Chattel Loan Calculator
A chattel loan finances movable personal property — like a manufactured home not attached to owned land, or equipment and machinery — rather than real estate. These loans typically carry shorter terms and higher rates than a traditional mortgage. Enter your loan amount, rate, and term to estimate your monthly payment.
Enter your numbers and select Calculate to see your estimated payment.
How this calculation works
Standard amortization formula applied to the loan amount, rate, and term entered.
Example calculation
A $60,000 chattel loan at 9% over 10 years runs about $760 per month, with roughly $31,200 in total interest.
Frequently asked questions
What counts as chattel property?
Movable personal property not permanently attached to land — common examples include manufactured homes on rented land, equipment, and machinery.
Why are chattel loan rates higher than mortgage rates?
Because the property is treated as personal property rather than real estate, lenders often view it as higher risk and price the loan accordingly.
Can I use this for equipment financing?
Yes — the calculator works for any fixed-rate chattel loan, whether it's a manufactured home, equipment, or other movable property.
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This calculator provides estimates for informational purposes only and is not a loan offer or financial advice. See our Disclaimer.