USDA Loan
USDA Loan Calculator
USDA Rural Development loans help eligible buyers purchase in qualifying rural and suburban areas with no down payment. The 1% upfront guarantee fee is financed, and a low annual fee keeps payments affordable.
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For your reference. Eligibility requires area and household-size limits and is not checked here.
Estimated first-year monthly payment
$2,361.63
$1,915.36 P&I + $87.94 annual fee
Base loan amount
$300,000.00
0.000% down
Upfront guarantee fee (1%)
$3,030.30
Financed into loan
Total loan amount
$303,030.30
Annual fee (0.35%)
$87.94
Per month
Yearly Amortization Preview
| Year | Interest | Principal | Balance |
|---|---|---|---|
| 1 | $19,597.24 | $3,387.05 | $299,643.26 |
| 2 | $19,370.41 | $3,613.88 | $296,029.37 |
| 3 | $19,128.38 | $3,855.91 | $292,173.46 |
| 4 | $18,870.14 | $4,114.15 | $288,059.31 |
| 5 | $18,594.61 | $4,389.68 | $283,669.63 |
| 6 | $18,300.62 | $4,683.67 | $278,985.96 |
| 7 | $17,986.95 | $4,997.34 | $273,988.62 |
| 8 | $17,652.27 | $5,332.02 | $268,656.60 |
| 9 | $17,295.17 | $5,689.12 | $262,967.48 |
| 10 | $16,914.16 | $6,070.13 | $256,897.35 |
| 11 | $16,507.64 | $6,476.66 | $250,420.70 |
| 12 | $16,073.88 | $6,910.41 | $243,510.29 |
| 13 | $15,611.08 | $7,373.21 | $236,137.07 |
| 14 | $15,117.28 | $7,867.01 | $228,270.06 |
| 15 | $14,590.41 | $8,393.88 | $219,876.19 |
| 16 | $14,028.26 | $8,956.03 | $210,920.15 |
| 17 | $13,428.46 | $9,555.83 | $201,364.32 |
| 18 | $12,788.49 | $10,195.81 | $191,168.51 |
| 19 | $12,105.65 | $10,878.64 | $180,289.88 |
| 20 | $11,377.09 | $11,607.20 | $168,682.67 |
| 21 | $10,599.74 | $12,384.56 | $156,298.12 |
| 22 | $9,770.32 | $13,213.97 | $143,084.14 |
| 23 | $8,885.35 | $14,098.94 | $128,985.21 |
| 24 | $7,941.12 | $15,043.17 | $113,942.04 |
| 25 | $6,933.65 | $16,050.64 | $97,891.40 |
| 26 | $5,858.71 | $17,125.58 | $80,765.82 |
| 27 | $4,711.78 | $18,272.51 | $62,493.31 |
| 28 | $3,488.04 | $19,496.25 | $42,997.06 |
| 29 | $2,182.34 | $20,801.96 | $22,195.10 |
| 30 | $789.19 | $22,195.10 | $0.00 |
How this is calculated
- USDA upfront guarantee fee is 1% of the loan amount and is financed into the loan.
- The annual fee is 0.350% of the average scheduled unpaid balance. This shows the first-year monthly estimate; the fee is recalculated annually.
- USDA loans allow $0 down, but the home must be in an eligible rural/suburban area.
- Household income must be within USDA limits for the area and household size.
- Monthly payment = principal + interest + annual fee + tax + insurance + HOA.
Important disclaimer
The figures produced by this calculator are estimates provided for informational and educational purposes only. They are not a commitment to lend, a loan estimate, or a guarantee of any terms, rate, or approval.
Actual costs depend on many factors the tool cannot fully account for, including your specific loan program, the property's location and type, your credit profile, debt-to-income ratio, income documentation, current market interest rates, mortgage insurance requirements, taxes, and insurance premiums.
Interest rates, fees, and program guidelines change frequently. For an accurate quote tailored to your situation, connect with a One Eleven Mortgage loan officer who can review your complete financial picture and provide live, personalized numbers.
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