Calculator

USDA Loan Calculator

Estimate a USDA guaranteed loan payment with the 1% upfront guarantee fee and 0.35% annual fee, no down payment, and a 30-year fixed rate.

USDA Loan Calculator

$
$
%

Not required

Loan term

30-year fixed

%
$250/mo
%/yr
$/yr
$/mo
Checks the income limit
$/yr
Upfront guarantee fee
$3,0001%
Annual fee
$88/mo0.35%/yr
Total loan amount
$303,000fee financed
Principal and interest: $1,915Property tax: $250Homeowners insurance: $150USDA annual fee: $88
Your estimated monthly payment$2,404

Payment breakdown

  • Principal and interest$1,915
  • Property tax$250
  • Homeowners insurance$150
  • USDA annual fee$88
  • HOA and other$0
  • Total per month$2,404
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Estimates for planning only, not a loan offer or financial advice. Program rules checked October 22, 2026; property tax defaults from Census 2024 data. Your lender's Loan Estimate has your actual numbers.

How this calculator works

  • Down payment: none required for eligible buyers and homes.
  • Upfront guarantee fee: 1% of the loan, usually added to the loan amount.
  • Annual fee: 0.35% of the loan a year, paid monthly, for the life of the loan.
  • Term: USDA guaranteed loans are 30-year fixed-rate mortgages, so there's no term to choose.

Property tax, homeowners insurance and HOA dues are added the same way as in the mortgage payment calculator.

Who qualifies

The home has to be in an eligible area (many small towns and suburbs qualify, not just farmland), it has to be your primary residence, and household income can be no more than 115% of the area median. USDA counts the income of everyone in the household, not just the borrowers. Check a specific address and your income on USDA's eligibility site before you shop.

Frequently asked questions

Does a USDA loan require a down payment?+
No. Eligible buyers can finance 100% of the price. The 1% upfront guarantee fee is usually added to the loan.
What is the USDA annual fee?+
0.35% of the loan a year, paid monthly with your mortgage payment, for the life of the loan. It works like mortgage insurance.
What is the USDA income limit?+
Household income up to 115% of the area median, adjusted for household size. Check your county's limit on USDA's eligibility site.
Can I use down payment assistance with a USDA loan?+
Often, yes, for closing costs or reserves. Each assistance program lists the first mortgages it allows.

Sources

Last verified October 22, 2026.