This infographic compares the true cost of owning a site-built home versus several factory-built home options, including land-home mortgages and chattel (home-only) loans. Using national average data, it breaks down the cost per square foot, total home price, down payment and closing costs, mortgage amount, interest rate, and estimated monthly housing costs.
The data highlights that factory-built homes cost at least 30% less than site-built homes, making them a significantly more affordable pathway to homeownership—especially for first-time buyers and households with limited upfront capital.
Key Takeaways
- Factory-built homes have a substantially lower cost per square foot than site-built homes
- Lower purchase prices and down payment requirements reduce barriers to entry
- Monthly housing costs can be hundreds of dollars less, depending on the financing type
- Financing structure (land-home mortgage vs. chattel loan) plays a major role in affordability
Understanding the full cost picture, not just the sticker price, helps buyers, counselors, and policymakers make informed decisions about housing options. This infographic is a useful visual tool for education, outreach, and advocacy around affordable homeownership and factory-built housing solutions.