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Free USDA Loan Calculator

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USDA loans are built for 0% down. A down payment is allowed and reduces both fees, which are calculated on the loan amount.

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USDA guarantee fees

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1% of the loan amount, charged once and almost always financed into the loan, as modeled here.

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0.35% of the loan amount per year, paid monthly (1/12 each month) for the life of the loan. Charged here on the original base loan amount, the standard calculator simplification.

Taxes & costs (escrow estimates)

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More options — extra payments
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Runs entirely in your browser — your numbers are never sent anywhere.

Monthly payment (principal & interest)
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Detail

Amortization schedule

A USDA calculator with both guarantee fees in their proper places

The USDA Rural Development loan is the other true 0%-down mortgage, and its fee structure is the mirror image of FHA's: a smaller upfront charge — a 1% guarantee fee, financed into the loan — and a smaller annual fee of 0.35%, paid monthly at 1/12 per month. The catch is duration: unlike FHA's MIP, the USDA annual fee never drops off, at any equity level, for as long as the loan lives. Whether USDA beats FHA for a given buyer is mostly a race between USDA's lower rates and its forever fee — this calculator makes that race visible, with taxes, insurance and a full amortization schedule alongside.

Loan = (price − down payment) × (1 + 1% guarantee fee)  ·  Monthly annual fee = base loan × 0.35% ÷ 12

Principal & interest uses the standard mortgage formula on the financed amount. The annual fee is charged on the original base loan amount — the usual calculator simplification, stated openly; USDA's own calculation uses the scheduled average balance, so real statements differ by small amounts.

Worked example

A $250,000 home with 0% down: the guarantee fee is $2,500, financed into a $252,500 loan. At 6.5% for 30 years, principal & interest is about $1,596 a month, plus a $72.92 monthly annual fee — modest every month, but it is still there in year 29.

How to use this calculator

  1. Enter the home price; leave the down payment at 0% unless you plan to bring cash.
  2. Confirm the two fee fields against your lender's quote — 1% upfront and 0.35% annual are the current standard rates.
  3. Add taxes and insurance to see the full escrowed monthly cost.
  4. Compare against the FHA calculator in Related Tools: USDA's fees are lower per year, but FHA's MIP can end (at 10%+ down) while USDA's fee cannot.

Eligibility, briefly — and it is not just geography

USDA loans come with two gates no payment calculator can check: the property must sit in a USDA-eligible area (broadly rural and many suburban fringe areas — the USDA maintains the official eligibility map), and the household income must fall under the program's limit for the county, generally 115% of the area median. Check both on the USDA site before falling for a house; this page estimates payments only.

Frequently asked questions

How much are the USDA loan fees?
Two of them: an upfront guarantee fee of 1% of the loan amount (usually financed into the loan — $2,500 on a $250,000 loan) and an annual fee of 0.35% of the loan amount, collected monthly at 1/12 of the yearly total. This calculator includes both and labels them separately, because they behave differently: one is a closing cost rolled into the balance, the other a permanent monthly line.
Does the USDA annual fee ever go away?
No. Unlike conventional PMI (gone at 20% equity) or FHA MIP (gone after 11 years with 10%+ down), the USDA annual fee runs for the entire life of the loan. The only exit is refinancing into a different loan type. Over 30 years on a $250,000 loan it totals $26,250 at the flat calculation used here — small monthly, material in total.
Who qualifies for a USDA loan?
Two gates: the home must be in a USDA-eligible area (the USDA publishes an address-level eligibility map; many areas people think of as suburban qualify), and household income must be at or below the county limit, generally 115% of area median income. You also need to meet a participating lender's credit standards. This calculator estimates payments only and checks neither gate.
USDA or FHA — which is cheaper?
At the same price and rate, USDA's fees are lower each year (0.35% vs FHA's 0.55% annual, 1% vs 1.75% upfront), so USDA usually wins while both loans are young. FHA can pull ahead for borrowers who put 10% or more down, because FHA MIP ends after 11 years while the USDA fee never does. Model both pages with your real down payment — the answer genuinely flips.
Can I use a USDA loan in a suburb?
Often, yes. 'Rural' in this program is broader than most buyers expect — the eligible-area map covers most land outside dense urban cores, including many suburbs and small towns. It is address-specific, so check the exact property on the USDA eligibility map rather than assuming from the town name.
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Last updated: October 2026 · Published by CalcViso, a product of AllGuard IT

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