USDA Loan Calculator
USDA loans offer 0% down for eligible rural and suburban homebuyers.
USDA upfront guarantee fee: 1%. Annual fee: 0.35%. Eligible for homes in qualified rural/suburban areas with income limits.
Total Monthly Payment
$1,587.51
P&I + Annual Guarantee Fee
USDA Loan Breakdown
💡 Plain English: With a USDA loan, you buy with zero down on a $250,000 home in a qualifying rural area. The 1% upfront fee ($2,500) is added to your loan, and you pay a small 0.35% annual fee (about $73.65/mo). Your total payment is $1,587.51/mo. Income limits apply — check USDA eligibility for your area.
About the USDA Loan Calculator
USDA loans help low- to moderate-income buyers purchase homes in eligible rural and suburban areas. They offer zero down payment but require an upfront and annual guarantee fee, similar to FHA’s mortgage insurance.
How this calculator works
Enter your home price, interest rate, and term. The calculator includes the upfront guarantee fee (financed into the loan) and the annual fee (paid monthly) to estimate your full payment.
The math, in plain English
USDA payment = principal + interest + (annual guarantee fee ÷ 12). The upfront guarantee fee (currently 1% of the loan) is added to the loan amount; the annual fee is a percentage of the loan balance.
Key terms
- •USDA loan — a zero-down loan for eligible rural and suburban properties
- •Guarantee fee — USDA’s upfront and annual fees that fund the program
- •Eligible area — USDA loans are limited to designated rural and some suburban regions
Tips & things to know
- ✓Check the USDA eligibility map to confirm the property is in a qualifying area.
- ✓USDA loans have income limits — your household income must be below the area threshold.
- ✓The annual guarantee fee decreases as your loan balance declines.
Frequently asked questions
Can I use a USDA loan anywhere?+
No — the home must be in a USDA-eligible rural or suburban area, and your household income must meet program limits.
Does USDA require a down payment?+
No. Qualifying borrowers can finance 100% of the home price with no down payment.
This calculator is for educational purposes only and uses estimates. Always consult a licensed mortgage professional for advice specific to your situation.