Mobile home
APPRAISAL: $220,000
EQUITY: (-67,000)
TO THIS: PAYMENT: $1,352 / Mth… For a 300 Sq Ft larger Site Built home!
APPRAISAL: $350,000
EQUITY: $63,000 ($130,000 more than the Mobile home!)
Land address: —----------- Davenport, FL 33837
Cash down: 10k + property equity
QUOTE FOR MOBILE HOME FROM XXXXX HOMES AND XXX (Finance Company):
Paid $112K for 1.75 Ac in June 2021. Was getting a new 1500 Ft XXXX Mobile home (went up to $116K from 88 K since June 2021 to Jan 2022) “ALL IN COST $152,000” plus $23,000 Lender fees for a loan of $175K @ 5.5% 23 years with XXXX Lender.
PYMT = $1,118/Mth + 250/Mth Taxes + 116/Mth Insurance = $1,484/Mth. HAVE another $5K cash down, CAN BORROW $20K total (just paid cash for land!) FICO 738 him 760 her.
Dealer told them that home would take ANOTHER 8 MONTHS (they have already been waiting for 7) and they couldn't guarantee the price.
Property has Well Septic Electric. Currently living there with an RV. It is a MHP where everyone owns their lot.. some site built homes already around there
QUOTE FOR SITE BUILT CAT 5 HOME FROM HOME NATION AND NOVUS MORTGAGE:
Paid $112K for 1.75 Ac in June 2021.
Home Nation price for a 1792 Ft Site Built CAT 5 home: $190,000 all in with hook ups etc. Lender Fees = $19,000. Loan 3.75% @ 360 Months
PYMT = $967/Mth + 300/Mth Taxes + 85/Mth Insurance = $1,352/Mth
Note: These numbers do not include the real savings on utilities because of the superior insulating properties of the CAT 5 Home.
Home Nation contractors can start the project within 90 Days. Prices are guaranteed.
Now let's be honest folks. There is simply no comparison between a mobile home and a site-built home, especially a CAT 5 Home! They don’t even really deserve to be on the same page….
But here we have it. A Site-Built home that costs less than a Mobile home.
