US USDA Loan Calculator

Calculate USDA rural development loan payments including the upfront guarantee fee and annual fee. See your monthly payment for zero-down financing in eligible US rural areas.

Overview

USDA Rural Development loans are backed by the US Department of Agriculture and allow zero down payment for eligible buyers in qualifying rural and suburban areas. The program targets moderate-income borrowers who cannot obtain conventional financing. USDA loans carry two fees: a one-time upfront guarantee fee of 1% of the loan amount (typically rolled into the loan) and an annual fee of 0.35% of the outstanding balance, paid monthly. This calculator computes your loan amount including the rolled-in guarantee fee, your monthly payment covering principal, interest, annual fee, property tax, and homeowners insurance, and your total interest and fee costs over the loan term.

How to use this calculator

Enter the home purchase price.
Enter your down payment (zero is allowed for USDA loans).
Enter the current USDA loan interest rate.
Set the loan term in years (typically 30).
Enter annual property tax and homeowners insurance.
Click Calculate to see your monthly payment, total guarantee fees, and total interest.

Example calculations

Example 1: Basic Calculation

A typical scenario using default values

{
  "home_price": 250000,
  "down_payment_percent": 0,
  "interest_rate": 6.5,
  "loan_term_years": 30,
  "annual_property_tax": 3000,
  "annual_home_insurance": 1200
}

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