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
Keep Exploring
Related Calculators
FHA MIP Calculator
Calculate your FHA upfront MIP (1.75%, financed into the loan), monthly mortgage insurance premium, and see precisely how your down payment affects MIP rate, duration, and total lifetime cost.
Mortgage Calculator
Estimate your monthly principal & interest payment, compare 15- vs. 30-year terms, and see total interest paid over the life of the loan
Conventional & PMI Calculator
Calculate your conventional loan payment with FICO-score-based PMI rates, see exactly when PMI cancels under the Homeowners Protection Act, and find out how much you'd save by improving your credit score before applying.
VA Loan & Entitlement Calculator
Calculate your VA entitlement, required down payment, maximum zero-down loan amount, and funding fee
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.
Self-EmployedHow IRA Loans Helped Two Oregon Borrowers Qualify When Tax Returns Couldn't
An IRA loan uses your retirement balance — divided by 36 months — as qualifying income. No distributions required, no age restrictions. Here are two real Oregon scenarios where this program closed the gap: a newly retired Tigard couple buying without triggering taxable distributions, and a recently self-employed Oregon City borrower qualifying without two years of returns.
Self-EmployedHow Two Self-Employed Business Owners Got a Bank Statement Refinance on Their Rural Oregon Property — After Another Lender Said No
Two self-employed Oregon borrowers with three businesses, a private note coming due, and tax returns that didn't tell the whole story. Here's how Lumen Mortgage closed their rural bank statement refinance in under 30 days — after another lender couldn't get it done.
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.