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USDA Loan

Looking to buy a home in a rural or suburban area with no down payment? The USDA Loan Calculator helps you estimate your monthly mortgage payments on a USDA-backed loan—factoring in guaranteed fees, property taxes, and homeowners insurance for a complete financial picture.



USDA Loan Calculator

Estimated Monthly Payment

$0

(Includes mortgage insurance & taxes)

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What is USDA Loan Calculator

The USDA Loan Calculator is a specialized mortgage tool designed for homebuyers eligible for loans backed by the United States Department of Agriculture. USDA loans are part of a rural development program aimed at helping low-to-moderate-income buyers purchase homes in qualifying areas with zero down payment and affordable interest rates.

This calculator is ideal for first-time buyers or anyone planning to purchase a home in a USDA-eligible location. It accounts for the unique aspects of USDA financing—such as the upfront guarantee fee and annual fee—which are required in place of mortgage insurance. With this tool, borrowers can understand their full monthly payment before applying, making it easier to compare options and plan their budget accurately.




How it works

USDA Loan Calculator

To use the calculator, input your home price, loan term, expected interest rate, estimated property taxes, and insurance costs. You’ll also enter your down payment amount (if any), although USDA loans typically require none. The calculator automatically includes the USDA upfront guarantee fee—usually 1% of the loan amount—and the annual fee—usually 0.35% of the outstanding balance, paid monthly.

For example, if you’re buying a ₹40,00,000 home with a USDA loan, the calculator will add ₹40,000 as the one-time upfront fee and include the monthly share of the annual fee in your payment. This gives you an all-inclusive estimate of what your monthly housing cost will be—covering principal, interest, taxes, insurance (PITI), and USDA-specific charges. It’s a smart tool for rural homebuyers who want to avoid financial surprises and stay within budget.



Frequently Asked Questions

Do USDA loans really require no down payment Toggle
Yes. USDA loans offer 100% financing, meaning you can buy a home with zero down—if you meet income and location eligibility requirements
What is the USDA guarantee fee Toggle
The USDA requires a 1% upfront guarantee fee and a 0.35% annual fee. These replace mortgage insurance and are added to your monthly payment.
Can I use the USDA Loan Calculator for refinance estimates Toggle
Yes. If you’re refinancing a USDA loan, you can use the calculator to estimate your new payment, including updated fees and balance..
Does this tool work for all U.S. properties Toggle
No. USDA loans are only available for homes in USDA-eligible rural and suburban areas. Use a property eligibility map to confirm your location.
What’s the income limit for USDA loan eligibility Toggle
Income limits vary by location and household size. Typically, your household income must not exceed 115% of the area median income (AMI).