USDA Loan Calculator
Calculate your USDA Guaranteed loan payment with 0% down, 1.00% upfront guarantee fee, and 0.35% annual fee — and compare side-by-side against FHA and Conventional to see which program wins for your scenario.
Get Started in 3 Steps
How to Use the USDA Loan Calculator
Enter Purchase Price & Loan Details
Input the home price, your desired interest rate, and loan term. The calculator automatically applies the 1.00% upfront guarantee fee financed into the loan and 0.35% annual fee.
Review Your True All-In Payment
See your monthly P&I plus the guarantee fee — the number you'll actually pay each month — with no hidden costs.
Compare USDA vs. FHA vs. Conventional
Use the built-in program comparison to see how USDA stacks up on monthly payment, upfront costs, and total fees.
USDA Guaranteed Loan Calculator
1.00% upfront · 0.35% annual fee · 0% down · rural properties
USDA Guaranteed loans are for primary residences in USDA-eligible rural areas with household income at or below local limits.Check property eligibility →
No down payment required — 100% financing available
Upfront Guarantee Fee
$3,000
1.00% of base loan — financed into loan
adds $3,000 to balance
How USDA Guarantee Fees Work
Total Monthly Payment
$1,761/mo
P&I Payment
$1,673.18
Annual Fee
$87.50
Loan Breakdown
Purchase Price
$300,000
Down Payment
None required — 100% financing
$0 (0.0%)
Base Loan Amount
$300,000
Upfront Guarantee Fee
1.00% of base loan — financed in
+ $3,000
Total Financed Loan
$303,000
Annual Fee Does Not Cancel
Unlike FHA MIP (which can cancel after 11 years) or conventional PMI (which cancels at 80% LTV), the USDA 0.35% annual fee remains for the life of the loan — approximately $87.50/mo for the full 30-year term. Total estimated annual fee cost: $31,500.
USDA vs. FHA: Lower Fees, $0 Down
USDA's upfront fee (1.00%) and annual fee (0.35%) are both lower than FHA's (1.75% / 0.55%), and you put nothing down. On a $300,000 purchase, that's $3,000 upfront vs. $5,066 for FHA — saving $2,066 in financed costs.
| Year | Principal | Interest | MIP | Balance |
|---|---|---|---|---|
| 1 | $4,272 | $15,806 | $1,050 | $298,728 |
| 2 | $4,502 | $15,576 | $1,050 | $294,225 |
| 3 | $4,744 | $15,334 | $1,050 | $289,481 |
| 4 | $5,000 | $15,079 | $1,050 | $284,481 |
| 5 | $5,268 | $14,810 | $1,050 | $279,213 |
| 6 | $5,552 | $14,526 | $1,050 | $273,661 |
| 7 | $5,850 | $14,228 | $1,050 | $267,811 |
| 8 | $6,165 | $13,913 | $1,050 | $261,646 |
| 9 | $6,497 | $13,582 | $1,050 | $255,149 |
| 10 | $6,846 | $13,232 | $1,050 | $248,303 |
| 11 | $7,214 | $12,864 | $1,050 | $241,089 |
| 12 | $7,602 | $12,476 | $1,050 | $233,487 |
| 13 | $8,011 | $12,067 | $1,050 | $225,476 |
| 14 | $8,442 | $11,636 | $1,050 | $217,034 |
| 15 | $8,896 | $11,182 | $1,050 | $208,138 |
| 16 | $9,374 | $10,704 | $1,050 | $198,764 |
| 17 | $9,878 | $10,200 | $1,050 | $188,886 |
| 18 | $10,410 | $9,668 | $1,050 | $178,476 |
| 19 | $10,970 | $9,109 | $1,050 | $167,506 |
| 20 | $11,560 | $8,519 | $1,050 | $155,947 |
| 21 | $12,181 | $7,897 | $1,050 | $143,765 |
| 22 | $12,836 | $7,242 | $1,050 | $130,929 |
| 23 | $13,527 | $6,551 | $1,050 | $117,402 |
| 24 | $14,254 | $5,824 | $1,050 | $103,148 |
| 25 | $15,021 | $5,057 | $1,050 | $88,127 |
| 26 | $15,829 | $4,249 | $1,050 | $72,298 |
| 27 | $16,680 | $3,398 | $1,050 | $55,618 |
| 28 | $17,577 | $2,501 | $1,050 | $38,041 |
| 29 | $18,522 | $1,556 | $1,050 | $19,519 |
| 30 | $19,519 | $560 | $1,050 | Paid off |
| Total | $303,000 | $299,344 | $31,500 | paid off |
Are USDA loans really zero down payment?
