Skip to Content

USDA Loan Calculator


Calculate your monthly USDA mortgage payment, including a breakdown of estimated fees, taxes, and insurance costs.

Estimate your USDA loan payment:

Ready to see a more personalized quote?

See What You Qualify For »

Your Estimated
Monthly Payment:

Monthly Breakdown:

  • Principal & Interest
  • Taxes
  • Insurance
  • USDA Annual FeeWhat's this?

    The USDA annual fee is charged by the USDA to help fund the program. Currently 0.35% of your total loan amount, the fee is re-calculated annually and included in your monthly payment for the life of the loan.

Loan Totals:

  • Purchase Price
  • Down Payment
  • USDA Guarantee Fee What's this?

    The USDA upfront guarantee fee is charged by the USDA in order to fund the home loan program. This fee is 1% of the total loan amount and is either paid at closing or financed into the loan.

  • Total Loan Amount
gray double down arrows

About the USDA Mortgage Calculator

Our USDA loan calculator helps you estimate your monthly mortgage payments, including taxes and insurance, to give you a better idea of what to expect when financing your home purchase using the USDA loan program.

USDA loans differ from other mortgage options, so this calculator is designed to account for the unique benefits and costs of using a USDA home loan. For example, USDA loans do not require a down payment or private mortgage insurance (PMI). Instead, there USDA loans have an upfront guarantee fee and annual fee, which you can see included in your calculation breakdown.

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. Typically, USDA loan terms are set for a period of 15 or 30 years.
Property Tax Property taxes are generally estimated to be 1.2% of the home's value but will vary depending on your location.
Home Insurance Annual homeowner's insurance is typically 0.35% of the home's value. Homeowner's insurance is usually included in your monthly mortgage payment for USDA loans. Still, you pick your insurance provider and can change insurers at any point in the future.

USDA Loan Payment Breakdown

Our USDA loan calculator gives you the total estimated monthly payment and a monthly breakdown showing how your payment is calculated. You will see the following:

  • Principal & Interest
  • Taxes
  • Insurance
  • USDA Annual Fee

These calculations are based on your specific inputs, as described above. Principal & Interest accounts for most of your monthly USDA loan payment. Principal represents the money you've borrowed to purchase your home and builds up in the form of equity as each monthly payment is made.

How the USDA Annual Fee is Calculated

The U.S. Department of Agriculture charges a fee to help fund the USDA loan program. Currently 0.35% of your total loan amount, the fee is re-calculated annually and included in your monthly payment for the life of the loan.

USDA loans don't require Private Mortgage Insurance (PMI) even if you don't have a down payment, because the annual fee allows the USDA to insure your mortgage.

Calculated Loans Totals

Our mortgage calculator shows a breakdown of your USDA loan total including purchase price, down payment (if you choose to put money down) and the USDA Guarantee Fee.

How the USDA Guarantee Fee is Calculated

The USDA upfront guarantee fee is calculated as 1% of your total loan amount. Our mortgage calculator assumes you are rolling this fee into your final loan amount, but you have the option to pay the fee upfront at closing. Paying the USDA guarantee fee upfront will save money since rolling the fee into your loan increases the amount you're borrowing to purchase your home.

Like the USDA annual fee, the USDA guarantee fee goes to the U.S. Department of Agriculture to help fund the USDA loan program.

Origination Cost Assumptions

This USDA loan calculator assumes a lender origination fee equal to 1% of the total loan amount and is accounted for in the estimated APR for educational purposes only. Origination fees vary, so it's best to speak with a Neighbors Bank home loan specialist to better estimate the costs and fees associated with your home loan.

USDA loans are a great option for rural buyers.

Speak with a Neighbors Bank home loan specialist today to see if you're eligible.

Reach out today for guidance.
Check Your 0% Down Loan Eligibility
1,136 families started their quote today.