What is a USDA loan and who qualifies?

A USDA loan is a mortgage for eligible buyers purchasing in approved rural or suburban areas. Qualification is based on location, income limits, and credit guidelines set by the USDA.

Are USDA loans really zero down payment?

Yes, USDA loans don’t require a down payment, making them one of the few truly zero-down mortgage options available to qualified buyers.

What are the fees associated with a USDA loan?

USDA loans charge an upfront guarantee fee (usually 1%) and an annual fee (typically 0.35%), which can be rolled into the monthly payment.

Can I use this calculator for refinancing?

You can use the calculator to estimate payments for a USDA refinance by entering your new loan details and current USDA fee rates.

Does the calculator include property taxes or insurance?

No, this calculator focuses on loan principal, interest, and USDA-specific fees. Be sure to budget for property taxes and homeowners' insurance separately.

How do I download my full amortization schedule?

After calculating, use the “Export PDF” or “Export Excel” buttons to download your complete payment schedule for all 30 years.

USDA Loan Calculator

Estimate USDA loan payments, fees, and amortization

Inputs

USDA loan details (U.S.)

Home Price ($)

Down Payment ($)

Interest Rate (APR %)

Loan Term (years, 1–50)

Upfront Guarantee Fee (%)

Annual Guarantee Fee (%)

Results

Principal, fees, and P&I

Loan Amount

$250,000

Upfront Fee

$2,500

Est. Total Annual Fees

$17,169

Monthly P&I

$1,580

Total Interest

$318,861

Total Payment

$568,861

Balance Over Time

Remaining balance by year (30 years)

Principal vs Interest by Year

All 30 years

Yearly Breakdown

First 15 years. Download full schedule for all 30 years.

Year	Principal	Interest	Balance
1	$2,794	$16,168	$247,206
2	$2,981	$15,981	$244,224
3	$3,181	$15,781	$241,043
4	$3,394	$15,568	$237,649
5	$3,621	$15,341	$234,027
6	$3,864	$15,098	$230,163
7	$4,123	$14,839	$226,041
8	$4,399	$14,563	$221,642
9	$4,694	$14,269	$216,948
10	$5,008	$13,954	$211,940
11	$5,343	$13,619	$206,597
12	$5,701	$13,261	$200,896
13	$6,083	$12,879	$194,813
14	$6,490	$12,472	$188,323
15	$6,925	$12,037	$181,398

Amortization Schedule

First 15 months. Download full schedule for all 360 months.

Month	Payment	Principal	Interest	Balance
1	$1,580	$226	$1,354	$249,774
2	$1,580	$227	$1,353	$249,547
3	$1,580	$228	$1,352	$249,318
4	$1,580	$230	$1,350	$249,089
5	$1,580	$231	$1,349	$248,858
6	$1,580	$232	$1,348	$248,625
7	$1,580	$233	$1,347	$248,392
8	$1,580	$235	$1,345	$248,157
9	$1,580	$236	$1,344	$247,921
10	$1,580	$237	$1,343	$247,684
11	$1,580	$239	$1,342	$247,446
12	$1,580	$240	$1,340	$247,206
13	$1,580	$241	$1,339	$246,965
14	$1,580	$242	$1,338	$246,722
15	$1,580	$244	$1,336	$246,478

For educational and estimation purposes only; not financial or legal advice. USDA loans are for eligible rural/suburban areas in the U.S. Eligibility and fees vary. Consult USDA and a qualified lender.

How It Works

Here’s how to use this calculator and what each part means:

Step 1: Enter Your Loan Details

Loan Amount ($): The amount you plan to borrow for your home.
Interest Rate (%): The annual interest rate for your loan.
Loan Term (years): The length of your loan, usually 30 years.
Upfront Fee (%): The one-time USDA guarantee fee, typically 1% of the loan amount.
Annual Fee (%): The annual USDA fee is commonly 0.35% of the remaining loan balance.

Step 2: Calculate

After entering your information, click “Calculate” to see your results.

Step 3: Review Your Results

Loan Amount: The amount borrowed.
Upfront Fee: A one-time charge added to your loan at closing.
Estimated Total Annual Fees: USDA-required yearly fees, spread over your payments.
Monthly P&I: Your monthly principal and interest payment.
Total Interest: How much interest you’ll pay over the life of your loan.
Total Payment: The total amount you’ll pay, including principal, interest, and fees.

Step 4: Visualize With Charts

Balance Over Time: See how your remaining loan balance drops each year.
Principal vs Interest by Year: Understand how much of your payment goes toward principal and how much to interest annually.

Step 5: Explore Detailed Schedules

Yearly Breakdown: View the first 15 years of principal, interest, and remaining balance. Download the full schedule for all 30 years.
Amortization Schedule: See how each monthly payment is divided between principal and interest for the first 15 months, with an option to download the full 360-month schedule.

Step 6: Export or Share Results

Copy: Quickly copy your results.
Export PDF/Excel: Download your full payment schedule and breakdown for your records or to share with others.

This step-by-step approach ensures you can easily understand, save, and share your USDA loan estimates.

Understanding USDA Loans

A USDA loan is a government-backed mortgage designed to help eligible homebuyers purchase a home in designated rural and suburban areas.

The program, managed by the U.S. Department of Agriculture, offers attractive benefits, including no down payment, competitive interest rates, and lower mortgage insurance costs than many conventional loans.

For many families, USDA loans make homeownership possible in areas where traditional financing might not be accessible or affordable.

However, understanding the true cost of a USDA loan, including monthly payments, required fees, and how interest adds up over time, can be challenging. That’s where a clear, easy-to-use USDA Loan Calculator becomes invaluable.

How This Calculator Helps

This USDA Loan Calculator provides a simple way for you to estimate your monthly payments, upfront fees, total interest, and the full cost of a USDA loan over its lifetime. By entering your loan amount, interest rate, loan term, and required USDA fees, you’ll see:

Your estimated monthly principal and interest (P&I) payment
The upfront USDA guarantee fee
Annual USDA fees rolled into your payment
The total interest you’ll pay
Your total payment over the entire loan period

The calculator also provides clear charts and detailed breakdowns so you can see how your balance decreases and how much of each payment goes to principal versus interest. This empowers you to make informed decisions before committing to a USDA loan.