USDA Loan Calculator
USDA loans help buyers in eligible rural and suburban areas purchase with 0% down. This estimates the monthly payment, including the USDA guarantee fees that replace PMI.
Your details
- Principal & interest
- $1,595.97
- USDA annual fee / mo
- $73.65
- Financed loan amount
- $252,500.00
P&I vs USDA fee
- Principal & interest
- $1,595.9796%
- USDA annual fee
- $73.654%
Formula
USDA finances a 1% upfront guarantee fee into the loan (0% down), then adds a 0.35% annual fee split monthly. The payment amortizes the financed loan at your rate over the term, plus that monthly fee.
How it works
USDA loans have no down payment and lower fees than FHA, but require the home to be in an eligible area and the buyer to meet income limits. The annual fee is far cheaper than typical PMI.
Frequently asked questions
What is a USDA loan?⌄
A government-backed mortgage for low-to-moderate-income buyers in eligible rural and suburban areas, offering 0% down and reduced fees compared with other low-down-payment loans.
What fees does a USDA loan have?⌄
A 1% upfront guarantee fee (usually financed into the loan) and a 0.35% annual fee paid monthly. Together they take the place of private mortgage insurance.
Who qualifies for a USDA loan?⌄
Buyers purchasing a primary home in a USDA-eligible area who meet the program's income limits for their county and household size.
Sources & methodology
1% upfront fee financed + 0.35% annual fee (2025). Excludes property tax, insurance, and eligibility checks.
- •USDA Rural Development — USDA
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