Usda Loan Calculator
usda loan calculator. Get instant, accurate results. Enter values for instant results with step-by-step formulas.
Reviewed by Sahil, Senior Finance & Tax Editor
Reviewed by Sahil, Senior Finance & Tax Editor
Formula
M = P[r(1+r)^n]/[(1+r)^n-1] | USDA: 1% upfront guarantee fee + 0.35% annual fee
USDA loans offer 0% down payment for eligible rural areas. The upfront guarantee fee (1% of loan) is rolled into the loan. An annual fee of 0.35% of the outstanding balance is added to monthly payments.
Worked Examples
Example 1: $250K USDA loan
Problem:$250,000 home, 6%, 30yr
Solution:Upfront fee: $2,500. Loan: $252,500. P&I: $1,513.83. Annual fee: $73.65/mo
Result:$1,587.48/mo + tax & insurance
Reviewed by Sahil, Senior Finance & Tax Editor · Editorial policy