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USDA Loan Mortgage Calculator

The USDA loan calculator helps homebuyers uncover their potential purchasing power and estimate payments with a USDA loan.

This calculator includes the unique characteristics of a USDA loan, including the USDA’s upfront and annual mortgage insurance fees, to produce a more accurate representation of your payments with a USDA loan.

To learn more about the USDA loan, see the Complete Guide to the USDA Loan Program.

Purchase price
Please enter here the amount you expect to pay for a home.
Enter a value
Down payment
Down payment is cash that you pay upfront for your home.
0.0%
Enter a value
Term in years
Number of years you have to pay.
years
Enter a value
Interest rate (per year)
The percentage of interest that you will pay on your mortgage for a specific term.
%
Enter a value
Property tax
Enter your property tax here if you know it.
per year
Enter a value
Home insurance
Most lenders require home insurance. Enter its price here.
per year
Enter a value
PMI
PMI is Private Mortgage Insurance which is usually required to pay if your Down payment less than 20%.
per month
Enter a value

Your total monthly payment

$

Principal & Interest: $
Home insurance: $
Property taxes: $ $
PMI: $
Estimated Monthly Payment
$1,311.55
See If I'm Eligible →

Your USDA Loan Totals

  • Purchase Price $200,000.00
  • USDA Guarantee Fee $2,000.00
  • Amount Financed $202,000.00

Included in the calculator is the USDA's annual mortgage insurance. The annual fee is .35%, which is $58.92 each month for your selections. The annual guarantee fee is reflected in the estimated payment above.

Property taxes are generally estimated at 1.2% of the home's value, but vary by borrower. Based on your selection of 1.2%, your estimated property taxes are $200.00. Annual homeowners insurance is estimated at 0.35% of the home's value, but varies by borrower. Your estimated homeowners insurance is $58.92 based on your selection of .35%.

Want to learn more?

A Closer Look at USDA Loan Fees

Included in the calculation is the USDA’s upfront guarantee fee and annual mortgage insurance fee.

The USDA guarantee fee is 1 percent of the purchase price less any down payment. This is a one-time fee paid to the USDA and can be rolled into the entire loan amount.

The USDA loan also has an annual mortgage insurance fee of .35% of the loan amount.

Read more about USDA loan fees here »

Estimating Homeowners Insurance

Your USDA lender will require you to obtain a homeowners insurance policy.

Homeowners insurance, generally estimated at .35% of the home’s value, is a way to protect your investment from fire, natural disasters and damage.

Read more about homeowners insurance here »

Closing Costs and USDA Loans

Not shown in the USDA loan calculator are closing costs. Closing costs are a part of any real estate transaction and vary by lender, loan type and other factors.

Closing costs generally fall into one of two categories: loan-related closing costs and non-loan related closing costs.

Read more about USDA loans and closing costs »

USDA Loan Rates

Rates shown in mortgage calculator are for illustrative purposes only. Your rate may differ based on multiple factors. Talk with a USDA loan specialist to get a more accurate estimate for your homebuying situation.

Read more about USDA loan rates »

USDA Loans and Credit

The USDA does not have a minimum credit score requirement, but most lenders do.

To use the USDA loan’s guaranteed underwriting system (GUS), borrowers must have a middle credit score of 640 or higher; however, lower scores may still be eligible.

Read more about USDA loans and credit »

Notice: all figures are estimates and do not represent a final loan amount or approval.

A Primer on USDA Loans

Like the Department of Veterans Affairs and the Federal Housing Administration, the United States Department of Agriculture (USDA) also provides a mortgage option – the USDA loan.

The USDA loan is a lesser-known mortgage program that allows eligible rural and suburban homebuyers to finance a home without a down payment.

Learn about the ins and outs of the USDA loan with our complete guide here.

Start Your USDA Loan

After estimating payments with the USDA loan calculator, take the first step towards a USDA loan and speak with a USDA-approved lender to determine if you are eligible. Your lender will assess the purchase location, your financial situation and uncover any red flags that may prevent you from obtaining a USDA-guaranteed loan.

Get started with your USDA loan here.