USDA Loan Calculator
Calculate your USDA loan payments, eligibility, and total costs. Estimate monthly payments, upfront fees, and annual premiums for USDA-backed home loans in rural areas.
Step 1: Loan Details
USDA Loan Basics
USDA loans are government-backed mortgages for rural and suburban homebuyers. They require no down payment and offer competitive interest rates, but have income limits and geographic restrictions.
Step 2: Fees & Insurance
About USDA Fees
The upfront guarantee fee (typically 1%) is usually financed into the loan. The annual premium (typically 0.35%) is paid monthly. Both fees help fund the USDA loan program and make no-down-payment loans possible.
USDA Loan Payment Results
Estimated Monthly Payment
Loan Type Comparison
| Loan Type | Down Payment | Interest Rate | Monthly Payment | Total Cost |
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Loan Amortization Overview
USDA Loan Payment Formula
Payment = P × [r(1+r)^n] / [(1+r)^n – 1] + Monthly Fees + Taxes + Insurance
P = Loan amount after upfront fee, r = Monthly interest rate, n = Total number of payments. USDA loans include monthly guarantee premiums (typically 0.35% annually) that are added to your payment.
Need USDA Loan Assistance?
Connect with our certified USDA loan specialists for eligibility assessment, application guidance, and personalized advice for your rural home purchase needs.
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