USDA Loan Calculator
Model a USDA Rural Development purchase: $0 down, no monthly PMI, the 1% upfront guarantee fee financed into the loan, and the 0.35% annual fee built into the payment. Pick your state and enter a price to see the full monthly payment. An educational estimate, never a quote.
Rates shown are illustrative approximations — not actual available rates. For informational and educational purposes only.
Next step
Get the free First-Time Buyer Booklet — emailed to you
A plain-English guide you can keep. Optionally, a free educational consultant can answer your questions — they explain how the programs work, and never take applications or quote rates. Educational only, never sold or shared.
Frequently asked questions
Who qualifies for a USDA loan?
USDA loans are for buyers of a primary home in a USDA-eligible area whose household income is within the county limit — generally up to 115% of the area median income, counting everyone in the household. Much of the eligible map is small-town and suburban-edge, not only farmland. Confirm your address and income on USDA's official maps at eligibility.sc.egov.usda.gov before counting on it.
Do USDA loans have PMI?
No. Instead of monthly PMI, USDA charges a one-time upfront guarantee fee of 1.00% of the loan (usually financed into the loan) plus an annual fee of 0.35% spread across the monthly payments. This calculator finances the 1% upfront fee and folds the 0.35% annual fee into the monthly estimate.
Is this USDA estimate a quote?
No. It is an educational estimate using an illustrative interest rate and the standard USDA guarantee fees — not a quote, pre-qualification, or commitment to lend. MortEdu is an educational publisher, not a lender, broker, or servicer. A licensed lender confirms your area, income eligibility, and actual terms.
How the USDA $0-down payment is built
A USDA loan (Section 502 Guaranteed) lets eligible buyers purchase a primary home in a USDA-eligible area with $0 down and no monthly PMI. In place of PMI, USDA charges a one-time 1.00% upfront guarantee fee (usually financed into the loan) and a 0.35% annual fee spread across the monthly payments. This calculator finances the 1% upfront fee, folds the 0.35% annual fee into the monthly figure, and adds your state's property-tax and homeowners-insurance estimate.
Two things to confirm before counting on a USDA loan: the property's area eligibility and your household income (generally up to 115% of the area median), both on USDA's official maps at eligibility.sc.egov.usda.gov. Most large metro cores are not USDA-eligible, but nearby small towns and rural-edge areas often are. Every figure here is educational — a licensed lender confirms your area, income eligibility, and actual terms.