USDA Home Loan Calculator
USDA loans support homebuyers in eligible rural and some suburban areas, often with no down payment required, but they include an upfront and annual guarantee fee in place of traditional PMI. This calculator estimates your total monthly payment including that guarantee fee, taxes, and insurance.
Enter your numbers and select Calculate to see your estimated payment.
How this calculation works
Principal and interest use standard amortization. The annual USDA guarantee fee is modeled the same way PMI is calculated elsewhere on this site — as a percentage of the loan amount, spread monthly — since actual fees are set by USDA program rules and can change.
Example calculation
A $260,000 home with 0% down at 6.5% over 30 years runs about $1,643 in principal and interest, plus estimated taxes, insurance, and the annual guarantee fee, for a total of roughly $2,050–$2,150 per month.
Frequently asked questions
Do I need a down payment for a USDA loan?
USDA loans are often available with no down payment for eligible buyers in eligible areas, though closing costs and the guarantee fee still apply. Eligibility depends on income limits and property location.
Are USDA fees the same as PMI?
Not exactly — USDA loans use an upfront and annual guarantee fee rather than PMI, but both work similarly by adding a monthly cost tied to the loan amount.
Where can I confirm current USDA rates and eligibility?
This calculator provides estimates only. For current guarantee fee rates, income limits, and property eligibility, check directly with USDA Rural Development or a USDA-approved lender.
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This calculator provides estimates for informational purposes only and is not a loan offer or financial advice. See our Disclaimer.