USDA Loan Calculator

Verify your USDA loan homebuying eligibility here.

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Property Tax rate: 0 Homeowner's Insurance rate: 0

USDA Calculations ~ rd.usda.gov
Estimated tax rates for demonstration purposes only ~ tax-rates.org

Your Monthly USDA Payment Get a More Accurate Estimate
Principal & Interest
Monthly Escrow Escrow is a portion of your monthly payment that goes into an account with your mortgage holder that is used to pay your property taxes and annual homeowner's insurance.

USDA loans require escrow to be included in your mortgage payment.
USDA Mortgage Payment = USDA

USDA Loan Breakdown

Purchase Price
Minimum Down Payment 0%
USDA Base Loan Amount
USDA Guarantee
Income Guide
31% Housing Ratio:
43% Debt/Income Ratio:

*Annual income needed to achieve respective ratios based on the payment you've calculated. Be sure to include tax and insurance in your calculations for best results.

Rural home at sunset

USDA Loan Calculator

Our commitment to accuracy begins with calculating your USDA loan payment to the specifications demanded by the rural development guarantee program. We properly account for the upfront guarantee and annual mortgage insurance premium (paid monthly as part of your payment). You can trust our calculator to compute an accurate USDA mortgage payment by accounting for the USDA guarantee fee, monthly USDA mortgage insurance, property taxes, and homeowner's insurance.

Tips for using our USDA loan calculator

What is a USDA loan?

It’s a great question. The last thing most people consider when they hear USDA is a no down payment home loan option. I personally think of steak - USDA Prime, USDA Choice, etc. Thankfully, the diversity of the U.S. Department of Agriculture gives us both.

Now, USDA loans aren’t for everybody. There is little reason to get all excited and gung-ho over a home loan for which you may not even be eligible. However, if you meet their requirements, excitement is warranted. USDA loans require no down payment, typically carry very competitive interest rates, have lower upfront and annual mortgage insurance premiums than FHA loans, and we’ll say it again - no down payment.

NOTE: If you or your spouse are eligible for veteran's benefits, VA loans also don't require a down payment and might be a better choice. Try our VA loan calculator to compare payments.

Also, if you've found your dream home but it falls outside an eligible area or your income is above allowable USDA limits, although your payment may be higher, an FHA loan might save the day.

Most homebuyers think that buying a home without a down payment died a decade ago along with stated income, stated asset loans when the housing market collapsed. However, experienced lenders have been wielding USDA guaranteed loans as an alternative to conventional and FHA financing when the opportunity presents itself long before then.

USDA loans are no down payment home loans guaranteed by the U.S. Department of Agriculture (USDA). For home buyers in eligible areas who meet the income requirements, a they are a wonderful option.

Am I Eligible for a USDA Loan?

The key to USDA is eligibility. And let's get right to it. You're not buying a home in downtown Los Angeles with a USDA loan, so if you are buying in a huge metro area, stop reading.

The home you buy must be in an eligible area. Additionally, there are income caps that limit eligibility. You can find both eligible areas and income limits on the USDA website.

How do I obtain a USDA loan?

The process for obtaining USDA financing is similar to any other mortgage. Like FHA and VA, lenders must be approved by USDA in order to offer them. You apply for one just like any other mortgage loan. In fact, a good mortgage originator will walk you through your options and ensure that a USDA loan is indeed the best option. In many cases it will be. It some cases it won't. As always, speaking to a lending professional is critical. Additionally, working with a real estate expert to ensure you are looking in an eligible area is also advised.