Yes. USDA Guaranteed loans offer 100% financing with no down payment for eligible properties in qualifying rural and suburban areas. They carry a 1.00% upfront guarantee fee (financeable) and a 0.35% annual fee — both lower than FHA equivalents.
Best for: First-time buyers in rural Oregon and California, moderate-income borrowers seeking the lowest fees
How It Works
Understanding the USDA Loan Calculator
USDA Guaranteed loans are one of the most underused residential loan products: 100% financing, no down payment, and fees lower than FHA. The trade-off is eligibility — your property must be in a USDA-designated rural or suburban area, and household income cannot exceed 115% of the area median.
Worked example: You're purchasing a $350,000 home in a USDA-eligible area outside Salem, Oregon. With 0% down, your base loan is $350,000. The 1.00% upfront guarantee fee ($3,500) is financed, bringing it to $353,500. At 6.50% for 30 years, P&I is $2,234. The 0.35% annual fee adds $103/month, for a total of $2,337. Compare that to FHA at 3.5% down: you'd need $12,250 cash to close, and higher MIP would push your monthly payment to $2,451. USDA saves $12,250 upfront and $114/month.
The built-in program comparison puts USDA, FHA, and Conventional 5%-down side by side on monthly payment, cash to close, and total fee cost so you can see exactly where USDA wins.
Ready to apply?
Numbers look right? Explore our USDA Loans page for eligibility details, rates, and next steps.
About This Calculator
What the USDA Loan Calculator is For
USDA Guaranteed loans are one of the most underused tools in residential lending: 100% financing, no down payment, and fees that are lower than FHA on both the upfront and annual side. The catch is eligibility — rural property location and household income limits apply. This calculator handles the full payment math: 1.00% upfront guarantee fee financed into the loan, 0.35% annual fee split across 12 months, and a 30-year fixed term. The built-in program comparison puts USDA, FHA 3.5%, and Conventional 5% side by side on monthly payment, cash to close, and total fee cost so you can see the tradeoffs instantly.
Common Use Cases
- First-time buyers in rural Oregon and California comparing USDA vs. FHA
- Modeling 0% down payment scenarios and total monthly cost
- Comparing cash-to-close requirements across USDA, FHA, and Conventional
Ready to turn numbers into a loan?
Common Questions
USDA Loan Calculator — Frequently Asked Questions
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From the Blog
Further Reading
First-Time BuyersUSDA Loans in Rural Oregon & California: 2026 Income Limits Are Higher — and More First-Time Buyers Qualify Than You Think
The USDA Guaranteed loan offers 100% financing, below-market fees, and no monthly PMI — and the 2026 income limit increases have opened the door to thousands of additional buyers across Oregon's Pacific coast, the Willamette Valley fringes, and California's rural northern counties. Here's everything first-time buyers need to know.
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VineyardFinancing a 30-Acre Vineyard Estate in Grass Valley, California: Conventional vs. Ranch Home Loans vs. Ag Loans on a $2.29M Nevada County Wine Property
A real-world walkthrough of how to finance a 30-acre established vineyard estate in Grass Valley, Nevada County — 18 acres of producing vines planted in 2002, a Craftsman home, a six-suite office building, a 1,500 sq ft barn, a separately-metered tent building generating rental income, a 20,000-gallon Gunite pool with studio pool house, NID irrigation water, and AG zoning across three parcels. We compare the three viable loan products on the same property: Conforming Conventional vs. standard residential Jumbo, our Ranch Home Loans jumbo, and our true Ag loan options. The decision depends on whether the buyer is occupying the residence and farming at hobby scale, scaling commercial wine production under a use-permit-driven venue plan, or buying the property as an investment to rent out — each path leads to a different product.
All calculator results are estimates for informational purposes only and do not constitute a loan commitment or guarantee of any specific rate or terms. Actual loan terms will depend on creditworthiness, property type, and market conditions. Lumen Mortgage Corporation · NMLS #1498678 · Licensed in Oregon & California · 920 SW 6th Ave, Suite 1200, Portland, OR 97204.