Tiny House Vs. Mortgage

The affordable nature of tiny housing has gotten me curious lately on the tradeoff and cost between simply building or purchasing a tiny house vs. taking a mortgage out on a standard 2,000 sq. ft. home. After doing a little research, I was able to find the table below on investopedia.com that detailed the total principle and interest you would be paying over the life of a loan for a tiny house vs. a standard $250,000 home. The results were quite staggering, and they serve as a testament to just how affordable and practical that these homes can be. As our world evolves and the cost of living rises, I would expect people to begin to take advantage of these incredibly cheap investments. A tiny house builder could save themselves a total of $354,482 over the course of a 20-30 year span. This is housing option is worth giving a second look.

 

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