USDA Loan Calculator

About the USDA Mortgage Calculator

Our USDA mortgage calculator helps you estimate your monthly mortgage payment, including taxes and insurance, so you can better understand what to expect when financing a home with a USDA Loan.

USDA loans differ from other mortgage options, and this calculator is designed to reflect those differences, including key benefits such as no down payment requirement and no private mortgage insurance (PMI).

The calculator also includes USDA upfront and annual guarantee fees, which apply specifically to USDA guaranteed loans. These fees are not required for USDA direct loans, which are offered directly by the U.S. Department of Agriculture rather than through approved lenders.

Learn about the difference between USDA guaranteed and USDA direct loans.

USDA Loan Monthly Payment Breakdown

Our USDA loan calculator provides the total estimated monthly payment, along with a monthly breakdown that shows how your payment is calculated. You will see the following:

• Principal & Interest: The bulk of your monthly payment. The principal is the amount borrowed, which builds equity over time as payments are made.
• Taxes: Estimated property taxes based on your home’s value.
• Insurance: Estimated annual homeowners insurance, divided monthly.
• USDA Fees: Program fees required for USDA guaranteed loans. This includes a one-time upfront guarantee fee that is typically rolled into the loan balance, as well as an ongoing annual fee based on the remaining loan balance. The annual fee is built into your monthly mortgage payment.

Interest Rate & Origination Fee Assumptions

Interest rates used in the USDA mortgage calculator are for illustrative purposes only. Your actual rate may vary based on a number of factors, including your credit profile, property eligibility, and current market conditions. To receive a personalized interest rate, start your quote online.

This USDA loan calculator assumes a lender origination fee of 1% of the total loan amount and includes it in the estimated APR calculation for educational purposes only.

Origination fees can vary, so be sure to check with your lender to confirm the specific amounts they're charging.

USDA Loan Calculator Definitions

Input	Explanation
Home Value	Home value is the total estimated purchase price of the home.
Down Payment	Down payment is the amount of money you intend to pay upfront for the home at closing. USDA loans don't require a down payment, but putting money down can reduce your starting loan amount.
Interest Rate	Interest rate is the cost of borrowing money to purchase your home with a USDA loan. APR stands for "Annual percentage rate" and is used to help estimate your interest rate, including origination fees.
Loan Term	Loan term is the length of time you want to repay the loan. USDA loan terms are set for a period of 30 years.
Property Tax	Property taxes are generally estimated to be 1.2% of the home's value, but may vary significantly depending on your location.
Home Insurance	Annual homeowner's insurance is typically 0.35% of the home's value and is included in your monthly mortgage payment for USDA loans. This cost can vary significantly by location.