USDA Loan Calculator
USDA loans offer 0% down for buyers in eligible rural and many suburban areas who meet income limits. In place of PMI, they charge an upfront and annual guarantee fee. They're a strong option for affordable homeownership outside major metros.
- Down payment
- $0 for eligible areas/income
- Guarantee fee
- ~1% upfront + ~0.35% annual
- Best for
- Rural/suburban buyers under income limits
Payment breakdown
- Principal & interest$1,900.25
- Property tax$265.83
- Home insurance$84.58
- PMI$265.83
Balance over time
| Year | Principal paid | Interest paid | Ending balance |
|---|---|---|---|
| 1 | $3,032 | $19,771 | $286,968 |
| 2 | $3,246 | $19,557 | $283,722 |
| 3 | $3,476 | $19,327 | $280,246 |
| 4 | $3,722 | $19,081 | $276,524 |
| 5 | $3,985 | $18,818 | $272,540 |
| 6 | $4,266 | $18,537 | $268,273 |
| 7 | $4,568 | $18,235 | $263,705 |
| 8 | $4,891 | $17,912 | $258,814 |
| 9 | $5,237 | $17,566 | $253,578 |
| 10 | $5,607 | $17,196 | $247,971 |
| 11 | $6,003 | $16,800 | $241,968 |
| 12 | $6,428 | $16,375 | $235,540 |
| 13 | $6,882 | $15,921 | $228,659 |
| 14 | $7,368 | $15,435 | $221,290 |
| 15 | $7,889 | $14,914 | $213,401 |
| 16 | $8,447 | $14,356 | $204,954 |
| 17 | $9,044 | $13,759 | $195,910 |
| 18 | $9,683 | $13,120 | $186,226 |
| 19 | $10,368 | $12,435 | $175,858 |
| 20 | $11,101 | $11,702 | $164,758 |
| 21 | $11,886 | $10,917 | $152,872 |
| 22 | $12,726 | $10,077 | $140,146 |
| 23 | $13,626 | $9,178 | $126,521 |
| 24 | $14,589 | $8,214 | $111,932 |
| 25 | $15,620 | $7,183 | $96,312 |
| 26 | $16,724 | $6,079 | $79,587 |
| 27 | $17,907 | $4,897 | $61,681 |
| 28 | $19,172 | $3,631 | $42,509 |
| 29 | $20,528 | $2,275 | $21,981 |
| 30 | $21,981 | $824 | $0 |
Frequently asked questions
Who qualifies for a USDA loan?
USDA loans require the home to be in an eligible rural or suburban area and your household income to fall under the area limit (typically up to 115% of the area median). Many more areas qualify than people expect — check the USDA eligibility map.
What fees do USDA loans charge instead of PMI?
USDA loans charge a guarantee fee: about 1% upfront (financeable) plus a small annual fee around 0.35% of the balance, paid monthly. It's generally cheaper than FHA mortgage insurance.
Sources: U.S. Department of Housing and Urban Development (FHA); U.S. Department of Veterans Affairs (VA loans); Consumer Financial Protection Bureau.
Estimates for educational purposes only — not a loan offer, financial advice, or a commitment to lend. Actual rates, payments, and terms vary by lender and creditworthiness.